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Month: August 2021

Parliamentary committees to scrutinise racing levy changes

first_img The UK government’s plans to change how the horserace betting levy is collected and distributed have hit a stumbling block after it was revealed that committees from both houses of the UK Parliament are to scruitinise the plans.The regulatory committees of both the House of Commons and the House of Lords will meet Wednesday (November 21st) to run the rule over the proposals. The Department for Digital, Culture, Media and Sport (DCMS) has already set out its intention to abolish the Horseracing Betting Levy Board and move its powers to the Gambling Commission and Racing Authority, a body representing the British Horseracing Authority, the Racecourse Association and the Horsemen’s Group. According to the government, this will help save on administration costs and also free up additional funding for the British horseracing industry and overall horse welfare. However, the move could be halted after the House of Lords Delegated Powers and Regulatory Reform Committee (DPRRC) flagged up a number of concerns with the Order. The DPRRC said it is uncertain about the appropriateness of the draft Order and whether it would pass a number of statutory tests in order to pass into law. The committee will now meet with the House of Commons Regulatory Reform Committee (RRC) to air its concerns. Mims Davies, the new Minister for Sport, and other officials from the DCMS will speak at the meeting in Westminster. This means the draft Order will be subjected to “super-affirmative procedure”, whereby Ministers must consider proposals from both committees before they decide whether to proceed with the proposed changes.“The DPRRC has reported that it has concerns about this piece of legislation and welcomes the opportunity to join with the House of Commons Regulatory Reform Committee to subject it to the further scrutiny we believe it requires,” the committee’s chairman Lord Blencathra commented.Stephen McPartland MP, chair of the Regulatory Reform Committee, added: “The government’s proposed changes could alter how horseracing is funded and change the racing and gambling industries that underpin the sport. “Bringing together our committees adds to the quality of scrutiny, holding the government to account and ensuring legislation is effective, appropriate and works for all.” Both the DPRRC and RRC have responsibility for scrutinising Legislative Reform Orders, government proposals to amend primary legislation to remove or reduce burdens or promote better regulation. The committees will put the proposals to a number of tests – as set out in the Legislative and Regulatory Reform Act 2006 – after which they can establish whether secondary legislation is required.Neither the DPRRC nor RRC responded to requests from iGamingBuiness.com to comment on the story.Image: Greggy1900 Finance Parliamentary committees to scrutinise racing levy changes Email Address Government proposals include shifting more powers to the Gambling Commission Subscribe to the iGaming newslettercenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: UK & Ireland Topics: Finance Legal & compliance Sports betting 20th November 2018 | By contenteditorlast_img read more

Delaware igaming revenue hits new heights in May

first_img Email Address Subscribe to the iGaming newsletter Delaware igaming revenue hits new heights in May 13th June 2019 | By contenteditor Finance Revenue from Delaware’s regulated igaming market rose to $313,648 (£247,112/€278,007) in May,  the highest monthly total of the year to date, despite players spending less online. Topics: Finance Revenue from Delaware’s regulated igaming market rose to $313,648 (£247,112/€278,007) in May,  the highest monthly total of the year to date, despite players spending less online.The May figure is a significant improvement on April’s total of $263,183, which was incidentally the lowest monthly figure of 2019 so far, according to figures released by the Delaware Lottery.Players staked $11.7m online in May, the lowest monthly amount since $9.0m in February and down from $11.9m in May, while player winnings also fell month-on-month to $11.4m.Read the full story on iGB North America.Image: MPD01605 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling Regions: US Delawarelast_img read more

