Swedish Government Unveils New Gambling Regulation
The Swedish government has unveiled its new gambling regulation, which is scheduled to enter into force January 1, 2019.
The country’s gambling market will be split into three distinct segments: an open/competitive sector, which will include all newly licensed online gaming and betting operators; a non-profit sector offering lottery and bingo products; and a state-owned sector operating land-based casinos and gaming machines.
Licensed gambling will be taxed at 18% of gross gaming revenue (GGR), with no further taxes on winnings.
In response to the proposals, Stockholm-listed Kindred Group has asked the Swedish government to offer clarity on Svenska Spel’s future position within a newly regulated market context.
888 Launches Challenge in German Court against Prohibition of Online Casino Gaming
UK-listed online gambling operator 888 Holdings announced it will file a constitutional appeal to a lower court ruling barring online casino operators from dealing with German customers:
“After consulting with legal counsel, the Group’s [German] subsidiary has filed a constitutional complaint with the German Federal Constitutional Court in which it has asserted its position that the ruling of the German Federal Administrative Court infringes its constitutional rights, as well as its rights under EU law (including the freedom to provide services), and hence should be reversed.”
A significant part of 888’s overall group revenue is derived from the company’s Germany-facing operations.
The following upcoming events may be of interest to members of the GiH community.
- 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 email@example.com.
- Sweden is on the verge of launching a fully-fledged licensing system for online gaming. Will the country become a new hub for the remote industry? Find out at the iGaming Summit: 26 April, 2018, Stockholm.
- 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 International Masters of Gaming Law (IMGL) will be organizing their annual autumn conference in Prague, Czech Republic, 5-7 September 2018.
- 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 17-20 October 2018 and is expected to bring together the key stakeholders in the iGaming affiliate industry.
Sportech to Close Last Remaining Dedicated Betting Shops in the Netherlands
Sportech, holder of the sole Dutch tote betting license, announced it will close the seven remaining dedicated betting shops it operates in the Netherlands.
However, punters will still be able to visit over thirty physical sales outlets that are being operated in cooperation with retail partners. The company will also continue to offer bets online.
At one point, the Netherlands was home to no fewer than 98 betting shops, offering a variety of horse racing bets.
Paul Klomp, Managing Director Netherlands Venues and Online at Sportech, said that his company will continue to invest in cooperation with retail partners and the development of new game formats.
Later this month, the World Poker Tour will return to Holland Casino Amsterdam.
The Dutch Advertising Code Committee has cautioned lottery operator Postcode Loterij for mailing direct marketing materials resembling payment reminders to consumers.
The weekly draws of Dutch lottery operator De Lotto will no longer be broadcast on televison.
Almost all Belgian-licensed online casinos appear to offer a greater number of games than is allowed by law.
The Spanish online gambling and betting market is poised to hit $1.22B by 2023.
The French Government will reportedly begin privatizing the country’s national lottery provider by selling an estimated 50% share in Francaise des Jeux (FDJ).
The UK’s House of Commons’ Public Accounts Committee has recommended changes to the UK National Lottery, as its contributions to good causes are falling.
UK National Lottery operator Camelot has pledged to improve its draw-based games to increase the percentage of overall sales profit given to good causes.
A Swiss legislator claims he was offered a seat on a casino’s board of directors in what he viewed as a bid to sway his vote on the country’s online gambling legislation.
Kindred Group has entered a collaboration with Gamban to offer at-risk customers protection through new gambling-blocking software.
After issuing a profit warning, shares of UK gaming group Rank tumbled 14%.
Aspire Global announced double-digit growth in revenue and earnings for last year.
White label gaming software provider Nektan has announced a 44.8% year-on-year rise in its net gaming revenues for Q3 FY2018.
Bulgaria is becoming increasingly attractive to gambling operators.
Evolution Gaming has opened a new live casino production hub in the Georgian capital city of Tbilisi.
Better Collective has purchased the Danish affiliate activities from Xperten and Xpert.
The UK Advertising Standards Authority (ASA) has ruled that a television advert used by PokerStars must not be broadcast again.
Malaysia-listed conglomerate Genting BHD is building its financial war chest in anticipation of a bidding war for Japan’s casino licenses.