iGaming Industry
Gaming In Holland News-August 2017
The latest in Dutch and international gaming news.
Netherlands Gaming Authority Issues Cease and Desist Order to Catena Media
Yesterday, the Netherlands Gaming Authority announced that it has issued a cease and desist order to Malta-based iGaming lead generation company Catena Media.
The regulator found that Catena Media was actively promoting the services of online gaming operators, including ComeOn, to a Dutch audience through various websites, such as netentcasino.nl, gokoverzicht.com, and spellenoverzicht.com.
The Gaming Authority further decided to impose a daily penalty payment of €1500, up to a maximum of €21,000, if Catena Media would fail to comply with its cease and desist order.
As of now, the aforementioned websites appear to be no longer accessible from the Netherlands.
Europe Generates Almost 50% of All Online & Mobile Gambling Revenue
When it comes to online and mobile gambling, Europe is way ahead of other geographic regions, the Financial Times outlined on Saturday. UK operators have benefited most:
“Firms based in the UK have long benefited from not being as tightly regulated as elsewhere in the world. In some countries, such as China and India, bans on online gambling have pushed the practice underground, creating multibillion-dollar black markets for wagers. Other major markets, such as Germany, enforce strict restrictions.”
In the same FT article, Paddy Power Betfair’s outgoing CEO Breon Corcoran remarked that his company has no intention to re-enter grey markets (such as – currently – the Netherlands). “Ultimately, there is a question about sustainability in grey markets,” Corcoran said.
Updated Swedish Gaming Legislation Could Take Effect in 2019
“A new framework for the gaming industry in Sweden has been introduced and it could soon end the iGaming monopoly under the control of Svenska Spel. The updated legislation could take effect by 2019 modifying the current regime, although legislators are set to carry out further debates on the issue,” Focus Gaming News reports.
Former Swedish gambling regulator, Hakan Hallstedt, has recommended that online gambling operators pay an 18% tax on their gross gaming revenue. An estimated 90% percent of the Swedish online market would then be licensed and generating taxes from gambling.
Janshen-Hahnraths Group Posts 4.4% Increase in Revenues in 2016
The Janshen-Hahnraths Group, owner of 42 Fair Play arcade halls in the Netherlands, announced yesterday that its annual revenues increased 4.4% to €77m. Earnings before taxes amounted to €1.7m.
In order to safeguard its position in a Dutch market that is expected to go through some major changes, including the opening of the online market and the privatization of Holland Casino, the group made significant investments in the development of an online presence, as well as more frequent and generous jackpot payouts.
“We are happy with our financial results,” Janshen-Hahnraths’ CEO Jan Schiffelers said. “Last year’s lower profits are the result of a deliberate strategic choice to prioritize investments that are vital to the long-term viability of the Group. Moreover, we have opted to to draw the necessary funds from our cash flow, rather than external financing.”
Other News
Despite strict enforcement by the Netherlands Gaming Authority, online casino operators still find ways to advertise their services to a Dutch audience.
Holland Casino has released an official video to announce the World Series of Poker’s circuit stop in Rotterdam.
Holland Casino is looking to hire a financial accountant.
The Sportech Racing and Digital division of Sportech, holder of the single Dutch tote betting license, has agreed to provide pari-mutuel betting technologies and services to Dansk Hestevæddeløb ApS (DHV), the joint operating company for horseracing and operator of all racecourses in Denmark.
US casinos are warning that they are not sufficiently marijuana friendly.
The global lottery sector got off to a “modest start” in 2017, with reporting lotteries eking out a first-quarter on first-quarter aggregate increase in sales of 0.9%, new data from the World Lottery Association (WLA) indicates.
The Malta Gaming Authority is aiming to roll out a regulatory framework for blockchain technology by Q1 2018.
Portugal has announced the issuance of its eighth online gambling license to Estoril Sol to offer online sports betting services. The operator was already in possession of a Portuguese online casino license.
PokerStars parent company The Stars Group reported a 7.9% constant currency rise in Q2 revenues to $303.5m, with soaring casino revenues overcoming a significant decline in poker revenues. Revenue diversification reached a significant milestone last quarter, with non-poker revenue representing one-third of the company’s total revenue for the first time.
Shortly after Google opted to drop a long-standing ban on gambling and betting apps in its app store, Sporting Index has become the first company to launch a sports spread betting mobile application on Google Play.
Targeting hundreds of millions of Metal fans worldwide and having already partnered with some of the genre’s major stars, Metal Casino is to launch the world’s first gaming site for hard rock enthusiasts.
Paysafe, which owns Skrill, Neteller and Paysafecard, reported revenues of $538.7m (€458.5m) in the first half of this year, up 11% from $486.7m in the opening six months of last year.
Betsafe has signed UFC star Conor McGregor as an EU ambassador, ahead of the Irishman’s upcoming fight with Floyd Mayweather.
