Romanian operator fined by competition regulator

first_img Romanian operator fined by competition regulator Topics: Legal & compliance Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Westgate completed its takeover of Stanleybet’s brands in the country before regulator approval Legal & compliance Regions: Europe Central and Eastern Europe Romania Tags: Online Gambling 19th October 2018 | By contenteditor Email Address Westgate Romania has been fined €50,000 (£44,000/$58,000) after jumping the gun on completing a deal to take over Stanleybet’s brands in the country.Westgate admitted that it had wrapped up the merger before the deal was fully approved by the country’s competition regulator.The admission of wrongdoing led to a reduced fine, according to the ZF.ro news website.Westgate struck the deal to acquire the Stanleysport.ro and Stanleybet.ro domains, as well as the Stanleybet brand in Romania, from Stanley International Betting Limited.The competition watchdog did finally approve the deal in February of this year. However, it emerged that Westgate had already “opened and closed workstations and installed or withdrawn terminals”, the report said.Stanleybet is one of Romania’s top betting brands. Earlier this year, Kambi Group agreed a deal to provide its sportsbook products to the operator.Westgate has not been the only operator to fall foul of Romanian regulators in recent weeks.Earlier this month, Publicwin hit out at Romania’s national gambling regulator, the Oficiul National Pentru Jocuri de Noroc (ONJN), after having its licence suspended.Image credit: Dennis Jarvislast_img read more

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Swiss lotteries see charitable contributions decline in 2018

first_img10th June 2019 | By contenteditor Subscribe to the iGaming newsletter Swiss lotteries see charitable contributions decline in 2018 Tags: Mobile Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Switzerland’s cantonal lottery operators Loterie Romande and Swisslos have seen money raised for charitable projects across the country decline to CHF588m (£457.8m/€525.6m/$593.8m) in 2018.Latest figures from the Inter-Cantonal Lotteries and Betting Commission (Comlot) reveal that gross gaming revenue rose 0.4% year-on-year to CHF943m. While CHF517m of the total came from draw-based games, this was down 2.1% from 2017, offset by growth in games to CHF562m, and sports betting revenue, which rose to CHF63m.The majority of revenue – CHF553m – came from Swisslos, the lottery covering Switzerland’s 20 German-speaking cantons. This was flat year-on-year, with a 2.4% decline in draw-based games revenue to CHF366m offset by growth in other lottery games and sports betting.Loterie Romande, which covers the country’s six French-speaking cantons, saw revenue grow marginally to CHF388m. Draw based games revenue fell to CHF151m, with gaming flat at CHF195m and sports betting revenue up slightly to CHF42m.While Comlot did not provide a full breakdown of revenue, it said that profit for the year amounted to CHF588m, down 1.3% from 2017. This decline was down to Swisslos profit falling 2.1% to CHF372m, largely down to lottery games, with Loterie Romande flat at CHF216m.During the year Comlot granted Loterie Romande approval to launch 38 new games, and gave Swisslos the green light for 22.It also continued to step up efforts to combat illegal gambling, with 78 cases opened on suspected violations of the country’s lottery laws. The majority of these concerned betting terminals, with the regulator initiating supervisory action in 30 cases. A further 24 cases were opened in relation to sweepstakes, with six companies warned they were in breach of gambling laws.Just four concerned foreign igaming operators targeting Swiss players, with only one of these cases resulting in Comlot issuing a warning.However its role in regulating online gaming will expand in 2019, with Switzerland’s igaming market set to open for business from July 1, with licences issued to Grand Casino Baden, Casino Davos, Grand Casino Luzern and Casino Zürichsee. This will see Comlot handed oversight of inter-cantonal and online skill games, as well as gaining powers to mandate internet service providers to block access to unlicensed sites.“Comlot is pleased to tackle these upcoming challenges, supported by modernised regulations,” it said.Image: Oleg Magni Email Address Topics: Finance Lottery Sports betting Regions: Europe Central and Eastern Europe Switzerland Finance Switzerland’s cantonal lottery operators Loterie Romande and Swisslos have seen money raised for charitable projects across the country decline to CHF588m (£457.8m/€525.6m/$593.8m) in 2018.last_img read more

