Seymour deal in doubt as Gerova tanks

first_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMisterStoryWoman files for divorce after seeing this photoMisterStoryFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterJournalPregnant Woman Takes a Nap – You Won’t Believe What She Discovered When She WokeJournalWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoammoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent Express THE future of a £40m deal to take over City stockbroker Seymour Pierce suffered a blow last night amid a botched management overhaul at its US buyer.Gerova Financial Group, a New York-managed reinsurance company, had engineered a reverse takeover of Seymour Pierce that would have seen its chairman Keith Harris become chair of a group worth about £400m.Seymour Pierce announced in December that Gerova was to buy it and a third business, equities trader Ticonderoga Securities, and merge the two brokers. It would earn Harris an estimated £10m payout from his 25 per cent stake in Seymour Pierce.But Gerova’s shares plunged by over a third yesterday after its newly-named chairman Dennis Pelino refused to take the job.Pelino’s decision to walk followed the resignation of former chairman Gary Hirst and four board members last week after Gerova announced a board overhaul. A report in January also raised questions about Gerova’s finances, though the company said the paper was inaccurate. Gerova shares have slumped from more than $86 (£53.40) last June to just $6.39 yesterday.Harris last week postponed his new role as chair and the ongoing concerns could mean Seymour Pierce has to abandon the plans. Michael Hlavsa, Gerova’s chief financial officer, is to lead the firm until it recruits a new chairman. whatsapp KCS-content Wednesday 16 February 2011 8:57 pm whatsappcenter_img Seymour deal in doubt as Gerova tanks Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap Show Comments ▼ Tags: NULLlast_img read more

BORIS Vs BLOOMBERG

first_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapp Share KCS-content whatsapp Thursday 31 March 2011 8:27 pmcenter_img Tags: NULL BORIS Johnson yesterday hit back at New York mayor Michael Bloomberg, accusing him of trying to pinch London-based Barclays bank.Johnson said it would be a “tragedy” if London were to lose Barclays, and pointed out the bank had shown its commitment to the capital by sponsoring his flagship “Boris bike” cycle hire scheme. “This underlines the fact that the threat and challenge to our successful financial services sector is real,” Johnson said. He was responding to comments from Bloomberg, who on Wednesday called on Barclays bank to move its headquarters to the Big Apple, saying it would be a “great move for them”. More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com BORIS Vs BLOOMBERG last_img read more

Corporate lift for Park Group

first_imgTuesday 5 April 2011 7:28 pm whatsapp CHRISTMAS hampers and voucher specialists Park Group said it expects trading to be in line with market expectations for its year ending 31 March and Christmas 2011 orders are up five per cent year-on-year.Liverpool-based Park Group will report full results on 14 June, but said it had performed well despite the freeze before Christmas which hit the consumer sector.It said corporate voucher and prepaid card sales performed well in its last financial year as the number of clients increased year-on-year, in a tough trading environment. Park’s corporate vouchers are used by many firms for staff incentive schemes, which were hit in the recession.Meanwhile the group’s flexecash card, a pre-paid card launched last year and redeemable at 24 retailers including HMV, Argos and New Look, has over 300 corporate clients.The retailer said: “While still a small part of the business, demand has been growing rapidly and its performance has exceeded the board’s expectations.”Its online operation grew during the year with over £100m in sales taken via its website.The Irish business, acquired in October 2010, has now been successfully integrated, Park said in a statement.It added: “The Board expects to report a positive financial performance in line with market expectations for the year ended 31 March 2011.” Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Share KCS-content center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Show Comments ▼ Corporate lift for Park Group Tags: NULLlast_img read more

BoA earnings down as new chief named

first_img More From Our Partners Fans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comFort Bragg soldier accused of killing another servicewoman over exthegrio.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com BoA earnings down as new chief named Bank of America Corp posted a 37.5 per cent decline in first-quarter earnings and named a new chief financial officer.The largest US bank reported net income of $2bn (£1.2bn), or 17 cents per share, compared with $3.2bn, or 28 cents per share ,in the same quarter a year ago.Analysts on average had forecast earnings of 27 cents a share. The bank lost $2.39bn in its residential mortgage unit, compared with a $2.07bn loss in the same quarter a year earlier. Revenue dropped and expenses increased in the business, which was a key source of difficulty for the bank during the quarter.The bank said Bruce Thompson, chief risk officer, will add the role of chief financial officer at the end of the second quarter. Chuck Noski, current CFO, will become vice chairman of Bank of America. whatsapp Tags: NULL John Dunne Sharecenter_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald whatsapp Friday 15 April 2011 8:49 amlast_img read more

