San Guo Zheng Ba by RTG Asia

first_img25th May 2018 | By Louella Hughes San Guo Zheng Ba by RTG Asia Topics: Casino & games Slots Casino & games Don’t miss this opportunity to be part of Chinese history as the high Emperor loses his power, and new Generals vie for control of the crumbling dynasty and its legendary riches. Unlock the vast treasures through a combination of Expanding Wilds, Free Spins and even through the God Free Spins features! Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Companies: RTG Asia Email Addresslast_img read more

Lightning-Horsemen by Lightning Box Games

first_img Topics: Casino & games Slots Lightning-Horsemen by Lightning Box Games Casino & games With the launch of Lightning-Horseman, Lightning Box is taking the casino experience on a haunting adventure. Subscribe to the iGaming newsletter With the launch of Lightning-Horseman, Lightning Box is taking the casino experience on a haunting adventure.Set in a dark and spooky wood, players must take the reins and retrieve the riches which mythical creatures protect in order to strike gold with the lightning jackpot.The voltage will really be tuned up if the lightning bolt appears six times or more, triggering the lightning respin and big wins.The game will initially go live exclusively with Betsson on 25th July, before general release on 8th August. Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 27th June 2018 | By Aaron Noylast_img read more

Star Entertainment fined for underage gambling at Sydney casino

first_img Australian casino operator Star Entertainment Group has been fined a total of Aus$90,000 (£49,344/€54,576/US$64,652) by the New South Wales (NSW) Independent Liquor & Authority over three separate incidents of underage gambling at its Sydney property. Two incidents that involved youngsters aged 16 and 17 saw Star fined $15,000 for each occurrence, though the largest penalty – $60,000 – was issued over a case that saw a 12-year-old girl allowed to gamble. The latter incident involved a family visiting from China on tourist visas, with the NSW authority saying that the girl’s mother was able to avoid security by holding open an exit door and guiding her onto the main gaming floor. Once inside, the pair met up with the girl’s father and she was able to place 21 bets on poker machines over a period of 17 minutes, before being noticed by security. “It’s quite staggering that the young girl’s parents facilitated her entry in such a deceptive manner, let alone allowed their daughter to gamble,” NSW Independent Liquor & Authority chair, Philip Crawford, said. Another incident saw a 16-year-old girl enter the casino via the VIP checkpoint with a middle-aged male “platinum” member, without being asked for ID by security staff. After making their way to the main gaming area, the girl used a fake learner driver’s licence as identification, which was accepted by staff, and she was allowed to move freely about the floor and served alcohol at the bar. Security eventually intervened when she attempted to enter the nightclub, at which point staff noticed dissimilarity between the licence and her physical appearance. The other case saw a 17-year-old boy enter the casino using his own provisional licence, and was able to remain inside the property for almost three-and-a-half hours before staff realised their error. During this time, the teenager was able to purchase alcohol, played 42 rounds of roulette and 22 hands of poker. The three incidents took place over a four-month period between March and July 2019, and the NSW authority confirmed that Star self-reported all of the cases. In 2019, Star reported a total of 32 instances of minors gaining access to restricted areas of the Sydney property. “We appreciate The Star’s cooperation in coming forward each time they detect a minor, however we do take these cases seriously,” Crawford said. “The penalty indicates that every breach requires a regulatory response befitting the risk of harm to young people and the community.” Liquor & Gaming NSW director of investigations and intervention David Byrne added: “While it can be difficult to vet a person’s age by assessing whether they look over 25, this only underscores the importance of checkpoint and roving ID verification and consideration as to whether the person presenting matches their documentation.” Topics: Casino & games Legal & compliance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Star Entertainment fined for underage gambling at Sydney casino Australian casino operator Star Entertainment Group has been fined a total of Aus$90,000 (£49,344/€54,576/US$64,652) by the New South Wales (NSW) Independent Liquor & Authority over three separate incidents of underage gambling at its Sydney property.center_img Subscribe to the iGaming newsletter Regions: Oceania Australia Casino & games 17th August 2020 | By contenteditorlast_img read more

