first_img Romania sets new 2% iGaming turnover tax Regions: Europe Central and Eastern Europe Romania Finance 4th January 2019 | By contenteditor Tags: Online Gambling Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Legal & compliance New tax for country’s online gaming licencees came into force from January 1 The Romanian government has introduced a new 2% monthly turnover tax for online gambling operators licensed in the country.Published late last month in Romania’s Official Gazette, Government Emergency Ordinance (GEO) 114/2018 requires operators to pay an additional 2% on iGaming turnover from January 1, 2019. The tax is payable by the 25th of the following month, meaning the first payment is not due until February 25.The tax will be imposed in addition to existing licence and authorisation requirements. Operators holding licences from national regulator Oficiul National Pentru Jocuri de Noroc (ONJN) currently pay a rate of 16% on gross revenue generated from Romanian players. However, despite the blow of facing additional taxes, the 2% rate is lower than the rates discussed in an initial version of the GEO in mid-December. At that time the government was considering a 5% tax on annual online gaming turnover, as well as a 3% annual turnover tax for companies operating land-based facilities in Romania.The original daft also set out plans to retroactively apply the new turnover tax on companies’ 2018 finance. However, criticism from across the industry led to the government switching to a monthly tax in the final GEO, which only applies to turnover generated from January 1 onwards.The published GEO 114/2018 also sets out measures for iGaming companies to pay an additional €5,000 (£4,500/$5,700) each year to operate in the country, while land-based operators will now pay an extra €1,000.In addition, the annual fixed fee for each slot machine in Romania will increase from €2,600 to €3,600. These additional payments will be used to fund the ONJN and ensure it can carry out its regulatory functions.Image: Santeri Viinamäki Email Addresslast_img read more

first_img H2 Gambling Capital and iGaming Business are pleased to bring you the LatAm iGaming Dashboard, featuring growth projections for the Latin American region. With markets such as Brazil and Argentina moving towards introducing regulation, and the Colombian market already open for business, gross win for the region is expected to almost double from 2019 to 2024.  Bingo Regions: LATAM Argentina Brazil Chile Colombia Panama Uruguay Tags: Card Rooms and Poker Mobile Online Gambling Slot Machines Subscribe to the iGaming newsletter LatAm iGaming Dashboard – April 2019 25th April 2019 | By contenteditor H2 Gambling Capital and iGaming Business are pleased to bring you the LatAm iGaming Dashboard, featuring growth projections for the Latin American region up to 2024.H2 estimates that interactive gaming gross win will reach €715.5m (£619.1m/$801.8m) in 2019, driven predominantly by the Brazilian and Chilean markets. Brazil, according to H2, will generate igaming gross win of €291.4m, despite the country’s lawmakers only just beginning work on developing a regulatory framework for online sports betting in the country.Recent years have suggested that the long-awaited roll-out of regulation in the region is finally happening. Colombia was the first to regulate igaming, which H2 believes will drive gross win to €94.6m for 2019.Argentina’s capital province of Buenos Aires passed igaming legislation in December 2018, with Governor María Eugenia Vidal then signing a regulatory decree in March this year. However H2 does not expect this to result in any significant growth in the country’s igaming market in the year ahead, with gross win expected to come in at around €42.9m.However, growth across Latin America is expected to be ramped up in the coming years, with regulation contributing to igaming gross win almost doubling to €1.37bn by 2024. This will again be driven predominantly by Brazil, which is expected to generate €744.5m of the total for the year, rapidly outstripping all other markets.H2 is also bearish on mobile in the region, estimating that the channel will account for just 23.4% of igaming gross win across all markets in 2019. It also expects mobile to be responsible for less than half of total market revenue (39.1%) by 2024.In terms of product, sports betting and lotteries will dominate the Latin American and Caribbean igaming markets in 2019, each accounting for 30.3% of revenue. Casino follows with a 23.5% share, with poker and bingo lagging behind on 8.2% and 7.7% respectively.H2 Gambling Capital is the gambling industry’s leading consulting, market intelligence and data team. The company has a track record of nearly 15 years focused on the global gambling industry, its projections have been influential in shaping legislators’  and