Videoslots statement – European Gaming Industry News
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Compliance Updates

Videoslots statement

George Miller

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Videoslots statement
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A spokesperson for Videoslots stated: “We confirm that Videoslots has entered a regulatory settlement with the UK Gambling Commission to conclude a review of our operating licence. Their investigations were part of a thematic review by the regulator into AML and responsible gambling compliance in the remote gambling industry.

“We are pleased that the UK Gambling Commission recognises that we were open and transparent from the outset of their investigation and fully cooperative throughout. We accept there were weaknesses in our systems relating to how we managed our customers for anti-money laundering and social responsibility purposes and have taken proactive and timely action to address all the issues identified.

“We have agreed to make a payment in lieu of a financial penalty which will go to a National Responsible Gambling Strategy project or projects to pay for research and treatment as determined appropriate to address the risk of harmful gambling and we have already started putting the lessons learned into practice.”

 

 

About Videoslots.com:

Founded in 2011, Videoslots.com is an award-winning online casino with the widest variety of games in the industry. With an unparalleled range of almost 2,000 slots and table games from trusted providers, Videoslots.com offers a premium gaming platform to customers, enhanced by innovative new promotional concepts including Casino Races and Battle of Slots. It aims to create a unique entertainment product via technical excellence, exceptional customer service and the latest game play innovation. Videoslots.com also provides market-leading customer protection with its industry-first Max Bet Protection, allowing players to select their maximum bet limit per spin, and robust compliance procedures. It was the winner of Best Casino at the 2015 and 2016 Casinomeister Awards, Best Gaming Experience and Best Casino Manager at the 2016 Casinomeister Awards, and Best Slots Operator at the 2017 International Gaming Awards. Videoslots.com is owned by Malta-based parent company Videoslots Limited, and holds licences in Malta, the UK and Curacao.

 

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Compliance Updates

Soft2Bet nets PCI DSS data accreditation

George Miller

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Soft2Bet nets PCI DSS data accreditation
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Casino and sportsbook platform provider Soft2Bet has been certified by The Payment Card Industry Data Security Standard (PCI DSS).

The company was accredited with the certification after passing a rigorous audit, recognising its capability to securely protect the transfer of credit and debit card data between customers and payment service providers.

The news showcases Soft2Bet’s strong compliance credentials, which are also demonstrated by the SGA, MGA and Curacao licences held by the market-leading casino and sportsbook platform provider.

The company’s latest certification indicates its unwavering commitment to protecting the data of players using the 30+ operator brands in its portfolio, which is set to be enhanced with a new flagship sportsbook in early 2021 and currently includes the SBC-award winning Wazamba.

Ivan Piorischin, Product owner at Soft2Bet, said: “We take data protection very seriously here at Soft2Bet, and it’s fantastic to have that commitment recognised with a coveted accreditation from the The Payment Card Industry Data Security Standard.

“As we look forward to entering new territories and launching further cutting-edge products in the year to come, regulatory compliance will continue to top our priority list.”

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Latvia Parliament Approves Bill to Ban Alimony Debtors from Gambling

Niji Narayan

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Latvia Parliament Approves Bill to Ban Alimony Debtors from Gambling
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The Latvian Parliament (Saeima) has approved at the first reading a bill to ban alimony debtors from gambling, and scheduled a second reading for January 20.

The bill would require operators to ensure that those who owe maintenance payments are not permitted to gamble either in person or online. In order to do so, they must check accounts against the national register of maintenance debtors, with the help of the Lotteries and Gambling Inspectorate, which will create an official data display for licensees.

“The restriction is intended to prevent debtors who do not provide maintenance they owe for a child from using funds unreasonably for entertainment and hobbies,” the Saeima said.

The bill was submitted by the government and has already received approval from the Commission for Human Rights and Public Affairs with no objections. If it passes in the second and third reading and is signed into law, the restriction will come into effect on April 1.

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Compliance Updates

Highlight Games Announces Romanian License

George Miller

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Highlight Games Announces Romanian License
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London-based video virtual sports specialist Highlight Games Limited today announces that it is now licensed to distribute its products in Romania.

Following receipt of its Class II license from the Romanian Gambling Authority, Highlight Games’ exclusive suite of products – including SOCCERBET in English, Italian and Turkish variants and NBA Last 60 – are now available to licensed Romanian operators and will be live with customers in Q1.

‘I’m delighted to confirm that our products are now available to our partners in Romania,’ said Steven Holmes, Co-CEO, Highlight Games.  ‘Europe is a hugely important market for our business, and it’s fantastic to now include Romania in the list of countries in which our games are now available.  Highlight Games’ total online turnover in Italy has increased by 455% since the start of the first national lockdown in 2020, demonstrating the continuing growth in popularity of our video virtuals across all channels.  We look forward to recreating the successes we have seen in Italy within the Romanian virtual sports market,’ he added.

 

About Highlight Games Limited:

Highlight Games is a London-based video virtual sports and games supplier which specialises in the creation of innovative, sports-focused betting experiences. Using a unique patent-protected live video game format, Highlight’s products feature top teams and players from the world’s favourite sports.  The company’s flagship SOCCERBET game is the #1 selling product in Europe’s largest virtual sports market and its branded portfolio of products, which include NBA Last 90 and NBA Last 60, will launch in gaming and lottery markets in the US and around the world in 2020. Featuring highly optimized game design based on decades of archived live action sports footage, Highlight’s products can be tailored to suit the sportsbook or virtual sports offering of operators across retail, online and mobile.

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