Colombia’s Floridablanca region allows casinos to reopen

first_imgThe pilot reopening is in line with regulations set out in a decree published by Colombia’s Ministry of Health in July, which allows districts and municipalities to authorise the reopening of casino and bingo establishments as part of a wider pilot programme. These include the placement plexiglass barrier at certain gaming points, as well as enhanced cleaning measures, installing signage about how to prevent the spread of Covid-19, and banning the consumption of food and beverages on site. Colombia’s Floridablanca region allows casinos to reopen Regulation All facilities will be required to put in place a number of Covid-19 measures to ensure the protection of both customers and employees. Floridablanca has become the latest Colombian municipality to announce that casinos and gaming facilities in the region will be permitted to reopen, following a period of enforced closure due to the novel coronavirus (Covid-19) pandemic. It is estimated that during the six months of enforced closure, the region lost out on approximately COP2bn in gambling tax income. Topics: Casino & games Legal & compliance Casino regulation Regulation Meanwhile, Colombia’s gambling regulator (Coljuegos) this week also published regulations for video bingo, which will be legal in the country until the end of 2021. This week, the Mayor of Bogotá, Colombia’s capital, authorised the reopening of the city’s land-based gaming sector, including 515 casinos and 17 bingo halls. In August, the Ministry of Health approved the pilot plans, providing all establishments taking part in programmes comply with safety guidelines. Floridablanca is home to 554 gambling facilities, which employ more than 180 people and generates around COP330m (£67,856/€74,043/$86,225) in tax revenue for healthcare in the region.center_img Operators may offer up to two draws annually in different months, and must return 58% of stakes to players as winnings. Revenue would not be subject to gaming or lottery duties, or value added tax, but operators would have to pay 12% of turnover to the state. New rules allow that bingo cards to be sold at points of sale arranged by the operator or in gaming establishments, but not online or outside of the state in which the game is organised. In addition, the country’s government ratified Decree 808, which, introduced in June, has been designed to help shore up the country’s gambling industry and protect funding for its healthcare system in the wake of the Covid-19 crisis. Nicolás Contreras, the Secretary of Tourism and Economic Development for the Floridablanca region, confirmed the news this week, saying the reopening will begin with an initial nine casinos. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter These include that physical barriers must be used to separate customers at slot machines, all devices must be disinfected after use, and the consumption of food and alcoholic beverages will also be prohibited. Subscribe to the iGaming newsletter Email Address Regions: LATAM Colombia 25th September 2020 | By Aaron Noylast_img read more

Can the GB gambling sector bridge the communication divide?

