Nektan names Inspired’s Buckley as CEO

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Nektan names Inspired’s Buckley as CEO Topics: People Strategy Gary Shaw has been serving as interim leader since June 2017 Tags: Mobile Online Gambling Nektan has today (Tuesday) appointed Lucy Buckley as its new chief executive, bringing to an end Gary Shaw’s temporary spell in the role. Buckley will take on the full-time position at the B2B and white label gaming software and services provider from December 3 after spending eight years with Inspired Entertainment. She most recently served as vice-president of the Inspired interactive division, which she set up and ran for the last three years with double digit year-on-year growth. Shaw has been interim chief executive at Nektan since Leigh Nissim resigned from the position in June 2017. He will step down from the role but remain an executive director with the company. Speaking about the new appointment, Shaw said: “Lucy’s extensive international gaming experience is an excellent fit for the role as Nektan’s CEO. “Lucy will help to build on our most recent successes, as we continue to win new contracts and deliver additional revenue streams. I will remain very much involved in the business both as a shareholder and as an executive director.” The appointment comes after Nektan earlier this month revealed that it is in the process of considering offers to invest in its US business, having highlighted a “pipeline of opportunities” in the post-PASPA era in the country. The company posted a 64.6% year-on-year increase in net revenue for the first quarter of the 2019 financial year. This amount climbed to a record £6.4m (€7.3m/$8.4m) in the period. Buckley said: “Nektan’s player-focused technology and services have been proven in the European casino market, and the company is making significant headway into new B2B revenue streams and additional markets.“I look forward to working with the team to accelerate the next phase of growth, making Nektan a global leader in online and mobile gaming innovation.”center_img People Subscribe to the iGaming newsletter 9th October 2018 | By contenteditor Email Addresslast_img read more

HKJC orders Betfair to cease Hong Kong racing operations

first_img Subscribe to the iGaming newsletter Hong Kong Jockey Club has told Betfair Australia to “immediately cease and desist” offering betting exchange wagering on its races in an escalation of the fall-out between the two parties. Horse racing 4th September 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: China Hong Kong HKJC orders Betfair to cease Hong Kong racing operations Hong Kong Jockey Club has told Betfair Australia to “immediately cease and desist” offering betting exchange wagering on its races in an escalation of the fall-out between the two parties.The organisation has written to Flutter Entertainment’s Australia subsidiary and Australian regulators after the operator began offering wagering on Hong Kong events at the start of this month. HKJC said Betfair is acting without a licence or its permission, adding it has “zero-tolerance” towards issues relating to integrity and intellectual property rights.HKJC, which runs nearly 700 horse races per year and has a legal monopoly over betting on horse racing in the Chinese region, said: “The club takes this matter seriously as it represents a serious integrity issue and an equally serious infringement of its intellectual property rights. In addition, creating the opportunity for people to back horses to lose is against what we all believe in.”The body has written to the Australian government, Northern Territory Racing Commission – which licenses Betfair – the Australian Communications and Media Authority which administers the Interactive Gambling Act, and the country’s national racing authority, Racing Australia.“The club has also sent formal letters to Betfair and its parent company, Crown Resorts, demanding them to immediately cease and desist from offering wagering via its betting exchange platform (including in-play betting) on Hong Kong racing, and any related promotion or advertising for the purpose,” HKJC added.Betfair commenced offering wagering on Hong Kong, with the Sha Tin race meeting on 1 September.Announcing its entry into Hong Kong, Betfair Australia chief executive Tim Moore-Barton last month said: “Our punters have been asking for Hong Kong racing for several years and we have been working on it for just as long.“Today I’m really excited to allow punters to legally bet against each other on some of the best horse racing in the world.” Topics: Legal & compliance Sports betting Horse racing Tags: Race Track and Racino Email Addresslast_img read more

Fornaro to depart as chief financial officer of IGT

first_img Fornaro to depart as chief financial officer of IGT International Game Technology (IGT) has announced that Alberto Fornaro is to step down as its chief financial officer, with Timothy Rishton set to take on the role on an interim basis. 3rd December 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games International Game Technology (IGT) has announced that Alberto Fornaro is to step down as its chief financial officer, with Timothy Rishton set to take on the role on an interim basis.Also an executive vice president at the supplier, Fornaro will remain with the business until January 31, 2020, after which he will exit in order to pursue other professional opportunities.Fornaro has served in his current role at IGT since 2013, prior to which he was chief financial officer of GTECH for two years before its merger with IGT.“It has been a great honour to serve as IGT CFO and to participate in the company’s success during the last eight years,” Fornaro said. “With the recent completion of important refinancing activity and a strong finance organisation in place, it is the right time for me to move on to a new challenge.”Read the full story on iGB North America. Subscribe to the iGaming newsletter Topics: Casino & games Lottery People Strategy Email Addresslast_img read more

