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Thimba Media Enter Swedish Casino Market Following Launch of Nyanatcasinon.se

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Thimba Media Enter Swedish Casino Market Following Launch of Nyanatcasinon.se
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Thimba Media Ltd. (Thimba Media) will enter Sweden’s soon to be regulated online casino market as it launches Nyanatcasinon.se. Nyanatcasinon.se is an online casino portal which serves Swedish gamblers. It will focus on reviewing newly regulated online casinos which are granted Swedish licenses in January 2019. Following suit with Thimba’s current portfolio of sites, Nyanatcasinon.se will offer high-quality reviews, comparison products and general information about online gambling in Sweden.

Thimba is set to shape its future growth strategy in the European regulated market since the recent acquisition of Betopin.com . Thimba recognises these regulatory changes in Sweden as ‘game-changing’ for its strategic position in Europe.

Speaking on these regulatory changes, Thimba CEO Chris Russell said: “We expect the regulation of Sweden to be central to our strategy for expanding in the European Markets for 2019. The Swedish market is one of the best iGaming markets in Europe. Regulatory stability will be good for businesses and players. We will focus on regulated markets with a strong position across Europe for the next number of years. Just like many of our competitors, we are eagerly awaiting the news of which iGaming Operators are granted licenses to trade in Sweden. Our goal is to build relationships with these regulated operators.”

“I hope this portal, along with our other assets will help give players the right information to navigate their way through the newly regulated Swedish market.” – Chris Russell, CEO

 

About Thimba Media:
Thimba is an innovative start-up company within iGaming and lead generation. Established in 2016, today Thimba operates a diverse portfolio of lead generation sites across Europe. The groups aim is to grow through a combination of strategic acquisitions and internal innovation. Thimba employs some 35 people. For more information visit thimbamedia.com

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ICE X World Gaming Gala to open biggest ever celebration of the global industry

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Clarion Gaming has announced details of the ICE X World Gaming Gala, an exclusive invitation-only evening event being held on Sunday January 19th at the Museu Nacional d’Art de Catalunya.

The World Gaming Gala will mark the historic relocation of ICE and iGB Affiliate to the Catalan capital and will bring together 600 of the most influential figures from the global industry and the city of Barcelona for an evening of glamour, anticipation, and excitement. The ICE X World Gaming Gala will also incorporate the historical WRA event, traditionally held on ICE’s first day.

Clarion Gaming Managing Director Stuart Hunter believes the World Gaming Gala is the perfect way to begin what will be a week-long celebration encompassing all sectors of the international business.

He stated: “Our relocation to Barcelona is an historic event and we want to mark the occasion with a spectacular evening of hospitality and networking in the National Art Museum of Catalonia in Montjuïc Hill with its stunning views across our new host city.

“The ICE X World Gaming Gala is the flagship event taking place on what we are referring to as Day Zero which will feature a dynamic schedule of social events, cultural experiences, wellness activities, and business functions enabling visitors to network, connect and explore Barcelona ahead of both shows opening on 20 January.

“We have created a spectacular start to the week, paving the way for our visitors to experience ICE and iGB Affiliate Barcelona alongside the hundreds of events based throughout the city of Barcelona, the new home to the global gaming community.”

 

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Q3 2024 Milestone: Bingo Paradise Achieves Best-Ever Quarterly Performance

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Bingo Paradise has set a new benchmark for success, achieving its best quarterly performance ever in Q3 2024.
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Bingo Paradise has set a new benchmark for success, achieving its best quarterly performance ever in Q3 2024. This milestone was driven by a remarkable increase in first-time depositors (FTDs), underscoring the platform’s ability to deliver outstanding results in the UK iGaming market. The growth reflects the affiliate’s dedication to transparency, compliance, and creating value for players and operators alike.

“Q3 2024 has been a standout quarter for Bingo Paradise,” said Tom Waite, Manager of Bingo Paradise. “Our success is thanks to the hard work of our small team of talented writers and the oversight of our dedicated compliance manager. Together, they ensure that we provide honest, transparent reviews and operate within the highest industry standards. This, combined with our marketing efforts, including SEO and negotiating exciting player offers with operators, has been key to sending substantially more FTD’s to the operators.”

The 65.24% year-on-year growth in FTDs compared to Q3 2023 is a clear testament to the affiliate’s ability to adapt to the evolving needs of the market. Bingo Paradise’s honest, detailed reviews have played a crucial role in this success, helping players make informed choices while ensuring that all content meets the stringent requirements set by the CAP Code. Its compliance manager works diligently to ensure the platform operates at the highest standards.

