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Compliance Updates

Gambling.com Gets Approval for Business in Indiana

Niji Narayan

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Gambling.com Group Approved to Provide Sports Betting Services in Colorado
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KAX Media America Inc, the U.S. subsidiary of Gambling.com Group, has received approval from the Indiana Gaming Commission to provide services to the licensed gaming operators in the state.

“Indiana got it right by offering mobile sports betting and the state represents a significant opportunity for sites like Bookies.com to connect sports fans with high quality sports betting content like top daily picks. Now having gone live with business deals with operators in Indiana, the Group continues to solidify its position at the forefront of the growing U.S. market,” Charles Gillespie, Chief Executive of Gambling.com Group said.

With neighbouring states not fully onboard with regulated online sports betting, Indiana benefits from Ohio, Kentucky, Michigan and Illinois players traveling to place bets, which further strengthens the opportunity for the Indiana sports betting market to flourish.

“Given the state’s affinity for both professional and collegiate sports, Indiana is a promising market. We expect competition to thrive, given the regulatory environment which allows dozens of operators to conduct business,” Max Bichsel, VP US Business at Gambling.com Group said.

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Compliance Updates

Greece Prohibits Advertisement on Online Slots

Niji Narayan

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Greece Prohibits Advertisement on Online Slots
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The Greek government has implemented tough norms on online gaming and advertising. As per the new norms, the maximum stakes of random number generator (RNG) games is limited to of €2, and maximum prizes are limited to €5000.

The slot games  should not be advertised anywhere outside of an operator’s own website. Gambling products other than slots can be advertised on social media but the operators must ensure that the ads are viewed only by persons over the age of 21.

There are several other provisions.

Online players now need to fix loss and time limits for play, and operators must inform players when they reach 80% of their limit.

Casino games will have a prize limit of €70,000 and sports betting will have a prize limit of €500,000 per bet.

Fees for for seven-year licences have been fixed at €3million for online betting and €2million for other forms of gaming.

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Bulgarian Revenue Agency Assumes Power to Regulate Gambling

Niji Narayan

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Bulgarian Revenue Agency Assumes Power to Regulate Gambling
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The National Revenue Agency (NRA) has officially assumed the power of regulating the gambling industry in Bulgaria. The country’s National Assembly passed a resolution to this effect last month. It replaces the State Commission on Gambling (SCG).

NRA Director Galya Dimitrova, who has the option to nominate a deputy to oversee the regulated gaming market, will be in charge of all proceedings.

The previous licenses will remain valid till they expire. NRA will process license applications and renewals within six months.

SGC was dismantled from the gambling regulation responsibility following several scandals, leading to the resignation of Chairman Alexander Georgiev in February after he was questioned in connection to an investigation into Vasil Bozhkov, owner of Bulgaria’s oldest betting operator, Eurofootball.

The state-owned Sports Totalisator (BST) presently has a monopoly over lottery products in the country.

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Compliance Updates

Commonwealth Casino Commission releases official statement regarding recent events surrounding Imperial Pacific International Holdings

George Miller

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Commonwealth Casino Commission releases official statement regarding recent events surrounding Imperial Pacific International Holdings
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The following is an official statement from the Commonwealth Casino Commission (CCC) of the CNMI regarding the recent events surrounding Imperial Pacific International Holdings Ltd.

Mr. Edward DeLeon Guerrero, Chairman of the CCC stated, “IPI needs to fulfill its obligations, not only to the people of the CNMI, but also to their employees, vendors, and other parties who are contracted to work with their organization. We are deeply disappointed in IPI’s decision to request an abatement of their annual license fee and casino regulatory fee. The CCC is continuing its enforcement and investigations of its recent Orders that encompass the entire range of any payables or contributions owed to public entities and prepared to seek all remedies under the CNMI gaming laws and under the Casino License Agreement as they relate to IPI’s nonpayment and other non-compliance matters.”

 

About the Commonwealth Casino Commission:

The Commonwealth Casino Commission seeks to ensure that CNMI casinos are operating with high integrity, that the games operate fairly to each patron and that the casino is following best practices. To meet those goals, there are robust controls on all functions of the casinos. The Commission may discipline its casino, vendor, or gaming employee licensees to encourage compliance. The discipline may include monetary sanctions, license suspension, or – at the very worst – license revocation.

The Commission employs personnel who audit every part of the gaming operations including slots, table games, advertising and promotions, revenue accounting, security, and surveillance. As regulators of the CNMI’s casino, our mission is to hold the casino operator and employees accountable to the Commonwealth’s very high standards.

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