Massachusetts regulator backs All-In Diversity Project

first_img9th May 2018 | By contenteditor Regions: US Massachusetts Casino & games The Massachusetts Gaming Commission (MGC) has become the first US state regulatory body to declare its support for the All-In Diversity Project. Under the agreement, the MGC will now serve as a participating partner of the initiative. The MGC already runs a number of diversity projects as part of its own strategy and will work with the All-In Diversity Project to build on this activity. Current efforts in Massachusetts include the ‘Access and Opportunity Committee’ that brings together stakeholders to discuss diversity and opportunities in the gaming sector. Massachusetts gaming law also requires casinos to establish training programs that promote the development of a skilled and diverse workforce, with regular reports submitted to the MGC. Casino developers are also required to set diversity hiring goals and submit plans to develop a diverse workforce that provides employment opportunities for the unemployed and underemployed. In addition, casinos are set diversity contracting goals and submit strategic plans for utilising minority-owned, women-owned, and veteran-owned businesses to participate as contractors in all stages of building gaming establishments. Jill Griffin, director of workforce, supplier and diversity development at the MGC, said, “The Commission is steadfast in its mission to ensure the gaming industry in Massachusetts is inclusive and provides opportunities that reflect the diversity of the Commonwealth. “MGC is grateful for the opportunity to collaborate with our global partners on this important initiative to identify and share the gaming industry’s most promising practices to ensure economic benefit for all.” Christina Thakor-Rankin, co-founder of the All-In Diversity Project, added: “Our own experiences coupled with numerous conversations with operators, regulators, responsible gaming groups and government bodies around the world, tell us that diversity, equality and inclusion are key to the long-term success of our industry. “The challenge for almost everyone is not the ‘why’ we need to change, but the ‘how’ do we change – this is a fantastic example of a ‘how’.”Related article: All-In Diversity unveils Caesars as founding member AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Massachusetts regulator backs All-In Diversity Projectcenter_img The Massachusetts Gaming Commission (MGC) has become the first US state regulatory body to declare its support for the All-In Diversity Project Topics: Casino & games Marketing & affiliates People Subscribe to the iGaming newsletter Email Addresslast_img read more

Australian tax changes affect Paddy Power projections

first_img Australian tax changes affect Paddy Power projections Subscribe to the iGaming newsletter 12th June 2018 | By contenteditor Paddy Power Betfair’s earnings could drop by almost 1.5% due to the new Point of Consumption (PoC) Tax in Australia, according to an analyst’s projection Topics: Finance Sports betting Paddy Power Betfair’s earnings could drop by almost 1.5% due to the new Point of Consumption (PoC) Tax in Australia, according to an analyst’s projection.Davy stockbrokers said the earlier-than-expected introduction of the 15% tax on online betting in Queensland could be detrimental for PPB’s balance sheet.The tax was not expected until next January, however the tax has now been scheduled for October 1.In a note issued on Tuesday, Davy said the earlier introduction now reduces the 2018 forecast to £471m (€535m/$630m). The company’s 2019 earnings could also be decreased by £57.3m.Related article: Australian Capital Territory introduces 15% POC gambling tax Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Financelast_img read more

AGA introduces marketing code for sports betting

first_img Topics: Sports betting Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 14th May 2019 | By Joanne Christie As the number of states legalising sports betting gathers pace, the American Gaming Association has issued a code of conduct its members have pledged to follow in relation to the marketing of sports betting As the number of states legalising sports betting gathers pace, the American Gaming Association (AGA) has issued a code of conduct its members have pledged to follow in relation to the marketing of sports betting.The AGA released its Responsible Marketing Code for Sports Wagering today, on the one-year anniversary of the Supreme Court striking down the Professional and Amateur Sports Protection Act.The code outlines a series of measures which aim to restrict underage gambling, promote responsible gambling and make sure both digital and traditional marketing is appropriate for audiences.Read the full story on the iGB North America site now.Image: Keenan Hairston Regions: US Tags: Mobile Online Gambling AGA introduces marketing code for sports betting Subscribe to the iGaming newsletter Email Addresslast_img read more

