Thursday 31 March 2011 8:25 pm Tags: NULL More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com KEN CLARKE, the justice secretary, yesterday said he had awarded contracts to run two prisons to security services firm G4S and had given one prison contract to outsourcing group Serco.The Ministry of Justice gave no value for the deals, but said the outsourcing of the management of the three prisons would save £216m over the lifetime of the contracts.G4S will manage the currently state-run Birmingham prison and the new Featherstone 2 prison, under construction in Wolverhampton.Serco will continue running Doncaster prison in northeast England, where its management contract was due to expire.The contracts for Birmingham and Doncaster will run from October, while the Featherstone contract will begin in April 2012.The companies had been bidding for management contracts for five prisons under a process announced in 2009.One of the prisons, Wellingborough, was removed from the competition as it needed extra financial investment. The other, Buckley Hall near Manchester, will continue to be run by Britain’s HM Prison Service, the Ministry of Justice said. whatsapp Government awards prison contracts to G4S and Serco whatsapp Show Comments ▼ Share KCS-content
Legal & compliance Subscribe to the iGaming newsletter 26th July 2018 | By contenteditor Topics: Legal & compliance Tribunal rules that VAT collection on FOBTs was unlawful, providing a timely boost to bookmakers Betfred has secured a legal victory over HM Revenue & Customs in the UK that could lead to bookmakers in the country benefiting from a £1bn (€1.1bn/$1.3bn) tax rebate.A tribunal ruled that the collection of VAT on fixed-odds betting terminals (FOBTs) from 2005 to 2013 “breached the principle of fiscal neutrality”, because similar games online and in casinos were exempt from the tax. The £1bn figure was based on the rate of VAT paid on combined income from FOBTs over the period.According to reports, Betfred is likely to reclaim approximately £100m as part of the rebate, which will affect several bookmakers.HMRC did not say whether it would launch an appeal but added that it would give the judgement “careful consideration”.It was announced in May that the government would accept Gambling Commission recommendations for a new £2 stake limit for FOBTs, down from the current £100. Bookmakers claimed the decision would lead to 4,000 shop closures and 21,000 job losses. Some bookmakers – like Betfred – would appear to be more vulnerable to the changes than others. Some 83% of Betfred’s earnings was generated by its retail shops, where FOBTs are situated, according to analysts.However, lobbyists and politicians have criticised a delay in the reform of FOBT rules, with the new regulations unlikely to be implemented until 2019 due to the need for parliamentary approval for the introduction of a new statutory instrument.Despite reports that the changes would take bookmakers a maximum of eight weeks to introduce, a later transition date has reportedly been agreed by the UK’s Treasury.Earlier this month, council chiefs claimed that an extra £3.6bn could be wagered on FOBTs over the next two years if there is a delay in the implementation of a maximum stake reduction.Last month, Betfred reported an annual operating loss of £13.4m despite a 17% increase in turnover to £12.7bn.Picture credit: Andrewx Regions: UK & Ireland Betfred secures FOBT tax victory AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: OTB and Betting Shops Email Address
Subscribe to the iGaming newsletter Topics: Strategy AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 2nd October 2018 | By contenteditor Clive Hawkswood, chief executive of the Remote Gambling Association (RGA), has told iGamingBusiness.com that the organisation could expand its remit to include other forms of gambling, but played down talk of “formal” mergers with other industry bodies. Various reports have linked the RGA to a merger with the Association of British Bookmaker (ABB), a trade organisation for betting shops operators in the UK, as well as other gambling related bodies. Although Hawkswood would neither confirm nor deny that talks are ongoing with the ABB and other industry bodies, he did tell iGamingBusiness.com that the RGA could expand its focus to coincide with changes at the UK Gambling Commission. The Commission has made no secret of its intention to clamp down on a number of key problems in the industry, including protecting children, cutting gambling-related harm and keeping betting fair. In recent months, the regulator has made a series of announcements in relation to these efforts, with the RGA having stated its support. Speaking to iGamingBusiness.com about the merger reports, Hawkswood said: “We do undertake periodic reviews and our working relationships with other sectors always form a part of that. “This is more important than ever in Britain where the Gambling Commission is already moving away from a sector-specific approach to regulation, but it is too early to say what changes might flow from this review. “However, it is fair to say that we are actively considering whether to expand the RGA’s remit to include