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Lula to bring sports betting forward but sidelines online casino

Brazil’s IBGR lambasts Lula administration’s betting tax ‘burden’

Fernando Haddad, Brazil’s Minister of Finance, has shared that the Presidency of Lula da Silva will focus on moving forward on “electronic gaming”, and sanction a  sports betting regime. Yet, new details of a federal bill show that online casinos will not be included in upcoming plans.  Sports news outlet Panorama Deportivo cited Ministry sources and explained what the regulation …

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Lucy Frazer: The voices of Gambling Suicide must be heard

SBC News Lucy Frazer: The voices of Gambling Suicide must be heard

DCMS new Culture Secretary, Lucy Frazer, has stated that those impacted by gambling-related suicides must be accounted for in reforming the UK gambling industry. Three weeks into her new ministerial role as DCMS leader, Frazer spoke at a meeting with industry reformists Gambling with Lives, who were described as “tireless and devoted champions” – leading a transformative campaign that has …

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‘A marathon not a sprint’ – Tipico’s Adrian Vella on applying German quality to the US market

‘A marathon not a sprint’ - Tipico’s Adrian Vella on applying German quality to the US market

Operator after operator are seeking their fortunes westward as the US gold rush gets well underway with over 30 states now open to some form of regulated online gambling, and European eyes are understandably glued to stateside developments. In a call with SBC from the group’s US headquarters in New Jersey, Tipico US CEO Adrian Vella explained the group’s approach …

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Clayton Larcombe: PAC’s investment in Bayes Esports highlights our commitment to innovation

SBC News Clayton Larcombe: PAC’s investment in Bayes Esports highlights our commitment to innovation

Esports is a nascent industry and one that will continue to evolve as more investors begin to realise the sector’s full potential. That was according to Clayton Larcombe, Chief Investment Officer of PAC Capital – a boutique investment manager that led the latest series A4  Financing round for Bayes Esports. Speaking to SBC News, Larcombe outlined his vision for the …

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Flutter maintains growth in tricky 2022 as focus shifts on FanDuel break-away

Flutter Entertainment Peter Jackson

Flutter Entertainment Plc has delivered on the objectives of a transformative 2022, maintaining ‘rapid US expansion’ whilst successfully integrating the new assets of Tombola and Sisal to diversify its home and international units. Announcing its full-year 2022 preliminary results, Flutter achieved group revenue results of £7.69bn, up 27% on corresponding FY2021 figures of £6.03bn. The FTSE100 gambling group maintains its …

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Dugher relaxed on statutory levy after ‘talking to govt privately’

BGC pledges to maintain safer gambling momentum. Michael Dugher.

Michael Dugher has reiterated his view that a statutory levy for research, education and treatment (RET) funding is ‘unnecessary’, but that he is ‘relaxed’ about the prospect. In a recent appearance on the Nick Luck Daily podcast, the Betting and Gaming Council (BGC) Chief Executive stated that the trade association is prepared to extend its 1% RET commitment across the …

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BetConstruct: meeting the regulatory requirements for new markets

SBC News BetConstruct: meeting the regulatory requirements for new markets

Acquiring a licence and remaining compliant with different regulatory requirements is arguably one of the most important factors to consider when setting up an online gambling company.  However, something that must be considered is the intricacies of each individual market. How long does it take to acquire a licence? What are the costs associated with acquiring a licence? What products …

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Winning Post: What Football’s White Paper tells of gambling’s regulatory future

SBC News Winning Post: What Football's White Paper tells of gambling's regulatory future

Last week the UK government delivered on a pledge of the 2019 General Election, publishing the White Paper of its review of Football. Regulus Partners draws on the expected parallels and horse-trading of how football’s fan-led recommendations will resemble UK gambling’s forthcoming judgements… The government demonstrated this week that, contrary to speculation, DCMS White Papers do exist. It has taken …

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