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BGC CEO Warns of Growing Threat of Illegal Gambling Black Market
Betting and Gaming Council CEO Grainne Hurst has spoken at the annual Gambling Anti-Money Laundering Group (GAMLG) training event, warning participants of the growing illegal gambling market and the dangers it poses to the regulated industry.
The annual event, first held in 2022, brings together the regulated betting and gaming sector, industry experts and leading figures from the Gambling Commission, Treasury, UK Financial Intelligence Unit and law enforcement, to understand better how the sector can meet the challenges of fraud, Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF).
Independent body GAMLG provides an important platform for the whole industry to share knowledge and raise standards in AML and CTF, and is Chaired by Keith Bristow, former Director General of the National Crime Agency.
Over 100 guests attended the event in central London to hear from a host of keynote speakers working in collaboration with industry to keep regulated betting and gaming crime-free.
The event also heard from John Pierce, Director of Enforcement and Intelligence at the Gambling Commission, Claire Wilson, Illicit Finance Technical Assistance Adviser, Supervision and Preventive Measures and Hala Najjar, Policy Advisor, Economic Crime Strategy Unit at HM Treasury, John Leigh, Detective Inspector from the Regional Economic Crime Unit at West Midlands Police, plus Beth Dale and Astrid Morrison, from the UK Financial Intelligence Unit.
At the event Grainne Hurst said: “This is a shared challenge, and it requires a shared response, and GAMLG is the independent body by which we can, together, raise standards across our sector, and ensure we are fulfilling our responsibilities to keep regulated betting and gaming crime free.
“As a sector, we should lead the way in making certain our products are not hijacked and misused by those engaged in illegal activity, activity that has no place in our sector, activity which undermines our laws and our society.
“While we work hard in this space, as you will hear today, we are also acutely aware how black market gambling is already being used by those criminal elements to raise funds that support their illegal business empires. A recent study by the BGC found 1.5 million adults in Britain spend up to £4.3bn on the illegal gambling black market.
“Even now, we are working together, in this very space, on a new AML Code, which we hope will drive up standards, while not compromising player safety.”
GAMLG Chair Keith Bristow said: “GAMLG is a vital platform to share knowledge and raise standards so the sector can remain a leader in preventing money-laundering, fraud and terrorist financing.
“The incredible turn out at this year’s training event, and the stellar line up of speakers, shows how serious this sector is about keeping regulated betting and gaming crime free, and the level of constructive collaboration it has with the regulator, Government and law enforcement.
“The professionalism and commitment of our members makes all the difference. That commitment remains strong, which is good news for the industry, its members, the police and public. Unfortunately, it’s not such good news for organised crime and fraudsters.
“Working together, I’m proud to say we are at the forefront of this work and will remain there.”
As part of the BGC’s ongoing commitment to encourage knowledge sharing across the sector, for the first time, tickets for the training day were made available to non-BGC members.
Grainne, added: “Raising standards is part of the DNA of the BGC, and I think one of the surest demonstrations of that, is on display today. Because for the first time, we have opened up this event, now a regular annual fixture for the sector, to non-BGC members.
“This was a very deliberate decision for us, because we recognise knowledge sharing, and understanding best practice, is the key to the unified response, I am sure, we all seek when it comes to keeping regulated betting and gaming crime free.”
The post BGC CEO Warns of Growing Threat of Illegal Gambling Black Market appeared first on European Gaming Industry News.
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Spinmatic unveils groundbreaking hybrid Slot-Plinko game
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Spinmatic, a leading developer of cutting-edge casino games, today announced the launch of Elemental Fusion, a revolutionary title that fuses the mechanics of Video Slots with the engaging features of Plinko games. This innovative product release highlights Spinmatic’s commitment to developing unique and compelling gaming experiences for the igaming market.
Elemental Fusion introduces a novel hybrid model, offering players a distinctive blend of traditional reel-spinning action and a collector-driven bonus system culminating in a dynamic Plinko round. The game consists of harnessing the power of five sacred elements -Fire, Earth, Water, Air and Galaxy- guided by an in-game Alchemist character.
The core innovation lies in two distinct yet interconnected features:
- Accumulative multipliers & Fusion reaction: The game features five Element Elixir symbols. Landing these symbols triggers a Fusion Reaction where an accumulative multiplier builds up. Multipliers can reach up to x50 and stack across spins. When a win is achieved, it is multiplied by the accumulated value, which then resets.
- Collect Feature & Plinko Bonus: Players activate the Plinko bonus round by collecting 10 Element Elixir symbols for one of the four core elements (Water, Air, Earth or Fire). Landing a Special Plinko Symbol on the 3rd reel randomly contributes one symbol to the corresponding element’s collector. A key mechanism is that other element collectors do not reset when a Plinko game is triggered, allowing for the rapid chaining of bonus rounds.
