Compliance Updates
LuckyStreak Awarded Malta Gaming Authority Recognition
LuckyStreak, the Riga-based live casino provider and igaming content aggregator has been granted Malta Gaming Authority (MGA) Recognition and is now approved under the jurisdiction to provide B2B services to MGA-licensed operators.
The Recognition Notice grants LuckyStreak an MGA B2B Critical Supply License to provide casino games and sports betting products and services. This Recognition Notice acknowledges that LuckyStreak meets the necessary criteria and safeguards required by Maltese law, and is equivalent to a local MGA licence, based upon LuckyStreak’s Latvian Gambling Services Licence.
The MGA’s Recognition Notice approach stems from its dedication to facilitating a harmonised, cross-border iGaming regulatory framework within the EU/ EEA, streamlining growth for licensed operators.
LuckyStreak is now able to provide its live dealer games and content aggregation services within the MGA’s globally-renowned framework.
Ady Totah, LuckyStreak CEO and Co-founder said: “We’re delighted to be awarded MGA Recognition as it is another major milestone in our regulatory expansion. Malta is a world-renowned licensing jurisdiction, setting the highest standards of transparency and fairness for players. It is testament to LuckyStreak’s commitment to quality, integrity and compliance, and we look forward to working with world-class MGA-licensed operators to continue our successful growth strategy.”
Rory Kimber, LuckyStreak Commercial Director said: “We’re immensely proud to have been awarded the opportunity to work in the jurisdiction, and we’re looking forward to working with the world’s most prestigious igaming brands, and having our games and providers appear on their casinos. Malta is a critically important and highly regarded gaming hub and this enables us to significantly extend the reach of our world-class content and services to highly regarded igaming brands.”
We shall be reaching out to all LuckyStreak igaming partners over the coming weeks, to forge new and deeper igaming relationships.
The post LuckyStreak Awarded Malta Gaming Authority Recognition appeared first on European Gaming Industry News.
Brazil
Meridianbet Partners with Integrity Compliance 360 for Upcoming Brazilian Market Entry
Meridianbet, part of the Golden Matrix Group, Inc., a leading online sports betting and iGaming company, has announced a strategic partnership with Integrity Compliance 360 (“IC360”), a prominent U.S.-based global sports integrity service provider.
The partnership comes as Meridianbet’s Brazilian subsidiary, Meridian Gaming Brasil SPE, progresses in the licensing process for its entry into the Brazilian market, and will reinforce the Company’s commitment to upholding the highest standards of integrity for its sports offering in line with global regulatory expectations and market best practices.
The license application, filed under request number 56.195.600/0001-07, positions Meridianbet among a select group of global operators set to participate in one of the most highly anticipated market launches in the global sports betting and iGaming industry.
“Our partnership with IC360 underscores our dedication to maintaining the highest levels of integrity and transparency in all markets we operate in, including Brazil,” said Zoran Milosevic, CEO of Meridianbet. “As we move closer to securing our license, this collaboration will ensure that we are fully equipped to meet the expectations of both regulatory bodies and our players in the world’s fastest-growing emerging betting and iGaming market.”
“Brazil is expected to become the third-largest gaming market in the world, and this opportunity marks another key milestone for Golden Matrix, and further endorses our commitment to being a major player in the Brazilian Gaming Market” said Brian Goodman, CEO of Golden Matrix Group. “Brazil’s multifaceted approval process reflects the complexity and scale of this market, and we are excited about the tremendous potential that lies ahead. We aim to leverage our extensive international experience, advanced technology and innovative betting solutions to cater to the unique preferences of Brazilian customers, and our partnership with IC360 will help ensure we’re doing it both ethically and responsibly.”
“Meridianbet is one of the best-positioned players in the Brazilian sports betting market,” said Scott Sadin, COO of IC360. “We are excited to work with the experts of the local market who understand the importance of integrity. It is our privilege to provide them with the tools needed to create an even stronger culture of transparency, that together can be modeled and shared with Meridianbet’s international reach.”
