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Compliance Updates

Nektan Enhances Its Regulatory Compliance Through Partnership With SMP Compliance Academy

George Miller

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Nektan Enhances Its Regulatory Compliance Through Partnership With SMP Compliance Academy
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SMP Compliance Academy has today announced a partnership with Nektan PLC, the fast-growing international gaming technology platform and casino services provider, to further strengthen its compliance and regulatory training programme.

The Compliance Academy, developed by Isle of Man-based SMP eGaming, provides CPD accredited multi-jurisdictional compliance and regulatory training content to gaming professionals and operators. It has quickly established itself as one of the most trusted compliance training portals within the industry.

Founded in 2014 and headquartered in Gibraltar, Nektan has a thriving global network of more than 145 white label online casinos and a growing list of large, tier one B2B operator partners. It has a diverse portfolio of content across its proprietary casino platforms, including more than 700 games on its white label platform, Evolve, and 536 games on E-Lite, its content distribution platform.

Malcolm Campbell, Head of Compliance at Nektan, said: ‘Every aspect of compliance, including security, social responsibility and customer care, is at the heart of our business model. The SMP Compliance Academy is fast becoming an essential tool for gaming professionals to stay on top of regulatory requirements, so choosing to partner with them, was an easy decision for us.

‘Its online training platform offers bespoke, continually updated and engaging content that meets the diverse needs of our ever-growing global casino networks. The partnership with SMP will reinforce our compliance and regulatory efforts as we strive to become the global leader in providing the richest, most robust and socially responsible casino platforms and services within the igaming industry.’

Ted Pepper, Director at SMP eGaming, said: ‘This partnership is another great endorsement of the Academy. It’s encouraging to see another highly reputable industry specialist recognise our expertise and the quality of the regulatory and compliance content that we provide through the platform.

‘We’re looking forward to working closely with Nektan to provide a bespoke compliance and regulatory training solution that compliments its pre-existing cohesive culture of compliance that runs throughout the organisation.’

SMP Compliance Academy is training partners with many of the industry’s largest players including Betfred, Microgaming, William Hill, FSB Tech, Colossusbets and Betcris.

 

 

About SMP eGaming:

SMP eGaming Limited is the e-gaming division of leading corporate and trust services provider, the SMP Partners Group of Companies. It provides objective and unbiased, multi-jurisdictional licensing, regulatory and compliance advice and support to established and early stage e-gaming operators, platform and software providers. Internationally recognised, SMP eGaming is headquartered in the Isle of Man with offices in Malta and Jersey, and comprises of a team of over 30 multi-disciplined gaming professionals. Having successfully advised and guided over 75 gaming operators and software providers through the licensing process across multiple-jurisdictions – Isle of Man, UK, Jersey, Malta, and Curacao, SMP eGaming have acquired a unique insight into the international online gaming sector. For more information please visit our website: www.smpegaming.com

 

About Nektan:

Nektan is an international B2B and white label gaming software and services provider, operating in the regulated, interactive real money gaming (RMG) space, delivering original and innovative solutions to commercial organisations that have established online audiences.

Nektan’s full end-to-end technology platform, Evolve, simplifies and supports the route to mobile and desktop gaming revenues, managing the full customer experience and back-office operations, allowing commercial partners to focus on marketing the product to their consumers.

Nektan’s US operating subsidiary, provides US land-based casinos with in-venue mobile gaming solutions which allow operators to add mobile technology and content to their existing offerings, with products accessible to players across both cabinets and mobile devices inside the casinos. Respin has a strong intellectual property portfolio including game patents for Rapid Games™ (on-property mobile entertainment), and other captivating concepts and brands.

Nektan is headquartered in Gibraltar, regulated by the Gibraltar Licensing Authority and the UK Gambling Commission, as well as in the Irish market and maintains sales and customer support operations in its two primary geographical targets, Europe and North America.  The proprietary Evolve technology is developed and maintained by a talented and experienced team of employees from Nektan’s Indian office.

Nektan plc was admitted to the AIM market of the London Stock Exchange in November 2014. Further information on Nektan can be found on the Group’s website at: www.nektan.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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Latvian Parliament Approves the Amendments to the National Legislation on Gambling

Niji Narayan

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Latvian Parliament Approves the Amendments to the National Legislation on Gambling
Reading Time: 1 minute

 

The Latvian parliament has passed the amendments to the national legislation on gambling. The new rules prohibit the Latvians from gambling on the websites of unlicensed international online gambling operators.

Latvian citizens who used the services of unlicensed gambling casinos will get a fine of up to € 350 per incident. Players who avoid taxes for winnings can also be fined. It is assumed that the fine will be 23% for any amount of winnings over € 3,000. There is a €20 thousand penalty for Internet providers who fail to report information about the cases of illegal online gambling.

The Latvian Inspection on lotteries and gambling has blacklisted more than 1500 gaming domains, however, according to media reports, Internet providers blocked only a third of domains form the blacklist.

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Compliance Updates

Spillemyndigheden Issues Warning on Marketing Bonus Offers

Niji Narayan

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Spillemyndigheden Issues Warning on Marketing Bonus Offers
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The Danish Gambling Authority, Spillemyndigheden, has released a statement and issued warning to the operators.

The regulator assessed that the use of the word “free” when marketing a bonus offer is misleading if a wagering requirement is attached to the offer.

In accordance with the Consumer Ombudsman, in 2016, a statement contemplated the use of the word “free” in bonus offers. “The Consumer Ombudsman found that the chance of winning a win was impaired because consumers could not raise their winnings if they stopped the game before the wagering requirement was met, and the total sum of consumer deposits and winnings was higher than the consumer’s initially deposited amount,” said the statement.

The gambling authority said that this is similar to other concepts such as “free spins” and “free bet” if a turnover requirement is attached to the offer. “The use of these terms can create an expectation on the part of the consumer that the offer is actually free without any limitations and will therefore be contrary to the law if this is not the case,” said the watchdog.

 

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Compliance Updates

FDJ Sets New Plans for CSR Efforts

Niji Narayan

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FDJ Sets New Plans for CSR Efforts
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Française des Jeux (FDJ), the French gaming operator, has set out new plans for corporate social responsibility (CSR) efforts to clamp down on issues such as problem gambling, underage players and fraud.

This year onwards, the operator will commit 10% of its annual television advertising budget to responsible gambling.

Last year, FDJ has trained more than 13,000 members of staff on how they can prevent underage gambling. This year also, FDJ will continue its retail training initiative.

This year, FDJ will develop and launch a new money laundering risk assessment tool that will be applied to all of its retail and digital bets.

The operator will also implement an action plan with the aim of becoming a carbon neutral business in 2019 and reducing its carbon emissions by 20% by 2025.

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