Lottomatica Group SPA states that it has achieved all corporate objectives of a transformative 2023, as its business prepares to become Italian gambling’s outright market leader by acquiring SKS365 Group.  Publishing its full-2023 accounts this morning, Lottomatica announced corporate revenues of €1.63bn, up 12% on FY2022 results of €1.49bn. Growth in headline revenues reflects Lottomatica generating consolidated bets (volume) of …

The British Horseracing Authority (BHA) will persist in advocating for the government to comprehensively evaluate the implementation of financial risk checks on UK gambling customers.  The demand was underscored by BHA CEO, Julie Harrington, following Monday’s parliamentary debate concerning affordability checks, as proposed by the Gambling Review’s White Paper – a discussion tabled by UK Racing stakeholders. MPs were implored …

Finland’s Institute of Health and Welfare (THL) has expressed detailed concerns about the increasing instances of gambling-related disorders, even as Finland experiences a decline in gambling participation. The observation was made by the Health Institute during its public survey to ascertain the prevalence of moderate and problem gambling risks among Finnish adults.  The Institute, responsible for monitoring records on disorders …

The Gambling Commission seeks to improve transparency on funding disclosures related to licensees and their investors, a remit needed to strengthen its regulatory oversight of UK Gambling. Jessica Wilson, Gambling Law Associate of Harris Hagan provides her legal eye on newly released guidance from the Commission which aims to clarify the requirements for source of funding disclosures, but still leaves …

The debate on UK gambling adopting mandatory affordability checks on customers has drawn distinct opinions across political ranks. Yesterday, the debate was brought to Westminster Hall as MPs responded to UK racing’s petition to “abandon financial risk checks as proposed by the White Paper”. Collecting over 103,000 signatures, UK racing cites that the current proposals favoured by the UK Gambling …

The board of Catena Media Plc has this afternoon announced that Michael Daly has chosen to step down as Chief Executive Officer with immediate effect. Investors of the Nasdaq Stockholm affiliate and media publisher were informed that Pierre Cadena, VP Corporate Strategy, will assume the role of interim CEO, leading the firm’s ongoing reorganisation to focus on North American growth. …

Glücksspielbehörde (GGL), the Federal Gambling Authority of Germany, has detailed its concerns regarding impending changes to the Strafgesetzbuch (StGB), the Criminal Code of Germany. Speaking at the Lotto Talk event in Berlin, GGL Co-President Ronald Benter disclosed that the authority had issued an appeal to the Federal Ministry of Justice to ‘reconsider amendments to the Criminal Code’. The Ministry of …

The UK government decision to implement of new £2 and £5 stake limits for online slots, set to take effect later this year, is anticipated to impact the annual gross gambling yield by £166.2 million. As announced on Friday by the Department for Culture, Media & Sport (DCMS)  from September  a maximum stake limit of £2 on UK online slots …

The subject of tax exemptions on gambling prizes/winnings will be debated once more by the government of Brazil. This follows the PT government’s backing of Provisional Measure (PM) 1,206/2024, which seeks to revise the monthly income tax exemptions for public wages up to BRL 2,824 (€530). The PM is reported to be favored by President Luiz Inácio Lula da Silva, …

Mobile gaming expert, Stuart Godfree, Managing Director at mkodo, has opened up on new European legislation that threatens to impact Apple’s App Store, notably in relation to the publishing of real-money gaming products.  The new legislation, he said, will see the removal of restrictions on In-App Purchasing (IAP), allowing third parties to use external payment for services as well as …