other forms of gambling. “This in part reflects the fact that many of our members are multi-sector operators and we are seeing an increasing number of issues that would be better to address on a cross-sector basis if we can. “It is probably unlikely that there will be formal mergers with any other trade groups, but at this stage all options are open.” Hawkswood, who last week confirmed that he is to step down as CEO of the RGA, also said work is ongoing to determine the body’s focus moving forward. He said: “Issues such as governance, membership structure and branding will all be considered in the coming months, but there is still a long way to go before anything substantive might be finalised.”Peter Craske, PR manager for the ABB, also spoke to iGamingBusiness.com about the reports, saying that the body is also working on its future strategy but it is currently “too early to speculate”.Craske said: “The ABB, like the RGA, are reviewing our working relationships with other parts of the industry to ensure that we meet the needs of our members in a changing regulatory environment, however it is too early to speculate on what will come from this review.” Strategy RGA chief says formal ABB merger ‘unlikely’ Tags: Mobile Online Gambling Organisation has been linked to joining with other industry groups Regions: UK & Ireland Email Address
Regions: Europe Southern Europe Italy Email Address Subscribe to the iGaming newsletter Tags: Mobile Online Gambling OTB and Betting Shops Italy’s advertising and communications regulator Autorità per le Garanzie nelle Comunicazioni (AGCOM) has finally set out exactly how it plans to enforce the country’s ban on gambling advertising.AGCOM’s guidance on the so called Dignity Decree, which was approved by Italy’s Council of Ministers in July 2018, confirms that direct and indirect advertising, sponsorship or promotional communications will all be banned.Alongside traditional forms of advertising, commercial communications such as product placement, the distribution of branded items (including competitions with branded products as prizes), advertorials and influencer marketing are all banned.This, it says, aims to reduce rates of gambling addiction and ramp up player protection efforts, especially for vulnerable groups such as problem gamblers, minors and the elderly.However, AGCOM has provided certain ways in which operators can communicate with customers. For example, informative communications are not considered to fall within the scope of the decree.This means information such as sporting odds, jackpots, odds of winning a game, bonuses available and minimum bet sizes can all be communicated to the public via Italian media sites.As expected, retail operators will be allowed to display their branding on signage and shop fronts, as well as products, on offer in-store, provided this does not include inducements to gamble.There will be exceptions for B2B commercial communications, including those circulated in specialist trade magazines, as well as corporate social responsibility communications. This means operators can run campaigns around responsible gambling or providing information about legal gambling products, provided they do not include branding or logos.Campaigns promoting social or charitable projects backed by an operator will also be allowed, again provided the logo does not appear.However, efforts will be taken to limit how much operators appear on internet searches on gambling. Only when a player makes a search specifically relating to gambling should an operator’s site appear in the results, AGCOM says, with licensees not permitted to pay to boost their search rankings.While the advertising ban came into effect from January 1, 2019, the prohibition on sports sponsorship, which includes operator branding appearing on strips and advertising hoarding, does not come into force until July 14. This has been designed to allow deals already agreed to come to a conclusion.The ban came into force alongside a series of tax hikes for the industry, which see online casino and bingo operators taxed at 25% of gross gaming revenue, and online sports betting taxed at 24% of GGR. Land-based sports betting operators now pay a 22% gross revenue, while tax on virtual sports (22%), video lottery terminals (6.75%) and amusement with prizes (18.85%) were also increased.The country’s gambling sector posted year-on-year declines in revenue over the past two months, with revenue for March down 3.7% to an estimated €140.2m (£121.2m/$156.4m) following declines in online and land-based sports betting. Casino & games Topics: Casino & games Legal & compliance Lottery Marketing & affiliates Sports betting 29th April 2019 | By contenteditor Italy’s AGCOM sets out scope of gambling advertising ban AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Italy’s advertising and communications regulator Autorità per le Garanzie nelle Comunicazioni (AGCOM) has finally set out exactly how it plans to enforce the country’s ban on gambling advertising. The watchdog will permit information about odds or jackpots to be reported by Italian media, while land-based operators will be allowed to display branding in shop windows.
