Wiggin EU regulation roundup – September 2018

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Card Rooms and Poker Online Gambling 4th September 2018 | By Joanne Christie In conjunction with Chris Elliott and Beth French of Wiggin LLP, iGaming Business provides a regulatory snapshot of igaming across the EU, including all regulated products, legalised operator types and market updates. Italy, the Netherlands and Slovakia are among those updated.AUSTRIA 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: In 2016, national courts reached conflicting decisions on the compatibility of Austria’s current gambling legislative framework with EU law, which remains unclear. The draft amendments to the Gambling Act, which would introduce ISP-blocking measures and an express provision rendering gambling contracts contrary to the Gambling Act void, has been temporarily withdrawn. It is unclear at this stage whether the initial draft will be re-published.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 local casinos in order to satisfy the land-based establishment requirement; alternatively, apply for one of the 34 retail licences (F1 licences) that can be extended to cover online (F1+ licence).Status: There remain valid arguments that the existing regime is incompatible with Belgium’s EU Treaty obligations. On 22 March, 2018, Belgium’s Constitutional Court ruled in favour of an exemption from VAT obligations for online gambling transactions. Active enforcement measures against operators and players are in place. Following a recent ruling by the Constitutional Court that the country’s licensing arrangements are unconstitutional, each type of gambling product will need to be offered through a different URL in order to harmonise the disparity between land-based and online licence conditions.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 reserved exclusively for the monopoly provider.Status: Any operator from an EU/EEA jurisdiction or the Swiss Confederation can apply for a licence. The Bulgarian regulator has awarded approximately 20 licences to date, including to a number of international operators. The government has notified the European Commission of draft amendments to the country’s gambling legislation which, among other things, would introduce stringent restrictions on how gambling products can be advertised. The standstill period ends on 10 September, 2018.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 igaming if they obtain a land-based casino or betting licence.Status: Following Croatia’s accession to the EU in 2013, it was understood that it would submit new legislation that was compatible with EU law. However, on 5 March, 2014, the Croatian government notified a draft bill to embolden the position of the monopoly and local operators, giving rise to further incompatibility issues. The receipt of a detailed opinion from the EC stalled the legislative process.CYPRUS Regulated gambling products: Sports betting, horse race betting and lottery. Operator type: OPAP has a monopoly over lottery operations; sports-betting licences are available to private operators.Status: Cyprus regulated online betting in July 2012, although a licensing regime was not established until 2016. Applications for online sports-betting licences were accepted for a one-month period only from 3 October, 2016. ISPs are obliged to implement blocking measures to prohibit Cypriot residents from accessing unlicensed gambling websites. Cyprus has notified new draft gambling legislation to the EC in response to concerns about the local establishment requirement under the Betting Law and the equal treatment of gambling operators in the country (principally as a result of the exemption afforded to OPAP).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. The licensing regime has been called into question after a number of foreign operators are believed to have withdrawn from the licensing process, citing the current regime as incompatible with EU law. ISP-blocking measures are active in the jurisdiction. DENMARK Regulated gambling products: Sports betting, fantasy sports, horse race betting, poker, casino, bingo and lottery. Operator type: Sports betting, poker and casino licences are available to private operators. Lottery is 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 has been granted an injunction to block operators and suppliers that have been targeting Danish customers without the requisite licence. Danish political parties have reached an agreement to introduce limits on bonuses. The Ministry of Taxation is understood to be aiming for a 1 January, 2019 implementation, although the exact proposed changes are currently unknown.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 remotely. A blacklist of about 1,100 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, there has been no open challenge by the EC to date.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 the three monopoly providers, Raha-automaattiyhdistys (RAY), Fintoto Oy and Veikkaus Oy. The monopolies merged into one state entity on 1 January, 2017.Status: An ECJ ruling confirmed that Finland’s three monopoly providers are legally permitted, which was subsequently written into law. In November 2013, the EC also withdrew infringement proceedings. Active enforcement measures are in place (restrictive marketing for offshore operators and ISP blocking).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. Parliament announced a full review of French gambling legislation in 2016, although little progress has been made to date except for changes to allow for international poker liquidity and provisions relating to the organisation of esports tournaments. The state-owned operator of France’s national lottery games, Française des Jeux (FDJ), is set to be privatised, with broader regulatory changes to the online sector expected to follow.