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Three Gambling Ways for NZ Government

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Three Gambling Ways for NZ Government
Photo Source: parliament.nz/en/
Reading Time: 3 minutes

 

Online gambling is one of the most common pass-time activities in New Zealand. There are numerous casino sites that accept punters to access different games and win real money.

Recently, the NZ government launched a public consultation to test public support for regulating modern ways of online gambling. This comes as a result of the rapid technological developments that have been witnessed in the past years. The only operators allowed to offer gambling products online in the country are Lotto NZ and TAB.

However, it’s been noted that most New Zealanders from 15 years are gambling in offshore casinos. This article covers the three gambling ways for the New Zealand government and more.

#1 Way: A Full Legalization

The UK Gambling Commission (UKGC) was established in 2007 to oversee all forms of gambling and betting activities. Also, they are mandated to ensure that gambling is carried out in a fair and transparent way. Similarly, Spelinspektionen plays the same role in regulating gambling activities in Sweden.

Pros:

  • Anti-Money Laundering: They ensure that online casinos are not used for money laundering. All casino operators must conduct Know Your Customer (KYC) check before releasing any money.
  • Transparent and Fair Gaming: All customers must be treated in a fair and transparent way. The bonuses and promotions offered must have terms and conditions to regulate their use.
  • Responsible Gambling: All gambling sites including bookmakers and New Zealand online casinos must provide tools and advice to ensure that customers enjoy a safe gaming environment. Gamers with problem gambling can also self-exclude by registering at GamStop or Spelpaus.se.

Cons:

  • Application Time: Both licensing authorities have lengthy legal procedures to be followed, meaning the license will take several weeks or months before its ready to use. 
  • License Cost: The cost of acquiring a license from both authorities is relatively high. They check to ensure that the operator has not been involved in any fraud cases, and the casino account has enough money to start operating.

#2 Way: Partly Legalization

Each is allowed to decide whether or not to legalize sports betting in the United States of America. The move legalizes sports betting has been supported by various state lawmakers as well as the Congress. Some of the states where betting on sports is allowed include but not limited to Nevada, Delaware, New Jersey, West Virginia, and others.

Pros:

  • Increased Revenue: Legalizing sports betting leads to increased revenue income
  • Employment: online sports betting sites have created employment for many people as well as sponsoring different community projects.

Cons:

  • High License Fee: Some states charge a very high licensing fee of up to $45,000
  • High Percentage Tax: States in the US set a high percentage tax on the revenue of up to 6.5%.

#3 Way: Gambling Monopoly

Several countries around the world like Finland and Canada have state-controlled forms of gambling: both offline and online. For instance, in Finland, there are three bodies responsible for a specific form of gaming; RAY, Veikkaus Oy, and Fintoto Oy. In Canada, the province of Ontario still works under a monopoly system, where the Ontario Lottery and Gaming Corporation (OLG) is the official operator offering iGaming through PlayOGA.ca. 

However, most states controlled sports betting sites are facing competition from foreign operators. That’s why the governments have decided to block oversee operators from providing services to their citizens.

Pros:

  • Successful: State-controlled gambling states have been very successful, and it’s reflected in their annual revenue.
  • Donations: Most state-run gambling monopoly platforms channel their profits to charity and other good causes.

Cons:

  • High Rate of Problem Gambling: There have been increased cases of gambling addiction in most states with monopolized gambling.
  • Competition: State-controlled monopoly gambling sites are facing stiff competition from foreign online casinos. 

Conclusion

What’s the best way to choose? Now that we have seen what the position of each country regarding gambling organizations, it’s easy to suggest the best option to select. Of the three options, I think the method used in the United Kingdom and Sweden is way better than the other. Legalization is not just making money from taxes but also security and safety for players. 

Industry News

SKS365 keeps investing in people: GROW People Management Program took the next level

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11 experienced people managers from the SKS365 group’s 4 locations gathered last week in Belgrade for the new GROW People Management Program. From 15 th to 19 th of April, through trainings, discussions, and social connections, people had the opportunity to further grow individually and as a team, while enjoying Belgrade’s city center and rivers.

Created in 2023 with the purpose of building foundation people management skills across the organization, GROW initiative evolved this year by including a new, advanced program for experienced people managers to further consolidate their skills and prepare for future opportunities.

Building and fostering connections, sharing experiences, and enjoying team building experiences – all these activities have been part of the GROWpmp agenda for the 11 people managers coming from Commercial, Product and Development, Finance, and Sportsbook departments of the group’s 4 locations – Malta, Italy, Austria, Serbia.

