MAFIA GOLD Slots Game by Play'n GO
Connect with us
Play'n GO's Buildin' Bucks slot game brings fairy tales to life with fun characters and instant prizes.

Compliance Updates

IBIA AND FECOLJUEGOS JOIN FORCES TO RAISE STANDARDS IN SPORTS BETTING INTEGRITY IN COLOMBIA

Published

on

IBIA AND FECOLJUEGOS JOIN FORCES TO RAISE STANDARDS IN SPORTS BETTING INTEGRITY IN COLOMBIA

 

The International Betting Integrity Association – IBIA – together with the Colombian Federation of Entrepreneurs of Games of Luck and Chance – FECOLJUEGOS recently signed a Memorandum of Understanding with the aim of joining forces to establish projects and initiatives to fight against sports betting related fraud in Colombia and to protect the integrity of sports and sports betting companies.

IBIA is the world’s leading voice on integrity for the licensed sports betting industry with its account-based integrity monitoring system covering over US$137bn in betting transactions per annum globally. Data from IBIA and its members have played a significant role in supporting the investigations, prosecutions, and sanctioning of those parties involved in match-fixing, mitigating and preventing the possibilities of this type of irregular practice.

In 2021 those suspicious betting activities reported by IBIA to relevant authorities helped in issuing sporting or criminal sanctions against 11 teams or players. IBIA reported 121 alerts to relevant authorities in Latin America between 2017 and 2021, with a total of 9 alerts regarding suspicious matches taking place in Colombia- 8 concerning tennis and 1 football.

According to the latest figures from leading market data intelligence company H2 Gambling Capital, the total betting gross win in 2021 in Latin America[1] was worth US$1.9bn in 2021 with projections showing that it should rise to US$3.5bn in 2026. In Colombia the betting gross win is estimated at US$808m in 2021 and should increase to US$1.1 bn in 2026.

Khalid Ali, CEO of IBIA stated: “We are happy to collaborate with Fecoljuegos on common projects in the fight against match-fixing. The establishment of the Colombian National Committee for the prevention of manipulation of sports competitions is the first of its kind in the Latin American region. Fecoljuegos played an important role in its launch and we fully support the call for integrity provisions to be included in the gambling legislation’.

For his part, Evert Montero Cárdenas, president of Fecoljuegos, considers that this is an important step for the sector in Colombia that reaffirms the industry’s commitment in this matter: “With great expectation we receive this memorandum which establishes an agreement of wills, we believe that this is an important step to shield the activity from irregular practices that have affected it for years. Partnering with IBIA is surely something that guarantees higher standards of integrity, which represents an advantage for the legal industry in the country”.

[1] Excluding Mexico as in the H2 Gambling Capital statistics Mexico is included in the North America section.

Compliance Updates

JCM Global Receives Approval to Operate in West Virginia

Published

on

 

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.

Continue Reading

Compliance Updates

SYNOT Games Officially Certifies Over 140 Games in Brazil

Published

on

 

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.

Continue Reading

Compliance Updates

Delasport Now GLI-Certified for Sports Betting in Brazil

Published

on

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.

Advertisement
Stake - Best Online Casino & Sports Betting Platform

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.

Continue Reading

Trending

GamingAmericas.com (part of HIPTHER) is your one-stop portal for the latest news, insights, and analyses in the gaming industry across the Americas. From legislative updates and market trends to interviews with industry leaders, we provide a comprehensive look at the dynamic landscape of both online and land-based gaming. Whether you're a stakeholder looking to stay ahead of the curve or a gaming enthusiast eager for reliable updates, GamingAmericas.com has got you covered. Follow us on social media and subscribe to our newsletter for real-time updates and exclusive content. Make informed decisions and stay ahead in the game with GamingAmericas.com.

Disclaimer: All the information provided is for educational and entertainment purposes only. Always check your local laws before participating in any gaming activities.

Copyright © 2018 – 2024, HIPTHER. All Rights Reserved.