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Rival Casinos Blocking UK Market
Monday July 27,2015 : RIVAL ONLINE GAMBLING SOFTWARE PROVIDER PULLS OUT OF U.K. MARKET
Players and affiliates advised that exit is effective July 25 2015.
Online gambling turnkey provider Rival Gaming has departed the UK market, according to communications from licensees to players and affiliates, who have been advised that all UK action is blocked from July 25.
Although no official reason for the exit has been given, Rival is active in several parts of the world, and it has been speculated that the comprehensive new UK licensing regulations applicable to software suppliers may be too difficult to comply with at this point.
Licensing involves certain mandatory operational disclosures, and compliance may make some companies uncomfortable.
In its recent annual report the UK Gambling Commission noted that since the new regulations came into effect there has been little evidence of black market activity, and it is clear that a good number of operators have discontinued UK operations rather than contravene the regulations and risk more difficult operational activity and possibly enforcement actions.
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IS DAN BILZERIAN A POKER FISH? -
Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,
AMAYA C.F.O. RETIRES -
Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday.
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.
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