salsa-technology-launches-salsa-safe,-a-dedicated-platform-for-igaming-regulators

Salsa Technology Launches Salsa Safe, a Dedicated Platform for iGaming Regulators

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Salsa Technology has added another product in its portfolio of solutions for the iGaming sector. This latest addition is a secure system designed to meet the demand of global regulators in the online gambling sector.

Salsa Safe provides regulatory bodies in the sector including Brazilian state lotteries with a comprehensive system. It integrates operator management data and enables effective and transparent monitoring of operations.

In addition to being an important ally of regulators, Salsa Safe provides operators with the tools they need to comply with all regulatory requirements, helping to prevent fraud, protect players and promote responsible gaming.

The platform was specially designed to enhance responsible gaming by monitoring suspicious bets, types of self-exclusions and data control. Salsa Safe automates management reports for financial teams including transaction volume per operator, tax calculation and application of compliance models. It is worth highlighting that the product is fully integrated with PIX, which is the most popular method of the Brazilian payment system.

Salsa Safe offers a unique approach to data management, combining data from multiple sources to provide regulators with a complete view of operations. The platform’s intuitive design and advanced reporting capabilities make it easy to monitor operations, detect fraudulent activity and comply with regulations.

“We are excited to introduce Salsa Safe,” the Chief Operating Officer for Salsa Technology, Andre Filipe Neves, said. “This comprehensive solution not only provides regulators with necessary tools for monitoring operator activities but also assists operators in meeting the stringent requirements imposed by regulators.”

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DOJ Accredits PAGCor’s Alternative Dispute Resolution Program

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The Philippine Amusement and Gaming Corporation (PAGCor)’s Alternative Dispute Resolution Program has received recognition from the Department of Justice (DOJ) for achieving a high mediation success rate.

The recognition makes PAGCOR and the Intellectual Property Office of the Philippines the only government-owned and controlled corporations (GOCCs) to have earned such accreditation from the DOJ.

During the recognition ceremony held today, November 22, 2023, at the PAGCor Executive Office at New Coast Manila, DOJ Undersecretary Atty. Irene de Torres-Alogoc said they were impressed by the high success rate of PAGCor’s mediation program.

“We were surprised by PAGCor’s high success rate,” said Torres-Alogoc. “We hope to have more (success) because when there are disputes in an agency, it is hard to work. It affects the productivity of the office itself.”

In its certificate of recognition, the DOJ’s Office for Alternative Dispute Resolution (OADR) said PAGCor has effectively ‘complied with the requirements set forth under the OADR Accreditation Guidelines for Alternative Dispute Resolution Organizations and Training Standards for Alternative Dispute Resolution Practitioners in the field of Mediation’.”

The gaming agency’s accreditation will be valid until 2024.

PAGCor’s Public Alternative Dispute Resolution Program was formed in compliance with Republic Act 9285, also known as the Alternative Dispute Resolution Act of 2004, and Executive Order No. 97, s. 2012, which mandates government agencies to establish a system to resolve disputes filed before them.

The program aims to mitigate and avoid animosity between or among PAGCor personnel and other parties that, if not properly addressed, may result in the elevation of the disputes to the courts.

Some of the most common cases being mediated under the program are alimony, spousal and child support, non-payment of just debts, among others.

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CreedRoomz Gains Danish Licence for Live Casino Games

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CreedRoomz, a prominent player in the realm of live casino solutions, is delighted to announce its successful acquisition of a Danish licence for live casino operations.

This pivotal step not only expands CreedRoomz’s European footprint but also aligns with its commitment to upholding stringent regulatory standards and delivering superior gaming experiences.

Authorised by the Danish Gambling Authority, CreedRoomz is set to introduce its rich assortment of live casino games to the Danish audience. This includes a variety of engaging titles such as Richie Roulette, Roulette Aurum, Russian Poker, Switch Blackjack, traditional Roulette, Swift Roulette, Dragon Tiger, Asian Dragon Tiger, and Keno. This expansion is a significant stride in reinforcing CreedRoomz’s presence within the European market, emphasising its resolve to provide engaging, safe, and responsible gaming experiences.

