XLMedia’s little local difficulty

first_img XLMedia’s little local difficulty Topics: Finance Marketing & affiliates AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The market reaction to XLMedia’s profit warning last week reflected uncertainty over growth potential in both regulated and unregulated portions, but CEO Ory Weihs remains upbeat. By Scott LongleyIt seems to be an axiom of listed online gambling companies that investors are absolutely fine with grey market risk – until they are not.This would appear to have been proved once again by London-listed super affiliate XLMedia which saw its share price suffer a 30% reverse in mid-June off the back of a profit warning driven by “regulatory changes”.The company cited Australia, where the authorities moved in late 2017 to close the loopholes around online gaming, and also said there was “uncertainty regarding the regulatory status of certain European markets.”Investors took fright but it won’t have come as a shock to everyone. Indeed, anyone paying attention to what was going on with the marketing of online gaming in the UK and elsewhere in the past few years can’t profess to be surprised by XL’s comments.Ory Weihs, speaking to iGaming Business, pointed out the European markets in question were the UK and Germany. And the well-publicised ongoing investigations of the Competition and Markets Authority (CMA) into affiliate marketing techniques have been the primary cause of the turbulence.“Unfortunately, the interpretation of these new measures have confused the market substantially,” says Weihs. “We are now starting to see this stabilise, but while there is uncertainty around the impact of regulations there is naturally a disruption to (our) normal course, both with online gambling operators and affiliates.”He added that the issues mainly revolved around the “constant changes” to the guidance on advertising as well as “awareness” among operators of the spend on CPAs and fixed-rate campaigns. Weihs hopes for “clear advertising guidelines and tax rates” in the future.Analysts at Cenkos say volume growth has been harder to achieve while upfront payments have been less of a feature this year and this has a negative impact on short-term earnings.Germany is trickier, something that Weihs acknowledges, saying there is the “question mark around the future of online gaming”. The “ripple effect” of VAT provision issues for many of customers there is but the latest manifestation.“While there has been some short-term implication as a result of this uncertainty, we believe that in the long term, gambling will still be a main growth engine for the business including in these regions,” Weihs says.The heart of greyness This gets to the nub of the issue. In both the regulated and unregulated portions of XL Media’s gambling revenues, what the share price reaction reflects is the uncertainty over growth potential.Weihs says that XLMedia has no concerns over its long-term revenues or its sectoral (gaming) and geographical (white and grey markets) focus.But XLMedia’s trading update does highlight the changing relationship between online gambling operators and affiliates. As the statement said, the regulatory changes have “triggered a re-alignment in how operators and marketers can work, which should lead to a clearer and more functional environment.”The consolidation within the affiliate sector is another symptom of the changes that are taking place. In the re-alignment process it is the smaller affiliates that are being sidelined while the larger super affiliates grab a greater slice of operators’ affiliate spend.XLMedia has played a big part in the consolidation process – iGaming Busness counts six online-gambling focused acquisitions since 2014 – and in January the company raised $43.6m to fund further deals.However, other than an undisclosed amount laid out on buying out the WhichBingo interests in April, XL has yet to dip into that reserve, raising questions around strategy.“While we can appreciate a degree of frustration among investors following a lack of M&A after the $43m capital raise in January 2018, we believe XLM has a strong track record of completing deals and that finding the right asset is only a matter of time,” said the analyst team at Berenberg.Weihs says that other, smaller deals have also gone through since January. “In addition to these, we continue to undertake due diligence on a healthy pipeline of potential targets and see plenty of opportunities to further strengthen the business through this channel,” he adds.The business case for further affiliate M&A remains in place, as much because of the regulatory bumps as in spite of them. Cenkos pointed out that XL’s revenue-sharing agreements “in general remain unchanged”, no doubt on the basis that most operators still need the affiliate relationships.XLMedia’s investors might have displayed some understandable nervousness – no one likes a profit warning – but the case for affiliates remains strong within online gaming. Just beware the bumps in the road.Scott Longley has been a journalist since the early noughties covering personal finance, sport and gaming. He now runs his own editorial consultancy Clear Concise Media Subscribe to the iGaming newsletter Email Addresscenter_img The market reaction to XLMedia’s profit warning reflected uncertainty over growth potential in both regulated and unregulated portions but boss Ory Weihs remains upbeat Tags: Online Gambling Finance 18th June 2018 | By Stephen Carterlast_img read more

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US postpones congressional sports betting hearing

