News
Anti money laundering, Arrotino (SKS365) at AML EXPO: “The operators of public gaming are the first guardians of legality against criminal infiltrations”
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Attending the Expo also Prof. Razzante, President of the Italian Association of Anti Money Laundering Managers and VP of SKS365 supervisory body: “Gaming attracts criminality just as public procurements, housing and garbage management, but the prejudice on its ‘morality’ hurts the system.”
A second appointment for AML EXPO – this time in Milan – where specialists and Gaming professionals have gathered to refer on the state of the art of the sector, its technological achievements (both digital and normative), against money laundering, issue at the center of the debate organized by White List Warranty and Acuris Risk Intelligence.
After attending last May in Rome, Antonio Arrotino, AML Manager and MLRO of SKS365, has rekindled the issues concerning the risks of organized crime infiltrations in the gaming sector, underlining how operators must aim at a conjunct and shared operations in order to reduce the vulnerability of the system.
“Organized crime looks at the gaming sector as a profitable opportunity and for this reason tries to unduly enter the segment by methods that range from extortion to the creation of actual parallel networks, from the alteration of slot machines to the manipulation of sport events (match fixing) – stated Arrotino, which is also Responsible for the games segment at the Italian Association of Anti Money Laundering Managers – Moreover, if we also add individual offences (frauds, theft of sensible data, etc..) and understand that this is a billion Euro “market”, precisely 105 in 2018, the extension of this risk is under the eyes of all.”
If users and, in general, consumers are the first victims – often unaware – of these mechanisms, the legal industry is strongly exposed and damaged not only economically, but also in the image and perception of security. The latest advances in technology and regulation, combined with a renewed awareness that is becoming increasingly present in the sector, put in each operator’s hand a valuable opportunity to become the first guardian of legality. Here, the key words are: prevention, collaboration and control.
“We need cohesion among all actors involved. We need to share the same commitment against illegality, not just as a simple daily routine but as an ethical mission and responsibility at all levels: inside and outside companies, on and offline, towards customers and alongside the institutions – continued Arrotino – Anti-money laundering facilities are valid as control and protection systems, but behind these devices are people: specialists, officials and experienced professionals. The first step is to fill the gray areas, defend the boundaries of legality and make common front against an enemy now increasingly prepared and – therefore – extremely dangerous.”
The numbers presented go precisely in the direction expressed by Arrotino: “The SOS, or Reports of Suspicious Operations (‘Segnalazioni di Operazioni Sospette’ in Italian), are very useful to start financial and, if necessary, investigative actions. In 2017, 2,600 SOSs were filed to the UIF – “Financial Information Unit” (‘Unità Informazioni Finanziarie’) and forwarded by gaming service providers. By comparison, there were 5,067 in 2018 and just in the first half of 2019 we are at over 3,000 (out of a total of 51,201 sent by all the obliged parties). This does not mean that crime has increased, it means that attention has indeed increased, and this bodes well for the year about to end.”
“The system of money laundering prevention and related financing of Italian terrorism is among the best in the world and its authorities are among the most attentive and consulted, especially from European counterparts – quoted Ranieri Razzante, President of the Italian Association of Anti Money Laundering Managers, Professor of anti money laundering Legislation at the University of Bologna and VP of the supervisory body at SKS365, one among the AML EXPO speakers – the history of organized crime infiltrations in the gaming market must be kept out of the rhetoric that necessarily sees the complicity of sector operators with respect to the phenomenon. I can guarantee – adds Razzante – That the studies done so far and the results of concrete investigations give us an obvious fact: the gaming sector attracts organized crime as much as procurement, construction, waste disposal and many others. In this sense, anti-mafia controls planned in Italy are indeed penetrating, but it’s the prejudice about the ‘morality’ and structural stability of this market that really hurts the system. Lastly, it should not be forgotten that the gaming sector is one of the main Italian tax payer entities and that it has state-of-the-art internal control mechanisms, so that in the last year alone, reports of suspicious transactions received by the FIU have doubled compared to 2018, exceeding by far those of the entire sector of the freelancers. For years – concludes Prof. Razzante – I’ve been supporting the urgency of creating a regulatory review that will finally lead to the drafting of a ‘single normative text on games’, since the legislative framework on this delicate subject is still too cumbersome.“
Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Anti money laundering, Arrotino (SKS365) at AML EXPO: “The operators of public gaming are the first guardians of legality against criminal infiltrations”
Latest News
What makes Turbo Games’ provably fair games so special?
A partnership between game developer Turbo Games and iGaming solution provider and aggregator Slotegrator began in November 2022 via the APIgrator game integration solution. Since then, the collaboration has been developing successfully — and now it’s time to analyze what made it successful.
