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Compliance Updates

Gaming Innovation Group awarded two Swedish licences

George Miller

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Gaming Innovation Group awarded two Swedish licences
Reading Time: 3 minutes

 

Gaming Innovation Group Inc. (GiG) has been awarded two licences in the Swedish market. One licence will be used for its inhouse brands (Rizk, Guts, Highroller, Thrills, Kaboo and Betspin) and the other licence will be offered to its external customers.

The new Chairman of the Board, Petter Nylander, is one of the pioneers and driving forces behind the Swedish re-regulation of the gaming and gambling market. He also has significant experience from the iGaming industry as the former CEO of Unibet (now Kindred Group plc).

Petter Nylander, Chairman of the Board at GiG says: “I am very excited in joining GiG in this dynamic market at this point in time, the Company is ready for its next phase of expansion with an accelerated need for compliance and end user safety. GiG will shortly be moving its listing to Sweden and it is a pleasure to see the Swedish market re-regulate, which is something I have personally been fighting for over a significant period.”

“There is an enormous potential for growth in regulated and soon-to-be regulated markets globally, such as in the US, which state by state we see swiftly opening up for online casino and sports betting. I am looking forward to driving the success of GiG to the next level. GiG is uniquely positioned with its B2B solutions and B2C offering covering the whole value chain in iGaming and is supported by a strong Board in its further growth and opportunities.”

Robin Reed, CEO at GiG says: “I am delighted GiG is now ready for further growth in the regulated Swedish market where we have offered our online gaming entertainment since 2013. Sweden is a very important market, both to us and to many of our customers. We are looking forward to delivering our fair and fun offering to Swedish end users in the new regulated environment. GiG embraces a safe and trusted iGaming environment and has been and will continue investing in technology and people to be at the forefront of responsible gaming. Examples of our innovative player safety services include a leading marketing compliance tool ‘GiG Comply’, machine learning and artificial intelligence to manage responsible gaming and a hands-on, inhouse Player Safety Team which directly supports the end users.”

“We are excited about the potential for accelerated growth as we expand in regulated markets globally. The new Board of Directors brings all the knowledge and experience we need to further accelerate the Company in an increasingly regulated environment and to drive towards rapidly becoming the leading iGaming partner supporting our customers in building strong brands.”

The Swedish market will be regulated from 1 January 2019 with a betting duty of 18%, the licences are awarded by The Swedish Gambling Authority, Lotteriinspektionen. GiG currently holds licences in Malta, UK, New Jersey, Germany (Schleswig-Holstein), Sweden and has a pending licence in Spain.

On 11 December, a new Board of Directors was elected by GiG’s shareholders at a Special Meeting in Oslo. Petter Nylander was elected new Chairman of the Board. Five Directors of the Board were elected: Helge Nielsen (former GiG Chairman of the Board), Henrik Persson Ekdahl (re-elected Director of the Board), Robert Burén (new Director of the Board), Frode Fagerli (new Director of the Board) and Paul Fischbein (new Director of the Board).

 

About Gaming Innovation Group (GiG):

Gaming Innovation Group Inc. is a technology company providing solutions, products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group’s vision is ‘To open up iGaming and make it fair and fun for all’. Through the ecosystem of products and services, GiG is connecting operators, suppliers and users, to create the best iGaming experiences in the world. Gaming Innovation Group operates out of Malta and is listed on the Oslo Stock Exchange under the ticker symbol GIG.

For more information about GiG also see: www.gig.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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Compliance Updates

GameArt Awarded Spanish GLI Certification

George Miller

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GameArt Awarded Spanish GLI Certification
Photo Source: soloazar.com
Reading Time: 1 minute

 

Trailblazing slot game developer GameArt has announced it can now offer its games in the regulated Spanish market, after being awarded certification by the Spanish Directorate General for the Regulation of Gambling (DGOJ).

To qualify for the certification, GameArt was thoroughly evaluated by highly respected UK-based Gaming Laboratories International (GLI), confirming that its slots met the most exacting standards, as required by the Spanish regulator.

Discussing the development CEO of GameArt, Maja Lozej, said:
“With the Spanish gaming market going from strength-to-strength, we are delighted to be able to offer players there the chance to experience some of the world’s most exciting and innovative slots. Gaining the certification also once again demonstrates that GameArt is creating compliant games that meet the most stringent international standards.”

GameArt’s expanding portfolio of slots is expected to be a big hit in the Spanish market, with the latest release, Circus of Horror, expected to be particularly appealing given its immersive gameplay, atmospheric graphics and chilling soundtrack.

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Compliance Updates

The MGA publishes a Preliminary Market Consultation Document to request information on projects for a Unified Self-Exclusion System

George Miller

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The MGA publishes a Preliminary Market Consultation Document to request information on projects for a Unified Self-Exclusion System
Reading Time: 1 minute

 

The Malta Gaming Authority (MGA) has recently issued a Preliminary Market Consultation (PMC) document to request information pertaining to possible project implementations which could provide a Unified Self-Exclusion System to be applied to the regulated gaming industry in Malta. The PMC document may be accessed via the Maltese Government’s Electronic Public Procurement System (ePPS). All submissions are also to be sent through the ePPS.

Responsible gaming is a key priority within the MGA’s regulatory policy development and framework. Following upon the White Paper to Future Proof Malta’s Gaming Legal Framework published in July 2017, the MGA is pursuing tools and means to further strengthen the protection afforded to players. These initiatives include the recently published Player Protection Directive, and the Alternative Dispute Resolution Directive, as well as our declared intent to launch a Unified Self-Exclusion System across gambling operators, irrespective of channel.

The MGA envisages that a Unified Self-Exclusion System would be a significant step forward in the MGA’s agenda to implement further control for the prevention of gambling-related harm, extending the criteria in Part IV of the Player Protection Directive, and Part IV of the Gaming Premises Regulations. The scope and high-level specifications of the Unified Self-Exclusion System can be accessed via the PMC document.

Interested parties are encouraged to follow the following steps:

Important: Interested parties may wish to contact the MGA for support on pmc.mga@mga.org.mt should difficulties to register correctly or upload/download documents from the ePPS, persist.

The closing date for this preliminary market consultation process is 31 May 2019.

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Compliance Updates

MGA Recognises 1×2 Network as a supplier

Niji Narayan

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MGA Recognises 1x2 Network as a supplier
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The UK-based 1X2 Network has received a Notice of Recognition as a supplier from the Malta Gaming Authority (MGA). This will be a shot in the arm for the iGaming developer.

With this recognition, 1X2 Network can now offer its suite of innovative slots, virtual sports, and table games to Malta-licensed operators utilising its already licenced and established UK entity.

Kevin Reid, Chief Operating Officer at 1X2 Network, said: “We are very proud to have received this Recognition from the Malta Gaming Authority, one of the most established and trusted regulators in the world.”

“We have built our reputation around delivering popular slots, table games and virtual sports, to regulated markets around the world, and will be looking to expand our presence in Malta and other regulated jurisdictions through 2019.”

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