Rhode Island Senator files mobile sports betting bill

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Regions: US Rhode Island Sports betting Rhode Island Senator files mobile sports betting bill Rhode Island Senate President Dominick Ruggerio has put forward a new bill in an effort to legalise mobile sports betting in the state.Bill 2019-S 0037 was put to the state’s Senate yesterday (January 16), setting out measures to allow the Twin River casinos in Lincoln and Tiverton to offer mobile sports wagering to consumers.If passed, the casinos would be permitted to work with developers to create an app so that punters can place bets via mobile from anywhere in Rhode Island. Operators would need to utilise geolocation technology to ensure players cannot access the app from outside of the state’s boundaries.Consumers wanting to bet via mobile would first need to set up their accounts in person at either Twin River casino. Bets would taken via a server-based gaming system located at each casinos.The bill also sets out measures to ensure Rhode Island takes 51% in tax from all mobile sports betting revenue, keeping new laws in line with regulations for land-based wagering.“The new in-person sportsbook that opened in November has been very popular, with lines stretching out the doors,” Ruggerio said. “Expanding to mobile gaming would provide a convenient option for those wishing to enjoy this form of entertainment, and open up the economic benefits beyond the walls of Twin River.“It is estimated 97% of sports betting takes place illegally,” he continued. “This is an opportunity to give Rhode Islanders and visitors a legal avenue to participate in an activity they enjoy, while providing a very tangible benefit to our state.”Rhode Island legalised land-based sports betting in June last year and launched its regulated market in November. The state is yet to consider plans to legalise online sports wagering.The two Twin River casinos are working with William Hill and IGT to offer sports betting to consumers, under a deal agreed between the three parties in August of last year.IGT and William Hill provide end-to-end sports betting services at both casinos, Rhode Island’s only licensed video lottery and table game establishments.Ruggerio’s bill has been referred to the Senate Special Legislation and Veterans Affairs Committee for further scrutiny.Image: Morrow Long Topics: Sports betting 17th January 2019 | By contenteditor Rhode Island Senate President Dominick Ruggerio has introduced legislation that would allow the state’s two licensed sports betting facilities to launch mobile wagering throughout the state.  Tags: Mobile Email Addresslast_img read more

Victorian Responsible Gambling Foundation names new CEO

first_img Subscribe to the iGaming newsletter Experienced public servant Shane Lucas has been appointed chief executive of the Victorian Responsible Gambling Foundation, the Australian state’s body for helping those affected by gambling-related harms. Topics: People Sports betting Strategy Victorian Responsible Gambling Foundation names new CEO Tags: Mobile Online Gambling OTB and Betting Shops AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Oceania Australia Email Address 18th March 2019 | By contenteditor People Experienced public servant Shane Lucas has been appointed chief executive of the Victorian Responsible Gambling Foundation, the Australian state’s body for helping those affected by gambling-related harms.Lucas has been appointed to the role by the state’s Minister for Consumer Affairs, Gaming and Liquor Regulation Marlene Kairous following an extensive executive search process run from November 2018 to February 2019.He has previously held a number of executive and senior management roles in the non-government, government and private sectors, most recently serving as a full-time member of the Australian government’s Administrative Appeals Tribunal.He has also worked as CEO of education charity the Early Learning Association Australia between 2013 and 2017, and sat on the advisory board of Deakin University’s Master of Public Policy Programme.“Mr Lucas has a strong track record of program delivery, establishing innovative partnerships and developing strong stakeholder relationships in a career at the highest levels of the public and private sectors,” Kairouz commented.“We look forward to working with Mr Lucas to further strengthen and enhance the Government’s approach to reducing and preventing gambling harm in Victoria – his appointment is a great outcome for the Foundation.”He began his new role today (March 18), replacing Janet Dore, who has served as Victorian Responsible Gambling Foundation’s interim chief executive since October last year. Dore took up the role following the departure of Louise Glanville, who left to become managing director of Victoria Legal Aid. She will continue to work in the role until the end of March to ensure a smooth transition.“We’d also like to thank Janet Dore for her dedicated leadership of the Foundation over the past five months, with her work ensuring that Mr Lucas is best able to hit the ground running from day one,” Kairouz added.last_img read more

