Tag Archive : Gambling

Triplebet boosting compliance after temporary Gambling Commission suspension

Operator Triplebet, which runs the Matchbook sports betting exchange, has accepted the Gambling Commission’s temporary suspension of its license in Great Britain, following a two-year review.

Gambling Insider understands Triplebet engaged the services of Alvarez & Marsal to improve compliance last year, with the subsequent recommendations being implemented as part of a phased programme.

The progress report has been shared with the Commission, although Triplebet has accepted the suspension of its license until the final recommendations are put in place.

The suspension is the result of a hearing at the end of January; Triplebet’s review took place in late 2019.

Areas highlighted by the operator’s report included the fair treatment of customers, the establishment of a compliance committee, daily screening for players that may be politically exposed people and the establishment of a new responsible gaming algorithm.

A Triplebet spokeperson told Gambling Insider: “Triplebet takes its responsibility as a betting and gaming operator very seriously and accepts the Commission panel’s findings following a two-year review. 

“Triplebet believes compliance goes to the heart of offering a betting exchange product, and through the introduction of new policies and the establishment of a compliance committee Triplebet has shown it is committed to achieving any standard of compliance required of it.

“Last year, Triplebet engaged a third-party compliance specialist to elevate its standard of compliance beyond what is required by the Commission. Over the coming weeks, these recommendations will be completed in full and an independent audit will be carried out with a view to the license being reinstated.”

Gambling Blocking App Gamban, Lloyds Banking Group Unveil Partnership

Gamban has teamed up with Lloyds Banking Group in a multi-brand partnership that has now provided customers of Lloyds, Bank of Scotland, and Halifax with access to the gambling blocking software.

The initial integration of the Gamban software across Lloyds’ multi-brand portfolio of banking offering was finalized in late January. According to official information published today, the software has been used by a significant number of people who have activated the gambling blocking protection.

Gamban is supported by multiple devices and across multiple operational systems. Android, iOS, Windows, and MacOS users can all utilize the software to limit their access to thousands of gambling websites and gaming and sports betting apps.

News about Lloyds’ partnership with Gamban comes amid growing regulatory pressure and heavy political criticism in the United Kingdom that the gambling and banking sectors as well as related industries are not doing enough to protect vulnerable people from falling victims to problem gambling behavior and gambling addiction.

Commenting on their partnership with Lloyds Banking Group, Jack Symons, Founder of Gamban said that it is “very positive to see forward-thinking banking institutions such as Lloyds Banking Group rise to the challenge of protecting vulnerable customers from gambling addiction through barriers such as spend control and collaboration with market-leading gambling-blocking technology.”

Gambling Freeze

Lloyds’ collaboration with Gamban comes in addition to recently introduced Gambling Freezes, which customers of the banking group’s brands can activate from their mobile banking apps and which enable them to limit their gambling spending by self-excluding their credit and debit cards from being used for gambling-related transactions.

Customers can reverse their decision to freeze such transactions after 48 hours. According to the banks, this time period provides people with enough “thinking time to ensure their decision isn’t made in haste or under duress.”

Lloyds brands introduced the freeze option last November, which was shortly before the UK Gambling Commission announced a ban on the use of credit cards for gambling purposes that is slated to take effect this coming April.

Of the implementation of what it calls layers of protection from potential gambling harm, Lloyds said that it has been working closely with gambling support experts to ensure that its customers have an easy access to a wide variety of help and support tools.

Elyn Corfield, Managing Director of Consumer Finance at Lloyds Banking Group said that they know “gambling-related harm can have serious and long-term impacts on our customers and we are committed to making sure they can easily access a wide range of support.”

The banking official went on that in addition to their card controls that enable customers to freeze gambling transactions, they are delighted “to have developed a pilot with Gamban offering our customers three months free access to their software, providing another level of protection.”

Source: Lloyds recruits Gamban’s gambling blocking software

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Yggdrasil Becomes SPER Member to Promote Responsible Gambling in Sweden

Innovative provider of content and related solutions for the iGaming industry Yggdrasil today announced that it has become a member of the Swedish Gambling Association (Spelbranschens riksorganisation, SPER).

The recently granted membership provides Yggdrasil with the opportunity to help promote a “healthy, safe, and sustainable gambling environment” in the year-old regulated online gambling market of Sweden.

SPER was founded in 2002 by Svenska Spel, ATG, and Folkspel. These operators were the only ones authorized to provide gambling services on the territory of the Scandinavian nation at the time.

Since the reorganization of the Swedish market in early 2019, more operators and industry providers have joined the trade body. SPER now has 20 members that are committed to acting in a socially responsible manner.

Each SPER member has agreed to follow universal gambling and marketing guidelines and has pledged to a code of ethics that aims to ensure player protection.

Yggdrasil itself hails from Sweden. The company’s headquarters are located in the Scandinavian nation, while its operational HQ is set in Malta. It also runs offices in Poland and Gibraltar. Founded in 2013, Yggdrasil has quickly become one of the leading providers of content for the online gaming industry, with its portfolio including online slots, table games, and bingo titles.

Commitment to Responsible Gambling

Commenting on the announcement that Yggdrasil has joined SPER, the iGaming provider’s CEO, Fredrik Elmqvist, said that they always strive to act in a socially responsible manner and that industry collaboration is needed to achieve the highest standards to ensure players are protected.”

Mr. Elmqvist went on that “social responsibility is an important part of our work at Yggdrasil and by joining SPER we are committing to ensuring that the Swedish gambling market is both safe and sustainable.”