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Legal & compliance Sports betting US postpones congressional sports betting hearing US Congress has postponed next week’s hearing on sports betting, while New York legislators have failed to pass a bill in time to legalise sports wagering this year Legal & compliance Regions: US New Yorkcenter_img Email Address US Congress has postponed next week’s hearing on sports betting, while New York legislators have failed to pass a bill in time to legalise sports wagering this year. Earlier this week, it was revealed that the House Judiciary Committee had set a tentative date of June 26 for the hearing. The NFL American football league was one of a number of parties that had been invited to testify at the hearing, which was to focus last month’s Supreme Court ruling on the federal 1992 Professional and Amateur Sports Protection Act (PASPA). Both Delaware and New Jersey have since passed legislation to regulate sports betting, with other states expected to follow shortly. However, a source familiar with the hearing told ESPN that the gathering has now been delayed due to a “scheduling complication in unrelated policy areas”. The House Judiciary Committee is yet to confirm a new date for the hearing. Meanwhile, New York has missed out on regulated full sports betting for 2018 after legislators closed their session yesterday (Wednesday) without passing a new bill. Earlier this month, New York Assemblyman Gary Pretlow put forward a bill to legalise sports betting, pledging to pay a ‘royalty’ to sports leagues. However, in order to pass this year, the Assembly would have had to have voted on it before the state legislature adjourned yesterday. The bill will now be held until the next session, which is not due to take place until 2019. New York may still be able to offer limited, regulated sports betting under a law passed in 2013, according to the Legalsportsreport.com website, but widespread adoption will not take place until next year at the earliest.Related articles: US set for congressional hearing on sports betting New York set to miss out on sports betting in 2018 Subscribe to the iGaming newsletter 21st June 2018 | By contenteditorlast_img read more

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Stride Gaming prepares for £4m fine

first_img Email Address Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 26th September 2018 | By contenteditor Bingo leader expects regulator fine to be imposed before the end of 2018 Online bingo giant Stride Gaming expects to pay out up to £4m (€4.5m/$5.2m) in a fine imposed for compliance failures.The operator, which is believed to have around a 25% share of the UK’s online bingo-led casino market, lost a third of its market value last month after announcing it had been informed that the Gambling Commission intended to issue a “significant financial penalty” after reviewing how one of its brands “historically carried on its licensed activities”.In a trading update issued today (Wednesday), Stride said the board had made provision of £4m for the fine. It is expected that the final decision by the Commission on a financial penalty will be made before the end of the calendar year.Neither the company or the Commission has confirmed the name of the operator found to have erred or the nature of the accusations. The Commission told iGamingBusiness.com it would not comment until the matter reaches resolution.Stride’s brands include Kitty Bingo, Lucky Pants Bingo and online casino Spin and Win.Meanwhile, Stride said it expects to report net gaming revenue (NGR) of at least £85m and adjusted EBITDA of more than £16m when it announces its financial results for the year to August 31 next month. With trading in line with expectations, expected NGR would be up slightly on the revised £82m figure for last year, while adjusted EBITDA would be down by around 20%.The company described a “resilient performance” in the face of “challenging” trading conditions and the cost of implementing further measures related to responsible gaming.In a statement, CEO Eitan Boyd said: “I am pleased to report that the group has traded well during the second half of the year despite a number of headwinds impacting the UK online gaming market.“Our focus remains on delivering further market share growth in the UK, driven by continued product innovation and increasing player loyalty.“This is underpinned by the strength of our proprietary technology as well as our proven business analytics capabilities.“We have an excellent technology platform as well as a highly experienced team driving the Group forward, and as a result we look forward to the future with confidence.”Despite Boyd’s positivity Stride’s share price was down almost 8% on Wednesday morning, and at 90p is worth almost a third of the 266.5p year high.In a recent interview with iGamingBusiness.com, Boyd pointed towards an increasing focus on B2B partnerships via its Stride Together arm. Topics: Casino & games Legal & compliance Bingo Bingo Stride Gaming prepares for £4m finelast_img read more

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Wiggin European regulation roundup – March 2020

