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Regulatory Woes to Weigh on UK Online Gambling Growth, Says New Report From GamblingCompliance

Zoltan Tundik

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Photo by Mikes Photos from Pexels
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A cascade of regulatory pressures is set to slow growth in the UK’s online gambling market over the next few years, according to a new report published today by GamblingCompliance.

The report, “UK Online Gambling: Data Forecasting & Market Shares”, projects the UK market will swell to £6.42bn in total annual revenues by 2020, compared with £5.24bn in 2017, growing at an average rate of 7 percent over the next three years. Since 2013, annual growth has been more than double that rate.

Onerous new regulatory requirements, including more rigorous due-diligence checks and affordability tests, are expected to weigh on online casino operators in particular, with multi million pound fines in store for companies found to have deficient player protection standards. The report is being published less than a week after UK Chancellor Philip Hammond confirmed an increase in taxes on online bingo, casino and poker games from October 2019.

“Next year’s hike in the rate of remote gaming duty from 15 to 21 percent adds to the mounting regulatory headwinds and enforcement actions which are challenging traditional operating models and the reliance of operators on high-spending VIP customers,” said Daniel Stone, GamblingCompliance’s head of data content and the report’s author.

“We nevertheless expect the decelerating UK market to grow by over £1bn in absolute terms between 2017 and 2020, cementing its status as the largest regulated online gambling market in the world,” Stone added.

In addition to future market-size projections, the report includes exclusive estimates on the market shares held by operators in the UK’s online betting and gaming sectors.

The report finds that bet365 was the UK’s largest online gambling operator by total revenue in 2017, as the Stoke-based group overtook former market-leader Paddy Power Betfair during the course of the year.

bet365 also extended its lead as the UK’s largest online sports-betting brand by a clear distance, pulling away from Sky Bet, Betfair and William Hill in a market dominated by seven major brands owned by five different companies.

In the UK’s more fragmented market for online gaming, Ladbrokes Coral took the top slot in 2017, followed by Sky Bet, William Hill and bingo specialist Jackpotjoy.

The GamblingCompliance report provides a forensic review of trends in the UK market at a time when consolidation has reshaped the gambling industry. Earlier this year, Ladbrokes Coral was acquired by GVC Holdings, while Sky Betting & Gaming was bought by PokerStars-owner The Stars Group.

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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Multilotto strengthens its executive leadership team

Zoltan Tundik

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Photo source: Gamblers Post
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Online lottery betting company sees the appointment of former Chief Financial Officer, Christian Hellbjer as CEO after the departure of Thomas Biro, and the appointment of Mark Knighton as Head of Operations.

Christian Hellbjer has been named Multilotto’s new Chief Executive Officer after the departure of Thomas Biro who served as CEO for the past 7 years and has seen the company’s impressive growth journey from a messenger service to an established online lottery betting service with licenses in the UK, Ireland, Malta and Sweden.

After completing his studies at Lund University, Christian joined The Multi Group as Financial Controller. He quickly rose through the ranks to become the company’s CFO strengthening not only the senior management team but also structuring and streamlining the financial processes within the organisation. Talking about his new role as CEO, Christian says: “It’s an honour for me to take over the role of CEO and I am very excited to have the opportunity to guide the Multilotto team to the highest levels and continue building on our strong foundations.”

2019 also sees the appointment of Mark Knighton as Multilotto’s new Head of Operations.

With over 25 years’ experience working within various iGaming, lottery and technology sectors, Mark’s former roles as the Chief Sales Officer at Swedish National Lottery operator Svenska Spel and former Founder of Obsidian Consultancy, provide the in-depth knowledge and experience needed to drive Multilotto’s company culture and operational direction to advance Multilotto’s industry dominance.

Mark says: “This is a very exciting time to join a company which has been making substantial headway in the online lottery betting industry, and I look forward to playing a key role at Multilotto in keeping the drive of such an ambitious operation moving forward.”

