Kenyan Parliament rejects calls to cut 35% gambling tax

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Kenyan Parliament rejects calls to cut 35% gambling tax Topics: Casino & games Finance Legal & compliance Sports betting Subscribe to the iGaming newsletter Regions: Africa East Africa Kenya 3rd September 2018 | By contenteditor Kenya’s Parliament has turned down requests to lower gaming tax in the country from 35% to 15%, despite ongoing concerns that the current rate is hampering progress in the domestic gambling market. The Kenyan Finance and National Planning Committee had launched a campaign for a 15% flat rate by seeking to reintroduce amendments through the Finance Bill 2018, after a similar bid through the Tax Laws (Amendment) Bill 2018 failed. However, MPs have turned down the request and the 35% rate will remain in place. According to Daily Nation, the Committee had also suggested cutting the share of sales that gambling operators dedicate to social causes and charity from 25% to 5%, but this was also rejected by MPs. In June 2017, Kenyan President Uhuru Kenyatta (pictured) signed off on a new law to raise the tax rate to a flat 35% across all forms of gambling, following a vote from MPs on the matter. Previously, bookmakers were paying a 7.5% tax rate, while lotteries were taxed at 5%, casino gambling at 12% and competitions such as raffles at 15%. However, the move has led to widespread criticism from both operators active in Kenya and the country’s residents, with 60% of citizens opposed to the rate. SportPesa, which is headquartered in the Kenyan capital of Nairobi, threatened to withdraw from the country on the back of the ruling and took the matter to court. The operator later announced that it was to halt all sports sponsorship in Kenya as a direct response to the tax hike. Campaigners had been keen to lower the rate to 15% Tags: Online Gambling OTB and Betting Shops Email Addresslast_img read more

Nevada gambling sector hits new revenue high in October

first_img28th November 2018 | By contenteditor Topics: Casino & games Finance Sports betting Poker Slots Table games Total market revenue passes $1bn for fifth time in 2018, though sports betting revenue drops to $28.7m Tags: Card Rooms and Poker Slot Machines AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Nevada gambling sector hits new revenue high in October Casino & games Nevada posted its highest monthly gaming revenue of the past year in October, but sports betting revenue fell month-on-month as punters won more from wagering on American football.Total gaming revenue grew to USD$1.06bn (£832m/€941.8m), with October marking the fifth time in the past year that Nevada reported more than $1bn in monthly revenue.However, Nevada sportsbooks collectively generated revenue of $28.7m for October, down from a record $56.3m in September. The state’s sport handle also dropped from September’s high of $571m to $530.5m, according to the figures published by the Nevada Gaming Control Board. Operators were hit hardest in betting on the football, where punters won $18m more than in September. This resulted in total revenue from betting on football declining 28.3% to $11.3m, off a handle of $342.4m. Betting on baseball hit $74.3m in October, with sportsbooks winning $8.2m, up 30.8%, while wagering on basketball amounted to $51.4m and revenue declined 2.49% to $3.7m. The split between land-based and online revenue is not clear, as Nevada’s gambling regulator does not publish separate results for digital and retail betting.Nevada is not the only state to have suffered from a drop in betting revenue during the month. New Jersey also saw sports betting revenue plummet from $24m in September to $11.7m in October, despite handle rocketing 40% month-on-month to over $260m. It was a similar story in Mississippi, where sports betting revenue came in at $1.2m in October, down from $5.5m in September, despite amounts wagered rising to $32.8m.Looking at the rest of the market, slot machines accounted for 65.2% of total gaming win during the month, with casinos taking $693.5m, up 5.8% on the same month last year.The state’s Gaming Control Board also noted significant growth in the blackjack market, with the amount won up 40.4% year-on-year to $125.5m. Roulette win was also up 21.6% to $40.4m while craps climbed 8.1% to $31.8m. In contrast, baccarat win fell by 13% to $76.3m, but remains the second highest source of gaming income for casinos.Image: LasVegasGuy Regions: US Nevada Subscribe to the iGaming newsletter Email Addresslast_img read more

