Las Vegas concerns hit gambling stocks

first_imgCasino & games Tags: Online Gambling Email Address Regions: China US Macau Las Vegas concerns hit gambling stocks Topics: Casino & games Finance Sports betting Caesars CFO hints at “softening” demand in US gambling mecca 2nd August 2018 | By contenteditor Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Shares in major US gaming companies are down today after concerns were raised about casino performance in Las Vegas and Macau.Caesars Entertainment, MGM Resorts and Scientific Games have each released their Q2 results over the last 24 hours following what has been a dramatic few months for the US gambling industry. All three have seen their share price fall, as have a number of other US operators that have not released any news.Analysts were concerned by comments made by Caesars’ chief financial officer Eric Hession during an investors call about demand in Las Vegas. Meanwhile, in a double whammy, Macau’s casinos missed analyst targets of 11.5% growth in July, registering only 10.3%.Caesars actually outperformed expectations in Q2, with revenue of $2.12bn (€1.83bn) versus the consensus estimate of $2.1bn. Net income improved markedly, with chief executive Mark Frissora describing “solid second quarter results, led by strong gaming and hospitality performance in Las Vegas”.However, Hession later told investors that demand in July and August “saw some softening” causing Caesars “to be cautious about how we provide guidance.” Hession added it was “correct” to say Caesars was looking at Q3 results less optimistically than it did the three months to the end of June.Investors pulled their money out of Caesars, with the company’s share price falling by almost a quarter before rallying.MGM, which became the official betting partner of the NBA basketball league earlier this week, cited “future growth opportunities” in US sports betting and Japanese integrated resorts, however it missed analysts’ performance predictions in Q2.Revenue was $2.86bn compared to $2.65bn, but some were expecting as much as $2.96bn. Net income attributable to MGM Resorts of $124m compared to $210m in the prior year quarter.Scientific Games was also down over the course of Wednesday despite reporting a 10% increase in Q2 revenue to $845m, up 3.8% excluding its $625m NYX acquisition. Gaming, more than half its business, saw a 3% rise in revenue to $471m. Digital (8% of the business) quadrupled to $67m thanks to the addition of NYX, with some $21m of that total coming from ‘sports and platform’ and a $47m from games. The start of Q3 has seen Scientific leading the way among North American tech companies – who have seen their European rivals sign a series of big deals in New Jersey – after being named Caesars’ lead sportsbook provider.Analysts at Regulus Partners praised Scientific Games for its mixed operational progress, in particular its improvements in digital. However, they do have concerns that “a clear understanding of omnichannel has not been an historical strength of ‘more traditional’ gambling suppliers.”Another risk, according to Regulus, is that “international clients needs could become increasingly divergent to the point of conflicting given the rapidly evolving regulatory and consumer access landscape.”last_img read more

Stats Perform lands global data deal with Argentina FA

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Stats Perform will distribute this data to licensed sportsbook operators around the world, with the agreement to cover more than 600 matches each season. Sports data provider Stats Perform has entered into a global betting video and data partnership with the Argentine Football Association (AFA). “We’re delighted to be able to bring this level of sports entertainment to our global betting partners and their customers.” “Argentine football means fierce rivalries, passionate fans and top quality teams and players,” Stats Perform chief rights officer Alex Rice said. “For many football fans, watching a club game in Argentina is a bucket list ambition.  Topics: Sports betting Sports betting Under the five-year agreement, Stats Perform will collect and distribute official data from various major competitions governed by the AFA including the Superliga Argentina, Copa Superliga Argentina, Argentina Cup and Recopa Argentina. Stats Perform lands global data deal with Argentina FA Regions: LATAM Argentina The deal also includes the collection and distribution of video streams through the Stats Perform Watch&Bet service, which already features more than 100 sporting competitions. Sports data provider Stats Perform has entered into a global betting video and data partnership with the Argentine Football Association (AFA). The five-year deal will cover competitions including the Superliga Argentina and Argentina Cup. 9th September 2019 | By contenteditor Subscribe to the iGaming newsletter Email Addresslast_img read more

