Latest News
Open Banking Can Change the Game in the Post-Credit-Card-Ban UK Gambling Industry
The consequences of the upcoming ban on credit card gambling in the UK might bring more financial harm to the i-gaming industry and inconvenience to responsible players than good to problem gamblers who constitute roughly 1% of 24 million adults who gamble in Britain. Fortunately, the situation opens the window of opportunity for open-banking payments â even more convenient than cards and e-wallets and not as controversial.
The official rationale of the new restriction imposed by the Gambling Commission (UKGC) might create an erroneous impression that most players in the UK are addicted to gambling and place bets using credit cards. In reality, according to the UKGCâs data, only around 800,000 people in Britain use credit cards for gambling, and just about 22% of those who do are problem gamblers. In other words, the newly introduced regulation, meant to protect less than 180,000 adults from getting into debt by making it just slightly more complicated, will push the remaining 620,000 responsible players, who gamble on credit cards just for convenience and simplicity, towards alternatives.
As e-wallets are very well known and broadly used among players, one could conclude that e-wallet providers are the grand winners here. An increase in the demand could be a good reason for them to raise prices. But the UKGC must know very well that wallet apps can be easily used as proxies for credit card gambling, and thus further restrictions might be a matter of time. But there is a way for all â gaming companies, gamblers, and the regulator â to achieve their goals without causing harm to other parties in the ecosystem. This can be done through open banking.
Open banking enables initiating direct wire transfers between players and gaming companies without the need for the former to leave the latterâs website and fill a transfer order form. The transactions are bank secure as the authentication process is, in fact, on the bank. Itâs quick, easy, and does not require any third-party apps. The payee gets a notification on the transaction status in real time, so credits or virtual tokens can be added to a user account instantly, which means no interference with the overall gambling experience. Furthermore, this approach does not allow the player to spend more money than they have on their bank account, so it mitigates the risk of getting into debt. On top of that, pay-outs are easier and cheaper to handle as they take only as much time and cost as a regular Bacs BACS transfer (plus a small technical processing fee). I believe this might be a perfect solution for responsible gamblers who appreciate the simplicity of credit card payments as well as for i-gaming companies willing to enhance their overall user experience.
Problem gambling needs to be addressed, and people who suffer from gambling addiction as well as their families should be, surely, receiving appropriate support. Although, IÂ donât think the ban on credit card gambling could, in any way, be the form of support such people need. For the UKâs gambling industry and over 10.5 million online players, smooth open-banking payments can be a way to have a cake and eat it.
Straal is an international provider of payment, optimization and fraud prevention solutions for future-minded businesses. The company offers a comprehensive suite of products that make accepting digital payments easier, as well as more effective and secure. Straal enables accepting one-off and recurring payments carried out by customers with credit and debit cards of all major organizations, initiating transactions via open banking APIs, ordering SEPA Direct Debit cycles and more. Thanks to Straal, customers can pay in currencies of their choice (over 150 options), using their preferred desktop and mobile platforms, while merchants can effectively maximise their transaction approval rate and mitigate risk. Founded in 2017, the company is headquartered in Warsaw, Poland. www.straal.com
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Galaxsys, the award-winning games developer, is proud to announce the launch of Olympian Legends, a new slot game that brings the power and majesty of ancient mythology to life.
More than just a tribute to ancient mythology, Olympian Legends combines breathtaking visuals, innovative features, and dynamic gameplay, promising players an unforgettable journey through the myths of Olympus. As players progress and reveal mythic features, they face the power of ancient gods. With cascading symbols and exciting bonuses, the game delivers a dynamic adventure thatâs truly worth exploring.
This marks the third slot title that Galaxsys has announced over the last two months, following the launches of Funny Faces: Hoglet-Moglet and El Dorado.
What Makes Olympian Legends Special
Olympian Legends stands out by blending rich narrative elements with innovative slot mechanics. The progress bar on the right side of the grid consists of five elements. Each time a winning combination is formed, the progress bar fills from bottom to top, triggering a mythical feature when an element is completed. Additionally, the Buy Bonus option allows players to take fate into their own hands, enabling them to access the bonus game at any time they choose.
Dynamic animations and sound design ensure every encounter with Zeus, Poseidon, and more characters feels like stepping into an epic saga rather than playing a traditional slot.
Vigen Safaryan, CPO at Galaxsys, commented: âOlympian Legends combines strong gameplay mechanics with a detailed and dynamic theme. Our goal was to deliver a slot that feels rewarding to play while offering players a more refined experience through mythology. We paid special attention to balancing the gameâs features to ensure that the experience feels dynamic, without overwhelming the player. From the visuals and animations to the way the bonuses unfold, every element was designed to create a journey that feels both entertaining and authentic.â
Olympian Legends is now live and available for Galaxsysâ global network of partners.
