Connect with us

Compliance Updates

Swintt granted permission to operate in the UK


Visit Wazdan at ICE London at the N7-420 stand

Published

on

Swintt granted permission to operate in the UK
Reading Time: 2 minutes

 

Leading online casino software supplier announces much-anticipated licensing agreement to bring its award-winning catalogue of games to players at UKGC-regulated platforms

Innovative software supplier, Swintt, is delighted to announce that it has been successful in its application for a UK license, meaning players at UKGC-regulated platforms will soon be able to enjoy its extensive collection of award-winning video slots and live casino games.

Having been founded in 2019, Swintt has enjoyed a meteoric rise in the iGaming industry over the past few years and now boasts a rich and varied catalogue of over 140 state-of-the-art releases. Such has the studio’s impact been in that short space of time that the company was named Innovation in Mobile winner at the EGR B2B Awards in 2022 in recognition of its ground-breaking product offering.
Now that the company has gained approval to distribute its games in the UK, Swintt will continue with its over-arching strategy to expand into regulated markets worldwide and bring its titles to a vast new audience, many of whom may not yet be familiar with the studio’s pioneering range of bonus features.

As part of the first phase of the launch, Swintt will unveil a couple of titles in its signature Xtra range of slots, Aloha Spirit XtraLockTM and Mystic Bear XtraHoldTM, as well as the popular mobile-first release, Candy Gold. Boasting trademark features such as jackpot Tiki Spins, locking re-spins and purchasable block-busting power-ups, all three titles will offer a totally unique slot experience to UK-based players.

This popular trio of games will be further complimented by the release of a title that will no doubt strike a chord with casino fans in the country – The Crown starring Vinnie Jones. Featuring a celebrity appearance from the former Welsh international footballer turned actor and philanthropist, The Crown sees players put together a crew as they prepare for a daring heist on London’s famous jewels.

The first slot in the Swintt catalogue to feature multiple base game locations, The Crown allows players to play at one of four different venues, each of which boasts its own signature wild and bonus feature. Should they land three or more jewel scatter symbols at any location, they’ll also trigger the Crown Caper feature, where they’ll be able to collect up to 12 Free Spins with a maximum 7x prize multiplier.

The Crown should prove to be a big hit with fans of the Lock, Stock and Two Smoking Barrels movie and will certainly provide plenty of entertainment as Swintt continues to roll out the rest of its releases across the UK.

David Mann, Chief Executive Office at Swintt, said: “Swintt is thrilled to be able to announce the issuance  of a UK licence that will enable us to share our incredible collection of games with players at UKGC-licensed platforms for the very first time.
“While we should be able to announce the first of our UK partners shortly, in the meantime I can assure players that it won’t be long until they’re able to access some of our award-winning titles and experience the features that have helped us become one of the leading software providers.”

Compliance Updates

UKGC Imposes £6.1M Fine on Online Operator In Touch Games

Published

on

Reading Time: 2 minutes

 

The UK Gambling Commission (UKGC) has imposed a fine of £6.1 million on In Touch Games (ITG) for social responsibility and anti-money laundering failures.

Social responsibility failures included:

  • Not interacting with a customer until seven weeks after they had been flagged for interaction for erratic play patterns and extended periods of play.
  • Accepting a customer’s word that they earned £6000 a month without verifying this information after the customer account was flagged due to customer spend and gambling during unsociable hours.

Anti-money laundering failures included:

  • Not adequately taking account of the risk of a customer being a beneficiary of a life insurance policy; having links to high-risk jurisdictions; or being a politically exposed person (PEP), family member of a PEP or known close associates of a PEP, within its money laundering and terrorist financing risk assessment.
  • Not having policies, procedures and controls in place to address the risk factors mentioned above.
  • Not sufficiently considering the Commission’s money laundering and terrorist financing risk assessment or the Commission’s guidance.
  • Not ensuring its policies, procedures and controls were implemented effectively, for example not following its own policy to request source of funds information from customers who had deposited and lost £10,000 in a 12-month period.

This is the third time ITG have faced regulatory action – in 2019 it paid a £2.2m settlement for regulatory failures and in 2021 it received a £3.4m fine and warning for further failures.

Kay Roberts, Executive Director of Operations at UKGC, said: “Considering this operator’s history of failings we expected to see significant improvement when we carried out our planned compliance assessment. Disappointingly, although many improvements had been made, there was still more to do.

“This £6.1m fine shows that we will take escalating enforcement action where failures are repeated and all licensees should be acutely aware of this.”

Continue Reading

Compliance Updates

MGA Exploring the Development of a Voluntary ESG Code of Good Practice for Remote Gaming Sector

Published

on

Reading Time: < 1 minute

 

The Malta Gaming Authority (MGA) is exploring the development of a voluntary Environmental, Social and Governance (ESG) Code of Good Practice for the remote gaming sector.

As noted by the MGA, the idea comes amid investors, consumers and employees becoming “increasingly aware of the impact that companies have on society and the environment,” which has resulted in a growing awareness of ESG matters.

Concerning this matter, the Maltese Government in recent years has launched a voluntary ESG reporting platform in a bid to encourage companies to publicly report on their ESG performance. This will then hopefully drive investment towards sustainable business.

Starting from 2024, all large or listed groups will be required to report under the Corporate Sustainability Reporting Directive (CSRD), with the MGA now embarking on a journey to develop a voluntary code for the remote gaming sector. It aims to help guide and prepare local licensees for upcoming ESG legislation and to gain the benefits associated with running a “sustainably conscious operation.”

The code aims to establish the common priorities for ESG in gaming, with the needs of key stakeholders taken into consideration. Reducing environmental, social and governance impacts whilst continually enhancing Malta’s reputation as a leading Gaming jurisdiction is also being taken into consideration.

The MGA added: “Looking ahead, we expect to see more and more companies taking concrete actions towards becoming more sustainable, and we believe that reporting such efforts contributes positively to implementing change within the sector and improving its overall perception, while also addressing the increasing demand for transparency and accountability in the industry.

“As part of this initiative, the MGA has launched a survey with its licensees who are the key partners in the process of transforming the gaming sector into a more sustainable and transparent one.”

Continue Reading

Compliance Updates

Boldplay Awarded Gibraltar Licence

Published

on

Boldplay Awarded Gibraltar Licence
Reading Time: < 1 minute

 

Boldplay has been awarded a licence from the Gibraltar Licensing Authority to offer its services to all regulated online casino platforms there.

The supplier will now be available to offer its catalogue of over 80 slot, table game, bingo, keno and virtual scratch card titles to new audiences on a wide variety of regulated platforms.

While Boldplay has already received game certification for the UK, Portugal, Malta and the Isle of Man, the company has now acquired its first fully-fledged market licence.

Boldplay founder and Chief Executive Officer, Valli Fragoso, said: “As a Gibraltar-based business, we’re incredibly proud of gaining a licence that will enable us to operate in what is effectively our home territory.

“Some of the world’s biggest and most ambitious operators are located in Gibraltar and having our games available in their lobbies will help us further raise the profile of the Boldplay brand, pursue new partnerships and push on with our goal of becoming one of the industry’s leading software providers.”

Continue Reading

Trending

Get it on Google Play

European Gaming Media and Events is a leading media and boutique event organizer in the European Union with a monthly reach of +110,000 readers. The official company (PROSHIRT SRL), has been listed for 4 years in a row among the top 3 Advertising and market research agencies in the local Top Business Romania Microcompanies based on the Financial Reports.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2022 European Gaming Media and Events. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.