Compliance Updates
SPRIBE secures approval in Romania and Italy
Developer powerhouse has Mines, Hi-Lo and Goal titles certified by Gaming Associates for launch in fast-growing regulated markets
SPRIBE, the award-winning developer of next-gen online casino content, has significantly increased the distribution of its games in core European markets after receiving certification from the renowned testing house, Gaming Associates.
The certification allows SPRIBE to launch its Mines, Hi-Lo and Goal titles in Romania and Italy. The approval to go live in Romania is also recognised by the Malta Gaming Authority, which means SPRIBE can roll-out these titles in all Malta jurisdictions as well.
SPRIBE is the developer behind the world’s number one crash game, Aviator, but it also has a portfolio of Turbo Games packed full of engaging and entertaining titles that have proved to be a big hit with players.
Mines takes the popular minesweeper format with players having to reveal as many stars as possible without hitting a mine. The more stars they collect, the bigger the win. Players can cash out after each successful play if they wish.
Hi-Lo is a quick wagering game where the player has to guess if the next card will be higher or lower than the current card. But SPRIBE has added an extra layer of fun – the player must then choose the next three cards and if they get that right, their win gets boosted, and the game carries on. Again, they can cash out after any win.
Goal sees the player go from one end of the field to the other and score a goal. They do this by clearing lines but in each line, there is a bomb – if they land on the bomb, it’s game over but if they can clear the field and score a goal, they win the biggest prize.
All of SPRIBE’s games are super light so play incredibly well on mobile and also offer a chat function where players can interact. This combination has seen them hit the market with the lucrative but hard-to-reach Millennial and Generation Z demographics.
Giorgi Tsutskiridze, CCO at SPRIBE, said: “SPRIBE is known for Aviator, but we also have a portfolio of Turbo Games that are just as fun to play. Having secured approval from Gaming Associates, we can now launch these titles with our operator partners in Romania and Italy, as well as all Malta markets.
“This will allow our partners to stand out from their rivals through next-generation content that appeals to an important but hard to engage audience. Ultimately, our games offer superior levels of entertainment, and we can’t wait to see players in Romania and Italy experience, Mines, Hi-Lo and Goal for the first time.”
Compliance Updates
Playnetic strengthens European presence with licence to operate in Sweden
Playnetic, the new immersive B2B iGaming provider has announced that it has been granted a Swedish licence, following regulatory approval from the Swedish Gambling Authority, Spelinspektionen.
The licence allows Playnetic to launch its catalogue of innovative iGaming titles in Sweden, enabling the company to finalise partnerships with prominent operators across the country.
This significant milestone marks a major step forward in supporting Playnetic’s ambitious growth plans, which include increasing its foothold in other European markets, as well as continued expansion in regulated markets across the globe.
Dan Phillips, Playnetic CEO said: “Since launching in early 2023, Playnetic has been exploring expansion opportunities in Europe to penetrate new markets and we are thrilled with achieving this milestone.
“Thanks to our experienced compliance team, we were able to obtain this licence promptly, which is a huge positive as the market entry lines up perfectly with our regulatory roadmap for 2024. We are looking forward to launching our innovative suite of games which feature captivating themes and mechanics to players and operators in Sweden.”
The post Playnetic strengthens European presence with licence to operate in Sweden appeared first on European Gaming Industry News.
Balkans
Bulgarian President Approves Gambling Law Amendments
Bulgarian President Rumen Radev has decided not to veto the proposed amendments to the Gambling Law, which include a prohibition on gambling advertisements in the media.
Previously, President Radev had indicated that he was deliberating on the changes to the Gambling Law and was awaiting input from his advisors before making a final decision.
The prohibition on gambling advertisements in the media was approved by a significant majority of deputies during the final session of the 49th National Assembly. Despite objections raised by various media outlets, gambling operators, sports clubs, and other businesses between the readings, the amendments were endorsed. Some stakeholders argued against the ban, suggesting that public discussion should precede its adoption.
The initiative for the amendments originated from GERB and DPS, and it was introduced unexpectedly during the last days of the 49th National Assembly by Yordan Tsonev (DPS) and Temenuzka Petkova (GERB). The bill swiftly progressed through the legislative process, passing its first reading in the budget committee and subsequently receiving approval in the plenary session. An extraordinary meeting of the Committee on Budget and Finance was convened to facilitate the voting on the amendments before the deputies commenced their pre-election recess.
The post Bulgarian President Approves Gambling Law Amendments appeared first on European Gaming Industry News.
Asia
Thailand Considers Limiting Gambling Areas to 5% of Total Project Space
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.
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