Connect with us
SoftSwiss
Playson

Compliance Updates

LOTP secures Isle of Man licence

George Miller

Published

on

Amber Gaming Appoints Jade Zorab as Managing Director
Reading Time: 2 minutes

 

Online sportsbook operator aimed at esports and sports fans now in final preparation for launch

Lord of the Pot (LOTP) has been awarded a B2C licence by the Isle of Man Gambling Supervision Commission and will now enter the final stages of preparation before launching its online sportsbook aimed at esports and sports fans.

Amber Gaming assisted LOTP through the licensing process, ensuring that it was able to meet and exceed the standards set by the Isle of Man regulator.

Prior to launch, LOTP will integrate live fantasy and pari-mutuel games from software provider, Tokigames. Back-office functionality will be provided by Pragmatic Solutions while the operator’s affiliate programme will be run and managed by Affiliate Insider.

LOTP will primarily target players in Asian markets and allow them to place wagers on the outcomes of real-life battles on popular games such as Counter Strike: Global Offensive, Dota 2, League of Legends as well as traditional sports.

The operator took the decision to set up operations on the Isle of Man due to the island’s reputation as a tier one jurisdiction with an innovative and forward-thinking regulator that understands the global igaming industry and especially the Asian market.

A spokesperson at LOTP, said: “The Isle of Man sets that standard when it comes to licensing online gambling organisations and with its understanding of the Asian market, it was the perfect fit for our business.

“Of course, we wanted to ensure we were working to its standards from the get-go and Amber Gaming has proved vital in helping us navigate the licensing process while also making sure that we not only meet but exceed these requirements.

“With our Isle of Man licence, we can now prepare to launch LOTP in the Asian markets we have identified as offering the greatest potential and with a product that we know is meeting the highest levels of safe gaming and responsible gambling.”

Karen Yates, Director and Head of Corporate Governance at Amber Gaming said, “We are delighted to have assisted LOTP in securing its B2C licence from the Isle of Man Gambling Supervision Commission, which sets the highest possible standards for operators to meet.

“Just like the regulator, the Amber Gaming team is highly experienced  in the Asian market and we know what operators need to do in order to meet and exceed the requirements set by the Commission, which in this instance has ensured that LOTP has secured its licence in a timely manner.

“LOTP has a strong foundation on which to build a successful business in Asia and we are honoured to have played a part in its journey to date.”

Compliance Updates

Relax Gaming Gibraltar Ltd secures coveted UKGC licence

George Miller

Published

on

Relax Gaming Gibraltar Ltd secures coveted UKGC licence
Reading Time: 2 minutes

 

Relax Gaming, the igaming aggregator and supplier of unique content, has seen its Gibraltar company, Relax Gaming Gibraltar Ltd, approved by the UK Gambling Commission, signalling further growth opportunities in one of the world’s strongest markets.

The approval will see Relax’s roster of quality casino games made available to UK operators through its Gibraltar arm. Another milestone in the company’s impressive recent growth, Relax has already successfully transferred operator partners Boylesports, 32Red and BetVictor onto its Gibraltar network, with Entain’s UK brands, including Ladbrokes and Coral, amongst the next to follow suit.

The new licence is the company latest, following its approval from the Gibraltar licensing authority and in parallel of the group other companies licences with the Malta  Gaming  Authority, the United Kingdom Gambling Commission and the Romanian National Gaming Office, multiplying the points of supply for the regulated markets.

The expansion further into the UK comes as Relax continues to strengthen its position in regulated markets including the Nordics, another key market renowned for its discerning player-base. Its performance there was recognised earlier this year with an EGR Nordics Casino Content Supplier award, further highlighting Relax’s status as an in-demand provider in regulated territories.

Commenting on the acquisition of the UKGC licence, Tommi Maijala, Relax Gaming CEO, said:

“Following a fruitful relationship with the UKGC through our Malta-based company, having all our products and services approved for our Gibraltar branch is another major commercial highlight for us. Its significance will be felt across the business, including by our valued third-party partners.

“This licence acquisition represents fresh opportunity in our drive to deliver excellence and growth across all regulated markets.”

Relax Gaming has an established reputation as one of the industry’s leading B2B suppliers, providing its partners with an award-winning portfolio of more than 2000 online casino games.

As well as featuring headline slots from its in-house studios, Relax Gaming also offers a vast collection of content aggregated through its Silver Bullet and Powered By Relax partnership programmes.

