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Novus toasts Xmas party lift as revellers splash out

first_imgMonday 17 January 2011 8:31 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap whatsapp Tags: NULL CHRISTMAS revellers helped the owner of the Tiger Tiger bar chain to a boom in sales.Novus Leisure, the privately owned bar and restaurant operator – it also has Babble, Jewel and the Zoo Bar in Leicester Square – enjoyed an almost eight per cent surge in revenues in December and late November. Chief executive Steve Richards said: “City boys splashed out in anticipation of bonuses.“The key driver for the London market is corporate parties and events, where there was a huge surge in bookings.” Novus has 38 venues and wants to expand to 100. At the moment Barclays Ventures and Royal Bank of Scotland are the backers and management own 22.5 per cent of the equity of the group. Novus toasts Xmas party lift as revellers splash out Show Comments ▼center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com KCS-content Sharelast_img read more

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Mitsubishi to invest £1.76bn in Indonesia

first_imgMonday 24 January 2011 7:12 pm Show Comments ▼ Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads Share whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img JAPAN’S biggest trading house, Mitsubishi, has decided to invest in a liquefied natural gas project worth $2.8bn (£1.76bn) in Indonesia via a joint venture, shoring up the confidence of investors who once feared the deal might go awry.Securing two million tonnes of LNG a year from 2014 would have little impact on the world’s energy supply, but the new project will supplement a decline in LNG exports from Indonesia, the world’s third biggest exporter of the fuel, and signal multilateral cooperation by sharing the burden of often costly resource development.Mitsubishi will take a 45 per cent stake in the joint venture, instead of 51 per cent earlier planned, the company said in a statement yesterday, in a move that helps brings in another partner, Korea’s state-run Kogas.Korea Gas, the company that is the world’s number one buyer of LNG, will have a 15 per cent stake in the joint venture, PT Donggi-Senoro LNG, underscoring the state-run entity’s push to invest in overseas oil and gas.Mitsubishi and Kogas will set up a special purpose company for the Donggi-Senoro project to produce and sell LNG at a plant in Sulawesi with a capacity of two million tonnes a year. Nearly 72 per cent of the production at the gas fields the joint venture will buy from has been earmarked for export via the LNG plant.The other partners are Indonesian state energy firm Pertamina, with 29 per cent, and PT Medco Energi International of Indonesia, with the remaining 11 per cent. KCS-content Mitsubishi to invest £1.76bn in Indonesia whatsapplast_img read more

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Pace in talks to launch digital service in India

first_imgThursday 3 February 2011 7:55 pm UK set-top box maker Pace is in talks with a satellite provider to launch a new digital service in India.The discussions are believed to be with pay-TV operator Tata Sky, a joint venture between Indian conglomerate Tata and News International-owned Star TV.Analysts say the deal will not lead to a rush of sales of its products but bodes well for the future.Ian Robertson of Seymour Pierce said: “While we are urging caution in terms of the direct impact, this news should serve as a reminder to the market that there are new and growing markets for the products that Pace supplies.”The company bought US technology firm 2Wire in July to broaden its customer base beyond satellite and cable and into the rapidly expanding internet TV market. Pace has seen sales of its boxes rocket as HD TV services have moved to the mainstream. Tags: NULL Show Comments ▼ Pace in talks to launch digital service in India whatsapp Share whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof KCS-content last_img read more

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BT surprises the market as profits surge

