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Compliance Updates

Sweden postpones licensing process to 1 August

Niji Narayan

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Photo credits: http://www.hb.se
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The Swedish government has moved closer to establishing new igaming regulations, as it completed the submission of secondary legislation to the European Commission (EC).

According to Nordic Gambling, the legislation features rules that cover the whole spectrum of igaming, such as licensing, international cooperation, responsible gambling, supervision and fees.

The legislation also includes confirmation that although the regulations will not come into force until January 1, 2019, the licensing process will open on August 1 this year, one month later than the initial date of July 1.

Gaming operators that intend to apply for a licence will have to pay SEK400,000 (€38,800/$47,800), and should the company want to offer both online gambling and betting, this fee will be set at SEK700,000.

Other features in the legislation include the specification of games that can be offered under an online games licence, comprising roulette, card games, dice games, online bingo and slots.

Although there are no restrictions on betting on lower leagues and spot betting, with the exception of Swedish trotting and cantering races, the Lotteriinspektionen national regulatory body will have the ability to place restrictions on the type of game and introduce schemes to combat match-fixing.

The legislation also addresses rules regarding the use of personal data, as well as self-exclusion and both time and spending limits.

The move comes after the statutory standstill period set aside for review of the legislation by the EC and member states expired last month.

No detailed opinions were received against the initial draft proposal during the three-month window on whether the proposal would create unfair barriers to free movement of goods and services.

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Compliance Updates

FansUnite Entertainment Applies for U.K. Gambling Licenses

George Miller

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FansUnite Entertainment Applies for U.K. Gambling Licenses
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The licenses will enable FansUnite to serve as a B2C gambling operator and a B2B technology provider in the U.K. marketplace

FansUnite Entertainment Inc. announced that its subsidiaries, Askott Entertainment (Malta) Limited and E.G.G. Ltd., have filed applications for both Business-toBusiness (“B2B”) and Business-to-Consumer (“B2C”) gambling licenses, respectively with the U.K. Gambling Commission (“Gambling Commission”).

The U.K. Gambling Commission was set up under the Gambling Act 2005 to regulate commercial gambling in Great Britain in partnership with licensing authorities.

As part of FansUnite’s expansion strategy, the Company has applied for a remote gambling software license, which will unlock its suite of betting products to operators in the U.K. online gambling market. In addition, EGG Ltd. has applied for a remote betting license which will permit it to deploy its B2C wagering platforms in the United Kingdom.

These applications represent a critical step for FansUnite to expand its operations to the U.K., a jurisdiction that is considered to be one of the largest gambling markets in the world.

“The U.K. gambling licenses are widely regarded as the gold standard for lawful gaming operations and we are pleased to have formally submitted our application with the commission,” said Scott Burton, Chief Executive Officer of FansUnite. “The first step to our expansion in the U.K. is to obtain the relevant licenses from the country’s Gambling Commission, which will allow us to license our betting solutions as well as operate our B2C betting platforms in the United Kingdom. By doing so, we will be in a position to advance our operations to capture market share in one of the most lucrative online betting markets in the world.”

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Compliance Updates

Parimatch became the first company in Ukraine to receive permission for a betting license

George Miller

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Parimatch became the first company in Ukraine to receive permission for a betting license
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After signing a law on the legalization of gambling, Ukraine moved closer to regulation’s European gambling market standards. Parimatch received the first official Ukrainian permission for a license for betting activities in Ukraine.

On August 13, the law on the legalization of the gambling market came into force – one of President Volodymyr Zelensky’s promises to the people of Ukraine. After 11 years, the gambling business emerged from the shadows, and the state finally brought the country’s betting industry regulations in line with those of Europe.

Parimatch became the first licensed operator in Ukraine. The license allows the company to legally provide betting services, casinos, and poker, which will generate tax revenues to the state budget. The Ukrainian license became the 5th for the international holding Parimatch.

Restarting the gambling market according to European standards will catalyze the inflow of international investments into the country. Parliamentarians have already stated that in 2021 alone, the budget of Ukraine expects about 255 million euros in revenues from the gambling industry. The state will direct the money received from the sale of licenses to support socially significant areas such as medicine, culture, and sports. The influx of foreign investors also contributes to developing of technologies that will give Ukraine the impetus to compete in the international entertainment market.

“Work still remains to be done on reforming tax legislation before the Ukrainian market becomes attractive to foreign investors. Taxation should be transparent and logical so that it doesn’t create additional obstacles for foreign investors. At this stage, the cost of licenses for various types of gambling activities is so high that, together with taxation, it does not make investments in the nascent Ukrainian market attractive. So Ukraine could lose the competition in terms of investment to other countries. Under favorable legal conditions, specialist market capacity and qualifications will allow Ukraine to become a gaming hub for the Eastern Europe region. Like Malta and Manila, Ukraine now has the potential to become a center of expertise for gambling entertainment.” – Managing Partner of Parimatch Holding Maksym Liashko

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Compliance Updates

Kansspelautoriteit Publishes Licensing Trademark for Dutch Online Gambling

Niji Narayan

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Kansspelautoriteit Publishes Licensing Trademark for Dutch Online Gambling
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The Netherlands Gaming Authority Kansspelautoriteit (KSA) has revealed its “licensed trademark” that operators must display across their digital portfolios as a duty of the “Remote Gambling Act” (KOA Act).

Approved KOA operators must display the “Vergunninghouder Kansspelautoriteit” (Licensed by Kansspelautoriteit) trademark on their website and mobile app download pages.

Dutch consumers must be able to click on the trademark and be redirected to the KSA licensing page, informing the user of the KOA operators’ full licensing provisions.

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