Sportradar renews integrity deal with Asian Football Confederation

first_imgSports betting Subscribe to the iGaming newsletter Sports data services provider Sportradar has renewed its long-term integrity partnership with the Asian Football Confederation (AFC) until 2023.The relationship, which began in 2013, will now run at least until the continental governing body holds its Asia Cup China 2023 tournament.Sportradar will continue to support the AFC Integrity Unit with the Intelligence and Investigation Services (I&I), with the aim of building on the work that the two bodies have done over the past seven years.The partnership has developed to include multi-faceted approaches to tackle a range of integrity issues, backed by Sportradar’s global team of integrity experts and over 20 analysts and investigators at integrity hubs in Manila, Sydney and Singapore.Stand-out achievements from the partnership include the AFC Integrity Unit last year issuing life bans against four Central Asian players for match-fixing within AFC competitions in 2017 and 2018.In addition, the AFC in 2017 launched its integrity mobile application, allowing fans, players and officials to report concerns directly to the AFC Integrity Unit. As part of the extended deal, the app will be upgraded to enable users to also report doping, bullying and harassment incidents.“Sportradar have been a valued and trusted partner of ours since 2013, and we are very proud of what we have accomplished together to help protect the integrity of Asian football,” AFC president Shaikh Salman bin Ebrahim Al Khalifa said.“However, we cannot stand still and become complacent, that is why our cooperation has evolved over the years to include detection, safeguarding, prevention and reporting measures. Through this, Asian football has the level of integrity protection that befits our loyal and passionate fans across the continent.”Sportradar chief executive Carsten Koerl added: “Our partnership has been characterised by action and innovation in the fight against match-fixing, and strong cooperation has been central for this. From day one, the AFC have sought to make integrity their top priority, and this has led to many positive results, including a clear decline in match-fixing issues across Asia.“We look forward to continuing our close working relationship with the AFC over the coming years and playing an even bigger role in helping to uphold the integrity of Asian football.”The renewal comes after Sportradar this week also extended a deal with Tennis Australia to continue to offer data content, encoding technology and integrity services to Australia’s tennis body. Regions: Asia Topics: Sports betting Strategy Sportradar renews integrity deal with Asian Football Confederationcenter_img Sports data services provider Sportradar has renewed its long-term integrity partnership with the Asian Football Confederation (AFC) until 2023. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 24th January 2020 | By contenteditor Email Addresslast_img read more

