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IBIA and MGA sign betting integrity cooperation agreement

George Miller

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IBIA and MGA sign betting integrity cooperation agreement
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The International Betting Integrity Association (IBIA) and the Malta Gaming Authority’s (MGA) recently created Sports Integrity Unit have highlighted their commitment to protecting consumers, sports and betting markets from corruption with the signing of a betting integrity information sharing agreement. The Memorandum of Understanding (MoU) is the first agreement between the MGA’s new Unit and a betting monitoring system and underlines the desire of both parties to tackle betting related corruption.

Khalid Ali, CEO of the International Betting Integrity Association, said: “The creation of the Sports Integrity Unit and its focus on tackling match-fixing is a very welcome move, which is why I am delighted to have reached this agreement with the MGA that will allow us to work collaboratively on integrity. For its part, IBIA will utilise its unique global betting monitoring system, which includes many of the largest MGA licensed operators, to provide information on suspicious betting to the Unit with the aim of preventing sports betting related corruption.”

Antonio Zerafa, the MGA’s Sports Integrity Officer, said: “The MGA has made the fight against the manipulation of sports competitions a core part of its licensing and regulatory policy. Working in partnership with other stakeholders, notably betting operators, is critical to the success of that approach and the MoU with IBIA is therefore of particular importance. IBIA and its members bring a wealth of market and consumer data that will undoubtedly serve to significantly strengthen the information and intelligence gathering ability of the Unit.”

The International Betting Integrity Association is the leading global voice on integrity for the licensed betting industry. It is run by operators for operators, protecting its members from corruption through collective action. Its monitoring and alert platform is a highly effective anti-corruption tool that detects and reports suspicious activity on its members’ betting markets. The association has longstanding information sharing partnerships with leading sports and gambling regulators to utilise its data and prosecute corruption. It represents the sector at high-level policy discussion forums such as the IOC, UN, Council of Europe and European Commission.

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Compliance Updates

CT Gaming Interactive Secures Spanish Licence

Niji Narayan

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CT Gaming Interactive Secures Spanish Licence
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CT Gaming Interactive has received the licence to provide its online content in the Spanish regulated market. The company’s online casino games will be soon live and available in Spain.

The news comes after CT Gaming’s recent certification for the Italian market, cementing the developer’s presence in the European online gaming market.

“Following our successful licencing process in Spain we are ready to launch our content for the market. We are confident that the players will enjoy the unique experience our games offer. This is an important step for CT Gaming Interactive and the next milestone in our growth strategy to expand on regulated markets,” Lachezar Petrov, General Manager of CT Gaming Interactive, said.

“We are excited to start offering our content to the Spanish market. We are in the final stages of negotiating with the biggest platform in the country that will avail operators to have our well known and preferred by players games,” Lachezar Petrov added.

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Compliance Updates

EU Report Suggests Consumer Protection Approach to Tackle Loot Boxes

Niji Narayan

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EU Report Suggests Consumer Protection Approach to Tackle Loot Boxes
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A report commissioned by the EU Internal Market and Consumer Protection Committee has recently come to the conclusion that the EU should stop approaching loot boxes as a gambling issue and treat the practice as a consumer protection issue.

The report concludes that while the problematic practice can be dangerous due to the way that it can prey on obsession and addiction, especially in younger players, gambling can only be regulated on a country to country basis. This would leave the rule of law for loot boxes and gambling in gaming fragmented among the Member States that make up the EU as each country will be allowed to create there rules separate from the others.

“Since gambling is a national competence of the Member States, approaching the issue from this angle may lead to a fragmented market for video games within the EU… It is therefore recommended to tackle problematic game designs from a wider consumer protection perspective,” the report said.

As a result of this report, the recommendation has been made that loot boxes and problematic game designs be treated as a consumer protection issues, which the EU has the power to set standards for across all Member States. This conclusion comes from the risks that loot boxes can pose to vulnerable and younger players who either may build addictive behaviours, or not understand the true values of their purchases.

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Compliance Updates

Gaming Innovation Group receives CSIE license in New Jersey, USA

George Miller

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Gaming Innovation Group receives CSIE license in New Jersey, USA
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Gaming Innovation Group (GiG) is pleased to announce its subsidiary, iGaming Cloud Inc., has today been granted a permanent casino service industry enterprise license (CSIE) from the Division of Gaming Enforcement (DGE) in New Jersey, USA. The application was filed back in June 2018, and GiG has supported Hard Rock International’s casino operations in New Jersey under a so-called transactional waiver pending the final approval.

The license is granted for five years and gives GiG a permanent license to provide its real-money online casino platform solution to operators in the state of New Jersey.

Richard Brown, CEO of GiG says: “We are delighted to receive the CSIE license after a long and comprehensive process. This is a great achievement for GiG and gives us a solid confirmation that our platform, procedures and operations are meeting the highest standards out there.”

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