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Paysafe’s Rawls awarded Industry Achievement Award

(PRESS RELEASE) — Leading global payments provider Paysafe Group (Paysafe) today announced that the MidWest Acquirers Association (MWAA) has chosen O.B. Rawls, President of Payment Processing North America, as its 2019 Industry Achievement Award recipient.

Recognising Rawls’s entire payments career, the award will be presented at 4:30 p.m. CDT July 17th at the MWAA 2019 Conference, held in the Renaissance Schaumburg Convention Center Hotel, in Schaumburg, Illinois, where Paysafe will also be exhibiting at Booth HM09. The presentation of the Industry Achievement Award will be a highlight of the first day of MWAA 2019, which concludes July 18th.

Rawls will be honoured for a payments career spanning over 30 years, including his current position at Paysafe and previous leadership role at iPayment. As CEO at iPayment, Rawls proved instrumental in growing the payment and processing solutions provider until its acquisition by Paysafe in June 2018. This transformed Paysafe into a top-5 non-bank acquirer in the US, and saw Rawls appointed as President of the Group’s payment processing division for both the US and Canada.

Additional milestones in Rawls’s vast career in payments and financial services include expanding POS hardware company Hypercom into emerging markets in South America, Asia, and Russia, developing pioneering joint ventures at First Data, and growing the acquiring division at Bank of America.

Rawls said: “Winning the MWAA Industry Achievement Award is a great honour – not only for me but also for the payment professionals I’ve worked with over the course of my career. This award acknowledges their outstanding contribution to the industry.”

He added: “It’s currently a very exciting time for the payments business – and I look forward to continuing to collaborate with my colleagues at Paysafe to shape our industry’s future.”

Dinah Suppes, President & Board Member at MWAA, said: “MWAA is proud to award the 2019 Industry Achievement Award to O.B. Rawls. O.B.’s extensive contributions to the industry have established him as an iconic figure in the payments space. He has had the kind of career and reputation we all aspire to: combining knowledge and a commitment to relationships.”

The presentation of the 2019 Industry Achievement Award at MWAA 2019 marks the second time Rawls has received US payments industry recognition in almost as many months. On April 30th, the Electronic Transactions Association (ETA) honoured him with the 2019 ‘Distinguished Payments Professional’ Star Award at the ETA TRANSACT conference in Las Vegas.

Source: Online.CasinoCity.com

Global Gaming 555 appeals denial to appeal for inhibition

(PRESS RELEASE) — Global Gaming 555 AB’s subsidiary SafeEnt Ltd, which operates the internet casino Ninja Casino, lost its Swedish license for commercial online gambling and betting on Monday, 17 June.

The appeal was sent to the Administrative Court the same afternoon, as both the company and its legal counsel are of the opinion that the decision lacks support in the Gambling Act and the Company is confident that all demands to hold a license are complied with.

During the afternoon, the Company has received a ruling from the Administrative Court, which denies the appeal of the Swedish Gambling Authority’s decision to revoke the licenses. The Company will appeal the Administrative Court’s decision to the Administrative Court of Appeal.

“We are of course disappointed by the Administrative Court’s decision and have appealed this. Our considered position to the principle claim is clear and that the Gambling Authority decision to revoke our licenses is incorrect. We look forward to the judicial testing of their decision,” says Tobias Fagerlund, acting CEO at Global Gaming 555 AB. He continues, “Our business, our 170 employees and approximately 6,000 shareholders are suffering every minute business cannot be conducted and it is our opinion that, in order to ensure a fair hearing of the case and to limit the continuing damage to us, we shall be able to conduct our business activities until the judicial review is completed. The Swedish Gambling Authority’s reasoning in that part is incorrect and it is my hope that the Administrative Court of Appeal will now come to a different decision of that of the Administrative Court. “

Source: Online.CasinoCity.com

Paysafe wins Payments Processor of the Year

(PRESS RELEASE) — Leading global payment provider Paysafe Group (Paysafe) today announced that it won the ‘Payments Processor of the Year’ award at the inaugural American Gambling Awards, held last night at Monmouth Park Racetrack, New Jersey.

Presented on the evening of the first day of the All American Sports Betting Summit, the 2019 American Gambling Awards names Paysafe the leading payments provider for U.S. operators in what has been a landmark year for the emerging market. Following the 2018 repeal of PASPA, the former federal ban on single-event sports betting, this February Paysafe brought to market its iGaming payments platform, allowing operators to plug their brands into a comprehensive suite of Paysafe payments products through one single point of integration.

The platform allows US iGaming and sports-betting brands to seamlessly offer players card payment processing, the Skrill digital wallet, instant ACH, and online prepaid solutions such as paysafecard, with a strong focus on future payments such as next-generation wallets, as well as third-party solutions. The award acknowledges Paysafe’s transformation of the payments experience for both players and operators by unifying an unprecedented number of payment methods in one platform.

The ‘Payments Processor of the Year’ award also recognises the platform’s strong focus on the user experience for both players and iGaming operators. The software’s hosted checkout streamlines the payments process for consumers, while its behind-the-scenes business portal featuring analytics, financial reporting and reconciliation, empowers operators to make fact-based business decisions.

