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Globex Appoints New Chief Strategy Officer

George Miller

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Globex Appoints New Chief Strategy Officer
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GlobexUS Holdings Corp., parent of Horizon Globex US, LLC, is pleased to announce the appointment of tech industry veteran Mitch Edwards as its Chief Strategy Officer.  Globex is a leading blockchain-based securities technology, compliance and trading company that has developed proprietary blockchain software for use in U.S. and international capital markets.  Its innovative products automate the issuance of smart securities (aka “security tokens”), compliance with complex regulatory and custody requirements, and trading and liquidity on a blockchain securities exchange.

As the tokenization of assets increases in frequency and amount on a global scale, Globex is positioned to become the leading suite of software with appropriate regulatory licenses for compliant issuance, custody and trading of smart securities.  The Company’s product suite includes:

·         Tokenetics, a Software-as-a-Service Ethereum ERC-20 digital securities offering “DSO” platform for U.S. and international businesses, fully integrated with KYCware;

·         KYCware, a compliance-focused investor on-boarding KYC and AML app for digital securities offerings, custody and secondary trading, fully integrated with CustodyWare;

·         CustodyWare, a U.S. registered Transfer Agent ERC-20 securities custody technology aligned with SEC Regulation D 506(c) holds, affiliate trading as well as a complete dividend/profit-share paying-agent facility.

Mitch will be responsible for supporting and implementing Globex’s overall global growth strategy and will lead various phases of the business including general corporate and business development, blockchain securities compliance, and expansion of the secondary market for digital securities.

“Mitch has extensive experience in both capital markets and building blockchain businesses, with experience across the blockchain digital securities value chain,” said Brian Collins, Globex CEO. “His experience covers investments in blockchain technologies and exchanges from early stage through project development and operations, to sales and marketing and end users, which will be a hugely important asset to our Company as we continue to pursue our strategic priorities.”

Before joining Globex, Mitch held executive positions at several prominent late-stage private and public blockchain and internet companies.  He is currently CFO of Chia Network, Inc., which is developing a novel blockchain-based digital currency that is eco-friendly and “green,” and he was recently CFO of Core Scientific Inc., a leading blockchain infrastructure company.  Prior to Core, he was acting CEO of Overstock.com and made significant investments in blockchain technologies and exchanges.  At Overstock, he oversaw the registered offering of Overstock’s preferred blockchain securities, as well as development of the tZERO digital securities exchange.  Previously, Mitch was CFO & General Counsel for Razer Inc. and Skullcandy Inc., responsible for their IPO’s, and was also CFO & General Counsel for BitTorrent, Inc., a dominant distributed computing internet software company with a global presence.

Prior to his service as CEO & CFO of hi-tech and internet companies, Mitch was a partner at Brobeck, Phleger & Harrison in Los Angeles and San Francisco, where he specialized in IPOs, venture capital, M&A and international business transactions.  He started his career at Shearman & Sterling in New York and San Francisco.  Mitch holds a J.D. from Stanford Law School and received a B.A./M.A. in Jurisprudence and International Business Law from Oxford University, where he was a Marshall Scholar.  Mitch also holds a B.A. in economics from Brigham Young University, where he was Valedictorian.  He has also worked at the White House, and in the United States Supreme Court.

About Horizon Globex US, LLC:

Globex is a blockchain software business specialized in the Regulation D and Regulation S compliant tokenization of assets. Globex offers a complete securities primary issuance solution using Tokenetics.com, investor KYC/AML using KYCware.com, U.S. transfer agent custody using CustodyWare.com and compliant secondary trading on ERC-20 blockchain exchanges.

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Nederlandse Loterij Appoints Sven Kramer as Brand Ambassador

Niji Narayan

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Nederlandse Loterij Appoints Sven Kramer as Brand Ambassador
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The Dutch National Lottery (Nederlandse Loterij) has appointed speed skater and four-time Olympic champion Sven Kramer as its brand ambassador.

Kramer joins the team of Nederlandse Loterij sports ambassadors in the run-up to the 2022 Olympic Games in Beijing. The deal confirms the lottery’s role as a partner of skating Netherlands and as a co-main sponsor of the Royal Dutch Skating Association (KNSB).

“Within the rich history of long track speed skating, Sven is the undisputed number one. As a partner of TeamNL, we have of course been involved in the Olympic Games for many years and have already enjoyed his achievements a lot. He is a great sportsman with an unprecedented winning mentality, which we as a gaming organization are big fans of,” Judith Keizer, Sponsor Manager of Nederlandse Loterij, said.

