Former Dutch Minister of Finance Gerrit Zalm has been appointed to help form a new coalition government consisting of VVD, CDA, D66, and ChristenUnie. The proposed government coalition will consist of two political groups (CDA and ChristenUnie) that are strongly opposed to further gambling liberalization.
The Netherlands will continue to have a gray online market for the foreseeable future, gaming consultant Michael Ellen of Regulus Partners writes:
KSA has also indicated that it is now running a no-warnings enforcement policy on websites ‘targeting Dutch players,’ a concept they explain by listing specific examples. […] and then ‘If you don’t target a Dutch consumer, it’s very acceptable.’
However, in order to do this, Dutch law and enforcement will need to be both transparent and equitable (eminently achievable but easy to fail) or – like Hungary – risk CJEU opprobrium.
The Malta Gaming Authority (MGA) has published its Annual Report and Financial Statements for the financial year ending 31 December 2016. The country’s gaming industry is estimated to have generated just over €1 billion in terms of gross value added in 2016, which represents a 12% growth over 2015.
Teddy Sagi netted $429 million from an overnight Playtech share sale. To get that many shares sold at once, however, the underwriters – Goodbody Stockbrokers, Shore Capital, and UBS – needed to offer institutional investors a steep discount of 7% to yesterday’s closing price.
The award of a single Italian lotto license will have an unexpected follow-up before the European Court of Justice with an uncertain outcome.
PokerStars parent company Amaya has kicked off its recruitment drive for its new Malta office. The firm, which will rebrand to The Stars Group at the end of August, recently moved to a new facility with space for 350.
Cyprus signed a deal Monday for the construction of what officials say will be Europe’s biggest casino. The Cypriot government backed proposals from a consortium made up of Hong Kong-based Melco International, the US’s Hard Rock and local firm CNS Group to build the casino resort in the coastal town of Limassol.
The Portuguese regulator Serviço de Regulação e Inspeção de Jogos has issued its seventh license to offer iGaming in the EU country.
The Cosmopolitan hotel in Las Vegas will start offering exclusive hotel suites that require a minimum buy-in of $1 million at the Reserve, the Cosmopolitan’s high-roller lounge. This may make them the most expensive hotel rooms anywhere in the world.