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Bingoal continues IBIA membership growth

George Miller

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Bingoal continues IBIA membership growth
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Belgian-based retail and online gambling company Bingoal has joined the International Betting Integrity Association (IBIA). It will see the operator incorporate its sportsbook operation with IBIA’s global betting integrity monitoring and alert platform. Bingoal will share information on suspicious betting with around 85 other leading betting brands, further expanding the scope of the world’s largest betting integrity platform. It becomes the fifth new member to join IBIA in 2020, following five new members in 2019.

Khalid Ali, IBIA’s CEO said: “Bingoal is a very welcome addition to IBIA’s monitoring and alert platform and increases the association’s global regulated market oversight. The operator adds both retail and online intelligence capacity, with the former often being overlooked in the wider integrity data gathering debate. It is very pleasing that responsible operators such as Bingoal continue to recognise the importance of integrity and see IBIA as their preferred partner.”

Joeri Impens, CEO of Bingoal said: “As a socially responsible business, Bingoal recognises that maintaining the integrity of our sportsbook product is an essential pillar of our commitment towards protecting our customers and the sporting events on which we offer markets. IBIA is the world leader in this area and its global operational focus and capacity to protect its members’ businesses was an important factor in our decision to join the association.”

The International Betting Integrity Association is the leading global voice on integrity for the licensed betting industry. It is run by operators for operators, protecting its members from corruption through collective action. Its monitoring and alert platform is a highly effective anti-corruption tool that detects and reports suspicious activity on its members’ betting markets. The association has longstanding information sharing partnerships with leading sports and gambling regulators to utilise its data and prosecute corruption. It represents the sector at high-level policy discussion forums such as the IOC, UN, Council of Europe and European Commission.

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Comtrade Gaming and ALOT Solutions Enter Strategic Partnership

George Miller

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Comtrade Gaming and ALOT Solutions Enter Strategic Partnership
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Collaboration to drive business evolution in numerous markets.

Comtrade Gaming, a leading i-gaming platform supplier, announces a strategic partnership with ALOT Solutions. The deal sees ALOT Solutions making its Prize Cover and lottery Games available as a bundled solution to new operators via Comtrade Gaming’s i-gaming platform (icore).

“Lottoland is the No.1 brand in lottery betting and via ALOT Solutions, our B2B business, we are continually expanding our reach. Partnering with Comtrade Gaming will allow us to work with other operators in new markets to provide our compelling games with huge jackpot prizes” explains Mike Carruthers, CEO of ALOT Solutions.

The state-of-the-art i-gaming platform, which recently added a cloud-deployed option, is capable of thousands of bets per second, automates real-time bonusing features and collects player data to intelligently respond to individual consumer profiles.

“The partnership with ALOT Solutions is a fantastic win for Comtrade Gaming and a first of its kind”, said Steven Valentine, Director of Interactive. “ALOT Solutions is the biggest name in prize cover lottery and this deal enables us to offer these lottery products to our top tier operators via a partnership they can trust to deliver.”

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Chinese Police Arrest EOS Gambling dApp Team, Seize $3.8 Million in Crypto

Niji Narayan

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Chinese Police Arrest EOS Gambling dApp Team, Seize $3.8 Million in Crypto
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The Chinese police in the city of Yancheng in Jiangsu province have arrested a group of developers behind a decentralised gambling app on the EOS network.

The Jiangsu police announced that it arrested 15 people and subsequently confiscated 1.3 million units of EOS and BTC that are worth a combined 26 million yuan, or $3.8 million.

The police said this is the first criminal case that it cracked down on that used smart contracts to operate illegal online gambling businesses inside China.

The dApp, called Biggame, allowed players to use EOS smart contracts to place bets on various games such as Dice and Texas Hold’em. Between June 2018 and December 2020, the team behind Biggame allegedly profited from the operations with crypto assets worth 60 million yuan, or nearly $10 million, law enforcement officials said.

The arrest is the latest example of Chinese law enforcement’s wider “Internet Cleansing Movement” that aims to crack down on any illegal online activities, from gambling and Ponzi schemes to telecommunication fraud and money laundering.

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Gaming Innovation Group terminates agreement with European Media Group

George Miller

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Gaming Innovation Group terminates agreement with European Media Group
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Gaming Innovation Group Inc. (GiG) has today agreed to terminate the platform agreement with a European media group that was entered into in December 2020, ref. announcement from 7 December 2020.

Wholesale changes in strategy on the media group’s approach towards operating on their own license has created a situation where the partnership was no longer viable for either party to move forward. GiG took the decision in late 2019 to not support the white label model going forward and given this shift by the client, GiG has accepted to terminate the agreement.

The termination will not impact the Company’s financial forecasts for 2020 or the long-term financial targets. The current client onboarding program and continuing depth in the sales pipeline remains strong.

Richard Brown, Chief Executive Officer of GiG says:
“The change in strategy has led to an impasse for us to move forward together. While unfortunate to terminate this agreement, we wish them well and we continue to move forward on a multitude of our own opportunities”

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