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Exclusive Q&A w/ Luke Sammut, Director of Finance & Accounting at Booming Games

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Can you tell us a little more about your role at Booming Games?

In my role as the Director of Finance & Accounting at Booming Games, I oversee our finance team and the financial strategy of the group. Our department’s responsibilities range from day-to-day accounting operations to more complex tasks such as financial planning and analysis.

Joining Booming Games in its early stages was both a challenge and an exciting opportunity to build the finance function from scratch. Each step in establishing internal processes, implementing new finance tools and software, and so much more, helped in making the department a valuable business partner within the company. Seeing all these pieces come together has been very rewarding.

Over the years, it has become more and more important for my role to ensure that the department is well-equipped to support the business in scaling up its operations, developing long-term financial planning and most importantly ensuring financial stability. All very important for the business to be able to make well-informed decisions. My role and that of our department has grown to extend beyond the traditional finance functions but to be a strong pillar of our organisation.

 

What career path did you take to get into the industry and your current role?

I started my journey in the iGaming industry after a three-year stint as an auditor at PwC Malta, where I was fortunate enough to be surrounded by some of the best minds in the profession. Working in such a high standard and demanding environment was a very important part of my career in building a strong technical expertise in the field.

Moving to Booming Games in 2017 as a Senior Accountant was a significant transition motivated by the sector’s dynamic environment as well as the opportunity to be part of a growing company. Every stage in advancing to my current position has been a path marked with significant personal and company achievements, making it an incredible journey!

 

What is the most challenging part about your role?

Dealing with challenges is a continuous aspect of my role. Central to these challenges is the need for continuous learning to keep up to date with professional standards and the industry.

Another aspect is balancing between being process-oriented and having robust controls whilst remaining agile. Equipping our team with the right tools at the right time is important to achieve this. At Booming Games, we’re committed to embrace technology, and we constantly strive to be aligned with the latest advancements in our field.

Building a strong and dedicated team is probably the biggest challenge. Overcoming this has been crucial for our success. It is not simply about increasing headcount but making sure that our people grow on a personal level by providing opportunities for professional development and good leadership. This not only increases our department’s capabilities, but with their support it becomes much easier to navigate through the complexities of our role. I am proud to say that within Booming Games, our team transformed the perception of finance being primarily administrative to being a key business partner.

 

What is the most rewarding part? What does success look like for you?

Seeing Booming Games reach new heights and knowing that my role played an important part in that journey is particularly satisfying. But the most rewarding part is the success in building a team of hard-working and exceptionally talented individuals with a very strong sense of teamwork and collaboration. Observing their development and growth over time is motivating.

As for my view on success, it includes two main elements. Firstly, it involves the company achieving its objectives and milestones. Secondly, and equally important, is fostering a great company culture and values which sets an environment where team members feel valued, challenged, and engaged. True success is achieving these two aspects simultaneously.

 

What would you say to someone looking to get into the industry? What are the pros/cons?

The iGaming industry is characterised by a forward-thinking nature, constantly evolving through innovation and creativity. Personally, I find this super exciting as it keeps the day-to-day job interesting. However, I do understand that this can be challenging for those who prefer a more constant environment.

To those looking to join the industry, it’s definitely a very rewarding journey, with plenty of opportunities.

 

Recently you have won an iGaming Idol Award. How does it feel to be considered the best of the best in this industry?

Receiving the iGaming Idol Award was a very proud moment. Each challenge and every milestone reached throughout this journey has contributed to this award. It’s a reminder that hard work does get recognised, and it motivates me to keep on pushing boundaries.  Once again, a big thanks to Booming Games, our excellent team, and the judges. I’m eager to see what the future holds!

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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Soft2Bet’s Betinia shortlisted in five categories of the EGR Marketing and Innovation Awards

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Nominations in five categories of the EGR Marketing and Innovation Awards is further recognition of Soft2Bet’s cutting-edge gamification solutions and innovative approach.

Soft2Bet, a leading provider of iGaming turnkey solutions, is delighted to announce that Betinia, its renowned brand in Denmark and Sweden, has been shortlisted in five categories of the EGR Marketing and Innovation Awards 2024.

The nominations are recognition of the incredible work that has been achieved by the Betinia team in two of Europe’s most competitive and regulated markets.

Betinia’s shortlisting in the following categories:

  • Best Native App,
  • CRM Campaign,
  • Innovation in Sports Betting,
  • Innovation of The Year,
  • Responsible Gambling Marketing Campaign of the Year, demonstrates how it has grown into being one of the most innovative and progressive operators in the industry.

Soft2Bet was recognised in February when its Motivational Engineering Gaming Application (MEGA) gamification solution won the Innovation of the Year at the EGR Nordics Awards and it is delighted to see its achievements gain further recognition with these shortlist nominations.

