Compliance Updates
OneComply’s Clients Drive Adoption by Eight Jurisdictions for Gaming Licensing Investigations
OneComply is pleased to announce that through customer requested engagement, eight jurisdictions are now accessing applicant licensing information shared in our client’s secure OneComply data repository to conduct their investigations, which is a normal part of the licensing process.
Investigators in jurisdictions including Tennessee, Maryland, Colorado, Ohio, Virginia and Indiana have now accessed data that is securely shared with them by OneComply clients, in order to conduct their investigations. The acceptance by regulators of utilizing the OneComply data repository for their investigations ensures a highly secure and efficient process, without using 3rd party file sharing sites.
Background: The gaming licensing investigative process
Virtually every time a company submits a key person or business application for a state gaming license, they’ll receive a request back from the regulator or an investigator to provide additional information to support the application.
Until now, this required the licensing staff to manually begin the process of finding (or asking for) all the requested information, copying the files, organizing them into folders, and then uploading all the information to an external file sharing site like Dropbox. Then they’ll go through the process to provide access to the site for the respective regulator or investigator. In some cases, applicants are asked to mail in sensitive documents to investigators.
Since most, if not all, of the information being requested by a regulator or investigator is already stored inside our client’s OneComply Document Repository, as part of their personal or business disclosure process, the job of organizing and sharing the information from within OneComply is easy, fast and highly secure.
OneComply clients simply create a new folder inside their Document Repository, copy the files already residing in OneComply (while retaining their existing folder structure) and then securely share the folder with the regulator/investigator. Once the investigation is complete, permission to access the share folder is removed, ensuring ongoing data security.
“We’ve always known that what we’re providing to our clients is also a value-add to regulators,” says Cameron Conn, Founder and CEO of OneComply. “Our clients love that we’ve simplified another of their licensing tasks and regulators are also seeing efficiencies in their investigative process. This capability not only centralizes data access for regulators, but reduces exposure to our clients from copying private documents from multiple locations to external file sharing sites. We look forward to more jurisdiction coming onboard to benefit from this important capability.”
“It was such a great surprise realizing we could instantly share our information directly to investigators in OneComply,” says Christopher Kape, Chairman & CEO of Out The Gate, Inc. “This is an important innovation for the industry and provides a direct line for us to share information with the regulator using an extremely simple and secure process.”
OneComply – significant milestones achieved in 2022
2022 has been an exceptional year for OneComply, achieving an impressive growth in customers including some of the world’s top gaming companies while delivering a number of innovative new product features and capabilities to our clients. OneComply also closed a significant financing led by Warner Investments with participation from gaming industry experts including Katie Lever, Benjie Cherniak and Quintin Singleton.
OneComply has received numerous industry accolades in 2022 including winning the VIXIO Gambling Compliance Innovation of the Year and EGR B2B Corporate Services Supplier of the Year; runner-up for the SBC Compliance Solution of the Year, Global Gaming Business Digital Product of the Year and EGR North America Best Product Innovation; plus shortlist recognition for several more important industry awards.
Compliance Updates
Massachusetts Gaming Commission Launches Official Seal of Approval
The Massachusetts Gaming Commission (MGC) has recently developed and adopted an official seal of approval, which all licensed sports betting operators in the state are now required to display on their digital platforms. The introduction of this seal represents a significant step in the MGC’s ongoing efforts to promote responsible and regulated gaming within the Commonwealth.
The seal is intended to serve as a clear signal to consumers that they are accessing a sports betting platform licensed and regulated by the MGC. By prominently featuring this seal, customers can easily distinguish between legal, licensed operators and unsafe, illegal alternatives.
“The MGC has spent considerable efforts ensuring that the operators licensed in the Commonwealth share our values and are committed to consumer protections and responsible gaming. Massachusetts residents who choose to gamble on sports deserve to know their data, personal and financial information are protected, and only the legal marketplace offers those protections. By locating this seal, users will be able to easily identify a legal sportsbook from an illegal operator,” said Commissioner Eileen O’Brien.