Betsson to appeal “surprise” Swedish fine

first_img Betsson has announced it will appeal against an SEK20m (£1.7m/€1.9m/$2.2m) fine issued by the Swedish Gaming Inspectorate (Spelinspektionen), saying that it did not agree with the ruling and the sanction came as a “surprise”.Spelinspektionen issued the fine yesterday (10 June) after ruling that a scheme to sell vouchers to fund online accounts was conducted through businesses not licensed to act as gambling sales agents, while offers available through a branded Mastercard were deemed a breach of bonusing restrictions.However, Betsson provided a robust defence in the regulator’s investigation, and maintains that it complied with the Swedish Gaming Act in each case. It had received no prior warning that it faced this financial penalty, the operator added.“Both the warning, the sanction and the hefty sanction fee come as a surprise to Betsson,” the operator explained. “The decision will be appealed on both counts since Betsson does not agree with the view that [Swedish subsidiary] Betsson Nordic has not complied with the Swedish Gambling Act.“Betsson is of the view that the vouchers have been offered in line with the applicable law and that Betsson Nordic has not offered any commercial incentives or benefits connected to the Betsson Mastercard.”Each product was launched in Sweden in March 2019, with the retail vouchers – used to fund igaming accounts – being sold via partnerships with convenience store chains Pressbyrån and 7-Eleven.A Spelinspektionen investigation found that neither Pressbyrån nor 7-Eleven were licensed as to act as gaming product retailers. Betsson said the vouchers were launched in partnership with Convenience Card, a company specialising in gift and prepaid cards, and not directly with either retailer.Betsson also argued that as no gaming products were sold in stores, the retailers did not act as gaming sales agents, adding that the vouchers were only intended as a marketing tool.However, Spelinspektionen rejected this argument, saying it considered the sale of the vouchers to constitute the sale of online gaming products. The regulator said the vouchers violated Chapter 11, Section 2 of the Gaming Act, with both stores having acted as unlicensed sales agents for gambling products.The Mastercard partnership saw players offered a limited edition credit card directly linked to their Betsson account. Players could use this to fund their account from anywhere in the world and also receive special offers such as tickets to sporting events.Betsson said the card was designed to build its brand by offering faster payouts to players, and pointed out that the provider was licensed by Sweden’s financial regulator Finansinspektionen.It also denied that the card would be used to provide features or incentives that constituted a bonus to players, with the card being ineligible for use with some promotions due to uncertainty over the regulator’s interpretation of bonus rules.Spelinspektionen dismissed the operator’s argument, ruling that the potential benefits of the card had an economic value and constituted a discount or financial incentive. As such, it said this was a breach of Chapter 14, Section 9 of the Act, as it constituted repeat bonus offers.Spelinspektionen yesterday also fined Bethard SEK400,000 for offering bets on football matches featuring a majority of players aged 18 and under. The operator was originally fined SEK2.5m in July 2019, one of eight penalties imposed on licensees for a range of similar offences. Upon appeal, the regulator was told to reconsider the punishment imposed on Bethard, resulting in the fine being significantly reduced. Subscribe to the iGaming newsletter Topics: Legal & compliance Tags: Online Gambling Betsson to appeal “surprise” Swedish fine 11th June 2020 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Betsson has announced it will appeal against an SEK20m (£1.7m/€1.9m/$2.2m) fine issued by the Swedish Gaming Inspectorate (Spelinspektionen), saying that it did not agree with the ruling and the sanction came as a “surprise”. Regions: Europe Nordics Sweden Legal & compliance Email Addresslast_img read more

Sportsbet.io scores new deal with Arsenal

first_img“Signing a three-year deal with Arsenal, one of the most celebrated teams in the world, is a huge venture and something we are all very excited about,” said Tim Heath, founder of Sportsbet.io’s parent company Coingaming Group. Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sportsbet.io will also work with Arsenal to further develop women’s football in Estonia, where the operator is based. This will see Arsenal coaches run training sessions for Estonia’s under-19s national women’s team. “We’re confident that with Arsenal’s drive to innovate the sports industry, together with our own drive to innovate the gambling and crypto space, this is the perfect team for us.” Cryptocurrency-based betting platform Sportsbet.io has agreed a deal to become the official betting partner of English Premier League football club Arsenal. In addition, Sportsbet.io and Arsenal will partner on various social responsibility initiatives, as well as promote safe and responsible gambling. Regions: UK & Ireland Arsenal commercial director Peter Silverstone added: “We will work together and explore the different ways we can leverage our combined expertise and Arsenal’s huge global reach to set a new standard in delivering experiences and content to our fanbase and Sportsbet.io customers worldwide.” 17th September 2020 | By Aaron Noycenter_img Sponsorship Topics: Marketing & affiliates Sports betting Sponsorship The three-year agreement, which will cover the 2020-21, 2021-22 and 2022-23 seasons, will focus on creating exclusive experiences for Arsenal fans around the world and Sportsbet.io customers. Sportsbet.io scores new deal with Arsenal Cryptocurrency-based betting platform Sportsbet.io has agreed a deal to become the official betting partner of English Premier League football club Arsenal. The partnership further increases Sportsbet.io’s presence in the Premier League, after the operator last month announced it will sponsor Southampton FC for the 2020-21 season. It also sponsors Watford, though that team plays in the second tier Championship, following its relegation from the top division in 2019-20.  This will see Sportsbet.io leverage access to Arsenal’s men’s and women’s teams to create digital content for supporters across the club’s digital platforms. Email Addresslast_img read more

