Tag Archives: belgium

Belgium continues to make progress on ‘modernising its Gambling Law’, as it is announced that new customer data requirements are compliant with EU General Data Protection Regulation (GDPR) rules.  Changes to the Gambling Law continue to be overseen by Justice Minister Vincent Van Quickenborne with the objective of comprehensively protecting Belgian consumers from gambling harms. Approved by the Council of …

Belgium is to proceed with a further tightening of its gambling laws, as the Federal Council of Ministers approved the implementation of ‘mandatory verification checks on gaming machines.’ The requirement for retail, hospitality and leisure venues to verify age and ID on gambling machines forms part of the latest amendment to “overhaul Belgium’s Gambling Law” as specified by Minister of …

The impact of developments in the low countries over the past year has been felt by many international betting firms and Kindred Group is no exception to this, in both a positive and negative sense.  Group CEO Nils Andén, and CFO interim Patrick Kortman, outlined how market conditions in the Netherlands and Belgium had influenced Kindred’s Q2 financial performance in …

The Kansspel Commissie (KSC), the Gambling Commission of Belgium, has issued a final warning to licensed operators stating they must display ‘mandatory preventative messages’ across all existing communications. The warning follows the Belgian government enforcing its Royal Decree from 1 July, which imposed a blanket ban on all forms of betting/gambling advertising across all media platforms. Despite the advertising ban, …

Kindred Group Plc has updated investors on a period of intense activity, in which its business has undertaken a change in leadership and implemented a strategic review of markets and operations.   Publishing its H1 2023 interim results, the group said it continues to focus on “gaining operational efficiencies to increase profitability”. Headline growth saw Kindred register Q2 group revenues of …

Betsson AB trades with confidence as its business continues to achieve record ‘all-time high’ results, whilst its brand portfolio enhances its profile within new markets.  Publishing its Interim H1 2023 results, Betsson achieves ‘another record-breaking quarter’ generating Q2 revenues of €237m up 27% on 2022 comparative results of €186m. Of significance to the Stockholm-listed firm is the metric that “revenue …

Betsson AB has alerted investors that Q2 2023 will generate the highest revenue ever in a single quarter recorded by the Stockholm-listed online gambling group.  Investors were informed that the operator’s Q2 revenues are expected to be in the range of €235.5m to €237.5m. The strong financial performance is due to increased customer activity in casino and sports betting, resulting …

The Belgian Competition Authority (BCA) has objected to a horse racing betting distribution agreement between Ladbrokes and Pari-Mutuel Urbain (PMU). Particular criticism was levied at the potential for the deal between the UK and French companies to limit the operator’s competition with one another in Belgium, breaching local and EU anti-competitive laws. Ladbrokes is founded and headquartered in London and …

Long-awaited legal changes came into force in the Netherlands and Belgium over the weekend, with both countries implementing wide ranging betting advertising restrictions on 1 July. Advertising reform in the Low Countries has been in development for over a year. Plans by Belgium’s Justice Minister, Vincent Van Quickenborne, for a blanket ban on gambling advertising were first unveiled in May …

A Belgium court has ruled against a range of sports and betting stakeholders regarding the upcoming ban on gambling advertising, according to local media. Het Nieuwsblad has outlined that the Brussels court has rejected appeals against the ban from both the sports and betting sectors, which had been brought between eleven different national courts.  This effectively removes the final barrier …