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Compliance Updates

Maltese Company Yobetit Welcomed by Swedish Market

George Miller

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Maltese Company Yobetit Welcomed by Swedish Market
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Yobetit recently acquired its Swedish license, providing the Maltese iGaming company with the opportunity to break into the Swedish market – and that’s exactly what they’ve done.

Prior to obtaining the Spelinspektionen Swedish license, Yobetit’s marketing was focused on Maltese players, but now the horizon has widened. Swedish players are flocking to sign up with Yobetit’s betting, lotto and casino platforms, and Yobetit’s player base is already shifting the scales towards its Swedish players.

The Maltese company is growing on the international market, and is looking to become one of Sweden’s biggest sports brands. Yobetit has already been adopted as many of the top Swedish influencer’s favourite sportsbooks.

Yobetit is not only making an impact on betting, but the company is also showing its support in Sweden. Yobetit is sponsoring local and upcoming events such as Swedish Padel Open taking place in June, as a way to give back to sports and local talent.

“Obtaining a license through Lotteriinspektionen opens a lot of opportunities for Yobetit. Our platform is proprietary which allows us to securely and reliably offer betting, lotteries and casino to Swedish players. The competition is harsh, however, I’m very positive that our fresh portal, being mobile first will attract and fulfill the player’s needs for years to come. We are not new in the Swedish market, and understand the needs of both the players and the regulatory body, making it our top priority for the coming months. Our plan is to keep moving forward and accomplish great things as we have done over the past few years.” said CEO Nikolai Livori

“ Swedish players are welcoming Yobetit with open arms, and we couldn’t be happier to provide our service to them. Yobetit continues to grow internationally and we hope to keep up the momentum.” Michael H

Head to Yobetit.com to find out more.

 

Yobetit.com is licensed by Spelinspektionen (Swedish Gambling Authority). License number 18Li12831 issued on 11th April 2019. Yobetit.com Ltd is duly registered on the 12/10/2012 under the laws of Malta with registration number C57860, having a registered address at Mdina Road, Haz-Zebbug, ZBG 9018, Malta, and licensed and regulated by the Malta Gaming Authority (MGA) under the following license: MGA/B2C/227/2012 issued on 1st August 2018.

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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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Compliance Updates

MGA Licenses SoftGamings

George Miller

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MGA Licenses SoftGamings
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SoftGamings is B2B-licensed by the Malta Gaming Authority. 

SoftGamings is proud to announce its latest milestone that comes in the form of the B2B Critical Supply License from the esteemed Malta Gaming Authority. This B2B service license will help SoftGamings to expand the reach of its casino and sports betting solutions further across the Malta Gaming Authority jurisdiction.
Historical Milestone
By obtaining a license from MGA, SoftGamings will undoubtedly not only expand the reach of its software solutions within Malta’s jurisdiction but also lead to even greater cooperation and trust among existing and potential SoftGamings’ partners from all parts of the world.

The Malta Gaming Authority is one of the most popular gaming jurisdictions and licensing bodies in the world that performs thorough inspections and checks before it grants a license to a casino software provider, which only confirms SoftGamings’ dedication to offering secure, fair and reliable casino software solutions.

SoftGamings’ unique platform features thousands of casino slots and table games, as well as a Betradar-powered sportsbook solution which is also expected to be licensed by the MGA, which will now have even more merit among potential clients and become even more prominent in the iGaming industry.

Irina Sazonova, the director of partnerships at SoftGamings, had this to say about the good news from SoftGamings:

“We are delighted and proud to receive the B2B Critical Supply License from the Malta Gaming Authority, as it represents a significant milestone in our company’s history and another confirmation that we are on the right track. With the current presence and insight we have, MGA B2B licence is the recognition of the quality of our services and opens doors to new and long-term partnerships. Our current and future partners can be sure they are dealing with licensed and compliant casino software provider , which will lead to further expansion of our business. With the boost this MGA license is bound to bring to our company, we are bracing for what is hopefully going to be a record year for us.”

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Compliance Updates

New Survey Shows Huge Public Support for Gambling Law Reforms in Northern Ireland

Niji Narayan

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New Survey Shows Huge Public Support for Gambling Law Reforms in Northern Ireland
Reading Time: 2 minutes

 

According to a new poll, the majority of people in Northern Ireland support reforming the country’s gambling laws. The research was carried out by the polling company LucidTalk on behalf of social policy charity CARE NI, which is campaigning for gambling law change.

Northern Ireland’s gambling legislation dates back to 1985 and critics argue it is not in line with the digital age.

According to the Department for Communities’ 2017 research, the north has a problem gambling prevalence rate of 2.3% – more than four times higher than England where it stands at 0.5%. In Scotland, the figure is 0.7% and in Wales 1.1%.

The department held a public consultation last year on the issue, but the final report has not yet been published.

When polling company LucidTalk asked what best described their position, 92% said maximum stakes and prizes online should be regulated by law, with only 8% saying there should be no limit.

Meanwhile, 90% either strongly support (68%) or support (22%) the idea of a mandatory levy for gambling firms, while just 5% were either strongly opposed or opposed to the idea of the levy. There were 1878 responses to the survey.

Public policy officer Mark Baillie described current laws as “hopelessly out of date and belong to a different era where online gambling didn’t exist.”

“Times have changed and the recent lockdown here in Northern Ireland has only increased the pressure on people with gambling addictions.

“The uncomfortable truth is that Northern Ireland has a real problem with gambling related harms and this means it’s all the more urgent to reform our current laws.

“This polling very clearly shows doing so would be hugely popular with the general population with the clear majority supportive on stake and prize limits on online games regulated by law and a mandatory levy on betting firms.

“CARE NI responded to the Department of Communities consultation on problem gambling and we look forward to the results being published soon.

“Our politicians must make this issue a priority and address the exploitation of vulnerable people thanks to a poorly regulated gambling industry.”

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