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Compliance Updates

SoftGamings Is E-Class Licensed by the Belgian Gambling Commission

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SoftGamings Is E-Class Licensed by the Belgian Gambling Commission
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The Belgian Gambling Commission (BGC) has granted a license to SoftGamings brand, a leading provider and aggregator of casino software.

This milestone expands SoftGamings’ influence in the global market. It reflects the company’s desire to develop and improve its products constantly. SoftGamings’ award-winning software has already proven to meet the highest industry standards in leading jurisdictions.

The Belgian E-Class License enables SoftGamings to offer its branded services to Belgian-licensed operators. The obtained license applies to activities related to the B2B sale, lease, supply, import and export of gambling products. This opens the door to a one-stop service for integrating API games from prestigious vendors in a short time. We’re currently expanding our activities throughout the regulated Belgian market and making our products available to all operators licensed by BGC and all those who plan to obtain one.

What are the benefits of the E-Class License? It grants the rights to supply products and services to licensed B2C operators in Belgium, opening up opportunities for them to:

Use SoftGamings’ platform with back-office tools, including third-party software integrated into the Platform;
Implement additional analytical and marketing software as a stand-alone product allowing integration with the Platform;
Use support and maintenance services in relation to the Platform and licensed software.

By collaborating with SoftGamings’ brand companies, Belgian companies with B2C licenses will be able to integrate providers of high-quality gaming content for testing easily. The streamlined process replaces the need for multiple integrations and offers a convenient one-stop-shop approach.

Belgium legalised gambling in 1999, and online gambling followed in 2002. As a result, the market is known as one of the best-regulated gambling zones.

Anna Lalina, Head of Partnerships at SoftGamings, said: “The SoftGamings brand has received a Belgian E-Class License, adding to the collection of existing licenses from Malta, Greece, Romania, the Isle of Man, and others. These achievements are in line with SoftGamings’ strategy and mission to expand our continued presence in the Western European markets. From now on, offers and requests for cooperation from Belgian operators will be met. They’ll receive ready-made casino solutions and other software solutions for this market.

Belgian licensing was an important development for the SoftGamings brand. This milestone laid a solid foundation, paved the way for new solutions in the field of online gambling, and increased competitiveness in mature markets like Belgium.”

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Aspire Global Facing Pair of Legal Battles

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Prominent online gaming software and platform provider Aspire Global has been named as the defendant in a pair of court cases that could potentially result in it being ordered to pay compensation totaling up to €101 million ($109 million).

In the first complaint, Aspire Global is being sued in the United Kingdom by the founders of sports betting software, solutions and services provider BtoBet, Alessandro Fried and Igor Lestar, for €36 million ($39 million). This pair inked a deal in 2020 to sell their company to the Malta-based defendant in exchange for an upfront payment of some €20 million ($21.6 million) as well as an earn-out consideration tied to future earnings before tax.

However, Fried and Lestar through their Sousa Enterprises Limited and Eltsar Limited entities are alleging Aspire Global, which was last year acquired by NeoGames as part of a deal worth some €402.3 million ($423.5 million), violated the terms of this share purchase agreement by spending too little and not charging enough so as to deliberately decrease revenues and the subsequent earn-out sum.

The complex case with its many intricacies is not expected to go to trial before 2025 but could well result in Aspire Global being ordered to pay more than the €36 million headline figure. The financial implications are even more concerning as the defendant’s NeoGames parent is currently in the process of being acquired by Aristocrat in an arrangement valued at north of €1 billion.

In the United States and Aspire Global has also been separately named as the offender in an action brought by Ebet Incorporated, which is the operator of the Karamba, Griffon Casino, Hopa, Generation VIP, Scratch2Cash, Gogawi, Dansk 777 and Bet Target iGaming brands. This Nevada action is seeking some €65 million ($70 million) embracing compensatory damages, punitive fines and other financial penalties to be proven at trial and moreover names AG Communications and other affiliated entities as defendants.

Ebet Incorporated acquired specific business-to-consumer (B2C) assets and associated websites from Aspire Global in 2021 and simultaneously entered into a ‘white-label’ operator agreement embracing collaborative efforts on the future running of the purchased assets. The plaintiff is claiming the defendants breached these deals by manipulating their books to falsify and overstate active player data and exaggerate the health of the acquired properties.

As if this wasn’t bad enough, Aspire Global is furthermore being accused by Ebet Incorporated of violating the terms of the agreements by materially failing to maintain necessary operations in Germany, falsifying records and violating industry regulations. The allegations could potentially shape the future trajectories of these companies as they also run to reputational harm, fraud, breach of contract and other unnamed violations due to be proven during the course of the trial.

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Compliance Updates

Habanero obtains Swedish B2B licence for slots and RNG portfolio

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Habanero obtains Swedish B2B licence for slots and RNG portfolio
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Premium slots and table games provider Habanero has been granted a licence from the Swedish Gambling Authority (SGA) in a move which will further boost its presence in Europe.

The supplier is now permitted to provide its entire full catalogue of games to operators in the region, including the likes of perennially popular player-favourites such as Hot Hot Fruit, Mystic Fortune Deluxe and Santa’s Village.

Marking the latest milestone for Habanero, it follows the provider’s MGA licence award as well as approvals in the likes of Romania, the Argentinian-regulated City and Province of Buenos Aires, and Panama.

Habanero is now live in 22 European markets and has major agreements with tier-one operators such as Entain, Sisal, Sportium and Betway.

Commenting on its latest licence, Arcangelo Lonoce, Head of Business Development at Habanero, said: “Being awarded our Swedish licence is both gratifying and exciting for Habanero as we look to scale up our operations in the market and partner with leading stakeholders to bring the wonderful world of Habanero to even more players than ever before.

“This new licence is a testament to our dedication to our adaptability as well as our commitment to navigating and complying with regulatory landscapes worldwide.”

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Compliance Updates

ELA Games obtains the MGA Recognition Notice

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ELA Games is delighted to announce that it has been authorized by the Malta Gaming Authority. Marking the beginning of our expansion into select global markets in collaboration with MGA.

ELA Games continues its strategic expansion in Europe and it is another major step in its ability to access distribution and commercial partnerships with companies based in the iGaming hub of Malta.

Mike Cini, Business Owner at ELA Games, commented: “We’re delighted to have obtained our MGA Recognition Notice as it is another major milestone in our regulatory expansion. Malta is the leading iGaming hub in Europe and being authorized there will enable us to work even more closely with our operators and bring player engagement to the next level for our partners.”

ELA Games focuses on producing high quality products that are stacked with gamification features, quality design and animation. Recent releases include Vikings Wild Cash and Lucky Dwarfs. They have already received amazing feedback from operators and players and the studio looks forward to signing more partnerships and launching more games in the coming months.

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