updates

Spillemyndigheden Updates Anti-Money Laundering Guidelines

The Danish Gambling Authority, known as Spillemyndigheden, has released a refreshed version of its anti-money laundering (AML) guidance. This update, formulated after extensive consultations with external stakeholders, aims to support gambling operators, their employees, and other relevant parties. It complements the Danish Financial Supervisory Authority’s Guidance on Preventive Measures against Money Laundering and Financing of Terrorism.

New Guidance Incorporates Extensive Revisions

spillemyndigheden_updates_anti_money_laundering_guidance The revised AML guidance includes several key changes, particularly in the areas of risk assessment, policies, procedures, controls, and customer due diligence. These changes reflect both linguistic refinements and substantive updates. To help users navigate the revisions, a version history is now part of the guidance document, detailing specific amendments made.

Additionally, Spillemyndigheden has introduced a new document specifically focused on AML inspections. This document consolidates information that was previously scattered within the AML guidance, offering a comprehensive overview of the inspection process, potential outcomes, and confidentiality issues.

Ongoing Updates and Reporting Requirements

Spillemyndigheden is committed to keeping its anti-money laundering guidance current, ensuring alignment with updates to the Anti-Money Laundering Act, national risk assessments, and best practices in the field.

In other related developments, the authority updated its reporting requirements at the end of last month. These new requirements are set to take effect in 2025, although an exact implementation date has yet to be finalized.

Earlier this year, Spillemyndigheden also issued several orders and reprimands to the gambling operator SkillOnNet for breaches of AML regulations. The company received three orders for AML violations and two additional reprimands related to whistleblowing and business procedures, following an inspection of its compliance materials.

Source: “Spillemyndigheden updates anti-money laundering guidance”. Gambling Insider. June 3, 2024.

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Filed Under: Gambling News Tagged With: anti-money, guidelines, laundering, spillemyndigheden, updates

Microgaming Updates Brand Looking to Return to Leading Market Position

Entering its third decade of operation, Microgaming, a pioneering platform software provider, announces a complete visual rebrand for its corporate websites. The move is expected to redefine the company’s identity and strengthen its transformative journey.

Comprehensive Website Update

The comprehensive update of the corporate online presentation, including the subsidized PlayItForward websites, represents a milestone in the 30-year company’s history. Microgaming is entering a new era of its operations and the transformation is designed to provide an effective marketing tool to ensure an appealing yet seamless transition.

Name and Logo Remains the Same

For such purpose, the visual language of the brand will continue to communicate with customers and partners in the same manner as before. The Microgaming name and logo will remain unchanged as the company sets out for a transformative journey to get back to the position of a leading platform software provider superiorly held in 1994.

Focus on People

Therefore the upgrade of the corporate web pages will provide the brand with a contemporary look and sophisticated design to communicate the company’s focus on its people. The visual transformation is a part of the new corporate strategy designed to refresh the brand and open a brand new chapter of its operations.

Addition of Game Aggregation Business

Microgaming will add weight to its operations by adding its new content aggregation business to the established corporate platform software and technology provisions. The addition is a result of the Games Global’s acquisition of Micogaming’s online gaming and content distribution operations in 2022.

Bridge Over Still Waters

As a pioneering platform and technology software provider, Microgaming has powered leading online gaming brands and currently distributes over 210 million bets on a daily basis. The latest overhaul is set to represent a bridge across still waters between the past and future pioneer’s accomplishments. It’s no wonder that such a transition has been facilitated by the board and the employees alike as the company has earned over 20 industry awards for the application of diversity and inclusion standards in the workplace.

Alex Wilson, Head of Marketing at Microgaming, commented: “We’re incredibly excited to be able to announce the rebranding of the corporate and Play It Forward websites at Microgaming in a move that will not only breathe fresh visual life into our brand, but also redefine who we are as a business’’.

Wilson added: “Having been in the industry for 30 years, the repositioning of our value proposition will see Microgaming get back to its roots as an established corporate platform software and technology provider while simultaneously celebrating the people who’ve helped get us to where we are today. As such, it marks the start of what promises to be a transformative journey for the company as we enter a new chapter in our development and we can’t wait to share it with our iGaming peers.”

Source: “Microgaming Unveils New Corporate and PlayItForward Websites’’. Microgaming. February 5, 2024.

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Booming Games Updates Office Space; Moves From Enn Glad To Quad In Mriehel

Booming Games, a developer of online real money gambling games, has revealed that it has moved its Maltese office from Enn Glad, Msida, to the Quad in Mriehel, resulting in the company boosting its presence in a prime and prestigious location, in one strategic move.

Office Upgrade

Having experienced tremendous growth in its operations in Malta, meaning it was able to recruit highly trained professionals, the company needed an updated office space that was necessary to keep pace with the developer’s accomplishments and future goals. Furthermore, when deciding on a location for an upgraded office, an office in the Quad was a suitable solution as it is nicely furnished and provides a number of benefits that involve a gym, restaurants, childcare facilities, and shops among many others. However, that’s not all; because the office space is truly the best with a huge commercial area of 44,000 square meters and more than 7,000 square meters of open space.

Commenting on the new office, Max Niehusen, Chief Executive Officer of Booming Games, said: “I couldn’t be more elated about our recent move to the Quad office, a true embodiment of our success story. Choosing the Quad as our new office location was a natural choice as it aligns perfectly with the vision we have for our future. And for us, it’s more than just an office. It’s a symbol of our relentless pursuit of excellence and our commitment to providing an exceptional work environment for our incredible team.”

In this regard, Frederik Niehusen, the Chief Commercial Officer at Booming, added: “I am thrilled with our move to the Quad office; a dynamic location that perfectly aligns with our commercial aspirations. Its sophisticated design and top-notch amenities, including excellent restaurants, elevate our client meetings, fostering stronger connections, fueling creativity, and propelling our commercial success to greater heights.”

About

The company started operations in 2014 and is now located in Malta. More importantly, it operates under a license issued by the Malta Gaming Authority. In addition, the company also has certificates from other official regulatory bodies such as Agenzia Dogane Monopoli, Spillemyndigheden, and Alderney Gambling Control Commission. Its main focus is on producing high-end games, and so far they’ve been quite successful at that, despite the fact that titles are released in very quick succession. Still, none of their products feel rushed, and their portfolio is massive and consists of a huge variety of different game types.

Games created by the developer are regularly checked by official regulatory bodies such as Spel Inspektionen and Quinel Limited.

Source: “Booming Games Levels Up: Maltese Office Now Located at the Prestigious Quad In Mriehel”, European Gaming, August 1, 2023

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