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  • Ohio marks a successful first year of legalized sports betting with over $761 million in revenue | Yogonet International

    Ohio marks a successful first year of legalized sports betting with over $761 million in revenue | Yogonet International

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    Ohio is concluding its first year of legalized sports betting with over $761 million in revenue generated so far in 2023. In July, the state chose to double the tax on betting revenue, raising the rates from 10% to 20%, resulting in a total of $99,453,727 in taxes collected.

    The success of sports betting in Ohio can be attributed to the presence of numerous prominent professional and university sports teams in the state. The revenue exceeded the initial expectations of the legislative commission, which estimated about $31 million in taxes from sports betting.

    However, the first year of sports betting in Ohio was marked by challenges and controversies. The men’s basketball coach of the Dayton Flyers, Anthony Grant, highlighted the emotional and mental impact of sports betting on players.

    “When we have people that make it about themselves and attack kids because of their own agenda, it sickens me,” Grant said during a January press conference.

    In response, Governor Mike DeWine signed a pioneering law in the U.S. in July to protect athletes. The new legislation allows the Ohio Casino Control Commission to ban individuals from placing bets if they threaten an athlete.

    Additionally, Columbus announced the expansion of the Hollywood Casino area, aiming to transform the region into a tourist destination. The number of sportsbooks in the state is constantly increasing.

    With about 20 operators currently in Ohio, this number is expected to grow by the end of next year. Most of the taxes collected are allocated to the general revenue fund for schools, while 2% are reserved to assist people struggling with gambling addiction and 0.5% of license fees are allocated to a veterans’ fund.

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  • Sean Mason appointed as BMM Testlab's Senior Director of Tribal Services | Yogonet International

    Sean Mason appointed as BMM Testlab's Senior Director of Tribal Services | Yogonet International

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    BMM Testlabs has appointed Sean Mason as Senior Director of Tribal Services, the company announced on Wednesday. Mason brings more than 20 years of industry experience working with tribal regulators and operators to the role.

    BMM Testlabs Executive Vice President Travis Foley said: “BMM’s continued growth has allowed us to further expand our Tribal services team in North America. Sean joins BMM with over 20 years of experience in specialized technical and regulatory compliance training, as well as penetration testing for Tribal gaming operations.”

    “Over his long tenure in the gaming industry, Sean has built strong relationships with regulators, and his leadership will generate more opportunities for our team to enhance our partnerships within the Tribal gaming sector.” 

    Mason brings extensive experience in specialized technical and regulatory compliance training to BMM. Most recently, he served as a Cybersecurity and IT Auditor for Entain, one of the world’s largest sports betting and gaming groups.

    Before that, as a Technical Compliance Engineer at BetMGM, he specialized in Tribal gaming, overseeing all regulatory technical matters relating to rules, regulations, technical standards, and minimum internal control standards.

    The company added that Mason’s experience also includes serving as an IT Auditor for the National Indian Gaming Commission, representing the NIGC as a speaker to ensure that regulators throughout Tribal gaming properties had proper clarification on each regulation. He also worked for nearly 13 years as a Senior Development Representative at GLI, with a focus on field inspections

    Mason said: “I am excited to join BMM’s Tribal services team during a time of record growth for the company. I look forward to contributing my knowledge of specialized technical compliance with Tribal regulators across North America, and to helping grow our partnerships and outreach with Tribal regulators and operators alike.” 

    Mason earned a Bachelor of Science degree in Electronic Engineering and Automated Manufacturing Technology from ITT Technical Institute. He is also a PECB Certified ISO/IEC Lead Auditor. 

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  • Pragmatic Play expands Live Casino portfolio with Lucky 6 Roulette | Yogonet International

    Pragmatic Play expands Live Casino portfolio with Lucky 6 Roulette | Yogonet International

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    iGaming content supplier Pragmatic Play has launched a new product, Lucky 6 Roulette, as part of its Live Casino portfolio. The release adds “a thrilling twist” to the classic casino roulette game.

    The Live Casino game show maintains the familiar elements of Roulette, providing players with their favorite betting types, while introducing six Lucky Numbers with each game round.

    After bets are closed, each Lucky Number is given a unique Lucky Multiplier between 50x to 2,088x the player’s bet, boosting the winning potential. Any players who have placed a straight-up bet on a winning Lucky Number will be awarded the Lucky Win with its assigned multiplier prize.

    Lucky 6 Roulette joins Pragmatic Play’s suite of Live Casino games, which includes the recently released adventure-themed game show Treasure Island.

    Irina Cornides

    Irina Cornides, Chief Operating Officer at Pragmatic Play, said: “Lucky 6 Roulette takes the excitement of live Roulette to the next level. It’s set in a stunning studio that serves up rich visuals to complement the premium elements of Roulette, while delivering players six chances to win boosted prizes with each game round.

    Pragmatic Play is always looking to offer new ways to enjoy Live Casino. Lucky 6 Roulette joins many other favorites in a portfolio that continues to power up new possibilities of play for operators and their players,” she added.

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  • IGT identified as a Top Employer in the US and Canada by Top Employers Institute  | Yogonet International

    IGT identified as a Top Employer in the US and Canada by Top Employers Institute  | Yogonet International

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    International Game Technology announced Monday that it has been recognized as a Top Employer in the U.S. and Canada by the Top Employers Institute, a global authority in recognizing excellence in people practices. This announcement follows the news that IGT Italy earned the Top Employer distinction earlier this year as well.

    The Top Employers Institute also independently certified that IGT is an employer of choice, joining more than 2,100 organizations in more than 120 countries. 