30 March: Where’s the action?

first_img Subscribe to the iGaming newsletter Tags: Mobile Online Gambling iGB, in partnership with sports data specialist Abelson Info, is providing an updated list of the sporting events taking place each weekday throughout the novel coronavirus (Covid-19) pandemic. Topics: Sports betting Email Address Sports bettingcenter_img 30 March: Where’s the action? iGB, in partnership with sports data specialist Abelson Info, is providing an updated list of the sporting events taking place each weekday throughout the novel coronavirus (Covid-19) pandemic.This will ensure our readers have a regularly updated roster of the sporting events happening that day.Basketball Today’s only basketball competition holding matches today is the Chinese semi-professional Taipei Super Basketball League.Football No league matches are taking place on 30 March, so the only betting opportunities are on club friendlies.Golf There are two golfing events taking place in the US today; the Verrado Founders Championship in Arizona and the West Flordia Golf Tour.Greyhound As with Friday, there are races being run in the US and Australia, but because these take place after Abelson Info’s 10:59PM cut-offs for events of the day, the tracks where the races are to be held have not been listed.Horse Racing While there is some activity at Oklahoma’s Will Rogers Downs racetrack, the bulk of today’s racing is taking place in Australia, across a number of venues.Table Tennis Table tennis, the sport that has arguably benefitted most from the shut-down of other sports, sees matches take place in Russia and the Czech Republic today.Volleyball Today’s round-up ends with two volleyball events, in Belarus and Russia.This list is not intended to be exhaustive, and all events are subject to change. iGB is working on adding an esports component to this round-up.Abelson Info was set up by Ed Abelson in 2003 to supply the bookmaking industry with the crucial sports data it required as the online betting industry began to boom. Starting with just a handful of employees and even fewer clients, the business has since grown and evolved to accommodate the ever-changing requirements of the industry.We now supply data and technical services to the majority of the top tier bookmakers and platform providers in the UK, along with many of the biggest media corporations and development firms across the world. We have a stellar reputation for delivering top quality data and are always on hand to support customers, 24 hours a day, 365 days a year. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 30th March 2020 | By contenteditorlast_img read more

Covid-19: annual revenue expected to miss 2013 total

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Bingo Global gambling revenue is now estimated by H2 Gambling Capital to finish the year below the total for 2013 as the novel coronavirus (Covid-19) crisis continues to disrupt the sectoriGB’s principal data partner is projecting 2020 global gambling gross win for the sector of $399.6bn, 15.6% below the forecast it provided before the industry began to be impacted by the outbreak from early February (see Charts 1 and 2 below).The annual downgrade of 15.6% projected by H2 in Week 10 of its tracking of the cumulative impact of the novel coronavirus outbreak on the global gambling industry compares to 13.6% a week ago.From a regional standpoint, Europe saw the greatest downgrade in the last seven days, by more than three percentage points to 13.6%. Asia/Oceania, first impacted by the pandemic, is currently forecast to finish 18.7% below the pre-crisis estimate, and North America by 12.6% (Charts 3-5 below).The growth of online vis a vis its land-based counterpart now appears to have plateaued, with digital’s projected share of 16.5% of total global gambling revenues for 2020 flat on the figure estimated a week earlier (see Chart 6).H2 also warned of a further negative impact midway through the month of more US states reporting their March figures, after those states that reported early in April posted revenue numbers 60-65% below what H2 had expected pre-crisis.This week will also see the IMF publish revised GDP forecasts including the impact of the Covid-19 outbreak, which H2 said it expected to have a further material impact on its 2020 expectations for global industry gross win. Subscribe to the iGaming newsletter 10th April 2020 | By Stephen Carter Global gambling revenue is now estimated by H2 Gambling Capital to finish the year below the total for 2013 as the novel coronavirus (Covid-19) crisis continues to disrupt the sectorcenter_img Tags: Card Rooms and Poker Mobile Online Gambling Topics: Casino & games Finance Lottery Sports betting Bingo Poker Table games Covid-19: annual revenue expected to miss 2013 total Email Addresslast_img read more

