Compliance Updates
German sports-betting licences for GVC Holdings
GVC Holdings PLC, the global sports-betting and gaming Group, is pleased to announce that it has been awarded four sports-betting licences in Germany.
On 9 October the German regulator issued licences for the bwin, SportingBet, Ladbrokes and Gamebookers brands to enable each of them to offer sports-betting products to customers across Germany. This is a significant milestone for GVC coming swiftly after the Tolerance Policy for gaming that was announced on 1 October 2020 and brings further clarity and certainty in Germany.
An outline of the licence terms are:
- Wagering limit of €1,000 euros per month that can be increased to €10,000 subject to certain criteria being met as well as certain loss limits
- The ability to increase this further to €30,000 for 1 per cent of customers subject to enhanced due diligence and certain loss limits
- Deposit limits until customer verification processes are complete
- Maximum annual bonus per customer of €100
- The inclusion of certain responsibility requirements by the licence holder
The licences have been issued with immediate effect. However, the timing for implementation of the terms attached to the licences are yet to be formally agreed and GVC is working with the regulator on an implementation plan with terms expected to be in place in the early part of 2021. The granting of the licences to GVC’s four sports brands in Germany is in-line with GVC’s strategic ambition of operating in regulated markets and will enable it to build on its leading position in the German market. Following implementation, GVC estimates that Group EBITDA will be reduced by up to £40m1 on an annualised basis.
Shay Segev, CEO of GVC commented: “The award of these licences is great news for GVC, bringing the clarity and certainty that we have long sought for sports-betting in Germany. Combined with the recent Tolerance Policy we can now look confidently to the future, building on our position as a market leader by delivering an unparalleled, innovative experience for our German customers. The much-anticipated regulation of online gaming in Germany re-enforces GVC’s position as the most globally regulated and responsible operator in our industry.”
Powered by WPeMatico
Compliance Updates
Stakelogic Secures License to the newly regulated Danish market
Industry-leading provider secures license to provide slots and live content in Denmark
Award-winning casino content provider Stakelogic has obtained a license from the Danish Gambling Authority, Spillemyndigheden, to provide its gaming content in Denmark.
The license will allow Stakelogic to bring its premium portfolio of online casino slots and live dealer content to the Danish market, including recent releases like Fire and Gold Cluster Breaker, Super Wheel Game Show, Trident of Legends, and The Watcher.
Stakelogic is able to partner up with leading Danish operators, establishing itself as a must-have provider in the country. The move further highlights Stakelogic’s commitment to strengthening its position in the European market and exploring new and exciting regulated markets.
The license also further cements the company’s presence in the Scandinavian markets, having secured a license from the Swedish authority, Spelinspektionen, in 2023 and establishing itself as a popular provider among Swedish players.
Denmark is one of Europe’s fastest-growing markets, with a strong focus on customer care and responsible gambling. Stakelogic is proud to have met all the requirements needed to obtain the license, highlighting its commitment to providing players with the best and safest gaming experiences.
Stephan van den Oetelaar, CEO at Stakelogic, said: “Denmark is one of the fastest growing markets in Europe, and we are proud to have achieved a license to the newly regulated market.
We are grateful to Spillemyndigheden for their support in us and we are excited to take our next steps into the market.”
The post Stakelogic Secures License to the newly regulated Danish market appeared first on European Gaming Industry News.
Compliance Updates
UKGC Appoints Charles Counsell OBE as Interim Chair
Charles Counsell OBE has been appointed as Interim Chair of the UK Gambling Commission (UKGC) for a nine month term which will commence on 1 February 2025.
Charles was Chief Executive Officer of The Pensions Regulator from April 2019 to March 2023. Prior to this he was CEO of the Money Advice Service, and Executive Director of Automatic Enrolment at The Pensions Regulator.
As CEO of The Pensions Regulator, Charles developed the new corporate strategy to put the pension saver at the heart of the Regulator. He delivered their first Equality, Diversity and Inclusion Strategy and Climate Change strategies – both focused on driving change in the regulator and across the Pensions Sector.
Throughout his career, his roles have focused on setting up and delivering large change programmes requiring significant stakeholder relationship engagement: initially in the private sector and latterly in senior public sector appointments.
The post UKGC Appoints Charles Counsell OBE as Interim Chair appeared first on European Gaming Industry News.
Compliance Updates
SYNOT Games Secures Danish License
SYNOT Games has obtained a B2B online slot games supplier license in Denmark, authorising the company to supply its gaming content within Denmark’s regulated market. This B2B license, issued by the Danish Gambling Authority (Spillemyndigheden), becomes effective on January 1, 2025, aligning with new regulatory requirements mandating that all game suppliers hold such a license from that date forward.
This development enables SYNOT Games to offer its portfolio of slot games to Danish operators, reinforcing its commitment to compliance and responsible gaming practices.
“Obtaining the B2B license from the Danish Gambling Authority marks a significant milestone for us in the Danish market. This license not only aligns with new regulatory requirements but also reinforces our commitment to adhering to the highest industry standards. We are thrilled to continue offering Danish players the immersive gaming experience our portfolio provides,” said Martina Krajčí, CCO of SYNOT Games.
The post SYNOT Games Secures Danish License appeared first on European Gaming Industry News.
-
Asia5 days ago
Government support, medals, and global recognition define a landmark year for Indian esports and video gaming in 2024
-
AGCO5 days ago
Jackpot Digital Receives Approval from AGCO as a Registered Gaming Supplier
-
Australia5 days ago
Regulating the Game 2025 adds masterclass on safer gambling training and customer care
-
Australia3 days ago
AUSTRAC Takes Ladbrokes and Neds’ Operator – Entain – to Federal Court Over Serious Non-compliance with Australia’s Money Laundering Laws
-
Balkans5 days ago
EGT is a “True Leader” again, according to ICAP CRIF
-
Balkans5 days ago
Spinomenal strikes partnership with Admiral Croatia
-
Africa4 days ago
Altenar obtains National Manufacturer licence in South Africa
-
Australia4 days ago
Christine Howlett Appointed as New Commissioner of NSW Independent Casino Commission