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Fraud Prevention in Gambling from Featurespace

Luckily fraud isn’t nearly as rife in the online gambling news these days as more companies become fully regulated and fraud prevention measures are put in place and Featurespace hope to help with that in conjunction with Playtech.  This and other gambling news for the week follow.

Playtech Partnering with Featurespace to Increase Fraud Prevention
Playtech, a leading internet betting group, has entered into a partnership agreement with Feature space, a leading data analytics specialist, in terms of which it will make use of the group’s fraud prevention product to protect operators from conniving financial predators.

Featurespace’s unique Adaptive Behavioural Analytics approach has been integrated into a series of cutting edge products that deliver results in real-time.

The deal signed by the parties will see Featurespace’s real-time machine learning platform ARIC with its range of risk and fraud management tools, be integrated into Playtech’s player management system.

Featurespace LogoThe tool will alert Playtech if it detects strange betting patterns or other unusual account activity in individual player behavior.  Playtech then forwards the information to the operator in order to prevent fraud and other criminal activity, enabling operators to strengthen their risk management and slash fraud losses which will help them to increase revenue.

According to Shimon Akad, COO at Playtech, they are thrilled to be partnering with Featurespace which allows the company to offer their licensees access to an additional sophisticated, best-of-breed fraud prevention solution.

IGT Renews Partnership with Synot Group
IGT has announced that it has signed an eight-year contract extension with the Synot Group in terms of which it will continue to provide system software and game content for Synot’s interactive video terminals (IVTs) in Czech Republic and Slovakia.

Miroslav Valenta Jr., Sales Director at Synot Group, said that their players enjoy first-class entertainment through IGT’s innovative designs and technology.  He added that their deep knowledge of players’ needs and long-term experience in the Czech and Slovak markets, enables them to maintain the leading position in the gaming industry in both countries.

Walter Bugno, Chief Executive Officer, International at IGT said that Synot Group is a major player in the gaming machine markets in both the Czech Republic and Slovakia and they are happy to continue delivering their proven solutions and services in these key markets.

Payouts Awarded on Dragon Themed Online Slots at Bovada Online Casino
Two dragon themed online slot games awarded a total payout of more than $225,000 between them at Bovada Online Casino last week.

Kelly from Massachusetts took home an amount of $108,213 wagering on Rival Gaming’s recently released Diamond Dragon online slot while Dustin from Colorado won an amount of $46,584 wagering on the same slot game.

Symbols on the reels of the 5 reel and 50 pay line Diamond Dragon online slots include fire-breathing dragons, precious gems, axes, potions and chalices.

Smaller payouts were won by two players from California wagering on the Dragons online slot game at Bovada Casino.  Patrick won an amount of $31,813 while David took home an amount of $41,541.

LeoVegas Granted Irish Gaming License
LeoVegas was recently awarded an Irish gaming license that will enable it to launch its sportsbook in the Irish market.

The company is already active in Ireland with its mobile casino and adding Sport will see the company being in a position to offer a wider and more attractive mobile gaming experience.

LeoVegas’ sportsbook is due to launch in the first quarter of this year and will be managed by the gaming company’s existing organization and resources.

Gustaf Hagman, Group Chief Executive Officer and co-Founder of LeoVegas said that the fact that they have, in a very short period been granted licenses in two regulated markets proves that they are delivering in accordance with their expansion strategy.  He went on to say that he is convinced that their market-leading sport product will contribute to strong growth in Ireland.

LeoVegas also holds gaming licenses in Ireland, Denmark, the UK and Malta.

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