Post Tagged with: "fobt"

GiH News Roundup: Dutch gov’t responds to questions on land-based sports betting tax bill; Amsterdam to open land-based casino market

GiH News Roundup: Dutch gov’t responds to questions on land-based sports betting tax bill; Amsterdam to open land-based casino market

State Secretary of Finance Menno Snel has responded to written questions submitted by the Permanent Committee for Finance of the Dutch Lower House regarding the government’s intention to change the gaming tax rate for land-based sports betting.

GiH News Roundup: Ministry of Justice releases presentations on secondary legislation; UK gov’t delays £2 maximum FOBT stakes

GiH News Roundup: Ministry of Justice releases presentations on secondary legislation; UK gov’t delays £2 maximum FOBT stakes

Only 1 day 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 Ministry of Justice and Security has released the presentations on consumer protection, the prevention of gambling addiction, and the prevention of gambling-related crime, which were delivered during the May 31 public[Read More…]

GiH News Roundup: UK gaming industry profitability “could be reduced by 66%;” Italy’s government plans to reduce number of gaming machines

GiH News Roundup: UK gaming industry profitability “could be reduced by 66%;” Italy’s government plans to reduce number of gaming machines

The UK gaming industry could face an extra annual tax burden of £200m on top of the devastating impact of the FOBT’s on UK bookies’ profits if the remote tax is raised to 20% from 15%, analysts have warned. Sector profitability could be reduced by 66% at the EBITDA level, Paul Leyland of Regulus Partners said. Even so, shares of[Read More…]

GiH News Roundup: Ministry intends to answer Senate questions on remote gaming bill “before the summer;” PPB confirms FanDuel interest

GiH News Roundup: Ministry intends to answer Senate questions on remote gaming bill “before the summer;” PPB confirms FanDuel interest

The Ministry of Justice and Security said it intends to answer the latest round of written Senate questions on the remote gaming and casino reform bills “before the summer.” Answering these questions would potentially clear the last hurdle before the plenary debate and final vote on the bills in the Dutch Upper House. Chairman Frits Huffnagel of trade association VAN[Read More…]

GiH News Roundup: ZEAL’s “experience lottery” Raffld will soon launch early access version; UKGC recommends £30/£2 FOBT stake limits

GiH News Roundup: ZEAL’s “experience lottery” Raffld will soon launch early access version; UKGC recommends £30/£2 FOBT stake limits

ZEAL’s Dutch-licensed “experience lottery” Raffld will go live with an early access version “in a couple of weeks.” The UK Gambling Commission is recommending that the stake levels on FOBT gaming machines be cut to £2 for slots-based games and £30 for non-slots games such as roulette. A small number of online player accounts with the UK National Lottery have[Read More…]

GiH News Roundup: Las Vegas rocked by mass shooting; Svenska Spel to launch online casino; ESSA sports integrity projects receive EU funding

GiH News Roundup: Las Vegas rocked by mass shooting; Svenska Spel to launch online casino; ESSA sports integrity projects receive EU funding

Las Vegas has been rocked by a mass hooting, just hours ahead of the opening of the G2E Conference, Swedish state-owned operator Svenska Spel is preparing the launch of an online casino as soon as new regulation comes into force in January 2019. The operator is anticipating huge growth once an open market is officially introduced in the country. International[Read More…]

GiH News Roundup: UK operators could face fines over affiliate advertising; Eurocoin gaming launches Batman slots cabinet

GiH News Roundup: UK operators could face fines over affiliate advertising; Eurocoin gaming launches Batman slots cabinet

Yesterday, Novomatic subsidiary Eurocoin Gaming launched its new Batman-themed slots cabinet. The District Court in Amsterdam ruled yesterday, in a court case that could potentially have an impact on gambling operators, that announced rules of play in the television show “Miljoenenjacht” may trump legal obligations and protections that are, in other circumstances, normal elements of commercial activity. The new Holland[Read More…]

GiH News Roundup: strikes continue at Holland Casino; Loterijverlies loses another court case; ESSA elects new chairperson

GiH News Roundup: strikes continue at Holland Casino; Loterijverlies loses another court case; ESSA elects new chairperson

Last night, Holland Casino employees in Utrecht went on strike; for the twelfth time since April. Today, employees in the Holland Casino branches in Breda, Rotterdam, Utrecht, and Scheveningen will go on strike as well. Class action claim foundation Loterijverlies has lost its court case in which it sought to prevent the Dutch State Lottery from offering a free draw[Read More…]

GiH News Roundup: LeoVegas, Mr Green post Q1 revenue growth; UK parliamentary report on FOBTs found to have breached standards

GiH News Roundup: LeoVegas, Mr Green post Q1 revenue growth; UK parliamentary report on FOBTs found to have breached standards

Mobile-focused online operator LeoVegas reported a 49% year-on-year rise in Q1 revenues, which the firm, in part, attributed to its most significant marketing investment to date. The operator also announced it will be applying for a Dutch license once the country’s remote market opens. Swedish state-owned gaming operator Svenska Spel has seen net gaming revenue drop by 5 percent to[Read More…]

GiH News Roundup: sponsors should relinquish their demands for industry exclusivity;  Lotteriinspektionen appoints new acting chief

GiH News Roundup: sponsors should relinquish their demands for industry exclusivity; Lotteriinspektionen appoints new acting chief

It is not in the best interest of Dutch sports as a whole to be forced to rely on a single sponsor from each industry (such as, for instance, De Lotto). Sponsors should therefore relinquish their demands for industry exclusivity, according to sponsoring guru Marcel Beerthuizen: With an umbrella proposition like TeamNL, industry-exclusive sponsorship is going to clash with the[Read More…]