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Compliance Updates

PRAGMATIC PLAY TAKES A CRUCIAL STEP IN THE GREEK MARKET BY BEING GRANTED AN A1 SUPPLIER LICENSE

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PRAGMATIC PLAY TAKES A CRUCIAL STEP IN THE GREEK MARKET BY BEING GRANTED AN A1 SUPPLIER LICENSE
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Pragmatic Play, a leading content provider to the iGaming industry, has been granted a Type A1 supplier licence by the Hellenic Gambling Commission.

This licence will allow Pragmatic Play to continue delivering innovative Slots and Live Casino titles to the Greek market under the new regulations.

This news serves to strengthen the provider’s position in the Greek market after already forming lucrative partnerships with Kaizen Gaming and Novibet’s Greek operation.

Greek players will be delighted to be able to avail themselves of popular titles like Fruit Party 2, Sweet Bonanza and Wolf Gold, while also sampling new releases like YumYum Powerways and Chilli Heat Megaways™.

Obtaining this license strengthens Pragmatic Play’s mission of bringing its best-in-class products to regulated jurisdictions.

Sheriff Khamoura, Director of Compliance said: “We are thrilled to take a crucial step into the Greek market by being granted this A1 Licence. This is a great opportunity for us to continue delivering our expanding product offering to Greek operators.”

Currently producing up to five new slot titles a month, Pragmatic Play also delivers Live Casino and Bingo games as part of its multi-product portfolio, available through one single API.

 

Baltics

Lithuania Approves Creation of Online-only Gaming Licences

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The Seimas, Lithuania’s legislature, has approved the first reading of amendments that would allow online-only gaming licences in the country.

At the moment, only operators that have a licence to offer land-based gaming can hold a remote gambling permit in Lithuania. Online-only operators must partner with land-based licensees to be able to offer gaming in the country. The new amendments to legislation would introduce a specific online licence that wouldn’t require a partnership.

Operators who wish to apply for a licence would need to hold at least €1.2m in capital in the case of casino gaming, or €289,000 and €144,000 in the case of online sports betting and online horse racing betting respectively.

Meanwhile, a new fee would apply to all kinds of gambling licences. Licensees must pay a fee of €1m on receipt of their licence and an additional payment depending on the type of licence. That payment would be €300,000 for slots, €100,000 for bingo and €500,000 for remote gambling.

The amendments would also require the construction of new slot halls, bingo halls and betting shops to be approved by municipal councils.

The first reading of the amendments was approved with 74 votes in favour, seven against and 39 abstentions. A second reading is still needed before the proposals become law.

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Asia

Esports Officially Recognised as a Professional Sport in Thailand

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Esports has been officially recognised as a professional sport in Thailand meaning that players and organisations can now be supported by the Sports Authority of Thailand (SAT).

Esports’ popularity has soared in the country with the Thailand E-Sports Federation (TESF) running regular competitions, seminars and workshops.

The sport’s global revenues are projected to surpass $1.5 billion (£1.096 billion/€1.279 billion) by 2023.

The Government involvement could help Thailand become a prime destination for groups like ESL and the Professional Gamers League (PGL) to host their events.

Esports is set to be a medal event at the Hangzhou 2022 Asian Games in China after featuring in the 2018 edition as a demonstration sport.

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Compliance Updates

Dutch Gambling Regulator Imposes €531,250 Fine on Tipico

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Dutch gambling regulator Kansspelautoriteit (KSA) has imposed a fine of €531,250 on Malta-based Tipico Co. Ltd. for illegally offering online games of chance to Dutch consumers.

The online games of chance were offered via the tipico.com website. A starting fine of 200,000 euros applies for this violation. The fine was increased 3 times by 75,000 euros: once for the bonuses on offer and the large number of games and bets offered, once for the use of an inactivity fee and once for offering live betting.

This form of betting carries a higher addiction risk than bets that can only be made before the start of matches. Furthermore, the fine was increased because the age of the players was not visibly verified. Tipico’s website can no longer be reached with a Dutch IP address.

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