Compliance Updates
FullCircl Launches Financial Vulnerability Solution in Response to New Gambling Commission Regulation
W2 by FullCircl, the single identity verification platform helping gambling operators grow faster with compliance solved, has announced the launch of a market-first Financial Vulnerability Solution, designed to immediately take the pressure off operators ahead of the Gambling Commission’s new player safety regulations, which come into force on 30th August 2024.
The new solution, delivered rapidly via seamless API integration, helps gambling operators deliver a safer environment for players, identify and mitigate possible harm, and boost both regulatory compliance and corporate social responsibility. It provides the widest range of financial, lifestyle, and vulnerability data currently available, to help operators implement the new light-touch checking regime before the deadline – including CCJs, IVA, banckruptcy, debt and credit data, income and affordability verification, and a range of vulnerability indicators. Combining and matching data assets from multiple sources to build a single customer view and clear picture of risk, with minimal impact on player experience.
The solution launches with the backing of one of the largest independent bookmakers in the UK. The operator immediately reaped the benefits of aligning to the new legislation, getting ahead of the competition when it comes to player protection, and creating a safe, enjoyable, efficient, and socially responsible betting experience.
The new checks form part of the Gambling Commission’s planned roll out of widespread regulatory reform aimed at increasing safety and customer choice across the sector. The new light-touch checks must be conducted for all players with £500 net deposits in a rolling 30-day period.
Speaking about the launch, Andrew Yates, CEO at FullCircl commented: “The new financial vulnerability requirements put increased pressure on gambling operators to better identify and support customers who are susceptible to harm. Technology has a key role to play in implementing these important reforms, and I’m delighted that as a global leader in player identity verification FullCircl is once again leading the way. We’ve taken the complexity out of compliance, assisting operators to quickly, comprehensively, and cost-effectively check every player that meets the threshold for light-touch vulnerability checks. Operators leveraging W2 by FullCircl are protecting customers and building a complete view of affordability, whilst delivering a frictionless customer experience.”
The post FullCircl Launches Financial Vulnerability Solution in Response to New Gambling Commission Regulation appeared first on European Gaming Industry News.
Compliance Updates
JCM Global Awarded License by New Mexico Gaming Control Board
JCM Global (JCM) has successfully passed regulatory review and is now licensed by the New Mexico Gaming Control Board. This license enables JCM to sell and service customers directly throughout the state.
This license is the latest in JCM’s wide array of awarded gaming licenses across North America and around the world and underscores JCM’s commitment to holding itself to the highest regulatory standards. JCM now maintains more than 170 active gaming licenses.
“Achieving this licensing in New Mexico clearly demonstrates that JCM is willing to meet our customers where they are. Our mission is to give every customer the best possible service and support, and now we can provide that directly for our industry leading transaction and automation solutions throughout New Mexico instead of through third party vendors,” said Dave Kubajak, JCM Global SVP Sales, Marketing, and Operations.
JCM provides a broad range of products to casinos in New Mexico including iVIZION and UBA Pro bill validators, GEN5 thermal printers, ICB Intelligent Cash Box System, FUZION system with AML monitoring, and DSS Digital Signage Solutions.
Compliance Updates
Vixio Launches Game-Changing Online Casino Technical Compliance Tool
Vixio, a leading provider of regulatory intelligence solutions, has launched the newest RegTech solution for the gambling industry: the Vixio Technical Compliance Tool. The brand new Technical Compliance Tool gathers all the must-know technical requirements for online casino providers and operators in regulated markets in a consistent format, saving countless hours of manual research.
“At Vixio, we’ve always prioritised listening to our customers, and the launch of our Technical Compliance Tool is a direct response to their needs,” explained Mike Woolfrey, CEO, Vixio. “We understand the complexity and urgency of staying compliant in a rapidly evolving industry, and this Technical Compliance Tool will help our customers accomplish that simpler and quicker than ever before.”
