Compliance Updates
ThrillTech secures UK licence, unveils unique jackpot solution to regulated UK operators
Leading jackpot specialist ThrillTech is excited to announce it has secured a remote operating licence from the UK Gambling Commission.
The UK licence, widely considered the gold standard of European gambling regulation, is the latest award in ThrillTech’s commitment to compliance across the region.
The UKGC remote gambling software licence will be added to the company’s long list of European licences alongside Sweden, Romania, Malta and The Netherlands. The UK licence award also follows the recent granting of ThrillTech’s ISO 27001 certification.
ThrillTech’s groundbreaking jackpot solution, ThrillPots, is now available to UK operators, who can take advantage of the additional monetisation stream to boost GGR by up to 10%.
ThrillTech head of business development Faye Williams said: “The UK is a major market for us and we can’t wait to partner with local operators to launch bespoke jackpots in this region. The first ones are already on the way.
“As our main proposition is player-funded jackpots, we are always keen to stay ahead of the regulatory curve, while adhering to the gold standard of iGaming industry compliance.”
For example, ThrillTech developed a bespoke version of its proprietary jackpot algorithm to meet the UK market’s age-gaited stake limits for online slots, which came into force in April.
The company has also created a truly advanced multi-currency system, while linked jackpots are the latest additions to the ThrillTech feature portfolio.
“Innovation can never stop,” said Williams. “Following this latest licence award, we promise to keep pushing the limits of product performance. ThrillTech was built for the next stage of the iGaming industry.”
ThrillTech will announce its first two UK clients in the coming weeks.
ThrillTech’s ambitious expansion strategy hopes to see the company licensed in 10 global jurisdictions by the end of the year, with multiple certificates in additional markets.
Founded just two years ago, Cyprus-headquartered ThrillTech has gone from strength to strength, improving the player experience by building on its core work of monetisation and retention.
The post ThrillTech secures UK licence, unveils unique jackpot solution to regulated UK operators appeared first on European Gaming Industry News.
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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