GVC supports Covid-19 relief efforts with new tennis tournament

first_img GVC Holdings has joined forces with former tennis professional Janko Tipsarevic to launch a new tennis tournament to help raise funds for international novel coronavirus (Covid-19) relief efforts. GVC supports Covid-19 relief efforts with new tennis tournament Tags: Charitable Gaming GVC Holdings has joined forces with former tennis professional Janko Tipsarevic to launch a new tennis tournament to help raise funds for international novel coronavirus (Covid-19) relief efforts.The GVC Global Foundation Eastern European Championship begins today (16 June) at the Tipsarevic Academy in Belgrade and will run for six weeks through to 23 July.GVC will make an initial donation of €20,000 (£17,869/$22,562), in addition to €100 for each ace served during the finals week. Donations from the public and tennis community will also be encouraged throughout the competition.Early stages of the competition will feature 100 players including Andrey Rublev, Nikoloz Basilashvili and Kristina Mladenovic in the men’s event, as well as the likes of Kristina Mladenovic, Polona Hercog and Patricia Maria Tig in the women’s contest, with a further top 20 wildcards also set to be announced.GVC will support the championship through its GVC Global Foundation initiative.“The GVC Foundation aims to support and promote a variety of good causes through our association with sport,” GVC’s director of regulatory affairs and trustee of the GVC Global Foundation, Martin Lycka, said.“At this moment there is no greater challenge than tackling the global pandemic and we are proud to be raising funds to support those on the frontline.”Tipsarevic added: “What began as a way to keep local players sharp during the pandemic has taken on a life of its own and it is incredible that it has turned into such a big event. Given the circumstances, it seems entirely fitting that we can use the tournament to do our bit and support Covd-19 relief.”Meanwhile, sports data and integrity solutions provider Sportradar has agreed a deal with the Tipsarevic Tennis Academy to provide a range of live tennis content solutions directly from the event.The agreement includes data production for all matches using data collection software, which the umpire will use to score matches and transmit data back to Sportradar.Sportradar will also provide support in the form of an audio visual offering, as well as distribute the event for television worldwide and deliver coverage of four matches each day of the week.Sportradar’s managing director sport partnerships, David Lampitt, said: “We’re delighted to be involved in an event of this size and profile as we continue to facilitate the return of live sport. And we’re particularly pleased to have the chance to be involved in a combined event involving top players from both the men’s and women’s Tours.” Subscribe to the iGaming newsletter Email Addresscenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter CSR 16th June 2020 | By contenteditor Topics: Social responsibility Sports betting CSRlast_img read more