iGaming Dashboard – October 2020

first_img H2 Gambling Capital and iGB bring you the October 2020 iGaming Dashboard with forecasts now extended to 2025 Finance iGB’s principal data partner now also provides the pre-match vs. in-play split for global sports betting GGR. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter H2 Gambling Capital is the gambling industry’s leading consulting, market intelligence and data team. The company has a track record of 15 years focused on the global gambling industry, its projections have been influential in shaping legislators’  and investors’ views of the gambling sector across the globe. iGB’s principal data partner recently completed the extension of all its forecasts to 2025. Topics: Finance The term “white market” is used to describe taxed or fully legitimate markets, including the UK and any other market that is in transition. Scan over the keys below the charts to highlight how much individual regions and product segments generate. Subscribe to the iGaming newsletter 1st October 2020 | By Aaron Noy The graphs below show how total global gambling gross win for igaming will evolve between now and 2025, while geographical breakdowns provide an overview of revenue levels for key regions around the world. iGaming Dashboard – October 2020 H2 has also adjusted its 2020 forecast to reflect the cumulative impact of the Covid-19 outbreak sweeping through global markets.  Email Addresslast_img read more

Skill On Net ordered to improve KYC processes in Sweden

first_img Email Address Spelinspektionen began supervision of Skill On Net regarding compliance with provisions of the Gaming Act, regulations and general guidelines back in April 2020. This included checks on the group’s processes for player registration, identification of players, gaming accounts and the obligation to check players against the national self-exclusion register. Spelinspektionen said it has found that the Skill On Net group has shortcomings in its routines for assessing whether a player can be considered a permanent resident in Sweden. It has therefore ordered Skill On Net to submit a report by 1 March 2021, in which it outlines how it will ensure that those who register for games are considered to be permanently resident in Sweden. Last June, Spelinspektionen found that Betsson subsidiary NGG Nordic and Skill On Net had breached regulations by offering players bonuses on multiple occasions. The regulations that came into force from January 2019 restrict operators to offering one bonus per player upon sign-up. PlayOjo owner Skill On Net has been ordered to improve its processes for preventing non-residents from registering for online gaming in Sweden after being censured by the country’s gaming regulator. Licensing Subscribe to the iGaming newsletter 22nd December 2020 | By Richard Mulligan In the months since then the regulator has expressed concerns over the status of players who registered with Skill On Net’s brands prior to January 2019. Spelinspektionen identified issues with the legitimacy of manual KYC processes.center_img Skill On Net, which operates dozens of brands in Sweden, last week failed in its appeal over a SEK14m fine and warning after being found to have violated bonus rules last year. Regions: Sweden Topics: Licensing Skill On Net ordered to improve KYC processes in Sweden According to the Gaming Act, under which Swedish gaming has been regulated since the start of 2019, only persons who are resident or permanently resident in Sweden may be registered for online gaming. Tags: Spelinspektionen Skill On Net PlayOjo AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Monte Carlo Casino operator SBM sees gaming revenue decline 16.1% in Q3

