© 2012 edict egaming GmbH. ONLINE CASINO SOLUTIONS MADE IN GERMANY Risks in the I-gaming Industry Introduction General financial risks Licensing commercial.

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Presentation transcript:

© 2012 edict egaming GmbH

ONLINE CASINO SOLUTIONS MADE IN GERMANY Risks in the I-gaming Industry Introduction General financial risks Licensing commercial gambling Fraud NYC

© 2012 edict egaming GmbH ONLINE CASINO SOLUTIONS MADE IN GERMANY 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 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

© 2012 edict egaming GmbH ONLINE CASINO SOLUTIONS MADE IN GERMANY General financial risks Target markets Right content Right payment methods Software Stable Competitive Licensing regimes Global versus local Staffing Online Marketing

© 2012 edict egaming GmbH ONLINE CASINO SOLUTIONS MADE IN GERMANY 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

© 2012 edict egaming GmbH ONLINE CASINO SOLUTIONS MADE IN GERMANY 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

© 2012 edict egaming GmbH ONLINE CASINO SOLUTIONS MADE IN GERMANY Fraud EXTERNAL FRAUD Fraudulent deposits Bonus fraud/hunting Multi accounting Payout fraud Money laundry

© 2012 edict egaming GmbH ONLINE CASINO SOLUTIONS MADE IN GERMANY 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

© 2012 edict egaming GmbH ONLINE CASINO SOLUTIONS MADE IN GERMANY 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

© 2012 edict egaming GmbH ONLINE CASINO SOLUTIONS MADE IN GERMANY Outline How to minimize risks Risk management needed Fraud managers Fraud detection tools End to end monitoring systems International online identity for payments

© 2012 edict egaming GmbH ONLINE CASINO SOLUTIONS MADE IN GERMANY Contact edict egaming GmbH Alter Steinweg Hamburg Germany Fon:+49 (0) Fax:+49 (0)