Allwyn International has marked 2023 as a transformative year for its business, which will now focus on revitalising the performance and sales of the UK National Lottery. Upon publishing its unaudited full-year 2023 accounts, the company saw its corporate revenues double to €7.87bn. The year’s accounts detailed that National Lottery sales accounted for a revenue contribution of €3.9bn, down 4% …
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GGL brands Malta Bill-55 a “protective shield incompatible with EU laws”
Gluecksspiel (GGL), the Federal Authority of German gambling, maintains its opinion that Malta’s ‘Bill-55’ is incompatible with European Union laws and member-state protections. Signed in June by Malta President George Vella, Bill-55, titled the “Gaming Amendment Bill’ allows Maltese courts to “refuse the recognition and enforcement of foreign judgements related to the online gambling sector.” As such, the Act prevents enforcement …
Read More »Why iGaming should embrace the ‘Learning LOOP’
Optimisation and automation have become key buzzwords for the iGaming industry in 2023…Golden Whale Production’s Claudia Heiling sheds insights on the development of GWP’s LOOPS to help operators further refine their business processes by unlocking the power of machine learning. In the rapidly evolving world of iGaming, if you’re not moving forward, you’re standing still – and while many companies …
Read More »Austrian Lotteries adopts 18 age limit across all products
The Austrian Lotteries has increased the age limit across its full range of products and offerings to 18, joining several other European nations in doing so. From 10 July onwards, participation in all Austrian Lotteries games will be limited to those aged 18 and over, rising from the long-standing age threshold of 16. The decision was undertaken by the state …
Read More »IMG Arena files against Stats Perform for alleged data rights breaches
IMG Arena has filed against Stats Perform over alleged breaches of exclusive data collection rights during Austrian, Czech, German, Greek, and Swiss soccer matches. In the claim, IMG Arena alleges: “At various times, Stats Perform has for the purposes of its businesses been operating a multijurisdictional, unauthorised ring of data collectors (or unofficial ‘scouts’), which it sends to matches at …
Read More »bet-at-home prioritises home market growth following dire 2022
bet-at-home AG has declared a full-year corporate loss of €585,000, due to the extensive streamlining of its day-to-day operations and reorganisation of its business strategy. 2022 marked a dire year for the Frankfurt Börse betting group, which recorded declines across all core trading metrics as its full-year gaming revenues (GGR) fell by 10% to €53.5m (FY2021: €59.3m). The drop in …
Read More »bet-at-home maintains 2022 outlook despite cold H1
bet-at-home AG has cited trading difficulties as its business continues to be impacted by a deluge of negative adjustments across core markets. Publishing its H1 2022 financial update, bet-at-home disclosed the impact of the Frankfurt Boerse betting group exiting Austria and downsizing its business due to the termination of its Malta subsidiary. Period trading saw bet-at-home generate gross gaming revenues …
Read More »bet-at-home expects €11m income reward for discontinued Austrian business
Embattled bet-at-home AG has announced that it expects to recoup €11.4m in attributable income related to its discontinued Austrian business. Dire 2021 trading saw bet-at-home forced to exit Austria’s online gambling marketplace, having lost a long-standing legal dispute against customers who sought a reimbursement for ‘playing on an unlicensed website’. While the Austrian exit saw the firm wind-up its Malta …
Read More »Bet-at-home exits UK market choosing not to contest licence suspension
Bet-at-home AG has chosen to surrender its UK licence and has notified customers that it will exit the marketplace. The decision sees Bet-at-home choose not to contest its recent licence suspension, sanctioned by the UK Gambling Commission (UKGC) on 7 July. The Frankfurt-listed operator had its licence placed under review by the Gambling Commission due to social responsibility and AML …
Read More »bet-at-home forecasts 2021 losses due to Austrian casino judgement
bet-at-home AG has temporarily discontinued its online casino from Austria as the DACH markets operator faces legal challenges from Austrian customers demanding reimbursement for their online casino taxes. The decision has been taken as bet-at-home continues to challenge Austria’s national gambling regime that dictates that online casino and poker be controlled by the government’s appointed concession of Casinos Austria. Notifying …
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