Connect with us
Advertise at European Gaming Media

Industry News

Nigerian Law Firm predicts businesses will thrive by ‘embracing the community of operation’ at ICE Africa

Published

on

Nigerian Law Firm predicts businesses will thrive by 'embracing the community of operation' at ICE AfricaReading Time: 4 minutes

 

The enhanced focus on responsible gambling ahead of this year’s ICE Africa has been hailed by Nigerian legal expert Olafadeke Akeju, Partner at WYS Solicitors, as evidence that the continent’s gaming industry is evolving but that more needs to be done by both regulators and operators working in unison. An ICE Africa Champion, Akeju explores why the idiosyncrasies of each nation matter, the power of community and why the small print needs to be bigger!

What are your key goals in terms of developing Nigeria’s position on the continent?
As an industry consultant with both a regulatory and an advisory background, my aim is to enlighten as much as possible on the existing regulatory, operational and licencing framework in Nigeria and provide adequate information for prospective investors and providers interested in the Nigerian market.

How would you assess the key market dynamics?
We are likely to witness mergers, acquisition and consolidation in the gaming industry in the short term. Also, the stalemate that persists in the regulatory framework and licencing process in Nigeria is getting attention with a view to achieving a sensible resolution.

There is a renewed focus on responsible gaming, in your eyes how do you achieve the balance between social responsibility and enabling business to operate in a competitive environment?
The call for responsible gaming shows that the market is evolving and that the focus is shifting from having an effective licencing process to the assessment of gaming as a business and its impact on the society. Stakeholders have to recognize that business will thrive when it is embraced by the community. The rising general perception that the adverse effect of gaming exceeds its benefit to society, is a pointer that operators and regulators are not doing enough.
A combination of regulatory policies and social responsibility initiatives by operators is required to find the missing balance. Operators must be seen to contribute to the development of the community. Gaming businesses must offer more than employment opportunities and a source of income to be considered socially responsible. No doubt every business has its negatives, but operators must actively contribute to the clean-up of the adverse effect of gambling especially gambling addiction and actively promote self-exclusion. Advertisements aimed at enticing patronage should also include messages condemning addiction and emphasize responsible gaming. It is not enough to have this in small prints of the terms and conditions.
Gaming companies cannot rely on the lack of a regulatory directive on responsible gaming. A knee jerk reaction to impose regulation may erode the industry or prohibit gaming as seen in some parts of the continent. As a consequence, regulatory policies must ensure that all stakeholders collectively protect the vulnerable among us and give fair returns back to players. The industry must not sacrifice moral decency on the altar of profit.

Do you feel regulation can ever keep pace with an industry powered by technology?
Technology drives most human interaction and activities; it is not peculiar to the gaming industry. If legislation or regulation of other sectors keeps pace with technology, then the gaming industry should not be left out.
The challenge with legislation in many African countries is that it pre-dates the online era and sports betting as a business. A number of African countries put regulation in place in the last decade and regulators are still grappling with understanding the operation of technology driven gaming while also required to provide regulation to operators of the business. Also, lack of access to study the operations of sports betting businesses and an independent monitoring/appraisal system makes it difficult for regulators to perform optimally.
The good thing about technology is that it also provides access to resources which regulators and law makers should utilize to learn more about the operation of online gaming while studying the framework in more developed jurisdictions. ICE Africa presents a platform to compare notes with fellow regulators, providers and key stakeholders in the industry.
In Nigeria, changes in regulation of complementary sectors has a positive impact on gaming industry regulation. For instance, the introduction of an aggregator system in the telecoms sector by the Nigerian Communication Commission (NCC) requires all mobile transactions to pass through an aggregation platform. The implication is that gaming regulators can collaborate with the NCC to access gaming related transactions on mobile platforms.
For African countries in the process of amending gaming laws and developing a national gaming policy, the emphasis must be on providing a flexible legislative framework which empowers regulators in consultation with stakeholders to develop policies and introduce processes in response to technological advancement.

