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Compliance Updates

Dutch Gambling Regulator to Raise Fine Imposed on Covid-19 Ads

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Dutch Gambling Regulator to Raise Fine Imposed on Covid-19 Ads
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Kansspelautoriteit (KSA), the Dutch gambling regulator, is going to increase the fines levied on igaming operators who use coronavirus pandemic to promote their products by at least €50,000. As a result, operators, affiliates and review sites, all would face a 25% increase in the current penalty, meaning the minimum fine would start at €250,000.

The regulator said it had noticed operators using Covid-19 to promote their offerings, using terms such as “Coronavrij gokken” (Corona-free gambling). Notices stating that games or prize draws must be cancelled, adjusted or postponed as a result of the pandemic would not be considered an advertisement.

iGaming remains illegal in the country, until the market opens for business from July 2021, after the Remote Gambling Act comes into force from 1 January. The new market will officially open on 1 July 2021.

Compliance Updates

MGA | Updates to the Gaming Authorisations and Compliance Directive & Key Function Eligibility Criteria Policy

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MGA | Updates to the Gaming Authorisations and Compliance Directive & Key Function Eligibility Criteria Policy
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The Malta Gaming Authority is hereby publishing a series of amendments to the Gaming Authorisations and Compliance Directive (Directive 3 of 2018). The amendments mainly relate to the following:

  • The overall number of key function roles and their underlying responsibilities;
  • The deadlines by when certain key function requirements are to be observed;
  • The persons who shall shoulder responsibility in the absence of duly appointed key function holders;
  • The manner and form in which declarations and assurances are to be made by auditors on behalf of licensees during submission of audited financial statements; and
  • The applicability of suspicious betting reporting requirements.

These amendments are being published together with a Policy on the Eligibility and Ongoing Competency Criteria for Key Persons. This Policy is intended to revise and collate the existing eligibility criteria while also introducing authorisation renewal requirements related to continuous professional development for existing key persons. Moreover, the Policy clarifies the MGA’s position regarding the compatibility of key function roles with each other in light of the amendments to the Directive.

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Compliance Updates

GGPoker Awarded License And Opens To Dutch Market

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GGPoker Awarded License And Opens To Dutch Market
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Following soft launch period, Dutch players have full access to the global poker room

GGPoker today confirms that the poker room received an online gaming license from the Dutch regulator (KSA) on October 1 and, after a soft launch period, is now accepting players at full capacity in the Netherlands.

Any delays encountered by new GGPoker.nl players during the soft launch period have now been resolved, and the account set up and funding processes have been streamlined wherever possible.

GGPoker is among the very first global operators to receive a Dutch license. The local site ggpoker.nl allows Dutch players to enjoy the best poker software and the most exciting tournaments and cash game action.

The Dutch-licensed operation of GGPoker also offers the Responsible Gaming and other safer gambling features required by local regulation, ensuring each player’s peace of mind and control over their gambling activity.

“The online poker landscape has changed a lot since the closure of the Dutch market, several years ago. Arguably, the biggest difference is that GGPoker is now the largest poker site in the world and the place where everyone loves to play. We’re really excited to welcome Dutch players to GGPoker to compete for the most prestigious poker achievements or just to have some fun at the tables” said Marco Trucco, Head of Europe at GGPoker.

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Compliance Updates

Intema announces Isle of Man OGRA license application

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Intema announces Isle of Man OGRA license application
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Intema Solutions Inc. is pleased to announce that the Isle of Man regulatory authorities have formally accepted for review the application by Livestream Esports Limited, a wholly owned subsidiary of Intema, for a license under the Online Gambling Regulation Act (OGRA) 2001.

“Obtaining this license from one of the world’s most prestigious gaming jurisdictions would be another great milestone for Intema, particularly in the context of the proposed acquisition of LOOT.BET,” said Laurent Benezra, Intema’s President and Chief Executive Officer. “The Isle of Man promotes the highest standards of jurisdictional control in the gaming industry. In addition, the license granted by this regulatory body has many financial and logistical benefits, and would allow us to offer continuous fun, safe and responsible gaming experiences for gamers around the world.”

Team Bloodhounds Inc. Acquisition

Additionally, further to the press release dated June 22, 2021 and the press release dated September 24, 2021, as consideration in respect to the acquisition of Team Bloodhounds Inc. (“Team BH), Intema has made a cash payment of $60,500 and issued 943,396 common shares of Intema to the shareholders of Team BH (with an additional cash payment $60,500 payable in three months following the closing of the acquisition).

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