Wiggin European regulation round-up – 26 June 2020

first_img Tags: Card Rooms and Poker Online Gambling Regions: Europe Topics: Casino & games Legal & compliance Sports betting Bingo Poker Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Wiggin European regulation round-up – 26 June 2020 In conjunction with Chris Elliott and Beth French of Wiggin LLP, iGB provides a regulatory snapshot of igaming across Europe. France, the Netherlands and Spain are among those updated for this editionAUSTRIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Licences for sports betting and horse race betting are available for private operators on a regional basis within Austria, whereas poker, casino, bingo and lottery are controlled by the monopoly, Casinos Austria, which has exclusive rights until 2027. Status: The CJEU has held that the Austrian casino monopoly is incompatible with EU law in a number of cases, although national courts continue to reach conflicting decisions on the compatibility of Austria’s current gambling legislative framework with EU law and the position remains unclear.BELGIUM Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All products are available to private operators except for lotteries, which are reserved exclusively for the monopoly provider. However, online operators need to partner with a land-based licence holder in order to satisfy a local establishment requirement; alternatively, apply for one of the retail licences that can be extended to cover online. Status: There remain valid arguments that the existing regime is incompatible with Belgium’s EU Treaty obligations. Active enforcement measures against operators and players are in place. A mandatory, weekly deposit limit of €500 for all customers of licensed operators is in effect. A draft law to introduce an advertising and sponsorship ban has been submitted to parliament.BULGARIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery (excluding raffles and instant lottery games). Operator type: All products are available to private operators except for lotteries, which are to be reserved exclusively for the monopoly. Status: Any operator from an EU/EEA jurisdiction or the Swiss Confederation can apply for a licence. The Bulgarian regulator has awarded approximately 30 licences to date, including to a number of international operators. The government has adopted amendments to the country’s gambling legislation to establish a monopoly on lotteries in Bulgaria, with any existing lottery licences to be revoked with immediate effect following the amendment’s entry into force.CROATIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All products are available to private operators except for lotteries, which are reserved exclusively for the monopoly provider. Private operators can only be licensed to offer online gambling if they obtain a land-based casino or betting licence. Status: Attempts by the Ministry to update its gambling legislation have been subject to criticism in respect of EU incompatibility issues (including the requirement that only holders of land-based licences can offer online gambling). Regulatory reforms appear to have stalled in the country.CYPRUS Regulated gambling products: Sports betting, horse race betting and lottery. Operator type: OPAP has a monopoly over lottery operations; betting licences are available to private operators. Status: Cyprus regulated online betting in July 2012, although a licensing regime was not established until 2016. ISPs are obliged to implement blocking measures to prohibit Cypriot residents from accessing unlicensed gambling websites. A new betting law, which entered into force in March 2019, replaces the 2012 Betting Law. The provisions of the new law are substantially the same, with minor amends introduced to address EU incompatibility concerns under the previous law (such as the requirement to have a local branch in order to obtain a betting licence). An overhaul to player protection measures has been proposed by the betting regulator.CZECH REPUBLIC Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: EU and EEA-based operators are able to apply for licences. Status: The new gambling regulatory regime entered into force in the Czech Republic on 1 January 2017, allowing EU/EEA companies to enter the market. ISP-blocking measures are active in the jurisdiction. Tax rates reportedly increased to up to 30% of GGR for certain online gambling activities from January 2020.DENMARK Regulated gambling products: Sports betting, fantasy sports, horse race betting, poker, casino, bingo and lottery. Operator type: Licences for all gambling products are available to private operators save for lotteries, which are controlled by the state monopoly. Status: The Danish online gambling regime went live on 1 January 2012. ISP-blocking measures are active in the jurisdiction and the Danish Gaming Authority (DGA) has been granted an injunction to block operators and suppliers that have been targeting Danish customers without the requisite licence. As of 1 January 2020, licensed operators are required to ensure that customers have set deposit limits before they are allowed to gamble, although it is understood this applies to online casino only. The regulator has introduced new marketing regulations, effective from 1 April 2020.ESTONIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Licences for all gambling products are available to private operators save for lotteries, which are reserved exclusively for the monopoly operator. Status: Operators seeking to accept business from players in Estonia must be issued an activity licence for the type of gambling they wish to offer, then an operating permit to provide the services online. A blacklist of operators is maintained and updated by local authorities and ISP and payment blocking is in force. Though some operators argue that the regime is still not compatible with EU law, no notification alleging incompatibility has been issued by the EC since the requirement for licensees to main servers in Estonia was removed.FINLAND Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All gambling products are under the exclusive control of monopoly provider Veikkaus Oy. Status: Despite the existence of a national monopoly, EC enforcement action was dropped subsequent to various changes to Finnish laws. Active enforcement measures are in place (restrictive marketing for offshore operators in particular) and the government is exploring measures to further restrict the offshore supply of gambling services. The Finnish Competition and Consumer Authority published a report in 2019 criticising the existing regime, citing failures of the current monopolistic system that arguably raise questions over the regime’s compatibility with EU law. Maximum loss limits have been lowered by government decree until 30 September 2020 (applicable to monopoly provider Veikkaus Oy) in light of the Covid-19 pandemic, with enforcement efforts expected to be stepped up against unlicensed operators to combat increases in offshore play.FRANCE Regulated gambling products: Sports betting, horse race betting, poker, bingo and lottery. Operator type: Private operators can obtain online licences for sports betting, horse race betting and poker. The monopoly has