The gambling regulators of Britain and Sweden have prolonged their agreement regarding the exchange of information
The British Gambling Commission and the Swedish gambling regulator Spelinspektionen have extended their Memorandum of Understanding (MoU) on information exchange.
Both regulatory bodies have obliged to provide mutual operational support, foster a shared understanding of legitimate interests, and engage in discussions regarding policy and operational matters.
Camilla Rosenberg, Director General of Spelinspektionen, emphasised the importance of global collaboration in the gambling industry, noting that while their markets may differ, there are numerous areas for shared learning and experience exchange. She highlighted that through collaborative efforts, the common objective of cultivating a healthy and secure gambling market can be achieved.
The initial signing of the MoU occurred in 2019.
Curacao has released updated requirements for obtaining gambling licences
The Curacao Gaming Control Board (GCB) has recently released guidelines outlining the application process for both direct and sub-licences, applicable to all operators seeking to continue their operations within the jurisdiction. The deadline for registration of applications is March 31, 2024.
Outlined in a comprehensive document published this week, the application process requires companies to adhere to specific procedures. The primary requirement involves completing and submitting three essential forms: applications for iGaming, disclosure of personal history, and corporate and business information.
These clear instructions provided to operators are intended to streamline the application process and mitigate instances of misinformation.
Presently, the application procedure is conducted in accordance with Curacao’s existing legislation. However, the local parliament is in the final stages of drafting a new law, the National Ordinance for Games of Chance, aimed at enhancing the island’s standing as one of the leading gambling jurisdictions.
Wazdan strengthens its position in the Romanian market with a new collaboration with Totogaming
Wazdan has expanded its presence in the regulated Romanian market through a new collaboration with Totogaming.
Under this agreement, Totogaming will integrate 12 of Wazdan’s popular titles into its online casino platform. Wazdan aims to introduce additional games to Totogaming in the coming months, thereby enhancing its game portfolio and catering to specific market preferences.
Andrzej Hyla, Chief Commercial Officer at Wazdan, expressed enthusiasm about the partnership, emphasising their strategic focus on European regulated markets. He highlighted the positive reception of Wazdan’s products in Romania and the potential to enhance Totogaming’s casino offerings.
Kamo Mayilyan, Product Directions Development Unit Manager at Totogaming, praised Wazdan for its reputation in creating innovative and technology-driven products. Mayilyan emphasised the anticipation of a fruitful collaboration and the excitement of adding Wazdan’s games to Totogaming’s online portfolio for an enhanced gaming experience.
Earlier, Wazdan significantly broadened its footprint in Bulgaria
SoftSwiss has published a comprehensive report of the South African online gambling market
SOFTSWISS has unveiled an extensive report shedding light on the dynamics of the South African market.
The online gambling sector in South Africa is witnessing remarkable growth, with forecasts indicating a total revenue of approximately €64.9 million by 2028.
The report delves into the distinctive features of the South African market, including government licensing procedures, trends within the sports betting segment, and prevalent gaming preferences. In South Africa, online gambling operations are overseen by nine provincial regulatory authorities functioning under the National Gambling Board.
These authorities are responsible for granting licences for various gambling activities within their respective provinces. Operators must grasp the regulatory intricacies and carefully consider licensing options of each region.
Over recent years, several provinces have notably broadened the scope of fixed odds betting offerings. This move has fueled the popularity of online betting, resulting in a notable surge in revenue generated from iGaming activities and the collection of gambling taxes.
Experts urges evolution and adaptation for online gambling
The landscape of online gambling, despite being relatively young even after a decade, is already experiencing the need for evolution and adaptation to sustain its relevance, as discussed by industry panellists. Efforts are required to actively engage clients with gambling brands, and customise experiences to their preferences.
Jonathan Doubilet, the Vice President of US business operations for Playtech, emphasised the crucial role of innovation in catering to the next generation of players.
Justin Park, CEO of Betty.ca, an online slots site for women, highlighted that female players constitute a significant portion (40% to 45%) of their business. Park stressed the importance of reimagining traditional gambling products to meet the evolving needs of clients.
Oliver Batlett, Vice President of gaming product for BetMGM, emphasised the challenge of aligning offerings with individual preferences. Bartlett underscored the potential role of artificial intelligence and algorithms in assisting clients navigate in the world of online games. He highlighted the industry-wide imperative to deliver relevant content to users at the right time.
Karolina Pelc, CEO of BeyondPlay, underlined the importance of fostering shared experiences and community within online gambling. Pelc stressed the need for continuous dialogue with players and said that innovation lies in understanding and responding to their evolving needs.
