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Compliance Updates

Greece Raises Betting Limits for Online Slots and Poker

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The Greek government has confirmed that it will ease player wagering restrictions on online casino and poker verticals.

Positive developments for market incumbents will see the government increase its €2 maximum wager on online casino (slots and table games) to €20.

Announced by the Hellas government gazette, the increase on maximum wagers will be instantly effective from May 2022 onwards and will be further applicable for online poker and its associated RNG games.

The changes follow a Year-1 review of Greece’s relaunched gambling regime by the Ministry of Finance.

Further positives saw the government announce that Jackpot values on games of chance and slots would be doubled from an existing €70,000 cap to €140,000.

The Hellenic Gaming Commission (HGC) provided a further technical update that will allow licensed operators to reduce game/spin times from 3-to-2 seconds.

The HGC further revealed that it would extend its compliance window for operators to connect to its centralised monitoring system until December 2022.

HGC President Dimitris Ntzanatos welcomed the Finance Ministry’s decision to increase wagers on online casino and poker – stating that his department had backed the outcome in its recent auditing report of Greek gambling.

Compliance Updates

GLI to share Integrated Compliance Solutions approach at iGB Live!

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GLI to share Integrated Compliance Solutions approach at iGB Live!
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Gaming Laboratories International (GLI) has confirmed that it will be attending iGB Live! (5-8 July, Amsterdam RAI) with a sharp focus on supporting start-ups and smaller businesses on every aspect of their compliance journey.

GLI VP of Sales EMEA, Chris Davies explained: “iGaming continues to grow, and there are opportunities for companies of all sizes. We work with many start-ups and smaller organisations, and we have the expertise to simplify the process of testing and certification and support them every step of the way. Our Integrated Compliance Solutions approach has been meticulously designed to support our clients’ needs wherever they are on their unique compliance journey and wherever their business goals take them: we’re excited to share that approach with the digital gaming industry at iGB Live.”

Chris Davies added: “iGaming is a fast-moving sector with different expectations around speed of delivery and getting to market. The market tends to be a younger demographic and they want to move faster to maximise the opportunities that are there today. That’s both a challenge and an opportunity for our clients, and we have proactively prepared by expanding our teams across the globe to meet additional demand and help organisations get to market faster without compromising on standards. As is the case with land-based gaming, there are nuances in the various jurisdictions, and we help our clients understand those nuances so that they can be successful wherever they choose to go.

“We live in an increasingly global world and our global vantage point allows us to see opportunities ahead of anyone else. What also helps our clients is the fact that our EMEA team live and work in jurisdictions across EMEA. This means they have the local expertise and knowledge to understand the complexities and challenges of individual markets as well as the backing of a global team of experts who can deliver for the client. For us success is about helping our clients take full advantage of the exciting opportunities, avoid the alarming pitfalls and grow their businesses.”

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Ethiopia’s Ministry of Women and Social Affairs Seeks to Ban Sports Betting

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The Ministry of Women and Social Affairs of Ethiopia has announced that it is working to get sports betting banned in the country.

Abebe Haimanot, a representative of the Ministry’s Youth Personnel Development Directorate, said works were underway to get sports betting banned taking into consideration the issue of youth and youth personality development as well as various economic and social crises the sector is causing.

He said that although various discussion forums and movements have been organised to push for an end of sports betting, due to various reasons, such forums are not being adequately conducted.

Abebe further said that based on a series of surveys conducted by the ministry at various times, sports betting is identified as posing a risk to young people and youths alike.

The Ministry has started by classifying sports betting as gambling, the official said, which has multifaceted problems in itself.

“Gambling brings a social crisis that can take teenagers and adults into unwanted paths,” he said, adding that it also “discourages” anyone from working and changing lives, which can also lead to the disintegration of the family. Furthermore, Abebe said the sector also causes various psychological problems such as “depression and suicidal thoughts,” and called on all concerned stakeholders to take timely measures against it.

The Ministry already announced its plans to ban sports betting a few months ago, but 05 March betting firms requested the government to reconsider its plans before taking actions. The firms argued “betting is not gambling.”

“We are receiving a lot of negative comments from the community about sports betting. But that is not true. We are legally licensed by the National Lottery and we are also obeying our social responsibility,” Vegas Sport Betting Executive Director, Yonas G. Alemu, said.

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Compliance Updates

BGaming’s portfolio of online games is now fully compliant with the German regulation

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BGaming's portfolio of online games is now fully compliant with the German regulation
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BGaming is delighted to announce that the studio has implemented all the technical improvements required by the German market regulator and is ready to provide its iGaming content to the local operators.

BGaming’s portfolio of online slots is now fully compliant with the German regulation. The company has started supplying its high-quality games to partners working with German traffic and operating in the .de national domains.

After changes in the new Interstate Treaty on Gambling 2021, which allowed operators to provide online slots on a federal level, there were still several significant restrictions regarding the content casinos could provide to their players. The regulations related to the length of the spin, stake limit, auto-play, and other online slot performance.

BGaming has finished the adoption of its existing slots to all the required by German regulator guidelines and is ready to distribute its content to partners operating in the .de domains or working with German-located players. 

The requirements BGaming added to its portfolio of games for the German market are as follows:

– Five seconds spin length;

– No autoplay feature;

– €1 per spin stake limit;

– Game’s description in German language, where the RTP must be visible.

Alexandr Shavel, Head of Business Development Department at BGaming, commented: “Thanks to BGaming’s agile technical team, we could quickly define the needs of the local operators and help them overcome the difficulties of the German regulations. We aim to strengthen relationships with German partners and will continue supplying them with the best content compliant with the local law.” 

These improvements are expected to grant BGaming further content distribution to the German region and strengthen the studio’s position in regulated markets.

 

BGaming is a fast-growing game provider converting gambling into gaming. Thanks to an expert team and a player-driven approach, the studio creates innovative and engaging products featured on reputable platforms and 700+ online casinos worldwide. BGaming is the world’s first to support cryptocurrencies and offer Provably Fair games. Today the brand’s portfolio includes 80+ products with HD graphics and a clear user interface for every device.

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