Compliance Updates
FBM Digital Systems gets the Malta Gaming Authority license
FBM gets a new boost for its online gaming ambitions. It obtained the MGA – Malta Gaming Authority license through FBM Digital Systems. This means that FBM DS brand has now possibilities of spreading its diverse portfolio of online games through a bigger range of regulated markets.
The online journey of FBM began a few years ago, after facing a lot of requirements from land-based clients asking the same kind of solutions for the digital environment. Since then, FBM has been working on its portfolio, which started only with video bingo titles and rapidly expanded to other game types, such as slots, table games and video poker.
The next step was obvious, so FBM decided to affirm its investment in the online segment with the creation of a dedicated brand. That´s how FBM DS was born. FBM transferred all the know-how, credibility and network created in the land-based market to this new segment and approached the first clients.
Now, at the beginning of 2021, FBM Digital Systems completes an essential challenge to grow its influence in the digital casino landscape, by obtaining the Malta Gaming Authority license. Rui Francisco, FBM´s founder, explains the relevance of this step: “This is the final chapter of a long-term and collaborative process. The approval of MGA is a credibility stamp that gives FBM Digital Systems the necessary push to unleash its expansion process. Nowadays, the brand has games in a significant number of online casinos, but our goal is to make FBM DS games available in more than 100 casinos until the end of this year”, affirms Rui Francisco.
The Malta Gaming Authority license allows FBM Digital Systems to access a greater sample of regulated markets with one more stamp that confirms the quality and reliability of its titles. Remember that FBM DS has now a vast portfolio of casino games for the digital segment. In this offer, you can count video bingos, slots, video poker and table games.
The FBM path in the gaming industry started in 2001, and since then the brand established its footprint by developing innovative and high-quality gaming solutions. After conquering the leadership of the video bingo market, FBM focused its expansion campaign to Europe and North America and expanded its portfolio of land-based titles. With the creation of FBM DS and this MGA certificate, the brand gets a new push to create a strong online presence.
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AB Svenska Spel
Spelinspektionen Launches Supervision of AB Svenska Spel’s Gaming Venues
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The Swedish Gambling Authority has launched supervision of AB Svenska Spel’s gaming venues. The supervision covers turnover and the placement of slot machines.
This is the latest step in Spelinspektionen’s push to keep Sweden’s gambling sector in check and make sure companies meet the standards laid out in the Swedish Gambling Act.
When the review is complete, Spelinspektionen will publish the results.
The post Spelinspektionen Launches Supervision of AB Svenska Spel’s Gaming Venues appeared first on European Gaming Industry News.
Compliance Updates
Turkish Football Federation Suspends 149 Referees and Assistants After Betting Probe
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The Turkish Football Federation (TFF) has suspended 149 referees and assistant referees after an investigation found hundreds of professional match officials in the country had betting accounts.
Bans ranging from eight to 12 months, based on the severity of the act, have been imposed for involvement in betting activity, with investigations into three other officials still ongoing.
The full list of the penalised officials was published on the TFF website.
Last week, it was revealed a five-year probe had found 371 of 571 match officials have betting accounts, with 152 of those actively gambling.
While some had only bet once, 42 had bet on more than 1000 football matches – with one official found to have placed 18,227 bets.
Like players and coaches, match officials are forbidden from participating in betting activities by TFF disciplinary regulations, as well as those of world governing body Fifa and European governing body Uefa.
“There is a moral crisis in Turkish football. There is no such thing as structure. The fundamental problem at the core of Turkish football is an ethical one,” TFF president Ibrahim Haciosmanoglu said.
“Ask any referee, if there is even one who has not received his pay, I will resign as federation president. In fact, we improved their salaries last year, and again this year.”
No further details of the cases or ongoing investigations were provided.
After the investigation’s findings were announced, a number of Turkey’s top clubs responded.
Besiktas said it “could mark a new beginning for clean football” while Trabzonspor called the development “an historic opportunity to rebuild justice in Turkish football”.
Fenerbahce president Sadettin Saran said: “This is both shocking and deeply saddening for Turkish football.
“But the fact that it is coming to light is a hopeful development.”
The post Turkish Football Federation Suspends 149 Referees and Assistants After Betting Probe appeared first on European Gaming Industry News.
Compliance Updates
UKGC Suspends Operating Licence of VGC Leeds Limited
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The UK Gambling Commission has suspended the operating licence of VGC Leeds Limited as it carries out a review under section 116 of the Gambling Act 2005.
The review and consequent suspension follow concerns that activities may have been carried out contrary to the Act, not in accordance with conditions of their licence and that the Licensee may be unsuitable to carry on the licensed activities.
During a recent Compliance Assessment, VGC Leeds Limited are reasonably believed to have failed to maintain and implement effective anti-money laundering policies, procedures and controls, as required under the conditions of their licence.
In addition, serious concerns were identified regarding the adequacy of decision-making processes and the Licensee’s response to identified anti-money laundering and counter-terrorist financing risks, raising questions about the overall effectiveness of its governance and risk management arrangements.
These failings are considered significant and represent a serious threat to the licensing objectives, in particular keeping crime out of gambling.
“We have made it clear to the operator that during the suspension, we expect it to focus on treating consumers fairly and keeping them fully informed of any developments which impact them,” UKGC said.
The suspension takes place immediately.
The post UKGC Suspends Operating Licence of VGC Leeds Limited appeared first on European Gaming Industry News.
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