Kindred profits fall in 2019 as costs increase

first_imgCasino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Kindred profits fall in 2019 as costs increase Regions: Europe Topics: Casino & games Finance Sports bettingcenter_img Unibet operator Kindred Group has revealed a year-on-year decline in profit for 2019, primarily due to higher costs associated with its expansion efforts in the US.Kindred’s revenue climbed 0.6% year-on-year to £912.8m (€1.09bn/$1.19bn). Western Europe contributed the majority of this revenue, at £555.5m, up 7.6% from 2018. Revenue from the Nordic countries came to £258.6m, a 15.7% decline.Central, eastern and southern Europe brought in £79.0m in revenue, up 15.8%, while the rest of the world contributed £19.7m, up 18.7%.Sports betting brought in just under half of Kindred’s revenue at £435.5m, down less than 0.1%. It was most popular in western Europe, bringing in £299.9m. In the Nordic region, it brought in £86.7m after a 23% decline and in central, southern and eastern Europe it came to £36.9m. Sports betting brought in £12.0m in the rest of the world, up 35% year-on-year.Henrik Tjärnström, chief executive of Kindred Group, said factors such as Sweden’s tightly regulated market affected the group’s ability to bring in revenue throughout 2019.“Some of the factors that impacted the fourth quarter of 2019 were the same as we reported in previous quarters, such as the Swedish regulation and increasing restrictions in the Dutch market,” Tjärnström said. “These and other headwinds are a normal part of our business that we address, adjust to and, over time, use as a competitive advantage.”This £435.5m in sports betting revenue came on £5.18bn in total stakes. The total revenue from in-play betting remained static at £250.5m, while revenue from pre-game bets rose 0.8% to £263.9m. However, an increase in free bets meant that overall sports betting revenue declined slightly.Unibet’s margin on sports bets came to 8.4%, down from 8.6% in 2018.For casino and other games, revenue came to £255.6m in Western Europe, £171.9m in the Nordics, £42.1m in central, eastern and southern Europe and £7.7m in the rest of the world.The operator paid £404.2m in costs of sales, up 13.8% year-on-year. The majority of this came from betting duties, which rose 28.7% to £204.3m. Marketing costs paid to revenue share affiliates declined 2.4% to £48.8m while other costs of sales rose 3.0% to £151.1m.Tjärnström noted that the higher costs despite stable revenue was largely due to the operator’s expansion into the US, which should start to generate more revenue in the future.“We also had the first full quarter of trading in the locally regulated US states of New Jersey and Pennsylvania,” Tjärnström said. It was expected that the first months of trading in the US would be loss-making which is completely in line with Kindred’s experience of launches into other new markets.“This is logical as revenues grow from zero in response to our marketing investments, which includes initial marketing production costs ($2m) to go live that will be used longer term.”This resulted in a gross profit of £508.6m, down 7.9%.Unibet’s administrative costs increased by 15.8% to £219.0m. The largest part of this expenses was salaries, which rose 14.4% to £96.1m. Other operating expenses declined slightly to £73.6m while depreciation costs rose to £25.0m, of which £14.9m was deprecation of properly, plant and equipment and £10.1m for right-of-use assets. Amortisation costs increased by 36.5% to £24.3m.Marketing costs excluding revenue share payments increased by 11.6% to £210.9m. This resultd in underlying profit before items affecting comparability falling 55.8% to £78.7m.After management costs relating to acquisitions of £200,000, personnel restructuring costs of £1.7m, amortisation costs of intangible assets of £7.9m and a £2.0m gain from currency exchange, Kindred’s profit from operations came to £70.9m, down 55.7%.After a £7.0m loss from financial costs and a £2.9m gain from currency exchange rates on loans, Kindred’s pre-tax profit came to £67.1m, down 55.2%. Kindred paid £10.5m in tax in 2019, leading to an overall profit of £56.6m, down 57.0%.For the fourth quarter of 2019, revenue declined 5.6% to £236.2m. This figure came from 1,603,903 active customers, with £110.7m from sports betting and £112.3m.After a cost of sales of £106.2m, Kindred’s gross profit came to £130.0m, down 17.5%. Kindred’s administrative expenses came to £56.9m, leaving underlying profit of £17.8m, down 64.0%.Kindred’s operating profit for the quarter came to £13.3m, down 70.4%. After financial income and expenses, pre-tax profit remained at £13.3m. The operator paid £2.4m in tax in the quarter for an overall profit of £10.9m, down 72.3%.Tjärnström said that so far in 2020, Kindred has appeared far more successful than in 2019.“Subject to change during the remainder of the quarter, but as an initial indication, the daily average gross winnings revenue for the period 1 January to 9 February 2020 in GBP was 5% higher (10% in constant currency) than for the same period last year. In the US, gross winnings revenues grew by 90% in January 2020 compared to December 2019,” Tjärnström said.Today (12 February), Kindred also agreed a deal with Caesars Entertainment to roll out its sports betting and online gaming services in Iowa and Indiana.Kindred, which will also be required to secure relevant licences in both states, will partner with Caesars’ Horseshoe Hammond Property in Indiana and the Harrah’s Council Bluffs property in Iowa. 12th February 2020 | By Daniel O’Boyle Unibet operator Kindred Group has revealed a year-on-year decline in profit for 2019, primarily due to higher costs associated with its expansion efforts in the US. Email Addresslast_img read more

