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Swedish Court Reduces Genesis and Aspire Global Penalty Fees

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Sweden’s Administrative Court has ruled that the penalty fees issued to Genesis Global and Aspire Global for breaching self-exclusion regulations should be reduced.

Spelinspektionen, the gambling regulator in Sweden, ordered Genesis to pay a penalty of SEK4m (€382,757) in March, while Aspire was issued a penalty of SEK3m in April related to its AG Communications Sweden subsidiary. Licensed operators in Sweden are required to integrate with the Spelpaus.se self-exclusion system as part of new laws that came into effect on January 1.

According to the regulator, Genesis and Aspire, both of which hold licences in the country, did not adhere to these rules. Some consumers that had self-excluded said they were able to gamble on sites operated by Genesis, while AG and Aspire cited issues with integrating with Spelpaus.se as the reason for non-compliance.

The Administrative Court agreed with the regulator that both of the operators should face punishment, stating Spelinspektionen was right to issue warnings and penalty fees.

The Court also agreed with the decision to calculate the penalty fees based on each of the operator’s gross turnover, before paid profits. However, the Court estimated that each operator’s turnover was lower than the regulator had calculated, and therefore ruled the penalty fees should be reduced to reflect this finding.


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: Swedish Court Reduces Genesis and Aspire Global Penalty Fees

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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OPAP Updates Coronavirus Impact on its Business

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3-3 OPAP Updates Coronavirus Impact on its Business
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Greek gaming operator OPAP has provided an update on the impact of coronavirus on its business. OPAP revealed that almost all its revenue had been wiped out by the closure of its outlets due to coronavirus lockdown in Greece and Cyprus.

Greece reported its first coronavirus case at the end of February.

“We have responded quickly to protect our employees and agents, taking a number of necessary mitigation steps,” Damian Cope, Chief Executive of OPAP, said.

The company estimates that the monthly earnings before interest, tax, depreciation and amortisation (EBITDA) will be 50–53 million euros lower if the shutdowns are extended beyond April.

OPAP said in a statement that Cope will step down at the end of May when his four-year contract ends and that it has begun looking for a successor. If none is found by that date, Chief Commercial Officer Jan Karas will take over as acting CEO.

“I am confident that OPAP will bounce back strongly once this unfortunate period comes to an end,” Cope said.

OPAP reported a 62% rise in fourth-quarter net profit to 61.8 million euros as a result of its new video lottery operation and lower taxation.


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: OPAP Updates Coronavirus Impact on its Business

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Pariplay Appoints Andrew Maclean as its New Sales Director

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3-7 Pariplay Appoints Andrew Maclean as its New Sales Director
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Pariplay Ltd, a leading provider of internet gaming systems, has appointed Andrew Maclean as its new sales director.

Maclean is having more than 15 years of experience in the iGaming industry. He served as the director of commercial account management at SG Digital, the digital division of Scientific Games. Other senior roles which he held include head of partner management at Ongame and commercial director at NYX Gaming Group.

“I really look forward to working for Pariplay and bringing my extensive experience from the iGaming industry to further strengthen their brand and extend their increasingly strong footprint on the B2B market. Pariplay has a cutting-edge product and I cannot wait to be part of their successful journey. As well as their strong proprietary games content, I will be engaging customers with Pariplay’s stellar aggregation platform, all available by a single, swift implementation of Fusion,” Maclean said.

“In addition to his unparalleled reputation, Andrew brings a wealth of experience to the role that will help Pariplay continue to strengthen its presence across regulated iGaming regions. We expect this to be another landmark year for the company and look forward to the expanded role that our sales team will play in meeting that objective,” Adrian Bailey, Managing Director of Pariplay, said.


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: Pariplay Appoints Andrew Maclean as its New Sales Director

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William Hill Announces New CFO and COO

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5-9 William Hill Announces New CFO and COO
5-9-1 William Hill Announces New CFO and COOReading Time: < 1 minute

 

William Hill has appointed Matt Ashley as its chief financial officer and executive director to the board. He will take over the new positions on 6 April.

William Hill announced earlier that its current CFO, Ruth Prior, would be leaving to join Element Materials Technology.

Prior would leave William Hill at the end of its annual general meeting on 15 May and would remain as CFO until that date.

The board said Prior and Ashley would work together in the intervening period to ensure a smooth handover.

Ashley is joining William Hill from FTSE 250 passenger transport operator National Express, where he gained chief financial officer experience before leading their North American business as president and chief executive officer. Most recently, he held the position of group business development director.

William Hill also announced that Stephen Parry would join its executive committee as chief operating officer later this year. Parry is currently the integration director of Flutter.

“These two key appointments reinforce our focus on building a high calibre team. Matt and Stephen bring significant strengths to the company. Matt has a wealth of international financial and US experience as well as being an experienced CFO of a FTSE 250 listed company,” Ulrik Bengtsson, chief executive officer of William Hill, said.

Parry, meanwhile, came with a first-class track record of driving digital change, operational focus and customer experience in senior roles at Vodafone and Flutter, Bengtsson said.

“I look forward to welcoming them both to William Hill,” Bengtsson added.


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: William Hill Announces New CFO and COO

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