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About 100 Bulky Dice
Black Cube, an intelligence firm hired by Playtech in 2020 to look into alleged illegal behaviour at its rival Evolution, released a divisive report into Evolution’s actions. Evolution denied and refuted much of its findings.
Evolution then commissioned Spectrum Gaming Group to produce a report on its actions and the validity of the Black Cube report. Produced in 2022, the report has long been subject to confidentiality despite Evolution claiming the report exonerated the company.
Playtech on Wednesday published a statement highlighting what it claimed were compliance failures at Evolution, written into the Spectrum report.
About 100 Bulky Dice
Raja, who has publicly described himself as the company’s founder, did not formally become a registered director until 2017.
Raja has characterized the allegations and media reporting against him as a “personal vilification campaign.”
The post Collapsed UK ‘Shadow Bank’ Boss Bet Up to £60K Per Spin at London Casinos appeared first on Casino.org.
About 100 Bulky Dice
Up to 1,124 occurrences of virtual currencies being used were discovered by Spectrum, which added up to 11.5% of the sessions included in the spreadsheet provided by Evolution.
“Spectrum notes that Evolution relies upon its clients to develop and implement these additional AML and KYC procedures. Further, Evolution does not review the operator’s compliance with this requirement of enhanced due diligence,” the report says of Evolution’s compliance processes for preventing the use of virtual currencies.
The full Spectrum Gaming Capital report can be accessed here.
