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Compliance Updates

German sports-betting licences for GVC Holdings

George Miller

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German sports-betting licences for GVC Holdings
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GVC Holdings PLC, the global sports-betting and gaming Group, is pleased to announce that it has been awarded four sports-betting licences in Germany.

On 9 October the German regulator issued licences for the bwin, SportingBet, Ladbrokes and Gamebookers brands to enable each of them to offer sports-betting products to customers across Germany. This is a significant milestone for GVC coming swiftly after the Tolerance Policy for gaming that was announced on 1 October 2020 and brings further clarity and certainty in Germany.

An outline of the licence terms are:

  • Wagering limit of €1,000 euros per month that can be increased to €10,000 subject to certain criteria being met as well as certain loss limits
  • The ability to increase this further to €30,000 for 1 per cent of customers subject to enhanced due diligence and certain loss limits
  • Deposit limits until customer verification processes are complete
  • Maximum annual bonus per customer of €100
  • The inclusion of certain responsibility requirements by the licence holder

The licences have been issued with immediate effect. However, the timing for implementation of the terms attached to the licences are yet to be formally agreed and GVC is working with the regulator on an implementation plan with terms expected to be in place in the early part of 2021. The granting of the licences to GVC’s four sports brands in Germany is in-line with GVC’s strategic ambition of operating in regulated markets and will enable it to build on its leading position in the German market. Following implementation, GVC estimates that Group EBITDA will be reduced by up to £40m1 on an annualised basis.

Shay Segev, CEO of GVC commented: “The award of these licences is great news for GVC, bringing the clarity and certainty that we have long sought for sports-betting in Germany. Combined with the recent Tolerance Policy we can now look confidently to the future, building on our position as a market leader by delivering an unparalleled, innovative experience for our German customers. The much-anticipated regulation of online gaming in Germany re-enforces GVC’s position as the most globally regulated and responsible operator in our industry.”

Compliance Updates

Soft2Bet nets PCI DSS data accreditation

George Miller

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Soft2Bet nets PCI DSS data accreditation
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Casino and sportsbook platform provider Soft2Bet has been certified by The Payment Card Industry Data Security Standard (PCI DSS).

The company was accredited with the certification after passing a rigorous audit, recognising its capability to securely protect the transfer of credit and debit card data between customers and payment service providers.

The news showcases Soft2Bet’s strong compliance credentials, which are also demonstrated by the SGA, MGA and Curacao licences held by the market-leading casino and sportsbook platform provider.

The company’s latest certification indicates its unwavering commitment to protecting the data of players using the 30+ operator brands in its portfolio, which is set to be enhanced with a new flagship sportsbook in early 2021 and currently includes the SBC-award winning Wazamba.

Ivan Piorischin, Product owner at Soft2Bet, said: “We take data protection very seriously here at Soft2Bet, and it’s fantastic to have that commitment recognised with a coveted accreditation from the The Payment Card Industry Data Security Standard.

“As we look forward to entering new territories and launching further cutting-edge products in the year to come, regulatory compliance will continue to top our priority list.”

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Latvia Parliament Approves Bill to Ban Alimony Debtors from Gambling

Niji Narayan

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Latvia Parliament Approves Bill to Ban Alimony Debtors from Gambling
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The Latvian Parliament (Saeima) has approved at the first reading a bill to ban alimony debtors from gambling, and scheduled a second reading for January 20.

The bill would require operators to ensure that those who owe maintenance payments are not permitted to gamble either in person or online. In order to do so, they must check accounts against the national register of maintenance debtors, with the help of the Lotteries and Gambling Inspectorate, which will create an official data display for licensees.

“The restriction is intended to prevent debtors who do not provide maintenance they owe for a child from using funds unreasonably for entertainment and hobbies,” the Saeima said.

The bill was submitted by the government and has already received approval from the Commission for Human Rights and Public Affairs with no objections. If it passes in the second and third reading and is signed into law, the restriction will come into effect on April 1.

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Compliance Updates

Highlight Games Announces Romanian License

George Miller

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Highlight Games Announces Romanian License
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London-based video virtual sports specialist Highlight Games Limited today announces that it is now licensed to distribute its products in Romania.

Following receipt of its Class II license from the Romanian Gambling Authority, Highlight Games’ exclusive suite of products – including SOCCERBET in English, Italian and Turkish variants and NBA Last 60 – are now available to licensed Romanian operators and will be live with customers in Q1.

‘I’m delighted to confirm that our products are now available to our partners in Romania,’ said Steven Holmes, Co-CEO, Highlight Games.  ‘Europe is a hugely important market for our business, and it’s fantastic to now include Romania in the list of countries in which our games are now available.  Highlight Games’ total online turnover in Italy has increased by 455% since the start of the first national lockdown in 2020, demonstrating the continuing growth in popularity of our video virtuals across all channels.  We look forward to recreating the successes we have seen in Italy within the Romanian virtual sports market,’ he added.

 

About Highlight Games Limited:

Highlight Games is a London-based video virtual sports and games supplier which specialises in the creation of innovative, sports-focused betting experiences. Using a unique patent-protected live video game format, Highlight’s products feature top teams and players from the world’s favourite sports.  The company’s flagship SOCCERBET game is the #1 selling product in Europe’s largest virtual sports market and its branded portfolio of products, which include NBA Last 90 and NBA Last 60, will launch in gaming and lottery markets in the US and around the world in 2020. Featuring highly optimized game design based on decades of archived live action sports footage, Highlight’s products can be tailored to suit the sportsbook or virtual sports offering of operators across retail, online and mobile.

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