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GBank Financial Holdings Inc. and GBank Announces Approvals Impacting Strategic Partner BoltBetz
Globenewswire· 2025-12-10 12:07
Core Insights - GBank Financial Holdings Inc. has received significant approvals for its strategic partner BoltBetz, allowing the launch of a cashless gaming platform in Las Vegas [1][2] - The approvals from the Nevada Gaming Control Board enable BoltBetz to integrate its mobile app with Konami's SYNKROS cashless wagering system and to be used at Distill and Remedy's Taverns [1][2] Company Overview - GBank Financial Holdings Inc. is a bank holding company based in Las Vegas, Nevada, listed on the Nasdaq under the symbol "GBFH" [3] - The company operates a national payment and Gaming FinTech business, serving gaming clients across the U.S. and offering products like the GBank Visa Signature Card tailored for the gaming and sports entertainment markets [3] - GBank is recognized as a top national SBA lender, operating in 40 states, and has two full-service commercial branches in Las Vegas [3] Strategic Developments - The approvals mark a culmination of years of planning and development, positioning BoltBetz as a unique slot machine app and bank payments system for licensed gaming operators [2] - The company aims to provide seamless solutions to licensed gaming slot operators in Nevada and across the United States [2]
FTSE gambling group accused of hiring ex-Mossad agents for ‘smear campaign’
Yahoo Finance· 2025-10-21 21:45
Core Viewpoint - Playtech is accused of conducting a smear campaign against its competitor Evolution by hiring Black Cube, an Israeli intelligence firm, to investigate alleged illegal activities of Evolution in banned markets [1][3]. Group 1: Allegations and Investigations - Playtech allegedly paid £1.8 million to Black Cube for a report that utilized undercover methods, including secret recordings and false identities [2]. - The report accused Evolution of operating in illegal markets, including Iran, Sudan, Syria, and Hong Kong, and was submitted to New Jersey gambling regulators in 2021 [4]. Group 2: Legal and Financial Implications - Evolution is pursuing a defamation lawsuit against Playtech and Black Cube, claiming the report contains "highly inflammatory and knowingly false" allegations that have caused "multi-billion dollar damage" to its business [5][6]. - Playtech's shares fell by as much as 39% before closing down 22% following the allegations [3]. Group 3: Company Responses - Playtech has defended its actions, stating that the claims of a smear campaign are "wholly untrue" and intended to distract from serious questions regarding Evolution's business practices [7][8]. - Playtech asserts that it commissioned the investigation due to credible concerns raised by operators, suppliers, and regulators about Evolution's activities in prohibited markets [8].