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Compliance Updates

Norwegian Government Introduces Strict Payment Processing Rules

Niji Narayan

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Norwegian Government Introduces Strict Payment Processing Rules
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The Norwegian government has introduced new measures related to payment transactions to prevent gambling operators from offering unauthorised gambling services. The new payment regulation for gambling will restrict gambling operators from evading the authorities.

The government has announced that no payments can be made to illegal gambling operators and neither can one receive any payments from an unauthorised operator. This will make it difficult for illegal operators to offer services as currently, the unlicensed operators provide gambling products and services and other companies facilitate their payment transactions.

“The purpose of the changes is to streamline an existing ban on the payment of money games without Norwegian permission. Banks have stated that they want it to be clearer what the authorities expect from their side to follow up the payment intermediation ban. We have therefore specified which specific obligations the banks have to comply with the prohibition,” Trine Skei Grande, Minister of Culture and Gender Equality said.

“The changes will help make it less attractive to play on foreign gaming sites without Norwegian permission. The unregulated players offer games with a higher risk of gambling addiction and are not subject to the same accountability measures as the gaming offer of Norsk Tipping and Norsk Rikstoto,” the minister added.

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Compliance Updates

Buenos Aires Regulator Outlines Plans to Launch Online Gambling in Q4 2020

Niji Narayan

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Buenos Aires Regulator Outlines Plans to Launch Online Gambling in Q4 2020
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Buenos Aires’ gambling regulator Loteria de la Ciudad (LOTBA) has published the details of its plans to start screening online sports betting and casino operators who want to offer services in the city. The regulator is planning to launch online gambling by the final quarter of this year.

LOTBA is proposing to authorise an unlimited number of “Online Gaming Agencies” that would be allowed to offer online sports betting, virtual betting, non-sports betting, slots, roulette, blackjack, punto banco baccarat, poker and lottery games. While there will be no competitive tender, there are a few hurdles operators will need to clear.

Companies interested in becoming an “Agency” would need to pay an upfront fee of US$30k, prove that they have been in business for two years, have annual revenue of ARS100m (US$1.6m) and demonstrate a net worth of $25m.

Licenses would be valid for an initial five-year term, extendable for an additional five years. Agencies would pay an annual license fee of $100k and 10% tax on their online revenue.

They also have to submit a Guarantee of Compliance in the sum of $2m, although this will be reduced to $1m following accreditation of the final technical certification report.

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Compliance Updates

Dutch Regulator to Conduct Meetings for Gaming Halls Next Month

Niji Narayan

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Dutch Regulator to Conduct Meetings for Gaming Halls Next Month
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Dutch gambling regulator Kansspelautoriteit (KSA) is going to organise four meetings in March for gaming halls about the Central Register Exclusion of Games (Cruks). The meetings will take place on March 17, 19, 23 and 30.

With the approval of the Remote Gambling Act, gambling halls are legally obliged to consult the registry upon the arrival of a customer. If a player is registered, access must be denied.

The law is likely to enter into force on January 1, 2021. An important part of the new law is that extra requirements are imposed on providers of the riskiest games of chance to prevent gambling addiction. Being connected to Cruks, once the Koa Act has entered into force, is one of them.

The meetings in March are intended for the people within the gaming halls and gaming casinos in charge of the access policy.

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Compliance Updates

Andorra’s Gaming Regulator Rejects Casino License Award to Jocs SA

Niji Narayan

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Andorra’s Gaming Regulator Rejects Casino License Award to Jocs SA
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Andorra’s gaming regulator Consell Regulador Andorrà del Joc (CRAJ) has once again rejected the plans to award its sole casino license to Jocs SA, a firm primarily involved in managing bingo halls. Jocs had pledged to build a €15m, 4000-square-meter casino in the capital Andorra la Vella.

One year ago, the CRAJ withdrew Jocs’ casino concession based on “deficiencies” in Jocs’ paperwork, a decision that Jocs chose to appeal last June. However, the CRAJ once again concluded that there were “significant differences between the initial commitments and the final project.”

Jocs announced that it will appeal to this latest rejection within the prescribed 30-day window.

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