BEST OF THE BROKERS

first_img Tags: NULL BEST OF THE BROKERS Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search AdsUndoFlight 10Secret Car Features Most Don’t Realize Their Car Is HidingFlight 10UndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Show Comments ▼ ITVNomura rates the media group “buy” with a 115p target price. The broker notes recent press coverage claiming that Simon Cowell might not appear in the X Factor until the final show of the next series, but argues that the show might not suffer severely as a result. It points to the American Idol series, which lost 12 per cent of its audience after Cowell left. Nomura predicts a worst-case drop of five per cent in advertising revenue if he quits.NATIONAL GRIDJP Morgan Cazenove rates the energy group “overweight” with a target price of 610p. The broker says it is reassured by a recent meeting with the president of National Grid US, who is focusing on improving the branch’s performance through $200m cost cuts and a better cost allocation process. JPM expects strong results on 19 May, and has predicted earnings per share of 50.9p – around three per cent ahead of consensus estimates.TESCOJefferies rates the supermarket “hold” with a target price of 450p. The broker expects Tesco to report solid results next week, the firm’s first set of full-year figures since new chief executive Philip Clarke joined. It expects five per cent underlying growth in the UK, compared to growth of up to 20 per cent growth overseas, and some indication of Clarke’s plans for the firm. KCS-content center_img Wednesday 13 April 2011 7:44 pm whatsapp whatsapp Share More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comConnecticut man dies after crashing Harley into live bearnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comlast_img read more

Sports leagues hit in New Jersey betting bill

first_img Regions: US New Jersey New York Sports leagues hit in New Jersey betting bill 5th June 2018 | By contenteditor Email Address New Jersey has advanced a bill to legalise sports betting but opted not to include integrity measures requested by professional sports leagues in the US Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter New Jersey has advanced a bill to legalise sports betting but opted not to include integrity measures requested by professional sports leagues in the US.The National Basketball Association (NBA), National Football League (NFL) and Major League Baseball (MLB) have rallied for bills to feature clause whereby the leagues receive a share of gambling revenue.The leagues have said that they require additional funding to expand their anti-corruption efforts now that the US sports betting market is expanding.States are now permitted to legalise sports betting after the Supreme Court voted to repeal the federal 1992 Professional and Amateur Sports Protection Act (PASPA).Last week, Delaware became the first state to legalise sports betting after the Supreme Court ruling on PASPA and is due to launch a regulated service today (Tuesday).However, New Jersey, which led the effort to overturn PASPA, has opted against including the requested measures in its bill, which is expected to move the full legislature for a likely vote on Thursday, according to Reuters.The bill does not require New Jersey casinos to share real-time game data, nor does it request state regulators or casinos to share information with leagues if they learn that a game is fixed.Bryan Seeley, head of investigations, compliance and security at MLB, said the bill “does not give us the tools we need to protect our national pastime”.However, in response, New Jersey Assemblyman Ralph Caputo, who heads the state Assembly’s gaming committee, said: “The tool you’re looking for is money; that’s not going to happen.“You guys are in it to make money. This is hypocrisy to the fullest extent.”Meanwhile, New York Assemblyman Gary Pretlow has submitted a bill for the potential legalisation of sports betting in the state, pledging to pay a ‘royalty’ to sports leagues. The latest version of the bill features a clause to pay professional sports leagues a share of betting revenue, but refers to this as a ‘royalty’ instead of an ‘integrity fee’ as suggested by sports leagues. Topics: Finance Legal & compliance Sports betting According to an advance copy of the legislation obtained by PlayUSA.com, the bill states leagues would need to submit a claim for this royalty by April 13 each year. The leagues must also meet with the state’s gambling commission within 30 days of submitting the claim to provide “evidence of policies, procedures and training programs it has implemented to protect the integrity of its sports events”. This process differs to an earlier draft bill set out by Senator John Bonacic, who had suggested leagues be given royalties without the need for further activity. Pretlow’s bill also drops a requirement for an annual report on usage of the fees that is subject to audit by the commission, but does include sports governing bodies registered to obtain the fee must have their headquarters in the US. New York is hoping to pass sports betting legislation before a scheduled adjournment of the legislature on June 20.Related articles: Delaware legalises sports betting US sports betting ban overturned Financelast_img read more

