08.17.2022. Daily highlights

Wed Aug 17, 2022
  • Entain paying £17m for regulatory breachentain breach

    Entain is a tax resident in the UK, with operations in a total of 31 regulated or regulating territories, the Group employs a workforce of more than 25,000, in 20 offices across five continents. The Group owns a comprehensive portfolio of established brands. Sports Brands include Coral, Crystalbet, Eurobet, Ladbrokes, Neds International, and Sportingbet, and Games Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker, and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to third-party customers on a B2B basis.

    In the US the Group operates BetMGM, a joint-venture with MGM Resorts, created to capitalize on the opportunities presented by the regulation of sports betting and gaming.
    Gambling operator Entain Group will pay £14m for failures at its online business LC International Limited. There are 13 websites including ladbrokes.com, coral.co.uk, and foxybingo.com.

    Etain will pay £14m for failures at its online business LC International Limited. There are 13 websites including ladbrokes.com, coral.co.uk and foxybingo.com. To add, It will also pay £3m for failures at its Ladbrokes Betting & Gaming Limited operation, which runs 2,746 gambling premises across Britain.

    Additional license conditions will also be added to ensure a business board member oversees an improvement plan, and that a third-party audit to review its compliance with the Licence Conditions and Codes of Practice takes place within 12 months.

    Quoting Andrew Rhodes, Gambling Commission chief executive: “Our investigation revealed serious failures that have resulted in the largest enforcement outcome to date.

    Source: EGR.global; iGamingNext

    Bally’s $600,000 donation put towards research on gambling disorder among young adults in the USA.

    Bally’s has donated more than half a million to support research on gambling disorders among young adults in the USA. Since 1996, the ICRG has been an important funding source for scientific research on gambling disorder and responsible gambling in the US.

    Bally’s Corporation is a gaming, betting, and interactive entertainment company headquartered in Providence, Rhode Island. It owns and operates 14 casinos across ten states, a horse track in Colorado, and has access to online sports betting licenses in 14 states. Additionally, the company owns a sports betting platform Bet.Works, daily fantasy sports operator Monkey Knife Fight, and SportCaller, a free-to-play game provider.

    The company was founded in 2004 as BLB Investors. It eventually changed its name to Twin River Worldwide Holdings. In 2020, the company acquired the rights to the Bally’s brand from Caesars Entertainment and changed its own name to Bally’s Corporation.

    ICRG President Arthur Paikowsky also said that Bally’s has started a great movement towards understanding the health risks of young adult gamblers and improving the effectiveness of existing responsible gambling tools. Additionally, this donation will also help fund several programs designed to educate treatment providers, responsible gambling professionals, regulators, and public policy-makers about gambling disorder and responsible gambling.

    bally's casino news

    Bally’s Corporation (BALY) is trading at $26.17 (1.59%)

    Source: EGR.global

    Pariplay has been awarded its Pennsylvania license

    Pariplay – aggregator and content provider that received EGR B2B award for Innovation RNG casino software, entered Pennsylvania market after receiving a license. It is the fourth license secured by the NeoGames subsidiary in the US, following Michigan, West Virginia, and New Jersey.

    Pariplay said that this license will allow offering innovative, feature-packed content from Wizard Games, as well as a wide variety of aggregated third-party games, to players across the state through its Fusion platform.

    Quoting Adrian Bailey, managing director at Pariplay: “We continually strive to expand in key markets, and Pennsylvania is one of the major emerging territories in the United States.

    “Receiving our fourth license in the US is an important landmark for us and we’re eager to expand commercially in our newest market. It is one that has great potential both for Pariplay and also our future partners.”

    Source: intergameonline.com

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