Compliance Updates
Two Players from Korn Ferry Tour Suspended for Betting on PGA Tour Events
The PGA Tour announced that it has suspended two players on the Korn Ferry Tour for violating the Integrity Program. In an emailed statement, the tour said Vince India and Jake Staiano placed bets on PGA Tour competitions, though did not bet on tournaments in which they were participants.
The tour said Vince India is suspended from PGA Tour-sanctioned competition for six months, with the suspension having begun on Sept. 18, 2023. Staiano is banned from PGA Tour-sanctioned tournaments for three months, with his suspension starting on Sept. 11, 2023.
The tour said it will have no further comment on the suspensions at this time.
Vince India, 34, is a University of Iowa alum who has played fulltime on the KFT since 2019 and has career KFT earnings of $569,844. He had eight top-10 finishes from 2019-23 but didn’t post a top-10 this season in 22 starts, while making half the cuts. He has three career PGA Tour starts without making a cut.
Staiano, 26, has played in 17 total events on the KFT over the past two seasons, with the Colorado State product earning $30,910 in the six cuts he’s made. He played eight times in 2023 and made three cuts, with one top-25 finish. Staiano has not played on the PGA Tour.
The tour’s Integrity Program manual, which was last updated in September 2021, states that its primary purpose is “preventing betting-related corruption in PGA TOUR competitions”.
Among the prohibited actions in the manual is “Betting on Professional Golf Events”. The text of the rules read: “Any Covered Person, directly or indirectly, Betting on the outcome or any other aspect of any PGA TOUR Event, any other professional golf competition or any elite amateur golf competition (including Olympic Golf) anywhere in the world (Professional Golf Event). In this Manual, ‘Betting’ means (A) placing any money or other thing of value on the occurrence of an uncertain outcome with the expectation of return or (B) participating in any fantasy or other game that awards a prize of value, including any free-to-play, paid or daily fantasy game, unless expressly approved by the PGA TOUR.”
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.
Compliance Updates
Playson awarded ISO/IEC 27001:2022 certification
Playson, the fast-growing digital entertainment supplier, has been granted an ISO/IEC 27001:2022 certificate, reinforcing its commitment to implementing robust compliance measures.
Having previously gained an ISO 27001:2013 certificate three years ago, this updated version is key in safeguarding sensitive information and required for Playson to hold its existing licences in valuable regulated markets.
This latest development coincides with Playson’s plans to further extend its outreach across a number of regions over the next 12 months, paving the way for the supplier to enter new jurisdictions in a more streamlined way.
The accreditation was awarded by Quinel and recognises the provider’s adherence in aligning with the standards that the International Organisation for Standardisation sets, demonstrating its ability to mitigate any information security risks whilst meeting all necessary legal and regulatory requirements.
The 2022 version includes updates and revisions to better address contemporary information security risks and challenges, such as those related to cloud computing, remote working, and emerging technologies. It provides organisations with a framework for implementing and managing an effective information security management system (ISMS) to protect their sensitive information assets.
Vsevolod Lapin, Deputy CEO at Playson, said: “The transition to ISO 2022 is welcome news for the business, and shows our continued dedication to compliance and regulation. Partners can rest assured of Playson’s heightened security measures and adherence to international standards with us acquiring this certificate.
“Greece, Ontario and Sweden are vital territories for Playson, with this certification also necessary for the Swiss market, and I expect the ISO 2022 to be required for more jurisdictions in the future, so this recognition has been received at a good time as we look to strengthen our global standing.”
The post Playson awarded ISO/IEC 27001:2022 certification appeared first on European Gaming Industry News.
-
Latest News3 weeks ago
The Importance of Data Quality Review Checks in the Gaming Industry
-
Asia3 weeks ago
Onlyplay Enters into Strategic Partnership with Ritchie Rabbit
-
Africa4 weeks ago
NE Group powers 888bets launch in Angola
-
Balkans3 weeks ago
Wazdan marks Croatian market entry with PSK partnership
-
Central Europe4 weeks ago
Apparat Gaming and edict egaming announce partnership
-
Australia3 weeks ago
Tabcorp Partners with OpenBet’s Sportsbook Technology to Propel Growth and Enhance User Experience
-
Africa3 weeks ago
Hub88 partners with LiveGames to enhance content offering
-
Brazil4 weeks ago
Kiron Interactive expands Brazilian presence with EstrelaBet partnership