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 licences in Schleswig-Holstein and those in existence will expire on 30 June, 2019. In the other 15 states, horse race betting licences are available at a regional level but the position surrounding the 20 available sports-betting licences is still uncertain.Status: The licensing regime is in a state of flux. The tender for 20 federal sports-betting licences was aborted following a number of appeals by operators who were not granted licences. The ECJ ruled in 2016 that Germany’s sports-betting regulation was incompatible with EU law and that enforcement actions would be unlawful where none of the 20 licences could, in practice, be acquired. The decision led to calls for comprehensive legal reform of Germany’s gambling legislation. In March 2017, all 16 German states signed amendments to the country’s gambling law; however, on 22 September, 2017, Schleswig-Holstein’s state parliament voted against ratifying these, with North-Rhine Westphalia and Hesse since announcing their intention to follow suit. Without full state support, the intended changes did not take effect, further delaying reform. A Federal Administrative Court ruling on 26 October, 2017, upheld the ban on online casinos and poker. The ruling, which is now the subject of a constitutional complaint, appears to have led to action by local regulators seeking to enforce the prohibition of online casinos by issuing interdiction letters to operators. Payment-blocking initiatives are also being pursued.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. Licensed operators are required to source gambling software from commission-licensed businesses. Since 1 August, 2017, the first use of free plays for remote gaming has been taxed and winnings brought into the duty calculation at the end of the rewagering process. The UK government has announced its intention to increase Remote Gaming Duty at the next budget to cover a shortfall in lost tax revenue resulting from a reduction in maximum stakes on fixed odds betting terminals from £100 to £2.GREECE Regulated gambling products: Sports betting, horse race betting and lottery. Operator type: All products are exclusively reserved for the monopoly providers, although 24 transitional licences for private operators remain active, with all products permitted.Status: The enabling regulations that implement a Greek online gambling licensing regime are yet to be implemented. In 2012, a ‘transition period’ commenced, whereby the Greek government granted 24 transitional licences to operators, enabling them to keep transacting with Greek residents. The fate of the 24 licences is still unclear, although the Hellenic Gaming Commission launched a consultation on the reform of the country’s online gambling regulation in late 2017. Any new licensing regime is not expected to be introduced before 2019, at the earliest. Tax authorities in Greece are currently investigating the 24 licensees for taxes owed on operations from 2010-11.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-SzervezőKft) 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. The Hungarian Ministry of Justice has stated its intention to continue to seek to enforce the existing regime despite the most recent ruling. A draft bill that would introduce payment-blocking measures was notified to the EC on 15 December, 2017, although the bill does not appear to have been adopted to date.IRELAND Regulated gambling products: Online gaming is not specifically accounted for in Ireland’s outdated legislation and as such is currently unregulated. Operator type: Online betting regulated since August 2015.Status: Ireland is currently updating its legislation, which will create a comprehensive igaming regime. In January 2018, the Irish Cabinet gave the go-ahead to draft a new version of a bill that was first proposed in 2013. Ireland’s opposition party tabled its own legislation in response, citing a lack of progress by the government on its own bill. Amendments to the Gaming and Lotteries Act 1956 have also been proposed. Legislative progress is not expected until late 2018 at the earliest.ITALY Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Fully regulated market. Status: The Stability Law 2016, passed in December 2015, introduces various measures affecting the remote gambling industry, including tax changes and a tender process for the award of 120 new online gaming licences. The tender process for applications closed on 19 March, 2018. On 7 August, 2018, the Italian parliament approved a decree which prohibits gambling advertising and sponsorship. The advertising ban took effect on 14 July 2018, although ongoing advertising contracts remain valid until the earlier of their expiration date or 14 July 2019. The sponsorship ban will apply from 1 January 2019.