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Compliance Updates

Lucky 7 Awarded Dutch Licence with Finnplay Platform

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The KSA has granted Lucky 7 the Dutch B2C online gambling licence.  The new brand, Lucky 7 will become the fifth brand to go live on the Finnplay platform in the Dutch market, maintaining the Finnish platform provider’s perfect record of licence applications in the Netherlands.

Lucky 7’s COO, Frank Loffeld says, “We are thrilled to have achieved this important milestone, and we now look forward to a very successful brand launch soon. Finnplay’s team was instrumental in helping us navigate the complex application process, and we’re pleased to have their continued support as we launch Lucky 7 to the market.”

Finnplay’s Managing Director, Jaakko Soininen added, “Our team is proud to have helped Lucky 7 get over the line in their Dutch licence application, keeping our perfect record of Dutch compliance intact.  We are eager to help them officially launch the brand now and turn it into a very successful business in the Netherlands.”

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Compliance Updates

NSoft’s MGA Recognition Notice: A Catalyst for Continued Growth and Innovation in iGaming

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The European Gaming Congress (EGC) returns to Warsaw for 2024 on 15-16 October, and organizer HIPTHER is proud to introduce the conference’s esteemed Sponsors – trailblazing companies and accomplished professionals that help make the magic happen!

We are proud to introduce Pen and Paper Sponsor of the #EGC2024NSoft, and their MGA Recognition Notice – the catalyst for continued growth and innovation in iGaming!

The European Gaming Congress is now live in Warsaw at the Polonia Palace Hotel, and NSoft’s Senior Legal Adviser, Zora Vidmar Kurtović, is with us and looking forward to connecting with all attendees!

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NSoft, a leading software solutions provider in the iGaming industry, has held the Malta Gaming Authority (MGA) Recognition Notice. Now, you might be wondering, “What’s the big deal about this recognition?” This esteemed recognition has been instrumental in NSoft’s sustained expansion into new markets and the successful launch of innovative gaming products. It’s been like a secret ingredient in their recipe for success.

 

The Significance of the MGA Recognition Notice

The MGA Recognition Notice is a formal acknowledgment by the Malta Gaming Authority of a B2B license issued by another competent authority within an EU member state. Holding this recognition signifies that NSoft adheres to the stringent regulatory standards set forth by one of the most respected regulators in the global iGaming industry. It reinforces NSoft’s reputation for integrity, compliance, and excellence in delivering high-quality gaming solutions.

So, what exactly is this MGA Recognition Notice? “Think of it as a gold star from the strictest teacher in school. The Malta Gaming Authority is kind of a big deal in the iGaming world, and when they give you a nod, everyone sits up and takes notice. This recognition basically says, ‘Hey, NSoft is legit. They’re playing by the rules and delivering top-notch gaming solutions’”, explains Zlatan Omerspahić, Head of Legal & Compliance at NSoft.

 

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How the Recognition Notice Benefits NSoft

Now, you might be thinking, “Okay, but how has this actually helped NSoft?” Great question! This recognition has been opening doors left and right for them.

“It’s like having a VIP pass in the iGaming world. We have been able to expand into new markets smoothly, and all the big-shot operators out there love working with companies that have this kind of recognition. It’s all about trust, you see,” Omerspahić explains.

 

Sustained Credibility and Compliance

With the MGA Recognition Notice in place, NSoft has consistently demonstrated its commitment to upholding the highest operational standards. This longstanding recognition assures partners and clients that NSoft operates with full compliance to international gaming regulations, fostering trust and reliability in all business dealings.

Strategic Market Expansion

The recognition has been pivotal in enabling NSoft to:

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  • Efficiently Enter New Markets: Streamline licensing procedures across multiple jurisdictions by leveraging the MGA’s esteemed recognition.
  • Forge Strong Partnerships: Collaborate with reputable operators who value regulatory compliance and premium gaming content.
  • Enhance Global Presence: Expand its reach to a wider audience, solidifying its position as a global leader in the iGaming sector.

 

Facilitating the Launch of Innovative Gaming Products

But NSoft isn’t just resting on its laurels. No sir! They’ve been busy cooking up some pretty cool games. The MGA Recognition Notice has allowed NSoft to seamlessly introduce a variety of cutting-edge gaming products to the market. Have you heard of:

Virtual Drag Races: Offering players an exhilarating virtual racing experience that captures the excitement of real-world drag racing.

Crash Cash Online: An engaging game that combines elements of strategy and chance, providing thrilling opportunities for substantial wins.

Casino Slots like Gold of Egypt and Fishy Guy: Immersive slot games that transport players to captivating worlds filled with adventure and rewards.

“The best part? Thanks to MGA Recognition Notice, we can roll out these games faster than you can say “jackpot.” Operators are quick to snap them up because they know they’re getting quality stuff that follows all the rules,” Omerspahić says.

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Advantages for Product Deployment

Regulatory Assurance: Operators can confidently integrate NSoft’s games, knowing they meet the MGA’s rigorous standards.

Market Receptivity: Players in MGA-recognized jurisdictions are more inclined to engage with games from trusted providers like NSoft.

Swift Market Entry: The recognition facilitates faster introduction of new games to the market, enhancing competitiveness.

 

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Ongoing Growth and Future Prospects

Building on the foundation provided by the MGA Recognition Notice, NSoft continues to experience robust growth, particularly in the areas of casino slots and virtual games.

“This MGA Recognition Notice isn’t just a piece of paper for NSoft. It’s more like a launchpad. It’s helped us build trust, expand our reach, and keep pushing the boundaries of what’s possible in iGaming,” Omerspahić notes.

