Swedish regulator issues warning to licence hopefuls

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Legal & compliance Operators that do not apply quickly for Sweden’s gambling licences could miss the opening of the market in January.The country’s gaming regulator advised those hoping to gain an early advantage to begin the application process as soon as possible, with application forms now available. The licensing window opens on 1 August.Sweden is gearing up to be one of the most competitive newly regulated markets in Europe, with major companies lining up to bid for licences. State-owned gambling company Svenska Spel last week told iGamingBusiness.com that it has already begun to prepare a series of enhancements to content and technology as it anticipates facing “fierce competition” from January. With the window opening in less than three weeks’ time, the regulator said it could not guarantee that “applications filed later in 2018, that are very complex, or that will need additional documents” will be granted a licence in time for January. It added: “Our ambition is to process as many applications as possible before 1 January 2019.”Lotteriinspektionen confirmed all applications must be completed in Swedish. The online gambling and betting form is 14 pages long, with licences also available for games with a public benefit and state land-based casinos and token machines, as defined by the Gambling Act.Lotteriinspektionen said licences will only be awarded to those with “the knowledge, experience and organisation required to operate the business [and] who can be assumed to operate the business in accordance with laws and regulations applicable to the business, and who are otherwise considered to be suitable to operate the business.”Under the terms of the Gambling Act, from January 1 gambling subject to licensing will be taxed at 18%, while there will be “strict requirements for moderation in marketing gambling”.This week Stockholm-listed Cherry confirmed to iGamingBusiness.com that it will apply for a licence in August, using its recent experience in Poland to guide its bid.Picture source: Hangsa Swedish regulator issues warning to licence hopefuls Subscribe to the iGaming newsletter Email Address Regions: Europe Nordics Sweden Lotteriinspektionen urges companies to apply as soon as possible to hit launch date Legal & compliance 13th July 2018 | By contenteditor Tags: Online Gamblinglast_img read more

Portugal iGaming Dashboard – December 2018

first_img Regions: Europe Western Europe Portugal Tags: Online Gambling Slot Machines Portugal iGaming Dashboard – December 2018 31st December 2018 | By Stephen Carter Subscribe to the iGaming newsletter iGaming Business and Ficom Leisure are pleased to present the Portugal iGaming Dashboard, providing revenue, product and game metrics on the dot.pt regulated market.The data is updated quarterly following the official release of the figures by Portuguese regulator the Serviço de Regulação e Inspeção de Jogos (SRIJ).Regulated operators enjoyed their strongest quarter to date in Q3 of 2018, with GGR of €38.5m, 3% up on Q2 and 31% on the same period the previous year.A record return from online casino drove the increase, the €15.9m revenue from slots, roulette and blackjack representing a 15% increase on the prior quarter. At €11.4m, slots commanded the lion’s share of casino revenue at nearly 72% of the total, with slots GGR up more than €2m on the Q2 return.Scroll down and click on the drop down options to compare how Portugal’s igaming market has performed on a quarterly and annual basis.European corporate advisory firm Ficom Leisure is a specialist in all segments of the betting and gaming sector. Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Sports betting Slots Slots drove a highest-ever return for regulated operators in the dot.pt market in the third quarter of 2018 Email Addresslast_img read more

Nevada sportsbook handle hits new heights in January

first_img Regions: US Nevada Email Address Nevada sportsbook handle hits new heights in January Casino & games Customer wins saw Nevada sports betting revenue fall in January, despite amounts wagered reaching a record $497.0m. Overall statewide gambling revenue was down 3% year-on-year for the month Customer wins saw Nevada sports betting revenue fall in January, despite amounts wagered reaching a record $497.0m.Total sports betting revenue for the month amounted to $14.7m, down 41.7% year-on-year. Figures released by Nevada Gaming Control Board show operator hold for the month was at 2.94%.Overall handle was at $497.0m, an 18.8% increase on the $418.6m recorded a year ago.American football win was up 5.52% year-on-year to $7.78m, with handle in January at $188.26m, up on the $179.61m in 2018. Football win percentage was fairly flat at 4.13% compared to 4.35% a year ago.January ended a successful three-month period in which operators generated revenue of $57.78m from betting on football, a period including the National Football League playoffs and Super Bowl, up 40.13% year-on-year and at a win percent of 6.43%.Other sports fared less well, with basketball win down 62.0% to $5.85m due to favourites winning. Basketball handle was at $256.71m, up 27.2% on January 2018.A loss of $1.10m was recorded on baseball as punters cashed in their betting slips several months after the Major League Baeball (MLB) season concluded.Overall statewide gambling revenue was at $984.5m, a 3.0% decline compared with January 2018. Both baccarat and blackjack saw revenue fall over the month.Statewide revenue from baccarat was $95.9m in January, down 15.1% compared with the same month last year. Casinos generated revenue of $90.2m from blackjack, down 15.1%.center_img Topics: Casino & games Finance Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 1st March 2019 | By contenteditor Subscribe to the iGaming newsletterlast_img read more