“We are incredibly excited to bring our diverse range of live casino games to Denmark,” stated Sargis Poghosyan, VP of Casino at CreedRoomz. “Securing this licence marks a key milestone in our strategy to expand across Europe and reflects our dedication to meeting high regulatory standards. We are looking forward to introducing Danish players to our world-class live casino games and providing them with unparalleled gaming experiences.”

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OKTO.CASH Receives GGL Approval

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OKTO.CASH, the innovative cash-to-digital payment method of OKTO has been granted approval by the GGL and has been officially recognized as an approved payment method for iGaming in Germany. This significant milestone allows igaming merchants in the German market to leverage the unique advantages of OKTO.CASH, setting them apart from competitors and offering an unparalleled payment experience to their customers.

GGL’s approval of OKTO.CASH comes after a rigorous evaluation process, during which three different operators submitted applications to utilize this innovative payment method. OKTO.CASH has emerged as the preferred choice for operators seeking to enhance their payment offerings.

Operators now have the option to utilize the OKTO.CASH branded solution or opt for a white-label version, providing flexibility in catering to their specific customer base and brand identity.

Mikhail Ovsepyan, Head of Germany at OKTO, expressed his enthusiasm about this achievement: “We are glad to have received GGL’s approval. OKTO.CASH is a revolutionary payment method for the German market, allowing direct real-time cash top-ups for iGaming accounts at a wide network of points of sale (POS). This is a game-changer for the industry, as there are currently no comparable solutions available.”

OKTO has built a rapidly expanding network of POS locations in Germany, which will encompass over 40,000 points of sale, including supermarket chains, kiosks, gas stations, and potentially German post offices. This strategic emphasis on proximity ensures that customers can conveniently access OKTO.CASH, thereby opening up new opportunities for customer acquisition and revenue generation that were previously unreachable through traditional payment methods.

One of the key differentiators of OKTO.CASH is its seamless payment journey, complemented by an embedded eVoucher payment method, which elevates the customer payment experience to best-in-class standards. This innovation reduces abandonment rates for consumers, as cash payments significantly reduce friction, leading to higher conversion rates.

As the iGaming industry in Germany continues to evolve, OKTO.CASH stands at the forefront of payment technology, offering operators a competitive edge and providing customers with a convenient and efficient payment solution. The approval by GGL underscores the importance of innovation and customer-centric solutions in the rapidly expanding igaming market.

Operators who choose OKTO.CASH can anticipate not only differentiation from its competitors but also the opportunity to attract a unique customer segment that values the convenience and reliability of cash-based payments.

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Timor-Leste: The Newest Global iGaming Jurisdiction

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Southeast Asia’s youngest country is progressing towards becoming the newest hub for licensing and professional support services for the global iGaming industry.

This important development for the country will see the establishment and incorporation of the Virtual Gaming Association (VGA) of Timor-Leste to create a policy of best practices for the licensing and regulation of iGaming in the country.

Partners involved in the implementation of this process are currently in Malta at the SiGMA tradeshow to meet with global gaming operators and receive industry feedback that will influence the definition of this sector’s policies in Timor-Leste and help set up the country as an iGaming-friendly global licensing jurisdiction.

Timor-Leste’s Ambassador to Indonesia, HE Filomeno Alexio shared the stage at the Malta Experts Insight summit today along with Antonio Sampaio of Capital S, Richard Leather of TheRegulationService and Patrice Rodrigue of Angular Legal to address questions about this new jurisdiction.

That panel was preceded by an introduction from Timor-Leste’s President and Nobel Laureate Jose Ramos-Horta, who addressed the audience via an eight-minute video highlighting his country and its unique position in Asia.

Timor-Leste’s potential, with two thirds of its entire population under 30, will open significant opportunities for the creation of call centres, data centres and the development of a luxury resort and casino.

