Tag Archives: POC

Betfair – 2015 an excellent year following profits & revenue jump

Betfair governance has named 2015 (year end 30 April) as an excellent year, as the operator saw full year top line metric growth on all key performance verticals. Posting 5 consecutive quarters of double digit growth, Betfair would record corporate revenues of £476 million up 21% on FY 2014 £393 million. The operator would further record a boost in EBITDA …

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Andy Harris – Realistic Games – 2014 Review: Mobile Learning Period is Over

Andy Harris, Commercial Director of Realistic Games says 2014 has seen some welcome innovation in iGaming and Mobile in particular, but that suppliers and operators need to do much more in 2015 to engage more effectively with their customers. As we entered 2014 the word on everyone’s lips in iGaming was Mobile. Both suppliers and operators were falling over themselves …

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Risky business – why investors should beware grey market operators

Scott Longley, editorial director at Regulus Insights, analyses the concept of risk for dotcom operators and their investors. The 9% share price fall that prompted Playtech to issue a stock exchange statement late last week was only the most recent example of how listed gambling companies suffer more than most from the financial market phenomenon of risk on/risk off. This …

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Playtech plans UK POC supplier strategy

Playtech senior management have stated that it will renegotiate supplier terms with its operators, in order to prepare its igaming technology and provisions network for the changes in market conditions that will be applied by the imminent Point of Consumption (POC) tax. Speaking after Playtech’s Q3 corporate performance presentation, Chief Financial Officer Ron Hoffman said that the company had begun …

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Paul Leyland: continuous tax challenges may not be wise

Paul Leyland, Principle Consultant at Regulus Partners, takes a look at the news that there is to be another attempt at a Judicial Review on the UK’s Point of Consumption regime and asks whether it is altogether wise. The Gibraltar Betting and Gaming Association, having failed to overturn the UK remote Gambling (Licensing and Advertising) Act, is now attempting a …

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Increased industry marketing spend affects NetPlay TV performance

NetPlay TV Plc issued its Q3 2014 trading update. The interactive gambling operator who had suffered an H1 2014 profits decline of 50%, reported that revenues had remained broadly flat during the period. The operator recorded gaming revenues of £6.4 million (Q3 2013: £6.5 million). NetPlay TV plc management stated that the unstainable levels of marketing activity seen throughout the …

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GBGA would like to see EU legal framework for online gambling

The Gibraltar Betting & Gaming Association (GBGA) has called for an EU framework for online gambling legislation after its appeal against the UK’s point of consumption licensing was dismissed by the courts. In a statement after Friday’s judgment, the GBGA said: “We remain concerned the UK regulator will find it difficult to hold companies to account in jurisdictions outside of …

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Harris Hagan Bulletin: Judicial Review a ‘clear cut case’

Specialist gaming law firm Harris Hagan has issued a bulletin detailing the outcome of the GBGA’s Judicial Review challenge to the point of consumption licensing regime. Here John Hagan digests some of the judgment. Mr Justice Green handed down his eagerly awaited Judgment this morning in the judicial review proceedings brought by the Gibraltar Betting and Gaming Association (“GBGA”). In …

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POC challenge rejected

The High Court challenge to the point of consumption licensing by the Gibraltar Betting and Gaming Association (GBGA) has been rejected. The Gambling Commission commented: “We welcome the judgment.  Now we can get on with improving the protection for those gambling in Britain.” The laws are now due to come into force on 1 November and those who are currently …

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Point of Consumption delayed until November

The controversial Point of Consumption licensing regime, due to come in on 1 October, has been delayed for a month in order to give the judge presiding over the Judicial Review time to consider the arguments. The Gibraltar Betting and Gaming Association (GBGA) has been a vocal opponent to the proposed Point of Consumption laws, suggesting they are contrary to …

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