Indiana betting bill progresses but faces further hurdles

first_img A complex gambling bill that includes the introduction of sports betting has been approved by Indiana’s Senate Public Policy Committee, but the legislation is likely to face multiple amendments before the end of the US state’s legislative session in April.Senate Bill 552 would allow the state’s casinos to place bets on professional and college sports as early as next year.However, with several other issues bundled into the bill – including applications for a Terre Haute casino licence and a possible inland relocation of the city of Gary’s Lake Michigan casino, there are concerns that complications could lie ahead despite the committee giving their unanimous support.Senate Public Policy Committee chairman Ron Alting has labelled the bill as representing the biggest overhaul since lawmakers voted in 1993 to allow riverboat casinos on Lake Michigan and the Ohio River, while Republican house speaker Brian Bosma warned that the bill comprises “a very large expansion of gaming”.However, the bill’s sponsor, Republican Senator Mark Messmer countered: “With no additional licenses and no additional table games, I don’t know how you can call it an expansion of gaming”.Observers have noted that less complex gambling proposals that have been tabled over the past quarter of a century have either taken years to secure approval or have failed to clear the necessary hurdles.It emerged late last year that Indiana lawmakers were keen to explore possible sports betting after neighbouring states Illinois, Pennsylvania and West Virginia made their own legislative moves in the wake of the Supreme Court overturning PASPA last May.Under the bill’s current incarnation, the state’s casinos would be allowed to offer sports betting in person or online to punters who are at least 21 years old. Additionally, live table games would also be allowed at racetracks from as early as this year.Wagers would not be allowed esports, with betting on high school or youth sports events also prohibited.A state-commissioned study by research firm Eilers and Kejcik has previously indicated that Indiana could expect consumers to place more than $250m (£195m/€219.5m) in sports wagers each year.The bill’s co-sponsor, Senator Jon Ford of Terre Haute, said that tax revenue estimates for sports betting would be between $3m and $18m per year.However, the bill’s supporters have underlined the potential marketing benefits of allowing sports betting for the state’s casinos, which have experienced a downturn in recent years.The state’s casino tax income fell from $680m in 2010 to $442m last year, official figures have shown.Moreover, two of the biggest sports properties in the state – the Indianapolis Colts NFL American football team and Indianapolis Motor Speedway, which hosts the annual Indy 500 motor-racing event – are among those to support the bill. Sports betting Indiana betting bill progresses but faces further hurdles 11th February 2019 | By contenteditor A complex gambling bill that includes the introduction of sports betting has been approved by Indiana’s Senate Public Policy Committee, but the legislation is likely to face multiple amendments before the end of the US state’s legislative session in April. Email Addresscenter_img Regions: US Indiana Subscribe to the iGaming newsletter Topics: Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Crunch time in New York

