Australian parliament approves lottery betting ban

first_img29th June 2018 | By contenteditor Tags: Online Gambling Australian parliament approves lottery betting ban AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Legal & compliance Lottery Tech & innovation Australia’s parliament last night (Thursday) announced its formal approval for a national ban on lottery betting websites.The ban will come into force from January 1, 2019, and applies to all sites that accept bets on the outcome of lottery draws. The federal government was persuaded to take action following a long-term campaign by newsagents, pubs and clubs that feared losing lottery ticket sales. Adam Joy, chief executive of the Australian Lottery and Newsagents Association, one of the main voices leading the call for a ban, praised the move, saying it will offer more protection to consumers in the country. “This will protect Australia from synthetic lotteries and will bring important new consumer protections by closing the loophole that lotto betting sites have been operating out of,” Joy said, according to the Sydney Morning Herald newspaper. “We now call on all synthetic lottery operators to do the right thing by Australians and cease offering these products immediately.” Australian Communications Minister Mitch Fifield also issued a statement after yesterday’s parliamentary approval, saying that the government is committed protecting consumers and businesses. Fifield said: “This legislation will also protect more than 4000 small businesses including newsagents, pharmacies and community clubs and pubs across the country who operate long-standing, recreational betting services.” However, Lottoland Australia, the main target of those calling for the ban, said it is keen to remain active in the country despite yesterday’s decision.  Lottoland runs a service known as ‘synthetic lotteries’ in Australia, but will no longer be able to offer this product after the ban comes into effect. The company had on numerous occasions called for the government to re-think the ban. Lottoland Australia chief executive Luke Brill said the ruling “does not mean the end of Lottoland Australia”. Brill said the changes are not due to come into effect until 2019 and Lottoland is “well advanced” with developing other ways it can offer services to punters in Australia. In a statement, Brill said: “As you would expect, Lottoland Australia is well advanced in looking at other ways we can continue to deliver choice to the 700,000 Australians who have registered with us over the past two years. “It is a great pity that the Senate did not give due consideration of the unintended consequences the new laws will have – not just on our customers, but on competition and innovation. “As we have said from the very beginning, the legislation is bad news for Australian newsagents, too, which will now be at the mercy of a huge, money-hungry monopoly in the form of Tatts Group, now owned by Tabcorp.” Brill added: “But this decision does not mean the end of Lottoland Australia – far from it. “We are here to stay, and will continue to innovate and adapt so that we can continue to provide our customers with the type of exciting and innovative products they have come to expect from us over the past two years. “Our lottery betting products will continue to be available for at least another six months, as stipulated in the legislation.”Related articles: Lottoland Australia urges legal rethink amid NSW probe Lottoland calls for rethink on Australian laws Australia to ban lottery bets Subscribe to the iGaming newsletter Legal & compliance Australia’s parliament last night (Thursday) announced its formal approval for a national ban on lottery betting websites Regions: Oceania Australia Email Addresslast_img read more

Rhode Island sports betting revenue recovers in August

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The Rhode Island Lottery has reported a month-on-month increase in sports betting revenue in August after punters spent over $10m (£8.1m/€9.2m) on legal wagering during the month. Email Address 1st October 2019 | By contenteditor The Rhode Island Lottery has reported a month-on-month increase in sports betting revenue in August after punters spent over $10m (£8.1m/€9.2m) on legal wagering during the month.Overall revenue from regulated sports betting amounted to $851,788 in August, up from $827,579 in July. Consumers wagered a total of $10.6m, compared to $8.3m in July, winning a collective $9.2m in the process.The Twin River Casino in Lincoln remained the primary destination for sports betting in August, with the facility posting revenue of $607,836 for the month. This was down from $607,836 in July, but punters spent more at the casino, with total bets up from $6.6m to $7.4m.In contrast, the Twin River Tiverton site saw revenue increase 18.7% from July to $243,952, with the overall amount wagered by players rising from $1.5m to $2.1m.Read the full story on iGB North America.Image: Taber Andrew Bain Subscribe to the iGaming newslettercenter_img Finance Topics: Finance Sports betting Regions: US Rhode Island Rhode Island sports betting revenue recovers in Augustlast_img read more

Swedish regulations continue to harm GiG as losses widen in Q3

first_img Gaming Innovation Group (GiG) has reported lower revenue and wider losses in the third quarter, primarily due to the ongoing impact of new regulations in Sweden, while the operator and supplier has also announced the permanent appointment of Richard Brown as its chief executive.Total revenue in the three months to 30 September 2019 amounted to €30.2m (£26.0m/$33.5m), down 23.5% from €37.3m in the corresponding period last year.GiG put this year-on-year decline down to new regulations in Sweden, with the operator saying that such measures pushed revenue down by €4.5m. GiG also noted the impact of the loss of a customer contract in Q4 last year, saying this had a negative impact of €2.7m on revenue.B2C revenue from GiG’s in-house operators fell 20.8% from €24.4m to €20.2m, with GiG saying this was solely caused by lower revenue in Sweden due to the impact of betting duties and restrictions on marketing. GiG’s Rizk brand was the main source of B2B income, generating 75% of all B2C revenue in Q3.In terms of B2B, revenue was down by 29.4% year-on-year to €11.9m, with GiG putting this down to the loss of the customer in the final quarter of 2018. GiG said this should be treated as an isolated one-off-effect when comparing the year-on-year revenue performance from the previous year.B2B media services revenue slipped from €8.4m to €8.0m, primarily because the comparable period last year benefitted from the latter stages of the 2018 Fifa World Cup. Platform services revenue fell 47.1% to €3.6m as a result of the lost customer, while sports betting revenue was level at €200,000.GiG was able to soften the impact of lower revenue by cutting back on spending in the quarter, with total operating expenses down from €25.9m to €20.8m.Marketing expenses were down 33.0% to €7.1m, which GiG said was supported by seasonal, lower marketing levels, as well as a change in channels to reduce above the line marketing and use more efficient channels.Other operating expenses were cut by 10.5% to €13.7m as a result of both cost control and operational efficiency taken in the previous year, together with a reduction in the number of employees from 734 in Q3 of 2018 to 656 this year.However, cutting back on spending was not enough to stop GiG posting a net loss for the quarter of €8.4m, compared to a loss of €2.6m last year. Gross profit was also down 24.0% year-on-year to €23.6m, while earnings before interest and tax fell from a positive of €100,000 to a loss of €6.7m.Earnings before interest, tax, depreciation and amortisation (EBITDA) were also down by 46.0% to €2.7m.In terms of GiG’s year-to-date performance, revenue for the nine months to the end of September amounted to €93.6m, down 16.0% on €111.5m at the same point last year.Gross profit for the nine-month period was also down 20.0% to €73.9m, while EBITDA slipped 16.0% to €9.3m. Net loss for the three quarters amounted to €17.4m, compared to €6.2m in the previous year.However, despite posting wider losses for both Q3 and the first three quarters of the year, chairman Petter Nylander was upbeat about future prospects at GiG.“I am confident that we are making the necessary strategic adjustments to ensure the full potential of Gaming Innovation Group and shareholder value creation,” Nylander said.“With increased regulation and taxation putting pressure on margins, it is time to adapt to the new reality in order to steer out of the epicentre. Because it is important to remember that a storm will end, and with the exciting trends in Germany, Latin America, New Zealand and other jurisdictions which are looking to regulate in the upcoming years, we believe this will present growth and business opportunities for Gaming Innovation Group.“Short term it might seem a bit cloudy, however the global potential in our industry is still substantial, and GiG is well positioned for the future.”Meanwhile, GiG has confirmed the appointment of Richard Brown as its new, permanent chief executive. Brown took on the role on an interim basis in September after Robin Reed opted to step down, just weeks after GiG reported a net loss of €9.0m for the first half of 2019.Brown joined GiG in February 2016 as managing director of its GiG Media arm, going on to serve as chief digital officer before moving to his most recent role as chief operating in November of last year.Prior to his time with GiG, Brown served in various senior roles with Highlight Media Group and also had spells with THG Sports and Web Guide Partner.Speaking about the appointment, Brown said: “While industry headwinds may have dampened progress in 2019, I am extremely excited about the future potential of the group and this new phase of the company’s life cycle. My focus will be on delivery, execution and optimisation, putting us on a path for great focus and renewed growth.”Nylander added: “The gambling industry is experiencing a challenging period of structural change. However, it is still backed by fundamental strong underlying growth and we need to plan and position ourselves to be most relevant to our partners and end users in order to benefit and accelerate our sustainable growth.“Richard has a strong track record of operational excellence and will be focusing on making the company more efficient by creating a clear and directional strategy, reducing costs and driving execution.”Image: reynermedia Companies: GiG Swedish regulations continue to harm GiG as losses widen in Q3 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling Topics: Finance Strategy 6th November 2019 | By contenteditorcenter_img Subscribe to the iGaming newsletter Finance Gaming Innovation Group (GiG) has reported lower revenue and wider losses in the third quarter, primarily due to the ongoing impact of new regulations in Sweden, while the operator and supplier has also announced the permanent appointment of Richard Brown as its chief executive. Regions: Europe Nordics Sweden Email Addresslast_img read more