The Virtual Gaming Association of Timor-Leste is the trade association for the iGaming industry in Timor-Leste. It is currently focused on consultation from the industry, via its membership, to develop best practices for Timor-Leste ‘s iGaming regulation. This will include player protection measures, technological requirements for operators and developing the commercial framework that makes Timor-Leste one of the most business-friendly jurisdictions globally for the iGaming industry.

For further information please visit VGA.tl or contact the VGA at Info @ VGA.tl.

ela-games-approved-for-b2b-sweden-license

Ela Games Approved for B2B Sweden License

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ELA Games, a leading casino games provider to the regulated online gambling industry, is delighted to announce that it has been granted a B2B license in the key strategic market of Sweden.

Getting licensed by the Swedish Gambling Authority is another important stage in ELA Games’ strategic expansion across major European markets and the company looks forward to launching its casino games with the leading content aggregators in Sweden.

ELA Games will be building on this initial first step with new partnerships with licensed operators in Sweden.

‍Michael Cini, Business Owner at ELA Games, commented: “Being licensed in Sweden is a tremendous opportunity to continue our expansion across Europe’s regulated markets. We look forward to providing our games to Swedish players and working in close cooperation with the SGA and the many top level operators as we position ourselves as a key content provider in the market.”

As a games development studio, ELA Games focuses on producing high quality products that are stacked with strong gamification features, quality design and animation such as Vikings Wild Cash and Cash of Gods. They have already received amazing feedback from Swedish stakeholders and the studio looks forward to signing more partnerships and launching more games in the coming months.

uae-may-grant-one-casino-license-to-each-of-its-seven-emirates,-new-report-says

UAE May Grant One Casino License to Each of its Seven Emirates, New Report Says

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The United Arab Emirates (UAE) is considering granting one casino license to each of its seven emirates in an effort to tap the lucrative gaming tourism market while keeping the industry’s growth under control, according to a new report.

But there is no guarantee each emirate would make use of its license, with Dubai said to be putting any immediate thoughts of introducing casinos on hold for now.

The report comes after the UAE revealed in early September the establishment of an official gambling regulator – the General Commercial Gaming Regulatory Authority (GCGRA) – to be led by former MGM Resorts CEO Jim Murren and tasked with introducing a regulatory framework for commercial gaming as well as a national lottery.

Leading US casino operator Wynn Resorts is already developing what looks certain to become the UAE’s first integrated resort with gaming on the man-made Al Marjan Island in Ras Al Khaimah. The $3.9 billion resort, due to open in 2027, will feature a luxury hotel with more than 1000 rooms, a high-end shopping mall, state-of-the-art meeting and convention facility, an exclusive spa, more than 10 restaurants and lounges, an array of entertainment choices and other amenities.

Also looking at introducing casino gaming is Abu Dhabi, the report says, with Yas Island – home to the Yas Marina Formula One Circuit among other attractions – among the main sites being considered.

As for Dubai, any alleged reluctance hasn’t deterred MGM Resorts, which is developing a 1500-hotel near the emirates’ famous Burj Al Arab building and has made no secret of its desire to add gaming.

Speaking at a conference session during G2E in Las Vegas last month, MGM CEO and President Bill Hornbuckle said: “We’re very progressive and excited by what could happen there. We think there’ll be three or four (casinos) in the emirates. It’s up to each ruler to decide what they want to do and where they want to do it. We’re positive. I’d love to be in Dubai with an operating company that has a casino in it, but one step and one day at a time.”

nigerian-fg-proposes-introduction-of-tax-scheme-on-sports-betting

Nigerian FG Proposes Introduction of Tax Scheme on Sports Betting

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The Nigerian Federal Government is proposing to introduce a sports betting industry tax scheme in the country.

The executive secretary of the National Lottery Trust Fund (NLTF), Bello Maigari, on Tuesday said Nigerians spend billions of dollars on betting each year despite the economic hardship in the country.

Maigari said this at the second edition of the ongoing biennial national gaming conference which was organised by the National Lottery Regulatory Commission (NLRC) in Lagos.

The NLTF chief in his address at the conference further said that the online sports betting sector in Nigeria has so far witnessed exponential growth.

