Denmark’s gambling regulator, the Spillemyndigheden, has asked the gambling industry to weigh in on the country’s new AML system. Operated by the Money Laundering Secretariat, the GoAML solution flags potential instances of money laundering and terrorism financing.

GoAML keeps track of AML reports in the country, providing the Money Laundering Secretariat with important information that allows it to launch further investigations into the matter. The system’s goal is to help Danish authorities crack down on money laundering and terrorism financing and keep the Danish market healthy.

However, the Spillemyndigheden pointed out that gambling operators can select only one indicator when submitting an entry, which is “money laundering through gambling.” The regulator believes that more options should be available, reflecting the inherent complexities of the gambling ecosystem.

As a result, the Spillemyndigheden discussed the matter with the Money Laundering Secretariat, asking it to add more options. The latter body agreed to that, prompting an inquiry into the indicators operators wish to be added.

Spillemyndigheden Will Forward the Suggestions to the Secretariat

The Spillemyndigheden asked the gambling industry about its opinions on the matter. Companies can provide their own suggestions for GoAML indicators to the Spillemyndigheden, allowing it to then communicate them to the Money Laundering Secretariat.

Companies that wish to provide their suggestions should send them to the Spillemyndigheden ([email protected]) by February 5, specifying “input for indicators” in the email’s subject field. Following the conclusion of the period, the gambling authority will send the suggestions to the Money Laundering Secretariat.

In other news, the Spillemyndigheden recently unveiled a new informational website that provides local consumers with information about gambling and gambling harm. The site, StyrPåSpillet.dk, will serve as the official public portal for the country’s gambling industry, allowing consumers in the country to familiarize themselves with the sector and its risks.

The local regulator remains bullish on educating the customers protecting the Danish market from fraud. To that end, the Spillemyndigheden blocked a whipping 49 illegal gambling websites last year. The authority is planning to block illegal operators at least two times a year now.

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Liquor & Gaming New South Wales announced that it will be responsible for overseeing the upcoming cashless gaming technology trial in the Australian state and invited industry bodies to participate. Hosted by The Independent Panel on Gaming Reform, the trial will explore the potential of cashless systems to change gambling in NSW.

According to the announcement the panel has now issued invitations for venues and technology providers to apply to participate in the trial.

Applicants should meet certain standards and must be committed to protecting the market from harm and fraud, the regulator explained.

Applicants should meet the minimum requirements set by the Independent Panel to take part in the cashless gaming trial, including harm minimization protections, anti-money laundering protections, and data security and privacy protections, and specific requirements for venues.

Liquor & Gaming NSW statement

Companies have until October 13 to apply for the trial.

The Trial Will Help NSW See If Cashless Gaming Is Worth Investing In

Cashless gaming has been one of the hot topics of the gambling industry in the Australian state for several months now. Many believe that the statewide implementation of the technology will help to prevent gambling-related fraud while protecting at-risk consumers from harm.

However, certain parties, including local industry groups, remain skeptical of the technology and its potential, with many arguing that it may prove to be nothing more than an expensive risk.

In any case, Liquor & Gaming NSW wants to give cashless gaming a chance and see if the technology can usher in a new era of compliance. The trials will help the authority assess how the solutions operate in practice.

An independent researcher will evaluate the effectiveness of cashless gaming by leveraging customized research methodologies.

Liquor & Gaming NSW hopes that the research will lead to a change in player behaviors, mitigating harm and preventing illicit activities.

Cashless gaming trial runs will run for three or more months, allowing the regulator and independent researcher to gather enough data.

A few days ago, the NSW government allocated $100 million to combat gambling harm as the state seeks to reduce the problem gambling rates. The investment came from the redirection of fines imposed on Star Casino.

The investment is notably a part of the Minns Labor Government Budget and reflects a dedication to preventing gambling harm and gambling-related crime.

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The Department for Culture, Media and Sport (DCMS) select committee has taken a significant step toward shaping the future of gambling regulations in the country by inviting public reactions to the recently released white paper. In a new call for evidence, the committee seeks to gather insights, opinions, and feedback from various interested parties, including industry representatives, experts, and advocacy groups.

The Committee Posted Three Vital Questions

Recognizing the importance of public participation in shaping gambling regulations, the DCMS select committee has launched a call for evidence, inviting stakeholders to share their views on the gambling white paper. The document proposes significant reforms to modernize the UK’s gambling laws, address emerging challenges, and enhance player protection. Soliciting public input allows the committee to consult multiple perspectives during the final decision-making.

The DCMS call for evidence contained three questions, hoping to receive focused feedback. Its first query asked participants to outline the proposal they most agreed with. The second question has stakeholders share any perceived gaps in the outlined reforms. Finally, the commission asks whether the interested parties believe the government will successfully implement the paper by the summer 2024 deadline.

The resulting data will be instrumental in forming the committee’s recommendations, leveraging shareholders’ significant industry knowledge and expertise. Their collective input will contribute to a well-rounded understanding of the challenges and opportunities in the upcoming legislation, hopefully allowing lawmakers to shore up any potential deficiencies.

The Time for Consultations Is Running Out

Despite the DCMS’ good intentions, its decision to extend the consultation period has drawn significant criticism. In mid-2023, the UK will hold its General Election, meaning that a potential new government may have different views on the country’s gambling laws, significantly delaying the much-needed reforms. Many politicians have urged a swift implementation, as later refinements remain possible.

How long will it take to have more consultations? We are ready to go with this.

Conservative peer Lord Grade of Yarmouth

The need for further consultations seems understandable, given the substantial criticism from various organizations. However, many stakeholders continue to urge for faster progress, noting that each day without proper regulation leaves people without adequate protection from problem gambling. The government must walk a tight line, deciding on priority updates with a narrowing timeframe.

The committee’s willingness to consider a wide range of perspectives ensures that future gambling regulations will reflect the needs and concerns of all interested parties. However, impending elections impose a limited timeframe, likely necessitating compromises. Hopefully, the country’s new government will maintain the focus on gambling reforms, curbing the growing cost of gambling harm.

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The Short Races promotional tool is designed to help operators engage with their customers and offer modern players a brand-new format to experiment with. The contests introduced by Short Races are fast-paced and offer quick-fire gameplay that turns Playson titles into strong engagement gateways for operator audiences.

Playson Enhances Engagement Opportunities for Its Titles

There are motivating prize pools, bigger chances to win and climb a leaderboard, and so many other different fresh experiences, that Playson insists are much different from regular slot tournaments. This claim will surely be put to a test before long.

The Short Races tool is very easy to inject into the content and doesn’t require additional integration. It is simple to configure and it delivers on Playson’s commitment to creating and delivering products that are designed to help improve overall engagement with customers.

The format is designed in such a way as to allow operators to address the individual needs of their audiences and further deliver powerful and worthwhile titles. Playson Product Owner for Promotional Tools Ganna Guseva welcomed the arrival of the new tool and what it can do for both partner operators and the Playson brand as a whole.

We’ve devised the Short Races tool to help operators keep a new generation of players with shorter attention spans engaged and boost dwell time when gamer activity is low.

Playson Product Owner for Promotional Tools Ganna Guseva

Playson promotions manager Mihai Dumitrescu said that Playson was constantly on the lookout for engaging with players and helping operators. “We are always looking for new ways to innovate new and exciting products at Playson, which is why I’m thrilled to announce the launch of our Short Races feature,” Dumitrescu said.

The Short Races format will certainly help boost engagement and offer players new experiences; the promotions manager wrapped up.

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