Wellbet Deal “Excellent Fit” with PSV’s Broader Sponsorship Strategy
As we reported last week, Dutch top football side PSV Eindhoven signed a three-year sponsorship deal with Asian betting firm Wellbet. Koen van Haastert, sponsor manager at PSV, kindly commented on the deal, as well as PSV’s broader sponsorship strategy:
“The partnership between PSV and Wellbet is a regional sponsorship that focuses entirely on Asia. Wellbet may employ its relationship with PSV in several Asian countries, including Japan, Indonesia, and Thailand.
For Wellbet, it is strategically important to promote European football on its platforms. Its partnership with PSV fits well with this strategy. Wellbet, being an online operator, is obviously not active on the Dutch market. Hence, no PSV media channels will promote Wellbet’s services.
This partnership is also an excellent fit with PSV’s broader sponsorship strategy, which aims to develop a strong international presence. We focus mainly on the Asian and Latin American markets (especially Mexico); and in particular on brands that may benefit from a connection with PSV in order to promote their products and services in their local markets. Our agreement with Wellbet is exemplary of that strategy.”
Looking back at a successful Gaming in Spain 2017
A successful Gaming in Spain Conference “Opportunities in a Maturing Market” concluded on Friday in Madrid. Both visitors and speakers contributed greatly to an excellent atmosphere for fruitful discussions.
We also had some great networking moments, especially at the sunny roof patio. Don’t forget to check out the event photos!
We are already investigating whether we can make Gaming in Spain an annual event, in order to assist the Spanish online industry in forging a more unified identity – just as we have been doing with Gaming in Holland.
Finally, we would like to again thank our sponsors and partners – EGR Global, Jdigital, Asensi Abogados, Asensi Technologies, and, last but not least, NMi Gaming – without whose support this event could not have been organized.
German Court Finds Prohibition on Online Casino Games Compatible with EU Law
The Federal Administrative Court of Leipzig has ruled against two EU-based operators that Germany’s prohibition of online casino, scratchcard and poker games is both constitutional and compatible with EU law.
This ruling opens the door for the adoption of the revised, but still restrictive Interstate Treaty on Gambling, which regulates online sports betting, but leaves online casino games outside of its scope.
The court’s ruling also strongly increases the likelihood that industry calls for more liberal reforms will fall on deaf ears.
UK Government Proposes 12-Week Consultation to Determine Maximum FOBT Stakes
The UK government announced that, following a twelve-week consultation period, it will consider proposals for new maximum stakes of £2, £20, and £50 on fixed-odds betting terminals (FOBTs).
“We are consulting on regulatory changes to the maximum stake, looking at options between £50 and £2, in order to reduce the potential for large session losses and therefore to the potentially harmful impact on the player and their wider communities,” culture minister Tracey Crouch said.
The Association of British Bookmakers recently warned that if the government were to opt for the £2 option, this could lead to the loss of around 20,000 jobs across the industry.
In related news, the launch of the UK’s national online self-exclusion scheme (GAMSTOP) has been delayed until spring 2018 to allow operators more time for implementation.
The following upcoming events may be of interest to members of the GiH community.
- The Slot Academy, taught by renowned Slots expert Lucien Wijsman, is taking place 6-9 November in Leiden. Download the course agenda here.
- On 24 November, Malta’s largest iGaming conference SIGMA’17 will feature a session on regulatory developments in the Netherlands, moderated by GiH founder Willem van Oort. Conference registration is open. Gaming in Holland and Leaseweb invite SIGMA’17 attendees to join us for drinks on Thursday, 23 November 2017, starting at 7:30 pm. Places are limited, so please reserve your place today by registering here.
- Also taking place during SIGMA’17 is the KPMG eSummit Regulatory Conference, which will include an in-depth look at gaming in the Netherlands, as well as several breakout sessions.
- Registration for ICE 2018, which is to take place 6-8 February 2018 at ExCeL London, is live. As always, there will be a Gaming in Holland Lunch – on 7 February – at next year’s foremost gathering of gaming professionals in the world.
- The GamblingCompliance Global Regulatory Awards 2018, celebrating excellence in the field of regulatory compliance and responsible gambling, will be hosted at The Sheraton Grand Hotel, London – 18 April 2018.
