| iGaming Business

daily_news
12 December 2019
Amended Norway payment ban to come into effect in January
Norway’s gambling regulator Lotteritilsynet has revealed that it will have greater power to block transactions to and from unlicensed operators in the country as a result of amendments to laws on payments.
article
5 December 2019
Italy iGaming Dashboard - November 2019
A sharp year-on-year drop in poker revenue led to Italy’s regulated online gambling market reporting a marginal decline in October, the latest figures from Ficom Leisure show.

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daily_news
5 December 2019
iSignThis launches legal action over ASX share suspension
Payments and Know Your Customer (KYC) solutions provider iSignThis has launched legal action against the Australian Securities Exchange (ASX) over the decision to suspend, then fail to reinstate, trading of its shares.
daily_news
4 December 2019
Danish regulator orders 888 to strengthen AML processes
Danish gambling regulator Spillemyndigheden has ordered 888 to improve its anti-money laundering processes after ruling that the online gaming operator’s licensed subsidiary in the country fell short of requirements set out in the national Money Laundering Act.
daily_news
3 December 2019
Danish government raises igaming tax in 2020 budget
The Danish government is to increase the tax paid by the country’s licensed igaming operators to 28% of gross gaming revenue, claiming that this will ultimately raise DKK150m in new revenue.
daily_news
28 November 2019
Ireland to set new max stakes and prizes on gaming machines
The Republic of Ireland’s Minister for Justice and Equality, Charlie Flanagan, has announced plans to cap the maximum stake on gaming machines at €5 (£4.25/$5.51), while the top prize will be set at €500.
daily_news
26 November 2019
Cautious optimism at RITA as profit beats early expectations
New Zealand’s Racing Industry Transition Agency (RITA) has revealed that turnover and profit for the year-to-date are both ahead of initial expectations, while the organisation remains hopeful that a second Racing Bill will be passed to come into force by June 2020.
daily_news
20 November 2019
Philippines POGO tax bill passed by House committee
A bill to impose a new 5% tax on the annual gross income of Philippines Offshore Gaming Operators (POGOs) has moved a step towards passing into law, after it was passed by the House Ways and Means Committee.
daily_news
15 November 2019
Latvian parliament approves higher gambling taxes
Latvia’s parliament has approved proposals to raise certain land-based gaming taxes in the country, including the measures in the 2020 budget.
daily_news
12 November 2019
eLBA: Irish lottery licence terms harming good causes
The current licence terms for the Irish National Lottery are limiting the amount of funds raised for good causes in the country, with a new report by Dublin City University suggesting that up to €43m (£36.9m/$47.4m) is being lost.
daily_news
5 November 2019
OPAP secures Greek approval for Stoiximan acquisition
The Hellenic Competition Commission (HCC) has given its approval to OPAP’s pending acquisition of a majority stake in Stoiximan Group’s Greek and Cypriot operations.
news_analysis
3 November 2019
Inmates running the asylum
While UK loyalists caught in the regulatory and political storm in the UK may be tempted to point to Sweden and say they’ve got it much worse, they’re simply clutching at straws, argues Julian Buhagiar. They could be waiting up to three years for new rules that reflect post-EU business realities

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daily_news
30 October 2019
Czech Ministry of Finance defends gambling tax hike
The Czech Republic Ministry of Finance has defended its decision to introduce higher taxes on certain gambling activities, after a national newspaper claimed the increases would harm the country's land-based market.
daily_news
29 October 2019
Swedish igaming revenue declines in third quarter
The Swedish Gaming Authority (Spelinspektionen) has reported a 3.4% quarter-on-quarter decline in online gambling revenue for the Q3, ahead of it publishing full results for the period.
daily_news
23 October 2019
Philippines to consider new 5% tax on POGOs
A lawmaker in the Philippines has proposed a new 5% tax on revenue generated by the country’s licensed online gaming operators, with the move securing the backing of the country’s finance secretary Carlos Dominguez III.
daily_news
22 October 2019
Italy to increase VLT and AWP taxes
The Italian government has announced an increase in the taxes on video lottery terminals (VLTs) and Comma 6A Amusement with Prize slot machines.
daily_news
22 October 2019
Latvia proposes slot and table game tax increases
The Latvian parliament has submitted a proposal for the country's 2020 budget to increase gaming taxes levied on land-based gambling in the country.
daily_news
21 October 2019
FDJ secures regulatory approval for November IPO
French gaming operator La Française des Jeux (FDJ) has secured approval from the country’s stock market regulator to proceed with its initial public offering (IPO), in a move that marks the first step towards the privatisation of the business.
daily_news
14 October 2019
Swedish court cuts Casino Cosmopol money laundering penalty
Sweden’s Administrative Court has moved to reduce Casino Cosmopol’s penalty fee for breaching licence conditions related to money laundering and terrorist financing to SEK3m (£242,508/€276,959/$305,316), but the national gambling regulator could appeal against the ruling.
daily_news
10 October 2019
Betfred pays £322,000 over failings in fraudster case
Petfre (Gibraltar) Limited, the online gambling operator trading as Betfred, has agreed a £322,000 (€357,588/$393,887) settlement GB Gambling Commission after it failed to carry out appropriate checks on a customer who gambled £210,000 of stolen money through its site.

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