first_img Share BT surprises the market as profits surge whatsapp KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Tags: NULLcenter_img BT shares jumped over three per cent yesterday after the telecoms giant unveiled better than expected results, buoyed by improvements at its Global Services division.BT’s core profit rose seven per cent to £1.48bn in the last quarter of 2010, despite a three per cent sales decline, as it continued to slash costs. Global Services’ sales fell seven per cent but its profit margin jumped an impressive 7.1 per cent. Technology research firm Ovum said the performance was surprisingly strong, with the division having undergone a massive restructuring.Analyst Mark Giles said: “This is a huge bonus for the group – it shows it has cleared up some bad commercial deals very effectively.”BT retail gained broadband market share in the quarter, adding 188,000 customers, or 53 per cent of new business in the sector. This was partly due to strong take-up of its BT Vision internet TV service, which more than doubled its quarterly uptake with 40,000 net additions. But the division still reported its tenth successive quarter of consumer revenue decline, down four per cent, compared to business revenue up one per cent. Overall revenue at the division fell three per cent to £1.97bn from £2.02bn a year earlier. However, Ebitda jumped four per cent in the same period to £452m.Chief executive Ian Livingston said: “Retail had a good quarter with our highest share of DSL broadband net additions for eight years. If you want cheap and cheerful, we’ve got it; if you want the best, we’ve got it.”BT’s pension deficit, which in December 2008 stood at £9bn, fell to £3.7bn thanks to improvements in the market, a change to statutory accountancy methods and BT’s £525m annual contribution. The stock closed up 3.6 per cent at 184.9p. Show Comments ▼ whatsapp Thursday 3 February 2011 7:57 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionHero WarsThis game will keep you up all night!Hero WarsOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeBrake For ItThe Most Worthless Cars Ever MadeBrake For ItThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar Programlast_img read more

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Dresdner bankers set for bonus case

first_img COMMERZBANK faces a high-profile lawsuit from 104 of its investment bankers over a bonus dispute, after the Court of Appeal yesterday rejected the bank’s request to dismiss the case. Current and former bankers, who worked for Dresdner Kleinwort before Commerzbank took it over in 2009, are suing to recover €52m (£44.7m) in bonus payments from 2008 and will now prepare for a full trial in 2012. The case could force Commerzbank to reveal details of Dresdner’s bonus decisions and set a precedent for other banks that have withheld bonuses when the company was struggling.Commerzbank argues that the bank was entitled to slash bonus awards because the bank’s economic conditions had materially changed, based on Dresdner’s €6.2bn losses during the bonus period.The court has heard that bankers learned about a guaranteed €400m bonus pool during a meeting in August 2008, but the bank ended up paying out around €272m.The court yesterday allowed the bankers to argue that contractual promises were made during internal meetings, as well as in written form, in a blow to the bank’s case.Judge Andrew Morritt said: “I see no reason why the promise of a guaranteed minimum bonus pool cannot be contractually binding even though individual employees cannot at the time point to an entitlement to a specific bonus payable out of it.“At the very least each of them would be entitled to nominal damages for its breach,” he added. Commerzbank said it was disappointed by the decision but that it will defend itself against the claims. The bank declined to comment on whether it might appeal the latest judgment or consider a settlement.Law firms Stewarts and Mishcon de Reya are representing the bankers, while Linklaters is acting for the bank. KCS-content Tuesday 8 March 2011 9:09 pm whatsapp Dresdner bankers set for bonus case More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Sharecenter_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapp Tags: NULLlast_img read more

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New Sky Bet CEO as regulator clears Stars’ takeover

first_img Richard Flint replaced by Ian Proctor as CEO after CMA approves acquisition by Stars Topics: Sports betting Strategy AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: UK & Ireland Subscribe to the iGaming newsletter Ian Proctor has replaced Richard Flint as the CEO of Sky Betting and Gaming (SBG) after the operator’s $4.7bn (£3.6bn/€4bn) takeover by The Stars Group was finally approved today (Thursday) by the UK’s competitions regulator.Proctor, previously SBG’s chief financial officer, will step into a role that had been held by Flint for a decade. Flint will become executive chairman, while Conor Grant, previously director of SBG’s gaming brands, Sky Bingo, Sky Casino, Sky Poker and Sky Vegas, will be the new chief operating officer. Grant will report to Proctor, while both Proctor and Flint will report to Stars CEO Rafi Ashkenazi.The CMA will publish a full explanation of its decision to rubber-stamp the deal next week. However, iGamingBusiness.com understands that there were no conditions attached to the “clean approval” by the regulator, which found “no concerns” after having halted the integration of the two parties in July.Stars, which struck the acquisition deal with CVC Capital Partners and Sky PLC, said that its integration plans, including “the delivery of expected cost synergies”, would now be executed.Ashkenazi has previously said that the takeover would “dramatically improve The Stars Group’s revenue diversity, creating a balanced spread across poker, casino and sportsbook with a broad geographic reach”.Stars also confirmed today that it had appointed Andy Burton as senior vice-president of its global sports platform division, as well as Vaughan Lewis as group director of investor relations and corporate communications.“We believe these appointments position us well to deliver our strategy to become the world’s favourite iGaming destination,” Ashkenazi said.Flint added: “I am confident that the new management structure, which includes an operational board for SBG, will allow us to maintain our unique culture that has delivered success over the years and continue delivering market share gains in the UK online betting and gaming market, building on our position as the UK’s most popular online betting brand.”Proctor was appointed as SBG’s chief financial officer in 2008 after having worked in a number of senior finance roles at Sky since the mid-1990s.Grant, who previously worked for Paddy power, Blue Square and Boylesports, joined SBG in 2010 as the head of sportsbook products and director of products before becoming director of SBG’s gaming brands in 2014.center_img New Sky Bet CEO as regulator clears Stars’ takeover 11th October 2018 | By contenteditor Sports betting Email Addresslast_img read more

