Review: Illegal Gambling Scheme PlayRegal Facilitated by the Continent Pay Network!

tamir
Wed, 10 Jul 2024 07:57:56 +0000
Illegal gambling, Illegal Payment Services, Red Compliance, Reviews & Ratings, ticker, Binance Pay, CASHlib, Continent Pay, Criptomy, Flexepin, Intelli Global, Jeton, Letovio Holding, MEGAGAMER, Neosurf, Pennytech Holding, PlayRegal, Sofort, TTVGAMES, Zenion Consulting

PlayRegal is a scheme mirroring the previously exposed and illegally operating online casino, Atlantis Slots. Both platforms utilize the same payment facilitators. Following our investigation, Atlantis Slots has removed references to its alleged operating company in Curacao and its Cypriot payment agent. Likewise, the PlayRegal website fails to provide information about the operators. Evidence suggests that both schemes are operated by the same individuals.

Compliance Check

The PlayRegal platform offers its games in English, German, French, Italian, and Portoguese. The onboarding of players in these language regions is explicitly planned.

The website does not provide any information about the operating entities or the beneficial owners. There is also no information about any existing licenses. The website merely states that PlayRegal is operated by a company duly registered in Curacao. These missing details are red compliance flags.

Until a few weeks ago, the archived websites still listed Logic Online Corp B.V., registered in Curacao, as the operator and its subsidiary in Cyprus, Gamox Limited, as the payment agent in Cyprus. According to the information on the website, GamOX is officially an online marketing agency under the management of director Marina Turcan-Puscas.

The anonymously operated PlayRegal and Atlantis Slots appear to be part of the network around the Israeli cybercrime mastermind Gery Shalon, with the Continent Pay network handling the payment processes.

According to Similarweb data, in the 28 days leading up to July 6, 2024, the website attracted nearly 460,000 visitors, each spending an average of over 29 minutes playing games. The majority of these visitors, more than 75%, originated from France. Overall, almost 90% of all visits to this unregulated and illegal online gambling site were from EU countries.

The platform’s activities in Europe and most other regulatory regimes are illegal due to the lack of appropriate regulatory approvals. This not only contravenes local gambling laws but also raises red flags about the legitimacy and transparency of its operations. The no longer valid license in Curacao and the illegal activities in the EEA jurisdictions raises two red compliance flags.

Facilitating Payment Processors

A critical aspect of PlayRegal’s operation is its network of payment processors, which facilitate illegal gambling activities:

1. Continent Pay: Based in Poland, Continent Pay (ContinentPay.com) is allegedly controlled by Israeli Gery Shalon, a convicted cybercriminal. The cashier supports various payment methods, including Neosurf, Klarna’s subsidiary Sofort, and Binance Pay for cryptocurrency transactions.

2. Gamox Limited: Gamox Limited is a subsidiary of Logic Online Corp B.V. registered in Cyprus. According to its website, It is officially an online marketing agency but processes payments as the gambling scheme’s agent.

3. Zenium Consulting Ltd: this entity, registered in the UK as a digital marketing agency, is integrated into Atlantis Slots via the “MEGAGAMER” brand as a payment agent for deposits via Neosurf.

4. Intelli Global LTD: When deposits are made via Sofort, the payment agent identified is Intelli Global LTD, operating under the name TTVGAMES (TTVGAMES.com) and registered in London. This connection further complicates the compliance landscape for Atlantis Slots, introducing another layer of opaque operations.

5. Criptomy UAB: For transactions via Binance Pay, the payment agent is Criptomy UAB, the Lithuania-based operator of the crypto exchange Criptomy (criptomy.exchange). This Lithuanian entity’s involvement highlights the cross-border complexities and potential regulatory evasions employed by Atlantis Slots.

These payment facilitators are used to process and receive deposits from players via various payment options. The payment facilitators are the same as those of the recently investigated illegal online gambling scheme Atlantis Slots.

Read the FinTelegram Atlantis Slots review here.

Read more about Continent Pay and Criptomy here.

Key Data PlayRegal

Trading name | PlayRegal
Activity | Online gambling

Domains

https://www.playregal.com
www.playregal-victory.com

Legal entity | not disclosed

Related legal entities

Logic Online Corp B.V.
Gamox Limited (payment agent)
Intelli Global Ltd (payment agent)
UAB Criptomy (payment agent)
Zenion Consulting Ltd (payment agent)

Jurisdictions | Curacao, Cyprus
Related individuals | Marina Turcan-Puscas

Payment Facilitators

Continent Pay
Criptomy
TTVGAMES
MEGAGAMER

Payment processors

Binance Pay, CASHlib, Sofort
Flexepin, Jeton, Neosurf

Compliance rating | Red

Report Information

If you have any information about PayRegal, its operators and facilitators, please let us know via our whistleblowing system, Whistle42.