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.
Industry-leading provider secures license to provide slots and live content in Denmark
Award-winning casino content provider Stakelogic has obtained a license from the Danish Gambling Authority, Spillemyndigheden, to provide its gaming content in Denmark.
The license will allow Stakelogic to bring its premium portfolio of online casino slots and live dealer content to the Danish market, including recent releases like Fire and Gold Cluster Breaker, Super Wheel Game Show, Trident of Legends, and The Watcher.
Stakelogic is able to partner up with leading Danish operators, establishing itself as a must-have provider in the country. The move further highlights Stakelogic’s commitment to strengthening its position in the European market and exploring new and exciting regulated markets.
The license also further cements the company’s presence in the Scandinavian markets, having secured a license from the Swedish authority, Spelinspektionen, in 2023 and establishing itself as a popular provider among Swedish players.
Denmark is one of Europe’s fastest-growing markets, with a strong focus on customer care and responsible gambling. Stakelogic is proud to have met all the requirements needed to obtain the license, highlighting its commitment to providing players with the best and safest gaming experiences.
Stephan van den Oetelaar, CEO at Stakelogic, said: “Denmark is one of the fastest growing markets in Europe, and we are proud to have achieved a license to the newly regulated market.
We are grateful to Spillemyndigheden for their support in us and we are excited to take our next steps into the market.”
The post Stakelogic Secures License to the newly regulated Danish market appeared first on European Gaming Industry News.
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.
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.
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