Post Tagged with: "sportech"

GiH News Roundup: ZEAL announces takeover bid for Lotto24; Playtech official doesn’t expect Dutch market regulation in foreseeable future

GiH News Roundup: ZEAL announces takeover bid for Lotto24; Playtech official doesn’t expect Dutch market regulation in foreseeable future

Lottery innovator ZEAL Network SE, owner of Dutch charity lottery Raffld, today announced an all-share voluntary takeover offer for Germany’s largest private digital lottery broker, Lotto24 AG.

GiH News Roundup: Playtech eyeing Dutch market as Asian profits slump; Sportech reports flat interim results

GiH News Roundup: Playtech eyeing Dutch market as Asian profits slump; Sportech reports flat interim results

Due to “disappointing” market conditions in Asia, Playtech’s adjusted H1 net profit on a constant currency basis slumped by 38% to €83.3m, down from €125.5m during the same period in the previous year. Playtech CEO Mor Weizer: Playtech has identified key markets in Europe and Latin America which have the potential to increase their online penetration of gaming revenue […][Read More…]

GiH News Roundup: UK online market grows 3.7% YoY; Slovakia to open online casino market; Svenska Spel signs esports sponsorship deal

GiH News Roundup: UK online market grows 3.7% YoY; Slovakia to open online casino market; Svenska Spel signs esports sponsorship deal

Only 19 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 UK online gambling sector grew 3.7% to £4.9bn – 35% of the UK’s total gambling market – between April 2016 and March 2017, according to new figures released by the Gambling[Read More…]

GiH News Roundup: Sportech sells its Dutch tote betting business to RBP Luxembourg for €3.25m; Denmark proposes limits on sign-up bonuses

GiH News Roundup: Sportech sells its Dutch tote betting business to RBP Luxembourg for €3.25m; Denmark proposes limits on sign-up bonuses

Sports betting company Sportech has announced the intended sale of its Netherlands-based business Sportech Racing BV to RBP Luxembourg for a fee of €3.25m. The transaction is expected to close in H2 2018. The Dutch government has finally responded to three policy recommendations which were proposed by the Netherlands Gaming Authority in March 2017 on the topics of 1) gaming[Read More…]

GiH News Roundup: Senate Committee asks gov’t to provide timetable for answering Senate questions on remote gaming and casino reform bills

GiH News Roundup: Senate Committee asks gov’t to provide timetable for answering Senate questions on remote gaming and casino reform bills

The Permanent Committee for Justice and Security of the Dutch Senate have asked the government to indicate when it will be able to respond to questions submitted by the Upper House regarding the remote gaming bill and casino reform bill. The Committee also said it will be expecting an answer before March 30. UK betting operator and technology supplier Sportech[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: 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…]

GiH News Roundup: German online gaming regulation in need of “urgent attention;” Sportech CEO resigns; Playtech’s business model criticized

GiH News Roundup: German online gaming regulation in need of “urgent attention;” Sportech CEO resigns; Playtech’s business model criticized

German online gambling legislation needs urgent attention, Saxony-Anhalt Finance Minister André Schröder has warned. The Netherlands Gaming Authority is looking to hire a legal an in-house administrative lawyer. Sportech’s long-serving CEO Ian Penrose has resigned from the company as part of a broader management restructure. Sportech holds the sole Dutch tote betting license. The business model of Holland Casino supplier[Read More…]

GiH News Roundup: Dutch football players cleared of match-fixing suspicions; no change in UK problem and at-risk gambling rates

GiH News Roundup: Dutch football players cleared of match-fixing suspicions; no change in UK problem and at-risk gambling rates

Four Dutch players who were suspected of being involved with match-fixing have been cleared by the Finnish football association. Holland Casino is looking to hire a Senior Communications Advisor. On Thursday, the UK Gambling Commission published the comprehensive survey Gambling Behaviour in Great Britain 2015. Despite some alarmist messages in the UK media, problem and at-risk gambling rates had remained[Read More…]

GiH News Roundup: Dutch government reacts to remote gaming motions; FOBT reforms; betting customers “not interested” in your brand

GiH News Roundup: Dutch government reacts to remote gaming motions; FOBT reforms; betting customers “not interested” in your brand

In addition to a large number of amendments, the Dutch Lower House also adopted several non-binding motions when that body voted on the remote gaming bill in early July. State Secretary Klaas Dijkhoff of Security and Justice has now officially responded to these motions; adopting some, dismissing others. For instance: license holders will be obligated to remind players of their[Read More…]