“It is not out of place to look at some statistics that underscore the significance of this industry and situate its centrality in promoting the renewed hope agenda of this Administration,” he said.

“As of my last knowledge update in September 2021, the global online betting market was estimated to be worth over $50 billion, and it has continued to grow significantly since then.

“In Nigeria, the online betting sector has seen exponential growth, with millions of citizens engaging in various forms of online gaming and betting.

“With a population of over 200 million people and the largest betting market in Africa, our country is making giant strides in the world of online sports betting.

“Currently, there are over 65 million Nigerians actively engaging in this activity, spending 15 USD on average every day. It is on record, each day, 14 million bet takes and payments are made online in our country.”

Maigari disclosed that the revenue from the online betting sector alone in Nigeria is projected to reach over $256 million by the end of the year 2023.

He stated that this is expected to experience an annual growth rate of nearly 10% to reach more than $366 million by the year 2027.

Maigari further called on the Federal Government should create a framework that can encourage the sports betting industry to start paying taxes in Nigeria.

“Moreover, leveraging the gaming and betting industry as a tax contributor can help create a level playing field for both local and international operators,” he said.

“By establishing clear and equitable tax regulations, we can encourage foreign players to operate within our regulatory framework, ensuring that we benefit from their presence whilst safeguarding our citizens.

“The importance for taxation of this sector cannot be over-emphasized.”

game-changing-recognition:-softgamings’-platform-earns-italian-b2b-certification

Game-Changing Recognition: SoftGamings’ Platform Earns Italian B2B Certification

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The acquisition of B2B certification for Italy on 30th October, 2023 represents a significant milestone in the ongoing development of SoftGamings’ Platform as a leading provider and aggregator of casino software. This achievement not only showcases SoftGamings’ expertise and professionalism within the iGaming sector, but also serves to further enhance trust among its customers and partners.

The attainment of Italian B2B certification signifies that SoftGamings’ Platform adheres to the rigorous standards and requirements established in Italy. This certification reaffirms the company’s possession of the requisite skills, knowledge, and experience necessary for the successful delivery of its comprehensive services and solutions suite.

SoftGamings stands out in the Italian market and becomes the preferred partner for operators looking for reliable and expert service providers: White Label, Turnkey and Game API Integration. This development allows SoftGamings’ Platform to expand its customer base in this region. 

Italy boasts a well-developed gambling industry, contributing approximately 80 billion euros annually to the national treasury through activities such as slot machines and other games. The country’s rich history in gambling dates back to 1638 with the establishment of the first casino, Ridotto. Although there have been attempts to ban casinos since 1923, today, legal gambling establishments operate freely in Italy in accordance with state legislation. Online clubs have also been permitted since 2010, with 20% of their profits contributed to the state.

As stated by Artem Ustinov, Head of White Label and Turnkey Solutions at SoftGamings: “SoftGamings recently received Italian certification, adding to its existing licenses in Malta, Curaçao, Greece, Belgium, Romania and other countries. By obtaining Italian B2B certification, SoftGamings’ brand companies now offer Italian B2B companies a seamless opportunity to collaborate. We provide them with a full range of profitable casino software solutions. This development not only strengthens our position in the European market, but also confirms our commitment to meeting the needs of Italian B2B companies in the iGambling industry”.

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Comments on the Gambling Commission from Lord David Lipsey

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Gambling Commission Consultation

Memorandum from Lord David Lipsey (pictured), Chair for Premier Greyhound Racing

“Much public criticism has been levied at the Gambling Commission’s proposals on affordability; including by me. However, most of this concentrates on the possible effects of the proposals on horse racing.

“Practically nothing has been said about the corresponding effects on greyhound racing. Greyhound racing remains Britain’s fifth largest spectator sport, so this is a strange omission.

“By way of background, greyhound racing gets helpful support from a levy on bookmakers. This levy, unlike the horseracing levy, is voluntary. However, all but a few minnows amongst bookmaking pay it. It is collected by a body called the British Greyhound Racing Fund (BGRF), chaired by Joe Scanlon, an experienced bookmaker. Its board comprises a mix of bookmakers and representatives of the sport. They, in turn, allocate the funds they collect as they see fit to greyhound racing.

