Ted Menmuir

Betsson delivers record earnings results as leadership targets dominance of new markets

Betsson AB has lauded its capacity to match operational scale demands, after the online gambling group posted record-breaking Q2 2021 earnings of SEK 472 million (€46m). Publishing its interim 2021 trading results (period ending 30 June), Betsson recorded Q2 group revenues to SEK 1.75 billion (€175m) – up 14% on corresponding 2020 results of SEK 1.53 billion. Q2 trading’s results …

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New SECAP secretary confident of launching Brazil’s sports betting regime by 2022

Gustavo José de Guimarães, the new secretary of SECAP, the agency leading Brazilian public policy development for the agriculture, energy and lottery sectors, has revealed that the government expects the sports betting sector to be regulated before the end of the year and up and running by 2022. According to comments made by local outlet Valor, shared by BNL Data, …

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Gibraltar confirms corporate tax rate increase to 12.5%

The government of Gibraltar has confirmed that corporate taxes will be raised from 10-to-12.5%, helping support the British overseas territory’s economic recovery from the COVID-19 pandemic.  Yesterday, First Minister Fabian Picardo outlined directives of Gibraltar’s new budget that requires an interim corporate tax hike to help balance the country’s projected deficits totalling + £250 million. “There is nothing to giveaway,” …

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GLMS publishes 2021 Mid-term intelligence report

The Global Lottery Monitoring System (GLMS) has published its 2021 Mid-term Monitoring & Intelligence Report, citing ‘a busy first six months’ of the year, from education to policy-making, engaging with its members and monitoring to maintain sport integrity. The GLMS shared several activities in which its lottery, associate and regulating members have participated, enhancing the quality of sports betting and especially facilitating the …

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Svenska Spel maintains stable H1 ahead of full unit comeback

Svenska Spel has recorded positive Q2 trading, as Sweden’s state-owned gambling operator prepares to reopen all Casino Cosmopol and Vegas arcade venues from lockdown.  Buoyed by strong sports betting activity (+106%), Q2 trading saw Svenska Spel register group net revenues of SEK 1,94 billion (€188m), up 18% on corresponding 2020 results of SEK 1.64 billion – a period heavily disrupted …

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Gambless tackles workforce burnout with Mindspa

Gambling-harms prevention and support platform Gambless has joined forces with mental health app Mindspa to expand psychiatric support resources for gaming industry employers.    The partnership follows an 18-month evaluation in which Gambless recognised the mental fatigue of gambling employees working in a ‘perpetual state of disruption and uncertainty’. It noted that employee mental health had risen to the top of …

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Kindred continues sustainability focus on ‘path to zero’

Kindred Group Plc continues to progress on its group-wide business sustainability objectives, despite recording a slight increase in revenues generated from harmful gaming.     Publishing its latest ‘safer gambling update’, the group saw its share of gross win revenues from high-risk players increase from 3.9% to 4.3% during the Q2 trading period.    Irrespective of the 0.4% increase, Kindred underscored that its …

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EGBA backs creation of new  European AML Rulebook

The European Gaming & Betting Association (EGBA) will develop new sector-specific guidelines to help online gambling companies comply with the European Union’s new anti-money laundering rulebook.   The directive follows the European Commission (EC) being granted approval to update the EU’s financial regulations, standards and safeguards set by the EU AML Directive.  Presenting its ‘most ambitious package of measures’ the EC …

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Luckbox calls for systems makeover by Aspire Global

Luckbox is set to undertake an overhaul of its core operating systems powered by technology solutions from Aspire Global. Real Luck Group, the TSXV-listed management company of Luckbox, has entered a strategic partnership with Aspire Global to serve as Luckbox’s lead casino and sports betting systems provider. The partnership will see Aspire’s BtoBet Neuron platform replace EveryMatrix’s OddsMatrix engine as …

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