Daily news

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    Changes to the GB Gambling Commission's Licence Conditions and Codes of Pratice (LCCP) that aim to raise standards for alternative dispute resolution (ADR) and consumer interaction have come into effect today (31 October).

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    After another difficult quarter, Betsson chief executive Pontus Lindwall has talked up the possibility of acquisitions and expansion into new markets, after the operator reported year-on-year declines in revenue and profit for the third quarter of the year.

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    Svenska Spel has appointed former LeoVegas chief marketing officer Petra Blixt as head of sales and marketing for its igaming subsidiary Svenska Spel Sport & Casino.

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    Sportradar says it has become a fully integrated turnkey sports betting provider after acquiring Spanish sportsbook and igaming platform Optima for an undisclosed sum.

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    Centrist political party the Liberal Democrats has waded into the ongoing debate on responsible gambling in the UK, calling for a complete overhaul of the gaming sector’s approach to tackling responsible gambling.

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    Board members at Flutter and The Stars Group further outlined the details of the synergies from the companies’ mega-merger, while also assuring stakeholders that the deal would pass any competition-related hurdles.

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    The Belgian Gaming Commission (BGC) has launched a consultation on the sweeping advertising restrictions that came into effect from 1 June this year, through which it is looking to understand the challenges operators face in complying with the new controls.

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    Lawmakers representing Schleswig-Holstein’s ruling coalition have put forward a number of key regulatory objectives for the renegotiation of Germany’s federal gaming laws ahead of the annual meeting of state heads and chancellors.

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    The Australian Federal Police (AFP) has closed a three-year investigation into allegations of bribery made against lotteries and betting operator Tabcorp due to a lack of evidence.

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    Betclic Everest Group’s bet-at-home has revealed that it expects to receive an €11.9m (£10.7m/$13.1m) bill from the Austrian tax authorities, relating to the activities of its Linz-based subsidiary. This has prompted it to make changes to its intercompany invoicing practices, which will then see its annual tax burden increase by €5.0m.

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    Hesse has repeated its threat to break away from Germany’s other 15 federal states and develop its own regulatory framework for gambling should lawmakers fail to overhaul the country’s laws by 2021.

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    The decision to grant Casinos Austria International (CAI) online betting and casino licences has been annulled by Belgium's Council of State, potentially throwing the future of its sub-licensee Betway in the market into doubt.

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    Austrian gaming giant Novomatic has reported a 1.8% year-on-year fall in revenue for the first half of its financial year, with changes to gaming regulations in core markets such as Germany and Italy blamed for the decline. This led to significant increases in depreciation and amortisation, which drove down profit for the period.

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    A report on the Swedish Gaming Authority’s (Spelinspektionen) enforcement efforts in the country’s igaming market has concluded that many licensees are simply “unaccustomed” to its regulatory approach.

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    The state of Nordrhein-Westfalen claims criticism of the third amended State Treaty on Gambling by the European Commission will not lead to any major changes to the wording of the legislation.

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    The European Commission has once again criticised Germany's proposed regulatory framework for gambling, warning that the short term legislation offered little incentive for operators to secure licences.

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    Swedish operator AB Trav och Galopp (ATG) has reported a 2% year-on-year rise in net gaming revenue for the first half of 2019, but admitted that increased competition around horse racing had proved a challenge during the period.

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    Increased B2C revenue resulting from Playtech’s 2018 acquisition of Italy’s Snaitech offset a decline in B2B revenue for the gaming solutions giant in H1, though the deal also resulted in increased depreciation and amortisation, and financial costs, which hit profits.

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    PlanetWin365 operator SKS365 has been issued with a tax inspection report claiming that it owes €124m to the Italian authorities, having failed to declare significant revenue generated in the country's regulated gambling market.

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    Performance marketing specialist Raketech Group has reported a 6.1% year-on-year decline in revenue for the second quarter of 2019, though reduced costs saw it significantly increase its profit for the period.

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