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: Malta has approved a new Gaming Act that replaces all existing gaming legislation with a single piece of legislation, supplemented by secondary legislation. The Gaming Act, together with directives and regulations, is effective as of 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 Dutch parliament’s lower house approved the Online Gambling Bill in 2016, which will introduce an online gambling licensing regime. The legislation will impose a 29% GGR tax on both online and land-based operators. The bill requires approval from the Senate and licensing is not expected to commence until at least 2019. It is understood that operators that have previously been fined by the Dutch regulator will not be eligible for a licence. In the interim, the regulator continues to implement enforcement measures against operators targeting Dutch players and has announced that, as of 1 June, 2017, it would expand its approach to enforcement to pursue any operators that are “specifically and unequivocally” targeting the Dutch market. On 2 May, 2018, the Council of State Administrative Law Division ruled that the licence allocation process for the exclusive licences (under the current regime) for sports betting, lotto games and instant lottery is compatible with EU law.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. In March 2017, the government published a long-awaited white paper on how best to regulate the gambling sector, which proposed that the gambling monopoly remain in place and no licensing system be introduced. The Norwegian regulator continues to step up enforcement efforts against unregulated operators, local banks and payment service providers. On 4 June, 2018, the Ministry of Culture notified a draft regulation to the European Commission that would establish payment-blocking measures. The standstill period will end on 5 September, 2018. The European Gaming and Betting Association is understood to have filed a legal challenge against the proposed measures.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. Following the approval of various amendments to the Gambling Act, 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 now apply for licences, their Portuguese revenue streams will be subject to comparatively high tax rates, particularly in sports betting, which is subject to an 8-16% tax on turnover. In 2015, the RGA filed a state-aid case with the EC challenging the Portuguese betting tax as breaking EU trade rules. On 30 January, 2018, the Portuguese gambling regulator published a call for contributions on the review of the current regulatory framework for online gambling.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 Romanian government passed legislation in 2014 that allows entities within the EU to apply for a licence, imposes a reform on licence fees and eliminates many (but not all) of the tax burdens placed on player revenues. 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 National Office for Gambling in Romania published a blacklist of unlicensed gambling operators in July 2015.SLOVAKIA  Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Monopoly, save that land-based sports-betting operators can offer services online owing to a legal loophole.Status: In November 2016, a bill amending the existing gambling legal framework was approved. The amendments, which entered into force on 1 January, 2017, included the introduction of ISP and payment blocking of illegal online gambling offerings in the Slovak territory. Slovakia’s Financial Directorate began to perform its supervisory function over these blocking measures from 1 July, 2017. New draft legislation has been notified to the EC with a view to liberalising the market in 2019. The proposed legislation, if passed, will allow private EU/EEA operators to apply for online gambling licences.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: Draft amendments to the Gaming Act were published in 2015, which aim to remove the current local establishment requirement. The proposal is yet to be submitted to the Slovenian parliament, although it is expected to be adopted in 2018. Whether any amendments will introduce a formal licensing system remains unclear.SPAIN Regulated gambling products: Private operators can apply for licences for all gambling products save for lottery. Operator type: Private operators can apply for licences for all gambling products save for lottery.Status: First online licences were issued on 1 June, 2012. Operators must hold a general licence and a specific licence, both issued by the National Gambling Commission, for each activity. In June 2015, 10 new licences were awarded, the first since 2012. In addition, 25 online slot permits were issued to new and existing operators. This followed the approval of the regulation of slots and betting exchanges. The Spanish regulatory body DGOJ has formally opened its third call for tender, with applications for online licences accepted from operators for a period of one year, until 18 December, 2018. On 16 January, 2018, online poker liquidity sharing between Spain and France came into effect. The 2018 parliamentary budget was passed into law in June 2018, resulting in a reduction to gambling tax effective as of 1 July, 2018.SWEDEN Regulated gambling products: Sports betting, horse race betting, poker, bingo and lottery. Operator type: Only public-benefit organisations, the horse racing industry and the state lottery may obtain a licence. No licences are available for private operators, although this will change with the introduction of the new legal framework.Status: The Swedish parliament adopted a bill that will introduce an online-gambling licensing regime. The law is expected to enter into force on 1 January, 2019, with the licence application process open as of1 August, 2018.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] Wiggin EU regulation roundup – September 2018 Chris Elliott and Beth French of law firm Wiggin provide a regulatory snapshot of markets across the EU, with Italy, the Netherlands and Slovakia updated Regions: Europe Topics: Casino & games Legal & compliance Lottery Sports betting Bingo Poker Subscribe to the iGaming newsletter Bingo Email Addresslast_img read more

