Ted Menmuir

Smarkets: Sunak Budget bluster frosty against 22% chance of recession

Smarkets Politics has registered a mixed reaction to the Autumn Budget statement, delivered by Chancellor Rishi Sunak. “Employment is up, investment is growing, public services are improving, public finances are stabilising, and wages are rising” – bellowed Sunak to the Commons, underlying the strengths of the UK economy recovering from COVID-19 pandemic. Yet, despite the Chancellor’s bluster, the latest politics …

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Sweden to end online casino restrictions on 14 November

The Swedish government will end its temporary restrictions on online casinos from 14 November. According to Swedish media reports, the government will no longer enforce its policy that had been applied since 1 July 2020 as a protective measure for Swedish citizens during the COVID-19 pandemic. Licensed operators had been forced to impose a mandatory SEK 5,000 (€480) weekly deposit …

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HooYu launches KYC smart re-usable digital identity offering

HooYu, the specialists in KYC and customer onboarding journey specialist, has confirmed the strengthening of its offering with a ‘re-usable digital ID to instantly complete age or identity verification processes’. It’s a move that seeks to help firms in their bid to grow with the digital evolution and retain a stringent verification process. The new service, called HooYu ID, gives consumers …

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Bally’s bulks up tech unit by acquiring Degree 53 

Bally’s Corporation continues its digital makeover announcing that it has agreed to acquire Manchester-based igaming innovation studio Degree 53, to help build-up its UX, design and technical capabilities.  Founded in 2013 by engineer Andrew Daniels, Degree 53 is a specialist agency in software, UX and app development for igaming and sports betting operators.  Degree 53 clients include Betfred, Scientific Games, …

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Howard League inquiry calls for CJS to overhaul its approach to problem gambling crimes 

The Howard League has called for an overhaul in how the UK’s Criminal Justice System (CJS) addresses ‘crimes linked to problem gambling’. The headline remark was made by the League’s ‘Commission on Crime and Problem Gambling’ – a research unit led by Lord Goldsmith QC, that has examined links between problem gambling and crimes committed during the past two-years.  Publishing …

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Kindred outperforms seasonal lags as Q4 roadblocks loom

Kindred Group Plc maintains growth across all metrics, despite its sportsbook unit trading against post-EURO and COVID-19 ‘normalisation effects’.  Publishing its Q3 trading statement (period ending 30 September), Kindred registered group revenues of £298 million up 6% on corresponding 2020 results of £281 million. Revenue growth was attributed to the continued expansion of Kindred’s casino portfolio, which generated period gross …

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APBGG calls for industry action against the UKGC

The All-Party Parliamentary Betting & Gaming Group (APBGG) has extended its inquiry, examining the competencies of the UK Gambling Commission (UKGC) as the regulatory body of British gambling.  The decision follows significant evidence submitted to the group, outlining the seriousness of alleged failings by the UKGC governing the gambling sector. The APBGG launched its inquiry following industry concerns that the …

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BGC: Industry will maintain its safer gambling duties as problem rates fall

BGC pledges to maintain safer gambling momentum

The Betting and Gaming Council (BGC) has pledged that its membership will ‘keep the momentum’ on continuing to reduce problem gambling rates, following the positive results of 2021 gambling prevalence data published by the UK Gambling Commission (UKGC) Feedback of a quarterly telephone survey, conducted by Yonder Consulting, a nationally representative sample of 4,005 participants – aged 16 and over …

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FIAU orders new AML commands on Malta business  

The Malta Gaming Authority (MGA) has warned licensed operators that they are expected to be familiarised with the revised AML Implementing Procedures (IPs) that will be applied by the Financial Intelligence Analysis Unit (FIAU). Last week, the FIAU updated its IPs guidance on AML and compliance duties that are required to be maintained by registered businesses. The revised orders follow …

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