The list of countries where PIN-UP Global and its products are banned from use have been updated by the brand.
PIN-UP Global has decided to focus its business activities on the most favorable regulated markets. They made this decision due to the political, economic, and reputational risks.
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 CEO of PIN-UP Global, Marina Ilina, noted that they made the decision considering legal restrictions. The company’s Risk Management Policy also influenced this decision. She said that compliance of products with responsible gaming principles, regulatory requirements and local partner regulations is critical to PIN-UP. Their goal is to follow a sustainable growth strategy to ensure the stability and development of their business.
Business growth with a dedication to technologies, B2B solutions, investments and innovation in product development for iGaming, are where PIN-UP Global will focus.
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 in the international arena and investment-attractive regions. Additionally, it aims to expand partnership contracts with licensed gambling companies.
