Compliance Updates
EGBA Urges France to Regulate Online Casino
The European Gaming and Betting Association (EGBA) expressed its concern about the findings of a new study into the size of France’s black market for online gambling. The study, commissioned by the national gambling authority l’Autorité Nationale des Jeux, estimates France’s black market for online gambling to be worth up to €1.5 billion annually in gross gaming revenue (GGR), equivalent to nearly half France’s regulated online gambling revenue. This suggests that France has one of the EU’s largest online gambling black markets and, to address the problem, EGBA calls on the French authorities to end the country’s ban on online casino games.
Although France is one of Europe’s significant gambling markets, it is one of just two EU countries which has a ban on online casino games, creating a black market with all its inherent risks. The new study, conducted by PwC, found that websites offering online casino games are major contributors to the country’s online black market and, along with slots, account for up to 50% of France’s black market website traffic. While there is clearly demand in France for these games, these websites operate outside of French laws and many of them threaten the safety of French players, who have no legal recourse or minimum protections, such as self-exclusion, when they use them.
The study found that around 3 million French players use black market websites at least once a month. Even more concerning, the study also established that high risk players account for 79% of the GGR generated by these players in the black market, meaning vulnerable players can be exposed to unsafe, unregulated websites which offer them no safer gambling protections.
To safeguard these players and foster a safe gambling environment for all, EGBA urged the French authorities to reassess the country’s existing ban on online casino games, and, consistent with the already established French regulation of online sports betting, take the necessary steps to ensure there is a safe and regulated environment also for the country’s online casino players. Such a regulatory framework should be based on a multi-licensing model, where several operators can obtain business-to-customer licenses, as this has long been proven to be the most effective method to reduce black markets in online gambling.
“The scale of France’s online black market is alarming, and we believe it is one of the EU’s largest online gambling black markets, alongside Germany and Italy. The country’s prohibition of online casino is clearly a big part of the problem. Given the popularity of online casino, and the need to protect consumers from the risks of the black market, it is imperative that the French authorities urgently reassess their current ban on online casino games. The ban is counterproductive and fails consumers. By regulating online casino games through a multi-licensing model, France would better protect its consumers, regain more control over its online gambling market, and secure vital tax revenues. The best way to tackle a black market is to establish a competitive regulated market alternative. The time to act is now,” Maarten Haijer, Secretary General of EGBA, said.
Compliance Updates
NIGC Announces Acting Chair
The National Indian Gaming Commission announced the President’s appointment of Associate Commissioner Sharon M. Avery as Acting Chair of the Agency, effective May 15, 2024. Secretary of the Interior Deb Haaland recently appointed Avery to a three-year term as Associate Commissioner, effective May 6, 2024. Avery will serve both as Associate Commissioner and Acting Chair until a presidentially appointed, Senate-confirmed Chair is in place.
As Acting Chair, Avery has the same statutory authority to lead the Agency and take official actions as a Senate-confirmed appointee.
“I am humbled the administration has entrusted me with the distinguished opportunity to serve as the NIGC Acting Chair. In this capacity, and to the best of my abilities, I will diligently execute my duties and responsibilities designated by the Indian Gaming Regulatory Act to continue the Agency’s regulatory oversight of tribal gaming facilities without disruption, until a permanent Chair has been confirmed,” said Avery.
Avery is an enrolled member of the Saginaw Chippewa Indian Tribe of Michigan. She has been with the NIGC for over four years where she has served as an Associate General Counsel in the NIGC Office of General Counsel. Before joining the NIGC, Avery served for more than 10 years in the legal department for the Saginaw Chippewa Indian Tribe of Michigan. Most recently, she served as the Tribe’s General Counsel for Tribal Operations.
Compliance Updates
Spillemyndigheden: Anti-Money Laundering- A report to the police must be followed up by a notification
Notifications to the Money Laundering Secretariat is one the most important sources of information on money laundering and financing of terrorism. A notification is information about a potentially criminal act, and it cannot be replaced by a report to the police.
