Compliance Updates

Markor Technology granted a B2C bookmakers license by the Gibraltar regulator

Published

2 years ago

November 7, 2022

Reading Time: < 1 minute

Global provider of B2B and B2C technology solutions, Markor Technology has announced it has recently been granted a license by the Gibraltar’s regulatory body to offer B2C bookmakers services.The news represents a significant step forward for Markor Technology as the company moves ahead with its strategy to make its products and services available to customers in regulated markets and will enable the company to further increase its appeal by adding a new vertical to its portfolio.

Having acquired a B2C bookmakers license in Gibraltar enables the company to connect with a wide range of prospective clients and helps Markor Technology to establish itself as an experienced and reliable provider of gaming content and services. The company also boasts a talented senior management team who have over a decade’s worth of experience between them and a growing workforce of 80+ employees worldwide.

Founded mid 2020, Markor Technology is headquartered in Gibraltar, with offices in India, Malta, and South Africa. The company provides a comprehensive multi-product vertical and multi-licensed PAM system, which can be tailored to both self-serviced or managed solution, that allows operators to efficiently and effectively run all aspects of their online businesses. In addition, it has a game content aggregation platform that boasts over 5,000 titles from leading suppliers.

Melissa Summerfield, Chief Executive Officer at Markor Technology, said: “Markor Technology prides itself on being able to offer multi-licensed products and services to customers in regulated markets worldwide, and our newly acquired B2C bookmakers license adds yet another string to our bow.
“We will further press on with our strategy of becoming a leading provider of one-stop-shop solutions for operators across the iGaming industry and establishing our brand as a modern, agile company that’s capable of servicing customers across a wide range of product verticals.”

Asia

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

Published

10 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

1 day 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

1 day 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.