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Safe Gambling, AML and KYC with Bogdan Coman(Rombet), Jack Symons(gamban®) and Taivo Põrk(Ministry of Finance, Estonia) at MARE BALTICUM Gaming Summit 2019

Zoltan Tundik

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Bogdan Coman (Executive Director at Rombet), Jack Symons (Founder and CEO of gamban®) and Taivo Põrk (Ministry of Finance, Estonia) will join the “Safe Gambling, AML and KYC” panel discussion under the moderation of Pieter Remmers (CEO at Assissa) at the second edition of MARE BALTICUM Gaming Summit, also known as the Baltic and Scandinavian Gaming Summit and Awards.

MARE BALTICUM Gaming Summit will take place on the 9th of May at Radisson Blu Royal Astorija Hotel and is gathering the gambling industry from the Baltic and Scandinavian regions for a full day of quality learning and networking with like-minded peers, regulators and representatives of the industry media.

Register here or View the Agenda!

”Safe Gambling” is a new term used in the industry and is a possible replacer for the notion ”responsible gambling”. While the responsible gambling focuses on studying and fighting the negative effects of excessive gambling practice, the broader concept of ”safe gambling”, also contains the prevention area.

It’s been a wild ride for the financial industry in the last years. Companies and executives are on a rollercoaster all year, with constant changes in regulations and sanctions, the introduction of new laws and the removal of old ones.

Financial scandals have also hit new heights and the time has come for banks and regulators alike have to admit a hard truth: not even today’s complex AML and compliance programs are enough to stop criminals exploiting financial platforms and every weak link they can find.

Online gambling is governed by special regulations, such as the Know Your Customer (KYC) standards set out in the EU’s Third Anti-Money Laundering (AML) Directive. This means that handling online transaction processes in the gambling sector is considerably more challenging than it is in other sectors.

On June 19th, 2018, the fifth EU Anti-Money Laundering Directive (AMLD 5) was published in the official journal of the European Union.

The AMLD 5 entered into force on July 9th, 2018. Member states are obliged to transpose the modified regulations into national law by latest January 20th, 2020.

In particular, the AMLD5

  • extends the scope to virtual currency platforms and wallet providers, tax related services and traders of art
  • grants access to the general public to beneficial ownership information of EU based companies
  • makes it an obligation to consult the beneficial ownership register when performing AML due diligence
  • obliges member states to create a list of national public offices and functions that qualify as politically exposed (PEP)
  • introduces strict enhanced due diligence measures for financial flows from high-risk third countries
  • ends the anonymity of bank and savings accounts, as well as safe deposit boxes and creates central access mechanisms to bank account and safe deposit boxes holder information throughout the EU
  • makes information on real estate holders centrally available to public authorities
  • lowers thresholds for identifying purchasers of prepaid cards and for the use of e-money
  • further enhances the powers of the FIUs and facilitates cooperation and information exchange among authorities

The experts of the panel discussion will share their knowledge on how these directives have shaped the industry and what is yet to come with AMLD6 on the horizon.

About Bogdan Coman

Bogdan Coman is the Executive Director of ROMBET and has a rich activity in the gambling industry, which he joined once graduation from the Bucharest Academy of Economic Studies, Bogdan Coman contributes to the good work of the Rombet Association through the experience of planning and organizing activities in the field of gambling. He built national projects, led complex teams, and was responsible for meeting performance indicators in the companies he worked for or collaborated with.

 

 

About Jack Symons

Jack Symons is the founder and CEO of gamban®. Formed as a result of his own experience with problem gambling and his dissatisfaction with existing self-exclusion options, Jack brought the most affordable, effective and lightweight gambling-blocking software to the market. The aim is help individuals stop gambling and organisations (businesses, operators and education institutions) improve sustainability.

 

 

About Taivo Põrk

Taivo Põrk has been responsible for designing and executing national gambling policy in Estonia through legislation since 2011, as part of his duties in Ministry of Finance. He has also been a member in Expert Group on Gambling Services since its inception by the European Commission in 2012.