first_imgFor the year so far, gaming has brought in €94.0m, down 54.3%. Overall revenue, meanwhile, declined 50.3% to €264.5m. Land-based casino Total revenue, meanwhile, came to €95.8m, down 23.0%. This decline was largely due to low hotel revenue at €23.5m, down 48.5% year-on-year. 25th January 2021 | By Daniel O’Boyle The group has also issued short-term negotiable debt securities, with plans to raise €150m. So far, it has raised €65m through these securities, while the Monegasque government has committed to buy up to €120m worth of securities if there is no other interest. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Finance Sports betting Land-based casino Online casino Q4 results 2020 Results 2020 Online sports betting “This decrease remains small given the public health situation,” the SBM group said. “Table gaming revenue actually benefited from particularly favourable luck during the month of December.” Lease revenue for various shop and office properties owned by SBM, however, was up 9.2% at €27.2m, while other revenue fell 61.5% to €735,000. This, the Société said, “confirms the validity of the diversification strategy SBM has engaged in over the last several years”. The voluntary departure plan saw 164 employees opt to leave. This larger-than-expected takeup means SBM now expects to make less layoffs than the anticipated 161. Monte Carlo Casino operator SBM sees gaming revenue decline 16.1% in Q3center_img Tags: Société des Bains de Mer Today, Betclic Everest subsidiary Bet-at-Home announced that it had raised its earnings guidance for 2020 to €30.9m, after a “supremely positive” fourth quarter Monte Carlo Casino and Betclic Everest owner Société des Bains de Mer (SBM) saw gaming revenue fall 16.1% year-on-year in the three months ended 31 December 2020, the third quarter of its 2020-21 fiscal year, despite quarter-on-quarter improvement. The group noted that the novel coronavirus (Covid-19) pandemic is still having a “strong impact” on its ability to operate, and while Monaco did not lock down during the quarter, opening hours for restaurants and casinos were reduced. Looking forward, the group said it expects “a sharply deteriorated financial performance” for the full year. Last year, the group announced a restructuring plan that would include voluntary departure for employees aged over 57 years and layoffs in departments that need to cut further costs. Email Address Subscribe to the iGaming newsletter Regions: Europe Western Europe France Gaming revenue for the third quarter continued to recover from a low point of €9.6m (£8.5m/$11.7m) for the first quarter, hitting €45.9m. However, this was still down 16.1% year-on-year.last_img read more

Graton Rancheria on betting and igaming in California

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sarris also discusses further developments, such as the potential for legal online gaming.  Graton Rancheria on betting and igaming in California ICE365 Content Series The chairman of the Federated Indians of Graton Rancheria shares his thoughts on the legalislation debate exclusively with ICE 365. With a ballot measure put forward by a tribal coalition, a path to legal sports betting has been paved – but will it result in the first bets being placed next year?  Tags: Greg Sarris Federated Indians of Graton Rancheria Graton Resort & Casino Topics: Casino & games ICE365 Content Series Land-based casino Tribal gamingcenter_img This forms part of a three-part series, that also sees Sarris talk to Ewa Bakun about the tribe’s fight for federal recognition, and how it weathered the upheaval caused by Covid-19. Regions: US California Subscribe to the iGaming newsletter 23rd April 2021 | By contenteditor Email Addresslast_img read more

