Compliance Updates
Helio Gaming Licenced by the Malta Gaming Authority
The lottery games developer has received its full MGA B2B licence
Multi-award winning number and lottery games supplier Helio Gaming has received its full MGA B2B licence, meaning that the rapidly expanding, innovative company can now offer its full suite of gaming solutions across the European regulated markets and beyond. A significant step for this ‘one to watch rising star’ supplier in the number and lottery games vertical. Helio Gaming CEO Keith Galea outlined the importance and vision moving forward:
‘Obtaining the B2B Critical Supply License from the Malta Gaming Authority is another step in the right direction that we’ve been working hard to achieve. The MGA B2B licence is the recognition of the quality of our services and opens doors to new and long-term partnerships. Our current and future partners can be sure they are dealing with a licensed and compliant software provider, which is very important since we offer games that can give out jackpots worth millions of euros. We are bracing ourselves for what is hopefully going to be a record year for us.’
Helio gaming provides in-house RNG games, betting on international lotteries and bespoke games. The smart and flexible game engine can accommodate the needs of any platform or operator via a simple API connection.
Compliance Updates
New Jersey State Athletic Control Board Adopts Sports Betting Policy
The New Jersey State Athletic Control Board (SACB) announced that it has recently adopted an updated sports betting policy for all licensees, officials, and employees.
Effective immediately, the policy prohibits unethical betting practices and reinforces the commitment to maintaining fairness and public trust in combative sports, including boxing, wrestling, extreme wrestling, kick boxing, and combative sports exhibitions, events, performances, and contests.
“With this action, we are safeguarding the integrity of combative sports events. By implementing these standards, we are sending a clear message that unethical behavior will not be tolerated in New Jersey’s combative sports industry,” said SACB Commissioner Larry Hazzard Sr.
The policy applies to board officials, such as inspectors, timekeepers, judges, referees, and physicians; board members, including the chairman; and board employees, such as the commissioner and deputy commissioner. Promoters, participants, and their agents are also encouraged to adopt integrity policies in line with these standards.
Key policy provisions include those related to betting restrictions, prohibited conduct, training, and enforcement, among others:
• Officials, members, and employees are prohibited from betting on any combative sports event, both within New Jersey and globally. Legal betting on non-combative sports is allowed, provided it complies with local laws. Board employees must register with the Division of Gaming Enforcement (DGE) before placing such bets in New Jersey.
• All forms of illegal betting, including through unauthorized platforms, are strictly prohibited.
• Prohibited conduct includes match fixing and acting on or spreading insider information.
• Board personnel are prohibited from working for sportsbooks or their affiliates.
• Promoters and participants, along with their agents and managers, must refrain from betting on combative sports events held in New Jersey or engaging in any actions that compromise the integrity of performances.
• All stakeholders, including board officials, members, employees, promotors, participants, agents, managers and seconds, are obligated to report any violations of this policy to the SACB Commissioner immediately.
• Board personnel are required to undergo training and acknowledge this policy.
• Violations may result in disciplinary actions, including fines, license suspensions, or revocation.
Australia
Australia’s Government Delays Gambling Ad Ban
Australia’s ban on gambling advertising will not be introduced this week. This may also be the last week the Australian Parliament sits this term, making the bill’s progression uncertain.
The government has been further discussing gambling regulation since an inquiry last June. The late Member of Parliament Peta Murphy’s report included 31 recommendations, including a full ban of gambling advertising.
Gambling is a particular issue in the country. According to research, Australians lose around $25 billion on legal gambling every year, the largest per capita losses globally.
Earlier this year, ReadWrite reported that “one million gambling ads had been aired in one year in Australia,” according to an open letter signed by prominent Australians. Despite these external and internal pressures, the parliament is still yet to respond to Murphy’s report or make the proposed bill public.
Competition Minister Andrew Leigh said that the government was prepared to bring in restrictions “immediately” but that they still don’t have enough numbers to pass the bill.
“It’s quite clear at the moment … the numbers aren’t there to progress the reforms the government has put through, which would significantly curtail gambling ads around major sporting events so there would be a blackout period before and after sporting events,” he said.
“If we thought the numbers were there, we’d put it to the parliament immediately, but the fact that the numbers aren’t there says everything about the way in which the opposition is moving into blocking mode.”
This directly contradicted the view from sport minister Anika Wells, who said that a ban on gambling ads was not ready for parliament yet.
She said: “I’ve got national sporting organizations and professional codes who are worried about how this will impact the viability of their financial model … I think it needs more nuanced work.”
The Labor government continues to be split on the issue of a full advertising ban, with some believing a partial one is the better decision.
The post Australia’s Government Delays Gambling Ad Ban appeared first on European Gaming Industry News.
Balkan's
SYNOT HAS BEEN GRANTED LICENSE FOR THE BULGARIAN MARKET
SYNOT Group has been granted a 10-year license for production, distribution and technical support within the Bulgarian market. This significant step is part of SYNOT’s further expansion in the Balkan region, where the company plans to make its most successful products available to new customers.
“We are really happy with obtaining the license for the Bulgarian market“, said Stanislav Stanev, International Business Development Director of SYNOT Group. „Like this we can continue with our expansion plans within the Balkan region and make available our most successful products for the Bulgarian customers as well. The license is coming just on time for the upcoming BEGE expo in Sofia, where we are expecting to meet most of the local operators and have some fruitful discussions and presentations of our most successful products from both online and land-based divisions.”
For the first time ever, SYNOT Group will present its extensive product portfolio at the Balkan Entertainment and Gaming Exhibition, which will take place from 27th to 28th November at the Inter Expo Center in Sofia. We are delighted to invite all visitors to our booth 2.18 where they will have the opportunity to explore SYNOT’s advanced multigame progressive jackpot systems MAGIC BALL LINK and SUPER LINK, the state-of-the-art cabinets, such as UP2-32, Eclipse FL-32 and UP1-27 as well as the latest titles from the proven game sets. Visitors interested in online slots or comprehensive iGaming solutions should also not miss our online section.
“Participating in BEGE is a valuable opportunity for us to strengthen relationships with partners and establish new collaborations in a Balkan region that we consider strategically very important,” added Stanev.
The post SYNOT HAS BEEN GRANTED LICENSE FOR THE BULGARIAN MARKET appeared first on European Gaming Industry News.
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