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Compliance Updates

Stakelogic Live now broadcasting in the UK

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Stakelogic Live continues to establish itself as a leading provider of premium live casino content in core regulated jurisdictions after being awarded a supplier licence by the UK Gambling Commission, allowing it to enter the market for the very first time.

Stakelogic Live is already certified in Malta and the Netherlands and has built a varied portfolio of live casino games across blackjack, roulette, money wheel and slots.

Stakelogic Live is streamed out of dedicated studios in Malta and the Netherlands, which include high-definition cameras, powerful microphones and the latest broadcast and streaming technologies to deliver an engaging and entertaining experience at all times. This has been proven by several of Stakelogic Live’s esteemed clients, such as Unibet, Toto, Betcity and Kansino, who have Dutch-speaking dedicated studios which run 24/7.

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Each table is set against a glamorous and opulent background, creating an authentic casino atmosphere. Highly trained dealers host each table and interact with players throughout to ensure they feel like VIPs from their first game round to their last.

Stakelogic Live has also brought several innovative concepts to the live dealer space, including Super Stake. This was first developed by parent company Stake Logic to turbo-charge the gameplay in its classic slots and modern video slots but is now available on select live games.

Super Stake allows players to effectively double their bet to increase the chance of a bonus feature triggering and insane win combinations landing. There is nothing else like it in the live casino market.

With its UK Gambling Commission permit in hand, Stakelogic Live will roll out its suite of games with big-name operators active in the market, just as it has done in the Netherlands and Malta jurisdictions where it has partnered with the likes of Unibet.

Stephan van den Oetelaar, CEO of Stakelogic, said: “This is a pivotal milestone on our journey to becoming the leading provider of live casino content to operators in regulated markets around the world.

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“The UK is often seen as the benchmark for regulation, so it is a testament to the quality of our games that we have secured the required approvals to enter the market and help operators take their live casino proposition to the next level.

“Our live dealer titles really are a cut above those of our rivals, allowing operators to strengthen their live casino offering with games that engage and entertain in equal measure. We have had great success in other regulated markets and expect the same in the UK.”

He also added: “I am incredibly proud of the entire Stakelogic Live team for working together to secure our UK Gambling Commission licence. We believe this will be a major market for us and look forward to seeing players enjoy the compelling experience our live dealer titles provide.”

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Compliance Updates

Montenegro’s evolving legal landscape: recent amendments and controversies in games of chance regulation

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Montenegro’s Law on Games of Chance (the “Law”) was enacted in 2004 and has undergone multiple amendments since. The most recent ones came into effect on 1 January 2024.

The aim of the amendments, as stated by the competent authorities, is to ensure a sustainable regulatory system for organising games of chance via the internet or other telecommunication means, as well as to generate additional revenue from these activities. This objective is to be achieved through measures aimed at establishing a variable concession fee for the organisation of online games of chance, a provision not envisaged in the prior legal framework in this area. Another measure to achieve the set goal is to introduce a ban on participation in foreign games of chance via the internet and other telecommunication means for which bets are paid on the territory of Montenegro.

To achieve these objectives through the proposed measures, several amendments to the Law have been proposed and adopted:

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  • The concept of organising games of chance through the internet or other telecommunication means has been clearly defined for the first time.
  • A ban has been introduced on participation in foreign games of chance for which bets are paid within the territory of Montenegro, regarding the organisation of internet betting. Therefore, the competent authorities are now obliged to restrict access to the websites of gaming organisers who accept payments for games of chance from players in Montenegro, through the blocking of IP addresses by an independent regulatory body in the field of electronic communications, as well as the prohibition of all types of payments to foreign organisers. Furthermore, the competent authority is required to maintain and publish a list of unauthorised online gaming organisers ex officio.
  • A higher annual fixed fee per casino has been introduced, now amounting to EUR 100,000 instead of the previous EUR 50,000. Additionally, the variable fee for organising games of chance in casinos has increased from 10 % to 15 % of the base.
  • A prohibition on organising games in residential-commercial buildings has been introduced.
  • A new regulatory framework has been established for the organisation of games of chance on the internet. The most significant changes involve defining the conditions and methods of player registration and identification, as well as establishing the obligation to pay the variable portion of the concession fee for organising betting games of chance over the internet, as well as for organising games of chance in virtual casinos and online slot games. The fee is calculated at a rate of 10 % of the base, which consists of the total amount of stakes reduced by the value of payouts and is paid by the fifteenth of the month for the previous month. The fixed part of the concession fee amounts to EUR 10,000 for all the aforementioned types of games of chance organised over the internet. Additionally, with the introduction of the new Article 68f of the Law, it is stipulated that payments for organising games of chance over the internet can only be made through payment cards or at the premises where games of chance are organised in accordance with the Law.

