Daily news

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    Sweden's liicensed gambling operators reported revenue of SEK5.90bn in the first quarter of 2020, down 1.4% from 2019, according to new figures from regulator Spelinspektionen and the Swedish Tax Agency.

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    The Betting and Gaming Council (BGC) has called on the Welsh government to extend the Business Rates Retail Discount to include betting shops, bingo halls and casinos in order to help protect industry jobs in the country.

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    Swedish gaming operator LeoVegas has reported a 3.6% year-on-year rise in revenue for the first quarter of 2020, aided by growth the Nordic region offsetting a decline in revenue from the rest of Europe.

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    H2 Gambling Capital has further downgraded its revenue forecast for the global gambling market as the novel coronavirus (Covid-19) pandemic continues to disrupt the sector.

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    Banking services provider Revolut said it will no longer allow its cards to be fund online or offline gambling payments in the UK following the introduction of the online credit card betting ban.

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    The Malta Gaming Authority (MGA) has signed a memorandum of understanding (MoU) with the Financial Intelligence Analysis Unit (FIAU) that means the two institutions will share data to tackle money laundering.

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    The GB Gambling Commission's ban on using credit cards to fund gambling has come into effect today (14 April), with the regulator hailing its implementation as particularly timely as a result of the coronavirus (Covid-19) lockdown.

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    Swedish-facing operator Svenska Spel has hit out at media reports in the country suggesting there has been a significant rise in online casino gambling during the novel coronavirus (Covid-19) outbreak, describing the published figures as “misleading”.

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    Betsson Group has secured approval from anti-trust regulators to proceed with its planned acquisition of Gaming Innovation Group’s (GiG) B2C assets, with the deal now set to go through by the middle of April.

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    Caesars Entertainment UK (CEUK) has agreed to pay a record settlement worth £13m (€14.7m/$16.1m), after the GB Gambling Commission ruled it had breached a number of social responsibility, money laundering and customer interaction regulations related to VIP customers.

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    Gambling regulators in markets worldwide issued over £25m (€28.3m/$30.9m) in fines, penalties and financial settlements in the first quarter, according to data collected by GamblingIndustryFines.com. This figure comfortably surpasses the £16m in fines, penalties and settlements issued across 2019 in its entirety.

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    The UK’s Competition and Markets Authority (CMA) has given its approval to the proposed mega-merger between Flutter Entertainment, the parent company of Paddy Power Betfair, and Sky Bet operator The Stars Group.

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    Gambling industry association the Betting and Gaming Council (BGC) has praised the UK government after it was confirmed that gambling companies will qualify for the business rates holiday designed to mitigate the shut-down enforced by novel coronavirus (Covid-19).

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    iGaming operator 888 Holdings is to delay the publication of its full-year results for 2019, after the Financial Conduct Authority (FCA) requested all listed businesses observe a two-week moratorium on the publication of preliminary financial results.

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    The Betting and Gaming Council (BGC) has urged the UK Chancellor to provide emergency help to save thousands of jobs across the gambling industry, after fresh concerns were raised over the impact of the novel coronavirus disease (Covid-19) on the sector.

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    Betway has agreed to pay a record settlement worth £11.6m (€13.2m/$14.9m) after the GB Gambling Commission found the igaming operator had breached a number of social responsibility and money laundering regulations related to high-spending customers.

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    The British Gambling Commission has launched a consultation on potential changes to the licence conditions and codes of practice (LCCP) which all licensees must adhere to, mostly to change the ways in which licensees must report key events to the regulator.

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    The British Columbian government has commenced its inquiry into money laundering in the Canadian province, with a focus on identifying possible links with the gambling sector.

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    Troubled sports betting operator Addison Global’s brand MoPlay, which had its licence suspended by regulators in both Gibraltar and Great Britain last week, has stopped paying out customer withdrawals and announced the business is insolvent.

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    Global Gaming has seen revenue slashed and the business incur losses after a tumultuous 2019 that saw the operator lose its Swedish licence, but chief executive Tobias Fagerlund believes the business can turn things around in the long term.

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