Multilotto is one of the leading international betting services for lotteries offering secure and competitive bets. With Multilotto, players can break down borders and bet on a wide range of international lottery jackpots including America’s Mega Millions and Powerball draws.

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StarCasinò and Lega Basket Serie A together at the Italian Basketball Cup 2019

Zoltan Tundik

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StarCasinò - Official Gaming Partner - Italian Basketball Cup
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Lega Basket Serie A and StarCasinò are proud to announce a sponsorship that will bring Lega Basket Serie A and the number one casino in Italy together at the Italian Basketball Cup 2019. StarCasinò will be the Official Gaming Partner for the Italian Basketball Cup event that will see the final eight qualifying teams playing for the cup, known as Coppa Italiana di Pallacanestro. The tournament is taking place in Florence between 14th and 17th February.

The sponsorship includes brand presence during all matches through LED boards, logo on the basketball court and visibility in the Lega Basket offline and online media. The package provides StarCasinò the opportunity to increase brand recognition and includes several elements for brand activation. The seven matches will be broadcasted live from the Nelson Mandela Forum on Rai Sport HD, Eurosport 2 and Eurosport Player.

Pietro Lechiara, Marketing Manager at StarCasinò, Betsson Group said of the announcement: “StarCasinò is delighted to be part of the Basketball Cup 2019, one of the most important events for basketball in Italy. We’re passionate about sport and it’s a very important part of our brand strategy. This strategic partnership will further allow us to promote our responsible gaming values.”

Lega Basket Serie A president Egidio Bianchi, said: “We are very proud to have StarCasinò with us, as it yet again demonstrates that Lega Basket Serie A and Basketball Cup 2019 are establishing a strong brand with a key showcase event in the Italian sports calendar. With this partnership, we are sure that we’ll also give new entertainment experiences to the fans”.

About StarCasinò
StarCasinó is Betsson Group’s Italian brand which holds iGaming license AAMS n. 15230. The quality of StarCasinó is highly recognised locally as one of the best casino operators within the Italian online casino market. Everything is in full harmony with the vision and objectives of the Swedish company, Betsson Group, which wants to provide the best gaming experience in the field. Betsson Group has won several international prestigious awards, such as the EGR Best Operator Award, EGR Best Customer Support and also recognised for its Best Affiliate Programme at the EGR Italy Awards 2018.

About Betsson Group
With 17 brands, including Betsafe.com, Betsson.com, NordicBet.com and CasinoEuro, offering Sportsbook, Casino and other games, Betsson Group is one of the world’s largest gaming groups, at the heart of entertainment for over five decades. The company’s vision is to provide the best customer experience in the industry – listening to, and learning from, its customers, and then exceeding their expectations. Betsson Group is wholly owned by Betsson AB – listed on Nasdaq Stockholm Large Cap.

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NSoft brings iGaming Future to february London event

George Miller

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NSoft brings iGaming Future to february London event
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The sports betting technology provider NSoft will be showcasing its comprehensive suite of products including a full Sportsbook platform, Virtual games and the latest innovations in AI solutions at ICE London 2019.

NSoft’s Self-Managed Pre Match application is fully integrated into Seven Platform and gives the betting operators full autonomy of sports events creation, odds management and risk management. Except for already supported option of importing Betradar Unified Odds Feed, the customer has the ability to manually create any sport, tournament, market and event, as well as to resolve the markets.

The upcoming ICE London 2019 is the only B2B gaming event that truly brings together the international online and offline gaming sectors. During this event, held from February 5 to February 7, 2019, NSoft’s focus shall be on promotion of new products and comprehensive business solutions.

NSoft team is performing the latest product polishing before presenting it to the industry’s leading stakeholders. This year we shall be hosting you on our stand with impressive design and demo zones.

Don’t miss out on the chance to find out more about NSoft’s products. Please meet us at Stand S1-260. Book a meeting with our team or contact sales@nsoft.com.

 

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