Compliance Updates

STS Secures UK License

Published

2 months ago

December 13, 2019

Niji Narayan

Photo Source: klook.com

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STS has become the first Polish bookmaker to secure a license in the regulated UK gambling market.

“We are not only the largest Polish bookmaking company but the first domestic company in this industry that operates outside the domestic market. Obtaining a licence in the United Kingdom is the result of a consistently implemented international expansion strategy. We are always looking at other prospective foreign markets,” Mateusz Juroszek, CEO of STS said.

STS is the first Polish bookmaker to start foreign operations, and further international expansion is planned. STS is currently conducting advanced activities aimed at obtaining its own licences in other markets.

STS expanded its business to European markets in February 2019. After years of intensive development, the company now controls almost half of the domestic sector. The bookmaker’s offer is available in the UK, Germany, Iceland, Luxembourg, Slovenia, Andorra, San Marino, Gibraltar, Slovakia, Malta and Latvia.

Compliance Updates

UKGC Suspends Operating Licence of Addison Global

Published

4 hours ago

February 24, 2020

Niji Narayan

UKGC Suspends Operating Licence of Addison Global

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The UK Gambling Commission (UKGC) has suspended the operating licence of Addison Global.

“We have decided to commence a review because we suspect that Addison Global has breached a condition of the licence and is unsuitable to carry on the licensed activities. We consider it appropriate to suspend the licence with immediate effect pending the conclusion of the review,” UKGC said in a statement.

The licence suspension makes it illegal for Addison Global to offer gambling services via its moplay.co.uk website in Britain but does not prevent the operator from returning any outstanding balances to customers.

Compliance Updates

MGA Cancels B2C Gaming Service Licence of Dorobet

Published

5 hours ago

February 24, 2020

Niji Narayan

MGA Cancels B2C Gaming Service Licence of Dorobet

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The Malta Gaming Authority (MGA) has cancelled the B2C gaming service licence of Dorobet.

The MGA ruled that Dorobet breached regulation 9 (1) of the Gaming Compliance and Enforcement Regulations, specifically paragraphs B, C and L.

Paragraph B references failure to comply with an order issued by the MGA, paragraph C relates to a licensee not adhering to regulatory obligations or other applicable laws in Malta and Paragraph L refers to when a licensee has not paid a fee to the MGA.

The MGA also ordered Dorobet to allow players to access their accounts in order to make withdrawals, as well as refund any monies owed to customers. Dorobet may be permitted to launch an appeal against the ruling.

Africa

Betwinner and Bet24Hrs Secure Nigerian Sports Betting Licences

Published

6 hours ago

February 24, 2020

Niji Narayan

Betwinner and Bet24Hrs Secure Nigerian Sports Betting Licences

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Betwinner and Bet24Hrs have secured sports betting licences form the National Lottery Regulatory Commission of Nigeria (NLRC).

Upon receiving the licence, Bet24Hrs managing director Roy Jiang thanked the Commission for its help throughout the process and pledged to contribute to the process and growth of Nigeria’s regulated gambling industry.

Olatunji Idowu, managing director of Betwinner, said that the operator was dedicated to being a trusted partner of the regulator. He said he was encouraged with the Commission’s ongoing efforts to clean up the industry and ensure all stakeholders supported good causes.

Lanre Gbajabiamila, director of NLRC, called on all operators currently serving Nigerian customers without a licence to apply for certification, warning those that failed to do so would “face the full wrath of the law.”

He also warned that licensees who failed to comply with regulations were liable to have the approval to operate revoked.