IBIA and H2’s regulatory market assessment: #14 to #20

first_img“[The] fragmented market, limited licence availability and lack of integrity measures are a challenge, but local and international operators are showing interest in the market’s potential,” the report said. In addition, however, there is a federal 5% turnover tax rate, which can rise to 10% for operators based in countries deemed to be tax havens. The increase of this tax from the previous 2%, the report said, will “further hinder the market’s development and taxable returns”. #20 India – 9 points “There are no integrity requirements listed in legislation or by the regulator, albeit its policy does The final instalment of the International Betting Integrity Association (IBIA) and H2 Gambling Capital’s regulatory market assessment covers regulatory markets ranked between 14th and 20th. Many of these markets impose major restrictions, such as monopolies, extremely high taxes or even outright prohibition. Similarly, the prohibition hinders the ability of authorities to monitor betting activity for integrity purposes. Mexico’s score for product is high, as while the country’s 1947 betting legislation does set out the events that can be bet on, its scope is “very broad”. Product availability again varies. While there is a wide range of channels available, the province of Buenos Aires must individually approve every betting event offered in that region. Taxes also vary by state, but despite low taxes in the Northern Territory, Australia receives a low score mainly due to additional “product fees”, set at 2.5% of turnover. This fee, the report says, has “significantly limited the interest of private operators in entering [the] market”. Kenya had among the best product scores of any country, thanks to a wide availability of betting products, which the IBIA said contributed to its high 93% channelisation rate. In regulation, the report noted that Kenya offers unlimited licences. However, the country intends to implement a new Gaming Bill that would overhaul its regulations. While this was introduced in Parliament in 2019, it has still not yet passed into law.  involve ensuring that gambling is conducted in a fair and open manner and that it is not a source of crime,” the report said. In advertising, Kenya received a fairly low score, as the report criticised a lack of clarity in the country’s advertising regulations and also noted a 35% tax on ad spend.  However, IBIA did not that the country also implements a licence charge at 1% of sports betting turnover or 2% of racing turnover, which the report said can be a “challenging” way of paying licensing costs. Taxes vary by state, with Sikkim setting a rate of 10% of GGY, while winnings over INR10,000 (£97/€113/$136) may also be taxed. The new law, if implemented, would include significantly higher licence fees and a ban on credit cards to gamble, though an initial ban on mobile payment – an extremely popular payment method in Kenya – was removed in amendments to the bill. In this case, some of the country’s provinces have approved a new system to permit online gambling and the city and province of Buenos Aires are among those that have already issued licences. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The state of West Bengal permitted online betting in 2020, and Karnataka did the same but later rescinded this. The very small state of Sikkim, meanwhile offers betting through a land-based intranet. Last week, the IBIA and H2 launched a new, “first-of-its-kind” report assessing and ranking 20 different regulatory markets. In advertising, the Australian Communications and Media Authority (ACMA) provides an advertising code of practice, and while there are some restrictions around live sport – and some specific sports competitions have prohibited gambling sponsorship – generally advertising restrictions are not too tight. The combination of these monopolies and the single-event betting ban has led to extremely low channelisation, of just 31%, in the market, which contributed to the low score. The country’s channelisation rate is just 76%. #17 Portugal – 68 points That betting tax is also high, at 30% of GGR. While states can also impose their own taxes, these can be deducted from the federal rate. In integrity, Argentina receives a low score, due to a lack of connection to any national monitoring platforms. In integrity, however, Portugal scores highly, as the country has signed and ratified the Macolin sports manipulation convention and is a member of its network of national platforms. Because most forms of betting are illegal in most of India, the country receives a very low score for product. Kenya – the only African market on the list – received a provisional score, which is reserved for markets where major changes are in the works but have not yet come into effect.  India scored by far the lowest of any country, as betting, though “widespead across India”, is “mainly prohibited” in the country. As a result, the country’s channelisation rate is listed at zero. #16 Australia – 69 points “These fees, and the turnover approach in particularly, make it difficult for Australian onshore betting operators to compete with offshore operators, unhindered by such fiscal burdens,” it adds. “Unsurprisingly, Australia has a relatively low number of onshore online operators and high offshore consumer channelling.” “The prohibition of betting in India is widely seen to have been ineffective,” the IBIA said. “However, the federal government has yet to take any action on the issue and social concerns have conversely led some states to specifically ban online gambling.” Regions: Africa Canada Europe LATAM Oceania East Africa Kenya Western Europe Portugal Argentina Mexico Australia In addition, operators must receive approval to offer bets on Australian sport, which typically means they must pay fees in order to do so. “There is no evidence to suggest that these offshore consumer channelling issues will be resolved whilst a high turnover tax system remains in place in Portugal.”  