The Kenyan betting and gaming sector has encountered a major fiscal hurdle, as the country’s government reimposes a 20% tax on wagering stakes as well as doubling its taxation of foreign tech firms. Publishing the 2022 Finance Bill, the Treasury detailed that the 20% tax rate would be reintroduced, just under two years after it was abandoned in 2020 after …
Read More »
The gambling industry has changed substantially over the last few years, most notably with the growing influence of the online sphere on how we consume information and entertainment. Speaking in the latest SBC Leaders magazine, Betsson Group CEO Pontus Lindwall explained that when he first entered the online gambling industry in 1996, the sector was very much in its infancy. …
Read More »
Racetracks in the city and province of Buenos Aires will now be able to grant betting licences, following permission from regional regulatory authorities. A new update on the regulation of the province’s horse racing agencies from the Provincial Institute of Lotteries and Casinos (IPLyC) – the local regulator – and published in the provincial Official Gazette, confirmed the development. As …
Read More »
The growing influence of the internet has changed the way in which the betting and gaming industry consumes information and positions itself as a form of entertainment. That was a key focus for Betsson AB CEO Pontus Lindwall in Issue 19 of the SBC Leaders Magazine. In his lead interview, which can be read here, Lindwall reflects on the ups …
Read More »
Betsson has signed ex-professional footballer Pontus Wernbloom as its latest brand ambassador in the group’s continued investment into Swedish sports. At the online gambling company, Wernbloom will be part of the company’s activation around football and several other sport-related initiatives and productions. The former Swedish national team midfielder ended his playing career at IFK Gothenburg in 2021, also played in …
Read More »
The board of Betsson AB has proposed the appointment of three new executive directors and the election of Johan Lundberg as company chairman. Ahead of the firm’s scheduled annual general meeting (AGM) on 10 May – the board of Betsson has nominated Eva de Falck, Louise Nylén and Tristan Sjöberg as new independent directors. A leading corporate governance advisor, Eva …
Read More »
The gambling industry’s fundraiser to support the Ukrainian public, Gaming Industry for Ukraine, has made strides towards achieving its £250,000 target. Issuing an update this morning, the initiative – which provides financial backing to the Choose Love charity’s Ukraine Crisis Fundraiser – detailed that it has secured £190,000 in donations from betting operators in the past week. Companies to have …
Read More »
The Financial Action Task Force (FATF) will visit Malta this Friday, to clarify whether the island’s financial authorities have completed the assigned action plan on AML policies. Malta had previously been placed on a greylist of financially risky jurisdictions by the FATF – the G7’s AML and anti-terrorist financing investigative unit – after the task force identified a number of …
Read More »
To mark International Women’s Day 2022, we spoke with a number of leading female figures from across the betting and gaming industry to find out more about their careers, advice that they’d give to news starters and what more the industry can do to make sure diversity and inclusion ‘get a seat at the table’ SBC: What attracted you to …
Read More »
Gaming Innovation Group (GiG) will power the launch of a new sportsbook brand in the Lativan market, FeniBet, in collaboration with one of its long-term partners in the country. Working with Novomatic AG Group’s Admirāļu klubs, FeniBet’s entry into the Latvian sector is GiG’s third in the country, as the platform and sportsbook provider looks to further consolidate its foothold …
Read More »
SBC News Voice of the Sports Betting Industry