Belarus makes online gambling legal – European Gaming Industry News
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Belarus makes online gambling legal

Niji Narayan

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Photo credits: Al Jazeera
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Alexander Lukashenko, the president of Belarus, has signed the order that legalises online gambling in the country. The new decree sets in motion a new system of licensing and taxation of online activities in the country.

The Decree №305 also defines the requirements and conditions to conduct online gambling in the country. Those companies interested in offering online gambling services will be required to obtain a licence and to hold a security deposit to a special account dedicated for the payment of winnings and the payments in the event of financial insolvency.

Casino owners will also have to provide tax authorities with remote access to virtual gambling establishments and connect it to a special system that provides control over the turnover of their businesses under the new regulatory scheme.

Moreover, Lukashenko also increased the age limit to visit gambling establishments from 18 to 21 years. According to the highest authority of the country, the measure is set to minimise the harmful effects of gambling on young people.

During CEEGC Budapest, which will take place on the 25th of September in Budapest, the organizer are hosting a market update briefing with a leading expert of the industry in Belarus. Visit www.ceegc.eu for more details

Source: focusgn.com

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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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