Continue Reading

Australia

BERGIN REPORT UPDATE RE CROWN’S BARANGAROO CASINO

George Miller

Published

on

BERGIN REPORT UPDATE RE CROWN’S BARANGAROO CASINO
Reading Time: 2 minutes

 

The NSW Independent Liquor & Gaming Authority has reached agreement with Crown Resorts on several matters regarding operation of the Barangaroo casino.

Crown has agreed with the Authority to:

  • pay a proportion of the costs of the Bergin Inquiry,
  • immediately commence payment of the Casino Supervisory Levy,
  • not operate any international junket operations,
  • make all gaming in its casinos cashless with card technology linked to identity and a recognised financial institution, and
  • phase out indoor smoking at its Australian resorts by December 2022.

The agreement was reached following discussions between the regulator and Crown Resorts about issues identified in the Bergin Report concerning the future management and operation of Crown’s Barangaroo casino.

In separate discussions, The Star has also agreed to cease all international junket operations and work with the Authority in moving towards cashless gaming, using a card linked to identity and to a recognised financial institution.

In seeking to establish that it is suitable to hold a casino licence in NSW:

Crown has undergone significant Board renewal,
All senior executives, against whom concerns were raised by Bergin, have left,
All senior executive positions are being filled by candidates with relevant expertise and experience, and
Independent audits are well under way on several aspects of Crown’s operations.

ILGA chair Philip Crawford said Crown was making significant progress in addressing the serious concerns raised in the Bergin Report.

“Crown, through its Executive Chair Helen Coonan, is addressing many of the issues which caused Commissioner Bergin to find that it was unsuitable to hold a casino licence in NSW,” Mr Crawford said.

“The Authority has also entered into an agreement with CPH to address issues around its influence and control over the management of Crown.”

Mr Crawford said an Independent Monitor is being appointed to report back to the Authority on several of Crown’s structural changes, with particular focus on its corporate governance, anti-money laundering measures and culture.

“The Authority will await the report from the Independent Monitor, and the result of the financial accounts audit, before making a final decision on suitability,” he said.

“Any changes to Crown’s ownership structure, including takeover or merger proposals, require the Authority to consider a range of issues including undertaking full probity assessments of any new entrants, how a merged entity would operate, and the extent to which any existing agreements with Crown would need to be reviewed.

“Any concerns around monopolies would be a matter for the Australian Competition and Consumer Commission,” Mr Crawford said.

Continue Reading

Compliance Updates

Maxima Compliance launches multi jurisdiction compliance safe solution

George Miller

Published

on

Maxima Compliance launches multi jurisdiction compliance safe solution
Reading Time: < 1 minute

 

Full-service compliance provider Maxima Compliance has launched Maxima DataVault, a proprietary multi-jurisdictional “SAFE” solution through which operators will be able to comply with the requirements of several European regulated markets.

Maxima DataVault platform allows operators and suppliers to send raw XML or JSON data that Maxima adapts into the required regulators’ format in order to record and store gambling transactions.

Via an easy-to-use customer console, users can retrieve the latest API documentation, transparent spend and invoices, the amount of data transferred, and a variety of usage reports.

The service launches for regulated jurisdictions including the Netherlands, Germany, Denmark, Romania, Greece, Portugal and Spain.

Maxima DataVault comes with free support for system certification, and the option for additional support with set-up – particularly useful when entering new jurisdictions.

Antonio Zanghi, CEO of Maxima Compliance, said: “Maxima DataVault is a state-of-the-art technology platform designed to fit all types of clients, from the small operator to the largest. Its multi-jurisdictional approach enables operators to conduct a single integration for multiple jurisdictions as well as providing a very clear and simple pricing model, saving time and money.

“With a 99.8 percent uptime guaranteed, analytics to ensure consistency of the data and dedicated technical account management team, Maxima DataVault brings peace of mind to an area we know causes concern for many operators.”

Maxima DataVault is the latest product from Maxima Compliance. In March, the provider announced the launch of Maxima Quality Assurance, a new QA service to help suppliers eliminate the risk of software or compliance issues and delays as games are certified.

And last year saw the creation of Complitech, the world’s first technical compliance database for the global gaming industry.

Continue Reading
Advertisement
Lightning Lucky Six by NSoft
Advertisement
EvoPlay
Advertisement
Kasyno Online na HEX Polska

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.