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The WEEK in REVIEW
A Weekly Snapshot of the Top Lottery and Gaming News Stories


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Vol. 85 No.6 - Monday November 5, 2018


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IGT Extends Contract to Provide Instant Ticket Services to the Texas Lottery Commission

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LONDON, U.K. (October 30, 2018) -- International Game Technology PLC (IGT) (NYSE: IGT) announced that its subsidiary IGT Global Solutions Corporation (with International Game Technology PLC, hereinafter "IGT"), has signed a six-year contract extension with the Texas Lottery Commission ("Texas Lottery") to continue printing instant tickets. The extension will run through August 31, 2024.

IGT is the global leader in gaming. We enable players to experience their favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Interactive and Social Gaming. Leveraging a wealth of premium content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play. We have a well-established local presence and relationships...

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IGT and the Texas Lottery have worked together to develop key product strategies which have enhanced the Lottery's portfolio of games and delivered increased sales. Texas was the first jurisdiction in the U.S. to launch IGT's Super Ticket™, offering players the chance to play multiple games on a single, oversized instant ticket. In collaboration with the Texas Lottery, IGT also developed the successful Loteria line at the $3, $5, and $10 price points, with a $20 "Million Dollar Loteria" ticket scheduled to launch in November.

"IGT and the Texas Lottery Commission have established a valuable partnership since the Lottery's inception in 1992, and IGT looks forward to furthering our longstanding relationship through this contract extension," said Jay Gendron, IGT Chief Operating Officer, Lottery. "Together with the Lottery, we will continue to deliver innovative games to Texas Lottery players to help increase sales, attract new players, and maximize contributions for education and Veterans."

In addition to instant tickets, IGT provides the Texas Lottery with lottery central systems, data center operations, field sales organization, retail sales and support, warehouse and distribution, call center, and marketing services.

About IGT

IGT (NYSE:IGT) is the global leader in gaming. We enable players to experience their favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Digital and Social Gaming. Leveraging a wealth of premium content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has more than 12,000 employees. For more information, please visit www.igt.com.

CONTACT:

 

Robert K. Vincent,

Corporate Communications,

toll free in U.S./Canada (844) IGT-7452; outside U.S./Canada (401) 392-7452

James Hurley,

Investor Relations,

T: (401) 392-7190

Simone Cantagallo,

Italian media inquiries,

T: (+39) 06 51899030

 

SOURCE: International Game Technology PLC (IGT).

 

 

Pollard Banknote Announces the Closing of the Acquisition of Schafer Systems

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WINNIPEG, Canada (Oct. 31, 2018) -- Pollard Banknote Limited (TSX: PBL) ("Pollard Banknote" or "Pollard") is pleased to announce the closing of the previously announced purchase ("Acquisition") of substantially all of the operating assets and business of Schafer Systems Inc. ("Schafer"), the leading global provider of lottery ticket dispensers and play stations.

Today's announcement follows completion of the closing conditions included in the definitive agreement dated September 25, 2018.  As part of the former Employee Stock Ownership Plan ("ESOP") the employees and former employees of Schafer who remained members of the ESOP, and the ESOP Trustee, were required to approve the transaction through a formal vote, which we are happy to announce was overwhelmingly in favour of the Acquisition.

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"We are very pleased to close the Acquisition and particularly gratified with the vote of confidence provided by our new colleagues at Schafer," stated Doug Pollard, Co-Chief Executive Officer of Pollard.  "We look forward to providing lotteries the same great service and innovative retail products they are used to receiving from Schafer and, in combination with the resources available in Pollard, expanding Schafer's reach to new geographic and technological opportunities.  The Schafer retail knowledge base will fit extremely well in the Pollard portfolio of tools available to our lottery customers and assist us greatly in maximizing growth at the retail level."

Schafer was founded in 1986 in Adair, Iowa and has built its business largely on creating innovative products including lottery ticket dispensers and point of purchase displays for the lottery industry.  As the foremost supplier of lottery ticket dispensers, Schafer has partnered with all 44 existing U.S. lotteries and over 50 lotteries in other countries during its three decades in business.  Based in western Iowa, Schafer employs approximately 50 full-time employees and is the recognized leader in assisting lotteries to efficiently and effectively distribute their instant-win scratch tickets to consumers.