WYS works with regulators, government agencies, operators and investors, service providers and suppliers across the gaming and gambling spectrum, what does ICE Africa represent to you?
ICE Africa is a credible initiative that offers networking and learning opportunities for industry stakeholders. The exhibition aspect of the event provides a platform to meet with various product, software and complementary service providers and to compare offerings; this would otherwise be beyond the reach of many operators and stakeholders.
More specifically, the event must be customized to the specific needs of the continent. Despite its obvious similarities, Africa is rife with differences, peculiarities and individualities by countries and regions which must be incorporated into the ICE Africa offering. Effort must be made to continue to identify and address front burner issues on the continent.
Product and service providers participating at ICE Africa must also seize the opportunity to identify Africa’s peculiarities and offer products/services tailored for the African market.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Nigerian Law Firm predicts businesses will thrive by ‘embracing the community of operation’ at ICE Africa

Continue Reading

Industry News

SiGMA Group Announces Malta iGaming Awards Contenders

Published

on

By

SiGMA Group Announces Malta iGaming Awards ContendersReading Time: 3 minutes

 

Gala dinner will be followed by a charity auction in aid of the SiGMA Foundation 

SiGMA Group has announced the finalists for the Malta iGaming Awards taking place 26th November 2019, at the Hilton Hotel, St Julian’s, Malta.

The awards evening includes a gala charity dinner at the Hilton Hotel with a number of paintings and artworks to be auctioned off to raise money for good causes. The fund-raiser is organised by SiGMA Group and all proceeds will go towards The SiGMA Foundation.

SiGMA Group is welcoming the cream of the iGaming community to the Awards night gala, which will provide a chance for premier networking with fellow industry leaders, and an opportunity to mingle with the creative minds behind the artworks. The auction will feature a number of innovative pieces from established artists, both local and international.

This year there are some 30 awards categories, reflecting how the iGaming sector has expanded and diversified over the last year.

And the nominations are…

Affiliate Network Of The Year (sponsored by Finductive Max)
– Matching Visions / BetAffiliation / Advendor

Affiliate Program Of The Year (sponsored by STS)
– Betzest / MrGreen / Betsson Group Affiliates

Affiliate Software Of The Year   (sponsored by FunFair Technologies)
– MyAffiliates / Netrefer / CAKE

Casino Affiliate Of The Year  (sponsored by BetSoft)
– Kafe Rocks / Raketech / Blexr

Asian Live Dealer Of The Year  (sponsored by Bank Roulette)
– Oriental Gaming / Lotus Gaming / eBet

Asian Slot Provider Of The Year  (sponsored by Lucky.io)
– Ganapati / Betsoft / Ameba Entertainment

Asian Platform Provider Of The Year (sponsored by Cryptopay)
– Tripleone Tech / SA Gaming / TC Gaming

Asian Product Of The Year  (sponsored by Fashion TV)
Asia Gaming / Betsoft / InPlayMatrix

Game Vendor Of The Year  (sponsored by SimplePlay)
– Yggdrasil / Play’n GO / Pragmatic Play

Hosting Service Of The Year (sponsored by Playtech)
– Internet Vikings / Continent8 / Netshop ISP

Online Casino Of The Year  (sponsored by Pragmatic Play)
– Kindred / Betsson Group / BitStarz

B2B Platform Of The Year  (sponsored by Ganapati)
– BetConstruct / SkillOnNet / Play’n GO

Sportsbook Affiliate Of The Year (sponsored by Intertops)
– BetterCollective / Catena Media / Alex Affiliates

Sportsbook Operator Of The Year  (sponsored by Altenar)
– William Hill / Betsson Group / 1xBet

Corporate Social Responsibility Of The Year  (sponsored by United Remote)
– Betsson Group / Microgaming / Skywind

Crypto Payment Solution Of The Year  (sponsored by Dao Group)
– Cryptopay / CoinsPaid / Bitbay Pay

