Post Tagged with: "draftkings"

GiH News Roundup: Finnish operator Paf introduces fixed annual loss limit; Swedish operators resisting calls for horseracing levy

GiH News Roundup: Finnish operator Paf introduces fixed annual loss limit; Swedish operators resisting calls for horseracing levy

Only 5 days to go before the 7th annual Gaming in Holland Conference & Expo kicks off in Amsterdam! Register today or check out the event’s agenda here. The Council of State declined to issue a provisional ruling against plans to build a leisure complex, including a casino and movie theater, in the municipality of Waalwijk. Finnish operator Paf has[Read More…]

GiH News Roundup: politicians prefer grandstanding to protecting consumers, ignore urgent need for Dutch online gaming regulation

GiH News Roundup: politicians prefer grandstanding to protecting consumers, ignore urgent need for Dutch online gaming regulation

Only 15 days to go before the 7th annual Gaming in Holland Conference & Expo kicks off in Amsterdam! Register today or check out the event’s agenda here. Gustaf Hoffstedt, Secretary General of the Swedish Trade Association for Online Gambling, will speak at day 1 of the upcoming Gaming in Holland Conference, discussing, from a consumers’ protection perspective, the urgent[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: 4 out of 10 loot boxes violate Dutch Gambling Act; Danish online market accounts for over half of all gambling revenue

GiH News Roundup: 4 out of 10 loot boxes violate Dutch Gambling Act; Danish online market accounts for over half of all gambling revenue

Four out of ten video games containing loot boxes that were investigated by the Netherlands Gaming Authority contravene the Dutch Gambling Act. Game publishers who remain in violation of the Gambling Act after June 20, 2018, may face enforcement action by the Dutch regulator. Denmark’s licensed online gambling operators now account for over half of all market revenue, according to[Read More…]

GiH News Roundup: Netherlands Gaming Authority will not oversee cryptocurrency trading; LeoVegas extends its UK presence

GiH News Roundup: Netherlands Gaming Authority will not oversee cryptocurrency trading; LeoVegas extends its UK presence

Investing in cryptocurrencies is, legally speaking, not a game of chance, the Netherlands Gaming Authority said. Belgian Magazine De Tijd published a profile of professional poker player Kenny Hallaert. In 2017, the Belgian National Lottery posted an 8% revenue increase compared to the previous year. Digital sales increased by a third. Multilotto has launched a new lottery game based on[Read More…]

GiH News Roundup: Council of State sides with Sportech in tote betting dispute; gambling participation in Sweden on the decline

GiH News Roundup: Council of State sides with Sportech in tote betting dispute; gambling participation in Sweden on the decline

The Council of State, the Netherlands’ highest administrative court, has found that the initially successful appeal of Betfair against the Netherlands Gaming Authority’s decision of November 2014 to grant the single tote betting license to competitor Sportech Racing should be decided anew. Sportech successfully argued that it should have been able to argue for its interest at the original appeal.[Read More…]

GiH News Roundup: fresh round of consolidation looming; Planetwin365 tops Bet365 in Italy; eSports betting operator receives Maltese license

GiH News Roundup: fresh round of consolidation looming; Planetwin365 tops Bet365 in Italy; eSports betting operator receives Maltese license

A “flurry of M&A deals is expected after the outcome of a UK regulatory review due this month,” the Financial Times writes. Companies reportedly drawing up plans include GVC, Ladbrokes Coral, William Hill, Paddy Power Betfair, The Stars Group (formerly Amaya), 888 Holdings, Rank Group, and Jackpotjoy. SKS365 Group’s Planetwin365 brand captured 14.9% of Italy’s online sports betting market in[Read More…]

GiH News Roundup: NetEnt announces strong growth; FanDuel-DraftKings merger canceled; lotteries suffering from revenue decline

GiH News Roundup: NetEnt announces strong growth; FanDuel-DraftKings merger canceled; lotteries suffering from revenue decline

NetEnt has announced double-digit growth in revenues and operating profit for the first half of 2017. The proposed FanDuel-DraftKings merger is now officially dead: Early Thursday afternoon, FanDuel CEO Nigel Eccles issued a statement saying he believed it was “in the best interest of our shareholders, customers, employees and partners to terminate the merger agreement and move forward as an[Read More…]

GiH News Roundup: MGA proposes overhaul of regulatory framework; Ireland to raise minimum gambling age; FanDuel-DraftKings merger in doubt

GiH News Roundup: MGA proposes overhaul of regulatory framework; Ireland to raise minimum gambling age; FanDuel-DraftKings merger in doubt

The Malta Gaming Authority (MGA) published a White Paper proposing major reforms to Malta’s Gaming Legal Framework. Holland Casino Eindhoven has launched its very own promotional city map. The Irish government has approved legislation which would raise the raise the minimum age to participate in and enter gambling venues from 16 to 18. The World Regulatory Briefing London – Responsible[Read More…]

GiH News Roundup: Netherlands Gaming Authority imposes penalty on betting affiliate; DraftKings launches German-language website

GiH News Roundup: Netherlands Gaming Authority imposes penalty on betting affiliate; DraftKings launches German-language website

The Netherlands Gaming Authority has imposed a penalty payment on a Dutch betting affiliate (full details here). The regulator has been experiencing significant difficulties collecting administrative fines imposed directly on foreign online operators, as there exists no international legal framework to collect such fines, according to State Secretary Klaas Dijkhoff of Security and Justice. Dijkhoff promised, however, to further study[Read More…]