Daily news

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    Lithuanian gambling revenue in the first half of 2020 fell by 15.9% to €43.8m (£4.0m/$5.2m) as the novel coronavirus (Covid-19) pandemic led to online revenue overtaking that of the land-based sector.

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    UK industry body the Betting and Gaming Council (BGC) has hit out against the suggestion of what it called an “arbitrary and random” monthly deposit cap, suggested in a report from think tank the Social Market Foundation.

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    Slot games in Great Britain should have mandatory stake limits of between £1 and £5, a £100 monthly “soft cap” should be set for deposits and the white label system should be abolished, according to a new report. It also calls for the Gambling Commission to be replaced with two distinct bodies; one to handle licensing and compliance issues, and another to handle customer protection.

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    The novel coronavirus (Covid-19) pandemic has hit International Game Technology (IGT) hard in the second quarter of 2020, with revenue dropping 48.4% and the business posting a net loss of $279.6m.

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    German betting and gaming operator Tipico is continuing preparations for its entry to the US market, selecting Scientific Games’ OpenGaming product suite for its New Jersey-facing igaming offering.

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    Spanish gambling revenue grew 12.5% year-on-year in the first quarter of 2020, thanks to growth across all verticals including sports betting, despite the suspension of major sporting events from mid-March due to novel coronavirus (Covid-19).

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    The Gambling Commission of Great Britain has launched a consultation onto changes to the design of online slots to make them safer for the consumers, in which it proposes banning autoplay functionality and quick spin features.

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    British gambling trade body the Betting and Gaming Council and the Gambling Commission have welcomed the House of Lords' committee recommendations for regulator change in Great Britain, while looking to highlight recent progress towards tacking gambling harm in the market.

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    Portuguese gambling regulator Serviço de Regulação Inspeção de Jogos (SRIJ) has granted a gaming licence to Bidluck SA, allowing the operation of online slots via its Bidluck.pt site.

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    The Regional Council of Darmstadt, the body responsible for licensing and prohibition under the third State Treaty on Gambling, looks set to develop transitional regulations rather than pursuing enforcement action against online casino and poker operators. 

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    Virtual sports and casino game developer Leap Gaming has seen gross gaming revenue rise 123% for the opening five months of 2020, with the business now expecting to post a profit in the third quarter of the year.

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    The British Gambling Commission has struck back at an All-Party Parliamentary Group (APPG) report which said it was “not fit for purpose”, dismissing the claims levelled at the regulator as “untrue”.

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    More gamblers in Sweden have decreased play than increased during the novel coronavirus (Covid-19) pandemic, but more than a quarter of high risk customers are playing more according to a Lund University study.

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    The Gambling Related Harm All Party Parliamentary Group (APPG) has published its final report on igaming harms, concluding that a range of strict new controls should be introduced, including a total prohibition on advertising and banning online in-play betting.

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    The percentage of the British public who have gambled appears to be in decline as lockdown continues, but online casino play is on the rise, according to new data from the Gambling Commission.

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    South African gaming and entertainment business Tsogo Sun Gaming said it lost an estimated ZAR400m in revenue as a result of the novel coronavirus (Covid-19) pandemic disrupting operations in its fiscal year ended 31 March, 2020.

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    Solutions giant Playtech has signed a deal with Svenska Spel Sport & Casino, the igaming arm of former Swedish monopoly Svenska Spel to roll out its portfolio of online casino and live dealer games in the market.

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    Latvian operator Enlabs has resumed operations in its home country after a temporary ban on gambling across all channels came to an end yesterday (9 June).

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    A new partnership formed today (3 June) will see Relax Gaming provide GVC Holdings with access to its proprietary slot titles, as well as a selection of games from its library of aggregated third-party content.

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    Lithuania’s land-based casino industry faces a “very high” risk from money laundering, while the remote gambling sector faces a high risk, according to a risk assessment carried out by the country’s government.

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