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‘We live for the iGaming industry’ states EMIRAT AG’s COO

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'We live for the iGaming industry' states EMIRAT AG's COOReading Time: 3 minutes

 

EMIRAT AG, the world’s leading risk management specialist in covering lottery jackpots, is set to take the iGaming sector by storm in July as they bring their promotional proficiency and consumer marketing campaigns expertise to iGB Live! (16 – 19 July 2019 RAI, Amsterdam). The company’s COO Andrea Bargholz underlines the synergy between lottery and iGaming, the rise of Private Lotteries and why iGB Live! is ideally suited for EMIRAT AG’s forward thinking approach to the industry…

iGB Live! Is primarily an iGaming event, how is the EMIRAT AG brand tapping into this market and what are your core aims?
Our company EMIRAT AG lives for the iGaming industry. The fact that we are not only specialized in one field of raffles but individually conceive each promotion, we are the right contact for this. As IGB Live! is one of the most important events in Europe for the Gaming industry we will definitely meet some of our clients to discuss how to grow business together. Our main goal is of course to cooperate with new potential customers. We will draw attention to our booth with an exciting on-site promotion where our potential clients will be entertained and see how easy it could be to address even more clients for their own business.

With regards to lotteries place alongside iGaming, should lotteries be competing for players with casinos and iGaming and if so, how?
Competition is certainly around the world and in many forms. However, in terms of iGaming and lottery, I don’t believe a competitive battle has to exist. The market for casinos and iGaming is so huge and diverse, there is space for everyone. From our point of view, one industry can learn from the other one. There are some players in the market that bundle lotteries to other products, so why can’t they bundle together with iGaming products?

iGB Live!’s conference agenda will investigate the fast rise of Private Lotteries, what do you believe are the benefits of these and how are you working with your client base to promote these?
The advantage is clear: a growing customer base as well as new orders. We support our customers that offer lotteries in different ways and so with Private Lotteries it’s about marketing, communication of high jackpots etc. The exciting thing is you can design individual lotteries so differently that it fits perfectly with the needs of the specific markets. Thus, the player has a wide selection of lottery options. Due to our cooperation with RNG (Random Number Generator) WorldWide it is quite easy to develop new lotteries for our customers. If you look into different countries all over the world you will find many different requirements we can definitely match. We leave no stone unturned!

With your expertise in lottery insurance, how do you see the sector changing in the coming years and how are you looking to tap into this at iGB Live!?
Due to the currently growing number of lottery operators, we expect a lot of development in the international markets. On the one hand, as lottery businesses become more digital and more mobile, the higher the jackpots are the more attention you get and the more clients you will attract. However, at the other end lotteries need to fit to your individual business. So even if you bundle it with other already existing products you need to make sure that the jackpots will be covered as trust is one of the most important values in gaming industry. That’s what we will bring into the game at IGB Live!

Do you feel events such as iGB Live! are essential with regards to expanding the relationship between iGaming and lottery?
IGB Live! is one of the top networking events. In our opinion, this trade show is of great importance, which is why we continue to actively participate in events like this throughout the year to expand our reach in the industry. We offer so many different products in the gaming sector that are essential to so many attendees.
We’re also excited to see where the market goes next. All of our products are customised, so that’s why we enjoy talking about new ideas early. We love to change opinions with market experts and IGB Live! is a perfect place to accomplish that for both iGaming and lottery business.

Andrea Bargholz and the EMIRAT AG team will be showcasing the company’s full portfolio of risk management offerings and marketing campaigns with a unique on-site promotion from Stand S10 at IGB Live! To set up a meeting at the event, please contact +49 (0) 89 / 255 41-0

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: ‘We live for the iGaming industry’ states EMIRAT AG’s COO

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

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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.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Gambling sector deemed the industry most at risk of money laundering, new research from LexisNexis Risk Solutions reveals

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SIS Selects Sportech To Provide Global Commingling Solution

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SIS (Sports Information Services) and Sportech PLC today announced a global commingling totalisator agreement that will allow SIS to create and disseminate a worldwide pool for greyhound racing.

