Greco Gains New Jersey License to Combat Online Casino Bonus Abuse

By Raymond
Published January 4, 2023

Greco, a European company has officially received its license to enter the US market to help gaming operators better control bonus abuse.

The tech company launched their gameplay risk assessment engine late in 2022, aimed to identify unintended losses and casino bonus abuse. Resorts Casino was the first to sign an agreement with Greco, welcoming their services for the New Jersey online casino industry.

Armed with the first partnership, Greco aims to reveal how operators in the state are dealing with bonus abuse. According to Phillip O’Driscoll and Ozric Vondervelden at Greco, bonuses and sign up offers to the value of $17,875 are claimed using false identities.

Resorts Digital Gaming CEO (Ed Andrewes) commented: “Greco’s risk engine will enable us to combat one of the biggest challenges we’re facing now, and we are looking forward to leveraging off their considerable experience in the European market.

How Greco Works in New Jersey

Greco analyses the way players use casino bonuses to identify the level of risk associated with each player. The software automatically finds those who take advantage of casino bonuses in real time.

One of the primary focuses relate to online slots that include “build up bonus” features. This refers to games that activate rewards after a certain number of spins or actions have taken place, such as collecting bonus symbols. Abusers would commonly use the promotional funds to build up the in-game feature, then cancel of the promotion with the casino, and go back to the game to activate the reward in real money – avoiding the associated bonus terms and conditions.

While analysing slots currently reflects the primary benefit, Greco is launching many other features and benefits to provide a fair gaming environment for players and operators alike.