Product limitations are a major reason for Australia’s low ranking. Live betting is only possible in the country over the telephone and at retail locations, rather than online. The country’s Senate is currently considering a bill to allow single-event sports wagering, by repealing a law that currently requires bets to be on three or more events. After passing this bill at second reading, the Senate assigned the bill to a standing committee. In Portugal, like Australia, there is a land-based betting monopoly while unlimited online licences are available. However, only 10 online fixed-odds betting licences have been issues. “That commercial disadvantage, relative to offshore operators unhindered by such concerns, is also demonstrated by Portugal’s continuing struggle to improve the number of consumers using its licensed online sport betting market,” the report said. “Significant numbers of Portuguese citizens seek out more fiscally competitive offshore online betting operators,” the report said. One reason for the low number of licences – and for the country’s 66% channelisation rate – is tax. Fixed-odds sports and racing bets are both taxed at 8% of turnover, while exchange betting commission is taxed at 35% of GGR. This fixed-odds betting tax was previously even higher, at 8-16% of turnover. Tax has been a major source of controversy in Kenya. In 2019, operators Sportpesa and Betin left the market as an excise tax on betting turnover was raised to 20%. This had itself followed a dispute as authorities argued a 20% tax on winnings also included stakes.  However, Parliament repealed the former tax and courts overruled the country’s regulator on the latter, leaving the main source of tax for operators as a 15% tax on GGR, which the report describes as “globally competitive”. As a result, the country scored fairly highly in tax. The excise tax could potentially be reintroduced in this year’s finance bill, however. The full report can be read here, but iGB will also be breaking down the list. The top six saw familiar markets such as Great Britain and Malta joined by newer territories in both the US and Europe. Mexico’s unlimited licences and high channelisation, at 90%, help its regulation score, despite “dated” legislation. While a new federal framework for gambling regulation was proposed in 2014, it does not appear set to be implemented any time soon. IBIA and H2’s regulatory market assessment: #14 to #20 #18 Argentina (provisional) – 61 points Tags: International Betting Integrity Association H2 Gambling Capital iGB will also look further at other aspects of the report – which also provides an overview of the global betting market and reveals the annual cost of match-fixing – in the coming days. In regulation, the report notes that some regulatory matters in Australia can vary between states, with the Northern Territory acting as the main licensee for online betting. Retail betting, meanwhile, is an “effective monopoly” through Tabcorp. The IBIA also noted that online licences are often tied to local retail operators. Canada also received a provisional score, with legislation currently under consideration. The markets ranked between seventh and joint-twelfth were typically those with otherwise-strong scores dragged down by strict restrictions in one area, such as Spain or Italy. Advertising also led to a low score, as advertising of online gambling is prohibited in Canada. Regulation In advertising, rules exist at both the national and provincial level, with ads permitted “within defined parameters”. In integrity, however, Kenya received a low score. Taxes vary between provinces, with the province of Buenos Aires taxing gambling at 25% of GGR, while the city sets a 10% rate. Argentina receives a provisional score, which is given when a country’s regulatory regime is set to undergo major changes.  The country’s federal government does permit states to regulate betting, but this vertical is only active in six, all only offering racing.  With ratings still based on current rules, though, the country scored only 47 points out of a possible 100. While these restrictions were the main reasons for Canada’s low score, the IBIA also noted that the country has no current match-fixing laws and had not signed onto an international convention against sports manipulation. In integrity, Mexico’s score was low as “no specific integrity measures” were evident and the country’s operators are not required to connect to any monitoring platforms, though operators must alert potentially criminal activity to the authorities. In integrity, Australia scores well as it has joined the national platforms put in place through the Macolin Convention on sports manipulation, while Sports Integrity Australia is a national body dedicated to integrity. Subscribe to the iGaming newsletter Television and radio ads, however, are banned between 7am and 10:30 pm. “Player protection and market oversight is therefore absent, as are fiscal returns,” the report said. “The unregulated market and related criminality will continue to flourish.” #19 Canada – 47 points “Mexico’s approach is particularly perplexing given that it employs a GGR betting tax,” it added. In advertising, IBIA noted that all marketing channels are permitted, though ads “must meet certain conditions”. These include “ specific warning messages about excessive gambling”. #14 Kenya (provisional)- 71 Points In advertising, Portugal has a requirement that adverts do not suggest that gambling is a means to success or financial gain and also prohibits advertising near schools. Regulator the SRIJ has also published a best practice code. In product, Portugal has a “prescribed list” of permitted bet types and sporting competitions that licensed operators may offer bets on. Topics: Legal & compliance Social responsibility Sports betting Regulation Sports integrity Online sports betting Retail sports betting Sports betting regulation In terms of regulation, the report noted that it is one of the few jurisdictions that still has a sports betting monopoly, though this is conducted at the provincial level. This, however, is another area that may change, as Ontario plans to begin a licensing process. “Despite widespread unregulated betting, match-fixing in Indian sport and various Supreme Court reports recommending regulation to protect sporting integrity, no legislation has been passed,” the report added. 14th June 2021 | By Daniel O’Boyle #15 Mexico – 70 points In advertising, again the country received a low score due to the general prohibition of most forms of gambling, but advertisements for permitted games tends to be allowed. For example in Sikkim, licensees can both show advertisements and offer bonuses. Email Addresslast_img read more

