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Compliance Updates

Delasport is entering the UK market

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Delasport has acquired the prestigious UK B2B Remote Gambling Software License and Remote Betting Host Real Events License, allowing it to continue its rapid global expansion. With the new licenses, Delasport will be able to provide operators in the largest iGaming market in Europe with access to their leading Sportsbook and services.

As one of the world’s most mature regulated markets, UK operators will be able to leverage Delasport’s iFrame and Sportsbook offering, including: a full betting coverage of 125+ sports, 100,000 pre-match events, and 70,000 monthly live events across 3000+ markets, as well as personalization tools like geolocation content, favorites, and personal trader; all of which are integrated with smart player engagement tools such as multiplayer tournaments, missions, badges, and more.

This is the seventh market entry for Delasport in just six months, showcasing iGaming innovator’s drive for growth in global regulated markets. So far this year, Delasport has entered the Netherlands, Sweden, Malta, and Denmark, as well as being fully compliant in Mexico and Germany.

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Oren Cohen Shwartz, CEO of Delasport, comments on the license acquisition: “Entering the UK market is the latest in a line of significant victories for our global expansion. We have worked very hard to be able to participate in Europe’s most popular iGaming industry, and we look forward to developing further in it. We are also eager to collaborate with both new and current partners to present our extensive portfolio to UK gamers who want the best.

In order to compete successfully in their market, boost acquisition conversion, and maximize player retention, operators need the greatest products and services available. We are the only owners of all of our products’ intellectual property, which gives us control over the roadmap, and the freedom to respond to partner demands and changes in the market.

By using innovation to push the envelope, we can maximize the player experience through personalization, content localization, and unique betting. Additionally, we spice up the player experience even more with a robust suite of cross-product player engagement tools including tournaments, missions, levels, badges, spin-to-win, and more. It’s time to grow.”

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Baltics

The Lithuanian Gaming Control Authority (LPT) has completed its inspection: Olympic Casino has been fined almost 8.4 million euros

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The company Olympic Casino Group Baltija (OCGB) did not take sufficient steps to identify the origin of Šarūnas Stepukonis’ losing funds, and the monitoring of his financial transactions was only formal and ineffective. Such violations were identified by the Gaming Supervisory Authority, which conducted an inspection of OCGB’s activities in Lithuania. The company was fined almost 8.4 million euros.

The Gaming Supervisory Authority (LPT) investigated the actions taken by OCGB in response to Š. Stepukonis’ transactions on the company’s gaming website from December 2016 to the end of June 2021. The law obliges gaming operators to ensure that customer funds are not obtained from criminal activities or through participation in such activities. It is also mandatory to verify the origin of the funds. LPT found that the measures applied by OCGB were poor and insufficient, and the monitoring of Š. Stepukonis’ transactions was formal.

Gambling organizers must report suspicious transactions to the FNTT. Š. Stepukonis’ transactions had obvious signs that should have raised suspicions for the gambling organizer. However, the FNTT was not informed about this.

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During the inspection, evidence was also collected that Š. Stepukonis’ gambling was irresponsible. The gambling company should have noticed this, especially since the client was assigned a personal manager who saw all of his transactions.

“Instead of finding out whether Š. Stepukonis had a gambling problem or informing the supervisory authority, Olympic Casino encouraged him to gamble even more. An individual incentive package was prepared for him. A total of 1.3 million euros was allocated for this. This “bonus” could only be spent on gambling. Other incentives were also allocated,” – comments on the results of the inspection by LPT Director Virginijus Daukšys.

Since mid-2021, gambling companies in Lithuania have no longer been allowed to offer incentives to their customers that they would later lose. Just before this tightening came into effect, Š. Stepukonis’ virtual gambling was moved from Lithuania to Estonia, where it was still allowed to encourage gamblers.

In this way, it was possible not only to maintain incentives for gambling, but also to avoid supervision by the LPT. If an ordinary gambler from Lithuania tried to go and register on the Estonian Olympic Casino website, he would be redirected to the Lithuanian website. However, in the case of Š. Stepukonis, the redirection was not carried out. These circumstances are part of the pre-trial investigation.

