Casumo

Source: Wikipedia, the free encyclopedia.
Casumo
IndustryOnline casino
Founded2012
HeadquartersSwieqi, Malta
ProductsCasino, Games, Table games, Jackpots
OwnerCasumo Services Limited
WebsiteCasumo.com

Casumo is a Maltese

betting. Casumo has its headquarters in Malta in Swieqi, and has additional offices in Barcelona,Gibraltar and Zagreb
. Casumo also owns online casino operators Dunder and Kazoom Casino.

Background

Casumo is licensed to operate a remote gaming business by the Malta Gaming Authority.[1] In 2015, Casumo received its license[2][3] to operate in the United Kingdom from the UK Gambling Commission. In November 2018, Casumo received its license in Sweden from the Swedish regulator, Spelinspektionen.[4] In March 2018, Casumo agreed a deal with sportsbook supplier Kambi, to deliver a gamified sports betting product to its customers. It also opened its UK sportsbook market in late 2019.[5] In April 2019, Casumo received a 5-year license to operate in Denmark from the Danish gambling authority.[6][7]

Operations

In March 2018, Casumo announced a deal with B2B sports service organization the Kambi Group.[8]

In April 2022, Casumo announced its strategic partnership with iGaming content provider SYNOT Games.[9]

Sponsorships

Casumo had partnered with the eSports team Planet Odd[10][11] and has also sponsored Wembley Arena[12] where eSports events are held.

On 28 June 2019, Casumo announced a two-year principal sponsorship deal with Reading F.C.[13]

Awards

  1. 2013 eGaming Review (EGR) Awards: Rising Star
  2. 2014 eGaming Review (EGR Awards: Innovation in Casino[14]
  3. 2015 eGaming Review (EGR) Awards: Innovation in Casino
  4. 2015 eGaming Review (EGR) Awards: Mobile Casino Product of the Year
  5. 2016 eGaming Review (EGR) Nordic Awards: In-House Innovation[15]
  6. 2016 eGaming Review (EGR) Nordic Awards: Marketing Campaign[15]
  7. 2017 eGaming Review (EGR) Awards: Affiliate Program[16]
  8. 2017 eGaming Review (EGR) Nordic Awards: Mobile Operator[17]
  9. 2018 eGaming Review (EGR) Nordic Awards: Mobile Operator[18]
  10. 2019 International Gaming (IGA) Awards: Online Casino Operator[19]

Regulatory sanctions

On 10 May 2018 the UK Gambling Commission imposed a financial penalty under section 121 of the Gambling Act at the sum of £5,850,000 on Casumo Services Limited. The fine was due to a breach of Anti-money laundering measures and failure to comply with the social responsibility code of practice. The licensee has accepted the decision.[20]

On 2 April 2019 Casumo was yet again hit by another regulatory-imposed fine by the Dutch gambling regulator Kansspelautoriteit (KSA) for the amount of €310,000 for illegally targeting consumers in the Netherlands.[21]

In March 2021 Casumo was hit yet again by a €7m fine from the Gambling Commission after failing to comply multiple times with key elements within social- and financial concepts revolving around the industry.[22]

In March 2022, the Gambling Commission imposed a financial penalty after the company allowed a customer to lose £1.1m without any interaction. The penalty was imposed under the Social Responsibility code provision 3.4.1., which states that ““licensees must interact with customers in a way that minimises the risk of customers experiencing harms associated with gambling”. As a result of not meeting the requirements for this in addition to anti-money laundering failures, the Gambling commission imposed a £6/$8.2 million fine.[23]

References

  1. ^ "Licensed Operators - Malta Gaming Authority". Mga.org.mt. Archived from the original on 2017-06-06. Retrieved 2017-08-11.
  2. ^ "Casumo continues expansion efforts with UK launch". igamingbusiness.com. 2 October 2015. Archived from the original on 9 August 2017. Retrieved 2017-08-11.
  3. ^ "Account details". Secure.gamblingcommission.gov.uk. Archived from the original on 2017-08-09. Retrieved 2017-08-11.
  4. ^ "Casumo moves on with Swedish igaming licence". www.casinobeats.com. 30 November 2018.
  5. ^ "Casumo Enters Sports Betting Market with Kambi Deal". 14 March 2018. Archived from the original on 7 August 2018. Retrieved 19 March 2018.
  6. ^ "Casumo launches in Denmark". egr.global. Archived from the original on 2019-05-09. Retrieved 2019-05-24.
  7. ^ "Casumo Service Ltd". spillemyndigheden.dk. Archived from the original on 2019-05-24. Retrieved 2019-05-24.
  8. ^ "Kambi Group signs gamification-led sports deal with Casumo". Kambi. 12 March 2018. Retrieved 20 April 2022.
  9. ^ "SYNOT Games Announces Strategic Agreement with Casumo". European Gaming. 5 April 2022. Retrieved 20 April 2022.
  10. ^ "Planet Odd sign Thunderbirds". Gosugamers.net. Archived from the original on 2017-08-10. Retrieved 2017-08-11.
  11. ^ "Malta based igaming company Casumo, invests in esports!". Gamers.com.mt. Archived from the original on 2017-08-10. Retrieved 2017-08-10.
  12. ^ "Casumo secures live partnership with SSE Arena Wembley". Sbcnews.co.uk. 8 March 2017. Archived from the original on 12 March 2017. Retrieved 2017-08-11.
  13. ^ "Casumo signs two-year partnership deal with Reading Football Club". readingfc.co.uk/. Reading F.C. 28 June 2019. Archived from the original on 28 June 2019. Retrieved 28 June 2019.
  14. ^ "EGR Rising Star Award 2014". egrmagazine.com. May 2018. Archived from the original on 2016-01-14.
  15. ^ a b "2016 eGaming Review (EGR) Nordic Awards". eventscloud. Retrieved 2020-08-12.
  16. ^ "EGR Operator Awards Winners 2017". Archived from the original on 2018-08-07.
  17. ^ "EGR Nordics Awards 2017 - Winners". egr.global. Archived from the original on 2017-01-28. Retrieved 2017-08-11.
  18. ^ "2018 eGaming Review (EGR) Nordic Awards: Mobile Operator". egr.global. Archived from the original on 2018-03-23. Retrieved 2018-03-11.
  19. ^ "2019 International Gaming (IGA) Awards: Online Casino Operator". gaming-awards.com. Archived from the original on 2019-02-07. Retrieved 2019-02-06.
  20. ^ "UKGC Imposes £6.8M Fine on Casumo and Videoslots". 1 December 2018.
  21. ^ "Casumo faces €310k Dutch fine". iGaming Business. 2019-04-02. Retrieved 2020-05-28.
  22. ^ "Casumo Gets fined 7 Million Euros". Gaming Industry Media. 2021-03-25. Retrieved 2021-03-25.
  23. ^ "Gambling Commission fines Casumo £6m amid player interaction failings". IGaming Business. 25 March 2022. Retrieved 17 May 2022.
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