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IOC Welcomes A String Of New Measures At The International Forum For Sports Integrity
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THE THIRD EDITION OF THE INTERNATIONAL FORUM FOR SPORTS INTEGRITY (IFSI) BROUGHT TOGETHER KEY LEADERS FROM SPORTS AND INTERNATIONAL ORGANISATIONS. MORE THAN 100 STAKEHOLDERS REPRESENTING THE OLYMPIC MOVEMENT, INTERGOVERNMENTAL AGENCIES SUCH AS THE COUNCIL OF EUROPE, THE UNITED NATIONS OFFICE ON DRUGS AND CRIME (UNODC), INTERPOL* AND EUROPOL**, AS WELL AS SPORTS BETTING OPERATORS, NATIONAL REGULATING AUTHORITIES, ACADEMICS AND OTHER EXPERTS MET AT THE INTERNATIONAL OLYMPIC COMMITTEE (IOC)’S NEW HEADQUARTERS, OLYMPIC HOUSE. ALL OF THE PARTICIPANTS REAFFIRMED THEIR DETERMINATION TO PROTECT CLEAN ATHLETES AND FAIR COMPETITION.
During the opening speech, IOC President Thomas Bach said: “This gathering today reflects the very nature of the IFSI, which is cooperation and partnership. We are a community which shares a common goal to protect competitions from manipulation and from related corruption.”
At the Forum, a new publication, “IOC-UNODC Reporting Mechanisms in Sport: A Practical Guide for Development and Implementation”, was launched. The guide provides information on good practice for sports organisations with regard to receiving and handling reports of wrongdoing, including competition manipulation, harassment, doping and corruption.
In his speech, President Bach praised the close cooperation with the many stakeholders. “In the spirit of this cooperation, we have taken many measures together since the launch of the IFSI in 2015,” he said. “The most obvious example is the Council of Europe Convention on the manipulation of sports competitions, which came into effect last month and is already being implemented in a large number of countries. This is an example of the IFSI in action.”
Ronan O’Laoire, the Global Coordinator for UNODC’s Global Programme for Safeguarding Sport from Corruption and Crime, pointed to the importance of developing effective reporting mechanisms in sport, “It is crucial for government agencies and sports organisations to identify and apprehend those responsible for wrongdoing in sport, including competition manipulation. Having effective reporting mechanisms in place to facilitate this is essential, and we believe that the Guide on Reporting Mechanisms in Sport, developed through our partnership with the IOC, sets out a highly effective basis to do just that,” he said.
President Bach also welcomed the launch of a Sports Investigators Network. “With this network of 200 trained investigators from International and National Federations, National Olympic Committees and sports disciplinary bodies, we can really go to the heart of the problem, which is having access to information as soon as possible and, in some cases, even before the problem occurs. Having this investigators’ unit in place will allow us to address issues from the roots,” Bach outlined.
Click here to read the full speech.
During the Forum, the IOC and EUROPOL also signed a Memorandum of Understanding (MoU) that will establish a mutual cooperation framework between the two organisations. This will facilitate the exchange of expertise, the dissemination of information and the engagement in joint endeavours related to the field of manipulation of competitions and related organised crime.
On the signing of the MoU, Europol’s Deputy Executive Director, Wil van Gemert, said: “Corruption in sports is a global criminal phenomenon perpetrated by organised crime groups operating cross-border and often involved in other crimes. Working closely together in coalition with key partners, like the IOC, is crucial in the fight against corruption in sports. Combating sports corruption means not only defending the integrity of sports, but also protecting the public from criminals who cause significant damage to the safety, security and wellbeing of the EU citizens.”
The International Olympic Committee is a not-for-profit independent international organisation made up of volunteers, which is committed to building a better world through sport. It redistributes more than 90 per cent of its income to the wider sporting movement, which means that every day the equivalent of 3.4 million US dollars goes to help athletes and sports organisations at all levels around the world.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: IOC Welcomes A String Of New Measures At The International Forum For Sports Integrity
In a strategic move to strengthen its foothold in the UK, digital sports media group Better Collective has acquired sports betting media AceOdds for a total consideration of 42 mEUR implying 4x last twelve months EBITDA.
