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Compliance Updates

Genesis Global has UKGC Licence Suspension Lifted

George Miller

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Genesis Global has UKGC Licence Suspension Lifted
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Swift UKGC Licence Suspension Lift shows Genesis dedication to UK regulation

Genesis Global has been given the green light to resume operating in the UK market for their online casino brands, after the UK Gambling Commission lifted the suspension of its remote operating licence on Wednesday 14th October.

The swift licence suspension lift means that Genesis can resume trading with immediate effect and has stated that they are working hard to take their improved casino brands live again in the next few days, ensuring that their customers are given the responsible and safe gaming environment which they have always worked hard to deliver.

They will continue to work closely with the UKGC to ensure that all concerns are fully satisfied, and further updates about all the ongoing developments at Genesis will be provided accordingly.

Genesis Global Management said: “We are pleased to announce that the suspension of our UKGC licence has been lifted, as a result of the intensive work and huge dedication our business has demonstrated in the last few months. This is clear testament to our commitment to both UK regulations and to our customers. We are also hugely thankful to our staff for their dedication and trust, and to our suppliers who have assisted in rectifying a difficult situation which arose during unusual economic circumstances for the whole world.”

The Licence suspension lift has been reflected on the UK Gambling Commission’s website.

Asia

ASCI Publishes Guidelines on Advertising Real Money Games

Niji Narayan

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ASCI Publishes Guidelines on Advertising Real Money Games
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The Advertising Standards Council of India (ASCI) has published its first set of guidelines on advertising real-money gaming.

ASCI advised its members to exercise caution when promoting real money games, an advertising segment deemed to be high-risk by the watchdog.

ASIC guidelines state that members must ensure that real-money advertisers cannot promote games or services “depicting any person under the age of 18 years” – a requirement enforced across all mediums.

All real money gaming adverts must carry a “Please Play Responsibly” disclaimer, warning consumers of the associated financial risks and potential addictions – with warnings implemented across audio and video platforms.

Also, Indian broadcasters and media owners must ensure that participation in real money games is not depicted as an “income opportunity or employment option.”

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Compliance Updates

Invitation BOS webinar on bonus regulation

George Miller

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Invitation BOS webinar on bonus regulation
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Learn all about the Swedish bonus regulations! The do’s and don’ts of what gambling companies can offer their customers under the regulations. Welcome to a BOS webinar in cooperation with law firm Westerberg & Partners Advokatbyrå on the theme: Bonuses on the gambling market – what is the legal position in Sweden?

Thursday December 3, 11 am-12 pm CET

The Administrative Court in Sweden rendered verdicts in four cases earlier this year on the rules in the Gambling Act of what constitutes a bonus and the dividing line between lawful welcome bonuses and unlawful bonuses. At least three additional cases will be examined by the Court in the near future. Two of the cases have been appealed to the Administrative Court of Appeal. An additional case has been examined by the Patent and Market Court regarding the legal restrictions on the marketing of bonuses. The case partly confirms and partly contradicts what the same court stated in the first judgment on the issue last year.

We bring clarity to the courts’ reasoning and verdicts with support from Westerberg & Partners Advokatbyrå and its lawyers Stefan Widmark, Bodil Ehlers, Petter Larsson and Josefine Lindén. They will guide us towards an increased understanding of the regulations on bonuses, conditions for bonuses such as requirements on use, time limits, including the admissibility on, inter alia, the following offers:

  • VIP-schemes
  • Loyalty programs
  • Recurring deposit bonuses
  • Offers of recurring bonuses when depositing funds
  • Offers of recurring cashbacks
  • Weekly free games
  • Recurring free spins

In addition – as a bonus – we offer concluding reflections from the CEO of Åland based gambling company Paf Christer Fahlstedt. Paf operates in many jurisdictions. How well does the Swedish bonus regulation work compared to other jurisdictions? Has Sweden found the perfect balance between costumer protection and profitability?

The webinar will be held in English. RSVP no later than December 2 to [email protected]

The webinar is not exclusive for BOS members but open to all interested. A link to the webinar will be distributed on December 2.

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Compliance Updates

Italian Court Rules in Favour of Operators in License Extension Dispute

Niji Narayan

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Italian Court Rules in Favour of Operators in License Extension Dispute
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Recently, several operators have headed to the Italian court to launch appeals concerning extensions for their expiring licenses. Now, the Lazio TAR Administrative Court has returned its verdict in favour of operators.

This rules against the ADM Customs and Monopolies Agency, Italy’s gambling regulator and the ones who initially declined to grant extensions to the licenses.

Betway, Nexigames, Snaitech and Sportpesa filed separate appeals against the end of their licenses. These licenses were due to expire at the end of October.

The court ruled that the ADM should give a one-year extension to each operator which would become effective immediately. They also ruled that the government would not be able to deny license extension requests regardless of the potential upcoming reforms.

With a new Budget Law being signed at the end of December, the TAR also advised that the government should include some clear conditions for online gambling concessions.

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