Compliance Updates – Page 21

BtoBet Secures Dutch Sportsbook Licence

January 28, 2022 Published by EuropeanGaming.eu

Reading Time: < 1 minute

Leading sportsbook supplier BtoBet has been granted a licence for its sportsbook platform by Dutch gaming authority, the Kansspelautoriteit (KSA).

This means that BtoBet’s Neuron 3 sportsbook platform is now fully compliant with Dutch regulations and thus ready-to-market, allowing local operator partners to provide a tailored betting experience to their players through cutting-edge technology.

“Receiving the Dutch supplier license offers significant growth opportunities for BtoBet, as we seek to bring first-class betting entertainment to players together with local operators. This license, pending our entry in the Dutch market, will help to accelerate our foothold in the mature European market, as we continue to sustain our growth trajectory with a global market expansion strategy. Setting the basis for BtoBet’s entry to yet another regulated market highlights our commitment to strengthen our position as one of the leading sportsbook suppliers to the global industry,” Dima Reiderman, Chief Operating Officer at BtoBet, said.

Gambling in the Netherlands is legalised and regulated by virtue of the Remote Gambling Act. Originally, the Act was set to be enacted on the 1st of July 2020, however, it was officially enacted on the 1st of April 2020 allowing for market opening to take place on the 1st of October, six months thereafter.

GLI Africa Recognised for 20 Years of Accreditation

January 22, 2022 Published by EuropeanGaming.eu

Reading Time: 2 minutes

Gaming Laboratories International (GLI®) in Africa has been awarded a certificate of recognition from the South African National Accreditation System (SANAS) for maintaining its continuous accreditation for more than 20 years.

SANAS is recognised by the Accreditation for Conformity Assessment, Calibration and Good Laboratory Practice Act, 2006 (Act No. 19 of 2006) as the sole national accreditation body for providing an internationally recognised and effective accreditation.

GLI Africa is accredited by SANAS for Performance Testing (ISO/IEC 17025) and Inspection (ISO/IEC 17020), and the certificate recognises 20 uninterrupted years of accreditation for Performance Testing.

Devon Dalbock, General Manager of GLI Africa said, “This is a fantastic achievement for GLI Africa and demonstrates the extremely high standards the GLI team in Africa and globally consistently work to. This is also great news for our clients and suppliers looking to certify their products for the South African market. By trusting GLI with their compliance testing requirements, they can be assured of the highest levels of integrity and secure in the knowledge that their products will conform to local technical standards.

“The GLI team in Africa has continued to expand throughout the last 12 months to meet the global demand for GLI services with the introduction of 43 new team members, bringing the total to more than 90. We have also launched the GLI complete suite of Integrated Compliance Solutions, which provides companies of all sizes with the tools they need to comply with their regulatory and technical obligations, all in one place.”

GLI is recognized by accreditation bodies worldwide for accreditations to ISO standards for testing ((ISO/IEC 17025), field inspections ((ISO/IEC 17020), product certification (ISO/IEC 17065) and certification of information systems management systems (ISO/IEC 17021). This global scope of accreditations allows GLI the flexibility to serve our customers 24 days hours a day, seven days a week.

Spillemyndigheden: More Than 30,000 Danes Self-excluded from Gambling Since 2012

January 20, 2022 Published by EuropeanGaming.eu

Reading Time: < 1 minute

The Danish gambling regulator Spillemyndigheden has reported that as of the end of 2021, 30,451 people were registered with ROFUS, the country’s register of voluntarily excluded players.

The increase from 26,115 registrations at the end of 2020 is in line with previous years. Spillemyndigheden says an average of 4000 people per year have signed up since the self-exclusion scheme was launched in 2012.

The largest proportion of people registered is in the 20-29 age group, which makes up 30% of the total, ahead of the 30-39 age group (28%). Over 60s represent just 8% of those registered, with 6% in the 60-69 age group and 2% aged 70-79.

Three-quarters of those registered were men, although the split was more even in the older age groups. A quarter of all those using the scheme were men aged 20-29, and 22% were men aged 30-39. Some 4% were men aged under 20.

