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Game Payment Technology, (GPT) the bacta majority owned joint venture company launched in the summer, has engaged the services of leading industry law firm Harris Hagan to advise on its YALP cashless payments app. Harris Hagan, the only City of London law firm dedicated exclusively to the provision of legal services to all sectors of the UK and international gambling and leisure industry, will advise on the extensive social responsibility aspects contained within the YALP app as well as ensuring that it is fully compliant with all SR legal requirements.
Heralding the latest development in the YALP journey, Quentin Stott, Managing Director of Reflex Gaming and a bacta appointed member of the GPT board, said: “As the industry will testify, bringing new products to market within the gambling space is a complex and detailed process. Enlisting the services of Harris Hagan, named ‘Best Regulatory Law Firm of 2019’ by Gambling Compliance, will confirm to external stakeholders and customers that we are addressing the shift away from cash usage by the general public, in a compliant and socially responsible way.
“GPT is required to ensure compliance with all aspects of gambling law, including:- The Gambling Act 2005 (the “2005 Act”) and licensing objectives; The Gaming Machine (Circumstances of Use) Regulations 2007; The Explanatory Memorandum to the Regulations; The DCMS Regulatory Impact Assessment to the Regulations; and The Licence Conditions and Codes of Practice (the “LCCP”).”
He added: “YALP’s payment system architecture is highly sophisticated and robust. It features incredibly secure end-to-end encryption and enables the inclusion of important social responsibility messaging. We are building measures into YALP to ensure that the player can, for example, set spend and time limits, thereby taking greater personal control of their gambling activities.”
Source: Latest News on European Gaming Media Network
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