Gambling Commission suspends Matchbook operating licence

first_img Subscribe to the iGaming newsletter Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The British Gambling Commission has taken the decision to temporarily suspend the operating licence of Triplebet – the parent company of exchange betting operator Matchbook – following a two-year review of the business.In a statement on the Matchbook site, the operator said that it would be “briefly closed” for all betting and casino activity in the UK. However, it added, it would continue to settle all open positions, and customers would have access to their account to withdraw funds.The Gambling Commission said it had taken the decision to suspend Matchbook’s pool betting, betting intermediary and remote casino licences under Section 116 of the Gambling Act 2005, which gives the regulator the power under certain conditions.These conditions, set out in Section 118 (2) of the Act, state that permission to operate may be suspended if the Commission believes a licensed activity is being carried out in a manner inconsistent with licensing objectives.It may also take action if it suspects a condition of an operator’s licence has been breached, or if the licensee has failed to cooperate with a review of its activities. Finally, a suspension may be implemented if the Commission believes the licensee is unsuitable to carry on operating in the market.Triplebet said the decision came following a review by the Gambling Commission that ran for two years.“Triplebet takes its responsibility as a betting and gaming operator very seriously, and accepts the GC panel’s findings following a two-year review,” a Triplebet spokesperson explained. “Triplebet believes that compliance goes to the heart of offering a betting exchange product, and through the introduction of new policies and the establishment of a Compliance Committee Triplebet has shown that it is committed to achieving any standard of compliance required of it.”The operator added that it believes its licence will be reinstated soon as it continues to implement higher compliance standards.“Last year Triplebet engaged a third-party compliance specialist in order to elevate its standard of compliance beyond what is required by the GC. Over the coming weeks these recommendations will be completed in full, and an independent audit will be carried out with a view to the license being reinstated.”iGamingBusiness.com understands that, after the Gambling Commission began its review of its practices, Triplebet engaged the services of performance improvement consultancy Alvarez and Marsal.Alvarez and Marsal provided a number of recommendations, which the operator has since implemented.However, Triplebet had not adopted all recommendations by the time of the licence hearing in late January, after deciding to implement them in phases. As a result, the licence was suspended.The recommendations that Alavarez and Marsal offered included new policies for the fair treatment of customers, the establishment of a compliance committee, the establishment of a new responsible gambling algorithm and progress towards Gamcare’s Safer Gambling Standard certification.Also included in the recommendations were anti-money-laundering and problem gambling training by GamCare for 30 key members of staff and for daily screening to recognise players that may be those subject to international sanctions and politically exposed people (PEPs). Triplebet did not disclose which recommendations put forward by the consultancy that were yet to be adopted, however.A source close to the matter said they expected the matter to be resolved within weeks. Email Address 18th February 2020 | By contenteditor Topics: Casino & games Legal & compliance Sports betting The British Gambling Commission has taken the decision to temporarily suspend the operating licence of Triplebet – the parent company of exchange betting operator Matchbook – following a two-year review of the business. Tags: Mobile Online Gambling Regions: UK & Ireland Gambling Commission suspends Matchbook operating licencelast_img read more

World Poker Tour announces first online series

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Subscribe to the iGaming newsletter World Poker Tour announces first online series The World Poker Tour (WPT) has revealed plans to stage its first online series on GVC’s PartyPoker platform, as the immediate future of its traditional events remain in doubt due to the ongoing outbreak of novel coronavirus. Topics: Casino & games Tech & innovation Pokercenter_img 13th March 2020 | By contenteditor Tags: Card Rooms and Poker The World Poker Tour (WPT) has revealed plans to stage its first online series on GVC’s PartyPoker platform, as the immediate future of its traditional events remain in doubt due to the ongoing outbreak of novel coronavirus.The WPT Online Series will run from 10-26 May and feature a guaranteed overall prize pool of $7m (£5.6m/€6.3m). The series will comprise of the WPT Online Championship, WPT500 and WPTDeepStacks.The main event of the series will be the WPT Online Championship, offering a prize pool of $5m and a $3,200 buy-in for players. The event will run throughout the series, with day one flights available from 10 May.WPT500 Online will take place from 10-18 May with 10 starting flights on the schedule and a $1m guaranteed prize pool, with the series completed by the WPTDeepStacks Online, running from 25-26 May with a $1m prize pot.“WPT and PartyPoker are proud to break new ground for both of our brands with the first WPT Online festival,” WPT chief executive Adam Pliska said. “Players from around the globe can look forward to the opportunity to play in WPT events from the comfort of their homes at all buy-in levels.”WPT vice president Europe, Hermance Blum, added: “$7m in guarantees for WPT events alone on PartyPoker is an exciting breakthrough for our partnership, and we can’t wait to crown our first WPT Online Championship winner and see them in the WPT Tournament of Champions presented by Baccarat Crystal.”Confirmation of the inaugural online tournament comes as both the gambling and sporting industries struggle to cope with the outbreak of Covid-19.A whole host of sporting events have been cancelled and gambling venues have been closed in an effort to slow the spread of the disease. In addition regulatory bodies have limited their activities, with some sending staff home. Email Addresslast_img read more

