New Developments in Class Action Lawsuit against Dutch State Lottery

A Dutch firm called Liesker Procesfinanciering is attempting to take over “Stichting Loterijverlies,” the foundation behind the class action lawsuit against the Dutch State Lottery (now: Nederlandse Loterij), as the foundation’s controversial founder, Ferdy Roet, was recently suspended as its director by a Dutch court.

Meanwhile, a second foundation, “Stichting Staatsloterij Schadeclaim,” is trying to present itself as a “reasonable alternative,” signaling it is willing to settle with the Dutch State Lottery for a considerably lower sum than Stichting Loterijverlies.

From the perspective of the State Lottery, the ideal scenario would be for the uncompromising Roet to disappear from the scene while his foundation would join the much cheaper settlement that is likely to be accepted by Stichting Staatsloterij Schadeclaim.

Although a cheaper settlement would entail a lower compensation for the party attempting to take over Stichting Loterijverlies, most of the work has, in any case, already been done by Roet, who – apart from the funds he already managed to divert into his own pockets – would then be left empty-handed.

 

10 Betting & Gaming Predictions for the Next 3+ Years

Gaming consultant Liam Casey has ventured to provide a number of predictions regarding the near-term future of the gaming industry. His very first prediction:

 “William Hill & Amaya deal to huff & puff for a relatively short period – but ultimately a deal that doesn’t get done. (Too much grey market exposure for WH. Kentucky lawsuit still hanging over Amaya. Technology integration being a barrier.)”

…has already come true as William Hill and Amaya have abandoned their merger talks.

All the more reason to check out Mr Casey’s other predictions!

 

UK Broadcasters and Betting Firms Plan to Fight Proposed Daytime TV Betting Adverts Ban

“Betting firms and broadcasters have lashed out against the prospect of a ban on betting adverts on daytime TV, amid reports the government is planning a crackdown to protect children and problem gamblers,” The Guardian writes.

Gambling firms’ spend on TV advertising in the UK has more than doubled since 2012, reaching £162m already this year.

 

Social Casino Games Could Be Gateway to Real-Money Gambling

Australian researchers have found support for the hypothesis that social casino games (SCG) may normalize the experience of gambling for young people:

“Paying SCG users reported more frequent engagement and spending in monetary gambling activities, and two-thirds of SCG payers recalled that their SCG use had preceded involvement in financial gambling. […]

Spending in simulated gambling activities by adolescents may be a risk factor for problem gambling.”

 

Affiliate Network Daisycon to Organize Online Gaming Meet-Up on November 3, 2016

Affiliate network Daisycon will organize yet another Online Gaming Meet-up on Thursday, November 3, 2016, to bring together publishers and advertisers who are active in the online gaming industry.

The event is by invitation only and will be held at the REM Eiland in Amsterdam. If you would like to attend, please RSVP here.

 

New Research Confirms that Online Gaming Tax Should Not Exceed 20% of GGR

The Swedish government is currently considering plans to liberalize the country’s gambling market and to introduce new gambling regulation based on a licensing system. According to a new report prepared by leading economic consultancy firm Copenhagen Economics, the proposed Swedish licensing regime would be best served with a gaming tax rate between 15% and 20%:

“Our assessment is that a high channeling rate is reached at a tax rate of 15 percent, and does not increase significantly at lower tax rates. The result is that tax rates below 15 percent would at best give marginal increases in the channeling rate, but at the expense of a substantial reduction in tax revenue. […]

We further conclude that the tax rate should not exceed 20 percent. The reason being that at higher tax rates gambling operators as well as consumers will choose not to join the licensing system. The result is that the channeling rate becomes low and that tax revenues cannot be expected to be higher than at a tax rate of 20 percent.

[…] an international outlook shows that tax rates above 20 percent result in channeling rates under 80 percent. There is no apparent indication that tax revenues would increase further if tax rates would be above 20 percent, as gambling volumes and, in particular, the channeling rate, is expected to drop considerably above this level.”

The researchers’ findings with regard to expected player channeling rates in a high-tax environment confirm the results of an earlier study by Netherlands-based research company Ecorys. In case of a gaming tax rate of 20% of GGR, a player channeling rate of 80% will be “on the upper limit of the expected range.”

With regard to the Dutch remote gaming bill, which includes a proposed tax rate of 29% (plus 2% other levies), these latest findings once again predict a suboptimal outcome with regard to both tax yield and player channeling rates.

Download the full Copenhagen Economics report – in English – here.

 

Other News

The mayor of Rotterdam, the Netherlands’ second largest city, warns of the risk of illegal gambling.

 

This weekend, Holland Casino Amsterdam will host two dance events.

 

Dutch land-based operator Hommerson celebrates its 120th anniversary.

 

H2 Gambling Capital and iGaming Business have published the October 2016 iGaming Dashboard.

 

Television company STV Group plc has launched The Scottish Children’s Lottery, a new charitable weekly online lottery with the aim of raising money for children in Scotland.

 

UK-licensed operator Marathonbet has launched a new live online casino in partnership with Manchester United.

 

NetBet becomes the first UK-licensed online operator to accept Bitcoin.

 

As it turn out, not all random number generators are truly arbitrary.

 

More than half of Canadians believe online is the most harmful form of gambling despite the fact that more of their family members have endured problems with other forms of gambling.