Connect with us
SIS

Compliance Updates

Sweden to analyse the effects of iGaming liberalisation

Niji Narayan

Published

on

Photo credits: flagpedia.net
Reading Time: 1 minute

The Swedish government will review the potential impact of liberalising iGaming before a making final call on opening its online market to international operators.

The countries legislators have approved a new version of the new gambling law. It could pave the way for opening up the country’s the online market to international operators. However, the government has stepped in to analyse the situation further on how it will affect the existing local betting monopolies Svenska Spel and ATG.

The Swedish authorities will study how the potential end of these monopolies on January 1st, 2019 will create an impact on sports and racing funding in the country. The main concern would be about the 87 per cent of racing funding, which comes from ATG.

However, the review’s results won’t be released until late 2020, way after the new online gambling scheme gets rolled out. The racing segment has therefore voiced its fear of suffering while the authorities assess the legislation change’s impact.

Still, ATG’s new chairman, Bo Netz, said that the company has as a chief priority to “prepare and make ATG competitive for the new gaming market,” beyond any consequence of the market’s liberalisation.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

Continue Reading
Advertisement
Comments

Asia

Government Delays the Issuance of Casino Regulations in Japan

Niji Narayan

Published

on

Government Delays the Issuance of Casino Regulations in Japan
Photo Source: nikkei.com
Reading Time: 1 minute

 

Japanese government has delayed the establishment of Casino Management Board and issuance of the more specific IR bidding regulations in Japan. It is widely assumed that having public attention focused on the IR issue will negatively impact the electoral prospects of the ruling conservatives.

The ruling party now looks inclined not to take up the IR issue until early 2020, seriously impacting the schedules of some local governments. Such a delay may be the death blow for Osaka’s plans to have its anticipated Yumeshima IR opens its doors ahead of the 2025 World Expo, although that remains to be seen.

Continue Reading

Compliance Updates

Nintendo to Shut Down Loot Box Enabled Mobile Games in Belgium

Niji Narayan

Published

on

Nintendo to Shut Down Loot Box Enabled Mobile Games in Belgium
Image Source: ign.com
Reading Time: 1 minute

 

Nintendo is going to shut down two of its popular mobile games, Fire Emblem Heroes and Animal Crossing: Pocket Camp, in Belgium due to the nation’s anti-gambling laws aimed at loot boxes.

From August onwards, both the games will not be available to download or play. Players who have Orbs or Leaf Tickets can still use them until the game’s removal. Due to the law, Nintendo also will not release any future games with similar earnings models in Belgium.

Belgium passed a law last year that banned video game loot boxes, which allow players to pay cash to unlock rewards. The nation’s gambling commission ordered several popular games that came with in-game revenue models, including Overwatch, Counterstrike: Global Offensive, and FIFA 18 to remove their loot boxes in Belgium.

Continue Reading

Africa

Nairobi High Court Suspends Ban on Gambling Ads

Niji Narayan

Published

on

Nairobi High Court Suspends Ban on Gambling Ads
Image Source: shutterstock.com
Reading Time: 1 minute

 

Nairobi high court judge James Makau has suspended the ban on gambling ads after the musician Muriji Kamau Wanjohi complained that the ban robbed him of his right to make celebrity endorsements.

Wanjohi argued that the ban deprived him of income since he “earns a living thorough endorsement of products and services due to his influence and celebrity status”.

The government brought in a raft of new regulations earlier this month – including bans on such endorsements and advertising on social media – saying the rapidly growing industry was harming the young and the poor.

According to the interior ministry, the gaming industry in Kenya has grown substantially over the last five years, to 200 billion shillings ($1.98 billion) from 2 billion.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.