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Bungled assessments:Finally, NetBet Enterprises Limited was reportedly likewise chastised after failing in its duties with regards to the prevention of money laundering and the potential financing of terrorism.In the United Kingdom and a trio of iGaming firms have reportedly been heavily fined and placed under a revised set of operating conditions after being found wanting with regards to their anti-money laundering and social responsibility duties.Insufficient inspection:BGO Entertainment Limited was moreover reportedly found to have not conducted adequate source of funding and enhanced due diligence checks after failing to act in numerous cases including one where a player had deposited more than five times their annual salary....

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We believe this property is a great fit for our portfolio. The operator’s WinStar.Read a statement from Papanier…“This transaction is consistent with our core strategy of acquiring strategic gaming assets at attractive valuations and, importantly, represents the company’s entry into a tenth state....

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Future focus:George Papanier, President and Chief Executive Officer for Twin River Worldide Holdings Incorporated, used this press release to proclaim that his firm will also be eager to exploit Tropicana Evansville’s existing race and sportsbook and ‘acquire unencumbered rights to the sportsbetting and iGaming skins’ run by the Vanderburgh County property so as ‘to access the growing Indiana market’.co.According to a report from iGamingBusiness....

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According to a report from iGamingBusiness.Evading examination:The January investigation into GameAccount Network reportedly found that these deficiencies had allowed at least one customer to utilize bank accounts registered under different names as their proof of funds while another had escaped sufficient scrutiny into their declared cryptocurrency assets.Insufficient inspection:BGO Entertainment Limited was moreover reportedly found to have not conducted adequate source of funding and enhanced due diligence checks after failing to act in numerous cases including one where a player had deposited more than five times their annual salary....

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Evading examination:The January investigation into GameAccount Network reportedly found that these deficiencies had allowed at least one customer to utilize bank accounts registered under different names as their proof of funds while another had escaped sufficient scrutiny into their declared cryptocurrency assets. The operator will now purportedly be required to conduct comprehensive appraisals of its top 250 customers every year and regularly track the subsequent effectiveness of any such campaigns.Read a statement from Papanier…“This transaction is consistent with our core strategy of acquiring strategic gaming assets at attractive valuations and, importantly, represents the company’s entry into a tenth state....

 

 

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