Instant Win Of The Year  (sponsored by Acquiring.com)
– Hacksaw / Neogames / Gluck Games

Fastest Growing White Label Of The Year  (sponsored by Stakelogic)
– Cashmio / Gate 777 / Frank and Fred Casino

Innovator Of The Year  (sponsored by iGaming Academy)
– Videoslots / Hero Gaming / Evolution Gaming 

Legal Firm Of The Year (sponsored by Netshop ISP)
– WH Partners / KSI Malta / Tal Ron. Drihem & Co

iGaming Media Of The Year  (sponsored by Hexopay)
– Gambling Compliance / Focus Gaming News / CalvinAyre.com

Mobile Gaming Provider Of The Year (sponsored by Pragmatic Solutions)
– Habanero / Play’n GO / Reel NRG

Multi-channel Provider Of The Year  (sponsored by Continent8)
– Betconstruct / Betgames.tv / Singular

Multi-Product Provider Of The Year  (sponsored by Apollo Games)
– BetConstruct / InPlayNet / Microgaming

East-Meets-West Consultancy Of The Year
– BDO / iGaming Asia / SMP eGaming

Payments Provider Of The Year (sponsored by Bitbay Pay)
– Trustly / HiPay / Zimpler

Training Service Provider Of The Year  (sponsored by United Remote)
– iGaming Academy / MCAST / Totally Gaming Academy 

Trustly Pay N Play Product Of The Year (sponsored by Trustly)
– Hero Gaming / No Account Casino / ComeOn!

Tokenized Gaming Asset Of The Year  (sponsored by Betconstruct)
– Lucky.io / G8C / FunFair

Tokenized Casino Game Of the Year  (sponsored by UltraPlay)
Lucky.io / BitCasino / CoinPoker

SiGMA’19 takes place from 26th to 29th November at the MFCC in Ta Qali, Malta, kicking off with the Malta iGaming Awards at the Hilton on Tuesday 26th.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: SiGMA Group Announces Malta iGaming Awards Contenders

Continue Reading

Industry News

Japan Tourism Agency Issues IR Proposal Timeline

Published

on

By

Japan Tourism Agency Issues IR Proposal TimelineReading Time: < 1 minute

 

Japan Tourism Agency has announced further details on the IR licensing schedule.

The Agency explained it will accept proposals from local governments between January 4 and July 30, 2021. Therefore, we can expect Japan regions to pick IR consortium partners in late 2020 and early 2021.

The Agency also disclosed it has conducted consultations with interested governments. The Tokyo Metropolitan Government, prefectures of Hokkaido, Nagasaki, Osaka, and Wakayama; and the cities of Chiba, Nagoya, Osaka, and Yokohama contacted them.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Japan Tourism Agency Issues IR Proposal Timeline

Continue Reading

Industry News

PAGCOR’s Andrea Domingo to Present Opening Keynote for G2E Asia @ the Philippines

Published

on

By

PAGCOR’s Andrea Domingo to Present Opening Keynote for G2E Asia @ the PhilippinesReading Time: < 1 minute

 

PAGCOR chair Andrea Domingo is going to present the opening Keynote for the inaugural G2E Asia @ the Philippines, to be held at Marriott Manila on December 3–4, 2019.

Organisers of G2E Asia revealed that Ms. Domingo would speak at 10 am on December 3, with other speakers including Resorts World Manila’s Chief Gaming Operations Officer Hakan Datas and Melco Resorts & Entertainment’s SVP and Chief Information Officer, Avery Palos.

G2E Asia @ the Philippines is the newest addition to the G2E Asia series of events, held annually in Macau each year since 2007. Focused on the development of emerging ASEAN markets and comprising an exhibition, educational conference, summit and various networking opportunities, G2E Asia @ the Philippines is being held in cooperation with PAGCOR, addressing the land-based and online gaming operators across Asia.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: PAGCOR’s Andrea Domingo to Present Opening Keynote for G2E Asia @ the Philippines

Continue Reading
Advertisement
NSoft

Trending