“The BGRF is focussed on something of great importance: the welfare of racing and retired greyhounds.

“It is channelled through the sport’s national governing body, the Greyhound Board of Great Britain (GBGB). The GBGB has welfare as its predominant objective. Its document, A Good Life for Every Greyhound is the sport’s guiding light on welfare. Welfare used to be a much lower priority for the BGRF. Much of its money went, for example, on equipment for tracks; a straight business subsidy.

“However, the percentage devoted to welfare has steadily increased. Greyhound welfare now comprises some £3.9 million (51.4%) of the BGRF’s expenditure. A further 19% goes to regulation such as kennel inspection, which is also important for the dogs’ welfare.

“As a direct result of the BGRF’s increased emphasis on welfare, there have been huge improvements in the outcome for greyhounds. When I chaired the then-British Greyhound Racing Board in the 2000s. fewer than one in six greyhounds were rehomed after racing. Many were euthanised. Today on the latest GBGB figures a staggering 95% of dogs are rehomed after racing. Meanwhile, there has been a huge investment in improving track surfaces.

“However, the voluntary levy has not been buoyant. In the latest available year, 2022/23, it raised £7.6 million in levy. In money terms this compares with £8 million a decade ago. But in real terms it has fallen from nearly £11 million in 2012/13 to £8.2 million in July of 2023.

“There was a one-off hike in 2019/20 to £8.8 million following an extension of the levy to overseas bets on greyhounds. I was responsible in negotiating this at the request of the then-Sports Minister, Tracey Crouch. However, it has since declined. The GBGB has been talking to various bookmakers about increasing the levy. However, the near universal response has been for the bookmakers to say ‘we will pay more if all the other bookmakers do’. The result has been stasis.

“Premier Greyhound Racing has no independent evidence on the impact of the proposed crackdown on affordability proposed by the Gambling Commission. However, greyhound racing, like horse racing, has some heavy hitter punters who would plausibly be put off betting on greyhounds if they were subject to onerous affordability checks.

“I can offer here my own experience. £5/£10 is my normal stake. However, as a ‘politically exposed person’, I was subjected to rigorous checks by my bookmaker, responding as they were to Gambling Commission pressure. It took an exchange of 32 e-mails before I was finally allowed to keep my account.

“Of course, I, like other parliamentarians, have received direct assurances from ministers that affordability checks will be automatic and seamless. However, the consultation paper itself makes clear that this is not the intention of the Gambling Commission. It admits that 2/3% of punters may have intrusive affordability checks carried out.

“These will almost by definition be the big punters. Big punters are a mix of those with gambling problems and those who just enjoy a good bet. Greyhound racing like horseracing has done everything it can to encourage safer betting. But if the Gambling Commission insists on probing big punters, they will simply disappear. Some will go to the ‘black market’. Some will seek their kicks elsewhere.

“The loss of greyhound punters will directly impact the yield of the voluntary levy. But equally important, if the bookmakers are hard hit by the new affordability rules (and they all think they will be) that will be a huge blow to their willingness to contribute to the voluntary levy.

“So far bookmakers have stuck with the levy. They have done so partly because they are sentient human beings, many with a huge affection for this most loveable breed of animal. But they do so also because they regard the levy as a price they must pay for the ‘social licence’ for greyhound racing to continue. The RSPCA, Dogs Trust and Blue Cross are already agitating for a ban on the sport. If the bookmakers are under financial pressure because of the impact of affordability checks, they are not likely to be in a mood to up their contributions in line with the sport’s needs.

“It would be horrifying if the progress of the last couple of decades was undone. Some trainers might dispose of dogs in unacceptable ways. Track maintenance might be neglected. Vets might no longer be in attendance at some tracks. Yet if the money to pay for welfare is not forthcoming due to the impact on bookmakers of the new affordability requirements all these are possible. GBGB would resist but it might be powerless to insist.”