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Compliance Updates

EGBA’s Reaction To New Irish Gambling Bill

George Miller

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EGBA's Reaction To New Irish Gambling Bill
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On 20 March the Irish Cabinet approved the Gaming and Lotteries (Amendment) Bill 2019, which is part of a legislative package to regulate gambling activity in Ireland, including for the online sector. The new bill foresees the creation of an independent gambling regulator and proposes a number of other changes to Ireland’s gambling framework.

Minister David Stanton (Department of Justice and Equality) said: “A modern and effectively regulated gambling environment will ensure, to the greatest extent possible, that gambling will be a safe, fair and entertaining activity for the majority of those who choose to take part in it.”

EGBA welcomes the Irish government’s publication of a bill to introduce a regulatory authority for gambling and thank Minister Stanton and his team for their ongoing commitment and efforts to regulate online gambling.

We welcome the Irish government’s publication of a bill to introduce a regulatory authority for gambling, the implications of which we will carefully study. Ireland is one of only two remaining EU countries who do not currently have some form of regulation for online gambling. It is in the interests of everyone to have a well-regulated online gambling market which protects Irish players. We look forward to the discussions on the bill. For any new law to be a success it should be supported by a multi-license system which ensures a competitive and attractive market for Ireland’s online gamblers and has adequate safeguards to protect them.” – Maarten Haijer, Secretary General, European Gaming and Betting Association (EGBA).

Compliance Updates

Complitech adds new functionalities and markets

George Miller

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Complitech adds new functionalities and markets
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Complitech, the gaming industry’s only product and technical compliance database, has received a significant upgrade with new functionality and additional market coverage.

As part of the new Complitech, users now have access to change management and information security requirements across all markets where these are available.

Complitech has also added compliance requirements for gaming platforms.

And on top of the new functionality, Complitech’s market coverage has been expanded to include four new jurisdictions: New Jersey, Belarus, Latvia and Panama.

Antonio Zanghi, Managing Director of Maxima Compliance said: “The feedback we’ve received since launching Complitech earlier this year has been fantastic, and we’ve been working hard to add new features, functionality and markets to the product.

“This major update is designed to further smooth the technical compliance process, and make things easier than ever for suppliers to enter new markets. The four new jurisdictions we have added come at the direct request of our users, and we are already working on our next update, which can be expected later this year.”

Complitech was launched by Maxima Compliance in March as the industry’s first technical compliance database. It provides up-to-the-minute information via a comprehensive database and set of analytical tools, with the ability to conduct automated gap analysis across product compliance, information security and change management. 

For more information about Complitech, or to schedule a free demonstration, please visit: https://www.complitech.com/

 

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Compliance Updates

Parliament approves legalisation of betting in Ukraine – A statement from Parimatch

George Miller

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Parliament approves legalisation of betting in Ukraine - A statement from Parimatch
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Parimatch Holding welcomes the result of today’s important vote. It is a landmark moment for both the international betting industry and Ukraine’s liberalizing economy.

The development of a fair and regulated betting industry is excellent news for Ukraine. It shows the world we are ‘open for business.’ It will draw international investment into, and help grow, important technology and payments sectors that are the foundation of the betting industry. Through the license fees and tax contributions, it will also generate much needed revenue for the state budget.

The Bill includes many best-standard international practices that will form the framework of a transparent and competitive market. We eagerly wait for President Volodymyr Zelenskyi to sign it and deliver on his ambitious pledge to legalize betting to support Ukraine’s new economy. After the Bill is finally ratified, we believe there is a requirement to reform the Tax Code of Ukraine to accompany this regulatory framework; ensuring the long-term viability of the industry in Ukraine.

Parimatch is proud of the platform that we offer our millions of customers internationally. After 11 long years, we are delighted to finally be able to provide these products to our home market and entertain the people of Ukraine. We have all waited long enough.

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Cambodian Cabinet Passes Casino Regulation

Niji Narayan

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Cambodian Cabinet Passes Casino Regulation
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Cambodia’s cabinet has approved the draft law on commercial gaming management, according to reports in the Phnom Penh Post.

The law “focuses on ensuring integrated commercial gambling that contributes to economic growth, tourism promotion, job creation, and revenue generation,” the report said, citing a press release from the Council of Ministers.

It calls for strict casino sector management and measures to protect against money laundering and terrorism financing.

The report gave little information on the details of the bill, except to confirm that locals will not be permitted to gamble and there will be no further licenses issued within 200km of the capital, where NagaCorp has a monopoly.

The report cited government spokesman Phay Siphan as saying that money laundering and terrorism financing concerns are addressed through cooperation with relevant casino partners.

The gambling law has been in the works for nine years.

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