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Compliance Updates

Referral Fi2024/01087, Closing state casinos and a more effective money laundering supervision

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BOS comments on the government’s closure of Casino Cosmopol, Sweden’s last remaining land-based casino:

“OK to close the state casino but at the same time open up for private initiatives”

The Swedish Trade Association for Online Gambling (BOS) today submits its opinion on the government’s initiative to close the last physical casino in Sweden, state-owned Casino Cosmopol in Stockholm.

BOS supports the proposal, agreeing with the government’s argument that governments should not operate casinos. At the same time, BOS believes that the government should allow private land-based casinos in Sweden. This is currently prohibited and is proposed by the government to be prohibited in the future as well. As a consequence, Sweden will therefore not have a single legal land-based casino in the near future.

“Land-based casinos play a very small role in terms of their turnover, but they still have a function in the overall ecosystem of the gambling market. In addition, they fulfill a function for Sweden as a tourist country and to deter illegal gambling clubs. We propose that the government, at the same time as they close their own government casino, open up for private companies to offer land-based casinos in Sweden”, says Gustaf Hoffstedt, Secretary General, BOS.

The government’s memorandum can be read in Swedish here: https://www.regeringen.se/rattsliga-dokument/departementsserien-och-promemorior/2024/05/avvecklande-av-statliga-kasinon-och-en-effektivare-penningvatttillsyn/

 

The BOS opinion statement can be read here:

  1. It shall no longer be permitted to operate casinos in Sweden

The Ministry of Finance’s proposal: a) The gambling form gambling at a casino should no longer be included in the state gambling license type, b) Nor should any other license type be able to grant the right to provide gambling activities at a casino.

BOS approves proposal (a) and disapproves proposal (b).

 

  1. The restriction on state lotteries should be removed

The Ministry of Finance’s proposal: There should be no special restrictions on the types of lotteries that may be provided with a state gambling license.

BOS disapproves the proposal.

Compliance Updates

Comtrade Gaming Obtains Romanian License to Distribute Games

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Comtrade Gaming’s CG Games division has announced its approval for the distribution of casino content in Romania.

The license will allow players in Romania to access a range of games from the CG Games portfolio, including Sweet Treasure, Crash Soccer, Wild Miner, Diamond King, Break the Bank and many more.

“This is a key step for CG Games. We have been very successful in the Romanian market for many years, with our iGaming Platform, and this extension of our license means we can increase our offering to our partners. It also now allows us to work with all operators in that market, regardless of the platform they use, and we are very excited to bring our games to this market,” said Comtrade Gaming’s Chief Commercial Officer, Steven Valentine.

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Compliance Updates

Betsson Group shortlisted for 4 awards at the Global Regulatory Awards

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Betsson Group shortlisted for 4 awards at the Global Regulatory Awards
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Betsson Group has managed to secure four award nominations for the 8th edition of the Global Regulatory Awards. Held annually since 2017, the awards hosted by Vixio, a leading provider of regulatory intelligence solutions, recognise the achievements of individuals, teams, and organisations in the gaming industry that have excelled in compliance, corporate social responsibility, and safer gaming.

According to the official website of the Global Regulatory Awards, Vixio received a record number of submissions this year, making 2024 their most competitive year by far.

The 2024 Global Regulatory Awards ceremony is scheduled to take place in London on 4th December 2024.

Betsson Group is shortlisted for three company awards and one individual award.

1. Commitment to Compliance by an Operator

This award celebrates a leading compliance initiative by a gambling operator that has significantly improved internal expertise and set a new standard for industry best practices. The judges will look for an initiative that demonstrates transformative improvements in processes, technology, reporting, and training, while also promoting best practices across the sector.

2. Chief Compliance Officer of the Year – Corinne Valletta

This award celebrates an exceptional compliance leader who consistently exceeds expectations, expertly navigates regulatory challenges, and has significantly elevated the compliance standards within their organisation through pragmatic solutions, operational transformation, and thought leadership. The award seeks a leader who actively collaborates with management, their team, and regulatory bodies to foster a culture of compliance. Judges will look for concrete examples of the nominee’s impact, including industry conference appearances, introduced training initiatives, and demonstrations of thought leadership.

3. Compliance Team of the Year

This award honours a compliance team within an organisation that actively fosters a culture of compliance, responding effectively to regulatory changes and driving their organization to lead in new compliance standards. Judges will evaluate how the team has cultivated a compliance-focused culture, collaborated across the organisationinitiated training, and influenced business practices and industry engagement, including with trade associations. Special consideration will be given to teams that have led their organisation into new compliance jurisdictions in emerging markets.

4. Legal Team of the Year

This award recogises a legal team that protects the company’s reputation by ensuring compliance with regulations, demonstrating exceptional problem-solving, analytical, and organisational skills, and proactively advising management. Judges will assess how the team promotes best practices, keeps the business ahead of regulatory changes, and minimises the impact on both the bottom line and daily operations.

In conclusion, the above nominations highlight Betsson’s strong compliance culture and commitment to raising its standards in compliance to ensure a safe and stable business.

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Compliance Updates

St8.io granted Isle of Man licence

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St8.io granted Isle of Man licence
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The next-generation content aggregator St8.io has been awarded an Isle of Man OGRA Software Supplier licence, as the company continues to expand its regulated footprint worldwide.

The licence, granted by the Isle of Man Gambling Supervision Commission, will allow St8 to supply its product to other IoM-licensed B2B and B2C partners, as well as other Tier 1 operators.

“This is another important step in our mission to serve regulated markets worldwide,” said Vladimir Negine, founder and CEO at St8. “We’ve been really impressed by the robust licensing process of the Isle of Man Gambling Supervision Commission, which allows us to deliver innovative technology in a manner that protects both our partners and the end user. As we expand our presence into more regulated markets, the proven reputation that comes with an IoM licence will serve us well.”

Lyle Wraxall, Chief Executive at Digital Isle of Man added: “I would like to congratulate St8 for gaining their Isle of Man Software Supplier Licence and look forward to them joining the thriving business community. St8’s decision to expand its operations here reinforces the Isle of Man’s position as a leading hub for the digital and gaming industries.”

St8 was guided through the licensing process by specialist consultancy Amber Gaming.

“We are thrilled to congratulate our valued partner St8 on securing their licence with the support of our advisory services. This achievement underscores our commitment to delivering expert guidance and driving success together,” said Jade Zorab, Managing Director at Amber Gaming.

Vladimir Negine added: “We chose Amber Gaming because we needed a partner with a complete understanding of this process, a flawless reputation and an efficient approach that matched with our timelines. They delivered perfectly on all of these, and I’d like to thank Lee-Ann, Abi and the entire Amber Gaming team for their fantastic support.”

St8.io’s Isle of Man licence is just the latest that the content aggregator has acquired. Last year, it was granted a licence from Romania’s National Gambling Office, and in June secured a recognition notice from the Malta Gaming Authority.

The company continues to bring world-class innovation to the aggregation space, including a recent major update to its St8 Art Kit, which now features animated thumbnails for high-performing games.

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