Spillemyndigheden launched a television and social media campaign for the ROFUS self-exclusion scheme in September, informing players about their right to ask operators to let them “take-a-break” and self-exclude from all gambling promotions.

It became a requirement for all licensed operators to refer self-excluded players to the central ROFUS database under reforms to the Danish Gambling Act implemented in 2018.

Spearhead Studios secures Dutch certification

January 13, 2022 Published by EuropeanGaming.eu

Reading Time: < 1 minute

Gaming developer Spearhead Studios will enter the Dutch market after being granted local certification for its proprietary casino content and RGS platform.

Estimated to reach EUR 1.1 billion in 2024 by the Dutch Gambling Authority (KSA), the Netherlands is set to become a lucrative online gambling market in the regulated European space.

As one of the fastest-growing gaming suppliers in the industry, Spearhead Studios is releasing an average of eight titles per month. Alongside their popular games, such as Wild Gold and Lara Jones is Cleopatra 2, the gaming studio is currently preparing to release its newest branded game, John Daly – Spin It And Win It, a slot dedicated to the golfer’s successful career, on the 3^rd of February.

Besides its own proprietary content, the company is the exclusive distributor of several other developers, including Armadillo Studios, Funfair Games, JVL, and Lady Luck Games.

Mathias Larsson, Managing Director of Spearhead Studios, says: “Spearhead Studios and our partners are always quick to enter new and profitable markets. We are currently present in 14, and we are always looking for the next opportunity to expand our reach. The Dutch market shows significant interest for our games, and we are ready to capitalize on that by getting certified in the region.”

Stake.com’s UK operation now live

December 16, 2021 Published by EuropeanGaming.eu

Reading Time: 2 minutes

Fast-growing global cryptocurrency betting & gaming operator & Watford FC principal sponsor’s UK B2C platform launched on stake.uk.com

Stake, one of the world’s fastest-growing cryptocurrency betting & gaming operators and principal sponsor of Watford FC have ramped up their global expansion with the launch of UK-licensed website, www.stake.uk.com

Since launch in 2017, Stake has grown to process over 30 billion bets a year, including handling five percent of global Bitcoin transactions and 10 percent of global Dogecoin transactions.

The UK platform will offer customers a range of sportsbook, casino and gaming products, powered by TGP.

Running in partnership with TGP Europe and licensed by the UK Gambling Commission, the site launches as part of the global operator’s expansion plans beyond core markets of Canada and Latin America which are managed by Stake’s core operations teams spread in Australia and Serbia.

At launch, Stake.com will offer a number of unique and exclusive betting markets and propositions for UK customers covering major eSports, entertainment and political events along with traditional sports betting markets.

Stake’s UK offering will include a range of responsible gambling tools including systems to allow customers to set deposit limits, take timeouts and self-exclude. Stake is a verified member of the Crypto Gambling Foundation, meeting their fairness and transparency requirements.

Stake’s UK offering will not accept cryptocurrency payments or transactions, processing all payments in fiat currency only in line with UK licensing regulations.

Stake announced a club-record partnership with Watford FC for the 21/22 season, culminating in the iconic Shiba Inu dog adorning the club’s shirt sleeves for the first time. To celebrate the UK launch, Stake are offering Watford fans an exclusive ‘Stake x Watford First Goal Payout’ promotion, meaning if the Hornets score first in any Premier League game and fail to win, Stake will still pay out on all bets on a Watford victory.

Dominic Rae, Sponsorships Manager for Stake said: “Following a successful launch our UK-facing and licensed website stake.uk.com is now live, offering sportsbook, casino and gaming products to the UK.

“Customers will have access to a range of sportsbook markets including odds coverage of unique betting events in esports as well as a full suite of responsible gambling tools, designed to offer a safe and entertaining experience to all customers.”

EveryMatrix applies for new licenses in West Virginia and Michigan

December 15, 2021 Published by EuropeanGaming.eu

Reading Time: < 1 minute

iGaming platform provider EveryMatrix is rapidly advancing in multiple commercial negotiations and, to support its strong sales pipeline, has now filed for licensing in West Virginia and Michigan.

After the company’s progress with deals and fulfilling license requirements in New Jersey, EveryMatrix has filed for two more jurisdictions in West Virginia and Michigan, with more fillings to occur in the near future.

West Virginia and Michigan have both enacted legislation for online casino and sports betting, making these markets highly attractive for EveryMatrix and its future clients with its in-house full turnkey platform.

EveryMatrix continues to expand its U.S. business, having already signed agreements with Tier-1 operators like Kindred Group and Resorts Digital as well as with important payment providers such as PXP Financial and Nuvei.

Erik Nyman, President EveryMatrix Americas, comments: “To support our business advances and multi-state partnerships, we have now filed license applications in West Virginia and Michigan. This follows our clear path and ambition to be live with our technology and products in states that allow for a full casino and sports betting offering. I am very pleased with EveryMatrix’s progress in the U.S. and looking ahead to an exciting 2022.”

Intema announces granting of Isle of Man online gambling license

December 14, 2021 Published by EuropeanGaming.eu

Reading Time: < 1 minute

Intema Solutions Inc. is very pleased to announce that the Isle of Man Gambling Supervision Commission has approved the granting of an Online Gambling Regulation Act (OGRA) 2001 license to Livestream Esports Limited, a wholly owned subsidiary of Intema.

“The grant of the Isle of Man gambling license is major news for Intema and will have a significant positive impact on our future activities,” said Laurent Benezra, Intema’s President and Chief Executive Officer. “In particular, it allows us to comply with one of the TSX Venture Exchange’s main conditions for closing the acquisition of Livestream Gaming Inc. (“Livestream”), with its LOOT.BET online gaming platform. It will also enable us to conduct our iGaming activities through one of the world’s most prestigious gaming jurisdictions and, once we acquire our LOOT.BET platform, to white-label it to regulated gaming markets on a global scale. Finally, it gives LOOT.BET the same level of credibility as other online gambling platforms, throughout the gaming community and among our peers.”

“Once the license is issued, we will proceed with getting final approval from the TSXV and closing the Livestream acquisition, allowing us to start a new chapter of growth for Intema,” concluded Mr. Benezra.

The Isle of Man promotes the highest standards of jurisdictional control in the gaming industry, with extremely high ethical standards for owners and investors, making its license one of the toughest to acquire. The Isle of Man Gambling Supervision Commission gives out the fewest licenses per year. In addition, the license granted by that regulatory body has many financial and logistical benefits, and will allow Intema to offer continuously fun, safe and responsible gaming experiences for gamers around the world.

DGA: Order and action brought against Unibet (Denmark) Limited for breach of the Anti-Money Laundering Act

December 13, 2021 Published by EuropeanGaming.eu

Reading Time: 2 minutes

On 10 December 2021, the Danish Gambling Authority has brought action against Unibet (Denmark) Limited for breaching the rules on customer due diligence of section 10(1), 11(1)(4) and 17(1), and the rules on the obligation to investigate of section 25(1) of the Anti-Money Laundering Act.

Concurrently, the Danish Gambling Authority has ordered Unibet to notify the Money Laundering Secretariat of a previous player with Unibet to correct an existing breach of the obligation to notify of section 26(1) of the Anti-Money Laundering Act. Unibet has been given a deadline of two weeks to make the report.

The action for failure to comply with the rules on customer due diligence and failure to comply with the obligation to investigate is brought against Unibet because Unibet has let a player deposit DKK 1.4 million to his account in the period from December 2016 to 2018 without having sufficient knowledge about whether or not the players funds originated from crime. This toke place despite the fact that Unibet had noted in March 2015 that the player, who at the time was inactive – must be monitored if he became active again.

In December 2018, Unibet requested that the player submit documentation for the origin of the funds. The documentation provided by the player confirmed the suspicion that the player gambled much more than he could finance via his income and assets. Despite this, Unibet let the player continue to deposit about DKK 1.8 million to his account during 2019 and up until April 2020, when his account was closed.

The order on notification is given because Unibet in the same case has omitted to notify the Money Laundering Secretariat, although they already in 2015 had a suspicion which was never dismissed. Since Unibet has not yet notified the Money Laundering Secretariat, the breach still exists and consequently, Unibet has received an order to correct the situation by making a report.