With a focus on solutions to increase sales at the retail location for the lottery industry, and on the development of innovative and proprietary products, Schafer is a leader and key partner to the lotteries for on-counter and wall mounted modular dispensers with promoters, in-counter dispensers, ticket menu boards, check writers, literature holders, promotional products, mounting fixtures, pop-ups, stands, play stations, and game centers in a variety of sizes, configurations, and materials.

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The total Acquisition purchase price was $23.5 million U.S. dollars (approximately $30.6 million CDN dollars using an exchange rate of $1.30 CDN dollar per U.S. dollar) prior to any standard working capital adjustments, with 100% all cash consideration being funded from existing Pollard Banknote cash resources and availability under our existing senior credit facility.  Schafer has a long history of profitability and the Acquisition is expected to be accretive to Pollard Banknote's net income.

John Pollard, Co-Chief Executive Officer of Pollard Banknote concluded, "Our strategic vision continues to set the foundation for our business: being the partner of choice for the lottery and charitable gaming industry.  The closing of the acquisition of the Schafer business is another important step in achieving that vision.   Adding the industry leading solution in the retailing of instant tickets follows that vision and allows Pollard to remain the thought leader among the suppliers to lotteries around the world. We look forward to working with the great team at Schafer."

About Pollard Banknote

Pollard Banknote is a leading lottery partner to more than 60 lotteries worldwide, providing high quality instant ticket products, licensed games, and a full suite of digital offerings ranging from game apps to comprehensive player engagement and iLottery solutions, including strategic marketing and management services. The company is a proven innovator and has decades of experience helping lotteries to maximize player engagement, sales, and proceeds for good causes. Pollard Banknote also plays a major role in providing pull-tab tickets, bingo paper and its Diamond Game and Oasis-branded electronic ticket machines to charitable and other gaming markets in North America. Established in 1907, Pollard Banknote is owned approximately 67.6% by the Pollard family and 32.4% by public shareholders, and is publicly traded on the TSX (PBL). For more information, please visit our website at www.pollardbanknote.com.

SOURCE Pollard Banknote Limited.

 

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A New Way to Purchase Lottery Plays from a Grocery Check-Out Lane Has Launched in Kentucky

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LOUISVILLE, Kentucky (October 29, 2018) -- The new text-to-play Lottery Card allows Kentucky consumers to buy and play Powerball® and Mega Millions®. The Lottery Card can be found in checkout lanes and on gift card racks in Kroger stores statewide. Kentucky is among the first states to debut this new option.

The Lottery Card pairs a fun, digital way to play the lottery with the convenience of a gift card,” said Tom Delacenserie, President & CEO of the Kentucky Lottery. “This great new way to play embraces modern consumer preferences for convenience and digital play, all while making the purchase directly from the check-out lane.”

The Lottery Card provides a host of consumer benefits:

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  • No more lost tickets – quick pick numbers are sent to the player’s phone via text and picture message;
  • No need to check numbers – players are notified via text and picture message if they win;
  • No uncollected prizes or need to return to the store to collect low-tier wins (under $600) – every time players win they get paid electronically via PayPal;
  • Buy at ANY checkout – Lottery Cards can be purchased at any checkout in a participating retailer, not just the service desk;
  • Lottery Cards are reusable – players keep their cards for high-tier wins (over $600) and for easy replay the next time they return to the store.

 

Lottery Cards are currently available for both Powerball and Mega Millions, and cost $10 for five plays and $20 for 10 plays. Consumers are charged the cost of their chosen Lottery Card plus $0.89 for Mobile Play Benefits

To play, consumers simply purchase the Lottery Card at their favorite Kroger location. When ready to play, the player texts in the Lottery Card’s unique code to a specified number, provides their name and confirms their location to complete a one-time card

enrollment. The player then receives a picture message with their quick pick numbers,

draw date and other transaction information. Winners are notified via text and picture

message and most winnings are paid automatically via PayPal. After enrolling, players can use their Lottery Card to play again and again by presenting it at checkout. After paying, players automatically receive their next set of quick pick numbers via text.

