Compliance Updates
Parimatch Tech Strengthened Its Positions With GLI Certifications
Parimatch Tech has achieved the highly sought-after B2B certification from Gaming Laboratories International (GLI) for sports and casinos, adding another competitive market to its growing global reach.
With the GLI19 and GLI33 certifications, Parimatch Tech has secured permission to offer its products and services to operators in the fast-expanding markets. In-house developed by Parimatch Tech, casino platform EVA is used for services that provide games providers aggregation platform, seamless casino wallet with bonuses, and tournaments-related services.
Parimatch Tech will deliver its sportsbook and casino products to partnership operators according to the recently announced business model diversification. The new approach includes a complete betting coverage of 33 sports, more than 10 000 pre-match, and 50 000 monthly live events across several markets. In the casino, players can expect a huge game portfolio of over 10 000 games from 200+ providers, including industry leaders, and personalization features such as geolocation and personal favorites. All personalization features are integrated with intelligent gamification tools like multiplayer tournaments, missions, badges, and more.
“Gaming Laboratories International is a team of professionals that apart every detail of your software and hardware, so their certifications are rightfully considered a quality mark in the industry. Obtaining GLI19 and GLI33 certifications underlines the quality of our products developed for the global expansion of the Parimatch brand. We are longingly expecting exciting opportunities for further development.” — said Yurii Shevchuk, Head of Compliance at Parimatch Tech.
“It was great to support the Parimatch Tech team during this journey and to assist them throughout their certification process. Adopting GLI standards will allow Yuri and the Parimatch Tech team to navigate easily into new markets. We are happy for Parimatch Tech and excited to continue this productive relationship.” — said Francesca Capomolla, Account Manager at EMEA.
Parimatch Tech emphasizes that in sync with the necessary benchmark certifications, the company follows a security strategy to prevent risks associated with access, data security, product security, network security, employee security, and supply chain threats. The company’s IT security strategy includes in-depth knowledge of fraud and threat actor approaches, the best security practices, and data protection trends to ensure the safety of customers and businesses from cyberattacks.
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Leading sportsbook technology provider ready to deliver premium virtual sports offering to local operators
Altenar has achieved a significant milestone in its LatAm expansion by securing a new certification to offer sportsbook and RGS, including virtual sports in Brazil.
This development underscores Altenar’s commitment to providing cutting-edge and engaging sportsbook solutions in regulated markets, and follows a string of landmark deals with industry leaders, such as Inspired, Kiron, Leap and Sportradar.
To achieve the certification, Altenar underwent a thorough evaluation process, demonstrating the provider’s dedication to compliance and its ability to meet the stringent requirements of the Brazilian market.
The integration of virtual sports from renowned providers will further enhance Altenar’s comprehensive platform, offering a dynamic and exciting vertical for Brazilian players that can be enjoyed 24/7.
Dinos Doxiadis, Director of Product – Sportsbook and Data at Altenar, said: “We are thrilled to achieve certification for virtual sports in Brazil. This marks another significant step in our growth across Latin America and reinforces our commitment to the burgeoning region.
“By joining forces with some of the industry’s most renowned providers, we are confident in our ability to deliver an unparalleled virtual sports experience to operators and players in Brazil. This offering will complement our existing sportsbook solutions and provide further opportunities for engagement and growth in this key market.”
The post Altenar gains ground in Brazil with virtual sports certification appeared first on Gaming and Gambling Industry in the Americas.
The Dutch Gaming Authority (KSA) has warned 711 BV, a provider of online games of chance, for showing gambling ads on a website aimed at minors. The warning followed a report from a parent who saw an advertising banner from 711 on a website linked to homework assignments from primary schools.
By law, gambling providers are not allowed to advertise to vulnerable groups, including minors. This form of advertising is considered by the KSA to be very harmful and therefore a serious violation. Taking action against such advertising and taking extra care to protect minors and young adults will be a priority for the KSA in 2025.
The 711 advertising campaign was carried out by an external partner. This party placed banners on various websites, including sites that are (partly) aimed at minors. In a conversation with the KSA, 711 indicated that it had already discovered this itself after an internal investigation and had taken measures to prevent recurrence. The provider did not report this, but should have done so: licensees are obliged to inform the KSA of errors on their part that could pose a danger to consumers.
The KSA dealt with the violation with a warning, because 711 itself had discovered and ended the violation and taken measures to prevent recurrence.
The post Dutch Regulator Issues Warning to 711 BV appeared first on European Gaming Industry News.
The UK Gambling Commission (UKGC) has issued a warning to operators, reminding them that failure to submit regulatory returns on time may lead to penalties and further enforcement actions.
The warning follows a spate of fines against operators who have failed to submit a regulatory return in the required timeframes for each type of activity for which they hold a licence.
Since October more than ten businesses have been fined up to £750 for not correctly completing and submitting regulatory returns within the required timeframe.
John Pierce, Commission Director of Enforcement, said: “Despite early engagement and the issuing of advice notices, further failures to comply with the regulatory returns process were identified in these cases. Operators are expected to understand their reporting obligations and must ensure returns are submitted on time via our online portal.”
“Repeated breaches and persistent non-compliance is likely to result in escalating enforcement action.”
On 1 July 2024, Licence Condition 15.3.1 – General and regulatory returns of the Licence Conditions Codes of Practice was updated to require all licensees to submit regulatory returns on a quarterly basis replacing the previous annual basis.
The next quarterly returns are due by 28 April 2025 and can be submitted via the eServices digital service on the UKGC’s website.
The post UKGC Warns Operators Over Late Regulatory Returns appeared first on European Gaming Industry News.
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