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Compliance Updates

Pinnacle Solution granted Malta sports betting licence

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Pinnacle Solution granted Malta sports betting licence
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Pinnacle Solution, the B2B arm of pioneer sportsbook Pinnacle, has – as of March 8, 2022 – been licensed by the Malta Gaming Authority (MGA) to provide its services to sportsbook partners within its jurisdiction.

The highly-regarded MGA licence, along with a new esports product which is to be showcased for the first time at ICE 2022, will underpin the supplier’s ambitious growth plans for H2 2022 and beyond, with the company looking to unlock partnerships in a number of new territories, with particular focus across Europe and Latin America.

Recognition by the MGA is the latest milestone for the risk management experts, having grown exponentially in recent years by adapting Pinnacle’s B2C sports betting and trading heritage into an award-winning, revenue-driving B2B product which now services more than 50 operators globally.

The granting of the licence follows a thorough process which placed Pinnacle Solution’s technology and working processes under intense scrutiny, with the end results showing that the sportsbook supplier was operating transparently, within EU rules, and with no technical changes required for approval.

Pinnacle Solution will now look to use its flexible product suite, which will include its recently-expanded esports offering, to target new partners looking for an accredited supplier capable of extracting the full potential out of their sports betting brands.

Paris Smith, CEO of Pinnacle, commented: “We’ve made great efforts to ensure our trading practices and technology stack can be scaled quickly, openly, and transparently in order to give our sportsbook partners a first-class service that delivers the enhanced hold and revenue performance they’re after.

“Obtaining the MGA licence is proof that our expert teams have developed products that meet the market’s demands and high standards, and we’re now looking forward to servicing new partners in more markets with the ultimate sports betting, esports, and risk management solutions.”

Pinnacle Solution will be exhibiting at ICE 2022, from April 12–14, showcasing its iFrame Solution, Risk Management API, and award-winning esports product to all interested parties looking to boost their sportsbook’s performance.

Compliance Updates

Georgian Govt to Introduce Permit Requirement for Specific Online Gambling Operations

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Georgian Govt to Introduce Permit Requirement for Specific Online Gambling Operations
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Online gambling businesses – including online casinos, slot machines and betting – will be subject to mandatory permits for specific types of operation, following the Georgian government’s reveal of amendments to the relevant law on Monday.

According to the bill, online casino permits will be issued only to casino holders, with online slot machine permits likewise granted only to slot machine holders and betting permits issued only for holders of betting businesses.

The amendments seek to replace the current regulations that allow online gambling businesses to add different types of operations without acquiring additional permits.

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Compliance Updates

NOVOMATIC Attains G4 Certificate in Italy and Spain

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NOVOMATIC Attains G4 Certificate in Italy and Spain
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NOVOMATIC has announced that it has been certified in Italy and Spain for its player protection and the protection of minors by the Global Gambling Guidance Group (G4).

For NOVOMATIC, as an international operator of gaming venues as well as a globally exporting technology supplier, Responsible Gaming has always been a top priority. Following the certifications already achieved by the top-selling subsidiaries in Austria, Germany, the UK and the Netherlands, the G4 certification in Italy and Spain now underlines NOVOMATIC’s position as a leading supplier of Responsible Gaming in these core markets, as well.

Johannes Gratzl, Member of the Executive Board of NOVOMATIC, said: “The successful G4 certification according to the highest international player protection standard now also in Italy and Spain is a remarkable success for us and proves the high importance of player and youth protection at NOVOMATIC.”

Ryszard Presch, his colleague in the Executive Board of NOVOMATIC, added: “As an operator of international casinos and a globally exporting technology supplier, compliance with the strictest Responsible Gaming standards and our commitment to social responsibility are an essential part of our corporate strategy. The certifications in Italy and Spain are further milestones on the chosen path, which will be consistently implemented as we move forward.”

Ynze Remmers, Lead Auditor at G4, said: “G4, as a worldwide accreditation program, urges the gambling industry to take responsibility and minimize the impact of problem gambling on communities. NOVOMATIC, successfully passing audits in their five biggest markets and the Netherlands, with the most recent successful audits in Italy and Spain is showing that the chosen route is working. NOVOMATIC demonstrates that Responsible Gambling and harm minimization is a top priority.”

NOVOMATIC was the first Austrian gaming company to be certified according to the internationally recognised standard, which is considered the strictest in the field of player protection worldwide. The fact that the majority of the Group’s revenues are already certified according to G4 is also unique in the industry. Every three years, the relevant standards are audited in line with the latest scientific findings on the basis of around 100 criteria from all business areas – these include, for example, internal guidelines on prevention training, player and youth protection measures, responsible marketing activities, customer education on the risks of gambling, and self-limitation or blocking options.

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Compliance Updates

Lady Luck Games Group secures B2B UKGC licence

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Lady Luck Games Group secures B2B UKGC licence
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ReelNRG Limited, part of the LL Lucky Games AB Group of companies has obtained its B2B United Kingdom Gambling Commission (UKGC) licence.

By securing this licence the company is now able to distribute both Lady Luck Games and ReelNRG content to a host of leading operators via its own platform.

Players will be able to enjoy Lady Luck Games’ top-performing titles The Treasures of Tizoc, Beetle Bailey and Astro Anna, as well as its latest release SpinJoy Society Megaways. Top ReelNRG titles such as Dark Spells, Genie`s Gold and Mr. Mostacho will also be available to play.

The UKGC processes every application with the highest attention to detail and is recognised globally as one of the highest bars of entry for a gaming company. Receiving a UKGC licence will allow Lady Luck Games to continue their impressive growth and build upon new and existing partnerships with leading operators.

Mads Jørgensen, Co-Founder and Chief Executive Officer of LL Lucky Games AB said: “Securing a UKGC gaming licence is a significant moment for our company. We are now able to provide our premium gaming content to our partners in the world`s preeminent and established market, the United Kingdom. This is a moment we`ve all been waiting for, and to see this finally happening is a massive achievement and will open many new doors for Lady Luck Games.”

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