Camelot reveals record UK National Lottery digital sales

first_img Camelot has reported a year-on-year increase in UK National Lottery sales, with digital sales hitting at a record £1.65bn (€1.88bn/$2.21bn) Camelot reveals record UK National Lottery digital sales Topics: Finance Lottery Tags: Mobile Online Gambling OTB and Betting Shops Subscribe to the iGaming newsletter Camelot has reported a year-on-year increase in UK National Lottery sales, with digital sales hitting at a record £1.65bn (€1.88bn/$2.21bn). Total sales in the 2017-18 financial year amounted to £6.95bn, up £26.4m on the previous year despite Camelot having anticipated a decline. Mobile sales hit an all-time high of £700.6m, with sales across smartphones and tablets now accounting for more than 40% of all digital sales. Camelot also noted record sales figures on the National Lottery applications for mobile, following the launch of full version of the Android app last year. However, retail remains the main sales channel for the National Lottery after taking £5.3bn during the year, more than 75% of total sales. UK players claimed £3.93bn in prize during 2017-18, with the National Lottery having now awarded over £67bn in prizes since its launch. Camelot also noted that it was able to generate £1.66bn for ‘Good Causes’ during the 12-month period, £27.3m more than in the previous year. Nigel Railton, who took over as chief executive of Camelot on a permanent basis in November, said: “Given that we had anticipated a further sales decline this year, our achievement in getting The National Lottery back into growth and delivering more money for Good Causes underlines the importance of the work we have been carrying out following the strategic review. “It’s fair to say that sales benefited from a nice run of luck – particularly on EuroMillions with some incredible jackpots – but the strong foundations and new initiatives that we are putting in place have also started to play a part.” Railton added: “As we look to build on the progress we’ve made, we’ll continue to take action in those areas that we identified in the strategic review. “While there is much work still to do – and we’ll continue to face challenges beyond our control, such as continuing doubts over the economy and ever-increasing competition from the gambling sector – we’re confident that we have some really strong plans lined up. “These include improvements to Lotto coming later this year to give our players a better winning experience. “The National Lottery is a truly national institution that makes a massive difference to the lives of people and communities across the UK – and everyone at Camelot is fully committed to ensuring that this success story continues.”Related article: Camelot names Railton as permanent CEO, reveals H1 results Regions: UK & Ireland 8th June 2018 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Finance Email Addresslast_img read more

