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1xBet Selects Truevo Payments to Send and Receive Card Payments Globally

Vlad Poptamas

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Online bookmaker, 1xBet, has selected Malta-based payments company, Truevo Payments, to facilitate the acceptance of Visa, Mastercard and Maestro deposits from players across the globe. 1xBet will also make use of Truevo’s OCT (Original Credit Transfer) solution to process almost instant payouts to over a billion eligible bank cards.

VP of Business Development at Truevo Payments, Roman Metodiev, said “1xBet is known as a trailblazer in the iGaming industry. Not only do they offer a great selection of betting opportunities, but their long list of global payment methods allows them to reach and transact with players globally. We are proud to be working with 1xBet, and look forward to providing them with safe, simple and reliable transacting for years to come.”

Truevo is a licensed acquirer and payment gateway offering innovative payment products, card acquiring and merchant account services to EU businesses. As a PCI DSS (Payment Card Industry Data Security Standard) Level 1 payment service provider, Truevo complies with the highest global data security regulations. By integrating with Truevo, 1xBet will enable players from around the world to make safe online deposits in over 120 currencies.

1xBet will also be utilising Truevo’s OCT system to transfer fast and reliable payouts directly to players’ Visa, Mastercard or Maestro cards. With OCT, gaming operators can now enjoy the convenience of using a single API for initiating, tracking and reconciling fund disbursements regardless of location or currency. Furthermore, OCT doesn’t require a major investment in technology, personnel, or infrastructure, making it a quick and affordable solution.

“This is a unique experience for both of our companies and we are delighted to take this opportunity to form a partnership with Truevo. Their innovative advances and expertise will unequivocally result in reaching better performance. We trust that this will lead to an ongoing and mutually beneficial partnership.”, said Gouloud Mercedes Hammoud, a representative of 1xCorp.

By offering solutions that encompass the entire payments value chain and embracing emergent technologies, Truevo is quickly gaining traction in the iGaming market. The company was a sponsor of iGB Live! 2019, which took place at RAI Amsterdam last month.  Roman Matodiev stated that “Truevo will also be exhibiting at SiGMA 2019”, taking place between 27th and 29th November 2019, at the MFCC, Ta Qali, Malta. He added that “due to the unprecedented growth in the online gaming sphere, we’ll continue to develop tailored payment solutions to meet the growing global demand.”

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Betsson Becomes Largest Stakeholder in Suaposta

Niji Narayan

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Betsson Becomes Largest Stakeholder in Suaposta
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Online gambling and betting operator Betsson has acquired a 75% stake in Suaposta and become the single largest stakeholder in the Brazilian race betting operator.

According to the deal, despite Betsson now becoming the largest stakeholder, Suaposta’s founders André Gelfi and Fernando Corrêa would be in charge of the brand’s local online operations.

Gelfi said that the increased involvement of Betsson will put them in “an interesting position to contribute to the development of the onshore sports betting market in Brazil.”

Brazil is about to legalise gambling and Betsson’s deal with Suaposta will strategically benefit the company when the gambling market opens up in Latin America’s largest country.

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Gambling in the USA

Department of Veterans Affairs Opens Gambling Addiction Treatment Centre in Las Vegas

Niji Narayan

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Department of Veterans Affairs Opens Gambling Addiction Treatment Centre in Las Vegas
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The Department of Veterans Affairs has opened a new in-patient gambling addiction recovery centre in Las Vegas.

The facility is the second of its kind in nearly 50 years at VA: the department’s first gambling addiction centre – a trailblazing treatment facility that was the first of its kind in the country for addressing compulsive gambling – opened at the Brecksville, Ohio, VA Medical Centre in 1972.

Now part of the Louis Stokes Cleveland VA Medical Centre, it was the sole inpatient treatment centre for gambling addiction, drawing more than 100 veterans annually from around the country for care.

Tim Jobin, chief of behavioural health at the VA Southern Nevada Healthcare System, said the new gambling addiction centre “fills a gap in our mental health continuum of care.”

“The staff has dedicated countless hours of planning, mindfulness and reviews to make this happen here today,” Jobin said.

The new gambling addiction centre has 20 beds, including a separate wing with five beds for women veterans, and will focus on individual treatment plans using a “whole health approach” geared to emotional, physical and mental healing.

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Booming Games partners with Luckydays

George Miller

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Booming Games partners with Luckydays
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Malta-based slot supplier Booming Games have launched their slots on Lucky Days Casino. Booming Games’ slot portfolio comprises of more than 60 HTML5 slot games including popular titles like Booming Seven Deluxe, VIP Filthy Riches, Gold Vein and latest release Dragon’s Chest. Booming Games release up to two new games per month. Soon to be released are Chicken Party, Hooked and Wild Energy.

“We are delighted to partner with Lucky Days Casino” said Frederik Niehusen, Chief Commercial Officer at Booming Games. “Lucky Days Casino is the next valuable addition to our constantly growing network of operators. 2019 has been a very successful year for Booming Games with even more to come in 2020. We are looking forward to a fruitful partnership with Lucky Days”, he added.

Booming Games was an obvious partner to include in our mission to build a wide range game offer suitable to new and experienced players. Look and feel is key in today’s competitive market of game studios and we are looking forward to adding their content to our existing portfolio of +1,000 titles. Andre Swedberg, CPO”

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