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Compliance Updates

Pariplay extends footprint in LatAm with Panama approval

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Pariplay extends footprint in LatAm with Panama approval

 

NeoGames S.A subsidiary Pariplay, the leading aggregator and content provider, has gained approval to supply its services in Panama, further boosting its presence in LatAm, just days after announcing its certification for the City of Buenos Aires.

Pariplay is now a registered supplier with Panama’s Gaming Control Board, enabling it to offer the Fusion® aggregation platform to locally licensed operators.

Pariplay’s diverse library of games hosted on its Fusion® platform is now available through a single integration, including 14,000 titles from over 80 leading providers. A broad variety of igaming verticals are on offer, including slots, live casino, instant win, sportsbook, virtual sports, bingo and poker.

With a combination of top-performing products and localized content, as well as a suite of player engagement tools, Pariplay’s offering is set to be of high appeal to operators in Panama.

Pariplay has quickly established itself as a trusted supplier in LatAm, and the Panama approval will see it further establish its footprint in the region, following a strong performance in Mexico and Colombia and the recent acquisition of the approval to operate in the City of Buenos Aires, Argentina.

Adrian Bailey, Managing Director at Pariplay, said: “The Latin American region is quickly growing, offering lucrative opportunities for Pariplay to introduce our products and content to new markets. We see LatAm, including Panama, as a key focus for us going forward and are certain that our top-performing slots library and ample verticals offering will resonate well with local players.”

Jorge L Morales, Director for Latin America and the Caribbean at Pariplay, said: “This approval to operate in Panama is the latest in a string of regulatory green lights that have seen us significantly expand our presence in LatAm. It is an exciting time for us as we have ambitious plans for Panama, and I look forward to working together with local operators to offer our games to their customers.”

Compliance Updates

Sightline Selects GeoComply for Identity and Geolocation Compliance Services

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Leading fintech company Sightline has entered into an exclusive partnership with compliance and anti-fraud technology solutions leader GeoComply to bolster the security and efficiency of digital transactions within the regulated gaming industry.

Sightline will integrate GeoComply’s cutting-edge IDComply identity verification solution as well as GeoComply’s compliance-grade geolocation tools across its comprehensive suite of digital payment solutions for land-based casinos and online gaming operators.

GeoComply developed IDComply in direct response to the growing demand for an integrated solution that addresses the expanding compliance needs of the digital gaming industry. Sightline will leverage identity verification and geolocation checks at strategic points during the customer journey to validate that digital transactions comply with the Bank Secrecy Act (BSA) and adhere to Office of Foreign Asset Controls (OFAC) sanctions detection and blocking requirements. The partnership will also strengthen Know Your Customer (KYC) and anti-money laundering (AML) protocols to reduce fraud such as account takeovers.

The implementation of IDComply and GeoComply Core within Sightline’s offerings is scheduled to occur over the coming months.

“Digital payments continue to proliferate in the regulated gaming industry, and it is essential to have solutions that safely, securely, and swiftly validate customers’ identities. Implementing these tools across Sightline’s payment solutions will significantly decrease the time it takes to validate an identity and they will bolster compliance with the evolving regulations that govern digital financial transactions. Our vision is to create an omnichannel customer experience where patrons can seamlessly enroll, fund, and play their game of choice in under 180 seconds, putting gaming more in line with payments technologies in areas like retail and ecommerce,” Rose Zwirn, SVP of Business Development at Sightline, said.

“Our companies have a long history of collaboration and we’re excited to be working together to implement our GeoComply Core and IDComply solutions for Sightline’s customers. Our goal is to provide digital trust in every online transaction while opening the funnel for legitimate players and stop fraudsters from entering the digital gaming ecosystem. Working with best-in-class partners like Sightline gets us closer to that goal,” Sam Basile, VP of Business Development at GeoComply, said.

