Compliance Updates
Swedish Regulator Gets Increased Powers for Online Gambling Intervention
The Swedish government has confirmed that its gambling regulator, Spelinspektionen, has been granted further control over licensees.
As a result of the intervention, the Spelinspektionen will be enabled to directly step in when it feels necessary with cases of excessive online gambling.
The government in the region said: “This decision represents a tightening of efforts against gambling problems and strengthens consumer protection.”
It enhances the control and governance of the regulator as it can now set the license holders’ action plans aimed at combating excessive gambling.
Starting from 1 October, Spelinspektionen will have the authority to modify the action plans of individual licensees to meet duty of care requirements.
The Gambling Act requires Swedish online gambling operators to have an action plan that outlines their duty of care procedures, protocols and routines.
However, Spelinspektionen informed the government that its oversight revealed significant differences in how licensees’ action plans protect customers from excessive gambling.
In response, Spelinspektionen requested the power to set specific requirements for these action plans. It emphasised that “all license holders should clearly describe in their action plans their guidelines for gambling responsibility and how these are to be implemented.”
Minister of Financial Markets Niklas Wykman, supporting the expanded powers for Spelinspektionen, added: “There must be order in the gaming market. The new requirement should lead to more detailed action plans, making it clear how gambling companies take responsibility for counteracting gambling-related risks.
“This strengthens Spelinspektionen’s ability to prevent people from being affected by the negative aspects of gambling.”
The post Swedish Regulator Gets Increased Powers for Online Gambling Intervention appeared first on European Gaming Industry News.
Compliance Updates
UKGC Appoints Charles Counsell OBE as Interim Chair
Charles Counsell OBE has been appointed as Interim Chair of the UK Gambling Commission (UKGC) for a nine month term which will commence on 1 February 2025.
Charles was Chief Executive Officer of The Pensions Regulator from April 2019 to March 2023. Prior to this he was CEO of the Money Advice Service, and Executive Director of Automatic Enrolment at The Pensions Regulator.
As CEO of The Pensions Regulator, Charles developed the new corporate strategy to put the pension saver at the heart of the Regulator. He delivered their first Equality, Diversity and Inclusion Strategy and Climate Change strategies – both focused on driving change in the regulator and across the Pensions Sector.
Throughout his career, his roles have focused on setting up and delivering large change programmes requiring significant stakeholder relationship engagement: initially in the private sector and latterly in senior public sector appointments.
The post UKGC Appoints Charles Counsell OBE as Interim Chair appeared first on European Gaming Industry News.
Compliance Updates
SYNOT Games Secures Danish License
SYNOT Games has obtained a B2B online slot games supplier license in Denmark, authorising the company to supply its gaming content within Denmark’s regulated market. This B2B license, issued by the Danish Gambling Authority (Spillemyndigheden), becomes effective on January 1, 2025, aligning with new regulatory requirements mandating that all game suppliers hold such a license from that date forward.
This development enables SYNOT Games to offer its portfolio of slot games to Danish operators, reinforcing its commitment to compliance and responsible gaming practices.
“Obtaining the B2B license from the Danish Gambling Authority marks a significant milestone for us in the Danish market. This license not only aligns with new regulatory requirements but also reinforces our commitment to adhering to the highest industry standards. We are thrilled to continue offering Danish players the immersive gaming experience our portfolio provides,” said Martina Krajčí, CCO of SYNOT Games.
The post SYNOT Games Secures Danish License appeared first on European Gaming Industry News.
Compliance Updates
REEVO Earns Certification for Italian Market
REEVO, proudly announces its certification to enter the Italian iGaming market. This certification marks a significant milestone in REEVO’s journey to becoming a global powerhouse in online gaming, as it brings the company’s innovative portfolio of in-house and third-party games to one of Europe’s most dynamic and established markets.
As one of the most regulated and thriving iGaming landscapes, Italy offers an incredible opportunity for REEVO to connect with new audiences and solidify partnerships with top-tier operators. With this certification, REEVO is poised to deliver its high-quality content to Italian players, ensuring a seamless gaming experience that combines advanced technology, captivating game design, and localized features tailored to the Italian market’s preferences.
“This certification is a landmark achievement for us,” said Karl Grech, Head of Business Developent of REEVO. “Entering the Italian market reflects the relentless dedication of our entire team. We’ve always aimed to provide operators with the best aggregation platform and players with unforgettable gaming experiences. Italy represents a key step in our global expansion, and we’re excited to bring REEVO’s innovative spirit to this vibrant market.”
REEVO’s expanding library includes hit games like Electro Reels Power Portal and Bullfighting Champion, along with several titles, all of which are now available to Italian operators. The company’s commitment to creating localized, engaging content ensures that Italian players will experience games designed to meet their tastes while maintaining the quality and creativity REEVO is known for.
With a strong focus on fostering long-term partnerships, REEVO is well-positioned to collaborate with key Italian operators. “We are excited to work closely with our partners in Italy to bring something fresh and engaging to the market,” said Karl Grech, Head of Business Development at REEVO. “Having worked in Italy for over 15 years, I’ve developed strong connections that will be invaluable as we establish our presence here.”
As REEVO takes this bold step into the Italian market, the future holds even more promise. With upcoming game releases, continuous platform enhancements, and a focus on delivering exceptional value to operators and players alike, REEVO’s Italian journey is only just beginning.
“We’re not just entering the Italian market; we’re making a statement,” Karl Grech added. “REEVO is here to elevate the iGaming experience, and we’re thrilled to be part of Italy’s exciting gaming landscape.”
The post REEVO Earns Certification for Italian Market appeared first on European Gaming Industry News.
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