Scientific Games hands senior marketing role to Stamstad

first_img Subscribe to the iGaming newsletter 1st May 2019 | By contenteditor Scientific Games hands senior marketing role to Stamstad Topics: Casino & games Lottery Marketing & affiliates People Sports betting Strategy Casino & games Email Addresscenter_img Tags: Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Scientific Games as appointed Steven Stamstad as its senior vice president of marketing and communications, with a remit to increase engagement with key stakeholders around the world.Stamstad, who will report directly to president and CEO Barry Cottle, will have responsibility for elevating Scientific Games’ global position and instituting data-driven, marketing best practice to drive results.Stamstad will also focus on developing new products, building brand franchises and expanding innovation across the Scientific Games portfolio of omni-channel products.“Steve is a fantastic addition to our Scientific Games executive team,” Cottle said. “His years of global marketing expertise in the gaming, entertainment and sport sectors, coupled with his mobile and online experience will help us create a world-class global marketing team, drive revenue growth and take Scientific Games to the next level.”Stamstad joins after a spell as vice president, global brand marketing, at vacation home rental online marketplace HomeAway, which is part of US travel giant Expedia.Prior to this, Stamstad spent time as vice president of worldwide marketing at Electronic Arts, as well as a vice-president of marketing and creative, at The Walt Disney Company.The appointment comes after Scientific Games last week set out details of an initial public offering for its SciPlay social gaming subsidiary, with the aim of raising up to $352m (£269.4m/€313.5m) through the sale of Class A common stock.A total of 22m shares will be made available through the offering, each expected to be priced at between $14 and $16. Scientific Games as appointed Steven Stamstad as its senior vice president of marketing and communications, with a remit to increase engagement with key stakeholders around the world.last_img read more

Esports Entertainment names Brackens as new CIO

first_img Online gambling operator Esports Entertainment Group has appointed John Brackens, previously of Activision Blizzard, as its new chief information officer. Esports Entertainment names Brackens as new CIO AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Esports Entertainment Group has appointed John Brackens, previously of Activision Blizzard, as its new chief information officer.Brackens joins the online gambling operator having most recently served as operations director and treasurer of multi-media and technology company Rebus Technologies.Prior to this, he had a spell with game development studio Sparkjumpers, where he was chief marketing officer and later chief operating officer.Brackens also spent just over two years as network operations manager at video games developers Activision Blizzard, where he directed IT service management and hardware support for more than 4,500 servers and over 50 million monthly active players.Prior to this he workedin the gambling sector as network operations manager for AsianLogic, and as IT operations manager at computer software provider QuestPoint. “Esports is going to be the leading source of entertainment in the next few years eclipsing many major traditional sports; I want to be a part of this movement,” Brackens said.“I look forward to helping drive the growth of VIE.gg through cost-effective technologies that deliver value and innovation to players and fans alike, so that everyone can enjoy all of our services as intended.”Esports Entertainment CEO Grant Johnson added: “John’s experience at the highest levels of information technology and network operations, especially within different licensing regimes, will be invaluable as the company embarks on its aggressive growth plans within the global esports industry.”The appointment comes after Esports Entertainment in November also named Christopher Malone as its new chief financial officer.Malone is the founding director of PrOasis, a professional consulting firm, where he has spent the past 26 years working in executive management, corporate finance, strategic planning and governance for Canadian small- to medium enterprises.Image: Rawpixel 17th May 2019 | By contenteditor Subscribe to the iGaming newsletter Topics: Esports Sports betting Strategy Email Address Esportslast_img read more

