BUSINESS

JPM Group appoint COO, Loto Inc to change name; RGA publish findings of KMPG study

TAGs: JPM Group, Loto Inc, mobile integrated systems, remote gambling association

jpm RGAJPM Group has appointed a new Chief Operating Officer in a move designed to “further consolidate its position as a leading global gaming manufacturer”, the company announced in a statement today.

The man taking the role is Paul Bursnell, bringing over 27 years of gaming experience achieved via various key industry appointments both in the UK and internationally. Paul joins JPM from the Inspired Gaming Group where he held the position of Sales Director UK and International.

JPM’s Simon Herbert explained: “Paul is exceptional in that he has in-depth knowledge and experience of both the UK and international gaming markets. This mirrors perfectly JPM’s strategy of support and commitment to its home territory coupled with an aggressive expansion into new overseas markets.

Commenting on his new appointment, Paul Bursnell added: “I feel privileged to be joining JPM at such a pivotal point in the company’s history. JPM has an outstanding games development team, a new platform plus an exciting range of fresh, innovative content which will be instrumental in driving international expansion.”

 

Loto Inc announced today that the company has begun filing the required paperwork to effect a name change to Mobile Integrated Systems Inc – a change to “reflect the company’s expanded focus on developing a suite of services and applications that will expand beyond lottery-related mobile solutions” a statement said.

President and Chief Technology Officer of Mobilotto, Fulvio Ciano, said: “While we will continue to focus on providing our tailored and secure mobile lottery solutions to lottery operators, we will be branching out to create and develop applications using our mobile platform and expand our offering across a number of potentially lucrative applications that can benefit from our unique technology.”

“Changing the name to Mobile Integrated Systems affirms our commitment to expanding our reach and providing greater value to our shareholders,” he added.

Loto is currently continuing to develop and scale its technology so that it may be deployed in such industries as finance and transportation, the company said..

After commissioning a KMPG study, The Remote Gambling Association (RGA) has concluded that a taxation regime for remote gambling based on a Gross Profits Tax (GPT) will result in more income for the Cypriot government. It also found that it would provide better social protection measures for Cypriot consumers.

The RGA commissioned KPMG Cyprus to test the effectiveness of the Cypriot government’s proposal to impose a 3% turnover tax on online betting, in order to raise revenue and ensure the effective implementation of social responsibility policies.

Clive Hawkswood, CEO of the Remote Gambling Association said: “The RGA believes that the partial opening of the Cypriot on-line gambling market is a welcome step. However, by proposing a turnover tax regime the Government is creating a huge and uncompetitive financial burden for potential licensees. There is no doubt that implementation of current proposals will see the newly regulated market fail, which will be to the detriment of the Cypriot state and consumers.”

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