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RGA appeals for calm after the appointment of new culture secretary should target “stability”

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RGA appeals for calm after the appointment of new culture secretary should target “stability”Reading Time: 2 minutes

The UK’s Remote Gambling Association (RGA) has urged for a period of calm following the appointment of Jeremy Wright as the new Culture Secretary.

Former Attorney General Wright replaces Matt Hancock, who has appointed as Health Secretary after just six months in the job. He will now lead the department responsible for dealing gambling and sport, with Tracey Crouch remaining Minister for Sport, a post she has held since 2015.

Wright will have to face the heat immediately surrounding the debate about FOBTs – on the reduction of the maximum cap from £100 to £2 “to reduce the risk of gambling-related harm.” The announcement came after the completion of the Triennial Review that has involved government, the Gambling Commission and interested parties from across the gambling industry.

Speaking after Wright’s appointment, Clive Hawkswood, of the RGA, told iGamingBusiness.com: “After the protracted debate around FOBTs and the Triennial review process, I think the wider industry really needs a period of stability, so I’d suggest it could be counter-productive for anyone to rush forward with a shopping list of issues they might like him to consider.”

The Association of British Bookmakers (ABB) told iGamingBusiness.com that it hopes to work with Wright as his department implements the introduction of the FOBT maximum stake reduction, which the group has previously estimated could lead to 4000 shop closures and 21,000 job losses.

The ABB said: “We look forward to working with the new Secretary of State, Jeremy Wright QC, MP to ensure a sustainable and responsible retail betting industry.”

“Betting shops are facing a massive threat as the new maximum stake on gaming machines will result in thousands of shop closures, job losses and significant economic consequences for horse and greyhound racing. It is vital that we work with the Secretary of State and his department to mitigate these impacts where possible and ensure that betting shops remain one of the safest environments in which to gamble in the UK.”

An ABB spokesperson said: “While the implementation timeframe is a matter for the government, an appropriate timeframe would enable staff redeployment where possible, the introduction of voluntary redundancy schemes, the renegotiation of shop leases and the termination of contracts with many local suppliers in an orderly way.

“In addition software changes to the architecture of over 200 games will be made. This process will also require each game to be independently verified.”

“Those shops that survive will continue to provide a safe place to gamble with staff interaction and industry leading responsible gambling measures and to support British sport.”

 

Source: iGamingBusiness.com


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Record Loss for Russian Bookmakers In The World Cup Final

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Record Loss for Russian Bookmakers In The World Cup FinalReading Time: 1 minute

In the 2018 World Cup final, France defeated Croatia and won the world championship for the second time in its history. Deputy General Director for Trading BC “League of Stakes” Maxim Afanasyev said that the match was a record loss for Russian bookmakers.

“We recorded a record for the loss – 3.5 times more than at the Champions League final. They played all the outcomes, which were mostly put by the clients: the victory of France, the handicap (-1.5) for the French, both will score, goals in both halves, and, of course, all conceivable and inconceivable totals, ” said Mr. Afanasyev.

He also noted that the final match was probably the most record on payments in the entire bookmaker industry.

“The loss on the Russian market from one final match, according to my estimates, is about $ 100 million,” the expert believes.

In the final match of the 2018 World Cup, France defeated Croatia 4: 2.


Source: European Gaming Media Latest News

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Roundtable discussion on Romania’s current gambling issues

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Roundtable discussion on Romania's current gambling issuesReading Time: 2 minutes

The Association of Distance Gambling Organizers (Asociația Organizatorilor de Jocuri de Noroc la Distanță) and Casino Inside offered an exciting event

 

The Association of Distance Gambling Organizers (Asociația Organizatorilor de Jocuri de Noroc la Distanță), a representative association of the largest and most respected authorized gambling operators in Romania, held the first working meeting last month in the Fortuna Hall of the Intercontinental Hotel, Bucharest dedicated to the latest developments in the countries gambling regulation.