Turbo Games has noticed how the new technologies spreading throughout the industry can work for the good of brand transparency and player loyalty: “We can already see how blockchain technology has made it possible to make betting checks more accessible to players. All you need is a blockchain-hash and a decoder service. We think we will continue to move in this direction. Many traditional online casinos do not offer the possibility to check the bet. Sooner or later we all have to come to this. Perhaps the development of artificial intelligence will help here, because we are already seeing its involvement in all spheres of human life.”
Turbo Games specializes in provably fair games. Provable fairness is a concept where players can verify their wins or losses using blockchain technology — the outcome of the game is dictated by a smart contract and is absolutely random, barring the possibility of any human involvement. Using cryptographic hashing algorithms, the gambling site and the player’s device both generate seeds (random strings of numbers). Players receive a key that allows them to check the results; if the results are the same as the game round they witnessed, it proves that there was no foul play.
According to statistics from Turbo Games, the audience for provably fair games is mostly between 18 and 25 years old. However, there are also players aged 35-40 who prefer traditional games but would like to try something new, and have turned their attention to provably fair games.
There are good odds that the technology of provably fair games will become more popular, if not even commonplace, because it gives players a feeling of transparency and proves that the business is trustworthy without the need to search through dozens of reviews. Whereas many innovations in iGaming simply add entertainment, provable fairness addresses security concerns and reassures players that they’re not being exploited, which is invaluable.
Provably fair games are beneficial for both players and online casinos. Vadim Potapenko, Head of Sales at Turbo Games, comments: “It often happens that the users are not satisfied with the result, because gambling is not only about big wins, but also possible losses. By allowing them to check the fairness of a bet, we make life easier for platforms and players. Of course, this allows us to communicate with partners and users that we work honestly and that’s why they should trust our games.”
Ayvar Gabidullin, Business Development Manager at Slotegrator, adds that “this type of game is now becoming more and more popular and has great potential for both players and game providers in the future. On the part of the player, the advantage is that the player can always be sure that his game is fair and he can independently check any of his bets. And for the game provider, this also simplifies the process of implementing casino games, since now it will not be necessary to obtain the appropriate certificates from independent laboratories before launching new games, they can immediately enter the market with these games and where anyone can check the result and make sure that that there is no cheating with players. Many game providers are starting to look towards this type of game. And as far as I see, many operators are starting to think about adding these games.”
What do players in 2023 need? The iGaming industry is all about reputation and trust. Players have a huge number of platforms to choose from, making them pickier and pickier. There’s an abundance of forums where players leave reviews, so if players view a brand as untrustworthy, there are plenty of places they can share their opinion. Provable fairness not only stops that from happening, it provides evidence to the contrary, giving players something else to talk about.
Slotegrator also recommends investing time and effort into localization and creating an effective and detailed marketing strategy — before trying provably fair technology players need to get to the platform, and there is no acquisition without marketing.
ABOUT SLOTEGRATOR
Since 2012, Slotegrator has been one of the iGaming industry’s leading software and business solution providers for online casino and sportsbook operators.
The company’s main focus is software development and support for online casino platforms, as well as the integration of game content and payment systems.
The company works with licensed game developers and offers a vast portfolio of casino content: slots, live casino games, poker, virtual sports, table games, lotteries, casual games, and data feeds for betting.
Slotegrator also provides consulting services in gambling license acquisition and business incorporation.
More information: https://slotegrator.pro/
ABOUT TURBO GAMES
Turbo Games — a provably fair games provider that belongs to Turbo Stars company — has an ambitious goal to establish widespread recognition throughout the iGaming world. Even though it is young, the company consists of professionals who have been working on the brand for over five years and are even planning to introduce a new brand for a wider audience soon.
Turbo Games also works in Europe, India, and South Africa, where the company sees the most potential and expects the same “hype” as in Brazil.
The portfolio of Turbo Games consists of 21 titles, including well-known games like Mines, Crash X, DoubleRoll, Hi-Lo, and Plinko. The studio releases a game every month. However, not all games are developed from scratch. Wicket Blast and Spin Strike, the last two releases, are based on cricket and the Indian Premier League. Crash X remains the most popular fast game in the Turbo Games portfolio, and the studio reports that crash games enjoy stable levels of popularity. Overall, the main focus of the brand is provably fair games.
More information: https://turbogames.io/
Baltics
Games Factory Talents has teamed up with Nordic Game to bring you Nordic Game Talents.
Looking to take your career to the next level in the games industry? Then, Nordic Game Talents is the place to be! Games Factory Talents has teamed up with Nordic Game to bring you Nordic Game Talents.
From Oct 27-29, the online and interactive event is dedicated to recruitment and career building in the creative & games industry within the Nordic region. The event empowers participants to be part of a bigger community and motivates them to explore new paths in achieving their career goals.
