Daily news

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    The current licence terms for the Irish National Lottery are limiting the amount of funds raised for good causes in the country, with a new report by Dublin City University suggesting that up to €43m (£36.9m/$47.4m) is being lost.

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    The Hellenic Competition Commission (HCC) has given its approval to OPAP’s pending acquisition of a majority stake in Stoiximan Group’s Greek and Cypriot operations.

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    The Czech Republic Ministry of Finance has defended its decision to introduce higher taxes on certain gambling activities, after a national newspaper claimed the increases would harm the country's land-based market.

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    French gaming operator La Française des Jeux (FDJ) has secured approval from the country’s stock market regulator to proceed with its initial public offering (IPO), in a move that marks the first step towards the privatisation of the business.

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    France has introduced new gambling regulations, including the creation of a new national gambling authority, L’autorité nationale des jeux (ANJ) to replace the current regulator, l’autorité nationale de régulation des jeux en ligne (ARJEL), ahead of the privatisation of lottery monopoly La Française des Jeux (FDJ).

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    A syndicate of eight investment banking groups have been selected to work on the privatisation of French state-owned gaming operator La Française des Jeux (FDJ).

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    Revenue from regulated gambling in the Czech Republic fell 21.3% in 2018 to CZK31.3bn (£1.1bn/€1.2bn/$1.4bn), with the decline down to a lower contribution from slot machines.

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    The Czech Republic’s Ministry of Finance has confirmed that it will increase the tax rate on certain gambling activities in the country from January 2020. Taxes will be split into three levels, according to how harmful the government perceives the activity to be.

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    New figures from the Swedish Tax Authority and gaming regulator Spelinspektionen suggest that net gaming revenue for Sweden’s land-based and online gaming market amounted to SEK6.0bn (£479.9m/€559.0m/$626.0m) in the first quarter of 2019.

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    The Dutch Authority for Consumers & Markets (ACM) has issued a warning to people about a series of scam phone calls and emails seeking payment on gambling debts.

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    Sweden’s newly regulated igaming market has generated total turnover of SEK3.29bn (£271.3m/€313.8m/$352.8m) in the first quarter of the year, with former horse racing monopoly AB Trav och Galopp (ATG) dominating the channel. Svenska Spel Sport & Casino and ATG accounted for 50% of online market turnover over the three month period.

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    Lottoland’s Australian business has put forward a profit-sharing proposal to news and lottery agents in the country as it seeks to combat a potential ban on lottery betting

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    Malta’s government has announced that gambling on the outcome of an event is to become exempt from value added tax (VAT)

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    Happy Friday igamers! This week: Lottoland fine to good causes, Sagi sells up, Paddy's sh*tty kiss, NJ-US Supreme Court, EU poker sharing.

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    Kenyan President Uhuru Kenyatta has signed a new law that will impose a tax of 35% of gross profit on all gambling activities in the country.

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    Kenyan MPs have approved a new 35% tax on gambling companies, in a move that represents a significant increase on the current rate of 7.5%.

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    The Danish igaming market is small but almost perfectly formed, with its business-friendly approach driving a high number of consumers to use licensed operators, the latest research from the iGaming Business Market Monitor reveals.

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    Lottoland is pioneering its way onto the lottery scene in the UK and Germany, where retail monopolies are not happy about the new entrant.

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    Camelot, the operator of the UK National Lottery, has been fined £3 million (€3.6 million/$3.7 million) after an investigation by the UK Gambling Commission into allegations of a fraudulent prize claim and payout.

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    The Georgian government today (12 October) launched a request for proposal (RFP) process to choose a company to run its national lottery on a 10-year exclusive deal.

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