Gaming regulation – Page 4

October 21, 2022

Belgium’s €200 loss limit comes into force

Belgium’s new €200 weekly loss limit has officially come into effect, three months after a royal decree on the subject was published.

The lower limit was announced in July by a royal decree, having been put forward by minister of justice Vincent Van Quickenborne.

Previously, net deposits were limited to €500 per week, after an April 2020 decree.

The limit will continue to apply on a per-site basis, after attempts to introduce a “global” limit – to apply across all operators – fell through.

Players may request to have their limit raised, but only if they are not registered as defaulters with the Central Individual Credit Register of the National Bank.

“It is always possible for players to request a lower personal limit from the operators,” the Belgian Gaming Commission said. “To keep gambling fun, it is recommended to spend no more than 5% of income on gambling.”

Belgium is also hoping to implement a complete ban on all non-lottery gambling ads, a measure that has been the source ..

October 20, 2022

Gibraltar to replace one-size-fits-all licence fees with tiered system

Gibraltar is set to implement a new, tiered system for gambling licence fees, meaning that larger operators will pay more and smaller ones less, as part of a package of reforms for the point-of-supply market.

The British Overseas Territory launched a consultation on new licence fees, following its earlier proposal for a new Gambling Act.

Previously, operators of remote betting, remote gaming, other remote products, land-based gaming and retail betting each had to pay a £100,000 licence fee every year. B2B suppliers, meanwhile, were required to pay an £85,000 annual fee.

However, in its consultation, the government said that “licensing fees for startup operators and small operators who are building for growth can be a disproportionate cost in the early stages of the life cycle of the business”.

As a result, it opted for a new, tiered system for remote betting and gaming licences, based on annual gross gambling yield (GGY).

As operators need to apply for a separate licence for each..

October 10, 2022

World Series of Politics: Brazil, Indiana and Ontario

Just in time for G2E, iGB brings you episode five of the World Series of Politics, this week featuring Brazilian elections, Indiana online casino and Ontario's offshore issue.

We kick off by looking at Brazil, where the competing presidential candidates go into a run-off at the end of October.

This is likely to impact gambling across multiple channels. Not only sports betting may be on the line, but a reshuffling of the country’s lottery sector and even integrated resorts are being held back.

Indiana online casino is also up for discussion in this week’s episode, as US states look for new ways of finding revenue. Could this lead to a wave of igaming legislation in the remainder of 2022 and into early 2023, especially after commentators were disappointed by a lack of action in 2021?

It’s a question of tax, Brendan says. If they set the rate too high, states risk stifling the market before it can get going.

Remember, The World of Series of Politics is available on Apple Podcas..

September 16, 2022

Rumour Truss will scrap gambling review may be bad news, analyst warns

Regulus Partners analyst Dan Waugh warned against the industry celebrating rumours new prime minister Liz Truss would abandon the Gambling Act review, instead arguing the news may be “worst outcome for industry”.

A report from Guardian chief political correspondent Jessica Elgot concerning general government plans to scrap a number of legislative proposals noted “rumours” that the Gambling Act review was among the proposals that could be axed.

Long-delayed process

The Gambling Act review has been in motion since late 2020, having initially been on the Conservative Party manifesto in 2019.

However, various delays have meant that a white paper outlining the government’s wish list for reforms has still not been published.

A major factor in the repeated delays appeared to have been changes in personnel, with four different ministers having overseen the legislation since it began.

Chris Philp, who at the time was responsible for the review, said in his July resignation letter that th..

August 23, 2022

Rush Street Interactive: the exception that proves the rule

At a time when US sports betting operators are shifting focus to profitability rather than expansion, Rush Street Interactive believes it is a step ahead of the competition. Chief executive Richard Schwartz explains how a disciplined approach, online casino and its pan-American ambitions, will achieve this.

The early stages of the US betting and igaming market have been typified by a race to build as big a customer database as possible, at whatever cost. Each state that launches experiences advertising shock and awe, as operators bankroll vast campaigns to use each rollout as a land-grab for new sign-ups.

Rush Street Interactive (RSI), the business that listed on the New York Stock Exchange in December 2020, has looked to take a different approach. At a time when there is greater scrutiny of company spending, and investors query how long hefty losses can be sustained, it has managed to keep its spending in check.

While the push for profitability is still relatively new to the wide..

July 11, 2022

Curaçao to overhaul regime with new regulator, higher bars to entry

Curaçao is set to drastically reform its entire online gambling regime, setting up a new licensing body – with higher barriers to entry and the ability to cooperate with other regulators to tackle illegal gambling – to replace master licences.

The island’s licensing regime was notable for its extremely liberal system and low barriers to entry with little scrutiny for operators, but the government intends to change this.

Currently, only four businesses are licensed by the government. Each of these then offer out their own licences on their own terms, meaning that private entities rather than the government wielded most practical control of licensing.

This will be drastically changed under a new bill that has been approved by the Curaçao Council of Ministers, part of an overhaul of gambling regulation on the island.

A new system will be set up, with licences for both B2C operators and B2B suppliers issued by the Curaçao Gaming Authority (CGA), an independent body set up by the gover..

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Tag: Gaming regulation