GROWpmp included a variety of topics that people managers in SKS365 recognized as the key areas for management development. Topics such as influence through communication, team effectiveness, DEI, through to presentation skills and business topics like understanding finance and management reporting, were delivered with the support of external professionals and internal experts, while designed and organized by the SKS365 People & Culture team.

 

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Industry News

Kindred’s Share of Revenue from High-risk Players Shows Slight Increase

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Kindred Group plc’s (Kindred) share of revenue from high-risk players showed a slight increase to 3.2% (Q4 2023 3.1%) in the first quarter of 2024. Compared to the first quarter of 2023, the high-risk revenue share decreased marginally. The percentage of detected customers who exhibited improved behaviour after interventions came in at 87.1% (compared to 87.4% in Q4 2023 and 83.0% in Q1 2023). This sustained trajectory in the improvement effect after interventions, observed over an extended period, serves as a testament to the strong dedication and collective efforts throughout the company. It reflects Kindred’s ongoing commitment to fostering positive change within the industry.

“We continue to see our share of revenue from high-risk players fluctuate quarter to quarter, and we are working closely with all teams across the company to support customers towards a more sustainable gambling experience. However, it is encouraging to see that our Journey towards Zero data has steadily decreased since 2020. A similar trend can be seen across the healthier gambling behaviour effect after interventions. This tells us two things: our work is paying off, but we need to continue to push ourselves to propel a sustainable progression,” Alexander Westrell, Director of Communications at Kindred Group, said.

“It was very encouraging to witness the open and transparent discussions at the Sustainable Gambling Conference in London on 20 March, where those with lived experience shared their important stories. Also, it is evident that technology is moving forward, and will provide greater opportunities to detect and intervene in the future. We hope to see more regulators engage with the industry and with experts to secure a more sustainable industry for everyone,” Alexander Westrell added.

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PENN Entertainment Names Aaron LaBerge as Chief Technology Officer

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PENN Entertainment announced that Aaron LaBerge has been named Chief Technology Officer (CTO) effective July 1, 2024, subject to customary regulatory approvals. Mr. LaBerge will report directly to PENN CEO & President Jay Snowden.

In his new role, Mr. LaBerge will be responsible for driving the technology strategy and execution for PENN, while leading the multinational team of technologists and serving as the key business leader for the company’s Interactive division.

Mr. LaBerge spent more than 20 years at The Walt Disney Company, in two stints separated by five and a half years as a technology entrepreneur. He was most recently President & Chief Technology Officer for Disney Entertainment and ESPN where he was responsible for driving all technology and product development in support of The Walt Disney Company’s two media divisions. In that role, he helped set the vision and strategic leadership for how Disney uses technology to enable storytelling and innovation, drive its business, and create unparalleled consumer experiences with entertainment and sports content.

“We are thrilled to have someone of Aaron’s caliber join our PENN executive team. Having overseen a global organization of thousands of engineers, product developers, designers, technologists, and data scientists that created some of the largest scale and most successful media properties in the world, there is no better candidate to lead our Technology and Interactive division into its future. I know Aaron is looking forward to working with Todd George, our head of operations, and our entire Executive Team to continue growing our position as a leader in online gaming, sports betting, and digital sports media,” Mr. Snowden said.

“I’m excited to join another talented team at PENN Interactive and lead our technology strategy. PENN Entertainment is at the forefront of the fast-changing gaming and sports media industry. I plan to use my experience from Disney and ESPN to help make ESPN BET an essential piece of the sports fan experience. Together, we’ll push the limits and redefine how fans interact with sports and gaming,” Mr. LaBerge said.

Prior to his most recent role at the Walt Disney Company, Mr. LaBerge was Executive Vice President and Chief Technology Officer at ESPN from 2015 to 2018. At ESPN he played an instrumental role in the growth of ESPN’s consumer-facing digital media products and services – leading many of ESPN’s most ambitious and challenging projects and helping establish ESPN’s position as the leader in digital sports and innovative sports technology development. He was a key architect in the design, development, and engineering of ESPN’s state-of-the-art facilities in Bristol, CT; Los Angeles, CA; Charlotte, NC; and Austin, TX, as well as data centers and infrastructure that connect those facilities around the world, as well as the technology design and development to support the launch of the multi-platform SEC Network.

Between 2007 and 2012, LaBerge was co-founder and CEO of Fanzter, Inc. – a venture-funded consumer software and digital product development company. At Fanzter, he directed all day-to-day operations and led the development and launch of a variety of consumer-focused internet and mobile products, ground-breaking social and commerce technologies and more.

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