• Playtech and GBG Make ID Verification Deal

    27 August 2015

    Gbg

    In the online gambling world, it's extremely important for sites and software platforms to be able to verify the identities of their players. Preventing fraud is one of the keys to keeping profits high and avoiding negative press, not to mention keeping players safe and satisfied. Playtech has been one of the biggest software providers around for several different types of online gambling for a long time, and they've recently inked a deal with GBG to provide ID verification.

    Details on This New Deal

    The way this is going to work is that GBG is going to provide Playtech with global identity verification services for all of their software platforms, and this even includes their newer financial trading platform. GBG was the choice for two main reasons. First, GBG has a very flexible solution. Second, Playtech would only have to make a minimum number of changes to their existing platform, and that makes it about as close to an instant change over to the new verification services provider as possible.

    Importance of ID Verification

    One of the main regulatory requirements in virtually all of the reputable jurisdictions is that the identity of players is verified through a qualified service. GBG meets the requirements in a major way, and they have exactly what Playtech need to meet these regulatory guidelines. What's more is that it also helps to keep their profits high since they generally take a loss on fraudulent accounts. This is a win-win situation for Playtech and players since Playtech gets their needs met and players know that their identities won't be stolen for use at Playtech-powered online gambling properties.

    About Playtech

    Playtech has been around since the late 1990s, and they are well-known for their casino platform and iPoker online poker network. They've caught a lot of criticism over the past few years for what has been called a lack of depth on some of their casino games, but that's largely because they have focused on expansion and breadth instead of depth. This large rate of expansion is one of the reasons why having such a flexible identity verification service like GBG is so important, and it will really help them a lot with maintaining their growth.


    Related News

    • 29 January 2019

      Pragmatic Play Showing Live Dealer Games at ICE Totally Gaming

      One of the more interesting sectors or sub-genres of the online casino world is that of the live dealer games. These games allow individuals to play with a real dealer in real-time games for some of the most popular table games ever offered. Pragmatic Play has announced that they are unveiling their own selection of games in this genre at the ICE Totally Gaming event from February 5 through February 7, 2018. Making Their Debut

      Read full article
    • 13 January 2019

      Ezugi Purchase by Evolution Gaming is Complete

      Evolution Gaming is very clearly the number one live dealer casino games provider in the world, and there has been a lot of talk of them buying out Ezugi for a while. Ezugi is an important competitor, and it's become apparent that this deal to purchase them has finally come through and is finalized. Details on This Sizable Deal A cash amount has been decided on for the purchase and has largely been carried out already.

      Read full article
    • 30 December 2018

      Gambling Taxes in Italy See Big Jump, Playtech's Earnings Fall

      The taxes that gambling operators and software companies have to pay in a given jurisdiction are one of its biggest expenses. This means that even a relatively small shift in those rates can cause some major changes in what can be expected for business. This has recently been the case in Italy where their Senate has been working on a proposed budget for the following fiscal year, and this budget includes some unexpected increases to the taxes on gambling businesses.

      Read full article