Mobile games developer Gaming Realms has finalised the sale of its Bear Group B2C subsidiary to River iGaming.The deal, first announced in February, is worth a total consideration of £11.5m (€12.7m/$14.3m). Gaming Realms has received a cash sum of £7.35m, with a deferred consideration of £1.5m due by December 31, 2020, while River has assumed £2.65m of liabilities associated with Bear Group.Gaming Realms plans to use part of the funds generated via the sale to repay its Barclays Bank overdraft facility, certain creditors and costs relating to the deal, which together total £3.1m, with the remaining £4.25m going towards game development and licensing.The deal also sees Gaming Realms grant River iGaming’s River Technologies subsidiary a sole perpetual licence to its real-money gaming platform, as well as sell its 30% residual stake in River UK Casino.The sale finalises Gaming Realms’ exit from the UK real money B2C market as a direct supplier, while the transaction will reduce headcount by 50 people and lead to a reduction in costs and overheads. The developer also said it will allow it to focus on its expanding and higher margin game development and licensing segment.“The completion of the transaction marks a major step change for the business and the ability to now focus on creating new gaming content and licensing, which is delivering much higher margin,” Gaming Realms chief executive, Patrick Southon, said.“With a number of new licensing agreements in the pipeline and a much stronger balance sheet, the company looks forward to updating the market on further progress in due course.”Last June, River UK Casino agreed to purchase certain real-money gaming brands from Gaming Realms, including Pocket Fruity, Spin Genie, Britain’s Got Talent Games and X Factor Games. After this transaction, River iGaming held a 70% stake in River UK Casino, with Gaming Realms retaining a 30% share.However, at the time of February’s acquisition announcement, Gaming Realms said it did not believe River UK Casino would meet its EBIT target of £2.2m for the 12 months to June 30, 2019, in order for it to gain further deferred consideration in connection with the River UK Casino acquisition deal.Gaming Realms will retain the Slingo brand and Slingo.com domain, but both will enter a white label agreement with River iGaming upon completion of the deal to enable Slingo to continue to operate on the Bear Group gaming platform.Last month, Gaming Realms cited its decision to sell various affiliate marketing and B2C real-money gaming assets as the main reason behind a jump in profit in 2018. Profit for the year stood at £929,305, compared to a loss of £8.2m last year, but revenue was down from £7.6m to £6.2m. Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Mobile Online Gambling Mobile games developer Gaming Realms has finalised the sale of its Bear Group B2C subsidiary to River iGaming. The deal, first announced in February, is worth a total consideration of £11.5m (€12.7m/$14.3m). Subscribe to the iGaming newsletter Finance Gaming Realms completes sale of B2C subsidiary 17th July 2019 | By contenteditor Topics: Finance Strategy
AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter William Hill Marathonbet Sky Bet bet365 EnergyBetSome more familiar names feature on this list, with William Hill offering the highest number of markets on the games we researched. On average, William Hill offered 136 markets on each of the Champions League games we looked at.Marathonbet was slightly behind, offering an average of 133 markets. Sky Bet had 130 markets available, with bet365 coming in fourth place with 128.EnergyBet might be another surprising addition to our lists, but we were impressed by the number of markets available here. On average, EnergyBet offered 126 markets on our selected CL matches.All of the above bookmakers offered odds on the particular markets we analysed, which were match result, total goals over/under 2.5, European handicap, both teams to score and draw no bet.Best Champions League odds There is often little difference in the odds available between bookmakers. However, small differences can be the determining factor for serious punters.With this in mind, we considered the odds available from the above bookmakers to come up with a list of the most competitive bookmakers in terms of the odds on offer. Incorporated into