Author: Staff Writer

In the third quarter of this year, Spain’s gambling industry showed strong performance with a total revenue of €293.6 million. While this figure was comfortably ahead of the €240.8 million earned in the same quarter last year, it fell short by 2.7% when compared to the €312.6 million generated in Q2 of this year. Breaking down the Q3 figures, the casino segment continued to dominate the Spanish gambling market, contributing €160.3 million in revenue, which marked an impressive 25.3% increase from the previous year and accounted for 52.7% of the total market share. Among the casino games, live roulette experienced…

The UK Gambling Commission has initiated a 13-week consultation process aimed at enhancing transparency and clarity in penalty calculations for gambling operators. This move follows the release of a white paper as part of the ongoing review of the 2005 Gambling Act, which outlined proposals for the future regulation of gambling activities in the UK. The consultations will also encompass financial key event reporting, taking into account the growing complexity of mergers and acquisitions in the gambling sector and the increasing globalization of the industry. One of the key areas under discussion is the determination of the starting point for…

The Australian Communications and Media Authority (ACMA) has identified four operators, namely Ladbrokes, Bet365, Neds, and Sportsbet, for violating interactive gambling regulations by using “Fast/Quick codes” to facilitate in-play sports betting. According to the Interactive Gambling Act 2001 in Australia, in-play betting on sports events is generally prohibited, except for specific circumstances, such as bets placed over the phone, where the bettor must make a genuine phone call to place the wager. To engage in in-play betting, players were required to obtain a Fast/Quick code from the operator’s website or app. This code contained information about the event, bet selection,…

In the first quarter of 2024, New South Wales (NSW) is set to launch an expanded cashless gaming trial, spanning approximately 4,500 machines spread across 28 clubs and hotels situated in 24 different metropolitan and regional local government areas. This significant expansion comes as a recommendation from an independent panel, formed in July to oversee gambling reform within the state. Prior cashless gaming trials have already taken place on over 250 machines at Wests Newcastle and Club York. Participation in this trial will be subject to specific minimum requirements, including harm minimization measures, anti-money laundering safeguards, data security, and privacy…

Chile has taken a significant step towards regulating its online gaming industry, as a bill aimed at fostering a competitive market while safeguarding player well-being has received overwhelming approval in the chamber. This legislative initiative, if transformed into law, would empower various Chilean regulatory bodies, including the Superintendence of Casino Games (SCJ), the Commission for the Financial Market (CMF), and the Internal Revenue Service (SII). One of the key highlights of the bill is the introduction of a National Policy on Responsible Gambling, with active involvement from the SCJ and the country’s ministries of finance and health. This policy underscores…

US-based Corvex has acquired approximately 28 million shares of Entain amidst the recent resignation of CEO Jette Nygaard-Andersen. Corvex views this management change as a necessary step for Entain, which it believes is currently facing unacceptable performance issues. Corvex, armed with substantial industry and company-specific experience, aims to engage constructively with Entain’s leadership to drive value and bring about further changes. The leadership shift at Entain was announced on December 13th, with Stella David stepping in as the interim CEO, while the search for a permanent replacement begins. Nygaard-Andersen had been at the helm since January 2021, succeeding Shay Segev,…

The advent of the internet and technological advancements has made it easier than ever for people to access gambling services. Online casinos, sports betting platforms, and various gambling apps have proliferated, providing an array of options for consumers. While this has expanded choices for players, it has also raised concerns about the potential for harm and addiction. All bookmakers in the UK, including William Hill, have implemented measures to promote safer gambling. One such measure is Safer Gambling Reviews, during which players have restricted access to their account, while the checks are being carried out. How Long Do William Hill’s…

Pariplay®, a subsidiary of NeoGames S.A (Nasdaq: NGMS), has inked a significant deal to launch its Fusion® content on Slots Temple within the UK’s regulated market. This collaboration promises to bring an extensive collection of feature-rich and immersive gaming content from Pariplay®’s in-house studio, Wizard Games, to Slots Temple. Popular titles like ‘Captains of the Coast’ and ‘Mammoth Mayhem,’ along with classics like ‘Wolf Riches’ and ‘Fisherman’s Bounty Deluxe,’ will all be accessible through the state-of-the-art Fusion® aggregation platform. The UK gaming community can also anticipate access to games from several leading third-party providers, as the two companies work swiftly…

In a recent development, Oliver Chow has been appointed as the Chief Financial Officer (CFO) of Light & Wonder, marking his transition from the interim position he assumed in August this year, following the departure of Connie James. This announcement solidifies his role as a permanent member of the leadership team, with the additional honor of becoming an Executive Vice-President of the company. Chow’s journey with Light & Wonder began in October 2022 when he joined as the Senior Vice-President of Corporate Finance. Before his tenure at Light & Wonder, he gained extensive experience during his five years at Aristocrat,…

Vermont residents and visitors can now partake in legal online sports betting as the state officially launches its mobile sports wagering platforms. As of today, players in Vermont can conveniently download apps provided by licensed operators to place bets on their favorite sports events. Furthermore, consumers have the option to pre-register with these operators in anticipation of next month’s full-scale launch. This exciting development became a reality when Governor Scott signed House Bill 127 into law back in June of this year. The legislation allows for up to six online sportsbooks to operate within the state’s borders. After a rigorous…