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🇨🇼 The second part of our article on Curacao for EGR Global is out! In the second instalment of a two-part series, our Senior Consultant, Dmitry Hotsyn, examines the expected changes that the new Gambling Law will bring. Follow the link to the EGR Global website for more information ⬇️ 🔗 https://lnkd.in/e5Sb3f4G P.S. In case you missed the first part, follow the link to our previous post below ⬇️ 🔗 https://lnkd.in/exYKDNEc #4HAgency #4H #Gambling #GamblingIndustry #iGaming #GamblingNews #Licensing #Regulation #IndustryInsights #ExpertOpinions #NewsAnalysis #Regulations #betting #sportsbetting #Curacao #Casino #iGamingNews

Why Licensing is Crucial? 🛡 Observing the growth of the gaming industry, we want to touch on an important topic: the need to obtain a gaming license. It serves as legitimate proof issued by a recognized gaming authority, ensuring that your operations are transparent and winnings are guaranteed. With a license, you demonstrate a commitment to fair gaming policies, boost your reputation, and build trust among players. It’s essential to mention that neglecting to secure a license can lead to severe consequences, such as: ❌ Reputation damage ❌ Serious fines, criminal charges, and business closure ❌ Financial obstacles. Without a license, you will struggle to open settlement accounts, onboard payment providers, and secure advertising deals ❌ The risk of being blacklisted from obtaining a license in the future To start the process of getting a license, it’s essential to clearly define your goals, as this will influence many key considerations. Since 2010, we have guided our clients to operate legally and efficiently. As proof, more than 80 businesses have successfully obtained licenses with our help. We'd be glad to assist you with this important process! Don't hesitate to contact us! 📱 +254 700 326282 ✉️ info@gamingadvisory.africa #GamingLicense #RegulatoryCompliance #GamingIndustry #Regulations #Law #GamingAdvisoryAfrica #Consulting #ConsultingServices

How to Obtain a Gambling License in Europe Securing a gambling license in Europe is essential for operators aiming to enter regulated markets and build a trustworthy reputation. Key jurisdictions include: Malta: Known for its favorable tax environment and EU market access, the Malta Gaming Authority (MGA) is highly respected. UK: A UK Gambling Commission (UKGC) license is necessary for the UK market, ensuring strict player protection standards. Gibraltar & Isle of Man: Popular for their low taxes and strong regulatory frameworks. Steps to obtain a license include selecting the right jurisdiction, preparing detailed business documentation, undergoing technical audits, and ensuring compliance with local laws. A license not only ensures legal operation but also boosts credibility in the competitive gambling market. #GamblingLicense #iGaming #MaltaGamingAuthority #UKGamblingCommission #IsleOfMan #Gibraltar #OnlineGaming #Compliance #Regulation #iGamingBusiness #Licensing #GamingIndustry

The Brazilian gaming and betting industry faces challenges with excessive negative media exposure and recent legal developments. Ordinance No. 1,475/24, issued by the Prizes and Betting Secretariat of the Ministry of Finance (SPA/MF) - a downloaded bilingual, dual column version of which is available here, is causing disruption by unduly cutting the transition period established by Law No. 14,790/23 by three months! Meanwhile, the Brazilian National Commerce Confederation has filed a lawsuit against Law No. 14,790/23, claiming its unconstitutionality. Stay updated on this evolving situation. #montgomery #leanfullservice #brazil #gaminglaw #regulation

The allure of quick entry into the iGaming market can tempt operators to overlook the intricacies of licensing, which is akin to setting sail in treacherous waters without navigation tools. This oversight can lead to dire consequences: from fines to shutdowns, and irreparable reputation damage. A thorough licensing process mitigates these risks and ensures that you adhere to the ever-changing legal landscapes of various jurisdictions. BetStarters serves as your regulatory compass, providing the expertise and guidance to navigate the complex waters of iGaming licenses, ensuring that your venture remains compliant and on course. #NavigateWithConfidence #iGamingCompliance

Sharing my view and how to ensure that compliance and business live side-by-side. The secret is to make sure that compliance remains relevant and to ensure that we present solutions that on the one hand maintain compliance with regulations and on the other hand minimize the impact on business.

🇮🇪 Big Changes for Ireland’s gambling industry: Parliament Has Passed New Gambling Regulation Law 🏛️ After a decade of development, the government will adopt a modern regulatory framework, replacing the laws of the Betting Act of 1931. The newly approved Gambling Regulation Bill (GRB) establishes the Gambling Regulatory Authority of Ireland (GRAI), an independent statutory body responsible for overseeing the rules, standards, and conduct of Irish gambling. How will these new regulations transform the future of gambling in Ireland? Read more in our article 👇 #Ireland #Regulations #Law #Industry #Gambling #Gaming

💼 David Yatom Hay says compliance should not be a “business-prevention department 💼 In an exclusive interview with SiGMA News held during ICE London 2024, David Yatom Hay, General Counsel of Soft2Bet, provided insights into the dynamic regulatory landscape in the iGaming industry and the company’s future strategies. 📄 Read the full article here: https://hubs.la/Q02kFJQD0 #SiGMA #ICELondon #iGaming #RegulatoryLandscape #Soft2Bet #FutureStrategies

On 21 May 2024, Brazil’s Ministry of Finance’s Secretariat of Prizes and Betting published Ordinance SPA/MF nº 827, establishing the regulatory framework for gambling operator licensing. This Ordinance lays out the general rules for the authorization procedure, including the required documentation and applicable deadlines, marking another vital step toward the long-expected launch of the country’s regulated gambling market. According to the Ordinance, only legal entities incorporated under Brazilian law as limited liability companies or corporations with headquarters and administration in Brazil may apply for a license to operate fixed-odds betting. The authorization, valid for a five-year term, requires a payment of BRL 30 million ($5.82 million). Existing legal entities in Brazil must comply with these new regulations by 31 December 2024. Read the full article ➡ https://lnkd.in/d-2MVQfR #latinamerica #brazil #gambling #gamblingnews #regulation

Dutch Court Orders #Unibet to Reimburse Player’s Losses During Illegal Operation Period In a landmark ruling, the Dutch court has mandated Unibet to refund a client the sum of €676,000 lost between 2011 and 2021—a period during which the operator conducted business without a local license. Notably, Unibet was unlicensed in the Netherlands at the time, as the #iGaming market was yet unregulated. Despite this, the court sided with the player, given Unibet’s active engagement with Dutch #gamblers. This case echoes a previous legal battle involving #Bwin, where a plaintiff sought to recover over €200,000 lost from 2008 to 2019—a similarly unregulated era for the iGaming market. However, when the plaintiff demanded restitution on the grounds of Bwin’s illegal operations, the court ruled in favor of Bwin. A surge in lawsuits against operators who once operated illegally within various countries has been observed recently. Players are increasingly demanding compensation for past losses, posing significant challenges for operators. The adjudication of such cases in the Netherlands seems to hinge solely on judicial discretion. Judges across different regions interpret the matter differently; for instance, the judge in the Bwin case deemed the claim outdated due to the statute of limitations. Unibet attempted to leverage the same argument, but the judge in their case was not persuaded.