Kroger has been a fantastic partner in this launch,” said Delacenserie. “Now, shoppers have a lottery product they can find in multiple locations throughout the store, including the gift card racks and check lanes, and they can purchase the Lottery Cards as they are checking out, along with their other groceries. We’re thrilled to be able to provide players a new way to purchase, play, gift and win the Kentucky Lottery. And, any additional sales means more proceeds for the scholarship and grant programs we fund.”

More details regarding this new way to play, including where to buy the Lottery Card, are available at kylottery.com/lotterycard.

CONTACT: Chip Polston | Sr VP of Communications, PR and Social Responsibility, T: +1 502 560-1675.

SOURCE: Kentucky Lottery Media release.

 

 

EquiLottery Games, Kentucky Lottery Announce 45 Locations Selling Win Place Show Trial

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Louisville, KY (October 29, 2018) -- In preparation for the trial launch of Kentucky’s Win Place Show game beginning March 24, 2019, EquiLottery Games and the Kentucky Lottery have announced the 45 stores committed to offering the game. The locations represent an even split between the Louisville, Lexington and Northern Kentucky markets. They also feature a mixture of independently-owned and corporate retailers.

We are very pleased with the results of this recruitment effort,” said Kentucky Lottery Corporation President and CEO Tom Delacenserie. “We set a list of 90 stores to be considered for the pilot with an expectation that not all stores would be willing to take on the complications of a trial run. That expectation was quickly eliminated as our retailers enthusiastically accepted the challenge. This process has been another reminder of how exceptional our retailer family is in Kentucky.

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A complete list of retailers and locations can be found here which includes four major corporate chains – Circle K, Kroger, Speedway and Thorntons. Weeks prior to the launch of this trial, these locations will feature information about Kentucky’s Win Place Show game, including how to play the game and download the game’s mobile app. The trial will be marketed primarily through in-store advertisements with some push through digital and social media. Success metrics will be built based on the level of draw game activity in each store and this targeted marketing approach.

Working with Tom Delacenserie and the Kentucky Lottery team has been a dream since we officially began this process in June,” said EquiLottery Games CEO Brad Cummings. “One axiom nearly every lottery in the U.S. abides by is the idea that retailer reception is the leading indicator for a new lottery game’s success. That makes the ease of the retailer recruitment effort even more rewarding. It validates our belief that Kentucky’s Win Place Show game will prove to be an exciting new game that grows the lottery player base and increases funding for the good causes the Kentucky Lottery supports.”

About EquiLottery Games

The creators of Kentucky’s Win Place Show, a lottery game based on the results of live horse racing being offered by the Kentucky Lottery beginning March of 2019, EquiLottery Games has evolved into the leader of a new live sports category for state and provincial lotteries. Developing a series of live sports games of pure chance protected by US and Canadian patents, EquiLottery Games supports its lottery offerings through a series of products and services that make its games plug-and-play for its state lottery customers. These include systems integrations, mobile apps, video streaming, intellectual property licensing, sports licensing, horsemen negotiations, calendar development, data licensing, second chance raffle prizes and multi-channel marketing support.

Click here for a complete list of stores and addresses.

CONTACT: Brad Cummings, T: (502) 644-1454.

SOURCE: EquiLottery Games press release.

 

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Four New Scratch-Off Games From The Florida Lottery Make The Perfect Gifts This Holiday Season

 

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TALLAHASSEE, Florida (October 29, 2018) -- Today, the Florida Lottery launched a new family of holiday-themed Scratch-Off games. The four new games, $2,000,000 HOLIDAY BONUS, $1,000,000 HOLIDAY BONUS, $50,000 HOLIDAY BONUS and $10,000 HOLIDAY BONUS, offer more than $167 million in cash prizes and feature more than 17.5 million winning tickets!

The HOLIDAY BONUS family of Scratch-Off games make a great addition to any gift or can be the perfect gift all on their own when you ‘wrap’ them in our special holiday envelope! We encourage our players to ‘gift’ responsibly, and keep in mind that Florida Lottery products are intended for adults 18 and older. All Lottery retailers are expected to have these new tickets in stock and available for purchase within 72 hours.

