New Zealand’s Racing Industry Transitional Authority (RITA) appears to have confirmed that racing venue closures are likely, though stressed that this was to be handled fairly as part of the ongoing industry overhaul.
New Zealand’s Racing Industry Transition Agency (RITA) has moved to address concerns over the new Racing Industry Bill, introduced as part of horse racing reforms in the country, dismissing fears that the legislation may not directly create any extra revenue for the market’s different racing codes.
New Zealand’s Racing Industry Transition Agency (RITA) has announced that recruitment is underway to find the first chief executive of TAB NZ following the completion of the country’s racing reform process.
The enactment of Federal Law No. 13,756/18 in December 2018 was followed by progress on developing regulations over the course of 2019. Now the stage is set for a successful launch in 2020, writes Neil Montgomery of Montgomery & Associados.
Betting services supplier Sports Information Services (SIS) saw a reduction in profits during the most recent financial year due to the challenges in the retail betting market and an increase in expenditure and investment.
Mississippi Gaming Commission figures reveal that the state’s sports betting market has seen revenue more than double year-on-year in November, though the monthly total fell sharply from October’s record sum.
Pennsylvania’s regulated sports betting market saw handle grow beyond $300m for the first time in November, thanks to a soaring mobile contribution, while online casino benefitted from a leap in table games stakes.
Sweden’s former horse racing monopoly operator Aktiebolaget Trav och Galopp (ATG) has been handed a warning after an investigation by Spelinspektionen, the country’s gaming regulator, found that bookmakers had been allowed to operate at racecourses without the necessary approvals.
France’s Senate has passed a budget bill for 2020, including an amendment to calculate gambling tax based on gross gaming revenue (GGR) rather than turnover. The budget amendments still require approval from the National Assembly before they can come into law.
New Zealand’s Minister for Racing, Winston Peters, has introduced the Racing Industry Bill, a piece of racing reform legislation that has already received support from the Racing Industry Transition Agency (RITA).