Tag Archives: switzerland

bet-at-home maintains 2020 outlook despite dire opening 

DACH markets betting group bet-at-home AG has recorded double-digit declines across all topline metrics, publishing its Q1 2020 trading update.    The Frankfurt Xetra bookmaker detailed that tough Q1 trading was compounded by the abrupt postponement of European sports and continued wagering declines recorded in Poland and Switzerland. Dealing with multiple headwinds, bet-at-home saw Q1 2020 wagering volumes drop by 18% …

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Malta MGA follows UKGC lead suspending Stakers.com

The Malta Gaming Authority (MGA) follows the UK Gambling Commission (UKGC) in suspending the B2C licence of incumbent Stakers Limited, operator of Stakers.com Issuing a statement on 10 March, the MGA declared an immediate ‘enforced suspension’ of Stakers licence, prohibiting the operator from servicing any wagering activities under its jurisdiction. “Stakers Limited is thus no longer authorised to carry out …

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Austrian tax settlement overshadows bet-at-home’s growth momentum

Publishing its Q3 2019 trading update (period ending 30 September) Frankfurt Xetra-listed bookmaker bet-at-home AG reports continued strong commercial momentum, despite the company booking an €11.5 million Austrian tax charge. Updating investors, bet-at-home reports 2.5% increase year-to-date betting and gaming revenues of €107 million (YTD2018: €104m). The operator highlights that it has been able to maintain its YTD wagering capacity …

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Paf becomes Grand Casino Luzern’s ‘technical partner’ for Swiss opening

The governance of Paf has disclosed that the Åland Islands-based gaming operator will act as ‘lead technology partner’ for Grand Casino Luzern, as Switzerland initiates its new online casino regime. This June the Swiss Federal Council, approved an initial four online casino permits awarded to local operators – Grand Casino Baden, Grand Casino Luzern, Casino Davos and Swiss Casinos Pfäffikon. July …

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Matt Harrod: Processing.com – Brexit… What are the industry’s divorce proceedings?

With Brexit factors and implications on the minds of all UK business stakeholders, Matt Harrod, VP of Europe at Processing.com examines whether interchange rates and PSD3 are the least of the gaming/betting industries worries… ___________________ Everyone should probably be aware by now that the UK is due to leave the European Union at 11pm on Friday 29th March 2019, deal or …

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Kambi hails World Cup and SCOTUS in latest interim report

Sports betting technology and software supplier Kambi Group Plc has reported a strong financial performance in the group’s Q2 2018 interim report. Year-on-year revenues have shown a 25 per cent growth for the second quarter of 2018, reaching €17.6m (15.65m) from the previous years €14.1m (£12.54m), aiding a 20 per cent H1 jump from €28.3m (£25.1m) to €34m (£30.2m). Addressing …

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It’s Complicated! Swiss face long road to gambling coherence

Swiss legal expert Dr Simon Planzer, Partner of Planzer Law has detailed that Switzerland faces a long and complex road towards developing any type of coherent online gambling framework. Speaking at the iGB Live Amsterdam conference, Planzer has detailed that despite Swiss Parliament approving the mandate of ‘Money Gaming Act – MGA’ in 2017, the application of new online gambling …

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Oddschecker’s World Cup story thus far

Copyright: donfiore / 123RF Stock Photo

The business end of the World Cup is well and truly underway, with one slip in the knockout rounds holding the possibility between crucial progression and a disappointing flight home. As everyone’s gaze focuses straight ahead however, Oddschecker have been busy looking back at the last fortnight of football, which saw an exciting group stage of 48 games have 122 …

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Swiss referendum moves to ban remote online gambling websites

Copyright: nazlisart / 123RF Stock Photo

Foreign gambling sites are to be banned in Switzerland, after Swiss citizens overwhelmingly backed a new gambling law, replacing the 1923 Lotteries and Betting Act and the 1998 Gambling Act, in yesterday’s (Sunday June 10) referendum. Set to come into effect from the start of 2019, the new gambling act won a 72.9 per cent majority approvement, despite the relatively …

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Net Gaming Group sees DACH for the future

The potential of the Germany betting market has seen another affiliate firm try and position itself as a key gateway for player acquisition. Affiliate operator Net Gaming Europe AB has invested up to €3.5m euro with the ‘strategic acquisition’ of affiliate assets, primarily in the DACH region (Germany, Austria and Switzerland) from Webwiser Gmbh. Known for its comparison websites within …

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