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Industry
March 8, 2024
Swedish Gambling Regulator Extends MoU Agreement with UKGC
In November 2019, Spelinspektionen, the Swedish gambling regulator, inked a Memorandum of Understanding (MoU) with the gambling regulator in the UK, the Gambling Commission. The international collaboration focused on identifying best practices, exchanging information and ensuring the sustainable growth of the two markets. The strategic MoU between the Gambling Commission and the Swedish gambling regulator […]
Industry
March 8, 2024
Montenegro Gaming at Peril as Country Contemplates Electronic Payments Ban
The Montenegro government recently announced its plans to ban the use of electronic payment methods on betting sites, sparking industry concerns. Montenegro Bet, a local trade association, has expressed its disagreement with the measure, calling it “unconstitutional.” The change is outlined in the proposed Article 68f of Montenegro’s gambling law. If passed, it would prohibit […]
Business
March 8, 2024
Danske Spil Posts FY 2023 Results, Highlights 6% Increase in Net Income
Danske Spil, Denmark’s state-owned lottery and betting operator, has published its FY 2023 results, reporting a slight increase in overall revenue. Data shows that the company’s lottery businesses fared well but the casino and sports betting businesses experienced a decline. Revenue in 2023 reached DKK 5.04 billion ($0.74 billion), up from DKK 4.98 billion in […]
Poker
March 7, 2024
VBET Inks Deal with Ukrainian Sport Poker Federation for Poker Series
After expanding its presence on Ukrainian soil with a partnership inked with the country’s Ice Hockey Federation that turned it into the national ice hockey team’s title sponsor in 2021, and inking an assortment of similar agreements with the Ukrainian Association of Football for the VBET Cup, the Ukrainian Premier League for VBET LIGA, and the National […]
Business
March 7, 2024
Betsson Launches Namesake Brand in Italy
Betsson, an international gambling operator, announced the launch of its flagship brand in Italy. Described as a “strategic move,” the launch will solidify the company’s presence in the country and cement it as a “preeminent global brand.” Betsson is no stranger to the Italian market. The operator has, for over a decade, operated the renowned […]
Industry
March 7, 2024
UK Gambling Minister Participates in Gambling with Lives Parliamentary Forum
Last year, the UK government released a review of the Gambling Act 2005, the biggest reform of the country’s gambling regulations in nearly two decades. This strategic review ultimately seeks to ensure the establishment of effective regulations that combat gambling harm and prevent gambling addiction in a time when the popularity of online gambling continues […]
Industry
March 6, 2024
EGBA Backs the European Union’s e-ID Standardization
The European Gaming and Betting Association (EGBA) expressed its approval of the European Union’s new digital ID laws. The new regulation, approved by the European Parliament on February 29, would introduce a standardized European Digital Identity (e-ID) process for citizens and businesses in EU member states. The new measure seeks to protect the privacy and […]
Industry
March 5, 2024
Adoption of AI in the Gambling Industry Sparks Debate
Over the last decade, the development of artificial intelligence (AI) has made significant strides. For a few years, AI-powered solutions and technology expanded exponentially, impacting the development of different industries across the globe. Unsurprisingly, the gambling vertical saw the benefits of AI and incorporated such technology and solutions, propelling the growth of new products, analysis […]
Industry
March 5, 2024
German Regulator Wants Stricter Rules for Loot Boxes
Last September, we announced that Germany was taking into consideration a series of strict regulations regarding the use of loot boxes in video games. Now, the German gambling regulator Gemeinsamen Glücksspielbehörde der Länder (GGL), also referred to as the Joint Gambling Authority of the States in English, has asked the federal states to thoroughly review […]
Industry
March 4, 2024
Slovenia Warns of a Spike in Illegal Gambling Activity
The National Assembly of Slovenia has expressed growing concern over the persistence of illegal online gambling activities despite regulatory efforts. Inspections in the gambling sector revealed that many online operators were conducting games of chance without the required concessions. These black market entities do not pay the required taxes and offer virtually zero customer protection, […]
