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Compliance Updates

Ukraine’s Gambling Bill Proposes Certain Requirements for iGaming

Niji Narayan

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Ukraine’s Gambling Bill Proposes Certain Requirements for iGaming
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The new gambling bill of Ukraine has proposed certain requirements for the operations of online casinos, bookmakers and poker rooms. These types of activities will require a special license.

The bill allows offering gambling via websites and applications on different operating systems. Opertors will need to own or have the right to use one or more domain names in the .UA domain zone.

Online operators must provide full information about the name, location, identification data, licenses, the procedure for paying out winnings, as well as a warning about the ban on the game for people under 18 years of age.

The bill prescribes a special procedure for identifying players on the Internet. Users will register using a scanned copy of a passport or other identification document or using MobileID or BankID technologies. The company must determine the age of the user before the first payout of the winning.

A player can add funds to his online account in several ways, including cash and non-cash money, electronic funds and so on. Payouts of winnings and return of funds will be made in non-cash form through gambling operator’s systems.

Online casino systems must be connected to online monitoring. This monitoring will control the flow of funds, their flow to the budget, as well as prevent money laundering.

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Compliance Updates

Buenos Aires Regulator Outlines Plans to Launch Online Gambling in Q4 2020

Niji Narayan

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Buenos Aires Regulator Outlines Plans to Launch Online Gambling in Q4 2020
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Buenos Aires’ gambling regulator Loteria de la Ciudad (LOTBA) has published the details of its plans to start screening online sports betting and casino operators who want to offer services in the city. The regulator is planning to launch online gambling by the final quarter of this year.

LOTBA is proposing to authorise an unlimited number of “Online Gaming Agencies” that would be allowed to offer online sports betting, virtual betting, non-sports betting, slots, roulette, blackjack, punto banco baccarat, poker and lottery games. While there will be no competitive tender, there are a few hurdles operators will need to clear.

Companies interested in becoming an “Agency” would need to pay an upfront fee of US$30k, prove that they have been in business for two years, have annual revenue of ARS100m (US$1.6m) and demonstrate a net worth of $25m.

Licenses would be valid for an initial five-year term, extendable for an additional five years. Agencies would pay an annual license fee of $100k and 10% tax on their online revenue.

They also have to submit a Guarantee of Compliance in the sum of $2m, although this will be reduced to $1m following accreditation of the final technical certification report.

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Compliance Updates

Dutch Regulator to Conduct Meetings for Gaming Halls Next Month

Niji Narayan

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Dutch Regulator to Conduct Meetings for Gaming Halls Next Month
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Dutch gambling regulator Kansspelautoriteit (KSA) is going to organise four meetings in March for gaming halls about the Central Register Exclusion of Games (Cruks). The meetings will take place on March 17, 19, 23 and 30.

With the approval of the Remote Gambling Act, gambling halls are legally obliged to consult the registry upon the arrival of a customer. If a player is registered, access must be denied.

The law is likely to enter into force on January 1, 2021. An important part of the new law is that extra requirements are imposed on providers of the riskiest games of chance to prevent gambling addiction. Being connected to Cruks, once the Koa Act has entered into force, is one of them.

The meetings in March are intended for the people within the gaming halls and gaming casinos in charge of the access policy.

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Compliance Updates

Andorra’s Gaming Regulator Rejects Casino License Award to Jocs SA

Niji Narayan

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Andorra’s Gaming Regulator Rejects Casino License Award to Jocs SA
Photo Source: giespanol.com
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Andorra’s gaming regulator Consell Regulador Andorrà del Joc (CRAJ) has once again rejected the plans to award its sole casino license to Jocs SA, a firm primarily involved in managing bingo halls. Jocs had pledged to build a €15m, 4000-square-meter casino in the capital Andorra la Vella.

One year ago, the CRAJ withdrew Jocs’ casino concession based on “deficiencies” in Jocs’ paperwork, a decision that Jocs chose to appeal last June. However, the CRAJ once again concluded that there were “significant differences between the initial commitments and the final project.”

Jocs announced that it will appeal to this latest rejection within the prescribed 30-day window.

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