GiG offers free coronavirus compliance checks to operators

first_img Topics: Marketing & affiliates Tech & innovation Marketing & affiliates Tags: Online Gambling Gaming Innovation Group (GiG) is to offer free searches to online operators that are concerned affiliates are using the novel coronavirus (Covid-19) pandemic to promote their brand. GiG offers free coronavirus compliance checks to operators AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Companies: GiG 24th March 2020 | By contenteditor Subscribe to the iGaming newsletter Gaming Innovation Group (GiG) is to offer free searches to online operators that are concerned affiliates are using the novel coronavirus (Covid-19) pandemic to promote their brand.According to GiG, supervisory authorities identified that a number of unethical affiliates have been exploiting the coronavirus crisis to boost search results of certain brands.In response, GiG has added a number of coronavirus keywords to its GiG Comply proprietary affiliate monitoring and compliance software, with operators able to carry out searches free of charge.“We don’t believe anyone should be profiteering off this crisis, which is having a huge effect on so many within our industry and through many others,” GiG’s director of sales James King said. “Therefore at GiG, are running checks against Covid-19, Coronavirus and other associated keywords for operators for free.“Our technology can scan and analyse thousands of web pages within a short space of time and therefore is well placed to support our industries fight against those profiteering off the back of this crisis.”GiG is the latest gambling business to offer certain services free of charge in the midst of the global coronavirus outbreak.Last week, Bosnia-based igaming solutions provider NSoft announced it would offer its virtual and draw-based games free of charge to help operators mitigate the impact of coronavirus on their businesses. Compliance solutions provider W2 Global Data is also offering its services without any fees attached, while esports data specialist Bayes Holding is offering new customers a discount on its data feeds.In addition, iGB yesterday (23 March) announced that all premium content will be free at least until the end of April. Email Addresslast_img read more

Committee approves California sports betting bill

first_img Regions: US 3rd June 2020 | By Daniel O’Boyle Topics: Sports betting Subscribe to the iGaming newsletter The California Senate Committee on Government Organization has approved a constitutional amendment bill to allow sports betting in the state.In a partisan 9-3 vote, with all Democrats on the committee voting for the bill and all Republicans against, SCA 6 – proposed by committee chair Bill Dodd – was adopted. The bill has now been referred to the Senate Committee on Appropriations, with a hearing scheduled for 9 June.The bill, for which a companion proposal (ACA 16) has been filed in the Assembly by Assemblyman Adam Gray, sets out plans to allow for a statewide referendum on the sports betting, which would have to be backed by two-thirds of voters before it could come into law.The proposed amendments allow only tribal casinos and racetracks to operate legal betting, blocking card rooms from the vertical.Read more on iGB North America AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Committee approves California sports betting bill Sports betting Email Addresslast_img read more

