1 / 11

Risks in the I-gaming Industry

Risks in the I-gaming Industry. Introduction General financial risks Licensing commercial gambling Fraud NYC. Introduction: I-gaming Industry. One of the fastest growing and dynamic sectors over the past few years The global casinos & gaming sector grew by 6.1% in 2011 – almost to $410

liz
Download Presentation

Risks in the I-gaming Industry

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Risks in the I-gaming Industry • Introduction • General financial risks • Licensing commercial gambling • Fraud • NYC

  2. Introduction: I-gaming Industry • One of the fastest growing and dynamic sectors over the past few years • The global casinos & gaming sectorgrew by 6.1% in 2011 – almost to $410 • Gaming revenue varies in each region – depending on local regulations • Highly competitive market • Future prospect • Significant growth expected in emerging markets like Asia and Latin America • Industry forecasts an increase of 34.3% since 2010 reaching nearly $513 billion by the end of 2015

  3. General financial risks • Target markets • Right content • Right payment methods • Software • Stable • Competitive • Licensing regimes • Global versus local • Staffing • Online Marketing

  4. Licensing Commercial Gaming LOCAL LICENSE VS. OFFSHORE LICENSE • Highly restricted gambling licenses – Can you get one? • Long and complicated application process – enough resources? • Strict technological requirements – Can you adapt software? • Application fees and annual fees – Is it still profitable? • Tax advantages or disadvantages

  5. Fraud INTERNAL FRAUD • Staff • High regulations and checklists for hiring • Staff rotating on different features • Software with good backend options • Track record of transactions • Track record of change locks • Payout clearly structured • Welcome promotions

  6. Fraud EXTERNAL FRAUD • Fraudulent deposits • Bonus fraud/hunting • Multi accounting • Payout fraud • Money laundry

  7. Fraud SPECIAL FRAUD • Collusion in poker • Multi accounting in poker • Money Transaction through Heads-Up tables • Game fixing in sports betting • Delay in Live streaming of Casino Games

  8. KYC KNOW YOUR CUSTOMER • Lack of identity verification and authentication tools • Detailed registration process is crucial to stop fraud • Requires a lot of manual work • Might scare the costumer away • Third party providers can help with blacklists • Phone identification to stop charge backs • Limit number of payment methods • Device reputation models • Check of data bases – matrix for suspicious behaviors

  9. Outline How to minimize risks • Risk management needed • Fraud managers • Fraud detection tools • End to end monitoring systems • International online identity for payments

  10. Contact edict egaming GmbH Alter Steinweg 3 20459 HamburgGermany Fon: +49 (0)40 43 207 900Fax: +49 (0)40 43 207 905 E-Mail: info@edict.de

More Related