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SkyCity Says South Australian AML, Suitability Investigations Ongoing
New Zealand’s SkyCity Entertainment Group has confirmed it is continuing to work with Australian financial crimes watchdog AUSTRAC as well as the commissioner of an independent review as part of two separate and ongoing investigations into the operations of its Australian casino, SkyCity Adelaide.
SkyCity was named in June 2021, alongside fellow casino operators Crown Resorts and Star Entertainment Group, as the subject of investigation by AUSTRAC over potential series breaches to national anti-money laundering laws, although only Crown has since become the subject of civil proceedings against it.
South Australia’s Liquor and Gambling regulator later announced it is commissioning an independent review of casino operations in the state in response to the findings of recent inquiries into Crown and Star in Victoria, NSW and Queensland, all of which have uncovered significant failings of governance.
While both investigations into SkyCity have largely remained under the radar, the company’s Chairman, Julian Cook, told investors during the Annual General Meeting that both were ongoing.
He said: “We continue to cooperate with AUSTRAC in relation to its enforcement investigation, which commenced in June 2021, into potential serious non-compliance by SkyCity Adelaide. That engagement has included the provision of information and documents required by AUSTRAC We are continuing to respond to a significant number of questions and information requests from AUSTRAC which we are treating very seriously.
“AUSTRAC has not filed proceedings against SkyCity Adelaide to date, or indicated whether any enforcement action will occur. However, given that AUSTRAC’s enforcement action investigation is ongoing and we have identified where certain enhancements to the AML and CTF programme are required, there is a possibility that AUSTRAC could bring an enforcement action against SkyCity Adelaide.
“Any such action, and any associated penalties, could have a significant financial and reputational impact on SkyCity.”
Cook also confirmed that SkyCity was working with Brian Martin KC, who is leading the independent review into SkyCity Adelaide, and is supplying various information and documents to him. Martin is due to report back to the regulator by 1 February 2023.
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Bingo Paradise, a prominent UK iGaming affiliate, has announced its most successful quarter ever, achieving record growth during Q3 2024. The portal saw an unprecedented rise in first-time depositors (FTDs), a testament to its commitment to delivering value to players and operators in the highly competitive iGaming space.
“Q3 2024 has been a standout quarter for Bingo Paradise,” said Tom Waite, Manager of Bingo Paradise. “Our success is thanks to the hard work of our small team of talented writers and the oversight of our dedicated compliance manager. Together, they ensure that we provide honest, transparent reviews and operate within the highest industry standards. This, combined with our marketing efforts, including SEO and negotiating exciting player offers with operators, has been key to sending substantially more FTD’s to the operators.”
Bingo Paradise achieved a 65.24% year-over-year increase in FTDs compared to Q3 2023. This impressive growth underscores the affiliate’s focus on player-first strategies, such as creating honest, well-researched reviews that empower users to make informed decisions. The team’s compliance manager ensures every piece of content adheres to strict regulations, building trust with both players and operators.
A key factor in the platform’s success is its ability to negotiate exclusive offers with UKGC-licensed operators. These partnerships allow Bingo Paradise to provide unique deals that resonate strongly with players, enhancing its appeal as a go-to player resource. The focus on promoting only licensed operators also ensures fairness and security for users, which further solidifies the portals reputation.
The brands approach is a model of integrity and innovation. By prioritising compliance and transparency, Bingo Paradise, which itself is owned by Meteor Marketing Ltd has positioned itself as a trusted affiliate partner, both for operators seeking reliable collaborations and for players looking for guidance in the iGaming world. As the platform celebrates its Q3 2024 achievements, it remains committed to exploring new opportunities and maintaining its high standards.
Eagerly anticipated release now confirmed following a highly successful exclusivity period with Rush Street Interactive
Play’n GO has today announced the official US release of its hit title Colt Lightning Firestorm, following a three-week period of exclusivity with Rush Street Interactive brands BetRivers and SugarHouse.
Colt Lightning Firestorm was released in Europe and other jurisdictions in May 2024, and its release in the US comes with much fanfare following the game’s rave reviews in its short exclusivity period. The game is a sequel to the wildly popular Colt Lightning game which was released early last year, and indications at this stage suggest that this sequel may prove even more successful.
This announcement sees Colt Lightning Firestorm available to players in each state and operator with whom Play’n GO is licensed. Play’n GO first entered the online casino market in the US in 2022, and has reiterated its commitment to becoming active in every regulated market around the world.
Magnus Olsson, Chief Commercial Officer at Play’n GO said: “We’re excited to unveil Colt Lightning Firestorm to the wider online casino gaming community in the US, and have been very pleased to see its strong performance during its exclusivity period with Rush Street Interactive. We had high hopes for the game following the success of its predecessor, and we’re confident that these robust results will continue now that the game is available to an even bigger audience.”
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