In the first three months of 2020, LeoVegas has migrated twelve brands to its popular proprietary technical platform. LeoVegas AB is one of the most popular providers of mobile and online casino games. This is a Sweden-based company whose iGaming platform is packed with video poker games, progressive jackpot games, and all other types of online casino games. Today, it operates in the United Kingdom as well as across many other international markets.

The LeoVegas AB company was founded in 2011 in Sweden by Gustaf Hagman and Robin Ramm-Ericson. Some of its most notable products include its LeoVegas Casino, LeoVegas Sportsbook, and LeoVegas Live Casino which are available to customers across Europe. The company’s founders base LeoVegas on the powers of mobile gaming. Today, the company employs over nine hundred individuals which makes it one of the biggest mobile and online gaming firms in Europe and the biggest one when it comes to mobile casinos.

The most prominent iGaming platform LeoVegas-com went live eight years ago and ever since, it has been recognized as the most prominent, leading name especially when it comes to being innovative. In addition to its main office in Stockholm, LeoVegas also has offices in Poland, the United Kingdom, and Italy. Its online sports betting and casino gaming products are all regulated and licensed by the MGA or Malta gaming Authority while in the United Kingdom, LeoVegas operates in compliance with the requirements posed by the United Kingdom Gambling Commission.

Pink Casino, 21.co.uk and Bet UK Moved to the Platform

When it comes to the company’s latest business move which involves migrating twelve brands to its technical platform, these brands operate in the United Kingdom under the name of Rocket X. Some of these brands which are affected include Pink Casino, 21.co.uk,and Bet UK which once moved to the platform will most certainly offer better user experience as they will work alongside a more efficient as well as more focused business model.

Moreover, as the migration of those twelve brands is completed, LeoVegas can offer a better user experience to all of its customers thanks to a significantly expanded game offering as well as more banking options. Before making this decision, LeoVegas acquired all of the IPS assets which are now known as Rocket X. At the time, IPS operated via third-party platforms while today the situation is different as all of the operations take place within the LeoVegas proprietary technical platform. This also means that LeoVegas has control over all operations and technologies used by the brands. Needless to say, this move will significantly reduce operational complexity.

Enriched Online Gaming Opportunities

Besides significantly reducing operational complexity, the migration of the twelve brands will also boost online casino gaming choices. In other words, LeoVegas will now offer online casino games which are rarely found elsewhere crafted by prominent third-party online casino games providers. At the same time, the migration also brings significantly expanded functionalities which essentially make it easier for all customers to navigate across different departments when gaming.

Commenting on the news, LeoVegas CEO Gustaf Hagman said that this migration is a major milestone for this company especially for the Group’s technology organization as well as for all employees. According to the company’s CEO, the process of migration was completed as expected in a relatively short time which represents another LeoVegas success.

It has been reported that the New Jersey Attorney General has taken legal actions against the United States Department of Justice(DOJ) on accounts of not receiving explanatory information about the reinterpretation of the Interstate Wire Act of 1961. The Attorney General for New Jersey, Gurbir Grewal has revealed his concerns about recent revisions being influenced by individual business interests. These alterations will seriously affect the online gambling which to this point has been extremely beneficial for the New Jersey economy.

Looking for Answers

The Attorney General for New Jersey, Gurbir Grewal, led by the inability to gain information through a Freedom of Information Act request with DOJ, decided to file a lawsuit against this federal executive department. Prior to a decision to take legal actions, in February, Grewal had made the official information request in order to gather more info on government’s decision to change parts of the Interstate Wire Act 1961 which refer to interstate online gambling. He also needed to uncover if Sheldon Adelson, a Chairman and Chief Executive Officer for Las Vegas Sands Corporation had any partake in the decision.

Futile Attempts

Even though standard time limit, set by FOIA is 20 days or a month, to this moment, there hasn’t been a response which left no other options for Grewal but to take legal measures.

According to him, online gaming has been legalized in New Jersey for quite some time, becoming extremely important in the economy of New Jersey, and now DOJ is trying to make it all go away. In his opinion, residents of the New Jersey state have the right to know why since it’ll affect them, especially if the decision was made due to a lobbying campaign by an individual, looking to protect his own business interests.

It is widely known that Adelson is a donor to Donald Trump’s campaign and an ally who publicly claims that online gambling will have negative consequences to his company, and cause major problems concerning gambling addictions. Allegedly, he’s been seeking out lobbyist, prepared to help in protecting his bricks-and-mortar operations against the threat which online gambling represents.

On the other hand, regulatory bodies have had an opportunity to use technology in order to thwart attempts by minor players to engage in gaming activities, locate such attempts, and apply money laundering laws.

Reinterpretations and Consequences

In November 2018, DOJ added their new revisions, saying that the Wire Act should be enforced on all online gambling activities and not just sports betting. In other words, it may involve all online gaming with interstate agreements. Previously, the Wire Act referred only to sports betting. However, with latest alterations which should come into practice starting with June 14, some serious damage will be done to iGaming, driving casino as well as poker sites out of business and disabling an opportunity to use shared liquidity, aggregated under various jurisdictions.

Since 2013 when New Jersey legalized online gaming to this day, it’s been revealed that this sector has accumulated $153.23 million in taxes with $2 billion revenues.

According to experts, if the DOJ’s new opinion is interpreted to the letter, it could result in costing states approximately US$220 million. That’s not all; the states will be left without scholarship funds, senior citizens’ services as well as other programs.