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Pier Paolo Baretta calls for Italy to cling to the terms of the shared online poker liquidity agreement 

Niji Ng

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Baretta (Min. Economia): “tasse uniformi in Europa” e dichiara guerra aperta al gioco online: “per me… divieto totale di pubblicità. Photo credits: www.google.co.in
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Making himself loud and clear in an interview with GiocoNews, Pier Paolo Baretta, the outgoing Undersecretary of State at the Italian Finance Ministry affirmed earlier this week, that Italy should apply the terms of the shared online poker liquidity agreement it signed with France, Spain, and Portugal in Rome, last summer.

Clinging to his,  responsibility of gambling regulation, Mr. Baretta has been a long-time supporter of the shared liquidity project as a means for the revival of Europe’s segregated poker markets.The politician further emphasised that  not implementing the shared liquidity project could be considered a diplomatic gaffe of some sort  and would demonstrate lack of respect towards the partners of Italy’s Agenzia delle dogane e dei Monopoli (the local gambling regulator) from France (ARJEL), Spain (DGOJ), and Portugal (SRIJ).

The first shared poker tables went live in Spain and France in mid-January. PokerStars was the first operator to receive the essential authorization to participate in the shared liquidity project. French online poker operator Winamax also acquired a license from ARJEL to roll out shared poker tables. It now needs the go-ahead nod from Spanish regulators in order to be able to operate in the country.

Mr. Baretta told local media that the necessary technical checks that would make it possible for Italy to join the project were completed successfully. In other words, the country’s gambling regulator now only needs to publish the technical standards framework for the implementation of shared liquidity within its borders so that licensed operators are able to merge their player pools in the participating countries.

The recently held general election delayed the start of the shared liquidity scheme in Italy and, as Mr. Baretta pointed out, it is yet to be seen whether the project will be launched by the outgoing government or by the new one. And it seems that there is still a chance of Italy deciding against its participation, although it had been active in the shared liquidity negotiations. While shared liquidity has gained quite some political support in the country, it has also been opposed by a number of influential politicians who have expressed concerns that the project could create conditions for money laundering and other related crimes.

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Compliance Updates

William Hill is going to appeal Dutch regulator’s heavy fine

Niji Ng

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William Hill is going to appeal Dutch regulator’s heavy fine
Photo Source: independent.co.uk
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William Hill plc. has decided to file an appeal against the heavy fine of 300,000 euros slapped by the Dutch gaming regulator, Kansspelautoriteit. The regulator imposed the penalty on the company for offering online games of chance to Dutch consumers. The website provides Dutch translation facilities and using the Dutch bank account-linked iDEAL online payment solution.

Online gambling is presently banned in the Netherlands. The country does not offer licenses to any company either. The issue of gambling license has been being discussed in the Dutch parliament for some time now.

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Compliance Updates

Norway court orders against GiG in Euro TV AS case

Niji Ng

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Norway court orders against GiG in Euro TV AS case
Photo Source: domstol.no
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Bergen City Court in Norway has ordered Gaming Innovation Group Inc. (GiG) to transfer 3.4 million shares to Euro TV AS on the basis of an alleged oral agreement between the parties 30 April 2015. The order comes as a blow to the Malta-based gaming technology company.

GiG is assessing the order and will make a decision on whether appeal the order or not.

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Compliance Updates

BDO Malta becomes MGA-approved service provider for gaming licencees

Niji Ng

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BDO Malta becomes MGA-approved service provider for gaming licencees
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BDO, a Malta-based corporate services firm specializing in accounting, auditing and tax consultation verticals, has obtained the approval by the Malta Gaming Authority to act as an official Service Provider for System and Compliance Auditing. The  required System and Compliance Auditing is mandatory for gaming operators in Malta as per the regulations.

BDO and its Technology Advisory and Assurance team obtained the approval after passing through a review based on specific criteria as laid out by the Authority. BDO have a tech team comprising CISA qualified individuals with years of experience in servicing the gaming industry.

BDO assisted a number of gaming companies over the years with their licencing application, policies and procedures, renewals, Key Official roles and ongoing matters pertaining to their licence conditions Mark Attard CEO and Partner of BDO Malta said:

“We are delighted that BDO Malta have been given the authorisation to act as Service Providers. This is undoubtedly another seal of approval by the regulator of the world’s iGaming capital and the latest offering we are adding to our service portfolio, as part of our growing Technology Advisory and Assurance service line. We are now able to offer our gaming clients a fully integrated service, with them safe in the knowledge that we adhere to the highest standards as laid down by the Malta Gaming Authority. BDO Malta and all of our team is committed to ensuring that Malta retains and evolves further, its reputation as a jurisdiction of excellence for iGaming and associated industries.”

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