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Compliance Updates

ComplianceOnline rebrands to become VIXIO Regulatory Intelligence

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New name derived from ‘universal truth’ – represents company’s status as the leading provider of independent regulatory intelligence 

ComplianceOnline, the parent company of GamblingCompliance and PaymentsCompliance, has unveiled a new name and brand identity, cementing the company’s position as the leading provider of regulatory intelligence.

The rebrand reflects the company’s recent investments into its product offering to deliver faster and more intuitive solutions, and to better service customers and achieve sustainable growth.

VIXIO originates from the Latin Via, meaning path, and Axiom meaning Universal Truth, representing the company’s values, heritage and reputation as a trusted source of independent, authoritative and actionable intelligence on fast-moving regulatory developments.

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As well as introducing a new name and brand, a new website has been launched and new messaging created to better reflect how the company supports and enables its clients.

Mike Woolfrey, Chief Executive Officer at Vixio, said: “Since the very beginning we’ve helped organisations confidently manage risk by providing timely information that’s accurate, free from bias and totally independent.

“VIXIO as a brand speaks to our deep-rooted principles of truth, integrity and reliability. It illustrates our ability to be our clients guiding path, helping them find new business opportunities and gain competitive advantage. It’s a natural time for us to evolve as we develop the depth and breadth of our offering and make it easier than ever for our customers to navigate and anticipate the global regulatory environment.”

Founded in 2006, ComplianceOnline offers two core products, GamblingCompliance and PaymentsCompliance, which provide news, regulatory, legal and market analysis to industry professionals.

The business also organises the annual Gambling Compliance Global Regulatory Awards (GRA), which take place on April 22nd 2020, recognising and celebrating individuals and teams who work tirelessly to set new standards in compliance and responsible gambling.

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Winners are selected by an independent panel of expert judges led by an external independent adjudicator, ensuring the GRAs are the most high-quality and transparent awards in the gambling industry.

Nominations are now open for the 2020 awards until February 14th.

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Compliance Updates

BOS Opposes Swedish Government’s Credit Card Ban

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On Friday, the government came out with a proposal to ban the use of credit cards for gambling. The government is thus going against its own state investigation into the matter, the so-called Over-indebtedness Inquiry.

In a previous opinion, BOS has supported the Over-indebtedness Inquiry’s conclusion to continue allowing credit cards for gambling.

“It is sad that the government does not listen to its own expertise and instead proposes a ban on credit cards when gambling, contrary to what the government investigation has concluded. Interestingly, the government does not propose a corresponding credit card ban for the purchase of alcoholic beverages, which in Sweden is only offered by a retail monopoly owned and operated by the government itself,” Gustaf Hoffstedt said.

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“The government is handing yet another competitive advantage to the unlicensed gambling market, which has a 41% market share when it comes to online casino. The risk is great that unlicensed gambling will overtake and gain a larger total market share than licensed gambling in 2024. The government needs to change focus and show that it is on the same side as the licensed gambling companies and the safeguarding of consumers,” Gustaf Hoffstedt added.

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Compliance Updates

James Blake Fined for Breaching Tennis Sponsorship Rules

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Miami Open tournament director and former top 10 player James Blake was fined $56,250 for violating tennis’ rules about betting sponsorship, the International Tennis Integrity Agency announced Wednesday.

The London-based ITIA said the violation was unintentional and Blake “cooperated fully with the investigation and did not contest the charge”.

If Blake breaks the rules again during an 18-month probationary period that began on Feb. 9, the agency said he would be subject to an 18-month suspension and an additional fine of $131,250.

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The TACP rules state that: “No Covered Person shall directly or indirectly, facilitate, encourage and/or promote Tennis Betting (Facilitation).”

Karen Moorhouse, CEO of the ITIA, said: “Across our members – the ATP, WTA, ITF and Grand Slams – the rules prohibit accredited individuals from having commercial relationships with betting companies.

“This case is more a matter of perception, rather than corruption. The rules apply to players, coaches, officials and accredited tournament staff – who all have the ability to influence results or have access to inside information.

“We urge anyone in the sport who is unclear or is considering commercial deals like this to get in touch with us to seek guidance.”

The ITIA is an independent body established by its tennis members to promote, encourage, enhance and safeguard the integrity of professional tennis worldwide.

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California

California Gambling Control Commission Announces Comprehensive Agenda for Upcoming Meeting

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The California Gambling Control Commission (CGCC) has officially released the notice and agenda for its forthcoming commission meeting, set to take place on Thursday, March 7, 2024. In a move to accommodate participants from various locations and enhance accessibility, the CGCC has announced that the meeting will be held both in person and via tele/video conference.

The primary location for the in-person meeting will be at the CGCC’s headquarters in Sacramento, located at 2399 Gateway Oaks Drive, Hearing Room 100 on the first floor. Additionally, satellite locations have been established to cater to attendees in Northern and Southern California, including the Judicial Council of California’s Milton Marks Conference Center in San Francisco and the Carolyn Owens Community Center in Chino, respectively.

For those unable to attend in person, the commission is providing a Zoom link (https://zoom.us/j/2857578614) and a toll-free call-in option (1-888-475-4499, Meeting ID: 285 757 8614), ensuring widespread participation. The CGCC emphasizes that public participation is strongly encouraged, recommending virtual attendance through Zoom for convenience, although in-person attendance is welcomed, particularly at the Sacramento primary location.

The agenda for the meeting is packed with critical discussions and deliberations, starting promptly at 10:00 a.m. Key items include the approval of meeting minutes, consideration of initial and temporary licenses for third-party proposition player services employees, and key employee findings of suitability in line with tribal-state gaming compacts. The meeting will also address renewal applications for key employee licenses and commission work permits among other consent calendar items.

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This comprehensive meeting underscores the CGCC’s dedication to transparency and public involvement in its regulatory duties. It offers an opportunity for professionals in the gambling sector, stakeholders, and the general public to engage directly with the commission’s activities and decisions affecting the gambling landscape in California.

For more details on the agenda and how to participate in the meeting, please visit the CGCC’s official website at www.cgcc.ca.gov.

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