Compliance Updates
3 Oaks Gaming expands into Georgia after receiving games certification
Newly-created iGaming distributor continues with its ambitious growth plans
3 Oaks Gaming, a rapidly evolving iGaming content distributor, has secured official certification to supply its full catalogue of games and supporting promotional tools range in the regulated market of Georgia.
The iGaming distributor’s entry to the market means it can now supply Georgia operators with a variety of its ‘Hold and Win’ style online games, as well as future content that will incorporate Big Time Gaming’s legendary Megaways™ mechanic. These games are likely to resonate with local players, resulting in an improved gaming experience.
The games certification is the latest in a series of progressive business moves by the company to grow its influence and reach within the global iGaming industry. The distributor holds an Isle of Man Software Supplier licence and is targeting commercial opportunities with both B2B gaming partners and B2C operators across regulated markets worldwide.
3 Oaks Gaming was established to distribute new and existing casino content and marketing tools from established high-value studios, which until now were not present in highly competitive regulated markets. The iGaming distributor intends to secure more licences over the coming months, further extending its ambitious expansion strategy.
Sebastian Damian, Managing Director of 3 Oaks Gaming, said: “Georgia is an excellent market to launch our offering in and we look forward to building relationships with the great operators the country has to offer.
“We believe our casino content and marketing tools have the potential to greatly influence the overall iGaming experience. It is a country where online casino entertainment is becoming more prevalent, and we are excited to be bringing our innovative and successful titles to the market.”
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Compliance Updates
Swedish BOS rejects the proposal “A new ban on gambling on credit”
The Swedish Trade Association for Online Gambling (BOS) submits its statement to the Ministry of Finance on the memorandum “A new ban on gambling on credit”, in which a ban on credit cards for gambling is proposed.
BOS rejects the proposal. This is justified by Gustaf Hoffstedt, Secretary General of the Swedish Trade Association for Online Gambling, among other things through the proposal’s negative consequences on channelization.
If the government nevertheless goes ahead with the proposal, BOS proposes that the obligation not to mediate payments for gambling purposes be imposed on those issuing credit cards rather than on gambling operators. In this way, it will be prohibited for credit card issuers, under the supervision of the Swedish Financial Supervisory Authority (Finansinspektionen), to mediate payments via credit cards for all gambling companies, including illegal and/or unlicensed gambling companies. Almost half of the Swedish online casino market is unlicensed and/or illegal due to heavy restrictions of the licensed market.
In the name of consumer protection Sweden should not add new restrictions on consumers that still place their bets on the legal gambling market. That is the main reason for us to turn this suggestion down. Should the government want to proceed with a credit card prohibition on gambling, we suggest that such restriction is directed not towards gambling operators but credit card issuers, since the latter are also serving the half of the market that is illegal and unlicensed, says Gustaf Hoffstedt.
The post Swedish BOS rejects the proposal “A new ban on gambling on credit” appeared first on European Gaming Industry News.
Compliance Updates
DGOJ Begins Work to Create Central Data Registry
The Spanish gambling regulator DGOJ has initiated work on data administration policies and practices for the creation of a common centralised registry of gambling data. The registry would compile customer data from all Spanish-licensed gambling operators to provide a holistic view of activity.
DGOJ director general Mikel Arana has taken input from the Sectoral Commission, the General Assembly’s advisory body for policy and federal and directives. Initial discussions are focusing on improving data integration across public administrations and integrating the data into a comprehensive report on gaming activity.
Arana said: “The establishment of a centralised data registry will enhance the transparency and accountability of gambling operations in Spain. It will provide a robust framework for monitoring and ensuring compliance with the highest standards of responsible gaming.”
The General Assembly ordered the creation of a central registry over a year ago through the Decree on Responsible Gambling Environments. It will allow the DGOJ to monitor gambling licensees’ activities and customer engagement. Operators will have to establish risk profiles for customers aged under 25.
The next stage will involve consultations with stakeholders, including operators. The DGOJ aims to finalise an implementation plan by the end of the year. The registry would come into effect in early 2025. The remaining know-your-customer measures of the decree will be introduced in 2025.
The post DGOJ Begins Work to Create Central Data Registry appeared first on European Gaming Industry News.
4ThePlayer.com
4ThePlayer Approved for License by Pennsylvania Gaming Control Board!
4ThePlayer.com is delighted to announce the latest development in its expansion across the United States; in a recent meeting, the Pennsylvania Gaming Control Board (PGCB) approved the Company’s participation in the Commonwealth’s iGaming market.
This achievement marks a key step in their strategic US market expansion and underscores their commitment to growing their presence in the regulated US market.
Pennsylvania is the fourth market, following New Jersey, Michigan, and Connecticut, to license and embrace their player-centric and entertainment-focused games.
An exciting portfolio, featuring top-performing titles such as 4 Fantastic Lobsters and 9k Yeti will soon be launched in Pennsylvania and live across the company’s impressive customer list.
Chris Ash, the Business Development Director and co-founder of 4ThePlayer.com said: “I am thrilled we can bring our unique gaming experience to the players of Pennsylvania. After the success we have seen with these titles in other states, we are excited for players in Pennsylvania to play them!”
Pennsylvania’s online casino market has been showing a steady growth trajectory with iGaming revenue 40.5% higher at $184.9m, compared to $131.6m in 2023 with online slots revenue alone jumping 35.6% to $125.9m.
4ThePlayer games will be available in Pennsylvania via Gaming Realms, 4ThePlayer’s trusted platform partner.
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