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Compliance Updates

Alexia Smilovic To Lead Relax Gaming’s Compliance And Regulated Markets Unit

George Miller

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Alexia Smilovic To Lead Relax Gaming’s Compliance And Regulated Markets Unit
Reading Time: 2 minutes

Relax welcomes an experienced industry professional to the team

 

Malta, 18th June 2018 – Innovative supplier Relax Gaming has appointed Alexia Smilovic as its new Director of Compliance and Regulated Markets.

Smilovic joins Relax with a wealth of industry experience, having worked in the land-based industry for more than seven years, and leading online companies in their respective fields, Gaming Laboratories International and NetEnt, in the past eight years.

After serving in a senior role as iGaming Operations Manager for GLI between 2010 and 2014, she moved to NetEnt, holding the position of Head of Regulated Markets.

Daniel Eskola, Relax Gaming CEO, said: “Bringing Alexia on board is an excellent boost for us, as her industry experience assures us we have the right person to lead our compliance team.

We are pleased to welcome her to Relax, as we continue to build an experienced management team that can bring a fresh and dynamic approach.

Smilovic’s appointment comes shortly after Eskola was announced as CEO and Simon Hammon and Andrew Crosby joined as Chief Product Officer and Head of Account Management respectively.

Smilovic said: “I am delighted to have been given this opportunity by Relax Gaming, and I very much look forward to settling into my new role.

I am pleased to be involved in the company journey and participate in the future strategy at this very exciting time for Relax Gaming. I’m familiar with a number of team members already, which makes me feel very well welcomed in the Relax Gaming family.

 

About Relax Gaming:

Founded in 2010, Relax Gaming is an award-winning multi-vertical gaming provider with offices in Malta and Estonia. Its omni-channel open gaming platform, Silver Bullet, can distribute thousands of leading industry games, including its own proprietary titles to all operators. Relax also operates its own poker client, in partnership with Unibet, with whom it also runs a bingo network, both featuring straightforward gameplay and vibrant graphics, primed for mobile use. Relax Gaming is currently licensed by the UK Gambling Commission, Malta Gaming Authority , The Alderney Gambling Control Commission and the Romanian regulator.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Compliance Updates

Gambling Research Centre Recommends to Update German Gambling Laws

Niji Narayan

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Gambling Research Centre Recommends to Update German Gambling Laws
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Forschungsstelle Glücksspiel, the Gambling Research Centre at the University of Hohenheim in Germany, has recommended to impose taxes on unlicensed operators in the country and to legalise online casino games.

“There is agreement that the enforcement against illegal providers on the Internet needs to be strengthened,” the Centre said.

“Currently, the offer of online casino games on the Internet is largely illegal, but still takes place. It can be assumed that some states will continue to allow online casino games or will do so in the future. Also, for player protection reasons, a regulated market is preferable to a non-regulated market,” the Centre added.

In Germany, the land-based casinos generated gross gaming revenue of €60 m in 2017 and paid €319m in casino and sales taxes. It is estimated that the illegal gambling market generated about €1.76bn for the same period.

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Compliance Updates

MGA Cancels Gaming Service Licence of Betixx

Niji Narayan

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MGA Cancels Gaming Service Licence of Betixx
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The Malta Gaming Authority (MGA) has cancelled the gaming service licence of Betixx Limited, after ruling that the operator breached a number of regulations.

According to the MGA, Betixx breached paragraphs B and E of the Third Schedule to the Gaming Act. Paragraph B refers to the failure to submit specific documents to the regulator. Paragraph E is in reference to the failure to pay, in a timely manner, licence fees, gaming tax and compliance contributions to the MGA.

The MGA has now ordered Betixx to cease gaming operations, while it will not be permitted to register new players or accept new customer deposits. Betixx must also provide all registered players with access to their accounts and refund any remaining balances to customers.

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Latvian Parliament Approves Amendments to Gambling Laws

Niji Narayan

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Latvian Parliament Approves Amendments to Gambling Laws
Photo Source: saeima.lv
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Saeima, the parliament from Latvia, has approved the amendments in the final reading of the Law on Lotteries and Gambling Fee and Tax. The tax revenue from gambling that the state perceives has increased from 75% to 95%.

The amendments were designed to increase tax revenue for the state and help cover budget gaps. Before the amendments, the state budget received 75% from gambling tax revenue, while 25% went to municipalities’ budget. During the first reading, parliament members suggested to increase the state’s percentage to 90%, but the coalition agreed on 95%.

Other amendments, which will come into force with the gambling law in 2020, establish that gambling tax rate for roulette, cards and dice games will rise from €23.4k to €28k a year. Tax for gambling machines will increase from €4.1k to €5.1k.

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