Germany ratifies Third State Treaty on Gambling

first_img Tags: Mobile Online Gambling Topics: Legal & compliance Sports betting The Minister-Presidents of Germany’s 16 federal states have ratified the third amended State Treaty on Gambling, paving the way for operators to apply for sports betting licences in the market, while Schleswig-Holstein will be allowed to run its own, liberal regulatory regime.At the Minister-Presidents’ Conference earlier today (March 21), the lawmakers agreed to sign the Treaty, with licences to come into force from January 1, 2020 and run until June 30, 2021. This will effectively act as a placeholder, with a view to a complete overhaul of Germany’s gambling regulations by 2021.The Treaty will also be submitted to the European Commission to be ratified, which is expected to take place in April this year, with a view to beginning the licensing process later in 2019.The third amended State Treaty has undergone few changes from the 2012 edition, though the controversial 20-licence limit has been removed. While there is no limit on the number of operators that can be licensed, licensees will be taxed on 5% of turnover, in-play betting is prohibited, and players will not be allowed to spend more than €1,000 (£868/$1,137) each month. As before, sports betting is the only vertical permitted.Schleswig-Holstein will be permitted to continue with its own liberal regulatory model until 2021. First introduced in 2011, the state has does not impose any restrictions on product verticals, and sets a 20% gross revenue tax. Steps towards renewing licences issued in 2012 began last week, with a view to having these run until June 30, 2021. The state will effectively act as a testing ground for a more liberal model, which from 2021 could be rolled out across the rest of the country.Dr Wulf Hambach of leading German law firm Hambach & Hambach suggested that due to the short-term nature of the amended Treaty, it would be difficult to enforce the prohibition on live betting.“There is also also big question over whether the online casino ban will be obeyed from January 1, 2020 onwards,” Hambach added. “If, for instance, other federal states are in favour of online casino regulation, they are unlikely to enforce the ban.”Hambach said that with varied stances on gambling regulation across a number of states, the 2021 overhaul could give states the choice to opt in or out of a more liberal framework.“I think it’s is likely that after 2021 you will see a fully regulated market, so this one step in the right direction, and there are already a lot of discussions between states, but I think these talks are very fruitful. If you look back two or three years, there haves never really been serious discussions about major reforms [to gambling regulation],” he continued. “This is the first time that it feels like a major step forward has been taken.”Hans-Jörn Arp, parliamentary leader of the Christian Democratic Union in Schleswig-Holstein and one of the State Treaty’s most vocal opponents, described today’s agreement as a “breakthrough”.“Today’s decision of the Minister President Conference to present the foundations for follow-up regulations to the State Treaty on Gambling, means we have finally achieved a breakthrough after ten years, and gained recognition from the other federal states,” Arp said.“For Schleswig-Holstein, this is a great success, after the state had long met with resistance to its  forward-looking solution in the field of gambling,” he said. “Now the other federal states are pulling in the same direction, after they were finally convinced that the Schleswig-Holstein model is expedient.”Arp said this had been aided by a cross-party consensus in the Schleswig-Holstein state parliament.He said the decision was not only good news for those who play online, who would be better protected when gambling, but also for professional sports clubs, which could be supported by additional investment generated through gambling taxes.However German operator association the Deutscher Sportwettenverband took a less positive approach, with president Mathias Dahms describing the Treaty’s ratification as an insufficient first step towards regulating the country’s sports betting market.“The third amendment to the State Treaty on Gaming is only a temporary measure for the short transitional period until 2021,” Dahms said. “It does not solve the structural deficits of the State Treaty, but gives the countries time to continue negotiating the urgently needed modernisation of German gambling law.”Dahms said that even as a short-term measure the restrictions imposed under the State Treaty would prompt bettors to flock to illegal sites.“In Germany there is a strong sports betting market,” he explained. “Customers have clear expectations of their sports betting product.“If states completely ignore social realities and customer demand, they run the risk of failing again with their regulation. Unattractive conditions threaten to marginalise the licensed offerings in Germany compared to the black market.”Dahms said that a thorough and transparent process to develop new regulations was vital, one that involved industry stakeholders, sports clubs, as well as medical professionals, noting that the last public hearing had taken place in May 2010.“Since then, the Treaty has only been developed behind closed doors,” he said. “We and many other associations are therefore offering states the opportunity to contribute our decades of expertise in a cooperative and constructive manner in order to develop successful German gambling regulations.”The German association of slot machine manufacturers Deutsche Automatenwirtschaft also urged states to use the time before the expiry of the Treaty in 2021 to develop new regulations.“The consensus that has been reached is a first step. However, the main goal, namely the much-needed, coherent regulation of all forms of gambling, is still pending,” Deutsche Automatenwirtschaft chief executive Georg Stecker said.Stecker said that only an attractive legal offering would succeed in drawing players away from a “rampant” black market.“Only when all forms of gambling, including commercial slot machines, are regulated according to quality standards, can the black market be contained, consumers sustainably protected and legal businesses strengthened.” The Minister-Presidents of Germany’s 16 federal states have ratified the third incarnation of the State Treaty on Gambling, paving the way for operators to apply for sports betting licences in the market, while Schleswig-Holstein will be allowed to run its own, liberal regulatory regime. The new Treaty will effectively act as a stopgap measure, with the states agreeing to completely overhaul regulations for 2021. Subscribe to the iGaming newsletter Legal & compliance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Germany ratifies Third State Treaty on Gambling Regions: Europe Central and Eastern Europe Germany 21st March 2019 | By contenteditor Email Addresslast_img read more