Horse Racing Ireland sees on-course betting increase in 2019

first_img Horse Racing Ireland sees on-course betting increase in 2019 Subscribe to the iGaming newsletter Finance Email Address Regions: UK & Ireland AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Sports betting Horse racing Tags: Race Track and Racino Horse Racing Ireland (HRI), the sports’ national governing body, has reported a 4.5% year-on-year rise in on-course betting turnover for 2019, despite seeing a decline in Tote wagering.Total on-course betting turnover for the 12 months through to 31 December 2019, including the Tote, amounted to €78.9m (£66.8m/$88.8m), up from €75.5m in the previous year.Growth was driven by an increase in turnover from betting rings, which climbed 6.6% year-on-year to €58.4m.However, the HRI noted a decline in turnover from on-course Tote betting, with this falling by 0.9% to €10.6m, while turnover from on-course starting price (SP) shops also fell by 1.0% to €9.9m.Total Tote betting turnover was also down by 13.0% from €69.2m in 2018 to €60.2m in the past year.On-course betting was boosted by an increase in attendance, with this figure up 3.2% year-on-year from 1.27m to 1.32m, due in part to a busy Christmas period.Elsewhere, prize money climbed 4% to €66.1m for the year, while the HRI said commercial sponsorship was also up by 17.3% to €6.1m. However, there was a slight decline in European Breeders Fund sponsorship, which declined 0.5% to €2.19m.“Obviously increased attendances mean more potential customers for on-course bookmakers, but it is clear also that people see the on-course bookmakers as a part of the atmosphere of a day at the races and enjoy the service and interaction that goes along with having a bet with them and with the Tote at the races,” HRI chief executive Brian Kavanagh said.“While changing habits and technological advances mean that the ring isn’t back to where it once was, this is a positive development.”Kavanagh said 2019 was another challenging year for Tote Ireland, adding that the HRI will consider its options over the Tote moving forward.“While on course turnover fell by just 1%, Tote betting overall was down 13% (or €9m), the majority of this accounted for by a significant dip in international money bet off-course into Irish pools,” Kavanagh said.“The Board of Horse Racing Ireland received a full presentation on future options for Tote Ireland. All options are being considered and we will revert with a recommended position in the coming months. The decision will reflect what we believe is the best option for Irish racing.”Kavanagh also noted that total off-course betting receipts collected by the Irish government climbed 81.6% in 2019, which reflected a 1% rise in the rate of betting tax.“This means that, for the first time, the €95m collected in betting tax receipts significantly exceeded the Exchequer funding for horse racing,” Kavanagh said. 28th January 2020 | By contenteditor Horse Racing Ireland (HRI), the sports’ national governing body, has reported a 4.5% year-on-year rise in on-course betting turnover for 2019, despite seeing a decline in Tote wagering.last_img read more

Malta regulator cancels Pick Mister licence

first_img The Malta Gaming Authority (MGA) has cancelled Pick Mister Limited’s B2C gaming service licence after the online operator failed to pay its licence fees for 2019.The operator had been running the PickMister.com website under its Maltese licence, offering players access to a range of skill games.However, the MGA ruled that as a result of the licence breach, Pick Mister is no longer authorised to carry out any gaming operations, register new players or accept new customer deposits, and must immediately cease operations.The MGA also ordered Pick Mister to provide all registered players with access to their accounts, as well as refunding customer balances and any money owed.According to the regulator, Pick Mister breached section 9 (1) of the country’s Gaming Compliance and Enforcement Regulations, specifically paragraphs C and I.Paragraph I refers to the failure to pay a licence fee of €10,000 (£9,140/$11,000) for the year 2019.Meanwhile, paragraph C is in reference to the failure to comply with one or more applicable obligations in terms of regulations or laws in Malta, following failure to submit a completed compliance contribution calculator and player fund peports for the period of August 2019 to February 2020 within stipulated time-frames.The MGA noted that Pick Mister could be permitted to appeal against the ruling.Pick Mister becomes the second operator to lose its Malta licence this month, after Stakers Limited’s B2C gaming service licence was suspended, following a similar decision by the GB Gambling Commission.Stakers had been running its Stakers.com website under the Maltese licence, but the MGA-enforced suspension means it its no longer authorised to carry out any gaming operations, register new players or accept new customer deposit.The MGA explained it had taken action after the British regulator announced the suspension of Stakers’ operating licence over a number of unspecified compliance issues. That suspension makes it illegal for Stakers to offer gambling via Stakers.com in Great Britain. Email Address Topics: Legal & compliance Legal & compliance Malta regulator cancels Pick Mister licence AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 26th March 2020 | By contenteditor Tags: Online Gambling The Malta Gaming Authority (MGA) has cancelled Pick Mister Limited’s B2C gaming service licence after the online operator failed to pay its licence fees for 2019. Regions: Europe Southern Europe Malta Subscribe to the iGaming newsletterlast_img read more

