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Compliance Updates

Gambling.com Group Limited Welcomes Legalization of Online Sports Betting in North Carolina

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Gambling.com Group Limited (Nasdaq: GAMB), a leading provider of player acquisition services for the regulated global online gambling industry, today noted the signing of House Bill (HB) 347 to allow legal, regulated online sports betting across North Carolina – becoming the 28th state to do so. HB 347 requires the state lottery to publish online sports betting regulations by January 8, 2024, and to authorize sports betting operators to start accepting wagers within one year from today.

The legalization of online sports betting in North Carolina is a highlight for Gambling.com Group Limited’s co-founders and Charlotte natives, Charles Gillespie and Kevin McCrystle, who during their time at UNC Chapel Hill started the business that would become Gambling.com Group Limited in 2006. With no regulated online gambling in the United States at the time, Gillespie and McCrystle left North Carolina to build a fully-licensed performance marketing business focused on online gambling with the regulated United Kingdom and Ireland markets as the group’s initial core.

In 2018, the Gambling.com Group Limited turned its focus back to the United States after the Supreme Court invalidated the federal prohibition on sports betting. In the years since, Gambling.com Group’s business in North America has grown from under $2 million in revenue in 2019 to nearly $36 million for the 2022 full-year period.

Today, the Gambling.com Group Limited has its primary United States office in Charlotte, which the Charlotte Business Journal described as one of the ‘Best Places to Work’ in 2022. In his role of Chief Operating Officer, McCrystle is now once again based in Charlotte and leads the local North Carolina team in addition to overseeing the group’s global operations, which employ over 400 full-time employees and contractors.

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“Kevin and I started our journey to build the pre-eminent online gambling affiliate operator in 2006 from an idea that formed in a dorm room in Chapel Hill and which quickly led us abroad to find regulated markets where we could apply our expertise and passion,” the Chief Executive Officer for Gambling.com Group Limited, Charles Gillespie, said. “Our journey to building one of the world’s leading online gambling performance marketing companies has now come full circle with the legalization of online sports betting in North Carolina. I applaud and congratulate the state’s General Assembly leaders and Governor Cooper for making regulated online sports betting a reality. The next generation of North Carolina entrepreneurs will be able to dive straight into opportunities in this exciting industry.”

Gambling.com Group Limited stands ready to apply its proven formula in North Carolina to help residents and visitors identify, assess and access the online sportsbooks that will be regulated by the North Carolina Lottery. The group helps licensed online gambling operators acquire players through its portfolio of websites including Gambling.com, Bookies.com, RotoWire.com and the soon-to-launch Casinos.com as well as state-specific websites like BetCarolina.com, which the group launched in March of 2022 to help residents find up-to-date information on North Carolina-specific sports betting topics such as legislative updates, breaking news about the push for regulation and betting coverage of local teams as well as through the Charlotte Observer, Raleigh News & Observer and the Durham Herald-Sun via the group’s media partnership with The McClatchy Company.

“After traveling all around the world helping to expand regulated betting markets, it is amazing to finally be home in North Carolina and have access to legal online sports betting,” McCrystle said. “Our talented team in North Carolina and across the globe are well positioned to help operators and customers in the ‘Tarheel State’ succeed as the legal North American sports betting industry continues to grow and succeed.”

Performance marketing companies, or affiliates, such as Gambling.com Group Limited, are a critical tool for regulators to channel customers toward their new legal sports betting options and away from offshore sportsbooks, which are subject to minimal oversight, are not taxed and provide risks to players’ deposits and winnings. As an online resource for sports betting, affiliates help millions of customers make informed decisions on where to place their wagers and therefore must be held to stringent standards of responsibility and safety. Gambling.com Group Limited works hand-in-hand with regulated sports betting operators and is an integral part of the ecosystem in establishing and maintaining the sustainability of the legal market, which will begin to provide consumer protection for North Carolina sports bettors.

Gambling.com Group Limited believes that North Carolina will not only grow jobs in the state but will keep revenue that is currently flowing to neighboring states such as Virginia and Tennessee where sports betting has been regulated for years, not to mention offshore websites.

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North Carolina’s population of nearly eleven million adults has the potential to become one of the largest sports betting markets in the United States. Legislators forecast more than $100 million in tax revenue a year within five years of sports betting launching in the state. Gambling.com Group Limited enables sportsbook operators to acquire customers without broadcasting highly-visible advertising on television, which impacts everyone, including young people. Because affiliates predominantly provide resources to motivated consumers actively seeking out information, companies like Gambling.com Group Limited are an ideal alternative to traditional advertising in the industry.

