The Norwegian Gaming Authority Lottstift has ordered BML Group to stop offering gambling services to Norwegian players.
The regulator has notified the Malta-based group that it found its brands, which include Betsson, Betsafe, Nordicbet, Norgesautomaten and CasinoEuro, were offering gambling and lottery without a licence. It said the group had been using sites with Norwegian names and symbols and had marketed them on Norwegian television.
It said: “Although BML Group’s gambling licence is provided by the Maltese authorities, the illegal gaming offer takes effect in Norway by the company offering the games on the internet, inviting players in the Norwegian market to participate, and allowing Norwegians to register as players.”
“The Lottery Act and the Gambling Act also apply to gambling from abroad when the offer is directed at Norway. The Norwegian Lotteries Authority’s work with the payment service ban has also revealed that BML Group Limited is actively seeking to circumvent the Norwegian ban on arranging payment to and from foreign gambling companies.”
Under Norway’s monopoly system, the state-controlled company Norsk Tipping is the only operator licensed to offer online casino games.
Lottstift added in its letter to BML: “If the illegal relationship does not cease after the decision has been made, the Norwegian Lotteries Authority will consider notifying coercive fines that run until the illegal gambling offer has been rectified or terminated.
“A coercive fine is not a punishment, and the obligation to pay a coercive fine is not depending on guilt, but is triggered when an illegal relationship occurs, and should be set so high that it does not pay financially for the person responsible not to comply with the decision.”
Condor Gaming Group Secures Remote Bookmakers License from The Gambling Regulatory Authority of Ireland
Condor Gaming Group is thrilled to announce a significant milestone in its journey as a leading player in the iGaming industry. We are delighted to share the news that Condor Gaming Group has successfully secured a coveted Remote Bookmakers License from The Gambling Regulatory Authority of Ireland (THE GRAI), solidifying our commitment to providing exceptional gaming experiences in the Irish market.
This achievement marks a momentous occasion for Condor Gaming Group, as we expand our footprint and continue to deliver top-tier gaming services to our ever-growing customer base. The newly acquired Remote Bookmakers License from the GRAI underscores our dedication to regulatory compliance, fair play, and responsible gambling practices.
Condor Gaming Group’s CMO, Prash Patel expressed his enthusiasm, stating, “We are proud of this accomplishment and excited about the opportunities it opens up for us in the Irish market. This achievement reflects our unwavering commitment to growth whilst delivering the highest standards of gaming entertainment and ensuring the safety and well-being of our players.”
The Irish Remote Bookmakers License represents a significant addition to Condor Gaming Group’s portfolio of existing licenses, further reinforcing the company’s position as a trustworthy and reputable operator in the iGaming industry.
Key Highlights of Condor Gaming Group’s Remote Bookmakers License:
Regulatory Compliance: The license is a testament to Condor Gaming Group’s commitment to adhering to the strictest regulatory standards, ensuring a safe and secure gaming environment for Irish players.
Expansion: With this license, Condor Gaming Group is well-positioned to expand its presence in the Irish market and offer a comprehensive sports betting experience to Irish players.
Responsible Gaming: Condor Gaming Group is dedicated to promoting responsible gaming practices and will continue to implement measures to safeguard players’ well-being.
Innovation: The company will leverage its extensive expertise to provide cutting-edge sports betting services, combining innovation with a user-friendly experience.
Condor Gaming Group is excited to embark on this new chapter in its journey and looks forward to delivering an unparalleled sports betting experience to the Irish gaming community. Our team is committed to providing top-quality services while ensuring the highest standards of integrity and fairness.
Soft2Bet Takes Aim at Italian iGaming Market Through Strategic Licensing
Soft2Bet, a leading iGaming B2B provider, is set for strategic expansion into the Italian market through its recent acquisition of a Maltese company holding an Italian license. This key move is aligned with Soft2Bet’s mission to offer world-class online gaming services in regulated markets across the globe and strengthens its foothold in Europe.
David Yatom Hay, Soft2Bet’s General Counsel, said, “We at Soft2Bet are happy to deepen our European presence with this exciting venture into the Italian market. This is yet another example of Soft2Bet’s steadfast commitment to expand its regulatory portfolio. We’re confident that Italian operators will greatly benefit from what Soft2Bet has to offer to the market.”
Going forward with this strategic venture, Soft2Bet will actively collaborate with the Agenzia delle Dogane e dei Monopoli (ADM), Italy’s regulatory body for online gambling, ensuring compliance with local laws and regulations. Soft2Bet also plans to certify its platform in the Italian market, a move that will further its operational excellence and customer satisfaction. Following the certification process, Soft2Bet aims to position itself as a platform provider in the Italian market.
Sweden’s government proposes increased gambling tax
Sweden’s government has today Wednesday proposed an increase in the gambling tax, from 18 percent of GGR to 22 percent of GGR. The reason, according to the government, is that the gambling market should have stabilized since the reregulation in 2019 and that channelization is said to be high.
