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Compliance Updates

Soft2Bet gains MGA licence for two brands

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Soft2Bet gains MGA licence for two brands
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Casino and sportsbook platform provider Soft2Bet has launched two of its brands, Campobet and YoyoCasino, under the Malta Gaming Association licence in a significant step as it looks to expand in regulated jurisdictions worldwide.

The licence will allow both brands to supply their solutions to operators within several European territories, offering a full end-to-end platform for partners.

With a flexible, customisable solution that can be tweaked to the operator’s specifications, YoyoCasino includes a select number of the brand’s most popular games, including Divine Fortune Megaways, Bonanza Megaways and Starburst, with more to follow in the near future.

One of Soft2Bet’s top-performing brands in Europe, CampoBet offers an immersive roster of casino games alongside bespoke sports betting options to create an all-in-one entertainment experience.

Boris Chaikin, CEO of Soft2Bet, said: “We are delighted that YoyoCasino and Campobet have been launched under the MGA licence. This allows us to operate in a number of new markets, which is a huge milestone for us as a company and will take us to the next level as we rapidly grow our regulated footprint.

“Our portfolio of cutting-edge casino and sportsbook brands appeals to an impressive range of audiences, and this will help us to further extend its reach across the globe.”

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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