Latest News
XTiP will continue to sponsor MSV Duisburg
XTiP, the Malta-based sportsbook provider, will continue as the main sponsor and jersey sponsor of the German second division football club MSV Duisburg.
The club has announced the decision of contract extension with the sports bookmaker was extended for another year.
It is a good signal for the MSV Duisburg that XTiP accompanies us after the successful season 17/18 in the upcoming season as the main sponsor,ā said MSV CEO Peter Mohnhaupt. The company has been the main sponsor since 2017 and previously supported the club.
XTiP secured a comprehensive rights package for the newcomer to the new season, which includes not only its presence on the LED bands and the static grandstands, but also digital activation measures.
Source: 5star.media
Baltics
Evoplay bolsters presence in Lithuania with Betsafe deal
Evoplay, the award-winning game development studio, is expanding in the Baltics thanks to its latest tie-up with Betsafe in Lithuania.
The deal sees over 90 of the supplierās leading titles live on the Betsson Groupās Lithuanian brand Betsafe, a leading operator in the market.
Included in the agreement are Evoplayās top-performing titles such as Elven Princesses, Hot Triple Sevens and The Greatest Catch Bonus Buy which are now available for Betsafe players.
The latest integration follows a string of similar deals for Evoplay who has continued its expansion across regulated markets in Europe and beyond.
Ihor Zarechnyi, CBDO at Evoplay, said: āIntegrating our products to Betsafe, a leading brand in Lithuania, is another important step in our commercial trajectory as our titles continue to grow in popularity and develop a stellar reputation among gaming enthusiasts worldwide.
āLithuania is a vibrant and dynamic market, and we are thrilled to bring our award-winning content to even more players in the region.ā
Aurimas Å ilys, Head of Lithuania at Betsson Group, said: āBoosting our offering with a diverse array of titles is of utmost importance for Betsafe as we strive to deliver an unmatched gaming experience to players in Lithuania.
āWe are delighted to integrate Evoplayās dynamic portfolio into our offerings, and we anticipate it will resonate exceptionally well with our audience.ā
Latest News
EL Executive Committee Names Mr Ionut-Valeriu Andrei as New Member
The EL Executive Committee has named Mr. Ionut-Valeriu Andrei as its newest member during its meeting on April 5. Mr. Andrei is the General Manager of Loteria RomĆ¢nÄ since 2022, and succeeds Mr. Olgierd Cieslik, whose term as CEO of Totalisator Sportowy (Poland) has concluded.
āIt is with great pleasure to welcome Mr Ionut-Valeriu Andrei as a new Executive Committee member. As an experienced executive, Mr Andrei has already contributed in various ways to our Association and the EL Executive Committee members trust he will continue to do so in the future,ā Arjan van āt Veer, Secretary General of EL, said.
Mr Andrei will oversee the learning and development activities of EL. His appointment underscores the further commitment of the European Lotteries to inclusivity and collaboration among its members.
āI am honoured to join the EL Executive Committee and look forward to working closely with my colleagues to advance the mission and values of the Association,ā Ionut-Valeriu Andrei said.
Mr Andreiās co-optation will be formalised during the upcoming EL General Assembly in Salzburg (Austria) on 17 June 2024.
Compliance Updates
EGBA Welcomes European Parliamentās Approval Of New EU Anti-Money Laundering Framework
The EUās new anti-money laundering package aims to create a more consistent regulatory framework and will benefit online gambling operators by standardising AML rules and reporting requirements across member states.
Brussels, 24 April 2024 ā The European Parliament has approved the EUās new anti-money laundering (AML) package at its plenary sitting today, marking a significant milestone towards a new EU framework for combatting financial crime. The European Gaming and Betting Association (EGBA), representing Europeās leading online gambling operators, welcomes the Parliamentās approval of the new AML package and believes the incoming rule changes will strengthen the EUās approach to tackling money laundering.
The newĀ packageĀ will contain:
- AĀ single rulebookĀ regulationĀ ā with provisions on conducting due diligence on customers, transparency of beneficial owners and the use of crypto-assets.
- TheĀ 6th Anti-Money LaunderingĀ DirectiveĀ ā containing national provisions on supervision and national AML authorities, as well as on the access of authorities to necessary and reliable information, e.g. beneficial ownership registers.
- The establishment of theĀ European Anti-Money Laundering Authority (AMLA)Ā ā which have supervisory and investigative powers to ensure compliance with AML requirements, operating in conjunction with national AML authorities.
EGBA believes the new rules will benefit Europeās online gambling operators by ensuring a consistent regulatory approach across EU member states. Another important feature, under the competence of AMLA, will be the creation of a harmonised reporting format for Suspicious Transaction Reports (STRs). This will ensure that Europeās online gambling operators encounter the same STR requirements across all EU member states, thereby setting clear and consistent expectations that will reduce administrative burdens and costs.
To assist online gambling operators in complying with the EUās new AML rules, EGBA has developed industry-specificĀ guidelines on anti-money launderingĀ which apply a risk-based approach and include practical measures that operators can take ā on customer and business risk assessments, customer due diligence processes, suspicious transaction reporting, and record keeping. EGBA members already apply the guidelines and submit annual reports to EGBA that summarise their progress in implementing its measures. The guidelines are also open to all operators based in the EU and EGBA encourages operators to sign up to them.
The AML package now awaits formal adoption by the Council of the EU, expected in May, before being published in the EUās Official Journal.
āWe welcome the European Parliamentās approval of the new anti-money laundering package. The new framework will set high standards and ensure greater consistency in the application of AML rules across the EU. Online gambling operators, especially those operating in multiple countries, will benefit from a single rulebook and harmonised reporting requirements that will unravel national complexities. We will look to review our industry guidelines on AML to ensure their alignment with the new EU rules. By signing up to the guidelines, operators can already prepare themselves for the incoming changes in the EU rules and join our members in their efforts to proactively and positively contribute to the EUās fight against money laundering.āĀ ā Dr. Ekaterina Hartmann, Director of Legal and Regulatory Affairs, EGBA.
Source: EGBA
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