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888poker Recovers Almost $300K from Bot Accounts in Past Year

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888poker announces it is on track to return almost $300,000 of refunds to its players in 2022, having recovered more funds from accounts aided by artificial intelligence than in any other year.

Using sophisticated and innovative methods of detection, 888poker has continued to make progress in tackling the issue of bots, which use software programming to create unfair advantages over real-life players. During the first few months of 2022, 888poker has already refunded $80,858 to 1390 players, taking the total amount refunded to players since 2021 to almost $300,000.

This progress has been driven by 888poker’s increased investment in improving its detection capabilities since the implementation of this new technology, as part of its broader efforts to ensure a safe, fair and enjoyable poker experience for all of its players. Over the course of 2021, 888poker increased the headcount of its team focused on fair gaming, further developed its tech monitoring software, and hired a number of leading data scientists and professional poker players to work alongside the team to detect bots and Real Time Advisors (RTA).

“Our continued progress in tackling bots is crucial in ensuring that 888poker continues to provide an enjoyable, safe, and level playing field for all of our players. This has been driven not only by our increased investment in our detection capabilities but also through the continued support and cooperation of our players, who have an important role to play in helping provide us with vital information about players they think are using AI and RTA. We will continue to do all in our power to ensure we keep poker fun and fair, as part of our Made to Play strategy, and listening to our players will be a key factor to progress on this front,” Matan Krakow, Poker Offering Group Manager at 888poker, said.

Industry News

ULIS Elects New President and Executive Committee

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ULIS has elected new President and Executive Committee for the 2023-2025 term during its General Meeting in Sibenik, Croatia, on June 6.

The new President, Gilles Maillet, brings a profound knowledge and expertise in the area of work carried out by ULIS. He has been Director of Sports Integrity at La Française des Jeux (FDJ), France, for almost six years, and a member of the ULIS Executive Committee for four.

In these combined roles, Gilles Maillet has actively contributed to ULIS development, broadening its collaboration with key sports and public stakeholders, at national and international levels, including among others, the Council of Europe, IOC, FIFA, Interpol, ITIA and UEFA.

Additionally, as a member of the French national Platform, working to combat the manipulation of competitions, FDJ has initiated preventative actions with several sports federations and clubs, which have been a source of inspiration for developing the awareness-raising strategy of ULIS, adapted to the context of each member country.

The Executive Committee (2023-2025)

Enhancing global expertise in lotteries and sports betting sector, the new committee comprises:

  • Gilles Maillet (Chair), Director of Sports integrity, La Française des Jeux, France
  • Stéphane Fraser (Vice-Chair), Executive VP and Chief Operating Officer of Gaming Establishments, Loto-Québec, Canada
  • Chee Wend Lam, Chief Executive Officer, Singapore Pools, Singapore
  • Jens Nielsen, Sports Betting, Director, Danske Spil Denmark
  • Younes El Mechrafi, Chief Executive Officer Marocaine des Jeux et des Sports (MDJS)
  • Chris Lo, Head of Trading The Hong Kong Jockey Club, Hong Kong, China
  • Ales Vesely, Chief Executive Officer, SAZKA a.a. Czech Republic
  • Lemeng Wang, Board Director China Sports Lottery Operation Co., Ltd, China.
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Industry News

BMM Testlabs Reports Robust Growth in CY 2022

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BMM Testlabs has announced that its calendar year 2022 financial results surpassed all expectations and that momentum has continued into 2023.

Martin Storm, CEO of BMM Testlabs, said: “I am grateful for the hard work of our wonderful staff all around the world who grew all our businesses to record results.

“We enjoyed particularly strong growth across all regions where we added more than 100 new customers to an already substantial portfolio.

“Our digital business has flourished in Europe, Africa and the US over the last three years and our land-based business continues to grow with very large customers, extending our share in the US, Canada and Australia.

“While BMM dominates key international markets, it is reaching a tipping point in the US and European testing markets as gaming market access completes.”

Storm continued: “In CY2022, BMM’s TIC revenues grew 18.6 per cent year on year and EBITDA grew 37.7 per cent year on year, both to record levels.

“BMM’s global market reach and 15 international locations means we compete for nearly every gaming certification deal and we win a high percentage at appropriate margins.

“Continuing our momentum through Q1 2023, TTM revenues grew 19.8 per cent year on year and EBITDA grew 58.2 per cent year on year.

“We remain confident that BMM share will continue to grow as more customers migrate towards high quality testing and certification to lower their real product costs.

“We see the gaming test lab segment consolidating further as a direct response to our success and growth. Our new testlabs in Slovenia and India are operating exceedingly well and our new lab in Brazil is ready to go when legislation finally passes.

“Most importantly for me as the CEO, we have attracted exceptional leadership and continue to retain our most experienced and best staff. We are committed to transforming the gaming lab landscape over the next 18 months as we invest heavily in the TIC segment.”

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Industry News

XLMedia Partially Disposes Personal Finance Assets for $1.3 Million

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XLMedia has announced the part disposal of the Group’s Personal Finance assets for a total cash consideration of $1.3 million (the Disposal). The Disposal comprises domains and websites including Investor Junkie, Greedy Rates and Young and Thifty owned by XLMedia Publishing Limited and Webpals Systems SC Limited, subsidiaries of XLMedia plc. The cash generated from the Disposal will be utilised in the day-to-day operations of the business.

The Disposal is in line with the Company’s strategy to exit non-core activities while focusing on the Group’s Sports and Gaming business, expanding its North American Sports footprint, while also refining and developing the Group’s EU Sports portfolio, and the Group’s Gaming assets in selected markets, including the US.

In the year ended 31 December 2022, the assets relating to the Personal Finance division generated revenues of $1.9 million and EBITDA loss of $1.3 million.

The Personal Finance assets were excluded from continuing operations as disclosed in the Company’s year ended 31 December 2022 results and have no impact on earnings in the current financial year.

Following the sale of these assets to MPD Media, the process to sell the remaining Personal Finance assets is at an advanced stage, but there is no certainty that a transaction or transactions will complete.

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