Nektan raises £2.1m from share placement

first_img Gaming platform and services provider Nektan has raised £2.1m (€2.4m/$2.7m) before expenses through a share placement.Nektan offered 13,978,020 new ordinary shares at a price of 15 pence each, with Gary Shaw, founder and executive officer, subscribing for 4,566,667 new shares at the placing price for an aggregate value of approximately £685,000.The provider will now apply to begin trading these shares on the London Stock Exchange, with Nektan expecting to be granted clearance by April 29.Nektan completed the placement yesterday (April 17) and its shares closed the day at 12.05 pence. This morning, Nektan’s shares opened at 12.10 pence each and at the time of writing are trading at 12.75.“We are delighted to have successfully completed our placing with the ongoing support of existing investors and we wish to welcome our new shareholders at this exciting time in the company’s development,” Nektan CEO, Lucy Buckley, said.“As demonstrated in our recent results and trading updates, the company is continuing to grow rapidly and expand its global footprint, increasing our gaming content and the partners we distribute this premium content to, which is leading to greater revenues and improving cash generation, putting us on track to report a positive EBITDA for FY2019.”Earlier this week, Nektan also completed the sale of a 57.7% majority stake in its Respin US subsidiary to Alternative Investment Partners Limited (AIP) for an initial cash consideration of £300,000. This represented a significant drop on a previously agreed deal with another, unnamed buyer. The original purchaser was unable to complete the transaction in the required time period, allowing AIP to step in and renegotiate terms. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 18th April 2019 | By contenteditor Nektan raises £2.1m from share placement Gaming platform and services provider Nektan has raised £2.1m (€2.4m/$2.7m) before expenses through a share placement. Nektan offered 13,978,020 new ordinary shares at a price of 15 pence each. Topics: Finance Strategycenter_img Email Address Finance Tags: Online Gambling Subscribe to the iGaming newsletterlast_img read more

UK licensees urged to ramp up consumer protection focus

first_img Regions: UK & Ireland AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The UK Gambling Commission and Competition and Markets Authority (CMA) have published a joint letter calling for operators to pay closer attention to consumer protection law to help ensure players have access to a fair and transparent market. The Gambling Commission for England, Scotland and Wales, and UK Competition and Markets Authority (CMA) have published a letter calling for operators to pay closer attention to consumer protection law to ensure players are treated fairly.Distributed to licensees across the UK, the letter comes after a joint Gambling Commission-CMA study into suspected breaches of consumer protection law in the remote gambling sector.The two regulatory bodies say they have identified “significant shortcomings within the sector that had undermined consumer trust and confidence”, relating to fairness, transparency and potential for consumers to be misled by terms and practices for online bonuses and the withdrawal of funds.Ladbrokes, William Hill, PT Entertainment, BGO, Jumpman Gaming and Progress Play all participated in the study and have committed to discontinuing certain practices that the CMA considered to be unfair.The Commission and CMA have said that operators “must go further than simply complying with the published undertakings”. They encourage licensees to audit their terms and conditions, examine existing business systems and practices, embed compliance, and continually review these to ensure they maintain high standards of consumer protection.Operators are also being urged to ensure any affiliates and third-party suppliers that they are working with are operating in line with the Commission’s licence conditions and codes of practice, which were updated in October last year.“Making changes to promotions and withdrawal practices is an important start, but it is only one aspect of achieving compliance,” the letter said. “More needs to be done by the sector to win back consumer trust.“The best operators going forward will be those who lead by example, build on the work undertaken by the CMA and treat customers fairly and responsibly.“The Commission will continue to look at how firms treat consumers and the terms and practices that they employ when assessing suitability to hold a gambling licence.”Although the CMA has said that it does not intend to take any further action in relation to the joint Commission investigation, the completion of the project does not signal the end of its relationship with the regulator and the two will continue to work together on various initiatives.“It is important that you learn from the work that we have undertaken and ensure that compliance with consumer law is at the heart of your business model; this is essential for the sector to rebuild and maintain consumer trust,” the letter told licensees.Publication of the letter comes after the Commission last week unveiled its new National Strategy to Reduce Gambling Harms, with a focus on improving prevention and education efforts and enhancing treatment and support.The three-year initiative will run from 2019 to 2022, with the regulator to work alongside public health bodies, charities and businesses to develop a strategy for preventing gamblers from developing problems, as well as a series of relevant interventions for those that develop dangerous habits. Tags: Card Rooms and Poker Online Gambling Slot Machines Bingo Subscribe to the iGaming newsletter Topics: Casino & games Legal & compliance Sports betting Strategy Bingo Poker Slots UK licensees urged to ramp up consumer protection focus 29th April 2019 | By contenteditor Email Addresslast_img read more

