DCMS stated that the cost increase of license fees would assist UKGC control the industry’s challenging years ahead as new technological innovations and evolving consumer habits will reshape the industry on a global scale.

DCMS will enforce the following measures:

• Increase annual fees for remote operating licenses by 55%, October 1, 2021
• Increase all UKGC license application fees by 60% from October 1, 2021
• Non-remote operating licenses cost will increase by 15% until April 1, 2022
• Make adjustments to simplify the fees system, including removing annual fee discounts for combined and multiple licenses. It will take effect from October 1, 2021

DCMS stated that UKGC’s investment strategy would include obtaining expertise, and data analysis, related to technological innovation. It will improve its prevalence and participation in data collection.

DCMS focused on the commission’s need for staff training and better expertise as a regulatory agency controlling the high risk industry.

Editing by Rachel Hu

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Meanwhile, Play’n Go is the first supplier to announce it is licensed under the new regulatory system.

However, under the new system, operators and suppliers must follow a number of strict operating conditions. Online slots are capped at €2 per spin, with a three-second spin minimum and a maximum win of €70,000 per round. Also, operating license holders must pay a 35% GGR tax rate.

“Regulatory changes are a constant in the global gaming industry, and we welcome the new clarity provided by the Hellenic Gaming Commission in their latest framework,” said Magnus Olsson, head of sales and account management for Play’n Go. 

Olson added that he felt the supplier’s ability to customise games to local regulations would help it stand out in the market.

“The rigor in our approach to both compliance and game development ensures that our partners can rely on us to deliver entertaining content that is ready for all of their players to enjoy from the first day of global release, across multiple markets.”

“But to truly enjoy a gaming experience, players must feel safe. And that’s why we’re only too happy to tailor our titles to ensure they comply with all local rules in regulated markets all over the world.”

The Greek licensing system launched in October 2020, after the country’s parliament passed the gambling reform bill in a year before that.

Editing by Rachel Hu

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The Commission for the Regulation of Gambling and Lotteries is on the prowl for attractive businesses from a thriving local industry of software development, leveraging the country’s strong reputation as an international IT hub.

Low regulatory barriers, access to local talent and low cost set-up fees are the weapon of choice for Ukraine.

Ukrainian B2B license scope

A B2B license allows Ukraine-based companies to provide gambling software, which is any product used to conduct games of chance, to resident and foreign gambling operators. 

Although the term is defined vaguely, it includes a wide range of software, including random number generators, live streaming products, odds services and online systems for gambling operators.

A licensed B2B provider may supply its software to both Ukrainian gambling operators and non-resident entities holding gambling licenses in other jurisdictions.

Requirements of applying B2B license

Companies eligible for B2B licenses shall be legal entities registered in Ukraine and shall not be controlled by Russian residents, have individual shareholders who are also considered to be Russian residents, hold any stake in a Russian business or have corporate shareholders registered in North Korea or Iran.

In addition, the regulator wishes to see an “impeccable business reputation” of the top management, shareholders, and UBOs, meaning that these people have clear files and are not subject to Ukrainian and international sanctions.

The B2B licensing conditions do not limit the services providers in their business relations with clients. Different commercial models may be agreed, including revenue share. 

B2B license terms and fees 

The license is granted for five years. The total license fees are about €54,000, payable annually in five equal tranches. With a rather inexpensive license, the government hopes to issue two dozen B2B licenses in 2021. 

Who may benefit from the licensing regime?

International sportsbooks and online operators

Now international operators may seek to establish a separate B2B provider in Ukraine to support their groups’ needs, cutting down their compliance risks and accessing local talents directly.

IT outsourcing businesses

These businesses have a chance to get a newly licensed jurisdiction in their portfolio, reinforcing their compliance stands. It is a particularly appealing chance given a continuing exodus of international operators from unregulated markets and unlicensed providers. 

Editing by Rachel Hu

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