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Kambi’s predictions for 2019

first_img Subscribe to the iGaming newsletter 10th January 2019 | By Louella Hughes Sports betting Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img In the third and final video in Kambi’s ‘Freedom’ campaign and in the run-up to ICE, Max Meltzer, chief commercial officer at Kambi discusses the company’s predictions for 2019.The first prediction discussed surrounds regulation, with Kambi believing continued regulation in countries such as the US will prompt operators to review strategy and technology the world over.Meltzer says: “I would say this causes great opportunity, but also causes problems as well for businesses.”Meltzer also details the company’s predictions surrounding the evolving focus on data for sports betting, and in particular how the US market will tackle the challenge.He says: “I think the interesting thing for us as an industry to consider is as the US does launch and do different sports data deals and as that reverberates around the world is ‘are we keeping a level playing field in the way that we distribute sports data, particularly to our bookmakers?”Finally, Kambi predicts that tech firms will increasingly look at entering the sports betting market.Meltzer explains that companies that already have sports assets such as streaming rights, statistics rights or broadcasting rights may look to sports betting as a new revenue stream.The continual development of the sports betting market globally will remain a topic of high interest over the course of the year, and we look forward to seeing if Kambi’s predictions play out.Watch the second video in this series here. Topics: Sports betting Kambi’s predictions for 2019last_img read more

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Wiggin EU regulation roundup – August 2019