SPER CEO Jenny Nilzon added that they are thrilled to welcome Yggdrasil as their newest supplier member and to further grow their network “as it is more important than ever for all industry stakeholders to cooperate and ensure consumer protection is in focus.

Sweden is one of the many regulated jurisdictions Yggdrasil is certified to provide its products in. Earlier this year, the company also nabbed a B2B license by the Isle of Man Supervision Commission. The newly obtained license enabled the content provider to secure long-term presence across a number of existing markets and further solidified its regulated growth approach.

Yggdrasil has also recently launched its new Publishing division as part of a new strategic approach it is set to implement in a bid to secure continued growth in the new decade. The provider’s new arm offers its clients “the key to its kingdom” and provides the tools and solutions they need to build and manage a complete B2B online gaming business.

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Gambling and Casino Games via Social Media and Online Technologies at Prague Gaming Summit 2020

Hot Topic: Gambling and Casino Games via Social Media and Online Technologies at Prague Gaming Summit 2020

Hot discussions about social gambling and how social media is changing the way of prospecting players at Prague Gaming Summit 2020.

Lately, more and more gambling operators have been launching social media games on Facebook, Google+, Bebo, and even MySpace in order to reach more players. Up until the social media gaming giant Zynga launched real money poker on Facebook to their U.K. players in early 2014, all of the social gambling apps on social media were free.

According to Facebook’s guidelines, real money gambling on Facebook is only allowed in specific countries with prior authorization from Facebook. Since only a handful of countries actually meet the criteria, it’s likely that the free games and apps are here to stay and will dominate the social gambling market.

Some of the most popular social gambling games and casino apps on Facebook include free slots, free Texas Hold’em poker, and free blackjack. You can play by yourself, with your friends, or with strangers.

Social gaming is a $2.7 billion industry, which is saying a lot because an overwhelming majority of the casino games available on Facebook are free casino games that do not require real cash to play. The gambling operators make their money by offering their players in-game benefits, currencies, and virtual goods that can be bought with real money or Facebook credits, which are acquired with cold hard cash as well.

Social casinos pull in millions and millions of Facebook users on a daily basis. About 20% of those users (or hundreds of thousands of players in other words) have paid real cash for in-game goods, benefits, and currencies. The market for social gambling is booming, and it’s only getting bigger and bigger, as more and more big names in the gambling industry are joining in on the fun.

Underage mobile gamers have the opportunity to play social casino games using apps like Double Down Casino, Slotomania, and Zynga. A social casino game is free to play and does not offer real money rewards. Still, simulated casino games get children used to rules and habits of gambling, while introducing them to the brands they might use later on.

At the 4th edition of Prague Gaming Summit you have the unique opportunity to hear more about the subject in the “Gambling And Casino Games Via Social Media And Online Technologies” panel discussion which will be joined by ElinaSafargulova (Head of Marketing at Slotegrator), Daniele Alfonso (Head of Gaming at iovation) and Jan Urbanec (CEO at Endorphina).

The discussion will be moderated by Zlatan Omerspahić (Head of Legal and Compliance, Data Protection Officer at NSoft Company).

Make sure to book your ticket now in order to avoid disappointment. The seats are limited and are selling out fast!

Order your Delegate Pass or VIP Package (Delegate Pass +Accommodation) now!

As mentioned in earlier press releases, the conference will once again bring together a large community of gambling industry experts which vary in the form of operators, software providers, platform, compliance experts, government officials and more.

For constant updates, you can view the Program / Agenda here: https://praguegamingsummit.com/program-agenda-2020/

Besides the quality content, Prague Gaming Summit includes several networking opportunities during the specially designed networking sessions.

REGISTER NOW TO RESERVE YOUR SEAT!

About Prague Gaming Summit

Even from its inaugural edition in 2017, Prague Gaming Summit has been considered as the leading event in the region which offers a priceless opportunity for local and international operators to get together yearly to network and learn. The conference has recorded considerable growth during the 2018 edition and continues to bring the quality platform with which usual delegates have already gotten used too. You can read the post-event reports from the earlier events on the following links 2017 / 2018 / 2019

For more details visit www.praguegamingsummit.com

European Gaming Media and Events press contacts:

Zoltan Tuendik, Head of Business

[email protected], +40 735 559 234

Alex Marginean, Marketing Specialist

[email protected], +40 731 394 220

About the organizer, European Gaming Media and Events

European Gaming Media and Events is a leading media and boutique event organizer company in Europe and produces the prominent conferences in the region such as:

  • CEEGC(Central and Eastern European Gaming Conference)
  • CEEG Awards (Central and Eastern European Gaming Awards)
  • Prague Gaming Summit
  • MARE BALTICUM Gaming Summit
  • BSG Awards (Baltic and Scandinavia Gaming Awards)
  • EGC (European Gaming Congress)
  • SEG Awards (Southern European Gaming Awards)
  • VIGE (Vienna International Gaming Expo)

The live events/conference division is in charge of organizing boutique style executive gaming events that focus on bringing inside information from the top gaming experts in the European Union and beyond.

In short, they cover most areas of Europe with international events that serve the local and global industry, optimize networking opportunities and bring the hottest topics into scope.

The event destinations in 2019 will include a further expansion for the company in their quest to enter the Western European region and bring their expertise to produce local gaming events.

For more details about the calendar, agendas and locations, visit the Live Events/Conferences section on europeangaming.eu