Industry News
Xace Launches Completely Free Business Accounts and Cross Border Payments for Regulated Gaming Firms: Era
Xace, the iGaming focused payment account provider has announced their latest product, zero fee payment accounts for local and cross border payments and FX.
The gaming industry has frequently found banking solutions and payment accounts to be a challenge to obtain and keep open, with stable providers few and far between, with those that do accept the sector charging fees well in excess of traditional high street banks.
Era by Xace is an exclusive new product, giving regulated gaming firms access to totally feeless payment accounts, no upfront costs and no monthly account costs. Companies with licences from major iGaming regulators, including within UK and Malta, are eligible for the exclusive product.
Adam Grist, CPO at Xace, said: “We spoke to some of the biggest gaming firms out there, to build a product that breaks yet another barrier in gaming payments. Regulated European and North American based gaming firms are frequently subjected to high fees on accounts, transactions, FX and more. With the launch of Era by Xace we are giving the regulated iGaming industry what it deserves – zero fees at the industries favourite financial institution.”
David Hodkinson, CEO of Xace, said: “It is testament to the continuous hard work of our team that the Xace Group is now able to offer a product such as this, allowing feeless accounts and transactions on cross border solutions for a large part of the gaming industry. We’re incredibly excited to bring this product to the market so early in 2024.”
The news comes right on the heels of the Malta Financial Services Authority granting Xace a payments licence, which will spearhead Xace’s growth into the EU this year and beyond.
Novomatic Netherlands has appointed Alexander Legat as its CEO.
Legat takes over from Zane Mersich, who has moved onto the company’s Supervisory Board.
His appointment has bolstered Novomatic Netherlands’ management team with two decades of legal and operational experience in the gaming industry.
Legat will also bring knowledge gained at Novomatic’s Austrian subsidiaries into his new role.
“I am grateful for the new operational role in the dynamic Dutch market and look forward to working with the local team and the opportunities that lie ahead,” he said.
The Novomatic Netherlands’ management board said in a statement: “With Dr. Alexander Legat, Novomatic Netherlands is gaining a first-rate legal expert who not only knows the group extremely well but has also already worked closely with the national subsidiaries.
“His appointment is an important step in our work to successfully meet the future challenges in the Dutch market and further expand our position.”
The post Novomatic Netherlands Appoints Alexander Legat as CEO appeared first on European Gaming Industry News.
During this year’s Charity Night, AskGamblers raised €106,500, thanks to their partners who auctioned for paid positions on the website. The funds raised on 12 June are now being donated to the Hydrocephalus and Spina Bifida Association of Serbia (HISBAS).
Every year, AskGamblers hosts a Charity Night as part of AskGamblers Awards, during which the company’s partners auction for paid positions on the website. On 12 June, AskGamblers raised a record-breaking €106,500.
As Charity Month 2024 kicks off, the entire sum raised during Charity Night will be donated to the Hydrocephalus and Spina Bifida Association of Serbia (HISBAS), an organisation that aims to improve and protect the health and quality of life of children living with spina bifida and hydrocephalus.
Dijana Radunović, General Manager at AskGamblers, commented: “It is always a thrill to raise another record-breaking sum, especially as it is all for a good cause. We couldn’t be more grateful to our partners for their contributions; none of this would be possible without them. Thank you for making another Charity Month a success.”
The post AskGamblers Kicks Off Charity Month by Donating €106,500 to HISBAS appeared first on European Gaming Industry News.
Stretch Network, an online poker software provider dedicated to strategically supporting its partners in developing and optimising poker operations, will participate in the SBC Summit Lisbon 2024 at stand B155. Offering a comprehensive range of services, including custom website development, ongoing maintenance and assistance in obtaining the necessary operating licenses, Stretch Network provides tailored solutions for various operational models, such as White Label, API and Turnkey, ensuring that its partners have the most suitable tools for success.
The SBC Summit Lisbon is anticipated to be one of the industry’s most significant events this year, offering a premier platform for learning, networking and exploring the latest industry trends. Stretch’s participation underscores its commitment to innovation and collaboration within the online gaming sector.
As one of 600 exhibitors, the Company will showcase its latest offerings and features, engage with industry professionals and existing partners, explore future collaborations and discuss necessary developments that will shape the tomorrow of online poker.
The post Stretch Network at SBC Summit Lisbon 2024 appeared first on European Gaming Industry News.
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