Register Now: Gaming in Germany Conference to Address Regulation, Compliance, and Business Opportunities

On March 5, the prime ministers of Germany’s sixteen federal states will meet to approve the new State Treaty on Gambling Regulation. The updated treaty will regulate both online sports betting and online casino games and is currently expected to come into force on July 1, 2021.

In order to discuss the opportunities offered by what is potentially Europe’s largest gambling market, the Gaming in Germany Conference will bring together leading experts and stakeholders on March 24-25, 2020 in Frankfurt.

Boasting strong partnerships with the European Gaming and Betting Association; MELCHERS Law Firm; the International Masters of Gaming Law; and VIXIO GamblingCompliance, the upcoming Gaming in Germany Conference will be THE event to learn more about the announced iGaming reforms in what is potentially Europe’s largest gambling market.

Register now!

 

UKGC to Consider Online Stake Limits

Shares in London-listed online gambling companies fell sharply after UK Gambling Commission (UKGC) CEO Neil McArthur told a cross-parliamentary group of MPs he would consider imposing online stake limits from August.

A UKGC spokesperson added: “We said last October that we would be looking at online stake limits as part of our ongoing work to reduce the risks of gambling-related harm.

“This work is in addition to us focusing on VIP practices, advertising technology and game design. We will publish our assessment and next steps for online stakes and further protections later this year.”

In November 2019, some MPs called for a maximum stake of £2 to be allowed on online slot games, as they thought it would be appropriate to bring them in line with land-based gaming machines.

 

Upcoming Events

The following events may be of interest to members of the GiH community.

  • GamblingCompliance Global Regulatory Awards 2020, which celebrate excellence in compliance and responsible gambling initiatives, will be awarded on 22 April, 2020 at the De Vere Grand Connaught Rooms in Central London.
  • The World Gaming Executive Summit will return to Barcelona from 30 June – 2 July, 2020. Key themes on the agenda include AI, the future of land-based gaming, CSR, sustainable marketing, regulation updates, fantasy sports, and emerging marketing opportunities.

 

Betsson Acquires GiG’s B2C Operations as Netherlands Woes Continue

Betsson has acquired Gaming Innovation Group’s (GiG) BC2 operations, including the brands Guts, Kaboo, Rizk and Thrills.

GiG will receive €31m upon completion of the deal. As part of the acquisition, Betsson has entered into a platform service agreement with GiG for a minimum of two and a half years to host the acquired brands on the GiG B2B platform. Betsson will pay a fee based on revenues under the platform service agreement. The total value of the deal is estimated to be around €50m.

“We believe this deal offers a good opportunity for Betsson to consolidate, at good value, where we can create synergies and apply our core B2C skills and marketing insights to scale these assets to their true potential,” Betsson CEO Pontus Lindwall said.

“This transaction serves as a strategic focusing of the Company’s efforts towards the B2B segment,” Richard Brown, Chief Executive Officer of GiG added.

Meanwhile, Betsson reported year-on-year declines in full-year revenue and profit for 2019, after struggling in key markets such as Sweden, Norway, and the Netherlands.

Last year, regulatory pressure from the Netherlands Gambling Authority forced Betsson to rebrand its Netherlands-facing operations Oranje Casino and Kroon Casino (now: Loyal Casino and Casino Winner).

 

Other News

Once, again, Netherlands Gambling Authority chairman René Jansen called for responsibility from the gaming sector in order to safeguard the industry’s reputation and to prevent the introduction of additional restrictions in the future.

 

The Netherlands Gambling Authority has fined two unlicensed operators of land-based gaming machines.

 

A Staatsloterij ad featuring hedgehog “Freddie” has won the “Gouden Loeki” award for best TV commercial of 2019.

 

Nationale Postcode Loterij is looking to hire a marketeer.

 

Sports betting in France saw total bets placed surpass the €5bn mark for the first time during 2019, with a 30% increase in overall stakes from 2018, according to data released by the French regulator, ARJEL.

 

Française des Jeux (FDJ) has announced a revenue increase of 9% year-on-year for 2019, to €1.96bn.

 

Denmark’s regulated gambling market reported declines in gross gaming revenue across a number of core verticals, though a strong performance from the online casino vertical allowed the market to post year-on-year growth for 2019.

 

Svenska Spel generated Q4 2019 revenue of SEK 2.48bn, a rise of 4% year-on-year, but operating profit fell 46% due to the introduction of gaming tax in the re-regulated Swedish market.

 

LeoVegas has posted a 3% year-on-year rise in its Q4 2019 revenue figures, with revenues for the last three months of 2019 hitting €87.1m.

 

Online gambling operator Betway has secured a new license to begin offering sports betting and online casino in Portugal.

 

Gambling revenue in Lithuania increased by 13.1% year-on-year to €112.6m in 2019, due in part to significant growth in the country’s online gaming market.

 

Norwegian regulator Lotteritilsynet has rolled out a new responsible gambling campaign to highlight the risks of problem gambling and encourage players to only gamble with licensed operators.

 

Scientific Games and William Hill have agreed to extend their partnership for an additional four years through 2024.