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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
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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

Gibraltar’s GLA Suspends Operating Licence of Addison Global

Niji Narayan

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Gibraltar’s GLA Suspends Operating Licence of Addison Global
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Gibraltar’s Gambling Licensing Authority (GLA) has suspended the operating licence of Addison Global, which operates under the brand name MoPlay.

The move follows advice from the Gambling Commissioner, who according to a Government press statement, has been working with company executives on restructuring proposals put forward by the shareholder of the company, who gave assurances that the intention was to support the business and its further development at all times.

A government statement concluded that these proposals, which included honouring all outstanding liabilities, did not materialise and the Gambling Commissioner was no longer able to accept that the firm is able to meet its licensing conditions.

The Government said the move to suspend the relevant licences has been made to protect consumers from any further detriment. The statement adds the Directors will have to address the solvency issues.

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Compliance Updates

EGBA Proposes Changes for German iGaming Market

Niji Narayan

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EGBA Proposes Changes for German iGaming Market
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The European Gaming and Betting Association (EGBA) has outlined several recommendations aimed at improving the proposals for a Third State Treaty on gambling.

EGBA welcomes the progress towards developing a new online gambling regulation but warns that the draft treaty proposals are inconsistent, overly restrictive in the context of current consumer demand and jeopardise the task of developing a fully functioning online gambling market in Germany.

“A new online gambling regulation is badly needed in Germany, but these new proposals could make the current regulatory dysfunction even worse. An attractive product offer is absolutely essential to achieving a safe and well-channelled gambling environment – but the proposed restrictions would prevent this,” Maarten Haijer, Secretary-General of EGBA, said.

Given the importance of channelling, consumer choice and the “shop-around” nature of online betting, EGBA is concerned that the restrictions proposed in the new state treaty will undermine the success of the future online gambling regulation. Specifically, the cumulative effect of the current product restrictions and the comprehensively restricted access to online casino games, which has been part of the European Commission’s repeated criticism of Germany’s gambling regulations.

To ensure this new regulation is a success, EGBA makes the following recommendations:

  • Online casino: A full product range is essential to support effective channelling; there should be no opt-out for the Länder when it comes to the regulation of casino games.
  • Bet types: Extensive restrictions should be avoided when defining permissible bet types. Any restrictions on live betting would undermine the objective of channelling consumers.
  • Deposit limits: A mandatory cross-provider deposit limit of EUR 1000 will be difficult to implement on a technical level and raises concerns about data protection. A recent study found that the setting of voluntary deposit limits is effective and gamblers who set their own deposit limits would spend significantly less money, compared to players who had not.
  • Player account activity: The proposed waiting times for switching between products and operators are not justified and will undermine channelling because they ignore the “shop-around” nature of online betting behaviour and the nature of price and odds comparisons.
  • Regulatory authority: EGBA welcomes the proposal to set up a central competent regulatory authority but has concerns about how long it will take to set up and how this could affect licensing decisions.
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Compliance Updates

Betway Secures Portuguese Licence

Niji Narayan

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Betway Secures Portuguese Licence
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Betway has secured a licence from the Comissao de Jogos do Turismo (SRJI) to operate B2C online casino and betting services in Portugal.

The government agency which leads licencing initiatives for Portugal’s gambling marketplace, sanctioned by the nation’s Tourism Board has granted online gambling rights to Betway’s Malta operating subsidiary GM Gaming Ltd.

Portugal becomes Betway’s ninth European regulated marketplace, in which the operator maintains operating licences within the UK, Italy, Belgium, Sweden, Spain, Germany, Ireland and Denmark.

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