Offshore and unlicensed sports betting sites have been accessible to patrons across the US for years. However, with the legalization of sports wagering in Massachusetts, these offshore operators may attempt to present themselves as legitimate. Yet, they are not licensed by any state jurisdiction and do not comply with the same regulations and consumer protection standards as the legal market.
The risks of using these illegal platforms extend beyond potential data breaches or financial losses. Unlicensed operators may refuse to honor winning bets, leaving consumers with little to no recourse. Illegal gambling activities are also often tied to other serious crimes. The Massachusetts Attorney General’s Office has issued cease-and-desist orders to several major illicit operators. It will continue to monitor and take action against such unlawful activities in coordination with the MGC. The Commission would urge anyone looking for more information on illegal platforms to visit the website of the American Gaming Association.
This newly adopted seal serves as a visual reminder of the regulations in Massachusetts’s legal sports betting market. It enhances consumer protection and builds trust with members of the public who choose to engage in sports betting. By identifying the official MGC seal, customers can have peace of mind knowing they are accessing a fully licensed platform compliant with the Commonwealth’s laws and regulations.
Compliance Updates
Internet Vikings Provides VMware License to Alpha Innovations
Internet Vikings, a licensed in-state hosting provider for iGaming and online sports betting, announces their partnership with Alpha Innovations, a provider of data center services. Under the agreement Internet Vikings will supply Alpha Innovations with VMware licensing through its VMware White Label solution.
Alpha Innovations, known for being a leading Managed Services Provider including cloud computing, data storage, and backup, has chosen to partner with Internet Vikings, a member of the Broadcom Premier Partnership program. This membership highlights Internet Vikings’ capabilities in supporting large-scale and highly regulated environments.
Internet Vikings will provide Alpha Innovations with the essential VMware license, an asset for their cloud offerings. This addition enhances Alpha Innovations’ capability to set up and maintain regulated and compliant cloud environments while upholding their high standards.
“The added value of our licensing solutions and support services aligns perfectly with Alpha Innovations’ needs,” said Rickard Vikström, CEO and Founder at Internet Vikings.
Douglas Tate, CEO at Alpha Innovations added, “As a leading Managed Service Provider (MSP), Alpha Innovations is always looking for ways to improve our service offerings. Our partnership with Internet Vikings is a win-win for our clients. By leveraging Internet Vikings’ VMware licensing solutions, we can offer our clients more flexible, scalable, and secure cloud solutions. This will ultimately help our clients achieve their business goals more efficiently and effectively.”
Both companies are committed to maintaining a transparent and mutually beneficial relationship, demonstrating how data centers and hosting providers can collaborate to meet the licensing needs of the industry.
Canada
ComeOn Group adds sportsbook to its offering in Ontario
ComeOn Group announced a significant milestone in its sportsbook expansion journey with the addition of sportsbook to their offering in Ontario following the successful acquisition of the required permits. This addition represents a strategic advancement in the Groups sportsbook growth trajectory where they are set to double its sportsbook business in the coming years.
ComeOn Group is one of 51 active operators in Ontario. The Ontario market has experienced robust growth since its launch, reaching C$6.7 billion in revenue in 2023.* By 2029, the market is forecasted to grow by a total of 29%, with 2024 expected to close with a 20% increase.
ComeOn keeps investing in its sportsbook business acceleration that is powered by its proprietary sportsbook platform and in-house risk management and trading team. As a multi product vertical operator, ComeOn is striving to give its customer base a safe and exciting entertainment destination and this approach is now expanded to their Ontario audience.
Juergen Reutter, Chief Executive Officer at ComeOn Group, said: “We are very excited about the opportunities this new milestone opens up for us. As a casino-led operator it represents a key part of our sportsbook strategy to double our business in the coming years. Like in any of our other markets, we are striving for a differentiated sportsbook entertainment experience that is powered by our in-house technology. Our goal is to deliver top-tier entertainment to our players while fostering safe and innovative gaming experiences.”
*Source – H2GC H2 Ontario Data 25.10.2024 (excl. Lottery)
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