Compliance Updates
Swedish regulator gives Stakelogic its seal of approval
Provider’s slots and live dealer titles given the green light by the Swedish Gambling Authority ahead of expected change to regulations
Stakelogic is among the first suppliers to secure a licence from the Swedish regulator, Spelinspektionen, allowing it to continue to offer its classic and video slots to operators in the market.
The provider’s live dealer subsidiary, Stakelogic Live, has also been given the green light by the Swedish Gaming Authority to continue to serve operators in the market.
Stakelogic is among the first suppliers to be granted a permit ahead of the expected change to regulations set to come into force later this year that will require all providers to have been approved by Spelinspektionen.
This means that operators will be able to offer their players Stakelogic’s full suite of classic slots that have been designed to stir a sense of nostalgia while still getting player pulses racing with plenty of big win potential.
These games are all about the instantly recognisable fruit symbols such as oranges, grapes, melons and cherries, as well as the BARs, Bells and 7s, that land on the reels. This is combined with Wilds, Multipliers and even Free Spins.
Popular Stakelogic classic slots available to operators in Sweden include Multi6Player, Big Runner Deluxe and Multi4Player.
In addition, the provider’s full portfolio of explosive video slots is also available to operators in the market. This includes Cash Express, Wild Buzz, El Cowboy Megaways, Devil’s Trap, Diamond Staxx MultipaysTM and the just-launched Spartans Vs Zombies Multipays and Greedy Fox.
Stakelogic Live’s premium live content has also been approved, allowing operators to offer their players the most authentic, interactive and engaging experiences in the market. Games cover American Blackjack, European Roulette and Live Game shows such as the newly released Runner Runner Roulette 5000X.
Both its slots and live dealer titles come hooked up to innovations such as Super Stake. This allows players to double their bet to increase the chance of a bonus triggering and insane win combinations landing.
Stephan van den Oetelaar, CEO at Stakelogic, said: “Sweden is an important market for us, and we are thrilled to be among the first to secure a supplier licence for both Stakelogic and Stakelogic Live.
Our games have really hit the mark with players in Sweden, and securing approval from the regulator means that we can continue to offer our slots and live content to operators and their players once the expected regulatory change comes into force.
We are super focused on regulated markets, so securing this approval has been a priority for us and we are delighted to be among the first round of providers to have been given the green light by the regulator.”
Leading sportsbook technology provider ready to deliver premium virtual sports offering to local operators
Altenar has achieved a significant milestone in its LatAm expansion by securing a new certification to offer sportsbook and RGS, including virtual sports in Brazil.
This development underscores Altenar’s commitment to providing cutting-edge and engaging sportsbook solutions in regulated markets, and follows a string of landmark deals with industry leaders, such as Inspired, Kiron, Leap and Sportradar.
To achieve the certification, Altenar underwent a thorough evaluation process, demonstrating the provider’s dedication to compliance and its ability to meet the stringent requirements of the Brazilian market.
The integration of virtual sports from renowned providers will further enhance Altenar’s comprehensive platform, offering a dynamic and exciting vertical for Brazilian players that can be enjoyed 24/7.
Dinos Doxiadis, Director of Product – Sportsbook and Data at Altenar, said: “We are thrilled to achieve certification for virtual sports in Brazil. This marks another significant step in our growth across Latin America and reinforces our commitment to the burgeoning region.
“By joining forces with some of the industry’s most renowned providers, we are confident in our ability to deliver an unparalleled virtual sports experience to operators and players in Brazil. This offering will complement our existing sportsbook solutions and provide further opportunities for engagement and growth in this key market.”
The post Altenar gains ground in Brazil with virtual sports certification appeared first on Gaming and Gambling Industry in the Americas.
The Dutch Gaming Authority (KSA) has warned 711 BV, a provider of online games of chance, for showing gambling ads on a website aimed at minors. The warning followed a report from a parent who saw an advertising banner from 711 on a website linked to homework assignments from primary schools.
By law, gambling providers are not allowed to advertise to vulnerable groups, including minors. This form of advertising is considered by the KSA to be very harmful and therefore a serious violation. Taking action against such advertising and taking extra care to protect minors and young adults will be a priority for the KSA in 2025.
The 711 advertising campaign was carried out by an external partner. This party placed banners on various websites, including sites that are (partly) aimed at minors. In a conversation with the KSA, 711 indicated that it had already discovered this itself after an internal investigation and had taken measures to prevent recurrence. The provider did not report this, but should have done so: licensees are obliged to inform the KSA of errors on their part that could pose a danger to consumers.
The KSA dealt with the violation with a warning, because 711 itself had discovered and ended the violation and taken measures to prevent recurrence.
The post Dutch Regulator Issues Warning to 711 BV appeared first on European Gaming Industry News.
The UK Gambling Commission (UKGC) has issued a warning to operators, reminding them that failure to submit regulatory returns on time may lead to penalties and further enforcement actions.
The warning follows a spate of fines against operators who have failed to submit a regulatory return in the required timeframes for each type of activity for which they hold a licence.
Since October more than ten businesses have been fined up to £750 for not correctly completing and submitting regulatory returns within the required timeframe.
John Pierce, Commission Director of Enforcement, said: “Despite early engagement and the issuing of advice notices, further failures to comply with the regulatory returns process were identified in these cases. Operators are expected to understand their reporting obligations and must ensure returns are submitted on time via our online portal.”
“Repeated breaches and persistent non-compliance is likely to result in escalating enforcement action.”
On 1 July 2024, Licence Condition 15.3.1 – General and regulatory returns of the Licence Conditions Codes of Practice was updated to require all licensees to submit regulatory returns on a quarterly basis replacing the previous annual basis.
The next quarterly returns are due by 28 April 2025 and can be submitted via the eServices digital service on the UKGC’s website.
The post UKGC Warns Operators Over Late Regulatory Returns appeared first on European Gaming Industry News.
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