Online Casino News From Around the Globe

UK Government To Ban Betting On EuroMillions Jackpot
Nov30

UK Government To Ban Betting On EuroMillions Jackpot

The department for Digital, Culture, Media and Sport (DDCMS) announced today that it will ban on non-UK EuroMillions through a statutory licence condition. This ban will follow the existing regulations which ban betting on the outcome of the UK National lottery draws. Online lottery operators that offer betting on the outcome of lotteries like Lottoland will be hit hard by this new regulation. The government had been under pressure from Camelot to block companies like Lottoland that are seeing to be exploiting legal loopholes to offer betting on outcome of lotteries which are not having to give back a single penny for good causes. Back in March the government vowed to look into this legal loophole and now have concluded their investigation with the recommendation of banning betting on the outcome of EuroMillions. In a statement the DDCMS said,” We consider that betting on non-UK EuroMillions draws is contrary to the intention and spirit of section 95 of the Gambling Act and the established principle that operators should not be permitted to offer bets on the National Lottery.” They also said that the betting on EuroMillions draw would negatively affect lottery dales and there was a risk that contributions to National Lottery causes could decrease. They further went on to say,” We consider that betting on non-UK EuroMillions draws is contrary to the intention and spirit of section 95 of the Gambling Act and the established principle that operators should not be permitted to offer bets on the National Lottery.” Reacting to the news Lottoland CEO Nigel Birrel said,” We believe that today’s decision is unjustified, and sets a dangerous precedent for policy-making on the basis of no evidence. It will do nothing but stifle innovation in the sector. DDCMS itself recently stated in the FOBT consultation that any decisions on the outcome must be based on clear evidence. In today’s consultation response from the government they clearly state that the current evidence base is not...

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Tatts Group Records Increase in Revenues Despite Claims of Cannibalization From Lottoland
Nov29

Tatts Group Records Increase in Revenues Despite Claims of Cannibalization From Lottoland

The much talked about media smear campaign between Tatts Group and Lottoland in Australia is one of the ugliest and dirtiest in recent years. The open hostility the two online lottery companies have towards each other in the media has got many asking why the competition between the two is so fierce. Tatts Group object vehemently to Lottoland operating down under as they claim that it will seriously cannibalize their revenues as well as deprive many social causes their designated lottery tax revenues that are used to fund many of their projects. Lottoland in response also fiercely deny the claims that their operations would seriously undermine existing operators like Tatts Group and believe that their targeted player is completely different to that of Tatts. Figures just released by Tatts for the three months ending September 30 tell a very interesting story. Their Group revenue for the period shows a 6.8% increase year-on-year with $564.6m.Tatts credits the impressive figures to providing higher than usual jackpots to lottery players and cost controls. Tatts’ lottery revenues were up 8.8% driven mainly by increased digital lottery sales. Digital sales made up 16.4% of overall lottery sales. These figures will give a lot of ammunition to lottoland in their ongoing battle as they do seem to refute the claims by Tatts Group of...

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German Court Rules Against State Lotteries Being Monopolies
Nov28

German Court Rules Against State Lotteries Being Monopolies

The German online lottery and gambling market is seen as one of the most competitive around. The revenues involved are massive and is no surprise that private online lottery companies like Lottoland and Zeal see this market as key to their overall operations. In an interesting turn of events a German Court has rules that state lottery monopolies are unlawful. Based on a complaint brought by an undisclosed Bavarian firm, the Administrative Court of Munich issued a ruling that upheld the complaint from the Bavarian firm which believed that they were purposely blocked from obtaining permission to operate a state lottery in the district of Upper Palatinate. According to Attorney Martin Arendts, the operator was deliberately given the runaround despite having submitted all the relevant revised applications which were required to meet the state’s regulatory requirements. According to the Munich Court the state’s desire to maintain its monopoly was in violation of Article 56 of the Treaty of the Functioning of the European Union which is aimed at avoiding any protectionist ideas of EU member states. Needless to say online operator Lottoland was delighted at the ruling as it backs up their claims that opposition to their activities mainly stems from existing state monopolies fearing competition and not from any concern for adhering to regulatory...

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GVC Confirms Cozy Games Acquisition
Nov27

GVC Confirms Cozy Games Acquisition

Online gambling group GVC Holdings has confirmed the acquisition of online bingo operator Cozy Games for an undisclosed amount. Cozy games has over 120 online bingo and casino sites and own brands like Best Bingo and Live Bingo. Attention to the acquisition was first raised when the listing of the UKGC licensee listings were shown to have changed ownership to ElectraWorks Limited which is a part of the GVC group. The terms of the deal were not disclosed but head of media relations for GVC was quoted as saying the acquisition will complement their existing B2B and B2C offering. Cozy games is licenced in the UK and Malta and specializes in the development and delivery of many games including scratch cards, bingo, classic and video slots. GVC are looking to strengthen their offering after abandoning their lucrative Turkish market operations. Industry insiders believe that this is ahead of the possible merger with Ladbroke Coral which is seen as imminent. Another huge name thrown in the M&A mix is Canada’s Amaya gaming , the parent company of PokerStars who might also be a potential suitor for...

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Malta Gaming Industry Makes Up Over 12 Percent of National Economy
Nov23

Malta Gaming Industry Makes Up Over 12 Percent of National Economy

The negative impact of gambling companies always seems to make the headline but one forgets the vital role the gaming industry plays in many jurisdiction like Malta. The Maltese Gaming Authority has just released their interim report for the six months ending June 30 and the figures show that Malta’s Gaming industry accounts for over 12% of the Maltese Economy in the first half of 2017. According to the report Maltese-based gaming operators contributed €556m of gross value to the economy which is 10.4% higher than the same period last year. As of June 217 there are 282 Malta-licensed gaming operators which is 65 up from the end of 2016. Of these licensed companies 275 held online gambling licenses which is an increase from the 259 at the end of 2016.The addition of a new “controlled Skill Games” licensing category of which 13 were issued in H1 helped to establish Malta as an industry leader when it comes to innovation in gaming. Gaming tax revenues reached €29m in the opening six months which is equivalent to 5.5% of tax indirect tax intake. In terms of jobs created the figures are even better as initial forecasts were that 6,400 full time equivalent jobs were set to be created by June 2017. In reality the figure is more in the region of 9,000 when taking into account the direct and indirect employments. In terms of their planned changes to the regulatory framework, the MGA says they have provided an update to its existing regulatory framework which they believe will help “streamline, consolidate and future-proof ” all their gaming sectors under one legislative...

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