AceOdds, a versatile multi-language sports betting brand, offers a comprehensive range of betting tools, odds, reviews and streaming schedules through its web and app based platforms. With a robust presence in the UK market, Better Collective’s global reach through local expertise aligns perfectly with AceOdds’s vision of expanding its influence outside the borders of the UK. Following the acquisition, Better Collective upgrades its 2024 full year financial targets.
Ian Bowden, Better Collective’s Senior Director for UK & Ireland, said: “I am thrilled to announce the addition of AceOdds to the Better Collective group. This strategic acquisition brings us a robust owned and operated sports betting media brand in the UK market, poised for global scalability. Aligned perfectly with Better Collective’s overarching strategy of acquiring leading sports media brands across various niches, the AceOdds brand fills a crucial gap by offering a vital sports betting affiliation brand in a pivotal growth market for the Better Collective group, along with an app benefiting from hundreds of thousands installs to further increase the reach we can provide our partners.”
Established in 2008, AceOdds was founded with the aim of providing UK sports enthusiasts with an easy-to-use betting calculator. Over the years, the brand has expanded, offering a well-regarded web platform featuring a range of betting tools, comparison features, live streaming schedules, an odds and parlay calculator, and more. Additionally, AceOdds has introduced a popular app.
The acquisition aligns with Better Collective’s strategy of owning the full range of sports media across key regions, spanning from traditional sportsbook comparison brands to general sports media, social media content creators, podcast producers and beyond.
The post Better Collective Acquires AceOdds appeared first on European Gaming Industry News.
SkyCity Adelaide Pty Ltd (SkyCity) and AUSTRAC have filed joint submissions with the Federal Court of Australia, proposing a $67 million penalty over the casino’s contravention of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).
A court hearing has been set down for 7 June 2024, at which Justice Lee will consider the parties’ proposed settlement.
While AUSTRAC and SkyCity agree that a $67 million penalty is appropriate in all the circumstances, it is a matter for the court to determine the appropriate penalty.
In reaching this agreement, SkyCity has admitted that it operated in contravention of the AML/CTF Act, including that:
- its AML/CTF Programs did not meet the requirements of the AML/CTF Act and AML/CTF Rules, in contravention of section 81.
- it did not carry out appropriate ongoing customer due diligence with respect to certain higher risk customers and customers transacting through higher risk channels, in contravention of section 36.
“AUSTRAC took this action out of concern that SkyCity’s conduct meant that a range of high-risk practices, behaviours and customer relationships were allowed to continue unchecked for many years,” AUSTRAC’s Chief Executive Officer, Brendan Thomas said.
Mr Thomas said the action serves as an important reminder to casinos and the gaming sector to take their AML/CTF obligations seriously and be vigilant to money laundering and terrorism financing risks.
As the matter is before the court for determination, AUSTRAC is unable to comment further on the proceedings.
The post AUSTRAC and SkyCity agree to proposed $67 million penalty appeared first on European Gaming Industry News.
REEVO, a cutting-edge provider and aggregator of online casino games, strike a deal with Dench eGaming Solutions, the innovative supplier of the online gaming industry to enhance its casino offering.
The distribution deal shall see REEVO providing entire portfolio of certified games for Bulgaria including Curacao, MGA and Romania certified titles. All of REEVO’s game titles will be available in a mobile HTML5 version across all Dench operators.
Dobromir Mitev CEO of Dench eGaming Solutions, said: “REEVO is a first-class casino slot provider and we are very excited to form this partnership ahead of the launch of a number of European facing operators which will significantly benefit from their product proposition.”
Petra Maria Poola, Head of Sales in REEVO, added: “The decision to partner with Dench was easy to make for us and following an impeccable integration effort, our games are now available to their customers via Dench Core. Delivering our content and promoting it via their fully automated instrument Giselle is what we are definitely looking forward to as this will clearly open up fantastic opportunities for both REEVO and Dench.”
The post Dench eGaming Solutions strikes deal with REEVO! appeared first on European Gaming Industry News.
Better Collective Acquires AceOdds
AUSTRAC and SkyCity agree to proposed $67 million penalty
Dench eGaming Solutions strikes deal with REEVO!
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