Connect with us
Prague Gaming & TECH Summit 2025

Compliance Updates

Regulator-Issued Sanctions to Gambling companies in Q1 2021 Exceed First Half Total of 2020

Published

on

Reading Time: < 1 minute

 

A New report from gambling compliance tracker website GamblingIndustryfines.com has tracked over £24m / $33m in gaming operator fines for the first quarter of the year.

The report shows that European and UK gambling regulators Issued more fines to gambling companies in the first quarter of 2021 than they levied in the first half of 2020

Between them, the UK Gambling Commission (UKGC), Swedish Gambling Authority (Spelinspektionen) and the Netherlands’ Kansspelautoriteit issued sanctions to thirteen online and land-based gambling operators in Q1 of 2021 – which included financial penalties and warnings.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The largest financial sanctions so far in 2021 came in March when the UKGC fined online casino firm Casumo £6,000,000 ($8.2M) for breaching anti-money laundering rules and failing to ensure that players were gambling responsibly.

Gambling companies hit by regulatory settlements included White Hat Gaming, Virtual Coin Gaming, Hajper Ltd, ComeOn Sweden, Casinostugan, Hillside Sports, Clockfair, Shaftesbury Casino, Les Croupiers Casino, Double Diamond Gaming.

Key failings by gambling companies fined in 2021 included:

  • Anti money-laundering failings
  • Social responsibility failing
  • For Offering Odds on a Match Featuring Underage Players
  • Offering bonuses in breach of local gaming laws
  • Failure to prevent Overspending & placing limits on accounts
  • Operating unlicensed domains
  • failing in identifying customers at risk of gambling related harm
  • Not having appropriate Anti-Money Laundering (AML) measures.

The increase in fines & gambling-industry regulations worldwide by governments and regulators could make 2021 a record-breaking year for compliance-related gambling industry fines.

To view detailed information for all fines issued to gambling companies in Q1 2020, see the full Q1 2021 report at Gamblingindustryfines.com.

Powered by WPeMatico

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading
Advertisement

Brazilian iGaming market

Zitro Digital Announces its Entry into Brazilian iGaming Market

Published

on

zitro-digital-announces-its-entry-into-brazilian-igaming-market

 

Zitro Digital has announced its entry into the newly regulated Brazilian iGaming market. With deep roots in Brazil, Zitro Digital is to bring its portfolio of in-house content to local players, marking a new chapter in the company’s long-standing connection with the country.

Brazilian players can now enjoy a selection of Zitro Digital’s slots, including the popular series Fu Frog, as the company introduces its offerings to operators within the country. The move comes as part of Brazil’s ongoing efforts to create a regulated and secure online gaming environment for players, offering a responsible platform for gaming activities.

“Brazil is one of the most promising regulated markets in the world, and we are proud to be part of this exciting development. The potential here is immense, and we are committed to offering a diverse range of high-quality, localized content to meet the tastes and preferences of Brazilian online players. Our focus is on adapting our games to the local context, ensuring we respect cultural preferences while contributing to the responsible growth of the sector. This launch marks a significant step in our Latin American expansion and reinforces our commitment to delivering innovative, engaging experiences to players in regulated global markets,” Jose Javier Martí, COO of Zitro Digital, said.

The post Zitro Digital Announces its Entry into Brazilian iGaming Market appeared first on Gaming and Gambling Industry in the Americas.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Compliance Updates

UKGC Announces Changes Aimed at Increasing Consumer Control Over Deposit Limits

Published

on

ukgc-announces-changes-aimed-at-increasing-consumer-control-over-deposit-limits
Reading Time: 2 minutes

 

The UK Gambling Commission (UKGC) has announced changes aimed at increasing consumer control over deposit limits and greater transparency of customer funds protection by operators.

A further change to the Commission’s Licence Conditions and Codes of Practice (LCCP) will also pave the way for implementation of Government’s upcoming statutory levy.

The changes follow a consultation and are consistent with the 2023 White Paper High stakes: gambling reform for the digital age.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

New rules will give consumers more effective ways to manage their gambling by making it easier to set and maintain deposit limits on their online accounts, in ways that work best for them.

From 31 October 2025 all gambling businesses must prompt their customers to set a financial limit before they make their first deposit and make it easy to review and alter this limit at any point after.

These rules will take good practice already offered by some operators and expand that so customers can expect the same standards across the industry.

Gambling businesses will also be required to remind consumers every six months to review their account and transaction information – this will help consumers consider if they want to change existing, or set new, deposit limits.

Operators who hold customer funds must set out in the terms and conditions whether these are protected in the event of insolvency, the level of such protection and the method by which this is achieved. They must also make this information available at the point at which a customer first deposits money.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The Commission’s LCCP currently requires operators to make annual financial contributions to a list of research, prevention and treatment organisations. This requirement will be removed close to the introduction of the government’s statutory levy (opens in new tab) (expected to come into force on 6 April 2025) as it will become obsolete.

“These changes illustrate our commitment to ensuring gambling is fair and open by improving consumer empowerment and choice. These changes will help consumers decide on deposit limits, enable them to keep track of their spending and ensure they are fully aware of what happens to their funds should an operator become insolvent. We will now continue our work to deliver our remaining White Paper commitments, including our programme of evaluation,” Tim Miller, Commission Executive Director for research and policy, said.

The post UKGC Announces Changes Aimed at Increasing Consumer Control Over Deposit Limits appeared first on European Gaming Industry News.

Continue Reading

Brazil

Delasport Launches First Partnership in Brazil

Published

on

delasport-launches-first-partnership-in-brazil

 

Delasport, a global leader in sportsbook and iGaming solutions, launched its first official partnership in Brazil. With this key step, Delasport is expanding its global presence and advancing the Brazilian sports betting landscape with its highly innovative technology and comprehensive player engagement tools.

Following the recent regulatory advancements in Brazil’s gaming sector, Delasport has successfully obtained the necessary certifications to operate in the country. The company’s entry into this high-potential market aligns with its global strategy to provide world-class betting experiences in regulated markets worldwide.

“Brazil represents a key milestone in our global expansion strategy, and we are happy to launch with the first partner and another one on the way, this time with our full solution,” said Unai Concha, Senior Business Director at Delasport. “We are thrilled to bring our premium sportsbook and iGaming solutions to Brazilian operators, empowering them with the best technology available in the industry today.”

Delasport’s offerings in Brazil include:

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
  • A fully managed localized sportsbook platform that is full of innovative features tuned to elevate players’ betting experience
  • AI-driven personalization and engagement tools to optimize player retention
  • Advanced risk management and fraud prevention solutions

Brazil’s regulated sports betting market is expected to experience rapid growth, and Delasport is committed to ensuring a seamless and responsible betting experience for operators and players alike. By leveraging its expertise and innovative solutions, the award-winning B2B supplier aims to play a pivotal role in shaping the future of online gaming in Brazil.

The post Delasport Launches First Partnership in Brazil appeared first on Gaming and Gambling Industry in the Americas.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania