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Compliance Updates

UK CMA Investigates Evolution’s NetEnt Acquisition

Niji Narayan

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UK CMA Investigates Evolution’s NetEnt Acquisition
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The UK Competition and Markets Authority (CMA) has started an investigation on whether Evolution Gaming’s proposed acquisition of NetEnt would reduce competition in the igaming industry in the region.

CMA opened its inquiry on September 22 and has invited any interested parties to give comments on the proposed acquisition agreement until October 5. CMA will analyse this feedback and announce whether the investigation will proceed to a second phase on or before November 16.

Stockholm-listed Evolution’s offer for NetEnt amounts to SEK79.93 per share, which represented a premium of 43% over NetEnt’s closing price on Nasdaq Stockholm at the time.

At the time of the offer, Evolution said that shareholders owning around 20% of NetEnt shares indicated they would accept the offer, while the board of directors also unanimously recommended other shareholders back the bid.

In addition, board members who in total directly or indirectly control 8.48% of shares and 23.20% of votes in NetEnt expressed they intended to undertake to accept the offer.

NetEnt chairman Mathias Hedlund also welcomed the offering and said that the combination of his group’s reach in online slots and Evolution’s live casino product would give it greater leverage in expanding markets, such as North America.

Compliance Updates

Mr Green Secures iGaming License in Spain

Niji Narayan

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Mr Green Secures iGaming License in Spain
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William Hill’s pan-European igaming subsidiary Mr Green has secured a license from Spain’s gambling regulator la Dirección General del Ordenación del Juego (DGOJ). The William Hill brand is already active in Spain’s online sports betting market, with Mr Green to be used to strengthen its casino offering in the country.

“This is an important milestone within our strategy,” William Hill International managing director and chief executive of Mr Green Patrick Jonker said.

“With the launch of Mr Green in Spain, we look forward to expanding our offer by expanding our already strong presence within sports betting, with one of the strongest casino brands in the industry,” he explained.

“With the combination of two industry leading brands, we look forward to deliver the best player experience within sports and gaming.”

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Compliance Updates

Dutch Gambling Regulator Supports Removal of Gambling Machines from Family Arcades

Niji Narayan

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Dutch Gambling Regulator Supports Removal of Gambling Machines from Family Arcades
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Dutch gambling regulator Kansspelautoriteit (KSA) has ruled that Dutch arcades can no longer run machines based on games of chance in a move to preserve and protect the family environments of arcade venues.

The KSA compliance was sponsored by the Family Entertainment Centers Nederland (FEC Nederland) of the Netherlands arcade trade body, which wrote to representatives to accept the KSA’s system removal action plan.

The KSA claimed in its ruling that the general make-up of venues has changed dramatically, with games of chance machines in entertainment centres frequently serving as the first point of contact for underage gambling interactions.

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Compliance Updates

Genesis Global has UKGC Licence Suspension Lifted

George Miller

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Genesis Global has UKGC Licence Suspension Lifted
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Swift UKGC Licence Suspension Lift shows Genesis dedication to UK regulation

Genesis Global has been given the green light to resume operating in the UK market for their online casino brands, after the UK Gambling Commission lifted the suspension of its remote operating licence on Wednesday 14th October.

The swift licence suspension lift means that Genesis can resume trading with immediate effect and has stated that they are working hard to take their improved casino brands live again in the next few days, ensuring that their customers are given the responsible and safe gaming environment which they have always worked hard to deliver.

They will continue to work closely with the UKGC to ensure that all concerns are fully satisfied, and further updates about all the ongoing developments at Genesis will be provided accordingly.

Genesis Global CEO Ariel Reem said: “We are pleased to announce that the suspension of our UKGC licence has been lifted, as a result of the intensive work and huge dedication our business has demonstrated in the last few months. This is clear testament to our commitment to both UK regulations and to our customers. We are also hugely thankful to our staff for their dedication and trust, and to our suppliers who have assisted in rectifying a difficult situation which arose during unusual economic circumstances for the whole world.”

The Licence suspension lift has been reflected on the UK Gambling Commission’s website.

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