Wiggin EU regulation roundup – October 2018

first_img Subscribe to the iGaming newsletter Email Address Bingo Regions: Europe Tags: Card Rooms and Poker Online Gambling In conjunction with Chris Elliott and Beth French of Wiggin LLP, iGaming Business provides a regulatory snapshot of igaming across the EU. Greece, the Netherlands and Slovakia are among those updatedAUSTRIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Licences for sports betting and horse race betting are available for private operators on a regional basis within Austria, whereas poker, casino, bingo and lottery are controlled by the monopoly, Casinos Austria, which has exclusive rights until 2027.Status: In 2016, national courts reached conflicting decisions on the compatibility of Austria’s current gambling legislative framework with EU law, which remains unclear. The draft amendments to the Gambling Act, which would introduce ISP-blocking measures and an express provision rendering gambling contracts contrary to the Gambling Act void, has been temporarily withdrawn. It is unclear at this stage whether the initial draft will be republished.BELGIUM Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All products are available to private operators except for lotteries, which are reserved exclusively for the monopoly provider. However, online operators need to partner with local casinos in order to satisfy the land-based establishment requirement; alternatively, apply for one of the 34 retail licences (F1 licences) that can be extended to cover online (F1+ licence).Status: There remain valid arguments that the existing regime is incompatible with Belgium’s EU Treaty obligations. On 22 March, 2018, Belgium’s Constitutional Court ruled in favour of an exemption from VAT obligations for online gambling transactions. Active enforcement measures against operators and players are in place. Following a recent ruling by the Constitutional Court that the country’s licensing arrangements are unconstitutional, each type of gambling product will need to be offered through a different URL in order to harmonise the disparity between land-based and online licence conditions..BULGARIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery (excluding raffles and instant lottery games). Operator type: All products are available to private operators except for lotteries, which are reserved exclusively for the monopoly provider.Status: Any operator from an EU/EEA jurisdiction or the Swiss Confederation can apply for a licence. The Bulgarian regulator has awarded approximately 20 licences to date, including to a number of international operators. The government has notified the European Commission of draft amendments to the country’s gambling legislation which, among other things, would introduce stringent restrictions on how gambling products can be advertised. The standstill period ends on 10 September, 2018.CROATIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All products are available to private operators except for lotteries, which are reserved exclusively for the monopoly provider. Private operators can only be licensed to offer igaming if they obtain a land-based casino or betting licence.Status: Following Croatia’s accession to the EU in 2013, it was understood that it would submit new legislation that was compatible with EU law. However, on 5 March, 2014, the Croatian government notified a draft bill to embolden the position of the monopoly and local operators, giving rise to further incompatibility issues. The receipt of a detailed opinion from the EC stalled the legislative process.CYPRUS Regulated gambling products: Sports betting, horse race betting and lottery. Operator type: OPAP has a monopoly over lottery operations; sports-betting licences are available to private operators.Status: Cyprus regulated online betting in July 2012, although a licensing regime was not established until 2016. Applications for online sports-betting licences were accepted for a one-month period only from 3 October, 2016. ISPs are obliged to implement blocking measures to prohibit Cypriot residents from accessing unlicensed gambling websites. Cyprus has notified new draft gambling legislation to the EC in response to concerns about the local establishment requirement under the Betting Law and the equal treatment of gambling operators in the country (principally as a result of the exemption afforded to OPAP).CZECH REPUBLIC Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: EU and EEA-based operators are able to apply for licences.Status: The new gambling regulatory regime entered into force in the Czech Republic on 1 January 2017, allowing EU/EEA companies to enter the market. The licensing regime has been called into question after a number of foreign operators are believed to have withdrawn from the licensing process, citing the current regime as incompatible with EU law. ISP-blocking measures are active in the jurisdiction. DENMARK Regulated gambling products: Sports betting, fantasy sports, horse race betting, poker, casino, bingo and lottery. Operator type: Sports betting, poker and casino licences are available to private operators. Lottery is controlled by the state monopoly.Status: The Danish online gambling regime went live on 1 January, 2012. ISP-blocking measures are active in the jurisdiction and the Danish Gaming Authority has been granted an injunction to block operators and suppliers that have been targeting Danish customers without the requisite licence. Danish political parties have reached an agreement to introduce limits on bonuses. The Ministry of Taxation is understood to be aiming for a 1 January, 2019 implementation, although the exact proposed changes are currently unknown.ESTONIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Licences for all gambling products are available to private operators save for lotteries, which are reserved exclusively for the monopoly operator.Status: Operators seeking to accept business from players in Estonia must be issued an activity licence for the type of gambling they wish to offer, then an operating permit to provide the services remotely. A blacklist of about 1,100 operators is maintained and updated by local authorities and ISP and payment blocking is in force. Though some operators argue that the regime is still not compatible with EU law, there has been no open challenge by the EC to date.FINLAND Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All gambling products are under the exclusive control of the three monopoly providers, Raha-automaattiyhdistys (RAY), Fintoto Oy and Veikkaus Oy. The monopolies merged into one state entity on 1 January, 2017.Status: An ECJ ruling confirmed that Finland’s three monopoly providers are legally permitted, which was subsequently written into law. In November 2013, the EC also withdrew infringement proceedings. Active enforcement measures are in place (restrictive marketing for offshore operators and ISP blocking).FRANCE  Regulated gambling products: Sports betting, horse race betting, poker, bingo and lottery. Operator type: Private operators can obtain online licences for sports betting, horse race betting and poker. The monopoly has exclusive rights to bingo and lottery.Status: A regulated market since the introduction of a licensing regime in 2010, following which the EC withdrew its infringement proceedings. Parliament announced a full review of French gambling legislation in 