Compliance Updates
Fifth VIXIO Global Regulatory Awards nominations open today
Industry’s only awards dedicated to regulatory and compliance excellence back for in-person showpiece London event with new categories and judges
Nominations for the fifth annual VIXIO Global Regulatory Awards are open from today, with the industry’s most important event recognising excellence in regulation, responsible gambling and compliance back for a gala in-person event on 21st October.
Following last year’s virtual event due to the global pandemic, organisers VIXIO GamblingCompliance are delighted the event is returning to its home of the De Vere Grand Connaught Rooms in London.
There are 20 awards in total with the addition of four new categories, Outstanding Contribution to Safer Gambling, Outstanding Contribution to Sports Betting Integrity, Responsible Gambling Service or Solution Provider of the Year, and Safer Gambling Campaign of the Year.
Three new judges have also been added to a star-studded panel including Richard Flint, former CEO of SkyBet and current board member at Flutter, Jon Duffy, Director of Corporate Assurance and Regulatory Affairs at Genting Casinos UK, and Khalid Ali, CEO, International Betting Integrity Association (IBIA).
Mike Woolfrey, CEO VIXIO, said: “This year’s awards come at a time when the industry is under the regulatory spotlight more than ever with the Covid-19 outbreak seeing digital growth explode, player protection at the forefront of the news agenda, and multiple markets either opening their doors to online activity or making sweeping regulatory changes that will impact our industry for years to come.
“This has meant that compliance professionals have been working harder than ever to deliver safe and responsible products to safeguard global consumers with many teams and individuals successfully leading their organisations through unprecedented times.
“Our awards recognise the incredible contribution compliance professionals make to our industry’s reputation as one of the most innovative, dynamic and, above all, highly regulated in the world. We are expecting to receive some stellar entries in the coming weeks with the standard getting higher every year, and we can’t wait to celebrate with everyone in October.”
Entries for the awards open today 17th May and close on 30th July. The shortlist of finalists will be announced on 1st September with the gala black-tie ceremony on 21st October in partnership with charity sponsor Young Gamers and Gamblers Education Trust (YGAM).
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Compliance Updates
Playnetic strengthens European presence with licence to operate in Sweden
Playnetic, the new immersive B2B iGaming provider has announced that it has been granted a Swedish licence, following regulatory approval from the Swedish Gambling Authority, Spelinspektionen.
The licence allows Playnetic to launch its catalogue of innovative iGaming titles in Sweden, enabling the company to finalise partnerships with prominent operators across the country.
This significant milestone marks a major step forward in supporting Playnetic’s ambitious growth plans, which include increasing its foothold in other European markets, as well as continued expansion in regulated markets across the globe.
Dan Phillips, Playnetic CEO said: “Since launching in early 2023, Playnetic has been exploring expansion opportunities in Europe to penetrate new markets and we are thrilled with achieving this milestone.
“Thanks to our experienced compliance team, we were able to obtain this licence promptly, which is a huge positive as the market entry lines up perfectly with our regulatory roadmap for 2024. We are looking forward to launching our innovative suite of games which feature captivating themes and mechanics to players and operators in Sweden.”
The post Playnetic strengthens European presence with licence to operate in Sweden appeared first on European Gaming Industry News.
Balkans
Bulgarian President Approves Gambling Law Amendments
Bulgarian President Rumen Radev has decided not to veto the proposed amendments to the Gambling Law, which include a prohibition on gambling advertisements in the media.
Previously, President Radev had indicated that he was deliberating on the changes to the Gambling Law and was awaiting input from his advisors before making a final decision.
The prohibition on gambling advertisements in the media was approved by a significant majority of deputies during the final session of the 49th National Assembly. Despite objections raised by various media outlets, gambling operators, sports clubs, and other businesses between the readings, the amendments were endorsed. Some stakeholders argued against the ban, suggesting that public discussion should precede its adoption.
The initiative for the amendments originated from GERB and DPS, and it was introduced unexpectedly during the last days of the 49th National Assembly by Yordan Tsonev (DPS) and Temenuzka Petkova (GERB). The bill swiftly progressed through the legislative process, passing its first reading in the budget committee and subsequently receiving approval in the plenary session. An extraordinary meeting of the Committee on Budget and Finance was convened to facilitate the voting on the amendments before the deputies commenced their pre-election recess.
The post Bulgarian President Approves Gambling Law Amendments appeared first on European Gaming Industry News.
Asia
Thailand Considers Limiting Gambling Areas to 5% of Total Project Space
The Thai government is exploring the possibility of restricting gambling areas within entertainment complexes to no more than 5% of the total project space. This proposal was revealed by Deputy Finance Minister Julapun Amornvivat, who also chairs the House committee responsible for evaluating the potential establishment of casino resorts in the country.
Amornvivat noted that the allocation of space for gaming activities within these entertainment complexes would be determined based on input from various governmental entities involved in a project.
Last month, Thailand’s cabinet approved a report from the National Assembly committee that examined the feasibility of introducing casino resorts in the country. The Ministry of Finance was tasked with conducting a 30-day study to assess the viability of implementing such a policy.
Each proposed venue would require a minimum investment of THB100 billion ($2.75 billion), according to the committee report. Amornvivat recently requested a two-week extension for the study period to further evaluate the matter in collaboration with 16 other government agencies.
The special House committee’s study focused on three main areas. First, it examined the potential impacts of introducing entertainment complexes with casinos on various aspects of Thai society, including economics, politics, social dynamics and the environment.
Second, the committee analysed the business framework of integrated entertainment venues, exploring revenue generation mechanisms such as taxes, fees and licensing structures. It recommended the implementation of specific casino taxes and the establishment of a fund aimed at addressing the negative effects of gambling activities.
Last, the report highlighted the importance of conducting a comprehensive review of the legal framework governing entertainment venues and gambling laws in Thailand. This effort aims to update existing legislation or develop new laws that align with the evolving societal landscape.
The post Thailand Considers Limiting Gambling Areas to 5% of Total Project Space appeared first on European Gaming Industry News.
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