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Stride Gaming accepts UKGC’s £7m fine

Niji Narayan

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Stride Gaming accepts UKGC’s £7m fine
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UK-based gaming operator Stride Gaming has decided to accept £7m penalty slapped by the UK Gambling Commission (UKGC). Daub Alderney, part of Stride Gaming Group, will not appeal the penalty issued for its failure to prevent money laundering.

The Gambling Commission conducted an investigation about the activities of Stride Gaming and found that its mode of operation had lapses in monitoring of players, keeping full records of customer transactions and staff training in recognising transactions which could relate to money laundering.

Nigel Payne, Non-Executive Chairman of Stride Gaming, said: “Stride Gaming considers that robust anti-money laundering and social responsibility controls are extremely important.”

“We remain disappointed with the particular circumstances of this case and with certain factual inaccuracies which were presented by the Gambling Commission to the regulatory panel in the course of the proceedings, which we believe coloured the size of the fine that has been imposed.”

“This is an astonishing penalty imposed by the Gambling Commission’s Regulatory Panel on Daub Alderney Limited. The fine is almost double that of the original £4m set aside by the board of Stride Gaming to cover this outcome, and comes alongside a warning and additional conditions imposed on the operating licence. This penalty will send shock waves throughout the gaming industry, as the amounts involved are now so high that they are materially significant for some operators.” – commented Richard Williams, Licensing Partner at law firm Joelson.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Angel Sets to Complete GPI Acquisition

Niji Narayan

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Angel Sets to Complete GPI Acquisition
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Angel Holdings Godo Kaisha is going to complete its acquisition of Gaming Partners International Corporation (GPI). GPI has already delivered a written communication to NASDAQ regarding the merging date.

Under the terms of the merger agreement with Angel, GPI stockholders will receive US$13.75 in cash per share in exchange for their shares. Upon completion of the deal, Angel will own 100% of GPI, making GPI a wholly-owned subsidiary of the company.

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Galaxy Gaming and Caesars Entertainment UK Extend Partnership with Multi-Year Agreement

George Miller

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Galaxy Gaming and Caesars Entertainment UK Extend Partnership with Multi-Year Agreement
Photo Source: investopedia.com
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Galaxy Gaming, Inc. announced Caesars Entertainment EMEA agreed to a multi-year agreement with the organization. The agreement includes an integrated partnership including product and marketing support for all Galaxy Gaming proprietary table game titles at Caesars Entertainment EMEA properties as well as progressive systems.

“Galaxy Gaming is excited for the opportunity to continue working closely with Caesars EMEA in driving more players to their gaming facilities and contributing to the overall player experience,” said Todd Cravens, Galaxy’s CEO.  “Showcasing our table games at some of the most premier casinos around the country will be an honour.”

“We are delighted to work with Galaxy Gaming to bring new and innovative gaming experiences to our customers.  Customer appetite for new bonuses and variations on classic games is increasing and we pride ourselves on delivering the best gaming environments in the UK.” Peter Turpin, Group Operations Director Caesars Entertainment EMEA.

About Galaxy Gaming:
Headquartered in Las Vegas, Nevada, Galaxy Gaming, Inc. (galaxygaming.com) develops, manufactures and distributes innovative proprietary table games, state-of-the-art electronic wagering platforms and enhanced bonusing systems to land-based, riverboat, cruise ships and online casinos worldwide.  Through its iGaming partner Progressive Games Marketing Ltd., Galaxy Gaming licenses its proprietary table games to the online gaming industry

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R. Franco Digital’s Portfolio Brings In Espresso Games’ Products

George Miller

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R. Franco Digital’s Portfolio Brings In Espresso Games’ Products
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Franco Digital and Espresso Games have disclosed their cooperation agreement whereby the Italian developer’s games will become integrated into IRIS, the Spanish subsidiary’s technological platform.

BETPLAY, an online gaming platform owned by Corredor Empresarial – the major gaming operator in Colombia– will be the first of R. Franco Digital’s customers to enjoy more than 40 titles developed by the Italian company and certified in Colombia. From then on, all operators integrated with IRIS will have new slot, roulette, blackjack, baccarat and poker games available for themselves and their customers.

According to Rubén Loeches (CMO, R. Franco Group): “This agreement is another step forward in consolidating IRIS, our open omni-channel platform that continues to grow and add new gaming integrations, means of payment, sportsbook… to provide operators with the best and most powerful supply of contents for their business.”

Vera Motto (LatAm Regional Manager, Espresso Games) said: “We could not be happier with our entry into the Colombian market with the main operator in this market, and with the start of this co-operation with such a prestigious organisation as the R. Franco Group. This is the first step in our expansion in this area which will soon go far beyond.”

 

ABOUT R. FRANCO DIGITAL:

Franco Digital is the digital division of the R. Franco Group, leader in the gaming industry with 53 years’ history and more than 300 professionals. It was created as the Group’s vehicle to face new industry challenges by providing national and international gaming operators with global solutions.

 

ABOUT ESPRESSO GAMES:

Espresso Games® is a world-class casino content producer with a unique quality and Italian style. Special features games lead to gain two world patents for the RACEPOT and REELPOT® systems, which further ennobles their extensive portfolio of casino, slot and special games. An optimised architecture provides for seamless integration and includes every essential feature for operators: mobile support, back-office, multi-currency and multi-language, bonus system and much more, in addition to a stable and robust environment for players.

Espresso Games® is certified in Italy, Colombia and Spain.

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