Tag Archives: Online Gambling

Game Interaction Group: staying ahead in the fiercely competitive platform game

Francesco Arena, Game Interaction Group CEO.

In a similar fashion to much of the online gambling ecosystem, the platform space is one that has quickly become inundated with wave after wave of entrants, as many look to capitalise on what is viewed as a major opportunity for significant success. Boasting 14 years of igaming experience, Game Interaction Group is aiming to adhere to a strict set …

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David Yatom Hay, Soft2Bet: navigating the complexities of regulation

SBC News David Yatom Hay, Soft2Bet: navigating the complexities of regulation

Entering new markets presents its own set of challenges, but navigating the ever-changing regulatory landscape within the global gambling space is something that Soft2Bet has become very adept at.  Having recently entered the Italian market, and with licences for Sweden, Greece and Romania acquired earlier this year, Soft2Bet’s General Counsel David Yatom Hay has had his work cut out for …

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LeoVegas gains financial flexibility via issue of unsecured bonds

Gustaf Hagman, LeoVegas CEO

LeoVegas has disclosed the successful issuance of senior unsecured bonds of SEK 500m in 2020 under a framework of up to SEK 800m. The online gambling group first announced this intention in November 2020, suggesting that it would enable the group to deliver on its expansion strategy amid a “focus on regulated markets and markets soon to become regulated”. Alongside …

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Lockdown easing sees UK online gambling register a June slowdown

Sarah Garnder: UKGC consultation conclusions due this summer

The UK’s online gambling sector recorded a decrease in overall gross gambling yield (GGY) during the month of June, despite the sector registering an increase in player activity related to interest in the Euro 2020 championships.  Publishing its latest market update, the UK Gambling Commission (UKGC) figures reveal that June generated a combined GGY of £496 million, the sector’s lowest …

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India’s Andhra Pradesh imposes blanket ban on online gambling

SBC News India’s Andhra Pradesh imposes blanket ban on online gambling

New measures have been put in place in the Indian state of Andhra Pradesh which impose a blanket ban on online gambling, targeting direct restrictions on online poker and rummy services. Perni Venkataramaiah, the state’s Minister of Transport, Information and PR, confirmed the news, stating that the Council of Ministers had agreed to amend the state’s 1974 Gaming Act to …

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Danish gambling levels fall during lockdown

SBC News Danish gambling levels fall during lockdown

Data released by the Danish Gambling Authority, Spillemyndigheden, has shown a fall in the number of people gambling during the coronavirus crisis. Since 11 March, all land-based casinos and gambling venues have been closed across the country, while almost all sporting events have been cancelled. Morten Niels Jakobsen, Director of the Danish Gambling Authority, said: “It very much looks like …

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Cross-party MPs call for £2 stake limit on online slots

SBC News Cross-party MPs call for £2 stake limit on online slots

In a bid to mitigate the risks associated with online gambling, the Gambling Related Harm All-Party Parliamentary Group (GRH APPG) has requested that a £2 limit is introduced on all online slot machine games. The request follows on from a six-month review into the impacts of problem gambling, with the group underlining that further action from the Government and the …

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ICS‑digital’s Ben Jones: iGaming and the future of entertainment

iGaming - Copyright: jirsak / 123RF Stock Photo

After hitting £31.23 billion by the end of 2016, the iGaming industry’s total worth is forecasted to reach £57.73 billion by the end of 2020, writes ICS‑digital Marketing Executive Ben Jones. In the past decade, the world of iGaming has exploded. Since the introduction of new legislation in 2014, the UK’s remote gambling sector alone has increased more than three …

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UKGC strengthens its stance on protecting children from betting-related harm

SBC News UKGC strengthens its stance on protecting children from betting-related harm

An article published in the Times on Sunday 8 October accusing online betting operators of using cartoons to ‘lure kids to online gambling’, has caused the UK Gambling Commission (UKGC) to reaffirm its stance on protecting children from betting-related harm. The article claimed that gambling operators utilised flaws in the guidelines enforced by the UKGC and promoted games that appeal specifically to …

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Rodrigo Duterte will shutter online gambling in the Phillipines

Copyright: pockygallery / 123RF Stock Photo

Rodrigo Duterte, the outspoken and hardline President of the Phillipines, has seemingly backtracked on a softer approach to online gambling regulation and moved to close it down entirely in the country. In a speech which followed the announcement of the 2017 national budget Duterte stated that he would be “ordering the closure of all online gambling (firms)… All of them. …

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