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Compliance Updates

Swedish Regulator Imposes Fine on Betway and Mandalorian Technologies

Niji Narayan

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Swedish Regulator Imposes Fine on Betway and Mandalorian Technologies
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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.

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

Victory for Lottery in Pennsylvania Casinos’ Gambling Lawsuit

Niji Narayan

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Victory for Lottery in Pennsylvania Casinos’ Gambling Lawsuit
Photo Source: post-gazette.com
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Pennsylvania casinos have lost a bid to close down online lottery games that they say are too much like casino gambling, just days before the state’s first casinos launch their own online gambling portals.

The decision of Commonwealth Court is a victory for the state lottery, although the casino owners’ 9-month-old lawsuit will continue.

Lottery officials say the games are in accordance with the 2017 state law that authorised them, but the casinos argue that some online lottery games violate it because they simulate slot machines and casino-style gambling.

The state regulators will allow Parx Casino and Penn Nation’s Hollywood Casino to launch their online gambling portals to patrons statewide as part of a three-day test.

New Jersey, Delaware and Nevada are the only other states that allow online casino gambling.

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Compliance Updates

SYNOT Games Secures Portuguese License

Niji Narayan

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SYNOT Games Secures Portuguese License
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SYNOT Games, an established content supplier licensed by the Malta Gaming Authority, has acquired the certification to enter the Portuguese iGaming market.

The regulatory news comes after recent launches in Sweden and Denmark and outlines further expansion to south European markets expected in the upcoming weeks and months.

“Portugal is another significant destination for SYNOT Games and marks our entry to the Iberian Peninsula. The certification underlines our commitment to further focus on expansion in regulated markets. We believe that our diverse portfolio will prove to be highly popular among Portuguese players,” Ivan Kodaj, CEO at SYNOT Games said.

Portuguese market has gone live in 2017. Last year, revenues in online gaming and betting show significant growth compared to the previous year.

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Compliance Updates

Kansspelautoriteit Proposes New Licensing Rule

Niji Narayan

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Kansspelautoriteit Proposes New Licensing Rule
Image Source: iamexpat.nl
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Kansspelautoriteit (KSA), the gambling regulator in the Netherlands, has announced a new rule that would implement a two year “cooling off” period for potential gambling licensees.

The rule, which is still at the draft stage, requires all operators applying for a KSA licence to have refrained from providing online gambling products to consumers in the Netherlands for a period of two years.

Before the passing of Remote Gambling Act 2018, the Netherlands government said that it would be important to avoid offering licenses to gambling operators that had targeted the Dutch market.

As per the new rule, the KSA will apply six tests to establish whether a company had illegally targeted Dutch consumers, as part of its ongoing work to establish the licensing process. It is expected that licensing will begin in July 2020.

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