Effective data protection at online casinos
29 August 2015
With the expansion of online gambling also the need to provide effective data protection is increasing. The advancement of technologies requires various solutions to a growing market of consumers. For these purposes, the developer of online casino games Playtech is in cooperation with GBG working on a full range of identification and verification solutions. The new agreement provides licensees of Playtech a global ID access audit on its platform called IMS. The COO of GBG Gaming, Peter Murray said that the deal would allow, that a number of Playtech operators perform identity certification of more than 4.3 billion people around the world in real time. This happens through an ID verification, which is embedded in the onboarding process. Murray adds that his company’s commitment responds to the needs of the gaming industry, in which the operators are interested in building a climate of confidence which protects both players and business. The trust therefore increases the acceptance rate of the games.
Another deal from Playtech has just emerged. The Playtech shareholders have already announced that they approved € 652.1 million or 459.6 million £ for the acquisition of the spread betting company Plus500. This confirms the news of last month that the Plus500 shareholders had voted to accept the offer, and to complete the deal by the end of September. The Playtech shareholders confirmed their support at the general meeting of the company. The completion of the acquisition is still subject to regulatory approvals. Playtech is still expanding. It remains to be discovered how this move affects Playtech’s services in the financial bets sector.
The buy rating is positive. The Investment analysts at Canaccord Genuity “buy” had adjusted the company’s stock and price target for the stock rose. The GBG deal boosts the confidence of Playtechs´ shareholders, partners and customers.