investors’ views of the gambling sector across the globe. Topics: Casino & games Finance Legal & compliance Lottery Sports betting Bingo Poker Slots AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Email Address Casino & games Topics: Casino & games Legal & compliance Sports betting Poker Slots Regions: UK & Ireland GC to improve monitoring of gambling harm in minors Tags: Card Rooms and Poker Online Gambling Slot Machines The Gambling Commission of England, Scotland and Wales has set out a new framework designed to measure gambling harm among children and young people, while the regulator has also issued a reminder to operators that new rules for age and identity verification will come into force from next week. The Gambling Commission of England, Scotland and Wales has set out a new framework designed to measure gambling harm among children and young people, while the regulator has also issued a reminder to operators that new rules for age and identity verification will come into force from next week.Developed by Ipsos MORI in collaboration with the Commission, Advisory Board for Safer Gambling and GambleAware, the framework aims to cover the various types of harm associated with gambling at young ages.The framework splits potential harm into four domains: health, relationships, development and finance. These areas, and the various issues that they cover, were established through a number of methods, with input from young people, professionals from the gambling industry and those with experience working with younger people.Opinions recorded during an expert workshop with industry professionals and youth workers, as well as information gathered during focus groups with young people, allowed Ipsos MORI to develop the questions. These will now be included its annual Young Person’s Omnibus, an annual survey of school age children across the UK. The results of this are expected later this year.Once data from the survey has been collected, the Commission and its partners will work together to see which questions are most effective for the monitoring of children and young people who are gambling. The regulator will put these questions to 11-16-year-olds on a yearly basis to help establish the level of gambling-related harm in this age group.The report comes after the Commission last week published its new National Strategy to Reduce Gambling Harms, with a focus on improving prevention and education efforts and enhancing treatment and support.“Gaining a better understanding of the impact of gambling on children and young people is a key priority for the Commission,” Helen Rhodes, programme director for safer gambling at the regulator, said.“This newly released framework will provide critical insight into the range of harms that young people in Britain can experience and will help greatly in concentrating the National Strategy’s prevention and education initiatives where they will have the most impact.”Clare Wyllie, director of research and evaluation at GambleAware, added: “This initial framework is designed to help guide and focus research and action to reduce gambling harms in children and young people. We encourage other researchers to build further evidence to develop the framework, so together we can move faster and go further to reduce gambling harms.”Meanwhile, the Commission has issued a reminder to licensees that new rules for age and identity verification procedures in online gaming will come into effect next week.From May 7, operators that have not yet verified the name, address and date of birth of any customer will need to have completed verification before allowing them to gamble.Operators are not permitted to confiscate a customer’s funds on the basis that they have not provided ID by May 7. Last year, the Competitions and Markets Authority ruled consumers are legally entitled to money they have deposited in their account, as well as winnings made with money they have deposited and gambled, and winnings from a bonus where relevant conditions have been met. 3rd May 2019 | By contenteditorlast_img read more

first_img Topics: Sports betting Sports data provider Stats Perform has renewed two agreements with broadcaster BeIN for video betting rights related to the French Ligue de Football Professionnel (LFP) and Turkish Football Federation (TFF). AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Stats Perform renews football video deals for Watch&Bet Sports betting Email Addresscenter_img Sports data provider Stats Perform has renewed two agreements with broadcaster BeIN for video betting rights related to the French Ligue de Football Professionnel (LFP) and Turkish Football Federation (TFF).The LFP deal will run for a further five years while the TFF agreement represents a three-year extension. Both deals grant rights for official video to be distributed to licensed global sportsbook operators via Stats Perform’s Watch&Bet service.Under the LFP deal, more than 800 live football matches per season will be made available through Watch&Bet video feeds, including Ligue 1, Ligue 2, Coupe de la Ligue and Trophee des Champions.The extended deal builds on a long-term relationship between Stats Perform and the LFP, with the football body already counting RunningBall as its official data partner and Stats Perform serving as the official tracking partner of the LFP for media and team performance.Meanwhile, the TFF deal will permit Stats Perform to offer over 600 matches per season from the Turkish Super and TFF First League via Watch&Bet.