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West Virginia sports betting revenue plummets in June

first_img8th July 2019 | By contenteditor Subscribe to the iGaming newsletter Sports wagering revenue in the regulated West Virginia market plummeted by around 148.2% month-on-month to $377,552 (£301,313/€336,205) in June, while total handle also dropped by 13%. Regions: US West Virginia Sports wagering revenue in the regulated West Virginia market plummeted by around 148.2% month-on-month to $377,552 (£301,313/€336,205) in June, while total handle also dropped by 13%.The June revenue total – from June 8-30 – is some way short of the $937,065 that was generated in May, while the overall amount wagered by players was down from $10.7m to $9.5m.Penn National Gaming’s Hollywood Casino at Charles Town Races retained its position as the leading sports wagering venue in West Virginia, posting revenue of $201,618 in June from $5.4m in total wagers.Read the full story on iGB North America.Image: Famartin West Virginia sports betting revenue plummets in Junecenter_img Topics: Finance Sports betting Finance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

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GVC expects £200m windfall from machines VAT ruling

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The conclusion of the legal dispute over the payment of value-added tax (VAT) on revenue generated from gaming machines has led to GVC Holding revealing that it expects to see up to £200m repaid. Topics: Casino & games Finance Slots Subscribe to the iGaming newsletter Email Address GVC expects £200m windfall from machines VAT ruling 21st May 2020 | By contenteditor Casino & games Regions: UK & Ireland The conclusion of the legal dispute over the payment of value-added tax (VAT) on revenue generated from gaming machines has led to GVC Holding revealing that it expects to see up to £200m repaid.Her Majesty’s Revenue and Customs (HMRC) lost an appeal in the Upper Tribunal Tax Chamber in April, which supported the First-tier Tribunal’s (FTT) stance that VAT was incorrectly applied to B2 machine revenue.HMRC ultimately decided against a further appeal, clearing the way for operators to claim for a VAT rebate. This has already seen William Hill’s board claim that it could see up to £150m repaid.GVC has now announced that it expects to receive approximately £200m through its own claim. This covers the period from 1 October 2002 to 31 January 2013, on VAT paid on B2 machines in its Ladbrokes betting shops.Other betting shop operators, including Rank Group, which was a plaintiff in the original case, are yet to comment on the case. When the FTT first ruled in the industry’s favour in 2018, there were estimates that up to £1bn in rebates would be paid out.The challenge was originally filed by Betfred alongside Rank, with the pair arguing that VAT being charged on games provided via a B2 machine, while the same game delivered through different platforms remained exempt, breached the principle of fiscal neutrality.The Court of Justice of the European Union had already supported this argument in a case brought by Rank in 2011. This ruling ultimately contributed to VAT for gaming machines being replaced by Machine Games Duty in 2013.Betfred will now likely pursue a VAT rebate for the period from 2005 and 2013, while Rank’s rebate will cover 2002 to 2005. Tags: OTB and Betting Shops Slot Machineslast_img read more

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Premiership Rugby eyes 15 August return

first_img England’s Premiership Rugby has set out plans to resume its season on 15 August after it was forced to postpone all matches in response to the novel coronavirus (Covid-19) pandemic. Topics: Sports betting Premiership Rugby eyes 15 August return 5th June 2020 | By contenteditor Sports betting England’s Premiership Rugby has set out plans to resume its season on 15 August after it was forced to postpone all matches in response to the novel coronavirus (Covid-19) pandemic.The rugby union competition was halted on 16 March for an initial period of five weeks, but this was later extended to an indefinite suspension due to the Covid-19 situation in the UK.Clubs have now provisionally agreed to return to action from 15 August after the league this week also Premiership Rugby said its teams could return to stage one of its return to training programme.“Nothing will happen until it is safe to do so but we will do everything we can to resume the 2019-20 Premiership Rugby campaign on 15 August,” Premiership Rugby chief executive Darren Childs said.“We won’t take risks with people’s health, and rugby has unique challenges due to levels of proximity and impact, but with a number of clubs moving to Stage 1, it is important for us to give players, coaches and clubs clarity on when they can look to return. Bearing that in mind, we look forward to the restart of the season.”Bath Rugby chief executive Tarquin McDonald added: “We welcome this news and crucially can now set timeframes in order to maximise our athletes’ readiness for a return to competition when that time comes in August.”This week, the Department for Digital, Culture, Media and Sport gave the green light for professional sports in England to resume, with horse racing having restarted on 1 June.Football’s Premier League last week said it intended to restart on 17 June and has since released a preliminary fixture list for the first matches back after the enforced suspension.center_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: UK & Ireland Subscribe to the iGaming newsletter Email Addresslast_img read more

