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Compliance Updates

Success for Efforts to Bring Mobile Sports Betting and Resort Casinos to Texas

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The campaigns to bring resort casinos and mobile sports betting to the southern American state of Texas have been given significant boosts via news that a trio of associated legislative efforts have made it beyond the committee stage.

The Texas House of Representatives’ 13-member State Affairs Committee recently voted to advance House Joint Resolution (HJR) 155 and its enabling House Bill (HB) 2843 to the floor of the Texas State Capitol for a full vote. The successful passage of these proposals from Republican legislators Charlie Geren and John Kuempel respectively could see casino gaming brought to a limited number of destination resorts across ‘The Lone Star State’ including two for the area around the city of Dallas.

These two measures are now destined to be put to a vote before the 150 members of the Texas House of Representatives in hopes of being able to organize and hold a referendum on an associated constitutional amendment for as soon as November 7. Should residents of the giant state subsequently support this plebiscite and Texas would be permitted to license as many as eight Las Vegas-style resort casinos featuring high-class entertainment complexes, restaurants and gaming floors in addition to four or five-star hotels, convention facilities and retail elements.

Adding to this and the members of the State Affairs Committee have similarly approved a proposal from local Republican legislator Jeff Leach that is seeking permission to bring mobile sports betting to Texas. This measure is now destined to go for a vote before the full Texas House of Representatives and calls for individual operators to pay a 10% betting revenues tax after stumping up a $500,000 licensing fee.

The pro-casino Texas Destination Resort Alliance lobby group applauded the former moves and explained that millions of Texans currently travel to casinos in neighboring states such as Louisiana and Oklahoma where they annually spend an estimated $5 billion. The group’s spokesperson, Matt Hirsch, furthermore asserted that bringing such gambling-friendly facilities to cities such as Dallas, Houston and San Antonio would engender massive economic growth, create thousands of jobs and allow the jurisdiction to collect billions of dollars in tax that could be used to support a range of public safety, infrastructure and education programs.

“The efforts to bring destination resorts to Texas made significant progress with today’s vote,” Hirsch said. “Texans have made it clear that they want destination resorts in Texas and we are now one step closer to ultimately allowing them to decide on this issue. Our members thank and applaud the State Affairs Committee members for advancing Representative Geren’s and Representative Kuempel’s legislation.”

Compliance Updates

Jackpot Digital Receives License to Install Three Jackpot Blitz(R) ETGs at Jackson Rancheria Casino Resort in California

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Jackpot Digital has announced that it has received licensing approval from the Jackson Rancheria Tribal Gaming Agency, the regulator for Jackson Rancheria Casino Resort located in Jackson, California. The vendor’s license was the final step required for the Company to install Jackpot Blitz ETGs at Jackson Rancheria. The Company is now scheduling installation for three of its next-generation, dealerless Jackpot Blitz ETGs at the property.

Each new table installed will represent additional monthly recurring revenue to the Company.

In addition to Jackpot’s cruise ship customers, which include Carnival Cruises, Virgin Voyages, Princess Cruises, Holland America, AIDA, and Costa Cruises, Jackpot has announced land-based installations or orders in 12 states and territories in the US and growing, including California, Kansas, Louisiana, Michigan, Minnesota, Mississippi, Montana, Nevada, Oregon, South Dakota, US Virgin Islands, Washington, as well as several international jurisdictions.

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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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