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Red Tiger awarded Gibraltar licence

George Miller

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Red Tiger awarded Gibraltar licence
Reading Time: 1 minute

 

Leading slots supplier Red Tiger has strengthened its ability to distribute its games to the world’s leading online brands by opening a new office and acquiring a licence in Gibraltar.

The B2B casino licence allows the company to provide its comprehensive portfolio to operators in one of gaming’s most significant jurisdictions.

Gavin Hamilton, CEO at Red Tiger, said the new endorsement was in line with the company’s strategy to continue entering regulated markets and expand its footprint in existing ones.

He added: “We’re delighted to have been given the seal of approval by the Gibraltar regulator.   Obtaining a licence and establishing a presence in Gibraltar is a logical progression for us as our business in Gibraltar continues to go from strength to strength, with big operators like BetVictor, Addison Global, and 888 already added to our long client list there this year.”.

“This continues the great momentum that Red Tiger has gathered during the course of the last 12 months and follows the award of similar licences in Malta and Alderney.”

Red Tiger, whose games also went live in Sweden, Denmark, and Italy earlier this year, are integrated with a host of top tier casinos around the world.

 

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Compliance Updates

NH Lawmakers Pass Sports Betting Bill

Niji Narayan

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NH Lawmakers Pass Sports Betting Bill
Photo Source: sunherald.com
Reading Time: 1 minute

 

The New Hampshire legislature has passed the sports betting bill and heads it to the desk of Republican Gov. Chris Sununu, who has already expressed his support for the bill.

The Senate has made three amendments to the bill. The amendments made it clear that multiple online sports betting operators will be permitted in the space, but will be capped at five. It also capped the retail operators at 10.

The bill creates a subdivision of Sports Wagering within the New Hampshire Lottery Commission, which will act as the regulatory body for the industry.

The bill allows anyone over the age of 18 to wager on professional and collegiate sporting events. Gamblers will not be allowed to wager on New Hampshire colleges or collegiate sporting events in the state. It will not provide the leagues with an integrity fee and does not require operators to use official league data.

It is estimated that the industry will generate $7.5 million in tax revenue for the 2021 fiscal year and $13.5 million two years later.

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Compliance Updates

MGA Cancels the Gaming Licence of Wish Me Luck Ltd

Niji Narayan

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MGA Cancels the Gaming Licence of Wish Me Luck Ltd
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The Malta Gaming Authority has cancelled the gaming licence of Wish Me Luck Ltd.

Wish Me Luck Ltd has thus been directed to proceed with the cancellation process of the authorisation and to suspend all gaming operations with immediate effect.

The Malta Gaming Authority notifies that any websites operated by Wish Me Luck Ltd or associated with Wish Me Luck Ltd and which make reference to the Authority or the above-quoted licence is not approved to be operational by the Authority.

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Compliance Updates

EGBA Brings Case Against Online Payment Blockings In Norway

George Miller

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EGBA Brings Case Against Online Payment Blockings In Norway
Reading Time: 2 minutes

 

This week the European Gaming and Betting Association (EGBA), along with Entercash payments processor, brought a case against the Norwegian Ministry of Culture in Oslo District Court over the Norwegian government’s policy of seeking to block online gambling payments.

EGBA believes payment blocking infringes on European Union law and the freedom of payment processors to do business across the European Economic Area (EEA).

Instead of enforcing restrictive payment blocking measures to protect the revenues of the state monopoly and fend off outside competition from EU-licensed operators, EGBA urges the Norwegian government to undertake a more fundamental review of how the country regulates online gambling.

The adoption of a multi-licensing regime – like in the vast majority of EEA countries, including those with existing state-owned monopolies – would improve the functioning of Norway’s online gambling market and bring with it several other benefits.

Online gambling is a consumer-driven market – but monopolies naturally restrict consumer choice. This lack of choice available locally might lead some Norwegian players to search elsewhere and play on gambling websites based outside of Norway – which neither apply Norwegian laws nor pay taxes in Norway.

The introduction of a multi-licensing regime would enable a greater variety of products, brands and competition on the Norwegian market to meet existing consumer demand. This would make the local market more attractive to Norwegian players and encourage more of them to play on websites which are licensed and regulated in Norway – and not on websites based outside it.

This is important because it would ensure more Norwegian players are protected by Norwegian laws when they play online and generate greater tax revenues for the state from local gambling activity.

“In today’s digital age it is virtually impossible to enforce national borders on the internet but that’s what the Norwegian authorities are trying to do by introducing payment blockings for online betting.

Rather than being a tool to benefit consumers, such restrictive measures are aimed at protecting the revenues of the state-owned monopoly by cutting off outside competition from reputable EU-licensed operators.

This is not only in breach of the EU’s internal market principles but out of step with the reality of a consumer-driven betting market, where players will inevitably search around the internet for value and choice in the games they play.

This reality is why we’re seeing national gambling monopolies across Europe slowly being replaced by multi-licensing regimes which facilitate better consumer choice and enable better functioning national markets. Norway is one of only two EEA countries which do not have a licensing regime yet – but it is inevitable they will have to confront this decision sooner or later.

The introduction of a multi-licensing regime would be a win-win: it would encourage more effective channelling which would benefit player protection, more effective local control of gambling activity and increased tax revenue for the Norwegian state.” – Maarten Haijer, Secretary General, EGBA.

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