Scientific Games to cut spending by $100m in Q2

first_img Scientific Games has said it expects to save more than $100m (£80.0m/€91.5m) from cost-saving measures it has rolled out to help reduce the impact of the novel coronavirus (Covid-19) on the business.Last month, Scientific Games set out a broad range of actions that it said would preserve jobs and protect its operations during the ongoing pandemic.These included its workforce having hours and pay reduced, while workers in support roles were furloughed. In addition, its executive leadership has voluntarily reduced its salaries by 50%, with chief executive Barry Cottle going without pay.Such has been the impact of the measures that Scientific Games said it has cut more than $100m in costs for the second quarter. Workforce cost reductions are expected to result in savings of more than $50m, while capital expenditure in Q2 is set to be approximately $50m lower than budgeted.Read the full story on iGB North America. Scientific Games has said it expects to save more than $100m from cost-saving measures it has rolled out to help reduce the impact of the novel coronavirus (Covid-19) on the business. Scientific Games to cut spending by $100m in Q2 Subscribe to the iGaming newsletter 15th April 2020 | By contenteditor Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Finance Lottery Strategy Email Addresslast_img read more

SciPlay appoints Moy as chief strategy officer

first_img SciPlay appoints Moy as chief strategy officer People moves AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter In this position, Moy will oversee SciPlay’s business development team and attempt to find new business development opportunities. Read the full story on iGB North America. Email Address “Danny’s deep expertise in operational excellence and business growth will be an incredible asset to SciPlay,” SciPlay chief executive Josh Wilson said. “His diverse work with some of the world’s leading gaming companies brings a fresh perspective to our expanding portfolio of games, and we’re thrilled to welcome him to our leadership team.” Moy joins SciPlay from PlayStudios, where he served as executive vice president for corporate development and strategy. He has also held the roles of chief operating officer of King Digital Entertainment’s North American operations and senior director at Zynga. SciPlay, the social gaming division of Scientific Games, has appointed Danny Moy as senior vice president and chief strategy officer. 24th September 2020 | By Aaron Noy Topics: People People moves “Over my long career in the gaming industry, I’ve come to respect a company’s unique style and level of talent, and can confidently say SciPlay delivers both an innovative culture and a robust team,” Moy said. “The team’s openness, willingness to collaborate, and motivation to continue to evolve and win suits my personality and style. SciPlay is in a fantastic stage of growth.” Subscribe to the iGaming newsletterlast_img read more

