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Compliance Updates

PayNearMe Approved to Process Online Sports Betting and iGaming Payments in Michigan, Operators Now Accepting Deposits

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PayNearMe Approved to Process Online Sports Betting and iGaming Payments in Michigan, Operators Now Accepting Deposits

 

PayNearMe, the payments platform designed to manage the complexities of iGaming, announced the company has been granted approval by the Michigan Gaming Control Board to provide its award-winning iGaming solution, which simplifies the deposit and payout experience across a wide range of payment types, to licensed operators within the state.

William Hill US, a longtime leader in sports betting and recently acquired by Caesars Entertainment, has been accepting cash deposits at retail locations with PayNearMe since April 2015, and is among the first to go live in Michigan with the company.

PayNearMe has launched three clients in Michigan that represent over half of the market, and is actively working to enable additional operators across the state to accept players’ cash and electronic payment deposits.

“PayNearMe is excited to take our operators live in Michigan. We worked closely with the Michigan Gaming Control Board to ensure our service is compliant with all applicable statutory requirements,” said Connor McNulty, Senior Regulatory Counsel, PayNearMe. “PayNearMe now operates and processes payments for licensed online sports betting and iGaming operators in 12 U.S. states, and we’re focused on quickly and efficiently expanding our gaming footprint as new states legalize online sports betting and iGaming.”

PayNearMe provides a complete payment solution for online sports betting and iGaming, with a focus on removing friction to enable operators to deliver a best-in-class player journey. With one platform and integration, operators can facilitate deposits, payouts and engagements using data to automate decisioning and better manage payment experiences that ultimately reduce costs and increase revenue.

Compliance Updates

Swifty Global Secures GLI Certification for New Cutting-Edge B2B Gaming Platform

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Dear Cashmere Holding Company (OTC: DRCR) also known as Swifty Global (Swifty), is a cutting-edge technology firm focused on creating ground-breaking solutions in the sports betting and gaming sector. Swifty currently holds licenses spanning several global jurisdictions with many more licenses in process. Swifty currently operates its proprietary swipe betting sports prediction application, as well as its traditional sportsbook and casino gaming platforms in numerous jurisdictions.

In a significant step forward, Swifty is proud to announce the completion and approval of the Gaming Laboratories International (GLI) certification for the company’s new innovative B2B gaming platform which has now been certified in the UK and can also be used for operators in Isle of Man, Gibraltar, Estonia and Malta. The newly developed B2B platform sits at the center of the Swifty Global scaling and growth strategy and will unlock a substantial new revenue stream for the business.

‘‘Securing this endorsement from GLI effectively certifies our B2B platform readiness for deployment across most European markets, and with this in mind we anticipate a significant spike in revenue over the coming months as we begin to roll out our new offering. Conversations are already underway with several sportsbooks and casinos, and we are confident that the first deal for this B2B platform will close by year end,” commented James Gibbons, CEO of Swifty Global.

In line with this, Swifty has recently completed the gap analysis for the South African SANS 1718 standards. The minimal changes requested by the gambling regulator once again highlights the robust nature of the Swifty product offering. This positive outcome has set the stage for the company to pursue official certification, which Swifty will initiate within the next two weeks. Once fully certified Swifty is set to officially launch its offering into the $1.8 billion South African gambling sector.

In addition to market and product expansion, Swifty’s relentless focus on enhancing its current offerings continues with the launch of its second major release of its platform, packed with a suite of innovative updates. This includes AI-powered multilingual support, enhancing global user accessibility, and affiliate management integration to open new marketing channels through sites like gambling .com. The release also introduces a dynamic modular interface for creating personalized user pages with various components like sports and casino widgets, adaptable based on user location. Significant enhancements also include a casino aggregator, an improved reporting module, and an AI-driven bonus rules engine, all aimed at elevating user engagement.