first_img1st April 2020 | By Stephen Carter Subscribe to the iGaming newsletter Wiggin European regulation roundup – March 2020 Email Address Bingo In conjunction with Chris Elliott and Beth French of Wiggin LLP, iGB provides a regulatory snapshot of igaming across Europe. Germany, Greece and Portugal are among those updated for this editionAUSTRIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Licences for sports betting and horse race betting are available for private operators on a regional basis within Austria, whereas poker, casino, bingo and lottery are controlled by the monopoly, Casinos Austria, which has exclusive rights until 2027. Status: The CJEU has held that the Austrian casino monopoly is incompatible with EU law in a number of cases, although national courts continue to reach conflicting decisions on the compatibility of Austria’s current gambling legislative framework with EU law and the position remains unclear.BELGIUM Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All products are available to private operators except for lotteries, which are reserved exclusively for the monopoly provider. However, online operators need to partner with a land-based licence holder in order to satisfy a local establishment requirement; alternatively, apply for one of the retail licences that can be extended to cover online. Status: There remain valid arguments that the existing regime is incompatible with Belgium’s EU Treaty obligations. Active enforcement measures against operators and players are in place. On 1 January 2019, a royal decree on the operation of games of chance partially entered into force, introducing restrictions on increases to stake limits. The rest of the provisions, which restrict gambling advertising,  entered into effect on 1 June 2019. A draft law to introduce an advertising and sponsorship ban has been submitted to parliament.BULGARIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery (excluding raffles and instant lottery games). Operator type: All products are available to private operators except for lotteries, which are to be reserved exclusively for the monopoly. Status: Any operator from an EU/EEA jurisdiction or the Swiss Confederation can apply for a licence. The Bulgarian regulator has awarded approximately 30 licences to date, including to a number of international operators. The government has adopted amendments to the country’s gambling legislation to establish a monopoly on lotteries in Bulgaria, with any existing lottery licences to be revoked with immediate effect following the amendment’s entry into force.CROATIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All products are available to private operators except for lotteries, which are reserved exclusively for the monopoly provider. Private operators can only be licensed to offer online gambling if they obtain a land-based casino or betting licence. Status: Attempts by the Ministry to update its gambling legislation have been subject to criticism in respect of EU incompatibility issues (including the requirement that only holders of land-based licences can offer online gambling). Regulatory reforms appear to have stalled in the country.CYPRUS Regulated gambling products: Sports betting, horse race betting and lottery. Operator type: OPAP has a monopoly over lottery operations; betting licences are available to private operators. Status: Cyprus regulated online betting in July 2012, although a licensing regime was not established until 2016. ISPs are obliged to implement blocking measures to prohibit Cypriot residents from accessing unlicensed gambling websites. A new betting law, which entered into force in March 2019, replaces the 2012 Betting Law. The provisions of the new law are substantially the same, with minor amends introduced to address EU incompatibility concerns under the previous law (such as the requirement to have a local branch in order to obtain a betting licence). CZECH REPUBLIC Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: EU and EEA-based operators are able to apply for licences. Status: The new gambling regulatory regime entered into force in the Czech Republic on 1 January 2017, allowing EU/EEA companies to enter the market. ISP-blocking measures are active in the jurisdiction. Tax rates reportedly increased to up to 30% of GGR for certain online gambling activities from January 2020.DENMARK Regulated gambling products: Sports betting, fantasy sports, horse race betting, poker, casino, bingo and lottery. Operator type: Licences for all gambling products are available to private operators save for lotteries, which are controlled by the state monopoly. Status: The Danish online gambling regime went live on 1 January 2012. ISP-blocking measures are active in the jurisdiction and the Danish Gaming Authority (DGA) has been granted an injunction to block operators and suppliers that have been targeting Danish customers without the requisite licence. As of 1 January 2020, licensed operators are required to ensure that customers have set deposit limits before they are allowed to gamble, although it is understood this applies to the offer of online casino only. A guide on responsible gambling detailed duties of licensed operators also entered into effect on the same date.ESTONIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Licences for all gambling products are available to private operators save for lotteries, which are reserved exclusively for the monopoly operator. Status: Operators seeking to accept business from players in Estonia must be issued an activity licence for the type of gambling they wish to offer, then an operating permit to provide the services online. A blacklist of operators is maintained and updated by local authorities and ISP and payment blocking is in force. Though some operators argue that the regime is still not compatible with EU law, no notification alleging incompatibility has been issued by the EC since the requirement for licensees to main servers in Estonia was removed.FINLAND Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All gambling products are under the exclusive control of monopoly provider Veikkaus Oy. Status: Despite the existence of a national monopoly, EC enforcement action was dropped subsequent to various changes to Finnish laws. Active enforcement measures are in place (restrictive marketing for offshore operators in particular) and the government is exploring measures to further restrict the offshore supply of gambling services. The Finnish Competition and Consumer Authority recently published a report criticising the existing regime, citing failures of the current monopolistic system that arguably raise questions over the regime’s compatibility with EU law.FRANCE Regulated gambling products: Sports betting, horse race betting, poker, bingo and lottery. Operator type: Private operators can obtain online licences for sports betting, horse race betting and poker. The monopoly has exclusive rights to bingo and lottery. Status: A regulated market since the introduction of a licensing regime in 2010, following which the EC withdrew its infringement proceedings. Ordinance 2019-1015, which was published in the French Official Journal in October 2019, amends the existing gambling legislation and establishes a new regulatory authority, L’autorité Nationale des Jeux, for land-based and online gambling. The changes, which entered into effect on 1 January 2020, are not understood to signficiantly alter the regulatory position or the scope of services that operators are permitted to offer. GERMANY Regulated gambling products: Schleswig-Holstein, a small northern-German state, regulates sports betting, horse race betting, poker, casino and bingo. The other 15 states of Germany currently permit only sports betting and horse race betting. Operator type: Private operators can no longer obtain casino licences in Schleswig-Holstein under the existing regime, although S-H has approved legislation to reinstate existing licences until 2021 (with operations allowed to continue in the interim). S-H has also introduced a quasi licensing regime for sports betting (intended to be of a transitional nature). In the other 15 states, horse race betting licences are available at a regional level. Sports betting licences can be applied for by private operators as of 1 January 2020. Status: The main legal framework for gambling regulation in Germany has been the subject of much debate and has been heavily criticised by the EC and interested parties/states within Germany for a number of years. Discussions to reform the existing legislation have resulted in the approval of the 3rd Amendment Treaty which, following ratification on 18 December 2019, entered into force on 1 January 2020. The 3rd Amendment Treaty  removes the limit on the number of sports betting licences and re-introduces a sports betting licensing process. The ban on online casino remains in place, although there is an exception to the prohibition for S-H. An increase in enforcement action is expected now the 3rd Amendment Treaty is in effect. On 12 March 2020, the German prime ministers approved the new Interstate Treaty on Gambling which proposes to  allow private operators to obtain a licence to offer online slots for the first time (although stringent restrictions, such as stake limits, are expected to be implemented). The Treaty, which is scheduled to enter into force from 1 July 2021, still needs to be ratified by state parliaments before becoming law.GREAT BRITAIN Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: All licences are available to private operators save for lottery, which is reserved exclusively for the monopoly provider, Camelot. Status: Any operator that transacts with, or advertises to, British residents requires a licence from the Gambling Commission (GC). Licensed operators are required to source gambling software from GC-licensed businesses. Licensed operators will be prohibited from allowing consumers to use credit cards to gamble (including online and land-based gambling with the exception of non-remote lotteries) from 14 April 2020. The GC is set to consider the introduction of stake limits online, with a decision to be made within the next six months.GREECE Regulated gambling products: Sports betting, horse race betting and lottery. Operator type: All products are exclusively reserved for the monopoly providers pending the