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Spelinspektionen holds no opinion on Swedish gambling tax rises 

SBC News Spelinspektionen holds no opinion on Swedish gambling tax rises 

Spelinspektionen, Sweden’s Gambling Inspectorate, holds ‘no significant opinion’ on the 2024 Budget proposals to increase taxes on the gambling sector. As announced by the memorandum of the Budget 2024, in the Spring of 2024 the Riksdag will debate increasing the gambling tax rate from 18 to 22% of gross gambling revenues (GGR). Should the proposal be approved, the 22% GGR …

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Genius Sports empowers sports marketing compliance with FanHub ID

SBC News Genius Sports empowers sports marketing compliance with FanHub ID

Genius Sports has made its latest move in the sports fan engagement space by launching a privacy-compliant identification solution, FanHub ID. The product utilities online and offline data signals and AI technology to create fan-based profiles. The target market for the product are marketers and content owners, who Genius states can use FanHub ID to ‘reach and measure’ sports audiences ‘at scale’. …

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MGA’s Rachel Bezzina to chair GREF AML Working Group

SBC News MGA's Rachel Bezzina to chair GREF AML Working Group

The Gambling Regulators European Forum (GREF) has appointed Rachel Bezzina, AML Manager of the Malta Gaming Authority (MGA), to co-chair its newly established AML Working Group. Rachel Bezzina will co-chair the Working Group alongside Christophe Vidal, the Chief Coordinator of AML and Fraud Monitoring for l’Autorité Nationale des Jeux (ANJ) – France’s National Gambling Authority. GREF is a forum for …

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GiG issues €75m bond ahead of big break-off

GiG

Gaming Innovation Group (GiG) has successfully issued €75m in senior secured bonds to increase capital funds available for its business. The bond is made up of two tranches of €45m and SEK350m (€30m) and allows GiG to expand the bond’s total borrowing limit to “€100m equivalent, related to this issue.” Proceeds from the bond will be used to fully repay …

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Andrew Rhodes: Review of data and evidence leads UKGC 2024 agenda  

SBC News Andrew Rhodes: Review of data and evidence leads UKGC 2024 agenda  

Andrew Rhodes, Chief Executive of the UK Gambling Commission (UKGC), has claimed that the regulator has succeeded in its initial objective to eliminate the gaming sector’s most extreme compliance failings. Yesterday, following a two-year interval, Rhodes addressed delegates of the GambleAware Conference, stating that the “Gambling Commission has seen a step change in the gambling industry’s commitment to meeting our …

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Styliana Kalogreadou: Motivational Engineering – much more than a buzzword for Soft2Bet

SBC News Styliana Kalogreadou: Motivational Engineering - much more than a buzzword for Soft2Bet

Gamification, or Motivational Engineering as it’s known at Soft2Bet, may well make it into the top five phrases for the gambling industry in 2023. And as gaming providers look for new and innovative ways to engage with players, it’s only going to become even more popular in 2024. But how many gaming companies can honestly say they’re ‘getting it right’ …

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GambleAware: Discrimination a barrier for minorities seeking help on gambling harms

SBC News GambleAware: Discrimination a barrier for minorities seeking help on gambling harms

GambleAware has published new insights into the lived experience of gambling harms suffered by members of minority communities across Great Britain. New findings have been published in the ‘Minority Communities & Gambling Harms: Qualitative and Synthesis Report‘ authored by the research teams of Ipsos UK and Clearview. Research was conducted as GambleAware recognises that “gambling harms need to be understood …

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Australia authorises credit card ban on gambling but lotteries remain exempt 

SBC News Australia authorises credit card ban on gambling but lotteries remain exempt 

The Senate of Australia has approved the Interactive Gambling Amendment Bill 2023 (Credit and Other Measures), which will prohibit the use of credit card transactions to fund online gambling accounts. The Bill’s measures were approved by the House of Representatives last month and forwarded to the Senate for its sign-off into federal law across Australia’s six state territories. The Bill’s …

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HappyHour.io appoints Patrick Soric as Investment & Portfolio Partner

SBC News HappyHour.io appoints Patrick Soric as Investment & Portfolio Partner

HappyHour.io has confirmed the appointment of Patrick Soric as Investment & Portfolio Partner of the Malta-based igaming venture capital fund. An expert in corporate finance and private equity, Soric holds a distinguished career in investment banking in which he served as a former partner of Danske Bank (2018-2022) and Luxembourg’s Union Bancaire Privée (2022-2023). HappyHour.io cited: “As Investment & Portfolio …

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Georgia to increase gambling surveillance and taxes in 2024

SBC News Georgia to increase gambling surveillance and taxes in 2024

Irakli Gharibashvili, the Prime Minister of Georgia, has signed an executive order to implement new gambling laws, penalties and protections. Gambling businesses in Georgia have been warned to prepare for a regulatory overhaul beginning in 2024. From 1 July 2024, the laws and amendments of the new ‘Code of Administrative Offences’ will come into force in Georgia, which oversees a …

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