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New Zealand’s Tokoroa region may halt gaming machines

Niji Ng

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Photo credits: Natasha Martin
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Tokoroa region in New Zealand could stop operations of local gaming machines. The government of the region has allowed the operations of a new gaming salon. However, a local anti-gambling group is waging a legal battle to prohibit the business. The salon has not started functioning yet, but it already faces a legal battle against the group.

Colin Bridle, spokesperson for the newly formed “Feed Families Not Pokies”, revealed they have taken the case to the Justice as they consider a gaming salon with 30 slot machines to be damaging for local families’ development.

 “We have gathered a lot of material under the Official Information Act and are very fortunate that a barrister and a senior policy analyst, who are both experts in this area of law, have reviewed all that material without charging us for their time,” he said. “They advised us that there is a clear case for judicial review due to some significant flaws in the official decision-making processes.”

Colin Bridle said the new venue proposed for Tokoroa exploits a loophole in the Gambling Act to create a mini-casino. The Act allows a maximum of nine slot machines in new venues, the loophole in the Act means if RSAs and other genuine clubs merge there is a possibility of up to 30 machines being permitted in one venue. “We don’t want to see a venue with 30 pokie machines in our community which is basically a commercial venture masquerading as a club,” Bridle concluded.

Niji 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. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Italy’s new legislation a concern for gambling industry

Niji Ng

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Photo credits: www.iq-mag.net
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Italy’s new government’s proposed gambling bill could hurt the country’s gambling industry. The new government, which came to power in last March, has proposed a draft bill that seeks to “the elimination of gambling machines (slot machines, video lottery terminals) and strong limitations on forms of gambling with repeated bets. If the leaked draft texts are any indication, the new policy would seriously hamper the gambling business in the country.

Furthermore, the document states that it encourages “the authorisation to install slot machines only in defined places (no bars, distributors, etc.) and the increase of the minimum distance from sensitive places (schools and youth centres).”

The draft also calls for “an absolute ban on gambling advertising and sponsorships,” and urges to set the “obligation to use a personal card to prevent child risk; imposition of spending limits; tracking of suspicious cash flows.”

Italian operators are worried about what a potential legislation change like this could mean to the industry, which last year made a serious contribution to state coffers. In 2017, AWP/VLT taxes posted €6 billion out of the total €10 billion that the industry generated for the state, while €140 million came from Italian-licensed online gambling companies.

 

Source: focusgn.com

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Bet365 to move operations to Malta post-Brexit

Niji Ng

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In a significant development, Bet365 has decided to move its operations to Malta from Gibraltar as soon as the UK completes its Brexit process next year, according to a report published in The Sunday Times of Malta.

Bet365, fully owned by a British family, had a revenue of €1.5 billion in 2015. The move will see about 1000 jobs relocating to Malta from Gibraltar, which will undoubtedly boost Malta’s economy.

The owners of Bet365 have already inked a sale agreement to buy a large new property in the Tigné peninsula in Sliema, which will become the new hub of its operations.

The promise of sale will come into effect as soon as Brexit materialises, and the British company is expected to pay some €70 million to buy the Sliema property.

Sources close to the gambling industry told The Sunday Times of Malta that the relocation of Bet365 to Malta would be a game changer for the island, as it is expected to create a major economic boost.

“It is not every day that 1000 well-paid employees are relocated to Malta. Apart from the fact that we are talking about the largest sports betting company in the world, with some 23 million customers, 1000 new individuals and their families looking for a place to stay for quite some time on a small island will mean significant business,” the sources said.

At the same time, the sources said that there will be a downside to this “massive relocation,” as rents for housing in the area have already started increasing drastically as rumours about the move make the rounds.”

The problems of increasing congestion and overcrowding in the Tigné area will also continue to become a major problem,” the sources added.

Bet365 has been eyeing the possibility of relocating its major operations to Malta for quite some time, and this was made more likely following the UK’s Brexit referendum, in which the electorate chose to leave the EU.

Malta has become very attractive to online gambling companies due to its low taxation regime and its membership of the EU.

Already registering three companies in 2014, Hillside (New Media Malta) plc – the operating company of the Bet365 group – acquired a remote gaming licence from the Malta Gaming Authority in 2015.

At the time, the company said that this was due to “regulatory developments in various operating territories.”

Following the UK’s Brexit vote, Hillside registered a new property management company in Malta last year, increasing its paid share capital to €12.5 million to invest in the acquisition of the property in Sliema.

Last month the company finalised its plans to transfer part of its business to Malta and registered another company, Hillside (Shared Services Malta) Ltd.

Founded by Denise Coates in 2000 in Stoke-on-Trent, the company fast developed into a multimillion-euro operation with some 3500 employees across the globe.

Apart from Gibraltar, it also operates a massive business in Australia and has a small office in Ta’ Xbiex in Malta.

The company chairman, Peter Coates, Denise Coates’s father, is also the chairman and owner of Stoke City Football Club, which this year was relegated from England’s Premier League to the Championship.

A lifelong supporter of the British Labour Party, Mr Coates is known as having donated hundreds of thousands of pounds to the party.

One particularly large donation coincided with the relaxation of gambling legislation and the lifting of a ban on television advertising by the UK’s Labour government in 2008.

Source: timesofmalta.com

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Cyprus to host Europe’s ‘Largest Casino’

Niji Ng

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Cyprus to host Europe’s ‘Largest Casino’
City of Dreams Mediterranean casino-resort. Photo credits: CITY OF DREAMS MEDITERRANEAN
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The construction work of Europe’s largest casino will begin on June 8 at Limassol in Cyprus. The country will mark the occasion with a fitting ceremony. The proposed casino is equipped with more than a hundred gambling tables and over a thousand slot machines.

The casino is expected to start functioning from 2021. There will be a temporary facility that will operate until works are completed on the City of Dreams Mediterranean casino-resort.

The Hong-Kong-based Melco Resorts and Entertainment are building the casino.

Its CEO Lawrence Ho said that the revenue generated by the casino, estimated to bring in an additional 300,000 tourists a year, is likely to be about 4 per cent of Cyprus’ GDP.

 “We are very happy and fortunate that we won the competitive bid for the licence in Cyprus,” he said.

The project is expected to cost €550 million ($647 million) and to create approximately 4000 jobs during the construction period.

When it is fully operational, the casino is expected to generate approximately 4500 direct and indirect full-time jobs.

The integrated resort will feature a luxury hotel with more than 500 five-star rooms, suites and villas, 11 restaurants and bars, as well as around 1200 square metres of retail area designed to replicate the streetscape of the old Nicosia city centre.

 

Source: greekreporter.com

 

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