2016, although little progress has been made to date except for changes to allow for international poker liquidity and provisions relating to the organisation of esports tournaments. The state-owned operator of France’s national lottery games, Française des Jeux (FDJ), is set to be privatised, with broader regulatory changes to the online sector expected to follow.GERMANY Regulated gambling products: Schleswig-Holstein, a small northern-German state, regulates sports betting, horse race betting, poker, casino and bingo. The other 15 states of Germany currently permit only sports betting and horse race betting. Operator type: Private operators can no longer obtain licences in Schleswig-Holstein and those in existence will expire on 30 June, 2019. In the other 15 states, horse race betting licences are available at a regional level but the position surrounding the 20 available sports-betting licences is still uncertain.Status: The licensing regime is in a state of flux. The tender for 20 federal sports-betting licences was aborted following a number of appeals by operators who were not granted licences. The ECJ ruled in 2016 that Germany’s sports-betting regulation was incompatible with EU law and that enforcement actions would be unlawful where none of the 20 licences could, in practice, be acquired. The decision led to calls for comprehensive legal reform of Germany’s gambling legislation. In March 2017, all 16 German states signed amendments to the country’s gambling law; however, on 22 September, 2017, Schleswig-Holstein’s state parliament voted against ratifying these, with North-Rhine Westphalia and Hesse since announcing their intention to follow suit. Without full state support, the intended changes did not take effect, further delaying reform. A Federal Administrative Court ruling on 26 October, 2017, upheld the ban on online casinos and poker. The ruling, which is now the subject of a constitutional complaint, appears to have led to action by local regulators seeking to enforce the prohibition of online casinos by issuing interdiction letters to operators. Payment-blocking initiatives are also being pursued.GREAT BRITAIN Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All licences are available to private operators save for lottery, which is reserved exclusively for the monopoly provider, Camelot.Status: Any operator that transacts with, or advertises to, British residents requires a licence from the Gambling Commission. Licensed operators are required to source gambling software from commission-licensed businesses. Since 1 August, 2017, the first use of free plays for remote gaming has been taxed and winnings brought into the duty calculation at the end of the rewagering process. The UK government has announced its intention to increase Remote Gaming Duty at the next budget to cover a shortfall in lost tax revenue resulting from a reduction in maximum stakes on fixed odds betting terminals from £100 to £2.GREECE Regulated gambling products: Sports betting, horse race betting and lottery. Operator type: All products are exclusively reserved for the monopoly providers, although 24 transitional licences for private operators remain active, with all products permitted.Status: The enabling regulations that implement a Greek online gambling licensing regime are yet to be implemented. In 2012, a ‘transition period’ commenced, whereby the Greek government granted 24 transitional licences to operators, enabling them to keep transacting with Greek residents. In September 2018, the Government published draft amendments to the country’s Gambling Law which would, if implemented in its proposed form, introduce an open licensing regime with unlimited licences, prohibit RNG-based games and maintain the current 35% GGR tax.HUNGARY Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Only the state monopolies (Szerencsejáték Zrt. and Magyar Lóversenyfogadást-SzervezőKft) and local concession companies can apply for a licence.Status: Amendments to Hungarian gambling law came into force on 1 October, 2015, and allow only two land-based casinos to hold remote casino concessions. The regulator has since issued fines, a number of which have been challenged, against unlicensed operators that continue to target the market. In June 2017, the ECJ determined Hungary’s gambling regime to be incompatible with Article 56 TFEU. A subsequent ECJ decision in February 2018 ruled against the Hungarian requirement that online gambling operators must have a land-based licence to offer online gambling services to Hungarian citizens, further strengthening arguments that the current regime is incompatible with EU law. The Hungarian Ministry of Justice has stated its intention to continue to seek to enforce the existing regime despite the most recent ruling. A draft bill that would introduce payment-blocking measures was notified to the EC on 15 December, 2017, although the bill does not appear to have been adopted to date.IRELAND Regulated gambling products: Online gaming is not specifically accounted for in Ireland’s outdated legislation and as such is currently unregulated. Operator type: Online betting regulated since August 2015.Status: Ireland is currently updating its legislation, which will create a comprehensive igaming regime. In January 2018, the Irish Cabinet gave the go-ahead to draft a new version of a bill that was first proposed in 2013. Ireland’s opposition party tabled its own legislation in response, citing a lack of progress by the government on its own bill. Amendments to the Gaming and Lotteries Act 1956 have also been proposed. Legislative progress is not expected until late 2018 at the earliest.ITALY Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Fully regulated market. Status: The Stability Law 2016, passed in December 2015, introduces various measures affecting the remote gambling industry, including tax changes and a tender process for the award of 120 new online gaming licences. The tender process for applications closed on 19 March, 2018. On 7 August, 2018, the Italian parliament approved a decree which prohibits gambling advertising and sponsorship. The advertising ban took effect on 14 July 2018, although ongoing advertising contracts remain valid until the earlier of their expiration date or 14 July 2019. The sponsorship ban will apply from 1 January 2019.LUXEMBOURG Regulated gambling products: Lottery. Operator type: Monopoly.Status: The general prohibition on gambling appears sufficiently wide to cover all forms of online gambling.MALTA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Private operators can apply for a local licence (except for lottery products).Status: Malta has approved a new Gaming Act that replaces all existing gaming legislation with a single piece of legislation, supplemented by secondary legislation. The Gaming Act, together with directives and regulations, is effective as of 1 August, 2018.NETHERLANDS Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Monopoly for all products.Status: The Dutch parliament’s lower house approved the Remote Gambling Bill in 2016, which will introduce an online gambling licensing regime. The legislation will impose a 29% GGR tax on both online and land-based operators.  