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House of Lords Questions UK Gambling Commission

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House of Lords Questions UK Gambling Commission
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A House of Lords select committee has questioned the members of the UK Gambling Commission (UKGC) during a hearing researching “the social and economic impact” on the country.

The hearing put Neil McArthur, the chief executive of the UKGC, and Bill Moyes, the agency’s chairman, on the hot seat. The two were asked about specific details on how the gambling industry was being run and how the regulatory agency has been involved in regulating the gambling industry within the country.

Committee leader Lord Garde of Yarmouth began the questioning, asking questions about the 2005 Gambling Act. The committee leader wanted to know if the law now sufficiently serves its purpose, especially in light of how the gambling industry has grown within the UK.

Moyes agreed that the Gambling Act may be antiquated and has deficiencies, but stated that the legislation still meets its core objectives and that it will “remain broadly relevant in making sure that gambling is safe and fair, vulnerable people are protected and at stopping crime getting a hold on gambling.”

McArthur pointed out that the agency is focused on maintaining consistency in how it operates and regulates the gambling industry. He frequently pointed to “constant touchpoints,” specific markers that he believes are necessary to prevent harm related to the gambling industry, as well as in stopping crime while ensuring that gambling is conducted in a safe and legal manner.

During the appearance, McArthur continually touched on the point of consistency, addressing the need to “balance the consumer choice of an industry in which 24 million people gamble in the U.K., against the fact that gambling harm is a problem for a significant number of people, 340,000 according to our latest statistics with a further 5 million marked as vulnerable.”

The committee focused on questions related to media skepticism of how the UKGC has been governing the industry. They highlighted specific instances of gambling problems and how the committee has been criticised for being much more “reactive rather than pro-active” in their actions.

“The Strategy has been a much tougher approach to compliance and enforcement. This was deliberate at changing the behavior of operators since we had seen too many instances of failures being repeated,” McArthur said.

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Fast Track welcomes PolarLotto: taking online lotto in Sweden to new heights

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Malta, 28th March 2024 – PolarLotto, a leading provider of lotto betting services in Sweden, has just announced a strategic partnership with Fast Track, a leading provider of CRM solutions designed specifically for the iGaming industry. This collaboration aims to propel PolarLotto’s expansion from offline to online offerings, bringing the excitement of the world’s biggest lotteries to Swedish players in a safe and responsible manner.

PolarLotto prides itself on its commitment to transparent and ethical gaming practices, with a focus on player safety and responsible gaming. By teaming up with Fast Track, PolarLotto aims to leverage cutting-edge technology to expand its business model from traditional to online, ensuring a seamless and engaging experience for its customers.

Commenting on the partnership, Benjamin Burstein, CEO of PolarLotto, expressed enthusiasm about the possibilities ahead, stating, “We are excited to embark on this journey of transforming our business with the latest technology and automation tools provided by Fast Track. As we transition to the online space, we are confident that Fast Track’s expertise in custom segmentation, real-time data capabilities, and personalised experiences will enable us to better serve our players and achieve our business objectives.”

Fast Track also expressed confidence in the partnership, highlighting the potential for exceptional results through its Singularity model, which uses AI and machine learning to deliver tailored content to players, at the right time and through the most effective channel. “We are thrilled to partner with PolarLotto and support their online expansion,” said Simon Lidzén, CEO and co-founder of Fast Track. Our tools are designed to empower lean teams to achieve remarkable results, and we look forward to helping PolarLotto maximise their online presence and engagement.”

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Red Bull Gaming premieres ‘Memories of CS:GO’ documentary highlighting the game’s early years

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As the CS2 PGL Major in Copenhagen is set to kick off, Red Bull Media House will unveil a captivating feature-length documentary, “Memories of CS:GO – The Early Years,” an ode to one of the most influential games ever made.

This film takes viewers on an immersive journey through the origins and evolution of Counter-Strike: Global Offensive (CS:GO), featuring personal accounts and defining moments from several of the most legendary figures of the game.

The 90-minute documentary, narrated by Counter-Strike commentator Henry “HenryG” Greer, chronicles the remarkable trajectory of CS:GO, from its grassroots beginnings to becoming a global esports phenomenon.

Produced by Red Bull Media House, the film captures the essence of the game through the eyes of its most well known players, including Olof “olofmeister” Kajbjer Gustafsson, Patrik “f0rest” Lindberg, Richard “shox” Papillon, Gabriel “FalleN” Toledo, and Jarosław “pashaBiceps” Jarząbkowski, among others.

The documentary’s release is timed to precede the playoff stage of the PGL Major Copenhagen, scheduled for March 26, 2024. It will premiere on Red Bull Gaming’s YouTube channel at 21:00 CEST, offering viewers worldwide an insider’s perspective on the beloved game.

Event Details:

  • What: Premiere of “Memories of CS:GO – The Early Years”
  • When: March 26th, 2024, at 21:00 CEST
  • Where to watch: Red Bull Gaming’s Youtube Channel
  • The “CS:GO Memories” documentary can be viewed shareit.redbull.com

 

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Ten Square Games ready for a new development opportunities in 2024

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2023 ESPI package

The following documents in pdf format are equivalents of the official Consolidated Financial Statement which were reported in ESPI (download in the zip file above)

2023 Consolidated Financial Statement

2023  Management Board Report on Activities

Independent Auditor’s Report on the Audit of Annual Consolidated Financial Statements

Link to the stream

Link to the chat with individual investors

Presentation

Factsheet

Financial data

Transcription of the conference and Q&A session

For complete press release visit tensquaregames.com

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