Tag Archives: Regulation

Sweden to open applications for B2B licences on 1 March

Sweden to open applications for B2B licences on 1 March

Sweden will open its application process for B2B supplier licences on 1 March 2023, regulator Spelinspektionen has announced, despite the fact the bill to implement these licences has not yet passed the legislature.

Currently, the bill to implement gambling software licences has not yet become law. The measure was proposed by the government in an effort to increase the level of channelisation in the Swedish market, but has not yet gone to a vote in the Riksdag.

While the results of Sweden’s recent election mean that the government that introduced the bill no longer holds a majority, Spelinspektionen said it was still working to ensure the bill could come into effect as planned if it is passed. The text of the bill says that the new licence regime will come into force on 1 July 2023.

In order to do this, it has now said that it will open applications for licences from 1 March 2023 and encouraged suppliers to prepare applications to be submitted from this date.

The regulator said the..

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Rumour Truss will scrap gambling review may be bad news, analyst warns

Rumour Truss will scrap gambling review may be bad news, analyst warns

Regulus Partners analyst Dan Waugh warned against the industry celebrating rumours new prime minister Liz Truss would abandon the Gambling Act review, instead arguing the news may be “worst outcome for industry”.

A report from Guardian chief political correspondent Jessica Elgot concerning general government plans to scrap a number of legislative proposals noted “rumours” that the Gambling Act review was among the proposals that could be axed.

Long-delayed process

The Gambling Act review has been in motion since late 2020, having initially been on the Conservative Party manifesto in 2019.

However, various delays have meant that a white paper outlining the government’s wish list for reforms has still not been published.

A major factor in the repeated delays appeared to have been changes in personnel, with four different ministers having overseen the legislation since it began.

Chris Philp, who at the time was responsible for the review, said in his July resignation letter that th..

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Flutter CEO: we are well-placed to “capitalise” on UK reforms

Flutter CEO: we are well-placed to “capitalise” on UK reforms

Flutter chief executive Peter Jackson said that he expects his business to ultimately be a winner from the results of the UK Gambling Act review, as Flutter’s scale will help it navigate changes while smaller businesses may exit the market.

The comments came during Flutter’s earnings call for the first half of 2022, following results in which the business revealed that its FanDuel brand had turned a profit during Q2.

Jackson (pictured) argued that in both the UK and Australia, Flutter’s businesses had “outgrown regulations”.

He discussed the introduction of point-of-consumption taxes in these markets as an example of a regulatory challenge that had a short-term negative impact, but made Flutter brands stronger in the long term.

“Our scale and operating leverage have allowed us to mitigate the impacts, both through operational efficiencies, and also through market share gains as smaller operators were required to exit from the market.”

In the presentation, Flutter also noted that ..

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Dutch minister defends Curaçao reform timeline

Dutch minister defends Curaçao reform timeline

Dutch Minister for Legal Protection Franc Weerwind has defended the timeline towards reform of Curaçao’s gambling system, noting the progress the island is making towards implementing the reforms demanded by the Dutch government.

Although the island’s Council of Ministers recently approved new gambling legislation that would drastically overhaul gambling from Curaçao – by replacing the master licence system with a new licensing authority – Weerwind still faced questions on illegal gambling from Curaçao.

The new rules are expected to raise the bar to entry, potentially forcing some operators out of the market, though Finance Minister Javier Silvania said that operators who cannot meet the new standards would not be a great loss.

The questions came just over six months after his predecessor Sander Dekker faced similar questions about the steps the Netherlands was taking to deal with the sector.

In response, Weerwind said that the Dutch government was already working to pressure Curaç..

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Towards intolerance of illegal operators

Towards intolerance of illegal operators

Illegal online gambling remains a threat to both player protection and government tax yields. Yet, as Paul Girvan explains, most regulated jurisdictions continue to tolerate operators making money outside of the regulatory environment. Could more be done to fight the unlicensed sector?

Online gambling has existed since the inception of the internet, and over time we have seen increasing concern arise from the issue of black market gambling.

Equally, nearly all countries implementing legal market controls have encountered rising rates of gambling harm and negative social consequences, the causes for many of which remain outside the licensed market.

While there is much talk about the “licensed level playing field”, it’s hard to see how any marketplace is effectively levelled to the benefit of any parties if it tolerates the presence of the illicit black market. These shadow operators reap a competitive advantage as their regulated competitors pay a licence fee and taxes and comply wi..

