Sumsub Named SaaS of the Year at the 2023 SiGMA Eurasia Awards
Sumsub, an all-in-one verification platform with global coverage, was recognized as the SaaS of the Year at the renowned SiGMA Eurasia Awards 2023, after a vote by iGaming players and professionals. The awards ceremony took place this week in Dubai, and raised a record €242,600 for charity.
SiGMA is a worldwide iGaming company known for hosting events and conferences bringing together professionals, stakeholders, and innovators to discuss the industry’s latest trends, advancements, and concerns. The company also publishes industry news, insights on new technologies, and analysis of online casinos and sports betting.
Sumsub provides customizable KYC (know your customer), KYB (know your business), AML (anti-money laundering) and transaction monitoring solutions, helping businesses orchestrate their verification process, welcome more users worldwide, speed up onboarding, reduce costs and steer clear of digital fraud. Sumsub achieves the highest conversion rates in the industry—95.86% in the UK, 96.46% in Japan and 90.09% in the UAE—while verifying customers in less than 50 seconds on average. With over 2,000 clients across the gaming, fintech, crypto, and trading industries, Sumsub has a team of compliance experts ready to consult businesses on regulatory specifics worldwide.
“We are honored to be recognized as SaaS of the Year by SiGMA, the acclaimed global iGaming authority. Sumsub’s gambling and compliance experts work hard every day to share their knowledge and skills with industry players, promoting fair and responsible gambling. Being chosen as the winner of the SiGMA Eurasia Awards will further our mission to contribute to a safer online environment for both players and betting platforms.” comments Andrew Sever, co-founder and CEO of Sumsub.
Earlier this year, Sumsub launched an online course for gambling platforms together with Casino Guru, an independent online casino database. The course, titled “iGaming Player Verification and AML”, is available for free and focuses on user onboarding, AML/KYC requirements and gambling compliance.
EGT Digital Signs Agreement with Adjarabet
EGT Digital’s games are live on the betting site of one more reputable operator in Georgia. At disposal to Adjarabet’s clients are all 70 titles of the top sellers Bell Link, High Cash, Clover Chance, the 5 Single progressive jackpots, as well as the brand-new multiplayer proposition xRide.
Tsvetomira Drumeva, Head of Sales at EGT Digital, said: “We are very happy that in a short period of time we have been able to prove ourselves as a stable and trusted provider in the country and Adjarabet’s decision to integrate the whole gaming content of ours to its high-rated online casino is a convincing proof of this. I believe that our titles will demonstrate an excellent performance, including xRide, that recently has been introduced for the very first time. It received positive feedback because of its innovative concept according to which the winnings are generated by an increasing multiplier and the players are able to track in real-time the results of the other participants.”
Avtandil Oboladze, Head of Online Casino department at adjarabet.com, said: “EGT Digital’s games offer great bonuses and high chances of winning in a combination with a rich variety of themes, which makes them very attractive to our customers. I am confident that they will rank among the favorites of our visitors, and we look forward to seeing the next propositions of the Bulgarian provider.”
CT Interactive’s content certified for Georgia
CT Interactive has certified more than 190 games for the territory of Georgia. From now on, the Georgian operators will have access to the exclusive portfolio of the global casino content provider.
Dimitar Muhovski, Chief Development Officer in Georgia & Central Asia at CT Interactive, expressed his excitement by commenting: “It is a great honour for our company that such a large portion of our content has been approved for the Georgian market”. He also added that the local brands have already contacted CT Interactive’s representatives to learn about the new package of games.
The award-winning portfolio of the company includes games like Wild Clover, Win Storm, HOT 7s X 2, Bavarian Forest, Clover Party, Pot of Luck, Pot of Jewels, Lucky Clover, Purple Fruits, Big Joker, and more.
“The Georgian players will have the chance to enjoy very high-quality products. Last year, our slot game Win Storm won the Online Game of the Year Award during the BEGE Awards 2022, and we are very proud of this achievement”, said Muhovski.
During the years, the brand’s products have proven their quality and have helped more than 1,500 casinos worldwide to improve their customers’ experience. The company regularly manages to release new, exciting games.
For the past six months, new portions of CT Interactive’s content have been certified for Spain, Italy, Colombia, the Netherlands, the Czech Republic, Romania, Montenegro, Serbia, Slovakia, and Bulgaria. This action follows the company’s strategy is to increase its presence on regulated markets around the world.
Georgia Bans 1.45 Million People from Gambling
A new decree approved last year has banned well over a million people from participating in gambling in Georgia. The law, which follows the introduction of new online casino restrictions, bans under 25s, public employees, the socially vulnerable and those blacklisted by courts from gambling.
Minister of finance Lasha Khutsishvili said 1.45 million citizens are now banned from gambling, including people who are self-excluding. The new law came into effect this month after being approved by prime minister Irakli Garibashvili last year.
Last month, Garibashvili approved another batch of restrictions to tighten the country’s gambling laws. One of the measures will be to ring-fence online casino licences so they can be held only by land-based casinos based in Georgia.
That would make Adjara Group, Crystalbet and Iveria the only operators that can hold online casino licences. However, in addition, the government plans to offer a licence for exclusive rights to operate online casino for a fee of €1.6m.
Last year, the government presented plans to introduce separate gaming licences for specific verticals so that operators would no longer be able to expand into different verticals with no need for an additional permit. The annual permit fees for each of the business types (online casino, slots and betting) were to be set at €35,580.
All gambling advertising on TV, websites and public places has also been banned, and gambling taxes have been raised. Another batch of measures that are expected to be imposed includes a ban on casinos on ships.
The government says the measures are designed to bring the country in line with the EU expectations as it seeks to enter the bloq, although there is no EU ban on gambling advertising or prohibiting certain people from participating.
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