Compliance Updates
Spearhead Studios secures Dutch certification
Gaming developer Spearhead Studios will enter the Dutch market after being granted local certification for its proprietary casino content and RGS platform.
Estimated to reach EUR 1.1 billion in 2024 by the Dutch Gambling Authority (KSA), the Netherlands is set to become a lucrative online gambling market in the regulated European space.
As one of the fastest-growing gaming suppliers in the industry, Spearhead Studios is releasing an average of eight titles per month. Alongside their popular games, such as Wild Gold and Lara Jones is Cleopatra 2, the gaming studio is currently preparing to release its newest branded game, John Daly – Spin It And Win It, a slot dedicated to the golfer’s successful career, on the 3rd of February.
Besides its own proprietary content, the company is the exclusive distributor of several other developers, including Armadillo Studios, Funfair Games, JVL, and Lady Luck Games.
Mathias Larsson, Managing Director of Spearhead Studios, says: “Spearhead Studios and our partners are always quick to enter new and profitable markets. We are currently present in 14, and we are always looking for the next opportunity to expand our reach. The Dutch market shows significant interest for our games, and we are ready to capitalize on that by getting certified in the region.”
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Gaming1, the renowned casino and sports betting partner, has once again renewed its contract with ComplianceOne Group, marking the fifth consecutive year of collaboration between the two industry leaders.
This renewal underscores the trust and confidence Gaming1 has in ComplianceOne Group’s consulting services, highlighting their commitment to excellence and reliability in the iGaming sector.
Antonio Zanghi, CEO of ComplianceOne Group, said: “Entering our fifth year of working Gaming1 confirms our vision of how best to support clients in their journey.
“It is always a pleasure to discuss projects with their team, and we are humbled by the continued trust invested in our services and people.”
Thibaut Collard, Chief Compliance Officer of Gaming1, added: “We are excited to confirm our trust in ComplianceOne Group again. Our two teams have reached an excellent level of cooperation, and we consider ComplianceOne Group a part of our extended team.
“Over the years, we have collaborated in many different areas and found ComplianceOne Group to consistently provide top-notch support while also being a pleasure to work with!”
The ongoing partnership between Gaming1 and ComplianceOne Group exemplifies the strength of collaboration and dedication to mutual success.
As both companies continue to innovate and evolve, they remain committed to delivering exceptional services and solutions to the iGaming industry.
The post Gaming1 renews contract with ComplianceOne Group for fifth consecutive year appeared first on European Gaming Industry News.
Romania has announced a ban on gambling venues in small towns and villages with populations of less than 15,000 residents.
What’s known as the “law of slot machines” was passed by deputies in the lower house of parliament. “It is the first law adopted in Parliament in 30 years against this mafia that has controlled the political world until now,” said Alfred Simonis, the leader of the Social Democrats.
“Right now we are fighting an industry that has a total turnover of €10-12 billion.”
Industry figures complain they were not consulted, and hope that the authorities will control the black market as they promised.
Despite the unanimous vote, there was some dissent within the chamber. Two opposition parties that want to ban the “scourge” of gambling outright accuse the government of collusion with the gaming sector for not taking a stronger position.
On another front Ionut Mosteanu, the leader of the opposition USR, questioned how lawmakers had set the threshold.
“They thought that slot machines only damage 15,000 people,” he said. “There was not even a debate to see how many townships qualify for this 15,000. Why not 16, 17, why not two million and you would ban them definitively?”
Gambling venues have become ubiquitous across Romania over the last few decades. The National Gaming Office, the state body that monitors and approves the sector, has registered 12,000 sports betting, bingo, casino, lottery rooms.
The state collects taxes from gambling venue licenses and online ticket sales as from the amount betting houses spend on advertising.
There are no recent data to indicate how many people in Romania are addicted to gambling. The last survey was conducted in 2016, and found that there could be around 100,000 addicted people across the country. The number today could be much higher.
The post Romania Bans Gambling Venues in Small Towns and Villages appeared first on European Gaming Industry News.
Leading fintech company Sightline has entered into an exclusive partnership with compliance and anti-fraud technology solutions leader GeoComply to bolster the security and efficiency of digital transactions within the regulated gaming industry.
Sightline will integrate GeoComply’s cutting-edge IDComply identity verification solution as well as GeoComply’s compliance-grade geolocation tools across its comprehensive suite of digital payment solutions for land-based casinos and online gaming operators.
GeoComply developed IDComply in direct response to the growing demand for an integrated solution that addresses the expanding compliance needs of the digital gaming industry. Sightline will leverage identity verification and geolocation checks at strategic points during the customer journey to validate that digital transactions comply with the Bank Secrecy Act (BSA) and adhere to Office of Foreign Asset Controls (OFAC) sanctions detection and blocking requirements. The partnership will also strengthen Know Your Customer (KYC) and anti-money laundering (AML) protocols to reduce fraud such as account takeovers.
The implementation of IDComply and GeoComply Core within Sightline’s offerings is scheduled to occur over the coming months.
“Digital payments continue to proliferate in the regulated gaming industry, and it is essential to have solutions that safely, securely, and swiftly validate customers’ identities. Implementing these tools across Sightline’s payment solutions will significantly decrease the time it takes to validate an identity and they will bolster compliance with the evolving regulations that govern digital financial transactions. Our vision is to create an omnichannel customer experience where patrons can seamlessly enroll, fund, and play their game of choice in under 180 seconds, putting gaming more in line with payments technologies in areas like retail and ecommerce,” Rose Zwirn, SVP of Business Development at Sightline, said.
“Our companies have a long history of collaboration and we’re excited to be working together to implement our GeoComply Core and IDComply solutions for Sightline’s customers. Our goal is to provide digital trust in every online transaction while opening the funnel for legitimate players and stop fraudsters from entering the digital gaming ecosystem. Working with best-in-class partners like Sightline gets us closer to that goal,” Sam Basile, VP of Business Development at GeoComply, said.
Digital wallets and transactions are becoming more common within the gaming industry, and Sightline is an indispensable and innovative partner to operators across the gaming ecosystem. Sightline will use IDComply to swiftly authenticate customer identities during signup across its platforms, simplifying cashless wagering accounts and online Play+ registrations. This move aims to address identity verification challenges, especially in areas like Nevada that require government IDs for account setup. IDComply is expected to accelerate this process, enhancing safety and user experience by reducing friction.
GeoComply’s advanced geolocation technology helps ensure regulatory compliance and is a strategic asset for gaming enterprises aiming to navigate the complex landscape of digital transactions securely and lawfully. With more than 10 billion transactions processed annually and installed on over 400 million devices worldwide, GeoComply empowers gaming enterprises to meet their compliance needs while providing a secure, trustworthy platform for their customers.
Furthermore, both Sightline and GeoComply have offices located at the Harry Reid Research and Technology Park in Las Vegas, symbolizing their joint commitment to advancing technology and compliance solutions within the gaming industry.
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