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Compliance Updates

Slovakian government is set to revamp the existing gambling laws

Zoltan Tundik

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Slovakia is set to open its online casino market to internationally licensed operators by revamping its already existing gambling laws.

Just recently, Slovakia’s Ministry of Finance unveiled a draft legislation which could take affect by March 2019 and it would rearrange the country’s gambling legal framework completely.

After much anticipation coming from the industry experts, the Slovak government is taking first steps which would allow international companies to seek online casino licenses and would erase the monopoly currently held by state-run operator Tipos.

The new law responds to the latest trends in digitization which are also affect the gaming industry and among the goals the legislations is also seeking to increase consumer protection.

Sources claim(CalvinAyre.com) that online casino revenue would be taxed at a rate of 23% (locally licensed online sportsbook operators currently pay 27%).

Land based

The bill reinforces the conditions for the exercise of gambling operation within the Slovakian territory and the availability of gambling will be reduced. As of March 2019, this limit will be set to a minimum of 15 units. After increasing the minimum number of devices in the gaming halls from 5 to 12 units, there has been a decrease in the number of operations since January this year.

The law will also impose the presence of only one gaming operator per room. Also the time of limited play and to the municipal administrations will be allowed to prohibit certain types of games of chance during the established days, but in any case no more than twelve in a year.

All the measures adopted in the previous amendment to the law remain in force, for example a ban on installing gaming machines in pubs or bars. The law also provides for the introduction of the register of excluded persons who will not be allowed to play with certain types of games of chance.

Online

Among the most important changes brought by the new legislation are the measures for online gambling, an activity that involves which is rapidly growing. The Ministry of Finance was inspired by European countries, such as Denmark, Sweden, Romania or the Czech Republic, with particular attention to strengthening the protection of players. The bill creates a new licensing structure which would regulate online operators to strict rules and those who will not comply or do not have a license will have to answer before a judge.

Upcoming briefings about the Slovakian gambling market will be during CEEGC Budapest, where Štefan Švec (Playtech) will share more insights. Visit www.ceegc.eu for more details.

 

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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Compliance Updates

Missouri Gaming Commission Considers Gaming Terminals as Illegal

Niji Narayan

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Missouri Gaming Commission Considers Gaming Terminals as Illegal
Photo Source: bmmagazine.co.uk
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The Missouri Gaming Commission has deemed the gaming terminals illegal to slow the rapid-fire spread of untaxed and unregulated slot machines in Missouri.

The lead attorney for the Missouri Gaming Commission ruled that the terminals contain functions that make them “gambling devices,” which are prohibited outside of licensed casinos.

The ruling came in response to a question by the St. James Veterans of Foreign Wars Post 5608, which asked if having one of the terminals in their facility would jeopardise the organisation’s state-issued bingo license.

After testing the machine, the gaming commission said it would.

Although the gaming commission’s findings only apply to establishments that have bingo licenses, the decision comes as state and county officials are investigating what to do about the machines.

The terminals work like slot machines. A player inserts money, selects a game and decides how much to wager. Players who win money can cash out and get paid by the store cashier.

May Scheve Reardon, executive director of the Missouri Lottery told that she fears the terminals could divert money from the lottery’s games, which generate money for public schools.

Senate President Dave Schatz, R-Sullivan, also has pushed for legislation that would prohibit the machines and strip businesses of their liquor licenses if the terminals are present.

Dave Grothaus, executive director of the Gaming Commission said there have been discussions about whether state officials, like the commission, could use their licensing powers to strip businesses of their ability to sell lottery tickets or alcohol if they have the slot machines on their premises.

“Certainly that would be an administrative tool that the state could use to address the problem,” Grothaus said.

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Canada

Canada Amends the Criminal Code Offence of Money Laundering

Niji Narayan

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Canada Amends the Criminal Code Offence of Money Laundering
Photo Source: theguardian.pe.ca
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The Government of Canada has amended the Criminal Code offence of money laundering. The regulation changes criminalise moving money on behalf of someone despite money laundering suspicions.

“This change modernises Canada’s money laundering criminal offences to be consistent with key allies (e.g. U.K. and Australia) and provides an additional tool to disrupt and more effectively investigate and prosecute money laundering, particularly when dealing with sophisticated actors such as professional launderers,” Finance Department spokesman Greg Sommerville said.

Canada also considers other recommendations produced in the past 18 months. 120 recommendations were filed, but only 19 have been approved so far.

“Canada has fallen so far behind for so many years, we’re playing catch-up,” James Cohen, executive director of Transparency International Canada said.

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Compliance Updates

Spain Approves the Creation of Commission to Combat Sports Manipulation

Niji Narayan

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Spain Approves the Creation of Commission to Combat Sports Manipulation
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The Ministry of the Presidency in Spain has approved the creation of a national commission to combat match-fixing and betting-related fraud.

According to the Ministry, the commission will “develop action plans [and] recommendations or diagnoses to detect, prevent and combat illegal actions in the field of sports competitions and fraud in betting.”

Members of the commission will include representatives of Spain’s gambling regulator (DGOJ), the National Police, the Civil Guard, the Higher Sports Council and persons related to sports competitions and the betting sector. The Commission will be chaired on a rotating basis by the head of the DGOJ and the Directorate General of Sports.

The commission’s first task will be to develop a new early warning system developed by the DGOJ, which is intended to act as a point of communication to prevent match-fixing and fraud.

“Corruption linked to the manipulation of sports competitions and betting-related fraud are two of the greatest threats to sport and horse racing, as it undermines each sport’s core values ​​and ruins the experience for fans and spectators. For this reason… the Government has considered it necessary to establish at the national level a formalised channel of dialogue and cooperation between public authorities, sports organizations, organizers of competitions sports and representatives of the gaming sector,” the Ministry said.

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