Hiring creative & games studios – Supercell, Funcom, Panzerdog, Tactile Games, Gamecan, Fingersoft, Dazzle Rocks, Redhill Games to name a few from the Nordic region will be participating in the event. These studios will share information on their latest projects, work culture and what it takes to be part of their team. The individual games associations from Finland, Denmark, Sweden, Norway and Estonia will share insights through live sessions on the booming games industry in their respective countries. Career development topics pertinent to job seekers like – How to have a successful first interview, Creative Portfolio reviews will also be discussed.
Experienced game industry professionals and individuals beginning their careers from around the world are welcome to join the event. One-to-one interviews with the hiring studios can be scheduled through the event platform. A great opportunity to get to know the studios and network with game professionals from around the world.
Participating in the event
As a job seeker attending Nordic Game Talents, take a few minutes to fill out a simple registration form. After filling the registration form you will receive a link to the online event platform – PINE, to join the event on 27th October. Participants joining Nordic Game Talents will also receive a free-of-charge pass to the Nordic Game Conference.
To view the complete agenda, please click here and to learn more about the event please visit Games Job Fair
About Games Factory Talents
A Helsinki-based talent attraction agency dedicated to the games & creative industry. Our services include direct recruitment, organizing game job fairs and managing a community of game industry professionals through our GameDev Talent Board.
To learn more about Games Factory Talents visit – Games Factory Talents
810 THE SPREAD
Cumulus Media Launches 810 THE SPREAD, the Bay Area’s First Sports Station Focused on Sports Betting
Cumulus Media (NASDAQ: CMLS) announces that it has launched the Bay Area’s first Sports radio station focused on sports betting, 810 THE SPREAD. The new station brings sports and sports betting news, information, and insights to the burgeoning and underserved sports betting audience in San Francisco. 810 THE SPREAD will deliver behind-the-book perspectives from experts in a highly entertaining and engaging format. 810 THE SPREAD goes live today on the legendary 810am frequency that has been the 80-year home of historic Talk Radio KGO-AM. Cumulus San Francisco also launched the station’s new website at www.810thespread.com. Kevin Graham, Program Director of Cumulus’ sister sports stations KNBR 680AM/104.5FM and 1050 KTCT, adds Program Director duties for 810 THE SPREAD.
Larry Blumhagen, Vice President/Market Manager, Cumulus San Francisco, said: “810 THE SPREAD joins our sports brands KNBR 680AM/104.5FM and 1050 KTCT for a trifecta of dynamic sports content across four signals and streaming everywhere. We are excited about this new chapter and look forward to serving the Bay Area’s passionate sports fans in an incomparable way.”
Blumhagen added: “This is a bittersweet day for us, as it’s hard to say goodbye to the legendary KGO, which has been a part of listeners’ lives for so many years. We want to thank all the people who have been a part of KGO’s historic run these many years – and the listeners who loyally tuned in to the station. Times change, and we must change with them.”
Kevin Graham, Program Director, 810 THE SPREAD, said: “810 THE SPREAD will be the Bay Area’s best bet for sports fans and sports betting enthusiasts, and we are pleased to introduce sports-betting radio to our community. The station will feature a lineup of expert personalities that deliver unique sports talk and sports betting insights that entertain, inform, and engage, along with Cal Football and Basketball as well as select professional and college sports play-by-play events. While 810 THE SPREAD will feature specific gambling information, we believe our entertaining presentation will make it a favorite for all Bay area sports fans and a perfect complement to the legendary KNBR and KTCT. With its addition, it truly shows Cumulus’ commitment to the Bay area as ‘The Sports Leader’!”
The weekday programming lineup for 810 THE SPREAD includes:
6am-9am – Bet QL Daily – The must-consume show for sports fans and betting fans alike. Hosted by Joe Ostrowski, Joe Giglio, and Erin Hawksworth.
9am-12pm – Jim Rome - Aggressive, informed sports opinions, rapid-fire dialogue, and plenty of sports smack. As one of the most prolific sports talk hosts in America, Rome draws massive tune-in with legions of fans known as clones, who live for Rome’s take on the day’s largest issues in sports.
12pm-4pm – You Better You Bet – Nick Kostos and Ken Barkley have you covered for the best bets on the biggest matchups, the latest line movement and updates in the futures market. We’ll have up-to-the-minute coverage of backdoor covers and bad beats, and the cheers and tears that come with them. It’s sports betting conversation like you’ve never heard before.
4pm-8pm – Bet MGM Tonight – Live sports betting updates for all the night’s games as they happen – plus live “look-ins” for Major League Baseball games in progress. Get the latest scores, sides, totals, props, parlays, futures, and much more with hosts Quinton Mayo, Trysta Krick, and Ryan Horvat.
8pm-12 Midnight – CBS Sports Radio
BetQL Network programming is provided by Cumulus Media’s Westwood One through a partnership with Audacy.
For more information or to stream 810 THE SPREAD, visit: http://www.810thespread.com.
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