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Compliance Updates

Ukraine’s Draft Gambling Law Ready for Second Reading

Niji Narayan

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Ukraine’s Draft Gambling Law Ready for Second Reading
Photo Source: unian.info
Reading Time: 2 minutes

 

Ukraine is set to take its draft gambling law to its second reading this month, which if passed, would legalise both online and land-based gambling in the country.

Under the draft gambling law, the gambling activities would be carried out through 11 different licenses, which would be issued by a gaming regulator.

For a land-based casino license, there will be a yearly licensing fee of EUR1.9 million if the casino is based in Kyiv. For other cities, the licensing fee will cost EUR 960,000 per year. For cities with populations of above 500,000, it would be allowed 10 gaming tables and 50 slot machines.

Cities with a population below 500,000 would be permitted 5 gaming tables and 20 slot machines. It would be required to have one or more 5-star hotels with no fewer than 150 rooms, whilst the casino premises need to be a minimum of 500 square meters.

For an online casino license, the licensee would be required to pay a yearly fee of EUR 624,000 before the implementation of an online monitoring system and EUR 208,000 afterwards. The license allows for both Ukranian and non-Ukranian players for online casinos.

The sports betting license, which allows for physical betting shops, would cost EUR 2.9 million before the online monitoring system and EUR 960,000 after. Similarly, the licensee is allowed to take both Ukranian and non-Ukranian punters.

Slot machine halls, which allow for up to 250 slot machines, will have a yearly licensing fee of EUR 240,000. An online poker license will cost EUR 160,000 per year.

There are also license fees per slot machine and gaming table – which are EUR 28,000 for a roulette table, EUR 14,400 for any other table game, EUR 2880 for a slot machine (not connected to online monitoring system) and EUR 960 after it is connected.

Compliance Updates

CT Gaming Interactive Secures Spanish Licence

Niji Narayan

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CT Gaming Interactive Secures Spanish Licence
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CT Gaming Interactive has received the licence to provide its online content in the Spanish regulated market. The company’s online casino games will be soon live and available in Spain.

The news comes after CT Gaming’s recent certification for the Italian market, cementing the developer’s presence in the European online gaming market.

“Following our successful licencing process in Spain we are ready to launch our content for the market. We are confident that the players will enjoy the unique experience our games offer. This is an important step for CT Gaming Interactive and the next milestone in our growth strategy to expand on regulated markets,” Lachezar Petrov, General Manager of CT Gaming Interactive, said.

“We are excited to start offering our content to the Spanish market. We are in the final stages of negotiating with the biggest platform in the country that will avail operators to have our well known and preferred by players games,” Lachezar Petrov added.

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Compliance Updates

EU Report Suggests Consumer Protection Approach to Tackle Loot Boxes

Niji Narayan

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EU Report Suggests Consumer Protection Approach to Tackle Loot Boxes
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A report commissioned by the EU Internal Market and Consumer Protection Committee has recently come to the conclusion that the EU should stop approaching loot boxes as a gambling issue and treat the practice as a consumer protection issue.

The report concludes that while the problematic practice can be dangerous due to the way that it can prey on obsession and addiction, especially in younger players, gambling can only be regulated on a country to country basis. This would leave the rule of law for loot boxes and gambling in gaming fragmented among the Member States that make up the EU as each country will be allowed to create there rules separate from the others.

“Since gambling is a national competence of the Member States, approaching the issue from this angle may lead to a fragmented market for video games within the EU… It is therefore recommended to tackle problematic game designs from a wider consumer protection perspective,” the report said.

As a result of this report, the recommendation has been made that loot boxes and problematic game designs be treated as a consumer protection issues, which the EU has the power to set standards for across all Member States. This conclusion comes from the risks that loot boxes can pose to vulnerable and younger players who either may build addictive behaviours, or not understand the true values of their purchases.

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Compliance Updates

Gaming Innovation Group receives CSIE license in New Jersey, USA

George Miller

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Gaming Innovation Group receives CSIE license in New Jersey, USA
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Gaming Innovation Group (GiG) is pleased to announce its subsidiary, iGaming Cloud Inc., has today been granted a permanent casino service industry enterprise license (CSIE) from the Division of Gaming Enforcement (DGE) in New Jersey, USA. The application was filed back in June 2018, and GiG has supported Hard Rock International’s casino operations in New Jersey under a so-called transactional waiver pending the final approval.

The license is granted for five years and gives GiG a permanent license to provide its real-money online casino platform solution to operators in the state of New Jersey.

Richard Brown, CEO of GiG says: “We are delighted to receive the CSIE license after a long and comprehensive process. This is a great achievement for GiG and gives us a solid confirmation that our platform, procedures and operations are meeting the highest standards out there.”

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