    “Earning the Top Employer distinction in the U.S., Canada and Italy is a significant achievement for IGT, as more than 70% of the company’s workforce resides in those three countries,” said Dorothy Costa, IGT Senior Vice President, People & Transformation

    The Top Employers Institute provides meaningful benchmarking data that will help IGT drive continuous improvement and provide a working environment where professional growth, inclusion and communication are paramount.”

    Dorothy Costa, IGT Senior Vice President, People & Transformation

    The company stated that to earn this achievement, IGT went through a “rigorous” application process and provided detailed responses to more than 225 questions pertaining to the company’s people strategy, which includes its commitment to sustainability, diversity and inclusion, and ethical operations.

    The application process also encompassed IGT’s achievements in digitization, talent acquisition, professional and leadership development, well-being and performance management. 

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  • Brazil: Senate includes sports betting bill on Wednesday's agenda | Yogonet International

    Brazil: Senate includes sports betting bill on Wednesday's agenda | Yogonet International

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    After having its vote postponed once again, the Sports Betting Bill (PL 3626/23) was included as item 1 on the Agenda of the Semi-Presidential Ordinary Deliberative Session of the Senate this Wednesday, December 6, which is scheduled to start at 2 p.m. 

    The decision to include the issue in the agenda was made by the president, Rodrigo Pacheco (PSD-MG), who is accompanying the Brazilian delegation to COP 28 in the United Arab Emirates. On Wednesday, senators will be able to vote through the app and will not need to be in Brasília, which could guarantee the quorum necessary for a roll call vote.


    Rodrigo Pacheco

    The information was confirmed by the rapporteur of the bill that regulates online sports betting, senator Ângelo Coronel (PSD-BA), who told Arko Advice that the vote on the text should begin this Wednesday.

    “The deadline is short, we only have until December 21 and we will put in a concentrated effort to pass this and other bills in the coming weeks,” the senator stated.


    Angelo Coronel

    The consultant also spoke to Adolfo Viana (PSDB-BA), the bill’s rapporteur in the Chamber of Deputies. If Coronel’s opinion is approved by the senators, the text will return to the Chamber and will be analyzed again by Viana.

    The deputy pointed out that he intended to modify the tax rate established in the Senate opinion, in search of a middle ground – Coronel’s text taxes the turnover of betting companies at 12%, while the text approved in the House foresaw a rate of 18%, in addition to obliging the so-called foreign betting companies to have at least 20% of their capital in the hands of a Brazilian company.


    Adolfo Viana

    In the Senate, changes were introduced in the text approved by the Chamber of Deputies, so the bill will have to pass again through the Lower House. The postponement further tightens an extensive calendar of agendas to be voted on in Congress. The parliamentary recess begins on December 23.

    Government interest

    The Minister of Finance, Fernando Haddad, said on Thursday, November 30, that the economic team will ‘tenaciously’ pursue the goal of bringing the public accounts deficit to zero next year.


    Fernando Haddad

    “We are going to work until the last day to get all of this passed. We have the support of both the Speaker of the House and the Senate,” Haddad told reporters in Doha, Qatar, on a series of measures being debated in Congress to raise revenue, such as regulating federal incentives based on state subsidies, taxing sports betting and changing the JCP (interest on capital) mechanism.

    He welcomed the progress of the measures in Congress. On Wednesday, November 29, the Federal Senate approved one of the minister’s main proposals to increase revenues until 2024. Senators approved the proposal to modify the tax levied on so-called exclusive funds (intended for high-income individuals in Brazil) and offshore funds (abroad). The government expects to raise BRL 20 billion reais (about $4 million) from the measure next year.

    Deferral

    Despite the presentation of Senator Angelo Coronel’s (PSD-BA) report in the plenary, the vote on PL 3626/23 was postponed last Wednesday, November 29.


    Eduardo Girão

    Opponents, led by Senator Eduardo Girão (Novo-CE), managed to delay the matter with points of order and last-minute amendments. According to the text’s detractors, it would open the way to the freedom of ‘virtual casinos without supervision’. Parliamentarians in favor of the proposal, however, pointed out that the measure does not create new types of gambling, but merely regulates a 2018 law (Law 13,756) and guarantees the government revenues from games already in operation.

    Bill 2.234/22, which legalizes casino activities in tourist resorts, as well as hotels and river resorts, besides allowing gambling and bingo, will be discussed by the Senate CCJ this week. The rapporteur is Senator Irajá (PSD-TO), who issued a report favorable to the approval of the bill, rejecting only four amendments to the text.

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  • Entain's BetCity fined $3.26 million by Dutch gaming authority Kansspelautoriteit | Yogonet International

    Entain's BetCity fined $3.26 million by Dutch gaming authority Kansspelautoriteit | Yogonet International

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    Entain is facing a fine in the Netherlands as the Dutch gaming authority, the Kansspelautoriteit, has levied a penalty of $3.26 million (EUR 3 million) on its BetEnt subsidiary, operating as BetCity, a company acquired by Entain in January.

    This move by the Dutch regulatory body was in line with the country’s regulations related to money laundering and terrorism financing prevention.

    As a major player in the sports betting and gambling space, Entain owns an array of recognized brands such as bwin, Coral, Ladbrokes, PartyPoker, and Sportingbet. This recent development involving BetEnt, however, has drawn attention to compliance issues and regulatory adherence.

    The Dutch gaming authority highlighted the obligation for gambling providers to diligently monitor customer transactions, flagging and reporting any suspicious or abnormal activities to the Dutch financial intelligence unit 

    They must investigate who their clients are (identity check), which transactions they enter into and what their risk profile is in relation to the risk of money laundering and terrorist financing,” the authority stated.

