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Compliance Updates

The MGA Hosted GREF 2024 in Malta

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The Malta Gaming Authority (MGA) hosted the Gaming Regulators European Forum’s (GREF) 2024 conference in Malta from May 20 to 22. This prestigious event united gaming regulators from over 25 countries, creating a dynamic platform to tackle pressing industry challenges and exchange invaluable insights.

This year was the first time regulators from other continents were present at the event, inviting a global outlook to the discussions held. Topics discussed ranged from the MGA’s ESG code, responsible gambling, digital and innovation, international perspectives on gambling regulation, anti money laundering and a geographical approach to gambling.

GREF chairperson Isabelle Falque-Pierrotin said she was honoured to open GREF’s 2024 Annual Conference. She underlined the growing maturity of GREF members in their gambling analyses and tools, the urgent need for cooperation between stakeholders, and GREF’s openness to international partnerships. She pointed out that: “European regulators cannot be isolated, apart from the other actors. Even if we have specific and unique responsibilities, we need to work with others to propose effective regulation”.

MGA CEO Charles Mizzi welcomed attendees to Malta for GREF’s 2024 Annual Conference, highlighting the importance of collaboration for effective regulation. He said: “The complexity of the industry demands collaborative efforts. With various stakeholders, including operators, technology providers, and government bodies – all playing critical roles – collaboration allows us to leverage the diverse expertise and perspectives to develop comprehensive and effective regulatory frameworks that address the complexities that are inherent to the industry.”

Additionally, Anna Grech, International Affairs & Policy Outreach Manager at the MGA, delved into the development of the Environmental, Social, and Governance (ESG) Code as a means to acknowledge licensees’ commitment to sustainability, showcasing and building upon the positive initiatives already being undertaken by the gaming industry.

Rachel Bezzina, the Anti-Money Laundering (AML) Manager at the MGA and co-chair of the GREF AML working group, also led a dialogue during the event. She delivered key updates on best practices for effective monitoring and supervision over ML/FT risks.

With over 90 participants representing regulatory bodies from various countries, the conference served as an excellent platform for networking and collaboration among international stakeholders, reinforcing the importance of a unified approach to gaming regulation.

The post The MGA Hosted GREF 2024 in Malta appeared first on European Gaming Industry News.

3 Oaks Gaming

3 Oaks Gaming Enters Spanish Market

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3 Oaks Gaming, an established distributor of iGaming content, has entered the Spanish market after securing certification to supply its slot portfolio in the region.

This approval enables Spanish-licensed operators to integrate more than 20 of 3 Oaks Gaming’s games, bringing some of the distributor’s most recognised slots to local players.

Certified titles available include recent releases such as 4 Pots of Egypt: Hold and Win, Rush for Gold, and Egypt Power. The portfolio showcases 3 Oaks Gaming’s signature Hold & Win mechanic alongside Scatter Pays and its increasingly popular 3 and 4 Pot models, delivering engaging gameplay certified for the Spanish market.

Securing the Spanish certification represents a significant step in 3 Oaks Gaming’s ongoing European growth strategy, supporting its expansion across established and regulated markets.

By entering Spain with a robust, fully approved portfolio, the distributor underlines its commitment to compliance while offering operators content that is aligned with local market requirements and player preferences.

Krasimir Pankovski, Head of Sales at 3 Oaks Gaming, said: “Spain is a strategically important regulated market for us, and obtaining certification here marks an important milestone in our growth journey. By launching a diverse range of certified titles, we are giving Spanish-licenced operators the flexibility to offer engaging content while meeting the highest regulatory standards.”

The post 3 Oaks Gaming Enters Spanish Market appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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Compliance Updates

Dutch Regulator KSA Warns Operators Over “Early Payout” Feature

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The Dutch Gambling Regulator (KSA) has contacted several online sports betting providers regarding incomplete information about the “early payout” feature. The “early payout” feature allows a bet to be considered won before the match has officially ended. This feature is not available in the event of a draw. The KSA found that several providers failed to communicate this sufficiently, making it appear as if players could also use this option for draws.

Early payout

The Early Payout feature allows players to declare their bet a winner if their team has a two-goal lead during the match, regardless of the final result. The odds for Early Payout bets are lower than those for regular bets. The problem arises when this option appears to be offered for draw bets, as there is no team with a lead.

Unclear information leads to confusion

Providers also promote lower odds for draws under the “early payout” feature. The providers’ terms and conditions then state that early payouts are not possible for draws, but this isn’t always clearly communicated when placing the bet. This creates confusion among players, who may assume that early payouts also apply to draws.

Obligation to provide clear information

Providers are required to provide clear and understandable information about the possible outcomes of a bet, including the associated terms and conditions. The KSA determined that providers were not complying with this obligation when providing information about the “early payout” feature. Providers that offer this feature have been contacted and have improved their communication so that players are now more clearly informed about the limitations of early payout for bets on draws.

The post Dutch Regulator KSA Warns Operators Over “Early Payout” Feature appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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3 Oaks Gaming

3 Oaks Gaming Secures Registration from MINCETUR to Enter the Regulated Peruvian Market

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3 Oaks Gaming, an established distributor of iGaming content, has expanded its footprint in the Latin American market after securing registration from MINCETUR, allowing the company to supply 56 of its titles in the regulated Peruvian market.

This approval permits Peru-licensed operators to integrate a range of 3 Oaks Gaming titles, bringing some of the distributor’s most recognised and top-performing games to local players.

The registration marks an important step in 3 Oaks Gaming’s broader LatAm expansion strategy. By entering Peru with a fully approved portfolio, the distributor continues to strengthen its presence in regulated markets and support operators with localised content tailored to regional player preferences.

Krasimir Pankovski, Head of Sales at 3 Oaks Gaming, said: “Peru is one of the most dynamic regulated markets in LatAm, and achieving registration here significantly enhances our regional footprint.”

The post 3 Oaks Gaming Secures Registration from MINCETUR to Enter the Regulated Peruvian Market appeared first on Americas iGaming & Sports Betting News.

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