Neil Erlick, Executive Vice President of Business Development at Paysafe, said, “It has been a momentous year for the US gaming space – and for our business, with the launch of our iGaming platform developed specifically for operators and players in a market with huge growth potential. We’re honoured to see our platform recognised, and we look forward to further investing in this technology and rolling it out into new regulated states as the American gaming market continues to evolve.”

Source: Online.CasinoCity.com

Intralot announces new Board of Directors for Intralot Inc.

(PRESS RELEASE) — Intralot announces the appointment of a new Board of Directors at its fully owned U.S. subsidiary, Intralot Inc. to include three new Independent Directors.

•Ambassador (Ret.) Thomas Miller, Non-Executive Chairman and Independent Director

•Daniel Rappaport, Non-Executive Vice-Chairman and Independent Director

•Nicholas Mitropoulos, Independent Director

•Byron Boothe, Director and Interim CEO, INTRALOT Inc.

•Nikolaos Nikolakopoulos, Director and INTRALOT Group Deputy CEO

Intralot Group Chairman and CEO Mr. Sokratis Kokkalis stated: “I am very pleased to welcome three very senior Independent Directors at the Board of Intralot Inc. joining a very experienced team, in support of our efforts to strengthen corporate governance as a driver for growth and customer satisfaction.”

Thomas Miller is a former American diplomat and three-times U.S. Ambassador, including ambassadorships in Greece, Bosnia-Herzegovina, and as Cyprus negotiator. He has also served as CEO of Plan International, a UK-based NGO, working to help children in developing countries; President/CEO of International Executive Services Corps (IESC); President of the United Nations Association; Chairman of the International Commission of Missing Persons (ICMP); and a board member of The Partnership for a Secure America. He is a member of the Council on Foreign Relations.

Daniel Rappaport has served as Chairman of the Board/CEO of the New York Mercantile Exchange (NYMEX); member of the National Petroleum Council (NPC); and member of the U.S. Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee. He served as a board member of the Futures Industry Institute, a trustee on the Board of Trustees of New York Law School, and as an appointment of the Governor of the State of Connecticut on the board of directors of Connecticut Innovations.

Nicholas Mitropoulos is a political and business consultant who has previously worked with the Monitor Company. He served as Executive Director of the Taubman Center for State and Local Government at the Harvard Kennedy School, was the Director of the Forum at the Kennedy School, as well as Deputy Director of Institute of Politics at Harvard.

Source: Online.CasinoCity.com

Platinum Gaming to pay £1.6 million fine

(PRESS RELEASE) — An online gambling operator will pay £1.6 million for failing to identify gambling harm and prevent money laundering.

The Gambling Commission launched an investigation following reports that a convicted fraudster had spent £629,420 of stolen money with Platinum Gaming.

During Commission inquiries it was revealed the customer’s deposits were so high and losses so significant Platinum Gaming should have considered refusing or barring service to the customer. Instead the operator continued to allow the customer to gamble.

Investigations also revealed the operator breached anti-money laundering regulations, including a failure to make adequate inquiries about the source of the funds the customer used to gamble.

As part of a settlement with the Commission, Platinum Gaming returned £629,420 to the fraudster’s victims and will pay £990,200 in lieu of a financial penalty. This money will be spent accelerating delivery of the National Strategy to Reduce Gambling Harms.

Richard Watson, Gambling Commission Executive Director, said, “There were weaknesses in Platinum Gaming’s systems and as a consequence, more than half a million pounds of stolen money flowed through the business. This is not acceptable and I would urge all operators to carefully read this case and learn lessons so they don’t make the same mistakes.”

“This is yet another example of us taking firm action against online operators who fail to protect consumers or implement effective safeguards against money laundering. We must see the industry stepping up and providing consumers in Great Britain with the safest and fairest gambling market in the world. Where we continue to see failings, we will continue to take action.”

Source: Online.CasinoCity.com

UKGC fines Gamesys for £1.2 million

(PRESS RELEASE) — Online gambling operator Gamesys (Gibraltar) Limited will pay £1.2 million for failing to prevent gambling harm and breaching money laundering regulations.

The Gambling Commission launched an investigation into the operator’s processes after police investigations revealed three individuals had spent stolen money with the gambling business.

It was discovered that despite customers displaying behaviour that could indicate problem gambling the operator failed to deliver interaction that could have prevented harm.

The investigation also revealed the operator failed to comply with money laundering regulations, including not establishing customers’ source of funds.

As part of a settlement with the Commission Gamesys will return £460,472 of stolen money to victims and pay £690,000 as a payment in lieu of a financial penalty. This money will be spent accelerating delivery of the National Strategy to Reduce Gambling Harms.

Richard Watson, Gambling Commission Executive Director, said, “It is vital that operators understand their customers — track their online gambling and step in quickly when they suspect someone is suffering from gambling harm.”

“These key steps and processes ensure they meet both their anti-money laundering and social responsibility obligations for all customers.”
 
“Gamesys’ approach resulted in a variety of failings and saw stolen money flowing through the business – with customers being put at risk of gambling related harm.”

Source: Online.CasinoCity.com

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