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IDnow welcomes agreement on a transition period for online gambling law in Germany
IDnow, a leading Identity verification specialist, welcomes that Germany’s 16 states have agreed to a transition period incorporating the new and upcoming legal framework by October 15th. This transition clarifies existing and new mandates including, and importantly, age verification requirements for online gambling. The new regime officially enters into effect in July of next year.
IDnow, in its mission is to make the connected world a safer place, is pleased about this decision among the German states. The company looks forward to supporting the operators in order to provide greater safety for users. For IDnow, this ensures better protection for customers under German law as well as clearer rules in regard to responsible gambling.
“This is a big step for Germany’s online gambling industry, and again, it shows the importance of eKYC methods and their need to evolve. In a world that becomes more and more digital by the day, we need to stay vigilant and constantly adapt our security requirements,” says Rayissa Armata, Head of Regulatory Affairs at IDnow. “IDnow strives to contribute to responsible corporate citizenship, ensuring that the social responsibility for this industry can be achieved effectively through innovative methods. This is the strong desire of the federal and state governments within Germany, and IDnow has been and – will continue to be – an active supporter of those efforts,” she adds.
“We have developed our products together with our clients – the biggest players in the market – , to perfectly meet their needs. IDnow offers AML compliant video verification, but also an approved automated verification solution. Gambling operators can choose, depending on their security needs, which of those multiple solutions they want to use. All of them fulfill mandatory age verification requirements,” says Oliver Obitayo CSO at IDnow. “To us its more than important that our clients can offer safe service platforms to customers so underage use can be prevented,” he adds.
After a period of uncertainty, each of Germany’s 16 states have agreed to a transition period for online gambling in Germany before the official start date of July 1, 2021. This transition period is noted by the shared agreement to not punish gambling companies who conform to the new law that will officially go into effect next year.
In January 2020, the German states agreed on an amendment to the State Treaty on Gambling (Glücksspielstaatsvertrag) that also comes into effect July 1, 2021. This date was partly put into jeopardy, as was the process to issue sports betting licenses, in the first half of this year when matters came to a halt due to a court injunction sought by an Austrian gambling operator.
In a welcome development last week, Germany’s 16 states agreed to a transition period for gambling activities. This will allow operators to offer casino style gaming and poker as long as such activities are fully-compliant with the draft for the new Glücksspielstaatsvertrag. Online gambling operators must meet all licensing requirements by an October 15 deadline. This will include an Age Verification (AV) solution for online operators.
Under the new and upcoming regulatory regime, the following changes will be implemented:
- It will be possible for German players to play online casino games and online poker under strict regulations
- A wagering limit of €1 will be placed per spin for slot games
- The number of licenses for table games will be limited to the number of physical locations for casinos in each state
- A €1,000 deposit limit will now be implemented across all online gambling verticals in Germany.
With the recent acquisition of Wirecard Communication Services into the IDnow Group, the Munich based company has created additional capacities and possibilities for more flexibility in order to be able to adequately support its customers in every situation.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: IDnow welcomes agreement on a transition period for online gambling law in Germany
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Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity
Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.
This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.
Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”
This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.
The post Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity appeared first on European Gaming Industry News.
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William Hill Announced as Official Betting Partner of Qipco Guineas Festival
Leading bookmaker becomes official betting partner of first UK Classic meeting of 2024
William Hill has been announced as the new official betting partner of the Qipco Guineas Festival, the first UK Classic meeting of the season.
It’s the latest addition to William Hill’s spring racing roster, following sponsorship of The Lincoln Handicap at Doncaster, the Punchestown Champion Chase and its status as official betting partner of the Randox Grand National Festival.
The 2,000 and 1,000 Guineas headline the three-day meeting and the leading bookmaker will sponsor 15 races across the weekend with the Jockey Club Stakes, Palace House and Dahlia Stakes among the races now featuring the William Hill title.
Aidan O’Brien’s unbeaten superstar City of Troy is still all the rage for the 2,000 Guineas at 4/6 whereas Karl Burke’s Fallen Angel heads a competitive looking 1,000 Guineas market at 7/2.
