Compliance Updates
Dutch Regulator Issues Fine to Shark77
Dutch gambling regulator Kansspelautoriteit (KSA) has issued a fine to Malta-licensed Shark77 for operating in the Netherlands without the relevant licence.
Shark77, which is also based in Malta, was ordered to pay €900,000 for offering games of chance in the country. This is deemed illegal under the Betting and Gaming Act if the operator does not hold the required approval.
KSA first investigated Shark77 in December of 2021 and followed up with further probes in January and February of last year, discovering that the operator was offering both sports betting and online casino games on its 18bet.com website.
The regulator said that no technical measures in place to stop Dutch players from accessing these offerings. The site was accessible via a Dutch IP, while the Netherlands was offered as a player’s country when registering for an account.
After being contacted by KSA, Shark77 responded by denying it was intentionally targeting the Dutch market, adding that it was offering games in accordance with the licence it was issued by the Malta Gaming Authority and that KSA should not impose a fine.
However, KSA said Shark77 had breached Dutch rules by offering games and that even though it held a licence in Malta, this was not enough for it to allow Dutch customers to access its gaming and was then operating in the country illegally.
KSA also reiterated the lack of procedures in place to stop Dutch players from accessing the website, adding that users were able to deposit and withdraw directly from a Dutch bank account.
As such, KSA said Shark77’s counter arguments did not hold up and there was no reason to waive a fine. The KSA ordered the operator to pay the €900,000 in full.
“A licensed provider of online games of chance has costs that illegal providers of online games of chance do not have to incur. In addition, illegal providers do not pay any tax in the Netherlands and are not restricted in the conduct of their business by the strict rules of the Betting and Gaming Act and the associated licensing regulations. This allows illegal providers to offer a different offer, for example by offering games of chance that are prohibited for licence holders,” KSA said.
“These providers can thus have an attractive effect on players and jeopardise the channelling to the legal offer. We consider this serious and highly undesirable. Dutch players deserve the good protection of providers with a licence from the Gaming Authority,” KSA chairman René Jansen said.
Compliance Updates
Stakelogic Secures License to the newly regulated Danish market
Industry-leading provider secures license to provide slots and live content in Denmark
Award-winning casino content provider Stakelogic has obtained a license from the Danish Gambling Authority, Spillemyndigheden, to provide its gaming content in Denmark.
The license will allow Stakelogic to bring its premium portfolio of online casino slots and live dealer content to the Danish market, including recent releases like Fire and Gold Cluster Breaker, Super Wheel Game Show, Trident of Legends, and The Watcher.
Stakelogic is able to partner up with leading Danish operators, establishing itself as a must-have provider in the country. The move further highlights Stakelogic’s commitment to strengthening its position in the European market and exploring new and exciting regulated markets.
The license also further cements the company’s presence in the Scandinavian markets, having secured a license from the Swedish authority, Spelinspektionen, in 2023 and establishing itself as a popular provider among Swedish players.
Denmark is one of Europe’s fastest-growing markets, with a strong focus on customer care and responsible gambling. Stakelogic is proud to have met all the requirements needed to obtain the license, highlighting its commitment to providing players with the best and safest gaming experiences.
Stephan van den Oetelaar, CEO at Stakelogic, said: “Denmark is one of the fastest growing markets in Europe, and we are proud to have achieved a license to the newly regulated market.
We are grateful to Spillemyndigheden for their support in us and we are excited to take our next steps into the market.”
The post Stakelogic Secures License to the newly regulated Danish market appeared first on European Gaming Industry News.
Compliance Updates
UKGC Appoints Charles Counsell OBE as Interim Chair
Charles Counsell OBE has been appointed as Interim Chair of the UK Gambling Commission (UKGC) for a nine month term which will commence on 1 February 2025.
Charles was Chief Executive Officer of The Pensions Regulator from April 2019 to March 2023. Prior to this he was CEO of the Money Advice Service, and Executive Director of Automatic Enrolment at The Pensions Regulator.
As CEO of The Pensions Regulator, Charles developed the new corporate strategy to put the pension saver at the heart of the Regulator. He delivered their first Equality, Diversity and Inclusion Strategy and Climate Change strategies – both focused on driving change in the regulator and across the Pensions Sector.
Throughout his career, his roles have focused on setting up and delivering large change programmes requiring significant stakeholder relationship engagement: initially in the private sector and latterly in senior public sector appointments.
The post UKGC Appoints Charles Counsell OBE as Interim Chair appeared first on European Gaming Industry News.
Compliance Updates
SYNOT Games Secures Danish License
SYNOT Games has obtained a B2B online slot games supplier license in Denmark, authorising the company to supply its gaming content within Denmark’s regulated market. This B2B license, issued by the Danish Gambling Authority (Spillemyndigheden), becomes effective on January 1, 2025, aligning with new regulatory requirements mandating that all game suppliers hold such a license from that date forward.
This development enables SYNOT Games to offer its portfolio of slot games to Danish operators, reinforcing its commitment to compliance and responsible gaming practices.
“Obtaining the B2B license from the Danish Gambling Authority marks a significant milestone for us in the Danish market. This license not only aligns with new regulatory requirements but also reinforces our commitment to adhering to the highest industry standards. We are thrilled to continue offering Danish players the immersive gaming experience our portfolio provides,” said Martina Krajčí, CCO of SYNOT Games.
The post SYNOT Games Secures Danish License appeared first on European Gaming Industry News.
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