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Betsoft Passes ISMS Audit to Green Light Games Suite in Colombia

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Betsoft Passes ISMS Audit to Green Light Games Suite in Colombia
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Betsoft have continued their strategic drive into regulated markets through the passing of an ISMS Audit. This is another milestone in Betsoft’s expansion within Latin America over the last year.

The ISMS Audit focuses on extensively monitoring all internal controls to ensure that the business is sensibly protecting the confidentiality, availability, and integrity of their games from threats and vulnerabilities. 

The rigorous certification processes conducted by iTech Lab, a leading accredited testing lab for online gaming worldwide, confirms that the Colombian jurisdiction will allow Betsoft titles to be used by locally licensed operators.

iTech Labs have been at the forefront of the development of Internet Gaming Standards, which are now used by regulators worldwide.

Annamaria Anastasi, Marketing Director, Betsoft Gaming, said; “As a rapidly growing market within Latin America, Betsoft have moved quickly to secure this certification and approval of games within Columbia. We are proud to have completed such a rigorous process via iTech Labs. This certification allows us to build on our regulatory foothold within Colombia, and further serve our partners within this region.

 

About Betsoft Gaming:

Betsoft Gaming is the market leader in cinematic casino content and gaming solutions, working with 200+ of the most successful casino operators worldwide. Since 2006, the Betsoft brand has been synonymous with commercial success and innovation. Its portfolio of more than 190 RNG titles is proven to attract, engage, and retain players. Headquartered and licensed in Malta, Betsoft operates in more than 15 regulated markets, with its games being independently certified by Gaming Labs International.

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BINGO GODEL QUILMES BETS BIG ON ZITRO’S MEGA LOUNGE

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Zitro, a global leader in the gaming industry, continues to reap success in Argentina with ‘Mega Lounge’, this time in partnership with Bingo Godel Quilmes, one of the leading references in the province of Buenos Aires. This concept, unique in the industry, is part of the recent expansion of the gaming hall and reinforces the commitment to Zitro, consolidating it as the strategic supplier in this new stage of the renowned Bingo.

“Mega Lounge,” located in an exclusive area of the gaming hall, combines different cabinets and a wide game library with various themes and mechanics. These games share an interconnected Mega jackpot progressive.

Bingo Quilmes’ gaming floor now features up to five “Mega Lounge,” each packed with Zitro cabinets.

Due to the number of cabinets contributing to the Mega Jackpot, it appears more frequently, creating an exciting community celebration experience known as the ‘Eco-celebration’. This event is enjoyed by all customers playing in the Lounges’ cabinets at the moment they win the prize.

Bingo Godel Quilmes, which already offered a variety of successful Zitro games, including Link King, Link Me, Link Shock, 88 Link, Bashiba Link, and Wheel of Legends, has expanded its gaming offer with more renowned titles such as Fu Frog, Fu Pots,, Pearl’s Paradise, Mighty Hammer, Epic Kingdom, Drum Dynasty, Energy Link, 88 Link Multiplier, and 88 Link Shiro,among others. This expansion reaffirms both parties’ commitment to providing customers with a varied and attractive range of Zitro products, aiming to deliver the most innovative entertainment experience on the market.

Juan Pablo Fichera, General Manager of Bingo Godel Quilmes, commented: “For us, it is fundamental to offer a wide variety of products that allow us to diversify our offer and provide our players with the best experiences. Therefore, we have partnered with Zitro, a leading supplier in Latin America that has already demonstrated solid performance in our venue. In addition, “Mega Lounge,” with its unique, community-focused experience, has been a huge success with our customers and is quickly becoming a favorite.

On the other hand, Alejandra Burato, Zitro’s Regional Director for Latin America, commented, “’Mega Lounge’ is proving to be a resounding success in all the venues and countries throughout the region, including Argentina. Its proven performance, combined with a wide variety of games for different player profiles, makes this innovative concept a safe bet, further increasing our performance, which is already among the top 5 venues in the region. We are thrilled to expand our gaming offer through our partnership with Bingo Godel Quilmes and to continue our joint success. We are grateful for their ongoing trust and support of Zitro.”

 

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Compliance Updates

How payments can drive iGaming operators’ growth as they navigate an evolving regulatory landscape

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How payments can drive iGaming operators’ growth as they navigate an evolving regulatory landscape
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With iGaming regulation changing in multiple European and Latin American markets, Paysafe’s Rory Howard considers the invaluable role of payments

By Rory Howard, GM of iGaming for EMEA, Paysafe

After enacting new gambling legislation at end-2023, Brazil is expected to launch its iGaming market on January 1st. With 215m people, Latin America’s most populated country is almost certain to rapidly become a major global jurisdiction. Annual gaming revenue is forecast to grow to $4.9bn within five years, according to Vixio.

While the new Brazilian market offers an important opportunity for operators, licensing includes significant regulations to negotiate, including around payments. With other markets also enacting or considering more robust iGaming regulation, the operators that successfully navigate this new space can make change pay.

From Sao Paulo to Sweden via the UK

In April, Brazil published an Ordinance on operators’ payment requirements, preventing players from depositing using credit cards, cash, cheques, pay slips, bank slips and cryptocurrencies. Withdrawals of winnings will only be possible via electronic transfer between the operator and the player’s bank account, which must be a financial institution authorized by the Brazilian Central Bank.

Such restrictions, especially around credit cards, are part of a broader global trend to promote responsible gambling. In neighbouring Argentina, the Buenos Aires legislature is currently considering a bill to ban credit cards and social assistance debit cards for online betting in the capital region’s regulated market.

