ZEAL Co-Founder Backs Lotto24 Takeover
Ahead of a scheduled shareholder vote on the proposed Lotto24 takeover this Friday, ZEAL co-founder and active shareholder Marc Peters has declared his support for the acquisition.
ZEAL Network also owns Dutch charity lottery Raffld.
Peters who founded the company in 2000, alongside partner Jens Schumann, said: “Having reviewed the proposed transaction as well as the recent changes in the regulatory environment in detail, I have come to the conclusion that both the business model change as well as the proposed transaction with Lotto24 are the right way forward for the company.”
Earlier, ZEAL Network rejected a non-binding Lottoland offer for the purchase of its core German business assets. Dr Helmut Becker, Zeal CEO, said: “The indicative offer from Lottoland is an attempt to buy our core German assets on the cheap. It does not reflect the value of our German business.”
Lottoland, a current shareholder of ZEAL, claims that Lotto24’s enterprise has been significantly overvalued at 100x EBIT value, with ZEAL leadership unable to justify “theoretic cost synergies” attached to the transaction.
28 Professional Players under Investigation in Tennis Match-Fixing Scandal
Spanish authorities have broken up a tennis match-fixing ring by arresting 83 individuals.
According to the Guardia Civil, 83 people were implicated in the racket, among them 28 players in the ITF Futures and Challenger categories. On player, however, also took part in the last US Open.
The operation had been prompted by complaints made by the Tennis Integrity Unit.
The Guardia Civil said the scam had been operating since at least February 2017 and could have generated profits running into millions of euros.
The following events may be of interest to members of the GiH community.
- Now in its second year, the Social Responsibility for Gambling Operators Conference is designed to help gambling operators effectively manage issues around problem gambling and player protection, avoid regulatory action, improve public opinion and increase customer loyalty. The conference is scheduled to take place 23 January in London.
- Part of the larger ICE 2019 Conference, ICE VOX will feature sessions on the regulatory issues surrounding advertising and marketing, as well as the application of artificial intelligence in event prediction and responsible gaming.
- Betting on Sports America is the largest sports betting conference & exhibition in the US, featuring 175 leading industry speakers across 40 sessions. The event is scheduled to take place 23 – 25 April, 2019 in New York/New Jersey.
- The GamblingCompliance Global Regulatory Awards 2019, which celebrate excellence in compliance and responsible gambling initiatives, will be awarded on 1 May, 2019, at the De Vere Grand Connaught Rooms in Central London.
- 115+ speakers already confirmed their attendence at the World Gaming Executive Summit, 2-4 July 2019 in Barcelona.
- The International Association of Gaming Regulators (IAGR)is officially calling for speakers for its 2019 Annual Conference to be held in Montego Bay, Jamaica from 30 September to 3 October 2019. Submissions are due by 1 February.
Gaming in Holland/Leaseweb Business Drinks @ICE 2019
On Tuesday February 5, 16:30 – 18:30, Gaming in Holland and Leaseweb will co-host networking drinks to give ICE attendees the opportunity to discuss the latest developments in the Dutch gaming market.
On the very same day, the Dutch Senate will debate the Remote Gaming Bill and Casino Reform Bill in preparation for a final vote, currently scheduled for the subsequent week on February 12.
2019 looks like it is finally going to be the year when remote gaming regulation comes to the Netherlands. Make sure to don’t miss a thing!
The GiH/Leaseweb get-together will take place at The Pyramid, Excel Centre’s very own sports bar, conveniently located directly the West Entrance.
Feel free to drop by on your way out to dinner or another meeting. All those interested in the Dutch land-based or online markets are welcome. Reservations are not required.
We hope to welcome you there!
This year’s Gaming in Holland gathering at ICE is also made possible by our other strategic partners: Holland Casino, Janshen-Hahnraths Group, JVH Gaming & Entertainment Group, Lottovate, Novomatic Netherlands, and Fonds Gehandicaptensport.
Holland Casino Utrecht welcomed its 10th millionth visitor, who won a trip to Las Vegas.
Fair Play is looking to hire a Formula Manager.
The Danish government has moved to ramp up the social responsibility controls imposed on licensees with a range of new measures designed to improve player protection standards in the market.
Swedish regulator Spelinspektionen has threatened to begin rescinding online gambling licenses of operators that do not comply with the Spelpaus.se self-exclusion scheme.
Sweden’s gambling participation rate held steady in 2018 after four straight years of annual declines.
Aspire Global has temporarily closed its Sweden–facing sites as it investigates why it has been unable to connect to the Swedish national self-exclusion scheme (Spelpaus).
Italian sports betting revenues rose by 10.8% year-on-year during 2018, according to figures released by Italian gaming regulator Agenzia delle Dogane e dei Monopoli (ADM).
Polish-licensed bookmakers’ land-based and online turnover hit PLN5.1b (US$1.37b) in 2018, a 55% rise over 2017’s PLN3.3b and triple 2016’s PLN1.7b.
Betclic Group recorded a 44% year-on-year rise in gross gaming revenue (GGR) last year which the French operator attributed to improved mobile products and a company restructure.
The explosion in marketing and sponsorship combined with the ease of online betting via smartphones, has resulted in the “gamblification” of watching football in the UK, according to research conducted by Dr Darragh McGee of the University of Bath.
UK government officials are concerned by estimates that a fifth of UK online gambling deposits are placed using credit cards.
The head of the UK’s self-exclusion scheme GamStop says she is “deeply concerned” after an investigation found people were able to cheat the system.
The UK Parliament’s Fixed Odds Betting Terminals (FOBT) All-Party Parliamentary Group (APPG) is to expand its reach and focus to tackle a wider range of issues linked to gambling.
Sportradar and the Portuguese Football Federation (FPF) have announced the renewal and extension of the pair’s exclusive integrity partnership for three further years.
Ulster University is offering a funded PhD opportunity to explore the nexus between online gambling, sports broadcasting and the problem gambler on the island of Ireland.
WATCH: In five years, the US will be the biggest sports betting market in the world, according to H2 Gambling Capital’s David Henwood.
The US Department of Justice has issued a replacement for its 2011 opinion on the Federal Wire Act, now claiming that the Act outlaws all remote interstate wagers, including online casino, poker and lottery. As of yet, it is still unclear whether this new opinion will eventually have any direct bearing on existing legislation.
A gambling site is paying out thousands of dollars to people who correctly bet that President Donald Trump would tell more than 3.5 lies in his Oval Office address last Tuesday.
The Turkish government is accepting proposals from bidders for a new contract to power sports betting for state-owned gaming operator SportToto.
The New Zealand Racing Board has launched its own sportsbook through Scientific Games.