Key developments in 2018 come to fruition this year, with point of consumption tax and consumer protection issues set to ring big changes in the Australian gambling industry, according to Addisons senior Associate Karina Chong and partner Jamie Nettleton.
The first day’s panels at ICE VOX 2019 saw speakers talk up the need for cooperation between operators and regulators if the industry is to survive in the face of increasing regulatory pressure and worsening public opinion. Speakers also highlighted the importance of clarity on issues such as the Department of Justice’s reinterpretation of the Wire Act and what is expected of operators when it comes to player protection.
In conjunction with Ash Averill of DLA Piper London, iGaming Business provides a regulatory snapshot of the European online gaming and betting markets, which includes all regulated gambling products and legalised operator types within each country and impending market updates (where applicable).
The regulatory framework for Dutch igaming is becoming clearer, although the first licences are unlikely to be issued before 2016. But as Younes Moussaoui and Justin Franssen of Kalff Katz & Franssen write, a tax rate of 20% gross gaming revenues or lower will depend on how much of the illegal market is driven out once regulation comes in.
Grant Humphrey, assistant director of transaction support at Ernst & Young, asks whether there is a correlation between UK betting and gaming revenue and the performance of the UK economy and how listed companies' shares are affected by the ups and downs of economic cycles.
Check out the second instalment of the H2-iGaming Dashboard for your monthly overview of the igaming sector in numbers. As part of the iGaming Business Intelligence and Analysis Centre, H2 and iGB are working on new projects to provide you further datasets and market overviews in 2014.
The online gaming and betting sector seldom mentions the lottery vertical, but for Matteo Monteverdi, GTech senior vice-president of igaming, lotteries are likely to play a key role in the growth and development of igaming, especially in the US.