Connect with us

Compliance Updates

Wazdan acquires a B2B supplier permit from the Swedish Gambling Authority

Published

on

Reading Time: < 1 minute

 

Wazdan, the innovative games provider, has received a B2B supplier permit to operate in Sweden following the introduction of new regulations by the Swedish Gambling Authority (SGA).

Coming into force on July 1st, 2023, the new rules mean that companies will now have to hold a gaming software permit in order to distribute content in the country.

The move is a significant one for the provider, with Sweden being one of Wazdan’s core markets – proven by their six recent nominations at the upcoming BSG Nordic Awards 2023, with three being for the Nordics.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

With over 100 top-performing titles such as 9 Coins™, Hot Slot™: 777 Rubies and Hot Slot™: Mystery Jackpot Joker available alongside engagement-boosting mechanics such as Hold the Jackpot, the granting of the B2B licence continues to strengthen Wazdan’s position in the Nordic market.

It further highlights Wazdan’s commitment to regulated markets, with it currently holding more than 20 licences and certifications worldwide, from New Jersey to the Netherlands.

Michal Imiolek, Chief Executive Officer at Wazdan, said: “We’re delighted to have been granted a B2B supplier permit by the Swedish Gambling Authority and we thank them for a swift, smooth process. It also serves as a testament to the consistent hard work of our Compliance team, making sure we’re compliant with regulatory requirements and player safety obligations in iGaming markets around the globe.

“The Nordic market is an important one for us and we’ve been an active supplier in the region for some time, so we’re excited to be able to keep entertaining Swedish players for years to come.”

Powered by WPeMatico

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading
Advertisement

Compliance Updates

New Report Details Current Situation of Online Gambling Outside the Licensed Market in Sweden

Published

on

new-report-details-current-situation-of-online-gambling-outside-the-licensed-market-in-sweden
Reading Time: < 1 minute

 

The Swedish Gambling Authority, Spelinspektionen, has released a new report detailing the current situation of online gambling that takes place outside the licensed market in Sweden. It contains a survey of the key players who engage in illegal gambling and their methods of reaching Swedish players.

The assessment is that the supply of unlicensed online gambling is large and relatively easily accessible. The Swedish Gambling Authority has developed methods to identify unlicensed gambling sites where Swedes play. It is a relatively small group of players, probably fewer than 5% of the total number of players, who demand games that do not have a Swedish gaming license.

Under current legislation, the Swedish Gambling Authority cannot intervene against all gambling sites that do not have a Swedish gambling license. According to the so-called targeting criterion, the authority can currently only intervene against gambling sites that target gambling customers in Sweden through, for example, marketing or that have gambling sites that are designed for the Swedish market.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

“We welcome the ongoing investigation into the expanded scope of application, which is to be reported no later than 17 September this year. Despite the problems with the current scope of application, we believe that our interventions, where possible, are important and have an effect. It is therefore important that we continue our work to combat illegal gambling even during the ongoing investigation of the regulations,” said Spelinspektionen’s Director General Camilla Rosenberg.

The post New Report Details Current Situation of Online Gambling Outside the Licensed Market in Sweden appeared first on European Gaming Industry News.

Continue Reading

Asia

Karnataka Govt to Introduce New Law to Regulate Online Betting and Gaming

Published

on

karnataka-govt-to-introduce-new-law-to-regulate-online-betting-and-gaming
Reading Time: 2 minutes

 

The Karnataka government has announced that it will introduce a new law to regulate online betting and gaming.

Home Minister G Parameshwara said a committee of senior officials and industry representatives has been constituted and it has been given a month’s time to submit a draft of the proposed bill.

“I chaired a meeting regarding online betting and gambling yesterday along with the IT Minister. Representatives from the industry were called. There is nothing to regulate them so far. They have agreed to the introduction of a licence system and a regulation as per law,” he said.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The state government held a high-level meeting to discuss a legal framework for regulating online gaming.

IT-BT Minister Priyank Kharge said that the intent of the legislation is to curb online gambling, betting and games of chance, and protect consumers from fraud while supporting innovation and the sustainable growth of the skill-based gaming industry.

Karnataka is set to introduce a legal framework to ban gambling while permitting skill-based games following a model similar to that of Chhattisgarh.

Kharge said he held a detailed meeting with the state home minister, senior government officials, members of online gaming federations, and industry experts to discuss the proposed framework.

“The legitimate online skill-based gaming industry in India is a sunrise sector worth USD 4 billion, contributing Rs 12,000 crore in taxes and creating over 1.5 lakh jobs. Karnataka alone accounts for 25 percent of the market and contributes Rs 1350 crore annually in taxes, making it a key hub,” he said.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The minister also raised concerns over the growing underground market of offshore gambling and illegal betting.

“Alongside the legitimate sector, there is a parallel underground market that is expanding rapidly, posing risks such as predatory money collection practices, dubious shell companies, financial fraud, data breaches, and cybercrimes,” he said.

Kharge also held discussions with representatives of the E-Gaming Federation (EGF), the All India Gaming Federation (AIGF) and the Federation of Indian Fantasy Sports (FIFS) regarding their collaborative “Code of Ethics” for the industry.

The post Karnataka Govt to Introduce New Law to Regulate Online Betting and Gaming appeared first on European Gaming Industry News.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Compliance Updates

BC.GAME Upgrades to @bcgame Telegram Link for Unified Access and Increased Security

Published

on

bc.game-upgrades-to-@bcgame-telegram-link-for-unified-access-and-increased-security
Reading Time: < 1 minute

 

BC.GAME, a prominent cryptocurrency entertainment platform, announced the official upgrade of its Telegram group with a new link: https://t.me/bcgame. This shift represents an important step forward for the platform in terms of brand unification, community operations and user identification paths.

BC.GAME, one of the most active platforms in the crypto entertainment market, has a sizable user base spread across channels such as Telegram, Discord and Twitter. The Telegram community alone has millions of members from many critical areas. Behind each time zone, a committed group of gamers and community administrators keeps the community alive by sharing gaming experiences, uploading the most recent event announcements and assisting new users in swiftly integrating into the distinctive “BC community culture”.

Unifying the group link is both a way to make the platform’s design more consistent and a way to improve the user experience. It’s easier and faster for new players to remember t.me/bcgame than any of the other subdomain names. For current players, it means a clearer official entry point, which makes it less likely that they will run into fake groups.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The post BC.GAME Upgrades to @bcgame Telegram Link for Unified Access and Increased Security appeared first on European Gaming Industry News.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania