Compliance Updates
Office of Lottery and Gaming Approves FanDuel as Sports Wagering Operator for District of Columbia
The Office of Lottery and Gaming (OLG) announced that FanDuel is the new sports wagering subcontractor for Intralot Inc., OLG’s lottery and sports wagering system vendor. Under this agreement, residents of Washington, D.C. will gain access to FanDuel’s sports wagering app, which is the market leader nationally, as well as its website and retail platforms.
“FanDuel’s industry-leading offering will ensure that the District maximizes tax revenue under its existing contracts this year while delivering a best-in-class experience for 18+ residents,” Frank Suarez, Executive Director of OLG, said.
FanDuel’s mobile sports wagering platform will be available to both residents and visitors inside the geographic boundaries of the District of Columbia starting this spring. The new partnership will bring immediate financial benefit to the District, including an initial $5M fee payable by Intralot within the current fiscal year. The initial fee alone guarantees a significant revenue increase from sports wagering for the District in 2024.
Other benefits of the agreement include:
- Intralot will assume OLG’s current operating costs associated with sports wagering, providing additional savings to help increase the revenue from sports wagering that will go to the District’s general fund, allowing the District to fund critical programs.
- Washington, D.C.’s Certified Business Enterprises (CBE), local, often minority-owned businesses will continue to gain revenue from sports wagering. Under this new partnership, the CBEs who are part of the existing sports wagering component of the contract are expected to see 1.5 to 2 times greater gaming revenue than they currently do.
- FanDuel’s strong national presence and 50% market share in neighboring states will allow Washington, D.C.’s 20 million annual visitors to engage in legalized sports wagering and will also regain the participation of residents who currently engage in sports betting in neighboring states.
- Additionally, GambetDC’s existing in-store gaming kiosks will be replaced by FanDuel’s on a phased basis.
OLG will maintain its strong commitment to responsible gaming oversight. All users will now have access to FanDuel’s industry-leading problem gambling prevention, education, and advocacy resources. The FanDuel platform offers built-in app safeguards, allowing customers to set deposits, wagers, and time limits for their play.
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Digitain strengthens its regulated presence in Europe by obtaining Belgium’s E Category License.
Digitain, the leading iGaming solutions provider, has announced that it has been officially licensed to operate in Belgium, marking a significant milestone in the company’s ongoing European expansion. This achievement highlights Digitain’s commitment to compliance, innovation, and delivering trusted solutions to its global partners.
Belgium is a highly regulated jurisdiction with strict standards to ensure fair play and responsible gaming. Securing this license further strengthens Digitain’s reputation as a reliable and compliant technology provider, enabling it to offer its award-winning solutions fully aligned with local regulations.
Digitain remains committed to expanding its regulated market presence, fostering partner success, and upholding the highest standards of compliance and data protection.
The post Digitain Expands into Belgium with Regulatory License Approval appeared first on European Gaming Industry News.
Compliance Updates
Spelinspektionen Develops New Risk Assessment for Money Laundering in the Swedish Gambling Market
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Spelinspektionen, the Swedish Gambling Authority, has developed a new risk assessment for money laundering in the Swedish gambling market.
In this risk assessment, which replaces previous assessments, the various approaches that enable licensees to be exploited for money laundering, referred to as threats, have been updated to better reflect the current situation. The vulnerabilities of the gaming forms, i.e. circumstances that are assessed to be able to affect the possibility of a threat occurring, have also been revised.
The method for assessing risk has also been revised to harmonise the Swedish Gambling Authority’s risk assessment with the national risk assessment produced by the Coordination Function for Measures Against Money Laundering and Terrorist Financing and the supranational risk assessment published by the European Commission.
The Swedish Gambling Authority has previously assessed that there is a low risk of land-based commercial casino gaming being used for money laundering. The authority’s regulations have therefore exempted the gaming form from the application of the money laundering regulations and a number of provisions in the Gambling Act. In the Swedish Gambling Authority’s new revised risk assessment, the risk of the gaming form being used for money laundering is no longer assessed as low. As a result, the Swedish Gambling Authority has initiated regulatory work to review the exemptions from the requirement to apply the money laundering regulations and register players and agents. Interested parties will have the opportunity to submit comments on the regulatory changes in a forthcoming consultation.
The post Spelinspektionen Develops New Risk Assessment for Money Laundering in the Swedish Gambling Market appeared first on European Gaming Industry News.
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The NSW Government has amended the Casino Control Regulation to extend the term of The Star’s manager Nick Weeks, who will continue to have oversight of casino operations until at least 31 March 2026.
The government extended Mr Weeks’ term at the request of the NSW Independent Casino Commission (NICC) after the NICC declined to lift the suspension of The Star’s licence.
Mr Weeks will continue to hold the licence for The Star over the next six-month period, allowing the casino to operate gaming facilities while its licence remains suspended.
The NICC first appointed Mr Weeks to the role of manager in October 2022, when The Star’s casino licence was suspended following the first Bell Review.
NICC Chief Commissioner Philip Crawford said there was still too much uncertainty surrounding The Star to consider reinstating its casino licence at this time.
“The NICC considers it appropriate to continue with the current arrangement so it can better assess the effectiveness of important remediation work and await the outcomes of other pressing financial matters concerning The Star,” Mr Crawford said.
“The NICC understands the many challenges The Star is facing and is closely monitoring The Star’s progress as it works to prove it is capable of regaining its casino licence.”
The post NICC extends The Star manager’s term for six months appeared first on European Gaming Industry News.
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