Tag: Gambling
Georgia to squeeze offshore operators, then ban online gambling altogether
Georgian Prime Minister Irakli Garibashvili says the government is planning to increase fees for the swathe of offshore online gambling businesses operating in the country – while simultaneously banning gaming ads and lifting the age limit to 25. Yet these are only initial steps, he says, preceding a full ban at some stage within two years.
Gambling advertising: How to decode UK’s new guidance
Incoming changes to gambling advertising guidance in Britain will mean shorter shrift is given to messaging that overly emphasises skill, winning or a sense of urgency. Nick Breen, Entertainment and Media partner at Reed Smith, summarises what operators need to be mindful of from 1 November.
Gambling and inflation: more than just a blip?
Few business leaders today will have direct experience of dealing with 1970s levels of inflation, writes Warwick Bartlett, chief executive of Global Betting and Gaming Consultants. But if the recent spike in prices continues, they may soon have to learn.
Duterte says yes to betting on Boracay
In a twin turn-around for the Philippine president Rodrigo Duterte, gambling is to be legalised on one of the archipelago’s most-prized assets.
Indian gaming law: Ludo needs a bit of luck … or not!
Gambling is a big and burgeoning business in India. Yet in most cases, it’s only legal if players are able to apply an unstipulated quantum of foreknowledge to predict the outcome. For Delhi-based corporate lawyer, Ashima Obhan, this peculiar position has led to a jigsaw of overlapping legislation that desperately needs a rewrite.
Kenya gambling ad spend plummets through 2020
Spending on advertising and sponsorship by betting groups in Kenya fell 68 percent through 2020, as firms reel from the twin impact of covid and tighter marketing rules.
Football Index failure exposes regulatory shortfalls
The collapse of sportsbook-cum-trading-platform, Football Index, has shone a light on the gap between financial and gambling regulation - and whether firms should enjoy the reputation of one and the inferior oversight of another.
Parimatch makes statement of intent for newly legalised Ukraine gambling industry
Following the signing of Bill No. 2285-d by President Volodymyr Zelenskyi to legalise the gambling industry in Ukraine, Parimatch, the international betting and technology company, has confirmed it will be bidding for the new operating licences in the country.
Tanzania expands licensing, relaxes ad ban
The Tanzanian government has updated its gaming regulations to permit a wider range of licence categories while significantly relaxing advertising..
Licence changes will better protect players, says UKGC
The UK Gambling Commission has updated its licensing conditions to better protect players and make gambling fairer.
Panorama: A wider view
Panorama’s carefully edited expose of the now historical failings of certain gambling firms gave the unfortunate impression that little has changed..
Betfair becomes butt of ‘broker-clone network’ sting
Betfair became the focus of a Financial Times investigation in July - which it claims ultimately led to one “broker” closing its business with the site.
Norway places payment ban on seven Malta-registered operators
The Norwegian gaming authority Lottstift has placed payment prohibitions on seven Malta-licensed operators, preventing Norwegian citizens from gambling via their sites. Citing a breach in Norwegian gambling…
William Hill to double profits by 2023
William Hill has reiterated its goal of doubling its profits over the next four years - despite almost simultaneously posting a loss of £721m for 2018.
The embattled British bookmaker is betting big on the unfolding of…
UK-listed companies feel the pinch in 2018
Profits warnings at FTSE-listed gambling firms were at their highest point in over a decade through 2018, according to a new report from EY. And with more regulation coming for the world most mature market…
Netherlands to end igaming vacuum with new Act
The E400m Dutch market could soon triple in size as senators finally approve a Remote Gambling Act that will bring the grey market into the light from next summer. Although experts warn that the devil in the detail, it is yet to be announced. Having been…
Transactional analysis: Kenya vs Nigeria
A new report shows betting was the second most occurring digital transaction in Kenya last year, second only to airtime purchases.
The report, “Kenya Vs. Nigeria, 2018 Year In Review,” conducted by Reach Technologies, analysed urban African consumers…
FOBT lobby rebrands to address online gambling
Ahead of the March 31 FOBT stake cap, the UK Parliament's Fixed Odds Betting Terminals All-Party Parliamentary Group is to be reinstated, renamed and granted a wider remit.
Becoming the APPG for Gam- bling-Related Harm, the committee will…
Excitement builds with only 48 hours to go until SPiCE
Excitement and anticipation is building amongst all those involved in the Indian gaming and sports betting industry as less than 48 hours remain for the kickoff of the Strategic Platform for iGaming Conference & Exhibition (SPiCE) that is scheduled
SPiCE: Alderney eGambling’s Susan O’Leary talks business
Susan O’Leary is the CEO of Alderney eGambling, the Alderney regulator’s strategic and development body. As a lawyer, she represented some of the world’s leading eGambling operators and gambling service providers including many of Alderney’s licensees. She has ...
Assessing the implications of January’s DoJ bombshell
Two weeks since US gaming was rattled by yet another reinterpretation of the 1961 Wire Act, lawyers and lawmakers offer their initial predictions on who’s likely to be affected and how hard. ANTHONY CABOT... ON DAILY FANTASY SPORTS VERSUS MOBILE WAGERING
BiG Africa Supershow 2019 – Only 2 Months to go
According to ventures Africa, the combined size of the gambling industry in Kenya, Nigeria, and South Africa was projected to be worth a staggering $37 billion in 2018.
One of the great things about the African market is that it’s mostly African
UK government to assess links between video gaming and gambling
The UK parliament will investigate the links between video gaming and online gambling, as part of an assessment of VR, AR, esports and the growing trend toward gamification.
The Digital, Culture, Media and Sport Committee will appraise the effect games such as FIFA, Fortnite and Call of Duty have on blurring the delineation between gameplay and gambling, as well as...
Cherry in $1bn consortium bid
Swedish gambling group, Cherry, is at the centre of a $1bn takeover bid from a consortium of investors looking to take the company private.
The target firm’s bid committee has already recommended that its shareholders accept the offer of SEK87…
Industry accedes in gambling ad armistice
In an effort to stave off the kind of gambling ad restrictions introduced in Italy this month, industry leaders have gone against best evidence to adopt a voluntary ban on TV commercials during matches.
Industry bosses in Britain have opted to sooth rising public…
Brazilian uncertainty as Bolsonaro wavers on wagers
With Bolsonaro relying on a wave of traditional, nationalist feeling to ride into power, a progressive attitude to gambling legislation was far from the core of his campaign. But while the new president is visibly unsure of whether to back legislation,
South African Gambling Act marks significant step – but in which direction?
As the ANC comes under fire for reportedly considering an internet ban to prevent online gambling, and the National Gambling Amendment Act 2018 is stripped to a bare minimum, local gaming lawyer, Garron Whitesman, argues that next year’s
BlockChain Innovations Corp. acquires The Games Company
BlockChain Innovations Corp. an international blockchain technology supplier serving the regulated gaming industry, has announced that it has acquired The Games Company, a popular provider of online casino games that is licensed by the United
BetLion leaps into “huge opportunity” of Kenyan market
BetLion has launched a betting operation in Kenya, after receiving approval from the Kenyan Betting Control and Licensing Board to enter the country’s $351m online industry.
The Ugandan operator will now provide its mobile-focused product offering
New York’s legal fudge creates temporary grey market for DFS
A war wages on over daily fantasy sports in New York, which for now has left DraftKings and FanDuel operating in a legal grey zone. In bypassing various constitutional procedures, the state’s lawmakers had no right to regulate DFS, said a Supreme Court judge…
