Compliance Updates
Amber Gaming welcomes back Scott Young as Operations Director
Amber Gaming announces the appointment of Scott Young as Operations Director, to spearhead ongoing compliance initiatives.
Scott joins the Amber Gaming board and will play a pivotal role in strengthening the standards of compliance and client support, further cementing the company’s commitment to best-in-class services recognised globally.
With nearly two decades of experience in the eGaming industry, Scott’s expertise spans multiple landscapes and business types.
Scott departed the business in 2018 to join one the largest Isle of Man GSC licence holders facing Asian Markets. Here, Scott engineered a compliance programme that not only met and exceeded regulatory requirements but was also commercially viable and allowed for significant year-on-year growth. This challenged the traditional view that heightened compliance hampers commercial expansion.
In early 2020, BetVictor sought Scott’s experience and he joined the business as Group Director of Compliance where he made significant strides in successfully restructuring and refreshing compliance programs across the group.
After successfully navigating the challenging Covid times, Scott left BetVictor to reprise his previous role as Head of Compliance & Money Laundering Reporting Officer with Mayfly Entertainment, where he enjoyed further successes including a term as Managing Director of the business.
His qualifications include certifications in International Financial Crime Prevention (ICA), GDPR Data Protection Practitioner (PDP), and a host of AML/CFT, Responsible Gambling, Regulatory Governance, and Compliance certifications. He has been a member of the eGaming Strategic Advisory Board (eGSAB) and most recently, a member and contributor to the Isle of Man National Risk Assessment AML Advisory Group.
Jade Zorab, Managing Director of Amber Gaming, commented: “We are so pleased to welcome Scott back to the Amber Gaming team, whose focus remains on working with high calibre partners that share our outlook about conducting business responsibly. Scott is arguably one of the most experienced eGaming professionals in our field and his commitment to excellence embodies the standards that comprise our ethos.”
Scott Young added: “I am thrilled to rejoin the Amber Gaming family at the most pivotal time. While familiar, Amber Gaming has grown significantly since my time with them. This has brought new faces, novel concepts and fresh challenges, all of which I look forward to meeting over the coming months.”
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Compliance Updates
Comtrade Gaming Obtains Romanian License to Distribute Games
Comtrade Gaming’s CG Games division has announced its approval for the distribution of casino content in Romania.
The license will allow players in Romania to access a range of games from the CG Games portfolio, including Sweet Treasure, Crash Soccer, Wild Miner, Diamond King, Break the Bank and many more.
“This is a key step for CG Games. We have been very successful in the Romanian market for many years, with our iGaming Platform, and this extension of our license means we can increase our offering to our partners. It also now allows us to work with all operators in that market, regardless of the platform they use, and we are very excited to bring our games to this market,” said Comtrade Gaming’s Chief Commercial Officer, Steven Valentine.
The post Comtrade Gaming Obtains Romanian License to Distribute Games appeared first on European Gaming Industry News.
Compliance Updates
Betsson Group shortlisted for 4 awards at the Global Regulatory Awards
Betsson Group has managed to secure four award nominations for the 8th edition of the Global Regulatory Awards. Held annually since 2017, the awards hosted by Vixio, a leading provider of regulatory intelligence solutions, recognise the achievements of individuals, teams, and organisations in the gaming industry that have excelled in compliance, corporate social responsibility, and safer gaming.
According to the official website of the Global Regulatory Awards, Vixio received a record number of submissions this year, making 2024 their most competitive year by far.
The 2024 Global Regulatory Awards ceremony is scheduled to take place in London on 4th December 2024.
Betsson Group is shortlisted for three company awards and one individual award.
1. Commitment to Compliance by an Operator
This award celebrates a leading compliance initiative by a gambling operator that has significantly improved internal expertise and set a new standard for industry best practices. The judges will look for an initiative that demonstrates transformative improvements in processes, technology, reporting, and training, while also promoting best practices across the sector.
2. Chief Compliance Officer of the Year – Corinne Valletta
This award celebrates an exceptional compliance leader who consistently exceeds expectations, expertly navigates regulatory challenges, and has significantly elevated the compliance standards within their organisation through pragmatic solutions, operational transformation, and thought leadership. The award seeks a leader who actively collaborates with management, their team, and regulatory bodies to foster a culture of compliance. Judges will look for concrete examples of the nominee’s impact, including industry conference appearances, introduced training initiatives, and demonstrations of thought leadership.
3. Compliance Team of the Year
This award honours a compliance team within an organisation that actively fosters a culture of compliance, responding effectively to regulatory changes and driving their organization to lead in new compliance standards. Judges will evaluate how the team has cultivated a compliance-focused culture, collaborated across the organisation, initiated training, and influenced business practices and industry engagement, including with trade associations. Special consideration will be given to teams that have led their organisation into new compliance jurisdictions in emerging markets.
4. Legal Team of the Year
This award recogises a legal team that protects the company’s reputation by ensuring compliance with regulations, demonstrating exceptional problem-solving, analytical, and organisational skills, and proactively advising management. Judges will assess how the team promotes best practices, keeps the business ahead of regulatory changes, and minimises the impact on both the bottom line and daily operations.
In conclusion, the above nominations highlight Betsson’s strong compliance culture and commitment to raising its standards in compliance to ensure a safe and stable business.
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Compliance Updates
St8.io granted Isle of Man licence
The next-generation content aggregator St8.io has been awarded an Isle of Man OGRA Software Supplier licence, as the company continues to expand its regulated footprint worldwide.
The licence, granted by the Isle of Man Gambling Supervision Commission, will allow St8 to supply its product to other IoM-licensed B2B and B2C partners, as well as other Tier 1 operators.
“This is another important step in our mission to serve regulated markets worldwide,” said Vladimir Negine, founder and CEO at St8. “We’ve been really impressed by the robust licensing process of the Isle of Man Gambling Supervision Commission, which allows us to deliver innovative technology in a manner that protects both our partners and the end user. As we expand our presence into more regulated markets, the proven reputation that comes with an IoM licence will serve us well.”
Lyle Wraxall, Chief Executive at Digital Isle of Man added: “I would like to congratulate St8 for gaining their Isle of Man Software Supplier Licence and look forward to them joining the thriving business community. St8’s decision to expand its operations here reinforces the Isle of Man’s position as a leading hub for the digital and gaming industries.”
St8 was guided through the licensing process by specialist consultancy Amber Gaming.
“We are thrilled to congratulate our valued partner St8 on securing their licence with the support of our advisory services. This achievement underscores our commitment to delivering expert guidance and driving success together,” said Jade Zorab, Managing Director at Amber Gaming.
Vladimir Negine added: “We chose Amber Gaming because we needed a partner with a complete understanding of this process, a flawless reputation and an efficient approach that matched with our timelines. They delivered perfectly on all of these, and I’d like to thank Lee-Ann, Abi and the entire Amber Gaming team for their fantastic support.”
St8.io’s Isle of Man licence is just the latest that the content aggregator has acquired. Last year, it was granted a licence from Romania’s National Gambling Office, and in June secured a recognition notice from the Malta Gaming Authority.
The company continues to bring world-class innovation to the aggregation space, including a recent major update to its St8 Art Kit, which now features animated thumbnails for high-performing games.
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