Industry News

Gambling Business Group Receives Much Awaited Answers from UKGC

Published

5 years ago

March 9, 2020

The Gambling Business Group (GBG), the strategic voice of the UK gambling industry, has finally received answers from the UK Gambling Commission (UKGC) about the value and allocation of financial sanctions and voluntary settlements.

GBG had submitted a freedom of information request to the UKGC, which revealed financial sanctions totalling £58,946,578 over a five and a half year period between June 2014 and December 2019.

It was further revealed that the Gambling Commission has taken £756,997 from these funds to cover their own costs in carrying out the investigations. Some £24m of the penalties has been repatriated to those who fell victim to illegal gambling activity with £34,843,338 apportioned to agreed ‘socially responsible purposes’ as per the Commission’s Statement of Principles for determining financial penalties.

Providing more details on this, Peter Hannibal, CEO of GBG, said: “When we first wrote to the then Minister, Tracey Crouch and subsequently requested the information from the Commission, we were informed (by the Gambling Commission) that they did not consider it to be a priority. Under the terms of the Freedom of Information Act 2000 (FOIA), citizens have the right to request information from any publicly funded body and to get answers, which I’m pleased to say we have now received.

European Gaming Congress 2024 (Warsaw, Poland)

“Apart from the straightforward issue of why did it take an FOI request to get this information in the first place, it appears that the Commission does not have an independent process in place for checking whether the funds they have allocated to socially responsible purposes have been spent effectively and have delivered the impact intended. This is despite the fact that within the Commission’s own Statement of Principles there is an obligation to meaningfully evaluate the effectiveness of the spend on socially responsible purposes.”

He added: “One of the few things that all stakeholders in UK Gambling can agree on is that all RET financial resources are vitally important and should be spent where they are most effective in reducing and preventing harm. Whether these funds are raised through donations, or via a levy, or as in this case through financial penalties, all funds are equally valuable and should as a result be subject to effective valuation.”

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Industry News

SUZOHAPP Appoints Geoff McDowell as New President

Published

23 hours ago

January 21, 2025

Niji Narayan

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SUZOHAPP has announced the appointment of Geoff McDowell as its new President, effective October 1, 2024.

McDowell previously worked at SUZOHAPP from 2010 to 2017, successfully leading the gaming business in Australia and Asia. He rejoins the company from Coinflip, a global digital currency platform, where he was SVP/GM of US Kiosks. Prior to that, he held the position of CEO of Atlas Gaming Pty Ltd, an Australian developer of proprietary gaming content and products.

“We are thrilled to welcome Geoff back to our global leadership team to lead one of our core divisions. His proven track record in growth and strategy execution will be invaluable as we continue to serve our customers and achieve strong results. We also extend our gratitude to Sim Bielak for his years of dedicated service and leadership at SUZOHAPP,” said Drew Scielzo, ACON Partner.

Geoff McDowell is excited about his return and the opportunity to drive SUZOHAPP’s success. “SUZOHAPP is an exciting company with tremendous growth potential and a strong team. I look forward to embracing this new challenge in an industry I am passionate about,” he said.

The post SUZOHAPP Appoints Geoff McDowell as New President appeared first on European Gaming Industry News.

Industry News

Amusnet Releases Showtime Roulette 500x

Published

5 days ago

January 17, 2025

Niji Narayan

Reading Time: < 1 minute

Amusnet has released Showtime Roulette 500x, where entertainment meets innovation. This fast-paced European roulette reinvents the classics, featuring a host who presents, entertains and spins the wheel for a seamless, engaging experience. With every spin, a random multiplier can increase the payouts by 50x, 100x, 150x, 200x, 250x and 500x for a thrilling experience. Showtime Roulette 500x offers a fantastic gaming experience that is sure to entertain and captivate players.

What truly sets this game apart is its groundbreaking customisation capabilities. Leveraging advanced chroma technology, operators can transform the game environment to reflect their unique brand identity. The possibilities are endless, from integrating their logos to designing bespoke background themes. This level of personalisation enhances brand visibility and delivers a tailored, immersive gaming experience that resonates with players, making every session feel distinctively crafted.

Dynamic Paytable

Up to five numbers and a win multiplier of between 50x and 500x are selected at random for bigger rewards!

Instant Re-bet function

Pick again the lucky numbers for the last 15 spins!

Statistics for Hot & Cold

Make your strategy with statistics for the last 500 spins!

Jackpot Cards with scheduling option

Once the Jackpot Cards Bonus game is triggered, impressive Jackpots are revealed!

The post Amusnet Releases Showtime Roulette 500x appeared first on European Gaming Industry News.

Industry News

GROUPE PARTOUCHE: Acquisition of a Building at the Foot of the Arc De Triomphe to House its Parisian Gaming Club and its Head Office

Published

5 days ago

January 17, 2025

Niji Narayan

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Reading Time: < 1 minute

Groupe Partouche has acquired a building, strategically located at Place de l’Etoile in Paris, at 10 avenue de la Grande Armée.

With a surface area of over 8000 m² spread over seven levels, this building will undergo development work to accommodate its Parisian gaming club currently located on rue de Berri.

This building will also house the headquarters of Groupe Partouche.

The post GROUPE PARTOUCHE: Acquisition of a Building at the Foot of the Arc De Triomphe to House its Parisian Gaming Club and its Head Office appeared first on European Gaming Industry News.