U-16s dominate esports gambling tweet engagements – study

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 20th August 2019 | By contenteditor Operators, regulators and technology companies have been urged to act after a study found that nearly half of worldwide social media users who engage with esports betting posts on Twitter are under the age of 16, while the majority of tweets flout UK advertising rules. Regions: UK & Ireland U-16s dominate esports gambling tweet engagements – study Operators, regulators and technology companies have been urged to act after a study found that nearly half of worldwide social media users who engage with esports betting posts on Twitter are under the age of 16, while the majority of tweets flout UK advertising rules.Research firm Demos and the University of Bristol’s Department of Management found that 28% of those who retweet or reply to an esports betting tweet in the UK are under 16 years old – five times the percentage of users who actively engage with posts from “traditional” bookmakers.When worldwide engagement is taken into account the figure rises to 45% of respondents being under the age of 16.The analysis also showed that 74% of esports tweets and 68% of traditional sports tweets “appeared not to comply with advertising regulations in some way”. Examples given by the researchers included presenting gambling as an income source, encouraging gambling at unsociable times and, especially, showing a person under the age of 25 in a gambling advertisement.“As most professional esports players are in this age bracket the rules are flouted again and again,” a report summary stated.The study made a series of recommendations, including a call for operators to make better use of age verification tools and advertising technology and for regulators to tighten rules.The report also urged technology companies and advertisers to work together to make embedding terms and conditions in messaging seamless and recommended the launch of a free, searchable database of gambling advertising on platforms, provided by tech businesses.There should also be more visible and frequent references to risk and age restrictions within advertising content and further research needs to be carried out into the types of advertising images, features, themes and techniques that are drawing children to esports betting, the study added.The study, called the ‘Biddable Youth Report’, was published today (20 August) after more than 888,000 betting-related tweets were analysed over a nine-month period last year.“With the massive growth in the esports industry, unless action is taken, we can only expect this figure to rise as sports and gambling seem to be inextricably linked,” said Agnes Nairn, a professor from the University of Bristol’s Department of Management and co-author of the report.“Our in-depth analysis of the content of gambling advertising Tweets leads us to believe that children’s esports gambling is currently under the radar in two ways: it’s online where parents won’t see it and it’s using clever content marketing such as amusing GIFS, memes, pictures and funny stories, designed to appeal to and implicitly influence young people.”Fellow co-author Josh Smith, a senior researcher at the Centre for the Analysis of Social Media, added: “We found that high volumes of messages are produced to appeal particularly to children, with thousands of children in the UK following and responding to this content. This report also shows that advertising regulations are being regularly flouted by gambling advertisers online.“We hope this report serves as a call to action – both to technology companies to make it easier for gambling customers to get a clear picture of what they’re getting into, and to regulators who must continue to ensure that these new actors are compliant with regulation.”The report claims that the esports betting market is predicted to be worth almost $30bn by 2020, while, according to GambleAware CEO Marc Etches, one in eight 11 to 16-year-olds follow a gambling company on social media.“This figure, coupled with this new report into esports betting, shows a need for technology companies to strengthen the age verification processes on social media platforms to help protect children and young people from this sort of exposure to gambling content online,” he said.“It also brings to light the need for clearer and more regular messages about the risks of gambling to be displayed on gambling adverts online.”center_img Esports Topics: Esports Sports betting Subscribe to the iGaming newsletter Email Addresslast_img read more

Austria finance minister calls for new gambling regulator

first_imgCasino & games Regions: Europe Western Europe Austria Austria’s finance minister Gernot Blümel has called for an independent gambling regulator to be established, taking responsibility for market regulation from the country’s Treasury. Austria’s finance minister Gernot Blümel has called for an independent gambling regulator to be established, taking responsibility for market regulation from the country’s Treasury.Speaking on Austrian television at the weekend, Blümel said he wanted to “untangle” multiple functions currently held within the Treasury.“Therefore, the areas of licensing and supervision should be outsourced to an independent gaming authority,” he said.Blümel was discussing the current state of affairs at Casinos Austria, the country’s gambling monopoly, which has been beset by scandal in recent months.Allegations have been made suggesting the operator’s appointment as chief financial officer of Peter Sidlo, a Freedom Party of Austria (FPÖ) district councillor in Vienna, was designed to ensure Novomatic secured political favours from the party.According to whistleblowers, Novomatic, which held a 17.19% stake in Casinos Austria, had hoped to secure a casino licence in Vienna. This would have effectively scrapped Casinos Austria’s monopoly. All parties have categorically denied the allegations.In the wake of the scandal, Novomatic agreed to sell its stake to Czech gaming conglomerate Sazka Group, which already holds a stake of around 38% in Casinos Austria. Both claimed that sharing joint control between the parties had not produced the anticipated results.This would give Sazka a significant majority, ahead of Austrian state public investment body Österreichische Beteiligungs (ÖBAG), which retains a share of around 33%. While Sazka has pledged to ensure ÖBAG will be represented on Casinos Austria’s executive and supervisory boards, the deal has led to concerns that jobs and tax revenue will be lost.Blümel told political discussion show Press Hour that he was aiming to negotiate an “Austria package” for the business, via ÖBAG, and secure commitments from Sazka to maintain its presence and staff numbers in Austria.“Casinos Austria is a traditional company in Austria that provides over 3,000 jobs,” he explained. “It is important to me that [things settle down] and that jobs, its location and tax revenue remain secure. “ÖBAG will therefore examine how best to ensure such an ‘Austria package’,” he added.Blümel’s intervention comes after the Austrian gambling trade association the Österreichische Vereinigung für Wetten und Glücksspiel (ÖVWG) called for an end to Casinos Austria’s monopoly, in the wake of the Sidlo allegations.At the time it said the claims showed an urgent need for a “rethink” of the current monopoly framework.Casinos Austria has retained its monopoly since 2016, when three other providers had their licences revoked. Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Topics: Casino & games Legal & compliance 3rd March 2020 | By contenteditor Subscribe to the iGaming newsletter Austria finance minister calls for new gambling regulatorlast_img read more

