Norway ‘losing control of online market’ due to rejection of state monopoly Share
April 23, 2021
The prevalence of a state monopoly has led to Norway ‘losing control of its online gambling market’ according to
Maarten Haijer, Secretary General of the
European Gaming and Betting Association (EGBA).
Under the current system, Norway’s two operators –
Norsk Tipping and Norsk Rikstoto – are both state-owned, with the former responsible for lotteries and sports betting, whilst the latter holds primary authorisation for horse race wagering.
In an article posted on the official EGBA website, Haijer expressed his belief that it is ‘not surprising’ that Norweigian bettors are moving away from the state monopoly, instead looking to international operators which offer them ‘better choices and prices’ in comparison to the domestic system.
New more stringent regulation in Spain take effect next month to reduce gambling addiction.
New regulations are coming into Spain next month, as Spain s gambling regulator along with the Ministry of Consumer Affairs cracks down on the traditional mainstays for customer acquisition and brand recognition.
Blanket Bans Official
New total bans on team sponsorships and incentives for new players will force all operators in Spain to come up with new ways to attract users with operators already queasy from 2020 figures indicating sequential decreases in active participants 29.4% in Q2 2020, and 25.3% year-on-year.
Trade Association Concerns
European Gaming and Betting Association (EGBA) claimed the sponsorship ban will negatively impact 41 of the 42 teams that make up La Liga, with clubs already strapped after losing up to €80 million in ad revenue from the Covid closures.
IMGL widens global focus with gaming law magazine launch sbcnews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sbcnews.co.uk Daily Mail and Mail on Sunday newspapers.
Kindred Group completes the acquisition of Blancas NV
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VALLETTA, Malta, April 1, 2021 /PRNewswire/
Kindred Group has on 1 April 2021 completed the previously announced acquisition of 100% of the shares in Blankenberge Casino-Kursaal (Blancas) NV, which operates Casino Blankeberge in Belgium, from the Rank Group Plc.
Kindred Group entered into an agreement on 29 October 2020 to acquire 100% of the shares in Blancas NV from The Rank Group Plc. Blancas NV is the license holder and operator of Casino Blankenberge, which is one of the nine land-based casinos operating in Belgium. Blancas NV recently successfully renewed its casino licences with the Belgian Gaming Commission as well as the concession agreement with the city of Blankenberge for a 15-year period which started in January 2021.
Kindred Group completes the acquisition of Blancas NV investingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investingnews.com Daily Mail and Mail on Sunday newspapers.