first_img Regions: US New York Horse racing Online sports betting advocates have until April 1 to convince a reluctant Governor Andrew Cuomo to include mobile sports betting in the state budget. Senator Joseph Addabbo Jr tells iGamingBusiness.com why a market restricted to in-person wagering would be a mistake. 28th March 2019 | By contenteditor Email Address Online sports betting advocates have until April 1 to convince a reluctant Governor Andrew Cuomo to include mobile sports betting in the state budget. Senator Joseph Addabbo Jr tells iGamingBusiness.com why a market restricted to in-person wagering would be a mistake.iGamingBusiness.com was speaking to Senator Joseph Addabbo on Tuesday, March 26. He has only until Monday, April 1, to win the fight to have online and mobile sports betting included in the state budget for the 2019-20 fiscal year.While Addabbo has filed a separate bill to legalise online, mobile and land-based betting, as well as one legalising online poker, his current focus is on convincing Cuomo to include a mobile component in the budget.“We already have gaming in our state – we’ve had it for decades,” Addabbo says. “We even have people crossing the border into New Jersey so it’s already accessible.“And currently it’s revenue we’re losing out on, and a form of recreation we’re denying our citizens. I think we can address the addiction issue while still allowing citizens to enjoy sports betting.”Should revenue from mobile wagering be included in the budget, it would effectively become a policy matter, potentially boosting support for regulatory proposals in each legislative chamber.However, Cuomo has resisted such calls to date, arguing that it would not generate significant additional revenue for the state, and even casting doubt on whether it would be possible without a constitutional amendment.Addabbo disagrees, however. The Senator argues that currently around $9bn is generated through illegal sports betting in the state, “which doesn’t appear on many tax returns”, he adds.The revenue argument While legalised land-based wagering may capture a percentage of that market, he says, it would do little to attract those already betting online via illegal offerings.Yet with New York facing a budget shortfall of around $2.3bn – something Cuomo has blamed on federal income tax cuts – there is a pressing need to find additional sources of revenue.“The idea here is that we are trying to demonstrate to the governor the need for revenue in our state,” Addabbo says of the fight to have mobile wagering included in the budget. “A percentage of our gaming revenue goes towards our education budget, so it would be substantially increasing funding for education as well as creating new jobs, and protecting existing jobs.“We’re going through the process of convincing the governor that this is the way to go,” he continues. “We have also pointed out that neighbouring states, such as New Jersey, are doing very well [having launched mobile wagering].”He estimates that state coffers could benefit to the tune of $100m in tax revenue from legalised mobile wagering, taking a significant chunk out of the deficit. This figure could be increased further with the inclusion of licence fees, which have been set at $15m in a Senate budget proposal. With four licensed casinos in the state, this could see an additional $60m raised.Assemblyman Gary Pretlow, the main driver of gaming expansion efforts in New York’s lower legislative chamber, has said he believes the best prospects for mobile wagering lie in shepherding a bill through the Assembly and Senate. However, Addabbo believes it’s “rational” to include measures in the budget, which he describes as “the main hope” for legislation to pass.Ultimately, Addabbo says, New York would be “barely scratching the surface” of the state sports betting market if legislation passes without a mobile component.“If you look at New Jersey it’s up to about 78% and rising in terms of the mobile [and online] component,” he says. “We are so attached to our phones and to our laptops, and I think the bottom line is if we don’t do the mobile component, we’re not really doing sports betting.”However, the fight is not a case of Addabbo’s unstoppable force meeting Cuomo’s immovable object.One hurdle cleared Progress has already been made on the issue of whether a constitutional amendment is required to facilitate mobile wagering, largely due to the fact that such an amendment, which may take up to three years to pass, appears to be unnecessary.This centres around the 2013 amendment permitting the establishment of new commercial casinos in upstate New York, which was amended to permit on-premises sports betting if the Professional and Amateur Sports Protection Act (PASPA) was struck down, paving the way for land-based sports betting regulations.“I believe based on our current language we have cleared the constitutionality issue,” Addabbo says. The language in the constitution requires all bets to be placed at the state’s licensed casinos.“Once we put the servers, the actual technology, on the site of our existing licensed casinos, the server is actually where the bet takes place, satisfying our constitutional language,” he explains. “If we are in any other part of the state, the bet is placed where it is received. I believe we have convinced the Governor of that point.”It is, as Addabbo says, “crunch time” in the fight for mobile wagering to be included in the state budget. However, he is unlikely to be deterred by any setbacks, with a legislative proposal, Senate Bill 17 (S00017), filed in January and assigned to the Racing, Gaming and Wagering Committee.Addabbo chairs this committee, having taken over the role from the now-retired Republican Senator John Bonacic after the 2018 midterm elections. Having worked with Bonacic on gaming matters for years, he is determined to deal with the “unfinished business” of mobile wagering regulations.So should Cuomo prevail and mobile wagering be left out of the state budget on 1 April, efforts will shift to leading S00017 through the legislature, starting on 2 April.It sets out an 8.5% gross revenue tax rate, as well as proposing a so-called royalty fee of 0.2% of each operator’s handle, which is to be distributed to the US professional sports leagues.Yet Addabbo is also wary of further roadblocks ahead, admitting that the Department of Justice’s revised stance on the Wire Act could have “a major ripple effect” on regulated gaming across the US.“With the transferring of information becoming second nature, part of everyday life, any adjustment to the Wire Act will have a major effect,” he says.Despite this, and despite the DoJ issuing a spirited defence of its stance in a motion to dismiss a challenge filed on behalf of the New Hampshire Lottery, he says there is potential for legal challenges to force a change.Whatever happens, however, it seems unlikely that he will be deterred in his efforts to bring online betting and gaming to New York residents.“There’s a momentum growing down the East Coast and the states that surround us are doing well or will do very well, [from legal mobile and online wagering],” he says. “To sit on the sideline and watch the opportunity go by would not be the right direction for our state.“If we do it right, protecting the consumer and the sport itself, I think we would do very well with it,” Addabbo explains. “I don’t mind the slow, methodical analysis of it but hopefully that analysis will prove that we can and should do this.” Crunch time in New York Tags: Mobile Online Gambling OTB and Betting Shops Race Track and Racino AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Topics: People Sports betting Horse racinglast_img read more