Nederlandse Loterij turnover grows 12% in 2019

first_img Nederlandse Loterij turnover grows 12% in 2019 Nederlandse Loterij, the Netherlands’ state lottery operator, has reported a 12% year-on-year increase in turnover in 2019, with its contribution to sporting federations, charities and the public purse rising to €173.1m (£152.0m/$187.5m) for the year.Turnover amounted to €1.31bn, of which €894.7m was paid out to players as winnings and gaming taxes, up 15% from 2018.Of the €173.1m distributed to good causes, NOC * NSF, the body formed through the merger of the Netherlands Olympic Committee and Dutch Sports Federation received €46.4m.A further €17.6m was shared between 18 charitable partners, while the Dutch state received €109.1m“Each year, almost all profits generated by Nederlandse Loterij goes to Dutch sports, charities and back to society through the Ministry of Finance,” the lottery’s chief executive Niels Onkenhout said.“Our employees, retailers and other partners are committed growing this contribution each year. We are proud that we can return more than €173m in 2019 in the form of this payment.”The increased contribution to NOC * NSF was welcomed by the organisation’s chair, Anneke van Zanen-Nieberg.“Every year, the Nederlandse Loterij makes it possible for so many people in the Netherlands to participate in and enjoy sports,” she said.“[I] would like to thank the lottery for its efforts, and I would especially like to thank everyone in the Netherlands who contributed by playing the Staatsloterij, Lotto, Eurojackpot, Millions, Lucky Day, scratch cards or Toto. Keep doing that, you are really supporting sport by doing so. Especially now.”Nederlandse Loterij was formed through the merger of De Loto and the Nederlandse Staatsloterij in 2016, and is overseen by the country’s Ministry of Finance.It is preparing to compete against private operators when the country’s regulated igaming market opens from 1 July 2021, having struck a platform deal with SG Digital (originally NYX Gaming Group) in 2017.This was expanded in October last year to cover online sports betting, via the supplier’s OpenSports solution. Subscribe to the iGaming newsletter Finance Nederlandse Loterij, the Netherlands’ state lottery operator, has reported a 12% year-on-year increase in turnover in 2019, with its contribution to sporting federations, charities and the public purse rising to €173.1m for the year. 22nd April 2020 | By contenteditorcenter_img Regions: Europe Western Europe Netherlands AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Lottery Email Addresslast_img read more