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KSA chair Jansen questions whether industry is “capable of self-regulation”

KSA chair Jansen questions whether industry is “capable of self-regulation”

René Jansen, chair of Dutch regulator de Kansspelautoriteit (KSA), has questioned whether self-regulation is possible within the gambling industry, as he expressed his continued frustration with operators that “look for the edges of the law”.

In a blog post, Jansen looked back on a roundtable discussion on gambling in the House of Representatives, in which he participated.

This discussion noted the success of the country’s online gambling regime in channeling players to licensed offerings since the market launched in October 2021. However, it also noted areas where there was room for improvement.

In particular, Jansen said one issue that became obvious in the discussion was “the behavior of some legal operators, who – unfortunately – did look for the edges of the law”.

As a result of this, Jansen said he had his doubts about whether it was possible for the industry to regulate itself.

“This raises the question of the extent to which the sector as a whole is capable of self-regulat..

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Kindred to withdraw from Germany

Kindred to withdraw from Germany

Kindred brand Unibet will exit the German market on 1 July blaming the slow progress of licensing and onerous regulatory restrictions.

The operator said it had taken the “difficult decision” to withdraw its application for sportsbook and virtual slots licences, and cease all operations from 1 July.

“Our long-term strategic direction sets out locally regulated markets as the core engine for our growth, however licence application procedures, licence conditions, and the regulatory environment need to be transparent, sustainable, and financially viable for a market to be competitive,” Kindred explained.

It said the current application processes, and the terms and restrictions for product offerings, meant the regulated market was not sustainable nor competitive enough to withstand offshore competition.

“Therefore, we do not see a foundation for long-term shareholder value and customer experience at the moment.”

As its current operations in Germany are limited, the withdrawal would ..

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Rhodes reveals Gambling Commission plans to “ramp up” enforcement

Rhodes reveals Gambling Commission plans to “ramp up” enforcement

Gambling Commission chief executive officer, Andrew Rhodes says the regulator will escalate penalties for failings, adopt more “prescriptive” approach to customer interaction and “ramp up” enforcement if industry continues to fail to live up to the Commission’s standards.

Rhodes made the remarks at the Westminster Media Forum Regulation Conference, where he spoke on the current state of the landscape in the industry ahead of the release of the Gambling Act review white paper. Rhodes hinted that the contents of the white paper should not necessarily be a surprise to anyone paying attention to the GC’s public comments.

“On behalf of the Gambling Commission, without waiting for what the white paper may bring, I can give you an overview on what we think needs to happen to make gambling in Great Britain as fair and safe as it can be, and what our next steps are to achieving that,” said Rhodes.

However, the regulator also said again that the regulator will not wait for the review to chan..

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Kenya Finance Committee throws out government’s tax hike plan

Kenya Finance Committee throws out government’s tax hike plan

The Finance and National Planning Committee of Kenya’s National Assembly published its updated version of the country’s Finance Bill, following a period of public input on the Treasury’s version of the bill.

In the committee’s version of the bill, the excise tax on betting stakes would remain at 7.5%, while no new tax would be brought in for gambling advertising.

Both of these were amendments from the Treasury’s version of the bill, which proposed a 20% excise tax on betting stakes, plus a 15% tax on gambling advertising spend.

The committee argued that this was not wise, however, as the current 7.5% rate has been in place for less than one year, so there has not been enough time to judge if it has been a success.

“The committee observed that excise duty on gaming activities had been increased in the Finance Act, 2021 and there is therefore need to give the sector time before taxes are increased,” the committee said. “The committee therefore recommends that the amendment be deleted..

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Córdoba opens tender process for 10 online gambling licences

Córdoba opens tender process for 10 online gambling licences

Córdoba, Argentina’s second most-populous province, has opened its tender process for 10 online gambling licences.

Participants will bid for one of 10 online gambling licences on offer, with each lasting 15 years.

All bidders must provide their “legal documentation, legal capacity [and] history of technical and economic/financial capacity” to operate online gaming, as well as their offer for a licence fee.

Operators will have until 5 July to submit bids, with plans for licences to come into effect from 14 September.

The licence will allow an operator to offer online casino games and betting on sports, horse racing and certain non-sporting events. Each vertical will be subject to a 10% gross gaming revenue tax rate.

Córdoba – which is home to 3.3 million people – passed a bill to legalise online gambling in January, after it was introduced at the end of 2021. The original version of the bill only allowed for five licences, before this was expanded to 10.

Argentina allows for gamb..

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