exclusive rights to bingo and lottery. Status: A regulated market since the introduction of a licensing regime in 2010, following which the EC withdrew its infringement proceedings. A new regulatory authority, L’autorité Nationale des Jeux, took over from ARJEL in June 2020. Responsible gambling advice has been issued to operators and players during the Covid-19 crisis, with a warning against using bonuses to attract new players to poker.GERMANY Regulated gambling products: Schleswig-Holstein, a small northern-German state, regulates sports betting, horse race betting, poker, casino and bingo. The other 15 states of Germany currently permit only sports betting and horse race betting. Operator type: Private operators can no longer obtain casino licences in Schleswig-Holstein under the existing regime, although S-H has approved legislation to reinstate existing licences until 2021 (with operations allowed to continue in the interim). S-H has also introduced a quasi licensing regime for sports betting (intended to be of a transitional nature). In the other 15 states, horse race betting licences are available at a regional level. Sports betting licences can be applied for by private operators as of 1 January 2020, albeit the licensing process has been suspended following a ruling of Administrative Court of Darmstadt in April (currently the subject of appeal). Status: The main legal framework for gambling regulation in Germany has been the subject of much debate and has been heavily criticised by the EC and interested parties/states within Germany for a number of years. Discussions to reform the existing legislation have resulted in the approval of the 3rd Amendment Treaty which, following ratification on 18 December 2019, entered into force on 1 January 2020. The 3rd Amendment Treaty  removes the limit on the number of sports betting licences and re-introduces a sports betting licensing process. The ban on online casino remains in place, although there is an exception to the prohibition for S-H. An increase in enforcement action is expected now the 3rd Amendment Treaty is in effect. On 12 March 2020, the German prime ministers approved the new Interstate Treaty on Gambling which proposes to  allow private operators to obtain a licence to offer online slots for the first time (although stringent restrictions, such as stake limits, are expected to be implemented). The Treaty, which has been notified to the EC and is scheduled to enter into force from 1 July 2021, still needs to be ratified by state parliaments before becoming law. Enforcement action continues, including a recent interdiction order issued to a payment services provider.GREAT BRITAIN Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All licences are available to private operators save for lottery, which is reserved exclusively for the monopoly provider, Camelot. Status: Any operator that transacts with, or advertises to, British residents requires a licence from the Gambling Commission (GC). Licensed operators are required to source gambling software from GC-licensed businesses. Licensed operators are prohibited from allowing consumers to use credit cards to gamble (including online and land-based gambling with the exception of non-remote lotteries) as of 14 April 2020. The GC is set to consider the introduction of stake limits online, with a decision to be made by late autumn of this year. Members of the Betting and Gaming Council, a UK trade group, have agreed to stop TV and radio advertising during the coronavirus lockdown.GREECE Regulated gambling products: Sports betting, horse race betting and lottery. Operator type: All products are exclusively reserved for the monopoly providers pending the implementation of an open licensing regime, although certain private operators are permitted to operate on a transitional basis. Status: In 2012, a ‘transition period’ commenced, whereby the Greek government granted 24 transitional licences to operators, enabling them to provide services to Greek residents. Legislation, which will introduce an open licensing regime for online betting and “other online games”, including casino and poker, entered into force on 30 October 2019. The new regime was not implemented by 31 March 2020 as was originally envisaged. As a result, the regulator confirmed that transitionally licensed operators could continue to offer their services under “temporary” licences provided such operators had submitted an application for a permanent licence prior to 31 March 2020.HUNGARY Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Only the state monopolies (Szerencsejáték Zrt. and Magyar Lóversenyfogadást-Szervezo Kft) and local concession companies can apply for a licence. Status: Amendments to Hungarian gambling law came into force on 1 October 2015 and allow only two land-based casinos to hold remote casino concessions. The regulator has since issued fines, a number of which have been challenged, against unlicensed operators that continue to target the market. In June 2017, the ECJ determined Hungary’s gambling regime to be incompatible with Article 56 TFEU. A subsequent ECJ decision in February 2018 ruled against the Hungarian requirement that online gambling operators must have a land-based licence to offer online gambling services to Hungarian citizens, further strengthening arguments that the current regime is incompatible with EU law.IRELAND Regulated gambling products: Online betting regulated since August 2015. Online gaming is not specifically accounted for in Ireland’s outdated legislation and as such is currently unregulated. Operator type: Private operators can apply for a betting licence. Status: Ireland has contemplated updating its legislation, which will create a comprehensive igaming regime, for some time. The Gambling Control Bill – the legislation which promises to specifically regulate online gambling – has been subject to continued delay and legislative progress is not expected in the short- to medium-term.ITALY Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Fully regulated market, although lotteries are the subject of a state monopoly. Status: Remote gambling licences are granted within specific application windows. The last tender process for applications closed on 19 March 2018. AGCOM, the Italian communications regulator, recently issued its first sanction against an operator for violation of the advertising ban (introduced in 2018). New measures to combat unlicensed gambling, including payment blocking measures, entered into effect in October 2019. The 2020 Budget Law provides for the organisation of a tender for the issuance of licences by 31 December 2020 – it is understood there will be 40 licences available for online gambling. A new tax, which amounts to 0.5% on turnover, is set to be introduced on all bets on sporting events (including virtual sports) until 31 December 2021.LUXEMBOURG Regulated gambling products: Lottery. Operator type: Monopoly. Status: The general prohibition on gambling appears sufficiently wide to cover all forms of online gambling.MALTA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Private operators can apply for a local licence (except for lottery products). Status: In 2018, Malta has approved a new Gaming Act that replaced all existing