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Compliance Updates

EvenBet primed for global expansion with GLI certification

George Miller

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EvenBet primed for global expansion with GLI certification
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Key approval follows enhancements made to market-leading poker platform

Leading online gaming software developer EvenBet Gaming has received certification from the Gaming Laboratories International (GLI) for its newly enhanced RNG poker platform, paving the way for the company to extend its global reach.

The supplier has been granted the certification for its leading poker solution, which has been improved to offer a faster and more secure experience.

Following the integration of new software, the product has been retooled through the use of sophisticated and innovative algorithms to guarantee fair play and trust between operators and their players.

Approval from GLI allows EvenBet to confidently enter new markets as part of its global expansion strategy, with moves into Spain and Latin America already firmly in its sights.

EvenBet CEO, Dmitry Starostenkov, said: “GLI certification is an important milestone for the company and will allow us to bring our world-leading poker solution to even more players across the globe.

“We’re constantly evolving our poker platform to deliver the best user experience, and utilising this new software brings even greater sophistication to our offering.”

EvenBet delegates will be on site at this week’s CasinoBeats / Betting on Sports summit at Olympia London. Starostenkov will also be leading a panel on poker’s renaissance (2pm Thursday, Conference Room 6) debating the merits alongside fellow CEO panellists, and reframing the future for this comeback vertical, whose varied digital content and social components are second to none.

Compliance Updates

Stars Group and Flutter Entertainment Combo Gets UK CMA Clearance

Niji Narayan

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The Stars Group Receives UK Competition & Markets Authority Clearance for its Combination With Flutter Entertainment
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The UK Competition and Markets Authority (CMA) has unconditionally cleared the combination of The Stars Group with Flutter Entertainment following CMA’s Phase 1 review under the Enterprise Act 2002.

The Stars Group and Flutter had signed a contract that allows an all-share acquisition of The Stars Group by Flutter pursuant to a plan of arrangement under the Business Corporations Act.

The Stars Group and Flutter continue to work carefully for completing the acquisition, provided the contract gets approval from a small number of other regulatory bodies and certain approvals by each of Flutter’s and The Stars Group’s shareholders.

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Compliance Updates

Red Rake Gaming continues its regulated market focus with Belarus

George Miller

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Red Rake Gaming continues its regulated market focus with Belarus
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Player-focused casino games developer Red Rake Gaming, based in Spain and Malta, is delighted to announce its newest regulated market, Belarus. Red Rake Gaming made the move due to the demand from its clients and the response of their game content in the region.

Belarus introduced regulations in 2019 with operators required to obtain the relevant licenses ahead of a potential closure for non-regulated operators scheduled to take affect from 1st April 2021, 2 years after it introduced the licensing framework.

A selection of the top performing games will be made available to the Belarus licensed operators which include its records breaking Super12Stars – the non-stop, action packed slot which combines feature games and bonus rounds from all its predecessors in the Super series of games, all of which are firm favourites in the region. Additional titles from the diverse portfolio include Million 7 – giving players a million ways to win, The Asp of Cleopatra, Ryan O’Bryan and Mysteries of Egypt, to mention but a few.

Delivering into regulated markets is at the heart of Red Rake Gaming’s growth strategy, and our latest market entry represents a superb opportunity for the company to further its reach in Belarus.

Nick Barr, Managing Director for Red Rake Malta, commented: “We are continuing our commitment to driving our regulated market strategy and Belarus is the first new market for 2020, with more markets in the pipeline. It is important to Red Rake Gaming that we continue to support our clients in new markets strategies. Our games have been notably well received in the region, and we are looking forward to continuing to grow with our clients and delivering the finest games to the Belarusian players.”

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Compliance Updates

Gambling Compliance tracker reports record breaking quarter for regulators

George Miller

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Gambling Compliance tracker reports record breaking quarter for regulators
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Online gambling regulators were busy in the first quarter of 2020, issuing a total of in excess of £25m in fines to just five online gambling operators between January and March.

This is a huge increase over penalties issued in previous years. Online gambling compliance tracker GamblingIndustryFines.com tracked a total of over £16m in fines doled out to iGaming operators for the whole of 2019.

The first fine of the year was issued in January by the Malta Gaming Authority – a £2M fine for Blackrock Media for “servicing unauthorized transactions”.

GVC Australia was up next on Valentine’s day – receiving a fine for £106k after two GVC brands, Ladbrokes and Neds – were found guilty of offering betting bonuses to people who opened new betting accounts – contrary to Australian law.

The same month, Mr Green was on the receiving end of a £3M fine from the UK Gambling Commission for systemic failings in its measures to stop money laundering and problem gambling.

The UKGC issued Betway with a record £11.6m fine in March as a settlement for accepting stolen money from high spending “VIP” customers, some of whom were displaying clear signs of gambling addiction.

The final regulator fine of the first quarter went to Kindred Group when Spooniker Ltd, a wholly owned subsidiary of Kindred Group received a warning and a sanction fee in the sum of SEK 100 million (USD 9,5m/£8.5m) by the Swedish Gambling Authority (SGA) for offering customers financial incentives which are in breach of the new gambling legislation.

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