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Compliance Updates

Intema announces Isle of Man OGRA license application

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Intema announces Isle of Man OGRA license application
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Intema Solutions Inc. is pleased to announce that the Isle of Man regulatory authorities have formally accepted for review the application by Livestream Esports Limited, a wholly owned subsidiary of Intema, for a license under the Online Gambling Regulation Act (OGRA) 2001.

“Obtaining this license from one of the world’s most prestigious gaming jurisdictions would be another great milestone for Intema, particularly in the context of the proposed acquisition of LOOT.BET,” said Laurent Benezra, Intema’s President and Chief Executive Officer. “The Isle of Man promotes the highest standards of jurisdictional control in the gaming industry. In addition, the license granted by this regulatory body has many financial and logistical benefits, and would allow us to offer continuous fun, safe and responsible gaming experiences for gamers around the world.”

Team Bloodhounds Inc. Acquisition

Additionally, further to the press release dated June 22, 2021 and the press release dated September 24, 2021, as consideration in respect to the acquisition of Team Bloodhounds Inc. (“Team BH), Intema has made a cash payment of $60,500 and issued 943,396 common shares of Intema to the shareholders of Team BH (with an additional cash payment $60,500 payable in three months following the closing of the acquisition).

Compliance Updates

Push Gaming rolls out in Romania

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Push Gaming rolls out in Romania
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Push Gaming has launched its growing range of player-first games in Romania as the provider continues to grow its European footprint.

The announcement will see Push Gaming bring its award-winning games to the Romanian market, following its full certification to the standards set by Romania’s national regulator, the ONJN.

The highly respected accreditation and Push’s recent growth will allow it to partner with multiple leading operators as the supplier prepares to announce a series of multiple high-profile deals in the next few months.

Established as one of Europe’s most exciting tier-one game providers, Push’s content provision to new operators includes the SiGMA Europe Game of the Year, Jammin’ Jars 2, as well as winner at the CasinoBeats Developer Awards – Dinopolis, proving hugely popular with players with a one-of-a-kind dinosaur-based theme.

Led by Fiona Hickey, Head of Sales, the highly popular studio aims to continue its record-breaking 18 months of commercial success – with a mission to keep players at the heart of its highly engaging and immersive content.

Commenting on the supplier’s expansion plans, Fiona Hickey, Head of Sales at Push Gaming said: While already well-established in a relatively short space of time, the Romanian market has great potential to become even bigger and our innovative portfolio of games sets us up perfectly to make the most of the opportunity.

“These are exciting times for Push, we’re growing at a remarkable pace and with new key hires in place behind the scenes to support our accelerating expansion we’re in fantastic shape to make our mark in several new regions.”

The announcement comes on the back of a hugely successful year for Push Gaming, having picked up the Game of the Year crown at the 2021 SiGMA Europe Awards.

Established as one of the industry’s most entertaining suppliers, Push Gaming is live across the majority of Europe’s key regulated markets with the likes of Casumo, LeoVegas, Entain, The Rank Group, Betsson and PaddyPowerBetfair. Its growth roadmap is set to see entry into more global jurisdictions with further top-tier partners throughout 2022.

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Compliance Updates

UKGC: Regulatory action against Greentube Alderney Limited

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UKGC: Regulatory action against Greentube Alderney Limited
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An online gambling business must pay £685,000 after a Commission investigation revealed social responsibility and money laundering failures.

Greentube Alderney – which operates admiralcasino.co.uk and bellfruitcasino – will also undergo extensive independent auditing for the failures which occurred between December 2019 and November 2020.

The Commission investigation revealed that the operator failed to:

  • interact with customers in a way which minimises the risk of customers experiencing gambling harms
  • conduct adequate assessments of the risk of money laundering
  • have in place and implement appropriate policies, procedures and controls to prevent money laundering
  • to alert the Commission to an event that could have a significant impact on the nature or structure of a licensee’s business

Helen Venn, Commission Executive Director, said: “Compliance with Commission rules aimed at keeping people safe and gambling crime free is not optional. We will always take firm action against those operators who fail to meet the high standards we expect for consumers in Britain.”

A public statement reveals more details of the failings.

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Compliance Updates

Finnish Committee Says Gaming Payment Blocks Could Violate Article 15 and 18 of Finland’s Constitution

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Along with Norway, Finland is one of the few countries in Europe to retain a state-controlled monopoly system for gaming. However, a government committee has suggested it sees no justification for protecting that.

Analysing a proposed amendment to Finland’s Lotteries Act which would allow for payment blocking against non-licensed operators, the Constitutional Committee has concluded that there are no grounds to protect the monopoly of the state-controlled operator Veikkaus.

The bill filed in September would allow Finland to block payments to all gaming operators other than Veikkaus. Payment providers would have to implement the ban from January 1, 2023.

However, the Constitutional Committee argued that the payment block would be “a far-reaching restriction of fundamental rights” and could not be justified by the argument that it aimed to prevent gambling harm.

It said such a block could violate Article 15 of Finland’s constitution, which covers the protection of property, and Article 18, which guarantees the freedom to conduct business.

The Committee has asked the government to investigate whether “less intrusive methods” could be explored to achieve the desired goals.

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