Wiggin European regulation roundup – June 2020

first_img Subscribe to the iGaming newsletter 4th June 2020 | By Stephen Carter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Legal & compliance Lottery Sports betting Bingo Poker Email Address In conjunction with Chris Elliott and Beth French of Wiggin LLP, iGB provides a regulatory snapshot of igaming across Europe. Italy, Norway and Sweden are among those updated for this month’s edition Tags: Card Rooms and Poker Online Gambling In conjunction with Chris Elliott and Beth French of Wiggin LLP, iGB provides a regulatory snapshot of igaming across Europe. Italy, Norway and Sweden are among those updated for this month’s editionAUSTRIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Licences for sports betting and horse race betting are available for private operators on a regional basis within Austria, whereas poker, casino, bingo and lottery are controlled by the monopoly, Casinos Austria, which has exclusive rights until 2027. Status: The CJEU has held that the Austrian casino monopoly is incompatible with EU law in a number of cases, although national courts continue to reach conflicting decisions on the compatibility of Austria’s current gambling legislative framework with EU law and the position remains unclear.BELGIUM Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All products are available to private operators except for lotteries, which are reserved exclusively for the monopoly provider. However, online operators need to partner with a land-based licence holder in order to satisfy a local establishment requirement; alternatively, apply for one of the retail licences that can be extended to cover online. Status: There remain valid arguments that the existing regime is incompatible with Belgium’s EU Treaty obligations. Active enforcement measures against operators and players are in place. A mandatory, weekly deposit limit of €500 for all customers of licensed operators is in effect. A draft law to introduce an advertising and sponsorship ban has been submitted to parliament.BULGARIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery (excluding raffles and instant lottery games). Operator type: All products are available to private operators except for lotteries, which are to be reserved exclusively for the monopoly. Status: Any operator from an EU/EEA jurisdiction or the Swiss Confederation can apply for a licence. The Bulgarian regulator has awarded approximately 30 licences to date, including to a number of international operators. The government has adopted amendments to the country’s gambling legislation to establish a monopoly on lotteries in Bulgaria, with any existing lottery licences to be revoked with immediate effect following the amendment’s entry into force.CROATIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All products are available to private operators except for lotteries, which are reserved exclusively for the monopoly provider. Private operators can only be licensed to offer online gambling if they obtain a land-based casino or betting licence. Status: Attempts by the Ministry to update its gambling legislation have been subject to criticism in respect of EU incompatibility issues (including the requirement that only holders of land-based licences can offer online gambling). Regulatory reforms appear to have stalled in the country.CYPRUS Regulated gambling products: Sports betting, horse race betting and lottery. Operator type: OPAP has a monopoly over lottery operations; betting licences are available to private operators. Status: Cyprus regulated online betting in July 2012, although a licensing regime was not established until 2016. ISPs are obliged to implement blocking measures to prohibit Cypriot residents from accessing unlicensed gambling websites. A new betting law, which entered into force in March 2019, replaces the 2012 Betting Law. The provisions of the new law are substantially the same, with minor amends introduced to address EU incompatibility concerns under the previous law (such as the requirement to have a local branch in order to obtain a betting licence). An overhaul to player protection measures has been proposed by the betting regulator.CZECH REPUBLIC Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: EU and EEA-based operators are able to apply for licences. Status: The new gambling regulatory regime entered into force in the Czech Republic on 1 January 2017, allowing EU/EEA companies to enter the market. ISP-blocking measures are active in the jurisdiction. Tax rates reportedly increased to up to 30% of GGR for certain online gambling activities from January 2020.DENMARK Regulated gambling products: Sports betting, fantasy sports, horse race betting, poker, casino, bingo and lottery. Operator type: Licences for all gambling products are available to private operators save for lotteries, which are controlled by the state monopoly. Status: The Danish online gambling regime went live on 1 January 2012. ISP-blocking measures are active in the jurisdiction and the Danish Gaming Authority (DGA) has been granted an injunction to block operators and suppliers that have been targeting Danish customers without the requisite licence. As of 1 January 2020, licensed operators are required to ensure that customers have set deposit limits before they are allowed to gamble, although it is understood this applies to online casino only. The regulator has introduced new marketing regulations, effective from 1 April 2020.ESTONIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Licences for all gambling products are available to private operators save for lotteries, which are reserved exclusively for the monopoly operator. Status: Operators seeking to accept business from players in Estonia must be issued an activity licence for the type of gambling they wish to offer, then an operating permit to provide the services online. A blacklist of operators is maintained and updated by local authorities and ISP and payment blocking is in force. Though some operators argue that the regime is still not compatible with EU law, no notification alleging incompatibility has been issued by the EC since the requirement for licensees to main servers in Estonia was removed.FINLAND Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All gambling products are under the exclusive control of monopoly provider Veikkaus Oy. Status: Despite the existence of a national monopoly, EC enforcement action was dropped subsequent to various changes to Finnish laws. Active enforcement measures are in place (restrictive marketing for offshore operators in particular) and the government is exploring measures to further restrict the offshore supply of gambling services. The Finnish Competition and Consumer Authority published a report in 2019 criticising the existing regime, citing failures of the current monopolistic system that arguably raise questions over the regime’s compatibility with EU law. Maximum loss limits have been lowered by government decree until 30 September 2020 (applicable to monopoly provider Veikkaus Oy) in light of the Covid-19 pandemic, with enforcement efforts expected to be stepped up against unlicensed operators to combat increases in offshore play.FRANCE Regulated gambling products: Sports betting, horse race