DC betting delayed over DC Lottery, Intralot concerns

first_img Subscribe to the iGaming newsletter DC betting delayed over DC Lottery, Intralot concerns Topics: Legal & compliance Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Legal & compliancecenter_img Regions: US Washington DC 9th January 2019 | By contenteditor The launch of legal sports betting in Washington DC is set to be delayed after emergency legislation designed to fast-track its implementation was dropped.An emergency resolution that would have enabled the Sports Wagering Lottery Amendment Act to be implemented within months was withdrawn by DC City Council chairman Phil Mendelson on Tuesday.The new law will now proceed as standard legislation, meaning a public hearing will be held later this year. This hearing will examine matters such as whether the DC Lottery should be allowed to gift its sports betting technology supply contract to Intralot without running a procurement process.The Sports Wagering Lottery Amendment Act, as it stands, would hand an effective mobile wagering monopoly to the DC Lottery’s Intralot-powered platform. Opposition to “sole sourcing” within DC, however, has seemingly led to a delay.Backers of the DC Lottery-Intralot platform had pushed for quick resolution, suggesting it could take up to three years for a full tender process to be completed. DC City Council chief financial officer Jeff DeWitt, in a letter sent to lawmakers earlier this week, said his analysts estimate DC could lose $60.9m in sports wagering revenue between 2019 and 2022 while this process is carried out.Supporters of sports betting had hoped that it could launch before the start of the Major League Baseball (MLB) season in April. That now looks unlikely with a full hearing and possible procurement process to be scheduled.In a DC City Council meeting on Tuesday, amendments to licence fees proposed by Councilmember Kenyan McDuffie were voted through by councilmembers. Operators who do not partner with local Certified Business Enterprises (CBEs) will now pay twice as much in fees, with the top level licence potentially doubling to $500,000.The Sports Wagering Lottery Amendment Act, originally introduced by Councilmember Jack Evans in September, was passed by the DC City Council in December.It permits retail and digital sports betting in the capital, which has a population of almost 700,000 and teams in each of the major US sports leagues.While the DC Lottery app would be the only mobile betting platform allowed across almost all of DC, a number of designated facilities, such as the city’s major sports arenas, would be able to sign their own partners which would be able to offer their mobile services to customers within a two-block exclusivity zone, inside of which no competition is allowed.The four stadiums that can apply for Class A licences and offer betting are the 82,000-capacity FedEx Field, the 41,000-capacity Nationals Park, and Capital One Arena and Audi Field which can both hold just over 20,000 fans.Operators would be charged a 10% tax on gross wagering revenue, with Class A five-year licenses at the sports venues costing $250,000 for those partnered with CBEs. Class B sports betting licences, which do not allow mobile exclusivity, can be obtained by other premises at a cost of $50,000 for those partnered with CBEs and $100,000 for those without. More limited, two-year retail licenses cost $5,000 apiece. Between 40 and 60 other premises that currently offer lottery products – between 10% and 15% of the current total – are expected to apply for licences according to D.C. City Council estimates.Supplier licences are available for an up-front fee of $10,000 followed by an annual charge of $2,000.Image: Keith Allison Hearing could examine whether DC Lottery should be forced to launch tender process to select technology supplierlast_img read more

Scout Gaming Group introduces Fantasy Premier League game

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 24th July 2019 | By Daniel O’Boyle Sports betting Fantasy sport sprovider Scout Gaming Group has introduced its new Fantasy Premier League season game, with a prize pool of €250,000. Topics: Sports betting Subscribe to the iGaming newsletter Fantasy sport sprovider Scout Gaming Group has introduced its new Fantasy Premier League season game, with a prize pool of €250,000.The company claims the tournament is the world’s largest fantasy Premier League season game, in terms of the prize pool on offer, and is available for Scout Gaming’s clients around the world.Although the game has many similarities to the official Fantasy Premier League game, the level of money prizes are a notable difference. Scout Gaming’s competition promises to pay out 1,250 prizes, including €50,000 for the overall winner. There will also be a “high-rollers” tournament, with a €2,625 buy-in.Despite this development of a season-long game, much of Scout Gaming’s prior work has been in the daily fantasy sports sector, including its Fantasy Match-Up game.In May, Scout reported increased losses in Q1 of 2018, despite its operating revenue more than doubling to SEK3.5m (£293,020/€329,130/$369,808).In June, investment firm Tekkorp Capital, run by former Scientific Games Digital and NYX chief executive Matt Davey, announced a $1m strategic investment in Scout Gaming. That investment came weeks after the company agreed a deal to provide its content to SG Digital customers Scout Gaming Group introduces Fantasy Premier League game Email Addresslast_img read more