Gambling.com Group targets US following Q1 revenue growth

first_img22nd May 2019 | By contenteditor Casino & games Regions: Europe UK & Ireland US Nordics Southern Europe Sweden Italy New Jersey Pennsylvania Email Address Gambling.com Group targets US following Q1 revenue growth Topics: Casino & games Finance Marketing & affiliates Sports betting Strategy DFS Tags: Fantasy Sports Mobile Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Gambling.com Group has reported a 52% year-on-year increase in revenue for the first quarter of 2019, with the affiliate marketing giant to invest in the development of products for the US market in the year ahead. Gambling.com Group has reported a 52% year-on-year increase in revenue for the first quarter of 2019, with the affiliate marketing giant to invest in the development of products for the US market in the year ahead.Total revenue for the three months to March 31, 2019 grew to a record €5.2m ($5.9m), with organic growth accounting for around 50% of this total, or 98% of the year-on-year increase.The vast majority (83%) of this sum came from locally regulated markets, Gambling.com Group noted, with new depositing customer (NDC) numbers up 66% to 26,525.This growth came despite the affiliate admitting that it had been hit by the introduction of new gambling regulations in Sweden, its second largest market after the UK, from January 1, 2019. Gambling.com said regulation had provided long-term legal certainty in the market, and NDC production remained strong in Q1.However, it noted, NDC values had decreased and Swedish revenue had fluctuated as its operator partners familiarised themselves with the new regulatory framework. Despite this, it said that it expects the market to stabilize and grow in coming quarters.Read the full story on iGB North America.last_img read more

Caveman Bob by Relax Gaming

first_img Companies: Relax Gaming Topics: Casino & games Slots AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter You can download the First Look Games affiliate pack for this game here! 28th May 2019 | By Aaron Noy Casino & games Caveman Bob is the latest three-world adventure from Relax Gaming where cavemen and mammoths roam the Earth. This 5×3 video slot offers varied volatility and features. Trigger Bob’s Wheel of the fortune, Hand of Bob or Mammoth Re-spins for wins of up to 500x bet. Caveman Bob is the latest three-world adventure from Relax Gaming where cavemen and mammoths roam the Earth. This 5×3 video slot offers varied volatility and features. Trigger Bob’s Wheel of the fortune, Hand of Bob or Mammoth Re-spins for wins of up to 500x bet. Caveman Bob by Relax Gaming Subscribe to the iGaming newsletter Email Addresslast_img read more

