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Compliance Updates

Swiss Federal Council Grants Licence for Online Casino Luzern

George Miller

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Swiss Federal Council Grants Licence for Online Casino Luzern
Photo Source: luzern.com
Reading Time: 2 minutes

 

This summer, Grand Casino Luzern is going online. The Swiss Federal Council has given the green light, issuing the licence for the Online Casino Luzern. With mycasino, the classic casino experience meets the new online world in a unique way. The online casino from Lucerne offers Switzerland an attractive experience with high protection for players.

 

The new Gambling Act has legalised online gambling in Switzerland. It enables responsible Swiss casinos to establish and operate their own online casinos. In recent years, Grand Casino Luzern has been preparing intensively for its entry into the online business with its dedicated brand, mycasino.ch. It stands for innovative, safe gambling from Switzerland, for Switzerland.

Online casino for all of Switzerland

The positive decision of the Federal Council was met with huge excitement in Lucerne. According to Casino CEO Wolfgang Bliem, ‘Grand Casino Luzern is one of the first to receive a licence for a Swiss online casino from the Federal Council. We see the online casino market as an additional and important sales channel for the casino, the core business of our company.’

Safe gambling, responsible support for players and reliable handling of data are key pillars of Grand Casino Luzern’s online strategy. The casino has been certified in accordance with the strict standard ISO 27001 for its information security. Grand Casino Luzern has already been held the [email protected] certificate for data protection for ten years.

Future vision: a virtual seat at the roulette table in Lucerne

The online casino mycasino.ch offers a varied, international range of games that are easy to access and tailored to the requirements of Swiss customers. The international range of slot games leaves nothing to be desired. For table games there is a very special innovation in the planning stage – once we receive an operational licence we aim to bring together the casino and the online world in the form of a live roulette table. The game will be transmitted via live stream from Grand Casino Luzern to mycasino.ch. That means you can play live in the casino in the usual way, or online. We have already reserved a place for this new highlight in the prestigious casino building on the Lucerne lake promenade.

CEO Wolfgang Bliem emphasises the close connection between mycasino.ch and players. ‘We want to offer our customers in Switzerland a unique, fair and safe gambling experience. We set high standards for our range of games. All our online games are certified. As a licensed Swiss online casino we guarantee fair conditions and instant payouts for big wins. And we have our nationwide customer service on hand here as well.’

The Grand Casino Luzern Group is an independent Swiss company. Its company Kursaal-Casino AG Luzern has a broad shareholder base with strong links to central Switzerland. The largest single shareholder is the City of Lucerne, which holds an 11% stake.

 

Source: Grand Casino Luzern AG

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Compliance Updates

Complitech hits 10,000 technical compliance requirements with Greece listing

George Miller

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Complitech hits 10,000 technical compliance requirements with Greece listing
Reading Time: < 1 minute

 

Complitech, the gaming industry’s only product and technical compliance database, has hit a major landmark with the listing of its 10,000th requirement, after adding Greece to its selection of jurisdictions.

The addition means Complitech users can now download, sort, analyse and compare more than 10,000 technical compliance requirements from 27 regulated online gaming jurisdictions within seconds.

These requirements are translated into English and kept up to date by a team of compliance experts, with new markets added as they open. As well as Greece, full technical compliance requirements from Germany and the Netherlands will soon be available to Complitech users.

The database has quickly become a must-have tool for suppliers looking to expand their global footprint within regulated markets. On average, Complitech users are able to enter new jurisdictions 60 percent faster than competitors.

Francesco Bianchi, Director of Compliance Operations at Maxima Compliance, said: “It has been a little over six months since we launched Complitech, so it is a fantastic achievement to have already hit such a landmark.

“A huge amount of work has been put in by the team to ensure that compliance managers and product owners no longer need to spend weeks researching and translating these requirements themselves.

“Complitech not only streamlines and optimises the process of entering new regulated markets, but its powerful gap analysis tools mean it can be used to identify new strategic opportunities for your business.”

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Compliance Updates

Belgium Implements Capacity Limit for Land-based Gaming Venues

Niji Narayan

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Belgium Implements Capacity Limit for Land-based Gaming Venues
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The Belgian government has published a new decree limiting the capacity at land-based gaming venues in the country to a maximum of 40 people as the number of Covid-19 cases increases.

Also, casinos, gambling halls and betting shops must remain closed between 11:30 pm and 6:00 am, and upon arrival, customers must register their details for contact tracing.

The sale of food and drink onsite is prohibited, and customers are also obliged to wear masks, a rule which has been in effect in all public places in Belgium since July.

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Australia

AUSTRAC Launches Formal Investigation into Crown Melbourne Over AML Concerns

Niji Narayan

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AUSTRAC Launches Formal Investigation into Crown Melbourne Over AML Concerns
Reading Time: < 1 minute

 

AUSTRAC, Australia’s financial crime watchdog, has launched a formal investigation into potential infringements of the country’s anti-money laundering laws by Crown Resorts.

In a Monday morning filing with the Australian Securities Exchange, Crown revealed that it had been informed of the investigation by AUSTRAC after the authority’s Regulatory Operations branch identified potential non-compliance by Crown Melbourne of the Anti-Money Laundering and Counter Terrorism Financing Act 2006 and the Anti-Money Laundering and Counter Terrorism Financing Rules 2007.

The potential non-compliance relates to “ongoing customer due diligence, and adopting, maintain and complying with an anti-money laundering/counter terrorism financing program,” Crown said.

It added that the concerns were identified “in the course of a compliance assessment that commenced in September 2019 and focused on Crown Melbourne’s management of customers identified as high risk and politically exposed persons.”

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