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Compliance Updates

Ukraine’s Cabinet of Ministers Approves Establishment of Gambling Commission

Niji Narayan

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Ukraine’s Cabinet of Ministers Approves Establishment of Gambling Commission
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Ukraine’s Cabinet of Ministers has approved the establishment of a gambling Commission to regulate gambling and lotteries. Its work is scheduled to launch in November this year.

The Gambling Commission will issue licenses, monitor and control the activities of gambling business operators.

“The launch of the commission will make it impossible for illegal gambling establishments to operate under the guise of state lotteries. And the legalization of gambling will stimulate the economy, attract investment, create additional jobs and receive a significant source of additional revenue,” the Ministry reports.

Australia

AUSTRAC Launches Formal Investigation into Crown Melbourne Over AML Concerns

Niji Narayan

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AUSTRAC Launches Formal Investigation into Crown Melbourne Over AML Concerns
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AUSTRAC, Australia’s financial crime watchdog, has launched a formal investigation into potential infringements of the country’s anti-money laundering laws by Crown Resorts.

In a Monday morning filing with the Australian Securities Exchange, Crown revealed that it had been informed of the investigation by AUSTRAC after the authority’s Regulatory Operations branch identified potential non-compliance by Crown Melbourne of the Anti-Money Laundering and Counter Terrorism Financing Act 2006 and the Anti-Money Laundering and Counter Terrorism Financing Rules 2007.

The potential non-compliance relates to “ongoing customer due diligence, and adopting, maintain and complying with an anti-money laundering/counter terrorism financing program,” Crown said.

It added that the concerns were identified “in the course of a compliance assessment that commenced in September 2019 and focused on Crown Melbourne’s management of customers identified as high risk and politically exposed persons.”

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Baltics

SoftGamings Sportsbook Solution Gets Certified in Latvia

Niji Narayan

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SoftGamings Sportsbook solution certified in Latvia
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SoftGamings’ Sportsbook solution has been certified for use in the Latvian regulated market.

SoftGamings Sportsbook product incorporates BetRadar odds and risk services and allows for a deep front-end design customisation. SoftGamings Sportsbook offers over 500,000 events every year on 80+ sports. On top of that, SoftGamings offers a fully customisable bonus and freebets engine.

The first client to use SoftGamings Sportsbook in Latvia is Casino777.lv. The Sportsbook can be easily integrated into the client’s site, with extensive support for sport tracking, widgets, promo offers and banner ads supported out of the box.

“We’re always happy to see our clients making big steps in the industry. Casino777 is a comprehensive platform with an outstanding casino and sportsbook. We’re proud to provide our sports betting software to the client and hope to continue our cooperation for a long time,” Irina Sazonova, Director of Partnerships at SoftGamings, said.

“Being able to provide our services in Latvia, Casino777 has reached a significant milestone. It means we’re about to enter a dynamic European market, which could help us grow further as a company. Europe offers a very competitive market, especially when it comes to sports, and we’re ready to enter the competition since we have outstanding sports betting software,” Vyacheslav Klyuevsky, Head of Sportsbook of Casino777.lv, said.

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Compliance Updates

Mr Green Secures iGaming License in Spain

Niji Narayan

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Mr Green Secures iGaming License in Spain
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William Hill’s pan-European igaming subsidiary Mr Green has secured a license from Spain’s gambling regulator la Dirección General del Ordenación del Juego (DGOJ). The William Hill brand is already active in Spain’s online sports betting market, with Mr Green to be used to strengthen its casino offering in the country.

“This is an important milestone within our strategy,” William Hill International managing director and chief executive of Mr Green Patrick Jonker said.

“With the launch of Mr Green in Spain, we look forward to expanding our offer by expanding our already strong presence within sports betting, with one of the strongest casino brands in the industry,” he explained.

“With the combination of two industry leading brands, we look forward to deliver the best player experience within sports and gaming.”

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