first_imgThe reasons for the antagonism between the pro- and anti-gambling sides are longstanding. The amounts of money involved, the (at times devastating) impact problem gambling can have on those affected, the industry’s business models or the simple fact that gambling is an easy sector to oppose when it comes to public opinion and support. Opening communication channels?However, the criticisms and calls for further-reaching reforms from the All-Party Parliamentary Group for Gambling-related Harm (APPG-GRH), the House of Lords’ Select Committee on the Social and Economic Impact of the Gambling Industry and campaigning groups such as Clean Up Gambling, have not abated. In fact, they are even more adamant and claim the changes implemented by BCG members are largely cosmetic and don’t go far enough. Can the GB gambling sector bridge the communication divide? As for stake limits on online slots, Follis says: “When you introduce bans and restrictions such as those it’s like squeezing a balloon: the activity will go up somewhere else.” Similar aimsDespite the calls for dialogue, the one constant seems to be how little of it there is. However, talk to those involved in the debate and their respective starting points don’t seem that distant from one another. As an overriding aim, all want to see a reduction in the rates of problem gambling in the UK and are committed to enhancing responsible gambling measures through education, communication and treatment. On the other side of the debate, Gary Follis, director of public affairs at the Betting and Gaming Council, says: “Some people want bans on certain parts of the industry and some are prohibitionists, but I think that’s a minority. Regions: UK & Ireland The highly critical – and occasionally unjustified – media coverage that has followed the industry in recent years, adding to an already toxic situation. He also points to polls commissioned by CUG that show support for an outright ban on online gambling. However, he adds, CUG “doesn’t support such a ban, because we don’t think people would be protected by such a measure”. Such figures are striking, although critics have questioned how they are reached and the methodology behind them. 28th September 2020 | By contenteditor The Betting and Gaming Council has replaced the ABB and is much more proactive in committing to improving responsible gambling practices and ensuring player safety. The issues Ketteley puts forward are also about how much onus is placed on operators to ensure a fail-proof system of player safety. After all, if all the responsibility is placed on the gambling company, where is the line drawn between personal and corporate responsibility? Matt Zarb-Cousin heads up the Clean Up Gambling (CUG) pressure group and says that despite what gambling executives may believe, “CUG is not anti-gambling, we believe it is better if it is legal and regulated”. The recent claims that the Prime Minister and his senior adviser Dominic Cummings want to see action taken and have vowed to get involved in the upcoming Gambling Act review adds to the sense that trouble may be brewing for operators. The news that former MP and deputy leader of the Labour Party Tom Watson has joined Paddy Power and Betfair parent Flutter as an advisor has also been criticised, with  some pointing to his past criticisms of the bookmaker and the industry in general. Some might also argue it a good thing that a major operator is hiring a former politician – and a critical one at that – to oversee efforts to raise standards. There have been numerous calls for calm and cool heads in the often-heated debate around gambling regulations in Great Britain. Things are reaching a crescendo, especially due to the highly emotive nature of topics under discussion – addiction, debt, children being exposed to gambling an early age and, in some tragic cases, suicide have all been linked to the industry by its critics. With regards to Flutter itself, it will surely look even worse if the group goes on to ignore his recommendations just because they are inconvenient or costly. In addition, Watson will bring a perspective that many in the industry will not be familiar with, which could broaden horizons and help it shape a more effective policy platform. “[And] in order for it to be regulated properly we think it needs to take into account some of the principles that regulate offline gambling such as stake limits in slots in casinos,” he adds. “It should take into account the reality that some products are more addictive than others.” “The increase in the voluntary levy (to treat problem gambling) gives every appearance of being an attempt, so far successful, to delay the imposition of a mandatory levy.” The Lords report goes on to say that all reforms to prevent potentially excessive levels of play, such as the ban on credit cards introduced in April, have been imposed on the industry rather than instigated by operators. Tom Watson’s arrival on the scene may help mitigate against the hardest reforms, but he might also persuade BGC members into conceding more ground than they have been willing to up to now and thus help find a middle ground. In the meantime, even if the atmosphere between the different sides in the debate is unlikely to improve in the public realm, Flutter’s recent moves might point to more constructive initiatives behind the scenes. The APPG-GRH believes the BCG’s initiatives do not go far enough. It described the ten pledges setting out the standards expected of BGC members at the start of novel coronavirus (Covid-19) pandemic as “very weak”, already part of operators’ Licence Conditions and Codes of Practice (LCCPs), or calling more clarity on how they would actually work in practice.  Follis also points to the BGC’s ‘whistle to whistle ban’ on advertising around live sports broadcasts, introduced in Summer 2019, which “has led to a 97% drop in gambling adverts seen by children, and that 20% of all BGC members advertising is now made up of responsible gambling messaging”. Zarb-Cousin cites the House of Lords report that stated that 60% of the industry’s profits come from 5% of players “who are already problem gamblers, or are at risk of becoming so”. Room for compromise?If the pro- and anti-gambling camps are at opposite ends of the spectrum as to how they might achieve those aims, is there some actual dialogue behind the scenes between them that we are not privy to? “I’ve always said I’d talk to anyone. And today, for the first time since launching Gamvisory, I talked to an industry director,” he wrote on social media. “I have to say that I was pleasantly surprised by what his company are doing. Could they do better? Absolutely. But they’re miles ahead of others.” Westminster reportsThe APPG-GRH does not say it explicitly but both its report and that of the Lords effectively call for statutory legislation to push reforms through. He adds that he would be more concerned “with outright bans of any type that would weaken the ability of licensed companies to compete with offshore operators and would have a significant financial impact on sports clubs and federations”. Some are making gloomy predictions of British gambling operators’ future prospects as the long-awaited Gambling Act review nears. But the aims of the pro- and anti-gambling camps may not be that far apart; even if the roadmaps differ substantially. The