Compliance Updates
Stakelogic granted Greek gaming license
In-demand software providers expand their global reach after regulators give the green light to operate in Greece
Stakelogic, the sought-after software studio behind fan favourite slots such as Mystery Drop and Extreme Megaways, have announced they’ll now be able to share their innovative catalogue of games with a brand-new audience after being granted a Greek gaming license.
Having already successfully passed the rigorous security checks of regulatory bodies such as the Malta Gaming Authority, Romania’s ONJN and the notoriously thorough UK Gaming Commission, Stakelogic can now add the Hellenic Gaming Commission to their growing list of approvals as the group gave them the green light to supply their full suite of slots and live games to online operators in Greece.
The news means that Stakelogic will now be able to offer their games to Greek players via any licensed casino in the country, enabling them to share their signature range of Super StakeTM titles in the market for the first time. With these games offering players the chance to raise their starting stake in exchange for perks such as extra scatters and bonus features, they’re sure to prove a popular addition.
With the Hellenic Gaming Commission opening up the application process for new online gaming licenses in October of last year, Stakelogic have moved quickly to gain the proper certification for Greece. Just as they did in the Ukrainian market earlier in the year, the popular providers were able to secure a suppliers license relatively early, enabling them to hit the ground running in the country.
The decision by Stakelogic to acquire a Greek gaming license to go alongside the others they hold in Malta, Romania, the UK and the Ukraine further emphasises the studio’s commitment to expanding its global reach and ensuring as many players as possible get to try out its exciting collection of games.
Stephan van den Oetelaar, CEO at Stakelogic, said: “Having thoroughly reviewed our business offering, we’re delighted the Hellenic Gaming Commission has awarded us a Greek gaming license and we’re very much looking forward to sharing our product with players in the country for the first time.
“The decision to move into Greece is reflective of Stakelogic’s wider strategy to expand its global reach and offer its premier collection of slots and live casino games in new markets the world over. Now licensed in five major gaming jurisdictions, we’ve proved once more that Stakelogic is a brand players can trust to deliver a high quality gaming experience that’s 100% regulated, licensed and secure.”
Arshak Muradyan Digitain Group's Chief Compliance Officer
Digitain Group Products are Certified for Brazil
Digitain among the first game and software suppliers to successfully meet Brazil’s new regulatory standards.
Digitain, a leading provider of sportsbook and casino platform solutions, is proud to announce that it is among the first game and software suppliers to successfully meet Brazil’s new regulatory standards.
The Brazilian gaming market is undergoing a significant transformation. With new regulations in place, gaming operators and providers must adapt quickly to meet these evolving requirements. This achievement underscores Digitain’s commitment to delivering high-quality gaming products and ensuring full compliance with local laws and regulations, allowing our partners to continue their operations seamlessly.
Arshak Muradyan, Digitain Group’s Chief Compliance Officer, stated, “Brazil’s gaming industry has witnessed rapid growth over the past few years, with more attention given to regulating and managing this fast-evolving market. In 2024, Brazil introduced stricter rules for gaming providers, including new certification requirements, enhanced player protection measures, and tighter oversight of both games and operators. The certification process, conducted by an authorised testing laboratory of GLI (Gaming Laboratories International), ensures that our products meet the high standards of quality and fairness mandated by Brazilian regulators.”
Ani Mkrtchyan, Chief Sales Officer of Digitain Group, said, “As a company operating on the global stage, Digitain Group has consistently recognised the importance of regulatory compliance. This is why we’ve acted swiftly to meet the new requirements set out by Brazil’s regulatory authorities, positioning ourselves as one of the first companies to successfully navigate this evolving landscape.”
“Digitain Group’s success in securing certification for the Brazilian market is a significant milestone, and we’re proud to be among the first to meet these new regulatory standards. By adhering to the highest standards of compliance, we ensure the integrity of the industry and position ourselves and our partners for continued success in one of the world’s fastest-growing gaming markets.”
The post Digitain Group Products are Certified for Brazil appeared first on Gaming and Gambling Industry in the Americas.
Brazil
INCENTIVE GAMES RECEIVES FULL PAY-TO-PLAY GAMING CERTIFICATION IN BRAZIL
Incentive Games, a leading B2B games provider specialising in player acquisition and retention, today announced it has received full certification from Gaming Laboratories International (GLI) to offer its Pay-to-Play games in the Brazilian market.
This certification encompasses Incentive Games’ entire suite of games, random number generator (RNG), and remote gaming service (RGS), paving the way for the company to expand its reach into the thriving Brazilian gaming market.
Stewart Gove, COO of Incentive Games, commented, “This GLI certification is a huge milestone for us, and a testament to the hard work and dedication of the entire Incentive Games team. It demonstrates our commitment to delivering the highest quality and most secure gaming experiences to players worldwide. We are delighted to now offer our P2P games to licensed operators in the dynamic Brazilian market.”
The post INCENTIVE GAMES RECEIVES FULL PAY-TO-PLAY GAMING CERTIFICATION IN BRAZIL appeared first on Gaming and Gambling Industry in the Americas.
Australia
VGCCC: Bookmaker Fined for Customer Safety Breaches
Registered online bookmaker VicBet has been fined $130,000 for 2 breaches of its customer care obligations.
Announcing the fine, Victorian Gambling and Casino Control Commission (VGCCC) CEO Annette Kimmitt AM reminded the gambling industry of the potential for people to experience severe harm when rules are not followed.
“Breaches can have serious consequences, not only in terms of punitive actions against the companies we catch out, but for people whose lives are affected by this behaviour,” Ms Kimmitt said.
“It is an egregious betrayal of trust, for example, to continue to send marketing materials to a person who has self-excluded from a gambling venue or closed a betting account.”
The VGCCC’s investigations into complaints about VicBet found the bookmaker had:
• offered and provided a $1,800 bonus bet to a customer after they asked for their betting account to be closed in September 2022. VicBet was fined $50,000.
• repeatedly sent gambling promotional material to a customer after they permanently self-excluded from VicBet in March 2020. The penalty was an $80,000 fine.
It is an offence for a bookmaker to encourage or offer any credit, voucher or reward, or other benefit to induce an account holder to keep an account open after they have requested its closure.
Similarly, sending correspondence or promotional material to customers who have self-excluded contravenes the Victorian Bookmakers’ Association Code of Conduct.
“On these occasions, VicBet failed to live up to both its legal and social licences to operate, which include minimising the risk of harm to customers,” Ms Kimmitt said.
“Industry must respect the wishes of people who decide to have a break from, or quit, gambling. This means taking all reasonable steps to enforce harm prevention initiatives that customers commit themselves to, such as self-exclusion programs.”
VicBet was given the opportunity to “show cause” as to why disciplinary action should not be taken. Submissions from its legal representative were considered prior to a determination being made.
The post VGCCC: Bookmaker Fined for Customer Safety Breaches appeared first on European Gaming Industry News.
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