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Compliance Updates

Green Jade Games extends Maxima Compliance partnership

George Miller

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Green Jade Games extends Maxima Compliance partnership
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Innovative casino content studio Green Jade Games has extended its partnership with leading compliance provider Maxima Compliance. 

The one-year extension will see Maxima Compliance continue to handle all of Green Jade’s operational compliance. This will cover all technical compliance and certification needs, as well as regulatory compliance.

Green Jade Games Chairman Jesper Kärrbrink said: “We have worked with Maxima Compliance for the past two years, and their team’s efficient approach to compliance has helped us grow extremely quickly in regulated markets. 

“It was a no-brainer for us to extend this partnership as Maxima Compliance has become a key part of our operations, and we are excited to have their full support as we plan our next steps.”

Maxima Compliance Managing Director Antonio Zanghi said: “Green Jade Games are producing some of the most exciting casino content in the world. Understandably, operators in diverse regulated markets are clamouring to add these titles. 

“We look forward to continuing to assist Green Jade in meeting their compliance requirements across multiple markets, and standing side-by-side with the company during its remarkable growth story.”

Founded by Jesper Kärrbrink and Ben McDonagh in Malta, in 2017, Green Jade Games is a fast-growing B2B casino content provider delivering category-defining content such as Adventure Slots and Real Money Skill arcade-style games. For more information, please visit: https://greenjade.com/

Maxima Compliance is the leading full service regulatory and technical compliance provider for the betting and gaming industry. With unparalleled experience, leading operators and suppliers trust Maxima to deliver innovative compliance solutions. For more information, please visit: https://www.maximacompliance.com/

Central Europe

Austria to Establish New Gambling Authority

Niji Narayan

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Austria to Establish New Gambling Authority
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Gernot Blümel, the Finance Minister of Austria, has announced a wide-ranging overhaul of the country’s gambling regulatory framework, that will see player protection controls ramped up, new transparency requirements introduced, and a new supervisory authority formed.

The Austrian Treasury is currently responsible for licensing and enforcement of gambling regulations, but the new authority will take charge of these duties.

Blümel said that the key focus of this new regulator will be player protection, necessitating a series of new controls on legal and illegal gambling.

“Player protection is of particular importance, as gambling is a very sensitive area for players, their families and for society, which also carries considerable risks,” he explained.

“Players are often affected by addiction and as a consequence confronted with financial, psychological and existential issues.”

As a result, the regulator will be tasked with establishing a national self-exclusion system covering online and land-based gambling.

It will also be expected to step up enforcement activity against unlicensed operators and will have the power to order internet service providers to block access to these sites.

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Compliance Updates

Betkick and Betago Secure German Sportsbook Licences

Niji Narayan

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Betkick and Betago Secure German Sportsbook Licences
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Stoiximan-owned Austrian operator Betkick Sportwettenservice and Malta-licensed Betago have become the latest operators to secure federal sports betting licences in Germany.

Betkick can now legally offer betting via the Betano.de domain. Originally founded in Austria, it was acquired by Kaizen Gaming, then Stoiximan, in July 2018.

Betago, meanwhile, has secured retail and online licences for the market.

The pair’s licences mean that 23 brands have been approved to offer sports betting in Germany since October 2020, when the first licences were awarded.

However, the number of approvals lags far behind the number of applicants. In February last year, the body responsible for licensing, the Regional Council of Darmstadt, said it had received 30 applications, with a further 20 operators signalling their intention to apply.

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Australia

Victorian Government Announces Royal Commission into Crown Casino

Niji Narayan

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Victorian Government Announces Royal Commission into Crown Casino
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The Victorian Government has announced the establishment of a royal commission into Crown Resorts, to test the operator’s suitability to hold its Melbourne casino licence.

Former Federal Court judge Raymond Finkelstein, QC, will lead the inquiry. The Government had previously established a review into Crown’s suitability, which will occur in parallel with the royal commission.

It comes after an 18-month-long New South Wales inquiry into Crown, in which former Supreme Court judge Patricia Bergin examined evidence of the operator facilitating money laundering and its links to organised crime. That NSW Independent Liquor and Gaming Authority (ILGA) inquiry found Crown unfit to hold a licence at its new Sydney casino.

“Since receiving [that] report, the Government has taken advice about the most appropriate way to proceed in Victoria,” a statement from the Victorian Government read.

“Establishing a royal commission will ensure the most appropriate access to information regarding Crown Melbourne’s suitability to hold the casino licence given the commission’s powers to compel witnesses and documentation.”

Crown acknowledged the decision shortly after, with the operator also announcing the resignation of long-serving director Harold Mitchell from the company’s board.

Helen Coonan, Crown’s executive chairman, commented: “Crown welcomes the announcement from the Victorian Government as it provides an opportunity to detail the reforms and changes to our business to deliver the highest standards of governance and compliance, and an organisational culture that meets community expectations.

“Victorians should be assured we recognise the responsibility placed on us by the community, governments and regulators and we will fully cooperate with the royal commission.”

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