PIN-UP Global has updated the list of countries where the brand and its products are banned from use.
The decision is taken: “Given the political, economic and reputational risks, PIN-UP Global will focus its business activities on the most favorable regulated markets for further expansion.”
PIN-UP has banned the use of, its trademark and software products in the countries: Aruba, Bonaire, St. Maarten, St. Eustatius, Ecuador, Guyana, Panama, Nicaragua, China, Kuwait, Laos, Cambodia, Indonesia, Singapore, South Korea, Taiwan, Philippines, Malaysia, Myanmar, Pakistan, Afghanistan, Iran, Iraq, Syria, Yemen, Algeria, Angola, Namibia, Uganda, Zimbabwe, Russia, Sudan, North Korea, Turkey, Albania, Papua New Guinea.
The decision was made taking into account legal restrictions as well as the Company’s Risk Management Policy, as noted by Marina Ilina, CEO of PIN-UP Global: “Compliance of products with responsible gaming principles, regulatory requirements and local partner regulations is critical to PIN-UP. Our goal is to follow a sustainable growth strategy to ensure the stability and development of our business”.
PIN-UP Global will focus on business growth with a dedication to technologies, B2B solutions, investments as well as innovation in product development for iGaming.
The strategic plans also include restructuring processes, licensing the B2B business field and certifying its own products in the EU market. This will enable the company to strengthen its position on the international arena and investment-attractive regions by expanding partnership contracts with licensed gambling companies.
