Bookmakers Blindsided by Stunning Ajax Win in Madrid
Not very surprisingly, bookmakers considered Real Madrid the clear favorites in their match against AFC Ajax. On average, they gave a bet of 1.65 for a Real Madrid win, whereas the bet for Ajax winning the game was 5.50.
Following their stunning upset, shares of AFC Ajax NV jumped 9.5% to 16.80 euros at 9:15 a.m. in Amsterdam, giving the company a market value of 307.1 million euros. The intraday advance of 11% percent was the biggest since March 2017.
Netherlands Gambling Authority Hikes Fines for Unlicensed Online Gambling Operators
Henceforth, the Netherlands Gambling Authority will issue larger fines for offering online gambling without a license, the regulator announced.
Fines start at €200,000, up from the previous penalty of €150,000, but can be increased depending on:
- the number of websites;
- the number of games offered;
- whether live betting is offered;
- the amount of prize money offered;
- deposit/wager size;
- the size of bonuses or the operator’s VIP program;
- whether fees are being imposed on (temporarily) inactive players;
- whether false or irrelevant claims are made with regard to oversight or licensing.
Illegal Betting Terminals “Omnipresent” in Dutch Shopping Streets
Illegal sports betting terminals are omnipresent in Dutch shopping streets, says a former operator.
A large number of illegal betting terminals are located in Turkish teahouses.
While profits can be significant, the chance of getting caught is low, admits a Netherlands Gambling Authority spokesperson.
In response, trade association VAN Kansspelen called on the government to increase the investigative and enforcement capabilities of the Netherlands Gambling Authority and other relevant bodies.
UK Labour Party Calls for Overhaul of Online Gambling Regulation
Labour’s shadow culture secretary, Tom Watson, has promised his party will limit online betting stakes if it gains power in Britain.
Watson also stated problem gambling should be treated as a “public health emergency”.
With new restrictions looming, “the party is over for online gambling in the UK,” says Jonathan Ford in the Financial Times:
“The question for the industry is how to respond. Does it choose to embrace regulatory change and absorb more of the cost of any harms it causes? Or does it hang back and internationalise its activities, inviting its domestic opponents to do their worst?”
The following events may be of interest to members of the GiH community.
- Betting on Football, which is set take place 19 – 22 March 2019 at Stamford Bridge, home of Chelsea FC, is the only trade conference that brings together decision makers from international operators to address the recent issues and opportunities in the sports betting industry.
- Betting on Sports Americais 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.
- 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 attendance at the World Gaming Executive Summit, 2 – 4 July, 2019 in Barcelona.
- Betting on Sports 2019, the world’s largest sports betting conference & exhibition, will be held 17 – 20 September, 2019, in London. Betting on Sports 2019 will take place concurrently with CasinoBeats Summit 2019.
- The International Association of Gaming Regulators (IAGR)will hold its 2019 Annual Conference in Montego Bay, Jamaica from 30 September to 3 October 2019.
- The Responsibility in Gaming Conference, taking place 23 – 24 October, 2019 in Brussels, will focus on what operators and regulators can and should do to create an effective and workable responsible gaming policy.
2-Year Cooling-Off Period for Online Operators to Start Before Market Opens
During yesterday’s Gaming in Holland/Kalff Katz & Franssen webinar on the future regulated Dutch online market, Gaming in Holland was able to reveal some additional details on the proposed implementation of the cooling-off period for unlicensed online operators looking to enter the regulated Dutch market.
Concurrently with the Senate’s approval of the Remote Gaming Bill on February 19, the Upper House also adopted a motion calling on the government to ensure that online operators who had previously targeted the Dutch market would only be eligible for a remote license after a two-year “cooling-off period.”
Although we believe that, at present, no formal decision has yet been made regarding the implementation of the cooling-off period, various sources confirmed to GiH that, according to current thinking, the cooling-off period for complying operators could be considered to have started on February 19, 2019 – the same day the Remote Gaming Bill has been adopted.
The Netherlands Gambling Authority published its Enforcement Agenda 2019.
On Friday, the Netherlands Gambling Authority announced the winners of its annual thesis awards.
The Swedish Consumer Agency (KO) has received over 200 complaints about the marketing practices of licensed egaming companies since the market opened on 1 January, the regulator has confirmed.
Sweden’s Spelinspektionen has entered into a Memorandum of Understanding (MoU) with the Malta Gaming Authority (MGA) to enhance cooperation between the two regulators.
A Swedish court has ruled that gamblers cannot end periods of self-exclusion before the agreed period.
The Danish Online Gambling Association (DOGA) is seeking an agreement with Danish broadcasters to reduce the number of gambling adverts being aired on Danish TV.
GVC Holdings and Playtech have entered into a partnership lasting until 2025. As part of the deal, Playtech will provide its products to all GVC brands in both existing and new markets.
GVC Holdings-owned PartyPoker has launched online operations in the Czech Republic, via a partnership with local casino operator King’s Resort.
GVC grew its pro forma net gaming revenue (NGR) 8% to £3.5bn for 2018.
Paddy Power Betfair reported 5% growth in FY18 online revenues to £948m ahead of a planned name change of the group to Flutter Entertainment later this year.
ICE London 2019 has confirmed its status as the world’s most popular business-to-business gaming expo with attendance figures recorded at 36,092, an 8 percent increase on the 2018 figure.
William Hill announced a 2% fall in online adjusted operating profit for 2018 after the London-listed operator continued to feel the pinch of increased regulatory and compliance costs in the UK.
888 has acquired BetBright’s sports betting platform as part of a £15m deal that will enable the London-listed operator to own its technology and product roadmap across all four core verticals.
Casino games and platform supplier Relax Gaming is to launch its poker product in the regulated French market via its partnership with long-term customer Kindred Group.
The PGA Tour has softened its stance on sponsorships with gambling companies and said it will now consider proposals from gambling firms seeking official partnership with all of its six tours, while tournaments and players may also sign such sponsorships.
Sportradar has moved to enhance its relationship with Major League Baseball (MLB) to become the organization’s official global data partner.
Customer wins saw Nevada sports betting revenue fall in January, despite amounts wagered reaching a record $497m.
MGM Resorts is planning to replace its bartenders with automated cocktail dispensing machines.