Compliance Updates
Esports Entertainment Group Receives Malta Gaming License
Esports Entertainment Group, Inc., a licensed online gambling company with a focus on esports wagering and 18+ gaming, received its Gaming Service License (“License”) for online pool betting from the Malta Gaming Authority (“MGA”). The License, issued April 30, 2020, is effective for a 10-year term and may be renewed by MGA for further 10-year periods subject to regulatory provisions.
IMPORTANCE OF MALTA GAMING LICENSE
The country of Malta was one of the first countries in Europe to allow and regulate online gambling after first giving out a license in the year 2000. License holders benefit from onshore status in Europe, as well as, advertising across the EU.
In addition, Malta’s globally recognized and powerful regulatory system for iGaming provides our players and partners with the highest levels of trust and confidence in knowing they are dealing with an onshore jurisdiction, whose legislation is in line with applicable EU legislation and international agreements.
“Receiving our Malta gaming license is another major milestone achievement for Esports Entertainment,” commented Grant Johnson, CEO of Esports Entertainment Group. “Fresh off our announcement of a Binding LOI to acquire Argyll Entertainment last week, we are now in the early stages of executing an aggressive growth plan that contemplates both organic and acquisition growth strategies throughout 2020. This Malta License will be an important part of our growth plan.”
ABOUT ESPORTS ENTERTAINMENT GROUP:
Esports Entertainment Group, Inc. is a licensed online gambling company with a specific focus on esports wagering and 18+ gaming. Esports Entertainment offers fantasy, pools, fixed odds and exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience at vie.gg. In addition, Esports Entertainment intends to offer users from around the world the ability to participate in multi-player mobile and PC video game tournaments for cash prizes. Esports Entertainment is led by a team of industry professionals and technical experts from the online gambling and the video game industries, and esports. The Company holds a license to conduct online gambling and 18+ gaming on a global basis in Curacao, Kingdom of the Netherlands. The Company maintains offices in Malta. For more information visit www.esportsentertainmentgroup.com
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Compliance Updates
UKGC: Three Arrested on Suspicion of Cheating Offences
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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
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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.
Transportâs 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 Transportâs 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 â investing in research, treatment, services and reform.
Minister for Transport Jo Haylen said: âGambling advertising has been a common sight on our public transport for a couple of years now, and Iâm 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.
âWith over 3500 buses, close to 800 advertising assets at train stations, as well as advertising on light rail and trains, Transportâs 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.â
Minister for Gaming and Racing David Harris said: âRemoving gambling advertising from public transport is another demonstration of the Minns Labor Governmentâs commitment to reducing gambling harm in NSW.
âThis move will reduce the publicâs 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.â
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
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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 companyâs 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 Spainâs 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 companyâs 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: âSecuring 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.â
The post Soft2Bet Secures General Licence for Other Games in Spain appeared first on European Gaming Industry News.
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