Connect with us
SIS

Compliance Updates

UKGC: Games warning for online operators

George Miller

Published

on

UKGC: Games warning for online operators
Reading Time: < 1 minute

 

Online gambling operators are being reminded to check that their games meet transparency and safety standards expected by the Gambling Commission.

The reminder follows discovery that six operators were offering products providing ‘feature buy-in’ facilities on slots style games. This facility gave consumers the option of staking significant amounts of money to access the bonus feature without playing the initial stages of the game. One game was charging more than £3,000 to enter the bonus feature.

The Commission’s remote gambling and software technical standards contain the following requirements:

  • RTS requirement 3A: An explanation of the applicable rules must be easily available to the customer before they commit to gamble. The content including artwork and text must be accurate, and sufficient to explain all of the applicable rules and how to participate. All reasonable steps must be taken to ensure that the content is understandable.
  • RTS requirement 14A: Gambling products must not actively encourage customers to chase their losses, increase their stake or increase the amount they have decided to gamble, or continue to gamble after they have indicated that they wish to stop.

All six operators contacted regarding use of the ‘feature buy in’ element have now removed it from their sites.

Continue Reading
Click to comment

Compliance Updates

UKGC Temporarily Suspends Operating License of Matchbook

Niji Narayan

Published

on

UKGC Temporarily Suspends Operating License of Matchbook
Reading Time: < 1 minute

 

The UK Gambling Commission has temporarily suspended the operating license of Sports betting exchange operator Matchbook.

Matchbook’s UK customers reported receiving emails informing them that the UK Gambling Commission (UKGC) had “taken the decision to temporarily suspend the operating license of Triplebet Ltd (Matchbook). As a result from 23:59 on 17 February 2020 we will be briefly closed for all betting and casino activity in the United Kingdom.”

Matchbook said it has been in “regular contact” with the UKGC and had “agreed a path forward where it will deliver on a number of conditions.”

Matchbook promised to “be back soon” and assured its UK customers that they would retain access to their online accounts for fund withdrawals and the site would “continue to settle all open positions.”

Continue Reading

Australia

Flutter–Stars Group Deal Gets Approval from Australian Competition and Consumer Commission

Niji Narayan

Published

on

Flutter–Stars Group Deal Gets Approval from Australian Competition and Consumer Commission
Reading Time: < 1 minute

 

Flutter Entertainment has received informal approval from the Australian Competition and Consumer Commission (ACCC) for its proposed combination with The Stars Group (TSG).

The approval from ACCC is seen as a milestone in the group’s attempts to merge with Flutter to create what is expected to be one of the world’s biggest betting businesses.

But the company said the proposed deal remains subject to approval by the Australian Foreign Investment Review Board, as well as further international regulatory bodies.

The deal was first announced in October and the combined group will serve customers in more than 100 countries.

Continue Reading

Compliance Updates

Iforium awarded ISO 27001 certification

George Miller

Published

on

Iforium awarded ISO 27001 certification
Reading Time: 2 minutes

 

Industry’s leading aggregator awarded gold standard for data protection and system security

Iforium, the global casino aggregation platform provider, has further established its tier one credentials following ISO IEC 27001 certification for the operations behind its award-winning Gameflex platform.

To receive its certification, Iforium’s internal processes were rigorously tested against the Standard’s strict assessment criteria, ensuring it met the 114 controls and 7 clauses required over a nine-month period.

With a series of internal audits undertaken prior to the certification process, the standard ensures that Iforium’s senior management, as well as all its operations and controls, are fully compliant with the data protection practices and procedures set by the International Organisation for Standardisation and the International Electrotechnical Commission.

As a result, Iforium can demonstrate to its tier one operator partners that its global operations are undertaken with the highest certification available for data protection and system security.

The aggregator will also be able to significantly expand the reach of its Gameflex platform across an even greater range of markets, with regulators such as the Swiss Federal Gaming Board requiring full ISO 27001 compliance prior to entry.

Commenting on its certification, Andrew Cairns, COO at Iforium said:

“We are delighted to be awarded ISO 27001 certification for the operations behind the industry’s largest and most popular aggregation platform. We see this as the perfect endorsement to Iforium’s commitment to the security of its systems and client data reflecting the hard work and dedication by the entire Iforium team in this area.

“By committing ourselves to external audits of both our systems and processes, we are able to highlight our credentials as a forward-thinking supplier, as well as setting the highest standards of compliance we believe all aggregators should adhere to.”

Already the recipient of multiple industry awards, Iforium’s Gameflex combines over 10,000 games from more than 100 gaming vendors and is available to multi-channel operators and suppliers via a single API integration.

Powered by cutting-edge data, operators are also able to create real-time tournaments, missions, achievements and insights from any game and any game provider.

The ISO 27001 certification follows an outstanding year for the industry’s leading aggregator, which saw it expand its regulated European presence, entering the Latam and US markets for the first time following Gameflex platform integration agreements with tier one operators in both Mexico and New Jersey.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.