In September 2018, the Government opened a public consultation on the implementing regulations of the Remote Gambling Bill, which will be followed by debate and a vote in the Senate, expected in early 2019. It is understood that operators that have previously been fined by the Dutch regulator will not be eligible for a licence. In the interim, the regulator continues to implement enforcement measures against operators targeting Dutch players, having imposed recent sanctions against three well-known operators.NORWAY Regulated gambling products: Sports betting, horse race betting and lottery. Operator type: Online gambling is reserved for the two monopoly providers, Norsk Tipping and Norsk Rikstoto.Status: The monopoly has extended its offering to include live betting, online bingo and casino games in an attempt to redirect traffic from unlicensed sites. In March 2017, the government published a long-awaited white paper on how best to regulate the gambling sector, which proposed that the gambling monopoly remain in place and no licensing system be introduced. The Norwegian regulator continues to step up enforcement efforts against unregulated operators, local banks and payment service providers. On 4 June, 2018, the Ministry of Culture notified a draft regulation to the European Commission that would establish payment-blocking measures. The standstill period will end on 5 September, 2018. The European Gaming and Betting Association is understood to have filed a legal challenge against the proposed measures.POLAND Regulated gambling products: Sports betting, horse race betting, casino and poker. Operator type: Betting licences are available for companies with a representative in Poland. Casino and poker are reserved for a state monopoly.Status: Legislation enacted 1 January, 2012, permits betting. Following the approval of various amendments to the Gambling Act, online gaming (including poker) is no longer prohibited as of 1 April, 2017, although the exclusive rights to offer such products are reserved for a state monopoly. Provisions that provide for the establishment of a blacklist of unlicensed operators and ISP and payment blocking came into force on 1 July, 2017. The blacklist contains more than 1,000 domain names. PORTUGAL Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Any EU/EEA operator can apply to be granted a licence for online gambling. Lottery games and land-based fixed-odds sports betting remain reserved for a monopoly.Status: A regulated market since 2015. Although operators can now apply for licences, their Portuguese revenue streams will be subject to comparatively high tax rates, particularly in sports betting, which is subject to an 8-16% tax on turnover. In 2015, the RGA filed a state-aid case with the EC challenging the Portuguese betting tax as breaking EU trade rules. On 30 January, 2018, the Portuguese gambling regulator published a call for contributions on the review of the current regulatory framework for online gambling.ROMANIA Regulated gambling products: Sports betting, horse race betting, casino, bingo and lottery. Operator type: Any operator from an EU/EEA jurisdiction or the Swiss Confederation can apply for a licence. Lottery games remain reserved for the monopoly.Status: The Romanian government passed legislation in 2014 that allows entities within the EU to apply for a licence, imposes a reform on licence fees and eliminates many (but not all) of the tax burdens placed on player revenues. The Gambling Law (as amended) introduced a legal framework for a fully regulated online gambling market and requires licences to be held by online gambling operators, as well as software providers, payment processors, affiliates and testing labs. After some delay, the secondary legislation that fully implemented the new licensing regime came into force on 26 February, 2016. The National Office for Gambling in Romania published a blacklist of unlicensed gambling operators in July 2015.SLOVAKIA  Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Monopoly, save that land-based sports-betting operators can offer services online owing to a legal loophole.Status: In November 2016, a bill amending the existing gambling legal framework was approved. The amendments, which entered into force on 1 January, 2017, included the introduction of ISP and payment blocking of illegal online gambling offerings in the Slovak territory. Slovakia’s Financial Directorate began to perform its supervisory function over these blocking measures from 1 July, 2017. New draft legislation has been notified to the EC with a view to liberalising the market in 2019. The proposed legislation, if passed, will allow private EU/EEA operators to apply for online gambling licences.SLOVENIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Online gambling must be operated by land-based casinos or lotteries and, as a result, only the monopoly holds online licences in Slovenia.Status: Draft amendments to the Gaming Act were published in 2015, which aim to remove the current local establishment requirement. The proposal is yet to be submitted to the Slovenian parliament, although it is expected to be adopted in 2018. Whether any amendments will introduce a formal licensing system remains unclear.SPAIN Regulated gambling products: Private operators can apply for licences for all gambling products save for lottery. Operator type: Private operators can apply for licences for all gambling products save for lottery.Status: First online licences were issued on 1 June, 2012. Operators must hold a general licence and a specific licence, both issued by the National Gambling Commission, for each activity. In June 2015, 10 new licences were awarded, the first since 2012. In addition, 25 online slot permits were issued to new and existing operators. This followed the approval of the regulation of slots and betting exchanges. The Spanish regulatory body DGOJ has formally opened its third call for tender, with applications for online licences accepted from operators for a period of one year, until 18 December, 2018. On 16 January, 2018, online poker liquidity sharing between Spain and France came into effect. The 2018 parliamentary budget was passed into law in June 2018, resulting in a reduction to gambling tax effective as of 1 July, 2018.SWEDEN Regulated gambling products: Sports betting, horse race betting, poker, bingo and lottery. Operator type: Only public-benefit organisations, the horse racing industry and the state lottery may obtain a licence. No licences are available for private operators, although this will change with the introduction of the new legal framework.Status: The Swedish parliament adopted a bill that will introduce an online-gambling licensing regime. The law is expected to enter into force on 1 January, 2019, with the licence application process open as of1 August, 2018.WIGGIN is a law firm dedicated to supporting the media, entertainment and gaming sectors. Its market-leading betting and gaming group provides specialist legal services to an array of gambling industry stakeholders. We advise many of the world’s leading gambling operators and suppliers and also enjoy helping entrepreneurial, interactive start-up businesses. If you’d like to hear more, contact us at [email protected] Chris Elliott and Beth French of law firm Wiggin provide a regulatory snapshot of markets across the EU, with Greece, the Netherlands and Slovakia updated Wiggin EU regulation roundup – October 2018 Topics: Casino & games Legal & compliance Lottery Sports betting Bingo Poker AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 3rd October 2018 | By Stephen Carterlast_img read more