Digital wallets and transactions are becoming more common within the gaming industry, and Sightline is an indispensable and innovative partner to operators across the gaming ecosystem. Sightline will use IDComply to swiftly authenticate customer identities during signup across its platforms, simplifying cashless wagering accounts and online Play+ registrations. This move aims to address identity verification challenges, especially in areas like Nevada that require government IDs for account setup. IDComply is expected to accelerate this process, enhancing safety and user experience by reducing friction.

GeoComply’s advanced geolocation technology helps ensure regulatory compliance and is a strategic asset for gaming enterprises aiming to navigate the complex landscape of digital transactions securely and lawfully. With more than 10 billion transactions processed annually and installed on over 400 million devices worldwide, GeoComply empowers gaming enterprises to meet their compliance needs while providing a secure, trustworthy platform for their customers.

Furthermore, both Sightline and GeoComply have offices located at the Harry Reid Research and Technology Park in Las Vegas, symbolizing their joint commitment to advancing technology and compliance solutions within the gaming industry.

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California Gambling Control Commission Approves Key Licensing Decisions Amid Regulatory Updates

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The California Gambling Control Commission held a significant meeting on April 18, 2024, to discuss and decide on various licensing and compliance matters crucial for the operation and regulation of the state’s gambling entities. The California Gambling Control Commission’s agenda was packed with key issues ranging from the renewal of cardroom licenses to the approval of tribal gaming key employees.

A notable decision from the meeting was the approval of the Revenue Sharing Trust Fund Final Report, allowing for the distribution of quarterly license revenue to eligible recipient Indian tribes. This move underscores the California Gambling Control Commission’s ongoing commitment to supporting tribal communities through structured revenue sharing, even as some financial shortfalls were acknowledged.

The California Gambling Control Commission also reviewed several renewal applications for cardroom owner licenses. Noteworthy renewals included Bankers Casino under Old Town Investments Incorporated, Blacksheep Casino Company and Bruce’s Bar and Casino, which were approved with specific conditions related to operational compliance and security protocols.

Another critical area of focus was the licensing of key employees at tribal casinos. Several applications for initial and renewal of key employee licenses were approved, reflecting the California Gambling Control Commission’s stringent oversight in ensuring that individuals in significant casino roles meet the regulatory requirements. These decisions are essential for maintaining the integrity and security of gaming operations within the state.

Additionally, the meeting addressed the renewal and approval of third-party proposition player services, which are vital for cardrooms that do not bank their games. The California Gambling Control Commission approved several of these licenses, highlighting its role in facilitating responsible gambling while ensuring compliance with state laws.

The California Gambling Control Commission’s actions during the April meeting highlight the complex regulatory environment governing the state’s gambling industry and its proactive approach in adapting to new challenges and ensuring fair and safe gambling practices.

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Compliance Updates

GoldenRace, first virtual sports provider certified in Peru

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GoldenRace, first virtual sports provider certified in Peru

 

GoldenRace, global provider of award-winning Virtual Sports and betting solutions, has recently received the certification for its Virtual Sports product in the Peruvian market.

At the beginning of the present year (February 2024), GoldenRace was registered in the country’s regulator portal, as well as obtained three certifications for Retail, Online and the Jackpot progressive award.

More specifically, the company, which already is the Virtual Sports provider leader in the Latin American market, certified 13 of its games for the retail sector and 21 for the online sector.

It is the first time we certified our Jackpot and also some games such as our newest Crash game, Fire Crash; the penalty-based football game, Penalt2Win; and some classics like Perfect6, Spin2Win American and Spin2Win American Royale.

“This certification process is a clear commitment of the company with the Peruvian market, where we have been focused for a long time now, creating specific products and working locally to give players a premium product they like. This certification is just one more step to keep being leaders in the country,” said Martin Wachter, GoldenRace’s CEO and Founder.

GoldenRace already has some outstanding numbers in Peru’s betting industry, working with 90% of the Retail market (over 6,200 units) and all the major Online operators.

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