Daily news

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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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    The Kenyan Government has set out plans to introduce a new 10% tax on sports betting stakes as part of a wider effort to clamp down on problem gambling in the country.

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    The Central Bank of Ireland is to introduce a ban on the sale of binary options to retail investors and also restrict the sale of contracts for difference (CFD) products.

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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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    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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    The New Zealand government has confirmed it is to repeal the current betting levy on the country’s racing industry, with plans in place to phase this out over the next three years.

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    Swedish gambling regulator Spelinspektionen has handed six-figure fines to Betway and Mandalorian Technologies after finding them both in breach of regulations related to bonus offers in the country.

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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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    Unibet operator Kindred Group has reported an 8.0% year-on-year rise in revenue for the first quarter of 2019, though has seen earnings impacted by costs associated with its launch in Sweden’s newly regulated igaming market.

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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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    The European Gaming and Betting Association (EGBA) has called on the Portuguese authorities to review the country’s online gaming tax rate following reports that as many of 75% of players gambled via unlicensed sites in 2018.

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    Olympic Casino Group Baltija, a subsidiary of the Olympic Entertainment Group (OEG), has been fined €495,500 (£425,830/$556,330) by the Lithuania Gaming Control Authority for failing to verify the identity several customers who exchanged large sums of money at its casino tables.

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    Dutch gambling regulator Kansspelautoriteit (KSA) has fined Malta-based online gaming operator Casumo €310,000 (£266,300/$347,000) for illegally targeting consumers in the Netherlands.

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    GVC Holdings-owned bwin.party has been fined $81,000 (£61,700/€71,100) for allowing self-excluded players to gamble via its online platform in New Jersey.

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    Dutch gambling regulator Kansspelautoriteit (KSA) has moved to increase its fines for unlicensed online gambling activities in the country, after saying the previous penalties were not “terrifying” enough.

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    Dutch gambling regulator Kansspelautoriteit (KSA) has issued 1xBet with a fine of €400,000 (£344,200/$454,500) for targeting consumers in the country without permission.

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