Compliance Updates

iGaming Platform (PAM) Pragmatic Solutions Expands Further In Malta Under New MGA B2B Licence

Published

4 years ago

May 6, 2020

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Pragmatic Solutions, a fully API based iGaming Platform (PAM), further strengthened its position in the market by obtaining the Critical Gaming Supply Licence, granted by the Malta Gaming Authority. The company was previously compliant and operating in Malta, but this new licence offers Pragmatic Solutions complete B2B rights, thus propelling it among the most trustworthy iGaming tech suppliers in this territory.

The Critical Gaming Supply Licence was obtained in the context that Pragmatic Solutions respects all the terms and conditions in the Gaming Authorisations Regulations. The B2B licence will last 10 years from the moment it was granted and offers the company a chance to develop its position as a gaming technology supplier within Malta.

Chetan Pandya, Head of Product at Pragmatic Solutions said: “This licence is a huge achievement for Pragmatic Solutions. Even though we were already operating in Malta and we were compliant with the regulations in this territory, being fully aligned with the requirements that MGA pushes forward is a big step forward and a proof of our product quality and business approach. A B2B licence opens doors to new, long-term partnerships within the territory, a step that could only lead to expansion for all parties involved.”

The platform currently operates under Malta, the UK and Curacao operator licences, with plans in place for Denmark, Italy, and Spain expansion. Pragmatic Solutions offers a ready-made product with technology designed for the right purpose, right from the start. The platform gives operators a chance to choose from an extensive range of solutions – CRM management, customer support, risk management, compliance management and more, thus increasing operational efficiency, reducing costs and boosting profits.

Compliance Updates

BetComply, RiskCherry and White Coral team up to offer go-to-market service

Published

1 day ago

May 14, 2024

George Miller

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Compliance consultancy BetComply, independent test lab RiskCherry and legal advisory White Coral have agreed a strategic alliance, meaning the trio can now offer a complete, go-to-market service to igaming suppliers looking to launch their products in new jurisdictions.

The new service was born out of direct feedback from games studios who were struggling with the need to engage multiple advisories and consultancies ahead of new market launches.

By combining forces, BetComply, RiskCherry and White Coral are together able to provide an efficient and seamless experience, as well as a unified conclusion to each project: the relevant licence or certification for the supplier.

BetComply will cover pre-compliance testing, understanding technical requirements and policy drafting; RiskCherry will handle testing, inspection and certification; and White Coral will provide legal coverage across software agreements, sales contracts and more.

Daniel Brookes, CEO at BetComply, said: “For too long, launching content in new markets was a fragmented and frustrating process for games studios. By teaming up with RiskCherry and White Coral, we’re able to eliminate the guesswork, opacity and many of the hidden costs. This isn’t just streamlining a process; we’re setting a new standard for the industry.”

Mihael Mladenov, COO at RiskCherry, said: “We’re really excited to work alongside BetComply and White Coral on this game-changing service. It brings together three of the most forward-thinking companies in their respective fields, and provides a one-stop-shop for games suppliers.”

Steven Matsell, Managing Partner and Founder at White Coral, said: “White Coral has always been focused on cutting through legal complexity, and alongside BetComply and RiskCherry, we’re now able to offer our services in a way that further simplifies the process for suppliers. This is a major win for any business wanting to complete agreements faster and more cost effectively.”

The post BetComply, RiskCherry and White Coral team up to offer go-to-market service appeared first on European Gaming Industry News.

Compliance Updates

ITIA Bans Two Players for Corruption Linked to Belgian Syndicate

Published

1 day ago

May 14, 2024

Niji Narayan

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The International Tennis Integrity Agency (ITIA) has banned two tennis players for corruption linked to a syndicate in Belgium.

The ITIA has issued Alejandro Mendoza Crespo with the maximum penalty of a lifetime ban from tennis for 20 offences. Meanwhile, Jorge Panta Herreros has been suspended for three years for four infringements.

The sanctions were handed down by independent anti-corruption hearing officer Professor Richard McLaren. This came after a formal hearing in early March, with the suspensions effective from 4 April onwards.

Mendoza and Panta were also issued with fines of $250,000 (£199,619/€231,942) and $10,000 respectively. The pair will be banned from playing, coaching or attending any event sanctioned by ITIA members, including the ATP and WTA.

The ITIA is an independent body established by its tennis members to promote, encourage, enhance and safeguard the integrity of professional tennis worldwide.

The post ITIA Bans Two Players for Corruption Linked to Belgian Syndicate appeared first on European Gaming Industry News.

Christine A. Dorchak

Greyhound Advocates Applaud Gov. Ned Lamont for Signing Bill to Outlaw Dog Racing

Published

2 days ago

May 13, 2024

GamingAmericas.com

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The largest greyhound protection group in the world thanked Connecticut Governor Ned Lamont for signing a bill to outlaw greyhound racing, calling the new law a victory for everyone who cares about dogs.

“The end of dog racing in Connecticut has finally come because of the hard work of dedicated lawmakers on both sides of the aisle. Greyhound advocates everywhere applaud Governor Lamont’s enthusiastic stand against this cruel industry. Connecticut now joins 42 other states that have already rejected this outdated and inhumane form of gambling,” said GREY2K USA President and General Counsel Christine A. Dorchak.

Greyhound racing is now illegal in 43 states, and only continues to exist at two tracks in West Virginia. After dog racing gradually declined for decades, Florida voters outlawed the activity in 2018 by a vote of 69% to 31%, closing twelve operational racetracks. A bill to prohibit gambling on greyhound racing nationwide was introduced in the 117th Congress and earned the support of 105 cosponsors and more than 250 humane groups, anti-gambling organizations, and local animal shelters.

All mainstream animal protection groups oppose greyhound racing due to animal welfare concerns. At the last two remaining dog tracks in West Virginia, state records indicate that 666 greyhounds were injured in 2022 including 218 dogs that suffered broken bones and five greyhounds that died. Thousands of dogs also endure lives of confinement at West Virginia tracks, kept in cages barely large enough for them to stand up or turn around for long hours each day.