The iGaming industry is rapidly evolving, with companies constantly seeking ways to enhance their operations whilst ensuring regulatory compliance. At Capstone Group, we understand the crucial role that external audits play in achieving these goals. In this article, we explore how our firm can support gaming companies in navigating the complexities of the industry and driving success. We also share insights from our recent attendance at SiGMA Europe 2024.
Ensuring Regulatory Compliance:
One of the primary benefits of engaging an experienced external auditor is to ensure regulatory compliance. The iGaming industry is subject to stringent regulations and standards, which can vary significantly across different jurisdictions. Capstone’s dedicated iGaming audit team have garnered experience both locally, as an MGA approved audit service provider, but also overseas where the firm also has been involved in supporting audit procedures involving clients with operations in foreign jurisdictions that have introduced territory-specific licenses. Furthermore, we maintain regular contact with legal and regulatory experts outside the Maltese jurisdiction to discuss emerging requirements that are relevant to our engagements.
Enhancing Financial Transparency:
Financial transparency is essential for building trust with stakeholders, including investors, regulators, and customers. Our external audits provide an independent assessment of a company’s financial statements, ensuring accuracy and reliability.
Strengthening Internal Controls and Leveraging Technology and Innovation:
Effective internal controls are vital for safeguarding assets, preventing fraud, and ensuring operational efficiency.
The iGaming industry is also heavily reliant on technology, and staying ahead of technological advancements is crucial. Capstone Group assesses the effectiveness of a company’s IT systems, cybersecurity measures, and data management practices. By leveraging the latest technologies and innovations, gaming companies can enhance their security, improve user experience, and drive growth. Capstone’s team have the right credentials to perform assessments and evaluations of tech driven solutions that are deployed by the industry to safeguard assets and players data.
The team at Capstone Group:
Capstone Group is at the forefront of industry-specific audit services, featuring a dedicated Gaming Audit team led by founding partner Kris Baron and supported by senior team members Lara Baron, Jairo Mifsud, and Neil Farrugia.
Our Gaming Audit Team consists of seasoned professionals with in-depth knowledge of both the audit landscape and the gaming sector. We are equipped to address the unique challenges of this fast-paced industry.
Insights from SiGMA Europe 2024:
Our recent attendance at SiGMA Europe 2024 provided valuable insights into the latest trends and developments in the iGaming industry. We engaged with key stakeholders and explored emerging trends, regulatory updates, and innovative technologies. These insights further strengthen our ability to support gaming companies in navigating the industry’s complexities.
At Capstone Group, we are dedicated to supporting gaming companies as they build a foundation for lasting success. With our expertise, iGaming companies can confidently navigate industry complexities and stay aligned with their strategic vision.
