iGaming Industry
Gaming in Holland News
Read the latest in Dutch and international gaming news.
Fire Destroys Holland Casino Groningen
Early Sunday morning, a devastating fire completely destroyed the Holland Casino branch in the Dutch city of Groningen.
“It is a black day for Holland Casino Groningen,” a company spokesperson said. “Fortunately, there were no casualties and all alarm systems worked as intended. Thanks to the quick response of the emergency services, more destruction was prevented.”
As of yet, it is unclear how much cash money, if any, was destroyed in the fire.
The casino operator has already announced it will be looking for a new location in the city. In the mean time, some of the staff that is employed in Groningen will be transferred to the nearest Holland Casino branch in Leeuwarden.
The Groningen branch of Holland Casino, which opened in 1988, has had an eventful history.
Bookmakers Win Big on Mayweather-McGregor Fight
Bookmakers won big in the early hours of Sunday morning as Floyd Mayweather outclassed Conor McGregor, despite around 80% of punters backing the Irishman to pull off the upset.
A Kindred Group spokesperson stated the fight entered the firm’s top 10 highest ever events in terms of turnover.
Paddy Power’s Lee Price said: “It was the biggest betting event of the year.”
Betway’s Head of PR Alan Alger commented on the event: “The bet count throughout Saturday was similar to if a major football final was taking place that evening.”
“Some of the early rounds for McGregor had liabilities that would have produced a record loss on any market we’ve ever offered. Thankfully, in the end, we couldn’t have picked a better outcome. It was one of the busiest and most profitable events in the history of the company.”
Regulatory Uncertainty Could Drive Further UK Gambling Industry Consolidation
British gambling groups could be preparing for a fresh round of consolidation as the industry braces itself for further regulatory crackdowns from UK authorities, The Financial Times observed in response to the failed merger talks between GVC Holdings and Ladbrokes Coral.
Online gambling group GVC Holdings approached Ladbrokes Coral in recent weeks with a takeover offer worth as much as £3.6bn to create one of the world’s largest betting companies. However, the UK government’s prospective review of FOBT wagering, made it hard for GVC to make a straight-up offer for Ladbrokes Coral.
Upcoming Events
The following upcoming events may be of interest to members of the GiH community.
- On 12 September, the World Regulatory Briefing London 2017 will take place at the OXO2 conference center. WrB London 2017 will focus on responsible gambling politics, technology, and commercial strategy. The event’s latest agenda is available here. UK Gambling Commission Executive Director Tim Miller previews his appearance at WrB Responsible Gambling Innovation here.
- SBC Events’ Betting on Sports Conference is set to take place on 12-15 September at the Olympia Conference Center in London. The conference will feature an impressive 165 speakers across 44 sessions and focuses on everything related to sports and betting, including leadership, legislation, marketing, innovation, and “super affiliates.” Members of the GiH community are offered a 25% discount if they use the promotional code GIH25 when registering.
- Eurocoin Gaming is organizing two invitation-only open days on 14 and 15 September at its headquarters in Waalwijk, the Netherlands.
- On 24 November, Malta’s largest iGaming conference SIGMA’17 will feature a session on regulatory developments in the Netherlands, moderated by GiH founder Willem van Oort. Conference registration is open. Gaming in Holland and Leaseweb invite SIGMA’17 attendees to join us for drinks – including Dutch beers – on Thursday, 23 November 2017, starting at 7:30 pm. Places are limited, so please reserve your place today by registering here.
- Registration for the 2017 Excellence in Gaming conference, which will be taking place 30 October-1 November 2017 in Berlin, is now open.
Mounting Concerns over UK Problem Gambling Rates
Last week, the UK Gambling Commission published the comprehensive survey Gambling Behaviour in Great Britain 2015.
Notwithstanding some alarmist messages in the UK media, problem and at-risk gambling rates had remained essentially flat (p. 52):
“Looking at problem and at-risk gambling, rates were similar to those published in 2012. In 2015, approximately 0.8% of adults in Great Britain were estimated to be problem gamblers (according to either screen) and a further 3.9% were either low or moderate risk gamblers according to the PGSI. Taken together, this means that one in twenty adults (5%) experienced some difficulty with gambling in the past year; the same as observed in 2012.”
Nonetheless, the UK Gambling Commission (UKGC) has said that the industry must do more to tackle issues related to problem gambling. “Whilst overall problem gambling rates in Britain have remained statistically stable, our research suggests that in excess of two million people are at-risk or classed as problem gamblers, with very many more impacted by the wider consequences of gambling-related harm,” Tim Miller, executive director of the UKGC stated.
In response, Labour MP Carolyn Harris has been calling for maximum stakes for online gambling: “Non-problem gamblers wager £14 when they bet, whereas problem gamblers bet an average of £98. On this basis, a huge proportion of revenue is derived from problem gambling. This is unsustainable, so the government must look at the maximum stakes online once they finally reduce the maximum stake to £2 on FOBTs in October.”
Other News
“The Netherlands Gaming Authority has never tolerated illegal online gambling,” the regulator’s CEO Marja Appelman emphatically stressed in a recent interview.
Peter-Paul de Goeij, MD of recent licensee Lottovate, discusses his company’s experiences with the Netherlands Gaming Authority, as well as the planned roll-out of a new lottery product in the Netherlands.
Sportech, holder of the sole Dutch tote betting license, reported year-on-year growth across a number of key financials for the six months to June 30.
Four Dutch players who were suspected of being involved with match-fixing have been cleared by the Finnish football association.
Lead generation company Catena Media, which recently ran afoul of the Dutch gaming regulator, has been approved for listing on Nasdaq Stockholm.
Holland Casino is looking to hire a Senior Communications Advisor.
Austria’s government has proposed allowing internet service providers to block the domains of websites deemed to be breaking local laws, a category that could include internationally licensed online gambling sites.
Worldwide gambling software services supplier Playtech has announced a higher-than-expected 25% rise in its year-on-year profits for the first six months of 2017. An earnings call transcript with Playtech CEO Mor Weizer is available here.
Cherry AB has reported a 241% jump in online revenues in Q2 to SEK437m, thanks largely to the acquisition of operator ComeOn in 2016.
Bet365 has acquired the bankrupt data technology firm Bash Technologies.
Mobile-first operator LeoVegas has entered into a partnership with the German Handball Bundesliga top-tier club competition.
Betway will sponsor the ESL Pro League, which the longest running in professional CS:GO, for another season.
Following Season 1 and a successful launch in China, the Global Poker League, a team-based poker competition, now sets its sights on India.
…
The post Gaming in Holland News appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.
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.
Bradley Khoury
eCOGRA Approved to Operate in Arizona, Indiana and Panama
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
BetConstruct to Showcase Latest Innovations at G2E Las Vegas 2024
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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