Losses widen at Scout despite Q1 revenue growth

first_img Tags: Fantasy Sports Mobile Online Gambling OTB and Betting Shops Total operating revenue for the three months through to March 31, 2019 was up significantly on SEK1.5m in the same period last year. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 31st May 2019 | By contenteditor “As markets mature, new products are being demanded and we quickly get on the radar as an attractive alternative for companies wanting a broader sports offering,” Ternström said. Casino & games Fantasy sports provider Scout Gaming Group has reported increased losses in the first quarter of the year, despite operating revenue more than doubling to SEK3.5m (£290,992/€328,368/$366,196). Subscribe to the iGaming newsletter “Furthermore, we are actively working with launching additional fantasy sports related games to increase player volumes.”Revenue from clients’ end users, or sales, accounted for €1.9m of the total, with a further €1.6m coming from Scout’s B2C brand, Fanteam. Losses widen at Scout despite Q1 revenue growth Email Address Regions: Asia Europe LATAM India Southern Europe Western Europe Malta France Mexico Fantasy sports provider Scout Gaming Group has reported increased losses in the first quarter of the year, despite revenue more than doubling to SEK3.5m. Despite this increased loss, CEO Ternström said he was pleased with the performance, noting that the business was successfully diversifying into a range of new markets. As a result, Scout’s operating loss widened from SEK8.9m in the first quarter of 2018 to SEK17.0m this year. Loss before tax jumped from SEK9.1m to SEK16.12m, with the operator benefitting from financial income of €859,000.After tax of €22,000, Scout ended the quarter with a loss of SEK16.10m, compared to SEK9.1m in the prior year. This revenue increase was accompanied by growth in costs, with total quarterly spend at SEK20.5m, almost double SEK10.4m incurred in the same period last year. This rise was primarily down to higher personnel expenses, which jumped from SEK6.1m to SEK11.5m, while other external costs increased from SEK3.2m to SEK6.7m. Topics: Casino & games Finance Sports betting Social gaming DFS “As the fantasy vertical outside the US still is at an early stage, the typical customer development is strong growth from a small base, with a sharp growth gradually increasing,” he said. “During the quarter, we have continued to roll out our products in new markets and are now live, albeit small-scale, in both North and South America, Asia and Europe.”Since the end of the first quarter, Scout has launched its new Fantasy Match-up game, a form of head-to-head fantasy contests. As the game is partially odds-based, Scout has applied for a sports betting licence in Malta. Scout saw increases in activity among existing customers, as well as the launch of new customers, and this had a direct impact on income.During the quarter it signed new agreements with Mexican casino operator Logrand Entertainment, which launched a fantasy offering via its Strendus brand, and India’s Scoring11, its second customer in the country. An agreement was also signed to deliver Scout’s platform to Brazilian operator Jogaja.“Our strategy has been to increase the number of large customers and as a consequence, increase the liquidity of the network to make an even more attractive product,” chief executive Andreas Ternström (pictured) said. “We have also accelerated the process of signing distribution agreements with larger distributors, to expand the network. The post-quarter end has also seen Scout strike a partnership with La Francaise des Jeux’s FDJ Gaming Solutions division, which will see its fantasy games rolled out as a retail solution. It has also struck distribution deals with platform providers Inplaynet and Ultraplay and Digitain.last_img read more