this part of our research was the average commission charged by each operator.We’ve separated odds and commission rates for each market we analysed, with our results listed below. The operators are listed in terms of the points scored for the best odds, with the commission percentage taken also listed.Market: 1X2Market: over/under 2.5Market: European handicapMarket: both teams to scoreMarket: draw no betWe also took into account in our overall ranking the promotions that bookmakers offered on our Champions League games. Those that offered promotions are listed below: Manchester City versus Atalanta Tottenham Hotspur versus Red Star Belgrade Ajax versus Chelsea Genk versus LiverpoolOur research was conducted between 18 October and 23 October.The table below displays all of the bookmakers we gathered our results from.Best bookmakers for Champions League betting: our overall top five We’re going to delve into more detail about the specific aspects we looked at shortly. Overall, however, our best bookmakers for Champions League betting were as follows: Leading tipster site Betting Expert compares bookmakers’ Champions League offerings, analysing their odds, markets, commission levels and promotions to determine the best in the UK Marathonbet Unibet 888sport Premier Punt NetBet Leading tipster site Betting Expert compares bookmakers’ Champions League offerings, analysing their odds, markets, commission levels and promotions to determine the best in the UK.For this month’s bookmaker comparison, we’ve researched and analysed the Champions League odds and markets available from the UK’s top bookmakers.The aim of our research was to determine which bookies offer the best Champions League betting experience.To do this, we analysed the odds and markets that were available for the following matches: Marketing & affiliates Best bookmakers for Champions League betting bet365 BetVictor Betfair Coral Paddy Power Betway Unibet 888sport Boylesports William Hill Sky Bet Genting Bet 10betWe also expect many more promotions to be made available as the Champions League progresses.Conclusion Our research into the best bookmakers for Champions League betting has thrown up some interesting results. Our overall top five list is indicative of the UK online betting scene at the moment – while the biggest bookmakers offer a much bigger range of promotions, better odds and more extensive markets are often found at some of the less well-known operators.About bettingexpert.com Providing expert tips and in depth betting theory, bettingexpert.com is the world’s biggest social network of sports betting tipsters. Its global community of experts compete for prizes by sharing their strongest tips on upcoming matches across 25 different sports to help millions of sports bettors place knowledge-supported bets, with the best odds available from a variety of bookmakers. Betting Expert is owned by Better Collective, the leading developer of educational platforms within the igaming industry. The lack of ‘big’ names in our overall top five makes for some interesting reading. Our findings show that some of the lesser known operators are making a serious effort to compete with some of the UK’s larger brands.Where did these bookmakers excel? Let’s start by discussing the bookmakers which finished at the top of our research, Marathonbet and Unibet.Marathonbet, in particular, scored highly in terms of the average number of markets available (133) on each game studied, along with the competitive odds offered on 1×2, European handicap and both teams to score in our selected matches.Unibets’ odds were also competitive in many of the areas we looked at, particularly for the markets of over/under 2.5 and draw no bet.In addition, both bookmakers scored well in terms of the average commission taken, however, Marathonbet outperformed Unibet, with an average of 1.6% less commission taken on selected games.Marathonbet was let down by a lack of Champions League betting promotions available on our selected games. This is an area where Unibet performed well, offering bonus options on these fixtures.In third place was 888sport. Champions League promotions were available here, along with a good range of markets. 