arrival of Tom Watson at Flutter could also pave the way for more constructive exchanges and productive reforms.center_img Such questions will keep on returning and once the terms of reference for the GA review are announced, battle lines will be drawn and months of campaigning to be expected. In such a volatile context it is worth asking if the industry is being criticised no matter what it does. After all, the BGC has coordinated efforts to cut down on levels of advertising, step in if customers show signs of excessive play, and most recently agreed to implement changes to game design, including slot spin speeds. An environment in which operators are speaking more constructively with politicians would be positive, while more frequent communication with former problem gamblers and campaigners would surely also improve things. So it was encouraging to see this tweet from Alex Massey, founder of Gamvisory, in which he praised a senior executive for getting in touch with him: AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Legal & compliance Regulation “I don’t think there is any desire for prohibition among your average MP or observer, but we recognise that we have more work to do. That is what we are doing with our work to improve standards. Historically there might have been some reluctance to do that, but that’s not the case now.” Subscribe to the iGaming newsletter As for the reasons behind him joining Flutter, it seems obvious Watson will play a key role in channelling the industry’s lobbying efforts during the Gambling Act review. Flutter is often mentioned as one of the more forward-looking companies when it comes to gambling reform. And if the group’s senior executives are unable or reluctant to make public calls for change, then Watson, behind the scenes and with his political contacts, can do that work in a constructive and potentially more productive manner. “The BGC also needs to look at whether it is a standards or trade body, because if it’s a standards body it seems to be as quick as its slowest members. Members that don’t meet the standards it sets should get kicked out, and that never happens. In terms of communication, its tone and aggressive rebuttal on certain proposals is reminiscent of the ABB (Association of British Bookmakers), which refused to accept reality and ended up with £2 stakes (on FOBTs).” The House of Lords report welcomed the gambling industry’s willingness to change and for more effective controls in relation to protecting consumers, “but we are far from convinced that this is due to a disinterested openness to change” it said. The least that can be said is that Zarb-Cousin doesn’t pull his punches; but reading his and Follis’s comments there seems to be little room for compromise, although this might change with Watson’s new role at Flutter. Whether it succeeds in persuading lawmakers that it has done enough to ensure high levels of player safety will determine how far reaching the reforms will be. By Jake Pollard “I think it’s a mistake, because it’s important to work constructively. For example, the £100 affordability cap wouldn’t impact the majority of gamblers, but the BGC’s stance suggests it is not serious about reducing harm and as a result there won’t be much scope to engage with them in good faith. It feels disingenuous to oppose such proposals while at the same time claiming to agree with the need for reform. Reading those reports it seems like the argument will boil down to whether the industry can convince lawmakers that it can self-regulate effectively or if those calling for reform can persuade the government to write them into law. It’s also interesting to note that Watson’s arrival at Flutter answers this observation by James Noyes, author of the Social Market Foundation report that set out a blueprint for regulatory reform earlier this summer: “If there is no leader there is the risk of polarisation and binary debates that don’t address the underlying problems. We can talk of wanting a broad church, but if there is no senior politician saying: ‘I’m going to own this and make sure it’s done sensibly’, there is a risk of a lack of consensus and no bridge building,” says Noyes. Different pathsIf the stated aims are not that different, the way to achieve them is. As a summary of Clean Up Gambling’s key policy aims, Zarb-Cousin says he would like to see “the same stake and prize limits online as they are for offline machines, £100 cap on affordability, an independent ombudsman to resolve disputes, restrictions on advertising with the possibility of a complete ban and a statutory levy for treating problem gambling”.  “We are at a really key juncture in the history of the industry and as we discuss all the measures it can take to identify and address gambling harm and risk, the overarching discussion is also about what gambling regulation should be designed to do,” Ketteley continues. “Because there are some tragic stories of addiction and problem gambling, does that mean everyone who reaches £100 a month in deposits should be subject to affordability checks that dive deep into their personal life? What happens to those who spend more than that and don’t want to be subject to those checks? What is the role of personal responsibility in problem gambling? Are there failures at every level: among operators, banks, payment companies and individuals?” It added: “We believe that, particularly in the case of online gambling, such voluntary changes as there have been are the reaction to the industry’s recent realisation that the tide of opinion is turning against it. If change is to be reliably sustained, this will come only by government action and by continuing pressure from the public, the press, and of course the Gambling Commission.” “The APPG noted our concerns that all these fell well-short of what was required to properly protect people,” it said in a statement at the time. The BGC has been a lot more proactive than the ABB ever was in proposing responsible gambling measures and increasing levels of player safety, but the most common criticism it gets is that its proposals are just tinkering at the edges. For his part Gary Follis says the BCG would agree to an “ombudsman that is independent, can judge complaints and if it doesn’t conflict with other regulations”. On advertising he says the Lords report is unclear whether advertising contributes to increasing rates of problem gambling. Over the years the industry’s response to criticism has also been poor; the fixed odds betting terminals saga being the most high profile setting during which the industry, through its trade body at the time the Association of British Bookmakers, came across as particularly tone-deaf to the public mood and the image it was projecting. Regulation “The industry is happy to talk about suggestions and ideas, but all too often they close ranks and say they can’t support the various proposals, and that tends to be uniform across the board,” says Zarb-Cousin. Stephen Ketteley, head of the gaming and betting practice at the law firm Wiggin, says regulations, operators and all stakeholders “should prevent players from spending more than they can afford. No one disagrees on that, the question is how do we get to the stage where regulations can ensure that, while enabling the sector to be commercially viable”.  Email Addresslast_img read more