Grand Casino Baden in Swiss first with igaming launch

first_img Topics: Casino & games Legal & compliance Tech & innovation AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Grand Casino Baden has become the first gambling venue in Switzerland to roll out an online casino service. The venue’s Jackpots.ch website is being powered by platform provider Gamanza and features content from Evolution Gaming. Subscribe to the iGaming newsletter Regions: Europe Central and Eastern Europe Switzerland Grand Casino Baden has become the first gambling venue in Switzerland to roll out a licensed online casino service.Jackpots.ch is now live, allowing consumers in the country to access 50 different online games, including various slots titles and roulette.Last month, Grand Casino Baden agreed a deal for Evolution Gaming to supply live casino gaming content to Jackpots.ch, while the website is being powered by platform provider Gamanza.Grand Casino Baden has acquired a 50% stake in Gamanza as part of the deal, with the platform provider relocating its headquarters to Baden in Switzerland.“We have been working for around four years on the JackPots project and we are very pleased to be able to start the service,” Grand Casino Baden chief executive, Detlef Brose, said.“The investment in Gamanza AG allows us to exert direct influence on product development and to act flexibly in the market in the future.”Last month, Grand Casino Baden became one of four venues to be approved for an online gaming licence by the Swiss National Council, the Bundesrat. Casino Davos, Grand Casino Luzern and Casino Zürichsee have also secured permits to offer igaming services in the country.Some 73% of Swiss voters approved a proposal to regulate online gaming in a national referendum on the new Gambling Act last June. This followed a debate over a controversial measure to grant authorities the power to have internet service providers block access to unlicensed sites.Legislation came into effect in January of this year, with authorities to begin blocking unlicensed sites this month.Swiss gambling regulator Eidgenössische Spielbankenkommission (ESBK) last week reported a 3.4% year-on-year increase in revenue from the country’s land-based casinos in 2018, driven largely by the slot vertical.Revenue rose to CHF703.6m (£566.4m/€631.4m/$708.4m), from the country’s eight A licensed casinos – larger venues in urban areas – and 13 B-licensed sites in resort towns and smaller communities.Image: Voyager Email Address Casino & games 8th July 2019 | By contenteditor Tags: Online Gambling Grand Casino Baden in Swiss first with igaming launchlast_img read more

Hacksaw Gaming receives British licence

first_img Tags: Mobile Online Gambling Legal & compliance Hacksaw Gaming receives British licence Malta-based operator Hacksaw Gaming has received approval from the Gambling Commission to launch in Great Britain.“This is a huge step for us as a company, the Gambling Commission is known to have strict regulations to comply with so having the licence granted to us represents a significant milestone,” Marcus Cordes, chief operating officer at Hacksaw Gaming said.“In just under a year we have managed to secure both MGA and British licences and this is just the start.“Our sales team will now be focusing on branching out to UK based customers and gaining as much exposure as possible to reach as many players across the country.”Founded in September 2018, Hacksaw currently offers 27 mobile scratchcard products and on 19 September, launched its first slots game, titled “Stick ‘em” to all of its partners after a two-week exclusivity period with LeoVegas. 2nd October 2019 | By Daniel O’Boyle Email Address Regions: UK & Ireland AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Malta-based operator Hacksaw Gaming has received approval from the Gambling Commission to launch in Great Britain. Subscribe to the iGaming newsletter Topics: Legal & compliancelast_img read more

FDJ acquires payment solutions provider Bimedia

first_img French gaming operator La Française des Jeux (FDJ) has agreed a deal to acquire payment service provider Bimedia from private equity and venture capital firm Idinvest Partners.The deal, which gives Bimedia an enterprise value of under €50m (£42.8m/$55.1m), will be financed using the lottery giant’s cash reserves.The business was founded in France in 2002, and has since established itself as a key provider of payments, money transfer and advertising solutions to retailers throughout the country.Its point-of-sale collection and payment software solutions are currently used in more than 6,400 outlets across France, of which 90% are tobacconists and newsagents.FDJ said that the acquisition would allow it to accelerate the development of its payment and services business, a key element of its 2025 growth plan. A key element of this plan, announced in July this year, is to enhance the range of value-added products and services it can offer its retail network, alongside a commitment to growing its international B2B arm, FDJ Gaming Solutions.This has already seen FDJ acquire betting technology and trading specialist Sporting Group, comprising the Sporting Solutions B2B business and B2C spread betting operating Sporting Index, for an undisclosed sum.Announcement of the deal follows the completion of FDJ’s initial public offering last week, which saw the French state reduce its stake in the business to 27.85%. This may be reduced further, should investors snap up an additional tranche of shares made available as part of an over-allotment option.The state could generate up to €1.89bn through the offering. Lottery Regions: Europe Western Europe France Subscribe to the iGaming newsletter 26th November 2019 | By contenteditor French gaming operator La Française des Jeux (FDJ) has agreed a deal to acquire payment service provider Bimedia from private equity and venture capital firm Idinvest Partners. Topics: Lottery Sports betting Strategy Tech & innovation FDJ acquires payment solutions provider Bimedia Tags: OTB and Betting Shops AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