BGC members to set new curbs on slot speed and gameplay

first_imgThe Commission, meanwhile, said in a June progress report that – after the working group fell “significantly short” of its requirements – it was considering measures such as mandatory loss and stake limits. Regions: UK & Ireland AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The measures will be implemented by BGC members by the end of the month. BGC members to set new curbs on slot speed and gameplay The code will limit spin speed to 2.5 seconds per spin as well as banning turbo play, which allows players to speed up games and multi-slot play, where players play multiple games at once. 25th September 2020 | By Aaron Noy Subscribe to the iGaming newsletter Earlier this year, BGC members have also agreed initiatives including a voluntarily pause on all television and radio advertising in April while the country was under lockdown and implemented the working group suggestions on advertising in August. “The BGC was set up last year with the aim of leading a race to the top in terms of standards within the regulated betting industry,” BGC chief executive Michael Dugher said. “The new Game Design Code of Conduct is yet another example of our determination to address concerns head on and meet our safer gambling commitments. “We’ll be publishing the outcome of that consultation soon.” However, the Commission said at the time the work did not go far enough, and called for the industry to “go further and faster” in making changes to game design. Regulationcenter_img Dugher added that the move shows the industry is working to improve standards at a time when major changes to British gambling legislation is expected. The game design working group was one of three industry groups intended to create a safer gambling environment in Britain. A group on advertising agreed that social media and “pay-per-click” (PPC) advertising should also only be targeted at those aged 25 or over when possible, a move that divided the affiliate sector, while a group on high-value customers agreed to end VIP schemes for those aged 25 and under. Topics: Legal & compliance Casino regulation Regulation Members of British industry standards body the Betting and Gaming Council (BGC) will implement limits on slot spin speeds and bans on slot features such as turbo play and multi-slot play, as part of a new code of conduct unveiled today. The BGC said it is working with “academics, regulators, consumers and individuals with lived experience of betting-related harm” in order to continue to work on best practices for game design going forward. The regulator said today that it will publish the results of this consultation soon. The features were the product of a Gambling Commission working group led by suppliers Playtech and Scientific Games, which published its suggestions for the industry code in April, with the industry agreeing to adopt the changes by September. It then set up a consultation on game design in July, which included proposals to add all of the measures set out in the code of conduct in the Licence Conditions and Codes of Practice (LCCP), making them mandatory for all GB licensees, rather than only BGC members. In addition, the consultation – which closed this month – included a proposal to ban auto-spin and “false wins”, where a player receives a messaging implying a win, despite winning less than their stake. “I’m sure that our members will embrace this approach and commit to its objective of improving player safety,” he said. “And as we prepare for the forthcoming Gambling Review, it is further evidence of our industry’s commitment to improving standards – unlike the completely unregulated black market.” ‘’We challenged the industry earlier this year to work together to make games less addictive so today’s announcement from the BGC shows progress,” the Commission said. “There are some areas of the industry code where we do not consider the industry have gone far enough to protect players which is why we have recently consulted on permanent changes to make products safer. Email Addresslast_img read more

Aristocrat partners new Las Vegas NFL franchise

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 9th October 2020 | By Richard Mulligan Aristocrat partners new Las Vegas NFL franchise “Las Vegas is the entertainment capital of the world, and as an exclusive partner to one of the most iconic teams in the NFL, we look forward to providing playful experiences for Raiders fans.” Tags: Aristocrat Technologies Aristocrat Leisure Las Vegas Raiders Allegiant Stadium Partnership The US-facing gaming machine supplier and digital content provider will have prominent signage throughout Allegiant Stadium year-round, including in-stadium and in-game branding and naming rights to the Owners East Club. “We are thrilled to welcome the Raiders to Las Vegas and to score an exclusive casino gaming supplier partnership with the team,” said Hector Fernandez, president of Aristocrat Americas. Subscribe to the iGaming newsletter Regions: US Nevada Additionally, Aristocrat – part of Sydney-listed Aristocrat Leisure – will serve as the presenting sponsor of the Raiders 50/50 Raffle. Aristocrat’s partnership category includes land-based gaming machines and certain digital social casino games. The group already has a suite at the T-Mobile Arena, the home of the NHL’s Vegas Golden Knights. Read the full story on iGB North America. Topics: Marketing & affiliates Marketing As well as the addition of the Aristocrat Club, which features a premium bar and luxury lounge, it has been suggested the partnership could lead to Raiders-branded slot machines. Gaming group Aristocrat Technologies has become an official partner of the NFL’s Las Vegas Raiders and its Allegiant Stadium, the new 65,000-capacity arena in Nevada. Marketing & affiliates Email Addresslast_img read more

