Compliance Updates
NETHERLANDS DELAYS LEGALISING ONLINE GAMBLING
Joy broke out when the Netherlands finally decided to legalize online gambling. It all went south when it was later stated that the market launch for regulated online gambling has been delayed until July 2021. The decision was made to permit the government enough time to create secondary gambling legislation. The country’s Minister of Justice and Security, Sander Dekker, announced the delay to the Netherlands’ lower house of parliament. The amended Remote Gambling Act is now set to take effect on the 21st of January, 2021.
Kansspelautoriteit (KSA), the official Dutch gambling regulation had earlier stated that it would begin to accept online license applications from operators after the enactment of the RGA. These applications would have to be processed for six (6) months before being fully ratified. This has led to the inevitable delay in the online market launch. You can get a full-time experience at onlinecasinohex.nl, where we offer the best of online gambling and casino games.
On the bright side, some legislators tried to move for the absolute ban on gambling advertising. The minister rejected this view. He had this to say;
“…restricting gambling advertising is…not in itself an objective of the current Dutch gambling policy.”
Dekker further stated that placing a ban on advertising would only have negative impacts on the government’s desire to help locally-licensed gambling sites gain traction. He, however, stated that there are plans for the government to strengthen the existing rules on advertising in the Netherlands. Some of these rules include regulated time-frame for advertising through certain media platforms, limited bonus offers, restrictions on behavioral targeting as well as limited celebrity endorsement.
The Kansspelautoriteit (KSA) will not be granting the licenses of prospective online gambling operators who have not displayed a functional age-verification system. The government is particularly interested in restricting the participation of under-aged customers to zero percent. The government made this a compulsory requirement after it was discovered in 2018 that underaged customers were easily gaining access to the state-run Nederlandse Loterij’s Toto Sports betting product. The Nederlandse Loterij thereafter upgraded its age-restriction processes. As such, Dekker gives prospective online gambling operators to be at alert. The minister expressly stated that the failure of any company to comply with this will not only amount to the rejection of their license application, but it would attract the full weight of the KSA’s enforcement procedure.
Due to the coronavirus, there has been a national lockdown of all physical gambling venues nationwide. This has left a vacuum in the market. This also has led to a delay in the legalization of online gambling. Ironically, other international online gambling sites have been offering their services to Dutch customers without a license. It, therefore, becomes necessary that so much attention is given to the ratification of the new laws.
CONCLUSION
Technology makes life without physical contactless awful. Everything done physically can be done online. But, the restriction of online gambling activities in the Netherlands would lead to a diversion of local funds to an unregulated international market.
GoldenRace, global provider of award-winning Virtual Sports and betting solutions, has recently obtained a certification for its highly acclaimed Virtual Sports and Games in the Dutch market.
GoldenRace successfully navigated the stringent regulatory landscape of the Netherlands, and now will be providing its impressive betting products into the Online Dutch market, which will be an important advancement in our operational expansion.
The Netherlands betting scene is on the cusp of a substantial growth phase and with GoldenRace’s latest certification, we introduce to the Dutch market a range of highly popular games tailored to desktop and mobile, in both scheduled and on-demand modes.
Among the offer, players will enjoy our most-played Virtual Football line-up – including Football Single, Leagues, World Cup and Euro Champions-, adrenaline-pumping 3×3 Basketball and MMA and top-notch races as Horse Racing, Greyhound Racing and Grand Prix Indianapolis 60. Last but not least, our Number Games, such as Spin2Win. All ready to captivate Dutch players.
The post GoldenRace is now certified in the Netherlands appeared first on European Gaming Industry News.
The Philippine Amusement and Gaming Corporation (PAGCor) today welcomed its new President and Chief Operating Officer, lawyer Wilma Eisma, who took her oath of office before Executive Secretary Lucas Bersamin in Malacanang this morning.
