Skill On Net Review - ESG and Sustainability Performance (2024)

ESG Summary

Transparency			SkillOnNet demonstrates limited transparency due to the absence of sustainability and financial annual reports. More comprehensive information on sustainability efforts and customer-related issues is needed. Commitment to responsible gambling practices. Publishing sustainability and financial reports to enhance transparency, providing more comprehensive information on sustainability efforts.
ESG Strategy			SkillOnNet’s ESG strategy remains unclear without available reports. There is room for improvement in developing and disclosing a robust strategy focused on responsible gambling and diversity. Emphasis on responsible gambling practices and a diverse workforce. Developing and disclosing a clear ESG strategy, focusing on sustainability goals and diversity initiatives.
Sanctions			SkillOnNet has faced sanctions, notably settling with the UK Gambling Commission and receiving penalties from the Swedish government. This highlights areas for improvement in compliance and risk management. Actively addressing regulatory issues. Strengthening compliance measures to prevent future sanctions.
3rd Party Rating			SkillOnNet’s public perception is mixed, with both positive accolades, such as EGR Operator Awards, and concerns regarding customer service and regulatory compliance. Positive industry recognition. Addressing customer service concerns and improving regulatory compliance to enhance public perception.

Company Overview

About the Company

Established in 2005, SkillOnNet is a leading online casino software provider and platform operator in the iGaming industry. Headquartered in Malta, the company holds licenses in multiple countries, including the UK, Denmark, and Germany, showcasing its commitment to regulatory compliance. SkillOnNet boasts a diverse portfolio of 34 brands, offering a wide range of products and services to online gambling operators globally.

SkillOnNet’s core focus is on delivering a comprehensive casino platform, complete with an extensive selection of casino games and innovative mobile gaming solutions. Despite encountering challenges and regulatory scrutiny typical in the industry, SkillOnNet remains resilient and steadfast in its emphasis on responsible gambling practices, regulatory adherence, and sustainability initiatives. With a dedicated workforce of 558 employees, SkillOnNet is positioned to pursue both immediate goals and long-term sustainable growth strategies.

The company’s dedication to responsible gambling and regulatory compliance underscores its commitment to ensuring a safe and secure gaming environment for players. SkillOnNet’s workforce, composed of talented professionals, is integral to its success, enabling the company to navigate challenges and continue delivering innovative gaming solutions. As SkillOnNet strives for excellence, it remains focused on achieving its vision of providing top-tier online gaming experiences while maintaining a strong commitment to sustainability and responsible business practices.

Key Performance Indicators (KPI)

Data Not Available:

Unfortunately, specific data for Historical Gross Winnings Revenue (GWR) on Casino Games in 2022 is currently unavailable. We await the release of the relevant figures to provide an accurate representation of the financial performance during that period.

Environmental Impact

Emissions

• Data Not Available: Specific information on emissions is currently unavailable.

Emissions Scope / Supplier / Other

• Data Not Available: Details regarding emissions scope, suppliers, and other related information are currently unavailable.

Targets & Initiatives

• Limited Information: SkillOnNet’s specific targets and initiatives related to environmental performance are not extensively documented.

Social Performance

Internal

• Employees
  • SkillOnNet employs 558 individuals, but detailed demographic data, such as gender diversity or employee well-being programs, is not disclosed.
• Gender
  • Data Not Available: Gender diversity statistics within the company’s workforce are not publicly available.
• Glassdoor Rating
  • Rating Not Available: SkillOnNet’s Glassdoor rating is not accessible at this time.

External

• Responsible Gambling Measures
  • SkillOnNet is renowned for its commitment to responsible gambling, emphasizing player protection and support.
• Community Engagement
  • Limited Information: SkillOnNet’s specific community engagement initiatives are not extensively documented.
• Responsible Marketing
  • Limited Information: Details regarding SkillOnNet’s responsible marketing practices are not extensively documented.

Governance and Compliance

Code of Conduct

• Limited Information: SkillOnNet’s specific code of conduct is not extensively documented.

Frameworks & Policies

• Limited Information: Details regarding specific frameworks and policies related to governance are not extensively available.

Anti-Corruption Measures

• Limited Information: SkillOnNet’s anti-corruption measures and policies are not extensively documented.

Sustainability Charter

• Data Not Available: A specific sustainability charter for SkillOnNet is currently unavailable.

Tax Policies

• Limited Information: SkillOnNet’s tax policies are not extensively documented.

CEO Compensation

• Data Not Available: Specific details on SkillOnNet’s CEO compensation are not publicly disclosed.

Corporate Structure

• Leadership:
  • Jerry Land: VP of B2B Solutions
  • Charris Lappas: Head of Information Security and Governance
  • Maor Nutkevitch: SVP of Corporate Development
  • Maria Eleftheriou: HR Officer

Committees

• Limited Information: Details regarding specific committees within SkillOnNet are not extensively available.

Financials

• Data Not Available: Detailed financial information, such as revenue, profit, and operational costs, is not publicly disclosed by SkillOnNet.