Rush Street rolls out Evolution content in Colombia

first_img Live dealer gaming specialist Evolution Gaming has announced an extension of its relationship with Rush Street Interactive (RSI), through the launch of its First Person product range for the operator’s Colombia-facing brand RushBet.co. Regions: LATAM Colombia Subscribe to the iGaming newsletter Topics: Casino & games Tags: Mobile Online Gambling Casino & games Live dealer gaming specialist Evolution Gaming has announced an extension of its relationship with Rush Street Interactive (RSI), through the launch of its First Person product range for the operator’s Colombia-facing brand RushBet.co.Customers will gain access to First Person Roulette, Lightning Roulette, Blackjack, Dream Catcher, Baccarat and Mega Ball — all Random Number Generator versions of Evolution’s live dealer games, which allow customers to experience the games virtually from a first-person perspective, as they would in a land-based environment.The new additions will be rolled out gradually over the coming weeks for RushBet customers on desktop, tablet and smartphone.It builds on a relationship between the businesses dating back to 2018, when Rush Street launched Evolution live dealer content in the New Jersey market.“RSI partnered with Evolution Gaming because we wanted to offer our RushBet.co players in Colombia a premier live casino mobile playing experience,” Rush Street Interactive president Richard Schwartz said. “The breadth, variety and innovation of the Evolution games portfolio, and the Evolution services and operational excellence that surround it, give us full scope to achieve that objective.”Sebastian Johannisson, chief commercial officer at Evolution Gaming, added: “We are delighted to be growing our relationship with Rush Street Interactive, who are at the leading edge of gaming industry convergence, constantly innovating and pushing boundaries. Evolution shares the same ethos, and we look forward very much to building on the successes we have achieved together to date.”Colombia legalised live dealer games in April this year, and regulations were brought forward by regulator Coljuegos in May.The tax revenue from gaming in Colombia contributes towards the country’s healthcare system, and the government is therefore keen to reduce the impact of the novel Coronavirus (Covid-19) pandemic on the local gaming industry. The legalisation and regulation of live dealer casino games was followed by the authorisation of scratchcards and video-bingo in June, in an attempt to diversify the market and shore up revenue. Evolution Gaming this week made a bid of over SEK19.6bn for slots giant NetEnt in an attempt to strengthen their position in the US market. According to the company’s interim financial report for the first quarter of 2020, operating revenue was up 45% year-on-year, with EBIDTA increasing by 79%. 25th June 2020 | By Conor Mulheir Rush Street rolls out Evolution content in Colombia AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

