Daily news

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    Payments and Know Your Customer (KYC) solutions provider iSignThis has launched legal action against the Australian Securities Exchange (ASX) over the decision to suspend, then fail to reinstate, trading of its shares.

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    Danish gambling regulator Spillemyndigheden has ordered 888 to improve its anti-money laundering processes after ruling that the online gaming operator’s licensed subsidiary in the country fell short of requirements set out in the national Money Laundering Act.

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    The Danish government is to increase the tax paid by the country’s licensed igaming operators to 28% of gross gaming revenue, claiming that this will ultimately raise DKK150m in new revenue.

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    The Republic of Ireland’s Minister for Justice and Equality, Charlie Flanagan, has announced plans to cap the maximum stake on gaming machines at €5 (£4.25/$5.51), while the top prize will be set at €500.

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    New Zealand’s Racing Industry Transition Agency (RITA) has revealed that turnover and profit for the year-to-date are both ahead of initial expectations, while the organisation remains hopeful that a second Racing Bill will be passed to come into force by June 2020.

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    A bill to impose a new 5% tax on the annual gross income of Philippines Offshore Gaming Operators (POGOs) has moved a step towards passing into law, after it was passed by the House Ways and Means Committee.

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    Latvia’s parliament has approved proposals to raise certain land-based gaming taxes in the country, including the measures in the 2020 budget.

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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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    The Swedish Gaming Authority (Spelinspektionen) has reported a 3.4% quarter-on-quarter decline in online gambling revenue for the Q3, ahead of it publishing full results for the period.

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    A lawmaker in the Philippines has proposed a new 5% tax on revenue generated by the country’s licensed online gaming operators, with the move securing the backing of the country’s finance secretary Carlos Dominguez III.

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    The Latvian parliament has submitted a proposal for the country's 2020 budget to increase gaming taxes levied on land-based gambling in the country.

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    The Italian government has announced an increase in the taxes on video lottery terminals (VLTs) and Comma 6A Amusement with Prize slot machines.

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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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    Sweden’s Administrative Court has moved to reduce Casino Cosmopol’s penalty fee for breaching licence conditions related to money laundering and terrorist financing to SEK3m (£242,508/€276,959/$305,316), but the national gambling regulator could appeal against the ruling.

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    Dutch gambling regulator Kansspelautoriteit (KSA) has handed fines to LeoVegas and its Royal Panda brand for offering online games of chance in the Netherlands without a gaming licence.

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    Petfre (Gibraltar) Limited, the online gambling operator trading as Betfred, has agreed a £322,000 (€357,588/$393,887) settlement GB Gambling Commission after it failed to carry out appropriate checks on a customer who gambled £210,000 of stolen money through its site.

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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 Kenyan government's struggles with the country's betting and gaming industry will hit mobile network operator Safaricom's revenue, with the contribution from its M-Pesa mobile payments solution set to decline, according to analysts for investment bank Genghis Capital.

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