    Entain acknowledged AML and CFT failures, specifying that they occurred between December 2022 and February 2023. The Dutch regulator said it initially ordered BetEnt to follow guidelines in September 2022 after identifying specific violations, also providing instructions on how to correct the issues. However, the regulator continued to find deficiencies when investigating customer transactions.

    Following completion, Entain commenced implementing improvements to BetCity’s procedures and control frameworks, has fully co-operated with the KSA investigation and is committed to working with regulators in all its markets to ensure the highest standards of player protection,” Entain said in a statement.

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  • Rank Group expects to get Grosvenor Casinos to post up to $8.8M in weekly revenue | Yogonet International

    Rank Group expects to get Grosvenor Casinos to post up to $8.8M in weekly revenue | Yogonet International

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    Rank Group‘s Chief Financial Officer, Richard Harris, said at a capital markets event held Thursday that the company expects to get Grosvenor Casinos up to £7 million ($8.8 million) in revenue per week.

    Harris said the push would happen “largely through activity that is within our control.” However, he conceded the figure is “before the benefits of the Gambling Act review” and before we the company makes any material changes to the property estate. “All-in, we expect to push the business well above £7 million per week in the medium term,” Harris added.

    According to the company’s latest set of results, in the first quarter of 2023-24, revenue at Grosvenor venues was £84.2 million ($106.8 million). Continuing on the digital side, Harris said Rank sees an opportunity to grow digital revenue by 8%-12% in the next few years.

    “The revenue growth, the operator leverage benefit, and the focus on efficiency will also lead to improved margins,” Harris explained. He also said Rank believes it can take Mecca from a loss of £5.8 million ($7.3 million) last year “to a double-digit operator profit in the medium term.”

    Furthermore, Harris shared insight into Rank’s stance towards the proposals outlined in the Gambling Act review white paper, published back in April. He said the company had been “working through the various consultations.”

    We believe the overall outcome for the group is positive and, in particular, allows us to significantly modernize the casino proposition in the UK,” he explained.

    Rank’s “main benefit” of the white paper was the increase in the amount of gaming machines allowed in casinos. “The vast majority of our casinos will benefit and we expect to broadly double the number of gaming machines in the Grosvenor estate,” he stated.

    Harris added that benefits will also be felt in Rank’s UK bingo operations, due to the 80:20 rule being revised, which will allow businesses to offer a 50:50 ratio of Category B and C/D gaming machines. He further stated that electronic payments in casinos and bingo venues would allow Rank to “make the customer’s journey much simpler.”

    However, the white paper’s proposals for maximum stake limits on online slots and the increase in statutory levy would hold disadvantages, Harris stipulated. “The most obvious downside of the review for Rank is the impact from the maximum staking limits for online slots,” he continued.

    “In addition, there will be some costs associated with the increase in the statutory levy. This will be from the blanket 0.1% we pay today, to 0.4% for Grosvenor casinos and 1% for the UK digital business, both by 2027.”

    On Wednesday, the UK Gambling Commission launched its second set of consultations on proposals from the Gambling Act review white paper, which will run for 12 weeks, implying a February 21, 2024 deadline. According to the Commission, this round will consult on removing the current requirement to contribute to Research, Prevention, and Treatment (RET). This will then be replaced with the levy.

    Harris confirmed that Rank would begin the process of implementing the white paper’s measures “in the new year.” Optimizing the number of gaming machines in Grosvenor venues will take priority, “once the secondary legislation comes into force.”

    The executive also shared insights into the effects of the Covid-19 pandemic on Rank’s performance, specifically in terms of bingo. He detailed that the group reduced the number of its clubs from 80 to 55 in the wake of the pandemic. “Bingo is a liquidity game,” he continued. “The more visits you get, the better the prize pools you can offer and the more attractive that is for our visitors. However, the reverse is also true.”

    Coming out of the pandemic, there was an oversupply of the number of clubs in the UK relative to the number of people playing bingo regularly. We recognized that and reduced the number of clubs in our estate from around 80 going into the pandemic, to 55 today,” he explained, adding that this was necessary to get Rank’s Mecca venues back to profitability.

    Looking toward growth in other markets, Enric Monton, Rank’s International Managing Director, said Rank is estimated to go live in Portugal before the end of its financial year. “If everything goes as expected, we will be the first online bingo operator in Portugal. A country where the online market is still growing exceptionally fast,” Monton said.

    As for Spain, one of its existing operating countries, Monton said Rank is comfortable in the market. “We are well positioned and we still have room to grow in casino and sports and also through innovative products such as live bingo.”

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  • Increased pressure on London Mayor to ban gambling advertisements in public transport system | Yogonet International

    Increased pressure on London Mayor to ban gambling advertisements in public transport system | Yogonet International

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    London’s Mayor Sadiq Khan is increasingly facing calls to fulfill his campaign promise to ban “harmful gambling advertisements” on Transport for London (TfL) amid growing concerns over the prevalence of gambling-related issues in the UK.

    During his election campaign, in April 2021, Khan vowed to address the effects of gambling addiction, as online and mobile app gambling services were accused of using aggressive marketing strategies to lure customers.

    In his manifesto, cited by Financial Times, Khan said: “Given the devastating way gambling addiction can destroy lives and families, I’ll instruct TfL to bring forward plans to extend the ban to harmful gambling advertisements on the network.”

    At a recent committee meeting of the London Assembly, experts and politicians urged Khan to honor his pledge and consider a broader ban. Harj Gahley, from gambling support charity Red Card, suggested a complete ban on gambling-related ads on TfL. “It seems to be a Wild West with betting operators,” Gahley said. “One of [the solutions] is stopping it on TfL.”

    Although Khan’s manifesto focused on ads deemed “harmful,” instead of a blanket ban, it remains unclear how this category would be defined. Dr. Tom Coffey, Khan’s senior advisor on health policy, explained that the administration had requested the government for a precise definition of harmful gambling to avoid legal challenges and unfairly penalizing potentially less harmful forms of gambling.

    Caroline Russell, the leader of the Green Party in the assembly, said that Khan’s administration is “dancing on the head of a pin” about what constituted “harmful” gambling.

    If passed, the TfL ban would add to the restrictions already in place on London’s public transport, which prohibit marketing products and services considered harmful such as high-fat, salt, and sugar foods and ads promoting unrealistic body images.

    Gambling Commission data indicates an increase in online gaming involvement and a “significant increase” in the number of people at moderate risk of adverse consequences from gambling, rising to 1.3% in 2022 from 0.8% in the previous year.

    The ease of signing up for gambling services through online and mobile apps, especially among young gamblers, influenced by celebrity marketing on social media and ad tracking and targeting techniques, has been questioned.

    Local authorities also expressed frustration with their inability to limit the operations of sportsbooks in deprived areas, although councils can apply to prevent shops from opening by proving they could cause people to be harmed or a source of crime and disorder.

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  • Sparket gains strategic boost with Metta World Peace investment | Yogonet International

    Sparket gains strategic boost with Metta World Peace investment | Yogonet International

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    B2B sports betting startup Sparket has announced an investment from Metta World Peace, adding the former NBA champion and his team to its cap table. The move comes at a time when Sparkbet is experiencing growth, having launched with Red Rock Resorts in June on its STN Play iCasino platform, along with a string of recent partnership announcements.

    Metta will be focused on helping Sparket expand its B2B pipeline through targeted introductions in the sports industry, including introductions to the Lakers and helping the company scale through his business connections.

    The partnership is formally with Artest Management Group (AMG), the company founded and controlled by the former NBA champion. AMG has “a proven track record” of helping companies accelerate growth and drive incremental value, according to Sparket

    Evan Fisher, co-founder and COO at Sparket, stated: “Beyond the obvious strategic value that Metta himself brings, we’ve had access to Metta’s AMG Board of Directors.

    “Most notably, we have benefited from the opportunity to work with former Boost Mobile CEO and FreedomPop Founder Stephen Stokols, who is an AMG Director and has experience scaling and operating companies to billion-dollar valuations.”

    Sparket is a customizable B2B platform that offers free-to-play and pay-to-play parimutuel betting on traditional sports and alternative events. Sparket’s platform can be integrated into other betting platforms, websites, and apps or act as a standalone white-label solution.

    The company stated that for Metta, AMG and Stokols, the partnership crystallized as they saw Sparket’s “unique positioning” in the market and growth potential.

    “We’re excited to help build The Social Betwork,” said Metta World Peace. “The Sparket team has an amazing vision for democratizing live event wagering and with AMG’s support I think we can bring this company to great heights.”

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  • SIS and Inspired strengthen their partnership to introduce ugraded virtual horse and greyhound racing | Yogonet International

    SIS and Inspired strengthen their partnership to introduce ugraded virtual horse and greyhound racing | Yogonet International

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    Betting services supplier SIS (Sports Information Services) has strengthened its long-standing partnership with Inspired Entertainment. The deal will introduce five newly upgraded products to enhance SIS’ 49’s offerings for improved virtual horse and greyhound racing.

    The integration with 49’s content will allow bettors in betting shops across the UK and Ireland to access improved graphics and race simulations, with races from Portman Park, Sprint Valley, Steepledowns, Brushwood, and Millersfield being featured. Additionally, all historical results and form for all races will continue to be available on 49s.co.uk.

    “Inspired’s customized 49’s branding and content will provide a truly enhanced and immersive experience for operators and bettors,” said SIS in a press statement. “This latest agreement furthers our partnership with Inspired. With 49’s being the first brand to launch Inspired’s virtual products over 20 years ago, the relationship is set to be enhanced by providing cutting-edge content experiences.”

    SIS-owned 49’s has experienced significant growth in the last year, says the company, with new platform and customer partnerships going live to provide access to a high-quality portfolio of live number draw products, which includes 49’s twice daily draw, 39’s, and Fast 15’s.

    For its part, Inspired delivers a comprehensive portfolio of content, technology, hardware, and services for regulated gaming, betting, lottery, social, and leisure operators across land-based and mobile channels across 35 jurisdictions around the globe.

    Jessica Mills, Head of Product Proposition at SIS, said: “We have enjoyed a fantastic partnership with Inspired, and we are thrilled to take this to the next level by enhancing our virtual product offering in thousands of betting shops.

    “We take great pride in delivering outstanding content to bettors, and this will significantly improve the experiences across our virtual horse and greyhound racing content.”

    Steve Rogers, Chief Commercial Officer of Virtual Sports at Inspired Entertainment, added: “The relationship we have with SIS has gone from strength to strength, spanning over two decades, and we are delighted to deliver the next phase of our partnership. The roll-out of more innovative virtual content for audiences will result in increased engagement with our products.”

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  • EGT bags three awards at the Balkan Entertainment and Gaming Expo Awards in Bulgaria | Yogonet International

    EGT bags three awards at the Balkan Entertainment and Gaming Expo Awards in Bulgaria | Yogonet International

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    Casino gaming provider Euro Games Technology (EGT) has won three prizes at this year’s edition of the Balkan Entertainment & Gaming Expo (BEGE) Awards competition. At a ceremony held at Club Black and White at Grand Hotel Millennium in Sofia on 21st November, the Bulgarian manufacturer of gaming equipment received awards in the ‘Supplier of the Year’ and ‘Jackpot Concept of the Year’ categories, while the company’s CEO, Vladimir Dokov, was acknowledged as ‘Executive of the year.’

    Dokov said: “This award is an honor to me. It is proof that when working with dedication, enthusiasm, and with a team of ambitious and creative professionals who carry innovation in their DNA, you can accomplish even the boldest business projects.”

    EGT noted that it received the ‘Supplier of the Year’ award because of the large number of installations of its products during the past year and the company’s overall contribution to the development of the gaming industry not only in Bulgaria and the region “but also on a global level.”


    EGT CEO Vladimir Dokov

    The Bulgarian manufacturer noted that it won the ‘Jackpot Concept of the Year’ award owing to its latest jackpot solutions in its portfolio, Supreme Combo Link and Ultra Tap Link. “Both of them stand out with fascinating games with beautiful design and original concepts, offering players numerous bonuses and chances of winning, thus elevating their gaming experience to the next level,” the company said. 

    The BEGE Awards competition is a benchmark for achievements of the companies in the gaming industry and we are proud that EGT has been honored with all these prizes this year”, said Dokov. “They are an inspiration and incentive for us to keep on striving for excellence.”

    The awards ceremony took place within the framework of the BEGE expo, which ran from November 22nd to 23rd, where the company had one of the largest stands at the event and an impressive product selection that “captivated the visitors’ attention”

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  • NorthStar Gaming partners with BettorView to expand player acquisition to Ontario restaurants | Yogonet International

    NorthStar Gaming partners with BettorView to expand player acquisition to Ontario restaurants | Yogonet International

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    NorthStar Gaming announced Wednesday that it has entered into a partnership with BettorView. The agreement is expected to enable NorthStar, which owns and operates the NorthStar Bets casino and sportsbook platform, to engage with consumers in restaurants and bars across the Canadian province of Ontario.

    By leveraging the capabilities of the BettorView solution – which provides in-venue screen technology, brand ambassador activations and digital content marketing to sports fans – NorthStar hopes to further expand player acquisition across both sports wagering and online casino in a “frictionless and convenient” manner.

    “Partnering with BettorView will fuel growth and expansion of the NorthStar Bets player base, while also increasing brand awareness amongst priority audiences,” said Michael Moskowitz, Chair and CEO of NorthStar Gaming. “The restaurant and bar space is a great sector to reach target consumers who have a high propensity to wager and are often watching live sports and games in a social environment.”

    As BettorView’s first Canadian iGaming partner, NorthStar will be able to build brand awareness, drive consumer engagement and strengthen its presence in both restaurant and bar environments, the company said in a press statement.

    “NorthStar is the ideal partner for us to initiate our entry into Canada with our technology,” said Javier Vargas, CEO, BettorView. “Our technology allows our gaming and venue partners to customize and localize content so that it fully resonates for sports fans, while also educating them on sports betting and responsible gambling in general.

    “As a Canadian-owned gaming brand with deep Ontario roots, NorthStar shares our appreciation for authentically reaching Ontario sports fans, and we’re proud to partner with them,” added Vargas.

    BettorView reaches consumers through a propriety plug-and-play solution that serves sports betting content to venues through its patented technology. The solution optimizes and customizes the consumer experience to ensure guests receive relevant sports and sports wagering information, leading them to spend more time on the platform.

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  • Mexico: Gaming industry prepares legal recourse to face slot machine ban | Yogonet International

    Mexico: Gaming industry prepares legal recourse to face slot machine ban | Yogonet International

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    Almost two weeks since the decree that modifies the Regulations of the Federal Law of Gaming and Sweepstakes went into effect, establishing that no new permits will be granted nor will those in force be renewed for the operation of slot machines in casinos and gaming halls, representatives of the Mexican gambling industry are preparing legal resources to defend their activity.

    According to the President of the Association of Permit Holders, Operators, and Suppliers of the Entertainment and Gaming Industry in Mexico (Aieja), Miguel Angel Ochoa, they will confront the measure with two different strategies.

    “At this moment, the two actions are the issue of the Amparo, on the one hand; and the issue of the promotion of a Federal Law on Gaming and Sweepstakes,” he said.

    Ochoa explained that slot machines represent 85% of the business. Therefore, the idea will be to fight the new regulation by means of an amparo appeal, as reported by the news portal El CEO.

    Among the criticisms made by the industry to the new regulation, is that although it was opened to public consultation during the previous months, the National Commission for Regulatory Improvement (Conamer) ignored the comments.

    In the process of reviewing the proposed regulation, industry representatives reproached that these measures would limit gaming and even end up driving customers away from the gaming halls. In turn, they cited comments from casino workers themselves, who insinuated that, seeing their jobs at risk, their alternative would be to join the informal gaming industry. Besides, they warned that the slot machine manufacturers would withdraw their investments from the country as they did not see any future in the business.

    Therefore, the head of the Aieja indicated that they will bet on judicialization to avoid in the medium term the closing of businesses.

    He also pointed out that, although the new measure will not have immediate effects, in the next five years most of the casinos, whose permits expire between 2028 and 2033, will be affected. While the totality of the permits will not be renewed after 2038.

    The decree also contemplates that the Ministry of the Interior, to which the General Directorate of Gaming and Sweepstakes is attached, will issue new guidelines regarding the manner of determining the payment of “aprovechamientos”, a fee paid by permit holders to the Federation for the use of their permit.

    Modification of the law

    On the other hand, the players of the gaming industry will bet on reaching an agreement to modify the Federal Gaming and Sweepstakes Law that regulates the sector, which dates back to 1947.

    “Back then there were no gaming machines, no internet, no cell phones. So, the regulation, and these modifications are working on a really obsolete law. The intention is to work on a new bill,” said Ochoa.

    Furthermore, he stated that the industry has been in contact with the Ministry of the Interior, as well as with the legislators so that a new regulation can be discussed as of February 2024, during the last session of the current Congress.

    “I believe that if we achieve a new Federal Gaming Law that provides certainty and peace of mind, then surely we will not have a problem. If not, we have the amparos that will allow us to negotiate the renewal of the permits,” Ochoa added.

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  • CT Interactive expands Bulgarian presence by taking its games live with Everbet | Yogonet International

    CT Interactive expands Bulgarian presence by taking its games live with Everbet | Yogonet International

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    Online provider CT Interactive has integrated its premium content with Everbet, one of the newest licensed online betting operators in Bulgaria, thus further solidifying its presence in the country.

    Through this partnership, Everbet users will access a selection of CT Interactive’s slot titles, including 40 Treasures, Lucky Clover, HOT 7’s X 2, Chilli Fruits, Duck of Luck, and more.

    Milena Tsankarska, Head of Business Development EMEA at CT Interactive, commented: “Our company is thrilled to contribute to Everbet’s journey through its gaming mix of an exciting and diverse portfolio, which promises a gaming adventure like no other.”

    For his part, Kiril Kirilov, CRM at CT Interactive, added: “Integrating with Everbet is not just about expanding our reach; it’s about crafting an immersive gaming environment. Players can anticipate an array of engaging titles that showcase our dedication to innovation and quality.”

    The collaboration with CT Interactive represents a significant milestone for Everbet. Their dedication to pushing the gaming boundaries resonates seamlessly with our vision,” said Reinis Kolnejs, CPO at Everbet.

    We’re especially eager about introducing their games and the Hot Luck Jackpot, which will add an extra layer of excitement for our valued customers,” he concluded.

    In line with its expansion plans, earlier this month, the provider took its content live in Spain exclusively with online operator Casino777. Through this deal, Casino777’s customer base will have access to CT Interactive’s games, the supplier announced via a statement. 

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  • Ministry unveils plan for $2.2 billion casino resort complex in northern Vietnam | Yogonet International

    Ministry unveils plan for $2.2 billion casino resort complex in northern Vietnam | Yogonet International

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    The Ministry of Planning and Investment of Vietnam has unveiled a plan for a $2.18 billion tourist complex, including a casino, in the northern province of Quang Ninh. The report has been submitted to the Prime Minister for approval.

    The casino resort project, proposed by the Quang Ninh People’s Committee, would be located in the Van Don district and span 245 hectares in Van Yen village, about the size of 343 standard soccer fields. The initiative aims to establish a premium tourist destination featuring hotels and resorts.

    With an initial budget of $2.18 billion (VND51.55 trillion), the project is expected to be completed by the third quarter of 2032, following nearly nine years of construction. If approved, it will operate for a period of 70 years, according to local media reports.

    This casino will be one of only two in the country permitted to serve Vietnamese citizens, in line with a policy enacted in 2016. The Van Don project was first introduced at a government conference in late 2018.

    The Quang Ninh People’s Committee plans to commence the bidding process by the end of 2023, pending government approval.

    Once operational, the complex is expected to generate an average annual post-tax profit of approximately $346 million (VND8.16 trillion), breaking even in 32.8 years. Over its projected 70-year lifespan, the project is estimated to contribute approximately $9.7 billion (VND228,000 billion) to the state budget and create about 6,000 jobs.

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  • Iowa sees casino gambling revenue down in October, sports betting continues to grow | Yogonet International

    Iowa sees casino gambling revenue down in October, sports betting continues to grow | Yogonet International

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    The Iowa Racing and Gaming Commission (IRGC) has revealed the latest data for state revenue generated from legalized gambling. While revenue from casino gaming is falling, sports wagering revenue is on the rise in the Fiscal Year 2024 (July 1st, 2023 – June 30th, 2024). 

    For the first four months of Fiscal Year 2024 (July 1-October 31, 2023), Iowa received $105.2 million in casino gaming taxes, a decline of $5.9 million over the same period in Fiscal Year 2023. 

    In October 2023, Iowa collected $26.7 million in casino gaming taxes, a reduction of $2.3 million from what it collected in the comparable month in 2022 when the state saw casino gaming tax revenue of $29 million.

    According to the Storm Lake Times Pilot, the drops aren’t unexpected. At its October meeting, the Revenue Estimating Conference projected that gaming tax revenue for Iowa in Fiscal Year 2024 will come in at $318.5 million. This would be a $24 million decline from the previous year.

    The adjusted gaming revenue (AGR) that the state’s casinos generated from slots, table games, and poker in October was $136.31 million. The figure is a reduction of 5.50% compared to September’s $144 million and a 6.48% yearly drop.

    Both major casino categories recorded a decline in revenue in October. While the revenue from slot machines was recorded at $123.55 million, a monthly decline of 4.52% from $129.40 million, table game revenue for the month was $12.76 million, a monthly decrease of 14.04% from September’s $14.84 million. 

    Sports betting revenue up

    Sports betting numbers were on the rise in Iowa throughout October. For sports wagering taxes, the state received $1.6 million the last month. This is $340,000 higher than what the state collected in October 2022, or a 26.40% increase.

    Sports wagering tax for the first four months of Fiscal Year 2024 in Iowa was recorded at $4.9 million. This is $150,000 higher than what the state collected at the start of Fiscal Year 2023.

    The state’s sports betting handle in October was $255.29 million, with the maximum sports betting action being generated from mobile bets. While $231.79 million was gambled through online sportsbooks, only $23.50 million of the betting handle came in through retail sportsbooks. 

    The total handle figure represents a 6.91% yearly increase from October 2022 and a 3.88% monthly rise compared to September’s $245.76 million.

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  • UK’s Betting and Gaming Council urges Chancellor to reconsider “stealth tax” impacting casinos | Yogonet International

    UK’s Betting and Gaming Council urges Chancellor to reconsider “stealth tax” impacting casinos | Yogonet International

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    British standards body Betting and Gaming Council has urged Chancellor Jeremy Hunt to rethink what it terms a ‘stealth tax’ on land-based casinos, which was confirmed in the Autumn Statement, a government document featuring economic forecasts and tax spending proposals.

    Under measures announced by the Treasury, Gaming Duty Bands applied to U.K. casinos have been frozen again and will not rise with inflation, effectively creating a £5 million ($6.3 million) annual tax increase across BGC’s land-based casino members, says the body.

    The industry was expecting the freeze, initially announced in March, to be lifted, providing support to a sector the body describes as grappling with rising wages, energy costs, and high inflation.

    As per BGC, UK casinos employ more than 10,000 people catering to over 16 million customer visits every year, contributing £300 million ($378 million) annually in taxes and an estimated £800 million ($1 billion) a year Gross Value Added to the economy.

    However, the BGC says some casinos have faced challenges recovering from the pandemic amid current economic difficulties, leading to closures and job cuts. The UK had 160 casinos in 2005, but the number has decreased to 117 in 2023.

    Recent months have seen the closure of four casinos, including the Genting-owned Crockfords in Mayfair, the country’s oldest casino. In 2019, the casino industry employed 13,600 people, but the current count has decreased to under 10,200, marking a 25% reduction, BGC said.

    Freezing Gaming Duty Bands is a stealth tax, which has the potential to slow recovery and weaken future growth. Removing it would have provided a welcome boost for the land-based casino sector at a crucial time. Instead, the decision to maintain the status quo represents a missed opportunity for companies ready and able to generate jobs and investment across the country,” BGC CEO Michael Dugher said.

    The body expressed support for the government’s gambling White Paper, particularly concerning casino reform, noting it is working closely with the government on the issue. The White Paper encompasses proposals on affordability checks, sports betting, and machine numbers. 

    However, the BGC warns that changes “must not risk driving customers to the unsafe, unregulated gambling black market” where betting numbers have reportedly doubled in recent years.

    “Right now casinos, which play such a vital role in the tourism and hospitality sector, are waiting for the modest but mission-critical policy changes announced in the White Paper. It seems short-sighted to maintain this stealth tax while failing to make changes that will allow casinos to hire and grow. The BGC urges a re-think so Gaming Duty Bands can be moved with inflation at the next opportunity,” Dugher said.

    As per the organization, the freeze on Gaming Duty Bands is expected to cost casinos £25 million ($31.5 million) over the next five years. BGC members combined contribute £7.1 billion ($8.9 billion) to the economy, and generate £4.2 billion ($5.2 billion) in tax while supporting 110,000 jobs, the body says.

    The Chancellor, in the autumn statement, also announced the government’s intention to initiate consultations on consolidating remote gambling into a single tax, as opposed to the existing three-tax framework.

    Chancellor Hunt’s plan involves the government consulting “shortly” on proposed changes to the structure of remote gambling taxation, defining it as “gambling offered over the internet, telephone, TV, and radio.”

    The consultation aims to explore the elimination of the current three-tax structure, which comprises remote gaming duty, general betting duty, and pool betting duty.

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  • Brazilian gambling expert Magnho José analyzes key points of sports betting bill approved by Senate committee | Yogonet International

    Brazilian gambling expert Magnho José analyzes key points of sports betting bill approved by Senate committee | Yogonet International

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    After the approval of Bill 3.626/2023, which regulates Brazilian sports betting, by the Senate’s Economic Affairs Committee (CAE), BNLData, Yogonet‘s official partner, reported on the work of Senator Angelo Coronel (PSD-BA), the bill’s rapporteur.

    Magnho José, editor of BNLData and president of the Brazilian Institute of Legal Gaming (IBJL), explained in his analysis the importance of the adjustments and improvements to the text made by Coronel, giving him credit for the bill’s approval.

    According to Magnho, the parliamentarian spoke with the president of the Chamber, Representative Arthur Lira; with the rapporteur of the bill in the Chamber, Representative Adolfo Viana (PSDB-BA); with the Ministry of Finance, as well as with businessmen in the sector (mainly Brazilian) and with several senators in favor and against in order to build a balanced text that would suit all stakeholders.


    Senator Angelo Coronel

    Most senators saw the need to regularize gambling. We are not inventing gambling. Gambling already exists, but it is illegal. After this approval, taxes will be collected. The Brazilian population is the winner,” said rapporteur Angelo Coronel during the CAE meeting.

    In BNLData‘s analysis, it becomes clear the importance of having changed the concept that the gambling sector is a customs issue, to align with the main economies of the world that treat gambling as an economic activity.

    Coronel also wisely defined that the best thing for the activity is legalization and regulation to create public policies that generate benefits for the state and society,” Magnho José added.

    If they cause some kind of damage, we need to build mechanisms to mitigate that damage. If they bring benefits, we need to distribute them in the most effective way so that society as a whole benefits,” Angelo Coronel concluded in his presentation at the CAE.

    Key points of Bill 3.626/2023

    • For companies, taxation will be 12% of gross gaming revenues.
    • The bettor will be taxed 15% on the value of prizes exceeding BRL 2,112 ($430).
    • Bets on virtual events will remain unchanged.
    • Fixed concession fee of up to BRL 30 million ($6 million) for a period of five years, with the right to three trademarks per authorization.
    • The right of companies to advertise in stadiums and media is preserved, following the rules already defined in the Chamber’s text.
    • Operators must have at least one Brazilian partner holding at least 20% of the company’s capital in Brazil.
    • The Ministry of Finance will set a term of more than six months to adapt to the rules.
    • Holders of Caixa Econômica Federal and lottery licenses may be accredited to operate fixed odds betting.
    • Prohibition of betting on youth sports events with underage athletes.
    • The betting operator must adopt identification procedures to verify the validity of the bettor’s identity, requiring the use of facial recognition technology.
    • Unclaimed winnings expire 90 days from the date the outcome of the event being wagered on is announced. Unclaimed winnings will go 50% to the Student Financing Fund (Fies) and 50% to the National Fund for Public Catastrophes, Protection and Civil Defense (Funcap).
    • Athletes, managers, coaches, referees, and any other professional with influence on the outcome of matches are prohibited from placing bets, public agents involved in inspection activities, employees with access to the computer systems of betting companies, persons diagnosed with pathological gambling, and minors.

    The next stages of the project

    After its approval in the CAE, the bill will be voted on in the full Senate, on a date to be set by President Rodrigo Pacheco (probably next Tuesday, November 28).

    Due to the changes introduced by the senators, the text will have to return to the Chamber of Deputies for a new vote, and the deputies will have to validate or annul the changes made by the senators. It will then be sent to President Luiz Inácio Lula da Silva (PT) for approval.

    For more information on the processing and content of Bill 3.626/23, click here.

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  • Brazil: Senate committee approves sports betting bill with amended 12% tax rate | Yogonet International

    Brazil: Senate committee approves sports betting bill with amended 12% tax rate | Yogonet International

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    The proposed rules must apply to so-called fixed-odd bets on real sporting events and online gaming events such as casinos. The Ministry of Finance sees this initiative as a key revenue stream for the coming year, aligning with its broader goal of achieving a fiscal deficit of zero by 2024 without increasing public debt.

    The CAE also approved the Ministry of Finance’s proposal to charge BRL 30 million (€5.5 million) for five-year licenses, each valid for up to three trademarks. Operators must have a domiciled business in Brazil, in which a Brazilian partner must hold 20% of the share capital. They must also pay regional income taxes.

    Tax will be distributed as follows: 10% to the Ministry of Education; 14% to public security, including the National Public Security Fund and Sisfron, 36% to Brazil’s Ministry of Sports (to share among sports organizations, national bodies, and charities), 28% to tourism (Embratur and the Ministry of Tourism), 1% to the Ministry of Health, 0.5% to civil society agencies (Fenapes and Fena Pestalozzi) and 0.5% to the Federal Police operational fund. Oversight of taxation will be the responsibility of the Ministry of Finance.

    For the taxation of player prizes, operators will need to register customer winnings through Brazil’s Personal Income Tax (IRPF) registry. Taxes will be charged on a yearly basis with winnings of less than BRL 2,112 (€400) exempt. Players will have 90 days to claim prizes, and unclaimed winnings will go to education and disaster relief funds.

    Restrictions on participation extend to individuals under 18, betting brands’ personnel, public officials, and those diagnosed with gambling addiction. Facial recognition technology will be mandated for player identification. Oversight will fall under the Ministry of Finance, with penalties ranging from warnings to fines based on revenue percentages. The legislation emphasizes security measures, auditable systems, and actions against money laundering and terrorism financing.

    Meanwhile, football clubs have signed a petition opposing a proposed amendment to Brazil’s sports betting bill PL 3626/2023. Amendment 38-U, put forward by Senator Eduardo Girão and supported by the Senate Sports Committee, would prohibit sports betting sponsorships for teams, individuals, and championships.

    Some 34 professional football clubs, including teams in the Brazilian Football League (Libra) and the Liga Forte União (LFU), have signed a petition calling for the Senate to reject the proposal, which would also ban former athletes, referees, technical staff and federations from entering into sponsorship deals and would limit broadcast and social media advertising to between midnight and 6 am. Advertisements in sports arenas would also be banned.

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  • UK: Chancellor of the Exchequer says govt. to consult on establishing unified tax on remote gambling | Yogonet International

    UK: Chancellor of the Exchequer says govt. to consult on establishing unified tax on remote gambling | Yogonet International

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    Jeremy Hunt, the British politician serving as the chancellor of the Exchequer, said the government will soon consult on bringing remote gambling under one tax, as opposed to the three-tax structure currently in place. The announcement was made during the Autumn Statement, which is a government document featuring economic forecasts and tax spending proposals.

    Hunt said that the government will consult “shortly” on proposals to change the structure of remote gambling taxation. The plan defines remote gambling as being “gambling offered over the internet, telephone, TV and radio.” The consultation would discuss getting rid of the three-tax structure, which is made up of remote gaming duty, general betting duty, and pool betting duty.

    For the 2022-2023 tax year, remote gaming duty sits at 21% of remote gaming profits. General betting duty is 15% of net stake receipts, which is comparable to the gross profits from bookmaking; and pool betting duty is 15% of pool betting receipts.

    The upcoming consultation has been announced amid the backdrop of the Gambling Act review white paper fallout. The document, which came out in April this year, outlines how gambling will be regulated in the UK in the digital age. The white paper proposals are being considered by the GB Gambling Commission, whic opened its consultation process on the proposals in July.

    This first round looked at financial risk and vulnerability, online game design, enhancing consumer choice on direct marketing, and improving age verification at land-based venues; and closed in October. Mandy Gill, director of compliance at the Commission, said that over 3,000 submissions were made in total.

    The next round of consultations will consider seven topics over 12 weeks. According to Tim Miller, Executive Director of policy at the Commission, it is set to close in February or March. The next round will consider the possibility of opting in for online bonuses and other offers, as well as how penalties are worked out.

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