Connect with us

Compliance Updates

UK’S BGC WELCOME PAUL SCULLY MP AS NEW GAMBLING MINISTER

Published

on

Reading Time: 2 minutes

 

Standards body the Betting and Gaming Council has congratulated Paul Scully MP on his appointment as Minister responsible for the betting and gaming industry.

BGC chief executive Michael Dugher also congratulated Michelle Donelan MP on her re-appointment to the Cabinet and encouraged both to continue engagement with the industry to find the right balance in the upcoming Gambling Review.

Mr Dugher also paid tribute to outgoing Gambling Minister, Damian Collins MP, who had been leading the Gambling Review and who has now returned to the backbenches.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Paul Scully was previously a Minister of State at the Department for Levelling Up and will also continue in his role as Minister for London.

The Betting and Gaming Council was established in 2019 and represents over 90 per cent of retail betting shops, online betting and gaming operators, casinos and bingo operators. As the single industry body, we work with our members, large and small, to raise standards, create a culture of safer gambling and build public and institutional trust in our world class industry.

Every month some 22.5 million adults have a wager, whether that’s on horse racing, playing the lottery, bingo or casino games, or having a bet on the football and other sports.

We are encouraged by the latest figures from the Gambling Commission which shows the rate of problem gambling among adults in the UK remains low by international standards at 0.3 per cent, down from 0.4 the year previous.

Michael Dugher said: “On behalf of the 119,000 people whose jobs are supported by our members – from the high street to hospitality, from tourism to world-leading British tech – I’d like to congratulate both Paul Scully MP on his new role and Michelle Donelan MP on her re-appointment as Secretary of State for DCMS. Our industry generates £4.5bn in taxes for the Treasury and contributes £7.7bn for the economy in gross value added.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

“We are ready to work with DCMS to help find carefully targeted, proportionate measures which achieve the right balance. We want to continue to drive big changes and drive higher standards on safer gambling to better protect the most vulnerable, whilst at the same time ensuring that the 22.5 million punters who enjoy a flutter each month, perfectly safely and responsibly, have the freedom to do so.

“I’d also like to pay tribute to Damian Collins MP, the widely respected outgoing minister who was leading on the Review, for his willingness to engage with the industry and understand the contribution we make to the economy.”

Powered by WPeMatico

Continue Reading
Advertisement

Compliance Updates

Isle of Man Government Publishes Terrorist Financing National Risk Assessment

Published

on

isle-of-man-government-publishes-terrorist-financing-national-risk-assessment
Reading Time: 2 minutes

 

The Isle of Man Government has published its first standalone Terrorist Financing (TF) National Risk Assessment (NRA), which is a significant step in strengthening the Island’s defences against terrorist financing and reinforces its commitment to international standards.

The TF NRA builds upon the findings of the 2015 and 2020 Money Laundering and Terrorist Financing NRAs and provides a focused analysis of the TF risks relevant to the Isle of Man as an international financial centre (IFC). It is a key component of the Island’s broader strategy to meet the Financial Action Task Force (FATF) recommendations on anti-money laundering, countering the financing of terrorism and countering the financing of proliferation (AML/CFT/CPF).

The assessment, which began in April 2024, involved contributions from 48 local experts, industry representatives, and international partners including the UK Home Office and the World Bank.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

It concludes that the Isle of Man faces a medium-low overall risk of being used as a conduit for terrorist financing, with the highest risk identified in the area of transit TF — the potential for funds to pass through the Island’s financial system en route to other jurisdictions. Whilst it is notable that the overall rating remains the same as the last TF NRA, conducted in 2020, this report provides further assurance of that rating by the use of more detailed data, information and analysis.

The FATF is an inter-governmental body that sets standards and promotes effective measures for combating money laundering, terrorist financing and other related threats to the international financial system.

The FATF-style regional body for the Isle of Man is MONEYVAL, the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, based in Strasbourg, France.

The Isle of Man’s efforts in combatting financial crime will be subject to an evaluation by MONEYVAL in October next year.

