Compliance Updates
Adriana Maldonado Unveils Initiative to Regulate Online Gambling
PSN MP Adriana Maldonado, a member of the Committee on the Internal Markets and Consumer Protection, has unveiled an initiative in the European Parliament to regulate online gambling and advertising.
The Socialist Europarliamentary has sent a letter to all members of the European Parliament to collect the maximum number of signatures and send it to the Internal Market Commissioner, Thierry Breton.
The brief aims to “alert the problem of online gaming at social and national level in all member states. In the letter, the MP considers that “the efforts of the European Commission for the EU countries to share good practices, cooperate with each other and even apply measures voluntarily, have not been sufficient.”
She urges the Community Executive to “establish a legislative framework with minimum European standards in the field of online gaming advertising” as “the ads are often misleading and biased and can lead to insane and harmful behaviours.”
Measures to limit the gaming industry in Spain will launch in the coming weeks. However, it has already transpired that gambling advertising in Spain will be allowed for 4 hours in the morning ( 1 to 5 am).
Compliance Updates
Aviatrix lands in the Netherlands
Aviatrix, the award-winning crash game, has received its certification in the Netherlands, meaning Dutch players can enjoy the popular title for the first time.
The certification in the Netherlands opens up yet another important regulated market for Aviatrix, which was recently named ‘Game of the Year’ at the EGR Operator Awards 2024.
Gross gaming revenue in the Netherlands hit €1.39 billion in 2023, and is expected to continue to grow over the coming years.
Dutch operators will now be able to capture this growth via Aviatrix’s innovative title, which is proving hugely popular in regulated markets worldwide.
Anastasia Rimskaya, Chief Account Officer at Aviatrix, said: “The Netherlands has been on our radar for some time, so this is a big day for us here at Aviatrix. We can’t wait to see Dutch players enjoying the title, and we will be working closely with some very special partners in the Netherlands to ensure this game is widely available very soon.”
Part of what makes Aviatrix so successful is the constant updates to the game, which keeps it fresh and exciting for players.
This has included a full redesign with new, 3D assets, as well as a first-of-its-kind free bets function via in-game promo codes.
Compliance Updates
Comtrade Gaming Receives UKGC Approval to Distribute Gaming Content
Comtrade Gaming has obtained a supplier license from the UK Gambling Commission (UKGC). Players in the UK can now enjoy a variety of games from Comtrade Gaming’s portfolio, including the latest Witch Crash’d, Pilot Piggy, Sweet Treasures, Wild Minner, Diamond King, Diamonds in the Sky, White Elephant and many more.
“This is a significant achievement for Comtrade Gaming. The UK market is a core part of our growth strategy, and this license allows us to bring our games to more operators and players. We’re excited to work with all operators in the UK market and provide a unique gaming experience for their audiences,” said Steven Valentine, Chief Commercial Officer.
This milestone marks a pivotal step for Comtrade Gaming as it continues to grow within regulated markets and reach new players globally.
Compliance Updates
Spillemyndigheden: Anti-Money Laundering: Screening of Sanctions Lists
Gambling operators must comply with the EU’s sanctions regarding freezing of assets. Freezing of assets means that it is prohibited to make funds and assets directly or indirectly available to individuals who are subject to the EU’s sanctions.
Freezing of assets must take effect immediately when an individual, business or organisation is added to a list of sanctions. Consequently, a gambling operator must screen their costumers in accordance with the existing and updated lists.
The EU keeps several sanctions lists that are updated regularly. Therefore, the EU has created a database, EU Sanctions Map, which includes all current sanctions lists concerning anti-money laundering. The map can also be used to search across the lists. Individuals, businesses and organisations that are subject to a requirement for freezing of assets is marked with a frost symbol.
In addition to the individuals listed in the EU regulations, gambling operators are also obligated to ensure that the operator’s customers do not appear from the UN’s consolidated asset freeze list. The list is available on the Danish Business Authority’s website: UN’s freezing of assets list.
Gambling operators are responsible for ensuring that funds are not made available to a sanctioned individual – for example by paying out winnings. Please note that breaches of sanctions adopted by the EU or UN may be punishable by fine or imprisonment.
See more information on sanctions and asset freeze on the Danish Business Authority’s website, where a guide on freezing of assets is also available.
-
Gambling in the USA5 days ago
Gaming Americas Weekly Roundup – October 28-November 3
-
Asia5 days ago
FeedConstruct Secures Exclusive International Streaming and Data Collection Rights for Korean Volleyball Leagues
-
Latest News6 days ago
Springbok Casino’s Wild November Feature ‘Backyard Gangsters’ Offers 25 Free Spins on new Clue Chronicles: Mirror Mansion slot
-
Latest News5 days ago
Atlaslive Partners with Oddin.gg to Elevate Esports Betting in LATAM, Offering 24/7 Betting Markets and Cutting-Edge Odds Feed
-
Asia4 days ago
Red Bull, Nissin Cup Noodles, and Kreo Join College Rivals Season 2 as Associate Sponsors
-
Latest News5 days ago
Tom Horn Takes Players on a Hold & Win Adventure in Max Gold. Exploring the Unknown
-
eSports5 days ago
SOFTSWISS Sportsbook Doubles Esports Turnover in Q3 2024
-
eSports5 days ago
IESF and ITTI Open Applications for Scholarships in Esports Management