“We’re delighted to become the official betting partner of the Qipco Guineas Festival, strengthening our relationship with The Jockey Club on the back of a fantastic Grand National Festival,” a spokesperson for William Hill, Lee Phelps, said. “It’s brilliant for William Hill to be associated directly with such a prestigious event at Newmarket, the home of the thoroughbred, for this season’s first two Classics. The company has a close connection with the history of the 2,000 Guineas as William Hill himself bred the 1949 winner, Nimbus, who then went on to win the Derby.
“We’re excited to be involved at racing’s key meetings and see the Qipco Guineas Festival as the perfect sponsorship as the British flat season kicks into gear.”
Newmarket – 2,000 Guineas: May 4, 2024
City Of Troy | 4/6 |
Rosallion | 4/1 |
Notable Speech | 12/1 |
Henry Longfellow | 12/1 |
Night Raider | 16/1 |
Alyanaabi | 16/1 |
Ancient Wisdom | 16/1 |
Task Force | 16/1 |
Ghostwriter | 16/1 |
Iberian | 20/1 |
BAR | 25/1 |
Newmarket – 1,000 Guineas: May 5, 2024
Fallen Angel | 7/2 |
Ylang Ylang | 4/1 |
Dance Sequence | 5/1 |
Ramatuelle | 10/1 |
See The Fire | 12/1 |
Content | 12/1 |
One Look | 14/1 |
Pretty Crystal | 14/1 |
Buttons | 20/1 |
Purple Lily | 20/1 |
Porta Fortuna | 20/1 |
Star Style | 20/1 |
BAR | 25/1 |
The post William Hill Announced as Official Betting Partner of Qipco Guineas Festival appeared first on European Gaming Industry News.
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Midjiwan Supports Reforestation Efforts With New Elyrion Tribe Skin In The Battle Of Polytopia
Midjiwan, the award-winning independent studio behind The Battle of Polytopia, is celebrating Elyrion (∑∫ỹriȱŋ) Tribe Week with a brand-new Midnight (₼idŋighţ) skin and donations to support reforestation.
Tapping into the Elyrion Tribe’s nature magic abilities, every purchase of an Elyrion item in the game will plant one real-world tree from April 22-28 2024. Midjiwan has teamed up with The Canopy Project, an organisation that works with global partners to reforest areas in urgent need of rehabilitation, combining The Battle Of Polytopia’s themes with a desire to make real change in the world. Previous years of Elyrion Tribe Week have resulted in the planting of over 12,000 trees.
The Elyrion Tribe is a mysterious group of elves, dedicated to defending their woodland home with their unique magic and connection with nature. Players using the Elyrion tribe have the ability to enchant animals into Polytaurs and summon powerful Fire Dragons.
Christian Lövstedt, General Manager at Midjiwan, commented:
“This is a hugely exciting partnership, allowing players to support the planet and contribute to reforestation whilst also accessing brilliant new content to use in The Battle Of Polytopia.”
Alongside donating to The Canopy Project, The Battle Of Polytopia also boasts a brand-new skin for the Elyrion Tribe! The Midnight skin allows players to create graves, build crypts, and summon demons in dark forests, all in service of the mysterious Shard of D’Naeh.
The Midnight skin re-skins the entire Elyrion Tribe as the Midnight Cult. Everything the Elyrion Tribe is all about – nature, enchantment, and sanctuary – is turned on its head, corrupted into a dark, twisted dystopia of itself.
Midjiwan has already invested €250,000 in solar power projects in rural areas around Africa, and other charitable projects. The studio continues to seek opportunities to combine its in-game creativity with real-world benefits. The Battle of Polytopia is available on Nintendo Switch, the App Store, Google Play, PC, and Tesla cars.
The post Midjiwan Supports Reforestation Efforts With New Elyrion Tribe Skin In The Battle Of Polytopia appeared first on European Gaming Industry News.
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