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Compliance Updates

Red Tiger Gaming Acquires MGA And AGCC Licences

George Miller

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Red Tiger Gaming Acquires MGA And AGCC Licences
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Casino Software provider further expands its regulatory footprint with licences in Malta and Alderney

 

Leading casino software supplier Red Tiger Gaming has acquired a critical gaming supply licence by the Malta Gaming Authority and a Category 2 Associate supply licence by the Alderney Gambling Control Committee to further expand its footprint in regulated markets.

The new licences allow the supplier to continue offering their comprehensive portfolio of games to operators in two of gaming’s most significant jurisdictions. The licences come off the back of the company achieving ISO 27001 accreditation and certifying its games in Italy, Spain and Denmark as it positions itself for a major push into regulated markets in 2019.

Gavin Hamilton, CEO at Red Tiger Gaming, said the new licence approvals were in line with the company’s strategy to continue entering regulated markets and expand their footprint in existing ones.

He added: “These licences mark a milestone in our journey as a supplier and are particularly significant in Malta, where we have established a significant presence and will continue to expand our headcount there over the next twelve months.

“We’re are very pleased to have been approved for the new licences, which recognises not only the excellence of our products and their complementary tools, but also our commitment to social responsibility and transparency.”

 

About Red Tiger Gaming:

Red Tiger Gaming is a young and dynamic casino games developer offering top-performing HTML5 slots and table games, a bespoke progressive jackpot system and Smart Spins, an innovative bonus management application. Founded in late 2014 by a group of industry veterans from major B2B and B2C gaming brands, the company is growing fast and is now served by over 200 full time staff including mathematicians, graphic designers, software developers, audio engineers, gambling experts, QAs, account managers and secret magicians; all entirely dedicated to continuously improving the slots player experience. Learn more at: www.redtigergaming.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

Ukrainian Parliament Registers Draft Law on Regulation of Gambling Industry

Niji Narayan

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Ukrainian Parliament Registers Draft Law on Regulation of Gambling Industry
Photo Source: unian.info
Reading Time: 1 minute

 

Verkhovna Rada, the Parliament of Ukraine, has registered a draft Law “On State Regulation of Activities in the Organization and Conduct of Gambling.” The Government’s bill aims to comprehensively streamline the organisation and conduct of gambling.

Adoption of the bill will allow to regulate the problem of illegal gambling business distribution and prevent gaming addiction. The legalisation of gambling business will also increase revenues of the budget up to UAH 5 billion, but the final figures of the expected budget earnings will depend on the version the MPs adopt the law.

Since 2009, the Law of Ukraine “On Prohibition of Gambling in Ukraine” has been in force. But the results of this ban have led to gambling being a shadow business and their organisers receiving a surplus; the State budget has not been filled through taxes and fees from such gambling industry.

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Compliance Updates

MGA Tightens Definition of Start-ups

Niji Narayan

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MGA Tightens Definition of Start-ups
Reading Time: 1 minute

 

The Malta Gaming Authority (MGA) has announced changes to the regulations on gaming license fees to narrow the definition of start-ups, potentially ramping up costs for smaller gaming businesses.

Previously, a start-up owner had to generate less than €10m in revenue from gaming or related sectors during the previous financial year, but now, such an owner must generate less than this amount over the previous 36 months.

The rule applies both to individuals who have generated more than €10m and to those who are “part of, or controlled by, a corporate group” who have generated the same.

Under the current license fee regulations, start-ups are exempt from paying the compliance contribution, which may be between €15,000 and €600,000, depending on revenue and the type of gaming services offered.

“This amendment is aimed at ensuring that undertakings classified as start-ups are truly such, whilst simultaneously not prejudicing corporate groups that were in the business many years back and wish to benefit from such an incentive by starting up again,” MGA explained.

The changes will come into effect from January 1, 2020.

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Compliance Updates

Videoslots expands into Italy

George Miller

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Videoslots expands into Italy
Reading Time: 1 minute

 

Operator given licence to enter regulated market

Leading online casino Videoslots.com has been awarded a licence by Italy’s gambling regulator AAMS – allowing the operator to enter the regulated market and further enhance its footprint across Europe.

Players in Italy will soon be able to enjoy the industry’s biggest and best online casino, which offers more than 3,600 slots and table games from some of the world’s most respected and innovative suppliers.

It means the operator will soon be able to offer its services in the market and comes just weeks after Videoslots was granted a Danish licence, joining a list of licenses that includes the United Kingdom, Sweden and Malta.

Alexander Stevendahl, CEO at Videoslots.com, said: “We’re always challenging ourselves to become bigger and better and this Italian licence will open even more doors for us.

“We have already been given the green light to work in a range of important markets within Europe and we can’t wait to start working in Italy, a really exciting regulated market with a lot of potential.”

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