 

 

 

About Pieter Remmers

Pieter Remmers is a veteran in the area of responsible gaming, consultancy and training of gambling industry professionals. He has been involved in projects with the gambling industry already since 1989. Pieter started his career as the director of an outpatient clinic for addiction problems of Jellinek in the early ’80s.

His company Assissa Consultancy Europe works/worked on responsible gaming policies and programmes in a number of countries i.e. Netherlands, South Africa, Germany, Switzerland, Luxemburg, Belgium, Italy, Spain, Malaysia, Singapore, Canada, Malta, Sweden, and others. Besides Pieter is a consultant worldwide for as well as the gambling and betting industry land-based and online, casinos, slot machine halls, and lotteries and for regulators or other governmental bodies.

He works/worked with companies like IGT/GTech/Lottomatica, Holland Casino, Unibet, Sun International, Svenska Spel, Gauselmann/Merkur, Betsson, Krijco, Fair Play Casinos, Staatsloterij, Lotto NL, Casino 2000, Cogetech, Betfair, National Lottery and many more.

He is a member of the Executive Committee and serves as secretary general/conference organizer of the European Association for the Study of Gambling (EASG). He is also a shareholder/board member of HANDS (Human Assistance Network for Daily Support, telephone counseling services).

In 2003 he was the initiator of G4 (Global Gambling Guidance Group). G4 deals with an International Accreditation System on responsible gaming for the gambling, betting and lottery industry land-based and online. At present, he is the Chair of the Board of G4.

Since 2009 he is a member of the Responsible Gaming Committee of IMGL (International Masters of Gaming Law).

He is also a member of the Spielerschutzkommission (Responsible Gaming Commission) of the Gauselmann /Merkur Group, Germany, a member of the Advisory Council of the AWI in Germany and a member of the International Advisory Panel of the Ministry of Health in Singapore.

Pieter is a very regular speaker at many conferences all over the world.

He is also a freelance correspondent for the magazine European Casinos The Elite and the Casino Inside magazine (Romania).

At present, he is involved in the development and carries out of online education programmes (e-learning) on problem gambling and responsible gaming and responsible gaming solutions to support players’ gaming decisions and online treatment modules.

Make sure you take advantage of this unique opportunity of learning and networking with the gambling industry in the Baltic and Scandinavian region via the MARE BALTICUM Gaming platform which has been launched in 2018 and is committed to bringing together industry shareholders and government officials from the Baltic and Scandinavian region on a yearly base.

Browse the official event website here: www.marebalticumgaming.com

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Baltics

iSoftBet inks TOPsport content and platform agreement

George Miller

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iSoftBet inks TOPsport content and platform agreement
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Baltic markets operator to launch leading provider’s games and access 3,000+ titles via leading GAP platform

 

iSoftBet, the leading online and mobile casino content provider, has agreed a deal with Lithuanian operator TOPsport, which will see its proprietary slots and table games go live on the operator’s platform, as well as integrating its cutting-edge Game Aggregation Platform (GAP).

TOPsport customers will have access to iSoftBet’s best-performing slots portfolio, including smash hits Hot Spin and The Dalai Panda, and latest release Book of Immortals and Pinata Fiesta.

In addition, the major Baltic markets brand will gain access to iSoftBet’s GAP content portfolio, enabling it to choose from more than 3,000 slot and table games provided by the supplier’s platform partners.

iSoftBet’s GAP platform offers content from 46 of the largest third-party suppliers in the iGaming industry, as well as a host of advanced marketing and real-time gamification tools.

Michael Probert, Chief Commercial Officer at iSoftBet, said: “We’re very pleased to have signed with TOPsport, which significantly increases our presence across the Baltic markets.

“We are always looking to grow in important and emerging territories, and the Baltics is a key region for us as we continue to lead the way in regulated market growth. We look forward to a long and successful partnership with TOPsport.”

Gintaras Staniulis, CEOat TOPsport, said: “We are delighted to sign with iSoftBet, who are one of the most well-known content providers in the industry. Their leading games and GAP portfolio offer something unique in the market, and we are confident that our relationship will be a success.”

iSoftBet is a finalist in the RNG Casino Supplier of the Year and Mobile Supplier of the Year categories at the EGR B2B Awards 2019.