SIS expands into number games with 49’s acquisition

first_img29th June 2020 | By contenteditor Casino & games Betting services supplier Sports Information Services (SIS) has expanded into the number games market with the acquisition of the full shareholding of draw-based and virtual sports developer 49’s from GVC Holdings and William Hill. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Betting services supplier Sports Information Services (SIS) has expanded into the number games market with the acquisition of the full shareholding of draw-based and virtual sports developer 49’s from GVC Holdings and William Hill.Terms of the deal, which will see SIS take ownership of 49’s full range of fixed-odds number games, were not disclosed.SIS will also take over the virtual horseracing brands Portman Park, Sprint Valley and Steepledowns, as well as the virtual greyhound brands Brushwood and Millersfield.The supplier said the acquisition of 49’s is a “perfect strategic fit” for its product portfolio, adding that it is also in the process of developing a range of new numbers and virtual content that will sit under the 49’s brand umbrella. It has already worked with the supplier for a number of years, most recently agreeing an extension to this relationship in April 2018, offering the games as part of its racing coverage in Great Britain and international markets.“49’s has a long history of supplying high quality, market-leading content to UK and Irish bookmakers and the product range is much loved by consumers,” SIS chief executive Richard Ames said.“Over recent years, SIS has successfully extended the brand worldwide and it makes perfect sense to now take the further step of acquiring the business. We have great plans for the brands and will announce shortly a range of new and extended products as part SIS’ numbers product strategy.”49’s chairman Mike Jones added: “We’ve worked in partnership with SIS for the last 20 years and they are uniquely positioned to be able to further expand the 49’s brand internationally.“We look forward to seeing how they build on the excellent work the team has done over the last few years to position 49’s as a leading numbers product.” The acquisition comes after SIS earlier this expanded its horse racing portfolio through agreements with Czech racetrack operator LAB, and Kincsem Park, the home of Hungarian racing.The deals see SIS become the exclusive distributor of live pictures and data of horse races in the two countries. SIS’s operator partners will benefit from at least 300 races per year from four of the Czech Republic’s biggest racecourses, and 265 races per year from Hungary’s Kincsem Park. Tags: Online Gambling Video Gamingcenter_img Email Address SIS expands into number games with 49’s acquisition Topics: Casino & games Lottery Sports betting Strategy Video gaming Subscribe to the iGaming newsletterlast_img read more

