Compliance Updates
At the request of the French national gambling authority (ANJ), SORARE undertakes to evolve its gaming offer, pending adaptation of the legislation
In-depth discussions have been underway since March between the ANJ and SORARE regarding the tournaments that the company organises using the virtual cards it issues and markets. At its meeting at the end of September, the ANJ Board considered that the serious doubts regarding the legislation on gambling that this part of the offer raised justified a rapid change in the offer. The solution proposed by SORARE, consisting in of reinforcing free access to these tournaments, was accepted, under certain conditions, by the ANJ.
Following a period of in-depth discussions between the ANJ and the company SORARE that began in March, the ANJ Board considered that the serious doubts regarding the legislation on gambling raised by part of the company’s offer, that of card tournaments, justified its rapid development.
The company responded to this request by proposing a solution that strengthens free access to these tournaments, a solution that is based on a possibility offered by positive law.
This response is a transitional but essential step before the adoption of a permanent solution which requires an adaptation of the legislation to bring these new Web3 related activities within the framework of the regulation operated by the ANJ but with specific modalities.
During this transitional period, the ANJ will set up an ad hoc control mechanism for SORARE’s activity and will verify, on the one hand, the proper implementation of the “free access” solution and, on the other hand, the company’s compliance with the objectives of preventing excessive gambling and protecting minors, integrity and transparency of gambling operations and the fight against fraud and money laundering.
The solution adopted constitutes a necessary regulatory response to the offer proposed by SORARE and, more generally, to the emergence of new comparable offers, with a view to effectively protecting the public but also to supporting innovation.
Such a change in the SORARE offer must be operational by 31 March next year at the latest, after which the Authority reserves the right to use the powers it has under the law.
Fennica Gaming has announced that it has been granted a gaming supplier license in Ontario, Canada. This milestone marks a significant step in the company’s expansion strategy, allowing it to offer its cutting-edge gaming experiences to gaming operators in one of North America’s most dynamic regulated markets.
The supplier license, granted by the Alcohol and Gaming Commission of Ontario (AGCO), enables Fennica Gaming to introduce its portfolio of entertaining and high-quality games to gaming operators across the province. This registration empowers Ontarian operators, whether online or land-based, to access the omnichannel offerings developed in the Nordics.
“We are thrilled to receive our B2B supplier license in Ontario and to offer our advanced gaming solutions to operators in the region. After a thorough application process, we can now proudly and prominently display our registration and achievement. We have followed the market in North America for a long time and Ontario is an excellent example of market that is well organized. It represents an exciting market with immense potential, and we are committed to delivering secure, entertaining, and trustworthy gaming experiences tailored to local preferences,” Timo Kiiskinen, Managing Director of Fennica Gaming, said.
Fennica Gaming’s Nordic gaming experience and heritage as an omni-channel gaming operator through its parent company Veikkaus offers a broad range of entertainment for Ontarian operators with a player-first attitude. This registration supports Fennica Gaming’s commitment to a sustainable industry, enabling operation in compliance with Ontario’s local regulatory framework.
The post Fennica Gaming Granted Supplier License for Ontario Market appeared first on Gaming and Gambling Industry in the Americas.
The Michigan Gaming Control Board (MGCB) has taken decisive action against five offshore online casinos, sending cease-and-desist letters for violating state gaming laws. These websites offer a variety of casino games, such as slots, poker, blackjack, Keno, bingo, and game show games, in addition to sports betting.
The following unlicensed operators are now under scrutiny following the MGCB’s action:
BetWhale Casino, Curaçao
Black Lotus Casino, owned by TD Investments Ltd., Belize
Coins Game Casino, Curaçao
Love2play Casino, Curaçao and Costa Rica
Orion Stars 777 Players, Sichuan Province, China
“These illegal platforms not only violate Michigan’s gaming regulations but also put consumers at risk by offering unreliable withdrawal options and lacking essential consumer protections. Our top priority is safeguarding Michigan residents by ensuring that all online gaming activities are conducted legally and safely. These operators must stop their activities or face additional legal consequences,” MGCB Executive Director Henry Williams said.
Investigations into these illegal activities have revealed that the operators are in violation of multiple Michigan state laws.
Despite offering various payment options like Visa, MasterCard, PayPal, and cryptocurrencies (e.g., Bitcoin and Ethereum), these illegal operators impose strict withdrawal conditions, often requiring players to wager their initial deposits multiple times before they can access their winnings.
The MGCB has given these operators 14 days from the date of receipt of the cease-and-desist letters to halt their illegal activities.
The post MGCB Continues Crackdown on Unlicensed Online Casinos appeared first on Gaming and Gambling Industry in the Americas.
Romania continues to attempt to counter problem gambling among its population in a new draft bill that has been sent for consideration to the country’s lawmakers.
The bill proposes that Romanians will be banned from spending more than 10% of their previous monthly income on gambling and betting.
Banks and financial institutions where players have individual accounts would be responsible for setting the spending limitations, and could be liable for fines up to 1% of their actual turnover should they fail to enforce the potential new rules.
Casino operators and other gambling premises would be responsible for enforcing the spending limit in physical buildings, although it is certainly not clear how that would operate in practicality.
It is also suggested that the ANAF (Agenția Națională de Administrare Fiscală) – Romania’s National Agency for Fiscal Administration, would be ordered to provide a platform that would allow licensed operators to query a player’s balance to check on the 10% limit.
Gambling operators would then have to report in real-time player spending in order that nobody would be able to game the system, simply by hopping quickly between establishments.
Failure to comply with these undertakings would result in a fine to the operator of between RON 200,000 and 500,000 (between $43,000 and $108,000) for a first offence. Meanwhile a second offence would also see the cancellation of the operator’s licence.
Romania has been trying hard in recent years to combat problem gambling within its boundaries. In October last year, it banned gambling venues in small towns and villages with populations of less than 15,000 people.
The post Romania to Limit Gambling Spending to 10% of Monthly Income appeared first on European Gaming Industry News.
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