Compliance Updates

SOFTSWISS Jackpot Aggregator Now Available to Maltese Projects

Published

2 years ago

March 23, 2022

Reading Time: 2 minutes

The SOFTSWISS Jackpot Aggregator is pleased to announce that it has certified its random number generator (RNG) and can now offer services to casinos, game aggregators, and game studios holding the Malta licence.

This will enable companies operating out of the Republic of Malta and across other jurisdictions in Europe where jackpot promotions are not prohibited to use the jackpot systems provided by the SOFTSWISS Jackpot Aggregator. All jackpot campaigns will use RNG certified against the applicable technical requirements for the Malta online gambling market.

The Jackpot Aggregator is an innovative SOFTSWISS product that offers operators a new jackpot management tool offered under the Jackpot as a Service (JaaS) model. The solution offers a number of benefits, including fast and easy API integration, flexible jackpot templates, and customisation to meet player needs. This is supplemented by convenient user segmentation, operator native player group integration, and manual management.

“Being compliant with the requirements of the Malta Gaming Authority is an important part of the development of the SOFTSWISS Jackpot Aggregator. This milestone is an important step towards innovation and a personalised approach when it comes to the running of jackpot campaigns. The certification opens up huge growth prospects in iGaming on the one hand, and on the other hand, it obliges us to work even harder and more tirelessly to satisfy the interest of the entire gaming community,” commented Aliaksei Douhin, Product Manager at the SOFTSWISS Jackpot Aggregator.

About SOFTSWISS

The SOFTSWISS Jackpot Aggregator is a full-fledged jackpot ecosystem with ready-made solutions allowing to combine several brands into a single global jackpot. The product offers a virtual jackpot system and a set of jackpot templates with unique settings and game mechanics.

SOFTSWISS is a widely-acclaimed iGaming expert supplying certified software solutions for managing gambling operations. The company has an international team, which counts 1000+ employees and has an official presence in Malta, Belarus, Poland and Georgia. SOFTSWISS holds a number of gaming licences, providing one-stop-shop iGaming solutions. The company has a vast product portfolio, which includes an Online Casino Platform, Game Aggregator with thousands of casino games, the Affilka affiliate platform, Sportsbook Platform and the Jackpot Aggregator. In 2013 SOFTSWISS was the first in the world to introduce a bitcoin-optimised online casino solution.

Asia

Thailand Considers Limiting Gambling Areas to 5% of Total Project Space

Published

22 hours ago

May 16, 2024

Niji Narayan

thailand-considers-limiting-gambling-areas-to-5%-of-total-project-space

Reading Time: < 1 minute

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.

Canada

Court Decision Upholds iGaming Ontario’s Model

Published

2 days ago

May 15, 2024

GamingAmericas.com

court-decision-upholds-igaming-ontario’s-model

iGaming Ontario has welcomed the decision of the Ontario Superior Court, which found that iGaming Ontario’s model is consistent with the Criminal Code and that iGaming Ontario is conducting and managing igaming in the province.

“We have always been confident in our model and are pleased that the court has ruled in our favour, and that Ontarians can continue to play with confidence in our regulated igaming market,” said Martha Otton, Executive Director of iGaming Ontario.

“Ontario’s model meets the requirements and contributes to the public good by protecting players, their data and their funds, while helping to fund priority public services in Ontario, and bringing well-paid, high-tech jobs and economic development to Ontario,” Otton added.

In dismissing the application brought forward by the Mohawk Council of Kahnawà:ke (MCK), the Superior Court found that iGaming Ontario is the “operating mind” behind Ontario’s competitive igaming market in accordance with the conduct and manage requirements of the Criminal Code.

iGaming Ontario will continue to conduct and manage igaming as it has since the launch of the regulated market on April 4, 2022.

Compliance Updates

Supremeland Gaming Continues U.S. Expansion With Supplier License Approval In Michigan

Published

2 days ago

May 15, 2024

GamingAmericas.com

supremeland-gaming-continues-us.-expansion-with-supplier-license-approval-in-michigan

Supremeland Gaming, Inc., the emerging brand in American iGaming, has gained approval for a Supplier License in Michigan, marking the company’s fourth U.S. state approval following the successful acquisition of interim approvals in Pennsylvania, New Jersey, and West Virginia.

Supremeland Gaming is approved to operate under this license and is now authorized to offer its cutting-edge innovation to the Great Lakes State. Their continued expansion underscores its commitment to pushing the boundaries of innovation in the iGaming industry.

Rickard Öhrn, CEO of Supremeland Gaming, said: “With approvals already in Pennsylvania, New Jersey, and West Virginia, our entry into Michigan underscores our dedication to serving players nationwide. We are excited about the opportunities this new market brings and look forward to delivering innovative, engaging, and responsible gaming solutions to the rapidly growing U.S. iGaming community.”

Supremeland’s game portfolio has garnered international appeal since its debut in November 2023. The innovative brand produces first-class games, including Red Panda Rising and its global debut, Munition Mine, for which its subsidiary, Powderkeg Studios, is shortlisted at the CasinoBeats Game Developer Awards.