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Compliance Updates

Red Rake Gaming secures Malta Gaming Authority license

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Red Rake Gaming secures Malta Gaming Authority license
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Red Rake Gaming has started the New Year with its feet firmly on the ground as they have secured their second license within 4 weeks. Having already secured the UKGC license with a vast array of clients preparing to launch its portfolio of games, the MGA license will now allow for Red Rake to continue its expansion by offering its varied portfolio of games to the vast number of MGA licensed operators.

Driving the regulated market strategy Red Rake now boasts an array of markets where players can take advantage of the feature rich content which now includes UK, Malta, Italy, Spain, Portugal and Romania.

Nick Barr, Managing Director, Malta, comments:
“Securing the MGA license is another big step in Red Rake Gaming’s strategy and increases our capability to be able to supply the large concentration of operators located on the Island. This further solidifies our commitment and expansion on the Island after recently setting up our commercial and business development team in Malta. Based on the demand for the Red Rake Gaming portfolio, which was even more apparent after a very successful ICE exhibition, we expect to continue growing our footprint in Malta. 2019 is already shaping up to be a great year for the company and a big well done goes out to all involved in securing the license”

 

About Red Rake Gaming:
Red Rake Gaming, an online casino provider, offers a wide and varied portfolio of top performing games across various markets including Belgium, Italy, Spain, Portugal, Romania, Malta and the UK. As a boutique provider to the iGaming industry we pride ourselves on working closely with our partners to drive their revenues through our high quality game production, exclusive promotions and flexibility to accommodate their individual needs. Coming from a strong social background, Red Rake Gaming content has already been proven in the social casino space, with all the success’s from social applied to our real money gaming. Since its inception, Red Rake Gaming has experienced significant growth, and demand for feature rich games continues to strengthen. With over 30 top performing slots, video bingo’s, video poker and table games, Red Rake Gaming has games to meet all operators requirements.
For more information on industry leading content, please visit: www.redrakegaming.com

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Compliance Updates

Warren Jacobs joins BetComply board

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Warren Jacobs joins BetComply board
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BetComply, iGaming’s most trusted technical and regulatory compliance firm, has appointed experienced entrepreneur Warren Jacobs to its board as a non-executive director.

Jacobs has served as CEO of Betable Group since 2018, and is also chairman of ActiveWin Media, where he was previously managing director for a decade. He brings with him a strong reputation for scaling businesses, and has experience working for major brands including General Motors and Betfred.

He joins at a time BetComply is rapidly expanding its range of products and services, supporting partners across more than 40 regulated jurisdictions worldwide.

“We’re delighted to have Warren join the BetComply board. He brings with him a wealth of experience from more than a decade building iGaming businesses,” said Daniel Brookes, CEO of BetComply. “We’re now more than a year into the BetComply journey. Our team has grown quickly, and we’re supporting many of the fastest-growing companies in our sector across multiple regulated jurisdictions. With the addition of Warren’s guidance, we’ll be able to provide even better service to our partners going forward.”

Warren Jacbos, non-executive director at BetComply, added: “Working in the iGaming sector for more than a decade, it became extremely clear that world-class compliance expertise was in short supply. BetComply is solving this issue, by providing the trusted technical and regulatory compliance support businesses need to thrive. I’m honoured to join the board and help build upon this vision.”

Since BetComply was founded last year, it has rapidly grown its team to more than 20 people, creating a depth of iGaming compliance expertise unmatched in the industry.

Among its recent appointments was Loes Wetzer, who joined the company as operations director in August.

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Compliance Updates

GCGRA Issues Warning Against Unlicensed Lottery and Gaming Operators

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The General Commercial Gaming Regulatory Authority (GCGRA), the federal entity overseeing commercial gaming activities in the United Arab Emirates, issued a Consumer Advisory Notice warning UAE residents of the dangers of doing business or playing with unlicensed lottery and commercial gaming operators. Under the federal laws of the UAE, only lottery and commercial gaming operators approved by the GCGRA are permitted to operate.

Consumers who choose to play or do business with an unlicensed operator face significant risks, including financial loss, becoming the victims of cheating or fraud, having their personal data stolen or misused, increasing the risk of malware, phishing, or other cybersecurity threats, and being implicated in a regulatory or criminal investigation and the subsequent reputational damage.

The GCGRA has granted the sole lottery license to The Game LLC, which operates as The UAE Lottery. This is the only lottery license permitted under the GCGRA regulatory framework.

Additionally, the Federal Law by Decree establishing the GCGRA, permits certain preexisting lottery activities to continue. Within this framework, only Big Ticket and Dubai Duty Free – airport lotteries that have been operating for approximately 30 years – are authorised to continue operations under the supervision of the GCGRA. In accordance with the law, all other preexisting lotteries will not be considered for continued operations, and the GCGRA has ordered them to shut down.

Kevin Mullally, CEO of the GCGRA, said: “The GCGRA is committed to ensuring a safe and legal gaming environment in the UAE.”

He urged consumers to “Stay vigilant and informed, to protect yourself from the risks associated with illegal gaming. Your adherence to the law not only safeguards your personal and financial security but also upholds the integrity of our community. If you choose to play, do so only with licensed operators.”

Mr. Mullally said: “These unlicensed businesses have not had their technology or games independently evaluated for fairness or security. They are not required to act responsibly or incorporate basic consumer protection. They are not subject to advertising regulations and lack any oversight of their finances, including having reserves for prize payouts and complying with anti-money laundering laws. Consumers are strongly advised to avoid unlicensed operators to protect themselves from adverse consequences. Similarly, advertisers, payment processors, and other service providers that support these businesses risk sanctions and potential consequences affecting their ability to operate in the UAE.”

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Compliance Updates

New Zealand Introduces Racing Act Changes to Extend TAB NZ Monopoly

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New Zealand Racing Minister Winston Peters has announced the introduction of legislation to amend the Racing Industry Act 2020 which will extend TAB NZ’s current land-based monopoly for sports and racing betting to online.

The Racing Industry Act established TAB NZ for the purposes of funding the racing industry. It provides 90% of the racing industry’s revenue, which generates billions of dollars for the New Zealand economy and employs over 13,500 people.

“This legislation will enhance the long-term sustainability of New Zealand’s racing industry by making TAB NZ New Zealand’s sole provider for sports and race betting both on land and online,” said Mr Peters.

“Growing competition from offshore online betting operators poses a significant threat to the TAB NZ model.

“This change brings the model up-to-date with the current sports betting climate and will ensure the financial sustainability of the racing industry, as established in the Coalition Government’s Q4 Action Plan for New Zealand.”

The Bill makes a number of other changes to support the success of TAB NZ, including new oversight powers for the Minister to seek information from TAB NZ, and regulatory oversight of the prohibition on other operators.

“These oversight tools will ensure that TAB NZ can continue to deliver value for consumers and the racing industry, and to ensure that the ongoing viability of the industry,” Mr Peters said.

Other changes to the legislation include regulation-making powers for harm prevention and minimisation, and consumer protection, and removing the Point of Consumption Charge.

The Bill will be referred to the Governance and Administration Committee for a select committee process.

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