- Next year, the iGaming Super Show, EiG and Amsterdam Affiliate Conference come together as iGB Live!, a consolidated three brand event. The first edition of iGB Live! will take place 17 – 20 July 2018 at The Amsterdam RAI.
- The 12th EASG Conference on Gambling Studies and Policy Issues is now scheduled for 11-14 September 2018 at the Grand Hotel Excelsior, Valletta, Malta.
Dutch MPs Object to Open-Ended “Temporary” Gaming Tax Increase
During a meeting of the Permanent Committee for Finance of the Dutch Lower House, several MPs objected to the government’s proposal to temporarily increase the gaming tax rate from 29% to 30.1% without including a specific ending date.
The government proposed the temporary tax increase in its 2018 fiscal budget in order to compensate for a deficit in expected tax revenues caused by the ongoing delays in enacting the remote gaming bill. The temporary tax increase will be automatically reversed six months after the remote gaming bill is enacted.
However, MPs Aukje de Vries (VVD), Edgar Mulder (PVV), and Henk Nijboer (PvdA) all suggested – or even explicitly stated – that a definite date on which the temporary tax increase will be reversed would be more appropriate. Nijboer also asked about the likelihood that the remote gaming bill will be enacted in the near term by the Senate.
State Secretary Menno Snel of Finance (D66) will respond on November 6.
Online gaming regulation in the Netherlands has been “chaotic” and “a nightmare,” according to Ulrik Bengtsson, former CEO of Betsson, at EiG 2017. Bengtsson also said, citing compliance and consolidation, that it is “very hard” to see a sustainable future for a lot of small affiliates.
The Netherlands Gaming Authority has opened a public consultation on its coordinating role in preventing problem gambling.
The Holland Casino bobsled team has been training hard in Sestriere.
Nederlandse Loterij is supporting the Dutch Injuries Burn Foundation.
The municipality of Zaltbommel will be reconsidering its no-license policy for amusement centers, potentially opening the door for a new casino at the local Van der Valk Hotel.
An unnamed gaming company in the Rotterdam region is looking to hire a test engineer.
ESSA reported 72 suspicious betting alerts, including 46 cases in tennis, during Q3 2017.
Spain’s regulated online gambling market saw revenue shoot up by more than one-third in Q3.
The Parliament of Greece is set to debate on a draft bill on gaming, which would allow online betting and casino-type games.
UK online gambling operator Stan James Online has been slapped with a £80k penalty for social responsibility and anti-money laundering failures.
Swedish gaming regulator Lotteriinspektionen has pledged a renewed crackdown on gambling adverts in the country, after the Swedish Supreme Court enforced a ban on non-regulated gambling operators advertising in local media.
French online poker giant Winamax has entered the regulated Italian online gaming market by acquiring the Bet-At-Home’s Italian gaming license.
Portugal’s regulated online gambling market returned to growth in the third quarter after suffering its first ever sequential decline in Q2.
Blockchain lottery operator Quanta Technology Limited has been granted an Isle of Man gaming license.
Online gambling operator Kindred Group saw its share price rise double-digits on Friday after reporting “a record quarter for revenue and profit.” The company posted £193.m in revenues, a 17% increase y-o-y.
Swedish gaming company LeoVegas has announced that it has entered into an agreement to acquire Royal Panda for €100m.
LeoVegas also reported a 40% y-o-y rise in Q3 2017 revenues, driven by strong growth in Denmark and the acquisition of its Italy-facing Winga business.
Holland Casino supplier Playtech has acquired BetBuddy, the Responsible Gambling analytics solution provider, for an undisclosed fee.
Online live dealer casino technology supplier Evolution Gaming more than doubled its Q3 profit.
After reporting a Q3 revenue growth of 28.4%, Mr Green also announced it expects to launch in Denmark in Q4 2017.
The Q3 revenues of gaming solutions provider NetEnt increased 12.3% compared to the same period last year.
GVC Holdings’ online sports betting brand Bwin is pushing ahead with a mid-November launch in Russia, paving the way for other foreign brands to enter the market.
Las Vegas Sands Corp., capitalizing on the rebound in Macau gambling, has announced it will spend $1.1 billion renovating its properties there.