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Representatives of the Ukrainian IBOX BANK and LEO IPS took part in the ICE London 2023 conference

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On February 7-9, the management of IBOX BANK and the LEO International Payment System (IPS) participated in one of the largest exhibitions of the payment industry held in London. It is worth noting that ICE London is a leading global event in the field of gaming, attended by hundreds of companies serving the entire sector. For three days in a row, participants of the event use it to discover innovative solutions, technologies, and networking opportunities. This event brings together solution providers and gaming professionals from all key industries.

“We have been actively participating in ICE London for six years in a row, and the current wartime is no exception. This is a platform for finding partners, combining the possibilities of developing approaches and innovative payment solutions, finding reliable contractors, and sharing experiences. Within a month after the exhibition, our team is always busy processing new applications and integrating with partners. Such an event creates a lot of new opportunities,” says the CEO of LEO IPS and a shareholder of IBOX BANK, Alona Shevtsova.

In 2023, 35,000 participants from 150 countries visited ICE London. This international event featured more than 650 brands working in various sectors: From game development and eSports to payment infrastructure and mobile application development. ICE London was created exclusively for the gaming industry. Interestingly, this community has been formed over the past 20 years.

The following companies become the main sponsors of the event: Nuvei fintech project from Canada, WorldPay global payment technology provider, JCM Global transaction giant, and many others. IBOX BANK and LEO IPS have already submitted their applications to participate in the upcoming ICE London 2024 conference.

Gambling in the USA

Gaming Americas Weekly Roundup – February 26-March 3

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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

Fanatics Betting and Gaming launched the Fanatics Sportsbook & Casino in Michigan. Sports fans living in and visiting Michigan will be able to download the Fanatics Sportsbook on iOS and Android and begin their Fanatics Sportsbook and Casino experience. Michigan marks the thirteenth state for the Fanatics Sportsbook and third state for Fanatics Casino.

Apple has introduced Apple Sports, a free app for iPhone that gives sports fans access to real-time scores, stats and more. Designed for speed and simplicity, the app’s personalised experience puts users’ favourite leagues and teams front and centre, featuring an easy-to-use interface designed by Apple. Apple Sports is available to download now in the App Store in US, UK and Canada.

MGM Resorts International has been recognised for leadership in corporate transparency and performance on climate change by global environmental non-profit CDP, securing a place on the organisation’s annual A List. MGM Resorts is one of just 347 companies that received the prestigious ‘A,’ out of more than 23,000 scored, placing it in the top 0.015% of reporting companies.

The Massachusetts Gaming Commission has issued a $40,000 fine to Encore Boston Harbor as a result of Encore’s sportsbook accepting wagers on two events involving a collegiate team based in Massachusetts not competing in a tournament. These wagers are prohibited under Massachusetts General Law Chapter 23N Section 3, MGC regulation 205 CMR 247.01(2)(a)(2) and the Massachusetts Sports Wagering Catalogue. The Commission issued the fine following an Investigation and Enforcement Bureau investigation and an adjudicatory hearing in which the operator participated.

FanDuel Group has appointed E. Sequoyah Simermeyer to the newly established position of VP of Strategic Partnerships. Simermeyer boasts a distinguished career in public service, where he most recently served as the Chairman of the National Indian Gaming Commission. In his new role at FanDuel, Simermeyer aims to play a crucial part in leading the company’s initiatives to cultivate sustainable commercial relationships across the US, with a specific focus on promoting economic development that supports tribal sovereignty.

Partnerships

SCCG has announced a strategic partnership with Major League Rugby that aims to identify sports betting partners and leverage opportunities in the regulated gaming industry. As MLR continues to cement its status as the premier rugby competition in North America, SCCG will collaborate closely with the league to explore relationships with sports betting operators and capitalise on the burgeoning market for regulated sports betting.

Quick Custom Intelligence and Leech Lake Gaming announced a 3-year strategic partnership that promises to revolutionise the gaming and hospitality industry in the northern Minnesota market. This strategic alliance sets the stage for an exciting fusion of technology and hospitality, with Leech Lake Gaming at the forefront. The software deployment phase has been successfully completed, and Leech Lake Gaming’s dedicated host team is currently undergoing intensive training.

PrizePicks announced a new partnership deal with the Dallas Stars. Marking its first official relationship with an NHL franchise, PrizePicks will be featured on local telecasts of Stars’ games via commercials and will be able to offer special VIP experiences to fans.

