Connect with us
SIS

Latest News

UKGC asks gambling websites to remove unfair withdrawal practices

Niji Narayan

Published

on

UKGC asks gambling websites to remove unfair withdrawal practices
Photo Credit: EPA/ANDY RAIN
Reading Time: < 1 minute

 

The United Kingdom Gambling Commission (UKGC) has issued an order that the British websites must remove unfair restrictions of money withdrawal or face action. The commission was reiterating the findings of a two-year study by UK’s UK’s Competition and Markets Authority (CMA).

CMA undertook the study following customer complaints about various types of withdrawal restrictions imposed by gambling operators.

“The CMA has been working in collaboration with the sector regulator, the Gambling Commission, to improve terms and conditions for players online and to help ensure firms do not break consumer protection law,” CMA said in a statement.

A key finding of the study is the practice of seising the players’ balances if their accounts lie dormant for a certain period of time. There were also cases where the balances were debited if players fail to provide proof of ID within a certain timeframe.

Some sites were also restricting the amount that could be withdrawn at a time, which the CMA concluded was simply an attempt to keep the customer gambling. Other companies were found to be imposing money laundering controls selectively, in order to delay withdrawals from winning accounts.

 “Gambling firms should not be placing unreasonable restrictions on when and how consumers can take money out of their accounts,” said UKGC Executive Director Paul Hope. “We now expect all online operators to review the findings published by the CMA today and ensure they update their own practices.”

 

Source: casino.org

Advertisement
Kasynos.Online

Industry News

Scout Gaming Enters Distribution Agreement with BtoBet

Niji Narayan

Published

on

Scout Gaming Enters Distribution Agreement with BtoBet
Reading Time: < 1 minute

 

Scout Gaming has entered into a distribution agreement with platform provider BtoBet. The deal allows BtoBet to provide Scout Gaming’s full product offering to its vast network of operators.

“We are pleased to add another strong distribution platform to our already broad network of partners. We had a successful co-operation with BtoBet and looking forward to expand it,” Joakim Renman, CCO of Scout Gaming, said.

“We are happy to add the market leading DFS and fantasy sports supplier to our product portfolio of games. We are experiencing an increasing demand for additional sport content and believe that Scout Gaming’s product fits that need in a pleasant way,” Sabrina Soldà, Chief Marketing Officer of BtoBet, said.

Continue Reading

Central Europe

German Sports Betting Operators to Start TV Campaigns

Niji Narayan

Published

on

German Sports Betting Operators to Start TV Campaigns
Reading Time: < 1 minute

 

German sports betting operators are going to start TV campaigns. Betano and Unibet are among the customers of Magic Sports Media in Germany who will be advertising on the Sport1 free-to-air sports channel.

With the restart of the Bundesliga, the time is right, says the advertising company, for sports betting operators, major players, to resume communications with sports fans. It is the third year that Betano has promoted itself successfully through this medium and has already been accorded the EGR Mobile Operator of the Year award.

Similarly, Unibet is promoting itself in the Bundesliga, this time for the second successive year on Sport1 with spots on Sunday morning and Sky Sports News. They also have an Austrian advertising window. It is the official betting partner of Borussia Monchengladbach and RB Leipzig has connections too.

“Betano and Unibet have firmly established themselves in Germany since their successful start. The high-reach and target group affinity environments on Sport1 offer our two aspiring partners an excellent platform for staging their offers in order to further expand their market presence,” Christian Madlindl, managing director of Magic Sports Media, said.

Continue Reading

Endorphina Press Releases

A refreshing new partnership between Endorphina and PG Company!

George Miller

Published

on

A refreshing new partnership between Endorphina and PG Company!
Reading Time: < 1 minute

 

We’re in the last stretch of summer and Endorphina has done it again. We’ve heard they’ve just closed a new partnership with PG Company, one of the reputable companies operating in Europe and Latin America.

This partnership holds a lot of success for both parties. For Endorphina, they can anticipate expanding their trending portfolio of games to wider markets to reach more players. PG Company can also be excited to soon provide their players with even more attractive games.

Massimo Esposito, CEO of PG Company shares about the partnership: “We are delighted to have Endorphina’s casino games integrated into our library, and we are sure their games with graphics and exciting storylines will prove popular among players around the globe.
We are happy to have them as partners and strongly believe they will create added value for our clients.”

Sales Manager at Endorphina, Zdenek Llosa, also shares: “We are very happy to have partnered with PG Company. At Endorphina, we aim to expand our footprint worldwide and such partnership will strengthen the status for both and increase our presence in Europe and Latin America. Our full portfolio of games including the most popular such as Chance Machine 100, Asgardians, 2020 Hit Slot, Dia De Los Muertos and our beloved Lucky Streak Series will be available in these regions. We are confident that it will meet the needs of their operators worldwide.”

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.

Kasynos.Online