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Cyprus National Betting Authority Urges €1 Million Budget for Pushing Responsible Gambling

Niji Narayan

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Cyprus National Betting Authority Urges €1 Million Budget for Pushing Responsible Gambling
Image Source: cyprus-mail.com
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The Cyprus National Betting Authority has urged €1 million budget to create different mechanisms to push responsible gambling in the country. That way they seek to protect people, especially the youngest, exposed to the segment and potential addiction.

Ioanna Fiakkou, Chair of the regulator, has sent data to the parliament to explain the proposal. She explained money will be spent on a strategy to promote responsible gaming in Cyprus. Furthermore, it will deal with cases of gambling addiction once its already too late.

The regulator seeks to create a prevention and intervention centre to provide information and support. It would be specialised and would strengthen existing centres providing services to people experiencing addiction problems.

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

Gambling Operators Gets Opportunity to Register Online Casinos in Belarus

Niji Narayan

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Gambling Operators Gets Opportunity to Register Online Casinos in Belarus
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Belarus has given permission to gambling operators for legally registering an online casino, if appropriate license has been obtained. Legislation currently does not prohibit Belarusians from online gambling on overseas websites. Belarusians also have access to newsletters and information about online casinos.

According to Marina Nevinkaya, the head of gambling department at Belarus’ Ministry of Taxes and Duties, when the transition period ends, restrictions will appear in this field.

“Publishing gambling content aimed at promotion and organising unlicensed online gaming will be illegal beginning with 1 April 2021. Two years after the entry into force of the basic provisions of the decree number 305, access to the websites containing such information, will be limited,” the representative of the Ministry said.

The gambling market of Belarus remains stable. According to the recent data, 106 companies hold gambling business, 94 license holders actually operate. There are 391 gambling establishments in Belarus, including 27 casinos, 176 gaming machine halls and 188 betting offices.

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Compliance Updates

Psyonix Disables Loot Boxes of Rocket League in the Netherlands and Belgium

Niji Narayan

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Psyonix Disables Loot Boxes of Rocket League in the Netherlands and Belgium
Image Source: rocketleague.com
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Psyonix, an American video game developer based in San Diego, has disabled loot boxes in its arena soccer racing game Rocket League for players in the Netherlands and Belgium due to government regulations.

The Dutch Games of Chance authority, or Kansspelautoriteit, has investigated several popular games containing loot boxes in 2018 and considered many of these to be illegal. The titles investigated include PUBG, CSGO, FIFA 18, Dota 2, and Rocket League.

When random loot box content is tradable, there is almost always a certain monetary value associated with that content. This is why these countries consider paid loot boxes with random content gambling.

Aside from Rocket League and PlayerUnknown’s Battlegrounds, loot boxes were also disabled in Counter-Strike: Global Offensive and Dota 2 within the same regions in 2018.

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Compliance Updates

UKGC Publishes New Business Plan

Niji Narayan

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UKGC Publishes New Business Plan
Image Source: complianceweek.com
Reading Time: 1 minute

 

The UK Gambling Commission (UKGC) has published its new business plan for 2019–2020. The plan focuses on protecting consumers, raising standards and improving regulatory measures, among other things.

The UKGC said that its five strategic priorities continue to be: protecting the interests of consumers and preventing gambling harm to consumers and the public. The priorities also include raising standards in the gambling market and optimising turns to good causes from lotteries. Furthermore, improving the way it regulates is one of the pillars of the business plan.

Neil McArthur, chief executive of the Gambling Commission, said: “This business plan highlights the projects and milestones we will complete during 2019–2020 as we move into the second year of our Strategy 2018–2021. Our overriding objective is to make gambling fairer and safer for consumers, in what is a constantly developing market. I am proud of the progress we have made with our ambitious strategy. But I am also clear that there is much more to do.”

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