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Betsson welcomes new gambling act in the Netherlands, but raises concerns

Niji Narayan

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Betsson welcomes new gambling act in the Netherlands, but raises concerns
Photo Source: pokerfuse.com
Reading Time: 2 minutes

 

Premier betting company Betsson has welcomes the Remote Gambling Bill that has been passed by the Dutch Senate. But the company has raised concerns about the accompanying proposal for a cooling off period.

The bill is expected to herald the era of modern gaming in the Netherlands.

The new law is expected to come into force by the third quarter of 2020, which is also when license applications will be accepted. Gaming tax will be applicable at the rate of 29 per cent of GGR. The debate regarding the Dutch gambling market has been going on for a long time and today the Dutch Senate finally passed the Remote Gambling Bill, which will allow foreign gaming companies to receive a local license.

The new law is accompanied by a proposal from the Dutch Minister for Legal Protection Sander Dekker for a cooling off period of two years for “illegal operators*.” How the proposal would find its way into a formal regulation is yet unclear. The Minister’s proposal does not distinguish between fined operators and those who have not been fined, putting Corona Ltd (a Betsson subsidiary that received a fine and disputed it in 2018), in the same position with all other foreign operators active in the market, in that regard.

“Finally, there will be modern gambling legislation in one more big monopolistic market in Europe. Betsson Group already has 12 local licenses in Europe and we are looking forward to the Netherlands following the suit of other European countries in opening up the market to competition. We welcome the regulation despite our concern about the so called cooling off period which could harm channelisation of local customers as well as be deemed as non-compliant with EU law“, says Pontus Lindwall, CEO of Betsson AB.

“Our understanding is that all international operators currently in the market would be eligible for a Dutch license but such license may be issued with a delay reflecting the cooling off period. It is also our understanding that this period is not intended to be a blackout period. Should the cooling off period be implemented, Betsson operational subsidiaries have made and will continue to make certain adjustments to their offering to best handle the impact of the cooling-off period as well as put themselves into a good position for the licensing process“, continues Pontus Lindwall.

The term “illegal operators” refers to operators in the proposal by Minister Dekker who have actively targeted the Dutch market through either local payment instruments such as iDeal, advertising aimed at the Netherlands, or through use of a Dutch domain name. It is understood that the cooling off period would start once the newly adopted Bill is published.

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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Tennis Integrity Supervisory Board Appoints Jonathan Gray as CEO of TIU

Niji Narayan

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Tennis Integrity Supervisory Board Appoints Jonathan Gray as CEO of TIU
Photo Source: thedrum.com
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The Tennis Integrity Supervisory Board has appointed Jonathan Gray as the first CEO of the Tennis Integrity Unit (TIU). Gray will take up his new role in February 2020. He will report to the independent Tennis Integrity Supervisory Board and work closely with TIU director Nigel Willerton.

“This is a unique opportunity to work with a global sport in tackling issues around corruption and doping. I share the absolute commitment of tennis to achieving the highest standards of integrity and believe passionately in fair and clean sport. It is clear to me that much good work has already been done in this area, and I am looking forward to building on those strong foundations,” Gray said.

Gray is having more than 14 years of experience as a senior partner at specialist global risk consultancy Control Risks. He also had a 20-year career in the British Army, commanding operations in Belfast and Iraq, and also seeing action in the Balkans, Falklands, Canada and Europe.

“Jonny was the outstanding candidate in a very strong and varied field. He shares our determination to create the best, most innovative integrity organisation in sport, and his skills and experience will be vital in helping tennis to realise that ambition,” Jennie Price, independent chair of Tennis Integrity Supervisory Board said.

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TVBET Launches its New Game Lucky6

Niji Narayan

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TVBET Launches its New Game Lucky6
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TVBET has launched its new game Lucky6 as a part of its global expansion. The well-known classic game is now available at the Demo section on the official website and planning to be added on the partners’ platforms soon.

“Being one of the leaders on the global live-games market TVBET focuses on providing our clients with the most relevant content, and our new Lucky6 is in full accordance with the requirements of the more demanding audience. This game is a madly popular of their genre, and our company has launched it in a highly qualitative live-format, including also adjustable bonuses, promo codes, and jackpots. Today, we’re happy to present the content that will help our partners in reaching their business goals,” Peter Korpusenko, CEO of TVBET said.

Lucky6 is a classic game in which the player is offered 48 numbers, 35 of which are selected randomly. The player is offered to guess 6 balls. The last, sixth, ball brings special fortune to the lucky winner – the winning coefficient depends on the position of his loss.

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PMU Reports French Racing Growth in Q3 2019

Niji Narayan

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PMU Reports French Racing Growth in Q3 2019
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French horse betting company Pari Mutuel Urbain (PMU) has reported consecutive growth quarters for its racing vertical. Chief Executive Cyril Linette revealed that French racing wagers during Q2 and Q3 trading had consecutively grown by 0.5% to €1.9 billion.

Despite a tough opening to 2019 racing (−3.4%), with the PMU reducing its race schedule and revamping its “Quinte+ prognostic” product, PMU governance estimates that French racing will be delivered at −1% wagering for 2019 trading.

“This is proof that the strategy put in place is bearing fruit despite a reduction in supply (−20% of races), even if we do not end the year in growth, for six months we have shown real growth, which is of great satisfaction” Linette said.

Under Linette’s guidance, at the start of 2019, the PMU launched its “revitalisation programme” approved by the operator’s core shareholders of France Gallop and Le Trot Francais.

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