Competitor Accuses Evolution Of Allowing Illegal Use Of Its Products
$5,000 Welcome Bonus
Evolution Gaming has a monopoly on live dealer gaming in the US. An unnamed competitor has filed a complaint with the New Jersey Division of Gaming Enforcement. The complaint alleges Evolution knowingly allows its games to be played in countries where gambling is illegal. The question is whether Evolution has turned a blind eye to black market activities.
Evolution has a huge market share in live dealer games in the US. It has contracts with almost all the major US online casinos. Competition is coming, but hasn't arrived yet. Playtech is working on opening a live dealers studio in Michigan. Scientific Games acquired Authentic Gaming to gain live deals capability. It is most likely to target the Pennsylvania or New Jersey online casino markets.
Online Poker Report knew about the allegations against Evolution but didn't want to publicize them until seeing a complaint filed. PR firm sent OPR an email with a confidential news tip and later provided them with the study referenced in the complaint. Opr will honor the firm's request for confidentiality and not name the accuser.
Bloomberg broke the story. DraftKings is suing Evolution for allegedly covering up the fact that SBTech used illegal products. Scientific Games drew attention to the problem when the Oregon Lottery’s named SBtech as its sports betting partner.
Scientific Games Digital, headquartered in Las Vegas, finished second and filed the bid protest.
Evolution sent OPR a 122-page document with screen grabs on Nov. 10. The document claims Evolution didn't verify player location or perform Know-Your-Customer authentication.
Evolution accuses a competitor of allowing illegal use of its products.
Competitor accuses Evolution of allowing illegal use of its products. Investigation uncovers a myriad of illegal activities and violations. Evolution games are being offered in designated terror states, such as Iran, Syria and Sudan. It is also exposed that live casino games produced by Evolution are offered to end-users in territories where gambling is illegal. Evolution does not carry out a KYC (“Know Your Customer”) process to implement its anti-money laundering policy.
Evolution's shares fell from SEK 1483 to SE kronor 1378 on Nov. 17. They bounced back partway back on Thursday but then dropped again on Monday.
Evolution is a B2B supplier of games to operators and aggregators. It has licenses in over 40 jurisdictions. Its competitor has accused it of allowing illegal use of its products. Evolution has no direct relationship with the underlying player and no involvement in handling of players’ money. It blocks play from certain countries, including all countries on sanction lists mentioned in the article.