“We are happy to welcome Atty. Wilma Eisma as PAGCor’s new President and Chief Operating Officer,” PAGCor Chairman Alejandro Tengco said. “We know she will be a great asset and her vast experience in both the government and private sectors will surely be put to good use here.”
Tengco said he witnessed Eisma’s oath-taking in Malacanang this morning. She then immediately joined her first PAGCor board meeting in the afternoon as the agency’s first ever woman President and Chief Operating Officer.
A lawyer by profession, Eisma earned her law degree from the Ateneo de Manila University and was a member of the Board of Directors of the Development Bank of the Philippines before joining the state gaming firm.
Prior to that, she also served as the first woman Administrator and Chairman of the Subic Bay Metropolitan Authority (SBMA).
Her private sector stints include leadership roles in PMFTC Incorporated, the Philippine affiliate of Philip Morris International.
She also held key positions at the Department of Trade and Industry where she worked at the Office of the Secretary and in the Office of the Majority Leader in the House of Representatives, among others.
Eisma succeeded Atty Juanito Sanosa Jr who resigned as PAGCor President and Chief Operating Officer last January.
The post PAGCor Welcomes Lawyer Wilma Eisma as New President and Chief Operating Officer appeared first on European Gaming Industry News.
The Malta Gaming Authority would like to inform its licensees of updates made to the Incident Report mechanism available through the Licensee Portal The information hereunder outlines relevant guidance and procedures for the submission of an Incident Report through the updated reporting instrument entitled the ‘Technical – Information Security Incident’.
As mandated by Articles 37(2)(c) and (d) of the Gaming Authorisations and Compliance Directive (Directive 3 of 2018), “Licensees shall notify the Authority forthwith, and in any case no later than three (3) working days after, the following:
(c) Any breach of the licensee’s information security that adversely affects the confidentiality of information relating to players;
(d) Any breach of the licensee’s information security that precludes players from accessing their accounts for a period exceeding twelve (12) hours.”
In this regard, Licensees are obliged to submit an Incident Report in order to notify the Authority of the circumstances relating to an information security breach that meet the above specified criteria. Additionally, Licensees are advised to remain mindful of any further obligations emanating from the General Data Protection Regulation (EU/2016/679) and any relevant legislation.
The Technical – Information Security Incident option will be accessible through the “New/Change” dropdown menu via the Portal. Upon selection, users will be directed to the applicable sections of the ‘Technical – Information Security Incident’ where all compulsory fields and any relevant documentation must be submitted to the Authority.
Upon submission, the Incident Report shall undergo review by the Authority. Any missing information that may be identified by the Authority, shall be requested accordingly from the Licensee. It is imperative that any pending clarifications are addressed in a timely manner.
If no further clarifications are deemed necessary by the Authority, the Incident Report will be closed off accordingly, and any relevant documentation will be securely filed for record-keeping purposes.
Any Incident Reports left in ‘Draft’ form (i.e. opened but not effectively submitted) for a period of ninety (90) days shall be automatically discarded.
The post MGA: Update to the Incident Reporting Requirements appeared first on European Gaming Industry News.
-
Africa4 weeks agoA Comparative Analysis Of Land-Casinos and Online Casinos in South Africa 2024
-
Latin America4 weeks agoPeru Gaming Show Announces Expansion
-
GAT Expo Colombia4 weeks ago
R. Franco and R. Franco Digital to present latest products at 25th anniversary of GAT Expo Colombia
-
Australia3 weeks agoCrown Approved to Retain its Melbourne Licence
-
GAT Expo3 weeks agoPragmatic Play Prepares for GAT Cartagena Gaming Week 2024
-
Africa2 weeks ago
BMM Testlabs Continues Its Expansion in Africa with New Licenses in Botswana and Nigeria to Test Land-Based and Digital Products
-
Australia4 weeks agoRabbitohs and Bulldogs Pledge Three More Years to Tackle Sports Betting Advertising
-
Compliance Updates2 weeks ago3 Oaks Gaming extends European reach with Romania licence
