Australian court freezes PE firm assets over ASIC gambling probe

Australian court freezes PE firm assets over ASIC gambling probe Summary Australia’s Federal Court has extended freezing orders against First Mutual Private Equity Pty Ltd and its director Gregory Cotton while the Australian Securities and Investments Commission (ASIC) investigates suspected misuse of investor funds for gambling. The orders — first made on 15 August and […]

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Betway Africa goes live with SkyControl, the world’s first PvP multiplayer crash game, across six markets

Betway Africa goes live with SkyControl, the world’s first PvP multiplayer crash game, across six markets Summary SkyControl, billed as the world’s first player-vs-player (PvP) multiplayer crash game, has launched with Betway Africa across six countries: Tanzania, Ghana, Nigeria, Malawi, Botswana and Zambia. The rollout brings competitive crash modes — including 1v1 duels, pool battles, […]

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OMEGA Systems: Bringing visions to life with smart, scalable platform solutions

OMEGA Systems: Bringing visions to life with smart, scalable platform solutions Summary OMEGA Systems is a 15-year-old platform provider focused on delivering modular, operator-first solutions for the iGaming market. Its suite combines gamification, AI-driven event tracking, a flexible management core, omnichannel wallet capabilities and agency/broker tools to help operators attract and retain players while meeting […]

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Fortnite champion’s iGaming studio gets Stake backing

Fortnite champion’s iGaming studio gets Stake backing Summary Stake has become the principal backer of Animo Studios, a new next‑generation games studio founded by streamer and Fortnite champion Harley Fresh. The partnership will see Stake roll out Animo’s hybrid live‑action and animated gameplay features — billed as an industry first — across its casino offering. […]

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Live88 appoints Simon Field as new Managing Director

Live88 appoints Simon Field as new Managing Director Summary Yolo Group has appointed Simon Field as Managing Director of Live88 to drive the company’s international expansion. Field joins from Bally’s Interactive, where he played a leading role in launching a live dealer studio in Rhode Island. He brings almost a decade of senior iGaming experience, […]

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South Korea illegal gambling arrests intensify calls for change

South Korea illegal gambling arrests intensify calls for change Summary South Korean authorities arrested ten people after dismantling an illegal gambling operation run out of Cambodia. Seven suspects, including the alleged ringleader identified only as ‘A’, face charges under South Korea’s National Sport Promotion Act. The operation is said to have processed transactions totalling KRW44bn […]

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Australian court freezes PE firm assets over ASIC gambling probe

Australian court freezes PE firm assets over ASIC gambling probe Summary Australia’s Federal Court has extended freezing orders against First Mutual Private Equity Pty Ltd and its director Gregory Cotton while the Australian Securities and Investments Commission (ASIC) investigates suspected misuse of investor funds for gambling. The orders — first made on 15 August and […]

Read More →