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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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Compliance Updates

Solverde Group Secures Online Sports Betting Licence in Portugal

Niji Narayan

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Solverde Group Secures Online Sports Betting Licence in Portugal
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Solverde Group has secured online sports betting licence in Portugal. The new licence will enable Solverde to accept online sports bets through its Solverde.pt website.

Solverde, which operates five land-based casinos across Portugal, also holds an online casino licence in the country, offering a range of casino-style games via Casinosolverde.pt.

The new licence comes after the national regulator Serviço de Regulação e Inspeção de Jogos (SRIJ) last month revealed that online gambling revenue drastically increased under lockdown.

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Berlin Interior Minister Andreas Geisel Approves German State Treaty

Niji Narayan

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Berlin Interior Minister Andreas Geisel Approves German State Treaty
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Berlin’s Interior Minister Andreas Geisel has approved the federal regulatory framework for gambling, clearing the way for the city mayor Michael Müller to sign the legislation.

Minister approved the current draft of Glücksspielneuregulierungstaatsvertrag (GlüNeuRStV) at the Berlin Senate hearing on September 15. However, it must now be presented to the city’s House of Representatives to be ratified by the Berlin parliament. The GlüNeuRStV must go through this process in each of Germany’s 16 states, and be signed by the head of state, and ratified by its parliament. In total, 13 of the 16 states must approve the legislation for it to come into force as planned from 30 June 2021.

However, states will begin to implement the Treaty from 15 October this year, under a transitional regime in which operators will be permitted to offer online sports betting, poker and slots.

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Compliance Updates

Sweden’s Spelinspektionen to Ban Betting on Sporting Violations

Niji Narayan

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Sweden’s Spelinspektionen to Ban Betting on Sporting Violations
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Spelinspektionen, the Swedish gambling regulator, is going to implement a ban on betting on sporting violations, including yellow and red cards, free kicks and penalties in football from 1 January 2021.

The regulator will also ban betting on all but the top four divisions of football in Sweden (Allsvenskan, Superettan, Division 1 Norra and Södra) and the six regional Division 2 leagues as well as on under-21 internationals. Betting on the individual performance of players aged under 18 will also be banned in all sports played in Sweden.

“Football is a high-risk sport when it comes to match-fixing and there are special risks with low divisions. Surveillance is poorer and practitioners do not make money from their sport. The Swedish Gambling Authority has therefore chosen to place special emphasis on football and has taken into account views received from the consultative bodies,” Spelinspektionen said.

Gustaf Hoffstedt, secretary general of online gaming operators’ association Branschföreningen för Onlinespel (BOS), criticised the move as political, claiming it was designed to appease the National Athletics Association, Swedish Football Association and politicians rather than enforce regulatory good sense.

He said: “Spelinspektionen claims to have found a well-balanced point between different interests but there is no balanced point in this matter. Either you believe restrictions for licensed companies lead to reduced match-fixing [or not].

“In that case, I wonder why Spelinspektionen can be content with these relatively peripheral restrictions. In that case, the only responsibility would be to impose restrictions on almost everything if one is so convinced that they have a positive effect.

“The Swedish Gambling Authority is often blamed for a lot of things when in fact it is the government that is to be held accountable.

“This case is unique however in that it is the SGA itself that has chosen to impose the restrictions and this without any analysis of their effect. This, of course, damages SGA’s reputation.”

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