The long-awaited launch of the Technical Compliance Tool comes as a result of customer feedback for a one-stop solution for technical requirements in the online casino industry. Online casino suppliers are seeking to capitalise on opportunities to enter newly regulated markets across multiple regions and speed up new game development while balancing an increasing burden on compliance teams to ensure product and regulatory compliance. Regulations and technical requirements vary greatly from jurisdiction to jurisdiction, and with speed-to-market of paramount importance, compliance teams face increasing pressure to act quickly whilst avoiding errors.
“With our Technical Compliance Tool, we’re providing a solution that empowers our customers to confidently expand into new markets, knowing they have the most up-to-date and comprehensive regulatory intelligence at their fingertips,” said James Kilsby, Chief Analyst, Vixio.
Kilsby continued, “The technical compliance landscape for online casino games has become significantly more complex in recent years as European regulators have imposed stricter requirements on game design at the same time that North and Latin American markets have offered significant new opportunities for suppliers and operators to grow their businesses. The Vixio Technical Compliance Tool ensures compliance teams can continue to meet these two challenges.”
Providing a comparative view of over 65 of the most critical technical requirements that impact the development, deployment and certification of online casino games across the world’s largest and strategically important regulated markets, with source references in their original language and English translations, the tool initially covers regulations for 26 jurisdictions in Europe, North America and Latin America, including Brazil.
The Technical Compliance Tool will sit within Vixio’s flagship platform, GamblingCompliance. Vixio GamblingCompliance is trusted by leading gambling brands for insights into specific requirements in 180+ jurisdictions to stay current with the ever-evolving gambling regulatory landscape and support strategic growth objectives.
It has already been beta-tested by a select group of Vixio customers and will be officially launched today at an exclusive industry event in London.
The post Vixio Launches Game-Changing Online Casino Technical Compliance Tool appeared first on European Gaming Industry News.
Australia
Dr Marla Royne Stafford Named First Conference Chair for 2025 Regulating the Game conference in Sydney
Leading gambling law and regulation conference Regulating the Game, to be held from 10 to 13 March 2025 in Sydney, has announced Dr Marla Royne Stafford as its first Conference Chair for the event.
Chairing a day of the conference provides an opportunity for industry professionals and regulators to offer unique insights and perspectives, steward the conversation to highlight critical points and stimulate an exchange of ideas and discussions.
Dr Stafford is Professor of Marketing in the Lee Business School at University of Nevada-Las Vegas. She is also a Faculty Scholar with the UNLV International Gaming Institute, Director of Research for the Cannabis Policy Institute and past Executive Associate Dean of Academic Affairs at the Harrah College of Hospitality.
She is a past William F. Harrah Distinguished Chair, a member of the Board of Advisors for the Nevada Council on Problem Gambling and is currently serving as a guest editor for an upcoming special issue of the UNLV Gaming Research and Review Journal. She is an expert in the responsible gambling arena and her work includes projects with the American Gaming Association and AMZC Limited.
“I am deeply honored and excited to serve in this leadership role at the 2025 Regulating the Game Conference. The Conference is one of the premier annual events in the gaming world, featuring thought leaders and stimulating important discussions in a fast-moving industry. It is truly a privilege to be part of the organizing committee and help advance the needed conversations in policy, regulation, leadership, ethics and the future of the industry,” Dr Stafford said.
Paul Newson, Principal at Vanguard Overwatch, said: “The fact that we are attracting such distinguished figures to Chair a day of Regulating the Game is a clear testament to the conference’s expanding influence and significance in the industry. It’s an exciting time as we continue to bring together the brightest minds to shape the future of gambling regulation.”
Regulating the Game is looking for more candidates to Chair in 2025, specifically seasoned professionals with experience in the gambling sector and regulation, compliance, policy or related fields. The event provides regulators, industry executive or thought leaders this the chance to make a significant impact at one of the industry’s most influential events.
The post Dr Marla Royne Stafford Named First Conference Chair for 2025 Regulating the Game conference in Sydney appeared first on European Gaming Industry News.
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