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Fifth VIXIO Global Regulatory Awards nominations open today

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Fifth VIXIO Global Regulatory Awards nominations open today
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Industry’s only awards dedicated to regulatory and compliance excellence back for in-person showpiece London event with new categories and judges

Nominations for the fifth annual VIXIO Global Regulatory Awards are open from today, with the industry’s most important event recognising excellence in regulation, responsible gambling and compliance back for a gala in-person event on 21st October.

Following last year’s virtual event due to the global pandemic, organisers VIXIO GamblingCompliance are delighted the event is returning to its home of the De Vere Grand Connaught Rooms in London.

There are 20 awards in total with the addition of four new categories, Outstanding Contribution to Safer Gambling, Outstanding Contribution to Sports Betting Integrity, Responsible Gambling Service or Solution Provider of the Year, and Safer Gambling Campaign of the Year.

Three new judges have also been added to a star-studded panel including Richard Flint, former CEO of SkyBet and current board member at Flutter, Jon Duffy, Director of Corporate Assurance and Regulatory Affairs at Genting Casinos UK, and Khalid Ali, CEO, International Betting Integrity Association (IBIA).

Mike Woolfrey, CEO VIXIO, said: “This year’s awards come at a time when the industry is under the regulatory spotlight more than ever with the Covid-19 outbreak seeing digital growth explode, player protection at the forefront of the news agenda, and multiple markets either opening their doors to online activity or making sweeping regulatory changes that will impact our industry for years to come.

“This has meant that compliance professionals have been working harder than ever to deliver safe and responsible products to safeguard global consumers with many teams and individuals successfully leading their organisations through unprecedented times.

“Our awards recognise the incredible contribution compliance professionals make to our industry’s reputation as one of the most innovative, dynamic and, above all, highly regulated in the world. We are expecting to receive some stellar entries in the coming weeks with the standard getting higher every year, and we can’t wait to celebrate with everyone in October.”

Entries for the awards open today 17th May and close on 30th July. The shortlist of finalists will be announced on 1st September with the gala black-tie ceremony on 21st October in partnership with charity sponsor Young Gamers and Gamblers Education Trust (YGAM).

Compliance Updates

Leap Gaming Licensed in the UK

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Leap Gaming Licensed in the UK
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Leap has just received a Supply License by the UKGC.

“We are pleased to announce that Leap received a content supply license by the UKGC.
The long-awaited UK license is a meaningful milestone for Leap, allowing it to access the UK gaming market.

The UKGC license is added to the other recent licenses obtained by Leap in Sweden, Netherlands, Romania , South Africa and Greece.

Yariv Lissauer, CEO of Leap commented: “We are delighted and honored to have been granted the UKGC Supply license. The UK is a very important territory for Leap as it is one of the prime gaming markets in the world.

The UK is a key benchmark and a trendsetter for most of the gaming jurisdiction globally and serves as a hotbed of innovation. Moreover, the UK is also within the footprint of many of our live and contracting partners, and we look forward to rolling out our content there shortly”.

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Asia

Representatives Propose Legalisation for Land-based and Online Casinos in Thailand

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A group of parties led by the Thai Local Power Party has suggested changes to Thailand’s Gambling Act to allow both land-based and online casinos. They propose allowing four casinos in Thailand’s busiest areas.

Chutchawan Kong-u-dom, leader of the Thai Local Power Party and his party members along with 20 representatives of smaller parties have submitted the draft amendment to House Speaker Chuan Leekpai through political working group member Pongsri Tarapoom.

Chutchawan said the draft amendment aimed to generate revenue amid an economic downturn and thus help reduce Thailand’s national debt.

Kovit Puangngam, a party list-MP of the Thai Local Power Party, said legalising online casinos would let authorities collect taxes from licencee holders and decide how to punish illegal casino operators.

Kovit said that under the proposals 90% of tax revenue collected from licence holders, including their application fees, would fund state welfare initiatives. This would include debt relief in the agricultural sector, as well as student loans and occupational development. Kovit said the other 10% will go to the Ministry of Finance.

He said Thailand could earn THB 1.5 trillion in revenue from tax collection and application fees from online casinos.

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Compliance Updates

Portuguese Regulator Approves Crash Games

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Portugal’s regulator has approved a draft regulation that will allow crash games to be played in the country.

Portugal’s Gaming Regulation and Inspection Service (SRIJ) announced the approval on May 19. It took effect on May 20, with the country’s Legal Regime for Online Gaming and Betting amended to include crash games in the legislation.

Crash games are house-banked games that allow players to play against the operator. They are based on a multiplier, which increases from 1 throughout the game to a maximum of 100.

Players aim to withdraw their bet before the game ends, receiving their initial stake times the multiplier if they do so. If they fail to do so, they lose their stake.

The legislation states that the multiplier will go from 1x to 100x. Additionally, the return to player cannot be less than 80%.

Licensed operators in the country may now apply for permission to offer the games.

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