Connect with us
Atlaslive - robust, scalable, and reliable igaming platform

Latest News

UKGC Data Analytics Manager Jason Davies Explains the Changes to Regulatory Returns Submissions Required by Licensees

Published

on

Reading Time: 2 minutes

 

The UK Gambling Commission (UKGC) has recently made a significant shift in regulatory reporting requirements for all licensed operators. Previously operators were obligated to submit regulatory returns annually, but under the new rules submissions will be required every quarter.

UKGC Data Analytics Manager, Jason Davies, explains the changes to regulatory returns submissions required by licensees.

“On 1 July 2024 the Gambling Commission updated Licence Condition 15.3.1 – General and regulatory returns of the Licence Conditions and Code of Practice (LCCP) to require all licensees to submit their regulatory returns on a quarterly basis within 28 days of the end of the reporting period. Quarterly returns support our aim to be a risk-based, evidence led and outcomes focused regulator and contribute towards our aspirations outlined in our Corporate Strategy 2024 to 2027 to use data and analytics to make gambling regulation more effective.

“As well as quarterly submissions for all licensees, we have introduced harmonised reporting periods which means all licensees submit data for the same time period, in the first instance for the period 1 July 2024 to 30 September 2024. This is important as more regular data, coupled with harmonised reporting periods will ensure the Commission can analyse changes in the market on a timely basis and manage our income more effectively. It will also mean we can publish this information more frequently, for those wanting to use our official statistics on the gambling market for their own work.

“Whilst we are aware that when we consulted on this change to regulatory returns there was a concern amongst some licensees about the increased frequency of reporting, we have tried to balance this out by removing a significant number of questions from regulatory returns across all return types. We’ve listed all of the questions we have removed within the Question removal section of Regulatory returns changes – effective from 1 July 2024.

“The transition to quarterly regulatory returns on the 1 July 2024 means that most licensees will have seen their last regulatory return (whether they were previously on an annual or quarterly cycle) changed to have an end date of 30 June 2024. We’ve had to do this to align licensees to the new reporting schedule from 1 July, but it means that most licensees will need to submit a partial return. These partial returns are due by the 28 July 2024 (for any licensees who previously completed a quarterly return) or 12 August 2024 (for any licensee who previously completed an annual return). You can log into eServices and complete this now.

“We’ve also updated the Regulatory returns guidance, so far we’ve removed any reference to fields which have been removed from regulatory returns from 1 July 2024 onwards and also added in definitions for fields which were previously automatically calculated within eServices.

“We have some more work to do on the guidance, acting on feedback that licensees shared with us in an early part of the regulatory returns project, where they told us that the guidance for some questions was unclear. We’ll be reviewing these and make sure they are updated by the end of August. Fundamentally we would not be changing what we are asking for, but we’ll try and add some more clarity.”

The post UKGC Data Analytics Manager Jason Davies Explains the Changes to Regulatory Returns Submissions Required by Licensees appeared first on European Gaming Industry News.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Continue Reading
Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Latest News

Match of LeGGends: Double Down. Highlights of the show match between NAVI and Team Vitality

Published

on

Reading Time: 2 minutes

 

On 5 October, the highly anticipated show match between NAVI and Team Vitality took place, organized by the betting brand GG.BET. Match of LeGGends: Double Down drew in more than 300,000 views on the official broadcast channels, becoming one of the most spectacular esports events of 2024.

The show match featured unique game modes not typically seen in tournaments, making it truly unforgettable.

The first legendary map, Tuscan, was played in an MR12 format. Team Vitality dominated the first half, but NAVI, in typical style, managed to make a comeback and secure victory with a 13:11 score.

In the second stage, the players faced off in Arms Race on the maps Shoots, Pool Day, and Baggage, where each kill leveled up the player and granted them a new weapon. The final item was a golden knife, with a frag scored using it guaranteeing victory for the team. The atmosphere was electric, with dynamic gameplay and breathtaking moments electrifying the audience. The crowd especially enjoyed the duels between the tournament’s S-Tier MVPs Mathieu “ZywOo” Herbaut and Justinas “jL” Lekavičius. Their battle was the highlight of the match, as jL snatched a win on the first map, Shoots, but ZywOo came out on top on the next two, Pool Day and Baggage, securing victory for Team Vitality.

The show match concluded with Hostage Rescue on the Italy map, where the Counter-Terrorists attempted to rescue the hostages, while the Terrorists tried to stop them. The teams fought so fiercely that they played three rounds of overtime, with Team Vitality finally winning 22:20.

The organizer, GG.BET, has put together the most exciting highlights of the NAVI vs. Vitality show match – Match of LeGGends: Double Down!

It’s worth noting that GG.BET also hosted a show match between the two legendary teams in July 2023.

The post Match of LeGGends: Double Down. Highlights of the show match between NAVI and Team Vitality appeared first on European Gaming Industry News.

Continue Reading

Latest News

Paysafe launches strategic partnership with GiG

Published

on

Reading Time: 2 minutes

 

GiG selects Paysafe as strategic payment provider for global operators integrating its leading CoreX B2B iGaming solution

Paysafe (NYSE: PSFE), a global payments platform, today announced a strategic partnership with Gaming Innovation Group or “GiG” (First North: GIG SDB), a leading B2B iGaming technology company. Under the agreement, Paysafe becomes the GiG-endorsed payments platform for all UK, continental European, North American and Latin American operators integrating its market-leading CoreX solution.