BOS Secretary General Gustaf Hoffstedt comments:
The announcement from the government is deeply disappointing, above all because it shows that the government does not understand or has taken to heart what kind of market it is set to govern. Even less has the government understood the vulnerable position that market is in.
We were recently able to show that channelization in the Swedish gambling market is 77 percent. Some gambling verticals, including online casino, are as low as 72 percent. The trend is also declining, in other words the channeling decreases over time.
We are already far from the state’s goal of at least 90 percent channelization, and if this tax increase is approved by the Riksdag, we will soon be down to the channelization we had before Sweden reregulated its gambling market in 2019. A reregulation that took place because Sweden had such a low channelization at the time.
Sweden’s government must perform much better than this. There is still time to withdraw the proposal, concludes Gustaf Hoffstedt.
The government’s proposal can be found in Swedish on pages 289-290 here: https://www.regeringen.se/contentassets/e1afccd2ec7e42f6af3b651091df139c/forslag-till-statens-budget-for-2024-finansplan-och-skattefragor-kapitel-1-12- appendices-1-9.pdf
Below a Google translation of the same text:
Increased gaming tax
The government’s assessment: The excise tax on gambling should be increased from 18 to 22 percent of the balance for each tax period.
The upcoming proposal should enter into force on 1 July 2024.
The reasons for the government’s assessment: One of the purposes of today’s gambling regulation is to protect the surplus from gambling activities for the general public by contributing to the financing of government activities. With the exception of gambling that is reserved for public benefit purposes, licensed gambling is taxed according to the Act (2018:1139) on tax on gambling. According to this law, excise duty is levied at 18 percent of the balance for each tax period. The balance is made up of the difference between the total stakes and the total payouts. A taxation period consists of one calendar month.
An increase in the tax on gambling should be well balanced to avoid a major negative impact on the proportion of gambling that takes place at the companies that have a license for gambling in Sweden. From the bill A reregulated gambling market it appears that a tax of just over 20 percent can be considered compatible with an aim to achieve a channelization rate of at least 90 percent (prop. 2017/18:220 p. 258). In that bill, however, a lower tax level was proposed for precautionary reasons. The current tax rate of 18 percent has applied since the Swedish gambling market was reregulated in 2019. The gambling market has since stabilized and channelization has increased significantly. In addition, measures have been taken to exclude unlicensed gambling from the Swedish market, which came into effect 1 July 2023 (prop. 2022/23:33). The reasons for caution when setting the tax level should therefore not be as strong now as during the re-regulation. An increase from 18 to 22 percent is judged to be at a suitable level to strengthen the financing of government activities, without it leading to too great an impact on the companies and the size of the tax base. The excise tax on gambling should therefore be increased from 18 to 22 percent.
The upcoming proposal should enter into force on 1 July 2024. The government intends to return to the Riksdag in the spring of 2024 with a proposal according to the above. The upcoming proposal is estimated to increase tax revenue by SEK 0.27 billion in 2024 (half-year effect) and thereafter by SEK 0.54 billion per year.
Fill Your Boots with All the Jewels You Can Carry in REEVO’s Crown Heist
FAVBET partners with BETER Live in major boost to its live casino offering
NetBet Italy and 1X2 Network Announce Partnership
ESA Gaming Signs Aggregation Partnership with Synot Interactive
Khelraja Becomes the Official Partner for Former English Premier League Champion Leicester City FC
Microgaming’s Origins Make a Big Comeback
Bacta to Escalate Political Campaign Against Illegal Music Streaming
Holland Casino Identifies New Groningen Casino Site
How Blockchain Re-Invented Online Poker
Esports Betting in Central & Eastern Europe: Oddin.gg Sponsors Hipther’s GamingTECH CEE
Evoplay Brings the Future of iGaming to GamingTECH CEE Summit
What does Crypto Sports Betting involve?
ProgressPlay showcasing latest innovation in Cyprus
Interview with Lars Kollind, head of Business Development at Swintt
The Rise of eSports
Skyesports Masters: Gods Reign crowned champions of India’s First Franchised Esports Tournament; bag major chunk of INR 2 crore prize pool
Asia7 days ago
Fandoms Unite at the Inaugural NEXUS FAN FAIR, Organised by Philippine Blockchain Week 2023, in Manila on Sept. 19-21
Interviews7 days ago
Navigating the European iGaming Landscape: An Interview with Magdalena Podhorska Okolow, VP Commercial – MD Europe at Light & Wonder
Industry News7 days ago
Aristocrat Gaming to Introduce New European For Sale Link Lineup
Gambling in the USA7 days ago
Gaming Americas Weekly Roundup – September 11-17
Asia7 days ago
PAGCOR Taps Development Academy of the Philippines for Reorganization Push
Conferences in Europe6 days ago
Hipther Reveals EiGE Awards 2023 Shortlists: Honoring iGaming Excellence in Europe
Conferences in Europe7 days ago
PIN-UP Global to be represented at SBC Summit Barcelona for the first time
Conferences in Europe7 days ago
SBC Summit Finds New Home in Lisbon