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Compliance Updates

Gammix Limited slams “outrageous and unsubstantiated” €19.7m KSA penalty

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The operator vows to fight on all fronts against the Dutch regulator’s ‘unjust’ ruling.

Gammix Limited has announced its intention to contest the “outrageous and unsubstantiated” penalty handed to them by the Netherlands Gaming Authority (KSA).

In response, Gammix stated that the record €19.7m penalty imposed is based on “falsified data, extreme inaccuracy and highly suspect mathematics”.

In the ruling the regulator said that Gammix was adjudged to have allowed online gambling access for Dutch consumers, as well as not requiring age verification upon sign-up – something the company wholeheartedly disputes.

Gammix reports that accounts used to access its sites during the investigation were created in Luxembourg, with deposits made via credit card. Gammix added that such action violates the sites’ terms and conditions, specifically the provision of false information upon sign-up.

The operator asserts that the penalty, totalling €19,679,000, has been calculated using figures from a proprietary web-traffic aggregation service and a multiplier of 240 Euros per click. Gammix believes this would show turnover that doesn’t exist.

Furthermore, Gammix strongly condemns the KSA’s “mystery shopper” style of investigation, which, the operator states, is an unjust basis for this record-breaking penalty.

Phil Pearson, Director of Gammix Limited, has vowed to “fight on all fronts until it receives an apology and retraction!.

He said: “The KSA has imposed upon our company a penalty that is both outrageous and unsubstantiated. Now that we are able to talk openly about the case, we can confirm that we are fighting on all fronts as, to us, this is an extraordinary and unnecessarily heavy-handed action from a regulator that many already regarded as unapproachable.

“When we received the first notice of a possible penalty, we reached out to them to say we have blocks in place. We also asked for any information they had that was material to the investigation, to ensure we remained in compliance with all guidelines  – a request they appeared to ignore. Our lawyers also approached the regulator, in writing, to gain more information, but again no response was forthcoming.

“We had enabled a block on Cloudflare for any Dutch IP, we have no Dutch language or direct Dutch payment methods, and categorically do not target Dutch traffic. If affiliates list any of our brands on Dutch-facing sites, we cannot be held responsible for those promotions. However, once players reached the end site, they would not be able to register an account.”

Pearson concluded: “This fine is an absolute joke, and we will contest this in every possible way, at every possible turn. We will only rest once this outrageous penalty has been rescinded and we have received the apology we deserve.”

 

 

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Latest News

MiFinity Recognised for Information Security Excellence with ISO 27001 Certification

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MiFinity, an award-winning eWallet provider, proudly announces the achievement of ISO 27001 certification, a testament to its unwavering commitment to safeguarding sensitive information.

The attainment of ISO 27001 marks a significant milestone in MiFinity’s journey, underscoring its dedication to maintaining the highest standards of information security management. Following months of rigorous assessment and preparation, the payment services company has successfully demonstrated its adherence to the internationally recognised criteria, ensuring the confidentiality, integrity and availability of information across all operational domains.

The Chief Executive Officer for MiFinity, Paul Kavanagh, emphasised the significance of this achievement, stating: “Attaining ISO 27001 certification underscores MiFinity’s commitment to preserving the integrity of data and maintaining robust information security protocols across our operations. By doing so, we will further strengthen our resilience and ensure the ongoing protection of our valuable assets. I extend my sincerest congratulations to our entire team for their collective efforts in realising this significant milestone, which reflects our relentless pursuit of excellence.”

The Information Security Manager for MiFinity, Alan Ludden, commented further on this achievement, stating: “ISO 27001 certification not only validates our proactive approach to managing information security risks but also reinforces our credibility and trustworthiness in the eyes of our customers, partners, merchants and stakeholders. It positions us as a reliable custodian of their confidential information, further enhancing our competitive edge in the payments market. This was a team effort and wouldn’t be possible without the dedication and collaboration from across the company.”

ISO 27001 is the internationally recognised standard for information security management. It provides a framework for organisations to establish, implement, operate, monitor, review, maintain and continually improve an information security management system (ISMS). By implementing its best practices, organisations increase their security posture protecting them from cyber threats and enhancing data protection.

Looking ahead, MiFinity will continue to uphold the principles of ISO 27001, continuously improving its information security management system and staying abreast of emerging threats and best practices.

For more information about MiFinity and its ISO 27001 certification, please visit www. MiFinity. com.

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