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Compliance Updates

UK House of Lords Calls for Urgent Regulation of Loot Boxes

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UK House of Lords Calls for Urgent Regulation of Loot Boxes
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The House of Lords Gambling Committee has urged the UK government to classify video game loot boxes as “games of chance.” The recommendation came as part of a wide-ranging report in which the committee suggested a number of changes to the gaming industry.

“If a product looks like gambling and feels like gambling, it should be regulated as gambling. The government must act immediately to bring loot boxes within the remit of gambling legislation and regulation,” the report says.

Loot boxes have long been controversial in video games. They offer players a chance at a randomised reward when opened. To further complicate matters, boxes can often be bought for real money, and the rewards can sometimes be traded.

Lord Grade, chairman of the committee, said that lots of other countries have already started to regulate loot boxes because “they can see the dangers” which is teaching “kids to gamble.”

He said the Gambling Act was “way behind what was actually happening in the market” but he added that the “overwhelming majority” of the report’s recommendations “could be enacted today” as they do not require legislation.

The Lords report is wide-ranging, covering the entire gambling industry, but focuses in part on new forms of gambling, and those targeted towards children.

“There is academic research which proves that there is a connection, though not necessarily a causal link, between loot box spending and problem gambling,” it says.

The Lords report concludes that ministers should make new regulations which explicitly state that loot boxes are games of chance. It also says the same definition should apply to any other in-game item paid for with real money, such as FIFA player packs.

The government told the committee that its planned future review of the Gambling Act would focus on loot boxes. But the Lords report warns: “This issue requires more urgent attention.”

Compliance Updates

GiG extends partnership with Avento Group for GiG Comply

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GiG extends partnership with Avento Group for GiG Comply
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Gaming Innovation Group Inc. (GiG) has extended its agreement with Malta based Avento Group for the provision of its automated marketing compliance tool, GiG Comply, for a further two years.

GiG’s automated marketing compliance solution allows operators to scan web pages for content, links and iGaming code red words. The rules engine based software analyses snapshots from advertising campaigns, providing operators with reports of the content, which is being used to promote their brands.

Today, the excitement of more markets becoming regulated combined with the excelled need for a strong digital presence fuels the requirement for operators to invest in compliance software like GiG Comply, to ensure they are fully compliant in multiple jurisdictions with the ever-changing regulatory landscape.

Avento Group places responsible gaming at the heart of its business. Extending the partnership with GiG, allows the operator to make sure the business remains in control of its marketing compliance by ensuring affiliates are fully aligned with the brand guidelines and responsible gaming requirements.

Jonas Warrer, CMO at GiG, said: “It makes us very happy to start the new year re-signing our existing agreement with Avento Group. As new markets continue to regulate, there is an increased need for operators to ensure they comply with the ever-changing regulations in all jurisdictions they operate. It makes us very proud to have a young and innovative partner like the Avento group, which values the importance of creating a safer and more sustainable gaming environment and continues to place trust in GiG Comply.

Avento Group Compliance Team said : “We are super delighted to continue our agreement with GiG Comply. This shall continue to ensure our commitment at being a fully compliant company within the industry thanks to GiG Comply. ”

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Australia

Australia Regulator Expands Money Laundering Probe at Casino Firm Star

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Australia’s financial crime regulator said on Friday it had broadened its ongoing investigation of the country’s second-biggest casino operator Star Entertainment Group over possible breaches of anti-money laundering and counter-terrorism laws at its casinos.

The sector has been plagued by a slew of regulatory inquiries in Australia and the development highlights casino firms’ shortcomings in managing strict oversight of alleged money laundering at their gambling hotspots.

The Australian Transaction Reports and Analysis Centre (AUSTRAC) launched a probe in June into Star’s casino in Sydney amid concerns over ongoing customer due diligence and compliance with laws.

Local media later reported on a confidential review that accused Star of failure to curb fraud and money laundering at its two resorts.

The investigation into Star will now include multiple entities under the company, AUSTRAC said on Friday, declining to comment further as the probe was ongoing.

The company said earlier in the day that it would fully co-operate with AUSTRAC’s investigation.

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Compliance Updates

ESA Gaming gains ISO27001 accreditation

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ESA Gaming gains ISO27001 accreditation
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Innovative games provider ESA Gaming has been awarded a ISO27001 certification which will enable it to enter additional regulated markets.

The certification underlines ESA Gaming’s commitment to information security standards and will facilitate the supplier’s move into jurisdictions such as Switzerland and Greece which is using it as a regulatory benchmark.

The international certification is awarded when a set level of information security standards are reached, ensuring best practice is observed in this discipline.

The milestone plays an important part in ESA Gaming’s growth strategy which will see the supplier enter new markets and further expand in regulated territories around the globe to offer its portfolio of EasySwipe™ games to new audiences.

The mobile-first games are designed to offer increased cross-sell opportunities to sportsbooks by allowing users to enjoy the best quality casino games without disrupting the sports betting experience.

ESA Gaming’s content is currently certified in Portugal, Italy, and Colombia and the supplier holds a licence in Greece and Malta with more jurisdictions to be announced shortly.

Miroslav Hristodulo, ICT & Security Consultant at ESA Gaming, said: “We are pleased to receive this ISO27001 accreditation following a rigorous certification process to ensure we are compliant with the highest security standards.

“We believe this certification will allow us to expand our global reach, strengthen the relationship we have with partners and further position ourselves as a trusted supplier to the online gaming industry.”

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