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  • The $10 game, $2,000,000 HOLIDAY BONUS, gives players the chance to win more than $62.5 million in prizes, including two top prizes of $2 million! The game’s overall odds of winning are one-in-3.39.
  • The $5 game, $1,000,000 HOLIDAY BONUS, offers more than $54.5 million in prizes, including six top prizes of $1 million! The game’s overall odds of winning are one-in-4.05.
  • The $2 game, $50,000 HOLIDAY BONUS, features more than $32 million in prizes, including six top prizes of $50,000! The game’s overall odds of winning one-in-4.41.
  • For just $1, $10,000 HOLIDAY BONUS features more than $17.5 million in prizes, including 36 top prizes of $10,000. The game’s overall odds of winning one-in-4.88.

 

Players can also enter their non-winning HOLIDAY BONUS Scratch-Off tickets into the “$10,000 Holiday Bonus” Second Chance Promotion for the chance to win cash prizes of $1,000 to $10,000!

Three drawings will be held between November 21, 2018, and January 2, 2019. In each of the three drawings, three winners will each receive $10,000, seven winners will each receive $5,000, and 35 winners will each receive $1,000.

All entries are weighted by price point, giving players the chance to earn up to 10 entries per ticket.

Scratch-Off games are an important part of the Lottery’s portfolio of games, comprising approximately 69 percent of ticket sales and generating more than $871 million for the Educational Enhancement Trust Fund (EETF) in fiscal year 2017-18.

ABOUT THE FLORIDA LOTTERY

The Florida Lottery is responsible for contributing more than $34 billion to education and sending more than 808,000 students to college through the Bright Futures Scholarship Program.

The Florida Lottery reinvests 98 percent of its revenue back into Florida's economy through prize payouts, commissions to more than 13,000 Florida retailers and transfers to education.

Since 1988, Florida Lottery games have paid more than $61.2 billion in prizes and made more than 2,000 people millionaires. For more information, please visit www.flalottery.com.

CONTACT: Florida Lottery Communications, T: (850) 487-7727.

SOURCE: Florida Lottery (www.flalottery.com).

 

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Loto-Québec Continues to Perform Well in 2Q FY2018-19

MONTRÉAL, Canada (October 29, 2018) -- Now halfway through the fiscal year, Loto-Québec is in a strong position. Indeed, consolidated revenues reached $1.394 billion, an increase of $61.9 million (+4.6%) compared to the same period last year. Net income was reported at $721.6 million, up by $43.0 million (+6.3%).

 

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HIGHLIGHTS

  • Lotteries
    All product categories are on the rise. Lotto Max recorded excellent sales (+45.3%) thanks to the many major jackpots offered. Sales also increased for instant lotteries due to more dynamic offerings (+21.3%).
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  • Casinos
    Overall, casinos reported good results with revenues up by 0.4%. The Casino de Montréal celebrated its 25th anniversary on October 9, and related festivities will continue throughout the coming year.
  • Gaming halls
    Gaming halls continue to grow, while the withdrawal of video lottery terminals resulted in a decrease in revenues for the bar and brasserie network. Pilot project preparations for launching our new electronic bingo offering called bingo+ are now complete. Bingo+ has been available in the first hall since early October. Remember that bingo is an important source of financing for many non-profit organizations.
    The popularity of the lotoquebec.com online gaming site remains strong, reflected by the 32.6% increase in revenues.

 

 NOTE: Due to new accounting methods, prizes paid out are now deducted from lottery, bingo and Kinzo revenues, as was already the case for casinos and video lotteries (more details are available on page 6 of the quarterly report). Figures for 2017-2018 were therefore adjusted. Gross profit and net income were not affected.

 

The quarterly report is available on Loto-Québec’s website.

 

SOURCE: Loto-Québec.

 

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Government Introduces New Point of Consumption Tax to Help Fund Gambling Harm Measures

SYDNEY, NSW, Australia (October 29, 2018) -- The new 10 per cent Point of Consumption tax on online wagering by NSW residents will provide $5 million per year for measures targeting gambling harms.