888sport also scored highly in terms of its competitive odds on certain markets and the average commission taken.Premier Punt came in fourth. A relatively new bookmaker to the UK online betting scene, our research suggested that Premier Punt offers a good all-round CL betting experience. Though it featured rarely in our individual top five lists, overall its offerings placed it among our best bookmakers for Champions League betting.Finally, Netbet took fifth place. Netbet’s overall CL betting service impressed in a similar way to Premier Punt.Best Champions League market range While betting on the match result market remains extremely popular, there are many other markets of interest to punters. For this part of our research, we analysed which operators offered the most markets on our selected games. These were our top five in this category. Topics: Marketing & affiliates Sports betting Regions: UK & Ireland 6th November 2019 | By Joanne Christie Email Address
Finance Topics: Finance Sports betting Strategy Norwegian report proposes Norsk Tipping-Rikstoto merger Norwegian horse racing monopoly Norsk Rikstoto could potentially merge with Norsk Tipping to jointly run the country’s horse racing betting monopoly, according to a new report commissioned by the country’s government. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address 9th January 2020 | By contenteditor Subscribe to the iGaming newsletter Regions: Europe Nordics Norway Norwegian horse racing monopoly Norsk Rikstoto could potentially merge with Norsk Tipping to jointly run the country’s horse racing betting monopoly, according to a new report commissioned by the country’s government.Oslo Economics, under guidance from the government, forecasted how the market could perform after Norsk Rikstoto’s monopoly rights expire in 2021.In November, the Norwegian government said it would consider transferring the country’s horse racing betting monopoly from Norsk Rikstoto to Norsk Tipping, appointing Oslo Economics to study how the market could evolve if this was enacted.In terms of the projected impact on a potential transfer of the monopoly from Norsk Rikstoto to Norsk Tipping, Oslo Economics said that in order for the move to be successful for all parties, the two organisations would need to merge.“Based on our meetings with Norsk Rikstoto and Norsk Tipping, our assessment is that Norsk Rikstoto and equestrian sports are closely linked, and that the established competence in Rikstoto is important for continuing to operate horse racing successfully,” the report said.Oslo Economics went on to say it would be legally possible for Norsk Rikstoto and Norsk Tipping to merge, if the transfer of the monopoly were to take place. However, it also warned that a complete analysis of this potential merger should be carried out in order to consider all variables related to any potential agreement.“Neither Norwegian Rikstoto, Norsk Tipping, nor Oslo Economics have at this time in the process had information to be able to make such a complete description,” the report said. “For competitive reasons, the information that Norsk Tipping and Norsk Rikstoto can exchange is limited.”Oslo Economics also looked at how the market is likely to perform in the period to 2026, with net sales likely to decline year-on-year over the next six years. The report found while revenue for Norsk Rikstoto has remained relatively stable, the market hit a peak in 2012 and has fallen year-on-year ever since.Should this trend continue, Oslo Economics said the market is likely to continue to decline by 1.4% each year, which would equate to an overall drop of 7% in revenue between 2020 and 2026.However, Oslo Economics also made estimates when taking into account a new, proposed maximum loss limit by Norsk Rikstoto. Should this come into effect, the market decline would speed up compared to continuing with the status quo, with revenue falling 10% by 2026.In addition, Oslo Economics analysed the impact of a proposed maximum loss limit of NOK20,000 (£1,726/€2,027/$2,251) per month in 2020. This could result in total market revenue falling 27% by 2026.However, it also made clear that these estimates could be subject to changes in the market, and the forecasts could be higher or lower than the report stated.“Our forecast indicates that turnover of totals will fall,” Oslo Economics said in the report. “This is based on an overall assessment that available data sources at the time of the forecasting indicate that a fall in revenue is more likely than growth.”
