Connect with us
SIS

Compliance Updates

Maxima Compliance expands team with two senior hires

George Miller

Published

on

Maxima continues expansion with new Welsh office
Reading Time: 2 minutes

 

Maxima Compliance, the leading full service regulatory and technical compliance provider for the betting and gaming industry, has significantly strengthened its team with the addition of two c-level hires.

Matt Hegarty joins as Director of Technology Services, where he will oversee the roll-out of new technical products which provide solutions to compliance issues faced by the industry, including player protection and responsible gambling.

Hegarty spent six years with bet365, where he led technical teams involved with player monitoring, external threat protection and the development of a bespoke system to integrate with the Italian regulator.

He is joined at Maxima by Head of Information Security Services Richard Bucknall, who brings a wealth of experience covering ISO27001 and IT infrastructure having worked for more than a decade in processes implementation and audit.

Bucknall will lead information security projects as a central part of Maxima’s technical compliance offering, as well as helping clients draft policies and implement standards.

Both will work out of Maxima’s new London headquarters.

Antonio Zanghi, founder and Director of Compliance Services at Maxima Compliance, said: “With compliance now a central concern for both operators and suppliers, this was the right time to expand Maxima’s senior management team.

“Both Matt and Richard bring with them years of experience in their respective fields. At a time when regulatory burdens are growing across the industry, their unparalleled expertise will ensure Maxima clients stay ahead of the game.

“This is an exciting time for Maxima, with a growing team and a number of new clients coming onboard, and I am delighted to welcome Matt and Richard.”

Maxima Compliance is trusted by leading operators and suppliers to deliver innovative compliance solutions. It offers a full range of products and services covering technical compliance, regulatory compliance, auditing and outsourcing.

For more information, please visit: www.maximacompliance.com

 

Compliance Updates

UK House of Lords Calls for Urgent Regulation of Loot Boxes

Niji Narayan

Published

on

UK House of Lords Calls for Urgent Regulation of Loot Boxes
Reading Time: 2 minutes

 

The House of Lords Gambling Committee has urged the UK government to classify video game loot boxes as “games of chance.” The recommendation came as part of a wide-ranging report in which the committee suggested a number of changes to the gaming industry.

“If a product looks like gambling and feels like gambling, it should be regulated as gambling. The government must act immediately to bring loot boxes within the remit of gambling legislation and regulation,” the report says.

Loot boxes have long been controversial in video games. They offer players a chance at a randomised reward when opened. To further complicate matters, boxes can often be bought for real money, and the rewards can sometimes be traded.

Lord Grade, chairman of the committee, said that lots of other countries have already started to regulate loot boxes because “they can see the dangers” which is teaching “kids to gamble.”

He said the Gambling Act was “way behind what was actually happening in the market” but he added that the “overwhelming majority” of the report’s recommendations “could be enacted today” as they do not require legislation.

The Lords report is wide-ranging, covering the entire gambling industry, but focuses in part on new forms of gambling, and those targeted towards children.

“There is academic research which proves that there is a connection, though not necessarily a causal link, between loot box spending and problem gambling,” it says.

The Lords report concludes that ministers should make new regulations which explicitly state that loot boxes are games of chance. It also says the same definition should apply to any other in-game item paid for with real money, such as FIFA player packs.

The government told the committee that its planned future review of the Gambling Act would focus on loot boxes. But the Lords report warns: “This issue requires more urgent attention.”

Continue Reading

Compliance Updates

Norway to Consolidate Gambling Laws Under Single Legislative Banner

Niji Narayan

Published

on

Norway to Consolidate Gambling Laws Under Single Legislative Banner
Reading Time: < 1 minute

 

The Norwegian Ministry of Culture is going to launch a consultation on unifying the country’s gambling laws into a single piece of legislation. The new bill would bring together the existing Lottery Act, Gambling Act and Totalisator Act under a group of gambling laws that would apply to the entire Norwegian market.

The consultation will run through to September 29, with a range of stakeholders invited to give their opinions on the proposals.

“The purpose of the bill is to improve responsible gaming [standards] and to prevent problems and other negative consequences of gambling,” Minister of Culture and Gender Equality Abid Q. Raja said.

“We still want voluntary and non-profit purposes to benefit from the profits that gambling generate, and the bill facilitates this, but at the same time also demands more efficiencies from Norsk Tipping,” Raja added.

Among the key proposals in the bill are for Norsk Tipping and Norsk Rikstoto to retain the exclusive right to offer gambling. Both operators would be subject to strict state control, including the government having a final say on board appointments to each business.

The bill would also have the Ministry of Culture assume responsibility for all elements of the gambling market, including rules governing the horse racing sector, which is currently overseen by the Ministry of Agriculture and Food.

The country’s regulator Lotteritilsynet would also be given more power to ensure that gambling is taking place legally. This would include ordering internet service providers to notify users that when they see marketing from offshore operators, this is both unlicensed and illegal.

Aside from traditional gambling, the consultation will also gather opinions on loot boxes in video games and whether these features should be covered by the new set of laws.

Continue Reading

Compliance Updates

GiG Secures Sports Betting License in Colorado for WSN.com

George Miller

Published

on

GiG Secures Sports Betting License in Colorado for WSN.com
Reading Time: < 1 minute

 

Gaming Innovation Group (GiG) has further expanded its presence in the United States after receiving a Vendor Minor sports betting license for its flagship affiliate site WSN.com from the Colorado Limited Gaming Control Commission.

GiG Media is now active in seven US states through its flagship US-facing sports betting website World Sports Network (WSN.com).

GiG was granted its first affiliate vendor registration in January 2019 for the state of New Jersey. This was followed in December 2019 by a certificate of registration for sports wagering in Indiana. In February 2020, GiG secured authorisation from the Pennsylvania Gaming Control Board to provide affiliate services in the Keystone State.

Jonas Warrer, Managing Director of GiG Media, said “We are delighted to further strengthen our position in the US with this latest license approval. WSN.com continues to gain momentum in the US market and Colorado provides us with an even greater opportunity to convert visitors into players as legal sportsbooks begin accepting customers in the state.”

Colorado became the 18th state to legalise online sports betting in the US in May 2020. The online sports betting market in the centennial state is estimated to reach approximately $200 million in annual revenue at saturation, according to H2 Gambling Capital.

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.