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Videoslots makes loss limit requirement mandatory

George Miller

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Videoslots makes loss limit requirement mandatory
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Operator further strengths responsible gambling policies

Videoslots.com has further strengthened its position on responsible gambling by making it a mandatory requirement for customers in the United Kingdom to set a loss limit budget before they can bet.

The casino operator rolled out its mandatory policy in the UK in order to help protect its players and ensure gambling remains fun, becoming the first operator in the industry to do so.

Videoslots currently boasts more than 3,500 games, with engaging and exciting offers from some of the industry’s best suppliers including NetEnt, Playtech, Evolution Gaming and hundreds of others.

Alexander Stevendahl, Chief Executive Officer at Videoslots, said: “Responsible gambling is our number one priority and this requirement adds an extra level of safety for Videoslots players.

“We believe gambling should be a fun and engaging form of entertainment and we hope our initiative will help keep it that way. Hopefully other operators will join us in our stance.”

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WorldMatch Renovates its Website

Niji Narayan

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WorldMatch Renovates its Website
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Online gaming company WorldMatch has renovated its website to emphasise its 160 slot machines with 70 game engines, 30 table games and all types of video poker, in HTML5 for both desktop and mobile devices. The new site includes a section dedicated to the individual games and the explanation of their technical characteristics.

The new smart search tool allows filtering the slot machines catalogue, according to the required features and as usual, players can play all the games for free to better appreciate the gaming experience. Real-time updates about the release of new titles, partnerships and participation in events are available in the News page.

The graphic restyling is aimed at pointing out WorldMatch’s mission: to offer a wide range of games that will meet every player’s taste.

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France’s Française des Jeux Secures New Jackpot Insurance

Niji Narayan

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France’s Française des Jeux Secures New Jackpot Insurance
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Française des Jeux (FDJ), the operator of France’s national lottery games, has announced the implementation of a comprehensive insurance policy to cover its counterparty risk from January 1, 2020.

One of the changes involved in the tax and regulatory reform carried out as part of the privatisation of FDJ was the discontinuation of the “counterparty fund” system.

This reform is part of a broader process of clarifying the relations between the state and the company, which is now responsible for covering counterparty risk through an insurance policy, at its own expense.

FDJ has taken out a comprehensive insurance policy with a number of top-tier French and international insurers and reinsurers to cover its counterparty risk, which will take effect from January 1, 2020.

This contract, drawn up with insurance broker Marsh, provides a guarantee for the gains falling within its scope on an aggregate basis. It provides annual coverage of up to €150 million. All costs related to this insurance policy are in line with expectations and are covered by the planned budget.

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Industry News

GVC Opens New Office in Rome to Unify Operational Teams

Niji Narayan

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GVC Opens New Office in Rome to Unify Operational Teams
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Online gambling company GVC Holdings has opened a new office in Rome. The company has migrated all its Italian divisions to the new office, which will house around 360 staff of its Eurobet, bwin and Gioco Digitale Italia properties.

Located in the Lungotevere district near Rome’s city centre, the new six-floor (approx. 4200 sqm) office will house all the operational teams, servicing a key European market territory for the FTSE enterprise.

GVC details that its Rome office relocation forms part of its final post-Ladbrokes Coral merger plans, driving operational and co-synergy efficiencies across an enlarged group.

Establishing its new Rome office, GVC management states that its enlarged Italian division will be better maintained within the Lungotevere district, securing access to a better transport network in an “area which is one of the best served in greater Rome.”

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