Tags: Mobile Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Who are the Most Influential Women in igaming in 2020? 24th July 2020 | By Joanne Christie Subscribe to the iGaming newsletter Regions: Europe US Topics: Casino & games Lottery People Sports betting We’ve launched our third survey into the Most Influential Women in the industry and we want your nominations.To say 2020 has been a tough year would be something of an understatement. The novel coronavirus (Covid-19) took everyone by surprise and has dramatically disrupted work patterns worldwide.But its impact has been even more pronounced on women and has exacerbated existing inequalities, especially for those with children.The closure of schools and the lack of other childcare options have caused deep divisions within both workplaces and families, with women bearing the brunt of the fallout.A study of almost 5,000 parents in opposite-gender two-parent households carried out between 29 April and 15 May for the Institute for Fiscal Studies (IFS) in the UK shone a spotlight on the extra pressures faced by women due to the pandemic.The survey found that mothers were one-and-a-half times more likely than fathers to have lost their job or quit since the pandemic began.Of those who had continued working, on average mothers were combining paid work with other activities – largely childcare – during 47% of their work hours, compared with 30% for fathers.In a briefing note entitled, ‘How are mothers and fathers balancing work and family under lockdown?’ the IFS said there was a risk that, “the differences we find in how the work hours of fathers and mothers are being affected by this crisis will result in larger detrimental effects on the career progression and earnings prospects of mothers than of fathers”.It added: “Several of our findings suggest that there is a risk of reversing some of the progress made in narrowing the gender wage gap over recent decades.”In April the United Nations expressed a similar view, releasing a policy brief that said the pandemic was deepening pre-existing inequalities, warning that “the limited gains made in the past decades are at risk of being rolled back”.Third Most Influential Women survey All of this makes it even more important than ever that we celebrate those women who are having a significant influence on our industry.In 2018 iGB launched our Most Influential Women survey in recognition of the fact that the igaming industry, like many others, had a significant gender pay gap, with women under-represented at its highest levels. We wanted to redress the balance by acknowledging those women who were shaping our industry.After the first survey struck a chord, we continued for a second year last year, with nominees again whittled down to a top 10 by a panel of judges. The full list can be found in Part 1, Part 2 and Part 3 of our Most Influential Women features published in November.We’re now opening up nominations for our third survey, the results of which we will be running in our People edition at the end of the year.To nominate someone, simply fill in the survey here and tell us about their most notable achievements. Nominees must be either working within the igaming industry, or working in a position that has significantly influenced the igaming industry.Stuck for inspiration? For many of you, a potential nominee will immediately spring to mind. But for those of you unsure who to nominate, we thought we’d round up some of the women who’ve featured on iGB over the past year or so.For a start, a couple of women who featured in the list of five runners-up in last year’s survey have provided us with some insight on coping with the pandemic.GiG’s chief strategy officer Cristina Niculae provided her take on maintaining vision during the economic downturn, while Gambling.com Group’s director of people operations Ellen Monaghan provided her views on the post-pandemic workplace.There have also been a number of notable female appointments over the past year, including several at C level.At the beginning of the year software supplier GAN appointed Karen Flores as its new chief financial officer, while Japanese casino developer Ganapati named Juliet Adelstein as its new CEO.XLMedia brought in Sarah Clark as its chief transformation officer, while Push Gaming named Nicola Longmuir as its new chief commercial officer.At board level, Claire Milne took on the role of interim chairman at Playtech at the company’s AGM in May.On the regulation front, the Belgian Gaming Commission – known for taking a tough stance and banning loot boxes – appointed Magali Clavie as its new president.Across the border in France, Isabelle Falque-Pierrotin has recently taken on the task of heading up the country’s new gambling regulator, no easy task as its remit is much larger than that of its predecessor and there is now a much greater focus on social responsibility.Other notable industry moves included Lottoland’s B2B arm Alot Solutions appointing former Nektan chief legal officer Abigail Wahnon as its new head of legal and compliance and Grainne Hurst’s promotion to lead GVC’s corporate affairs, with a focus on RG efforts.Meanwhile, PMU named Céline Stierlé as its director of communications and DraftKings appointed Christine Thurmond as its new director of responsible gaming.Sweden’s Svenska Spel also made new senior