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GiG receives NJ casino service licence

first_img Email Address 30th July 2020 | By Daniel O’Boyle Gaming Innovation Group (GiG) subsidiary iGaming Cloud has received a five-year casino service industry enterprise license (CSIE) from the New Jersey Division of Gaming Enforcement (DGE).This allowing the supplier to offer its online casino platform to New Jersey operators.The supplier applied for the licence in June 2018, with GiG already supplying its online casino and sportsbook platforms to Hard Rock International for its online casino product under the terms of a transactional waiver.“We are delighted to receive the CSIE license after a long and comprehensive process,” GiG chief executive Richard Brown said. “This is a great achievement for GiG and gives us a solid confirmation that our platform, procedures and operations are meeting the highest standards out there.”Read more on iGB North America Tags: Mobile Online Gambling Regions: US New Jersey Companies: GiG Subscribe to the iGaming newslettercenter_img GiG receives NJ casino service licence Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Gaming Innovation Group (GiG) subsidiary iGaming Cloud has received a five-year casino service industry enterprise license (CSIE) from the New Jersey Division of Gaming Enforcement (DGE). Topics: Casino & games Legal & compliancelast_img read more

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BetVictor-powered BildBet app to launch in December

first_imgSportsbook As reported by iGB last week, BetVictor’s sports betting licence covers a number of domains for Germany’s leading tabloid, including Bild-Bet and Bild-Sportwetten. BetVictor-powered BildBet app to launch in December Subscribe to the iGaming newsletter The issuance of licences by the Regional Council of Darmstadt comes after a court threw out an April judgement that forced a halt to the licensing process and ends years of uncertainty for operators in Germany. However, customers may be able to increase their spending limit to €10,000 or €30,000 if they pass certain due diligence checks. A €1,000 monthly spending limit for sports betting customers, and an €100 annual cap on bonuses, will also be in force. Regions: Europe Central and Eastern Europe Germany The Regional Council will now look to work through the 46 applications filed since the start of the application process on 2 January. It will provide Bild-branded betting services as part of a “strategic brand cooperation” between the pair. The new licensees including BetVictor must integrate with national self-exclusion system OASIS and betting markets must be approved by the Regional Council.  Image by Hendrike 21:23, 28 August 2006 (UTC) – Own work, CC BY-SA 2.5 Operator BetVictor and German tabloid newspaper Bild have announced that their BildBet sportsbook will launch in Germany under the country’s new licensing regime in December. In total, 15 licenses have so far been issued, of which four were online-only licences.  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Legal & compliance Marketing & affiliates Sports betting Licensing Marketing Sportsbook “Bild is known for [its] unique sports reporting and enthusiasm for sports,” BetVictor said. “Through the collaboration with BetVictor, this shall now be expanded in the form of an attractive and user-friendly betting service.” 23rd October 2020 | By Daniel O’Boyle Email Addresslast_img read more