first_imgBingo Topics: Casino & games Legal & compliance Sports betting Bingo Poker Email Address Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Wiggin EU regulation roundup – August 2019center_img In conjunction with Chris Elliott and Beth French of Wiggin LLP, iGB provides a regulatory snapshot of igaming across the EU. Denmark, Germany, Norway and the Netherlands are among those updated for this editionAUSTRIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Licences for sports betting and horse race betting are available for private operators on a regional basis within Austria, whereas poker, casino, bingo and lottery are controlled by the monopoly, Casinos Austria, which has exclusive rights until 2027. Status: The CJEU has held that the Austrian casino monopoly is incompatible with EU law in a number of cases, although national courts continue to reach conflicting decisions on the compatibility of Austria’s current gambling legislative framework with EU law and the position remains unclear. BELGIUM  Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery.} Operator type: All products are available to private operators except for lotteries, which are reserved exclusively for the monopoly provider. However, online operators need to partner with a land-based licence holder in order to satisfy a local establishment requirement; alternatively, apply for one of the retail licences that can be extended to cover online. Status: There remain valid arguments that the existing regime is incompatible with Belgium’s EU Treaty obligations. Active enforcement measures against operators and players are in place. On 1 January 2019, a royal decree on the operation of games of chance partially entered into force, introducing restrictions on increases to stake limits. The rest of the provisions, which restrict gambling advertising, entered into effect on 1 June 2019.BULGARIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery (excluding raffles and instant lottery games). Operator type: All products are available to private operators except for lotteries, which are reserved exclusively for the monopoly. Status: Any operator from an EU/EEA jurisdiction or the Swiss Confederation can apply for a licence. The Bulgarian regulator has awarded approximately 28 licences to date, including to a number of international operators. The government has proposed amendments to the country’s gambling legislation which, among other things, would introduce stringent restrictions on gambling advertising. Active ISP-blocking is in place.CROATIA  Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All products are available to private operators except for lotteries, which are reserved exclusively for the monopoly provider. Private operators can only be licensed to offer online gambling if they obtain a land-based casino or betting licence. Status: It was understood that Croatia would submit new legislation following its accession to the EU in 2013 but attempts on the Ministry to update its gambling legislation have been subject to similar criticism in respect of EU incompatibility issues (including the requirement that only holders of land-based licences can offer online gambling). Regulatory reforms appear to have stalled in the country. CYPRUS Regulated gambling products: Sports betting, horse race betting and lottery. Operator type: OPAP has a monopoly over lottery operations; sports betting licences are available to private operators. Status: Cyprus regulated online betting in July 2012, although a licensing regime was not established until 2016. ISPs are obliged to implement blocking measures to prohibit Cypriot residents from accessing unlicensed gambling websites. A new betting law, which entered into force in March 2019, replaces the 2012 Betting Law. The provisions of the new law are substantially the same, with minor amends introduced to address EU incompatibility concerns under the previous law (such as the requirement to have a local branch in order to obtain a sports betting licence).  CZECH REPUBLIC Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: EU and EEA-based operators are able to apply for licences. Status: The new gambling regulatory regime entered into force in the Czech Republic on 1 January 2017, allowing EU/EEA companies to enter the market. ISP-blocking measures are active in the jurisdiction. Tax rates are reportedly set to increase to up to 30% of GGR for certain online gambling activities from January 2020.DENMARK Regulated gambling products: Sports betting, fantasy sports, horse race betting, poker, casino, bingo and lottery. Operator type: Sports betting, poker and casino licences are available to private operators. Lottery is controlled by the state monopoly. Status: The Danish online gambling regime went live on 1 January 2012. ISP-blocking measures are active in the jurisdiction and the Danish Gaming Authority has been granted an injunction to block operators and suppliers that have been targeting Danish customers without the requisite licence. As of July 2019, a number of player protection measures are understood to have been introduced including a voluntary code of conduct relating to marketing and requirements for players to set deposit and bonus limits. ESTONIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Licences for all gambling products are available to private operators save for lotteries, which are reserved exclusively for the monopoly operator. Status: Operators seeking to accept business from players in Estonia must be issued an activity licence for the type of gambling they wish to offer, then an operating permit to provide the services remotely. A blacklist of operators is maintained and updated by local authorities and ISP and payment blocking is in force. Though some operators argue that the regime is still not compatible with EU law, no notification alleging incompatibility has been issued by the EC since the requirement for licensees to main servers in Estonia was removed. FINLAND Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All gambling products are under the exclusive control of monopoly provider Veikkaus Oy. Status: Despite the existence of a national monopoly, EC enforcement action was dropped subsequent to various changes to Finnish laws. Active enforcement measures are in place (restrictive marketing for offshore operators in particular) and the new government is exploring measures to further restrict the offshore supply of gambling services. FRANCE Regulated gambling products: Sports betting, horse race betting, poker, bingo and lottery. Operator