Esports Technologies Secures Access to UK Gaming License

December 9, 2021 Published by EuropeanGaming.eu

Reading Time: < 1 minute

Esports Technologies, Inc., a leading global provider of award-winning advanced esports wagering products and technologies, announced that it secured access to a UK gaming license through an operator services agreement signed along with the $75.9 million acquisition of Aspire Global’s B2C assets.

Through the deal, Esports Technologies gained 1.25 million deposited customers, the majority of them from UK-focused online sportsbook and casino brands Karamba, Hopa, and Griffon Casino. Other brands acquired include BetTarget, Dansk777, and GenerationVIP. The brands recorded wagering of $1.86 billion and $183 million in cash deposits in the most recent 12-month period ending September 2021.

The UK offers one of the world’s largest gaming markets. According to the UK Gambling Commission, Great Britain’s gaming revenue from April 2019 to March 2020 was approximately $19.2 billion. Online gaming has become the largest sector, accounting for roughly 40% of that total revenue.

Bart Barden, COO, Esports Technologies, said, “Gaining access to this UK gaming license is a massive strategic milestone for Esports Technologies. We’re thrilled about this highly lucrative gaming market, and we look forward to bringing our portfolio of esports products to the UK.”

IGT Reaffirms Responsible Gaming Leadership with World Lottery Association Certification

December 4, 2021 Published by EuropeanGaming.eu

Reading Time: 2 minutes

Company’s lottery operations recertified for WLA’s Corporate Social Responsibility Standards and Responsible Gaming Framework for Suppliers

International Game Technology PLC announced that its lottery operations, including iLottery, have been recertified by the World Lottery Association (“WLA”) for WLA’s Corporate Social Responsibility Standards and Responsible Gaming Framework for Suppliers. WLA created the responsible gaming standards to minimize the impact of problem gambling by promoting a worldwide accreditation program for gaming industry operators and suppliers.

“Responsible gaming is engrained into the fabric of what we do at IGT, from our products to our people and programs, it remains at the forefront of all decisions,” said Wendy Montgomery, IGT SVP, Marketing, Communications and Sustainability.“This recertification from WLA reinforces our leadership and commitment as a responsible vendor, as well as demonstrates the effectiveness of our responsible gaming technologies that we provide to our lottery customers worldwide.”

“IGT is one of the most influential responsible gaming leaders in the gaming industry,” said Mélissa Azam, WLA Senior Corporate Social Responsibility Manager. “Its decades-long responsible gaming commitment spans the Company’s products and solutions and is a key component of its corporate culture. The WLA fully supports this recertification for IGT’s lottery operations and congratulates IGT on its continuing dedication to responsible gaming and corporate social responsibility.”

A WLA-approved assessor, EY, conducted the assessment of IGT’s lottery operations to determine its WLA recertification. EY provided an independent auditor’s report on IGT’s alignment with the eight sections of the WLA standards, including research, employee programs, product and service development, remote gaming environment, advertising and marketing communications, client awareness, stakeholder engagement and reporting.

IGT continues to reinforce its commitment to responsible gaming by adhering to eight globally adopted Responsible Gaming Guidelines; working collaboratively with its Responsible Gaming Advisory Group; launching tailored employee e-learning courses on responsible gaming and problem gambling; publicly releasing its corporate wide responsible gaming policy; and continually updating and following its global advertising and marketing communications Code of Principles.

Tag: Compliance Updates

BtoBet Secures Dutch Sportsbook Licence

GLI Africa Recognised for 20 Years of Accreditation

Spillemyndigheden: More Than 30,000 Danes Self-excluded from Gambling Since 2012

Spearhead Studios secures Dutch certification

Stake.com’s UK operation now live

EveryMatrix applies for new licenses in West Virginia and Michigan

Intema announces granting of Isle of Man online gambling license

DGA: Order and action brought against Unibet (Denmark) Limited for breach of the Anti-Money Laundering Act

Esports Technologies Secures Access to UK Gaming License

IGT Reaffirms Responsible Gaming Leadership with World Lottery Association Certification

Latest Members

Who is online

Latest Hashtags