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Belgium ministers approve gambling advertising curbs
Belgium’s Minister for Justice Koen Geens has been given the nod by the Council of Ministers to craft a system of curbs on the way gambling services are advertised on local broadcast media. Minister Geens first announced that he was working on such a bill on the matter back in June.
Belgium’s legalized gambling market was first established in 1999. The Betting and Gaming Act, the country’s gambling law, was adopted that year to allow the provision of different forms of games of chance within the country’s borders. Minister Geens, who is member of the Christian Democratic and Flemish (CD&V) party, said earlier this year that certain changes need to be introduced to the Act, ones that would limit significantly sports betting operators in advertising their services on broadcast media in a manner that could potentially encourage minors and other vulnerable people into gambling.
Here it is important to note that it was namely the CD&V party that proposed earlier this year that the minimum age for online gambling is raised to 21 from 18 for all forms of gambling. Currently, Belgian citizens aged 18 can bet on sports and purchase National Lottery tickets, but cannot play at online casinos. The minimum gambling age for online casinos is 21.
What Will Belgium’s Gambling Advertising Curbs Include?
As reported by local news outlets, Minister Geens’ bill is planned to include several important clarifications and requirements as to how gambling services should be advertised on broadcast media.
First and foremost, no gambling ads will be allowed to appear on Belgian television before an 8 pm watershed. The 8 pm watershed will not be valid in cases of sports events. However, gambling ads will not be allowed during actual sports events. They should only be broadcast shortly before and shortly after the events.
Gambling advertising content will not be allowed to appear on sports equipment and kits as part of Minister Geens’ crackdown on gambling ads.
Advertising content should not be broadcast less than 15 minutes before and after programs that are particularly aimed at children.
In addition, operators will be required to add messages for responsible gambling to their advertisements. At present, operators are encouraged to add such messages and warnings to their ads, but are not obliged to do so. Minister Greene intends to make the practice mandatory.
The Minister’s proposals came before the Council of Ministers as a preliminary draft of a bill that would aim to restrict excessive gambling advertising in a bid to protect vulnerable people from falling victim to gambling addiction and problem gambling behavior. Minister Geens said that people should not be encouraged or misled into spending more money on gambling than they could afford.
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Kambi Group plc repurchase of shares during 6 November – 12 November 2024
Kambi Group plc (“Kambi”) has during the period 6 November to 12 November 2024 (the “Buyback Period”) repurchased a total of 54,000 ordinary B shares (ISIN: MT0000780107) as part of the share buyback programme, within the mandate approved at the Extraordinary General Meeting on 20 June 2024 (the “Programme”).
The objective of the Programme is to achieve added value for Kambi´s shareholders and to give the Board increased flexibility with Kambi´s capital structure by reducing the capital. The Programme is being carried out in accordance with the Maltese Companies Act, EU Market Abuse Regulation No 596/2014 (“MAR”) and other applicable rules.
From the beginning of the Programme, which started on 6 November, until and including 12 November 2024, Kambi has repurchased a total of 54,000 ordinary B shares at a volume-weighted average price of 111.87 SEK per share.
During the Buyback Period, Kambi has repurchased shares as follows:
Date | Aggregated daily volume (number of ordinary B shares) |
Weighted average share price per day (SEK) |
Total daily transaction value (SEK) |
6 November 2024 | 14,000 | 117.27 | 1,641,822 |
7 November 2024 | 10,000 | 115.17 | 1,151,709 |
8 November 2024 | 10,000 | 110.08 | 1,100,826 |
11 November 2024 | 10,000 | 107.82 | 1,078,240 |
12 November 2024 | 10,000 | 106.81 | 1,068,130 |
All acquisitions have been carried out on Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB on behalf of Kambi. Following the acquisitions and as of 12 November 2024, Kambi’s holding of its own shares amounted to 1,428,678 and the total number of issued shares in Kambi is 31,278,297 ordinary B shares. Under the Programme Kambi is authorised to repurchase a maximum of 3,127,830 ordinary B shares, up to a maximum amount of €12.0 million.
A full breakdown of all transactions carried out during the Buyback Period is attached to this announcement.
Information on the Programme is available on Kambi’s website, kambi.com/investors/share-information/
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Zillion Games launches Storm Fruits 2
Zillion Games launches Storm Fruits 2, an exciting sequel to the popular Storm Fruits. With 4,096 ways to win and a Bonus Buy option, players can jump straight into the action for even more chances to win. This refreshed classic fruit theme combines timeless charm with modern thrills for a truly engaging experience.
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Growe Partners Named Best Affiliate Program. Once Again.
Growe Partners, an affiliate program, which has skyrocketed its performance in the iGaming industry in just a year, has received yet another recognition as the Best Affiliate Program at the SiGMA Europe Awards 2024.
The ceremony took place in Valletta, Malta on Nov, 12th, and the victory was achieved through a combination of public votes on the award page and evaluations by a distinguished jury panel.
In just a year Growe Partners has rightfully reserved a place amongst industry leaders, who have been in the game for a lot longer, and as they say themselves — they are not going anywhere. Today Growe Partners is a network with over 32 thousand partners, operating in more than 10 locations worldwide.
“This achievement reflects our commitment to investing in our people, our partners, our ideas, and continuously implementing new innovative approaches. We are proud of the strong team we have built, which is always on the lookout for ways to develop and better themselves. And whose dedication resulted in this victory.
With winning this award we would like to once again emphasize that everything is possible in our industry if you set the right goal and work hard for it.” , — commented Dima Mariievskyi, Head of Growe Partners.
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