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SafeCharge in Deal With SunBingo and Fabulous Bingo
SAFECHARGE IN MAJOR ONLINE BINGO DEAL
Teddy Sagis payment solutions company continues to prosper.
Playtech major shareholder Teddy Sagis sally into the online payments solution sector through his SafeCharge plc enterprise continued to prosper this week with the announcement that the company has been signed to provide services to the Sun newspaper’s gaming brands, SunBingo and Fabulous Bingo.
The arrangement with the Sun’s brands will see Safecharge provide a unique platform-agnostic solution based on Safecharge’s personalised cashier, alongside the companys card-acquiring facilities and proprietary fraud prevention platform.
Safecharge will also be providing descoping of the Sun’s PCI DSS (Payment Card Industry Data Security Standards) liability. This relates to the need for all merchants to store the payment details of all customers securely. DE scoping means that merchants can securely migrate and store all credit card numbers in Safecharge’s own vault.
The company also posted its latest (H1-2016) results, reporting that revenues are up 5 percent year-on-year at $52.2 million, with adjusted EBITDA up 10 percent to $16.8 million.
David Avgi, chief executive at SafeCharge, said the companys acquiring services operation was performing ahead of expectations since launch last September, with more than 10 percent of group transactions processed through its own platform in June 2016.
Processing volumes for the entire business hit $4 billion, up from $3.3 billion in the same period the year previously, he revealed.
Prominent companies that have signed with SafeCharge over the H1-2016 period include Paddy Power Betfair and SB Tech.
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Opap in memorandum of understanding With Inspired -
Virtual sports provider Inspired has entered into a memorandum of understanding (MOU) with Greek betting and lottery operator OPAP for the supply of its full suite of virtual sports, for integration online and across OPAP's retail network.
DeltaCorp To Acquire ace2three -
Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month
More Australian POC Taxes -
In an interview with The Australian, Tabcorp chief executive offer David Attenborough warned “global rivals” of his belief that other Australian states are moving fast to follow South Australia’s lead in implementing a point of consumption tax.
William Hill Exits Russia -
"Starting from September 23 William Hill Casino Club will terminate its activities in the Russian territory for legislatory reasons. All active customer accounts will be suspended," the advisory reportedly detailed.
Pennsylvania Online Gambling Hearing Postponed till October -
HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.
Two Mega Fortune Dreams Jackpots Hit -
Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.
ASA Looking at Ladbrokes and Netbet ads -
A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.
Betconstruct In Deal With Realistic Games -
BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.
XLMedia Half 1 2016 Earnings Report -
Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.
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