Norsk Rikstoto sees turnover rise despite Covid-19 crisis

first_imgFinance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter 20th July 2020 | By contenteditor Topics: Finance Sports betting Norwegian horse racing monopoly Norsk Rikstoto has reported a year-on-year increase in turnover during the first half of the despite being impacted by the novel coronavirus (Covid-19) pandemic.Total turnover for the six months through to 30 June amounted to NOK1.79bn (£153.3m/€168.6m/$193.2m), which was a rise of 5.7% from NOK1.69bn in the same period last year.Digital channels were again the primary source of income for Norsk Rikstoto, with the monopoly reporting NOK1.32bn in turnover from online and mobile, up 19.1% from H1 of 2019.However, turnover from commission fell 15.3% year-on-year to NOK457.8m, while on-course turnover dropped 71.7% from NOK45.2m to NOK12.8m. This was primarily due to the suspension of Norwegian trot and gallop racing from 13 March to 19 April due to the pandemic.As such, with less Norwegian racing for customers to bet on, Norsk Rikstoto said the percentage of turnover from betting on overseas racing increased during the period.Despite reduced betting options, Norsk Rikstoto said that the number of active customers remained stable in the first half, while it saw some growth in terms of new players.Meanwhile, the monopoly noted that it distributed NOK218m to the equestrian sector in the first half, in line with the requirements set out in its licence. Funds were split between a number of causes, including racing tracks, prize money and jockeys.The operator also implemented a series of initiatives to help mitigate the impact of the Covid-19 pandemic, including partially or wholly laying off up to 70% of its workforce.All projects were also suspended during the peak of the pandemic, except for its statutory licensing requirements.During the period, it was also revealed that the Norwegain government had ruled Norsk Rikstoto should retain its status as the horse racing betting monopoly in the country after its current concession expires in 2021.The government had been considering transferring the monopoly from Norsk Rikstoto to national lottery Norsk Tipping when the former’s rights to organise wagering on racing conclude at the end of next year.center_img Norwegian horse racing monopoly Norsk Rikstoto has reported a year-on-year increase in turnover during the first half of the despite being impacted by the novel coronavirus (Covid-19) pandemic. Norsk Rikstoto sees turnover rise despite Covid-19 crisis Regions: Europe Nordics Norway Email Addresslast_img read more

YGAM calls for more player involvement in regulatory change

first_img The founders of the Young Gamers and Gamblers Education Trust (YGAM) have argued in favour of a more diverse range of players being involved in experts by experiences initiatives, going beyond those that have suffered gambling related harm.Its chief executive and co-founder Lee Willows (pictured) explained this approach would make the process of developing new safeguards fully inclusive, by forming a broader picture of different gambling experiences to inform decision-making.Experts by experience initiatives bring together groups of people with lived experience of an industry, product or issue, to have a say in the development of public policy or safeguards. For gambling, this has traditionally seen those that have suffered gambling related harm involved.The Gambling Commission, for example, has formed an interim experts by experience group to provide advice, evidence and recommendations to help inform decision-making and raise standards.This group has already provided insight into elements such as stake limits, marketing and responsible game design, with the regulator planning to establish a permanent advisory body.“It is pleasing to see more contributions made from people with direct experience of the tragic harm that gambling can cause some individuals, such as the YGAM founders,” Willows said. “Lived experience, or what the Commission is terming ‘experts by experience’ is a really important part of the conversation.”“Personally, as someone who lost everything to a gambling addiction, I am always grateful for the opportunity to contribute my insight and experiences as such a level of inclusion would have been unheard of five years ago.”However, he argued that a broader base was needed to leverage individuals’ personal insight, knowledge and understanding in guiding change. Willows explained that lived experience must include “a chorus of different voices” representing the wider player spectrum, rather than only those that had experienced gambling distorder.“Surely it’s important to understand how and why the vast majority of people who gamble can do so without experiencing a problem, as well as the reasons why some will develop significant and profound gambling related problems?“If we accept the vast majority of people gamble within their means and with no adverse consequences, then understanding why this happens is just as useful as understanding why people like I cannot,” he said. “By taking this much broader approach it would be amazing if different people within the debate can find some common themes to focus on and move forward in a progressive and non-judgemental way.”Another YGAM founder, Anne Evans, added that efforts to tackling gambling related harms were moving in the right direction, with “some extremely talented people” working to make a difference.“There will always be a wide spectrum of opinions on what needs to be done to reduce gambling harms and all these views should be welcomed,” she said. “There is no perfect solution. We need a diverse spread of perspectives to engage in the debate. We must respect all the different views and always be kind.” YGAM calls for more player involvement in regulatory change The founders of the Young Gamers and Gamblers Education Trust (YGAM) have argued in favour of a more diverse range of players being involved in experts by experiences initiatives, going beyond those that have suffered gambling related harm. 31st July 2020 | By contenteditor Subscribe to the iGaming newsletter Regions: UK & Ireland AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Legal & compliance People Tags: Online Gambling Legal & compliance Email Addresslast_img read more