The Plinko bonus round offers a sophisticated and varied experience, determined by the collected element. Before the balls drop, a wheel spins to determine the number of balls, ranging from a minimum of 10 to an impressive 100.
Each of the four unique Plinko games features 16 rows and is designed with a distinct volatility profile and prize mechanic, and each guarantees a specific Jackpot tier (Mini, Midi, Maxi and Grand Jackpot).
Spinmatic invites operators to integrate Elemental Fusion immediately to offer players this pioneering gaming experience.
The post Spinmatic unveils groundbreaking hybrid Slot-Plinko game appeared first on European Gaming Industry News.
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RedCore was awarded “Transformation of the Year” at SiGMA Rome
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The RedCore business group received the “Transformation of the Year” award at the SiGMA Central Europe Awards ceremony, which took place as part of SiGMA Central Europe on November 3 in Rome. The award honors the company’s successful transformation from PIN-UP Global, an iGaming-focused holding company, to a diversified technology business group operating in various areas of digital business.
RedCore is the result of a large-scale transformation of PIN-UP Global, which began in 2024. This was a logical step that allowed the holding company to expand beyond the iGaming industry. The accumulated expertise allows the brands included in the business group to create technological solutions for fintech, marketing platforms, e-commerce, regulatory technologies, customer service, and platform B2C services with high user engagement.
Today, the international business group RedCore includes seven independent brands: PIN-UP Partners, Frogo, Pay.Partners, Communications Hub, mr.Booster, Riddick’s Partners, Talk with Us.
“This award recognizes that we have made the right strategic move. Over nine years of working in iGaming, we have accumulated expertise that is applicable far beyond a single industry. RedCore is the result of a transition from internal solutions to independent products for the market. We have created a business group ready to share high-quality technologies and team expertise with various digital businesses,” comments Marina Ilina, CEO and founder of RedCore.
The “Transformation of the Year” award at the SiGMA Central Europe Awards is especially significant as it recognizes RedCore’s ability to successfully adapt to changing market conditions and create new opportunities for growth. The award organizers highly appreciated the scale of the changes, the speed of their implementation, and the results of the transformation.
The post RedCore was awarded “Transformation of the Year” at SiGMA Rome appeared first on European Gaming Industry News.
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Osborne Clarke advises Shore Capital on £205 million IPO of Winvia Entertainment, marking renewed momentum in London markets
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International law firm Osborne Clarke has advised Shore Capital on Winvia Entertainment plc’s £205 million AIM IPO and associated £40 million institutional placing. Shore Capital acted as nominated adviser, sole bookrunner and sole broker.
Technology focused business Winvia Entertainment is the second largest prize draw operator in the UK by market share and owns the brands Best of the Best and Click Competitions, through which players can play for prizes including cars, luxury watches and holidays.
Outside the UK, the company is focused on the fast-growing and regulated Romanian online gaming market, where it is a top three online casino operator, operating a multi-brand strategy including own brands such as Princess Casino, Royal Slots and Luck, white label brands such as Magnumbet, Cashpot and Excelbet, and a majority owned poker business.
Winvia Entertainment intends to use the net proceeds of the placing to fund acquisitions in the large but fragmented UK prize draw sector. It has been building a pipeline of other opportunities and is in discussions with several potential acquisition targets to allow it to consolidate its position in this rapidly growing market.
Admission and trading in the company’s ordinary shares on AIM took place on the 3 November 2025 at 8:00 a.m.
The IPO represents a significant AIM admission in H2 2025 and highlights the renewed interest in UK tech and digital-entertainment flotations. It follows commentary that the London listing market may be turning a corner, with several listing announcements and a strengthening pipeline emerging in recent weeks.
Commenting on the transaction, Ed Nisbet, Associate Director at Osborne Clarke, said: “We are delighted to have assisted the Shore Capital team in relation to the IPO of Winvia Entertainment. Both the UK and Romanian markets that the group is focused on offer exciting opportunities and this IPO perfectly positions Winvia to build on its existing strength to take advantage of these. This transaction, together with general market activity and our increasing pipeline of opportunities, is also demonstrative of the increased momentum in UK capital markets.”
Jonathan King, Partner at Osborne Clarke, added: “The Winvia IPO showcases the breadth of Osborne Clarke’s capital markets expertise – from advising on complex cross-border structures to supporting clients at every stage of their growth.”
Osborne Clarke’s Corporate team, which is ranked in the top tiers by both Chambers UK and Legal 500 UK for AIM, is considered a go-to practice for many companies in the tech, media and comms sector. Its clients range from global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to strategic M&A, IPOs and JVs.
The post Osborne Clarke advises Shore Capital on £205 million IPO of Winvia Entertainment, marking renewed momentum in London markets appeared first on European Gaming Industry News.
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