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888 Holdings appoints Naama Kushnir as COO

Niji Narayan

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888 Holdings appoints Naama Kushnir as COO
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888 Holdings has appointed its Senior Vice President (SVP) and Head of Human Resources, Naama Kushnir, as the Chief Operating Officer (COO) of the company.

Kushnir has been with the company for 11 years, and had previously worked in human resources at Herbert Smith Freehills, the global law firm.

She will be reporting directly to 888 Holdings’ CEO, Itai Pazner, and will work alongside the company’s other SVP’s to deliver its growth strategy, which focuses on expanding in global, regulated markets through production innovation, organic growth and value-enhancing M&As.

Speaking about her promotion, Kushnir said: “I am hugely excited to be taking on this new role in 888’s Operational Management team. The group has made some exciting recent acquisitions, including adding a sportsbook to its proprietary technology stack for the first time.”

While Pazner added: “Naama is a highly skilled, respected and experienced operator and I have every confidence that – alongside the rest of the Operational Management team – she will continue to drive 888’s growth and promote our company culture, vision and values in her new role.”

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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Compliance Updates

German State of Lower Saxony Issues First Federal Payment Blocking Order

Niji Narayan

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German State of Lower Saxony Issues First Federal Payment Blocking Order
Photo Source: spokesman.com
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As a part of the efforts to drive illegal igaming business from the country’s market, the German state of Lower Saxony (Niedersachsen) has issued an international payment service provider with a blocking order. The companies have been banned from doing business with operators offering online casino, poker and lottery betting in Germany.

“[The] pressure is now on other payment providers to reorganise their businesses processes related to illegal gambling, if they have not already done so. Online casino is no trivial matter. [It is] banned by the State Treaty on Gambling and [offering such products is] a criminal offence. In the meantime, however, it remains a billion-Euro market,” Boris Pistorius, Minister for Home Affairs and Sports said.

The Niedersachsen Ministry of Interior handed the responsibility for implementing payment blocking controls. Its blocking orders are effective across all German states. The Ministry also sent warnings to a number of other payment service providers over links to illegal gambling. Some of these companies have already responded by ceasing to power transactions for offshore sites.

“The successful interactions with some payment service providers shows that our approach is quite effective,” Pistorius added.

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Greentube revolutionising iGaming integrations in 2019

George Miller

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Greentube revolutionising iGaming integrations in 2019
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With nJoin, Greentube has reduced the integration of its games into partner platforms from months to a few days, while providing a simple, interactive and transparent integration process. The tool enables B2B partners to quickly build up a knowledge base about Greentube’s games and platform features, launch and play its games as well as integrate, debug and fix issues on the fly. The tool is designed in a way that best fits the needs of Greentube’s B2B partners integrating its games into their platform.

Amir Gharani, Head of Games Integration at Greentube: “nJoin was a vision on paper last year, now it is a reality. Game integrations have never been easier and it’s amazing to see feedback from the operators on how easy, effective and transparent the integrations have become for them with nJoin. In addition, this project would never be completed without having such a team of highly talented and inspiring specialists. Greentube is on a mission to establish itself as the world’s leading B2B game provider and nJoin is an essential part of that journey.”

Michael Bauer Greentube CFO/CGO: “Our strategy is to continuously expand throughout Europe and the Americas. nJoin will be a catalyst in reaching our goals as future integrations will be more efficient and faster for both us and our B2B partners. I want to congratulate the team who did an amazing job from creating the concept until implementation. It is the first step in a series of innovations and improvements which we are planning to implement moving forward. Watch this space for more to come.”

The core features of nJoin are its test suites, which guide users through the implementation of any and all B2B interaction between Greentube and its partners. Easy bug fixing is facilitated though immediate feedback from the built-in diagnostic tools. At the end of the integration, the operator is able to run all automated test cases from start to end and will be provided with an overview on which tests have passed and which not.

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Trustly merges with PayWithMyBank to deliver transatlantic online banking payments coverage

George Miller

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Trustly merges with PayWithMyBank to deliver transatlantic online banking payments coverage
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Trustly, Europe’s leading online banking payments provider, is pleased to announce that it is merging with Silicon Valley-based online banking payments leader PayWithMyBank.

Together, Trustly and PayWithMyBank will enable merchants with a global footprint to accept online banking payments from European and US consumers. The merger addresses the needs of merchants to have an alternative to the card networks and accept online payments directly from consumers’ bank accounts, and for consumers to be able to pay in a fast, simple, and secure way.

In many European markets, consumers are used to paying directly with their bank account and the payment method is now also emerging in the US as a compelling alternative to credit cards. Following the merger, PayWithMyBank founder and CEO, Alexandre Gonthier, will be the US CEO, with overall responsibility for US market development. Gonthier will report to Group CEO, Oscar Berglund.

Oscar Berglund, CEO of Trustly, said: “This transformative merger creates the first and only online banking payments network with transatlantic coverage and accelerates our path towards global coverage. Alex was a co-creator of the online banking payments model in the year 2000 and we are very much looking forward to working with him and the impressive team at PayWithMyBank. Together we’re thrilled to be able to offer merchants and billers a unique alternative to card payments, allowing them to accept payments from 600 million consumers across Europe and the US.”

Alexandre Gonthier, CEO of PayWithMyBank, said: “Our large, US-headquartered customers were all asking us to expand our consumer coverage globally beyond the US. So, joining forces with Trustly, the established leader in our space in Europe, was a natural strategic next step for PayWithMyBank, the emerging leader in the US. We look forward to offering a richer service to our existing customers and partners, and building an unparalleled solution for merchants and billers with global ambitions.”

Trustly, as part of its product offering, holds merchant funds and is a licensed payment institution while PayWithMyBank does not hold any merchant funds. The shareholders of PayWithMyBank are joining the shareholders of Trustly in the merged group. The merged group had revenues in excess of EUR100 million (USD120 million) in the calendar year of 2018.

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