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Compliance Updates

IAGR AND IGSA ANNOUNCE COLLABORATION FOR EFFECTIVE AND EFFICIENT GAMING REGULATION

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IAGR AND IGSA ANNOUNCE COLLABORATION FOR EFFECTIVE AND EFFICIENT GAMING REGULATION
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In a first for both organisations, the International Association of Gaming Regulators (IAGR) and the International Gaming Standards Association (IGSA) are pleased to announce a collaboration aimed at maximising opportunities for effective and efficient gaming regulation.

In announcing the initiative IAGR President Mr Mabutho Zwane said, “As regulators, we recognise that dialogue with industry is fundamental to both understand the sector and make informed decisions which can advance efficient and effective gambling regulation.”

“This is particularly important at this time where there is opportunity to leverage technology to drive innovation in regulatory practice.”

IGSA President Mr Peter DeRaedt said on announcing the initiative, “IGSA is the single technology standards setting organization in the gaming industry. We strongly believe that collective dialogue with regulatory authorities on an international level is crucial to enhance regulatory oversight while driving efficiencies for operators and suppliers. Our collaboration with IAGR is an enormous step forward towards the betterment of the gaming industry as a whole.Our organisation is very excited about the opportunities this new collaboration presents.”

The initiative will focus on two key priorities over the coming year:

  • Discussion and information exchange concerning known and emerging issues impacting regulatory policy and practice;
  • Identifying opportunities to leverage standards and technology to advance efficient and effective gaming regulation;

As leading voices within the global gaming industry IAGR and IGSA look forward to the outcomes of this collaboration over the next 12 months and building on this initiative over time.

Compliance Updates

MGA | Updates to the Gaming Authorisations and Compliance Directive & Key Function Eligibility Criteria Policy

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MGA | Updates to the Gaming Authorisations and Compliance Directive & Key Function Eligibility Criteria Policy
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The Malta Gaming Authority is hereby publishing a series of amendments to the Gaming Authorisations and Compliance Directive (Directive 3 of 2018). The amendments mainly relate to the following:

  • The overall number of key function roles and their underlying responsibilities;
  • The deadlines by when certain key function requirements are to be observed;
  • The persons who shall shoulder responsibility in the absence of duly appointed key function holders;
  • The manner and form in which declarations and assurances are to be made by auditors on behalf of licensees during submission of audited financial statements; and
  • The applicability of suspicious betting reporting requirements.

These amendments are being published together with a Policy on the Eligibility and Ongoing Competency Criteria for Key Persons. This Policy is intended to revise and collate the existing eligibility criteria while also introducing authorisation renewal requirements related to continuous professional development for existing key persons. Moreover, the Policy clarifies the MGA’s position regarding the compatibility of key function roles with each other in light of the amendments to the Directive.

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Compliance Updates

GGPoker Awarded License And Opens To Dutch Market

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GGPoker Awarded License And Opens To Dutch Market
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Following soft launch period, Dutch players have full access to the global poker room

GGPoker today confirms that the poker room received an online gaming license from the Dutch regulator (KSA) on October 1 and, after a soft launch period, is now accepting players at full capacity in the Netherlands.

Any delays encountered by new GGPoker.nl players during the soft launch period have now been resolved, and the account set up and funding processes have been streamlined wherever possible.

GGPoker is among the very first global operators to receive a Dutch license. The local site ggpoker.nl allows Dutch players to enjoy the best poker software and the most exciting tournaments and cash game action.

The Dutch-licensed operation of GGPoker also offers the Responsible Gaming and other safer gambling features required by local regulation, ensuring each player’s peace of mind and control over their gambling activity.

“The online poker landscape has changed a lot since the closure of the Dutch market, several years ago. Arguably, the biggest difference is that GGPoker is now the largest poker site in the world and the place where everyone loves to play. We’re really excited to welcome Dutch players to GGPoker to compete for the most prestigious poker achievements or just to have some fun at the tables” said Marco Trucco, Head of Europe at GGPoker.

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Compliance Updates

Intema announces Isle of Man OGRA license application

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Intema announces Isle of Man OGRA license application
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Intema Solutions Inc. is pleased to announce that the Isle of Man regulatory authorities have formally accepted for review the application by Livestream Esports Limited, a wholly owned subsidiary of Intema, for a license under the Online Gambling Regulation Act (OGRA) 2001.

“Obtaining this license from one of the world’s most prestigious gaming jurisdictions would be another great milestone for Intema, particularly in the context of the proposed acquisition of LOOT.BET,” said Laurent Benezra, Intema’s President and Chief Executive Officer. “The Isle of Man promotes the highest standards of jurisdictional control in the gaming industry. In addition, the license granted by this regulatory body has many financial and logistical benefits, and would allow us to offer continuous fun, safe and responsible gaming experiences for gamers around the world.”

Team Bloodhounds Inc. Acquisition

Additionally, further to the press release dated June 22, 2021 and the press release dated September 24, 2021, as consideration in respect to the acquisition of Team Bloodhounds Inc. (“Team BH), Intema has made a cash payment of $60,500 and issued 943,396 common shares of Intema to the shareholders of Team BH (with an additional cash payment $60,500 payable in three months following the closing of the acquisition).

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