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Revolut App to Block Credit Card Payments to Irish Gambling Websites

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Banking app Revolut has decided to block credit card payments made to gambling websites in Ireland.

The decision was taken after an inquiry showed that betting firms in the country are taking advantage of credit card payments made through contactless apps such as Apple Pay, Google Pay and Revolut.

Currently, direct credit card betting is banned in Ireland under industry rules.

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“Revolut is planning to block the use of credit card funds on gambling sites in Ireland, in the same way that we do in the UK,” a spokesperson for the payments firm said.

“This is in addition to the 48-hour gambling block that all users can currently activate themselves.”

Revolut, which has 1.5 million users in Ireland, can be funded through either a credit card, bank withdrawal or debit card.

It has developed technology that can identify Revolut payments drawn specifically from credit cards and stop them being used for gambling sites.

The company currently uses this system to separate debit and credit cards for gambling sites in the UK, where credit card payments are banned under penalty of fines.

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The Irish Bookmakers Association, which oversees Ireland’s voluntary Safer Gambling Code, said that the betting firms had not technically broken the credit card gambling rules.

A spokesperson for Junior Justice Minister James Browne, who is overseeing the Government’s plans to introduce a gambling regulator in Ireland, said that credit card betting through apps is “outside the remit of the minister”.

He said that the matter was one for the Irish Bookmakers Association. The minister’s spokesperson added that the proposed new gambling regulator will have “discretion to prohibit the use of credit cards where it is of the opinion that the use of that form of payment contributes to problematic gambling and behaviours”.

A spokesperson for Ireland’s largest bookmaker, Paddy Power, said it was unknown how much the firm would lose as a result of the move, as the company does not know which payments from Revolut come from credit cards.

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IGT Achieves Improved ESG Score from FTSE Russell

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International Game Technology PLC announced that it has achieved an environmental, social and governance (ESG) Score of 4.3 out of 5.0 from FTSE Russell, positioning IGT in the 97th percentile within the Travel and Leisure sector of FTSE Russell’s ESG Scores. This was an improvement from IGT’s previous ESG Score of 4.2 out of 5.0 in 2023, demonstrating its ongoing commitment to enhancing ESG performance.

“As a company committed to continually elevating our sustainability practices and leadership, IGT is proud to once again achieve an improved ESG score from FTSE Russell. Through our global Sustainable Play program, we execute sustainable practices and policies throughout our company and this improved score validates our ongoing efforts,” Wendy Montgomery, SVP of Marketing, Communications and Sustainability at IGT, said.

FTSE Russell’s ESG Scores and data model allows investors to understand a company’s exposure to, and management of, ESG issues in multiple dimensions. The ESG Scores are comprises an overall rating that breaks down into underlying pillar and theme exposures. Scores built on over 300 individual indicator assessments are applied to each company’s unique circumstances. The ESG Scores align with the UN Sustainable Development Goals (SDGs), all of which are reflected in FTSE Russell’s ESG framework.

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Super Group Appoints Merrick Wolman to its Board of Directors

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Super Group has appointed Merrick Wolman to its Board of Directors, effective from February 18, 2025.

Mr. Wolman is the Chief Executive Officer of a global finance company and has worked closely with the Super Group executive team for over two decades.

Neal Menashe, Chief Executive Officer of Super Group, said: “We are very pleased to welcome Merrick to the board. His deep understanding of the gaming industry, alongside his wide range of experience in executive roles, will be of great value as we continue to pursue our global growth strategy and build on our successes to date.”

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This appointment brings the total directors on Super Group’s board to nine, including five independent directors.

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Kindred Reports Decline in Revenue from High-risk Players for Q4 2024

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Kindred Group has reported decline in its share of revenue from high-risk players for the fourth quarter 2024 at 2.7% (Q3 2024 3.2%). The percentage of detected customers who exhibited improved behaviour after interventions showed an improvement at 92.2% (compared to 87.3% in Q3 2024). This positive trend is mainly the result of stricter measures across key markets, improved internal processes, as well as the exit from non-locally licensed markets as part of to the acquisition by La Française des Jeux (FDJ) in October 2024. This shift reflects Kindred’s broader commitment to maintaining high regulatory standards and fostering safer gambling practices.

“It is pleasing to see the decline in high-risk revenue during the fourth quarter of last year. We know that the share fluctuates between quarters, but the long-term trend is showing a steady decline. We remain dedicated and focused on improving our systems and processes to ensure we offer our customers a safe and fun experience,” Esther Scheepers, Head of Responsible Gambling at Kindred Group, said.

“The increased focus on responsible gambling by regulators and the industry is welcomed. From our end, we see that by combining our expertise with emerging technologies, we can further enhance detection capabilities. We are currently working on our existing detection system in combination with an additional system that will enable us to integrate more robust compliance features and optimize our overall approach to safer gambling. Furthermore, we are exploring opportunities to expand our research efforts, aiming to support data-driven discussions and looking at emerging trends in consumer protection. All these aspects are important to protect the integrity of the licence model and maintain a level playing field,” Esther Scheepers added.

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