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Compliance Updates

Truegame strengthens its positions by acquiring Curaçao Gaming License

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Truegame strengthens its positions by acquiring Curaçao Gaming License
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Truegame -a fully implemented blockchain-based iGaming platform announced obtaining of Gaming License of Curaçao.

 

A smart contract based iGaming platform Truegame has proudly announced acquiring of its first license – a Gaming License under the jurisdiction of Curaçao. The team considers this step to be one of the most significant milestones in the project development.

In order to comply with the requirements of the Regulator, Truegame’s team had to perform a lot of work and to undergo a serious project review. This included deep dive into project’s details, audit of platform’s random number generator and of company structure, due diligence, servers and infrastructure check, etc.

Truegame’s CEO Dmitry Danilov said:

License obtaining is very important turning point in the development of a strong iGaming project like Truegame. Curaçao gaming licence enables such opportunities as extensive legal interaction with players and partners in accordance with international legal standards, access to banking services and payment systems as well as access to all promotional tools, etc”.

He added:

Our team is extremely happy with this significant step in the whole project development. License obtaining additionally proves that Truegame is not only legitimate and trustful project, but also a solid partner”.

Jurisdiction of Curaçao is not the only one Truegame plans to apply for licenses in. Applications to other reputable authorities are scheduled and will follow later.

About Truegame:

Truegame is a fully implemented iGaming platform based on Ethereum smart contracts with more than 37 in-house developed games. The TGAME token is a utility token used for playing games and making bets on the Truegame iGaming platform and is now being at its very final stage of integration into the platform.

About Curaçao eGaming:

Curaçao is one of the oldest and most politically stable providers of regulated eGaming services. Its jurisdictions initiative has championed the eGaming Industry for over a decade. Since 1996 they have maintained unprecedented global recognition and appreciation for their abilities to consistently deliver reliable turn-key professional services to the eGaming and eCommerce marketplace.

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Compliance Updates

ESA Gaming gains ISO27001 accreditation

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ESA Gaming gains ISO27001 accreditation
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Innovative games provider ESA Gaming has been awarded a ISO27001 certification which will enable it to enter additional regulated markets.

The certification underlines ESA Gaming’s commitment to information security standards and will facilitate the supplier’s move into jurisdictions such as Switzerland and Greece which is using it as a regulatory benchmark.

The international certification is awarded when a set level of information security standards are reached, ensuring best practice is observed in this discipline.

The milestone plays an important part in ESA Gaming’s growth strategy which will see the supplier enter new markets and further expand in regulated territories around the globe to offer its portfolio of EasySwipe™ games to new audiences.

The mobile-first games are designed to offer increased cross-sell opportunities to sportsbooks by allowing users to enjoy the best quality casino games without disrupting the sports betting experience.

ESA Gaming’s content is currently certified in Portugal, Italy, and Colombia and the supplier holds a licence in Greece and Malta with more jurisdictions to be announced shortly.

Miroslav Hristodulo, ICT & Security Consultant at ESA Gaming, said: “We are pleased to receive this ISO27001 accreditation following a rigorous certification process to ensure we are compliant with the highest security standards.

“We believe this certification will allow us to expand our global reach, strengthen the relationship we have with partners and further position ourselves as a trusted supplier to the online gaming industry.”

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Australia

LAYING THE FOUNDATIONS FOR A NEW CASINO REGULATOR

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LAYING THE FOUNDATIONS FOR A NEW CASINO REGULATOR
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The Bergin Inquiry’s key recommendation for a standalone casino regulator is well on its way to becoming a reality, with temporary arrangements put in place to support the new structure.

The Independent Liquor & Gaming Authority (ILGA) has announced practical interim arrangements ahead of legislative changes to establish the independent casino regulator.

In August 2021 the Government agreed to support all 19 recommendations from the Bergin Inquiry Report on the regulation of casinos in NSW and the suitability of Crown Resorts to hold a restricted gaming licence.

Work then started to redesign the regulatory structure of NSW casinos, with a view to introducing legislative changes to parliament in mid-2022.

ILGA Chairperson Philip Crawford said until legislative change is finalised, the interim arrangements will enhance the management of existing and emerging risks in the current casino regulatory environment, particularly the risks of money laundering and other financial crimes associated with casino activities.

“We need improved capacity now and that’s what these interim arrangements will provide for,” Mr Crawford said.

It is expected the arrangements will start in February 2022 and include: 

  • Functional separation of casino regulation from liquor and gaming regulation within the current casino regulator, ILGA, including some ILGA members dedicated to the consideration and determination of casino matters.
  • Changing the appointment of the current ILGA chairperson Philip Crawford from part-time to full-time to enable a stronger leadership focus and commitment to casino regulation.
  • Appointment of a new ILGA board member with anti-money laundering expertise.
  • Allocation of additional resources to relevant teams within the Department of Customer Service to better support ILGA’s exercise of its legislative functions and powers.
  • Development of a new Memorandum of Understanding between the Department of Customer Service and AUSTRAC to strengthen collaboration and information sharing between the agencies.

The arrangements reinforce the ILGA’s strong commitment to ensuring casino operations in NSW are free from criminal influence, and the potential risks of harm associated with casino activities are adequately monitored and contained.

“ILGA will use the new arrangements to further enhance its ability to identify and address organised crime in casinos and to expand its cooperation with the ACIC, AUSTRAC and the NSW Police Force,” Mr Crawford said.

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Compliance Updates

Soft2Bet secures Danish Gaming licence

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Soft2Bet secures Danish Gaming licence
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Casino and sportsbook platform provider Soft2Bet has obtained licences from the Danish Gambling Authority, Spillemyndigheden, to begin offering a wide range of igaming verticals in Denmark.

The licences cover sports betting, as well as online casino games like roulette, baccarat, punto banco, blackjack, poker, online bingo and slots.

Soft2Bet’s entry into the Danish market is the latest strategic move for the operator group that is currently in the process of expanding its global footprint across several regulated markets.

The move further grows the company’s presence in the Nordics, having secured a licence to operate in Sweden in 2019 from the Swedish Gambling Authority, Spelinspektionen.

The company complied with all the country’s strenuous player safety obligations, proving to be fully compliant with its various regulatory requirements.

Peter Christian Noer, Head of Country Team at Soft2Bet said: “Achieving this licence is a huge moment for Soft2Bet. Our entire team has put in a tremendous amount of effort and worked tirelessly to ensure we met all the requirements and deadlines to achieve this important milestone in our company’s history.

“We now look forward to launching our innovative igaming brands on the Danish market that have proven successful in other jurisdictions because of their state-of-the-art features, unique game supply and strong player protection tools. We only launched in Sweden less than two years ago and have taken significant market shares there ever since. We are convinced that we can do the same on the Danish market before long.

“This massive achievement is the product of uncompromising dedication and one more great accomplishment for our outstanding team to be proud about. It’s also important to thank the Danish Gambling Authority for a positive, collaborative and helpful dialogue throughout the licence application process.”

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