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Realistic Game Gets UK Gambling License

Tuesday August 5,2014 :  REALISTIC GAMES AMONG FIRST TO BE HANDED NEW U.K. LICENCE
 
Remote gambling software operating licence gives supplier a head start.
 
British online gambling software developer Realistic Games has become one of the first producers of slots and table games to be granted a Remote Gambling Software Operating Licence by the UK Gambling Commission.
 
The company is now among only a handful of suppliers who have the required licensing in place to comply with the new Gambling (Licensing and Advertising) Act which comes into effect on October 1.
 
The Act requires operators that provide remote gambling services to British consumers to obtain a UK licence. From January 2015, these operators will also require their suppliers to be licensed in the UK too.
 
Realistic’s commercial director, Andy Harris, believes the granting of the licence well in advance of the legislative changes is important for both existing and prospective customers.
 
He said: “There are many things for our customers to attend to as a result of the introduction of the Act, so getting our licensing in place early gives them one less thing to worry about.
 
“Furthermore, we hope that it provides potential customers with another positive reason to choose Realistic Games as a new supplier partner.
 
“This licence represents a significant step for us. We’ve worked closely with the Gambling Commission throughout the application process and have now passed the most stringent tests of probity and due diligence.
 
“Just as importantly, we are ahead of most of our rivals. As we are already compliant with the new regulations we’ll not be caught up in any last minute scramble to gain licences or comply with the new regulations.”
 
The grant of this licence follows the award of a B2B Remote Gambling Licence in Gibraltar to the Realistic Games group in February 2014.
 
Among the major UK-facing operators Realistic now supply cross-channel content to, are bet365, Ladbrokes, William Hill, BetVictor, and Paddy Power.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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