type: Private operators can obtain online licences for sports betting, horse race betting and poker. The monopoly has exclusive rights to bingo and lottery. Status: A regulated market since the introduction of a licensing regime in 2010, following which the EC withdrew its infringement proceedings. Law 2019-486, providing for the privatisation of the state-owned operator of France’s national lottery games, Française des Jeux (FDJ), has been published in the French Official Journal. Broader regulatory changes to the online sector expected to follow. GERMANY Regulated gambling products: Schleswig-Holstein, a small northern-German state, regulates sports betting, horse race betting, poker, casino and bingo. The other 15 states of Germany currently permit only sports betting and horse race betting. Operator type: Private operators can no longer obtain licences in Schleswig-Holstein under the existing regime, although S-H has approved legislation to reinstate existing licences until 2021 (with operations allowed to continue in the interim). S-H has also introduced a quasi licensing regime for sports betting (intended to be of a transitional nature). In the other 15 states, horse race betting licences are available at a regional level but the position surrounding the 20 available sports-betting licences is still uncertain pending the ratification of the 3rd Amendment Treaty. Status: The main legal framework for gambling regulation in Germany has been the subject of much debate and has been heavily criticised by the EC and interested parties/states within Germany for a number of years. Discussions to reform the existing legislation have resulted in the approval of the 3rd Amendment Treaty on 21 March 2019. The Amendment proposes to remove the limit on the number of sports betting licences and re-introduce a sports betting process. The ban on online casino will remain in place, although there is an exception to the prohibition for S-H. The Amendment still needs to be ratified by each German state by 31 December 2019 before it can become binding law across Germany. The German state of Lower Saxony has taken steps to prevent PSPs from facilitating transactions between German players and online casino operators, and further enforcement action appears likely. GREAT BRITAIN Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All licences are available to private operators save for lottery, which is reserved exclusively for the monopoly provider, Camelot. Status: Any operator that transacts with, or advertises to, British residents requires a licence from the Gambling Commission. Licensed operators are required to source gambling software from commission-licensed businesses. Remote Gaming Duty has been increased to cover a shortfall in lost tax revenue resulting from a reduction in maximum stakes on fixed odds betting terminals from £100 to £2. Both changes took effect 1 April 2019. GREECE Regulated gambling products: Sports betting, horse race betting and lottery. Operator type: All products are exclusively reserved for the monopoly providers, although 24 transitional licences for private operators remain active, with all products permitted. Status: The enabling regulations that implement a Greek online gambling licensing regime are yet to be implemented. In 2012, a ‘transition period’ commenced, whereby the Greek government granted 24 transitional licences to operators, enabling them to keep transacting with Greek residents. The Government has submitted draft amendments to the country’s Gambling Law to the EC approval which, if implemented as proposed, will introduce an open licensing regime for online sports betting, live casino and peer-to-peer poker. The right to permit RNG-based casino games has been reserved to the Ministry of Finance (on recommendation of the Hellenic Gaming Commission). HUNGARY Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Only the state monopolies (Szerencsejáték Zrt. and Magyar Lóversenyfogadást-Szervezo Kft) and local concession companies can apply for a licence. Status: Amendments to Hungarian gambling law came into force on 1 October 2015 and allow only two land-based casinos to hold remote casino concessions. The regulator has since issued fines, a number of which have been challenged, against unlicensed operators that continue to target the market. In June 2017, the ECJ determined Hungary’s gambling regime to be incompatible with Article 56 TFEU. A subsequent ECJ decision in February 2018 ruled against the Hungarian requirement that online gambling operators must have a land-based licence to offer online gambling services to Hungarian citizens, further strengthening arguments that the current regime is incompatible with EU law. The Hungarian Ministry of Justice has stated its intention to continue to seek to enforce the existing regime despite the most recent ruling. A draft bill that would introduce payment-blocking measures was notified to the EC on 15 December 2017, although the bill appears to have stalled. IRELAND Regulated gambling products: Online gaming is not specifically accounted for in Ireland’s outdated legislation and as such is currently unregulated. Operator type: Online betting regulated since August 2015. Status: Ireland has been contemplated updating its legislation, which will create a comprehensive igaming regime, for some time. In April 2019, an inter-departmental working group on the future licensing and regulation of gambling published a report indicating that a reform of Irish betting and gaming laws may finally be going ahead in the near future. Legislative progress is not expected until late 2019 at the earliest. ITALY Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Fully regulated market, although lotteries are the subject of a state monopoly. Status: Remote gambling licences are granted within specific application windows. The last tender process for applications closed on 19 March 2018. On 7 August 2018, the Italian parliament approved a decree which prohibits gambling advertising and sponsorship. The ban took effect on 14 July 2018, although ongoing advertising and sponsorship contracts remained valid until the earlier of their expiration date or 14 July 2019. The Italian communications regulator recently released guidelines for the ad ban with the hope of clarifying its scope. LUXEMBOURG Regulated gambling products: Lottery. Operator type: Monopoly. Status: The general prohibition on gambling appears sufficiently wide to cover all forms of online gambling. MALTA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Private operators