Launched by GiG in January, CoreX is an AI-driven player account management (PAM) platform serving online casino and sports-betting brands, giving operators the flexibility to localize their operations to any regulated jurisdiction. GiG’s global reach will be further strengthened by integrating the highly robust processing capabilities of Paysafe’s local payment methods (LPMs).

Whether an operator is focused on the mature UK market or the evolving US or South American sports-betting spaces, GiG’s technology is complemented by connectivity to the Paysafe Gateway, supporting seamless debit or credit card transactions plus Paysafe’s suite of LPMs, including its Skrill and NETELLER digital wallets and paysafecard and Paysafecash eCash solutions. Beyond Paysafe’s own LPMs, the Gateway also enables access to 30+ third-party LPMs, including solutions with high brand-recognition in specific markets.

Aligned with GiG’s own ethos of agility, the Paysafe Gateway provides all operators with the flexibility to add new LPMs according to market needs and evolving player payment preferences.

“We’re delighted to partner with Gaming Innovation Group, which is one of the gaming industry’s true innovators when it comes to player account management platforms,” said Zak Cutler, President of Global Gaming at Paysafe. “With the global regulated iGaming space increasingly complex, we share GiG’s philosophy of providing operators with the ability to adapt their operations to each unique market while remaining nimble. Together, we look forward to giving our mutual operator partners a competitive edge to support their growth in new and existing markets.”

James Coxon, Chief Operating Officer at Gaming Innovation Group, commented: “Partnering with Paysafe marks another important step forward in ensuring that our operators have access to the most
seamless, flexible, and secure payment solutions available on the market, tailored to their specific market needs. As we continue to expand globally, leading innovation throughout the industry with our iGaming platform and sportsbook solution, Paysafe’s extensive payment capabilities provide the reliability and adaptability that align with our vision of delivering opportunities for growth.”

Coxon added, “This collaboration further strengthens what we can offer, providing more evidence of our commitment to empowering our partners’ success in an increasingly competitive and complex iGaming landscape.”

Paysafe will be exhibiting at Booth #3809 of the Global Gaming Expo (G2E) in Las Vegas from October 7th to 9th.

 

The post Paysafe launches strategic partnership with GiG appeared first on European Gaming Industry News.

Continue Reading

Latest News

FBMDS and FBM Foundation host solidarity keepy-uppy initiative at G2E Las Vegas 2024

Published

on

Reading Time: 2 minutes

 

FBM Digital Systems (FBMDS), a leader in iGaming innovation, and FBM Foundation are joining forces to host a special solidarity initiative linked to the Ronaldinho Crash game by FBMDS at this year’s Global Gaming Expo (G2E) in Las Vegas. From October 8th to 10th, visitors to booth 2848 will have the opportunity to participate in a Keepy-Uppy Challenge, designed to give back to communities in need while promoting the spirit of solidarity.

The initiative invites attendees to show off their soccer skills in a simple but meaningful way: for every successful keepy-uppy (juggle) a participant completes on the newest Ronaldinho Crash game, the FBM Foundation will donate $1 to support vulnerable communities around the world. These donations are going to be made to individuals affected by natural disasters, children in need of educational resources, and other vulnerable groups.

This is FBM Foundation’s first ever participation at an international casino gaming trade-show and the choice of G2E Las Vegas to make its debut was not random. Choosing a stage like the Global Gaming Expo was the right move to showcase the Group’s will to make a difference in the world, sharing its solidarity footprint with a broader, diverse audience of casino gaming enthusiasts, casino operators, players and industry professionals.

“We believe in the power of coming together for a greater purpose,” says Renato Almeida, Director of FBM®️ Group. “This initiative not only highlights the team-building spirit that defines FBMDS, but it also allows us to showcase the work of the FBM Foundation and our commitment to making a positive impact on the world with the help of G2E Las Vegas.”

FBM Foundation has long been dedicated to supporting causes that promote education, community development, and relief efforts for those impacted by crises in the Philippines, Brazil and beyond. “Through this keepy-uppy challenge, FBMDS and FBM Foundation aim to inspire action and demonstrate how collective efforts—whether on the field or off—can make a real difference in the lives of those who need it most”, shares FBM Foundation’s representative, Vítor Francisco.

The Ronaldinho Crash game is one of FBMDS’ latest product releases, featuring the global football legend Ronaldinho Gaúcho on a thrilling keepy-uppy crash gaming experience. The game, which was officially launched during the American Cup and will be available to try at the fair, is already winning over crowds in multiple countries around the globe.

In addition to Ronaldinho Crash, visitors to G2E Las Vegas 2024 will be able to experience for the first time the new Infinity Series video bingo line and the new Sapphire Fever bingo, the new Safe Blaster slot game, as well as the popular Champion Tales crash game, the famous Top+Plus table games collection and much more.

Attendees at G2E Las Vegas 2024 are encouraged to stop by booth 2848, take part in the challenge, and help support the initiative between FBMDS and FBM Foundation. Whether you’re an expert juggler or simply want to get involved, every attempt counts towards the greater goal of raising funds for global causes.

 

The post FBMDS and FBM Foundation host solidarity keepy-uppy initiative at G2E Las Vegas 2024 appeared first on European Gaming Industry News.

Continue Reading

Trending

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.