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Compliance Updates

Florida to conduct a last-minute session to streamline gambling legislation

Niji Ng

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Photo credits: casinowebscripts.com
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As gambling legislation formulation in Florida is not making any great progress towards any agreement, the state’s legislators are planning to hold a two-day session in a last-ditch effort to reach consensus on the issue. The sessions will be held towards this month-end. It could lead to a consensus in formulating a comprehensive gambling legislation finally.

For starters, the lawmakers discussed the matters for 60 days starting from January 9. The two chambers of the state Legislature each tabled a gambling-oriented bill, but there are key differences in recommendations of both the version of the bill. The news about the new move for a two-day sessions comes in the wake of concerns that the state could lose gaming revenue if a legislation is not enacted quickly. House Speaker Richard Corcoran raised a concern that the state budget could lose hundreds of millions of revenue to state as the fee from Seminole Tribe, a gaming company which currently pays hundreds of millions to the state in exchange for exclusivity over blackjack.

A special session could be the Florida Legislature’s last chance to introduce changes to gambling laws without having to ask residents for their opinion on the matter. Florida residents will cast their vote at the November ballot on a constitutional amendment that, if approved, will limit significantly legislators’ power over gambling-related issues. Under the proposed amendment (Amendment 3) any reforms to the state’s existing gambling law should first be approved by a voters’ majority.

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

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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Compliance Updates

Bethard granted gaming license in Sweden

George Miller

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Bethard granted gaming license in Sweden
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Bethard continues to expand its licensed operations in Europe. Today, the Swedish Gaming Authority announced that Bethard, with its associated white labels, has been granted a Swedish license to operate as from 1st January, 2019. Bethard has thus, in 2018, secured three crucial licences in its strategic markets: The UK, Denmark and Sweden. More licences are to be expected during 2019.

”We are of course very pleased with having our Swedish license and to have received a green light for continuing growing in the Swedish market. Today, I am celebrating together with our white label clients, who now will get the same opportunity as us to carry out operations in Sweden” says Erik Skarp, founder and CEO of Bethard Group. “Sweden is, for many reasons, a very dear market to us and I am personally looking forward to show what we can do in terms of responsible gaming on our home market. Our goal is to become Europe’s leading betting company, not only in terms of innovation but also in terms of having the courage to take the right decisions in order to be a truly responsible gaming company”.

 

Bethard.com is based in Malta and Sweden. The company is currently licensed in Malta, Denmark, the UK and now Sweden. Work on a license application for a license in Ireland as well as a state license in Schleswig-Holstein in Germany has been initiated. The company is actively seeking licenses in several other markets and expects to have a licensed presence in most key European markets already by 2020.

Bethard has been granted a Swedish license for the maximum period granted, which is five years. The license includes betting and online casino games.

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Compliance Updates

MRG has Been Granted Licenses in Sweden for Mr Green and Evoke Gaming

George Miller

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MRG has Been Granted Licenses in Sweden for Mr Green and Evoke Gaming
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MRG has been granted two licenses in Sweden. The licenses include the iGaming sites Mr Green, Redbet, Vinnarum, Bertil and MamaMiaBingo. 

MRG is a fast-growing, innovative iGaming Group with operations in 13 markets. MRG has gaming licenses in Denmark, Ireland, Italy, Latvia, Malta, Sweden and the UK. In Sweden, MRG was granted the licenses through its subsidiaries Mr Green Ltd and Evoke Gaming Ltd.

MRG’s strategy is to grow in regulated markets. In 2018, Mr Green has also been granted a sportsbook license in Denmark and Redbet a sportsbook license in Irland. MRG has also achieved a license in Latvia through the acquisition of the Latvian iGaming site 11.lv.

The new Swedish license system will come into force 1 January 2019.

We welcome the Swedish regulation and are looking forward to offering a superior experience in our Green Gaming environment, says Per Norman, CEO of MRG. We are especially happy about the strong emphasis on responsible gaming in the Swedish regulation since Green Gaming has been part of our strategy since the start of the company ten years ago.

 

MRG is a fast-growing, innovative iGaming Group with operations in 13 markets. MRG offers a superior experience in a Green Gaming environment. MRG was founded in 2007 and operates the iGaming sites Mr Green, Redbet, 11.lv, Winning Room, Bertil, MamaMiaBingo, BingoSjov and BingoSlottet. The Group had a turnover of SEK 1,192.0 million in 2017 and has over 370 employees. MRG has gaming licenses in Denmark, Ireland, Italy, Latvia, Malta, Sweden and the UK. MRG is listed on Nasdaq Stockholm in the Mid Cap segment under the name Mr Green & Co AB (ticker MRG). Read more at www.mrggroup.com.

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