can apply for a local licence (except for lottery products). Status: Malta has approved a new Gaming Act that replaces all existing gaming legislation with a single piece of legislation, supplemented by secondary legislation. The Gaming Act, with directives and regulations, is effective 1 August 2018. NETHERLANDS Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Monopoly for all products. Status: On 19 February 2019, the Dutch parliament approved the Remote Gambling Bill, which will introduce an online gambling licensing regime. It is understood that operators that have directly ‘targeted’ the Dutch market will face a two-year cooling-off period before being eligible for a licence. Implementation of a licensing regime will not likely emerge for some time. In the interim, the regulator is expected to continue to implement enforcement measures against operators targeting Dutch players. NORWAY Regulated gambling products: Sports betting, horse race betting and lottery. Operator type: Online gambling is reserved for the two monopoly providers, Norsk Tipping and Norsk Rikstoto. Status: The monopoly has extended its offering to include live betting, online bingo and casino games in an attempt to redirect traffic from unlicensed sites. The Norwegian regulator continues to step up enforcement efforts against unregulated operators, local banks and payment service providers. The government has also adopted measures to stem the flow of gambling supply from offshore, including enhanced enforcement powers to prevent gambling advertising from abroad and ISP and payment blocking.POLAND Regulated gambling products: Sports betting, horse race betting, casino and poker. Operator type: Betting licences are available for companies with a representative in Poland. Casino and poker are reserved for a state monopoly. Status: Legislation enacted 1 January 2012 permits betting. Online gaming (including poker) is no longer prohibited as of 1 April 2017, although the exclusive rights to offer such products are reserved for a state monopoly. Provisions that provide for the establishment of a blacklist of unlicensed operators and ISP and payment blocking came into force on 1 July 2017. The blacklist contains more than 1,000 domain names.  PORTUGAL Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Any EU/EEA operator can apply to be granted a licence for online gambling. Lottery games and land-based fixed-odds sports betting remain reserved for a monopoly. Status: A regulated market since 2015. Although operators can now apply for licences, their Portuguese revenue streams are subject to comparatively high tax rates, particularly in sports betting (8-16% tax on turnover). In 2015, the RGA filed a state-aid case with the EC challenging the Portuguese betting tax as breaking EU trade rules. ROMANIA Regulated gambling products: Sports betting, horse race betting, casino, bingo and lottery. Operator type: Any operator from an EU/EEA jurisdiction or the Swiss Confederation can apply for a licence. Lottery games remain reserved for the monopoly. Status: The Gambling Law (as amended) introduced a legal framework for a fully regulated online gambling market and requires licences to be held by online gambling operators, as well as software providers, payment processors, affiliates and testing labs. After some delay, the secondary legislation that fully implemented the new licensing regime came into force on 26 February 2016. In December 2018, the Romanian government approved an ordinance which, among other things, introduces a new 2% tax on player deposits for online gambling operators as of 1 January 2019. SLOVAKIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Private operators can apply for licences for online casino as of 1 March 2019 and for sports betting licences from 1 July 2019. Lottery and bingo remain reserved for the monopoly provider. Status: A new Gambling Law came into force on 1 March 2019. The Gambling Law allows private operators outside of Slovakia to apply for licences for sports betting and casino, although sports betting licences will not enter into effect until July 2020.SLOVENIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Online gambling must be operated by land-based casinos or lotteries and, as a result, only the monopoly holds online licences in Slovenia. Status: Draft amendments to the Gaming Act were published in 2015, which aim to remove the current local establishment requirement. The proposal, which is yet to be submitted to the Slovenian parliament, was expected to be adopted in early 2019. Whether any amendments will introduce a formal licensing system remains unclear.SPAIN Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Private operators can apply for licences for all gambling products save for lottery. Status: Operators must hold a general licence and a specific licence, both issued by the National Gambling Commission, for each activity. Remote gambling licences are granted within specific application windows. The last tender process for applications closed on 18 December 2018. The 2018 parliamentary budget was passed into law in June 2018, resulting in a reduction to gambling tax effective as of 1 July 2018. The DGOJ has introduced a number of new player protection initiatives. More stringent restrictions on gambling advertising in the country may take effect in the near future.  SWEDEN Regulated gambling products: Betting (including sports, horse race, pool, exchanges), casino, poker, bingo and lottery. Operator type: Licences are available for private operators. Status: As of 1 January 2019, Sweden is a fully regulated market. All gambling operators that wish to offer their services to Swedish residents will be required to obtain a licence in order to validly do so (either a ‘betting’ licence or a ‘commercial online games’ licence, depending on the product(s) being offered). Active enforcement measures are in place and the Swedish regulator has already issued a number of monetary fines to licensed operators for self-exclusion and marketing failures.WIGGIN is a law firm dedicated to supporting the media, entertainment and gaming sectors. Its market-leading betting and gaming group provides specialist legal services to an array of gambling industry stakeholders. We advise many of the world’s leading gambling operators and suppliers and also enjoy helping entrepreneurial, interactive start-up businesses. If you’d like to hear more, contact us at [email protected] Tags: Card Rooms and Poker Online Gambling 31st July 2019 | By Stephen Carter Regions: Europelast_img read more