“We are delighted to have extended our partnership with BeIN and to continue to bring these two exciting competition packages to our global betting partners and their customers,” Stats Perform’s chief rights officer Alex Rice said.“This renewal gives us the ability to offer global betting partners and their fans deeper coverage of their favourite leagues and players, and an extensive offering with the LFP. We are committed to enhancing the video experience with new features in order to deepen viewer connection to the game, its teams and players.”The LFP and TFF live streams will now join over 100 other competitions in Stats Perform’s Watch&Bet portfolio.Earlier this month, Stats Perform also entered into a global betting video and data partnership with the Argentine Football Association (AFA). Stats Perform will collect and distribute data from certain competitions governed by the AFA including the Superliga Argentina, Copa Superliga Argentina and Argentina Cup. Regions: Europe Central and Eastern Europe Western Europe Turkey France 1st October 2019 | By contenteditor Subscribe to the iGaming newsletterlast_img read more

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Austria’s Financial Police have carried out a total of 278 inspections on suspected black market gambling venues since January, resulting in the confiscation of over 660 gaming machines. Over half of the seized machines were found in the nation’s capital, Vienna.In a statement today (28 July), Austria’s financial police set out the progress it has made this year towards a reduction in illegal gambling in the country. It made clear that the majority of illegal gambling activity is taking place in larger urban centres such as Vienna and Linz, something that it described as “concerning”. Over €13m in fines has been issued this year in the capital alone; however illegal gambling is also highly active in the Linz area; between January and June, 123 machines were seized in Upper Austria.The latest series of raids saw 38 machines confiscated across Upper Austria, including from a restaurant which was inspected seven times in seven weeks. A total of 20 machines have been confiscated from this venue alone since May.In rural areas, however, illegal gambling has been largely reduced – for example, in the states of Burgenland, Styria and Vorarlberg combined, only two devices have been found since January.Commenting on the progress, Austria’s finance minister, Gernot Blümel said: “I congratulate the colleagues from the financial police on these remarkable successes. Illegal gambling is now concentrated in the metropolitan areas and – thanks to the excellent work of the financial police – is no longer active across the country.”“The fight against organised illegal gambling will of course continue to protect players. The ‘gambling mafia’ benefits from people’s addiction and destroys their finances, so we must show absolutely no tolerance here.”Finance minister Blümel called this year for the creation of an independent gambling regulator for Austria, taking responsibility for the activity away from the treasury.This intervention took place after the Austrian gambling trade association, the Österreichische Vereinigung für Wetten und Glücksspiel (ÖVWG) called for an end to Casinos Austria’s monopoly. This came in the wake of corruption allegations related to its appointment of Peter Sidlo as shareholder Novomatic’s chief financial officer. Novomatic has since sold its stake in the business to Czech gaming giant Sazka Group. Tags: Slot Machines 28th July 2020 | By Conor Mulheir Casino & games Austrian authorities warn of urban illegal gambling rise Austria’s Financial Police have carried out a total of 278 inspections on suspected black market gambling venues since January, resulting in the confiscation of over 660 gaming machines. Over half of the seized machines were found in the nation’s capital, Vienna. Subscribe to the iGaming newsletter Topics: Casino & games Legal & compliance Slots Regions: Europe Western Europe Austria Email Addresslast_img read more