SIS, the leading supplier of 24/7 betting services to retail and online operators globally, will utilize Sportech’s Quantum™ System pari-mutuel betting software to offer the greyhound global pool, leveraging Sportech’s unrivalled worldwide reach and expansive global commingling capabilities. Sportech will also provide hosting and operational services of the greyhound global pool from the company’s Global Quantum™ Data and Operations Centres.

Paul Witten, Product Director at SIS, said “This partnership further bolsters our capability as the leading supplier of 24/7 betting services worldwide.

“Sportech’s market-leading technology will help facilitate SIS’s greyhound racing global pool, which will further expand the reach of greyhound racing around the world”.

 

Bruno Gay, Vice President Sales and Business Development EMEA for Sportech, said: “We are delighted to partner with SIS to deliver a greyhound racing global pool, a project for which Quantum™ System and Sportech’s global service delivery network are perfectly suited.

 

Sportech’s Quantum™ technology has helped betting clients all over the world find new markets for their products and new content for their consumers.  On the heels of the successful implementation of the “Ascot World Pool” for UK Totepool, Ascot Racecourse, and the Hong Kong Jockey Club, we are delighted to support SIS in offering a global pool to satisfy the world greyhound racing market.”

About SIS

SIS (Sports Information Services) has been a trusted partner to the global betting industry for over 30 years, supplying short form betting content to online and retail betting operators. Our horse and greyhound racing content can help keep customers engaged and increase dwell time online and in-shop.

SIS provides operators with an end-to-end solution for horse and greyhound betting including data, live pictures, prices and derivatives, creating betting events to help drive profitable sales. For more information about SIS please visit www.sis.tv.

 

About Sportech

Sportech PLC is the international betting technology business delivering services and solutions to gaming companies, sports teams, racetracks, casinos and lottery clients across 37 countries.  In addition, the Group owns and operates sports gaming venues in Connecticut, United States, under exclusive licenses.

Sportech is a leading global provider of wagering technology solutions to licensed betting operators worldwide. Sportech systems process US $12 billion in bets annually for licensed operators across 37 countries. For more information, visit www.sportechplc.com.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: SIS Selects Sportech To Provide Global Commingling Solution

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WePlay! Dota Underlords Open: the registration for all comers starts!

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Dota Underlords fans from all over the world are welcome to register and compete for the total prize pool of $15,000.

WePlay! Esports has revealed the details for everyone willing to take part in WePlay! Dota Underlords Open open qualifiers. The registration is open from July 15th till July 23th, 2019, 23:59 CEST (14:59 PDT). The schedule and registration process details are available at WePlay! Esports website.

To sign up for WePlay! Dota Underlords Open participants are needed to have an account at Challonge.com and also join WePlay! Esports Discord channel. Regular announcements and news will be available at the #underlords_open_announces group; all communication with the players will be held through Discord.

Dota Underlords Open will have two divisions: Vicious Order (Europe) and Crimson Gang(Americas). The divisions are not region-locked, so players from all over the world can participate. Each round will have three games. The best four players with the highest points move on to the next round. The qualifiers will be taking place until there are only eight players. Those eight players will be invited to the main event, taking place from August 1st to August 4th, 2019.

Players are entitled to participate in qualifiers through multiple regions and, moreover, they can play from a mobile device. Participants are also allowed to stream their games on their private Twitch channels, but they are not allowed to stream the main event (after the end of the qualifiers).

WePlay! Dota Underlords Open open qualifiers start on July 24th and will be taking place till July 28th, 2019. The winners will be invited to the main event with a $15,000 prize pool.

More details of WePlay! Dota Underlords Open tournament are available at WePlay! website.

#WePlay #WePlayDotaUnderlords

Source: WePlay! Esports Press Office

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: WePlay! Dota Underlords Open: the registration for all comers starts!

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