Compliance Updates
Red Rake Gaming awarded its Greek License
																								
												
												
											
Premium casino content developer Red Rake Gaming is delighted to announce its latest regulated market entry into Greece.
Greece has always been a very strong market for Red Rake Gaming, working with numerous market leaders driven by the high demand from players in the marketplace. The license solidifies Red Rake Gaming’s commitment towards Greek operators and players.
Red Rake Gaming has been granted a license to supply its content to operators by the Hellenic Gaming Commission (HGC). The A2 Greek license will enable Red Rake Gaming to continue offering their content to Greek licensed operators and continue to expand with more operators in the marketplace.
A wide selection of Red Rake’s top performing games will be made available to Greek licensed operators, including its record-breaking Super Series of games made up of Super 12 Stars, Super 15 Stars and the latest release in the series, Super 20 Stars – the non-stop, action-packed slot which combines feature games and bonus rounds from all its predecessors whilst adding another dimension to an already proven high performing game genre. Additional popular titles from Red Rake’s diverse portfolio includes Alchemy Ways – giving players a million ways to win, Max Dangerous and the Lost Relics, Tommy Gun’s Vendetta and Flamingo Paradise. All of which continue to be top performing titles across Red Rake Gaming’s network.
Red Rake Gaming will continue to build the portfolio of games for the market adopting a localized approach with Greek players firmly in mind throughout the development process.
Continuous delivery and expansion into regulated markets is at the heart of Red Rake Gaming’s growth strategy. Their latest market entry represents yet another opportunity for the company to further its reach in Greece and follows on from numerous new market entries.
Nick Barr, MD at Red Rake Gaming Malta commented: “Greece has always been a very strong market for our content, demonstrated through our extensive client portfolio in the market. Our regulated market reach continues to grow continuously with more exciting markets lined up for Q4 2021 and Q1 2022. We are looking forward to continuing our strong performance in the marketplace and delivering the best content for the Greek players.
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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.
Compliance Updates
Romania Bans Polymarket Over Illegal Cryptocurrency Betting Activities
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Romania’s National Office for Gambling (ONJN) has officially blacklisted Polymarket, a prominent prediction market that allows users to bet on future events, citing its operation as an unlicensed gambling platform. The decision comes amid heightened concerns over crypto-based betting during recent election cycles, where Polymarket reportedly saw trading volumes surpassing $600 million.
ONJN asserts that Polymarket’s “counterpart betting” model – where users wager against each other on future outcomes – falls squarely within the scope of Romanian gambling regulations. The regulator clarified that regardless of whether bets are placed using fiat currency or cryptocurrencies, they are legal gambling activities that require appropriate licensing. ONJN President Vlad-Cristian Soare emphasised that the issue is about compliance with the law, not technology, stating, “It’s about the law, not the platform’s blockchain foundation.”
Although Polymarket promotes itself as an “event trading” platform, ONJN concluded that its operational structure – where users place bets on the outcomes of unpredictable events and the platform earns commissions – meets the legal criteria of gambling. Consequently, Romanian internet providers are now mandated to block access to the platform.
The post Romania Bans Polymarket Over Illegal Cryptocurrency Betting Activities appeared first on European Gaming Industry News.
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