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Baltics

Gambling Revenue in Latvia Increases 15% for Q1 2019

Niji Narayan

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Gambling Revenue in Latvia Increases 15% for Q1 2019
Image Source: etsy.com
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The gambling revenue in Latvia has increased 15.3% year-on-year in the first three months of 2019. The revenue from gambling operations shot up by 15% year-on-year to €77.5m from €67.2m.

Gambling income also rose by 15.9% from €63.5m to €73.6m. Licensed operators grossed €56.4m in revenue from gambling machines. Their first quarter revenue increased by 12.8%. The operators made €50.0m in 2018 during the first three months. Roulette and blackjack, contributed €3.9m to the income posted.

Online casino games contributed €8.8m to the overall online gambling income. The figures are up 39.2% year-on-year. Card tournaments income was recorded €73,000, up 15.8% from the figures posted for the first quarter in 2018.

The hike in revenues for the licensed operators is being attributed to the strong steps taken by the country’s gambling regulator to block illegal and unlicensed gambling websites operating in Latvia.

 

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Baltics

UltraPlay is now the Best eSports Service Provider in the Baltics

George Miller

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UltraPlay is now the Best eSports Service Provider in the Baltic
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The company received high industry recognition in the 2019 BSG Awards

 

Twenty-one industry accolades were handed to the winning companies in the first Baltic and Scandinavian Gaming Awards, which were held during Mare Balticum Gaming Summit, on the 9th of May, in Vilnius, Lithuania.

UltraPlay received Best eSports Service Provider in the Baltics – the first award for the year and 6th in total for the company’s unrivaled eSports odds service. Lyubomira Petrova, Chief Marketing Officer at UltraPlay commented on the award:

“UltraPlay’s leadership in eSports betting was once again highly recognized. It is an honor to be acknowledged as the Best eSports Service Provider from the BSG Awards 2019 – a true inspiration for the entire team of UltraPlay and high recognition from the industry in the region.”

Above 100 delegates from the gambling industry attended the second edition of Mare Balticum Gaming Summit. This year the Summit had a strong focus on the gaming regulations and jurisdictions in the Baltics and the Nordics. As part of the discussion panel “Gambling Industry in 2020”, Lyubomira Petrova (CMO at UltraPlay) shared her knowledge on eSports and its significance in the following years, while  Zlatan Omerspahić (Data Protection and Compliance Lawyer at NSoft),  and Robert Toth (Key Account Manager at Global Bet) talked on GDPR and Virtual Sports.

“I had the pleasure to speak at Mare Balticum Gaming Summit and present why eSports is going to play a key role in the gambling industry in 2020 and beyond. Discussing what the future holds for the industry, we see the tremendous growth of eSports and its importance in terms of betting and player’s engagement.”, added Petrova.

The company is now heading to G2E Asia, Macao and is nominated in 2 categories for the G2E Asia Awards: UltraPlay’s eSports White Label Solution is shortlisted in the “Best B2B Digital Product Solution” category, and Dariy Margaritov, founder of UltraPlay is nominated in the category “Best industry rising stars”.

UltraPlay will be attending G2E Asia, Macao, from May 21st to 23rd, 2019. How to establish a profitable eSports betting brand will be the exclusive session to be held at the company’s booth #D909 by Mario Ovcharov, CEO of UltraPlay, on May 22nd, 11:30 am. You can book your meeting in advance at sales@ultraplay.net.

 

About UltraPlay:
UltraPlay is a modern technological company, founded in 2010, with the core ambition to offer an innovative approach to the online gaming industry by providing advanced betting solutions, focused on sports and eSports betting, live betting, white label, online casino and blockchain technology.
Assembled by a team of iGaming professionals with vast experience in betting product development, operations, eSports and marketing, UltraPlay is a trusted partner for delivering superior sports software and odds products to its customers. Learn more about the company here: www.ultraplay.co

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