Sanctions, Controversies and Concerns

SkillOnNet has faced notable challenges in terms of regulatory compliance:

• UK Gambling Commission Settlement: In a settlement with the UK Gambling Commission, SkillOnNet agreed to pay £305,150 for breaches related to anti-money laundering (AML) and social responsibility.
• Swedish Government Penalty (2020): SkillOnNet received a significant penalty from the Swedish government in 2020 for Know Your Customer (KYC) failings. This penalty highlights the importance of stringent regulatory adherence in the online gambling industry.

Despite these challenges, SkillOnNet has demonstrated resilience and a commitment to improving its regulatory practices and enhancing the overall gaming experience for its customers. Ongoing efforts in regulatory compliance underscore the company’s dedication to overcoming past issues and maintaining a strong reputation within the industry.

UN Sustainable Development Goals (SDGs)

SkillOnNet aligns its operations and initiatives with several UN Sustainable Development Goals (SDGs), demonstrating its commitment to social and environmental sustainability:

	SkillOnNet promotes responsible gambling practices, contributing to the well-being of its customers by ensuring a safe and enjoyable gaming environment.
	The company embraces diversity within its multinational workforce, fostering an inclusive environment where gender equality is valued.
	SkillOnNet provides employment opportunities for its 558 employees, supporting economic growth in the regions where it operates.
	By promoting a diverse and inclusive workplace, SkillOnNet aims to reduce inequalities within its organization.
	SkillOnNet emphasizes responsible gambling, encouraging sustainable consumption patterns among its customers.
	The company collaborates with regulatory bodies and industry partners to improve standards and ensure responsible gaming practices, contributing to the broader goal of sustainable development.

Awards and Ratings

SkillOnNet’s dedication to excellence and innovation has garnered prestigious industry awards, showcasing recognition for its impact in the online casino industry. Some notable achievements include:

• EGR Operator Awards 2017: PlayOJO, powered by SkillOnNet, was honored with the “Rising Star of the Year” award at the esteemed EGR Operator Awards 2017. This accolade marked a significant milestone for both SkillOnNet and PlayOJO, underscoring their influence in the online casino sphere.
• EGR Operator Awards 2023: Continuing its success, PlayOJO secured two trophies at the EGR Operator Awards 2023. This recognition further reinforces the operator’s dedication to setting new standards and pushing boundaries within the industry. These awards highlight SkillOnNet’s commitment to innovation and providing exceptional gaming experiences.

Conclusion

SkillOnNet stands as a significant player in the online casino industry, offering a diverse range of products and services through its platform. While the company showcases a commitment to responsible gambling and compliance with regulatory standards, there are areas for improvement. SkillOnNet’s resilience in the face of challenges, such as penalties from regulatory bodies, demonstrates its determination to overcome obstacles and enhance its gaming platform.

The company’s leadership, including Jerry Land (VP of B2B Solutions), Charris Lappas (Head of Information Security and Governance), Maor Nutkevitch (SVP of Corporate Development), and Maria Eleftheriou (HR Officer), plays a pivotal role in steering SkillOnNet towards meeting its objectives. Despite limited information on specific environmental and governmental practices, SkillOnNet’s dedication to sustainability, diverse workforce, and adherence to UN Sustainable Development Goals show promise for future growth and positive impact.

As SkillOnNet continues to navigate the evolving landscape of online casinos, addressing customer-related concerns and enhancing transparency in governance practices will be crucial. The company’s accolades, such as those from the EGR Operator Awards, underscore its impact and recognition within the industry. SkillOnNet’s journey towards sustainable growth, regulatory compliance, and innovation will be pivotal in maintaining its position as a leader in the competitive online casino market.

1. Transparency: SkillOnNet demonstrates transparency through its commitment to responsible gambling. However, there is a need for more comprehensive information regarding sustainability efforts and customer-related issues to enhance transparency further.
2. ESG Strategy: SkillOnNet has an ESG strategy in place, prioritizing responsible gambling practices and maintaining a diverse workforce. Despite these efforts, challenges indicate the necessity for continuous improvement in their strategy.
3. Sanctions and Controversies: Yes, SkillOnNet has faced sanctions and controversies. The company settled with the UK Gambling Commission and also received penalties from the Swedish government, particularly in 2020 for KYC failings. SkillOnNet is actively addressing these issues to maintain compliance with regulatory standards.
4. 3rd Party Rating: SkillOnNet’s public perception is mixed, with both positive strides and challenges. While the company has received accolades such as the EGR Operator Awards, there are also customer-related concerns and regulatory penalties that impact its public rating. Continuous efforts to address these issues will be crucial for improving the company’s overall public perception.

Verdict and BWC Sustainability Scorecard: SkillOnNet

Final Score: 2/5 (Acceptable – We think you deserve better)

SkillOnNet receives a final score of approximately 1.75, which rounds up to 2 (Acceptable – we think you deserve better.). This score reflects SkillOnNet’s limited transparency, unclear ESG strategy, challenges with sanctions, and mixed public perception. Areas for improvement include enhancing transparency on sustainability efforts, developing a clear ESG strategy with a focus on sustainability goals and diversity, strengthening compliance measures to avoid future sanctions, and addressing customer service concerns to improve public perception.

SkillOnNet has the potential to improve its sustainability performance by addressing these key areas, aligning its practices with global sustainability goals, and enhancing transparency in its operations.