implementation of an open licensing regime, although 24 transitional licences for private operators remain active, with all products permitted. Status: In 2012, a ‘transition period’ commenced, whereby the Greek government granted 24 transitional licences to operators, enabling them to keep transacting with Greek residents. Legislation, which will introduce an open licensing regime for online betting and “other online games”, including casino and poker, entered into force on 30 October 2019. The new regime is not expected to be implemented by 31 March 2020 as was originally envisaged, with“temporary” licences granted to transitional licensees due to fall away on this date. The position of such licensees following this period is unclear, but it is understood that any extension of the “temporary licences” would require some kind of legislative intervention, which is not believed to have occurred.HUNGARY Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Only the state monopolies (Szerencsejáték Zrt. and Magyar Lóversenyfogadást-Szervezo Kft) and local concession companies can apply for a licence. Status: Amendments to Hungarian gambling law came into force on 1 October 2015 and allow only two land-based casinos to hold remote casino concessions. The regulator has since issued fines, a number of which have been challenged, against unlicensed operators that continue to target the market. In June 2017, the ECJ determined Hungary’s gambling regime to be incompatible with Article 56 TFEU. A subsequent ECJ decision in February 2018 ruled against the Hungarian requirement that online gambling operators must have a land-based licence to offer online gambling services to Hungarian citizens, further strengthening arguments that the current regime is incompatible with EU law.IRELAND Regulated gambling products: Online betting regulated since August 2015. Online gaming is not specifically accounted for in Ireland’s outdated legislation and as such is currently unregulated. Operator type: Private operators can apply for a betting licence. Status: Ireland has contemplated updating its legislation, which will create a comprehensive igaming regime, for some time. The Gambling Control Bill – the legislation which promises to specifically regulate online gambling – has been subject to continued delay and legislative progress is not expected in the short to medium term.ITALY Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Fully regulated market, although lotteries are the subject of a state monopoly. Status: Remote gambling licences are granted within specific application windows. The last tender process for applications closed on 19 March 2018. AGCOM, the Italian communications regulator, recently issued its first sanction against an operator for violation of the advertising ban (introduced in 2018). New measures to combat unlicensed gambling, including payment blocking measures, entered into effect in October 2019. The 2020 Budget Law provides for the organisation of a tender for the issuance of licences by 31 December 2020 – it is understood there will be 40 licences available for online gambling.LUXEMBOURG Regulated gambling products: Lottery. Operator type: Monopoly. Status: The general prohibition on gambling appears sufficiently wide to cover all forms of online gambling.MALTA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Private operators can apply for a local licence (except for lottery products). Status: Malta has approved a new Gaming Act that replaces all existing gaming legislation with a single piece of legislation, supplemented by secondary legislation. The Gaming Act, with directives and regulations, is effective 1 August 2018.NETHERLANDS Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Monopoly for all products. Status: The Remote Gambling Bill, intended to introduce a new regime, is now expected to enter into force on 1 Janaury 2021, with a six month window for licence applications. It is understood that operators that have directly ‘targeted’ the Dutch market will face a 30-month cooling-off period before being eligible for a licence. Full implementation of a licensing regime is not expected until 1 July 2021. In the interim, the regulator is expected to continue to implement enforcement measures against operators targeting Dutch players.NORWAY Regulated gambling products: Sports betting, horse race betting and lottery. Operator type: Online gambling is reserved for the two monopoly providers, Norsk Tipping and Norsk Rikstoto. Status: The monopoly has extended its offering to include live betting, online bingo and casino games in an attempt to redirect traffic from unlicensed sites. The Norwegian regulator continues to step up enforcement efforts against unregulated operators, local banks and payment service providers. The government has proposed  legislative changes to stem the flow of gambling supply from offshore, including enhanced enforcement powers to prevent gambling advertising from abroad. Expanded payment blocking provisions entered into effect on 1 January 2020.POLAND Regulated gambling products: Sports betting, horse race betting, casino and poker. Operator type: Betting licences are available for companies with a representative in Poland. Casino and poker are reserved for a state monopoly. Status: Legislation enacted 1 January 2012 permits betting. Online gaming (including poker) is no longer prohibited as of 1 April 2017, although the exclusive rights to offer such products are reserved for a state monopoly. Provisions that provide for the establishment of a blacklist of unlicensed operators and ISP and payment blocking came into force on 1 July 2017. The blacklist contains more than 1,000 domain names. PORTUGAL Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Any EU/EEA operator can apply to be granted a licence for online gambling. Lottery games and land-based fixed-odds sports betting remain reserved for a monopoly. Status: A regulated market since 2015. Although operators can apply for licences, their Portuguese revenue streams are subject to comparatively high tax rates, particularly in sports betting. Portugal’s 2020 Budget will implement changes to the current taxation rates applicable to selected gambling products offered online.ROMANIA Regulated gambling products: Sports betting, horse race betting, casino, bingo and lottery. Operator type: Any operator from an EU/EEA jurisdiction or the Swiss Confederation can apply for a licence. Lottery games remain reserved for the monopoly. Status: The Gambling Law (as amended) introduced a legal framework for a fully regulated online gambling market and requires licences to be held by online gambling operators, as well as software providers, payment processors, affiliates and testing labs. After some delay, the secondary legislation that fully implemented the new licensing regime came into force on 26 February 2016. The gambling regulator actively polices the regime and notifies ISPs to block blacklisted websites.SLOVAKIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Private operators can apply for licences for online casino as of 1 March 2019 and for sports betting licences from 1 July 2019. Lottery and bingo remain reserved for the monopoly provider. Status: A new Gambling Law came into force on 1 March 2019. The Gambling Law allows private operators outside of Slovakia to apply for licences for sports betting and casino, although sports betting licences will not be operational until at least July 2020.SLOVENIA Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Online gambling must be operated by land-based casinos or lotteries and, as a result, only the monopoly holds online licences in Slovenia. Status: The requirement that only land-based Slovenian operators are eligible for licences is considered by certain industry stakeholders to be incompatible with EU law. Draft amendments to the Gaming Act were published in 2015, which aimed to remove the current local establishment requirement. However, the proposal does not appear to have been submitted to parliament to date.. Whether any proposed amendments will ultimately introduce an open licensing system remains unclear.SPAIN Regulated gambling products: Sports betting, horse race betting, poker, casino, bingo and lottery. Operator type: Private operators can apply for licences for all gambling products save for lottery. Status: Operators must hold a general licence and a specific licence, both issued by the National Gambling Commission, for each activity. Remote gambling licences are granted within specific application windows. The last tender process for applications closed on 18 December 2018. A draft decree on advertising and responsible gambling, proposing stringent restrictions on gambling advertising in the country, has been published. SWEDEN Regulated gambling products: Betting (including sports, horse race, pool, exchanges), casino, poker, bingo and lottery. Operator type: Licences are available for private operators. Status: As of 1 January 2019, Sweden is a fully regulated market. All gambling operators that wish to offer their services to Swedish residents will be required to obtain a licence in order to validly do so (either a ‘betting’ licence or a ‘commercial online games’ licence, depending on the product(s) being offered). Active enforcement measures are in place: the Swedish regulator has already issued a number of monetary fines to licensed operators for self-exclusion and marketing failures and recently published its first blacklist of unlicensed operators in the market.Wiggin is a law firm dedicated to supporting the media, entertainment and gaming sectors. Its market-leading betting and gaming group provides specialist legal services to an array of gambling industry stakeholders. We advise many of the world’s leading gambling operators and suppliers and also enjoy helping entrepreneurial, interactive start-up businesses. If you’d like to hear more, contact us at [email protected] by Suzy Hazelwood from Pexels Topics: Casino & games Legal & compliance Sports betting Bingo Poker Slots Tags: Card Rooms and Poker Mobile Online Gambling Slot Machines Regions: Europe AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter In conjunction with Chris Elliott and Beth French of Wiggin LLP, iGB provides a regulatory snapshot of igaming across Europe. Germany, Greece and Portugal are among those updated for this editionlast_img read more