Northern English and Scottish casinos to close under Covid-19 measures

first_imgCasino regulation AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The UK government confirmed last night (20 October) that Greater Manchester will now move to the tier three rating – the highest in the tiered risk system – while it was announced today that South Yorkshire will also be upgraded to this level. “The region’s three Covid-secure casinos employ 270 people and pay £11.2m in tax to the Treasury every year. The government must come up with a financial package to ensure their long-term future.” “Closing betting shops in Greater Manchester will deny the Treasury up to £54m in tax, and deprive horseracing of vital millions in levy and media rights payments at a time when it is already suffering due to a lack of spectators,” the BGC said on Twitter. Email Address The restrictions, which include the closure of casinos, will now remain in place for the region until at least 2 November, when a new a five-tier system of virus alert levels will come into place. Northern English and Scottish casinos to close under Covid-19 measures BGC chief executive Michael Dugher yesterday wrote to UK Business Secretary Alok Sharma urging him to block the closure of gambling venues as part of the tier three local measures, but his demands have so far been unanswered. The Central belt area covers the five health board areas of Ayrshire and Arran, Forth Valley, Greater Glasgow and Clyde, Lanarkshire and also Lothian. Tags: Casino Covid-19 The new measures will come into effect in Greater Manchester from 12.01am on 23 October, with South Yorkshire to follow exactly 24 hours later. Gaming venues in Manchester and South Yorkshire will close after the government imposed new novel coronavirus (Covid-19) restrictions on the regions, while Scotland will keep gambling facilities in the Central Belt closed for a further week. center_img Casinos and betting shops within Merseyside and Lancashire have already had to close after both regions were placed in the very high risk category for Covid-19. Tier three brings with it a number of restrictions similar to those seen during the UK-wide lockdown earlier this year, including casinos, betting shops, bingo halls and adult gaming centres being forced to close until the area is downgraded to at least tier two. Meanwhile, Scottish First Minister Nicola Sturgeon has announced a new national restrictions will be introduced next month, amid increasing Covid-19 cases in the country. Subscribe to the iGaming newsletter Topics: Casino & games Casino regulation Land-based casino “To try to interrupt this trajectory, we must act now,” Sturgeon said. “While the measures will feel like a backward step, they are in the interests of protecting our progress overall.” The Betting and Gaming Council (BGC) has hit out at the two announcements and the impact the closures could have on the land-based sector of the UK’s gambling industry, and also repeated its call for greater support from the government. 21st October 2020 | By Robert Fletcher Regions: UK & Ireland Sturgeon also confirmed that temporary measures introduced earlier this month, which saw indoor leisure facilities in the Central Belt area forced to close for 16 days, will be extended for another week. “As well as employing over 1,000 people, South Yorkshire’s betting shops pay £24m a year in tax and £6m in levy payments and media rights to racing, which is already struggling due to the lack of spectators.last_img read more

Kentucky to reconsider online sports betting in new bill

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The sports betting aspect of the bill would permit wagering online, mobile and at approved sports venues in the state, with consumers able to bet on professional and collegiate contests. If passed into law, the bill would name the Kentucky Horse Racing Commission as an independent agency to regulate the conduct of horse racing, pari-mutuel wagering on horse racing and sports betting in the state. In terms of fees, sports betting licences would cost an initial $500,000, plus an annual renewal fee of $50,000, with the Commission to oversee the licensing process. Tags: Bill Legislation House Bill 241 is similar to House Bill 137, filed by Koenig in the 2020 legislative session, in that its core aim is to legalise online sports wagering, but the new legislation also sets out proposals to regulate online poker and fantasy sports. Currently with Kentucky’s House of Representatives’ Committee on Committees, the bill is being sponsored by a total of 17 Representatives, including Koenig. 12th January 2021 | By Robert Fletcher Regions: Kentuckycenter_img Topics: Sports betting Poker Legal Online sports betting Retail sports betting Read the full story on iGB North America. Kentucky to reconsider online sports betting in new bill Subscribe to the iGaming newsletter Sports betting Kentucky Republican Representative Adam Koenig has again filed legislation to legalise online sports betting in the US state. Email Addresslast_img read more