Exclusive and personalised offers have also been pivotal to the platform’s appeal. By partnering with UKGC-licensed operators, Bingo Paradise is able to promote deals that provide genuine value to players. These partnerships reinforce the platform’s reputation as a trusted resource for players and a dependable affiliate partner for operators.

This record-breaking quarter highlights Bingo Paradise’s capacity for innovation and growth. The company’s success lies in its ability to balance player needs with operator expectations, delivering results that benefit all stakeholders. As the iGaming market continues to evolve, Bingo Paradise is well-positioned to maintain its leadership and build on its impressive Q3 performance.

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Compliance Updates

Gaming Control Board (GCB) Statement on Allegations Regarding Curaçao’s Licensing Reforms

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The Gaming Control Board (GCB) took notice of a recent complaint made regarding the National Ordinance on Games of Chance (LOK) reform process and the integrity of Curaçao’s licensing regime and wishes to state as follows.

Authority to issue licenses

In pursuance of the National Ordinance on Hazard Games (NOOGH), the Governor is authorized to grant licenses for operating hazard games on the international market via service line providers. This authority was mandated to the Minister of Finance in December 2019, who subsequently mandated this authority to the GCB in March 2020, followed by an amendment in November of 2023. Hence, the GCB has the authority to grant, amend, suspend temporarily, revoke, or deny licenses, as well as attach terms and conditions to licenses. The allegation that the GCB lacks the legal authority to grant license is therefore incorrect.

The licenses granted on the basis of the NOOGH are not provisional licenses. Any applicant whose application is approved will be issued a license.

When the new regulatory framework (LOK) is enacted and comes into force, NOOGH license holders will automatically be granted a provisional license based on the LOK. This allows them up to one year to comply fully with all LOK requirements as a transition period.

Comprehensive Licensing Process

Under the current regime, GCB has established a multi-phase license assessment process.

License applications undergo completeness checks for the required documents, due diligence on decision-makers including sanction screening, review of the business plan and initial evaluation of the websites.

At each stage, communication with the applicant is facilitated via the GCB online portal resulting in absolute transparency, and real-time checklists are available to every single applicant.

This assessment process concludes with a report, based upon which the GCB executive team decides whether to grant or deny a license. The applicant can follow this process through the portal. The application and monitoring processes are largely manual but are supported by technology. Currently, there is little to no use of AI by the GCB, although going forward it would be remiss not to incorporate emerging technologies where it adds value. This licensing process is managed by the GCB with the support of its team of advisors.

Fee Payment

Once licenses are approved, invoices are issued by the GCB and the operators pay their fees directly into an official government bank account and not via the online gaming portal. There is no scope for mismanagement. The assertion that funds may have been embezzled is therefore not correct. Once the payment has been received the license will be granted by the GCB.

Foreign Violations

Operators are responsible for ensuring compliance with the legal requirements of all jurisdictions in which they operate. Violations are addressed by competent foreign authorities. The GCB does not have the jurisdiction to oversee or intervene in alleged breaches of foreign regulations. In this context, the GCB relies on formal decisions issued by competent foreign authorities. Enforcement actions taken by the GCB depend on factors such as the severity of the violation.

Player Complaints

Player complaints handling is the responsibility of the online operators, based on their terms and conditions, which are reviewed by the GCB. Under the LOK, Alternative Dispute Resolution (ADR) will be made mandatory to ensure more independent evaluations. Complaints received from players and future reports from ADR entities will be used as inputs in the GCB’s risk-based supervision process.

Experienced Team

In the interest of effectively implementing the new policy, the GCB collaborates with global experts, including reputable consultants with extensive experience in regulated gaming jurisdictions. All these engagements are in compliance with GCB’s internal policies.

Bankruptcy Declaration: BC.Game

Due to confidentiality obligations, the GCB will not comment on specific details of this case. The issue involves a dispute between the website (BC.Game) and certain players. Bankruptcy was declared because Small House/Blockdance failed to pay players due to the dispute, leading to the court’s declaration of bankruptcy. However, this bankruptcy is administrative (based on a civil law statute in Curacao) and is not due to insolvency. A trustee has been appointed to handle the estate and ensure payments to players. The GCB is consulting with the regulated entity involved to determine appropriate regulatory measures.

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