The Island’s main priority is to prevent, detect and disrupt criminal activity on an international scale. If the island cannot demonstrate that it meets the standards expected, the jurisdiction could referred to the “grey-listing” process. This outcome would have a significant negative impact on the economy and damage the international reputation and the ability to do business.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Jane Poole-Wilson MHK, Minister for Justice and Home Affairs, said: “This assessment is a vital tool in our ongoing efforts to protect the Isle of Man’s financial system and uphold our international obligations. It reflects the depth of collaboration across government, regulators, and industry, and highlights both our strengths and the areas where we must continue to build capacity and awareness. We are committed to ensuring that the Island remains a secure and responsible jurisdiction.”

The publication of the TF NRA will be supported by outreach to industry to help stakeholders understand and apply the key findings. A separate NRA focused on Non-Profit Organisations (NPOs) TF is also in development and will be presented for approval in due course.

The post Isle of Man Government Publishes Terrorist Financing National Risk Assessment appeared first on European Gaming Industry News.

Continue Reading

Compliance Updates

Pollard Banknote Secures License to Supply Gaming-related Goods and Services In the UAE

Published

on

pollard-banknote-secures-license-to-supply-gaming-related-goods-and-services-in-the-uae
Reading Time: < 1 minute

 

Pollard Banknote Limited announced that it has been approved as a licensed gaming-related vendor by the General Commercial Gaming Regulatory Authority (GCGRA). The GCGRA is the federal authority that oversees the regulatory framework for all lottery and commercial gaming activities in the United Arab Emirates (UAE) and is responsible for ensuring the industry’s integrity and promoting responsible gaming.

This license authorises Pollard Banknote to provide gaming-related goods and services and reflects the company’s interest in supporting regulated lottery operators within the UAE. As a full-service lottery and gaming provider with operations in North America and Europe and lottery clients across the globe, Pollard Banknote’s family of companies offer a wide array of products and services to maximise revenue potential. This portfolio of offerings includes an array of impactful retail merchandising solutions from Schafer Retail Solutions +, engaging print products designed for non-traditional lottery retailers from American Games/International Gamco and forward-thinking digital products across a number of its companies. This is all in addition to Pollard Banknote’s innovative instant ticket products and manufacturing operations.

“We are very excited for the wide variety of opportunities this new license will afford Pollard Banknote. We are eager to foster a strong partnership in the UAE and introduce our portfolio of proven, innovative lottery and gaming products and services that will help boost revenue and support charitable causes,” said Doug Pollard, Co-Chief Executive Officer at Pollard Banknote.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The post Pollard Banknote Secures License to Supply Gaming-related Goods and Services In the UAE appeared first on European Gaming Industry News.

Continue Reading

Compliance Updates

Oddin.gg Officially Registered with LOTBA as a Supplier in the City of Buenos Aires

Published

on

oddin.gg-officially-registered-with-lotba-as-a-supplier-in-the-city-of-buenos-aires

 

Oddin.gg has been officially registered as a supplier by the Lottery of the City of Buenos Aires (LOTBA). This authorization clears the way for Oddin.gg to provide its end-to-end esports betting ecosystem—including its Odds Feed, Risk Management, BetBuilder, Widgets, and more—to licensed operators in the City of Buenos Aires. The milestone reinforces Oddin.gg’s strategic focus on supporting partners across Latin America.

LOTBA, the regulatory authority for online gaming within the Autonomous City of Buenos Aires, is well known for its rigorous compliance and technical standards. While the body manages licensing and enforcement, suppliers must undergo a formal registration process before providing services to local operators. Oddin.gg’s successful registration confirms that it has met all relevant technical, financial, and compliance requirements.

Juana Bischoff, Senior Business Development Manager LATAM at Oddin.gg, said: “Being officially registered with LOTBA marks an important step in Oddin.gg’s long-term commitment to the Latin American market. Esports is gaining real traction across the region, and we want operators in Buenos Aires—and beyond—to have the tools and insight to deliver a top-tier esports betting experience. We’re not just bringing leading technology—we’re bringing the local expertise and regulatory awareness needed to help our partners like Betsson and Jugadon grow.”

The post Oddin.gg Officially Registered with LOTBA as a Supplier in the City of Buenos Aires appeared first on Gaming and Gambling Industry in the Americas.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania