Latest News

Agreement reached on ‘whistle-to-whistle’ ban on TV ads during sports matches in Britain

Published

5 months ago

December 7, 2018

Niji Narayan

Agreement reached on ‘whistle-to-whistle’ ban on TV ads during sports matches in Britain

Photo Source: v12data.com

Reading Time: 1 minute

The gambling companies in Britain have accepted a blanket ban on TV advertising during live sports matches.

The ban is total. There will not be any gambling ad on TV during a certain period that starts a defined time before the game’s start tilled a defined time after the end of the match. The ban will be applicable to all matches that start before 9 pm.

Horse racing has been exempted from the ban. All the major betting houses, Bet365, Ladbrokes, Paddy Power, William Hill, Sky Bet, Betfred, Betfair, Stan James and Gala Coral—which together make up the Remote Gambling Association (RGA)—gave their nod to the ban as political pressure mounts around the amount of gambling advertisements on TV.

During the World Cup earlier this year, over 90 minutes of betting adverts were broadcasted on British TV. Anti-gambling campaigners say the amount of gambling ads on TV “normalises” betting. A report by the Gambling Commission suggests around 430,000 Brits are addicted to gambling. Of those, around 25,000 are 16 or under.

The Labour Party called for a similar ban in September, with deputy leader Tom Watson calling gambling “a public health emergency.”

It also proposed blocking the use of credit cards to pay for bets and introducing a levy on gambling operators to help pay for addiction treatment.

The ban on TV advertising must be ratified by the Industry Group for Responsible Gambling before coming into force, but this is reportedly a formality. It is expected to hit football hardest. There are currently multiple gambling adverts promoting in-play betting during half-time of every televised game. Almost 60 per cent of Premier League and Championship clubs currently have a betting firm as their shirt sponsor.

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Niji Narayan

Niji Narayan 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. He reports gaming industry headlines from all around the globe.

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Gambling in the USA

New Jersey Gambling Regulators Imposes a Fine of $10K on PokerStars

Published

9 hours ago

April 24, 2019

Niji Narayan

New Jersey Gambling Regulators Imposes a Fine of $10K on PokerStars

Reading Time: 1 minute

New Jersey gambling regulators have imposed a fine of $10,000 on PokerStars for taking bets on New Jersey college basketball teams in violation of the state’s sports betting law.

According to the documents filed by the state, PokerStars accepted 216 wagers on a game involving Rutgers and Eastern Michigan University totalling more than $2,700.

The company also took a single bet on a game involving Monmouth University and the University of Pennsylvania, whose value was not disclosed.

The fine comes as New Jersey lawmakers are considering a bill that would set fines starting at $20,000 and ranging up to $100,000 for companies that take prohibited bets on New Jersey college teams.

Eastern Europe

Romanian Investors to Relaunch and Turn Lebada Luxury Resort & Spa into Casino

Published

10 hours ago

April 24, 2019

Niji Narayan

Romanian Investors to Relaunch and Turn Lebada Luxury Resort & Spa into Casino

Photo Source: getica.ro

Reading Time: 1 minute

Two Romanian entrepreneurs are going to relaunch the Lebada Luxury Resort & Spa in the Danube Delta. They have invested EUR 20 million in the complex, purchased in 2017 for EUR 3 million from the tax agency ANAF. ANAF sold the complex to recover damages owed to the state by convicted businessman Sorin Ovidiu Vantu.

The re-opening comes at a time when the lawmakers discuss a law that extends special fiscal regime to gambling operations located on islands “including in the bioreserve Danube Delta.”

“We have a casino building, but we are waiting for the regulations in place,” said Laurentiu Niculae, general manager Lebada Luxury Resort & SPA.

Lebada Luxury Resort & Spa is located in the heart of the Danube Delta, on the Sulina branch. The complex has a land of almost four hectares. The complex has over 200 accommodation rooms, of which 140 are for the guests and the rest of the employees.

Latest News

Swedish iGaming Market Posts a Turnover of €313.8 Million in Q1

Published

10 hours ago

April 24, 2019

Niji Narayan

Swedish iGaming Market Posts a Turnover of €313.8 Million in Q1

Photo Source: thedenlingers.blogspot.com

Reading Time: 1 minute

Swedish iGaming market has revealed its first financial report for the first quarter and posts a total turnover of €313.8 million. ATG, the former horse racing monopoly, led the market with a turnover of €102 million.

In January, online gaming turnover reached €106 million, slightly declined to €104 million in February and was flat in March.

The Svenska Spel Sport & Casino reported turnover of €55 million for the three months, €18 million in January, €18.3 million in February and repeated in March.

The newly-regulated Swedish iGaming market was launched on January 1, introducing major changes for the local industry, such as the rebrand of the local regulator and the introduction of new iGaming companies.