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LeoVegas AB: Sweden’s parliament has decided on new gaming legislation in Sweden

George Miller

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LeoVegas AB: Sweden's parliament has decided on new gaming legislation in Sweden
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Yesterday, the Swedish parliament decided on the new gaming legislation in Sweden. The new legislation will enter into force on January 1, 2019 and is in line with the previous proposal.

In the new law, the game tax is set at 18% calculated on gross gaming revenue. It also introduces a central register for responsible gaming that allows customers to restrict themselves from all licensed gaming operators in the Swedish market.

“It is a long-awaited decision that will create a more sustainable gaming market in Sweden. In particular, I think that the central register is important as it will have a positive effect in responsible gaming, which is an area we continue to invest in. Our assessment is that the tax and the license requirements increase barriers to entry for new players, which benefits us with a world-class customer experience, efficient organization and strong brands. “comments Gustaf Hagman, CEO of LeoVegas Mobile Gaming Group. “

 

About the LeoVegas mobile gaming group:

LeoVegas’ passion is “Leading the way into the mobile future”. LeoVegas is Sweden’s premier GameTech company and is at the forefront of using state-of-the-art technology for mobile gaming. In 2017 the company passed the threshold for being classified as a unicorn, i.e., a start-up valued at more than USD 1 billion. A large part of this success can be credited to an extreme product and technology focus coupled with effective and data-driven marketing. Technology development is conducted in Sweden, while operations are based in Malta. LeoVegas offers casino, live casino and sports betting, and operates two global and scalable brands – LeoVegas and Royal Panda – as well as a local, multibrand operator collectively referred to as Rocket X. The company’s shares are listed on Nasdaq Stockholm.

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Compliance Updates

Stats Perform Receives IBIA Data Standards Accreditation

Niji Narayan

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Stats Perform Receives IBIA Data Standards Accreditation
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Stats Perform has become the first betting data provider to be awarded the International Betting Integrity Association’s (IBIA) independently audited Data Standards Accreditation for the collection and distribution of sports event data for betting.

The award represents the highest mark of betting data quality and integrity available and is assessed by expert independent auditors, eCOGRA.

“I am delighted to announce that Stats Perform is the first company to meet the data standards protocols IBIA published in October 2020. In passing the independent auditing process, Stats Perform has demonstrated secure and robust internal procedures for the collation of sporting event data for betting and may now utilise the Data Standards Kitemark,” Khalid Ali, CEO of IBIA, said.

“Stats Perform met every requirement set out in the data standards protocols. The company was well-prepared for the auditing process, and the evidence that was reviewed was representative of a company culture that is in line with the core principles of IBIA’s data integrity standards and committed to continually improving upon them,” Shaun McCallaghan, CEO of eCOGRA, said.

“This accreditation is thanks to tireless quality and integrity efforts from our sports data operations teams over the past 15 years and, whilst we’re grateful for the recognition, we know our efforts don’t stop here. We continuously search for new threats and assess opportunities to improve our sports data processes, people and technology,” Andrew Ashenden, Chief Betting Officer at Stats Perform, said.

“Stats Perform’s RunningBall and Opta sports data is chosen by the world’s leading rights holders, sportsbooks and pricing providers to power exceptional in-play betting experiences for millions of global sports bettors,” Andrew Ashenden added.

“Our priority at Stats Perform is the integrity of the betting markets and of the competitions upon which they rely. Effective risk management of our data supply chain involves ongoing investment, collaboration and commitment across numerous expert teams who live and breathe the quality of our product. We are very proud to be recognised by the IBIA for our dedication to quality and integrity,” Jake Marsh, Global Head of Integrity at Stats Perform, said.

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Compliance Updates

Booming Games receives UK license

George Miller

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Booming Games receives UK license
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Malta-based and MGA licensed slot supplier Booming Games kicks off 2021 with the approval from the UK Gambling Commission (UKGC) to supply their games to players in the UK. The company has met the high standards of the regulator and received the supplier license in January 2021.

Frederik Niehusen, CCO at Booming Games commented: “We are extremely proud to kick off 2021 with the approval of our UK license. After receiving the MGA license more than two years ago we have made the next big step in our regulatory road map. The UKGC sets one of the highest regulatory standards in our industry and we have met these standards within a short time period thanks to a strong team performance.”

The majority of Booming Games’ slot portfolio will soon be available to UK players via existing and future partners. This includes top game titles like Burning Classics, Howling Wolves, Gold Vein and Lucky Scarabs.

“We are looking forward to expanding the market reach of our games to the UK with our existing as well as future partners. The UK remains a key market for many operators.”, Frederik Niehusen added.

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Compliance Updates

Synot Games Secures UKGC Licence

Niji Narayan

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Synot Games Secures UKGC Licence
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SYNOT Games has received a supplier license from the UK Gambling Commission (UKGC).

SYNOT Games’ popular titles such as Books of Secrets, Respin Joker, Fruit Awards and newest releases – 243 Mexicana, Monkey Slots, Joker 50 Deluxe – will be available for licensed operators in the UK market.

“This is a huge step for us as a company. The UKGC is known to have strict regulations to comply with, so having the licence granted to us represents a significant step which we took one day before Christmas. We are now able to integrate our slot offer with online casino operators in the UK and make them available to their players for the very first time,” Ivan Kodaj, CEO of SYNOT Games, said.

“Our sales team will now be focusing on branching out to UK-based customers. Gaining as much exposure as possible to reach as many players as possible across the country will be their main goal for now. We are excited to launch our exceptional slot games across the UK,” Martina Hrabinská, CCO of SYNOT Games, said.

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