Connect with us
SIS

Compliance Updates

What you need to known about the new UKGC rules

Niji Narayan

Published

on

What you need to known about the new UKGC rules
Reading Time: < 1 minute

 

UK’s Gambling Commission (UKGC) has proposed a set of new rules which will come into effect from 31 October 2018. The new rules are expected to ensure better protection and fairer treatment for consumers from the part of gambling businesses.

The following are the five major points in the new rules that you must know.

1) “Operators will be required to abide by UK advertising codes which are written by the committees of advertising practice and enforced by the Advertising Standards Authority.”

2) “Operators will be held fully accountable for the actions and behaviours of third parties, including affiliates.”

3) “Operators will be required to comply with consumer law, particularly in relation to online promotions and the withdrawal of customer funds.”

4) “Operators will be required to introduce better complaint handling processes and we’re introducing a new eight-week limit for the resolution of customer complaints.”

5) “Operators will be required to ensure that they don’t spam UK consumers by electronic means.”

 

For more info watch the video below:

Advertisement
Kasynos.Online

Asia

ASCI Publishes Guidelines on Advertising Real Money Games

Niji Narayan

Published

on

ASCI Publishes Guidelines on Advertising Real Money Games
Reading Time: < 1 minute

 

The Advertising Standards Council of India (ASCI) has published its first set of guidelines on advertising real-money gaming.

ASCI advised its members to exercise caution when promoting real money games, an advertising segment deemed to be high-risk by the watchdog.

ASIC guidelines state that members must ensure that real-money advertisers cannot promote games or services “depicting any person under the age of 18 years” – a requirement enforced across all mediums.

All real money gaming adverts must carry a “Please Play Responsibly” disclaimer, warning consumers of the associated financial risks and potential addictions – with warnings implemented across audio and video platforms.

Also, Indian broadcasters and media owners must ensure that participation in real money games is not depicted as an “income opportunity or employment option.”

Continue Reading

Compliance Updates

Invitation BOS webinar on bonus regulation

George Miller

Published

on

Invitation BOS webinar on bonus regulation
Reading Time: 2 minutes

 

Learn all about the Swedish bonus regulations! The do’s and don’ts of what gambling companies can offer their customers under the regulations. Welcome to a BOS webinar in cooperation with law firm Westerberg & Partners Advokatbyrå on the theme: Bonuses on the gambling market – what is the legal position in Sweden?

Thursday December 3, 11 am-12 pm CET

The Administrative Court in Sweden rendered verdicts in four cases earlier this year on the rules in the Gambling Act of what constitutes a bonus and the dividing line between lawful welcome bonuses and unlawful bonuses. At least three additional cases will be examined by the Court in the near future. Two of the cases have been appealed to the Administrative Court of Appeal. An additional case has been examined by the Patent and Market Court regarding the legal restrictions on the marketing of bonuses. The case partly confirms and partly contradicts what the same court stated in the first judgment on the issue last year.

We bring clarity to the courts’ reasoning and verdicts with support from Westerberg & Partners Advokatbyrå and its lawyers Stefan Widmark, Bodil Ehlers, Petter Larsson and Josefine Lindén. They will guide us towards an increased understanding of the regulations on bonuses, conditions for bonuses such as requirements on use, time limits, including the admissibility on, inter alia, the following offers:

  • VIP-schemes
  • Loyalty programs
  • Recurring deposit bonuses
  • Offers of recurring bonuses when depositing funds
  • Offers of recurring cashbacks
  • Weekly free games
  • Recurring free spins

In addition – as a bonus – we offer concluding reflections from the CEO of Åland based gambling company Paf Christer Fahlstedt. Paf operates in many jurisdictions. How well does the Swedish bonus regulation work compared to other jurisdictions? Has Sweden found the perfect balance between costumer protection and profitability?

The webinar will be held in English. RSVP no later than December 2 to [email protected]

The webinar is not exclusive for BOS members but open to all interested. A link to the webinar will be distributed on December 2.

Continue Reading

Compliance Updates

Italian Court Rules in Favour of Operators in License Extension Dispute

Niji Narayan

Published

on

Italian Court Rules in Favour of Operators in License Extension Dispute
Reading Time: < 1 minute

 

Recently, several operators have headed to the Italian court to launch appeals concerning extensions for their expiring licenses. Now, the Lazio TAR Administrative Court has returned its verdict in favour of operators.

This rules against the ADM Customs and Monopolies Agency, Italy’s gambling regulator and the ones who initially declined to grant extensions to the licenses.

Betway, Nexigames, Snaitech and Sportpesa filed separate appeals against the end of their licenses. These licenses were due to expire at the end of October.

The court ruled that the ADM should give a one-year extension to each operator which would become effective immediately. They also ruled that the government would not be able to deny license extension requests regardless of the potential upcoming reforms.

With a new Budget Law being signed at the end of December, the TAR also advised that the government should include some clear conditions for online gambling concessions.

Continue Reading
Advertisement
NSoft
Advertisement
EvoPlay Entertainment

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.