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Industry
June 21, 2022
NSW Changes the Point of Consumption Tax
The government of New South Wales has announced a 5% increase to the Point of Consumption tax on corporate sportsbooks. With this development, the POCT will rise from 10% to 15% and the new rules will be effective on July 1, 2022. Tax Revenue Is Set to Increase by Over $500 Million NSW’s tax increase […]
Industry
June 21, 2022
Australia in Danger of Being Placed on FATF Grey List in 2025
Australian gambling industry received a warning from the country’s financial intelligence agency, AUSTRAC, it has been in its crosshairs for a while and need to do more to raise money laundering standards. Money Laundering Investigation and Prosecution The warning was issued by AUSTRAC’s chief executive officer Nicole Rose who spoke at a conference organized by […]
Industry
June 21, 2022
UK’s Gambling Regulator Unveils New Guidance to Help Combat Problem Gambling
The UK Gambling Commission (UKGC) updated its new list of rules on high-risk gamblers. The updated operator guidelines will be officially introduced on September 12 this year as part of the regulator’s efforts to fight gambling addiction. The new measures complement the regulator’s previous instructions released in April. The UKGC Prescribed an Increased Focus on […]
Industry
June 21, 2022
The Philippines Can’t Get Off FATF’s Grey List
Following a meeting that lasted for four days, Paris-based international regulator, the Financial Action Task Force (FATF), has decided to keep the Philippines on its grey list. Despite progress on the anti-money laundering (AML) and combatting the financing of terrorism (CFT) front, the country still has work to do in order to be able to […]
Industry
June 21, 2022
ComeOn to Launch Three of Its Brands in Germany
ComeOn Group, a leading player in the global iGaming market, has forayed into the German market, after securing a sports betting license. The group will launch three of its brands in the European country, thus expanding its footprint in the region. ComeOn on Sachsen-Anhalt’s Whitelist Sachsen-Anhalt, one of Germany’s states, added ComeOn Group to its […]
Industry
June 21, 2022
Italy’s Gambling Market Grows Year-over-Year in April
The Italian iGaming market has posted its first upward trend in a long, long time this April. This is the first time the gambling segment in the country inched up driven by stronger-than-expected interactive wagering since November 2021. April’s results were higher than April 2021’s, but the numbers were still under the March 2022 benchmark. […]
Industry
June 21, 2022
Sports Gambling Guides Received $2M in Second Round Funding
A relatively new sports affiliate marketing business, Sports Gambling Guides (SGG), received further investor backing in a $2 million second round funding. Among the new investors at SGG was venture capital firm Astralis Capital. Targeting Social Media Customer Engagement SGG, the social media-focused sports marketing company launched in 2020 that offers a bold new take […]
Industry
June 20, 2022
Inspired Extended Virtual Sports Agreement with Betfred
Provider of gaming technology and content Inspired Entertainment announced today it has extended its Retail Virtual Sports agreement with Betfred, a long-time partner of the gaming tech supplier. Extending a Successful Partnership Inspired Entertainment and the world’s largest privately-owned retail sports betting operator Betfred announced a long-term extension to their Virtual Sports partnership. Nasdaq-listed Inspired […]
Industry
June 20, 2022
Spain Q1 GGR More than Q4 2022, Less than Q1 2021
Spain’s regulated gambling market continues to see suboptimal gross gaming revenues. The country’s regulator just published the financial results for the first quarter of the year. According to them, GGR experienced a decline of almost 15%. Revenues Declined Across the Board The Director General for the Regulation of Gambling (DGOJ) reported that the sector earned […]
Industry
June 20, 2022
KSA’s Jansen Asked Operators to Protect Their Users
The chairman of the Kansspelautoriteit (KSA), René Jansen, has reprimanded operators for not diligently protecting their customers from harm. He warned that failure to comply may eventually result in tougher restrictions. The KSA Asked Operators to Care for Their Customers The chairman of the Netherlands’ gambling regulator made this announcement during a speech at the […]