gaming legislation with a single piece of legislation, supplemented by secondary legislation. The Gaming Act, with directives and regulations, became effective 1 August 2018.NETHERLANDS Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Monopoly for all products. Status: The Remote Gambling Bill, intended to introduce a new regime, is expected to enter into force on 1 January 2021, with a six-month window for licence applications. It is understood that operators that have directly ‘targeted’ the Dutch market will face a 30-month cooling-off period before being eligible for a licence. Full implementation of a licensing regime is not expected until 1 July 2021, though the Dutch Justice Minister has indicated that there may be further delay due to the COVID-19 outbreak. In the interim, the regulator is expected to continue to implement enforcement measures against operators targeting Dutch players.NORWAY Regulated gambling products: Sports betting, horse race betting and lottery. Operator type: Online gambling is reserved for the two monopoly providers, Norsk Tipping and Norsk Rikstoto. Status: The monopoly has extended its offering to include live betting, online bingo and casino games in an attempt to redirect traffic from unlicensed sites. The Norwegian regulator continues to step up enforcement efforts against unregulated operators, local banks and payment service providers. The government has passed amendments to try and stem the flow of gambling supply from offshore, including enhanced enforcement powers to prevent gambling advertising from abroad. Expanded payment blocking provisions entered into effect on 1 January 2020.POLAND Regulated gambling products: Sports betting, horse race betting, casino and poker. Operator type: Betting licences are available for companies with a representative in Poland. Casino and poker are reserved for a state monopoly. Status: Legislation enacted 1 January 2012 permits betting. Online gaming (including poker) is no longer prohibited as of 1 April 2017, although the exclusive rights to offer such products are reserved for a state monopoly. Provisions that provide for the establishment of a blacklist of unlicensed operators and ISP and payment blocking came into force on 1 July 2017. The blacklist contains more than 1,000 domain names. PORTUGAL Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Any EU/EEA operator can apply to be granted a licence for online gambling. Lottery games and land-based fixed-odds sports betting remain reserved for a monopoly. Status: A regulated market since 2015. Although operators can apply for licences, their Portuguese revenue streams are subject to comparatively high tax rates, particularly in sports betting. Portugal’s 2020 Budget will implement changes to the current taxation rates applicable to selected gambling products offered online. The Portuguese government has instituted legislation that imposes a partial or total ban on online gambling for the duration of the Covid-19 pandemic. The legislation does not state the specifics on the limitations, but it is understood that it will apply to online casino only (if implemented).ROMANIA Regulated gambling products: Sports betting, horse race betting, casino, bingo and lottery. Operator type: Any operator from an EU/EEA jurisdiction or the Swiss Confederation can apply for a licence. Lottery games remain reserved for the monopoly. Status: The Gambling Law (as amended) introduced a legal framework for a fully regulated online gambling market and requires licences to be held by online gambling operators, as well as software providers, payment processors, affiliates and testing labs. After some delay, the secondary legislation that fully implemented the new licensing regime came into force on 26 February 2016. The gambling regulator actively polices the regime and notifies ISPs to block blacklisted websites.SLOVAKIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Private operators can apply for licences for online casino as of 1 March 2019 and for sports betting licences from 1 July 2019. Lottery and bingo remain reserved for the monopoly provider. Status: A new Gambling Law came into force on 1 March 2019. The Gambling Law allows private operators outside of Slovakia to apply for licences for sports betting and casino, although sports betting licences will not be operational until at least July 2020.SLOVENIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Online gambling must be operated by land-based casinos or lotteries and, as a result, only the monopoly holds online licences in Slovenia. Status: The requirement that only land-based Slovenian operators are eligible for licences is considered by certain industry stakeholders to be incompatible with EU law. Draft amendments to the Gaming Act were published in 2015, which aimed to remove the current local establishment requirement. However, the proposal does not appear to have been submitted to parliament to date.. Whether any proposed amendments will ultimately introduce an open licensing system remains unclear.SPAIN Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Private operators can apply for licences for all gambling products save for lottery. Status: Operators must hold a general licence and a specific licence, both issued by the National Gambling Commission, for each activity. Remote gambling licences are granted within specific application windows. The last tender process for applications closed on 18 December 2018. In April 2020, Spain’s government had introduced restrictive measures on the offer of bonuses and advertising gambling for the duration of the country’s lockdown during the Covid-19 crisis, though these were lifted on 21 June.SWEDEN Regulated gambling products: Betting (including sports, horse race, pool, exchanges), casino, poker, bingo and lottery. Operator type: Licences are available for private operators. Status: As of 1 January 2019, Sweden is a fully regulated market. All gambling operators that wish to offer their services to Swedish residents will be required to obtain a licence in order to validly do so (either a ‘betting’ licence or a ‘commercial online games’ licence, depending on the product(s) being offered). Active enforcement measures are in place. Proposed regulation, which is set to be introduced on 2 July 2020 in response to the Covid-19 crisis, will introduce restrictions on, among other things, deposit and loss limits (applicable to casino only) and total login time. The measures are expected to be in place until the end of 2020.Wiggin is a law firm dedicated to supporting the media, entertainment and gaming sectors. Its market-leading betting and gaming group provides specialist legal services to an array of gambling industry stakeholders. We advise many of the world’s leading gambling operators and suppliers and also enjoy helping entrepreneurial, interactive start-up businesses. If you’d like to hear more, contact us at [email protected] by Suzy Hazelwood from Pexels Bingo Subscribe to the iGaming newsletter 26th June 2020 | By Stephen Carter In conjunction with Chris Elliott and Beth French of Wiggin LLP, iGB provides a regulatory snapshot of igaming across Europe. France, the Netherlands and Spain are among those updated for this editionlast_img read more

