Compliance Updates
Maxima Compliance launches new services, including industry-first Maxima Insource
Compliance provider Maxima Compliance has launched a bespoke insourcing service as it continues to expand and tailor the way it supports clients across the gaming industry.
Maxima Insource is a first-of-its-kind compliance insourcing service, with Maxima Compliance providing a dedicated team member to work within a client’s business.
The team member will be available to work daily within a client’s business, while maintaining the support of the best compliance team in the industry, providing a best-of-both-worlds solution.
The Maxima Insource resource will handle all compliance-related matters for the client, while retaining an open line to the rest of the Maxima Compliance team.
This flexible new solution provides dedicated support without the need to expand payroll.
Maxima Compliance has also launched a full outsourcing service for internal audits for Malta-licensed gaming companies. The service tracks progress and produces a full report to the specifications required by the MGA.
Maxima Compliance CEO Antonio Zanghi said: “Maxima Insource is the result of countless conversations with leaders across our industry. Many businesses in this space are struggling to identify and hire the type of expertise required to navigate compliance challenges.
“Maxima Insource provides an out-of-the-box solution for world-class compliance support without the need to build and manage large and expensive in-house teams. We provide a team member who sits within your organisation, but at that same time can easily draw upon the expertise of Maxima Compliance as a whole.
“Alongside our newly-launched outsourcing service for MGA reporting, Maxima Compliance now offers an unparalleled set of tools for tackling today’s compliance challenges.”
Maxima Compliance’s suite of products and services has expanded rapidly in recent months. This includes the recent launch of Maxima DataVault, a proprietary multi-jurisdictional solution, through which operators will be able to comply with the requirements of several European regulated markets.
Powered by WPeMatico
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.
-
EurAsia5 days ago
Evoplay expands footprint in Georgia with Europebet partnership
-
Balkans5 days ago
SOFTSWISS Expands to Bulgaria: European Growth Through Partnership
-
Christine A. Dorchak5 days ago
Greyhound Advocates Applaud Gov. Ned Lamont for Signing Bill to Outlaw Dog Racing
-
Latest News4 days ago
NIFL Strikes Exclusive Data & Streaming Deal With FeedConstruct
-
Aposta Ganha4 days ago
Aposta Ganha strengthens LatAm sports betting market integrity with IBIA membership
-
Eastern Europe4 days ago
TotalBet Joins Forces with Fast Track to Boost Player Engagement
-
Latest News5 days ago
ELA Games Announces New Slot Game – Big Wave Delight
-
Compliance Updates4 days ago
ITIA Bans Two Players for Corruption Linked to Belgian Syndicate