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Compliance Updates

Nolimit City granted UK license by Gambling Commission

George Miller

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Nolimit City granted UK license by Gambling Commission
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UK B2B license awarded to software provider, Nolimit City

 

The UK Gambling Commission has awarded Sweden-Malta based software provider and casino games studio, Nolimit City, the prestigious UK B2B license to operate in the established market of the United Kingdom.
This marks a huge milestone for Nolimit City and the next step of evolution in the provider’s journey. Proving its reputation and the will to deliver great content, whilst also respecting the importance of market regulation in every jurisdiction – this will enable the provider to expand its reach in one of the most mature markets in history.
The Gambling Commission is well known for its thorough process and detailed inspection of every application submitted by B2B and B2C applicants alike. Following the successful approval by the commission, Nolimit will be extending future partnerships with reputable operators seeking fresh and exciting content.

Malcolm Mizzi, Director of Commercial Operations at Nolimit City, said: “We have been geared up for this moment and cannot believe the day is finally here. The UK market is one of the most mature and respected in the industry, with iconic UK facing operators already queuing up for our games!”

 

 

About Nolimit City:
Nolimit City is a Stockholm-based online casino platform and game developer, offering high-quality content and services to operators around the world. The company has designed and developed its platform in-house from the ground-up; delivering a strong and powerful engine that can take large volumes of play and social interaction in its stride, on both desktop and mobile. It is coupled to an innovative back office and bonus toolbox, providing a one-stop shop for our partners. It is hugely flexible, and can be tailored to individual operator requirements and needs. We employ some of the smartest minds and artistic talents in the industry; people passionate about gambling and technology. They have helped us to create a portfolio bursting with fun and engaging games for both casino and lottery operators.

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Kazakh President Signs Amendments to Law on Gambling Industry

Niji Narayan

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Kazakh President Signs Amendments to Law on Gambling Industry
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Kazakhstan President Kassym-Jomart Tokayev has signed the law “On Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan on Gambling.” Bookmakers will be moved to Kapshagay and Schuchinsk gambling zones.

Earlier it was reported that the government of Kazakhstan wanted to create three new game zones in the country, however, deputies of the Parliament abandoned this idea and excluded this rule from the draft law. Now all bookmakers will be moved to the two existing gaming zones – Kapshagay and Schuchinsk.

In order to have information about the players, they will create a unified betting centre in the country and the player’s relatives will be able to limit the right to place bets appealing to court. All bets received by the bookmaker in cash or through electronic payment systems should be accounted in a single monitoring centre.

A single accounting of all payments received by the bookmakers will eliminate the shadow turnover, increase tax collection and simplify control. A database of players will contribute to the introduction of universal declaration, the introduction of a procedure for limiting and self-restricting a client from betting and will also strengthen measures to fight money laundering related to crime and the financing of terrorism.

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Compliance Updates

Pariplay Receives ISO/IEC 27001 Certification for Information Security Management

Niji Narayan

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Pariplay Receives ISO/IEC 27001 Certification for Information Security Management
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Online casino games provider Pariplay Ltd has received ISO/IEC 27001 certification for its Information Security Management System (ISMS). ISO/IEC 27001 is an information security standard published by the International Organisation for Standardisation (ISO) and the International Electrotechnical Commission (IEC).

This latest company milestone will enable Pariplay to continue their global expansion into regulated markets and to provide their extensive portfolio of engaging games to more operators. One such region where Pariplay will be making its debut is in Switzerland, a highly lucrative and prestigious market that uses the ISO certification as their regulation benchmark.

Establishing partnerships with a new base of operators in Switzerland will allow Pariplay to provide access to a repertoire of over 100 inhouse developed casino games, including its latest Spin N’Hit and Stallion Fortunes, as well as extremely popular titles like Wolf Riches and Dragons of the North.

“This accreditation acknowledges our unwavering commitment to compliance and security across our global operations, while also allowing us to continue to expand our reach into newly regulated markets, including Switzerland. We’re very excited at the possibilities this presents as more players get to experience our thrilling games and cutting-edge services, furthering our 2020 strategy of branching out into newly regulated markets on a truly global scale,” Adrian Bailey, MD of Pariplay, said.

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Compliance Updates

UK House of Lords Calls for Urgent Regulation of Loot Boxes

Niji Narayan

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UK House of Lords Calls for Urgent Regulation of Loot Boxes
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The House of Lords Gambling Committee has urged the UK government to classify video game loot boxes as “games of chance.” The recommendation came as part of a wide-ranging report in which the committee suggested a number of changes to the gaming industry.

“If a product looks like gambling and feels like gambling, it should be regulated as gambling. The government must act immediately to bring loot boxes within the remit of gambling legislation and regulation,” the report says.

Loot boxes have long been controversial in video games. They offer players a chance at a randomised reward when opened. To further complicate matters, boxes can often be bought for real money, and the rewards can sometimes be traded.

Lord Grade, chairman of the committee, said that lots of other countries have already started to regulate loot boxes because “they can see the dangers” which is teaching “kids to gamble.”

He said the Gambling Act was “way behind what was actually happening in the market” but he added that the “overwhelming majority” of the report’s recommendations “could be enacted today” as they do not require legislation.

The Lords report is wide-ranging, covering the entire gambling industry, but focuses in part on new forms of gambling, and those targeted towards children.

“There is academic research which proves that there is a connection, though not necessarily a causal link, between loot box spending and problem gambling,” it says.

The Lords report concludes that ministers should make new regulations which explicitly state that loot boxes are games of chance. It also says the same definition should apply to any other in-game item paid for with real money, such as FIFA player packs.

The government told the committee that its planned future review of the Gambling Act would focus on loot boxes. But the Lords report warns: “This issue requires more urgent attention.”

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