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Compliance Updates

Sportech Venues Secures Exclusive Off-Track Betting License Protections

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Reschedule of Sport Events Impacts Sportech Trading
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Sportech Venues, Inc., a division of Sportech PLC, announced that the Connecticut State Budget signed by Governor Lamont on June 26, 2019 included legislation that clarifies and strengthens Sportech’s exclusive license to conduct off-track pari-mutuel betting in the State of Connecticut.

Sportech Venues, Inc. holds the exclusive license to offer off-track betting in the State of Connecticut and does so through its 15 venues and online betting services.

This budget legislation closes a loophole and thus legally prohibits unlicensed online operators from taking wagers from Connecticut residents.  This law becomes effective as of 1 October 2019.

Ted Taylor, President of Sportech Venues, Inc., said, “Sportech have invested heavily in our Connecticut business on the basis of our exclusive license to offer off-track betting there. We are pleased that the State of Connecticut recognized Sportech’s exclusive license with this legislation to close a loophole that deprived Sportech of legitimate revenues but also, by virtue of uncollected pari-mutuel taxes, deprived the State of Connecticut of tax proceeds. This was a good result for both Sportech and for the people of the State of Connecticut.”

 

About Sportech Venues, Inc.
Sportech Venues, Inc., a division of Sportech PLC, holds the exclusive in perpetuity license to conduct pari-mutuel wagering in the State of Connecticut.  The company operates 16 wagering venues and sports bars under the brands Winners and Bobby V’s Restaurant & Sports Bar.  The company is also Connecticut’s exclusive home for legal online betting on racing, offering secure online and mobile account wagering at www.MyWinners.com.  A portion of every dollar wagered with Winners goes to the Connecticut General Fund, to local municipal tax funds and to funds for responsible gaming.

Sportech PLC is the international betting technology business delivering services and solutions to gaming companies, sports teams, racetracks, casinos and lottery clients across 37 countries in addition to owning and operating sports gaming venues in ConnecticutUnited States, under exclusive licenses. For more information about Sportech PLC, visit www.sportechplc.com.

 

Source: Sportech Venues, Inc.

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Compliance Updates

IAGR confirms new Board members

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IAGR confirms new Board members
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The International Association of Gaming Regulators (IAGR) has announced the appointment of four new trustees to its Board, each bringing unique expertise and leadership to strengthen IAGR’s global regulatory efforts:

  • Anders Dorph, Danish Gambling Authority (Europe)
  • Peter Kesitilwe Emolemo, Gambling Authority of Botswana (Africa)
  • Kevin Mullally, General Commercial Gaming Regulatory Authority (Asia/Oceania)
  • Louis Rogacki, New Jersey Division of Gaming Enforcement (North America)

IAGR President Ben Haden said, ‘I’m delighted to welcome our four new trustees to the IAGR Board. Their diverse expertise and leadership across different jurisdictions will bring fresh perspectives to our work, further strengthening our global approach to gaming regulation.

‘I look forward to collaborating with Peter, Louis, Kevin and Anders as we continue to foster innovation and drive forward effective, responsible regulation for the benefit of the global gaming community.

‘We also extend a big thank you to Trude Høgseth Felde and Mabutho Zwane for their dedicated service as they complete their terms on the Board, and I’m pleased to announce that Jason Lane will continue for another term as a Trustee.’

As a leading forum for gaming regulators worldwide, IAGR enables members to meet, share information, discuss legislative developments, exchange views and learn best practices in gaming regulation.

In recent news, IAGR has also confirmed that its 2025 annual conference will be held in Toronto, Canada, from 20 to 23 October 2025, with registrations opening in early 2025.

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Compliance Updates

MGA Issues First ESG Code Approval Seals to Licensees

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The Malta Gaming Authority (MGA) has awarded its first-ever ESG (Environmental, Social and Governance) Code Approval Seals to licensees in the online gaming sector, marking a milestone in the Authority’s commitment to promoting responsible and sustainable industry practices.

This initiative follows the launch of the voluntary ESG Code of Good Practice last year, which invited licensees to submit their ESG disclosure returns. The Code, which covers 19 topics categorised under Environmental, Social and Governance pillars, offers a strategic roadmap for online gaming companies to streamline their reporting efforts.

Following the first annual reporting cycle, 14 gaming operators have been awarded the ESG Code Approval Seal. The Code supports two levels of reporting: Tier 1, which establishes foundational ESG standards, and Tier 2, which represents a more aspirational approach.

Seals are valid for one year, with flexibility for renewal in the subsequent reporting period, allowing operators to advance or adapt their reporting tier year by year.

“We believe this initiative will significantly enhance the industry’s reputation and sustainability credentials,” MGA CEO Charles Mizzi said.

“By integrating ESG considerations into their operations, gaming companies not only contribute to the wellbeing of society and the environment but also strengthen the trust and confidence that consumers, investors, and regulators have in the industry. This initiative sends a clear message: sustainability, in the broadest sense of the word, is integral to the future of the gaming sector.”

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Compliance Updates

Turkish Football Federation to Penalise Clubs Promoting Illegal Betting

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The Turkish Football Federation (TFF) has introduced new regulations to crack down on illegal betting advertisements in professional football.

According to the TFF, clubs found violating the new rules will face fines and, in case of repeated offenses, the deduction of points.

Under the updated guidelines, any club in the Turkish Super League involved in unauthorised betting promotions will face a tiered penalty system.

The first violation will result in a fine of 2 million Turkish Liras (around $58,000), and the second offense will incur a 5 million lira fine and a third violation will see the fine increased to 10 million liras. For subsequent breaches, clubs will be fined 10 million liras for each offense, along with a three-point deduction from their league standings.

“It is forbidden to promote or advertise betting organizations not licensed by competent authorities. This includes any media, billboards and other equipment used within stadium,” the TFF stated.

The TFF emphasised that the ban also applies to entities affiliated with these betting organisations, including those involved in promoting and advertising activities in a way that suggests endorsement of illegal betting.

The global scale of the illegal betting market is staggering, with the United Nations Office on Drugs and Crime estimating its worth at $1.8 trillion. In Türkiye alone, the sector is projected to exceed 100 billion liras, according to the Financial Crimes Investigation Board.

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