The post Olympian Legends: Galaxsysâ New Slot Game Inspired by Ancient Myths appeared first on European Gaming Industry News.
Conferences in Europe
Inaugural iGaming Event for Technology Leaders: Technology in Gaming Conference 2025
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The iGaming industry is getting a dedicated space for its most forward-thinking technical leaders with the launch of the Technology in Gaming Conference 2025 (TiG 2025) â an exclusive new event created specifically for CTOs, CIOs, and senior technology stakeholders in the iGaming world.
Taking place on 1st July 2025 as part of London iGaming Week in partnership with iGB Live!, this specialist conference will bring together some of the most innovative minds in technology to explore the future of cybersecurity, infrastructure, artificial intelligence, compliance, and scalability. TiG 2025 is designed to give technical leaders a forum tailored to the real challenges and opportunities shaping iGaming today and in the years to come.
âI am delighted to see other organisers bringing their own events that meet the need of specialist verticals within the industry as part of London iGaming week. The team at iGB L!VE are pleased to be able to support this event, and encourage iGaming senior IT professionals to join what we know will be an event that offers excellent content and networking opportunities for themâ said Naomi Barton, Portfolio Director at Clarion â Organiser of iGB Live!
Topics on the agenda include:
- Scalable architecture & infrastructure
- AI & machine learning in iGaming
- Compliance & security in regulated markets
- Future-ready platform innovation
- Engineering teams, DevOps, and automation
âAs an industry driven by technology I think itâs important to create a space that speaks specifically to the leaders developing and driving the change that has such a big impact on the growth and development of such an exciting sectorâ commented Shona ODonnell, Event Director.Â
Pretty Technical, a leading provider of iGaming software and platform solutions, is proud to be named the headline sponsor of this inaugural event. The companyâs commitment to innovation and modern architecture makes it a natural fit for an event designed to shape the next chapter of gaming tech.
âAs a business that thrives on building technology designed for the next decade, not the last, weâre thrilled to support TiG 2025 and connect with the talented tech leaders shaping the future of iGaming,â said Emma Blaylock, CEO Pretty Technical.
The event is also sponsored by Claranet, experts in modernising and managing critical applications and infrastructure 24Ă7, and Marshall Wolfe, a dedicated hiring consultancy specialising in digital and technology sectors.
Registration is now open with tickets currently discounted by ÂŁ200 until 31st May.
The post Inaugural iGaming Event for Technology Leaders: Technology in Gaming Conference 2025 appeared first on European Gaming Industry News.
EveryMatrix Press Releases
EveryMatrix goes âback to where it all beganâ with new London office opening
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EveryMatrix has opened a new central London office, 17 years after it was founded in the UK capital.Â
Located in the heart of the city on the 25th floor of the newly opened 258,000 sq ft HYLO building in Old Street, London, the premium office space is home to various EveryMatrix teams, including several members of its OddsMatrix sports platform division.
The HYLO has been described as one of Londonâs most exciting new buildings, boasting a high rise tower and large, efficient podium floors plus roof gardens and new public spaces all within the popular Shoreditch area.
Team members include UK-based ex FSB Technology employees who have successfully integrated into EveryMatrix, following its acquisition last year. Many of the team have been responsible for delivering the Groupâs new horse racing product.
Built from the ground up in just six months, the EveryMatrix racing product is fully managed by the expert, award-winning former-FSB tradingâŻteam in London. The solution offers a wide range of global content, round the clock streaming, multiple derivative markets, granular price management and dynamic cross-product bonusing.
Designed to appeal to core racing markets such as the UK & Ireland and South Africa, customers also benefit from integration into EveryMatrix platform technology, offering increased scale, next generation user experience, enhanced bonusing and increased automation.
The new EveryMatrix London office is the third new global location to be opened this year with Chang Mai in Thailand and Cebu in the Philippines welcoming teams in March. This takes the total number of global EveryMatrix offices to 15 employing more than 1,400 staff.
The EveryMatrix workforce has increased by 40% since last March when the company announced its 1,000th employee while simultaneously cutting the ribbon on a state-of-the-art, sustainably developed and built office for more than 500 staff in Bucharest.
Ebbe Groes, Group CEO and Co-Founder, EveryMatrix, said: âWeâre back where it all began when Stian [Hornsletten] and I co-founded the business in 2008. This new opening brings back so many fond memories and Iâm personally delighted to see the business come back full circle.Â
âThe space is magnificent and one of the best Iâve ever seen offering our teams here superb working conditions, multiple benefits and the ideal central London location.
âOur growth is showing no bounds and this new UK location highlights just how ambitious we are to continue growing and working with premium, tier-1 customers who we can now host in one of Europeâs best cities.â
The post EveryMatrix goes âback to where it all beganâ with new London office opening appeared first on European Gaming Industry News.
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