Compliance Updates

Swedish Regulator Imposes Fine on Betway and Mandalorian Technologies

Published

5 months ago

May 17, 2019

Swedish Regulator Imposes Fine on Betway and Mandalorian Technologies

Reading Time: 1 minute

Spelinspektionen, the Swedish regulator, has imposed fine on Mandalorian Technologies and Betway for violating gambling regulations.

According to the Swedish regulations, license holders are only permitted to offer customers a single bonus, however, an investigation found that customers were continually offered bonuses by Mandalorian and Betway.

Mandalorian and Betway have been handed warning from the regulator and issued with penalty fees of SEK9m (£730k) and SEK5m (£406k) respectively.

“As the Spelinspektionen already had indications at the beginning of the year that some gaming companies did not comply with the legislation, on February 19, the authorities issued a letter to all licensees regarding bonus offers. After the letter, the Gaming Inspectorate noted some compliance from the licensees, but the assessment is that further measures must also be taken to achieve full compliance,” Spelinspektionen stated.

“The main purpose of the new gambling regulation, which came into force on January 1, 2019, is to strengthen consumer protection and reduce the negative effects of gambling. The limitation on bonuses is contained in the law to reduce social and economic damage and problem playing. The Gaming Inspectorate will therefore continue to focus on supervision of this area,” Spelinspektionen continued.

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Niji Narayan

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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Asia

Japan to Launch Casino Commission in January 2020

Published

9 hours ago

October 22, 2019

Niji Narayan

Japan to Launch Casino Commission in January 2020

Photo Source: forbes.com

Reading Time: 1 minute

The Government of Japan is planning to launch the country’s casino management commission on January 7, 2020. The casino management commission will have five members. Their appointments require a confirmation from the country’s parliament and they will serve five-year terms.

The casino management commission is to be in charge of security matters, probity and background checks. The body will oversee integrated resort (IR) operators in that country, as well as devise measures to counter gambling addiction.

Japan is to allow a maximum of three resorts in the first phase of market liberalisation. The national government has yet to announce the full version of its so-called basic policy on IRs. Several prefectural governments and ordinance-designated cities in Japan have already shown interest in hosting an IR.

Compliance Updates

FAS Finds Yandex Guilty of Advertising Gambling Companies

Published

9 hours ago

October 22, 2019

Niji Narayan

FAS Finds Yandex Guilty of Advertising Gambling Companies

Reading Time: 1 minute

Russia’s Federal Antimonopoly Service (FAS) has found Yandex guilty of advertising gambling companies. They are pushing a case which may end up in a €7k fine.

According to FAS, betting ads were showed in Yandex’s searches. That is why it ordered the company to rectify the violation. The body also submitted materials and will open an administrative case.

The FAS is having a Department for Control over Advertising and Unfair Competition to find illegal betting ads in Russia.

Central Europe

Overview of Changes to the Gambling Law in Poland

Published

1 day ago

October 21, 2019

Niji Narayan

Overview of Changes to the Gambling Law in Poland

Photo Source: medicalnewstoday.com

Reading Time: 1 minute

Poland’s Ministry of Finance has informed about an amendment to the regulation regarding lottery devices, gaming devices and slot machines, information security.

The Minister of Finance, Investment and Development has signed an ordinance amending the ordinance on lottery devices, gaming devices and slot machines, securing information regarding the organised lottery and obtaining, calculating and paying out winnings.

Pursuant to the provisions of the Gambling Act, only the minister competent for public finances decides whether playing on a given device is a game on slot machines within the meaning of the Gambling Act.

The opinion of the testing entity is only an attachment to the application for issuing the decision. This opinion must contain information that it serves only to issue a decision by the minister competent for public finance.

Thus, the opinion of the testing entity does not state the gambling or non-gambling nature of a given game and cannot be treated as a settlement in this respect.