Minister for Racing Paul Toole said the funding boost means the Responsible Gambling Fund can expand its work in preventing and reducing gambling harms.

As the Point of Consumption tax closes a loophole in wagering laws by capturing online and telephone betting, it makes sense to reinvest revenue from the tax into prevention and harm minimisation programs in this area,” Mr Toole said.

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Legislation for the new tax will be introduced to Parliament today and the tax is expected to start from 1 January.

Online betting is experiencing the fastest growth of all gambling. The additional funds from the Point of Consumption tax will enable the Government to build on the work we’ve already done in this space,” Mr Toole said.

Last year, we launched the innovative Betiquette advertising campaign targeted at young men aged 18 to 35 who make up the vast majority of sports bettors.

The Responsible Gambling Fund is guiding the Government’s approach to preventing and reducing gambling in the community and in 2018/19 will spend a record $25 million to support harm minimisation and prevention programs.”

Mr Toole said the newly created Office of Responsible Gambling’s first Strategic Plan, launched last week, also outlines measures targeting online and telephone betting.

The Point of Consumption tax will also provide an extra $4 million per year for the new Greyhound Welfare and Integrity Commission. This is on top of the $41 million already committed to set up the new regulator and improve track safety.

To ensure the racing industry is not negatively impacted by the tax, it will receive two per cent of total taxable net NSW wagering revenue.

This is expected to be around $40 million for a full financial year, split between the three racing codes.

CONTACT: Ashley Gardiner, T: 0429 063 494.

SOURCE: Office of Paul Toole, Minister for Lands and Forestry, Minister for Racing.

 

 

BCLC Engages Auditor to Support Anti-Money Laundering Program

Monitoring Underway to Ensure Integrity of Source of Funds Reporting

VANCOUVER, BC (October 23, 10, 2018) -- BCLC is taking action to ensure that its Casino Service Providers are completely and accurately recording information regarding the source of players’ funds as part of its commitment to the prevention of money-laundering activities in B.C. casinos

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BCLC has engaged a third-party auditor to undertake independent monitoring at B.C.’s three busiest casinos to support their compliance with BCLC’s Source of Funds declaration requirements, implemented in January 2018 following an interim recommendation from Dr. Peter German as part of his independent review of B.C.’s anti-money laundering policies and practices in Lower Mainland casinos.

As an industry, we are actively engaged and committed to continually improving the anti-money laundering practices in B.C. casinos to stay current with an ever-changing challenge,” said Jim Lightbody, President and CEO, BCLC. “For instance, it is essential that BCLC work together with our casino service providers to ensure that source of funds declarations completely and accurately record the necessary information as one means to help keep dirty money out of B.C. casinos.”

BCLC’s initial monitoring of its Service Providers’ compliance with source of funds declaration requirements determined the need for the additional third-party oversight. As such, additional monitoring at River Rock Casino Resort, Grand Villa Casino and Parq Vancouver is underway to ensure that registered gaming workers are consistently and completely accurate in gathering detailed information on the source of player funds for all transactions of $10,000 or more. This additional monitoring will continue until BCLC is satisfied that its service providers are fully compliant.

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In addition to third party monitoring, BCLC is also working with B.C.’s gambling regulator, the Gaming Policy and Enforcement Branch (GPEB), which is auditing the overall source of funds process. BCLC will continue to work in collaboration with the regulator to support ongoing monitoring and success of the policy.

Effective January 10, 2018, all cash and bank draft / certified cheque buy-ins for $10,000 or more, in one or more transactions within a 24-hour period, require a source of funds declaration. The declaration must include the financial institution, branch number and account number related to the buy-in as well as the customer’s signature. Depending on the circumstances, customers may also be required to provide supporting banking documentation. This information is required before a customer is allowed to buy in.

The registered gaming worker conducting the transaction at the cash cage is also required to certify that he or she received a source of funds declaration directly from the customer, and completely and accurately recorded that information. If a customer does not provide the required information, provides information that raises concern or refuses to sign the source of funds declaration, the Service Provider must refuse the transaction, document the refusal, and notify BCLC and GPEB, which will trigger further inquiries and could result in a police investigation.