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Afghan cricketer handed six-year ban over corruption charges

first_imgLegal & compliance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Afghan cricketer handed six-year ban over corruption charges 12th May 2020 | By contenteditor Subscribe to the iGaming newsletter The Afghanistan Cricket Board (ACB) has banned national team player Shafiqullah Shafaq from all forms of cricket for six years after he admitted to breaching the organisation’s Anti-Corruption Code.Shafaq, a wicketkeeper and right-handed batsman, accepted four charges related to the Code, in reference to the first edition of the Afghanistan Premier League T20 (APL T20) in 2018 and the 2019 Bangladesh Premier League (BPL).The first breach was in relation to Article 2.1.1 of the Code, which refers to fixing or influencing, or being party to an agreement to fix, the result, progress, conduct or any other aspect of a domestic match.Shafaq also admitted to a breach of Article 2.1.3, which relates to seeking, accepting, offering or agreeing to accept a bribe or reward to fix, contrive or influence any aspect of a domestic match.This in turn resulted in a breach of Article 2.1.4, in reference to attempting to solicit, induce, entice, persuade, encourage or intentionally facilitate a participant to breach Article 2.1.In addition, Shafaq was found in breach of Article 2.4.4, which refers to failing to disclose to the designated anti-corruption official full details of any approaches or invitations to engage in corrupt conduct.The ACB said Shafaq chose to admit the charges levied against him and agreed to the sanctions in lieu of an Anti-Corruption Tribunal hearing.Speaking about the charges, ACB senior anti-corruption manager, Sayed Anwar Shah Quraishi, said without Shafaq’s admission of guilt and full cooperation with ACU during the investigation, the ban could have been much longer.Quraishi added that Shafaq is willing to contribute to ACB anti-corruption unit (ACU) future integrity education programs to help younger players learn from his mistakes.“This is a very serious offence where a senior national player is involved in the corruption of a high-profile domestic game in APL T20 2018.” Quraishi said. “The player had also attempted but failed to get one of his teammates to engage in corruption in another high-profile game during the BPL 2019.”“It is an alert for all those players who think their illegal activities concerning the game of cricket will not be disclosed to the ACB’s ACU. Our coverage is vaster than what is perceived.”“During our educational program, we always instruct players to report each suspicious activity in order to keep the game cricket and their own careers clean of any corrupt practices.”The ban comes after Pakistan Cricket Board last month banned national team player Umar Akmal from all forms of the sport for three years after he was found to have breached its regulations related to match-fixing.center_img The Afghanistan Cricket Board (ACB) has banned national team player Shafiqullah Shafaq from all forms of cricket for six years after he admitted to breaching the organisation’s Anti-Corruption Code. Topics: Legal & compliance Sports betting Regions: Africa North Africa & Middle East Email Addresslast_img read more