‘‘These updates collectively mark a major update to Swifty’s gaming offering, reflecting our commitment to continued innovation and user-centric design. With AI-powered enhancements and a dynamic modular interface, we’re not just keeping pace with the industry – we’re setting a new benchmark for what a gaming platform can offer. As we move towards the close of Q4, I am extremely confident about what the future holds for Swifty Global. The convergence of our technological advancements, new partnerships, and market expansion is set to drive substantial growth into the new year, delivering with it significant value for our loyal shareholders,” concluded Gibbons.

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Compliance Updates

BMM Testlabs Is Ready to Perform Compliance in Three Brazilian States that have Authorized iGaming

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BMM Testlabs, the world’s original gaming test lab and product certification consultancy, today announced that it is ready to perform compliance testing and certification in the three Brazilian states that have recently regulated iGaming and sports betting; Rio de Janeiro, Paraiba and Parana.

These three states are all in the process of granting operator licenses, which will allow operators to provide fixed-odds sports betting, casino games and games of skill.

BMM Testlabs, as part of its commitment to the Brazilian market, is establishing a local presence to serve the newly regulated Brazilian iGaming markets. BMM Testlabs will provide its full suite of compliance services and solutions including pre-compliance testing, customized security audits, geolocation testing and software quality assurance.

This exciting milestone is the result of BMM Testlabs’ exceptional service to the global gaming industry, its commitment to the Latin America market for more than 16 years and the strong partnerships it has forged with regulators throughout the region.

BMM Testlabs is a trusted independent testing laboratory for compliance services throughout Latin America with offices in Argentina and Peru. The company’s unparalleled understanding of the region’s technical compliance requirements, high-quality product testing and dedicated local customer support services ensures customer confidence in their choice of a testing laboratory.

BMM Testlabs’ Executive Vice-President of Europe and South America, Marzia Turrini (pictured), expressed enthusiasm for the momentum in Brazil and the potential for growth, saying: “We look forward to partnering with operators and suppliers to provide our best-in-class compliance and certification services for this new and potentially huge gaming market in Brazil”.

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Compliance Updates

R Franco Technologies’ Iris Platform Earns GLI Certification for Puerto Rico Sports Betting

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R Franco Technologies SLU, a company belonging to R Franco Group, has secured a compliance Certificate for its Iris platform from Gaming Laboratories International (GLI) LLC for Puerto Rico Gaming Commission’s sports wagering rules and regulations.

The certification underscores R Franco Technologies’ commitment to maintaining the highest standards of regulatory requirements in the dynamic iGaming industry. By obtaining this certification, R Franco Technologies demonstrates its dedication to providing secure, reliable and fully compliant solutions for its clients and partners.

The Iris platform, known for its cutting-edge technology and user-centric features, has undergone thorough testing and evaluation by GLI LLC, a globally recognized authority in gaming testing and certification.

This accreditation, in addition to its GLI-33 v1.1 Event Wagering Systems certificate, not only validates the excellence of R Franco’s Technologies but also assures operators in Puerto Rico’s sports betting market of the platform’s readiness to meet the high standards of the Puerto Rico Gaming Commission.

“We are delighted to have received this compliance certificate from GLI for our Iris platform,” the Head of Business Development for R Franco Digital, Guillermo Ruiperez, said. “This achievement reaffirms our dedication to providing top-tier solutions that not only meet but exceed industry regulations. We are committed to supporting the growth of the gaming industry in Puerto Rico.”

“We are excited about R Franco Technologies’ decision to enter the Puerto Rico market and congratulate it for becoming one of the first Ibero-American companies to achieve certification for the jurisdiction,” the Latin America and Caribbean Vice-President for GLI LLC, Karen Sierra-Hughes, said. “One of our objectives in Spain is to support our clients in their expansion goals and we are grateful for R Franco Technologies trusting GLI for this important milestone as we look forward to continuing to support it across the globe.”

R Franco Technologies’ collaboration with GLI LLC and its attainment of the compliance certificate further solidify its position as an industry leader and a trusted partner for gaming operators seeking innovative, secure, responsible and compliant solutions.

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