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EGBA Welcomes European Commission’s Proposal for Digital Services Act

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The European Commission has published its long-awaited legislative proposal for a Digital Service Act (DSA), which inter alia introduces rules for regulating large digital platforms and ensuring that markets impacted by digital gatekeepers remain fair and competitive.

EGBA welcomes the Commission’s proposal and its wider effort to deepen the European Digital Single Market (DSM) which is reflected in the comprehensiveness of its flagship DSA proposal.

The proposal will next be presented to the European Parliament and the Council, the two co-legislators of the EU, who will review the proposal and suggest amendments before coming to a joint agreement on the final contents of the legislation.

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“We welcome the Commission’s Digital Services Act and hope this will be the beginning of renewed efforts by the Commission to address many of the regulatory challenges which impact on companies and consumers who buy and sell services in the digital space. One of the challenges we see in Europe’s online gambling sector is the need for more consistent regulations in the EU, particularly in respect to customer protection, and the Commission needs to step up to address the current fragmentation,” Maarten Haijer, Secretary-General of EGBA, said.

 

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Compliance Updates

EGBA Welcomes European Parliament’s Approval Of New EU Anti-Money Laundering Framework

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The EU’s new anti-money laundering package aims to create a more consistent regulatory framework and will benefit online gambling operators by standardising AML rules and reporting requirements across member states.

Brussels, 24 April 2024 – The European Parliament has approved the EU’s new anti-money laundering (AML) package at its plenary sitting today, marking a significant milestone towards a new EU framework for combatting financial crime. The European Gaming and Betting Association (EGBA), representing Europe’s leading online gambling operators, welcomes the Parliament’s approval of the new AML package and believes the incoming rule changes will strengthen the EU’s approach to tackling money laundering.

The new package will contain:

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  • single rulebook regulation – with provisions on conducting due diligence on customers, transparency of beneficial owners and the use of crypto-assets.
  • The 6th Anti-Money Laundering Directive – containing national provisions on supervision and national AML authorities, as well as on the access of authorities to necessary and reliable information, e.g. beneficial ownership registers.
  • The establishment of the European Anti-Money Laundering Authority (AMLA) – which have supervisory and investigative powers to ensure compliance with AML requirements, operating in conjunction with national AML authorities.

EGBA believes the new rules will benefit Europe’s online gambling operators by ensuring a consistent regulatory approach across EU member states. Another important feature, under the competence of AMLA, will be the creation of a harmonised reporting format for Suspicious Transaction Reports (STRs). This will ensure that Europe’s online gambling operators encounter the same STR requirements across all EU member states, thereby setting clear and consistent expectations that will reduce administrative burdens and costs.

To assist online gambling operators in complying with the EU’s new AML rules, EGBA has developed industry-specific guidelines on anti-money laundering which apply a risk-based approach and include practical measures that operators can take – on customer and business risk assessments, customer due diligence processes, suspicious transaction reporting, and record keeping. EGBA members already apply the guidelines and submit annual reports to EGBA that summarise their progress in implementing its measures. The guidelines are also open to all operators based in the EU and EGBA encourages operators to sign up to them.

The AML package now awaits formal adoption by the Council of the EU, expected in May, before being published in the EU’s Official Journal.

“We welcome the European Parliament’s approval of the new anti-money laundering package. The new framework will set high standards and ensure greater consistency in the application of AML rules across the EU. Online gambling operators, especially those operating in multiple countries, will benefit from a single rulebook and harmonised reporting requirements that will unravel national complexities. We will look to review our industry guidelines on AML to ensure their alignment with the new EU rules. By signing up to the guidelines, operators can already prepare themselves for the incoming changes in the EU rules and join our members in their efforts to proactively and positively contribute to the EU’s fight against money laundering.” – Dr. Ekaterina Hartmann, Director of Legal and Regulatory Affairs, EGBA.

 

Source: EGBA

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The post EGBA Welcomes European Parliament’s Approval Of New EU Anti-Money Laundering Framework appeared first on European Gaming Industry News.

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Casino Stream

PlayStar Casino and SGG Media Debut New Casino Livestream Show

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PlayStar Casino has teamed up with SGG Media to launch a new United States casino streaming show; one of the first fully-licensed streaming casino shows to reappear on Twitch

PlayStar Casino has made its first foray into the live streaming space with the launch of a new show, Casino Stream, in collaboration with SGG Media.