The company remains dedicated to:

  • Innovation: Investing in research and development to create next-generation gaming experiences.
  • Industry Leadership: Pursuing awards and recognitions that highlight excellence in game design, technology, and customer satisfaction.
  • Expanding Collaborations: Establishing strategic partnerships to further extend its market reach and influence.

NSoft remains committed to leveraging the advantages of the MGA Recognition Notice to push the boundaries of what’s possible in iGaming. With a focus on quality, compliance, and innovation, the company is poised to continue its trajectory of success, bringing unparalleled gaming solutions to markets around the world.

The post NSoft’s MGA Recognition Notice: A Catalyst for Continued Growth and Innovation in iGaming appeared first on European Gaming Industry News.

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Compliance Updates

Malta’s National Lottery Earns ISO Certification for Excellence in Security and Operations

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National Lottery plc, the exclusive operator of the national lottery of Malta, has been awarded the globally respected ISO/IEC 27001:2022 Certification. This certification acknowledges the company’s outstanding commitment to security, operational efficiency and the highest management standards across all its functions.

The ISO/IEC 27001:2022 certification is a leading internationally recognised benchmark for Information Security Management Systems (ISMS). National Lottery plc’s achievement highlights its dedication to maintaining a robust, visible, and well-documented security environment, essential in fostering public confidence and trust in its games and services.

Mr. Joseph Bonanno, Chief Lottery Officer of National Lottery plc, said: “Achieving this certification underscores our strategic efforts to maintain the highest international standards, ensuring the security and integrity of our operations. This recognition reaffirms the trust that players, the public, and society can place in our games and services. Obtaining this certification within such short timeframes since the commencement of our operations is quite remarkable and attests our commitment to quality, security and integrity.”

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Auditors from TÜV HELLAS (TÜV NORD) conducted a comprehensive audit of National Lottery plc’s operations in Malta, evaluating the company’s management, organisation, and lottery/betting systems. The audit spanned across multiple departments, including Legal and Compliance, Information Systems, Operations, Sales and Marketing, Corporate Services, Human Resources and Finance. Key personnel from each area were interviewed to ensure compliance with the stringent requirements of the certification.

A particular highlight of the audit was the inspection of the company’s Live Draw Studios, where the auditors reviewed the procedures governing the live draws of its games. This thorough examination ensures that the draw processes are managed with integrity, bolstering confidence in the fairness and transparency of the games offered.

Another critical facility audited was the Logistics Centre, which manages key operational aspects such as field operations, technical services, warehousing, logistics and fulfilment for the company’s retail network.

This prestigious international recognition will serve as a catalyst for National Lottery plc in its pursuit of and commitment to responsible gaming, security and transparency, always prioritising the interest of players and society at large.

The post Malta’s National Lottery Earns ISO Certification for Excellence in Security and Operations appeared first on European Gaming Industry News.

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Compliance Updates

WA.Technology receives accreditation to enter Peru’s gaming market

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WA.Technology, the award-winning B2B solutions provider, is excited to announce its entry into the rapidly expanding Peruvian gaming market after receiving the necessary certifications from the country’s gambling regulator, Ministerio de Comercio Exterior y Turismo (MINCETUR).

Already recognised as the most sought-after B2B solutions provider for LatAm, the award-winning provider is now bringing its iGaming expertise to operators across Peru, having already partnered with the majority of the continent’s biggest brands.

In total, WA.Technology offers its LatAm partners a full spectrum of iGaming solutions via its WA.Platform, WA.Sports, WA.Casino, WA.Fantasy, WA.Affiliates and WA.Lottery verticals.

With WA.Technology boasting multiple regional offices across the continent, the provider has now stated a firm commitment to ensuring that its Peru operator partners will be given the best of its technology to gain local market share.

These include its latest lottery platform, with players able to access more than 70 of the world’s biggest lottery formats, Highly popular Lottery games from the USA will also be available, such as Powerball and Megamillions, reaching in excess of $1bn.

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In addition, local operators will be able to harness WA.Technology’s latest Fantasy Sports and its US-inspired Pick’Em Play Props offering, which is being rolled out imminently to big-name operators across the continent.

Designed for players to unleash their sporting expertise across Daily Fantasy Sports and Free-to-Play predictor games, both represent a tried and tested acquisition tool for LatAm operators to boost engagement, retention and cross-selling opportunities.

Local partners will also be able to access WA.Technology’s latest WA.Affiliates vertical, designed to transform LatAm operators’ player-focused marketing and customer acquisition strategies.

Featuring affiliate tracking features, performance tracking software, and the option to introduce gamification, WA.Affiliates represents an unparalleled acquisition tool for operators to reach new audiences and drive traffic back to casinos and sportsbooks.

Commenting on the company’s launch in Peru, Axel Antillon, Regional Director LatAm at WA.Technology, said: “Peru represents a significant opportunity for WA.Technology; we are very excited to be embarking on this new journey! The country’s growing appetite for gaming and entertainment-led experiences aligns perfectly with our mission to deliver LatAm’s best gaming products.

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“By entering the Peruvian market, we’re able to support local operators in enhancing their player experience, improving operational efficiency, and ultimately, growing their business. We look forward to becoming a trusted partner to the region’s operators as we establish a long-term presence here.”

Since regulations were introduced in October 2023, Peru has been pinpointed as one of LatAm’s major growth markets by industry experts.

Reports project the market to grow at a compound annual growth rate (CAGR) of 9% between 2023 and 2031, largely driven by increased digital adoption and growing demand for online entertainment.

MINCETUR, Peru’s regulator, estimates that approximately Sol3.8 billion (€1bn) in bets was placed in 2022, with online gaming and sports betting estimated to produce Sol162m (€40.6m) a year in taxes for the state.

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