Over in the UK, operators have not been able to offer credit card deposits since the Gambling Commission restricted this in April 2020. More recently, the UK government’s Gambling Act Review white paper, which was released in April 2023, has resulted in more robust know your customer (KYC) checks for operators, including on affordability. From August all UK bettors depositing a net £500 needed to be checked, lowered to net deposits of £125 from February.

And UK operators are also facing marketing restrictions. From summer 2026, front-of-shirt Premier League football club sponsorships will no longer be an option following the association’s voluntary ban. In addition, the government is currently considering whether bonuses should be tightened, though it appears unlikely that the UK will go as far as Brazil’s complete ban on bonusing and free bets.

The UK isn’t the only European country strengthening its iGaming regulatory framework, with Sweden only allowing operators to offer players a single sign-up bonus following the Scandinavian country’s re-regulation of the market in 2019. More recently, the Swedish gambling regulator has come out in favour of the government’s proposed ban on credit cards for iGaming from April 2025.

Playing and paying it forward

With Sweden’s eastern neighbour, Finland, looking to liberalize its government monopoly with a licensing system for private operators by early 2027, the only constant when it comes to iGaming regulation is change. While regulatory change providers operators with opportunity, they need to have a solid strategy in place.

The global regulatory space is highly complex and diverse, so it’s essential for operators to develop a robust compliance framework that covers all the different legal requirements for each global market. Against the backdrop of the responsible gambling shift, KYC protocols have never needed to be more granular, requiring automation and specialised software for the highest accuracy and efficiency.

Payments are an indispensable element in negotiating the new regulatory landscape. Every market is unique, including when it comes to payments. If a jurisdiction restricts credit cards or other payment methods, operators’ cashiers need to include alternatives such as digital wallets, eCash or even pay-by-bank options to ensure players don’t abandon a brand before they become a customer.

With markets restricting bonuses and other marketing channels like sponsorships, operators need to ensure they are getting payments right. Payments – including quick payouts and deposits and the availability of preferred payment methods – are much more important factors in players’ selection of online sportsbooks than sign-up offers and sports sponsorships, according to Paysafe’s 2024 research.

More broadly, it’s also vital for operators to choose the right payment provider. Partnering with a payments company with global experience and which offers a comprehensive range of its own and third-party payment solutions, including local payment methods (LPMs) like Brazil’s Pix, will enable operators to effortlessly tailor their cashiers to a particular market.

Whether in Brazil, Argentina, the UK, Sweden or Finland, the global iGaming market is diversifying from a regulatory perspective. While the changing space poses significant challenges, it gives savvy operators an opportunity to ensure their brands and cashiers are not only compliant but have a completive edge that will ultimately pay out.

 

Rory Howard

As General Manager for iGaming in the EMEA region at Paysafe, Rory oversees the company’s online gambling business in the U.K. and continental Europe as well as neighbouring regional markets. He has close to 20 years’ experience in payments and fraud analysis, with a strong focus on the iGaming space. Rory’s previous roles include payment leadership positions at The Rank Group, Racing Stars, Gamesys, and Eyas Gaming.

 

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SOFTSWISS Becomes Headline Partner for NEXT.io Elite Retreat LatAm

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SOFTSWISS Becomes Headline Partner for NEXT.io Elite Retreat LatAm
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SOFTSWISS, a global tech expert with over 15 years of experience providing innovative iGaming solutions, announces its headline partnership on the Elite Retreat LatAm, an exclusive event organised by NEXT.io, the world’s leading iGaming community. This partnership underscores SOFTSWISS’ commitment to fostering innovation and collaboration within the rapidly growing Latin American iGaming market.

The invite-only retreat is scheduled to take place from 24 to 26 November 2024 at the luxurious Secrets Maroma resort in Cancún, Mexico. The Elite Retreat LatAm will bring together 100 top decision-makers from leading operators and suppliers in the iGaming industry, offering an unparalleled opportunity for focused networking and strategic discussions in one of the Caribbean’s most stunning locations.

Max Trafimovich, CCO at SOFTSWISS, shares: “Latin America represents a key growth area for SOFTSWISS, and our ongoing certification efforts in Brazil are a testament to our long-term commitment to the region. We believe that events like the Elite Retreat LatAm provide a unique platform for exchanging valuable insights and fostering meaningful partnerships. With NEXT.io as a trusted partner, we are confident that this retreat will set the stage for significant advancements in the Latin American iGaming market.”

Notable attendees will include key figures such as the GM LatAm of Stake, the CEO of Logrand, the Director of Caliente, the President of AEIJA, the CEO of Apuesta Gana, the CEO of Coolbet, the Director of Doradobet, among others.

Pierre Lindh, Co-Founder & Managing Director at NEXT.io, adds: “We are delighted to welcome SOFTSWISS as our headline partner for the Elite Retreat Cancún. SOFTSWISS’ pioneering role in the iGaming industry makes the company the perfect partner for this event. Together, we are creating an environment where the future of gaming in Latin America can be shaped by its leading minds.”

The retreat will feature two full days of networking and entertainment, allowing attendees to forge strategic connections and explore the latest trends and opportunities in the Latin American iGaming sector.

This collaboration with NEXT.io aligns with SOFTSWISS’ strategic focus on Latin America, following initiatives such as appointing the Formula 1 star Rubens Barrichello as Non-Executive Director for SOFTSWISS in LatAm and the ongoing process of receiving a certification in Brazil for its Casino Platform and Sportsbook.

 

About SOFTSWISS 

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform, and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

 

About NEXT.io

NEXT.io is the World’s iGaming Community, renowned for its in-depth coverage, expert analysis, and industry-leading events. Through a portfolio of high-impact events such as NEXT Summit: New York and NEXT Summit: Valletta, and Elite Retreats, NEXT.io is committed to driving innovation and fostering a global community of iGaming professionals.

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