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Class II Affiliate document requirements for Romanian License

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Class II Affiliate License requirements

In order to get a “Class II ” license for the activity of affiliate, you require a few things. The papers and documents you provide must be up-to-date and reflecting the present status of your company.  Thus the first thing you need to provide is:

  1. A document that states the “Legal representatives of the economic operator or self-employed person authorized to develop the activity will describe the gambling activity and also the internet domains where will operate”; meaning they will have to offer details about the activity they have on specific domains, not far from a formal description, but with more information about the “background” of the business. It should be forwarded as a “application”
  2. “A document that shows – criminal records certificate issued by Romanian authorities or similar documents issued by foreign authorities which stated that the economic operator and its placeholders or self-employed person where not convicted for intentional law-breaking;”. This can be requested at any police station. If the request comes from a foreign country, then this document can be requested via Diplomatic Offices.
  3. Articles of association for company”; This basically refers to the official documents that state the legal status of your company, the very-basic documents that started the company.
  4. And finally :“Ascertaining certificate or similar documents, issued by competent foreign authorities which stated: registered office address, assignment number, identification information for company members and legal representatives,  issued share capital and paid-up share capital values”.

 

Not much, is it? Also, you have to remember to translate all the documents mentioned above in the Romanian language before you send them. If you have any problems regarding these documents or still unclear of certain things, you can always visit http://onjn.gov.ro/en/ and read about FAQ or contact the people there.

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Fantasy Sports

Scout Gaming launches Spring Championship of online fantasy football with €500,000 guaranteed prizepool

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Scout Gaming launches Spring Championship of online fantasy football with €500,000 guaranteed prizepool

Due to high demand, and the success of the WCOFF (World Championship of Online Fantasy Football) that was held on FanTeam.com in December, Scout Gaming Group just launched the biggest Fantasy Football tournament in Europe ever, with a total prize pool of €500,000, where minimum €150,000 goes to the winner.

As the leading B2B fantasy sports provider, and with the world’s biggest fantasy tournament network, Scout Gaming Group is once again breaking records, launching the first ever Spring Championship of Fantasy Football. The tournament will take place with game week 37 and game week 38 in the Premier League in May and will be available to all partners in the Scout Gaming Network.

The buy-in will be €1,100, but there will be plenty of opportunities for users to qualify through satellites that start with buy in as low as €1. The tournament has a max number of seats available at 1000, making the maximum prize pool €1,000,000.

The Spring Championship is a dual game week event played daily fantasy-style, on 2 separate game weeks for the English Premier League: GW 37 & GW 38. Participants in the tournament will get to pick a brand new daily fantasy team each of the game weeks, with the normal Scout Gaming daily fantasy rules. Points for both game weeks will then be added together, and the final ranking will be decided based on that.

Scout Gaming Group is the world’s biggest B2B fantasy provider, offering a wide variety of game types, sports and leagues, with real money buy-ins in the world’s biggest fantasy network.

Additionally, Scout Gaming Group is a pioneer in offering betting odds on fantasy points/duels/matchups. Using the same scoring system as for fantasy-tournaments, it is possible bet on players from different matches, different leagues, and even from different sports! Scout Gaming Group is also offering a sportsbook with more traditional sportsbetting products, excellent to convert Fantasy-players into sportsbook players, a Matchup-game and other betting-products.

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Fantasy Sports

Fantasy Sports Interactive Partners with Cashpoint Malta

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Fantasy Sports Interactive Ltd. (FSI) has signed a contract with Cashpoint Malta Ltd. (Cashpoint), part of Gauselmann Group

 

London, United Kingdom, Monday, 9 January 2018 – Fantasy Sports Interactive Ltd. (FSI) are delighted to officially announce their partnership with Cashpoint Malta Ltd. (Cashpoint).

Fantasy Sports Interactive Ltd. (FSI) has signed a contract with Cashpoint Malta Ltd.(Cashpoint), part of Gauselmann Group, for the provision of Fantasy Sports and Daily Fantasy Sports services to the brands managed by Cashpoint in Germany and Austria (including ‘Cashpoint’ and ‘XTiP’). The unique product mix to be offered by Cashpoint, will expand on typical Fantasy Sports offerings to bridge the popular skill game with traditional sportsbook, thus creating a game appealing to both categories of players. The product will feature sophisticated cross-selling elements and is able to introduce a new category of players to existing Cashpoint products. The service is scheduled to launch on Q1/18.

About FSI: Fantasy Sports Interactive is a leading software provider for Fantasy Sports solutions. The company focuses in the provision of fully customisable services to gaming operators, with a product portfolio that can adapt to regulatory requirements in any jurisdiction. FSI has great experience in the gaming industry as it was the first to introduce a ‘Fantasy Sportsbook’ in Europe in 2015 through Bet4theBest Ltd., FSI’s own proof of concept. Bet4theBest’s operation, licensed by the UK Gambling Commission and the Malta Gaming Authority, has offered the team great insight and market intelligence that was used to continuously improve the service and recognise ways to better promote it.
Conveying such experience to FSI’s customers adds value to the service and ensures a successful product launch by them.

About Cashpoint: Cashpoint is the sports betting arm of Gauselmann Group. Cashpoint operates primarily in central Europe and is rapidly expanding globally. It operates more than 5,000 betting outlets internationally and its brands include ‘Cashpoint’ and ‘XTiP’.
Gauselmann operates since 1957, offering a full spectrum of gaming services including online and retail sportsbook, gaming machines, casino halls and financial services.

Fantasy Sports Interactive CEO, Mr. Dennis Tsalikis, stated that the FSI team is honoured and happy to enter a partnership with Cashpoint, a leading player in the sports betting industry and subsidiary of an organisation of international acclaim, such as the Gauselmann Group. Mr. Tsalikis and FSI see great future for fantasy sports in Germany and Austria.

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Lawmakers Look To Clarify Playing Fantasy Sports Is Not Gambling

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Lawmakers are once again working to assure the 3-million Floridians who play fantasy sports with friends that they’re not breaking the law.

 

A measure from Tampa Republican Senator Dana Young would clarify that playing fantasy sports does not constitute gambling. The Seminole Tribe of Florida has raised concerns about the legislation violating the tribe’s gambling exclusivity agreement with the state. But Young says she’s not worried.

There is a federal law the regulates online or internet gambling that specifically excludes fantasy sports because they are skill based games and it states in that law that they are skill based games,” Young says.

Furthermore, Young says if fantasy sports were somehow found to be gambling that wouldn’t have an impact on the state’s revenue.

It’s matching my ability to look at statistics and the abilities of specific players and put together a strong team,” Young said.

Senator Jeff Brandes says he trusts Young will be able to work out the NEW the legislation. ”These things evolve during session, so I look forward to seeing how it all plays out,” Brandes said. 

If the tribe pulls out of the compact, it would cost the state more than $200 million a year. The bill doesn’t allow for betting on high school and college sports.

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