betting, poker, bingo and lottery. Operator type: Private operators can obtain online licences for sports betting, horse race betting and poker. The monopoly has exclusive rights to bingo and lottery. Status: A regulated market since the introduction of a licensing regime in 2010, following which the EC withdrew its infringement proceedings. Ordinance 2019-1015, which was published in the French Official Journal in October 2019, amends the existing gambling legislation and establishes a new regulatory authority, L’autorité Nationale des Jeux, for land-based and online gambling (said to be effective from Spring 2020 but subject to delays). Responsible gambling advice has been issued to operators and players during the Covid-19 crisis, with a warning against using bonuses to attract new players to poker.GERMANY Regulated gambling products: Schleswig-Holstein, a small northern-German state, regulates sports betting, horse race betting, poker, casino and bingo. The other 15 states of Germany currently permit only sports betting and horse race betting. Operator type: Private operators can no longer obtain casino licences in Schleswig-Holstein under the existing regime, although S-H has approved legislation to reinstate existing licences until 2021 (with operations allowed to continue in the interim). S-H has also introduced a quasi licensing regime for sports betting (intended to be of a transitional nature). In the other 15 states, horse race betting licences are available at a regional level. Sports betting licences can be applied for by private operators as of 1 January 2020, albeit the licensing process has been suspended following a ruling of Administrative Court of Darmstadt in April (currently the subject of appeal). Status: The main legal framework for gambling regulation in Germany has been the subject of much debate and has been heavily criticised by the EC and interested parties/states within Germany for a number of years. Discussions to reform the existing legislation have resulted in the approval of the 3rd Amendment Treaty which, following ratification on 18 December 2019, entered into force on 1 January 2020. The 3rd Amendment Treaty  removes the limit on the number of sports betting licences and re-introduces a sports betting licensing process. The ban on online casino remains in place, although there is an exception to the prohibition for S-H. An increase in enforcement action is expected now the 3rd Amendment Treaty is in effect. On 12 March 2020, the German prime ministers approved the new Interstate Treaty on Gambling which proposes to  allow private operators to obtain a licence to offer online slots for the first time (although stringent restrictions, such as stake limits, are expected to be implemented). The Treaty, which has been notified to the EC and is scheduled to enter into force from 1 July 2021, still needs to be ratified by state parliaments before becoming law. Enforcement action continues, including a recent interdiction order issued to a payment services provider.GREAT BRITAIN Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All licences are available to private operators save for lottery, which is reserved exclusively for the monopoly provider, Camelot. Status: Any operator that transacts with, or advertises to, British residents requires a licence from the Gambling Commission (GC). Licensed operators are required to source gambling software from GC-licensed businesses. Licensed operators are prohibited from allowing consumers to use credit cards to gamble (including online and land-based gambling with the exception of non-remote lotteries) as of 14 April 2020. The GC is set to consider the introduction of stake limits online, with a decision to be made by late autumn of this year. Members of the Betting and Gaming Council, a UK trade group, have agreed to stop TV and radio advertising during the coronavirus lockdown.GREECE Regulated gambling products: Sports betting, horse race betting and lottery. Operator type: All products are exclusively reserved for the monopoly providers pending the implementation of an open licensing regime, although certain private operators are permitted to operate on a transitional basis. Status: In 2012, a ‘transition period’ commenced, whereby the Greek government granted 24 transitional licences to operators, enabling them to provide services to Greek residents. Legislation, which will introduce an open licensing regime for online betting and “other online games”, including casino and poker, entered into force on 30 October 2019. The new regime was not implemented by 31 March 2020 as was originally envisaged. As a result, the regulator confirmed that transitionally licensed operators could continue to offer their services under “temporary” licences provided such operators had submitted an application for a permanent licence prior to 31 March 2020.HUNGARY Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Only the state monopolies (Szerencsejáték Zrt. and Magyar Lóversenyfogadást-Szervezo Kft) and local concession companies can apply for a licence. Status: Amendments to Hungarian gambling law came into force on 1 October 2015 and allow only two land-based casinos to hold remote casino concessions. The regulator has since issued fines, a number of which have been challenged, against unlicensed operators that continue to target the market. In June 2017, the ECJ determined Hungary’s gambling regime to be incompatible with Article 56 TFEU. A subsequent ECJ decision in February 2018 ruled against the Hungarian requirement that online gambling operators must have a land-based licence to offer online gambling services to Hungarian citizens, further strengthening arguments that the current regime is incompatible with EU law.IRELAND Regulated gambling products: Online betting regulated since August 2015. Online gaming is not specifically accounted for in Ireland’s outdated legislation and as such is currently unregulated. Operator type: Private operators can apply for a betting licence. Status: Ireland has contemplated updating its legislation, which will create a comprehensive igaming regime, for some time. The Gambling Control Bill – the legislation which promises to specifically regulate online gambling – has been subject to continued delay and legislative progress is not expected in the short- to medium-term.ITALY Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Fully regulated market, although lotteries are the subject of a state monopoly. Status: Remote gambling licences are granted within specific application windows. The last tender process for applications closed on 19 March 2018. AGCOM, the Italian communications regulator, recently issued its first sanction against an operator for violation of the advertising ban (introduced in 2018). New measures to combat unlicensed gambling, including payment blocking measures, entered into effect in October 2019. The 2020 Budget Law provides for the organisation of a tender for the issuance of licences by 31 December 2020 – it is understood there will be 40 licences available for online gambling. A new tax, which amounts to 0.5% on turnover, is set to be introduced on all bets on sporting events (including virtual sports) until 31 December 2021.LUXEMBOURG Regulated gambling products: Lottery. Operator type: Monopoly. Status: The general prohibition on gambling appears sufficiently wide to cover all forms of online gambling.MALTA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Private operators can apply for a local licence (except for lottery products). Status: In 2018, Malta has approved a new Gaming Act that replaced all existing gaming legislation with a single piece of legislation, supplemented by secondary legislation. The Gaming Act, with directives and regulations, became effective 1 August 2018.NETHERLANDS Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Monopoly for all products. Status: The Remote Gambling Bill, intended to introduce a new regime, is expected to enter into force on 1 January 2021, with a six-month window for licence applications. It is understood that operators that have directly ‘targeted’ the Dutch market will face a 30-month cooling-off period before being eligible for a licence. Full implementation of a licensing regime is not expected until 1 July 2021, albeit local experts consider this target increasngly unlikely. In the interim, the regulator is expected to continue to implement enforcement measures against operators targeting Dutch players.NORWAY Regulated gambling products: Sports betting, horse race betting and lottery. Operator type: Online gambling is reserved for the two monopoly providers, Norsk Tipping and Norsk Rikstoto. Status: The monopoly has extended its offering to include live betting, online bingo and casino games in an attempt to redirect traffic from unlicensed sites. The Norwegian regulator continues to step up enforcement efforts against unregulated operators, local banks and payment service providers. The government has passed amendments to try and stem the flow of gambling supply from offshore, including enhanced enforcement powers to prevent gambling advertising from abroad. Expanded payment blocking provisions entered into effect on 1 January 2020.POLAND Regulated gambling products: Sports betting, horse race betting, casino and poker. Operator type: Betting licences are available for companies with a representative in Poland. Casino and poker are reserved for a state monopoly. Status: Legislation enacted 1 January 2012 permits betting. Online gaming (including poker) is no longer prohibited as of 1 April 2017, although the exclusive rights to offer such products are reserved for a state monopoly. Provisions that provide for the establishment of a blacklist of unlicensed operators and ISP and payment blocking came into force on 1 July 2017. The blacklist contains more than 1,000 domain names. PORTUGAL Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Any EU/EEA operator can apply to be granted a licence for online gambling. Lottery games and land-based fixed-odds sports betting remain reserved for a monopoly. Status: A regulated market since 2015. Although operators can apply for licences, their Portuguese revenue streams are subject to comparatively high tax rates, particularly in sports betting. Portugal’s 2020 Budget will implement changes to the current taxation rates applicable to selected gambling products offered online. The Portuguese government has instituted legislation that imposes a partial or total ban on online gambling for the duration of the Covid-19 pandemic. The legislation does not state the specifics on the limitations, but it is understood that it will apply to online casino only (if implemented).ROMANIA Regulated gambling products: Sports betting, horse race betting, casino, bingo and lottery. Operator type: Any operator from an EU/EEA jurisdiction or the Swiss Confederation can apply for a licence. Lottery games remain reserved for the monopoly. Status: The Gambling Law (as amended) introduced a legal framework for a fully regulated online gambling market and requires licences to be held by online gambling operators, as well as software providers, payment processors, affiliates and testing labs. After some delay, the secondary legislation that fully implemented the new licensing regime came into force on 26 February 2016. The gambling regulator actively polices the regime and notifies ISPs to block blacklisted websites.SLOVAKIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Private operators can apply for licences for online casino as of 1 March 2019 and for sports betting licences from 1 July 2019. Lottery and bingo remain reserved for the monopoly provider. Status: A new Gambling Law came into force on 1 March 2019. The Gambling Law allows private operators outside of Slovakia to apply for licences for sports betting and casino, although sports betting licences will not be operational until at least July 2020.SLOVENIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Online gambling must be operated by land-based casinos or lotteries and, as a result, only the monopoly holds online licences in Slovenia. Status: The requirement that only land-based Slovenian operators are eligible for licences is considered by certain industry stakeholders to be incompatible with EU law. Draft amendments to the Gaming Act were published in 2015, which aimed to remove the current local establishment requirement. However, the proposal does not appear to have been submitted to parliament to date.. Whether any proposed amendments will ultimately introduce an open licensing system remains unclear.SPAIN Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Private operators can apply for licences for all gambling products save for lottery. Status: Operators must hold a general licence and a specific licence, both issued by the National Gambling Commission, for each activity. Remote gambling licences are granted within specific application windows. The last tender process for applications closed on 18 December 2018. In April 2020, Spain’s government introduced restrictive measures on the offer of bonuses and advertising gambling for the duration of the country’s lockdown during the Covid-19 crisis. SWEDEN Regulated gambling products: Betting (including sports, horse race, pool, exchanges), casino, poker, bingo and lottery. Operator type: Licences are available for private operators. Status: As of 1 January 2019, Sweden is a fully regulated market. All gambling operators that wish to offer their services to Swedish residents will be required to obtain a licence in order to validly do so (either a ‘betting’ licence or a ‘commercial online games’ licence, depending on the product(s) being offered). Active enforcement measures are in place. Proposed regulation, which is set to be introduced on 2 July 2020 in response to the Covid-19 crisis, will introduce restrictions on, among other things, deposit and loss limits (applicable to casino only) and total login time. The measures are expected to be in place until the end of 2020.Wiggin is a law firm dedicated to supporting the media, entertainment and gaming sectors. Its market-leading betting and gaming group provides specialist legal services to an array of gambling industry stakeholders. We advise many of the world’s leading gambling operators and suppliers and also enjoy helping entrepreneurial, interactive start-up businesses. If you’d like to hear more, contact us at [email protected] by Suzy Hazelwood from Pexels Regions: Europe Bingo Wiggin European regulation roundup – June 2020last_img read more