BetGames.Tv signs Ganabet Mexico deal

first_imgHumberto Anaya Pacheco, risk and business intelligence manager at Ganabet.mx, added: “In the current climate, it’s more important than ever to offer players a comprehensive casino product and this partnership with BetGames.TV will ensure that we can deliver more premium content to them. The deal went live last month and has seen Ganabet deliver several of BetGames’ products including Wheel of Fortune, 6+ Poker and War of Bets “Ganabet.mx is a progressive operator giving players one of the best casino experiences in the region. It’s a natural move for them to bolster their live dealer vertical and we look forward to building a successful relationship in the coming years.” BetGames said it has seen bet counts surge by 300% across Latin America in 2020 to date, and has recently signed partnership agreements with several operators in the region. Subscribe to the iGaming newsletter Email Address BetGames has also expanded its footprint globally, striking deals with industry suppliers SBTech and Nsoft, in April and August respectively. Topics: Casino & games Live dealer “Our live dealer titles continue to entice players looking for a more engaging casino experience, and we’re very confident that our products will help Ganabet.mx drive retention and acquisition, and in turn, more betting volume and profitability,” BetGames.Tv sales director for Latin America Eddie Morales said. “Many players have jumped from sports betting to casino in recent months, but they often demand something more than RNG-based titles. BetGames.TV’s live dealer games provide that bit more, delivering engaging content with a human element.” Playtech veteran Andreas Köberl recently joined the supplier as its new chief executive, after leading up Playtech’s Trinity Bet Group, which operates the Germany and Austria-facing sportsbook, HPYBET. Live dealer gaming supplier, BetGames.Tv, has formed a partnership with Mexican online operator Ganabet.mx, to offer its full product suite to the operator. Regions: LATAM Mexico 6th October 2020 | By Aaron Noy AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Several of the industry’s major players have entered the Mexican market in recent years, including online operators 1xBet, bet365 and Addison Global, though the latter has since gone out of business. Suppliers such as PlayAGS, Scout Gaming and Kiron have also formed partnerships to bring them into the market. BetGames.Tv signs Ganabet Mexico deal Live dealer In August, it signed a deal with Doradobet whose operation serves players in Peru and Central America. This came after a partnership in July with Apuesta Total, another of Peru’s most popular operators.last_img read more

Ukraine committee approves 10% tax rate for all forms of gambling

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Ukraine’s Committee on Finance, Tax and Customs Policy has at long last approved a gambling tax bill for the country, setting a flat 10% rate for all forms of gambling. This bill initially proposed a 5% GGR tax on bookmaking, 10% for online gambling and for lotteries and 12.5% for slot machines. However, the committee opted for a single rate on all verticals instead. In addition, gambling winnings of more than eight months’ minimum wage (currently UAH48,000) will be taxed as income. Operators will also be required to pay an 18% general corporate tax rate Prior to 2713-D, the country had introduced four other tax bills setting different rates of gambling taxes. Ukraine committee approves 10% tax rate for all forms of gambling The country’s Gambling Act had also previously required that online betting and gaming licence fees start out three times higher than normal, and would only be lowered once an online player monitoring system is put in place. However, the new tax bill abolishes that requirement. The committee considered bill 2713-d, put forward by committee chair Oleg Marusyak, to complement the Gambling Act that legalised various forms of gambling in Ukraine and was signed into law in August 2020.  The Rada will still have to approve the new tax bill, after which it may be signed into law. Legal & compliance Topics: Legal & compliance Legal Regulation Even though the bill has not come into effect, Ukraine’s Gambling Commission (KRAIL) has already approved the country’s first licences, to online operators Spaceiks , which operates the Cosmolot brand, and Parimatch. These operators must pay licence fees before the licences are officially granted, though. Regions: Europe Central and Eastern Europe Ukraine 26th February 2021 | By Daniel O’Boyle Email Addresslast_img read more