Compliance Updates

EGBA’s Views on New Spanish Gambling Regulations

Published

5 years ago

January 13, 2020

The new governing parties in Spain have indicated that they intend to introduce new regulations for gambling, including additional consumer protection measures, stricter restrictions for gambling advertising and a review of taxation for online gambling.

While it is too early to predict the specific measures that will be introduced, general policy commitments were outlined in a 50-page accord published on December 30 by the PSOE (Socialist) and Podemos (Left) parties who form the country’s new coalition government.

EGBA welcomes policy measures which genuinely strengthen consumer protection in Spain’s online gambling market but reiterates that such measures should be balanced, proportionate and designed in such a way that they support rather than undermine the regulated market.

“In the past, we have seen, in various jurisdictions, the introduction of well-meaning consumer protection measures which had an actual counterproductive effect because they pushed online players towards unregulated, off-shore websites which exposes them to dangerous practices and a lack of legal recourse when their consumer rights and protections are being trampled on,” EGBA said.

European Gaming Congress 2024 (Warsaw, Poland)

“The Spanish government should pay attention to this risk and ensure that new measures, which might be considered, are mindful of the need to ensure a high participation rate of players in the Spanish regulated market, rather than the offshore market. As far as we are aware, there is no research or studies that conclude that the volume of advertising for gambling impacts the risk of problem gambling. However, at the same time, EGBA obviously recognizes the need to ensure that advertising is responsible and helps protect vulnerable consumers and minors,” EGBA added.

“Gambling advertising does play an important role in informing consumers of which websites are regulated and licensed in Spain, and where they can play in a safe and regulated environment that takes into account their need to be protected. In most EU countries, advertising is also required to provide information about the risks of gambling and where and how consumers can obtain help if they need it,” EGBA added

“While we recognize that advertising can be seen to be excessive by regulators or public opinion, a certain level of advertising is required to ensure that consumers remain within the regulated online environment,” Maarten Haijer, Secretary-General of EGBA said.

Compliance Updates

Stakelogic Secures License to the newly regulated Danish market

Published

2 days ago

December 20, 2024

George Miller

stakelogic-secures-license-to-the-newly-regulated-danish-market

Reading Time: < 1 minute

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.

Compliance Updates

UKGC Appoints Charles Counsell OBE as Interim Chair

Published

2 days ago

December 20, 2024

Niji Narayan

ukgc-appoints-charles-counsell-obe-as-interim-chair

Reading Time: < 1 minute

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

Published

2 days ago

December 20, 2024

Niji Narayan

Reading Time: < 1 minute

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.