Compliance Updates
Wyoming Lawmakers Propose iGaming Expansion to Add Online Casino Wagering
Wyoming lawmakers are exploring the addition of online casino wagering to the state’s gaming market with the introduction of House Bill 120. Sponsored by Rep. Jon Conrad, Robert Davis, and others, the bill aims to authorize iGaming in the Equality State, building upon the established gaming market fostered by Gov. Mark Gordon’s signing of sports betting measure House Bill 133 into law in 2021.
HB 120, introduced last week, proposes to regulate iGaming in Wyoming through the state’s Gaming Commission, which would be empowered to issue up to five interactive gaming operator permits. Operators seeking permits would need to pay an initial fee of $100,000, renewable every five years. Renewals would cost $50,000, with vendor permits requiring an initial fee of $10,000 and a five-year renewal fee of $5000.
The bill also allows operators in Wyoming to enter into reciprocal agreements with other jurisdictions, leveraging the state’s population of 584,000, the lowest in America. Revenue generated from statewide wagering would be subject to a 10% tax rate, with HB 120 stipulating that $300,000 of annual tax revenue should be allocated to problem gambling programs.
Wyoming’s move to consider iGaming follows a trend seen across the country, with other lawmakers also exploring similar initiatives. In Illinois, House Bill 2239 has been introduced to pave the way for iGaming by granting licenses to operators for an initial fee of $250,000. These licenses would allow operators to offer up to three skins, with annual renewals costing $100,000.
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
-
Australia4 weeks ago
Tabcorp Partners with OpenBet’s Sportsbook Technology to Propel Growth and Enhance User Experience
-
Balkans4 weeks ago
Wazdan marks Croatian market entry with PSK partnership
-
Central Europe4 weeks ago
Apparat Gaming and edict egaming announce partnership
-
Africa4 weeks ago
Hub88 partners with LiveGames to enhance content offering
-
Brazil4 weeks ago
Kiron Interactive expands Brazilian presence with EstrelaBet partnership