Connect with us
SIS

Compliance Updates

Matthew Robins Joins SMP eGaming To Head Up Regulatory Compliance

George Miller

Published

on

Matthew Robins Joins SMP eGaming To Head Up Regulatory Compliance
Reading Time: 1 minute

 

SMP eGaming has announced that Matthew Robins – former Director of Compliance at The Stars Group and, more recently, Chief Compliance Officer of the mobile payments wallet, MuchBetter – has joined the firm as Head of Regulatory Compliance.

Matthew has been in the gaming industry for the last 12 years and involved with regulations and compliance for more than 20 years. He is well-known in the remote gaming sector and has appeared on several panels at conferences discussing challenges of new payment methods, AML and verification processes.

Ted Pepper, Director of SMP eGaming, said: ‘I’m delighted to welcome Matthew to our Gaming Compliance division. With more than 20 years’ experience in regulations, audit and compliance, his leadership, experience and wealth of knowledge across multiple gaming jurisdictions will be a great asset to us. He will provide a fresh outlook and insight into our products and operations as we continue to grow.

‘Having someone like Matthew join SMP eGaming is testament to the hard work we’ve been putting in over the years and shows that we are on the right track. I’m really looking forward to seeing what the future holds for SMP.’

Matthew said: ‘SMP Partners has built up a great reputation in gaming over the last 10 years and it is a pleasure to be joining them at an exciting time in their growth. The company has great ambition and has built a dynamic and skilled team which I’m excited to be part of.’

SMP eGaming is the e-gaming division of leading corporate and trust services provider, the SMP Partners Group. Headquartered in the Isle of Man, with offices in Malta and Jersey, it provides multi-jurisdictional licensing, regulatory and compliance advice and support to established and early stage e-gaming operators, platform and software providers across multiple jurisdictions.

 

Continue Reading

Compliance Updates

Gibraltar’s GLA Suspends Operating Licence of Addison Global

Niji Narayan

Published

on

Gibraltar’s GLA Suspends Operating Licence of Addison Global
Reading Time: < 1 minute

 

Gibraltar’s Gambling Licensing Authority (GLA) has suspended the operating licence of Addison Global, which operates under the brand name MoPlay.

The move follows advice from the Gambling Commissioner, who according to a Government press statement, has been working with company executives on restructuring proposals put forward by the shareholder of the company, who gave assurances that the intention was to support the business and its further development at all times.

A government statement concluded that these proposals, which included honouring all outstanding liabilities, did not materialise and the Gambling Commissioner was no longer able to accept that the firm is able to meet its licensing conditions.

The Government said the move to suspend the relevant licences has been made to protect consumers from any further detriment. The statement adds the Directors will have to address the solvency issues.

Continue Reading

Compliance Updates

EGBA Proposes Changes for German iGaming Market

Niji Narayan

Published

on

EGBA Proposes Changes for German iGaming Market
Reading Time: 2 minutes

 

The European Gaming and Betting Association (EGBA) has outlined several recommendations aimed at improving the proposals for a Third State Treaty on gambling.

EGBA welcomes the progress towards developing a new online gambling regulation but warns that the draft treaty proposals are inconsistent, overly restrictive in the context of current consumer demand and jeopardise the task of developing a fully functioning online gambling market in Germany.

“A new online gambling regulation is badly needed in Germany, but these new proposals could make the current regulatory dysfunction even worse. An attractive product offer is absolutely essential to achieving a safe and well-channelled gambling environment – but the proposed restrictions would prevent this,” Maarten Haijer, Secretary-General of EGBA, said.

Given the importance of channelling, consumer choice and the “shop-around” nature of online betting, EGBA is concerned that the restrictions proposed in the new state treaty will undermine the success of the future online gambling regulation. Specifically, the cumulative effect of the current product restrictions and the comprehensively restricted access to online casino games, which has been part of the European Commission’s repeated criticism of Germany’s gambling regulations.

To ensure this new regulation is a success, EGBA makes the following recommendations:

  • Online casino: A full product range is essential to support effective channelling; there should be no opt-out for the Länder when it comes to the regulation of casino games.
  • Bet types: Extensive restrictions should be avoided when defining permissible bet types. Any restrictions on live betting would undermine the objective of channelling consumers.
  • Deposit limits: A mandatory cross-provider deposit limit of EUR 1000 will be difficult to implement on a technical level and raises concerns about data protection. A recent study found that the setting of voluntary deposit limits is effective and gamblers who set their own deposit limits would spend significantly less money, compared to players who had not.
  • Player account activity: The proposed waiting times for switching between products and operators are not justified and will undermine channelling because they ignore the “shop-around” nature of online betting behaviour and the nature of price and odds comparisons.
  • Regulatory authority: EGBA welcomes the proposal to set up a central competent regulatory authority but has concerns about how long it will take to set up and how this could affect licensing decisions.
Continue Reading

Compliance Updates

Betway Secures Portuguese Licence

Niji Narayan

Published

on

Betway Secures Portuguese Licence
Reading Time: < 1 minute

 

Betway has secured a licence from the Comissao de Jogos do Turismo (SRJI) to operate B2C online casino and betting services in Portugal.

The government agency which leads licencing initiatives for Portugal’s gambling marketplace, sanctioned by the nation’s Tourism Board has granted online gambling rights to Betway’s Malta operating subsidiary GM Gaming Ltd.

Portugal becomes Betway’s ninth European regulated marketplace, in which the operator maintains operating licences within the UK, Italy, Belgium, Sweden, Spain, Germany, Ireland and Denmark.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.