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Outgoing chiefs of Dutch regulators criticise government policy

Niji Narayan

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Outgoing chiefs of Dutch regulators criticise government policy
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Jan Suyver and Henk Kesler, the outgoing chairman and vice-chairman, respectively, of the Kansspelautoriteit (KSA) regulatory authority has criticised the Dutch government for going slow in reforming online gambling legislation in the country. Suyver and Kesler, explaining the changes in their six-year term, held back no punches. They said that the government had urged them to prepare for the liberalisation of the Dutch online gambling market as far back as 2012, but no concrete actions were taken on their proposal.

Suyver assigned at least some of the blame on religiously inclined legislators in parties like the Christian Democratic Appeal and Christian Union, who’d previously blocked passage of the Remote Gambling Bill in the Dutch legislature’s lower house.

Suyver acknowledged that online gambling was a “complicated, ideological dossier” on which numerous parties held strong views both pro and con, but argued that “even though you are against gambling, that cannot be a reason not to regulate it. Rather, on the contrary, I would say.”

Suyver expanded on this view in an interview with Dutch financial daily Financieele Dagblad, calling it “a disgrace” that the Netherlands was “almost the only country left in the European Union which has not regulated online gambling.”

Kesler was equally critical of Dutch politicians’ failure to act, saying legislators had “not delivered what we were promised” when he and Suyver joined the KSA. As a result, Kesler said he’d “become pretty cranky now and again,” and was unable to look back at his KSA tenure “with great satisfaction.”

Kesler said the KSA currently lacked effective tools to deal with online operators serving Dutch punters without local authorisation, equating the status quo with going “to war in the lions’ den with a toothbrush. The consumer deservers protection, but politicians must give the KSA the means to do so.”

The Remote Gambling Bill is currently hung up in the Dutch senate, thanks to an open consultation for stakeholder input that would not conclude until November 6. Among the significant items yet to be decided is the licensing eligibility of “rogue” operators who have been hit with financial penalties by the KSA.

The KSA’s new chairman is René Jansen, while the vice-chair’s seat has been filled by Bernadette van Buchem.

 

Source: CalvinAyre

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Nuvei Announces New Corporate Positioning and Brand Merger with SafeCharge

Niji Narayan

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Nuvei Announces New Corporate Positioning and Brand Merger with SafeCharge
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Payment technology provider Nuvei has announced the launch of its new corporate positioning, tagline and redesigned website.

The new brand represents the company’s drive to unite payment technology and consulting. Its mission is to provide the payment technology and intelligence businesses need to succeed locally and globally, through one integration.

This also marks the brand merger with SafeCharge, which Nuvei acquired in August 2019. SafeCharge will now operate under the Nuvei name, representing its global brand. The integration of both organisations under one name and a full-stack, native payment technology platform is designed to further remove payment barriers worldwide, empowering merchants with unparalleled global commerce capabilities.

“Businesses are looking for partners, both strategic and technological. We’ve become the payment technology partner that our clients can count on to make our world a local marketplace. We aim to deliver unified commerce solutions and expertise, helping our clients capture every payment opportunity that comes their way – no matter where or how they operate,” Phil Fayer, chairman and CEO of Nuvei, said.

Through a single integration, Nuvei provides a seamless payment journey with connectivity into 200 geographic regions and local acquiring in 30 markets. Businesses can easily accept more than 450 alternative and local payment methods in 150 currencies, delivering a frictionless customer experience wherever transactions happen. Nuvei’s collective intelligence and proven technology offer merchants the ability to increase approval rates, enhance customer retention and loyalty, reduce fraud and simplify business operations.

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Spiffbet Set to Acquire Goliath Casino

Niji Narayan

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Spiffbet Set to Acquire Goliath Casino
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Spiffbet is set to acquire the parent company of Goliath Casino, a Swedish online casino operator that mainly targets higher spending players.

In a deal that still has to be approved, Spiffbet will offer Goliath shareholders new shares in Spiffbet. Up to 6,632,331 Spiffbet shares will be issued at SEK0.401 each, which will represent 3.8% of all Spiffbet shares and correspond to a value of around SEK2.6 million (€252,518).

Spiffbet plans to offer a further private placement worth SEK856,073 to selected investors, including some Goliath shareholders, to partially finance the acquisition of Goliath as a wholly-owned subsidiary.

Goliath’s director board has recommended the deal, but it will need approval from 90% of Goliath’s shareholders. So far, 84.2% of shareholders have indicated their support.

Spiffbet, which completed a merger with Metal Casino earlier in the year, has said it expects Goliath to make a contribution to profit for the second half of the year.

“The acquisition of Goliath strengthens our position in the online casino and is an important part of our acquisition plan. Through Goliath, Spiffbet gets access to a new brand that is internationally viable and that we can develop and expand into new markets,” Henrik Svensson, Chief Executive of Spiffbet, said.

“Furthermore, the coordination benefits with Metal Casino are clear. Goliath fits in well with our business and complements our market presence with a different profile and partly other markets,” Henrik Svensson added.

“Through the acquisition, Goliath gets a fresh start and can, through Spiffbet, continue to develop and be part of a larger group of companies where other brands are included. Spiffbet has strong support from its owners to be the locomotive in the consolidation that is taking place in the gaming industry and I look forward to being a part of this journey,” Claes Wenthzel, Chairman of Goliath, said.

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Casino.org Launches “Player Assist” Service

Niji Narayan

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Casino.org Launches “Player Assist” Service
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Casino review site Casino.org has launched its exclusive “Player Assist” service, bringing a new level of support to its players. The casino review site’s new service allows its users to issue complaints about any of its partner sites in just four simple steps.

A site which puts honest, expert advice at the forefront of everything they do, Casino.org wanted to echo this sentiment further than just choosing a casino through their site. The Player Assist service has been launched to aid them in following through with their users if anything should go wrong past the referral stage.

The feature will run completely independent of the partners on the site, so that they can offer their services 100% free of charge.

Casino.org is one of the most popular guides to online casinos and gambling. Its team of experts provides players with a wealth of information to help them guarantee safe play online and win more.

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