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Compliance Updates

R Franco Technologies’ Iris Platform Earns GLI Certification for Puerto Rico Sports Betting

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R Franco Technologies SLU, a company belonging to R Franco Group, has secured a compliance Certificate for its Iris platform from Gaming Laboratories International (GLI) LLC for Puerto Rico Gaming Commission’s sports wagering rules and regulations.

The certification underscores R Franco Technologies’ commitment to maintaining the highest standards of regulatory requirements in the dynamic iGaming industry. By obtaining this certification, R Franco Technologies demonstrates its dedication to providing secure, reliable and fully compliant solutions for its clients and partners.

The Iris platform, known for its cutting-edge technology and user-centric features, has undergone thorough testing and evaluation by GLI LLC, a globally recognized authority in gaming testing and certification.

This accreditation, in addition to its GLI-33 v1.1 Event Wagering Systems certificate, not only validates the excellence of R Franco’s Technologies but also assures operators in Puerto Rico’s sports betting market of the platform’s readiness to meet the high standards of the Puerto Rico Gaming Commission.

“We are delighted to have received this compliance certificate from GLI for our Iris platform,” the Head of Business Development for R Franco Digital, Guillermo Ruiperez, said. “This achievement reaffirms our dedication to providing top-tier solutions that not only meet but exceed industry regulations. We are committed to supporting the growth of the gaming industry in Puerto Rico.”

“We are excited about R Franco Technologies’ decision to enter the Puerto Rico market and congratulate it for becoming one of the first Ibero-American companies to achieve certification for the jurisdiction,” the Latin America and Caribbean Vice-President for GLI LLC, Karen Sierra-Hughes, said. “One of our objectives in Spain is to support our clients in their expansion goals and we are grateful for R Franco Technologies trusting GLI for this important milestone as we look forward to continuing to support it across the globe.”

R Franco Technologies’ collaboration with GLI LLC and its attainment of the compliance certificate further solidify its position as an industry leader and a trusted partner for gaming operators seeking innovative, secure, responsible and compliant solutions.

AB Svenska Spel

Spelinspektionen Launches Supervision of AB Svenska Spel’s Gaming Venues

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The Swedish Gambling Authority has launched supervision of AB Svenska Spel’s gaming venues. The supervision covers turnover and the placement of slot machines.

This is the latest step in Spelinspektionen’s push to keep Sweden’s gambling sector in check and make sure companies meet the standards laid out in the Swedish Gambling Act.

When the review is complete, Spelinspektionen will publish the results.

The post Spelinspektionen Launches Supervision of AB Svenska Spel’s Gaming Venues appeared first on European Gaming Industry News.

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Compliance Updates

Turkish Football Federation Suspends 149 Referees and Assistants After Betting Probe

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The Turkish Football Federation (TFF) has suspended 149 referees and assistant referees after an investigation found hundreds of professional match officials in the country had betting accounts.

Bans ranging from eight to 12 months, based on the severity of the act, have been imposed for involvement in betting activity, with investigations into three other officials still ongoing.

The full list of the penalised officials was published on the TFF website.

Last week, it was revealed a five-year probe had found 371 of 571 match officials have betting accounts, with 152 of those actively gambling.

While some had only bet once, 42 had bet on more than 1000 football matches – with one official found to have placed 18,227 bets.

Like players and coaches, match officials are forbidden from participating in betting activities by TFF disciplinary regulations, as well as those of world governing body Fifa and European governing body Uefa.

“There is a moral crisis in Turkish football. There is no such thing as structure. The fundamental problem at the core of Turkish football is an ethical one,” TFF president Ibrahim Haciosmanoglu said.

“Ask any referee, if there is even one who has not received his pay, I will resign as federation president. In fact, we improved their salaries last year, and again this year.”

No further details of the cases or ongoing investigations were provided.

After the investigation’s findings were announced, a number of Turkey’s top clubs responded.

Besiktas said it “could mark a new beginning for clean football” while Trabzonspor called the development “an historic opportunity to rebuild justice in Turkish football”.

Fenerbahce president Sadettin Saran said: “This is both shocking and deeply saddening for Turkish football.

“But the fact that it is coming to light is a hopeful development.”

The post Turkish Football Federation Suspends 149 Referees and Assistants After Betting Probe appeared first on European Gaming Industry News.

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Compliance Updates

UKGC Suspends Operating Licence of VGC Leeds Limited

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The UK Gambling Commission has suspended the operating licence of VGC Leeds Limited as it carries out a review under section 116 of the Gambling Act 2005.

The review and consequent suspension follow concerns that activities may have been carried out contrary to the Act, not in accordance with conditions of their licence and that the Licensee may be unsuitable to carry on the licensed activities.

During a recent Compliance Assessment, VGC Leeds Limited are reasonably believed to have failed to maintain and implement effective anti-money laundering policies, procedures and controls, as required under the conditions of their licence.

In addition, serious concerns were identified regarding the adequacy of decision-making processes and the Licensee’s response to identified anti-money laundering and counter-terrorist financing risks, raising questions about the overall effectiveness of its governance and risk management arrangements.

These failings are considered significant and represent a serious threat to the licensing objectives, in particular keeping crime out of gambling.

“We have made it clear to the operator that during the suspension, we expect it to focus on treating consumers fairly and keeping them fully informed of any developments which impact them,” UKGC said.

The suspension takes place immediately.

The post UKGC Suspends Operating Licence of VGC Leeds Limited appeared first on European Gaming Industry News.

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