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Compliance Updates

CT Gaming Interactive obtained a certificate for the Colombian market

George Miller

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CT Gaming Interactive obtained a certificate for the Colombian market
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CT Gaming Interactive has obtained certification to enter the Colombian iGaming market. Since the year`s beginning, game content from the company has been rolled out in a range of regulated markets, with the latest being Colombia.

Rigorous certification processes recently confirmed that the jurisdiction allows CT Gaming`s titles to be used by locally licensed operators and Colombian players can soon enjoy exciting titles from the rich content portfolio of the company.

„The players could access our best-performing titles as 40 Mega Slot, 40 Treasures, Chili Fruits, Duck of Luck, Fire Dozen shortly. The entry of CT Gaming Interactive into the Colombian market marks the latest significant achievement for us”, commented Lachezar Petrov, General Manager at CT Gaming Interactive. CT Gaming has a strong history of providing quality certified gaming content to LatAm operators, and by obtaining the licence the portfolio will be available and attractive to local operators.

“We are dedicated to finding the best distribution channels for the game content and we are in the final stages of negotiations with the biggest operators on the market. We are sure that we have a very exciting road ahead”, said Mr. Petrov.

CT Gaming Interactive is already compatible with numerous jurisdictions, including Spain, Italy, Bulgaria, Czech Republic, Croatia, Latvia, Malta, Romania, Switzerland.

Compliance Updates

Dutch Gambling Regulator Receives 28 iGaming Licence Applications

Niji Narayan

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Dutch Gambling Regulator Receives 28 iGaming Licence Applications
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The Dutch gambling regulator (KSA) has received 28 applications for a license to be able to offer online games of chance in the Netherlands.

The market for online games of chance will open on October 1. The companies that meet all the conditions will receive a license. Among other things, it is assessed whether an applicant has an adequate policy to prevent gambling addiction, is a healthy company that handles player balances responsibly.

René Jansen, chairman of the board of the KSA, is satisfied with the provisional number of applications.

“The intention of the law is to channel players from illegal providers to legally reliable providers. With this number of applications, I am confident that there will soon be a sufficiently attractive and varied offer to achieve this objective,” René Jansen said.

A permit application will only be processed once the fee of 48,000 euros has been paid – that is the case with the 28 applications. A provider who succeeds in obtaining a license can use it to offer games of chance via various websites.

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Compliance Updates

Casino game supplier Skyline Solutions launches after Isle of Man licence approval

George Miller

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Casino game supplier Skyline Solutions launches after Isle of Man licence approval
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Casino game software supplier Skyline Solutions has officially launched in the Isle of Man after being awarded a gaming licence on the island.

Skyline Solutions has been awarded a Gambling Supervision Commission B2B software supplier licence, which will allow the company to resell games to a global market of customers.

Skyline engaged Douglas-based SolutionsHub to assist with the successful application process.

Skyline director Angie Chung said: “We are thrilled to have been awarded the licence and to officially announce our launch.

“The Isle of Man offers us a superb base from which we can serve clients all over the world and gives our software developer partners the confidence that comes with such a highly respected licence.

“The Isle of Man is already home to some hugely respected igaming companies and we are delighted to be joining such prestigious neighbours.

“I would like to take this opportunity to thank the team at SolutionsHub for their experience and knowhow at our disposal throughout the application process and we look forward to a successful relationship working together.”

The GSC Software Supplier Licence was developed following demand from companies located around the world requesting to be licensed by a highly experienced regulator. Software suppliers who obtain a licence can ensure they meet the same high standards as the Isle of Man-licensed operators they supply their games to.

Nick Wright, SolutionsHub Chief Operating Officer, said: “The Isle of Man licence is among the most respected in the industry and is renowned for offering operators and their players the highest levels of safety and security.

“Being licensed in the Isle of Man allows Skyline Solutions to serve a large and lucrative market and to achieve the company’s goals of growing rapidly.  We’re delighted to be helping them on the way to achieving success.”

Lyle Wraxall, CEO Digital Isle of Man commented: “It continues to be a busy time for licence applications through the GSC and I am delighted to see Skyline join our approved list of licence holders. It’s great to see that through the professional guidance of SolutionsHub another successful licence application has joined our well-renowned ranks.”

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Baltics

Latvian Parliament Rejects Amendments to the Law on Gambling and Lotteries

Niji Narayan

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Latvian Parliament Rejects Amendments to the Law on Gambling and Lotteries
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The Latvian parliament has decided to reject amendments to the Law on Gambling and Lotteries. The proposed amendments would have been used to limit gambling in the country.

These amendments were developed by members of the New Conservative Party and KPV LV. Saeima deputy Juris Jurašs urged other members of the parliament to support this legislative draft, commenting that about 80,000 people in Latvia suffer from gambling addiction and for 15,000 of them this problem is severe.

He believes the proposed amendments would become a small step towards forming a healthier society.

“Gambling halls in Latvia are a lasting disease that certain people rich, it needs to be treated,” he said.

Jurašs stressed in particular that the gambling situation is critical. After the parliament had rejected the legislative draft Saeima deputy Krišjānis Feldmans from New Conservative Party wrote on his Twitter profile that Attīstībai/Par! political party is a plague for Latvian politics, commenting how the party voted against limiting gambling.

35 Saeima deputies voted in favour of passing the draft to the Budget and Finance Committee, 15 voted against and 27 deputies abstained. And so the legislative draft was rejected somehow.

The annotation mentions that the purpose of the proposed amendments is limiting the number of gambling locations in Latvia and reducing the negative effect gambling has on public health and people in general.

The legislative draft explains that people who participate in gambling and lotteries are subjected to an excessive addiction risk. Gambling addiction or a pathological need to engage in gambling is characterised with frequent gambling episodes, which quickly become the person’s main point of interest, impacting his or her social, professional, and family values, as well as negatively impacting his or her finances.

According to the study performed by SKDS in 2016, 26% of respondents who engaged in gambling in the past 12 months admitted having situations when gambling took over so much of their life that the outside world ceased to exist to them for some time.

The legislative draft also proposed making it so that casinos would be permitted only in four or five-star hotels in Latvia.

The annotation mentions that studies show that localization or limitation of gambling halls and casinos is one of the ways to limit and reduce problematic gambling habits.

It was also planned to impose a limit on open hours of gambling halls.

Deputies also proposed prohibiting alimony avoiders from engaging in gambling. The Maintenance Guarantee Fund Law already provides multiple restrictions for debtors to motivate them to fulfil their duties – pay alimony and provide their children with finances.

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