Connect with us

Compliance Updates

Spillemyndigheden: Anti-Money Laundering: Screening of Sanctions Lists

Published

on

spillemyndigheden:-anti-money-laundering:-screening-of-sanctions-lists
Reading Time: < 1 minute

 

Gambling operators must comply with the EU’s sanctions regarding freezing of assets. Freezing of assets means that it is prohibited to make funds and assets directly or indirectly available to individuals who are subject to the EU’s sanctions.

Freezing of assets must take effect immediately when an individual, business or organisation is added to a list of sanctions. Consequently, a gambling operator must screen their costumers in accordance with the existing and updated lists.

The EU keeps several sanctions lists that are updated regularly. Therefore, the EU has created a database, EU Sanctions Map, which includes all current sanctions lists concerning anti-money laundering. The map can also be used to search across the lists. Individuals, businesses and organisations that are subject to a requirement for freezing of assets is marked with a frost symbol.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

In addition to the individuals listed in the EU regulations, gambling operators are also obligated to ensure that the operator’s customers do not appear from the UN’s consolidated asset freeze list. The list is available on the Danish Business Authority’s website: UN’s freezing of assets list.

Gambling operators are responsible for ensuring that funds are not made available to a sanctioned individual – for example by paying out winnings. Please note that breaches of sanctions adopted by the EU or UN may be punishable by fine or imprisonment.

See more information on sanctions and asset freeze on the Danish Business Authority’s website, where a guide on freezing of assets is also available.

The post Spillemyndigheden: Anti-Money Laundering: Screening of Sanctions Lists appeared first on European Gaming Industry News.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Compliance Updates

Oddin.gg Officially Registered with LOTBA as a Supplier in the City of Buenos Aires

Published

on

oddin.gg-officially-registered-with-lotba-as-a-supplier-in-the-city-of-buenos-aires

 

Oddin.gg has been officially registered as a supplier by the Lottery of the City of Buenos Aires (LOTBA). This authorization clears the way for Oddin.gg to provide its end-to-end esports betting ecosystem—including its Odds Feed, Risk Management, BetBuilder, Widgets, and more—to licensed operators in the City of Buenos Aires. The milestone reinforces Oddin.gg’s strategic focus on supporting partners across Latin America.

LOTBA, the regulatory authority for online gaming within the Autonomous City of Buenos Aires, is well known for its rigorous compliance and technical standards. While the body manages licensing and enforcement, suppliers must undergo a formal registration process before providing services to local operators. Oddin.gg’s successful registration confirms that it has met all relevant technical, financial, and compliance requirements.

Juana Bischoff, Senior Business Development Manager LATAM at Oddin.gg, said: “Being officially registered with LOTBA marks an important step in Oddin.gg’s long-term commitment to the Latin American market. Esports is gaining real traction across the region, and we want operators in Buenos Aires—and beyond—to have the tools and insight to deliver a top-tier esports betting experience. We’re not just bringing leading technology—we’re bringing the local expertise and regulatory awareness needed to help our partners like Betsson and Jugadon grow.”

The post Oddin.gg Officially Registered with LOTBA as a Supplier in the City of Buenos Aires appeared first on Gaming and Gambling Industry in the Americas.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Asia

Uzbekistan Introduces Penalties for Illegal Gambling Operations

Published

on

uzbekistan-introduces-penalties-for-illegal-gambling-operations
Reading Time: 2 minutes

 

Uzbekistan has introduced strict penalties for illegal gambling operations as the country prepares to launch its regulated betting market on October 9, 2025.

The new penalties target both domestic and foreign operators offering gambling services without a license. The new rules authorise fines indexed to the Uzbek Base Calculation Unit (BRV), a fiscal benchmark used for administrative penalties.

Foreign firms face fines of up to 25,000 Base Calculation Units, around US$882,000. Authorities can also seize illegal earnings, block access to banking and internet services, and ban repeat offenders from the Uzbek financial system. Unauthorised physical casinos, betting shops and mobile terminals will face the same sanctions.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Violations of anti-money laundering rules or personal data misuse carry fines of 15,000 BRV (about US$529,200), and unlicensed deposit-taking could result in penalties of up to US$352,900.

The changes were drafted by the National Agency for Perspective Projects (NAPP), which is overseeing the rollout of Uzbekistan’s new gambling law. NAPP will act as the interim regulator until a permanent authority is established.

Licensed operators must meet strict financial requirements. Online gambling firms need authorised capital of $4.57 million and a $2.05 million reserve fund. Lottery providers must show at least $1.64 million in capital and $1.11 million in reserves.

“This is not a pay-to-play regime. It’s a compliance-first market that will reward transparency and capital discipline,” NAPP has clarified in communications with potential applicants.

Gambling has been banned in Uzbekistan since 2007, except for limited state-run lotteries. The new system marks a shift from prohibition to strict regulation. A centralised system, the Unified State Register of Bets and Players (USRBP), will track all wagers and enforce ID checks and monthly betting limits.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Sanctions will be issued by NAPP’s director after internal review. Offending companies will have 15 days to appeal through NAPP or the courts. Half of all fines will go to the state budget; the rest will fund regulatory operations. Paying fines does not shield companies from further legal action.

President Shavkat Mirziyoyev approved the new framework in 2024, requiring that gambling revenue be used to fund national sports programmes. Licensing guidelines will be released soon, with applications opening before the October launch.

The post Uzbekistan Introduces Penalties for Illegal Gambling Operations appeared first on European Gaming Industry News.

Continue Reading

Compliance Updates

St8 enters the United Kingdom after securing B2B licence

Published

on

st8-enters-the-united-kingdom-after-securing-b2b-licence
Reading Time: < 1 minute

 

Casino games aggregator St8 has secured a UK Gambling Commission (UKGC) remote gambling software licence, as the company continues its strategic expansion into key regulated markets worldwide.

The newly-granted licence means that St8 can now provide its market-leading casino aggregation platform to UK-licensed operators.

The platform has already won plaudits for streamlining integrations and delivering content with speed, simplicity and reliability.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Vladimir Negine, founder and CEO at St8, said: “Securing a UK licence is another major milestone for St8. The UK remains a benchmark for regulation and player protection, and we’re excited to bring our tech-led approach to this mature and competitive market. We’re absolutely committed to supporting our operator partners in regulated markets around the world, and we’re already working on securing additional licences.”

The UKGC licence adds to St8’s growing list of regulated market approvals, which already includes Romania, Malta, and the Isle of Man, with further jurisdictions in progress as part of its broader European and global growth strategy.

St8 partners in the UK and beyond enjoy the industry’s leading back office, built to offer real-time reporting, deeper insights and simple promo management.

The post St8 enters the United Kingdom after securing B2B licence appeared first on European Gaming Industry News.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania