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Compliance Updates

Application deadline extends for Greece Casino license

Niji Narayan

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Application deadline extends for Greece Casino license
Photo Source: indietravelpodcast.com
Reading Time: 1 minute

 

The deadline for submitting the license applications for the development of a casino complex, as the part of a larger €8 billion integrated resort, at the site of the former Ellinikon International Airport has been extended by 40 days. The previous deadline was April 22. The new deadline is May 31, 2019.

The Hellenic Gaming Commission opened the license application process in February. The deadline extension is due to pending zoning issues at the Ellinikon site.

Ellinikon International Airport was the international airport of Athens for more than six decades before its closure in 2001. The project for its redevelopment into a luxury integrated resort was part of Greece’s privatisation programme, which the country signed in 2010 under its bailout arrangements.

According to reports, there is an unspecified number of ministerial decisions in relation to the privatisation yet to be made. The ministerial decisions and the environmental impact study could take months before finalised, which could further delay the bidding process for the casino portion of the resort.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Compliance Updates

MGA Cancels the Gaming Licence of ASAP Italia SRL

Niji Narayan

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MGA Cancels the Gaming Licence of ASAP Italia SRL
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The Malta Gaming Authority has cancelled the gaming licence of ASAP Italia SRL. ASAP Italia SRL has thus been directed to proceed with the cancellation process of the authorisation, and to suspend all gaming operations with immediate effect.

In addition, a notice on the Authorised Person’s website is to be displayed informing all players that the Authorisation has been cancelled.

Due to the cancellation of the licence, ASAP Italia SRL is, therefore, not authorised to continue conducting gaming by means of distance communications under an Authority licence.

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Compliance Updates

Global Gaming to Appeal Swedish License Revocation

Niji Narayan

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Global Gaming to Appeal Swedish License Revocation
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Global Gaming is going to appeal Spelinspektionen’s decision to revoke its license in Sweden.

The Swedish gambling regulator has revoked the license of Global Gaming’s subsidiary SafeEnt Ltd, after conducting a thorough review of its operations in Sweden. The regulator’s review detected “serious deficiencies” in its anti-money laundering, know your customer, and social responsibility policies. The company was also found to have breached Sweden’s rules for bonus offers.

Tobias Fagerlund, the acting CEO of Global Gaming 555 AB, said that Spelinspektionen’s decision was odd as his company and its legal advisers were under impression that all obligations it had as a licensee were complied with.

The gaming authority said in a statement that SafeEnt lacked effective anti-money laundering and terrorist financing tools and that the review conducted showed “serious and systematic shortcomings” in the operator’s risk assessment and KYC.

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Australia

Have Your Say On NSW Gaming Machine And Casino Regulations

George Miller

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Have Your Say On NSW Gaming Machine And Casino Regulations
Photo Source: abc.net.au
Reading Time: 1 minute

 

The NSW Government is inviting community and industry feedback on a number of minor administrative changes being proposed as part of a mandatory remake of the Gaming Machines Regulation 2010 and Casino Control Regulation 2009, which are due to expire on 1 September.

The proposals seek to align the regulations with modern practice by updating descriptions of compliance processes and general terminology.

There are also plans to update harm minimisation measures to help prevent and reduce gambling harms.

Casinos and venues with gaming machines need clear and effective regulations to ensure they operate with the highest standards of integrity and compliance, and practise responsible conduct of gambling.

The proposed regulations and Regulatory Impact Statements explaining their effects, costs and benefits are available on the Liquor & Gaming NSW website.

Feedback is welcome and will be considered before the proposed regulations are finalised.

Submissions close on Wednesday 17 July.  To find out more about the proposed regulations and how to submit your feedback, visit https://www.liquorandgaming.nsw.gov.au/community-and-stakeholders/have-your-say/community-consultations/current-consultations

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