During the inspection, a total of five violations of the provisions of the Law on the Prevention of Money Laundering and Financing of Terrorism and the Law on Gambling were identified.

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The law allows for a fine of up to twice the amount of damage caused. The damage was determined to be 6.4 million euros – the amount Š. Stepukonis lost at the Olympic Casino in Lithuania. When calculating the fine, an aggravating circumstance was taken into account – the company did not cooperate during the inspection.

According to V. Daukšys, after this story came to light, steps were taken to prevent similar cases from recurring. The most important change is the law, proposed by the LPT, which obliges gambling companies to take action upon noticing irresponsible gambling and to provide information about it to the LPT.

“Until now, there was no such obligation. Therefore, the LPT did not have information that would allow it to take preventive actions in advance,” says V. Daukšys.

The new Gambling Law will come into force in November this year. Its aim is to reduce the accessibility, attractiveness and potential harm to personal health of gambling.

LPT also reviewed its procedures, adjusted internal procedures, allowing for more frequent scheduled inspections of the activities of gambling companies. In addition, the Ministry of Finance conducted an audit of LPT’s activities. No significant operational deficiencies were identified during the audit. LPT took into account the audit recommendations and allocated more human resources to money laundering prevention functions.

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Source: Gambling Supervisory Authority under the Ministry of Finance of the Republic of Lithuania

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Alcohol and Gaming Commission of Ontario

Fennica Gaming Granted Supplier License for Ontario Market

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Fennica Gaming has announced that it has been granted a gaming supplier license in Ontario, Canada. This milestone marks a significant step in the company’s expansion strategy, allowing it to offer its cutting-edge gaming experiences to gaming operators in one of North America’s most dynamic regulated markets.

The supplier license, granted by the Alcohol and Gaming Commission of Ontario (AGCO), enables Fennica Gaming to introduce its portfolio of entertaining and high-quality games to gaming operators across the province. This registration empowers Ontarian operators, whether online or land-based, to access the omnichannel offerings developed in the Nordics.

“We are thrilled to receive our B2B supplier license in Ontario and to offer our advanced gaming solutions to operators in the region. After a thorough application process, we can now proudly and prominently display our registration and achievement. We have followed the market in North America for a long time and Ontario is an excellent example of market that is well organized. It represents an exciting market with immense potential, and we are committed to delivering secure, entertaining, and trustworthy gaming experiences tailored to local preferences,” Timo Kiiskinen, Managing Director of Fennica Gaming, said.

Fennica Gaming’s Nordic gaming experience and heritage as an omni-channel gaming operator through its parent company Veikkaus offers a broad range of entertainment for Ontarian operators with a player-first attitude. This registration supports Fennica Gaming’s commitment to a sustainable industry, enabling operation in compliance with Ontario’s local regulatory framework.

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Compliance Updates

Romania to Limit Gambling Spending to 10% of Monthly Income

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Romania continues to attempt to counter problem gambling among its population in a new draft bill that has been sent for consideration to the country’s lawmakers.

The bill proposes that Romanians will be banned from spending more than 10% of their previous monthly income on gambling and betting.

Banks and financial institutions where players have individual accounts would be responsible for setting the spending limitations, and could be liable for fines up to 1% of their actual turnover should they fail to enforce the potential new rules.

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Casino operators and other gambling premises would be responsible for enforcing the spending limit in physical buildings, although it is certainly not clear how that would operate in practicality.

It is also suggested that the ANAF (Agenția Națională de Administrare Fiscală) – Romania’s National Agency for Fiscal Administration, would be ordered to provide a platform that would allow licensed operators to query a player’s balance to check on the 10% limit.

Gambling operators would then have to report in real-time player spending in order that nobody would be able to game the system, simply by hopping quickly between establishments.

Failure to comply with these undertakings would result in a fine to the operator of between RON 200,000 and 500,000 (between $43,000 and $108,000) for a first offence. Meanwhile a second offence would also see the cancellation of the operator’s licence.

Romania has been trying hard in recent years to combat problem gambling within its boundaries. In October last year, it banned gambling venues in small towns and villages with populations of less than 15,000 people.

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