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Compliance Updates

Romania Receives Wazdan’s Top 30 Games

George Miller

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Romania Receives Wazdan’s Top 30 Games
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Market-leading slot producer, Wazdan, are thrilled to confirm receipt of certification to deliver 30 of their top games to eager players and casino partners across Romania.

Marking a significant step forward into the regulated market of Romania, the innovative slot game developer, Wazdan, secured their certification in the first days of March, allowing them to deliver games to players in yet another regulated European country.

This new certification to deliver top-tier Wazdan games in Romania marks the sixth European market now open to Wazdan, with the UK, Sweden, Malta, Lithuania, and Latvia all now secured. And Denmark, Portugal, and Spain all in progress, with confirmations of certification expected to be released later this month.

Since securing the certification in Romania, Wazdan has officially released their top 30 game titles, putting their best foot forward to a highly anticipating crowd of players and partners.

In Romania, operators can now benefit from the fresh content supplied by Wazdan to wow their players and boost their engagement with the Unique Wazdan Features that Wazdan alone offer through their games.

These Unique Wazdan Features allow players to tailor their gameplay to their personal preferences – whether it’s speeding up their gameplay with Ultra Fast Mode, adjusting the volatility with their world-first, patented Volatility Levels™, using Ultra Lite Mode, or supersizing the view with Big Screen Mode.

These features are coded into every Wazdan game, including the top 30 released in Romania, which are available through direct integrations, as well as through aggregators such as Playtech, iSoftBet or EveryMatrix, to mention just a few.

Of the new certification, Andrzej Hyla, Head of Sales at Wazdan says: “Receiving certification in Romania is a big win for Wazdan, allowing us to support our partners better and expand our footprint across Europe. We are delighted to offer to Romanian players and operators our pick of the top 30 best Wazdan games to mark this new market and set the foundations for strong relationships to come.”

Compliance Updates

G2 Esports Partners with Brandgenuity to Expand Global Licensing Efforts

Niji Narayan

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G2 Esports Partners with Brandgenuity to Expand Global Licensing Efforts
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G2 Esports has partnered with Brandgenuity to strategically expand its global licensing efforts. Brandgenuity is a leading global independent brand licensing agency headquartered in New York.

“G2 is building a lifestyle and entertainment empire. We have designed and developed streetwear-inspired collections and merchandise that sell out almost instantly thanks to the #G2ARMY and we want to continue to bring our fans merchandise that makes them proud to rep G2. The Brandgenuity team demonstrated that they understood both our brand and our dedication to entertain at all costs and we know they will propel us forward in our global licensing efforts,” Carlos “ocelote” Rodriguez, Founder and CEO of G2 Esports, said.

“We are thrilled to be working with G2 Esports, who are one of the most dominant teams in the world, and the undisputed leaders in fan engagement and world-class entertainment. This brand has everything we look for to build a great licensing program; double-digit growth trajectory, a distinctive personality and truly passionate fans,” Teri Niadna, Managing Director of Brandgenuity Europe, said.

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Compliance Updates

Italian Parliament Enacts New Turnover Tax on Betting and Virtual Sports Wagers

Niji Narayan

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Italian Parliament Enacts New Turnover Tax on Betting and Virtual Sports Wagers
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The Italian parliament has enacted a new temporary 0.5% turnover tax on betting and virtual sports wagers.

Publishing the state gazette last week confirmed that MPs had supported amendments introducing new turnover tax across all betting-related verticals – online, retail and virtual sports content.

The turnover tax is implemented as a set of first steps establishing the “Revival Decree” of the government, an initiative that aims to collect funds to help the Italian industry and society’s post-coronavirus recovery.

The temporary tax charge would allow PM Giuseppe Conte to set up a new “sports relief fund” aimed at raising €90 m by 2021, funded directly from Italy’s approved betting incumbents.

In response to additional tax burdens, betting leadership has questioned the rationale of the Conte government’s action plan to tax an industry that has been in complete lockdown since March and faces a tough reopening of retail outlets as of June 14. The consequences of lockdown saw Italian sports betting report a 72% drop in revenue between March and April.

In introducing the new temporary fee, Italy becomes one of the highest-taxed regulated sports betting markets in Europe, where incumbents now pay GGR betting duties of 20% for retail, 22% for virtual games and 24% for online betting.

Measures of the Revival Decree undergo their final Senate readings before being ratified federally. Betting leadership hangs on the hopes that the Senate will review changes to enforce the turnover tax as an additional GGR charge for an exhausted industry.

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Compliance Updates

Norway’s Stortinget Passes Gambling Advertising Amendment

Niji Narayan

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Norway’s Stortinget Passes Gambling Advertising Amendment
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The Norwegian Parliament (Stortinget) has approved a legislative amendment aimed at preventing offshore gambling operators from advertising their services to consumers in the country via the internet.

The amendment grants the Norwegian Media Authority (Medietilsynet) the power to order internet service providers and media companies to prevent access to illegal marketing.

“This [amendment] will reduce the scope of gambling advertising, and may in turn help reduce the number of problem gamblers,” Abid Q. Raja, Minister of Culture and Gender Equality, said.

“[Previously] we have not had the necessary tools to enforce the advertising ban on foreign operators. But with this provision, the Media Authority is empowered to impose a duty on internet owners and distributors to prevent access to advertising for illegal gambling,” Raja added.

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