Gaming Realms to develop Slingo titles based on NetEnt hits

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Under the terms of the agreement, Gaming Realms gains licensing rights for Stardust, which it will use to create a new gaming experience combining its existing Slingo mechanics with the visual features of the successful slot. NetEnt’s chief commercial officer, Andy Whitworth, added: “To widen the reach of our portfolio and building brand awareness in new markets is a vital part of our strategy. Gaming Realms has an extraordinary reach among Slingo fans, especially in the US.” Slingo Starburst will be made available worldwide, and will be distributed to operators from early 2021. 7th October 2020 | By Aaron Noy After income tax of SEK16.4m, profit for the first half of 2020 was down 29.0% at SEK170.4m. “We are certain that great games will come out from combining Gaming Realms’ expertise, the Slingo grid mechanic and our renowned IP.” “We’re thrilled to have secured the licensing rights to NetEnt brands – their slot games have dominated the gaming industry for years,” Gaming Realms chief financial officer Mark Segal said. Topics: Casino & games Slots While NetEnt posted record revenues for Q1 2020, with figures showing totals rising 30.2% to SEK1.09bn (£95.7m/€105.5m/$120.1m), increases in costs including personnel, depreciation and amortisation led to a decrease in profit. Subscribe to the iGaming newsletter The company is set to be acquierd by live dealer giant Evolution Gaming, which made a bid worth SEK19.6bn (£1.73bn/€1.88bn/$2.21bn) to acquire NetEnt, in a deal it said signalled its intent to become “the world leader in the online gaming industry”. iGaming content developer Gaming Realms has signed a multi-year deal with industry giant NetEnt, to develop Slingo games based on NetEnt’s hit titles, beginning with Slingo Startburst. The deal is currently being investigated by the UK’s Competition and Markets Authority, over concerns it could lead to a reduction in competition in the British online gaming market. Gaming Realms to develop Slingo titles based on NetEnt hits “The combination of Slingo and Starburst will create a new game of significant global stature bringing together the best features of both, making this collaboration very exciting for fans.” It comes as NetEnt begins to expand its distribution, agreeing to add its games to SG Digital’s OpenGaming platform.  Email Address Slotslast_img read more

