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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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Belgium’s E Category License

Digitain Expands into Belgium with Regulatory License Approval

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Digitain strengthens its regulated presence in Europe by obtaining Belgium’s E Category License.

Digitain, the leading iGaming solutions provider, has announced that it has been officially licensed to operate in Belgium, marking a significant milestone in the company’s ongoing European expansion. This achievement highlights Digitain’s commitment to compliance, innovation, and delivering trusted solutions to its global partners.

Belgium is a highly regulated jurisdiction with strict standards to ensure fair play and responsible gaming. Securing this license further strengthens Digitain’s reputation as a reliable and compliant technology provider, enabling it to offer its award-winning solutions fully aligned with local regulations.

Digitain remains committed to expanding its regulated market presence, fostering partner success, and upholding the highest standards of compliance and data protection.

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The post Digitain Expands into Belgium with Regulatory License Approval appeared first on European Gaming Industry News.

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Compliance Updates

Spelinspektionen Develops New Risk Assessment for Money Laundering in the Swedish Gambling Market

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Spelinspektionen, the Swedish Gambling Authority, has developed a new risk assessment for money laundering in the Swedish gambling market.

In this risk assessment, which replaces previous assessments, the various approaches that enable licensees to be exploited for money laundering, referred to as threats, have been updated to better reflect the current situation. The vulnerabilities of the gaming forms, i.e. circumstances that are assessed to be able to affect the possibility of a threat occurring, have also been revised.

The method for assessing risk has also been revised to harmonise the Swedish Gambling Authority’s risk assessment with the national risk assessment produced by the Coordination Function for Measures Against Money Laundering and Terrorist Financing and the supranational risk assessment published by the European Commission.

The Swedish Gambling Authority has previously assessed that there is a low risk of land-based commercial casino gaming being used for money laundering. The authority’s regulations have therefore exempted the gaming form from the application of the money laundering regulations and a number of provisions in the Gambling Act. In the Swedish Gambling Authority’s new revised risk assessment, the risk of the gaming form being used for money laundering is no longer assessed as low. As a result, the Swedish Gambling Authority has initiated regulatory work to review the exemptions from the requirement to apply the money laundering regulations and register players and agents. Interested parties will have the opportunity to submit comments on the regulatory changes in a forthcoming consultation.

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The post Spelinspektionen Develops New Risk Assessment for Money Laundering in the Swedish Gambling Market appeared first on European Gaming Industry News.

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Australia

NICC extends The Star manager’s term for six months

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The NSW Government has amended the Casino Control Regulation to extend the term of The Star’s manager Nick Weeks, who will continue to have oversight of casino operations until at least 31 March 2026.

The government extended Mr Weeks’ term at the request of the NSW Independent Casino Commission (NICC) after the NICC declined to lift the suspension of The Star’s licence.

Mr Weeks will continue to hold the licence for The Star over the next six-month period, allowing the casino to operate gaming facilities while its licence remains suspended.

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The NICC first appointed Mr Weeks to the role of manager in October 2022, when The Star’s casino licence was suspended following the first Bell Review.

NICC Chief Commissioner Philip Crawford said there was still too much uncertainty surrounding The Star to consider reinstating its casino licence at this time.

“The NICC considers it appropriate to continue with the current arrangement so it can better assess the effectiveness of important remediation work and await the outcomes of other pressing financial matters concerning The Star,” Mr Crawford said.

“The NICC understands the many challenges The Star is facing and is closely monitoring The Star’s progress as it works to prove it is capable of regaining its casino licence.”

The post NICC extends The Star manager’s term for six months appeared first on European Gaming Industry News.

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