Friday Roundup: 8th March 2024

AUSTRAC commences AML investigation into bet365

AUSTRAC has initiated an enforcement investigation into Hillside (Australia New Media) Pty Limited, commonly known as bet365 . The investigation’s focus is on assessing whether bet365 has fulfilled its obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 3006 (AML/CTF act).

This action follows a supervisory campaign targeting entities within the corporate bookmaker sector. AUSTRAC;S decision was influenced by the results of an external audit report, which was ordered after bet365 failed to comply with AUSTRAC’s directive to appoint an external auditor.

Brendan Thomas , CEO of AUSTRAC, emphasised the critical role of betting agencies in combating financial crime and highlighted the importance of robust risk management systems.

AUSTRAC asserts that corporate bookmakers must have effective processes in place to identify and mitigate risks associated with money laundering and terrorism financing.

Light & Wonder content goes live in the province of Buenos Aires

Light & Wonder has launched its content in Argentina for the first time through Betsson Group . Players in the Province of Buenos Aires can now access Light & Wonder’s top-performing land-based title, 88 FORTUNES, via Betsson Group’s brand, betsson.bet.a.

The go-live follows an extended agreement between Light & Wonder and Betsson Group to bring content to newly regulated markets worldwide. Additional first and third part content will be distributed through the Light & Wonder platform to other Betsson Group brands in Argentina in the future.

Tatiana García Barrenechea , Commercial Director – LATAM at Light & Wonder, commented: “Betsson Group is a very significant partner, one that has consistently demonstrated its dedication to excellence during an alliance that has grown successfully over the long-term. This debut launch in Argentina is a significant step in our expanded relationship and we are delighted to be able to grow together in this important country, serving players with relevant and highly engaging casino content.”

Both companies anticipate a positive reception from players in Argentina, expecting them to enjoy the thrill and excitement of the new content and added value tools.

Kiron Interactive secures South African growth with SuperSportBet deal

Kiron Interactive has partnered with SuperSportBet , a new operator in South Africa, to strengthen its presence in the region. SuperSportBet customers gain access to Kiron’s cutting-edge virtual sports titles, including football, horse racing, motor racing, and jump racing.

SuperSportBet, a prominent SuperSport, a prominent South African-based brand known for televised sports content, brings authority and trust to the market with its recently launched sportsbook. Kiron's virtual sports portfolio enhances SuperSportBet's content offering, allowing players to enjoy the experience of betting on live sports events 24/7.

This collaboration strengthens Kiron Interactive's market position in South Africa and underscores the trust in its products from a leader in African sports media. Both Kiron Interactive and SuperSportBet express excitement about enriching the sports betting experience for customers and aligning with their values of authenticity and quality.

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