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EA and Swiss subsidiary face Dutch penalties over loot boxes

first_imgAll forms of online gambling are currently prohibited in the country, though this is set to change on 1 March next year with the introduction of the Netherlands’ Remote Gambling Act. This will establish a regulated market and allow operators to apply for igaming licences. Email Address “The KSA has rightly concluded that the definition of games of chance within the meaning of the Gambling Act has been met,” the Court explained. “In view of this qualification and in view of the prohibition on offering online games of chance without a licenxe, the KSA is authorised to proceed with enforcement.” EA and Swiss subsidiary face Dutch penalties over loot boxes The District Court of The Hague has now ruled in favour of the KSA, meaning EA, and its Swiss subsidiary, will be fined €250,000 each week it continues to offer loot boxes in Fifa, capped at €5m. This followed an earlier order, in the wake of a 2018 study, for all video games publishers to remove loot boxes from their titles. Announcing its decision to rule in favour of the KSA, the District Court of The Hague said that the regulator was correct in classifying loot boxes as a game of chance, and as such was right to request the penalties. “Gamers are often young and therefore particularly susceptible to developing an addiction. As such, gambling elements have no place in games.” 29th October 2020 | By Robert Fletcher The regulator said this was in breach of the Gambling Act, which makes it illegal for consumers to win a prize or premium, unless from a licensed operator. It has three weeks to comply with the court ruling – handed down on 15 October – which would suggest all loot boxes must be removed from titles such as Fifa 19, 20 and 21 by 5 November. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter While the majority of companies complied with this order, the KSA noted, EA did not, and instead challenged the ruling. The KSA said as the players purchased are determined by chance and the contents cannot be influenced, FUT constitutes form of gambling. It also said that some players have a high value and can be traded by users playing the game.center_img A Dutch court has confirmed gaming regulator Kansspelautoriteit’s (KSA) has order to video games giant Electronic Arts (EA) and its Swiss subsidiary to remove loot boxes from the popular football sim Fifa in the Netherlands, or face a €5m penalty. “The KSA believes it is crucial to shield vulnerable groups, such as minors, from exposure to gambling,” KSA chairman René Jansen said. “For that reason, the KSA supports a strict separation between gaming and gambling. The KSA first issued the administrative order subject to a penalty in 2019, on the basis that loot boxes constituted a form of unauthorised gambling under the country’s gambling regulations. Loot boxes are an in-game mechanic that allow players purchase ‘blind boxed’ items for virtual or real-word currency, with the user then randomly awarded a virtual item that can be used in the game. The law had been scheduled to come into effect in July 2020, but was delayed to 1 January in November 2019, but another delay due to the effects of the novel coronavirus (Covid-19) pushed the date back to 1 March, with the market set to launch next September. EA uses the mechanic in the form of Fifa Ultimate Team (FUT), where users can purchase a pack of randomly assigned players for their team. Subscribe to the iGaming newsletter Regions: Western Europe Netherlands Tags: KSA EA Loot Boxes Fifa Legal & compliance That study suggested a correlation between playing games with loot boxes and development of an addiction to gambling later in life, prompting the KSA to take action. Topics: Legal & compliance Video gaming Regulationlast_img read more

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FA fails in appeal against reduced betting ban for Trippier

