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GVC shares slip as Ladbrokes faces row over problem gambler hush money

Niji Narayan

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GVC Shares Slip on Ladbrokes scandal of payoffs to victims of Problem Gambling
Photo Source: sky.com
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GVC shares took a beating as the row over alleged hust money payments  to problem gamblers by Ladbrokes emerge. The controversy is that  Ladbrokes, a subsidiary of GVC Holdings, had agreed to pay the victims of the problem gambler £1mln in return for a pledge to not inform the industry regulator.

The gambler admitted to having stolen the funds, with Ladbrokes agreeing to pay the money to five of the victims who accused the bookmaker of accepting stolen funds.

The company had offered to the victims the incentives including free tickets to Arsenal games, the company box at the Royal Ascot, and return flights from Dubai.

The issue came to light when the gambler reported the issue to the UK Gambling Commission, breaking the terms of the settlement.

An area of particular concern were text messages exchanged between the gambler and an account manager assigned to him, which raised doubts around the company’s compliance with regulations designed to prevent problem gambling and money laundering.

The UKGC, which monitors the industry, said it was investigating the matter to “ascertain the full circumstances” of the revelations.

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Kalamba Launches New “Bullseye” Brand

Niji Narayan

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Kalamba Launches New “Bullseye” Brand
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Kalamba Games has launched its new brand named “Bullseye.” The new brand incorporates Kalamba’s proprietary remote gaming server (RGS) and promotional tools product offerings.

The Bullseye launch cements the Malta-based firm’s position as a next-generation supplier as it continues to invest in creating a strong brand and further expanding the company.

The new brand incorporates a range of Kalamba’s new promotional tools, which will initially be made available to partners that are directly integrated via the Bullseye RGS. The roll out is set to begin in H2 2020 and gives direct access to over 35 unique Kalamba titles.

“We’re very excited to bring the Bullseye brand to market as it reflects the team’s hard work in bringing the company further towards maturity and underlines our commitment to supporting our partners’ success,” Steve Cutler, CEO and co-founder of Kalamba, said.

“Bullseye represents the next stage in the core strategy and vision we established back in 2016. Naturally we look forward to building further on our games portfolio, but making titles interconnected via meta features and layers will ensure we build a market leading slots experience for the ages,” Steve Cutler added.

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France’s ANJ Reveals New Leadership Team

Niji Narayan

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France’s ANJ Reveals New Leadership Team
Photo Source: lesechos.fr
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France’s new gambling regulator L’Autorité Nationale des Jeux (ANJ) has announced a number of new appointments to its senior leadership team.

Officially launched this June, the ANJ will serve as France’s “single regulatory agency” for gambling, replacing ARJEL and further industry oversight responsibilities of the French Treasury and the Department of Agriculture.

Led by Isabelle Falque-Pierrotin, the current ANJ Chairman and former French State Counsellor for data protections, the ANJ has been tasked with developing two new frameworks to prioritise consumer protections and the prevention of financial crimes.

Joining Falque-Pierrotin’s executive team, the ANJ confirmed the appointment of former French Treasury counsellor Rémi Lataste as the Director-General who will oversee the agency’s budget responsibilities.

The ANJ’s day-to-day operations and resources will be led by Olivier Tournut as Secretary-General. Tournut is the former Chief Administrator for France’s CNIL IT and data protections agency, the federal department formerly led by Falque-Pierrotin.

Supporting ANJ’s new regulatory mandate, Falque-Pierrotin confirmed that former ARJEL executive Jean Baptiste Menguy will continue to hold the position of HR Director for the agency.

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Digitain Partners with GameArt

Niji Narayan

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Digitain Partners with GameArt
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Online casino platform provider Digitain has partnered with game developer GameArt to expand its slot games offering.

Digitain will provide its partners with GameArt’s portfolio of HTML5 slots, which will be managed via Digitain’s Casino Games Dashboard. The deal further expands Digitain’s offering, which was recently strengthened in the absence of live sport.

 “We are delighted to add GameArt and their excellent range of slots to our casino product portfolio. We are committed to continually improve the quality of the content we provide to our partners – GameArt’s multi-language slots, with their state-of-the-art graphics, are a welcome addition to our casino offering,” Samvel Mkrtumyan, head of external communication at Digitain, said.

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