Compliance
43 articles tagged "Compliance".
PAGCOR mandates casino AML upgrades after industry-wide risk evaluation
PAGCOR has directed all licensed casino operators and gaming support providers to strengthen anti-money laundering and counter-terrorism financing controls after a risk assessment covering 2021-2024 classified the sector as high risk for money laundering. Operators must update internal risk models, enhance due diligence, and distribute findings to key personnel, with non-compliance potentially leading to sanctions.
Dutch Regulator Cracks Down on TonyBet Over World Cup Ad Featuring Footballer Likenesses
The Dutch gambling regulator KSA has warned operator TonyBet for using characters resembling famous footballers in a World Cup advertisement, violating the country's ban on role models in gambling promotions. The regulator ordered the ad removed, and the operator complied, while the KSA also launched an awareness campaign during the tournament.
Why global iGaming brands are prioritising regulated expansion over rapid growth
Established iGaming brands like 1xBet are shifting from rapid expansion to regulated growth, prioritising compliance, risk management, and long-term partnerships as markets demand greater transparency and stability.
KSA Fines Casino Zoetermeer €21,500 for Cruks Compliance Failure
The KSA has fined Casino Zoetermeer €21,500 for failing to check the Cruks self-exclusion register, allowing two barred individuals to gamble. The original €25,000 penalty was reduced by a court due to excessive procedural delays.
Cambodia seeks regulatory guidance from Victoria’s VGCCC amid reputation cleanup
Cambodia's gaming regulator met with Victoria's VGCCC to share insights on casino regulation and compliance as the country fights to rebuild its reputation after being linked to online scam networks, including shutting down 91 casinos.
Rank Group forecasts FY26 profit at least £76m, beating consensus despite regulatory provision
Rank Group expects FY2026 underlying operating profit of at least £76 million, exceeding consensus by around 11%, despite a £5 million provision for a UK Gambling Commission settlement. Growth was driven by all divisions, particularly digital and gaming machines, with the company managing a sharp increase in Remote Gaming Duty through cost controls.
Navigating Multi-Jurisdictional Compliance: The New Reality for Global iGaming Operators
Global iGaming operators can no longer rely on a single international license as more countries adopt their own regulatory frameworks. 1xBet illustrates how multi-jurisdictional compliance has become a continuous management challenge, requiring operators to adapt locally while maintaining consistent global standards.
Venetian's $7.2M Bowyer Fine Caps Decade of Las Vegas Sands Scandals as Apollo Inherits Liability
The Venetian will pay a $7.2 million fine to Nevada regulators for AML failures tied to illegal bookmaker Mathew Bowyer, bringing total Bowyer-related penalties for Strip operators to $34 million and highlighting a series of scandals that plagued Las Vegas Sands before its 2021 exit from the market.
Merkur Group Hosts 43 Compliance Staff from Six Countries for International Workshop
Merkur Group brought together 43 compliance staff from six countries for a two-day workshop at Benkhausen Castle, focusing on cybersecurity, risk management, and AI under the theme 'Perspectives,' with a strong emphasis on international collaboration and process improvement.
Star Entertainment Resolves Long-Running Tax Dispute with ATO
Star Entertainment Group has settled its long-standing tax disputes with the Australian Taxation Office concerning GST and withholding tax on past junket operator payments. The agreement includes a refund of AU$33 million to Star, resulting in a AU$55 million charge for the company in FY2026, and is part of its ongoing efforts to resolve compliance issues.
Comtrade Gaming CEO Details Shifting Compliance Demands and Architectural Imperatives
Comtrade Gaming CEO Aleš Gornjec asserts that iGaming compliance has evolved into a continuous operational discipline, driven by increasing regulatory fragmentation and sophistication across global markets. He emphasizes that a modular, API-first platform architecture and ongoing investment in adaptability, configurability, and data governance are crucial for operators to navigate these complex demands and achieve international growth.
SBC Summit Lisbon to Feature Dedicated Fintech Track for Payments, Compliance, and Player Protection
The SBC Summit in Lisbon, running September 29 to October 1, will feature a dedicated Fintech track on September 29 to explore payment infrastructure, compliance, and player protection in the iGaming industry. The track will bring together industry leaders to discuss modernizing payment systems, navigating regulations, preventing fraud, and leveraging fintech for responsible gambling.