For more information, please CONTACT: BCLC Media Relations, T: 604.225.6460, E: mediarelations@bclc.com.

SOURCE: BCLC Press release.

 

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Total Sports Betting Expenditure in Australia Between 2016–2017 Increased from $921 million to $1.062 billion (15.3 Percent Increase)

Latest Edition of the Australian Gambling Statistics Released

AUSTRALIA (October 25, 2018) – The latest edition of Australian Gambling Statistics contains 2016–2017 gambling statistics for all Australian states and territories.

This comprehensive set of data covers the entire range of legalised Australian gambling products such as pokies, casino, race betting, sports betting and lotteries.

It provides a wide range of gambling data, including total turnover, total expenditure, per adult turnover, per adult expenditure, percentage change in turnover and expenditure each year, market share of each gambling product and government revenue collected from gambling taxes.

Notable findings were:

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  • total gambling expenditure in Australia decreased from $23.804 billion in 2015–2016 to $23.694 billion in 2016-17 (a 0.5 per cent decrease)
  • per adult gambling expenditure in Australia decreased from $1,277.83 to $1,251.39 (a 1.7 per cent decrease)
  • total electronic gaming machine expenditure in Australia increased from $12.074 billion to $12.136 billion (a 0.5 per cent increase)
  • total casino expenditure in Australia decreased from $5.195 billion to $4.790 billion (a 7.8 per cent decrease)
  • total race betting expenditure in Australia increased from $3.099 billion to $3.313 billion (a 6.9 per cent increase)
  • total sports betting expenditure in Australia increased from $921 million to $1.062 billion (a 15.3 per cent increase).

 

For more information, see the 34th edition of the Australian Gambling Statistics on the Queensland Government Statistician's Office website.

SOURCE: Lottery Insider.

 

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IWG Goes Live with British Columbia Lottery Corporation

Canadian lottery integrates supplier’s portfolio onto its PlayNow.com portal

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LONDON, U.K. (October 29, 2018) -- IWG, the world leader in supplying online, instant win games, has partnered with the British Columbia Lottery Corporation (BCLC) to provide the lottery with its entire portfolio of online instant win games.

Following an integration using IWG’s Progressive Play Remote Gaming Server (RGS), popular releases including the world-renowned Cash Buster series, Slingo and Monopoly are now live via web and mobile on the lottery’s PlayNow.com portal.

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As part of the agreement, IWG will also develop bespoke content for BCLC, as well as deliver new games on a regular basis.

The partnership with BCLC highlights IWG’s growing presence within the North American lottery market, following similar launches with the Atlantic Lottery Corporation and Loto-Québec.

Rhydian Fisher, CEO at IWG, said: “Delivering our games to BCLC, one the most successful internet Lottery programs in North America, is an exciting move for us.

This latest partnership further strengthens our position as a leading supplier of instant win games to the lottery sector, with players across the territory able to enjoy our content.”

Jason Lisiecki, Vice President of North America at IWG, said: “Through our RGS integration, BCLC players can now play our wide range of instant win games featuring a variety of themes, play styles and mechanics. Most excitingly, BCLC will have direct access to our new games as we continue to evolve and push our product offering.

At IWG, we’re committed to working alongside our lottery partners to deliver online revenue growth alongside their successful retail offering and help raise funds for good causes.”

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IWG has been a successful service provider and supplier of content to lotteries for over a decade, producing and delivering over 300 high quality instant win games on desktop and mobile, as well as offering valuable strategic and marketing support.

About IWG

IWG is a world leader in supplying online, instant win games to lotteries and commercial brands and platforms in the online gaming industry.

It has over 15 years’ experience of making top selling, high quality instant win games and the strategic know how to make them work.

IWG has launched over 300 games that perform consistently at the highest level, engaging and retaining players while driving excellent results for customers.

It has the knowledge to deliver a winning portfolio of games, the experience to make it grow and the sales figures and data to back this knowledge up.

IWG delivers an end-to-end solution covering all aspects of game development and portfolio management and a Remote Game Server (RGS) delivering content in multiple regulated jurisdictions from data centres in the UK, Gibraltar, Canada and North America. It has a broad library available via the RGS with games covering many proven themes and mechanics that can be developed into an ideal offering for a partner’s instant win portal.