Spanish police find little evidence of underage gambling

first_img7th October 2019 | By contenteditor Email Address Regions: Europe Southern Europe Spain AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter A national investigation by the Spanish police found little evidence of underage gambling across the country’s licensed gambling premises. La Policía Nacional’s Operation Arcade, in which more 3,000 spot inspections of almost 1,900 gaming halls throughout Spain were carried out over a 48-hour period, uncovered only 28 cases of minors gambling. Casino & games Topics: Casino & games Legal & compliance People Sports betting Slots A national investigation by the Spanish police found little evidence of underage gambling across the country’s licensed gambling premises.La Policía Nacional’s Operation Arcade, in which more 3,000 spot inspections of almost 1,900 gaming halls throughout Spain were carried out over a 48-hour period, uncovered only 28 cases of minors gambling.The operation took place across all regions of the country aside from the Basque Country, and covered more than half of all licensed gaming premises in the country.The National Police identifies only 28 minors in the 3,000 visits made to almost 1,900 game rooms throughout Spain, with some inspected more than once.
With only a small number of instances of underage gambling uncovered, Spanish operator association Consejo Empresarial del Juego (CEJUEGO) claimed that this showed press reports of widespread underage play were off the mark.“This operation has been quite exhaustive, focusing on verifying the actual incidence of minors in accessing in-person gambling services,” CEJUEGO director general Alejandro Landaluce said. “The resulting data reaffirms our conviction that, although there is room for improvement in technological systems used to control access [to gambling venues], there is no real problem regarding minors entering gaming halls.”Landaluce went on to attack “unjustified” media reports on underage gambling, suggesting that Operation Arcade had been portrayed as a crackdown on a widespread problem in the country. Recent reports in the Spanish press have suggested that the Spain has the highest rate of teenage gambling addiction in Europe.“As CEJUEGO has been saying, it is totally false that minors are [regularly] accessing these premises,” he explained. “On the contrary, the cases detected are absolutely minimal.“These official and public studies already confirmed this fact, and now the results of Operation Arcade reaffirm it,” he added.CEJUEGO noted that while underage gambling is almost non-existent in Spain’s retail gaming market, it was looking at new ways to stamp out the problem entirely. This will see it utilise technology to better verify player identities, as well as implementing new restrictions across all sub-sectors and channels.The results of the operation come as CEJUEGO steps up efforts to improve the image of Spain’s gambling industry. This has already seen it publish a survey in June, which claimed that around 92% of the country’s population saw gambling as an acceptable form of leisure activity.This is being conducted against the threat of tighter restrictions on gambling operators, such as advertising controls that would see the industry treated in a similar way to the tobacco sector.Over the weekend, Spanish media also reported on public protests against the proliferation of gambling in the country. Tags: OTB and Betting Shops Slot Machines Subscribe to the iGaming newsletter Spanish police find little evidence of underage gamblinglast_img read more

