Compliance Updates

Zlatan Ibrahimovic “Facing Three-year Ban” That Would End Career Amid Investment Allegations

Published

3 years ago

April 19, 2021

Reading Time: < 1 minute

AC Milan and Sweden striker Zlatan Ibrahimovic’s career is at risk as he could face a three-year ban due to his association with a betting company, according to reports in his native Sweden.

Ibrahimovic’s Stockholm-based company Unknown AB owns 10% of the shares of Bethard, a gambling site with offices in Malta.

That’s according to Aftonbladet, while the Swedish Football Association has been aware of the potential problem brewing for three years.

The report claims this is why Ibrahimovic was left out of Sweden’s squad for the 2018 World Cup, when a return to the national side was mooted, despite having retired from international duty two years earlier.

Now it’s claimed that FIFA and UEFA are finally preparing to intervene and make an example of the ex-Manchester United striker.

Neither FIFA nor UEFA allow players who feature in their competitions to have financial interests in gambling companies.

But Ibrahimovic may have breached these rules during AC Milan’s Europa League qualifier with Shamrock Rovers in September 2020 and Sweden’s World Cup qualifier with Georgia last month, after he returned to the national team set-up.

His involvement with Bethard could be punished with a substantial fine and a three-year ban by FIFA which, given the Swede is 39, could spell the end for his career.

UEFA’s punishments are less clear, while Aftonbladet approached both governing bodies for a comment but were refused one.

The Swedish newspaper claims Ibrahimovic’s company is the fourth-largest owner in Bethard, which made a post-tax profit of £25.79 million in 2019.

Compliance Updates

Elys BMG Group Announces Approval for The Ugly Mug Sportsbook in Washington, DC.

Published

16 hours ago

April 19, 2024

GamingAmericas.com

elys-bmg-group-announces-approval-for-the-ugly-mug-sportsbook-in-washington,-dc.

Elys BMG Group announced that The Ugly Mug in Washington D.C. has been granted provisional approval from the District of Columbia Office of Lottery and Gaming Regulation and Oversight Division (DCOLG) to open its sportsbook at 723 8th St. SE. As the fourth privately owned sportsbook venue in the District powered by Elys’ innovative Gameboard betting technology, The Ugly Mug stands as a testament to Elys’ commitment to bringing cutting-edge solutions to local businesses and sports enthusiasts.

The grand opening for The Ugly Mug sportsbook is anticipated to occur during the week of April 27th. Elys will unveil the grand opening festivities, promotions, and events as the date draws closer.

With easy access to sports wagering and a classic American menu in a relaxed setting, The Ugly Mug sportsbook is set to become a premier destination in the Navy Yard region of Washington D.C. and is another step forward for Elys becoming the leading betting technology provider for neighborhood sportsbooks in the US.

Compliance Updates

GoldenRace is now certified in the Netherlands

Published

2 days ago

April 18, 2024

George Miller

goldenrace-is-now-certified-in-the-netherlands

Reading Time: < 1 minute

GoldenRace, global provider of award-winning Virtual Sports and betting solutions, has recently obtained a certification for its highly acclaimed Virtual Sports and Games in the Dutch market.

GoldenRace successfully navigated the stringent regulatory landscape of the Netherlands, and now will be providing its impressive betting products into the Online Dutch market, which will be an important advancement in our operational expansion.

The Netherlands betting scene is on the cusp of a substantial growth phase and with GoldenRace’s latest certification, we introduce to the Dutch market a range of highly popular games tailored to desktop and mobile, in both scheduled and on-demand modes.

Among the offer, players will enjoy our most-played Virtual Football line-up – including Football Single, Leagues, World Cup and Euro Champions-, adrenaline-pumping 3×3 Basketball and MMA and top-notch races as Horse Racing, Greyhound Racing and Grand Prix Indianapolis 60. Last but not least, our Number Games, such as Spin2Win. All ready to captivate Dutch players.

The post GoldenRace is now certified in the Netherlands appeared first on European Gaming Industry News.

Compliance Updates

MGA: Update to the Incident Reporting Requirements

Published

2 days ago

April 18, 2024

George Miller

mga:-update-to-the-incident-reporting-requirements

Reading Time: 2 minutes

The Malta Gaming Authority would like to inform its licensees of updates made to the Incident Report mechanism available through the Licensee Portal The information hereunder outlines relevant guidance and procedures for the submission of an Incident Report through the updated reporting instrument entitled the ‘Technical – Information Security Incident’.

As mandated by Articles 37(2)(c) and (d) of the Gaming Authorisations and Compliance Directive (Directive 3 of 2018), “Licensees shall notify the Authority forthwith, and in any case no later than three (3) working days after, the following:

(c) Any breach of the licensee’s information security that adversely affects the confidentiality of information relating to players;

(d) Any breach of the licensee’s information security that precludes players from accessing their accounts for a period exceeding twelve (12) hours.”

In this regard, Licensees are obliged to submit an Incident Report in order to notify the Authority of the circumstances relating to an information security breach that meet the above specified criteria. Additionally, Licensees are advised to remain mindful of any further obligations emanating from the General Data Protection Regulation (EU/2016/679) and any relevant legislation.

The Technical – Information Security Incident option will be accessible through the “New/Change” dropdown menu via the Portal. Upon selection, users will be directed to the applicable sections of the ‘Technical – Information Security Incident’ where all compulsory fields and any relevant documentation must be submitted to the Authority.

Upon submission, the Incident Report shall undergo review by the Authority. Any missing information that may be identified by the Authority, shall be requested accordingly from the Licensee. It is imperative that any pending clarifications are addressed in a timely manner.

If no further clarifications are deemed necessary by the Authority, the Incident Report will be closed off accordingly, and any relevant documentation will be securely filed for record-keeping purposes.

Any Incident Reports left in ‘Draft’ form (i.e. opened but not effectively submitted) for a period of ninety (90) days shall be automatically discarded.

The post MGA: Update to the Incident Reporting Requirements appeared first on European Gaming Industry News.