Compliance Updates

IAGR AND IGSA ANNOUNCE COLLABORATION FOR EFFECTIVE AND EFFICIENT GAMING REGULATION

Published

4 years ago

October 26, 2020

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In a first for both organisations, the International Association of Gaming Regulators (IAGR) and the International Gaming Standards Association (IGSA) are pleased to announce a collaboration aimed at maximising opportunities for effective and efficient gaming regulation.

In announcing the initiative IAGR President Mr Mabutho Zwane said, “As regulators, we recognise that dialogue with industry is fundamental to both understand the sector and make informed decisions which can advance efficient and effective gambling regulation.”

“This is particularly important at this time where there is opportunity to leverage technology to drive innovation in regulatory practice.”

IGSA President Mr Peter DeRaedt said on announcing the initiative, “IGSA is the single technology standards setting organization in the gaming industry. We strongly believe that collective dialogue with regulatory authorities on an international level is crucial to enhance regulatory oversight while driving efficiencies for operators and suppliers. Our collaboration with IAGR is an enormous step forward towards the betterment of the gaming industry as a whole.Our organisation is very excited about the opportunities this new collaboration presents.”

The initiative will focus on two key priorities over the coming year:

Discussion and information exchange concerning known and emerging issues impacting regulatory policy and practice;
Identifying opportunities to leverage standards and technology to advance efficient and effective gaming regulation;

As leading voices within the global gaming industry IAGR and IGSA look forward to the outcomes of this collaboration over the next 12 months and building on this initiative over time.

Compliance Updates

ITIA Bans Two Players for Corruption Linked to Belgian Syndicate

Published

44 mins ago

May 14, 2024

Niji Narayan

itia-bans-two-players-for-corruption-linked-to-belgian-syndicate

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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

24 hours 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.

Compliance Updates

Altenar celebrates Greek licence in landmark moment for business

Published

4 days ago

May 10, 2024

George Miller

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Leading sportsbook goes live with full multi-product offering across key market

Altenar, a leading sportsbook and iGaming software provider, has obtained a B2B licence in Greece, expanding its outreach across another established European territory.

The company, which already has an office in Athens, has secured a licence from the Hellenic Gaming Commission, boosting Altenar’s presence in the country and adding a Greek licence to its already comprehensive portfolio.

Altenar’s expertise reaches more than 50 countries where gambling is legalised and the Greek licence, which is valid for seven years, paves the way for the company to offer its services in a new jurisdiction.

Since the introduction of the new regulatory framework, online betting in Greece has emerged as a success story, with the country undergoing robust growth, as market data shows tax revenues expected to reach €540,000,000 this year and the creation of numerous job opportunities.

Marina Zacharopoulou, Compliance Manager at Altenar, said: “The process of obtaining a licence for Altenar was rigorous, albeit familiar due to our experience with similar procedures in other jurisdictions. While we encountered typical challenges along the way, we navigated them smoothly.

“Achieving a Greek licence holds special significance for Altenar, as a considerable portion of our team is Greek, making it feel like a homecoming. Personally, I believe that Greece’s historical connection to games of chance, evident in the popularity of gambling in ancient times and the presence of deities like Tyche, adds cultural resonance to our licensure.

“Securing our presence in Greece through licensure not only demonstrates our commitment to regulatory compliance but also positions us to capitalise on the country’s expanding market.”

The post Altenar celebrates Greek licence in landmark moment for business appeared first on European Gaming Industry News.