first_imgThe business aims to differentiate from the competition by offering an immersive experience, driven by personalisation, engagement mechanics and strong customer service.  Subscribe to the iGaming newsletter PlayStar is a start-up founded by Joel Wikell, an industry entrepreneur who previously founded igaming software developer Boss Media.  Online casino Online casino start-up PlayStar Gaming is preparing to launch in New Jersey’s igaming market, after sealing a market access deal with Atlantic City’s Ocean Casino Resort. 2nd February 2021 | By Robin Harrison Read the full story on iGB North America. PlayStar partners Ocean Resort for NJ market access Tags: Ocean Resort Casino PlayStar Gaming Regions: US New Jersey AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “For me, it is great to be back in the game as I founded Boss Media in the mid-nineties and brought many of the earliest online casinos to life,” he said. “To get back in at this time when the technology and possibilities have advanced so much, is genuinely exciting. And we’re looking forward to doing it all over again.” Topics: Casino & games Land-based casino Online casino The operator plans to roll out its PlayStar Casino brand in the state in the fourth quarter of 2021, with a view to expanding into additional states in the following year.  Email Addresslast_img read more

first_img“During the pandemic, many venues and activities that would typically take cash payments were not open, but their customer-base never left. These are people who still prefer to pay by cash wherever possible, for privacy, self-control and security reasons. CashtoCode also added more than 100 new merchants to its platform and can now be used by customers across 150,000 retail locations in Europe. CashtoCode reveals new senior leadership team The triple appointment comes after a record 12 months for CashtoCode, which saw revenue grow by 500% during 2020. Machmeier previously served in senior roles at both Gameforge and Audi, while Lebenbauer worked for the likes of Tipico and KaFe Rocks. Regions: Europe Bader has worked in the payments industry for a number of years, helping to co-found MuchBetter/MIR and serving as chief commercial officer at both Secure Trading and paysafecard. “Many have not switched to online banking, but have instead utilised services like ours to pay with cash for their online activities.” CashtoCode, an instant cash payment service for online merchants, has announced a series of changes to its senior leadership team, including the appointment of Jens Bader as its new chief executive. “CashtoCode offers a second life to cash, which remains hugely popular despite the growth of card, open banking and online payments,” Bader said. “We enable merchants to target a market sector that they couldn’t reach without an instant cash deposit partner.center_img Tags: CashtoCode AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 10th March 2021 | By Robert Fletcher Subscribe to the iGaming newsletter People moves Topics: People Tech & innovation People moves Payments Christian Machmeier will take on the role of chief technology officer as part of the new setup, while Patrick Lebenbauer will become director of global marketing. Email Addresslast_img read more

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 29th March 2021 | By Marese O’Hagan Regions: UK & Ireland “Our cutting-edge features will allow operators to offer their players a brand-new experience. I am positive that our sportsbook platform will be met with long-term market success. The United Kingdom is an extremely competitive landscape and we are ready to be part of it.” Licensing Sportsbook platform provider BtoBet has announced that its sportsbook platform has been certified by the Great Britain Gambling Commission, meaning operators in the GB market can now use its technology. Britain is the latest addition to the compliant territories BtoBet’s sportsbook is available in, joining countries such as Argentina, Sierra Leone and Poland. Topics: Legal & compliance Licensing Product & technology Sports betting regulation At the time, Aspire chief executive Tsachi Maimon highlighted BtoBet’s sports betting platform as a key reason why his business made the deal. In October 2020 BtoBet was acquired by Aspire Global for €20m (£18.3m/$23.6m). The deal consists of €15m in cash at the closing of the deal, then a further €5m more twelve months after the deal closes. Subscribe to the iGaming newsletter Email Address “We are enthused that we have been certified in the United Kingdom and are now able to start operations there.” Dima Reiderman, chief operating officer at BtoBet, said. BtoBet lands GB certification for own sportsbook platform The supplier said that the platform’s feature of gathering data from individual users’ play means operators can offer a customised betting experience and targeted gaming experiences for players.last_img read more

