Compliance Updates
Iowa Legislator Introduces Bill to Legalize Online Slot and Table Games
A lawmaker in the American state of Iowa has proposed legislation that looks to further expand the Midwestern jurisdiction’s iGaming market by legalizing the provision of online slot and table games.
Iowa is home to almost 3.2 million people and has allowed local sports betting aficionados to place wagers online since August of 2019. The state’s 17-strong club of licensed sports wagering domains has since gone on to rack up more than $5.4 billion in aggregated handle and contribute nearly $24.9 million in associated tax revenues.
Bobby Kaufmann is a Republican member of the Iowa House of Representatives and has now lodged his prospective House Study Bill 227 (HSB 227) as part of an effort to bring online slot and table games to punters in ‘The Hawkeye State’. The 38-year-old legislator revealed that the successful passage of his bill would result in a lot of benefits for the state’s embryonic iGaming market along with as much as $35 million in extra tax revenues every year.
Six American states encompassing Delaware, Connecticut, New Jersey, Michigan Pennsylvania and West Virginia currently allow residents to enjoy slot and table games entertainment over the Internet while Nevada permits online poker. Kaufmann asserted that he introduced HSB 227 so as to keep the conversation on the local expansion of iGaming current with his proposed bill having already been referred to the Iowa House of Representative’s Ways and Means Committee, in which he serves as Chair.
A virtual clone of the unsuccessful HSB 604 measure Kaufmann introduced last year, HSB 227 seeks to allow the 19 land-based and riverboat casinos in Iowa to obtain licenses for the provision of online slot and table games. Although no tax details have been included within the language, the Iowa Racing and Gaming Commission detailed that the jurisdiction’s retail gambling establishments generated more than $143 million in adjusted gross revenues in February including some $11.9 million from sports betting.
However, Kaufmann conceded that HSB 227 is not likely to be approved anytime soon and may not even be put up for a full vote before the start of the state’s 2024 legislative session. The bill’s prospects have been further complicated by a measure approved by Iowa Governor Kim Reynolds in June that implemented a two-year moratorium on the issuance of any new gaming licenses.
Casino operators in Iowa supported the licensing freeze to July of 2024 in hopes of bringing stability to a market that is continuing to suffer from the negative impacts of the coronavirus pandemic alongside the recent appearance of gambling establishments in the neighboring jurisdiction of Nebraska. Jack Whitver from the Iowa State Senate asserted that the last few years have seen ‘a lot of changes to our gaming laws’ and there now potentially exists ‘a little, maybe a lot, of gaming fatigue within the Capitol’.
Compliance Updates
JCM Global Receives Approval to Operate in West Virginia
JCM Global announced that it has successfully passed regulatory review and received a manufacturer’s license from the West Virginia Lottery Commission. The license enables JCM to directly sell to and service customers in the state.
“At JCM, we are committed to our customers. While attaining licensing was not required, we pursued it because it allows us to directly provide JCM’s leading technology and advanced systems, backed by our world-class service, and support, resulting in faster service times and simplifying the entire relationship between JCM and our customers,” said JCM SVP – Sales, Marketing & Operations Dave Kubajak in a statement.
JCM recently announced it has attained licenses in Colorado and New Mexico, bringing the company’s total number of active gaming licenses to 177.
In West Virginia, JCM will provide technology, including the iVIZION bill validator; ICB Intelligent Cash Box System, which boosts security and efficiencies across the gaming floor; and the GEN5 thermal printer, which delivers TITO, personalized promotions, and rewards directly to the player.
Compliance Updates
SYNOT Games Officially Certifies Over 140 Games in Brazil
SYNOT Games has announced that more than 140 of its games have now been officially certified in Brazil.
“We are delighted to announce that more than 140 of our games have now been officially certified in Brazil. This significant achievement allows us to expand our reach and introduce a diverse selection of games to this dynamic market. Brazil represents a key opportunity for growth, and we are committed to delivering exceptional gaming experiences to the Brazilian audience,” the Company said.
“We are thrilled to introduce our portfolio in Brazil, offering innovative and engaging gameplay that promises to captivate and entertain players,” Martina Krajci, CCO at SYNOT Games, said.
Compliance Updates
Delasport Now GLI-Certified for Sports Betting in Brazil
Delasport has just become one of the first suppliers to obtain a GLI certification for its sportsbook in Brazil, two weeks before the historical regulation comes into effect.
Continuing its global growth, Delasport is bringing several operators on board in Brazil. In order to complete the process, operators that are applying for a new Brazilian license have 30 days to provide all relevant platform certificates from the moment that they are notified by the regulator that their initial submission has been accepted. This is also the moment that they can pay the license fee. Still, failure to provide platform certificates will result in the application being placed on hold.
Delasport turned to Gaming Laboratories International (GLI) for the certification of its sportsbook against Brazilian technical standards. The historical partnership with GLI was further strengthened by the news, a few months back, that GLI had become the first laboratory to achieve the local accreditation to certify for betting systems, live game studios, and online games by the Secretaria De Prêmios e Apostas (SPA) in Brazil.
Delasport has successfully met all technical requirements for providing its sports betting solution to the largest country in South America. The certificate is evidence of the team’s experience, expertise, and determination to lead the way in key jurisdictions.
Obtaining a GLI certification for Brazil is a step towards cementing the trust players and operators have for Delasport’s products. This serves to show that the award-winning supplier is capable of meeting even the strictest industry standards for integrity and fairness.
“When we learnt that providing platform certificates to the regulator was on our partner operators’ critical path for obtaining the license, we immediately prioritized submitting the system to GLI for testing”, Delasport’s Chief Compliance Officer Filippo Ferri said. “Needless to say, GLI did a tremendous job of working with us to conduct the tests in record time, to match the submission deadline of some of our clients. I am also very proud of how our internal departments worked together to obtain this certificate, and of how they continue to push forward with the delivery of a datavault system that complies with SIGAP requirements.”
Operators that plan on entering the newly regulated Brazilian market will now have numerous advantages if they partner with Delasport. They will be able to provide their players with personalization features like My Sportsbook, My Event Builder, and My Combo that skyrocket revenues and retention.
Furthermore, Delasport’s KYC and AML provider is a market leader that guarantees the highest level of compliance for all operators that choose to go on this route.
Also, Delasport has already partnered with numerous local payment system providers and offers a real-time AI-powered Responsible Gambling system which can easily adapt to local regulations.
Last, but not least, operators will feel Delasport’s support from the get-go all the way to establishing themselves as a market leader. Delasport is knowledgeable of cultural and regional differences and can address all localization needs from the early stages of engagement.
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