Scout hails post-Covid-19 recovery as H1 revenue grows 96%

first_img Tags: Fantasy Sports B2B fantasy sports supplier Scout Gaming Group has revealed that it was able to reduce its net loss during the first half of the year, after revenue almost doubled during the period.Overall revenue for the six months through to 30 June amounted to SEK14.9m (£1.3m/€1.4m/$1.7m), up 97.7% from SEK7.6m in the first half of 2019.Scout said the period’s revenue growth came despite its operations being impacted by the novel coronavirus (Covid-19) pandemic.The crisis led to almost all major sporting events being postponed or cancelled, which in turn meant fantasy competitions were paused. However, Scout noted that the return of some leagues towards the end of the half, primarily in Europe, shored up its first half performance.Scout’s esports betting service, launched across its network in April, helped fill the void left by the lack of traditional sports events, it added.“We quickly managed to complete our esports offering and launch parts of it in mid-April,” Scout’s chief executive Andreas Ternstrom said. “In mid-May, the German Bundesliga games resumed and from that moment on we experienced a rapid recovery which in June resulted in record activity.”In terms of spending for the period, operating expenses edged up 1.4% from SEK39.0m to SEK39.6m. This was primarily due to higher outgoings related to other external expenses, with costs here climbing 45.8% to SEK19.1m.In contrast, personnel expenses were down 17.0% year-on-year to SEK17.6m, while depreciation, amortisation and impairment of PPE was also reduced by 39.3% to SEK2.9m for the half.This corresponded to an operating loss of SEK24.6m, an improvement on a loss of SEK31.5m last year. However, Scout noted an SEK2.7m negative impact from financial items, which pushed its loss before tax to SEK27.3m, but this was still less than SEK29.3m in 2019.After paying SEK33,000 in taxes, Scout ended H1 with a net loss of SEK27.3m, compared to SEK29.4m at the same point last year.Focusing in on Scout’s performance in the second quarter, when the impact of the pandemic was most felt as sports events began to be cancelled in mid-March, revenue was up 57.5% year-on-year to SEK6.3m.Scout said that revenue in the three months to 30 June mainly related to gaming related services its provides to its clients, with the increase in revenue mainly due to a rise in current partners.Operating costs were 3.8% lower at SEK17.8m, while operating loss was reduced from SEK14.5m to SEK11.5m for the quarter. However, Scout was impacted by an SEK6.0m loss related to financial items, which pushed loss before tax to SEK17.5m, wider than SEK13.4m last year.Scout paid SEK16,000 in tax, which left it with a net loss of SEK17.5m, compared to SEK13.3m in Q2 of 2019.“We have had an accelerating underlying growth throughout the second half of the quarter and are pleased that we were able to demonstrate this so quickly after the restart of European sports,” Ternstrom said.Ternstrom also noted a number of key events that took place after the end of the period, including the launch of a new fantasy game for England’s Premier League, offering a guaranteed prize pool of €1m for the 2020-21 season.In addition, Scout was able to raise SEK75m through a heavily oversubscribed directed share issue, which Ternstrom said drew interest from existing major owners and new institutional investors.“Activity in July and the first half of August continues to be high and we see very good opportunities for strong future growth,” he said. “I am happy for the shown confidence and sure that we can deliver on our growth ambitions in the coming years.“The second half of the year has the potential to be as intense as we hoped.” DFS B2B fantasy sports supplier Scout Gaming Group has revealed that it was able to reduce its net loss during the first half of the year, after revenue almost doubled during the period. Topics: Finance Sports betting DFS 21st August 2020 | By contenteditorcenter_img Scout hails post-Covid-19 recovery as H1 revenue grows 96% AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Email Addresslast_img read more

Mobile drives NH sports betting revenue up to $4.2m in October

first_imgMobile sports betting, which launched in January of this year, was by far the main source of income, with revenue here amounting to $3.8m, up 65.2% from $2.3m in September. Email Address Mobile drives NH sports betting revenue up to $4.2m in October 24th November 2020 | By Robert Fletcher GGR for the market, from DraftKings’ offerings in the state, was up 45.2% from $2.3m in September, while the state’s handle also increased 13.8% to $47.1m. Retail handle amounted to $6.8m, which was 70.6% higher than $4.8m wagered in the previous month. Subscribe to the iGaming newsletter Topics: Finance Sports betting Players also wagered $40.2m via mobile, an increase of 9.8% from September and representing 85.4% of the total amount bet during the month. Finance The New Hampshire Lottery generated $4.2m in gross gaming revenue (GGR) from sports betting in October, as the state reported month-on-month growth across both mobile and retail channels. Read the full story on iGB North America. Regions: New Hampshire In terms of retail, which did not launch until August when DraftKings opened a sportsbook in partnerhsip with Eureka Casino-owned venue The Brook, revenue reached $450,149, compared to a loss of $29,902 in September AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Regulatory round-up: MS, NJ, PA and IA discuss sports betting – Part 3

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter ICE365 Content Series 16th March 2021 | By contenteditor Watch parts one and two for the full story. Topics: Legal & compliance Sports betting ICE365 Content Series Regulation Online sports betting Retail sports betting Sports betting regulation This brings about a wide range of responses from the panel, from discussions on future competition as more state regulate, to expansion into new channels. Subscribe to the iGaming newsletter Tags: New Jersey Division of Gaming Enforcement Pennsylvania Gaming Control Board Iowa Racing and Gaming Commission Mississippi Gaming Commission Regulatory Round-up Regions: US Iowa Mississippi New Jersey Pennsylvania Regulatory round-up: MS, NJ, PA and IA discuss sports betting – Part 3 Email Addresslast_img read more