Compliance Updates
Sweden Issues First Supplier Licences
Spelinspektionen has announced that it has issued its first three gaming supplier licences.
Programutvecklarna i Norrköping AB, Skill On Net and Synot Games will become the first licenced gaming suppliers in Sweden as of 1 July 2023, with the permits covering an initial five year period.
Further applications will be accepted from 1 March, and Spelinspektionen has outlined that “around 60” have so far been received and are currently being processed.
Sweden first began moving towards adopting a B2B licensing system last year, with licensing requirements for gaming software introduced by the Riksdag in mid-November.
The Ministry of Finance (Finansdepartementet), one of the most influential ministries on Swedish gambling policy, endorsed the reform, which incorporated B2B licences under the existing Swedish Gambling Act upon parliamentary approval.
“The purpose of introducing the requirement is to increase channelling and thereby discourage illegal gambling,” the regulator explained in its latest update.
“Unlicensed game operators must not be able to use suppliers who manufacture, provide, install and/or change game software for game operators who have a licence in Sweden.”
A consultation period on B2B licences began in May 2022, after which companies were informed that new requirements would be adopted for all online gaming software suppliers and game developers.
Compliance Updates
Compliable Expands Licensing Offering to Europe and Latin America
Leading licensing management solution now supports new global markets
Leading compliance software provider Compliable is now supporting licensing in European and Latin American markets, further strengthening its proposition following a successful period of growth in the United States.
With experience of working with prominent industry brands including FanDuel, Bet365 and BetFanatics in North America, Compliable’s platform can now help companies complete, manage and maintain gaming licenses across multiple global jurisdictions.
Compliable is expanding into new markets at a time of increased regulatory obligations in numerous regions as well as a heightened demand from suppliers and vendors to get licensed from a reputational point of view.
Markets in Europe as well as emerging regions in Latin America are now supported by Compliable’s software solution, which enables operators and suppliers to enter new countries more quickly and reduces the ongoing burden of regulatory requirements.
Compliable’s software platform and tools provide customers both significant time and cost savings, as employees enter key information just once in the licensing process with the information then auto-populated across multiple forms, generating error-free applications every time.
The solution cuts the time it takes to get employees licensed by 90% to less than an hour, which has led to an increase of up to 700% in the number of employees that can be onboarded.
“Following discussions with our customers and prospects, it became clear that there is a demand for our market-leading licensing management solution outside of the United States and we are pleased to now be able to streamline the licensing process for even more companies in additional jurisdictions,” the Chief Executive Officer for Compliable, Chris Oltyan, said. “Licensing compliance can slow down your ability to expand into new markets but it doesn’t have to. Using our platform to remove bottlenecks in the acquisition and management of licenses frees up time and attention so our customers can focus on their go to market plans.”
Compliance Updates
ITIA: Croatian Official Suspended from Tennis
The International Tennis Integrity Agency (ITIA) confirmed that Croatian tennis official Marko Stojanovic has been suspended from the sport for five years and six months after admitting to breaches of the Tennis Anti-Corruption Programme (TACP).
Stojanovic, a national-level official, admitted to 15 breaches of the TACP, including manipulating data from matches in which they were an official to facilitate betting.
Stojanovic, who is accredited at national level and has officiated at ITF tournaments, co-operated fully with the ITIA investigation and accepted an agreed sanction, waiving their right to a hearing before an independent Anti-Corruption Hearing Officer. Stojanovic has also been fined $25,000, of which $18,750 is suspended.
The official’s agreed sanction began on 19 February 2024 and will end at midnight on 18 August 2029.
During the suspension, Stojanovic is prohibited from officiating at, or attending any tennis event authorised or sanctioned by the members of the ITIA (ATP, ITF, WTA, Tennis Australia, Fédération Française de Tennis, Wimbledon and USTA).
The ITIA is an independent body established by its tennis members to promote, encourage, enhance and safeguard the integrity of professional tennis worldwide.
Compliance Updates
MGA Successfully Hosts its First Sports Betting Integrity Conference
The Malta Gaming Authority (MGA) has hosted its first Sports Betting Integrity Conference, further cementing the Authority’s dedication to fostering open dialogue, knowledge-sharing and maintaining a gaming landscape that is free from corruption and any form of unethical practices.
The event convened high-profile stakeholders integral to the sports betting integrity sector, including the Union of European Football Associations (UEFA), the International Olympic Committee (IOC), the International Betting Integrity Association (IBIA), the United Nations Office on Drugs and Crime (UNODC), the International Tennis Integrity Agency (ITIA), the eSports Integrity Commission (ESIC), Genius Sports and Sportradar.
Local stakeholders included the Malta Police Force, the Malta Football Association (MFA), the Authority for Integrity in Maltese Sports and the Office of the Attorney General.
Opening the conference, MGA CEO Charles Mizzi said: “As the MGA, ensuring the integrity of sports betting is not merely a regulatory obligation; it is a cornerstone of our commitment to fostering a fair and sustainable gaming environment.”
Mr Mizzi emphasised that the conference’s foremost objective was that of leading a united effort in addressing the complex challenges of maintaining integrity within sports and sports betting. As the industry continues to transform – introducing new technologies and increasingly sophisticated methods – success depends on the ability to share knowledge, experiences and best practices. Through this synergy, stakeholders can outpace those intent on corrupting the essence of sports and betting.
Such gatherings, therefore, serve as invaluable opportunities to pool resources and expertise, serving as catalysts for positive change. The Authority extends its gratitude to all attendees for their engagement and participation.
-
Central Europe6 days ago
Sponsors Spotlight: Pixpel Makes Crypto Games Safe and Fun for Players and Developers in Web3
-
Asia5 days ago
Tencent benefits from multiple new game launches on Steam
-
Compliance Updates6 days ago
UK Gambling Commission Adds Nine Members to its Industry Forum
-
Australia6 days ago
Newcastle Hotel Fined for Gaming Machine Offences
-
Industry News6 days ago
Entain Appoints Ronald J. Kramer as Independent Non-Executive Director
-
Latest News4 days ago
Week 11/2024 slot games releases
-
Latest News6 days ago
Lottoland selects DoTrust Complete to streamline financial risk checks on gamblers
-
Africa6 days ago
EGT Digital took the “Outstanding Contribution to Responsible Gaming of the Year” prize from SiGMA Africa Awards