According to a recent survey conducted by BetCarolina.com, nearly 16% of North Carolina adults already bet on sports and 31% said they are either ‘very likely’ or ‘likely’ to bet when the state launches sports betting statewide. A quarter of those surveyed said they would bet at least monthly and nearly half said they would bet at least once a year.

Compliance Updates

SYNOT Games Enters Peruvian Market

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SYNOT has secured a B2B license from Mincetur – the Peruvian Ministry of Foreign Trade and Tourism – bolstering the supplier’s online casino position in Latin America.

“Peru presents a promising new market and we look forward to launching our popular titles, providing innovative gameplay and immersive entertainment. Our commitment to delivering high-quality gaming experiences will ensure that Peruvian players enjoy the best we have to offer,” Martina Krajci, CCO of SYNOT Games, said.

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Compliance Updates

PGCB Fines Casino $125,000 for Underage Gaming Violations

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The Pennsylvania Gaming Control Board (PGCB) has approved a consent agreement presented by the Board’s Office of Enforcement Counsel (OEC) during its public meeting resulting in a fine of $125,000 against Wind Creek Bethlehem LLC for 10 incidents in which underage individuals gained access to the gaming floor at the casino it operates.

The incidents, which occurred over a 20-month period at Wind Creek Bethlehem in Northampton County, involved 11 individuals between the ages of 18 and 20.

A copy of the approved consent agreement offering more details is available upon request through the Board’s Office of Communications.

The Board also acted to ban, or leave intact an earlier ban, of three adults from all casinos in the Commonwealth for leaving minors unattended in order to engage in gaming activities:

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  • A male and a female patron were placed on the Involuntary Exclusion List after leaving a 5-month-old unattended in a running vehicle while the outside temperature was 47 degrees in the parking garage of Harrah’s Philadelphia Casino & Racetrack in Delaware County for 30 minutes while he gambled at a table game.
  • A female patron’s request to be removed from the Board’s Involuntary Exclusion List for a 2017 incident in which she left a 4-year-old unattended while in Rivers Philadelphia Casino was denied. The child was unattended for 15 minutes in a non-running vehicle in the parking lot while the outside temperature was 95 degrees.

The Board’s actions serve as a reminder that adults are prohibited from leaving minors unattended in the parking lot or garage, a hotel, or other venues at a casino since it creates a potentially unsafe and dangerous environment for the children. Leaving minors unattended at a Pennsylvania casino also subjects the offending adult to criminal prosecution in addition to exclusion from all Pennsylvania casinos. To complement the efforts by casinos to mitigate this issue, the Board created an awareness campaign, “Don’t Gamble with Kids”.

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Canada

Swintt games approved for release in Ontario

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Swintt games approved for release in Ontario

 

In-demand software provider receives AGCO approval to operate in the regulated province, bringing full suite of games to Canadian players for the very first time

Swintt, the EGR award-winning software provider famed for its classically-themed Premium releases and state-of-the-art Select slots, has announced it has received permission to operate in Ontario, meaning its full suite of games will now available to AGCO-licensed platforms.

Having unveiled ambitious plans to expand into further regulated markets at the start of 2024, Swintt’s portfolio is now certified in eleven countries including Malta, Germany and the Netherlands, but this latest approval represents the company’s maiden entry into North America.

This means that not only will Ontarian players now be able to enjoy popular SwinttGames releases like the fan favourite slot Aloha Spirit XtraLockTM, but also newer upcoming games from Elysium Studios – Driven by Swintt.

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The product of Swintt’s acquisition of Elysium Studios earlier this year, the collaboration has resulted in a new line-up of releases being added to the software provider’s roster, with these games combing immersive themes and features with the very latest in slot design and graphics.

Tipsy Charms, the first game in the Elysium Studios – Driven by Swintt line-up, has already launched to great effect – and with the Mesopotamian-themed adventure, Law of Gilgamesh, scheduled for May 30th, there’s plenty for Ontarian players to look forward to in the coming weeks.

With all this and more on the horizon for the province in the second half of 2024, everyone at Swintt is excited about entering the regulated Canadian market for the first time and the company has high hopes that the approval will further underline its credentials as a leading global provider.

David Mann, Chief Executive Officer at Swintt, said: “Swintt is delighted to have received AGCO approval for its games in Ontario and we’re very excited to now have the chance to take this new and dynamic market by storm. Being certified to launch in Ontario is definitely a huge step for the company that will enable us to showcase our brand to new audiences on the global stage.”

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