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Stats Perform gains exclusive rights to LatAm football data

first_img16th June 2020 | By contenteditor Sports data specialist Stats Perform has been named the exclusive data provider for competitions organised the Confederación Sudamericana de Fútbol (Conmebol), the continental governing body for football in South America. Sports betting Stats Perform gains exclusive rights to LatAm football data AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: LATAMcenter_img Topics: Sports betting Sports data specialist Stats Perform has been named the exclusive data provider for competitions organised the Confederación Sudamericana de Fútbol (Conmebol), the continental governing body for football in South America.The muti-year agreement will see Stats Perform exclusively collect and distribute official data across the Conmebol men’s, women’s and under-20 competitions. This covers events such as the Copa America, where international teams compete for the continental title; club competition the Libertadores, and Conmebol Sudamericana, another club tournament.The deal builds on an existing partnership between Conmebol and Stats Peform, through which the suppliers holds official distribution rights to club competitions for streaming on betting services to broadcasters, sports media and for fantasy games.This new deal, Stats Perform said, would ensure fast and reliable data was available for traders and for in-play betting. “High quality soccer betting experiences rely on the fastest, most accurate game data and player statistics which are trusted and consistent, across all key channels,” Stats Perform head of rights acquisition Alex Rice said.It further strengthens the supplier’s offering, which already includes official betting and media data rights for competitions such as Spain’s La Liga, France’s Ligue 1 and Major League Soccer in the US. Email Address Subscribe to the iGaming newsletterlast_img read more

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The Phantom by Vibra Gaming

first_imgYou can download the First Look Games affiliate pack for this slot here! AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Slots Vibra Gaming proudly introduces its latest title, The Phantom Vibra Gaming invites your players to harness the guile and strength of the legendary masked hero. This 5×3, medium-volatility game invokes all the nostalgia of Lee Falk’s classic American 1930s comic strip and blends it with an edgy soundtrack. The Phantom by Vibra Gaming Slotscenter_img Game type:Video slotGo live date (expected):30 October 2020Game special features:Horse wild, free spins, skull money respin, double tap zoom on mobile devices, 2 portrait versions (classic and with paytable)Number of paylines:25Number of reels:5×3RTP% (recorded/theoretical):95.00%Variance/volatility:Medium (3/5)Number of symbols to trigger feature/bonus?3+Can feature be retriggered?YesNumber of free spins awarded?5Stacked or expanding wilds in normal play?StackedStacked or expanding wilds in feature play?StackedNumber of jackpot tiers?N/AAuto-play function?:Yes You can play the demo of this slot here! 27th October 2020 | By Aaron Noy Subscribe to the iGaming newsletter Email Addresslast_img read more

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Wyoming sports betting bill moves to Senate after initial rejection

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Wyoming sports betting bill moves to Senate after initial rejection The bill, House Bill 0133, which is set to authorize online sports betting within the state of Wyoming, was defeated in a vote last week by a 32-28 margin, but on a second attempt it passed, also by a vote of 32-28. Subscribe to the iGaming newsletter Topics: Sports betting Online sports betting Sports betting regulation Read the full story on iGB North America. The bill was introduced by representative Tom Walters. A bill to legalise online sports wagering in the state of Wyoming has finally passed the House of Representatives and moves onto the Senate after initially being voted down. Regions: US Wyoming Tags: Wyoming Sports betting 18th March 2021 | By Nosa Omoigui Email Addresslast_img read more

