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Gibraltar Requires Local Presence for Licensees in New Gambling Act
Gibraltar has published a draft of its new Gambling Act for consultation that introduces five objectives for the regulation of gambling in the country, including a requirement for operators to have a “sufficient substantive presence” in the territory.
A stakeholder consultation on the bill is now open, allowing anyone affected to provide their input on the bill. Following the consultation, the bill will be introduced in Parliament.
The law introduces five objectives for the regulation of gambling in Gibraltar. These are the “preservation of confidence in gambling markets”, protection of consumers, particularly vulnerable people, promoting “fair and responsible” gambling, preventing links between gambling and crime and the public interest and reputation of Gibraltar.
Regulus Partners, a global strategic advisory business focused on the sports and leisure sectors, noted that the first objective suggests a more holistic approach to the sector, rather than allowing authorities to “compartmentalise policies and regulatory requirements into one objective without thinking too hard about how it might affect the others”.
In terms of the final objective, Regulus noted that it showed Gibraltar intended to signal its credibility as a point-of-supply market rather than moving towards “dark grey” operations.
The rules also make changes to licensing. While licensing and regulatory bodies will continue to be separate, it introduces a requirement that licensees should have a “sufficient substantive presence” in Gibraltar. The wording of this rule was chosen in order to allow the Minister for Finance – who acts as the licensing authority – flexibility “in relation to equipment location and other matters.”
Factors going into this requirement include the “nature, extent, purpose and usage” of equipment in Gibraltar, the “number and nature of jobs to be created and maintained” and the amount of tax revenue paid.
The bill also lays out certain “threshold conditions” that all operators must meet to be licensed. These relate to the conduct of their business, the suitability of their owners, responsible gambling, prevention of crime and the location of their offices.
“In other words, the core concepts are standards and suitability, and having a sufficient substantive presence in Gibraltar. These are the criteria both for the grant of a licence and, on an ongoing basis, for an own initiative decision by the licensing authority to consider revoking or varying a licence,” the Government said.
Much of the bill relating to the supervisory powers of the Gambling Commissioner, meanwhile, was drafted to be similar to Gibraltar’s Financial Services Act, in order to create “a common regulatory framework, and professional understanding and expertise across regulated economic activities with similar statutory regulatory objectives”.
The law stems from a report published in March 2016 reviewing Gibraltar’s licensing and regulatory regime.
A stakeholder consultation on the bill is now open, allowing anyone affected to provide their input on the bill. It will last until August 31, but the Gaming Division of the Gibraltar Ministry of Finance said it would “encourage early consideration of the material”.
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SCCG Announces Strategic Partnership with Elite Picks to Accelerate Market Growth, Business Development, and Capital Raise Initiatives
SCCG Management, a global leader in advisory, business development, and strategic partnerships for the gaming industry, today announced a strategic partnership with Elite Picks, an AI-driven sports betting insights platform experiencing rapid user growth and strong market traction. SCCG will support Elite Picks through business development, global market exposure, and capital raise advisory to help scale the platform’s footprint across the sports betting and sports entertainment ecosystem.
Elite Picks has quickly become one of the highest-rated sports betting tools in the U.S. market, powered by sophisticated AI and machine-learning models that turn over 2 million data points into player projection insights. Users rely on Elite Picks’ proprietary EP Score, a 0–100 rating system predicting performance outcomes that transforms casual betting guesswork into data-driven decision-making. The mobile app has earned a 4.7 App Store rating and has surpassed industry benchmarks with strong retention, rapid install growth, and subscription-driven revenue momentum, supported by a loyal community of engaged sports fans.
The Elite Picks platform stands out for its intuitive UX, predictive accuracy, and proprietary machine-learning infrastructure that competitors cannot easily replicate. The team has combined advanced engineering with a consumer-first design approach, creating a tool that users open more than 11 times per day on average, spending over one hour daily inside the product. This level of engagement positions Elite Picks as one of the most compelling data-driven fan tools in the modern sports betting market.
A Partnership Built to Accelerate Growth
Through this partnership, SCCG will activate its advisory and business development infrastructure to support Elite Picks’ expansion into channels that include licensed sportsbook operators, media groups, sports technology providers, data companies, and gaming platforms seeking enhanced engagement tools. SCCG will also integrate Elite Picks into its established business development cadence, providing structured outreach, opportunity qualification, partner introductions, and deal support across key segments.
SCCG’s support will extend to capital raise advisory, amplifying Elite Picks’ visibility with institutional investors, strategic partners, and gaming-focused venture groups. With a strong outlook for the 2026–2028 growth cycle, Elite Picks is well-positioned to benefit from SCCG’s connections across sports, iGaming, interactive media, and sports-betting technology markets.
Additionally, SCCG will leverage its expansive marketing, PR, and digital footprint — including its 30,000-subscriber newsletters, industry-wide research platforms, and the reach of CEO Stephen Crystal’s personal LinkedIn network — to increase Elite Picks’ exposure and reinforce its position as one of the most promising AI-powered fan engagement platforms in the sports betting industry.
