iGaming Industry
With Luxbet’s Closure, Unikrn Loses Its Esports Betting Licenses in Multiple Regions
Unikrn, the coolest sounding esports betting platform in the multiverse, has suffered a pinprick of a problem after Tabcorp announced its decision to sever the head of their Luxbet business.
Tabcorp decided on the cull in the wake of their $11 billion merger with former rival Tatts Group, telling the press that the company that made a tax loss of $13 million last year is no longer aligned with the long-term strategic interests of the bigger picture.
Luxbet pre-warned punters by announcing a strategic review of the business in August. The decision was passed on to account holders before the weekend emerged from beneath the midweek dark clouds. The final day of action is Dec 22. Punters have until Jan 19 to withdraw funds.
Created in 2008, Luxbet became the partner of choice when Unikrn decided to set up a real money online gambling shop in both Australia and the UK. The death of Luxbet means Unikrn can no longer use their existing licenses, but chief overlord Rahul Sood doesn’t seem to fussed.
Speaking to Esports Observer, Sood, explained that Unikrn were aware of the decision for some time and had prepared accordingly. The Luxbet problem veered from a potential shotgun wound to a pinprick, after Unikrn received a licence from the Malta Gaming Authority (MGA) back in October. They have also secured a European partnership with the French-based RBP.
“Unikrn will expand from two countries to over 80% of Europe and beyond,” Sood told Esports Observer.
An essential cog in the Unikrn machinery is their cryptocurrency UnikoinGold (UKG), and this week, Sood went to Medium to update his customers on the availability of the digital currency that helped Unikrn raise more than $30m during their recent Initial Coin Offering (ICO).
In the post, Sood said that it was more difficult than ever to get listed on a major exchange, but has managed to partner with CoinHub and Braveno.
CoinHub allows people to purchase UKG in exchange for FIAT currency and Bitcoin and Ethereum. Braveno is an exchange built for companies and developers, which Sood said should help potential partners utilise the Unikrn platform more easily creating UKG liquidity. …
The post With Luxbet’s Closure, Unikrn Loses Its Esports Betting Licenses in Multiple Regions appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.
Source: EEGaming.
Bradley Khoury
eCOGRA Approved to Operate in Arizona, Indiana and Panama
eCOGRA, a leading international authority in Testing, Inspection and Certification services for the iGaming industry, has secured new regulatory approvals across three key jurisdictions: Arizona, Indiana and Panama. With these developments, eCOGRA strengthens its position in the U.S. and Latin American markets, offering excellence in compliance through their Quality, Speed, and Service promise.
This strategic expansion allows eCOGRA to conduct independent compliance audits and certification services in each region, addressing the growing demand for rigorous regulatory oversight in the fast-evolving global iGaming industry.
Securing approval in Arizona, where eCOGRA has now been licensed as an Event Wagering Ancillary Supplier, enables the International Testing Laboratory (ITL) to audit event wagering licensees in line with Arizona’s expanding regulatory landscape. Indiana, which introduced online sports betting in September 2019, has authorised eCOGRA to perform regulatory compliance audits, providing licensed operators with crucial assurance in meeting the state’s high standards.
In Panama, the Board of Gaming Control officially recognised eCOGRA as an Authorised Entity for Compliance Certification, specifically for slot machines and gaming software. This endorsement reinforces eCOGRA’s role as a trusted partner for operators seeking to meet stringent regulatory requirements in Latin America’s emerging iGaming sector.
“Our recent approvals in Indiana, Arizona, and Panama underline our dedication to continually expand our offering, to support our growing portfolio of clients with their global growth plans. We are committed to ensuring that we bring the same quality, speed and service that marks us out to both our clients and regulators in these dynamic markets,” said Will Shuckburgh, Group CEO of eCOGRA.
Bradley Khoury, Chief Technology Officer at eCOGRA, said: “Securing licensure as an Event Wagering Ancillary Supplier in Arizona and an Authorised Entity in Panama underscores our dedication to supporting responsible and sustainable iGaming operations. We are committed to driving trust and accountability within the industry by providing compliance solutions that uphold the highest standards.”
BetConstruct
BetConstruct to Showcase Latest Innovations at G2E Las Vegas 2024
BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.
As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.
Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.
BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.
Amusnet
Amusnet Sets the Stage for Global Gaming Excellence at G2E Las Vegas
Amusnet has announced its participation in the 23rd edition of G2E Las Vegas (Global Gaming Expo) at The Venetian Expo from October 7-10. As one of the largest expos globally, G2E provides a platform for the company to showcase products across its Online Casino, Live Casino, and Land-based verticals, positioning Amusnet as a prominent all-casino provider in the competitive iGaming industry.
“We are excited to attend G2E Las Vegas 2024 to present our latest online casino portfolio and Type S slot cabinets: our first-ever product series for Land-based casinos, designed to offer a competitive edge by combining Amusnet’s top-notch game portfolio with an immersive player experience. Our focus is on delivering solutions that maximize performance and cater to the evolving needs for both online and land-based casinos,” said Borislav Marinov, Head of Business Development, Land-based, at Amusnet.
Alongside its technical excellence, the premium Type S series showcases the company’s award-winning titles, including 20 Golden Coins, Extra Crown, Fruits & Gold, and Cocktail Rush. It also features Amusnet’s popular four-level bonus game, Jackpot Cards, along with other exciting features like Free Spins, Buy Bonus, Pick Me Bonus, and Symbol Upgrade.
Amusnet will host an activation featuring its premium slot cabinets at the upcoming expo, offering attendees the opportunity to experience the thrill of Type S in real time and win exciting gifts.
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