MPs group demands £2 online casino limit

first_img MPs group demands £2 online casino limit MPs have described the Gambling Commission as “not fit for purpose” and demanded a £2 stake limit to be imposed on some online casino games.The Gambling Related Harm All-Party Parliamentary Group (GRH APPG) cast scorn on the regulator as it published its interim report on the UK online gambling sector following a six-month enquiry.The £2 limit would be placed on slot-machine style games, in line with the FOBT limit that was imposed earlier this year.The APPG said there is now a disparity in controls on stake and deposit limits between online and offline games, and said it is indefensible because the government’s FOBT change means it has accepted the principle that harm can be reduced by reducing stake levels.The report further takes aim at the Gambling Commission for failing to consider changes to rules on online stake and prizes despite looking at other aspects of regulation.“As such, the Parliamentarians have raised concerns that that the Gambling Commission is not fit for purpose,” the GRH APPG said in a statement.The group, created last year to investigate the impact of gambling-related harm, announced 11 key recommendations including the limit on online stakes and prizes. It also wants the government to “urgently” introduce new gambling legislation with a focus on harm prevention, and a ban on the use of credit cards to gamble online.In addition, the group said the Gambling Commission needs to “urgently improve its standards in the area of online gambling”.The APPG said the treatment of gambling addiction and support for gambling related harm should be part of the NHS remit, and called for a ‘smart statutory levy’ of 1% be introduced to fund research and that the commissioning of research be transferred from GambleAware and the Gambling Commission to independent UK research councils and a public health setting.“This report highlights the urgent need for a root and branch review of the regulation of online gambling,” said the GRH APPG’s chair, Carolyn Harris MP.“Stakes and prize limits online would be a major step forward in reducing the harm caused by the sector.“It is not at all clear why the Gambling Commission is not looking at this as a matter of urgency. It is an abdication of its responsibility as a regulator.“There must be consistent and appropriate regulation of all forms of gambling. I also urge the government to urgently review the provision of research, education and treatment in the sector. GambleAware are not effectively carrying out this function and it should immediately be brought into a public health setting.”The GRH APPG took evidence from, among others, academics, problem gamblers, banks, charities and online gambling operators. The group said a full report will be published in the future as it is yet to meet with the new Gambling Minister or any representative from the Gambling Commission.“It is clear from this inquiry that the powers of the Gambling Commission need to be significantly strengthened,” said Iain Duncan Smith MP, the vice-chair of GRH APPG.“For too long, online gambling operators have exploited vulnerable gamblers to little or no retribution from the regulator. We cannot continue to fail vulnerable gamblers.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 4th November 2019 | By contenteditor Email Address Tags: Online Gambling Subscribe to the iGaming newsletter Legal & compliance MPs have described the Gambling Commission as “not fit for purpose” and demanded a £2 stake limit to be imposed on some online casino games. Regions: UK & Ireland Topics: Legal & compliancelast_img read more

Norsk Tipping grassroots funding nears NOK700m in 2019

first_img10th January 2020 | By contenteditor Regions: Europe Nordics Norway Email Address Norsk Tipping grassroots funding nears NOK700m in 2019 Topics: Finance Lottery Strategy Norwegian lottery operator Norsk Tipping has announced that it distributed almost NOK700m (£60.2m/€70.9m/$78.6m) in gambling proceeds to grassroots sports initiatives across the country during 2019.A total of NOK698.2m was handed out via the operator’s Grasrotandelen project – an increase of 7.6% on NOK649m in 2019 – with Norsk Tipping players able to select which initiatives received funding. According to Norsk Tipping, more than 35,000 grassroots initiatives secured funding from the operator and its customers.Hordaland was the region that benefited the most from the scheme, with projects in the area receiving NOK76.4m. Initiatives in Akershus secured NOK65.1m in funding, while Trøndelag-based projects received NOK60.1m.Anne Helseth, who oversees the Grasrotandelen project for Norsk Tipping, said: “Grassroots funding is important for Norwegian voluntary work. Teams and associations receive a welcome addition to their daily operations.”In November of last year, Norsk Tipping also revealed that it distributed a total of NOK4.8bn in gambling proceeds in 2018 to charitable causes.Of 2018’s sum, 6.4% – around NOK307m – went to health and gambling addiction rehabilitation services, with the remaining NOK4.5bn was distributed to other causes.Sport received the largest portion of this fund, at 64%, while cultural initiatives received 18% and humanitarian organisations received the same amount.center_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Finance Norwegian lottery operator Norsk Tipping has announced that it distributed almost NOK700m (£60.2m/€70.9m/$78.6m) in gambling proceeds to grassroots sports initiatives across the country during 2019.last_img read more

