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Compliance Updates

MGA Licenses SoftGamings

George Miller

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MGA Licenses SoftGamings
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SoftGamings is B2B-licensed by the Malta Gaming Authority. 

SoftGamings is proud to announce its latest milestone that comes in the form of the B2B Critical Supply License from the esteemed Malta Gaming Authority. This B2B service license will help SoftGamings to expand the reach of its casino and sports betting solutions further across the Malta Gaming Authority jurisdiction.
Historical Milestone
By obtaining a license from MGA, SoftGamings will undoubtedly not only expand the reach of its software solutions within Malta’s jurisdiction but also lead to even greater cooperation and trust among existing and potential SoftGamings’ partners from all parts of the world.

The Malta Gaming Authority is one of the most popular gaming jurisdictions and licensing bodies in the world that performs thorough inspections and checks before it grants a license to a casino software provider, which only confirms SoftGamings’ dedication to offering secure, fair and reliable casino software solutions.

SoftGamings’ unique platform features thousands of casino slots and table games, as well as a Betradar-powered sportsbook solution which is also expected to be licensed by the MGA, which will now have even more merit among potential clients and become even more prominent in the iGaming industry.

Irina Sazonova, the director of partnerships at SoftGamings, had this to say about the good news from SoftGamings:

“We are delighted and proud to receive the B2B Critical Supply License from the Malta Gaming Authority, as it represents a significant milestone in our company’s history and another confirmation that we are on the right track. With the current presence and insight we have, MGA B2B licence is the recognition of the quality of our services and opens doors to new and long-term partnerships. Our current and future partners can be sure they are dealing with licensed and compliant casino software provider , which will lead to further expansion of our business. With the boost this MGA license is bound to bring to our company, we are bracing for what is hopefully going to be a record year for us.”

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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