BCCI and Star India gets another hit, England tour of India…

first_img PSL 2021 Playoffs LIVE – How to watch Pakistan Super League Playoffs Live Streaming on your Mobile, Laptop The wait to watch the Virat Kohli’s Indian cricket team in action is set to get longer. InsideSport has learnt from its sources in the Board of Cricket Control of India (BCCI) that England tour of India in the month of September – October this year is all set to be postponed. BCCI which is already staring at huge revenue loss in case IPL 2020 will not take place, stands to lose further on account of postponement of England tour of India. India’s first home series for 2020-21 season was scheduled for the month of Sep-Oct against England. Kohli’s team was slated to take on world champion England team in 3 match ODI & 3 games T20 series – but all that will be postponed for now.  Share on Facebook Tweet on Twitter BCCI and Star India gets another hit, England tour of India set to be postponed Along with BCCI, Star India has been the biggest loser as Covid19 has hit the Indian cricket hard. Without any doubt, Star India is the biggest cricket broadcaster in the region with rights of ICC, ACC, BCCI, IPL in its kitty. But due to Covid19 led postponements, Star Sports will now not be left with any cricket games involving Indian cricket team in 2020.  This means Indian cricket team will not be seen in action at home before 2021 now.  Facebook Twitter Euro 2020, Switzerland vs Turkey LIVE: Shaqiri doubles Switzerland’s lead after Seferovic opener; Follow Live Updates WI vs SA 2nd Test Day 3 Live: Roach removes Markram in the first over; SA 20/1 (6 ov)- Follow Live Updates CricketSports BusinessCricket BusinessLatest Sports NewsSport PSL 2021 Eliminator 1 PES vs KAR LIVE: best way to watch Peshawar Zalmi vs Karachi Kings Live Streaming in your country, India, Follow Live update If that happens, India – England will play each other over 18 games in short period between January 2021 to July-Aug 2021.  India vs England matches in 2021– England will tour India in January for 5 Test Match series– September 2020’s postponed 3Odi and 3 T20 game series can be scheduled in Jan-Feb 2021– Virat Kohli and team will again travel to England in July for 5 test series England cricket team is again scheduled to tour India in the month of January-February for 5 test match series. According to the info with InsideSport, the postponed 3ODI and 3T20 game series can be played along with the scheduled test series.  The source in BCCI informed InsideSport that through it has not been discussed with England & Wales Cricket Board (ECB) but most probably series will be rescheduled for the month of January-February.  ENG-W vs IND-W: Sneh Rana reveals England sledged a lot but we did not pay attention TAGSBCCIEngland & Wales Cricket BoardEngland tour of IndiaEngland tour of India 2020India VS EnglandIndian Cricket TeamIPL 2020Star India SHARE WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video Because of all these above reasons, the next scheduled Indian series on Star India will only get broadcasted in all probability in January 2021.  Previous articleWWE News: Get a peek inside Jeffy Hardy’s life with WWE Chronicles next episode; Check detailsNext articleEngland vs West Indies LIVE Streaming in India: All you need to know ENG vs WI LIVE 1st Test Match, Squads, Broadcast Details Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. RELATED ARTICLESMORE FROM AUTHOR Cricket Business : England tour of India likely to be rescheduled to January 2021center_img Cricket WTC Final Day 3 LIVE Score: Devon Conway smashes fifty; R Ashwin gets Latham- NZ 101/1 (46 ovs)- Follow Live Updates Cricket By Kunal Dhyani – July 9, 2020 The BCCI will officially announce the postponement of the series after June17th meeting of Apex Council. When asked, will the series be rescheduled ? Cricket Cricket Business : Star India will not have any Indian cricket till 2021 – T20 World Cup is about to be postponed– England tour of India is postponed– Asia Cup 2020 postponed– Scheduled India’s tour of Australia will be broadcasted on Sony “Yes, without any doubt the tour of England team will be postponed. Where is the chance to conduct the series in such an atmosphere, we will have to reschedule it”, said one of the BCCI official to InsideSport.  Football Cricket Cricket Latest Sports News Cricket Cricket Past Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factory|SponsoredSponsoredUndoYourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext Refinance|SponsoredSponsoredUndo PSL 2021 Qualifier 1 ISL vs MUL LIVE: best way to watch Islamabad United vs Multan Sultans Live Streaming in your country, India, Follow… Cricket Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore BCCI Apex Council Meet: BCCI to bid for 3 major global events in next tournament cycle starting from 2024; Check last_img read more