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Compliance Updates

Cayman Islands amends gambling law

Niji Narayan

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Cayman Islands amends gambling law
Photo Source: visitcaymanislands.com
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The government of Cayman Islands has amended the gambling regulations. In the newly proposed the Gambling Amendment Bill 2018, which will be discussed in the next Meeting of the Legislative Assembly, the government plans to increase the penalties for engaging in acts of illegal gambling.

The purpose of the bill, according to the government website, is to slap higher penalties and stiffer punishment for those perpetrating illegal gambling than for individual participants.

“While illegal gambling has been a chronic problem in the Cayman Islands, the penalties have not undergone a revision since the first enactment of the Gambling Law in 1964. As such, in today’s climate, they do not properly reflect the gravity of this type of illegal activity,” said the government.

The new bill clearly defines that fines for use and ownership of premises for gambling, publication of lottery numbers and the use of money from gambling activities would increase from €350 to more than €8k, while maximum prison sentence would increase from one to three years.

Compliance Updates

STS Secures UK License

Niji Narayan

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STS Secures UK License
Photo Source: klook.com
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STS has become the first Polish bookmaker to secure a license in the regulated UK gambling market.

“We are not only the largest Polish bookmaking company but the first domestic company in this industry that operates outside the domestic market. Obtaining a licence in the United Kingdom is the result of a consistently implemented international expansion strategy. We are always looking at other prospective foreign markets,” Mateusz Juroszek, CEO of STS said.

STS is the first Polish bookmaker to start foreign operations, and further international expansion is planned. STS is currently conducting advanced activities aimed at obtaining its own licences in other markets.

STS expanded its business to European markets in February 2019. After years of intensive development, the company now controls almost half of the domestic sector. The bookmaker’s offer is available in the UK, Germany, Iceland, Luxembourg, Slovenia, Andorra, San Marino, Gibraltar, Slovakia, Malta and Latvia.

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Compliance Updates

Malta Gaming Authority Publishes Directive on Rules Applicable to Amusement Machines and Low Risk Games

Niji Narayan

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Malta Gaming Authority Publishes Directive on Rules Applicable to Amusement Machines and Low Risk Games
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In exercise of the power conferred by article 7(2) of the Gaming Act, 2018 (Cap. 583 of the Laws of Malta) and regulation 4 of the Gaming Premises Regulations (S.L. 583.07), the Malta Gaming Authority has issued a Directive on the rules applicable to Amusement Machines and Low Risk Games (Directive 7 of 2019).

The aforementioned directive is applicable to premises in which the only games offered consist of amusement machines and, or low risk games and provides further clarity in relation to the requirements which are applicable to such games.

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Compliance Updates

Malta Gaming Authority Publishes Enhanced Automated Reporting Platform Directive

Niji Narayan

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Malta Gaming Authority Publishes Enhanced Automated Reporting Platform Directive
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The Malta Gaming Authority has published Enhanced Automated Reporting Platform (Land-Based) Directive (Directive 6 of 2019) which establishes the requirements around the application of the Authority’s automated reporting system applicable to casinos and controlled gaming premises, as well as providers of critical gaming supplies to the same.

Qualifying entities under Directive 6 of 2019 are required to take all the necessary action to ensure that they have systems in place capable of generating reports in the format and frequency required by the same by the 30 November 2020.

The Enhanced Automated Reporting Platform is a tool which will allow the MGA to receive standardised data on a daily basis from land-based casinos and controlled gaming premises.

The Directive has cleared the European Commission’s TRIS process envisaged under Directive 2015/1535. The data set used in Directive 6 of 2019 is based on the Technical Reporting Standard currently being developed by CEN Technical Committee 456 for the European Commission, and in which Malta is actively participating.

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