Post Tagged with: "the stars group"

GiH News Roundup: temporary increase in Dutch gambling rate “unnecessary;” Netherlands Gambling Authority confiscates dozens of illegal betting terminals

GiH News Roundup: temporary increase in Dutch gambling rate “unnecessary;” Netherlands Gambling Authority confiscates dozens of illegal betting terminals

The Netherlands Gambling Authority has confiscated dozens of so-called “Cash Centers,” which are suspected to function as illegal betting terminals, across the country.

GiH News Roundup: Dutch financial regulator prepares binary option ban; GiG affiliate subsidiary hit with KSA cease and desist order

GiH News Roundup: Dutch financial regulator prepares binary option ban; GiG affiliate subsidiary hit with KSA cease and desist order

The Netherlands Authority for the Financial Markets (AFM) is preparing to introduce a complete ban on binary options and to introduce restrictions on CFD trading.

GiH News Roundup: Paddy Power Betfair and The Stars Group held merger tasks; Belgian regulator starts sanction procedures against Betway

GiH News Roundup: Paddy Power Betfair and The Stars Group held merger tasks; Belgian regulator starts sanction procedures against Betway

The governances of Paddy Power Betfair (PPB) and The Stars Group Inc held mutual talks in late 2018, discussing a ground-breaking merger. The discussions are reportedly no longer taking place.

GiH News Roundup: Swedish monopolists losing market share to international operators; UKGC chief urges operators to be more responsible

GiH News Roundup: Swedish monopolists losing market share to international operators; UKGC chief urges operators to be more responsible

Sweden’s gambling market posted modest growth in the first nine months of 2018 as locally licensed operators continued to lose market share to international operators.

GiH News Roundup: Lower House committee greenlights change in land-based sports betting tax; Belgian top referee suspected of match-fixing

GiH News Roundup: Lower House committee greenlights change in land-based sports betting tax; Belgian top referee suspected of match-fixing

The Permanent Committee for Finance of the Dutch Lower House has given green light to the legislative amendment that would change the tax rate on land-based sports betting from 29% of awarded prize money to 29% of gross gaming revenue (GGR) – on the condition that the government will answer a limited number of questions before the plenary debate and vote.

GiH News Roundup: Senate registrar clarifies procedure regarding Remote Gaming Bill; Postcode Lottery announces winner Green Challenge 2018

GiH News Roundup: Senate registrar clarifies procedure regarding Remote Gaming Bill; Postcode Lottery announces winner Green Challenge 2018

Last week, we reported that the Permanent Committee for Justice and Security of the Dutch Senate had moved to finalize its report on the Remote Gaming Bill on October 16, thus ending the written procedure and clearing the way for an up or down vote during a subsequent plenary session.

CORRECTION: The Stars Group and the iDeal payment method

CORRECTION: The Stars Group and the iDeal payment method

Earlier today, we reported in our newsletter that, according to industry publication EGR, The Stars Group had removed iDeal for its customers, citing possible future sanctions by the Netherlands Gaming Authority. This news turned out to be incorrect.

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: gov’t measures introduce uncertainty in Italian gambling market; The Stars Group records impressive Q2 performance

GiH News Roundup: gov’t measures introduce uncertainty in Italian gambling market; The Stars Group records impressive Q2 performance

The Netherlands Gaming Authority has reinstated the previous obligation of the Dutch State Lottery (Staatsloterij) to remit at least 15% of GGR to the Dutch state’s coffers. “The new Italian government does not like gambling on a pretty visceral level and it intends to use legislation to reduce it – perhaps significantly. […] this makes a material position in Italy’s[Read More…]

GiH News Roundup: WSOP returns to Rotterdam; Swedish regulator receives 22 license applications on first day of submissions

GiH News Roundup: WSOP returns to Rotterdam; Swedish regulator receives 22 license applications on first day of submissions

The 2018-19 World Series of Poker International Circuit will visit Holland Casino Rotterdam from August 31 through September 8, 2018. The Dutch state has withdrawn its appeal in cassation against an earlier decision by the Appeals Court in The Hague with regard to the specific height of the tax adjustments that were imposed on a Dutch online poker player. The[Read More…]