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World Cup champions France not best in any single aspect :…

first_img Euro 2020- Spain vs Poland Highlights: Spain held to 1-1 draw as Lewandowski’s Poland keep Euro hopes alive RELATED ARTICLESMORE FROM AUTHOR FootballLatest Sports NewsSports BusinessNewsSport Latest Sports News Euro 2020 Points table: Germany secure first win, Poland keep Euro hopes alive; Check Euro 2020 latest group standings India Tour of Sri Lanka: From books to gym, Sanju Samson shares story of his quarantine life Happy Father’s Day: Nostalgic Sachin Tendulkar shares a special item that belonged to his father; Check video By Kunal Dhyani – October 17, 2018 Cricket YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoHollywood TaleHow Victoria Principal Looks At 71 Is HeartbreakingHollywood Tale|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndo Football Tokyo Olympics Village: Organizers unveils Tokyo games athletes village to the media, check first look TAGS2018 FIFA World CupFIFAFIFA World Cup SHARE Previous articleBCCI nod to Kohli’s demand; wives, girlfriends allowed on tours: ReportNext articleBBC, ITV executives in line to replace Premier League chairman Scudamore Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Football Football Tokyo Olympics: Covid-19 scare continues after a Uganda team member tests positive Share on Facebook Tweet on Twitter Football Football Euro 2020, Switzerland vs Turkey LIVE: Switzerland to punish hapless Turkey; Follow Live Updates, Follow Live update Latest Sports News Cricket Euro 2020 Top Scorers: Ronaldo joins Patrik Schick at top, Lukaku remains second; Check who is leading the Euro 2020 Golden Boot race World Cup champions France not best in any single aspect : FIFA Report Football France are the champions of the FIFA World Cup 2018 Russia. Except for winning the maximum number of matches, including the final, Didier Deschamp’s team has not been the leader in any single aspect of the game. The other finalists, Croatia too don’t top in any single aspect of the games, reveals the report by the FIFA Technical Study Group for the FIFA World Cup in Russia.Believe it or not, Spain topped the table for the average ball possession and passes and success, 69% and 81% respectively as against 48% and 70% for champions France, but failed to reach even the quarter-finals. Germany, who made bypassed the opponents for maximum number of times (404) and made the most entries in the penalty area (61), too failed to make it to the last eight stage. Facebook Twitter Euro 2020 LIVE broadcast in more than 200 countries, check how you can watch Live Streaming of EURO 2020 in your country by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeCapital One ShoppingThis hack can uncover JOANN discounts you don’t know aboutCapital One ShoppingUndoGrammarlyAdvertisement Avoid Grammatical Errors with This Helpful Browser ExtensionGrammarlyUndo247 Sports50 Best College Football Players Of All Time247 SportsUndoThe details are revealed in the 2018 FIFA World Cup Russia Report, published by the FIFA’s Technical Study Group (TSG). The study includes comprehensive statistics on the tournament and each individual match, team profiles and exclusive video footage to support the analysis.The TSG at Russia 2018 was headed by Carlos Alberto Parreira, who was joined by Marco van Basten (FIFA’s Chief Technical Development Officer), Emmanuel Amunike, Bora Milutinović, Andy Roxburgh and Pascal Zuberbühler, a Goalkeeping Specialist in FIFA’s Technical Development Division. It was overseen by FIFA’s Coaching & Player Development Department, which is led by Branimir Ujević.The key findings in the report include:> The team with the most average ball possession per match, Spain (69%), failed to progress from the round of 16, while champions France were 19th in the overall possession ranking.>Serbia were the hardest-running team at the tournament, covering an average of 113 km per game. By contrast, France were 28th in this respect, averaging 101 km per match.> Shooting efficiency from outside the penalty area improved dramatically: the average strike rate was a goal per 29 long-range attempts, compared to one in 42 at Brazil 2014.> At the 2018 FIFA World Cup, one in every 29 corners led to a goal, whereas the figure was 61 at South Africa 2010 and 36 at Brazil 2014. This trend of superior effectiveness continued through the knockout stage in Russia, where teams scored from one in every 31 corners compared to every 41 in Brazil.> We saw less of the so-called playmakers at this World Cup, perhaps as a result of the way teams played. However, there were still some outstanding individuals in this area. Paul Pogba of France excelled, but Luka Modrić stole the show.“As mentioned during the recent FIFA Football Conference in London, this is a new approach to the TSG report, which is a modern working tool providing relevant insight into where the game is going. It’s also another example of how FIFA is using technology to enhance football analysis,” said FIFA Deputy Secretary General (Football) Zvonimir Boban.“France were worthy winners. Under the steady stewardship of Didier Deschamps, who had a clear and precise vision of how to make the most of the players at his disposal and go all the way, they were the most settled and assured performers overall,” said Boban in the report forward. Euro 2020, Switzerland vs Turkey: Top 5 players to watch out for in SUI vs TURlast_img read more