dMY shareholders to vote on Rush Street merger on 29 December

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 15th December 2020 | By Daniel O’Boyle dMY shareholders to vote on Rush Street merger on 29 December Topics: Finance Strategy M&A Tags: Rush Street Interactive Rush Street Gaming New York Stock Exchange Special Purpose Acquisition Company DMY technology Group Finance If the deal is approved as expected, Rush Street Interactive will trade on the NYSE with an initial enterprise value of around $1.78bn, using the ticker symbol “RSI”. Special purpose acquisition company (SPAC) dMY Technology Group will hold a shareholder meeting on 29 December in order to approve its proposed reverse merger with Rush Street Interactive, the online gaming arm of Rush Street Gaming.center_img Read more on iGB North America. The SPAC has filed a merger proxy statement for the securities and exchange commission (SEC), which will be distributed at the meeting. Regions: US dMY’s chairman Harry You and chief executive Niccolo de Masi will both join Rush Street Interactive’s board. Subscribe to the iGaming newsletter Email Addresslast_img read more

PointsBet H1 revenue soars though net loss widens

first_imgAs Pointsbet’s US expansion continued, turnover from the market outpaced the operator’s home nation of Australia. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter While the US made up the majority of turnover, Australia made up almost all of the operator’s gross win, at $75.5m, a 264% year-on-year increase. 29th January 2021 | By Daniel O’Boyle Meanwhile, in the US, PointsBet made $7.9m, down 2.6% year-on-year, to a 1.2% gross win margin. The operator’s gross win margin – before accounting for promotions – came to 8.9%. This resulted in gross revenue of $153.8m, a year-on-year improvement of more than 460%. H1 results 2020 Its outgoings, however, outpaced revenue in H1. Illinois made up most of the operator’s US gross revenue at $9.3m, while Indiana brought in $2.5m. The vast majority of this total came from Australia, which contributed $136.0m, a 448.4% rise. Gross win came to $32.3m, with the US bringing in the majority this time at $17.9m compared to $14.4m. Revenue came to $22.9m, of which $9.2m came from Australia and $13.7m the US. Tags: PointsBet Australian revenue grew 239.7% to $49.8m, but in the US, PointsBet made a loss of $5.1m. Advertising and marketing costs were the largest expense, at $71.8m, while research and development costs totaled $48.0m. For the first half of the year, PointsBet’s turnover came to AUD$1.89bn (£1.06bn/€1.19bn/$1.45bn), up 254.5% from 2019–20. Australia made up the bulk of this total, contributing $1.07bn, a 206.6% increase. US turnover grew 335.1% to $819.0m. This resulted in a loss before including money held in player cash accounts of $69.1m. After including this total, which came to $20.3m, PointsBet made a loss of $48.8m, up 51.1% from the previous year. Looking at the second quarter of its fiscal year, to 31 December 2020, the operator’s betting turnover came to $1.19bn, up 303.0% year-on-year. Revenue after promotional spend for the quarter then came to $44.6m, up 148.1%. Subscribe to the iGaming newslettercenter_img PointsBet saw turnover and revenue for the first half of its 2020-21 fiscal year grow rapidly, though high advertising spend and R&D investment hit its bottom line. Staff costs came to $15.8m  and administrative and corporate costs $16.3m. US turnover came to in $655m, up 482.4%, compared to Australia’s $594m, itself a 193.9% increase. Despite making up most of its turnover, PointsBet’s posted a $5.1m loss from New Jersey. Within the US, New Jersey made up most of PointsBet’s turnover, at $453.5m, with Illinois following, on $154.9m. Topics: Finance Sports betting H1 results 2020 Results 2020 Online sports betting Product & technology The operator said it was well-placed to continue to grow over the rest of the year and beyond, thanks in part to key partnerships such as its deal with NBCUniversal in the US and its selection of NBA legend Shaquille O’Neal and golf personality Paige Spiranac as brand ambassadors. The operator also revealed that its January figures suggest it is on course to shatter its previous quarterly revenue records, thanks to improved US margins. The operator also published some figures for the period from 1 January until 24 January, where US trading margins were much more favourable. The period includes the first three days of PointsBet’s activity in Michigan, where it launched last week. Regions: Oceania US Australia Colorado Illinois Indiana New Jersey In the US, gross win came to $17.7m, but this was still up 580.7% from the year before, as PointsBet expanded into Indiana, Illinois and Colorado during the 2020 calendar year. Australian revenue came to $84.8m, which was reduced by a $2.0m loss from the operator’s US sportsbooks. PointsBet said this loss was down to a combination of high payouts and a particularly low margin in the second quarter. After factoring in promotional spend, revenue totalled $82.7m, up 301.8% year-on-year. PointsBet H1 revenue soars though net loss widens Pointsbet’s gross win margin declined, however, to 7.0%, but gross revenue was still up 189.2% year-on-year at $83.4m. During this period, PointsBet’s turnover came to $238m. This was split almost evenly between Australia and the US, with $118m and $119m respectively. Email Addresslast_img read more