“When Lotto, one of the seven game brands of the Nederlandse Loterij, was a partner of the skating team, I already worked with them a lot and I got to know the Nederlandse Loterij as a committed partner with a real heart for the sport. I look forward to the collaboration,” Sven Kramer said.

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Entain Appoints Jette Nygaard-Andersen as its New CEO

Niji Narayan

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Entain Appoints Jette Nygaard-Andersen as its New CEO
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Entain plc has appointed Jette Nygaard-Andersen as its Chief Executive Officer with immediate effect. Jette is currently an independent non-executive director of Entain.

Shay Segev, the outgoing CEO, will remain available to Jette, the Board and management until July 8, to facilitate an orderly transition.

In addition, Rob Wood, Entain’s CFO, will have the role of Deputy CEO added to his current role with immediate effect, and Sandeep Tiku, Entain’s Chief Operating Officer, will be appointed to the Board later in the year.

Barry Gibson, Chairman of Entain, said: “We are extremely fortunate to have such an outstanding candidate and readymade CEO in Jette. She is already deeply immersed in Entain’s strategy, and clearly shares our ambition to be the world-leader in sports betting and gaming entertainment.

“Jette and I have been immensely impressed by Rob. He is extremely well regarded internally and externally, and the additional responsibilities will enable him to further develop his operational skills as well as overseeing a key tenet of our growth ambitions through M&A.

“Sandeep has been integral to the development of Entain’s unique proprietary technology platform, which is a source of significant competitive advantage. His appointment not only reflects his contribution to the success of Entain but is also aligned with our aim to have a broader range of experiences and inputs on the Board.”

Jette Nygaard-Andersen said: “I am very excited to have the opportunity of continuing the extraordinary momentum that Entain has in its existing markets, as well as helping it enter new regulated markets and reach new audiences. I am delighted that Rob has agreed to take on broader responsibilities and that the importance of our proprietary technology is recognised through Sandeep’s appointment to the Board. I am deeply wedded to Entain’s commitment to providing industry-leading levels of player protection, and to its philosophy that the most sustainable business in our industry will be the most successful business in our industry. I cannot wait to get started.”

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Dutch Gambling Regulator Imposes €600,000 Fine on Virtual Coin Gaming

Niji Narayan

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Dutch Gambling Regulator Imposes €600,000 Fine on Virtual Coin Gaming
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Dutch gambling regulator Kansspelautoriteit (KSA) has issued a fine of EUR 500,000 against the Curacao-licensed operator Virtual Coin Gaming (VCG) and a separate EUR 100,000 fine against an unnamed employee of the company for creating online games that the authority deemed to be games of chance.

VCG offered games via the websites www.futgalaxy.nl and nl.futgamer.com, which included online betting for football, hockey, and US sports, a FUT jackpot and game packs. Its online games were based on FIFA Ultimate Team (FUT), a card game that is part of the EA Sports FIFA video game franchise, in which players earned credits in the FUT video game either by purchasing these credits directly on www.futgalaxy.nl and nl.futgamer.com or by exchanging virtual currency earned in the EA Sports video game FIFA.

These game packs were a simulation of loot boxes found in the FUT-based FIFA video games in which players had the option to purchase six different packs with values ranging from 5000 to 100,000 credits. Highly rated soccer players were randomly added to the packs. Since the Dutch Betting and Gaming Act does not issue licenses for internet gaming, online games of chance are forbidden in the Netherlands.

Since 2018, in response to research that revealed a link between loot box games and gambling addiction, the KSA has focused on loot boxes, particularly in-game packs in FIFA video games.

The KSA pointed out that online games of chance violate the Betting and Gaming Act. According to the KSA, it was clear that this was a case of an unlicensed operator that specifically target Dutch consumers through the use of the Dutch language, the .nl domain extension and the use of the Dutch payment system iDEAL.

The KSA deemed the VCG game packs to be games of chance. Research carried out by the KSA in January 2019, bolstered by announcements on the websites themselves, revealed that participants generally are not able to predominantly influence their chances of receiving prizes from VCG loot boxes. The KSA also referred to a decision of the court The Hague of 15 October 2020 regarding Electronic Arts, which ruled that in-game packs (i.e. loot boxes) inside FIFA video games constituted games of chance.

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