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Compliance Updates

GiG re-launches Thrills as a PAY N PLAY(R) operator to enhance UX and compliance

George Miller

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GiG re-launches Thrills as a PAY N PLAY(R) operator to enhance UX and compliance
Reading Time: 2 minutes

 

Gaming Innovation Group Inc. (GiG) has re-launched Thrills today as a lightning-fast, instant registration operator by introducing Trustly’s Pay N Play product as its only payment method. The technology is live in Sweden, Finland and Germany and will allow GiG to boost acquisition, build loyalty and stay compliant.

As well as going live on Thrills, the technology is also offered to operators on the GiG Core platform, with external brands Omnia and the newly launched Dreamz going live last month alongside another of GiG’s internal operators, Kaboo. GiG is planning to make it available to other operators soon. GiG plans to offer this to other external and internal operators in the near future.

Pay N Play enables instant player registration without the significant churn that the iGaming sector has historically experienced as a symptom of the more drawn out registration processes. New players deposit funds instantly and with no account registration necessary. The need for time consuming account verification as part of the registration process will become a thing of the past.

Both deposits and withdrawals will become instant transactions with Pay N Play, giving players more control and simplifying their experience. At the same time, operators can retain the strongest registration and security protocols through KYC requirements, which are fulfilled with data supplied directly via BankID.

CEO of GiG, Robin Reed comments:

“Trustly’s Pay N Play will ease the registration experience for Thrills’ players and enable higher conversion and retention while reducing churn. With instant deposits and withdrawals, this new system supports our promise “to provide fair and fun gaming for all”.

 

For further information please contact:

Anna-Lena Åström

Head of IR & Corporate Communications

anna.lena@gig.com

+356 796 998 48

 

About Gaming Innovation Group (GiG):

Gaming Innovation Group Inc. is a technology company providing products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group’s vision is ‘To open up iGaming and make it fair and fun for all’. Through our ecosystem of products and services, we are connecting operators, suppliers and users, to create the best iGaming experiences in the world. Gaming Innovation Group operates out of state of the art offices in St George’s Bay, Malta and is listed on the Oslo Stock Exchange under the ticker symbol GIG. For more information about GiG and our services, please visit: https://www.gig.com

 

About Trustly

Founded in 2008, Trustly Group AB is a Swedish FinTech company that makes online banking e-payments fast, simple and secure. The company offers cross-border payments to and from consumer bank accounts at over 3,000 banks in 29 European markets and connects businesses and consumers within e-commerce, travel, gaming and financial services. In 2018, the Financial Times ranked Trustly as one of the fastest growing companies in Europe on the FT1000 list and in 2017 the London Stock Exchange recognized Trustly as one of Europe’s most inspiring, fast-growing companies.

Trustly has 230 employees and is headquartered in Stockholm, Sweden, with regional offices in Spain, Malta, Germany and the UK. Trustly is a licensed Payment Institution under the supervision of the Swedish Financial Supervisory Authority. Read more at www.trustly.com

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

Spain Moves Forward on Gambling Ads Ban

Niji Narayan

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Photo source: casinobeats.com
Reading Time: 1 minute

The PSOE minority government in Spain is going to accept all the recommendations of Ombudsman Francisco Fernández Marugán to ban gambling advertising.

The Ministry of Finance has accepted the Ombudsman’s recommendations. That way, departments would have to enforce new restrictions on the gaming industry. The authorities will soon draft a Royal Decree to establish restrictions on gambling advertising in Spain.

The Ombudsman filed his recommendation with the ministries of Treasury and the Health, Consumer and Welfare. Within the filing, he asked for a complete ban on gambling advertising in Spain.

“kids’ viewing time needs to be clean of gambling ads and no celebrities should be shown advertising gambling,” he said.

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Compliance Updates

Nintendo, Sony and Microsoft to Disclose Loot Boxes Odds

Niji Narayan

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The Entertainment Software Association (ESA) has revealed that the console makers are working on policies that will require disclosure on loot boxes odds. Nintendo, Sony and Microsoft are working on policies that would require a loot boxes disclosure on their systems.

“These required disclosures will also apply to game updates if the update adds new loot box features. The precise timing of this disclosure requirement is still being worked out, but the console makers are targeting 2020 for the implementation of the policy,” Michael Warnecke, ESA chief counsel of tech policy said.

The list of member companies that committed to implementing the changes include: Activision Blizzard, Bandai Namco Entertainment, Bethesda, Bungie, Electronic Arts, Microsoft, Nintendo, Sony Interactive Entertainment, Take-Two Interactive, Ubisoft, Warner Bros. Interactive Entertainment and Wizards of the Coast.

“I’m happy to announce this morning that Microsoft, Nintendo, and Sony indicated to ESA a commitment to new platform policies with respect to the use of paid loot boxes in games developed for their platform. Specifically, this would apply to new games and game updates that add loot box features. And it would require the disclosure of the relative rarity or probabilities of obtaining randomised virtual items in games that are available on their platforms,” Warnecke said.

“The major console makers are committing to new platform policies that will require paid loot boxes in games developed for their platforms to disclose information on the relative rarity or probability of obtaining randomised virtual items,” Warnecke added.

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Compliance Updates

Green Jade Games Secures Malta Licence

Niji Narayan

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Green Jade Games Secures Malta Licence
Reading Time: 1 minute

 

Green Jade Games has secured a supplier licence from the Malta Gaming Authority (MGA). The licence will allow Green Jade Games to offer its online casino games to the operators in regulated markets across Europe and further afield. The MGA licence comes just a few weeks after Green Jade Games secured a supplier licence from UK Gambling Commission.

Green Jade’s games combine gambling and skills to create games that allow players to determine the course of the narrative and the outcome of the game. The deeply entertaining games of Green Jade allow players to improve their skills at deploying game features while also having the opportunity to win potentially large cash prizes from relatively small stakes.

“Obtaining our licence from the Malta Gaming Authority is the next step in our plans to provide our games to all of the major online casino operators in regulated and regulating markets around the world. Our games are truly unique and genuinely innovative and now that we hold an MGA permit we can offer them to more operators, and players, than ever before. It also proves that we are meeting the highest possible standards when it comes to responsible gambling and protecting players,” Benedict McDonagh, CEO of Green Jade Games said.

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