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Compliance Updates

Carousel Group enters U.S. Sports Betting Market with SportsBetting.com

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Carousel Group partners with Johnny Nolon’s Casino to launch their flagship brand into the recently opened Colorado licensed wagering market.

Carousel Group, a holding company operating in the regulated online gaming industry announced today their licensing approval from the Colorado Division of Gaming to offer legal online sports betting in the state.

Carousel Group is now gearing up to launch www.SportsBetting.com in Colorado, which will serve as the web and mobile app portal for customers within Colorado state lines.

“Despite the ongoing and tragic global crisis, we couldn’t be more confident and optimistic about the sports industry and we’re very excited to be bringing our flagship brand to the American market,” Carousel Group CEO Daniel Graetzer said. “While other entities have closed their doors and laid off employees, we’re hiring staff and expanding our operations into the United States.”

SportsBetting.com runs on Carousel Group’s proprietary in-house platform which allows them to bring a unique and powerful product to the market, which is in contrast to the approach many gambling companies have taken over the last two years since sports betting became legal in the U.S.

“We have built our business upon a team with years of experience in the industry combined with our own technology, which gives us a huge advantage over the competition,” Graetzer added. “It’s in our DNA to be innovative and with our own technology we will offer something fresh, exciting and very customer oriented to the U.S. betting community.”

David Minter, Managing Director of Johnny Nolon’s said “We are delighted to be partnering with such an emerging, dynamic and technologically driven company such as Carousel Group and are very excited about this partnership. Johnny Nolon’s Casino was the first casino to open for casino gambling in Cripple Creek on Oct 1, 1991 and we are looking forward to now finally be able to offer sports betting.”

Carousel Group is in the process of expanding into other US states, to be announced soon. The company will be expanding its US footprint and opening its offices in New Jersey and Colorado later this year.

 

About Carousel Group:

Carousel Group (www.carouselgroup.net) is a rapidly-growing holding company established in 2017 with the mission to build a global iGaming empire in the regulated online gambling space. Formed by top executives with more than 50 years of collective experience in the industry, Carousel Group and its flagship brands (www.SportsBetting.com, www.RaceBook.com) utilize proprietary technology to offer market-leading odds behind a customer-first experience. The company’s core values are to grow investment capital, provide job security and long-term careers for its employees while also creating a positive impact on the industry by respecting and nurturing regulation, promoting responsible gaming and practicing corporate social responsibilities.

Compliance Updates

Hub88 granted supplier licence in Peru

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Hub88 granted supplier licence in Peru

 

Platform provider Hub88 has secured a supplier licence in Peru, a significant step as the company pursues further expansion across Latin America.

Granted by Peru’s Ministry of Foreign Trade and Tourism (MINCETUR), the new B2B certification permits Hub88 to provide its casino aggregation platform to locally licensed operators in the country.

New legislation entered into force in Peru at the end of 2023, introducing a licensing system for online betting and gaming with the regulated market soon to go live.

The regulatory approval further establishes Hub88’s position in LatAm where the provider has made great strides to become the aggregator platform of choice for local operators.

Hub88 can offer a gateway into the exciting region where its content is resonating well with local players, including titles from proprietary provider Bombay Live, the first supplier to be granted a licence to offer its live casino portfolio in the Province of Buenos Aires, with a dedicated studio in the region.

Hub88’s online casino game portfolio hosts more than 12,000 titles from more than 120 suppliers, including exclusive in-house studios OneTouch and Bombay Live, and a powerful back-office offering.

Ollie Castleman, Head of Hub88, said: “We’re delighted to receive this highly sought-after licence from MINCETUR as the regulated Peruvian market is about to launch, offering great potential.

“LatAm is a region of great importance to us and this approval will further strengthen our position as a leading platform provider in the territory, with a wealth of local knowledge and content proven popular with regional audiences. We are now looking forward to partnering with operators in Peru and bringing our games to local players.”

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AGCO Requires Ontario Gaming Operators to Stop Offering WBA Bets Due to Integrity Concerns

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The Alcohol and Gaming Commission of Ontario (AGCO) has mandated all Ontario-registered sportsbook operators to halt offering and accepting wagers on World Boxing Association (WBA) events immediately. This measure is being taken to protect the Ontario betting public following concerns that WBA-sanctioned boxing matches are not adequately being safeguarded against match-fixing and insider betting.

Since December 2023, the AGCO has been conducting a comprehensive review of suspicious wagering activity on a WBA-sanctioned title fight between Yoenis Tellez and Livan Navarro that was held in Orlando, Florida. Suspicious betting patterns on the bout lasting over 5.5 rounds were reported to the AGCO by two registered independent integrity monitors and detected in Ontario by a registered igaming operator. Media reports also alleged that Tellez’s Manager placed $110,000 on the match lasting longer than 5.5 rounds at a Florida casino. The bout ended with Tellez knocking out Navarro in the 10th round.

Following an intensive review that included outreach to the WBA, Ontario-registered gaming operators, independent integrity monitors, and regulators in other jurisdictions, the AGCO has concluded that bets related to WBA events do not currently meet the Registrar’s Standards for Internet Gaming.

The AGCO requires all Ontario-registered gaming operators to ensure the sport betting products they offer are on events that are effectively supervised by a sport governing body. At a minimum, the sport governing body must have and enforce codes of conduct that prohibit betting by insiders.

Registered gaming operators were unable to demonstrate to the AGCO that the WBA prohibits betting from insiders, which could include an athlete’s coaches, managers, handlers, athletic trainers, medical professionals, or others with access to non-public information. Further, registered gaming operators were unable to demonstrate that the WBA took any action to investigate or enforce the allegations of potential match-fixing and insider wagering.

The AGCO has indicated to registered operators that in order for WBA betting products to be reinstated in Ontario, operators must demonstrate that the WBA effectively supervises its events, thus bringing them into compliance with the Registrar’s Standards. In December 2022, the AGCO required gaming operators to stop offering bets on UFC events for similar issues related to insider betting safeguards. Within a month, UFC amended its policies and implemented new protocols that allowed the AGCO to reinstate betting on UFC events in the province.

“Ontarians who wish to bet on sporting events need to be confident that those events are fairly run, and that clear integrity safeguards are in place and enforced by an effective sport governing body. Knowing the popularity of boxing in Ontario, we look forward to reinstating betting on WBA events once appropriate safeguards against possible match-fixing and insider betting have been confirmed,” Dr. Karin Schnarr, Registrar and CEO of AGCO, said.

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Compliance Updates

Elys BMG Group Announces Approval for The Ugly Mug Sportsbook in Washington, DC.

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Elys BMG Group announced that The Ugly Mug in Washington D.C. has been granted provisional approval from the District of Columbia Office of Lottery and Gaming Regulation and Oversight Division (DCOLG) to open its sportsbook at 723 8th St. SE. As the fourth privately owned sportsbook venue in the District powered by Elys’ innovative Gameboard betting technology, The Ugly Mug stands as a testament to Elys’ commitment to bringing cutting-edge solutions to local businesses and sports enthusiasts.

The grand opening for The Ugly Mug sportsbook is anticipated to occur during the week of April 27th. Elys will unveil the grand opening festivities, promotions, and events as the date draws closer.

With easy access to sports wagering and a classic American menu in a relaxed setting, The Ugly Mug sportsbook is set to become a premier destination in the Navy Yard region of Washington D.C. and is another step forward for Elys becoming the leading betting technology provider for neighborhood sportsbooks in the US.

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