SOURCE: IWG press release.

 

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Issuing for Consultation of a Revised Version of the FIAU Implementing Procedures Part I

By Malta Gaming Authority

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MALTA (October 30, 2018) --The Financial Intelligence Analysis Unit (FIAU) is pleased to announce the publication of a revised version of the Implementing Procedures Part I for consultation and is inviting all persons and entities subject to the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR) (Subsidiary Legislation 373.01 of the Laws of Malta), private sector representative bodies, as well as supervisory and other competent authorities, to participate in this consultation process.

The Implementing Procedures Part I have been drafted by the FIAU with the scope of guiding all those financial and gaming service providers as well as a number of professionals who qualify as subject persons under Regulation 2(1) of the PMLFTR in implementing their Anti Money Laundering and Combatting the Financing of Terrorism (AML/CFT) obligations.

These legally binding Implementing Procedures Part I have been revised and updated so as to reflect the legislative amendments which took place between December 2017 and January 2018 to the PMLA and the PMLFTR, following the transposition of the 4th Anti-Money Laundering Directive (4AMLD) (Directive (EU) 2015/849), and more importantly to provide more detailed and qualitative AML/CFT guidance reflecting today’s business realities and technological developments.

The full document of the amended Implementing Procedures Part I and further information on this consultation process may be accessed from the FIAU’s website by clicking on the following link. The consultation process is open until Monday 31st December 2018.

SOURCE:  Malta Gaming Authority.

 

 

GSA Welcomes Industry to Technology Summit: Focus on Blockchain Sponsored by NOVOMATIC AG and Featuring Keynote Address by Nevada State Senator Ben Kieckhefer

LAS VEGAS, NV (October 25, 2018) – The Gaming Standards Association (GSA) welcomes the industry to its first ever conference event: GSA Technology Summit – Focus on Blockchain. The event is scheduled for November 8 – 9, 2018 at the Nevada Museum of Art in Reno, Nev. GSA is pleased to announce that its Platinum member, NOVOMATIC AG, has graciously agreed to be a top sponsor. The event also features a keynote address from Nevada State Senator Ben Kieckhefer.

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The Blockchain technology - the second phase of the Internet - will have a dramatic impact on our lives and businesses. It is poised to revolutionize data sharing, security and has the ability to provide regulatory authorities with previously unobtainable levels of transparency.

Those looking at how this technology will impact the gaming industry will be able to listen to companies that are using the technology today and regulators as they debate the benefits Blockchain provides them.

GSA President Peter DeRaedt said, “We are excited to see a lot of interest in the event. For this unique summit we’ve used our extensive contacts within and outside the gaming industry to bring together speakers and participants who have the experience and know-how to offer attendees a more grounded foundation and education about this technology.”

The event features speakers from: Axes Network, Clear Poker, Dominode, Gioco Ventures LLC, Global Market Advisors, IBM, Innovum Technology, INTEL, Loyra Abogados, McDonald Carano, MELCO Resorts & Entertainment, ORACLE, RedChalk Group, Secure Communication, Berkeley Center for Law & Business, Unikrn.

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Blockchain Committee Chair Earle G. Hall said, “Blockchain is the answer to so many of our inefficiencies. It is inherently designed for transparent, secure and distributed information flow."

"Blockchain will exponentially increase the potential for collaboration, efficiency and connectivity. We look forward to this event and expect to truly educate the industry on this topic.

For a detailed agenda, special rate accommodation information and registration, please visit GSA’s event website at GSA Technology Summit – Focus on Blockchain. GSA also welcomes companies interested in sponsoring this event to contact us.

There is a level of membership for every type of company. Is your organization interested in working with GSA on the creation of future standards?

Please join us – visit www.gamingstandards.com to learn more, and follow GSA on LinkedIn, Twitter, and Facebook.

CONTACT: Paul Speirs-Hernandez, Steinbeck Communications/Red Wagon Institute, T: +1-702-413-4278, E: paul@steinbeckcommunications.com.

SOURCE: The Gaming Standards Association (GSA).

 


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