Compliance Updates
UAE May Grant One Casino License to Each of its Seven Emirates, New Report Says
The United Arab Emirates (UAE) is considering granting one casino license to each of its seven emirates in an effort to tap the lucrative gaming tourism market while keeping the industry’s growth under control, according to a new report.
But there is no guarantee each emirate would make use of its license, with Dubai said to be putting any immediate thoughts of introducing casinos on hold for now.
The report comes after the UAE revealed in early September the establishment of an official gambling regulator – the General Commercial Gaming Regulatory Authority (GCGRA) – to be led by former MGM Resorts CEO Jim Murren and tasked with introducing a regulatory framework for commercial gaming as well as a national lottery.
Leading US casino operator Wynn Resorts is already developing what looks certain to become the UAE’s first integrated resort with gaming on the man-made Al Marjan Island in Ras Al Khaimah. The $3.9 billion resort, due to open in 2027, will feature a luxury hotel with more than 1000 rooms, a high-end shopping mall, state-of-the-art meeting and convention facility, an exclusive spa, more than 10 restaurants and lounges, an array of entertainment choices and other amenities.
Also looking at introducing casino gaming is Abu Dhabi, the report says, with Yas Island – home to the Yas Marina Formula One Circuit among other attractions – among the main sites being considered.
As for Dubai, any alleged reluctance hasn’t deterred MGM Resorts, which is developing a 1500-hotel near the emirates’ famous Burj Al Arab building and has made no secret of its desire to add gaming.
Speaking at a conference session during G2E in Las Vegas last month, MGM CEO and President Bill Hornbuckle said: “We’re very progressive and excited by what could happen there. We think there’ll be three or four (casinos) in the emirates. It’s up to each ruler to decide what they want to do and where they want to do it. We’re positive. I’d love to be in Dubai with an operating company that has a casino in it, but one step and one day at a time.”
Compliance Updates
The Danish Gambling Authority Will Have More Response Options with Amendment of the Gambling Act
On 2 May, the Danish Parliament adopted the Act on Amendment of Act on Gambling. Among other things, the amendment of the Gambling Act means that the Danish Gambling Authority from the 1st of July 2024 will have more response options i.e., options to issue orders and reprimands.
Until last month, the Danish Gambling Authority had the option to warn the licence holder or report it to the police when the Danish Gambling Authority found a breach of the gambling legislation.
However, in the future, when the Danish Gambling Authority finds a breach, the Danish Gambling Authority can issue an order and/or a reprimand. If the licence holder fails to comply with the order or does not meet the deadline, the breach may result in a report to the police or the licence may be revoked.
The amendment of the Act also means that the Danish Gambling Authority must publish court rulings where the outcome is a verdict of guilty or a partial verdict and fines issued for breaches found after 1 July 2024 on the Danish Gambling Authority’s website for five years.
On Spillemyndigheden.dk, you will find a full list of all reactions issued by the Danish Gambling Authority. You will find the list “Rulings and reactions” under “News” in the menu. The list enables you to filter by type of reaction and field of law.
The post The Danish Gambling Authority Will Have More Response Options with Amendment of the Gambling Act appeared first on European Gaming Industry News.
Edict egaming has received approval from the Alcohol and Gaming Commission of Ontario (AGCO) to provide its games for the online casino market in the Canadian province. This applies to both the German edict egaming GmbH and Edict Malta Limited. From now on, the Merkur Group subsidiary will be able to offer its popular Merkur slots in one of the largest North American markets.
“We are delighted to have received AGCO approval for our Merkur games in Ontario. This is definitely a big step for edict and we are very excited to showcase ourselves to new audiences on the global stage in this dynamic market,” Dominic-Daniel Liénard, CEO of edict egaming GmbH, said.
The AGCO is working with the Government of Ontario and iGaming Ontario (iGO) to establish a new online gaming market that helps protect consumers gambling through private gaming companies. This license certifies that edict operates within the framework of strict laws and meets the requirements for responsible gaming.
Compliance Updates
Malta Gaming Authority Reminds Licensees to Notify Material Outsourcing Within 30 Days
The Malta Gaming Authority (MGA) has issued a reminder to licensees regarding the necessary compliance procedures for outsourcing activities related to material supplies, critical supplies and key functions.
According to the Gaming Authorisations and Compliance Directive, licensees must adhere to the Policy for Outsourcing by Authorised Persons. Licensees are required to notify the MGA within 30 days when outsourcing material supplies.
For outsourcing activities deemed to be critical supplies or critical services, prior approval from the Authority is mandatory. This approval must be secured before entering into any agreements, MGA said in a statement.
Outsourcing requests should be submitted through the “Operational – Outsourcing Arrangements” application on the Licensee Portal. Key Function applications need to be submitted directly by the respective Key Person via the “Personal Portfolio” on the Licensee Portal.
Furthermore, if licensees require the MGA’s formal approval for any outsourced business arrangements with third parties, known as “Shared Conduct Agreements,” a specific procedure must be followed to obtain this approval.
The post Malta Gaming Authority Reminds Licensees to Notify Material Outsourcing Within 30 Days appeared first on European Gaming Industry News.
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