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Daub Alderney Limited hit with £5.85 million Gambling Commission fine

By admin • December 19, 2024 • comments off

In the United Kingdom and the Gambling Commission regulator has ordered online casino operator Daub Alderney Limited to pay a £5.85 million ($8.06 million) fine for breaches of its social responsibility and anti-money laundering procedures.

Daub Alderney Limited was purchased by British land-based gaming behemoth Rank Group in October of 2019 as part of an arrangement worth approximately £115 million ($158 million) and is now responsible for a plethora of iGaming domains including the likes of SpinAndWin.com, KittyBingo.com, RegalWins.com, Aspers.com, LuckyVIP.com, MagicalVegas.com and LuckyPantsBingo.com.

Historical infractions:

The Gambling Commission used an official press release to proclaim that the operator has also been issued with a ‘formal warning’ regar…

Business

Entain Publishes 2023 Financial Report, Net Loss of £936,5m Recorded Due to Increased Expenses Because of Settlement

By admin • December 18, 2024 • comments off

Entain published its 2023 financial report, and according to it, the company experienced a net loss of £936,5m (€1,09bn/$1,19bn). The main reason for this is an increase in its expenses, mostly due to the UK settlement with His Majesty’s Revenue and Customs (HMRC) and the Crown Prosecution Service (CPS). However, the gaming revenue increased by 11,1%.

Increased expenses:

In 2023, net gaming revenue was £4,83bn. Other segments of business also recorded an increased revenue, including group revenue which was £4,77bn, 11% more than in 2022.

However, because of the settlement, th…

Business

NetBet to host Relax Gaming online casino content via iSoftBet game aggregation platform

By admin • December 11, 2024 • comments off

Online casino NetBet will be hosting all of Relax Gaming’s proprietary, Powered by Relax and Silver Bullet content, after adding the operator to its growing roster of partners. The deal gives the B2B multi-product provider a leg up in Romania and Germany, two markets where NetBet is among the most popular operators.

Made possible by iSoftBet’s Game Aggregation Platform (GAP), the integration enables NetBet Casino players in both European countries to access the supplier’s range of titles, such as the award-winning Money Train 2, the hit sequel to the wildly popular 2019 original, the blinged-out canine-inspired Top Dawg$ and Volatile Vikings, which was released in September and offers potential wins of up to 20,000 times the bet!

Frui…

Business

Entain and Playtech Debut Live Gameshow “The Chase”

By admin • December 11, 2024 • comments off

Global sports betting and gaming group built on proprietary technology, Entain, has announced the exciting launch of a brand new live gameshow with support from the leading platform, content, and services provider in the online gambling industry, Playtech.

The Chase, which is the name of the new game, follows the proven model carried by the iconic ITV gameshow that constantly gathers a daily UK viewership of roughly four million.

Described as “a quiz with a difference,” the TV gameshow reunites four contestants who need to “pit their wits against the Chaser, a ruthless quiz genius” determined to prevent them from w…

Business