Gambling in the USA
Fraud charges raised against Kizzang founder
The Securities Exchange Commission has filed charges against Robert Alexander, the founder of Kizzang LLC, in connection with investment fraud. He had raised around $9 million from around 50 investors for the development and launch of an online gaming platform by misrepresenting a number of facts. He did the false representations and promises to attract investors. It is believed that he guaranteed a minimum return of 10 times their investment.
The SEC claims Alexander used investor funds totalling $1.3 million to finance his daily living, fund his daughters education, buy expensive cars, pay off personal debts and fund his gambling habit.
“As alleged in our complaint, Alexander promoted Kizzang as an opportunity for investors to profit from the early success of a technology start-up,” Carolyn Welshhans, Associate Director in the SEC’s Division of Enforcement, said. “In reality, Alexander brazenly converted investor proceeds for his personal use, sometimes within days of receiving investor funds.”
The SEC has charged Alexander and Kizzang with violating the anti-fraud provision of the Securities Act and Exchange Act, in the complaint filed with the U.S. District Court for the Southern District of New York.
Simultaneously, the U.S. Attorney’s Office for the Southern District of New York has laid criminal charges against Alexander.
New sports betting hardware gives operators added flexibility for how and where they offer sports betting
International Game Technology PLC announced today that the Company will debut its latest sports betting solutions, the IGT PlaySports Bank and PlaySports Pod, at the Global Gaming Expo (“G2E”) this week in Las Vegas.
The PlaySports Bank and PlaySports Pod feature three intuitive, self-service betting kiosks and are topped with high-definition multi-media displays that can showcase a range of content including live sporting events, betting odds, lines, game day feeds and more. The PlaySports Bank is designed to go against a wall, while the PlaySports Pod can be deployed in a standalone setting.
“IGT PlaySports Bank and PlaySports Pod are designed to expand sports betting beyond the sportsbook. They provide our customers with creativity and control in designing their sports betting offerings while improving the player experience and reducing operating costs,” said Enrico Drago, IGT PlayDigital Senior Vice President. “We are excited to add the PlaySports Bank and PlaySports Pod to our market-leading PlaySports portfolio, as they offer a compelling way for our customers to benefit from new sports betting market opportunities.”
IGT PlaySports is currently powering sports betting in ten U.S. states. The Company will showcase the full capabilities of its PlaySports solution and sports wagering peripherals in booth 3659 at G2E. To learn why winners choose IGT PlaySports visit IGT.com.
About IGT:
IGT (NYSE:IGT) is the global leader in gaming. We enable players to experience their favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Digital and Social Gaming. Leveraging a wealth of premium content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has over 12,000 employees. For more information, please visit www.igt.com.
The trademarks and/or service marks used herein are either trademarks or registered trademarks of IGT, its affiliates or its licensors.
SOURCE IGT
Global leader opens first US office to replicate worldwide success in U.S. regulated markets
Playtech, the global leader in gambling technology, is set to demonstrate its truly omni-channel suite of integrated, innovative gaming and betting solutions, known in the industry as Playtech ONE, at this week’s Global Gaming Expo 2019 in Las Vegas.
Playtech ONE delivers the end customer a real time, seamless experience across retail and online and across any product vertical, including Playtech’s industry leading Casino, Live Casino and Sports Betting offerings.
Playtech ONE is underpinned by Playtech’s proprietary IMS platform, offering data driven marketing tools and player retention and engagement – including industry leading Responsible Gambling features to ensure a safer entertainment driven customer experience. Playtech offers U.S. licensees everything they need to deliver a seamless player experience anywhere, at any time and on any device through a single account and wallet.
With $1 billion traded globally on sports each month via Playtech’s retail and online sportsbook products, the supplier is helping U.S. operators develop powerful customer-facing products with digital and mobile software proven to generate incremental revenues.
Totaling a 60,000-strong kiosk distribution representing one in three of every bets placed in European venues, including Ladbrokes in the UK, OPAP in Greece, and Codere in Spain, the Playtech team will be on hand to demonstrate its comprehensive range of omni-channel technology, content and responsible gaming tools.
Coinciding with its opening of a NY-based HQ, Playtech’s full range of on-property sports betting products will take centre stage at G2E. Including kiosks, space-saving compact terminals, and over the counter tellers, the company is set to showcase its latest state-of-the-art features, including its new Flexi-Bonus Engine, which uses sophisticated rule-based promotional campaigns for maximum flexibility. Debuting alongside will be the company’s Operator Trading Tools, which allow all operators to adjust and skew odds, as well as add prop bets at the click of a button.
Playtech ONE will also make its first Las Vegas appearance, encompassing Live Casino and Casino. With its latest Live Roulette set to feature heavily, this highly immersive experience brings visuals, sound and dealer presentation together to deliver an engaging combination of visual appeal and innovative gameplay.
With nine distinct global studios now developing content under the Playtech umbrella, the world’s leading supplier is able to deliver bespoke titles in record time and under budget across a wide range of territories, as well as offering an unrivalled selection of games to suit a range of demands via its Open Platform.
Visitors can meet the Playtech team at booth 5323 to experience its complete range of fully integrated omni-channel sports betting and gaming products.
Table Trac, Inc. announces that it will be showcasing the newest addition to CasinoTrac Casino management System, DataTrac at the upcoming Global Gaming Expo (G2E) conference October 15 – 17, 2019 at the Sands Expo in Las Vegas.
DataTrac provides valuable in-depth insight to the performance of the slot floor, pit, and player performance, in addition to measuring the success of current promotional strategies. DataTrac incorporates easy to read visualizations and dashboards and empowers users to get the most out of their data.
Keeping a properties information safe and secure is our top priority and DataTrac does just that! Enjoy peace of mind knowing that all your data stays on your property with no need for third party vendors or cloud services. DataTrac is fully integrated into the CasinoTrac Casino Management software, giving users the information they need to make decisions in real time.
For more information on DataTrac and CasinoTrac CMS, visit us at Booth 1636.
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. The company has systems installed with over 90 operators, representing more than 150 sites, in North, South, and Central America, as well as the Caribbean. More information is available at http://www.tabletrac.com/.
SOURCE: Table Trac, Inc.
Chief Information Security Officer Joins Continent 8
Greece to Raise Tax Rates on Online Gambling
Veikkaus Appoints New Supervisory Board Members
Ivan Liashenko (Chief Marketing Officer at Parimatch) among the speakers at European Gaming Congress 2019 Milan
Endemol Shine Gaming Launches Monster Meltdown Video Slot
IGT PlaySports Bank and PlaySports Pod Make World Debut at G2E 2019
Microgaming Launches Deco Diamonds Deluxe
GeoComply Launches IDComply
Magellan Robotech announced as General Sponsor at CEEGC2019 Budapest
Chief Counsel of Malta Gaming Authority to take part in the fireside chat with Dr. Simon Planzer at CEEGC2019
D-A-CH market in focus at CEEGC2019 Budapest, updates from Austria, Liechtenstein, Switzerland and Germany
EGT Interactive is circling back to Budapest with a special participation at CEEGC
Christian Tirabassi (Ficom Leisure) to moderate the “Focus on Italy and Malta” compliance panel discussion at EGC2019 Milan
Panama to Cancel Tax on Gambling Winnings
History and Evolution of the UK Gambling Commission
BMM’s Director Tribal Gaming, Jodi DiLascio Announced as a 2019 AISES Board Member
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Athira A- Finnish gambling market projections
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