Playtika finalises pricing for initial public offering

first_img Subscribe to the iGaming newsletter From the initial sale, Alpha Frontier – the holding company controlled by the consortium of investors that acquired Playtika in 2016 – stands to gain $1.38bn. This increases to $1.66bn if the over-allotment option is sold in full.  Read the full story on iGB North America. Regions: US Email Address It also sees the tranche of shares sold by Playtika reduced, from an expected 21,700,000 shares to 18,518,500. This would net the business total proceeds of $500.0m.  15th January 2021 | By Robin Harrison Social gaming giant Playtika has confirmed that its initial public offering (IPO) will see 69,500,000 shares sold to the public at a price of $27.00 per share, which could generate total proceeds of $1.88bn. The business’ majority stockholder Alpha Frontier will sell a larger than anticipated tranche.  Topics: Casino & games Finance Social gamingcenter_img The shares are expected to begin trading on the Nasdaq Global Select Market today (January 15), under the symbol PLTK.  The $27.00 per share price exceeds the expected range of between $22.00 and $24.00 set out in its registration statement with the US Securities and Exchange Commission (SEC).  Tags: Playtika Social gaming The offering is then expected to close on January 20, subject to customary closing conditions.  Alpha Frontier will sell 50,981,500 shares of common stock, above the 47,800,000 set out in the registration statement. As before, the underwriters will have a 30-day option to buy an additional 10,425,000 shares at the IPO price.  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Playtika finalises pricing for initial public offeringlast_img read more

WFI: Coaches too will face action if wrestlers caught for doping

first_img Tokyo Olympics: Organisers mulls to allow 20,000 fans for Tokyo 2020 Opening ceremony New sensation “Psychic” lion succesfully predicts four Euro matches Football Latest Sports News WTC Final LIVE Day 3: Covers still on but rain unlikely throughout Day 3 as India look to take charge against New Zealand by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeSuresh Raina issues statement after arrest, says the incident in Mumbai was ‘unintentional’UndoIPL 2020 : Srikanth and fans slams MS Dhoni, says ‘wasted 15 Cr on Jadhav & Chawla’UndoShahid Afridi’s daughter Aqsa to marry Pakistan quick Shaheen AfridiUndoThe coaches have been strictly instructed to inform the WFI about any potential drug abuse by the athletes at the national camp. Any failure to report abuse will invoke suspension for the coaches.The WFI has circulated at notice to this effect. “In the recent years, Indian wrestling has been affected by three-four doping cases at the international level, which not only resulted in Indian wrestling being shamed globally but it also led to WFI paying heavy fines to the UWW. The WFI has, in fact, paid ₹ 32 lakhs in fine to the UWW for two of the country’s wrestlers returning positive for banned substances,” WFI chief Brij Bhushan Sharan Singh has stated in an advisory wrestlers attending national camps, all coaches and support staff.“Indian wrestlers alone can’t be blamed for doping, but the coaches and support staff attached with them at the national camp and during international events will equally have to take the blame for their failure to curb the doping menace. The coaches’ responsibility is not only restricted to imparting training to the wrestlers, but also to ensure that they remain dope free and don’t consume prohibited substances. WFI has decided that if any wrestler returns positive for doping at the camp or during international competitions, not only the wrestler but the attached coach and support staff will also be banned for an indefinite period. In fact, all the coaches and support staff members at the camp will be banned for their failure to stop doping. It’s important that all the wrestlers must be aware about doping and its consequences,” the notice added.Having been slapped with heavy penalties for Indian wrestlers indulgences in doping, the WFI resolved to hold all stakeholders – wrestlers, coaches and support staff – responsible for any suspected dope case.Also Read: UWW Level 1 courses in India attract over 70 participantsBajrang first Indian athlete to play at Madison Square Garden Wrestling Federation of India is setting new precedence not just in governance and commercialisation of the sports, but also in enforcing strict discipline and code.With an aim to cleanse the system and abolish the threat of doping, the Wrestling Federation of India will also hold the coaches and support staff responsible if a player is caught for doping. The liability and penalty shall not be restricted to the players, but the coach and support staff too will face severe action. Punitive majors include also a ban on the coach and support staff. Cricket Previous articleWatson thanked me for scoring quickly at the beginning before he got set: Du PlessisNext articleHockey India names 33 players for Jr Men’s National Coaching Camp Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. RELATED ARTICLESMORE FROM AUTHOR Share on Facebook Tweet on Twitter Cricket ICC WTC Final: Ravichandran Ashwin reveals when he plans to retire from cricket Latest Sports NewsSports BusinessNewsSportSport NewsWrestling Euro 2020, Italy vs Wales LIVE: Gareth Bale and Co face do-or-die clash; Italy eye third consecutive win; Follow Live Updates, Cricket Sport News ATP Tour TAGSIndian WrestlingWFIWFI CoachWrestling CoachWrestling Federation of India SHARE YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndo Cricket Cricket Facebook Twitter WFI: Coaches too will face action if wrestlers caught for doping Halle Open 2021 Final: Ugo Humbert vs Andrey Rublev, Head-to-Head, LIVE streaming; all you need to know Virat Kohli completes 10 years in Test Cricket: 10 things you should know about India skipper- check out By Kunal Dhyani – May 11, 2019 Tokyo Olympics: IOA fuming as Japan imposes stricter regulations on India’s Olympic team, calls it ‘discriminatory and unfair’ India Tour of Sri Lanka: From books to gym, Sanju Samson shares story of his quarantine life Football Happy Father’s Day: ‘We Miss You’, Hardik Pandya pens emotional message for his father last_img read more

