iGaming

Following a judgement in one of Sweden’s Administrative Courts, the country’s Gambling Authority, Spelinspektionen, has revoked its previous decision on the importance of negative equity.  The regulator had previously outlined a lack of negative equity as a condition when firms apply for a Swedish betting and gaming licence, but the Court ruling regarding Avento’s application has prompted the charge.  In …

The Tribunal for Spain’s Supreme Court has ruled that the Royal Decree on Advertising cannot be suspended, despite ongoing questions related to its enforcement breaching Spain’s constitutional laws. The ruling responded to an appeal made by Spanish online gambling trade association Jdigital, which argued that the Royal Decree be suspended as it had not received a ‘constitutional review’ to be …

The Malta Gambling Authority (MGA) has called for all ‘unrecognised’ game suppliers/distributors “to come forward and self-report their administrative non-compliance” by 14 April 2023.  The demand has been summoned as the regulator seeks to address all entities offering ‘licensable games’ in-or-from Malta without its due authorisation. Game Authorisations provided by the Malta Gaming Act allow for businesses to offer licensable …

Gaming Laboratories International (GLI) has certified mkodo’s igaming geolocation service GeoLocs as the brand seeks further growth opportunities. The platform has been available for the last 10 years but mkodo – a B2B supplier of mobile and front-end technology to igaming operators across the lottery sector – recently expanded its reach to meet increased demand. The Pollard Banknote subsidiary further affirms that GLI approval ‘solidifies the …

LeoVegas AB has published its latest results from the Nasdaq stock exchange after integration into MGM Resorts portfolio, reporting positive trading in Europe although some international markets proved difficult. Total group-wide revenue over the three-month period rose 1% to €99.5m (Q4 2021: €98.2m), although various business costs meant that adjusted EBITDA fell by 77% to €3.7m (€11.6m), with a margin …

The Republic of Georgia continues to tighten its national gambling laws, announcing new measures on licensing and taxation.  This week, Prime Minister Irakli Garibashvili approved new measures to ring-fence online casino licences, which can only be operated by land-based casinos based in Georgia. The decision could see online casino licences limited to the Georgian-domiciled businesses of Adjara Group, Crystalbet and …

ICE London upped its attendance numbers by 4,000 this year, as a total of 40,000 ‘unique attendees’ visited the event at the ExCel centre last week. This is a record figure for the betting and gaming trade show, up from 36,000 in 2020 and 24,000 who attended the ‘scaled down’ post-pandemic edition in April 2022. Stuart Hunter, Clarion Gaming Managing …

Denmark’s betting market continues to grow at a steady pace, according to the latest figures from the Danish Gambling Authority, Spillemyndigheden. For the full year, Danish GGR reached DKK 6.7bn (€902.6m), an increase of 8% on the previous year’s figures of DKK 6.2bn (€836.1m), demonstrating continued growth in the aftermath of COVID-19. On a quarterly basis improvements continued to be …

Kansspelautoriteit (KSA) – The Netherlands Gambling Authority – has issued fines totalling €1.8m to two ‘unlicensed companies’, Equinox Dynamic and Domiseda and Partners, for ‘offering illegal casino games’. Separate fines of €900K were issued to Equinox Dynamic NV, who are licensed in Curacao and Slovak business Domiseda and Partners. KSA judged that “Both companies gave players in the Netherlands access …

Super Group has announced the sale of all ‘non-core B2B’ assets to Games Global, choosing to focus all growth on Betway and Spin brands. The proposed sale of B2B assets was agreed with Games Global who will acquire the Super Group subsidiary Digital Gaming Corporation (DGC B2B). Founded in 2021, Games Global is the new venture of gambling figurehead Walter …