Compliance Updates
LOTP secures Isle of Man licence
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
GoldenRace is now certified in the Netherlands
GoldenRace, global provider of award-winning Virtual Sports and betting solutions, has recently obtained a certification for its highly acclaimed Virtual Sports and Games in the Dutch market.
GoldenRace successfully navigated the stringent regulatory landscape of the Netherlands, and now will be providing its impressive betting products into the Online Dutch market, which will be an important advancement in our operational expansion.
The Netherlands betting scene is on the cusp of a substantial growth phase and with GoldenRace’s latest certification, we introduce to the Dutch market a range of highly popular games tailored to desktop and mobile, in both scheduled and on-demand modes.
Among the offer, players will enjoy our most-played Virtual Football line-up – including Football Single, Leagues, World Cup and Euro Champions-, adrenaline-pumping 3×3 Basketball and MMA and top-notch races as Horse Racing, Greyhound Racing and Grand Prix Indianapolis 60. Last but not least, our Number Games, such as Spin2Win. All ready to captivate Dutch players.
Asia
PAGCor Welcomes Lawyer Wilma Eisma as New President and Chief Operating Officer
The Philippine Amusement and Gaming Corporation (PAGCor) today welcomed its new President and Chief Operating Officer, lawyer Wilma Eisma, who took her oath of office before Executive Secretary Lucas Bersamin in Malacanang this morning.
“We are happy to welcome Atty. Wilma Eisma as PAGCor’s new President and Chief Operating Officer,” PAGCor Chairman Alejandro Tengco said. “We know she will be a great asset and her vast experience in both the government and private sectors will surely be put to good use here.”
Tengco said he witnessed Eisma’s oath-taking in Malacanang this morning. She then immediately joined her first PAGCor board meeting in the afternoon as the agency’s first ever woman President and Chief Operating Officer.
A lawyer by profession, Eisma earned her law degree from the Ateneo de Manila University and was a member of the Board of Directors of the Development Bank of the Philippines before joining the state gaming firm.
Prior to that, she also served as the first woman Administrator and Chairman of the Subic Bay Metropolitan Authority (SBMA).
Her private sector stints include leadership roles in PMFTC Incorporated, the Philippine affiliate of Philip Morris International.
She also held key positions at the Department of Trade and Industry where she worked at the Office of the Secretary and in the Office of the Majority Leader in the House of Representatives, among others.
Eisma succeeded Atty Juanito Sanosa Jr who resigned as PAGCor President and Chief Operating Officer last January.
Compliance Updates
MGA: Update to the Incident Reporting Requirements
The Malta Gaming Authority would like to inform its licensees of updates made to the Incident Report mechanism available through the Licensee Portal The information hereunder outlines relevant guidance and procedures for the submission of an Incident Report through the updated reporting instrument entitled the ‘Technical – Information Security Incident’.
As mandated by Articles 37(2)(c) and (d) of the Gaming Authorisations and Compliance Directive (Directive 3 of 2018), “Licensees shall notify the Authority forthwith, and in any case no later than three (3) working days after, the following:
(c) Any breach of the licensee’s information security that adversely affects the confidentiality of information relating to players;
(d) Any breach of the licensee’s information security that precludes players from accessing their accounts for a period exceeding twelve (12) hours.”
In this regard, Licensees are obliged to submit an Incident Report in order to notify the Authority of the circumstances relating to an information security breach that meet the above specified criteria. Additionally, Licensees are advised to remain mindful of any further obligations emanating from the General Data Protection Regulation (EU/2016/679) and any relevant legislation.
The Technical – Information Security Incident option will be accessible through the “New/Change” dropdown menu via the Portal. Upon selection, users will be directed to the applicable sections of the ‘Technical – Information Security Incident’ where all compulsory fields and any relevant documentation must be submitted to the Authority.
Upon submission, the Incident Report shall undergo review by the Authority. Any missing information that may be identified by the Authority, shall be requested accordingly from the Licensee. It is imperative that any pending clarifications are addressed in a timely manner.
If no further clarifications are deemed necessary by the Authority, the Incident Report will be closed off accordingly, and any relevant documentation will be securely filed for record-keeping purposes.
Any Incident Reports left in ‘Draft’ form (i.e. opened but not effectively submitted) for a period of ninety (90) days shall be automatically discarded.
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