Premier League : Manchester United Edinson Cavani banned for 3 games…

first_img Facebook Twitter TAGSEdinson CavaniManchester UnitedManchester United Edinson Cavani bannedPremier LeaguePremier league latest points table SHARE Cricket Euro 2020 LIVE broadcast in more than 200 countries, check how you can watch Live Streaming of EURO 2020 in your country YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinition|SponsoredSponsoredPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredDefinitionWhat ‘Harry Potter’ Characters Were Actually Supposed To Look LikeDefinition|SponsoredSponsored Euro 2020, Switzerland vs Turkey: Top 5 players to watch out for in SUI vs TUR FootballEnglish Premier LeagueLatest Sports NewsSport Formula 1 Previous articlePakistan players competed with fatigued bodies and minds: MisbahNext articlePlaystation Games 2021: PS Plus free games for January 2021 Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Premier League : Manchester United Edinson Cavani banned for 3 games for offensive post RELATED ARTICLESMORE FROM AUTHOR By Kunal Dhyani – December 31, 2020 Football Euro 2020, Italy vs Wales LIVE: Gareth Bale and Co face do-or-die clash; Italy eye third consecutive win; Follow Live Updates, BCCI to form committee to take call on compensating domestic cricketers Football Euro 2020, Switzerland vs Turkey LIVE: Switzerland to punish hapless Turkey; Follow Live Updates Cricket Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore Football WI vs SA 2nd Test Day 3 Live: Start delayed due to rain, SA lead by 149 runs – Follow Live Updates by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeIPL 2020: Bad news for Sunrisers Hyderabad’s Jonny BairstowIPL 2020 : Srikanth and fans slams MS Dhoni, says ‘wasted 15 Cr on Jadhav & Chawla’Suresh Raina issues statement after arrest, says the incident in Mumbai was ‘unintentional’The FA said the comment was “insulting, abusive, improper and brought the game into disrepute” and also was an “aggravated breach” because it “included reference, whether express or implied, to color and/or race and/or ethnic origin.”The message was posted by the Uruguayan on Instagram after he scored twice in United’s 3-2 victory at Southampton in October in the Premier League.“While it is clear that context and intent are key factors, we note that the independent regulatory Commission was required to impose a minimum three game suspension,” United said in a statement. “The club trusts that the independent Regulatory Commission will make it clear in its written reasons that Edinson Cavani is not a racist, nor was there any racist intent in relation to his post.”The former Paris Saint-Germain player, who joined United as a free agent in October, has already issued an apology.“Edinson Cavani wasn’t aware that his words could have been misconstrued and he sincerely apologised for the post and to anyone who was offended,” United said. “Despite his honest belief that he was simply sending an affectionate thank you in response to a congratulatory message from a close friend, he chose not to contest the charge out of respect for, and solidarity with, The FA and the fight against racism in football.” Football Premier League – Edinson Cavani banned: Manchester United striker Edinson Cavani was banned for three games by the English Football Association on Thursday after using a Spanish term for Black people which he said was intended as an affectionate greeting.Cavani has also been fined 100,000 pounds ($136,500) and ordered to complete face-to-face education after admitting to breaching the FA’s rules. Euro 2020, Italy vs Wales: 3 key battles to watch out for in ITA vs WAL Tokyo Olympics: Deepika Kumari to be sole entry to Tokyo Games as Indian women’s recurve team fails to qualify Share on Facebook Tweet on Twitter Football F1 French GP 2021: Max Verstappen pips Lewis Hamilton to win French GP, Perez finishes 3rd Latest Sports News Latest Sports News last_img read more