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Spanish Government to Introduce Bill to Regulate Loot Boxes in Video Games
The Spanish government, through the Department of Consumer Affairs, has announced that it will present a bill to regulate video game loot boxes, which the Department compared to games of chance, in order to avoid addictions such as compulsive gambling and to preserve the health of players. If approved, it would be the first country in Europe with a specific law for this sector.
The announcement was made at the opening of the seminar “Loot Boxes: New challenges for the video game industry”, organised by the Department of Consumer Affairs to discuss these random reward mechanisms with experts and professionals from the sector.
The concept held by the minister of that department is that the boxes share the randomness or chance in the result, that it costs money to activate the mechanism and that the prize has an evaluable value. “The reality is that behind video games there is a sub-game very similar to traditional games of chance that carry a health risk,” Alberto Garzón, Minister of Consumer Affairs, said.
At the event, Garzón further indicated that having a specific law to regulate loot boxes, and even the market for cryptocurrencies and NFTs (non-fungible tokens), “will allow having fun and that this is compatible with the preservation and maximization of the health of all consumers and, in particular, of those who are most vulnerable.”
In an interview last week, the minister said that his office has drafted “a very specific law” that will be presented “in a few days” to regulate these contents, although he did not provide further details of the proposal.
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JACK BUTLAND CALLS ON RANGERS FANS TO HELP END HOMELESSNESS IN GLASGOW
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The post JACK BUTLAND CALLS ON RANGERS FANS TO HELP END HOMELESSNESS IN GLASGOW appeared first on European Gaming Industry News.
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Quantum continues expansion streak with two director-level new hires
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One of betting and gaming’s best-known customer acquisition and comparison businesses, Quantum, has announced the next steps in its ambitious growth plan by welcoming two new director-level appointees.
Joining the business are Dimitris Papamichael as commercial director and Luke Watkin as marketing director – both in newly created roles. They come in alongside a full C-suite and a full team of new tech hires that continues a recruitment drive which began in 2023 – and reflects Quantum’s rapid and consistent growth throughout the last five years.
Papamichael will be responsible for all revenue-generating activities across the business in a pivotal leadership role. He’ll shape Quantum’s commercial strategy as the company diversifies into new verticals while maintaining its strong position in the iGaming sector. He’ll also lead an expanding team of commercial and sales managers.
Watkin will lead the development and execution of the marketing strategy across all business verticals. As marketing director, he’ll be instrumental in shaping Quantum’s marketing vision, building scalable systems, and delivering commercial impact as it expands into new markets. Watkin will build and mentor a high-performing marketing team and is also tasked with driving further recruitment.
Speaking of the appointments and new strategic direction, CMO James McCarthy said: “It’s a pleasure to welcome Dimitris and Luke to Quantum during what is undoubtedly a really fascinating time in our growth. From cementing our relationship with some of iGaming’s biggest names to helping us expand into exciting new sectors, both of our new Directors will be integral to the continued success of the business.”
Papamichael said: “I’m thrilled to be joining Quantum at such an exciting stage of its incredible growth journey. The company has already achieved so much, and there’s huge potential ahead as we expand into new markets and sectors. I can’t wait to work with the exceptionally talented team here to seize the many opportunities ahead and drive the next phase of growth.”
Watkin said: “I am delighted to join a business with such a proven track record of excellence in its core markets, as well as highly ambitious plans for strategic expansion into new markets and territories. I am looking forward to contributing towards building on the exceptional progress the team has made to date, and accelerating that growth in the years ahead.”
This people news comes hot on the heels of the company’s exciting rebrand news of last week, moving toward the “quantum” in QiH Group” as well as redefining the business’ purpose and strategic direction.
The post Quantum continues expansion streak with two director-level new hires appeared first on European Gaming Industry News.
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FLY AWAY TO FORTUNE WITH ZITRO’S “RAINBOW BIRDS”
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The post FLY AWAY TO FORTUNE WITH ZITRO’S “RAINBOW BIRDS” appeared first on European Gaming Industry News.
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