Mississippi betting market swings to a loss in June

first_img15th July 2020 | By contenteditor Topics: Casino & games Finance Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Casino & games Mississippi’s sports betting market posted a $62,230.77 loss for June, after the state’s northern casinos posted heavy losses on basketball betting for the month. The latest figures from the Mississippi Gaming Commission show that total revenue is down significantly from June 2019’s $1.6m total. This also represents a decline from May 2020’s revenue of $87,697.08.Amounts wagered were also down significantly year-on-year, at $1.6m, compared to $15.2m in the prior year. June’s handle, however, represented a significant increase on the $236,502.91 wagered in May this year. The state’s coastal casinos continued to account for the bulk of handle, with $898,425.30 wagered at the properties. Licensees held $27,358.45 of this sum, for a win percentage of 3.05%. Other sports – ie, those outside of the traditional US sports of football, basketball and baseball – accounted for $625,457.64 of amounts wagered, and revenue of $119,335.49. However must of this was wiped out by heavy losses on football and basketball. For football, players staked just $1,388.40 but sportsbooks made a loss of $90,177.75, while basketball stakes of $33,720.80 resulted in losses of $44,807.16.Read the full story on iGB North America.center_img Mississippi betting market swings to a loss in June Subscribe to the iGaming newsletter Mississippi’s sports betting market posted a $62,230.77 loss for June, after the state’s northern casinos posted heavy losses on basketball betting for the month.  Regions: US Mississippilast_img read more

Swiss Casinos Group joins Playtech’s iPoker network

first_imgSwiss Casinos operates land-based casinos in Pfäffikon, St. Gallen, Schaffhausen and Zürich, as well as an online casino offering via its Casino Zürichsee property in Pfäffikon. Poker Regions: Switzerland 1st December 2020 | By Robert Fletcher Tags: Playtech Swiss Casinos Group The arrangement will see Swiss Casinos, which runs four land-based casinos in Switzerland, gain access to Playtech’s online poker software and the provider’s iPoker network. The deal comes after Playtech also announced plans to relocate its tax residency from the Isle of Man to the UK early next year. Swiss Casinos Group joins Playtech’s iPoker network The provider’s board said such a move would allow its to host board meetings and make board decisions in the UK, as well as hold shareholder meetings in the country, which it said would help encourage greater shareholder participation. The proposal will be discussed at a general meeting later this month. “We have migrated major new brands to the iPoker network this year, and we couldn’t be more thrilled to welcome Swiss Casinos.” Playtech’s chief operating officer Shimon Akad added: “Having invested heavily in our new Poker web client, in addition to our native Poker app and popular downloadable desktop Poker Client, we can offer operators access to an exceptionally flexible platform as well as an ever-growing network. Switzerland-facing casino operator Swiss Casinos Group has become the latest business to commit to the Playtech iPoker online poker network. “Launching our online casino offering in partnership with Playtech over the past twelve months has been incredibly rewarding, and we are excited to be bringing the iPoker.com network to Switzerland for the first time,” Swiss Casinos chief executive Marc Baumann said. Subscribe to the iGaming newsletter This online casino is also operated in partnership with Playtech. Topics: Online casino Poker AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more