Compliance Updates
Game Payment cashless App secures Tier 1 UK bank approval ahead of ICE London debut
One week ahead of its debut appearance at ICE London the Game Payment Technology (GPT) cashless payments App has confirmed a payment acquiring agreement with one of the top three UK acquirers. This concludes months of intensive work led by the payment’s team from GPT’s JV partner, Polar Moment and represents the first such deal with a Tier 1 UK bank for cashless gaming in pubs and other venues.
GPT Director John Rozek believes the agreement represents a major endorsement of the cashless payments solution which has been under development since Summer 2019. He stated: “As we anticipated, we have secured card processing services with one of the top 3 UK acquirers – a nationally recognised brand. This is a testament of the acquirer’s confidence in GPT’s business plans including the product, the financial structure, the skills within our team and our ability to professionally manage a gambling e-wallet.
He added: “Financial directors understand the expectations and obligations a Tier 1 acquirer demand and it will give potential customers both here and internationally huge confidence in GPT. It is a major achievement and one which demonstrates that we are a professional payments organisation, respected in both the gaming and payments sectors, and able to manage the complexities of a gaming e-wallet service. It confirms we are ready for real players to start enjoying playing without cash in their local pub!”
The four month process involved scrutiny of the GPT business and financial plans, confirmation of Directors backgrounds and experience in both the gaming and payments sectors, risk assessments, compliance reviews as well as anti-money laundering and counter terrorism policies control and procedures. Rozek concluded: “Of course it’s fantastic to have secured a Tier 1 acquirer ahead of ICE which represents the last hurdle before we go live. It will provide visitors with great confidence in the GPT brand as well as the strength of the infrastructure and the people behind it.”
Game Payment Technology will be appearing on the Reflex Gaming stand S8-220 at the ExCeL Exhibition Centre.
Compliance Updates
UKGC: Three Arrested on Suspicion of Cheating Offences
Three people were arrested in relation to allegations of match fixing on a boxing fight.
A 54-year-old woman, a 33-year-old man and a 23-year-old man were arrested in Birmingham as part of an investigation led by the Gambling Commission and supported by West Midlands Police.
The 54-year-old and the 33-year-old were arrested in Kings Norton, while the 23-year-old was arrested in Longbridge.
All three are alleged to have committed the offences under section 42 of the Gambling Act 2005.
The investigation was launched following reports of suspicious betting activity linked to a boxing match held last year.
The post UKGC: Three Arrested on Suspicion of Cheating Offences appeared first on European Gaming Industry News.
Australia
NSW: Minns Government Moves to Ban Gambling Advertising from Trains
The Minns Government has moved to ban gambling advertising on public transport in NSW.
The prohibition applies to Transport owned and controlled assets, including internal and external advertising on trains, metro, buses, light rail, train stations and ferry terminals.
Transport operates one of the largest portfolios of advertising assets across Australia. This includes 798 advertising boards at Sydney train stations, 49 road facing digital billboards, adverts on up to 3711 urban buses, 76 trams and across the Tangara train fleet.
The ban extends to all casino, lottery and online betting advertising.
The NSW Government will now work with multiple advertising contract holders to implement the required changes over the next 12 months.
Transport’s advertising suppliers must ensure that all advertising material complies with all applicable laws, accepted industry standards and codes of conduct established by the advertising industry for example, the Australian Association of National Advertisers (AANA) Advertiser Code of Ethics and AANA Code of Ethics Practice Note.
There are also additional rules that apply to Transport’s contract holders. These include a ban on political advertising on all assets, which applies equally to all political parties.
Where assets are not owned by Transport (e.g. bus stops, retail outlets or nearby private property), the NSW Government will work with the relevant entitles to see how their advertising can align with the gambling advertising ban.
This is the latest in a suite of reforms introduced by the Minns Labor Government to reduce gambling harm. The reforms include:
• reducing the statewide gaming machine entitlement cap in June 2023
• banning political donations from clubs with electronic gaming machines on 1 July 2023
• reducing the cash input limit on new gaming machines from $5000 to $500 on 1 July 2023
• banning all external gambling signage in venues on 1 September 2023
• banning the placement of any signage or advertising relating to gaming machines either on, or visible from an ATM or EFTPOS terminal with cash withdrawal facilities and introduced Responsible Gambling Officers for venues with more than 20 machine entitlements, on 1 July 2024
• requiring Automatic Teller Machines (ATMs) or EFTPOS terminals that allow cash withdrawals to be placed at least 5m from the entry to a gaming room and not be visible from any machine or entry to a gaming room, from 1 January 2025
• established an Independent Panel to conduct a trial of cashless gaming in pubs and clubs throughout 2024
• committing $100 million to harm minimisation – investing in research, treatment, services and reform.
Minister for Transport Jo Haylen said: “Gambling advertising has been a common sight on our public transport for a couple of years now, and I’m pleased our Government is taking action to remove it. Parents are rightly worried about the impact it has on their kids, so its not something that we think that needs to be on our transport network.
“With over 3500 buses, close to 800 advertising assets at train stations, as well as advertising on light rail and trains, Transport’s advertising contracts are vast. Because of the scale it will take some time to implement this change, but we will be working closely with our contract partners over the next 12 months to get this done.”
Minister for Gaming and Racing David Harris said: “Removing gambling advertising from public transport is another demonstration of the Minns Labor Government’s commitment to reducing gambling harm in NSW.
“This move will reduce the public’s exposure to gambling advertising and builds on the suite of reforms the government has introduced over the past 20 months to reduce harmful impacts of gambling.”
The post NSW: Minns Government Moves to Ban Gambling Advertising from Trains appeared first on European Gaming Industry News.
Compliance Updates
Soft2Bet Secures General Licence for Other Games in Spain
Soft2Bet, a leading iGaming provider and operator, has acquired a General Licence for other games by the Directorate General for the Regulation of Gambling (DGOJ) in Spain. This licence authorises Soft2Bet to offer casino products in the Spanish market, reinforcing the company’s commitment to providing a safe, secure and fully compliant online gaming environment that meets the highest standards of responsible gaming.
This regulatory milestone allows Soft2Bet to expand its portfolio and deliver tailored casino gamification experiences to Spanish players. By focusing on localised content and innovative features, Soft2Bet continues to align with Spain’s evolving market landscape and player preferences.
Operating across multiple markets, Soft2Bet provides highly customisable solutions powered by its proprietary Motivational Engineering Gaming Application (MEGA). The company’s flexible approach combines off-the-shelf solutions with bespoke options, ensuring the right level of customisation to meet the diverse needs of its partners.
Leveraging its extensive B2C experience, Soft2Bet has successfully developed and operated multiple brands, such as CampoBet, Betinia, Don.ro across various highly competitive markets. This has served as a strong proof of concept, delivering high-performance results, increased retention and strong acquisition rates.
David Yatom Hay, General Counsel of Soft2Bet, said: “Securing this licence in Spain marks a significant step in our ongoing expansion and reinforces our commitment to compliance and responsible gaming. Our rapid growth and dedication to industry standards enable us to provide exceptional gaming experiences tailored to the needs of Spanish players and market alike.”
The post Soft2Bet Secures General Licence for Other Games in Spain appeared first on European Gaming Industry News.
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