AGS eyes Mexican igaming market with new distribution deal

first_imgCasino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Gaming technology supplier PlayAGS has entered into a partnership with Ainsworth-powered online casino Mustang Money Mexico as it seeks to establish a presence in the Mexican igaming market. Regions: LATAM Mexico Tags: Online Gambling Gaming technology supplier PlayAGS has entered into a partnership with Ainsworth-powered online casino Mustang Money Mexico as it seeks to establish a presence in the Mexican igaming market. AGS will provide a range of content to Mustang Money Mexico through its AxSys Games Marketplace game aggregation platform. Customers of Mustang Money Mexico, which is operated by Ainsworth Game Technology, will have access to AGS titles such as Golden Wins, Jade Wins and Longhorn Jackpots as well as content from AGS’ network of third-party suppliers. AGS is already established in the Mexican land-based market, and Bryan Bennett, senior vice-president of interactive, said the supplier is confident its online titles will also be successful and even help drive the popularity of its content across other channels. “This is our first cross-channel opportunity to offer games in both a real-money online and land-based market, and reflects our focus on distributing our entertaining content online into other regulated real-money gaming markets as we continue to grow our interactive business,” Bennett said. Jason Lim, general manager of online gaming and interactive at Ainsworth Game Technology, added: “We have been working with the AGS igaming team for some time now as a supplier of third-party game content, and we’re thrilled to take our relationship to the next level by making AGS our game aggregator of choice in Mexico.” The new partnership comes after AGS last week completed its acquisition of slot route operator Integrity Gaming in a deal worth $49m (£37.7m/€43.3m). AGS will now integrate the Integrity brand, operations and team, and manage the centralised service from its offices in Oklahoma City, Oklahoma.Image: World’s Direction AGS eyes Mexican igaming market with new distribution deal Topics: Casino & games Tech & innovation 19th February 2019 | By contenteditor Subscribe to the iGaming newsletter Email Addresslast_img read more

NetEnt goes live in Pennsylvania

first_imgTech & innovation Regions: US Pennsylvania Casino games supplier NetEnt has rolled out its products in Pennsylvania, following the launch on legal online gambling in the US state. Tags: Online Gambling Casino games supplier NetEnt has rolled out its products in Pennsylvania, following the launch on legal online gambling in the US state.NetEnt has signed agreements with a number of gambling operators in the state and has been preparing to launch its games for some time.The supplier will operate in the state under an Interactive Gaming Manufacturer Conditional License that its NetEnt Americas subsidiary secured from the Pennsylvania Gaming Control Board in March.It has deals in place with Penn National Gaming, which has launched igaming under its Hollywood Casino brand, and Greenwood Gaming and Entertainment’s Parx Casino.Read the full story on iGB North America. Subscribe to the iGaming newsletter Topics: Tech & innovation NetEnt goes live in Pennsylvania AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 19th July 2019 | By contenteditor Email Addresslast_img read more

ComeOn to withdraw from UK market

first_img Tags: Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter 2nd September 2019 | By contenteditor Cherry-owned igaming operator ComeOn is to shut down operations in the UK in order to focus on what it described as “favourable markets”.ComeOn has been operating in the UK since 2014, using its Gambling Commission licence to offer brands such as ComeOn.com, MobileBet.com and GetLucky.com.However, all of these brands are to be shut down as the operator switches its attention to other markets, including Sweden, Denmark, Malta, Poland and Schleswig-Holstein in Germany, where it holds licences.“UK is a very mature and highly competitive market and the financial risks are big,” ComeOn’s chief executive Lahcene Merzoug explained. “We have never had a non-compliance breach, but we’ve seen competitors being fined big numbers and that creates uncertainty.“At the same time the UK licence has lost it’s symbolic value. Before you almost had to have one to be looked upon as a credible company. Today we hold licences in many European countries and given that the UK has never been a big market for us, it’s a wise move to put our focus elsewhere.”The announcement comes after online bingo and casino operator JPJ Group last month also confirmed that it is to withdraw both its Vera&John and InterCasino brands from the UK market.The UK-facing websites for Vera&John and InterCasino will cease operations tomorrow (September 3), but both of brands stopped accepting new customers from August 5. Email Address Regions: UK & Ireland Cherry-owned igaming operator ComeOn is to shut down operations in the UK in order to focus on what it described as “favourable markets”. ComeOn to withdraw from UK market Strategy Topics: Strategy Tech & innovationlast_img read more

Tabcorp becomes NFL’s Australian partner

first_img Subscribe to the iGaming newsletter Marketing & affiliates AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tabcorp becomes NFL’s Australian partner Tabcorp has become the official wagering partner of the National Football League (NFL) in Australia as it seeks to tap into the growing popularity of the US sports league. 19th September 2019 | By contenteditorcenter_img Topics: Marketing & affiliates Sports betting Tabcorp has become the official wagering partner of the National Football League (NFL) in Australia as it seeks to tap into the growing popularity of the US sports league.The multi-year agreement allows Tabcorp to create unique NFL content and experiences for Australian fans across its digital platforms and venues. In addition, TAB and the NFL will combine to promote the NFL’s official Pick’em free-to-play football game. The game will provide NFL fans in Australia the chance to win weekly prizes, as well as a grand prize trip to the Pro Bowl.Tabcorp’s Sky Racing channel will broadcast one NFL game each Monday. Tabcorp and Sky Racing will also bring the NFL Network and six hours of NFL RedZone programming to Australian fans across its commercial network of more than 4,400 pubs, clubs and TAB agencies.“We are proud to bring Australians NFL action to enhance our existing sports offering to customers and venues and complement Sky’s unrivalled coverage of Australian and international racing,” said Adam Rytenskild, Tabcorp’s managing director of wagering and media.“Our goal is to support the growing appetite for the NFL in Australia.“This gives fans more value in line with our strategy of using our assets to create unique experiences for customers.”The deal is the NFL’s latest international partnership since the legalisation of sports betting across the US last year.“We are looking forward to working with Tabcorp, the leading operator in Australia,” said Christopher Halpin, NFL executive vice president. “We are excited about our growing popularity in Australia and this partnership will help further serve our fans there.” Email Address Regions: Oceania Australialast_img read more