Post Tagged with: "the stars group"

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…]

GiH News Roundup: UK betting firms to face “relentless escalation” in financial penalties; Italy’s gambling ad ban scheduled for 2019

GiH News Roundup: UK betting firms to face “relentless escalation” in financial penalties; Italy’s gambling ad ban scheduled for 2019

The Stars Group has raised $622 million in a public offering of common shares to help fund its $4.7 billion purchase of Sky Betting & Gaming. Games provider Pragmatic Play has acquired Novomatic’s live casino solutions firm Extreme Live Gaming for an undisclosed amount. Gaming Realms has agreed a deal to sell a 70% stake in most of its UK[Read More…]

GiH News Roundup: Stockholm is Europe’s betting capital; Stars Group triggers public share offering to fund Sky Bet acquisition

GiH News Roundup: Stockholm is Europe’s betting capital; Stars Group triggers public share offering to fund Sky Bet acquisition

Today, the 7th annual Gaming in Holland Conference & Expo kicks off in Amsterdam! Spanish company Metronia has supplied three separate Holland Casino branches with live bingo games: Amsterdam, Amsterdam West, and Utrecht. Stockholm has emerged as the European betting capital, with more listed iGaming companies than any other stock exchange in Europe. Global online gambling firm Betway is predicting[Read More…]

Stars Group to acquire Sky Betting for $4.7bn; first rulings on claims for damages against Staatsloterij expected this spring

Stars Group to acquire Sky Betting for $4.7bn; first rulings on claims for damages against Staatsloterij expected this spring

Poker giant Stars Group Inc agreed to buy Sky Betting & Gaming in a deal valued at $4.7 billion, moving deeper into sports betting to create the biggest publicly listed online gambling company. Several different parties are independently bringing civil action for damages against the Dutch State Lottery for misleading advertising practices. The first court ruling are expected this spring.[Read More…]