Post Tagged with: "betsson"

GiH News Roundup: Netherlands Gaming Authority hits Betsson with €300k fine

GiH News Roundup: Netherlands Gaming Authority hits Betsson with €300k fine

The Netherlands Gaming Authority has hit Betsson’s Netherlands-facing subsidiary Corona, operator of the Oranje and Kroon online casino brands, with a €300,000 fine for offering online gaming to customers in the country without a license. Betsson is reportedly locked in internal deliberations and assessments, as the group judges whether to appeal the decision. As a consequence of the Dutch government’s[Read More…]

GiH News Roundup: Nederlandse Loterij contributes €45m to Dutch sports; professional gambler looking to buy Belgian pro soccer team

GiH News Roundup: Nederlandse Loterij contributes €45m to Dutch sports; professional gambler looking to buy Belgian pro soccer team

Nederlandse Loterij will contribute €45m to Dutch sports this year. Holland Casino is looking to hire a HR professional for its Eindhoven branch. A professional gambler is looking to buy a professional Belgian soccer team. League officials said they would have no objections. Live dealer online casino technology provider Evolution Gaming reported a 30% year-on-year improvement in its Q1 revenues.[Read More…]

GiH News Roundup: JVH again among best managed companies; Portugal’s online market posts record revenue; Betsson scales back UK operations

GiH News Roundup: JVH again among best managed companies; Portugal’s online market posts record revenue; Betsson scales back UK operations

For the second year in a row, JVH gaming & entertainment, owner of Jack’s Casino amusement arcades, has been named one of the Netherlands’s best managed companies by Deloitte. Portugal’s regulated online gambling market enjoyed record-high revenue in the final quarter of 2017, thanks to a surge in online sports betting. Online bookmakers must make more affordability checks before upgrading[Read More…]

GiH News Roundup: regulator finds many compliance issues in smaller amusement arcades; Betsson posts double-digit earnings decline

GiH News Roundup: regulator finds many compliance issues in smaller amusement arcades; Betsson posts double-digit earnings decline

Late last year, the Netherlands Gaming Authority visited thirty amusement arcades to check for compliance issues. In a mere three out of thirty no violations were found. “It is not known how many of the amusement arcades that were inspected are members of trade association VAN,” the Gaming Authority’s press release said. Netherlands Gaming Authority CEO Marja Appelman explained on[Read More…]

GiH News Roundup: Betsson shedding staff; Aspire Global launches sportsbook solution; Cherry subsidiary acquires bet monitoring site

GiH News Roundup: Betsson shedding staff; Aspire Global launches sportsbook solution; Cherry subsidiary acquires bet monitoring site

Betsson has announced that the company is undertaking a corporate restructuring and streamlining process that will see the company shed over 160 jobs, with 130 of those being in Malta. The cost saving of the changes is estimated to SEK 50-60 million (€5-6 million) annually. The Netherlands Gaming Authority assisted in a raid on an unlicensed tea house in which[Read More…]

GiH News Roundup: John de Mol to launch online platform for broadcasting amateur soccer; Lower House votes for temporary gaming tax increase

GiH News Roundup: John de Mol to launch online platform for broadcasting amateur soccer; Lower House votes for temporary gaming tax increase

Media entrepreneur John de Mol’s Talpa Network and the Royal Dutch Football Association (KNVB) will launch an online platform, VoetbalTV, for broadcasting amateur soccer matches. Yesterday, the Dutch Lower House voted to approve a temporary gaming tax rate increase of 1.1%, increasing the Dutch gambling tax rate to 30.1%. The temporary increase is expected to last until 1 January 2019,[Read More…]

GiH News Roundup: firm deadline to temporary tax increase? Bet365’s full-year revenues break £2bn barrier; Stars Group banned in Slovakia

GiH News Roundup: firm deadline to temporary tax increase? Bet365’s full-year revenues break £2bn barrier; Stars Group banned in Slovakia

During a meeting of the Permanent Committee for Finance of the Dutch Lower House, MP Edgar Mulder (PVV) reiterated his position that the proposed temporary gaming tax rate increase should automatically end after one year. According to current proposals, the ending date of the tax increase will be dependent on the adoption of the remote gaming bill by the Dutch[Read More…]

GiH News Roundup: demolition of Holland Casino Groningen starts; Betsson prepares launch of Spain-facing sportsbook

GiH News Roundup: demolition of Holland Casino Groningen starts; Betsson prepares launch of Spain-facing sportsbook

The demolition of the burned out Holland Casino branch in Groningen has started. In more upbeat news, Holland Casino is also sponsoring the Dutch bobsled team, as shown in this video. Betsson is planning to launch a Spain-facing sportsbook brand that will be powered by BetConstruct’s sports betting platform. PokerStars’ hybrid online poker game Power Up has returned to the[Read More…]

GiH News Roundup: Betsson admits failure in attempts to re-open infringement proceedings; UK regulators ban cartoon ads

GiH News Roundup: Betsson admits failure in attempts to re-open infringement proceedings; UK regulators ban cartoon ads

In its latest trading update, Malta-based operator Betsson admits defeat in its attempts to have the European Commission re-open infringement proceedings against the Netherlands. The company also commented on its recent court case against the Netherlands Gaming Authority: In July, Betsson filed an official complaint to the European Commission requesting the re-opening of infringement proceedings against the Netherlands that were[Read More…]

GiH News Roundup: Sportech board seeking corporate sale; Italy mulls higher betting taxes; MGA chairman pledges commitment to blockchain

GiH News Roundup: Sportech board seeking corporate sale; Italy mulls higher betting taxes; MGA chairman pledges commitment to blockchain

Betting systems provider Sportech Plc, holder of the Dutch tote betting license, has announced that it is seeking a corporate sale of its entire enterprise. Italy’s sports betting operators could face higher taxes on both land-based and online operations. According to preliminary proposals, land-based betting taxes would be raised one point, from 18% to 19%, while online betting tax would[Read More…]