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Compliance Updates

Playson fully compliant for Swedish market

George Miller

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Playson fully compliant for Swedish market
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Casino software developer Playson, has demonstrated its commitment to the regulated market of Sweden with its gaming content now fully compliant and certified.

Playson has been certifying its most popular games, such as Book of Gold: Double Chance, Wild Warriors, Rise of Egypt, as well as the top performing titles from the Timeless Fruit Slots series to be available for the operators, since the establishment of regulated gambling in Sweden.

With its games already proving popular in the territory, Playson has now successfully completed a security audit following a rigorous testing process across its engineering, integration and product departments.

As a result, the slot developer now complies with the requirements set out by the Gambling Authority (Spelinspektionen) in Chapter 4, Chapter 5 and Chapter 6 of LIFS 2018:8.

This latest approval showcases the supplier’s robust approach to compliance and its long-term commitment to operating in regulated markets.

Liubomyr Bedratiuk, Compliance Manager at Playson, said: “Sweden is an important market for us and to have our offering made fully compliant is an important move for the company.

“As an agile provider, we have a strong infrastructure in place that can react quickly to regulatory changes. We are fully committed to working in regulated markets and look forward to consolidating our presence in Sweden over the coming months.”

 

 

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Compliance Updates

Michigan Sports Betting Legislation to be Ready by Super Bowl

Niji Narayan

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Michigan Sports Betting Legislation to be Ready by Super Bowl
Photo Source: engadget.com
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Michigan State Rep. Brandt Iden, R-Kalamazoo, an active force behind the drive to legalize sports betting in the state following the U.S. Supreme Court order, has said he aims to complete the legalities by the Super Bowl. He said: “My goal is to have this up and running by the Super Bowl. Casinos are moving forward because they know it’s going to come to fruition at some point. If we don’t do this, we will continue to lose consumers to other states.”

Thirteen states and the District of Columbia have approved sports betting in their states since the court order. Michigan lawmakers are following suit by resurrecting an old plan.

Even though the bills had widespread support in the Legislature, they were vetoed by former Gov. Rick Snyder, who opposed the expansion of gambling in the state and feared a loss of revenue for the state lottery, from which revenues are funneled to schools.

Iden is hoping for a different outcome with a new governor in office.

The bill calls for an 8% tax on sports betting, which would generate between $8.7 million to $11.2 million in tax revenues. That’s based on a sport betting market in Michigan, both in the casinos and online, of up to $225 million.

The bill comes as the U.S. Supreme Court paved the way for legalized sports betting across the nation last year. The justices ruled that a 25-year-old federal law that has effectively prohibited sports betting outside Nevada is unconstitutional. The ruling set the stage for other states to expand legalized gambling as a source of government revenue.

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Compliance Updates

UKGC: £1.8m fine for Silverbond Enterprises

George Miller

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UKGC: £1.8m fine for Silverbond Enterprises
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A land-based casino has received a £1.8m fine, an operator licence warning and had additional conditions added to its licence for social responsibility and money laundering failings.

Silverbond Enterprises Limited received the penalties following a Gambling Commission investigation into its Park Lane Club in Mayfair.

Social responsibility failings included not recognising the indicators of potential problem gambling such as a customer displaying violent behaviour which included threatening staff and damaging of property, a customer asking for his winnings to be transferred to his personal bank account to prevent him playing further, and a customer of the casino asking to increase the maximum amount that could be deposited by cheque.

Money laundering failings included the operator’s compliance procedures not detailing how anti-money laundering policies were to be implemented and failing to carry out enhanced due diligence on 61 customers.

Two personal management licence holders at Park Lane Club have also received formal warnings and informed they must improve their record on protecting players and preventing money laundering.

Read the Silverbond Decision Notice here for more information.

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Compliance Updates

Norsk Tipping Issues Warning on Local Polls Betting

Niji Narayan

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Norsk Tipping Issues Warning on Local Polls Betting
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Norsk Tipping, the state-owned gambling operator in Norway, has warned against betting on the results of the country’s local elections. The company argues that it encourages manipulation of the polls.

Following a warning from the country’s gambling regulator Lotteri-og stiftelsestilsynet (Lottstift) regarding press coverage of odds offered by offshore operators, Norsk Tipping stated it would not provide markets on the municipal elections.

Norwegians across the country’s 11 municipalities are going to the polls today (9 November) to elect representatives to the country’s municipal and county councils. These bodies are responsible for education, public transport, health and elderly care and the collection of certain taxes in each jurisdiction.

Norsk Tipping claimed that with due to certain municipalities and counties being sparsely populated, the chance to win money based on certain candidates winning could lead to tactical voting or corruption.

“It would be possible to [offer odds on the elections], but there are many good reasons not to,” the operator’s director of communications Tonje Sagstuen explained. “The most important thing is that if money is at stake on the outcome of local elections, it can affect both the election and its result in a number of ways.

“It could affect how you vote yourself [and] it allows for […] manipulation,” Sagstuen said. “In other words, gambling can affect, directly or indirectly, who gets into power in your municipality.”

 

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