Friolion Limited, a Cyprus-based company, has emerged as a notable entity in the online gambling industry. Registered on March 5, 2021, with the Cyprus Registrar of Companies under the registration number ΞΞ 419102, Friolion Limited operates as a private limited company. The company’s active status and its involvement in the online casino sector make it a subject of interest for those looking to understand the landscape of online gambling operators.
Overview of Friolion Limited
Friolion Limited is headquartered at ΞΡάνδΟΞΏΟ , 12Ξ, 3086, ΞΡμΡΟΟΟ, ΞΟΟΟΞΏΟ. The company’s registration and operational details are publicly available, providing transparency about its corporate structure and activities. As a company involved in the online gambling industry, Friolion Limited’s operations are subject to regulatory oversight, which is crucial for maintaining the integrity and fairness of online casino games.
Regulatory Compliance and Legal Considerations
Operating in the online gambling sector, Friolion Limited must adhere to various legal frameworks, including those set by the Australian Communications and Media Authority (ACMA). It’s important for players to understand that online gambling laws in Australia, such as the Interactive Gambling Act 2001 (IGA), prohibit the provision of certain interactive gambling services to Australian customers. This means that any casino operated by Friolion Limited must comply with these regulations to avoid legal repercussions.
Corporate Structure and Governance
Friolion Limited’s governance is overseen by its directors and secretaries. Elena Damianou serves as a director, and VIZUS H.C. LTD acts as the company’s secretary. The presence of these officials ensures that the company adheres to corporate governance standards, which is essential for maintaining operational integrity and accountability.
Advantages and Disadvantages of Friolion Limited’s Operations
Understanding the advantages and disadvantages of Friolion Limited’s operations can provide valuable insights for players and industry observers:
- Advantages:
- Transparency: As a registered company, Friolion Limited provides public access to its registration details, which can enhance trust among players.
- Regulatory Oversight: Being subject to regulatory bodies like the ACMA ensures that the company’s operations are monitored for compliance with gambling laws.
- Disadvantages:
- Legal Restrictions: The company must navigate complex legal landscapes, such as the IGA in Australia, which can limit its ability to offer certain services to Australian players.
- Operational Challenges: Compliance with various international gambling regulations can pose operational challenges and increase costs for the company.
Conclusion
Friolion Limited’s role in the online gambling industry, particularly in the context of casinos offering NetEnt slots and games, is significant. As a Cyprus-based entity, the company must navigate a complex web of international regulations to ensure compliance and maintain its operations. For players, understanding the corporate structure, regulatory environment, and the advantages and disadvantages of Friolion Limited’s operations can provide a clearer picture of the online gambling landscape. It’s essential for players to stay informed about the legalities surrounding online gambling in their jurisdiction, such as Australia, to ensure a safe and enjoyable gaming experience.
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