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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
Reading Time: 2 minutes

 

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.

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

Spain Moves Forward on Gambling Ads Ban

Niji Narayan

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Photo source: casinobeats.com
Reading Time: 1 minute

The PSOE minority government in Spain is going to accept all the recommendations of Ombudsman Francisco Fernández Marugán to ban gambling advertising.

The Ministry of Finance has accepted the Ombudsman’s recommendations. That way, departments would have to enforce new restrictions on the gaming industry. The authorities will soon draft a Royal Decree to establish restrictions on gambling advertising in Spain.

The Ombudsman filed his recommendation with the ministries of Treasury and the Health, Consumer and Welfare. Within the filing, he asked for a complete ban on gambling advertising in Spain.

“kids’ viewing time needs to be clean of gambling ads and no celebrities should be shown advertising gambling,” he said.

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Compliance Updates

Nintendo, Sony and Microsoft to Disclose Loot Boxes Odds

Niji Narayan

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Reading Time: 1 minute

The Entertainment Software Association (ESA) has revealed that the console makers are working on policies that will require disclosure on loot boxes odds. Nintendo, Sony and Microsoft are working on policies that would require a loot boxes disclosure on their systems.

“These required disclosures will also apply to game updates if the update adds new loot box features. The precise timing of this disclosure requirement is still being worked out, but the console makers are targeting 2020 for the implementation of the policy,” Michael Warnecke, ESA chief counsel of tech policy said.

The list of member companies that committed to implementing the changes include: Activision Blizzard, Bandai Namco Entertainment, Bethesda, Bungie, Electronic Arts, Microsoft, Nintendo, Sony Interactive Entertainment, Take-Two Interactive, Ubisoft, Warner Bros. Interactive Entertainment and Wizards of the Coast.

“I’m happy to announce this morning that Microsoft, Nintendo, and Sony indicated to ESA a commitment to new platform policies with respect to the use of paid loot boxes in games developed for their platform. Specifically, this would apply to new games and game updates that add loot box features. And it would require the disclosure of the relative rarity or probabilities of obtaining randomised virtual items in games that are available on their platforms,” Warnecke said.

“The major console makers are committing to new platform policies that will require paid loot boxes in games developed for their platforms to disclose information on the relative rarity or probability of obtaining randomised virtual items,” Warnecke added.

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Compliance Updates

Green Jade Games Secures Malta Licence

Niji Narayan

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Green Jade Games Secures Malta Licence
Reading Time: 1 minute

 

Green Jade Games has secured a supplier licence from the Malta Gaming Authority (MGA). The licence will allow Green Jade Games to offer its online casino games to the operators in regulated markets across Europe and further afield. The MGA licence comes just a few weeks after Green Jade Games secured a supplier licence from UK Gambling Commission.

Green Jade’s games combine gambling and skills to create games that allow players to determine the course of the narrative and the outcome of the game. The deeply entertaining games of Green Jade allow players to improve their skills at deploying game features while also having the opportunity to win potentially large cash prizes from relatively small stakes.

“Obtaining our licence from the Malta Gaming Authority is the next step in our plans to provide our games to all of the major online casino operators in regulated and regulating markets around the world. Our games are truly unique and genuinely innovative and now that we hold an MGA permit we can offer them to more operators, and players, than ever before. It also proves that we are meeting the highest possible standards when it comes to responsible gambling and protecting players,” Benedict McDonagh, CEO of Green Jade Games said.

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