hires, appointing Kajsa Nylander as its new sustainability manager and Petra Blixt as head of sales and marketing for igaming subsidiary Svenska Spel Sport & Casino.High achievers Of course, there are plenty of women who are noteworthy not for moving jobs, but for their recent achievements in their existing roles.Earlier this year we spoke with Gamstop CEO Fiona Palmer about her satisfaction at finally getting the UK’s self-exclusion scheme to the point of being compulsory for all operators.We also featured Henrietta Dunkley, a solicitor who made headlines last year when she successfully negotiated a settlement against a high street bookmaker worth £120,000.Kindred’s Maris Bonello, one of the pioneers of responsible gambling, also gave us a detailed account of how much the industry had moved on in this regard.On the regulation front, Camilla Rosenberg, director general of the Sweden’s gambling regulator Spelinspektionen, is never far from the news, nor is Anna van der Gaag, who as chief of the Advisory Board for Safer Gambling will certainly have a huge role to play in any reregulation in the UK.And while her views may seem extreme to those in the industry, there’s no doubt Gambling Related Harms All Party Parliamentary Group chair Carolyn Harris is also shaping the conversation when it comes to the future of UK gambling regulation.Meanwhile, Stateside Karen Lenoir is currently working on the ground-breaking task of handling licensing for the first mobile-only state of Tennessee.Also in the US, women are front and centre of the trend towards deals between content providers and gaming giants. Erika Nardini, CEO at Barstool, is a case in point with the deal struck between the online publisher and Penn National Gaming.Other women deserve recognition simply for pressing on with major strategic projects during the pandemic period. These include Casinos Austria chief executive Bettina Glatz-Kremsner, chairwoman and chief executive of FDJ Stéphane Pallez and Svenska Spel’s Anna Romboli, who heads up the lottery (Tur) business.The above suggestions are by no means exhaustive and it is likely there are plenty of other women who deserve to be nominated this year. If you have one in mind, get nominating.Image: Piqsels Casino & games We’ve launched our third survey into the Most Influential Women in the industry and we want your nominations Email Address
Tags: Online Gambling Finance Global Gaming cuts losses in first half 5th August 2020 | By contenteditor Online gambling operator Global Gaming was able to reduce its losses during the first half of 2020, despite seeing its revenue decline 55.9% year-on-year.The business also turned a small profit in the second quarter, which was hailed by chief executive Tobias Fagerlund as indicative of its strategy to restore the operator to financial health succeeding.Overall revenue for the six months through to 30 June amounted to SEK129.7m (£11.4m/€12.6m/$14.9m), down from SEK294.3m in the same period last year.Ninja Casino accounted for 81.9% of all revenue in the first half, though Global did not disclose exact figures, while the operator was also boosted by the launch with Boost Casino in certain markets during the latter part of the period.The operator said that its Nordics operations were the main source of income, generating a total of SEK96.6m in revenue in the six months, followed by the rest of Europe on SEK18.7m and SEK14.3m from B2B collaborations.Global is seemingly still feeling the impact of the Swedish Gaming Authority’s (Spelinspektionen) decision to revoke its subsidiary SafeEnt’s licences in June last year for commercial online gambling and betting. This was due to “serious deficiencies” in business practices, including failings related to responsible gambling and anti-money laundering measures, which forced Global from its largest market.In January, the operator was granted permission by the Administrative Court of Appeal in Jönköping to launch a new appeal against the decision.The business made a brief return to Sweden, through a white label agreement with Finnplay’s Viral Interactive subsidiary, that saw the Nano Casino brand launched in July 2019. However, after Viral ceased offering white label solutions in March this year, bringing an end to the deal, Global sold its former partner the rights to Nano Casino in July.Switching attention to costs, operating expenses in gaming activities fell 22.6% to SEK147.7m, while operating expenses were down 40.9% to SEK201.1m.Marketing expenses were down 36.1% to SEK116.9m, while personnel costs were cut by 44.3% to SEK53.1m. Other external expenses were 52.2% lower at SEK22.6m and depreciation costs were also down by 53.2% to SEK3.7m. However, despite spending less, the drop in revenue meant that Global posted an operating loss of SEK54.5m for the first half, though this was an improvement on SEK118.7m last year. An additional SEK100,000 in expenses meant pre-tax loss was SEK54.6m for the period.After receiving SEK1.3m in tax benefits, Global posted a net loss of SEK53.3m, again an improvement on a loss of SEK122.0m at the same point last year.“A year ago, we showed an ability to react quickly and forcefully in a very difficult situation,” Global chief executive Fagerlund (pictured) said. “We have step by step delivered what we set out to do and constantly adapted and adjusted our operational activities.