first_imgIt also provides quarterly figures on the Spanish online market in the Spain iGaming Dashboard and the Portuguese market in the Portugal iGaming Dashboard. According to figures supplied by Ficom Leisure to iGB, revenue across all online verticals ticked up 4.6% from January to €351.2m, just behind the record set in December 2020. Compared to February 2020 – the last month before Italy went into lockdown – revenue was up 94.8%. The closure of all retail betting shops across the country played a large role in this growth, but online betting revenue was also up 29.4% from January, which also had no retail betting. 8th April 2021 | By Daniel O’Boyle PokerStars continued to dominate the market, but its share of tournament revenue slipped below 50% for the first time since iGB started publishing data in 2017. This came as Sisal, Snai, Eurobet and E-Play 24/7 all saw their market shares increase. Email Address Finance Poker revenue was down from the prior three months but still well above February 2020, with tournaments bringing in €9.8m, up 43.4% year-on-year, and cash games €6.7m, up 33.5% In cash games, PokerStars increased its market share from January to 44.4%, with Lottomatica a distant second and third with 6.8% and 6.3% of the market, respectively. All data and figures from the regulator are processed by leading European corporate advisory firm Ficom Leisure, a specialist in all segments of the betting and gaming sector. Bet365, PlanetWin365, Snai, Eurobet, Goldbet and Sisal remained the six largest operators with more than 10% of the online betting market each, but there was significant change within that group. Goldbet became the market leader again, after holding that spot in December, with Sisal and Snai following, while Bet365 dropped from third to sixth. Tags: Ficom Leisure That month-on-month revenue growth was due mostly to a significant increase in sports betting revenue to a record high of €185.5m, as betting made up more than half of Italy’s total online revenue. Turning to online casino, revenue was down 12.3% month-on-month but up 83.1% year-on-year to €143.0m. While in absolute terms this was the third-best month ever for online casino in Italy, the vertical had its lowest share of revenue since December 2017 at 40.7%. Subscribe to the iGaming newsletter Even without any revenue from the retail sector, overall sports betting revenue was level with February 2020, as the vertical recorded its second-best month since the first lockdown began, behind October 2020. Record sportsbook performance helps Italian igaming revenue hit €351.2m in February Italy’s igaming market experienced its second-best month ever in February 2021, thanks to record online sports betting revenue at a time when retail betting shops were closed. PokerStars remained the top operator, though its share of revenue fell to 10.4%, while Sisal closed the gap as its market share grew to 9.5%. Snai, 888 and Lottomatica followed with more than 7.5% of revenue each. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Finance Sports betting Online casino Poker Slots Online sports betting Ficom Leisure also provides monthly figures on the New Jersey online market in the New Jersey iGaming Dashboard, Pennsylvania in the Pennsylvania iGaming Dashboard and Iowa in the Iowa iGaming Dashboard, all of which are available on iGB North America. Regions: Europe Southern Europe Italylast_img read more

first_img Churchill Downs Incorporated (CDI) returned to profit in Q1 of 2021 as revenue grew 28.2% year-on-year to $324.3m, thanks to the acquisition of new race courses and the continued growth of the operator’s online division. Breaking this figure down further, CDI’s racino at the Fair Grounds racetrack in New Orleans brought in more gaming revenue than any other site, at $38.3m, up 21.2%. Presque Isle in Maine followed, even though revenue declined to $23.8m. Ocean Downs, Riverwalk and Harlow’s Casinos also saw revenue increase, while it declined at Calder Casino, Oxford Casino and Lady Luck Nemacolin. Churchill Downs Incorporated returns to profit in Q1 22nd April 2021 | By Daniel O’Boyle Read the full story on iGB North America AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Almost half of CDI’s revenue came from land-based casino gaming away from the Churchill Downs site, up 4.1% to $152.0m from the first quarter of 2020, the final weeks of which were impacted by the novel coronavirus (Covid-19) pandemic. center_img Topics: Casino & games Finance Sports betting Land-based casino Online casino Q1 results 2021 Horse racing Finance Regions: US Kentucky Tags: Churchill Downs Incorporated The recently rebranded TwinSpires online division, meanwhile, saw revenue increase 44.7% to $99.7m. The vast majority of this came from horse racing, which brought in $92.7m, up 39.2%, while sports betting and casino gaming contributed the remaining $7.0m, up 180.0%. Email Addresslast_img read more