Industry | Online casino |
---|---|
Founded | 2012 |
Headquarters | Swieqi, Malta |
Products | Casino, Games, Table games, Jackpots |
Owner | Casumo Services Limited |
Website | Casumo.com |
Casumo is a Maltese online casino and sportsbook services company, which includes video slots, jackpot games, live casino, table games and 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.
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]
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]
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]
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. [21]
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. [22]
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. [23]
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. [24]
Ladbrokes Coral is a British gambling company founded in 1886. Its product offering includes sports betting, online casino, online poker, and online bingo. The Ladbrokes portion of the group was established in 1886, and Coral in 1926. In November 2016, the companies merged to create Ladbrokes Coral Group. Since March 2018, it has been owned by Entain. Prior to its sale, Ladbrokes Coral was listed on the London Stock Exchange, and was a member of the FTSE 250 Index.
William Hill is a British gambling company founded in 1934. Its product offering includes sports betting, online casino, online poker, and online bingo. Business operations are led from its headquarters in London. The company was previously listed on the London Stock Exchange until it was acquired by Caesars Entertainment in April 2021. In July 2022, William Hill was subsequently acquired by 888 Holdings for £2.2 billion.
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Bede Gaming Limited is a gambling platform and software company based in Newcastle upon Tyne, England, with offices in London, England and Sofia, Bulgaria. It supplies gambling platforms and software to online casinos, online bingo operators, and lotteries in regulated markets. The platform handles more than £3 billion of wagers per year.
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