Oksana Tsyhankova, CMO of Soft2Bet, commented: “Being shortlisted in five categories is a great achievement and huge credit goes to our technical, product and marketing teams. Betinia’s success in two of Europe’s most competitive and regulated markets is also highly satisfying because it showcases our B2C expertise in driving engagement, retention and revenues.”

The post Soft2Bet’s Betinia shortlisted in five categories of the EGR Marketing and Innovation Awards appeared first on European Gaming Industry News.

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Swintt journeys back through the sands of time in Egypt King Book Hunt

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Calling all treasure hunters, thrill seekers and intrepid explorers with a thirst for the unknown – this month, popular premium casino software provider, Swintt, is inviting you back on an epic journey through the sands of time in its action-packed slot, Egypt King Book Hunt.

Set to a backdrop of a long-forgotten temple where mystic relics abound, Egypt King Book Hunt is the third instalment of the popular SwinttPremium series and this time combines simple gameplay and classic graphics and sound with the studio’s much-loved “Book” free spins feature.

Activated whenever three or more of the iconic ‘Book’ symbols appear anywhere on the reels, players will first be prompted to leaf through the pages of an ancient tome until one icon is chosen at random to be the game’s lucky symbol, after which a series of 10 free spins will get underway.

During these bonus games, any instances of the lucky symbol that complete a payline will expand to fill their entire reel – and what’s more, payouts will be awarded for all winning combos regardless of whether the symbols are adjacent or not. On top of that, further free spins can be won for landing additional book symbols and players can even opt to buy into the feature directly.

With Egypt King Book Hunt being available to play with 5 or 10 fixed paylines, players will be able to customise their experience to the level of variance that they’re most comfortable with and they’ll also have the chance to try and double any winnings they collect in an optional risk feature.

David Mann, Chief Executive Officer at Swintt, said: “The fact that the pyramids have stood for thousands of years is testament to them being a design classic – and we feel our Premium slots fall into much the same category! Combining iconic graphics and sound, intuitive gameplay and popular ‘Book’ free spins, we’re sure Egypt King Book Hunt will be a great addition.”

The post Swintt journeys back through the sands of time in Egypt King Book Hunt appeared first on European Gaming Industry News.

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MrQ’s affordability and AML check completion rate soars to 55% with ClearStake integration

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MrQ.com, the UK’s fastest growing online casino, has seen a dramatic increase in the number of players willing to submit financial data for affordability and source of funds checks after implementing ClearStake’s industry tailored smart financial data request solution.

Through the integration of ClearStake, MrQ enables its players to quickly, easily and securely share data via their banking app in under 30 seconds, rather than having to manually supply physical documents.

55% of MrQ’s players are now seamlessly submitting their financial data, laying rest to the long-held market belief that players are unwilling or unable to share the financial data required for affordability and AML checks.

The adoption of ClearStake was part of a larger review by MrQ of its processes, designed to solve issues surrounding the cumbersome process of manually requesting and analysing documents which had historically seen poor uptake from players.

ClearStake has also enabled MrQ to reduce affordability and AML case review times by 46% through seamless follow up requests and reliable data verified directly from the bank, in contrast to requesting physical documents which are prone to fraud, error and unreliable OCR extraction.

MrQ’s remarkable results will no doubt give comfort to other operators who need to navigate the challenges of an increasing number of checks as the UKGC sets to fulfil the recommendations of the white paper.

Savvas Fellas, Founder & CEO at MrQ.com, said: “At MrQ.com we are committed to our mission of offering ‘value-entertainment’. In today’s regulatory landscape this goes hand-in-hand with the security and wellbeing of our players without negatively impacting their entertainment experience or worse, discouraging them to seek their entertainment from within the regulated space.

“We are constantly looking into new ways of navigating our regulatory obligations by embracing new and up and coming technology services. We share ClearStake’s vision on the utilisation of open banking technology and leveraging this to keep our learning curve ahead of those around us.

“ClearStake offers MrQ a strong route towards achieving seamless affordability and AML checks. ClearStake’s feature-rich platform, player-centric design and speed of integration made them the clear supplier of choice, and we look forward to furthering the capability of the technology around thresholds like Standard Due Diligence and our Enhanced Due Diligence checks.”

Martin Burt, Founder of ClearStake, said: “We are delighted to be working with such a forward-thinking market leader who share our vision of how new technology can transform an industry.

“This partnership with MrQ demonstrates that ClearStake’s technology is trusted by the industry’s leading brands and is a fantastic testament to the strength of our product.

“We are thrilled with the results to date which unequivocally demonstrate players’ willingness to share data when required. Furthermore, we are excited by the opportunity to fully automate once resource intensive compliance processes and continuing to delight both players and operators alike.”

The post MrQ’s affordability and AML check completion rate soars to 55% with ClearStake integration appeared first on European Gaming Industry News.

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