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Casino.se Interview BOS Secretary General on the Future of Swedish Gambling

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Casino.se Interview BOS Secretary General on the Future of Swedish GamblingReading Time: 1 minute

 

Gustaf Hoffstedt talks to Casino.se, one of Swedens largest online casino review sites, about the impact of new legislation on players

Sweden’s online gambling monopoly is set to undergo massive changes when legislation aimed at tackling unregulated online gambling goes into effect on January 1, 2019.

In store is a new licensing system meant to provide stronger protections for players, while essentially closing the country’s doors to unregulated and unlicensed gambling websites.

The state will also be able to “introduce a central self-exclusion system for players with gambling problems and addiction,” Gustaf Hoffstedt, BOS Secretary General, told online casino review site Casino.se in an exclusive interview this week.

While satisfied with the legislation’s current wording, Hoffstedt did admit work still needs to be done to benefit Swedish casino players. “Bonus rules need work in that the upcoming licensing scheme prohibits loyalty (VIP bonuses), and instead promotes offers for new account holders.”

Hoffstedt also predicted the consolidation of several gambling operators as of January 1st, and said he believes major sporting teams would likely take advantage of new sponsorship opportunities with gambling websites in Sweden.

For more information, read the full interview with Gustaf Hoffstedt.

 

About Casino.se: 

Casino.se was created and launched in 2004 as an in-depth casino magazine for people who love to play.  Since then, Casino.se has grown into one of Sweden’s largest online casino review websites, with more than 250 in-depth reviews and casino-related articles. Casino.se – We Know Casino!

About Gustaf Hoffstedt: 

Gustaf Hoffstedt has been General Secretary of the BOS (Industry Association for Online Games) since January 2015, and was previously a Member of Parliament (2010-2015). He has been actively advocating for the transition of the Swedish gambling market from a State monopoly, to a liberal regulated market.

 


Source: European Gaming Media

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Mobile Betting Bill Fails to Progress Through New York Assembly

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Senator Joseph Addabbo’s mobile betting bill has failed to progress through the New York Assembly. The legislative session saw S17 fail to progress beyond the Assembly Standing Committee on Codes.

Addabbo tweeted that he saw no clear reason why the state could not implement mobile sports betting in 2019. Failure to do so would see the state miss out on around $75m in revenue, funding for education, and both job creation and retention.

“NY will be stuck like a disabled car on the shoulder, while we allow an illegal sports betting business in our state thrive and idly watch other neighboring states pass us up with enormous revenue gains from mobile sports betting,” Addabbo said.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Mobile Betting Bill Fails to Progress Through New York Assembly

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Eldorado Resorts to Buy Caesars Entertainment Corp

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Eldorado Resorts to Buy Caesars Entertainment CorpReading Time: 1 minute

 

Eldorado Resorts Inc., the US based casino operator, has agreed to merge with Caesars Entertainment Corp through a $17.3 billion cash and stock deal.

The deal, which is expected to be announced soon, values Caesars at close to $13 a share. The combined company’s ownership would be split roughly between Eldorado and Caesars shareholders.

An Eldorado spokesman said the company did not comment on rumours or speculation. Caesars did not immediately respond to requests for comment.

The combination of the two companies would create a serious competitor to larger casino industry players, such as Las Vegas Sands Corp, Wynn Resorts Ltd and MGM Resorts International.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Eldorado Resorts to Buy Caesars Entertainment Corp

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Nagasaki Governor Reaffirms His Support for Sasebo IR Bid

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Nagasaki Governor Reaffirms His Support for Sasebo IR BidReading Time: 1 minute

 

Nagasaki Governor Hodo Nakamura has reaffirmed his support for the Sasebo IR bid and urged the national government not to delay too much in issuing its IR regulations and establishing the national regulatory framework.

While Sasebo’s bid is not linked to a specific timeline, the local government does wish to move forward quickly, especially now that other competing bids could emerge from the Kyushu region.

In related news, Nagasaki IR Business Connect Seminar is going to be held with the participation of international operators and investment groups.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Nagasaki Governor Reaffirms His Support for Sasebo IR Bid

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