AskGamblers launches sports betting complaints service

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 19th April 2021 | By Robert Fletcher AskGamblers launches sports betting complaints service Topics: Uncategorized Operated via its AskGamblers Casino Complaint Service (AGCCS), AskGamblers Sports will allow users to log complaints related to online casinos offering sports betting.Players can submit complaints in a number of languages and their issue will be logged after they agree to the AGCCS guidelines and terms.“What opening a sportsbook related complaint does is pair you up with the AskGamblers Casino Complaint Service experts who can help you with issues that might occur with the sports product offered by any of the operators listed on the AskGamblers website,” AskGamblers said.“Sports Betting Complaints section pairs you up with the AskGamblers Casino Complaint Service experts who can help you with issues that might occur with the sports product you use.” Uncategorized Email Address Online gambling comparison website AskGamblers has launched a new complaints service for sports betting sites. Subscribe to the iGaming newsletterlast_img read more

Lithuanian regulator threatens to block illegal operators

first_imgThe warning comes after the Gambling Supervisory Authority last month imposed its first ever fine against an operator. UAB Tete-a-Tete Casino, operator of the CBet brand, was told to pay €15,000 (£13,049/$18,145) for unreasonably setting betting limits on an online customer. Tags: Block Ilegal AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Gambling laws in the country permit the Control Authority to take action against unlicensed operators, including blocking access to their websites in the country. Lithuanian regulator threatens to block illegal operators 30th April 2021 | By Robert Fletcher Legal & compliance “After having identified the fact of illegal remote gambling activity in the Republic of Lithuania, the Control Authority is authorised to take measures established in the Gaming Law.” The only way an operator can be taken off the blacklist is if it secures the relevant licence to offer online gambling in Lithuania.  “The Control Authority strongly recommends all online gambling operators review all their activities related to remote gambling in Lithuania and take actions to ensure that such services are not available for Lithuanian customers,” the Control Authority said. Operators must hold the correct licence in order to legally offer gambling in Lithuania, with those running in the country without approval being regarded as illegal operators. Subscribe to the iGaming newsletter Also last month, the Gambling Supervisory Authority fined an employee of a digital media business for placing illegal gambling advertisements on basketball news and information website Krepšinis.net. The Lithuanian Gaming Control Authority has warned unlicensed operators that it could block access to their websites if they continue to offer online gambling in the country without a permit. Regions: Lithuania Topics: Legal & compliance Legal Any operator that is blocked is also added to the Control Authority’s blacklist of unlicensed and illegal operators, which is updated regularly on its website. The site was found to be hosting gambling ads with slogans and animated backgrounds, and featuring promotional bonuses, which are prohibited under Lithuanian regulations. The ads also lacked the mandatory warnings required in gambling adverts. Email Addresslast_img read more