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iSoftBet goes live with Solverde

George Miller

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iSoftBet goes live with Solverde
Reading Time: 1 minute

 

Agreement sees Portuguese operator integrate iSoftBet’s best performing content and 3,000+ games on GAP platform

 

CasinoSolverde.pt, Portugal’s largest online casino operator, has agreed a wide-ranging content deal with iSoftBet, going live with the innovative supplier’s proprietary content portfolio of more than 150 slot and table games, and a further 3,000 titles via its market-leading Game Aggregation Platform (GAP).

The partnership will see Solverde integrate iSoftBet’s full portfolio of slots and table games, including best performing titles Hot Spin and Jumbo Stampede, as well as latest release Piñata Fiesta.

In addition, Solverde’s online customers will have access to iSoftBet’s GAP content aggregation platform enabling it to further bolster its offering by selecting from more than 3,000 slot and table games provided by the supplier’s platform partners.

iSoftBet’s GAP offers content from 46 of the largest third-party suppliers in the iGaming industry, as well as a host of advanced marketing and real-time gamification tools.

Michael Probert, Chief Commercial Officer at iSoftBet, said: “We’re delighted to have signed with such a prestigious and growing brand as Solverde, both enhancing our reach in Portugal and further increasing our regulated market presence.

“iSoftBet leads the way when entering regulated and newly regulated markets. Our games and platform are certified in 16 markets and I’m very excited with the Portugal’s growth potential.”

Américo Loureiro, Director at Solverde, said: “iSoftBet has an excellent reputation for developing high-quality games, and providing a formidable range of content via its GAP platform. We are thrilled to be partnering with them and look forward to a long and fruitful relationship.”

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling sector deemed the industry most at risk of money laundering, new research from LexisNexis Risk Solutions reveals

Zoltan Tundik

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1 in 3 (33.3%) anti-money laundering (AML) professionals in the gambling industry believe that their sector is at the highest risk of money laundering, according to a new report from global analytics provider LexisNexis® Risk Solutions. This opinion is shared by 41.9% of professionals in other regulated industries surveyed, who flagged the gambling sector as one of the top three industries most at risk of money laundering.

The report – On the Frontline: The UK’s Fight Against Money Laundering – is based on research conducted by the Economist Intelligence Unit and points to the risk potentially being caused by an internal culture of complacency. Almost 40% (39.2%) of AML professionals in the sector identified complacency as the biggest internal barrier to fighting money laundering. This, coupled with the fact that the same number (39.2%) think UK money laundering regulations are only “somewhat effective” points to a potential financial crime storm ahead for the gambling sector.

The Gambling Commission is acutely aware of the challenge, and in its 2018/19 Enforcement Report noted that it had investigated ‘a number of online casino operators’ found to have breached conditions related to the AML portions of their licences. During the past financial year, the watchdog issued a record £19.6m in penalties against firms who failed to stop money laundering or meet social responsibility obligations, and has warned of further ‘draconian’ actions for those operators who fail to learn lessons from these fines.

Even with this ramping up of enforcement actions, over 40% (41.2%) of respondents believe that the anti-money laundering regulations that they have to comply with are disproportionate to the money laundering threat that they actually face.

Despite a culture of complacency and lack of confidence in the AML regime, gambling firms are pouring money into AML compliance, with a vast majority (82.3%) stating their compliance budgets have increased over the last two years – more so than any other sector surveyed in the report.

A majority of this budget is being allocated to technology aimed at tackling the problem, the research revealed. Over 40% (41.7%) of AML compliance budgets is dedicated to technology at the moment, with over three quarters of respondents (78.4%) expecting funding for technology to increase further over the next five years.

Michael Harris, Director of Financial Crime Compliance and Reputational Risk at LexisNexis® Risk Solutions says:

“The threat money laundering poses to the gambling sector is very real, and this fact is clearly recognised by those working within it too.

The industry needs to take urgent steps to address this growing threat by ensuring that customer due diligence checks are conducted before allowing any gambling activity to begin, and, given the rise in online gambling, should consider embracing digital know your customer (KYC) technologies.

This, along with training teams dealing with customers on the frontline to spot money laundering red flags and adopt a risk-based approach, gives gambling operators the best chance of fighting financial crime and meeting their legal obligations.”

 

About LexisNexis® Risk Solutions

LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information and analytics for professional and business customers across industries. For more information, please visit risk.lexisnexis.co.uk, and www.relx.com.

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TotoGaming Announces Official Launch of Online Sportsbook and Casino

Niji Narayan

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TotoGaming Announces Official Launch of Online Sportsbook and Casino
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TotoGaming has announced the international launch of its online sportsbook and casino.

“We are very excited about the international launch of TotoGaming. This brand has been active in Armenian local market for over 15 years. The team will be in Amsterdam to celebrate our launch with the iGaming community, and of course, we will come with surprises for affiliates and their most meticulous players,” Victoria Poghosyan, Deputy COO of TotoGaming said.

TotoGaming includes several competitive features: variety of high odds on almost any sports, engaging visualisations, super-fast Live betting, over 400 in-house traders covering 65 sports, 7500 leagues, 3000 betting markets, 40 000 pre-match monthly events and 30 000 real live monthly events.

TotoGaming is a perfect sportsbook brand where players can also enjoy casino experience. Live casino and online casino are equipped with the best providers with many current promotions.

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EFL Survey Reports 71% of its Fans are Comfortable with Gambling Sponsorships

Niji Narayan

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EFL Survey Reports 71% of its Fans are Comfortable with Gambling Sponsorships
Photo Source: efl.com
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The English Football League has conducted a survey among its fans and found that 46% of EFL supporters gambled online during the last 12 months and 71% believe gambling sponsorship in football is acceptable.

In terms of regularity of betting, 13% place a bet every week and 28% of them placed bets exclusively on Sky Bet, the EFL’s main sponsor. About 2% of fans had a bet every day.

Supporters aged over 65 had a higher likelihood of questioning the appropriateness of gambling partnerships.

EFL and Sky Bet have invested £1 million over a five-year period to educate clubs via responsible gambling campaign.

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