Casino Stream is one of the first fully-licensed streaming casino shows to reappear on Twitch. The show will see three New Jersey-based streamers take part in a weekly live action casino show, broadcast via Twitch. The hosts will play a range of games available via PlayStar Casino, bringing the excitement of legal casino and slots to be played online to the masses in ‘The Garden State’ all in real time.

Fully PlayStar-branded, the show will see a trio of New Jersey-based influencers immerse themselves in exciting slots and casinos available on the PlayStar website. The show hosts will be allocated a budget for each show, which they can use to play a diverse range of products during the live stream.

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“PlayStar Casino is excited to partner with SGG Media in allowing New Jersey casino enthusiasts to watch and play our online slots and games,” the Chief Marketing Officer for PlayStar Gaming Group AB, Jon Bowden, said. “We provide the excitement of live, legal, casino games to be played online by New Jersey residents while a large viewership can view the action in real time.”

This new show marks a new milestone for both PlayStar Casino and SGG Media. Back in October of 2022, live streaming platform Twitch. tv banned all United States gambling sites that aren’t gambling licensed in the United States. This new show will pave the way for future online casino streaming in the United States.

SGG Media launched its legal sports gambling streaming show, Live Drive, on October 1, 2023, to an audience of nearly 25,000 sports fan live viewers on Twitch, YouTube and other streaming platforms. That show was the first United States fully legal and licensed live sports betting streaming program.

“Our Casino Stream show is focused on being completely compliant with all state gambling laws,” the Chief Executive Officer for SGG Media, Troy Paul, said. “PlayStar Casino is a licensed New Jersey casino and we will only allow verified adult gamblers located in New Jersey to play. Our streaming show hosts bring the thrill of live bets and viewing big wins to our huge online audience.”

PlayStar Gaming Group AB (http :// www. PlayStar. com) offers a fully-licensed online casino in the United States. Managed by a team built exclusively from the most experienced talent in the industry across the United States and European Union, PlayStar Casino delivers a ‘casino first’ platform through award-winning slots, table games and promotions.

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SGG Media (https :// SGGMedia. com) features 2,000 sports content creator/influencers with a combined social media following of over 60 million sports and gambling fans.

“We create a huge audience for our streaming shows by generating exciting social media posts and videos of electrifying sports and gambling action,” Paul said.

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Games Factory Talents has teamed up with Nordic Game to bring you Nordic Game Talents.

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Looking to take your career to the next level in the games industry? Then, Nordic Game Talents is the place to be! Games Factory Talents has teamed up with Nordic Game to bring you Nordic Game Talents.

From Oct 27-29, the online and interactive event is dedicated to recruitment and career building in the creative & games industry within the Nordic region. The event empowers participants to be part of a bigger community and motivates them to explore new paths in achieving their career goals.

Hiring creative & games studios – Supercell, Funcom, Panzerdog, Tactile Games, Gamecan, Fingersoft, Dazzle Rocks, Redhill Games to name a few from the Nordic region will be participating in the event. These studios will share information on their latest projects, work culture and what it takes to be part of their team. The individual games associations from Finland, Denmark, Sweden, Norway and Estonia will share insights through live sessions on the booming games industry in their respective countries. Career development topics pertinent to job seekers like – How to have a successful first interview, Creative Portfolio reviews will also be discussed.

Experienced game industry professionals and individuals beginning their careers from around the world are welcome to join the event. One-to-one interviews with the hiring studios can be scheduled through the event platform. A great opportunity to get to know the studios and network with game professionals from around the world.

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Participating in the event

As a job seeker attending Nordic Game Talents, take a few minutes to fill out a simple registration form. After filling the registration form you will receive a link to the online event platform – PINE, to join the event on 27th October. Participants joining Nordic Game Talents will also receive a free-of-charge pass to the Nordic Game Conference.

To view the complete agenda, please click here and to learn more about the event please visit Games Job Fair

About Games Factory Talents

A Helsinki-based talent attraction agency dedicated to the games & creative industry. Our services include direct recruitment, organizing game job fairs and managing a community of game industry professionals through our GameDev Talent Board.

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To learn more about Games Factory Talents visit – Games Factory Talents

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