The new legislative solution has not escaped scrutiny from interested market participants, especially regarding the controversial Article 68f. There has been particular attention in the public sphere to the reactions of associations of gaming organisers, which, through various reviews, have questioned the justification, sustainability and legality of the provision stipulating that payments for organising games of chance over the internet can only be made through payment cards or at the premises where games of chance are organised.

In response to the reaction of the association of gaming organisers, a petition was initiated, gathering over 25,000 signatures. An initiative was subsequently submitted to the Montenegrin Parliament to repeal Article 68f. In addition, another initiative was lodged with the Constitutional Court of Montenegro to review the constitutionality of Article 68f.

The competent authorities are currently processing these initiatives. Meanwhile, legal experts and the general public eagerly await more answers to these legally and practically intriguing questions in the coming period.

Source: schoenherr.eu

The post Montenegro’s evolving legal landscape: recent amendments and controversies in games of chance regulation appeared first on European Gaming Industry News.

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Compliance Updates

Wisconsin Division of Gaming Awards Genius Sports Sports Betting Contractor License

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Genius Sports Limited, the official data, technology and commercial partner that powers the ecosystem connecting sports, betting and media, announced that it has been certified by the State of Wisconsin Division of Gaming as a gaming-related contractor with immediate effect.

With the addition of Wisconsin, Genius Sports now holds 50 licenses or equivalent, or is otherwise permitted to operate, in North America across the U.S. states, territories, tribes and Canada powering award-winning official data, streaming, and marketing solutions for leading sportsbooks and lotteries.

“We are honored that the State of Wisconsin Division of Gaming has authorized Genius Sports to provide state-licensed sportsbooks with access to our groundbreaking NFL products and media solutions. As the majority of U.S. states legalize sports betting, Genius Sports welcomes the opportunity to work with states like Wisconsin, on providing sports fans with our exclusive official NFL sports data-powered solutions for betting,” Mark Locke, CEO of Genius Sports, said.

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Bulgarian National Revenue Agency, the State Agency for National Security and the Gambling Operators Join Forces Against Money Laundering and Terrorist Financing

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The Bulgarian National Revenue Agency, the Specialised Administrative Directorate “Financial Intelligence” of the State Agency for National Security and branch organisations of the organisers of gambling operators will join efforts against money laundering and the financing of terrorism. This became clear during a working meeting, which took place on March 20 at the invitation of the Director General of the National Revenue Agency Rumen Spetsov, and his deputy Georgy Dimov.

The participants discussed the possibilities for the branch organisations of gambling operators to monitor the implementation of measures against money laundering and the financing of terrorism by their members. The talks also discussed changes in normative and sub-normative acts regulating the activity in the sector, which would lead to better accountability and guaranteed protection of the public interest.

During the meeting, it was decided that representatives of the National Revenue Agency would discuss with the branch gambling organisations issues related to the implementation of normative and sub-normative acts, providing guidelines for the correct fulfilment of obligations by gambling operators.

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“The National Revenue Agency is partner-oriented and is available to assist businesses in fulfilling their obligations by the current legislation. We highly value the commitment of industry gambling organizations in the prevention and effective fight against money laundering and terrorist financing,” said Rumen Spetsov – Director General of the National Revenue Agency.

The post Bulgarian National Revenue Agency, the State Agency for National Security and the Gambling Operators Join Forces Against Money Laundering and Terrorist Financing appeared first on European Gaming Industry News.

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