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 15th January 2021 | By Daniel O’Boyle FA fails in appeal against reduced betting ban for Trippier However, Atlético appealed this aspect of the ban, arguing it could only be enforced in England. However, the panel rejected this request, saying only Fifa could determine if the ban should be global. Sports integrity The FA went on to hand the right-back a 10-week suspension, ruling he breached FA Rule E8(1)(b), which bars players from disclosing information about potential transfers. As a result the global suspension was stayed on 2 January, meaning Trippier could play for the club pending his appeal. He had already missed three games up to that point. Three other friends of Trippier’s, who were also informed of the move, placed bets on the deal. One staked a total of £912.75 in nine separate bets at odds between 5/6 and 1/6. It was an “unfortunate outcome” that Trippier would effectively avoid the majority of the ban, the panel admitted, but noted this did not mean the terms could be changed. Making such changes has “the very real potential to cause injustice”, it added. It added that the dates of the suspension were not something that could be easily revised. A hearing requested by the player saw reasons for the charge published. This revealed that Trippier told a friend who had mentioned betting on his next club to “lump it on” Atlético.  The English Football Association (FA) has lost an appeal to have Kieran Trippier’s suspension for a breach of betting rules extended, meaning the Atlético Madrid defender may avoid missing any further matches. However, as the FA’s ruling had said the defender was banned from 21 December 2020 until 28 February 2021, he was still effectively serving the ban while being permitted to play in Spain. Regions: UK & Ireland Spain Because of this, the FA launched an appeal in order to “revise the dates” set by the independent disciplinary panel. While the ban imposed by the the FA, football’s global governing body Fifa had previously determined it would be enforced worldwide. This would mean Trippier would be banned from playing for Atlético even though Spanish football is not under the FA’s jurisdiction. “In our view the commencement date for the suspension is just as much a part of our decision as is the period of 10 weeks suspension,” the panel explained. Subscribe to the iGaming newsletter “Our decision does not suspend [the player] from football and football-related activity for a club outside the jurisdiction of the FA; nor could it do so,” it added. “That is why, of course, the FA sought a direction from Fifa that the suspension which we imposed upon [Trippier] should be given world-wide effect.” Trippier has appeared 25 times for England, including all of England’s matches at the 2018 World Cup. Email Address This came into force from 21 December 2020, while the defender was also fined £70,000 (€77,391/$95,479). In addition, it noted that Trippier was not going unpunished as the ban still had “deleterious effect upon [Trippier]’s transfer prospects” and the ruling was already having a “significant punitive effect” because of this. He signed for Tottenham – where he played 114 games including the 2019 Champions League final – from Burnley in 2015 before leaving for Spain in 2019, and has so far made 52 appearances for Atlético. Trippier was charged with misconduct by the FA in May 2020 for a breach of the FA’s betting rules surrounding his move from Tottenham Hotspur to Atlético Madrid. In January this year, that ban was reduced to four weeks, though the fine remained in place. Topics: Sports integrity Tags: Football Fifa Kieran Trippier Football Association It wished to see the suspension apply either when Fifa allowed the ban to be enforced globally again, or when Trippier returns to an English club, whichever is sooner. Finally, it said that – as the date for a final Fifa decision on whether it could enforce the ban globally was unknown – a postponement may “cause significant stress and anxiety”. The appeals panel explained that the suspension applied to football and football-related activity in England, or for clubs subject to the jurisdiction of the FA, including the English national team. last_img read more

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Racecourse Media Group appoints Stevenson as CEO on permanent basis

first_img Tags: Racecourse Media Group Regions: UK & Ireland “I am extremely excited and honoured to take up the position of RMG CEO,” Stevenson said. “I look forward to working even more collaboratively with our 34 racecourse shareholders, whose media interests have been entrusted to RMG.” Subscribe to the iGaming newsletter Racecourse Media Group appoints Stevenson as CEO on permanent basis “Martin’s vision for RMG is bold and imaginative. His relationship with our shareholder racecourses is very special and Martin is passionate that RMG can, and will, deliver the best returns for racing.” Martin Stevenson He replaces Richard FitzGerald, who left the role of CEO in September. Stevenson had previously been acting CEO when FitzGerald left the post. Stevenson also said that the company would continue to innovate its output, and be creative and forward-thinking in its approach to commercialising racecourse content. Roger Lewis, Chairman of RMG, added: “On behalf of the RMG Board, RMG’s racecourses and all the RMG staff, I am delighted to announce Martin as the new CEO of the Group.” Email Addresscenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter He said the business is now slowly emerging out of the pandemic and that Stevenson is undoubtedly the right person to lead it into its next phase of growth over the coming years. A qualified accountant, Stevenson (pictured) joined the business as finance director in 2007, after previous roles as managing director of the Newspaper Licensing Agency, and group financial controller of Trinity Mirror Plc. Lewis described how the novel coronavirus (Covid-19) pandemic had tested the company’s business model over the past year, but said it had demonstrated great resilience. People moves Topics: People People moves Horse racing 9th March 2021 | By Conor Mulheir Racecourse Media Group (RMG), the media and data rights holding company for racecourses in the UK and Ireland, has named Martin Stevenson as its new permanent chief executive. “RMG has been a phenomenal success story since its inception as Racing UK back in 2004, having posted year-on-year increases in licence fees payable to its racecourse shareholders nearly every year of trading. It shows what can be achieved via a collective approach to commercialising our racecourses’ media and data rights.”last_img read more

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