9 April: Where’s the action?

first_img Tags: Mobile Online Gambling 9th April 2020 | By contenteditor 9 April: Where’s the action? Subscribe to the iGaming newsletter 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. 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. The format has been tweaked, with a full table of the day’s action at the bottom of the page.Basketball Chinese Taipei’s Super Basketball League continues today.Darts The Icons of Darts competition continues today, and is joined by Target Darts’ exhibtion matches, which see high-profile players compete from their homes.Football Betting options for football are limited today (9 April), with Belarus’ Reserve League the only division playing.Golf The action continues in Arizona, with the Outlaw Tour Orange Tree Classic moving into its third round, while the Cactus Tour Apache Creek event enters its second.Greyhounds Today we expand on the greyhound racing events available today, with five tracks holding events in Australia, and one in the US.Horse Racing The racing schedule grows increasingly diversified, though the bulk of activity remains concentrated in Australia. Today Sweden joins the list, alongside Japan, while Singapore racing returns.Ice Hockey Ice hockey remains focused in Eastern Europe, with action in Belarus and Russia.Table Tennis The day’s action finishes as usual on table tennis, with events across the Czech Republic, Ukraine 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.center_img Topics: Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sports betting Email Addresslast_img read more

NZ’s RITA launches consultation on revised racing calendar

first_img Tags: Race Track and Racino NZ’s RITA launches consultation on revised racing calendar Regions: Oceania New Zealand AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The New Zealand Racing Industry Transition Agency (RITA) has launched a consultation on its revised racing calendar for the 2020-21 racing season, reflecting the impact of the novel coronavirus (Covid-19) pandemic.Next season’s racing calendar will see 42 meetings cut from the schedule, with no racing at 14 venues, and will run from August 2020 to July 2021.In addition, RITA proposed holding more meetings closer to where the horse and greyhound populations are trained, which would in turn reduce the need to travel long distances across the country.The latest version of the draft calendar has now been sent to racing clubs, with the consultation process to run to 15 June. RITA expects a final version of the calendar to be released by 3 July.“The Covid-19 pandemic has had a devastating impact on racing, and accelerated the need for significant change across all levels of the industry,” RITA’s executive chair Dean McKenzie said.“The leaders of New Zealand racing have repeatedly talked over decades about change but not been courageous enough to address the critical need for venue intensification.”McKenzie pointed out that the report into the country’s racing industry by former Racing New South Wales chair John Messara had suggested there were too many active racing venues in the country, which drained the sector’s resources rather than boosting commercial revenue.“The draft calendar means that some venues will miss out on racing licenses, and that is regrettable, but Covid-19 makes servicing almost 60 venues simply unsustainable and unappealing to the owners and participants who travel the length and breadth of NZ for meetings,” he said.Bernard Saundry, chief executive of New Zealand Thoroughbred Racing (NZTR) warned that unless the proposals were adopted, the industry would be facing financial ruin. “Every thoroughbred racing club in New Zealand has a history and a part to play,” Saundry said. “NZTR has done significant work over the past 18 months on a venue plan that will future proof the racing industry.  “We recognise that the calendar for 2020-21 looks very different to previous seasons with fewer meetings at fewer venues.  The industry cannot survive, let alone move ahead, if we try to fit 2020s racing into a mould which was created last century.”Michael Dore, racing operations and welfare manager of Greyhound Racing New Zealand, added that the consultation period would allow time for further evaluation of the proposed changes before progressing to the final calendar. He said the situation should be used as an opportunity to reevaluate the racing product, and reduce costs across all categories.McKenzie concluded by admitting that the proposals would be “challenging” for all industry stakeholders, but added they were necessary, as the status quo was unsustainable.“While RITA would like to see some further alignment between the codes with their plans going forward with some venues, the progress made with this calendar is very encouraging,” he added. “RITA commends the racing codes for their leadership and courage in embracing change and making decisions in the best overall interests of the industry.”Publication of the draft 2020-21 calendar comes after RITA this month also confirmed the transitional calendar for the remainder of the 2019-20 season, which had been postponed due to the coronavirus outbreak.Harness racing will resume on 29 May, with thoroughbred racing to follow on 3 July, while greyhound racing returned behind closed doors earlier this week.RITA this week also welcomed a new NZD$72.5m (£35.4m/€40.0m/US$43.2m) support package from the country’s government. The news came after RITA last week launched a separate consultation over a number of proposed changes to the TAB, including a significant reduction in personnel. The New Zealand Racing Industry Transition Agency (RITA) has launched a consultation on its revised racing calendar for the 2020-21 racing season, reflecting the impact of the novel coronavirus (Covid-19) pandemic. Topics: Sports betting Strategy Horse racing 15th May 2020 | By contenteditor Horse racing Subscribe to the iGaming newsletter Email Addresslast_img read more

