Tuesday, January 31, 2023

Tag: government

State interventions: mixed blessings for gambling firms

Unprecedented stimulus packages have assured consumer demand remains buoyant through the coronavirus pandemic. This bodes well for online firms while..

Betting shop closures: reality bites

bookmakers betting shop closures
Ministers must have thought the bookmakers were bluffing in their warning of how many shops would close, writes GBGC’s Lorein Pilling. Unfortunately that..

Raising prize draws for “synthetic lotteries” will hit charity, says Camelot

Camelot raising prize draws will hit charity
Camelot has hit out at ministers for undermining the earning of the UK’s National Lottery by raising the maximum draw on smaller “society”..

Kenyan ‘clean-up’ leaves top firms locked out

A series of escalating enforcement measures from the Kenyan government throughout July has left many of the country’s biggest betting firms locked out of..

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...

Is federal oversight coming to US sports betting?

Capitol Hill
With talk of federal sports betting law doing the rounds on Capitol Hill, Michael Pollock, MD of Spectrum Gaming, and Jeremy Kleiman, NJ- based gaming lawyer at Saiber, discuss who might benefit from a congressional intervention - and why we won’t see one soon.

Peru muses sports betting legislation as ‘market model for Latin America’

The Peruvian government has proposed a legislative amendment to regulate licensed premises in the country, suggesting the addition of sports betting annexes to existing authorised casinos. The bill, tabled by Lima Province congressman Percy Eloy Alcala Mateo, outlines a three year renewable licensing period, controlled and audited by the Ministry of International Trade and Tourism, in a move to capitalise...

UK Government prohibits gambling firm sponsorship after Wembley sale

The UK government has advanced plans to prohibit gambling company sponsorship at Wembley Stadium, following its proposed £600m sale to Fulham FC owner Shahid Khan. The proposal follows an ongoing reduction in gambling involvement for Wembley, which last year saw…

Vietnamese police begin illegal gambling proceedings on high-ranking officials

In preparation for foreign investment in the newly liberalised sports betting market, Vietnamese authorities have completed indictments of two high-level officials involved in the perpetuation of an illegal online gambling ring. Former director…

Ganapati Group two co-CEOs of the G8C meet with the Prime Minister of the Republic of Malta

Ganapati Group two co-CEOs of the G8C issuing company: GanaEight Coin Limited, met with the Prime Minister of the Republic of Malta, Hon. Joseph Muscat, who expressed his interest in the company’s ICO as Malta continues to promote itself firmly…

House of Lords backs bookmakers in two year FOBT implementation

The Association of British Bookmakers has hit back at claims by the Local Government Association that a delay on FOBT maximum stake implementation is caused by the industry “blocking an early implementation.” The claims, made by Councillor

Belarus proposes online legalisation in draft decree

Minsk, Belarus
The government of Belarus has prepared a draft decree to legalise, licence and tax online gambling. The proposal, submitted by head of the country’s Ministry of Taxes and Levies, Sergei Nalivaiko, also includes a motion to raise the legal gambling age from 18 to 21.

Northern Ireland hints at potential court ruling for FOBT cap

The Northern Ireland Department for Communities has stated an FOBT stake cap is a matter for “the Courts,” after it was revealed recent UK regulations will not apply to the country. The restrictions, with limit maximum bets on the terminals to £2, will be imposed on all UK machines other than the 600 currently in use in Northern Ireland. “Gambling is...

Switzerland votes to block international operators

Switzerland flag
In a referendum that has divided the old from the young, Switzerland voted overwhelmingly in favour of a regulated market for online gaming, but one that blocks out international players. The new Gambling Act, which will be one of the strictest regimes in Europe…

Chancellor once again delays decision on FOBT maximum stake

Betting Business FOBT review
News sources have reported the government will once again delay its upcoming triennial review judgement on reducing the maximum stake on fixed odds betting terminals (FOBTs). Campaigners have been confident they could persuade the government to cut the stakes on FOBTs from £100 to just £2. But according to The Times, Chancellor Philip Hammond has put the decision ‘on hold’ as...

Fourth casino too much of a good thing for Connecticut

A report by Northeast gaming expert Clyde Barrow claims that a proposed fourth casino in Connecticut would need to generate $1.1bn annually to be of value to the state. By ending an exclusivity agreement with the Mashantucket Pequot and Mohegan tribes the report predicts the Connecticut government could face a deficit of $90.5m annually. The report, published 9 April, follows the...

Namibian government tables plans for national gambling board

Gambling Namibia
Namibian tourist minister Pohamba Shifeta has proposed forming a state-owned Gambling Board, in order to curb illegal gambling in the country. The National Assembly proposal, which would establish eight board members and a chief executive in monitoring roles, aims to reduce the country’s estimated 20,000 illegal slot machines. “This piece of legislation will not only ensure strict regulation of gambling activities,”...

Paddy Power Betfair calls for FOBT stakes reduction in shock announcement

paddy power betfair fobt
Paddy Power Betfair has become the first major bookmaker to announce its support for reducing FOBT maximum stake levels, leaving the industry dumbfounded.   Perhaps accepting the inevitable, the surprise decision comes weeks before the government’s highly-anticipated triennial review on gambling, in which FOBT stakes are expected to come under fire. Breon Corcoran, Paddy Power Betfair CEO, was previously “ambivalent" about the...

Comment: What does Brexit really mean?

Betting Business UK Brexit
While Nigel Farage threatens to lead 100,000 anti-EU supporters down to the Supreme Court, Edward Lowton ponders whether forcing the Government to state its terms is the worst thing that could have happened. While the Brexiteers are planning to march on London to fight for the UK’s right to determine its own laws - ignoring the irony of this...