OK Governor signs Class III compacts with two tribal casinos

first_img Subscribe to the iGaming newsletter Regions: US Oklahoma Oklahoma Governor Kevin Stitt has signed new gaming compacts with the Otoe-Missouria Tribe and the Comanche Nation to allow the tribes to offer Class III games, including sports betting. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 22nd April 2020 | By Daniel O’Boyle Oklahoma Governor Kevin Stitt has signed new gaming compacts with the Otoe-Missouria Tribe and the Comanche Nation to allow the tribes to offer Class III games, including sports betting.However, the state’s tribal gaming association argued that the agreement was based on an erroneous claim of “unilateral state authority”, and would therefore exacerbate an ongoing dispute between the tribes and Stitt.The compacts last 15 years each and must be ratified by the US Department of the Interior before they may come into effect.“This is a historic day for the State of Oklahoma and for our tribal partners who are here with me today,” Stitt said.Read more on iGB North America. Tags: Card Rooms and Poker Slot Machines Casino & games Email Address OK Governor signs Class III compacts with two tribal casinos Topics: Casino & games Sports betting Poker Slots Tribal gaminglast_img read more

Danish regulator issues warning over illegal bingo games

first_img Tags: Online Gambling Topics: Casino & games Legal & compliance Bingo The Danish Gambling Authority (Spillemyndigheden) has warned consumers to ensure they are gambling with licensed operators after noting a rise in unlicensed bingo games being offered either online or in physical venues. Bingo AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Danish regulator issues warning over illegal bingo games Email Address 1st May 2020 | By contenteditor Regions: Europe Nordics Denmark The Danish Gambling Authority (Spillemyndigheden) has warned consumers to ensure they are gambling with licensed operators after noting a rise in unlicensed bingo games being offered both online or in physical venues.Over the past month, the regulator said private games were being organised via the internet, or as drive-in bingo, where the participants sit in their cars to play.Spillemyndigheden said that these events were generally being held because the organisers were unable to hold otherwise planned events, due to social distancing measures imposed as a result of novel coronavirus (Covid-19), or because they wished to create a sense of unity amid the crisis. However, many had failed to secure approval from the regulator for the games.“We certainly understand that at this particular time, there is a great desire to unite people through enjoyable entertainment such as bingo games, which is a game that can easily be adapted to the current requirements to keep distance,” Spillemyndigheden director Morten Niels Jakobsen said.“However, when holding bingo games where a deposit is required in order to participate and you can win a prize, it is covered by the Act on Gambling’s licence requirements. In such cases, this means that it is illegal to offer online and drive-in bingo without a licence from Spillemyndigheden.”While special rules apply to associations and organisations that hold charitable lottery or bingo games, with the money consumers pay to take part going to charitable purposes, organisers must secure a licence from Spillemyndigheden before they can be offered.Linda Lomborg, head of responsible gambling and charitable lotteries at Spillemyndigheden, said if consumers are concerned about a bingo game, they can contact the regulator to see if the operator holds the relevant licence.“Our employees are ready to guide the organisers to ensure that bingo and lotteries comply with the existing rules,” Lomborg said.The warning comes after it was revealed this week that Danish courts blocked access to 16 illegal gambling websites following requests from Spillemyndigheden.A District Court ruled in favour of the regulator in March after it requested action be taken to block 17 unlicensed gambling sites. One of these 17 sites pulled out of the market before the court’s decision was announced.last_img read more