Leap Gaming expects to post maiden profit in Q3 2020

first_img Topics: Casino & games Finance Sports betting Tech & innovation Slots Leap Gaming expects to post maiden profit in Q3 2020 Tags: Mobile Online Gambling Slot Machines 22nd June 2020 | By contenteditor Email Address Casino & gamescenter_img Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Virtual sports and casino game developer Leap Gaming has seen gross gaming revenue rise 123% for the opening five months of 2020, with the business now expecting to post a profit in the third quarter of the year. Virtual sports and casino game developer Leap Gaming has seen gross gaming revenue rise 123% for the opening five months of 2020, with the business now expecting to post a profit in the third quarter of the year.While no figures were provided, an update from Leap’s shareholder FastForward Innovations – which holds a 43.4% stake in the supplier – also revealed that revenue (gross revenue minus expenses) had also grown 95% year-on-year.This, it said, was driven by the roll-out of new products and new client wins in the period to 31 May 2020, as well as expansion into new markets such as Latin America.In total 30 new customers were signed or partnerships agreed in the five-month period including deals with the Association of Tennis Professionals’ ATP Tour Masters 1000 events, Nascar and Carnoustie Golf Links. This has seen Leap work with its strategic partner, media giant IMG, to develop virtual sports games based on real-world locations and events.“Leap Gaming started 2020 strongly with the completion of its own RGS (remote gaming server), accelerated pace of game title releases, new distribution deals and deepening relationships with incumbent partners,” Leap chief executive Yariv Lissauer said.“Our strategy of further evolving virtual sports through embedding officialisation into the products had started to manifest itself with the partnerships deals we recently announced with ATP (for the creation of Virtual Tennis ATP 1000 Tour, first version of which is already live); Nascar; and Carnoustie.”Leap now expects to become profitable in the third quarter of 2020, and to support the business’ continued growth, its shareholders, including FastForward, have agreed to advance the supplier a €250,000 (£225,884/€280,187) bridging loan. This matures on 31 December 2021, and accrues interest at 1.02% per month.It will be used to provide working capital, which is expected to allow the business to reach profitability, and replaces plans for a much larger fundraising drive originally planned for the third quarter.“With the support of FastFoward and its other shareholders including IMG, Leap Gaming has rapidly developed new products, created new partnerships and expanded its global reach to build market share; this has seen a 95% year-on-year increase in revenues in the first five months of 2020,” FastForward chief executive Ed McDermott said.“We are therefore delighted that the business continues to be ahead of schedule and that in providing this modest bridging loan we, together with the other shareholders, have given them additional funding as the company moves towards profitability,” McDermott added. “We look forward to continuing to support Yariv and his team during the next exciting growth phase.”FastForward first acquired a stake in Leap in 2016, originally purchasing a 29.4% holding, but with the option to increase this by 11.75%, before increasing its shares in the business to 43.4%.IMG, meanwhile, struck a strategic partnership with the supplier in June 2018.last_img read more