Gambling operators are obligated to notify in accordance with section 26 of the AML Act. The obligation to notify means that gambling operators must immediately notify the Money Laundering Secretariat if they know of, suspect, or have reason to believe that a transaction, funds or an activity is or has been linked to money laundering or financing of terrorism.
Notifications are essential for the role of the Money Laundering Secretariat, as notifications can in themselves constitute a case. In addition, a notification about a suspicion can be part of a larger case of other suspicious matters.
Police reports cannot replace notifications
There are no exceptions to the obligation to notify even if you have reported the matter to the police. In case a gambling operator has reported a customer to the police, the gambling operator must also notify the Money Laundering Secretariat which is an authority independent from the police.
The post Spillemyndigheden: Anti-Money Laundering- A report to the police must be followed up by a notification appeared first on European Gaming Industry News.
Compliance Updates
CT Interactive Certifies 60 Games and Hot Luck Jackpot for Peru
CT Interactive has successfully certified 60 of its most popular games, along with the Hot Luck Jackpot, in Peru. This certification aligns with recent legislative updates in the Peruvian market, aimed at enhancing the gaming environment.
In response to these regulatory updates, CT Interactive has proactively certified a diverse range of games to provide Peruvian operators with a wide array of engaging gaming options. The newly certified games cover a broad spectrum of themes and features, ensuring that there is something for every type of player.
The newly certified games are: Hit the Hot, Lord of Luck the Wheel, Wizard Blizzard, 20 Star Party, Celestial Dragon, 40 Mega Slot, Monkey Sevens, 40 Shining Jewels, Shining Treasures, 40 Treasures, Giraffe Wild, 50 Treasures, Rodeo Power, Alaska Wild, Lord of Luck, Amazons Spear, Ramesses the Great, Banana Party, Fortune Pig, Brilliants Hot, The Power of Ramesses, Brilliants on Fire, Treasure Chase, Chilli Fruits, The Oldest Oak, Coffee Magic, Banana Merge, Dancing Dragons, Fortune Pyramid, Duck of Luck, HOT 7’s X 2, Fire Dozen, Magic Crown, Fortune Fish, Pick the Pig, Great Queen Bee, Win Storm, Lucky 3 Penguins, 20 Clovers Hot, Lucky Clover, Full of Luck, Penguin Party, The Great Sevens, Pot’o Luck, Fire Egg, Purple Fruits, The Golden Duck, Purple Hot 2, 40 Fruitata Wins, Pyramid of Gold, Power Storm, Wild Clover, The Big Chilli, Wild Hills, Jester Jack, Big Joker, Lucky Kiwi, Dark woods, 20 Mega Slot and Fluffy Tails.
Each of these games has been meticulously tested and certified to meet the stringent new standards set forth by Peruvian regulators.
The post CT Interactive Certifies 60 Games and Hot Luck Jackpot for Peru appeared first on European Gaming Industry News.
-
Aposta Ganha6 days ago
Aposta Ganha strengthens LatAm sports betting market integrity with IBIA membership
-
Eastern Europe6 days ago
TotalBet Joins Forces with Fast Track to Boost Player Engagement
-
Latest News6 days ago
NIFL Strikes Exclusive Data & Streaming Deal With FeedConstruct
-
Canada5 days ago
Court Decision Upholds iGaming Ontario’s Model
-
Compliance Updates5 days ago
Supremeland Gaming Continues U.S. Expansion With Supplier License Approval In Michigan
-
Latest News4 days ago
Games Global and OROS Gaming add to acclaimed series with Magnificent Power Wolf Fire Spirit™
-
Asia4 days ago
From LatAm to Asia: Meet GR8 Tech at SiGMA Manila
-
Latest News5 days ago
Wizard Games embarks on a spellbinding adventure in Wynmor’s Tales – The Rise