Compliance Updates
BETBY granted MGA supplier licence
Innovative sports betting supplier BETBY has been granted its supplier licence by the Malta Gaming Authority (MGA) in an important step as it looks to expand in regulated jurisdictions worldwide.
The licence will allow BETBY to supply its AI-driven sportsbook solution to operators within several European territories, offering a full end-to-end platform for partners.
With a flexible, fully customisable solution which can be tweaked to offer regionalised content based on geolocation settings and a full suite of marketing tools, including BETBY’s UX-enhancing widgets, the supplier’s products offer a new sports betting experience.
The awarding of the licence is another milestone for the growing sportsbook supplier, which has enjoyed a period of sustained commercial success in recent weeks, taking its platform live with a number of operator partners and the impressive launch of its esports titles.
Leonid Pertsovskiy, Chief Executive Officer at BETBY, said: “Being awarded our MGA supplier licence is an important step for us as we continue to establish our presence as a leading sportsbook supplier.”
The UK Gambling Commission (UKGC) has announced changes aimed at increasing consumer control over deposit limits and greater transparency of customer funds protection by operators.
A further change to the Commission’s Licence Conditions and Codes of Practice (LCCP) will also pave the way for implementation of Government’s upcoming statutory levy.
The changes follow a consultation and are consistent with the 2023 White Paper High stakes: gambling reform for the digital age.
New rules will give consumers more effective ways to manage their gambling by making it easier to set and maintain deposit limits on their online accounts, in ways that work best for them.
From 31 October 2025 all gambling businesses must prompt their customers to set a financial limit before they make their first deposit and make it easy to review and alter this limit at any point after.
These rules will take good practice already offered by some operators and expand that so customers can expect the same standards across the industry.
Gambling businesses will also be required to remind consumers every six months to review their account and transaction information – this will help consumers consider if they want to change existing, or set new, deposit limits.
Operators who hold customer funds must set out in the terms and conditions whether these are protected in the event of insolvency, the level of such protection and the method by which this is achieved. They must also make this information available at the point at which a customer first deposits money.
The Commission’s LCCP currently requires operators to make annual financial contributions to a list of research, prevention and treatment organisations. This requirement will be removed close to the introduction of the government’s statutory levy (opens in new tab) (expected to come into force on 6 April 2025) as it will become obsolete.
“These changes illustrate our commitment to ensuring gambling is fair and open by improving consumer empowerment and choice. These changes will help consumers decide on deposit limits, enable them to keep track of their spending and ensure they are fully aware of what happens to their funds should an operator become insolvent. We will now continue our work to deliver our remaining White Paper commitments, including our programme of evaluation,” Tim Miller, Commission Executive Director for research and policy, said.
The post UKGC Announces Changes Aimed at Increasing Consumer Control Over Deposit Limits appeared first on European Gaming Industry News.
Delasport, a global leader in sportsbook and iGaming solutions, launched its first official partnership in Brazil. With this key step, Delasport is expanding its global presence and advancing the Brazilian sports betting landscape with its highly innovative technology and comprehensive player engagement tools.
Following the recent regulatory advancements in Brazil’s gaming sector, Delasport has successfully obtained the necessary certifications to operate in the country. The company’s entry into this high-potential market aligns with its global strategy to provide world-class betting experiences in regulated markets worldwide.
“Brazil represents a key milestone in our global expansion strategy, and we are happy to launch with the first partner and another one on the way, this time with our full solution,” said Unai Concha, Senior Business Director at Delasport. “We are thrilled to bring our premium sportsbook and iGaming solutions to Brazilian operators, empowering them with the best technology available in the industry today.”
Delasport’s offerings in Brazil include:
- A fully managed localized sportsbook platform that is full of innovative features tuned to elevate players’ betting experience
- AI-driven personalization and engagement tools to optimize player retention
- Advanced risk management and fraud prevention solutions
Brazil’s regulated sports betting market is expected to experience rapid growth, and Delasport is committed to ensuring a seamless and responsible betting experience for operators and players alike. By leveraging its expertise and innovative solutions, the award-winning B2B supplier aims to play a pivotal role in shaping the future of online gaming in Brazil.
The post Delasport Launches First Partnership in Brazil appeared first on Gaming and Gambling Industry in the Americas.
Compliance Updates
DeWine Proposes Significantly Raising Gaming Tax to Help Fund Ohio Sports Stadiums
Gov. Mike DeWine is proposing to increase Ohio’s sports gaming tax to help pay for major and minor league stadium projects and youth sports programs.
The governor announced the proposal during his press conference on the new budget Monday. The governor’s proposal would raise the tax from 20% to 40%. The governor said the increase would raise up $180 million more per year. The money could be used for professional sports stadium projects and youth sports.
Dave Jenkins, COO of the Haslam Sports Group, released the following statement to the FOX 8 I-TEAM Monday night:
“We appreciate Gov. DeWine’s commitment to looking at creative ways to solve sports facilities development while positively impacting youth sports throughout Ohio. We look forward to learning more about the options this legislation may provide. At the same time, we continue to work with the appropriate stakeholders and other experienced experts to develop alternative funding mechanisms for an enclosed Huntington Bank Field in Brook Park, knowing the importance of not tapping into existing taxpayer funds that go to other pressing community needs. The model we’ve proposed on the state level would leverage only the incremental tax revenues from within the development itself to enable the project. The Brook Park Huntington Bank Field project is more than just a stadium. Combined with the adjacent mixed-use development, which would be enabled by approximately $2B in private investments, this $3B+ economic development project would be among the largest ever in Northeast Ohio. It truly is a generational opportunity to create a robust, revenue-generating district that will bring in new jobs and new visitors to our region and significantly impact our economy.”
The Cleveland Browns plan to build an enclosed stadium with development around it in Brook Park.
“Whole heart of this team”: Browns fans react to Myles Garrett trade request
Meantime, the city of Cleveland is enforcing the so-called Modell Law restricting sports teams from moving. The city has filed a lawsuit in Cuyahoga County Common Pleas Court hoping to keep the Browns playing on the lakefront.
Under the Modell Law, if a pro sports team wants to move, the city must, first, have a chance to find new owners. The Browns, though, are fighting that in federal court asking a judge to rule that law unconstitutional.
The post DeWine Proposes Significantly Raising Gaming Tax to Help Fund Ohio Sports Stadiums appeared first on Gaming and Gambling Industry in the Americas.
Revo Casino and Social House in Conway Holds Grand Opening
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