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Premier league LIVE: Sheffield United vs Manchester City Head to Head…

first_img Euro 2020, Switzerland vs Turkey: Top 5 players to watch out for in SUI vs TUR Manchester CityTotal Games won Manchester City– 5Total Games lost Manchester City– 0Total Games draw Manchester City– 3 Premier League Live: Sheffield United vs Manchester City Head to Head HistorySheffield United vs Manchester City Total Matches –  8Sheffield UnitedTotal Games won Sheffield United – 0Total Games lost Sheffield United – 5Total Games draw Sheffield United – 3 Share on Facebook Tweet on Twitter ATP Tour Euro 2020, North Macedonia vs Netherlands: Top 5 players to watch out for in MKD vs NED Premier League 2020-21 LIVE between Sheffield United vs Manchester City LIVE, Here some details related Sheffield United vs Manchester City teams news, broadcast details and Timing in India.Premier League 2020-21 Match DetailsMatch – Sheffield United vs Manchester CityDate –  Oct 31 2020Time – 6:00 PM (IST) F1 French GP 2021: Max Verstappen pips Lewis Hamilton to win French GP, Perez finishes 3rd Queens Club Final: Matteo Berrettini beats Cameron Norrie in final to win title by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGeorgetown UniversityLearn from Anywhere This Summer with Georgetown’s Online Summer CoursesGeorgetown University247 SportsThe Highest-Paid College Football Coaches In 2020, Ranked247 SportsIPL 2020: Bad news for Sunrisers Hyderabad’s Jonny BairstowLast matches of MANCHESTER CITY:2020-10-24 WEST HAM – MANCHESTER CITY 1-12020-10-17 MANCHESTER CITY – ARSENAL 1-02020-10-03 LEEDS – MANCHESTER CITY 1-12020-09-27 MANCHESTER CITY – LEICESTER 2-52020-09-21 WOLVES – MANCHESTER CITY 1-3Match Facts: SHEFFIELD UNITEDSHEFFIELD UNITED has scored at least one goal in the last 3 matches.SHEFFIELD UNITED was not able to win one out of the last 3 home matches.Match Facts: MANCHESTER CITYMANCHESTER CITY is unbeaten for 3 matches.MANCHESTER CITY is unbeaten for 3 away matches.MANCHESTER CITY has scored at least one goal in the last 5 matches.MANCHESTER CITY has scored at least one goal in the last 3 away matches.MANCHESTER CITY was not able to win one out of the last 2 away matches.Head-to-Head (H2H):2020-01-21 SHEFFIELD UNITED – MANCHESTER CITY 0-12019-12-29 MANCHESTER CITY – SHEFFIELD UNITED 2-02006-12-26 SHEFFIELD UNITED – MANCHESTER CITY 0-12006-10-14 MANCHESTER CITY – SHEFFIELD UNITED 0-0 TAGSPremier League datesPremier League LiveSheffield United vs Manchester City Fixture and ScheduleSheffield United vs Manchester City Head to Head StatisticsSheffield United vs Manchester City latest points tableSheffield United vs Manchester City LIVE Streaming LinkSheffield United vs Manchester City resultsSheffield United vs Manchester City teams stats up SHARE YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredFreight & Shipping Quotes | Search AdsResearch & Compare Freight & Shipping QuotesEnjoy Affordable Freight & Shipping Services With These Service ProvidersFreight & Shipping Quotes | Search Ads|SponsoredSponsoredDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatter|SponsoredSponsoredPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsored Football Football Football Last matches of SHEFFIELD UNITED:2020-10-24 LIVERPOOL – SHEFFIELD UNITED 2-12020-10-18 SHEFFIELD UNITED – FULHAM 1-12020-10-04 ARSENAL – SHEFFIELD UNITED 2-12020-09-27 SHEFFIELD UNITED – LEEDS 0-12020-09-21 ASTON VILLA – SHEFFIELD UNITED 1-02020-09-14 SHEFFIELD UNITED – WOLVES 0-2 Euro 2020, Switzerland vs Turkey LIVE: Switzerland to punish hapless Turkey; Follow Live Updates Football Football Where to watch the Premier League 2020-21 Live in IndiaThe broadcast rights for the Premier League in India are owned by Star Sports.The network will telecast the matches on Star Sports 1, Star Sports Select 1 and Star Sports Select 1 HD. They will also be live-streamed on Disney+Hotstar VIP.Click here for Watch Livehttps://www.hotstar.com/in/sports/football Football By Kunal Dhyani – October 31, 2020 Euro 2020 LIVE broadcast in more than 200 countries, check how you can watch Live Streaming of EURO 2020 in your country Formula 1 Premier league LIVE: Sheffield United vs Manchester City Head to Head Statistics, Premier League dates, LIVE Streaming Link, teams stats up, results, latest points table, Fixture and Schedule Euro 2020, Italy vs Wales: 3 key battles to watch out for in ITA vs WAL Football Facebook Twitter Euro 2020: Didier Deschamps offers Ousmane Dembele update ahead of Portugal match RELATED ARTICLESMORE FROM AUTHOR Previous articleSasha Banks vs Bayley WWE Smackdown Championship match announced for next week’s Friday Night SmackDownNext articleIPL 2020 KKR vs RR: Race for final four will go down to the wire, reckons Ben Stokes Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. FootballEnglish Premier LeagueSportSport News Football Euro 2020, Italy vs Wales LIVE: Verratti returns for Italy, Ampadu starts for Wales, check full line-ups; Follow Live Updates, Euro 2020, Italy vs Wales LIVE: Gareth Bale issues warning for Italy ahead of crucial fixture – Follow Live Updateslast_img read more

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