Slot machine maker Aristocrat Leisure has acquired Israeli social gaming company Plarium Global Ltd, reinforcing the Australian company’s status as a technology business.
Maine has become the 15th US state to legalize paid-for daily fantasy sports (DFS) contests.
A lucky punter in Las Vegas took home an $11.8m slot machine jackpot after wagering a mere $3.
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Source: EEGaming.
Alejandro Navarro
Betski Secures $345,000 in Pre-Seed Funding for First-ever Tokenized Casino Ownership Platform
Betski is set to launch its online casino ownership platform in Q1 of 2025, enabling users to earn casino profits through digital tokens. The system will allow anyone to receive a share of casino earnings without managing casino operations, marking a new chapter in the multi-billion-dollar iGaming industry. Supported by a $345,000 pre-seed funding round, the platform aims to democratize access to casino earnings and reshape the multi-billion-dollar gaming industry.
Opening Casino Ownership to Everyone
The platform’s tokenization system reshapes traditional casino business rules through an automatic profit-sharing program. Token holders receive a percentage of every bet placed on the platform.
This system eliminates steep entry costs, such as operational expenses, licensing fees, and administrative management. Users can start earning returns without previous casino experience or large capital investments.
“A small group have exclusively enjoyed casino industry profits until now. Our platform opens these earnings to everyone through our tokenized profit-sharing system, turning users into online casino owners,” said Alejandro Navarro, founder and CEO of Betski.
Direct Profit-Sharing Through Tokens
Through a verified digital system, the ownership program distributes Gross Gaming Revenue (GGR) among token holders. Investors have recognized this potential, contributing $345,000 in pre-seed funding that combines gaming entertainment with digital asset ownership. The platform maintains strict security protocols and automated distribution systems for reliable profit sharing.
“The platform distributes real money to token holders from every bet placed by players. This creates a steady income stream for online casino owners – something the traditional casino structure has never offered,” said Navarro.
Global Growth of Online Casino Ownership
The platform has attracted 2400 active Discord members and over 20,000 followers on X (formerly Twitter). These early adopters are expected to participate in test runs of the profit-sharing system once it goes live. Over the next 24 months, the platform will roll out first in Latin America, followed by expansion into European and select Asian markets.
Betski offers casino games, live casino experiences, eSports betting, global lotteries, fantasy sports, and traditional sportsbooks. This variety creates multiple revenue streams for online casino owners. Players can access all gaming options through a single interface, which streamlines the betting experience and maximizes potential returns for token holders.
The team has partnered with major payment processors and marketing agencies to support the platform’s global expansion. These collaborations will facilitate smooth transactions and user acquisition across different regions. The platform meets all regulatory requirements in its target markets, certifying long-term stability for token holders.
New Opportunities for Investment
Following the successful pre-seed round, Betski is now opening its seed funding round to welcome additional participants into its casino ownership platform. This investment opportunity enables individuals and entities to join the platform’s growth journey ahead of its official launch in Q1 2025.
eCOGRA, a leading international authority in Testing, Inspection and Certification services for the iGaming industry, has secured new regulatory approvals across three key jurisdictions: Arizona, Indiana and Panama. With these developments, eCOGRA strengthens its position in the U.S. and Latin American markets, offering excellence in compliance through their Quality, Speed, and Service promise.
This strategic expansion allows eCOGRA to conduct independent compliance audits and certification services in each region, addressing the growing demand for rigorous regulatory oversight in the fast-evolving global iGaming industry.
Securing approval in Arizona, where eCOGRA has now been licensed as an Event Wagering Ancillary Supplier, enables the International Testing Laboratory (ITL) to audit event wagering licensees in line with Arizona’s expanding regulatory landscape. Indiana, which introduced online sports betting in September 2019, has authorised eCOGRA to perform regulatory compliance audits, providing licensed operators with crucial assurance in meeting the state’s high standards.
In Panama, the Board of Gaming Control officially recognised eCOGRA as an Authorised Entity for Compliance Certification, specifically for slot machines and gaming software. This endorsement reinforces eCOGRA’s role as a trusted partner for operators seeking to meet stringent regulatory requirements in Latin America’s emerging iGaming sector.
“Our recent approvals in Indiana, Arizona, and Panama underline our dedication to continually expand our offering, to support our growing portfolio of clients with their global growth plans. We are committed to ensuring that we bring the same quality, speed and service that marks us out to both our clients and regulators in these dynamic markets,” said Will Shuckburgh, Group CEO of eCOGRA.
Bradley Khoury, Chief Technology Officer at eCOGRA, said: “Securing licensure as an Event Wagering Ancillary Supplier in Arizona and an Authorised Entity in Panama underscores our dedication to supporting responsible and sustainable iGaming operations. We are committed to driving trust and accountability within the industry by providing compliance solutions that uphold the highest standards.”
BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.
As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.
Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.
BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.
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