Meridianbet’s partnership with IC360 comes at a critical time for the Brazilian market, as it undergoes regulatory transformation and positions itself as a global leader in the iGaming and sports betting industry.
Meridianbet’s application includes both sports betting and iGaming (online casino) under Brazil’s comprehensive licensing regime, positioning it as one of the few operators able to offer a full suite of gaming experiences to Brazilian players.
The Brazilian gambling industry is projected to generate $34 billion in sports betting turnover by 2028, with an onshore gross win of $2.8 billion, according to a report by the International Betting Integrity Association (IBIA).
Compliance Updates
LexisNexis Risk Solutions Aligns with Radar to Deliver Gaming and Gambling Regulatory Compliance
LexisNexis Risk Solutions announced a strategic alliance with Radar, a recognized leader in geofencing technology. This collaboration integrates Radar’s robust geofencing, mapping and geo-compliance capabilities with the advanced data and technology from LexisNexis Risk Solutions. Together, they will deliver a robust solution for gaming and gambling operators, that will help ensure that devices used for online gambling in the US comply with applicable state regulations.
This alliance emerges at a pivotal time for the gaming and gambling sector, which is experiencing record-breaking revenue of more than $66 billion annually, marking a 10.3% YOY increase, according to the American Gaming Association (AGA). This growth has driven the development of new regulations aimed at preventing law circumvention and addressing unregulated electronic gaming devices, which the AGA says generate an estimated annual revenue of up to $44.2 billion.
Currently, 38 US states plus the District of Columbia have legalized mobile gambling, with more states considering the legalization of various forms of online betting. The regulatory landscape is complex, with each state having its own set of rules and considerations for gambling and gaming companies operating within its jurisdiction.
LexisNexis Risk Solutions and Radar are collaborating to develop a suite of products and tools designed to help ensure that devices are within the appropriate legal jurisdictions, whether that be state boundaries, sports arenas, tribal lands, casino floors or other venues. Combined with capabilities in know your customer (KYC), one-time passcodes, fraud prevention, compliance and payments from LexisNexis Risk Solutions, this alliance will enable operators to manage the entire customer lifecycle seamlessly with singular alignment.
“LexisNexis Risk Solutions provides the tools gaming and gambling operators need today to mitigate fraud, identify risk and help ensure compliance. By aligning with Radar, we can offer those protections throughout the entire customer lifecycle. The collaboration is timely, as the industry navigates a period of rapid expansion and increased regulations. It represents a proactive approach to addressing the challenges of regulatory compliance in the rapidly evolving landscape of online gaming and gambling,” said Sean Britt, senior director at LexisNexis Risk Solutions.
“Radar’s extensive expertise in location-based products, coupled with our proprietary algorithms and robust reporting, aligns perfectly with the risk mitigation knowledge and solutions from LexisNexis Risk Solutions. We are excited to provide our tools and services to gaming and gambling operators, simplifying their compliance processes,” said Nick Patrick, co-founder and CEO of Radar.
Compliance Updates
Digitain Secures UK Gambling Licence
Digitain, a leading provider of iGaming solutions, is thrilled to announce that it has successfully obtained the UK gambling licence. This significant milestone not only strengthens Digitain’s operations but also broadens its reach across continental Europe, further solidifying its position within the iGaming industry.
By meeting the UK’s stringent regulatory standards and receiving a licence from the UK Gambling Commission, Digitain demonstrates its dedication to responsible gaming and compliance. The newly obtained licence opens up new opportunities for the company to introduce its diverse products and solutions in one of the most competitive iGaming markets. With a strong foothold in the UK, Digitain is ready to deliver tailored gaming experiences that cater to local needs and preferences.
Additionally, the acquisition of the UK licence underscores Digitain’s strategic vision for growth. The company is committed to investing in its technology and resources to enhance operational capabilities, ensuring that partners receive the highest level of support.
Digitain is dedicated to developing diverse gaming solutions that not only meet market demands but also set new industry standards.
The post Digitain Secures UK Gambling Licence appeared first on European Gaming Industry News.
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