Dutch Revenue Service Raids Arcade Halls
The criminal division of the Dutch Revenue Service (FIOD) raided two arcade halls in the towns of Castricum and Heeze. The operator of the two arcade halls, Game Palace, is suspected of having installed special software to illegally divert players’ winnings to the operator instead.
Similar software was reportedly discovered in Germany and Austria last year.
Because of the suspected manipulation, the Dutch revenue service may have missed out on €650,000 in gaming taxes.
VAN, the Dutch association of land-based casino operators, condemned the alleged fraud and stressed that the suspected operator is not a member of the organization.
JVH Gaming Interested in Acquiring Parts of Holland Casino
JVH Gaming, owner of Jack’s Casino arcade hall chain, is interested in acquiring “parts of Holland Casino,” the company’s CEO Eric Olders told Dutch business daily Het Financieele Dagblad.
Meanwhile, JVH Gaming’s owner, private equity investor Waterland, is reportedly looking to sell the arcade hall operator, potentially – once the Dutch online market opens – to an international online casino operator.
Olders further confirmed that JVH Gaming is ready to launch an online brand as soon as online gaming is legalized in the country.
Shares Tumble as Paddy Power Betfair CEO Steps Down
Paddy Power Betfair CEO Breon Corcoran, who oversaw the merger between the company two constituent firms, is stepping down, the company announced on Monday.
PPB shares immediately took a 7% nosedive.
Peter Jackson, who had been recently appointed chief executive of global payments group WorldPay, has already agreed to take over Corcoran’s seat.
In related news, PPB is plotting the launch of a casino-only brand in order to address falling revenues in that market segment.
Betsson Launches PR Offensive to Hasten Dutch Gambling Reform
Malta-headquartered online gaming operator Betsson has launched a new Dutch-language website www.eerlijke-kans.nl specifically dedicated to pointing out that current Dutch gambling legislation is – according to the operator – in direct violation of EU law.
Dutch business daily Het Financieele Dagblad also published an op-ed by Betsson’s CEO Ulrik Bengtsson in which Bengtsson reiterated his company’s earlier promise to appeal to the European Commission to start an infringement procedure against the Netherlands. “We have complete faith that the European Commission will take appropriate action,” Bengtsson wrote.
In 2014, Betsson acquired the Netherlands-facing online operators Oranje Casino and Kroon Casino for ca. €130m.
In contrast to Bengtsson, Kindred’s CEO Henrik Tjärnström remains hopeful that online gaming liberalization in the Netherlands is still on track for 2019.
Financial ties between arcade hall operators and (semi-legal) cannabis-selling establishments are common in the Netherlands.
Holland Casino Rotterdam welcomed its 22 millionth visitor on Sunday.
Kindred and Malta’s Foundation for Social Welfare Services (FSWS) are organizing a responsible gaming conference on 20 September at the Intercontinental Hotel St Juliens, Malta. Speakers include Professor Mark Griffiths, Dr. Jonathan Parke, Liz Karter, John Hartson, and many more.
Eurocoin Gaming is organizing two invitation-only open days on 14 and 15 September.
The International Masters of Gaming Law (IMGL) fall 2017 gaming conference will be held in Copenhagen, Denmark, on September 10–12 at the Copenhagen Marriott Hotel. Check out the conference schedule here.
Belgian punters wager €85m annually on virtual sports matches.
The Belgian Gambling Commission argues that a prohibition on large cash payments in casinos is counterproductive.
Live dealer online casino provider Evolution Gaming nearly doubled its profits in the second quarter of 2017 as mobile devices claimed more than half of revenue for the first time.
A new study finds that 20% of interviewed athletes were aware of a fixed game involving their team over the past twelve months, while almost 15% of athletes also reported that they were approached to help fix a match within the last twelve months.
Following earlier shareholder approval, Amaya, the parent company of PokerStars, has rebranded as The Stars Group.
DFS operator FanDuel pulls out of the UK after only one year.
The Czech Republic is set to introduce a series of consumer protection laws to its revamped gambling regulations. The new guidelines require operators to set maximum limits for players on an hourly basis.
Portugal’s regulated online gambling market suffered its first revenue decline in Q2 as new online customer registrations slowed dramatically.
A Trump-owned company applies for a casino trademark in Macau ahead of the expiration of the region’s current gaming licenses.