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How Will Brexit Affect Europe’s Gambling Industry?

Niji Narayan

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How Will Brexit Affect Europe’s Gambling Industry?
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The Brexit has had profound effects on almost every industry, including the gambling industry.

Many gambling sites may find themselves unsure of whether they are legal after Brexit, leading them to stop offering their content to UK readers. This may make it harder for you to verify whether or not a site is legitimate or research the pros and cons of using a site before you start putting your hard-earned cash into it.

One site that is not going anywhere and offers trusted reviews and insight from real gamblers is AskGamblers. The site is committed to finding the best new online casinos and providing you with insight into whether they are worth your time or not.

In the world of physical gambling, you might notice some of your favourite casinos closing down or reducing their games in the future. That is because the UK’s moving to a points based immigration system, which will make it harder for workers without skills to come to the country.

The UK has strict rules for companies that allow gambling, including requiring them to have a license. Many companies headquartered internationally may find themselves having to apply for a separate licence to operate in the UK. Gambling licenses cost money, and if companies have to buy a separate one to operate in the UK, then firms may withdraw from the UK market.

When the UK was in the EU, it abided by the union’s rules, including its strict anti-money laundering rules. Now that the UK has left, it has the power to set and change its rules, meaning that companies operating internationally may find themselves having to abide by two sets of rules. Companies operating solely in the UK may find that the rules change, meaning that they may have to adapt their processes.

Gambling companies based in Gibraltar may struggle a lot. Gibraltar might just be a small island off the coast of Spain, but it plays a big part in the UK’s gambling industry. Currently, Gibraltar is a British territory, although there are talks that Spain may try to regain control over it.

As it is a British territory, Spain may choose to close its border to Gibraltar now the UK’s out of the EU. If that happens, gambling companies would struggle to get the staff they need. That might lead major sites to move out of Gibraltar.

So, any changes to the country’s laws could spell big trouble for the gambling market as a whole.

Industry News

Gaming Realms Signs Licensing Agreement with Pragmatic Play

Niji Narayan

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Gaming Realms Signs Licensing Agreement with Pragmatic Play
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Gaming Realms has signed a licensing agreement with Pragmatic Play to produce Pragmatic Play-themed Slingo games.

Under the terms of the agreement, Gaming Realms is to license market-leading brands from Pragmatic Play’s expansive game portfolio, including Sweet Bonanza and Wolf Gold, to create Slingo games.

Michael Buckley, executive chairman of Gaming Realms, said: “This licensing partnership with Pragmatic Play opens up a range of cross-sell benefits to both parties. The collaboration between two organisations with a key focus on content innovation in the digital space is truly exciting.

“Pragmatic Play creates engaging and immersive gaming content that fits perfectly with Slingo; we’re hoping this announcement should excite both operators and players.”

Yossi Barzely, chief business development officer at Pragmatic Play, said: “Creating memorable gaming experiences is a priority for us and Gaming Realms has an excellent reputation through its Slingo portfolio.

“We have an extremely positive feeling about the potential for Pragmatic Play-themed Slingo games and are eager to see this partnership realise its potential.”

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Central Europe

ZEAL Network Reports Good Start to 2021

Niji Narayan

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ZEAL Network Reports Good Start to 2021
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German online lottery products provider ZEAL Network SE has reported a good start to 2021, with the company increasing its revenue, profitability and achieving a strong gross margin.

In the first quarter of 2021, billings rose by 17% to EUR 163.31 million (2020: EUR 140.0 million), of which the Germany segment accounted for almost the entire amount at EUR 163.3 million (2020: EUR 139.7 million). Revenue increased by as much as 19% to EUR 22.6 million (2020: EUR 19.0 million), of which EUR 21.1 million was attributable to the Germany segment (2020: EUR 17.0 million). At 12.7%, the gross margin in the Germany segment was above the prior-year level (2020: 12.1%).

During the fiscal period, the Company gained 156 thousand new registered customers in the Germany segment (2020: 206 thousand). Adjusted EBITDA rose to EUR 4.6 million (2020: EUR 2.8 million) – there were no non-recurring expenses or income. The Germany segment accounted for EUR 4.1 million of this amount (2020: EUR 1.9 million). EBIT and net profit of EUR 2.4 million and EUR 2.5 million, respectively, were also well above the prior-year figures (2020: EUR 0.0 million and EUR 0.1 million, respectively).

“We are pleased that, following the LOTTO24 takeover, the business model change and the organisational adjustments, we will again be able to publish truly comparable figures in the current and previous reporting periods with the first quarter of 2021. In addition, we already demonstrated in the past year that we are capable of exploiting market opportunities, adapting to dynamic environments and continuously fine-tuning our business model. We are consistently continuing along this path,” Jonas Mattsson, CFO of ZEAL Network SE, said.

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Industry News

Dutch Lottery Board Appoints Alexander Pechtold as Chairman

Niji Narayan

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Dutch Lottery Board Appoints Alexander Pechtold as Chairman
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The Dutch Lottery’s supervisory board has appointed retired politician Alexander Pechtold as chairman. He replaces the outgoing chairman of the board, Jan Loorbach, whose tenure has come to an end.

Pechtold is currently general director of The Netherland’s central bureau for driving licences. Before retiring from politics, he had a long career in the Democrats 66 (D66) party, including a 12-year tenure as a parliamentary leader from 2006 to 2018.

“It is an honour to be able to contribute to the future of the largest socially oriented, pre-Dutch gaming organisation. The Netherlands Lottery has proven its position in the lottery market. With just as much energy and confidence, the Netherlands Lottery will also become active in the online gambling market with a responsible offer,” Pechtold said.

“The board and the entire management of the Dutch Lottery are happy with the arrival of Alexander Pechtold. He is introduced to a healthy and future-oriented organisation, and we look forward to continuing to build on our position in the gaming market with the supervisory board,” Niels Onkenhout, CEO of Dutch Lottery, said.

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