“Elite Picks represents exactly where the sports betting experience is heading — a smarter, personalized, AI-driven companion that empowers fans to interact with sports on a deeper level,” said Stephen Crystal, Founder & CEO of SCCG Management. “Their team has built an exceptional product with elite execution on UX, data modeling, and predictive accuracy. We look forward to supporting their business development efforts and helping accelerate both their market reach and capital strategy.”
“Our vision is to become the most trusted AI companion in sports betting, and SCCG is the perfect partner to help us push that vision forward. We’ve proven Elite Picks can grow fast and deliver meaningful value to sports fans, and now we’re ready to scale that impact. SCCG understands where the industry is heading, and their support across business development and capital strategy will help us expand into bigger partnerships, new markets, and our next stage of growth. We’re excited to move even faster together.” Said Michael Zakkour, Founder, Elite Picks.
The post SCCG Announces Strategic Partnership with Elite Picks to Accelerate Market Growth, Business Development, and Capital Raise Initiatives appeared first on Gaming and Gambling Industry Newsroom.
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GoldenRace launches Goal2Win to bridge the gap between football and numbers
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The world of sports betting and gaming is set for a major shake-up with the launch of GoldenRace’s innovative, new number game, Goal2Win, designed to captivate the massive global football audience. Goal2Win successfully bridges the gap between the universal passion for the “king of sports” and the proven thrill of number-based predictions, offering partners a fresh, high-potential product for monetisation.
Goal2Win is a premium offering that takes the familiar, classic number game format and integrates it with a dynamic, football-centric theme. This unique combination makes the game instantly recognisable yet excitingly new, appealing both to seasoned sports bettors and newcomers seeking an engaging, simplified experience.
Goal2Win is GoldenRace’s proposal to mix innovation and tradition. It offers operators a product that leverages the immense reach of football fandom while delivering the straightforward, engaging gameplay and massive win potential expected from a top-tier number game. It’s a compelling blend of excitement, simplicity, and significant reward potential.
Key features driving engagement and potential winnings:
Goal2Win is engineered for maximum player retention and high stakes, boasting dynamic gameplay and powerful features:
- Multiplier feature: Players can place the same set of bets across an impressive twenty-two consecutive events, significantly driving up potential winnings and ensuring sustained engagement over time.
- Jackpots and Mega Jackpots: The game includes tiered winnings with both standard Jackpots and highly coveted Mega Jackpots, promising life-changing sums and acting as a powerful player motivator.
- Quick picks: For rapid access to the action, the Quick picks option allows the system to randomly select numbers, streamlining the betting process for players.
- Row/Column selector: Enhancing the user experience, selector buttons enable players to easily pick an entire row or column of numbers, simplifying sophisticated betting.
Goal2Win represents a unique opportunity for operators to tap into the immense global football fanbase with a product that is both innovative and instantly recognisable. It stands poised to become a staple offering, driving higher stakes and attracting a broader demographic to the operators’ portfolio.
The post GoldenRace launches Goal2Win to bridge the gap between football and numbers appeared first on European Gaming Industry News.
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PayAdmit partners with Yaspa to integrate Pay by Bank on its payments platform
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Yaspa, the Pay by Bank fintech, today announced a partnership with PayAdmit, the London-based payment software provider and orchestrator used by merchants across eCommerce, iGaming and digital services. The integration brings Pay by Bank to PayAdmit’s platform, giving its merchants a faster, secure, cost-effective way to accept customer payments with real-time confirmation.
PayAdmit offers a modular payments stack that includes White Label, Cashier Service, Payment Bridge and Payment Concierge Service — a high-touch support layer for resolving payment issues in real time. The platform aggregates 350+ global payment methods and provides streamlined onboarding, enabling merchants to go live in as little as 14 days.
Adding Yaspa gives PayAdmit’s clients a high-conversion bank payment option built for speed, conversion and compliance.
Yaspa’s Head of Commercial, Amie Kadhim, said: “PayAdmit moves fast and sets a high bar on payment performance, reliability and checkout experience. We’re excited to power their next chapter with instant bank payments that are speedy, secure and deliver a smooth, mobile-first experience – boosting approval rates and settling funds immediately.”
For PayAdmit’s merchants, the integration with Yaspa delivers:
- Real-time deposit confirmation
- Lower processing costs versus traditional methods i.e. debit and credit cards
- Reduced fraud and chargeback risk with bank-level authentication
- A smoother mobile journey with no card details to key in
Yaspa’s benefits align with PayAdmit’s focus on performance, security and a modern, merchant-friendly toolkit.
Vladyslav Kolodistyi, CEO of PayAdmit added: “Our mission is to give merchants a flexible, future-proof payments stack. Partnering with Yaspa adds a best-in-class, instant bank payment option, so clients get higher conversion with less complexity.”
The post PayAdmit partners with Yaspa to integrate Pay by Bank on its payments platform appeared first on European Gaming Industry News.
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