Compliance Updates
The Netherlands and Belgium ban PUBG loot boxes
The Netherlands and Belgium have banned paid PUBG loot boxes, citing that reselling valuable loot box content is illegal as per the gambling laws in these countries.
PUBG. Corp has also confirmed that it has disabled loot box key purchase and usage in the Netherlands and Belgium after a “recent legal interpretation” regarding loot boxes.
The Dutch Games of Chance authority, or Kansspelautoriteit, has conducted probe into the functioning of several popular games containing loot boxes in 2018, such as PUBG, CSGO, FIFA 18, Dota 2, and Rocket League, and found many of them illegal. Titles investigated include PUBG, CSGO, FIFA 18, Dota 2, and Rocket League.
It conducted the enquiry to find out whether loot boxes in games encourage gambling addiction.
When random loot box content is tradable there is almost always a certain monetary value associated with that content. This is why these countries consider paid loot boxes with random content gambling.
Compliance Updates
Habanero seals Romanian licence
Supplier granted coveted accreditation by national regulator
Premium slots and table games provider Habanero has been awarded an online licence to supply Romanian-based operators with its immersive content offering.
Following its accreditation by the Romanian gambling regulator (ONJN), the games studio can further expand its commercial footprint within the territory, where online gambling has been regulated since 2016.
The 69+ newly-licensed games in Habanero’s highly regarded portfolio include widespread player favourites such as Wizards Want War!, Egyptian Dreams Deluxe, Happiest Christmas Tree and 5 Lucky Lions.
Habanero’s latest certification follows on from its recent acquisition of an MGA licence, paving the way for it to secure new partnerships, in addition to those already signed.
Commenting on the accreditation, Arcangelo Lonoce, European Head of Business Development at Habanero, said: “We are thrilled that the team’s consistent diligence has been recognised by the regulatory body in Romania, a market which we believe to be one of the most interesting and dynamic in Europe.
“The news will help us further extend our ever-growing customer reach within the region, following on from a series of high-profile commercial agreements with a succession of Southern Europe’s foremost operators.”
Ready to build on an outstanding 2020, the studio has continued its rapid growth across Europe and South America by creating some of the industry’s highest quality content.
Compliance Updates
LOTP secures Isle of Man licence
Online sportsbook operator aimed at esports and sports fans now in final preparation for launch
Lord of the Pot (LOTP) has been awarded a B2C licence by the Isle of Man Gambling Supervision Commission and will now enter the final stages of preparation before launching its online sportsbook aimed at esports and sports fans.
Amber Gaming assisted LOTP through the licensing process, ensuring that it was able to meet and exceed the standards set by the Isle of Man regulator.
Prior to launch, LOTP will integrate live fantasy and pari-mutuel games from software provider, Tokigames. Back-office functionality will be provided by Pragmatic Solutions while the operator’s affiliate programme will be run and managed by Affiliate Insider.
LOTP will primarily target players in Asian markets and allow them to place wagers on the outcomes of real-life battles on popular games such as Counter Strike: Global Offensive, Dota 2, League of Legends as well as traditional sports.
The operator took the decision to set up operations on the Isle of Man due to the island’s reputation as a tier one jurisdiction with an innovative and forward-thinking regulator that understands the global igaming industry and especially the Asian market.
A spokesperson at LOTP, said: “The Isle of Man sets that standard when it comes to licensing online gambling organisations and with its understanding of the Asian market, it was the perfect fit for our business.
“Of course, we wanted to ensure we were working to its standards from the get-go and Amber Gaming has proved vital in helping us navigate the licensing process while also making sure that we not only meet but exceed these requirements.
“With our Isle of Man licence, we can now prepare to launch LOTP in the Asian markets we have identified as offering the greatest potential and with a product that we know is meeting the highest levels of safe gaming and responsible gambling.”
Karen Yates, Director and Head of Corporate Governance at Amber Gaming said, “We are delighted to have assisted LOTP in securing its B2C licence from the Isle of Man Gambling Supervision Commission, which sets the highest possible standards for operators to meet.
“Just like the regulator, the Amber Gaming team is highly experienced in the Asian market and we know what operators need to do in order to meet and exceed the requirements set by the Commission, which in this instance has ensured that LOTP has secured its licence in a timely manner.
“LOTP has a strong foundation on which to build a successful business in Asia and we are honoured to have played a part in its journey to date.”
Compliance Updates
New Ukrainian Gambling Regulator Approves First Licence
Ukraine’s Commission for the Regulation of Gambling and Lotteries (KRAIL) has approved the first gambling license.
This license has been awarded to operator Spacex for its Kosmolot brand. The operator must pay a UAH30.7m ($1.1m) online licence fee to obtain a five-year licence.
Spacex applied for an online casino licence in December. Its application was initially delayed because the commission asked for more information on the firm’s ownership structure to check it met the requirement that licensees are based in Ukraine.
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