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European regulators to ban binary options and crackdown on spread betting

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European regulators revealed plans to outlaw one of the most popular trading products available to the public.

The European Securities and Markets Authority (ESMA) wants to ban the sale of binary options to retail clients.

The prohibition is part of a wider clampdown on the spread betting sector that would also see contracts for differences leverage (CFD) limits – the amount of risk/reward a retail investor can expose themselves to – dramatically reduced.

One year ago, City watchdog the Financial Conduct Authority (FCA), surprised the spread betting sector by unveiling its own plans to protect retail investors. A number of other European regulators followed suit and during this summer the matter was passed onto ESMA, so changes could be imposed Europe-wide.

ESMA said it will conduct “a brief public consultation in January 2018” on its plans. Once put in place, it would be the first time ESMA has used so-called “intervention powers” in financial markets.

The changes may come as a blow to some spread betting firms, which have booked bumper profits during 2017.

Others, of which CMC Markets has been very vocal on several occasions, believe the clampdown will help business by forcing rivals that focus on “lower-value” customers out of business.

With an experience of over 8 years in the online gambling industry, as an affiliate, later affiliate manager and consultant, I consider myself a veteran of the industry and can guarantee that you will be served with the most accurate information.

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Scientific Games reports record performance at Melbourne Cup

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Scientific-Games-Joint-Venture-Wins-10-Year-Sports-Betting-Contract-In-Turkey Scientific Games reports record performance at Melbourne Cup

 

This year’s Melbourne Cup saw OpenSports hit a peak of 35,000 bets per minute for a single operator that is now hosted fully in the cloud. OpenSports is known for powering seamless player experiences for its partner operators through its proven, reliable and scalable OpenBet platform as seen across key sporting events across the globe.

The demand through peak times during this year’s Melbourne Cup event was 35 percent higher than the maximum number of bets per minute ever seen previously on the platform in 21 years of operation.

The Melbourne Cup is Australia’s most famous annual Thoroughbred horse race. It is a 3200-metre race for horses three years old and over, conducted by the Victoria Racing Club on the Flemington Racecourse in Melbourne, Victoria as part of the Melbourne Spring Racing Carnival. It is the richest “two-mile” handicap in the world, and one of the richest turf races.

Keith O’Loughlin, SVP Sportsbook for SG Digital, said, “This record performance is a great new benchmark for us and for our partners as OpenSports continues to grow. We’re capable of processing record transaction numbers, and our global customers are benefitting from the scalability of our platform.”

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Greentube granted G4 certification

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greentube-royalcasino Greentube granted G4 certification

 

Supplier marks Responsible Gambling Week with key accreditation

Greentube, the NOVOMATIC Interactive division, has marked Responsible Gambling Week by becoming the first Austrian supplier to receive Global Gambling Guidance Group (G4) certification, the world’s strictest international player protection standard.

The G4 award, which covers all business verticals of a gaming company, underscores Greentube’s commitment to responsible gambling and the effectiveness of its player protection measures. The certification extends across the NOVOMATIC group, recognising achievements as both an operator and supplier of terrestrial slot arcades and casinos, sports betting, as well as online gaming and technology development.

Greentube’s responsible gambling measures were tested against nearly 100 criteria by independent auditors, who analysed in-house guidelines and codes of conduct, staff training on addiction prevention, age identification and youth protection. The supplier was also tested on the information available to customers on the risks of gaming, self-limitation tools and self-blocking options as part of the voluntary process.

Its parent company, NOVOMATIC, is the only gaming technology group worldwide to have successfully undergone G4’s strict analysis on such a scale and across multiple business segments, with a total of ten top-performing subsidiaries in Austria, Germany, the UK and the Netherlands achieving the accreditation. According to G4, the vast majority of Group revenue and its 30,000 employees will be certified in the coming year as auditing of the remaining companies progresses.

Barbara Zemann, Corporate Responsibility & Sustainability Manager at Greentube, said: “Receiving G4 certification is a monumental achievement for Greentube and the wider NOVOMATIC Group. It recognises our dedication to ensuring that player protection runs through the core of the business and that our gaming technology adheres to the highest responsible gambling standards.

“We are very proud that we have adopted the ‘responsible entertainment first’ mindset effectively at every level and been independently endorsed accordingly. The accreditation sends a clear message that we are committed to not only the continuous improvement of our games and products but to help players enjoy them safely.”

The G4 certificate must be renewed annually by means of a re-certification process, with standards regularly updated to reflect the latest scientific findings.

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Swintt signs landmark deal with GiG

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GiG-offers-PAY-N-PLAY Swintt signs landmark deal with GiG

 

Swintt, the innovative new star in the iGaming market, is delighted to announce a games licensing agreement with Gaming Innovation Group (GiG).

The agreement provides for the distribution of over 50 games from the Swintt catalogue including land-based classics such as ‘Master of Books’ and ‘Heart of Earth’, plus new titles including ‘Legendary’ and their latest release ‘Wild Wild Witch’.

The agreement also includes the delivery of Swintt’s gamification product SwinttGamify®.

Commenting on the agreement, David Flynn, CEO for Swintt said “I am thrilled to be announcing this deal between Swintt and GiG. Our focus in delivering high quality, localised content for growth markets directly appeals to the GiG brands and their platform customers. They are also a company who share our values of corporate social responsibility and responsible gaming, making this deal a perfect partnership for mutual growth.”

Ben Clemes, CCO at GiG, said of the deal, “We have been very impressed by the depth and appeal of the Swintt portfolio, which is notable despite their short history. Being able to partner a start-up game provider in their early stages and working closely with their team is very exciting as we get to offer the latest games and innovations they provide not only to our player base but also our platform clients.”

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