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Playson secures full approval in Sweden

first_img Playson secures full approval in Sweden Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Nordics Sweden Casino software developer Playson has secured full approval in the regulated Swedish market, confirming that its full range of gaming content is now fully compliant and certified in the country. Topics: Legal & compliance Legal & compliance Tags: Online Gambling Casino software developer Playson has secured full approval in the regulated Swedish market, confirming that its full range of gaming content is now fully compliant and certified in the country.Playson completed a security audit following a rigorous testing process across its engineering, integration and product departments, placing its gaming content in line with requirements set out by national regulator Spelinspektionen.The developer is already active in Sweden and its content is live with a number of licensed operators in the country.“Sweden is an important market for us and to have our offering made fully compliant is an important move for the company,” Playson’s compliance manager, Liubomyr Bedratiuk, said.“As an agile provider, we have a strong infrastructure in place that can react quickly to regulatory changes. We are fully committed to working in regulated markets and look forward to consolidating our presence in Sweden over the coming months.” 6th August 2019 | By contenteditor Subscribe to the iGaming newsletterlast_img read more

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Glasgow to consider proposals for new gambling framework

first_img Regions: UK & Ireland Topics: Legal & compliance Email Address Glasgow City Council is to stage a summit with academics, third sector, health professionals, youth workers and individuals who have suffered with gambling problems in order to examine related challenges in the Scottish city and develop a new framework for action. Subscribe to the iGaming newsletter Tags: Online Gambling OTB and Betting Shops Legal & compliance 30th September 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Glasgow City Council is to stage a summit with academics, third sector, health professionals, youth workers and individuals who have suffered with gambling problems in order to examine related challenges in the Scottish city and develop a new framework for action.The plan was approved at a meeting of the Council’s Wellbeing, Empowerment, Community and Citizen Engagement City Policy Committee, where a number of specialist speakers put forward their ideas to reduce gambling harms.The Committee discussed various key factors related to gambling, including the changing landscape of the industry, associated health and financial problems, the rise in popularity of online gaming, increased marketing and advertising spend, and the impact on young people.Following an open debate, the Committee concluded staging a summit would be the most effective course of action, with the aim of developing a whole systems approach to the prevention and treatment of individuals impacted by gambling.Speaking on behalf of the Committee, Councillor Bailie Annette Christie said that Glasgow has a longstanding problem with gambling and as the more traditional approaches are not working, more must be done to tackle related issues.“The gambling sector has changed over recent years and therefore how we tackle the problems that arise from gambling addiction and how it impacts other areas of a person’s life, needs to change too,” Christie said.“We need to treat gambling the same as alcohol and smoking addictions have been treated in the past – as public health problems. We need a new approach and to look at all the different policy areas including health, education, planning, licensing, and financial inclusion that could be used to treat and support people and prevent the harm in the first place.”Other key outcomes from the meeting included a commitment to take steps to learn more about what works in order to limit and prevent harm by exploring best practice examples from across the UK and internationally.The Committee will also advocate for a stronger focus on education and review suitability of educational activities and programmes, as well as review support available to council staff to take account of online gambling and ensure those who are at risk of, or are experiencing gambling harms can to access help.Meanwhile, the Committee also called for closer work with partners to ensure appropriate care pathways that meet the needs of users, and to consider the actions required to facilitate partnership working across a range of agencies to explore the further development.In addition, the Committee said both the Council and Licensing Board should continue to work with the GB Gambling Commission, as well as the Scottish and UK Governments, to look at what more could be done to counteract the impact of clustering of environmental harms.Image: Barnabas Csomor Glasgow to consider proposals for new gambling frameworklast_img read more

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