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Compliance Updates

Online Sportsbook and Casino BETZEST™ goes live with MGA license

George Miller

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Online Sportsbook and Casino BETZEST™ goes live with MGA license
Reading Time: 2 minutes

 

Online Sportbook and Casino Betzest™ has been granted B2C, Sports Betting and Casino MGA License seal by the Malta Gaming Authority.

This powerful EU and International license opens Betzest the doors to more European markets and guarantees 100% player security and trust to Betzest Casino and Sportsbook verticals.

Online casino and sports betting operator Betzest continues growing its operations since its launch in July 2018. Betzest is quickly becoming one of Europe’s leading and most distinctive online gambling company offering unrivalled sports betting and casino games on its cutting-edge platform powered by SportingTech.

Marius Filip, Founder/CMO at Betzest, said: “We’re thrilled to have received MGA License seal from Malta Gaming Authority, one of the most reputable and trustworthy regulators. We will continue offering Sportsbook & Casino entertainment to our players now under MGA™ license ensuring fully legal, safe and secure online gaming environment. We see it as the biggest milestone in Betzest™ rapid expansion into EU and International markets. We’ve had an extremely pro-active start to 2020 with a remarkable collection of world-class casino and payment providers on the way. I’m certain the best is yet to come.”

Tiago Almeida, CEO at SportingTech, said: “MGA is one of the top authorities in iGaming regulation. Acquiring its prestigious License is a significant milestone for any operator and provider. The issuance of B2B License brings additional value to the Sportingtech brand, organization, and access to the new regulated markets. We are very excited and proud to see our client and partner Betzest go live with newly acquired license in Casino and Sportsbook verticals.”

Cihan Onerci, COO at Betzest said: “MGA license is one of the most reputable licenses all around the world. Operating with the MGA license is a massive accomplishment and milestone for our brand. All our services and operations are authorized with the MGA license. Betzest’s main aim is providing high standards and diversity of games to our players. MGA license will help us to empower our aim to realize it.”

About Betzest:
Betzest is your leading premier Online Bookmaker and Casino operator run by a team of experienced i-gaming experts.
Due to its unique product and marketing proposition, Betzest is rapidly establishing itself as one of the most trustworthy and reliable gaming company.
Betzest is offering unrivalled sports betting and casino games experience now under reputable MGA license. The company operations continue to expand in variety of markets and online gambling verticals such as Live Betting, Live Casino, Live Bingo and Virtual Sports. Betzest boasts its robust and multi-functional online sports betting & Casino operating on SportingTech platform. Today Betzest has more than 60 employees across four offices all committed to delivering amazing player experiences on each of their verticals, partnering with top gaming providers.

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Compliance Updates

Solverde Group Secures Online Sports Betting Licence in Portugal

Niji Narayan

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Solverde Group Secures Online Sports Betting Licence in Portugal
Reading Time: < 1 minute

 

Solverde Group has secured online sports betting licence in Portugal. The new licence will enable Solverde to accept online sports bets through its Solverde.pt website.

Solverde, which operates five land-based casinos across Portugal, also holds an online casino licence in the country, offering a range of casino-style games via Casinosolverde.pt.

The new licence comes after the national regulator Serviço de Regulação e Inspeção de Jogos (SRIJ) last month revealed that online gambling revenue drastically increased under lockdown.

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Central Europe

Berlin Interior Minister Andreas Geisel Approves German State Treaty

Niji Narayan

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Berlin Interior Minister Andreas Geisel Approves German State Treaty
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Berlin’s Interior Minister Andreas Geisel has approved the federal regulatory framework for gambling, clearing the way for the city mayor Michael Müller to sign the legislation.

Minister approved the current draft of Glücksspielneuregulierungstaatsvertrag (GlüNeuRStV) at the Berlin Senate hearing on September 15. However, it must now be presented to the city’s House of Representatives to be ratified by the Berlin parliament. The GlüNeuRStV must go through this process in each of Germany’s 16 states, and be signed by the head of state, and ratified by its parliament. In total, 13 of the 16 states must approve the legislation for it to come into force as planned from 30 June 2021.

However, states will begin to implement the Treaty from 15 October this year, under a transitional regime in which operators will be permitted to offer online sports betting, poker and slots.

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Compliance Updates

Sweden’s Spelinspektionen to Ban Betting on Sporting Violations

Niji Narayan

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Sweden’s Spelinspektionen to Ban Betting on Sporting Violations
Reading Time: 2 minutes

 

Spelinspektionen, the Swedish gambling regulator, is going to implement a ban on betting on sporting violations, including yellow and red cards, free kicks and penalties in football from 1 January 2021.

The regulator will also ban betting on all but the top four divisions of football in Sweden (Allsvenskan, Superettan, Division 1 Norra and Södra) and the six regional Division 2 leagues as well as on under-21 internationals. Betting on the individual performance of players aged under 18 will also be banned in all sports played in Sweden.

“Football is a high-risk sport when it comes to match-fixing and there are special risks with low divisions. Surveillance is poorer and practitioners do not make money from their sport. The Swedish Gambling Authority has therefore chosen to place special emphasis on football and has taken into account views received from the consultative bodies,” Spelinspektionen said.

Gustaf Hoffstedt, secretary general of online gaming operators’ association Branschföreningen för Onlinespel (BOS), criticised the move as political, claiming it was designed to appease the National Athletics Association, Swedish Football Association and politicians rather than enforce regulatory good sense.

He said: “Spelinspektionen claims to have found a well-balanced point between different interests but there is no balanced point in this matter. Either you believe restrictions for licensed companies lead to reduced match-fixing [or not].

“In that case, I wonder why Spelinspektionen can be content with these relatively peripheral restrictions. In that case, the only responsibility would be to impose restrictions on almost everything if one is so convinced that they have a positive effect.

“The Swedish Gambling Authority is often blamed for a lot of things when in fact it is the government that is to be held accountable.

“This case is unique however in that it is the SGA itself that has chosen to impose the restrictions and this without any analysis of their effect. This, of course, damages SGA’s reputation.”

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