Caesars to start LV return with Caesars Palace and Flamingo

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: US Nevada Caesars to start LV return with Caesars Palace and Flamingo Caesars Entertainment has revealed that it will resume gaming and hospitality operations in Las Vegas at its Caesars Palace and Flamingo properties once state officials give operators the green light. Topics: Casino & games Casino & gamescenter_img Caesars Entertainment has revealed that it will resume gaming and hospitality operations in Las Vegas at its Caesars Palace and Flamingo properties once state officials give operators the green light.All of Caesars’ nine Las Vegas properties have been closed since 17 March, as a result of the novel coronavirus (Covid-19) pandemic.Both Caesars Palace and the Flamingo will offer lodging, dining options and access to outdoor pools, as well as slot machines and table games, all operated in compliance with physical distancing guidelines. Several retail and dining outlets along its Linq promenade, and its High Roller Observation Wheel, will also reopen in phase one.Phase two will then see Harrah’s Las Vegas and the gaming floor at the Linq Hotel & Casino follow, with the timings of these reopenings to be dictated by customer demand.“Reopening Las Vegas in a phased approach will be a significant milestone for Caesars Entertainment as the country continues to emerge from this necessary closure period,” Caesars chief executive Tony Rodio said.Read the full story on iGB North America. 22nd May 2020 | By contenteditor Subscribe to the iGaming newsletter Email Addresslast_img read more

Camelot completes first stage of National Lottery tender process

first_img Camelot UK Lotteries, the current operator of the National Lottery, has completed the Gambling Commission’s Selection Questionnaire – but refuses to commit to bidding for the tender. Lottery procurement Topics: Lottery Lottery procurement State monopoly 23rd October 2020 | By Robin Harrison “With three years of successive growth resulting in record sales in 2019-20, the National Lottery, under Camelot’s stewardship, is in its best-ever shape – and our immediate focus is on continuing to keep it strong and healthy for the benefit of everyone, and raising even more money for society at a time when funding has never been more vital,” the spokesperson said. Subscribe to the iGaming newsletter However, the Gambling Commission was unwilling to comment on how many responses it had received to date.  They said Camelot had responded to the Selection Questionnaire, the first stage in the tender, but would not be able to confirm that it would compete for the fourth National Lottery Licence until it sees the final Invitation to Apply (ITA). This will be sent out to respondents that the Commission believes should progress to making a full application.  Email Address However, the spokesperson talked up Camelot’s management of the lottery, which it said had been built into “one of the world’s most successful and innovative”, delivering more than £140bn to winners and good causes. center_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The regulator did tell iGB that it was “encouraged” by the number of applications received, adding that it was looking forward to assessing the proposals.  The tender process will run throughout most of 2021, with the winning bidder expected to be announced in September that year. Camelot becomes the third business to confirm that it has completed the Selection Questionnaire, after Czech gaming giant Sazka Group and Indian lottery operator and technology provider Sugal & Damani. Tags: National Lottery Camelot National Lottery Licence Tender A spokesperson for the operator told iGB that it was “only natural” the business was interested in bidding, having run the lottery since its inception in 1994.  Camelot completes first stage of National Lottery tender process Regions: UK & Irelandlast_img read more

IGT & Scientific Games extend long-term US lottery deals

first_img Subscribe to the iGaming newsletter 17th November 2020 | By Conor Mulheir IGT & Scientific Games extend long-term US lottery deals Email Address IGT announced that its subsidiary, IGT Global Solutions Corporation, has signed a seven-year contract with the Nebraska Lottery to serve as the primary vendor for its instant and draw-based games and related services. Tags: Scientific Games IGT International Game Technology Massachusetts Lottery Nebraska Lottery Major lottery suppliers International Game Technology (IGT) and Scientific Games (SG) have extended existing supply deals with the state lotteries of Nebraska and Massachusetts. Meanwhile, Scientific Games (SG) announced it has been awarded a new, five-year contract from the Massachusetts State Lottery Commission (MSLC) to supply the state’s lottery with instant games, second chance promotions and digital engagement programs. SG’s new contract, which may be extended by up to two years by MLSC, is expanded to include consumer digital services to engage players through second-chance game features. Regions: US Massachusetts Nebraska Having produced Massachusetts Lottery’s first instant game in 1974, SG’s new contract will see the supplier extend its relationship with the lottery beyond the fifty-year mark. The agreement will also see the supplier upgrade the operator’s draw-based central system to its Aurora solution, and the will deliver its terminal equipment to approximately 1,200 retail locations across the state. Topics: Lottery Lottery procurement Retail lottery State monopoly State monopoly AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

NH sees betting handle dip but revenue grow in November

first_imgHandle for the month came to $46.5m, down 1.1% from October’s $47.1m in stakes, following a 3.3% decline in mobile’s contribution to $38.9m. Retail stakes, on the other hand, were up 11.8% to $7.6m, with two DraftKings sportsbooks opened in the state since August.  Tags: DraftKings New Hampshire Lottery Finance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter NH sees betting handle dip but revenue grow in November 4th January 2021 | By Robin Harrison Subscribe to the iGaming newsletter This was generated largely through DraftKings’ mobile sportsbook, which accounted for $3.8m (79.8%) of the total, with a further $965,465 in GGR generated through the retail locations. center_img Email Address Read the full story on iGB North America. Regions: US New Hampshire Despite the slight decline in handle, gross revenue after winnings were paid out rose month-on-month in November to $4.8m, a 13.5% improvement on October’s $4.2m total.  The New Hampshire Lottery has reported a month-over-month decline in amounts wagered on sports for November, though revenue for DraftKings’ sportsbook in the state hit a new high of $4.8m. Topics: Finance Sports betting Online sports betting Retail sports bettinglast_img read more

APPG calls for inquiry following Football Index scandal

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Football Index’s operator BetIndex went into administration earlier this month, following a change in its dividend structure that BetIndex said was necessary to ensure the platform remained sustainable. This dividend change came days after the operator encouraged new investments from players by minting new shares in footballers. The All-Party Parliamentary Group for Gambling Related Harm (APPG) has called on the Secretary for Digital Culture, Media and Sport (DCMS) to lead a public inquiry into the collapse of Football Index. Sports betting Topics: Sports betting Sports betting regulation Subscribe to the iGaming newsletter 25th March 2021 | By Nosa Omoigui Regions: UK & Ireland The operator’s collapse has put the funds of many players in doubt. Although the Gambling Commission has received assurances that player account funds would be paid before any other debts, Football Index’s terms and conditions say that funds invested into players on the site are not protected as they are “sums at risk.” Soon after the collapse, the Gambling Commission revealed it had been reviewing the platform for almost a year but had not taken action, partly due to concerns that action it did take would have worsened the business’ financial plight. In a letter to the secretary of state, APPG chairs Carolyn Harris MP, Ronnie Cowan MP and Lord Foster of Bath said: “In a regulated sector, when people gamble, they should have the confidence they are doing so on the basis of the outcome of a wager – it should not be a gamble on the solvency or sustainability of the licensed operator.“We are therefore calling on you to hold an urgent public inquiry into the events which allowed this to happen as well as the conduct and competence of the Gambling Commission.” Tags: Gambling Commission Football Index APPG Email Address The collapse saw players lose all the money they had invested. APPG calls for inquiry following Football Index scandallast_img read more

Argentine tennis player hit with lifetime ban for match fixing

first_imgThe news comes as the ITIA handed a three-year ban to Slovakian tennis player Barbora Palcatova for match-fixing. Palcatova was the tenth player to receive a ban from the ITIA this year. Sports integrity Topics: Legal & compliance Social responsibility Compliance Legal Sports integrity In January, the ITIA issued lifetime bans to Russian tennis players Sofia Dmitrieva and Alija Merdeeva, who had also participated in match fixing. Feitt, who had the highest ATP singles ranking of 920, was found to have breached Section D.1.b of the 2018 Tennis Anti-Corruption Program (TACP) five times. This states that no player should attempt to manipulate the outcome of an event. Argentine tennis player hit with lifetime ban for match fixing He was also found to have breached Section D.1.e three times. This rule states that no player should ask another to not play at their best. Tags: Tennis International Tennis Integrity Agency ITIA Subscribe to the iGaming newsletter In addition, Feitt was fined $25,000.center_img Anti-corruption hearing officer Raj Parker ruled to ban Feitt on April 12, specifying that he will not be allowed to play in or attend any tennis events sanctioned by the tennis governing bodies. Feitt’s final charge was for breaching Section D.2.a.i, which demands that players report all instances of attempted match-fixing to the ITIA. 14th April 2021 | By Marese O’Hagan Email Address The International Tennis Integrity Agency (ITIA) has banned Argentinian player Franco Feitt for life after he admitted to nine incidents of match fixing between 2014 and 2018. This month the ITIA reported a decrease in unusual betting reports. Regions: LATAM Argentina AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Amber Gaming names Zorab as new managing director

first_img Topics: People Compliance People moves 27th April 2021 | By Robert Fletcher Tags: Amber Gaming Jade Zorab “I look forward to building on our current success using our established values and excellent service delivery to exceed the demands and expectations of both our clients and team.” Amber Gaming names Zorab as new managing director Subscribe to the iGaming newsletter Zorab has been with Amber Gaming for five years and previously served as a director of the business, with responsibility for business development and strategy in gaming, ecommerce, and training.  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “It is a privilege to be appointed to the position of managing director, especially at such an exciting point in our journey,” Zorab said. “Despite global circumstances, there continues to be a growing demand for our services, and this provides us with continued optimism for the outlook of the gaming sector.  Gaming compliance solutions provider Amber Gaming has appointed Jade Zorab as its new managing director. Prior to her appointment to the board, Zorab played a major role in the internationalisation of Amber Gaming, its rebrand and commercial development. In her new role, Zorab will oversee the strategic development, growth and performance of the provider, as well as head up the operations and business development departments. People moves Email Addresslast_img read more

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