Canadian MP to reintroduce single event betting bill

first_imgLegal & compliance Regions: Canada 4th November 2020 | By Robert Fletcher Canadian MP to reintroduce single event betting bill Tags: Canada Should the bill pass into law, Canadians would be able to place bets on single games or events – a campaign backed by a number of leading operators in the country, including provincial lottery operator the British Columbia Lottery Corporation (BCLC) and media business Score Media and Gaming (theScore). The bill seeks to repeal paragraph 207(4)(b) of Canada’s Criminal Code, under which consumers are only permitted to place bets on at least three games or more, meaning that a wager on a single match or event is illegal. Topics: Legal & compliance Sports betting regulation A bill that would repeal existing laws and make it legal for Canadians to wager on single sporting events is to be reintroduced into the country’s parliament. Read the full story on iGB North America. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Responding to the reintroduction of the legislation, theScore chief executive John Levy welcomed the announcement, reiterating its support for the bill and to open up more wagering opportunities for Canadians. Subscribe to the iGaming newsletter Sponsored by Conservative Member of Parliament Kevin Waugh, C-218, which is also known as the Safe and Regulated Sports Betting Act, was first introduced in February this year. Email Addresslast_img read more

Rank Group raises £70.0m through placement and subscription

first_imgThe operator noted that Grosvenor’s venues were closed for much of the quarter, but said they performed above expectations once they opened from 15 August, though the implementation of a 10 p.m. curfew in September had a “material impact” at the end of the period. In addition, the operator also announced that group like-for-like gaming revenue was down 52% and total net gaming revenue down 47% for the quarter ended 30 September, the first quarter of its 2020-21 financial year as all sectors – including digital – saw revenue shrink. The operator said it would use the funds to “strengthen the Company’s balance sheet” and “provide ample working capital to operate through this challenging trading environment” as well as continue to restructure its business, reiterating statements it made yesterday when it said it was exploring a placement. Email Address Mecca Bingo and Grosvenor Casino operator the Rank Group has successfully raised £70.0m through a share placement and retail subscription. Finance In addition, Rank subscribed a further 1,009,258 new ordinary shares at the same price using the PrimaryBid platform. The total of 77,746,020 shares issued represented 19.9% of Rank’s share capital, the most that can be issued to raise funds. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The operator, through investment bank Peel Hunt and Goodbody Stockbrokers, placed 76,736,762 shares priced at 90 pence per share, a 4.3% premium ont Rank’s closing share price yesterday (5 November) of 86.9 pence.  6th November 2020 | By Daniel O’Boylecenter_img Tags: Rank Group Share placement Funraising The decline in digital, meanwhile, came mostly due to the retail shut-down, leading to low contributions from its “more valuable omni-channel customers”, while tighter affordability restrictions limits through the pandemic also played a part. Topics: Finance Bingo Land-based casino Q3 results 2020 Revenue from Rank’s Grosvenor venues was down 74%, while Mecca Bingo revenue declined 45%. International revenue was down 26% while digital revenue was 3% lower than the same quarter in 2019-20. Rank Group raises £70.0m through placement and subscription It said that Mecca’s performance after reopening on 4 July was also ahead of expectations. Regions: UK & Ireland Subscribe to the iGaming newsletter Rank’s revenue is likely to continue to be impacted as British brick and mortar casinos and bingo halls have now been forced to close again in a new national lockdown from 5 November until at least 2 December.last_img read more

Australian authorities to block a further 10 gambling websites

first_img Tags: ACMA Australian Communications and Media Authority Regions: Australia Australian authorities to block a further 10 gambling websites Since the ACMA made its first blocking request in November 2019, a total of 238 illegal gambling websites have been blocked in the country. The Australian Communications and Media Authority (ACMA) has ordered the blocking of a further 10 online gambling websites it said have been operating in the country illegally. 24th March 2021 | By Robert Fletcher Subscribe to the iGaming newsletter The ACMA said it investigated each of the brands after receiving a number of complaints from consumers, ruling that all of the sites were in breach of the Interactive Gambling Act 2001. Play Croco, Aussie Play, Golden Reels, All Spins Win, Bonza Spins, Pokie Spins, Golden Pokies, House of Pokies, Pokie Mate and PokieZ were all deemed to be running as illegal offshore gambling sites. Email Address The ACMA also said 130 illegal services have pulled out of the country’s market since it began to enforce new illegal offshore gambling rules in 2017. Blocking orders were also issued in August, October and November last year. Online casino AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Legal & compliance Online casino Legal The latest round of blocking comes after the ACMA last month also ordered ISPs to block another 18 sites, including Syndicate Casino, Fast Pay Casino, BitStarz and King Billy Casino. As a result, the ACMA has requested Australian internet service providers (ISPs) to block the 10 websites.last_img read more