“No part of the organisation has remained unchanged; we have changed the technical platform, restructured the management, downsized the organisation by nearly two thirds which led to our cost base being completely different compared before.“At the same time, in the midst of everything, we have very concentrated and successfully run our remaining business. Revenues from our current markets have grown by 26% during the first six months of the year compared with the first half of last year and by 35% when comparing the second quarters of the two years.”In terms of Global’s performance in the second quarter, the operator was able to post a net profit, despite revenue falling 45.7% to SEK71.8m. Operating costs in gaming during the three months to 30 June were down 51.9% to SEK30.3m, with operating expenses almost halved to SEK40.4m.This meant Global recorded an operating profit of SEK1.1m, compared to a loss of SEK11.1m last year. This was lowered to a pre-tax profit of SEK1.0m after other expenses, but as Global did not pay any tax in the quarter, this meant it posted SEK1.0m in net profit, up from a loss of SEK11.8m last year.“We have been faithful to the strategy we agreed on and it is not without pride that I now state that we have exceeded our first sub-goal of being break-even during the first half of 2020,” Fagerlund said.“Global Gaming is now ready to enter the next phase of the company’s history. In the coming month, we will launch a comprehensive sports betting offer in our existing markets and brands, and in the third quarter we will complete what we previously communicated about launching in several new markets.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Subscribe to the iGaming newsletter Online gambling operator Global Gaming was able to reduce its losses during the first half of 2020, despite seeing its revenue decline 55.9% year-on-year. Email Address
Email Address Regulation “The agreement reflects the social change. Online gambling enjoys great popularity worldwide. It is important for players to have access to secure offers from reputable providers. Therefore, the agreement makes an important contribution to player protection and the fight against the black market.” Minister Andreas Geisel approved the current draft of the Glücksspielneuregulierungstaatsvertrag (GlüNeuRStV) at Berlin Senate hearing yesterday (15 September). This could see Müller become one of the first state presidents to ratify the treaty. These players will be subject to enhanced due diligence checks, and will not be permitted to lose more than 20% of their deposits. However, it must now be presented to the city’s House of Representatives to be ratified by the Berlin parliament. The GlüNeuRStV must go through this process in each of Germany’s 16 states, and be signed by the head of state, and ratified by its parliament. Subscribe to the iGaming newsletter While a €1,000 spending limit will be applied across all players, a small number of users will be able to apply to have this cap raised to €10,000. An even smaller number – no more than 1% of an operator’s customers – will be able to have spending capped at €30,000. In total, 13 of the 16 states must approve the legislation for it to come into force as planned from 30 June, 2021. However, states will begin to implement the Treaty from 15 October this year, under a transitional regime in which operators will be permitted to offer online sports betting, poker and slots. The Minister of the Interior for the German capital Berlin has approved the federal regulatory framework for gambling, clearing the way for the city’s governing mayor Michael Müller to sign the legislation. “Not all the requirements are known yet. Therefore, we are seeking an exchange with the responsible authorities in order to obtain clarity about the technical and practical requirements and their implementation,” the operator’s chief regulatory officer Karin Klein said Topics: Legal & compliance Regulation Regions: Europe Germany AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The Minister of the Interior for the German capital Berlin has approved the federal regulatory framework for gambling, clearing the way for the city’s governing mayor Michael Müller to sign the legislation. In recent days news of the transition has been welcomed by operators and suppliers. As revealed last week, state Minister-Presidents have agreed to allow igaming businesses to continue operating in Germany, provided they adhere to the player protection and addition prevention measures set out in the GlüNeuRStV. Operators, which will be prohibited from offering table games during this period, must also apply the restrictions for online products set out in the regulations. This includes a €1 per spin cap on slot stakes, as well as restrictions on in-play wagering. Identity verification specialist IDNow, meanwhile, said it was looking to support local operators in enhancing their due diligence and customer identification processes during the transition period. 16th September 2020 | By Aaron Noy Berlin Interior Minister approves German State Treaty Tipico, which is expected to be a major player in the re-regulated market, described the move as a step in the right direction, but warned that further clarity was needed on certain elements so that it could comply in full.