Daily news

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    The Irish Government has confirmed in its 2020 Budget that bookmakers in the Republic of Ireland will receive a relief of up to €50,000 from the 2% turnover tax levied on betting in the country.

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    The Tasmanian Government has announced that it will introduce a new Point of Consumption (PoC) tax on wagering from 1 January, 2020, but Responsible Wagering Australia has criticised the move saying it could harm the racing industry in the Australian state.

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    The UK’s Competition and Markets Authority (CMA) has given its approval to Inspired Entertainment’s proposed acquisition of Gaming Technology Group (GTG), a division of Austrian gaming equipment and solutions giant Novomatic’s UK subsidiary.

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    GVC Holdings has revised its full year profit projections upwards for the second time this year after the operator’s online and European retail growth helped offset a weaker performance from its UK retail arm.

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    Australian operator Tabcorp has rejected claims by Racing Queensland that its UBET subsidiary was not entitled to withhold AU$11m (£6.2m/€6.9m/US$7.7m) in response to a new point of consumption tax in the state.

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    The Oregon Lottery has revealed that it expects to generate $141.2m in revenue over the first three years following the launch of its SBTech-powered retail and mobile sportsbook. 

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    The Gaming and Lotteries (Amendment) Bill 2019, Ireland’s placeholder legislation for the country’s betting and gaming sector, has progressed to the committee stage in the Dáil Éireann. Meanwhile Minister for Finance Paschal Donohoe has confirmed that work on an alternative tax system for independent bookmakers to replace the 2% turnover tax is ongoing.

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    Five of the UK’s leading sports betting operators have voluntarily agreed to increase funding for problem gambling treatment and safer gambling.

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    Land-based and online betting and gaming operator Betfred has posted a loss of £40.7m for its financial year ended September 30, 2018.

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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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    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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    Playtech has reported a 54% year-on-year increase in revenue for 2018, though growth for the year was largely down to the acquisition of Italian operator Snaitech, with the solutions giant’s B2B division struggling.

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    France’s online gaming market reported year-on-year growth across all three legal verticals in 2018, with the sports betting vertical the standout performer. However ARJEL has suggested that with growth in other verticals still slow, a shift to a revenue-based tax regime may be key to safeguarding the industry in the long-term.

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    Payment covers gambling solutions giant's activities in Israel between 2008 and 2017, and follows civil tax audit conducted by Israeli tax authority

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    Total prize money contribution will be £15.3m in 2019, down from £17.5m in 2018

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    Company faced huge bill from former investors if legislation was not introduced by March 2019

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    More than 70 MPs are calling for changes to be implemented earlier

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    Changes in FOBT regulations will also be delayed until October 2019

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    APPG accuses bookmakers of being ‘misleading’ over transition claims

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