Claim Organization to Raise Funds for Suit against Dutch State Lottery through Stock Exchange
Claim organization Litigation Investments today announced its intention to raise funds for its suit against the Dutch State Lottery (Staatsloterij) through a listed company.
In 2015, the Supreme Court of the Netherlands found that the Dutch State Lottery had systematically misrepresented the odds of winning a prize in the state-owned lottery. However, as of yet no ruling has been handed down on whether or how players should be compensated.
In order to finance its legal proceedings against Staatsloterij on behalf of affected lottery players, Litigation Investments aims to raise funds on a stock exchange through a listed company. If the case is concluded successfully, share holders will be compensated out of Litigation Investments’ management fee – 20% of the awarded compensation.
CJEU Rejects Offline Activities Requirement for Online Operators
The European Court of Justice (CJEU) has ruled that the Hungarian requirement to have an offline casino in order to be allowed to offer online casino games is in clear violation of EU law, “since that rule does not constitute a condition indispensable to the achievement of the desired objectives [of the Member State], and [because] there are less restrictive measures which are capable of attaining them.”
“Article 56 of the Treaty on the Functioning of the European Union must be interpreted as precluding national legislation […] which introduces a system of concessions and licences for the organisation of online games of chance, if it contains discriminatory rules with regard to operators established in other Member States,” the Court further stated.
The CJEU’s ruling complicates the stated desire of the Dutch government to require “some form of physical presence” in the Netherlands of remote licensees once the country’s remote gaming bill becomes operative.
The Court’s ruling furthermore prohibits enforcement based on gambling legislation not in line with the EU freedom to provide services.
The following upcoming events may be of interest to members of the GiH community.
- The next Slot Academy training course takes place 10-12 April in Leiden, The Netherlands. Download the course agenda here.
- The GamblingCompliance Global Regulatory Awards 2018, celebrating excellence in the field of regulatory compliance and responsible gambling, will be hosted at The Sheraton Grand Hotel, London – 18 April 2018.
- It’s Better Live! Join us for the 2nd Annual Live Gaming Summit in Barcelona, which is bringing together providers, operators, experts, and other stakeholders to discuss the latest developments in the live gaming industry on 26 April, 2018 at Casino Barcelona. Check out the event’s website for more details, or contact Willem van Oort at firstname.lastname@example.org.
- Early bird tickets for the Gaming Summit, the conference of the German slot machine industry, on June 14 in Berlin are now available.
- In 2018, the iGaming Super Show, EiG and Amsterdam Affiliate Conference come together as iGB Live!, a consolidated three brand event. The first edition of iGB Live! will take place 17 – 20 July 2018 at The Amsterdam RAI.
- The 12th EASG Conference on Gambling Studies and Policy Issues is now scheduled for 11-14 September 2018 at the Grand Hotel Excelsior, Valletta, Malta.
- The 2018 edition of Blockchain Live will feature eight conference stages, including one focused on gaming and gambling. No less than 3,000 attendees are expected to gather in The Grand Hall, Olympia, London on September 26, 2018.
- The Lisbon Affiliate Conference will take place on the 17th – 20th October 2018 and is expected to bring together the key stakeholders in the igaming affiliate industry.
Betting on Football 2018 and the Dutch Market + Special Offer!
Betting on Football 2018 is the world’s largest sports betting industry event, held 20 – 23 March at Stamford Bridge football stadium, London.
The Betting on Football conference is vital for anyone looking to launch a sports betting or gambling product.
As the liberalization of the Netherlands’ sports betting market appears imminent, Betting on Football offers a dedicated session on the opportunities and challenges of the Dutch market, featuring distinguished gaming lawyer Justin Franssen and Gaming in Holland founder Willem van Oort.
Franssen and Van Oort will discuss the characteristics and size of the Dutch online gaming market, as well as the latest regulatory developments.
As a special draw to visitors from the Netherlands, Ruud Gullit will be a keynote speaker at the Esports Insider Super Forum, a part of the wider Betting on Football conference.
Members of the Gaming in Holland community are offered a 25% saving on the full ticket price: from £699 + VAT to £525 + VAT.
Simply enter the promotional code GIHBOF2018 when registering.
Dutch consumer protection organization Consumentenbond has chided local lottery operator Postcode Loterij for making it excessively hard to cancel subscriptions. “Earlier pledges from the Postcode Loterij to make this process easier have been proven worthless,” Consumentenbond said.
ZEAL-owned “experience lottery” Raffld, which is imminently expected to go live in the Netherlands, announced that among the very first prizes it will hand out is a “mind-blowing” trip to Iceland.
Dutch supermarket chain Jumbo will succeed lottery operator De Lotto as the main sponsor of professional cycling and skating squad Team Oranje.
A local political group in the Netherlands’ second biggest city, Rotterdam, seeks to raise the minimum admission age for local casino visitors to 21 years.
Game developer and Novomatic subsidiary StakeLogic interviewed DJ Hardwell about the creation of his namesake slot game.
Holland Casino is looking to hire an Assistant Controller/Senior Accountant.
Nederlandse Loterij is looking to hire a Lead Manager Direct Sales.
The UK Competition and Markets Authority has launched enforcement action against a number of online gambling firms in respect of practices that may place unfair obstacles in the way of people withdrawing their money (whether as part of a promotion or not).
The Malta Gaming Authority has responded to allegations that it retaliated against a whistleblower.
UEFA has welcomed the recent decision of the Greek Court of Appeal to hand out prison sentences to several individuals involved in match-fixing in Greece in 2011, with punishments ranging from 30 months to ten years in jail.
The Austrian government is proposing new measures to block unauthorized online gambling operators and to allow their customers to reclaim all gambling losses suffered over the past three decades.
William Hill has agreed to sell its Australia-facing business to CrownBet – which was recently acquired by The Stars Group – for an enterprise value of AU$300m, bringing the UK bookmaker’s five-year Australian venture to an end.
GVC has revised the way it offers bonus promotions in the UK to meet new requirements set out by the CMA last month.
GVC Holdings also agreed a deal to acquire 51% of Georgia-facing operator Crystalbet for €41.3m, with a commitment to buy the remaining 49% in 2021 at a valuation of approximately €150m.
Aspire Global has announced that it is expanding with the launch of a sportsbook in Portugal.
SBTech has expanded its reach in Romania through the online and retail launch of operator Get’s Bet.
Ladbrokes Coral may seek to significantly reduce its £8 million sports sponsorship budget, should the UK government drastically reduce FOBTs wagering levels through its pending industry review judgment.
Independent bookmakers in the United Kingdom have made a written appeal to Prime Minister Theresa May, imploring the disregarding of a proposed £2 Fixed Odds Betting Terminal (FOBT) maximum stake, arguing that such a decision would be particularly harmful to small businesses.
Poland’s national lottery operator Totalizator Sportowy has selected Playtech Plc as the lead systems supplier for its online casino platform and games portfolio.
A recent investigation identified “significant” privacy law compliance failings in affiliate marketing.
William Hill has been hit with its second regulatory issue in two weeks following a ruling by the UK Advertising Standards Authority (ASA) concerning one of its television adverts.