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BetConstruct B2C arm Vbet to pay £340,000 over AML and safer gambling failings.

BetConstruct’s B2C sports betting and igaming arm Vivaro Limited – trading as Vbet – will pay a £337,631 ($412,000/ €381,000) regulatory settlement to the Gambling Commission, due to anti-money laundering and player protection failings. The Gambling Commission said an investigation conducted in 2020 and 2021 uncovered “significant weaknesses” in the operator’s processes in relation to

Allwyn names Chvátal as meantime CEO for UK business.

Allwyn has appointed Robert Chvátal, currently Allwyn Group chief executive, as interim CEO of its UK business to drive the transition towards the start of the Fourth Licence of the National Lottery. The business is due to replace Camelot UK as operator of the UK National Lottery after it was awarded the 10-year, fourth UK National Lottery licence in September

IG Acquisition halts talks to merge with PlayUp.

Special purpose acquisition corporation (SPAC) IG Acquisition Corp (IGAC) has ended talks with online gaming operator PlayUp over a merger and planned listing on the Nasdaq stock exchange. Plans for the listing were announced in September last year, with PlayUp and IG Acquisition Corp having entered into a business combination agreement and also agreed terms on

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