The meeting was honored by the presence of several officials:

  1.    Liliana Kleininger, Vice-President of the Competition Council
  2. Daniel Staicu, President of ONPCSB
  3. Lilian Onescu, Secretary General ANAF
  4. Rodica Tuchilă, ARB Executive Director
  5. Mihăiţă Ruiu, Director of Authorization Division, ONJN
  6. Tudor Simota, Director of Control Department, ONJN
  7. Alexandru Enăchescu, Chief Commissioner, Economic Police
  8. Dana Cristina Matache, GDPR Expert, lawyer
  9. Iulian Matache, GDPR Expert, lawyer
  10. Monica Gubernat, Member of CNA
  11. Odeta Nestor, President of ADGO
  12. Dr. Sorin Constantinescu, gambling expert

The Roundtable discussion was a good opportunity for authorities, gaming operators and media outlets to be together and to discuss and share information, ideas and opinions about the latest and upcoming trends in the industry.

“There is a need for industry to continuously participate in debates and to support authorities in improving the regulatory framework,” said Odeta Nestor, ADGO President. “We are a success story at European level, and the effects are particularly good, reflected by players’ satisfaction and the contribution of the field to Romania’s economic development,” added Nestor.

Organized in partnership with CasinoInside, the event approached subjects such as:

  • Competition in the gambling industry
  • Problems encountered by gaming operators in relation to banking institutions in our country
  • Latest Tax Changes in Gambling
  • Draft Law on the Prevention and Combating of Money Laundering and Terrorist Financing on Transposition of
  • EU Directive 2015/849 into national legislation
  • The CNA Order on Gambling Advertising
  • Implementation of the General Data Protection Regulation.

In conclusion, the event organized in June at the initiative of the Association of Distance Gaming Organizers (ADGO) was a majir success and arose from the continued need of our gaming industry to discuss and debate the stringent issues of this moment and willingness to support state authorities to improve the current regulatory framework.

The gaming industry has reached a high level of transparency and regulation precisely because of this type of events.

 

Source: casinoinside.ro


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Northern Cyprus to remove casino gambling ban on residents

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Northern Cyprus to remove casino gambling ban on residentsReading Time: 2 minutes

Northern Cyprus authorities are planning to remove a long-standing ban on its Turkish Cypriots to engage casino gambling.

Discussions are believed to have been triggered by the recent opening of a casino in the Republic of Cyprus’ city of Limassol. According to media reports, Northern Cyprus officials have expressed concerns that Turkish Cypriots could feel tempted to cross the Green Line (the United Nations Buffer Zone that separates the two parts of the island of Cyprus) and visit the new gambling venue.

While it was only last month that the Republic of Cyprus opened its first legal casino, Northern Cyprus has long been home to flashy gambling facilities.

However, residents of the northern portion of the island are prohibited from visiting and gambling at the local casinos.

Hong Kong-listed gaming and hospitality giant Melco opened late last month its temporary casino in Limassol, while a larger integrated resort is under construction in the city. The facility features 242 slot machines and 33 gaming tables. Melco said yesterday that Cyprus Casinos or C2 as the property is branded welcomed more than 34,000 unique visitors during its first three weeks of operation to beat owners’ expectations.

According to reports from Turkish Cypriot news outlet Haberal Kibrisli, Northern Cyprus Finance Ministry Serdar Denktash has revealed that discussions over the potential lifting of the casino gambling ban have been taking place.

However, in a separate rollout of reports, Kudret Ozersay, Foreign Minister of the Republic of Northern Cyprus, has denied the move on social media. The official has pointed out that there were no such plans and that there was no need for such reports to be spread around.

Mr. Ozersay further explained that instead of offering residents of Northern Cyprus a free entry into casinos, the government should introduce stricter controls at the gambling venues and stricter license conditions as well as increased taxes.

Another local news outlet, Vatan, has cited the leader of the United Cyprus Party, Izzet Izcan, saying that Turkish Cypriots should not be encouraged to gamble at casinos and that the Prime Minister of the republic should clarify the ongoing debate.

Aside from its temporary casino in Limassol, Melco is also set to open four satellite facilities across the Republic of Cyprus, with the first two of these likely to be launched by the end of the year.

 

Source: casinonewsdaily.com


Source: European Gaming Media Latest News

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