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IMGL MASTERCLASS™ at MARE BALTICUM Gaming Summit 2019 – It’s Hot in the Nordics: IMGL Mega-Panel

Zoltan Tundik

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Reading Time: 4 minutes

 

Industry media has been all eyes on the recent regulatory changes that came into effect starting 2019 in Sweden, Denmark and are starting to be discussed in Norway as well.

The second edition of MARE BALTICUM Gaming Summit, also known as the Baltic and Scandinavian Gaming Summit and Awards includes a special IMGL MASTERCLASS™ which will explore the recent changes that are happening in the Scandinavian region with an emphasis on Regulatory Trends, IP Blocking and Payment Blocking. The title of the panel discussion lives up to its name, “It’s Hot in the Nordics: IMGL Mega-Panel” will see some of the largest brands of the gambling industry share their knowledge about the market with the presence of Danish regulator, Birgitte Sand (Director of the Danish Gambling Authority).

The special panel will be moderated by Tal Itzhak Ron (Chairman & CEO at Tal Ron, Drihem & Co., Law Firm) and the panelist include generic names of the Scandinavian region such as Morten Ronde (CEO at Danish Online Gambling Association and Managing Partner at Nordic Gambling), Sissel Weitzhandler (Group Compliance Manager at Play’n GO), Gustaf Hoffstedt (General Secretary at the Swedish Trade Association for Online Gambling) and last but not least, Rolf Sims (Public Affairs Manager for Kindred Group in Norway and Board Chairman of the newly formed Norwegian Trade Association for Online Gambling Companies).

MARE BALTICUM Gaming Summit will take place on the 9th of May at Radisson Blu Royal Astorija Hotel and is gathering the gambling industry from the Baltic and Scandinavian regions for a full day of quality learning and networking with like-minded peers, regulators and representatives of the industry media.

Register here or View the Agenda!

Browse the official event website here: www.marebalticumgaming.com

Latest news about Denmark

It was a couple of weeks ago, that Spillemyndigheden, the Danish Gambling Authority has proposed to amend Danish Gambling Act to restrict the amount of marketing for gambling games, particularly to reduce exposure of children to gambling advertising.

The move is to prevent gambling from evolving from a form of entertainment into a problem. “A new code of conduct should be considered a benchmark and only a minimum requirement for the gambling industry,” said the authority.

The authority also stated that the code of conduct is “an opportunity to set limits and tools in place that go even further than required by law. This includes preparing clear frameworks for game advertising content and ensuring that the amount of advertising is reduced and restrictions are in place.”

The move will affect gambling-related advertising on TV stations.

Earlier this year, the gambling authority of Denmark has censured social media giant Facebook for promoting illegal gambling websites on its platform.

Latest news about Sweden

Sweden’s newly liberalized online gambling market has only been in place for a couple of months, but already it is proving a success. Spelinspektionen (the Swedish Gambling Authority), granted licenses to 60 gambling operators before the new laws were implemented on January 1. It has since approved more operators, bringing the total number of license holders to +70.

However, the fears of the operators have not been cleared yet, as it was just a month ago, that Sweden’s Minister on Public Administration, Ardalan Shekarabi said the government will be making more stringent regulations on gambling advertisements. He also summoned representatives of the gambling industry to parliament for a discussion on this topic.

The act stipulates that all gambling companies operating in Sweden be licensed and that they must ensure gambling advertisements are restrained.

The act also bans direct marketing of gambling companies of individuals who have barred themselves from gambling. Over 20,000 people in Sweden have self-selected to be barred from access to online sites, but the minister noted that these rules were not being complied with across the board.

According to a surprising new study, the majority of people with a gambling addiction in Sweden are women.

The country’s public health authority unveiled that almost two-thirds of the gambling addicts in the country (64 percent) are female. The survey also found that while the overall number of gamblers decreased since the last survey in 2015, the number of problem gamblers rose by 50 percent. Women made up half those considered problem gamblers.

Read more…

Latest news from Norway

It was just two months ago when the European Gaming and Betting Association (EGBA) has urged the Norwegian government to rethink on the policy of banning payment transactions of six gambling companies. The Norwegian government had asked the banks to block payments to and from accounts identified as being used for processing gambling transactions.

He pointed out the fact that there are currently only two gambling providers authorized in Norway – both state-owned. He termed the present regime not sustainable. He also said that the present system depletes Norwegian state tax revenues and jeopardizes the task of keeping control of the market.

He urged the Norwegian government to develop a regulated market, based on multi-licensing and focusing on a high level of consumer protection.

When it comes to gambling legislation, some European countries give their citizens maximum freedom and others impose maximum restrictions. One country, Norway, fits both descriptions. Despite the best efforts of the Norwegian government to monopolize gambling in recent years, its citizens are free to play online bingo or use online casinos without fear of punishment.

Read more…

Make sure you take advantage of this unique opportunity of learning and networking with the gambling industry in the Baltic and Scandinavian region via the MARE BALTICUM Gaming platform which has been launched in 2018 and is committed to bringing together industry shareholders and government officials from the Baltic and Scandinavian region on a yearly base.

Register here!

Browse the official event website here: www.marebalticumgaming.com

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Baltics

Gambling Revenue of Latvia Increases in H1 2019

Niji Narayan

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Photo source: dekoprint.lv
Reading Time: 1 minute

The Lotteries and Gambling Supervisory Inspection of Latvia has reported that the gambling revenues in the regulated Latvian market increased 14.7% year-on-year to €154.5m (£142.0m/$172.1m) in H1 2019.

The revenues were up from 134.6 million and income from gambling climbed about 15.2% to €111.5 million. The main sources of income were the gambling machines.

Interactive gambling income increased 38.8% compared to the year-on-year figures. Online casinos were, of course, the most popular form of gambling. Online activities earned €18.1 million while online betting earned €7.1m, a 35.3% jump.

The national regulator also included in their report an update on illegal online gaming activities during H1 2019 and the steps they were taking to ensure a clampdown on all illegal activities.

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Baltics

Gambling Revenue of Latvia Increases in H1 2019

Niji Narayan

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Gambling Revenue of Latvia Increases in H1 2019
Reading Time: 1 minute

 

Gambling revenue of the regulated Latvian market has increased 14.7% year-on-year to €154.5m (£142.0m/$172.1m) in H1 2019.

Revenue during H1 2019 was up from €134.6m. The income from gambling also increased 15.2% from €99.9m to €111.5m. Gambling machines were the main source of income for licenced operators, generating a collective €111.5m, which is up 11.5% on the same period last year.

The interactive gambling income increased 38.8% year-on-year from €18.2m to €25.4m as more consumers turned to online gaming. Online casino games were the most popular form of iGaming activity during H1, with income up 40.1% to €18.1m.

The online betting income was up 35.3% to €7.1m, while card tournaments income increased 65.9% to €193,482. The income from table games increased 2.6% to €8.1m, while bingo income was up 37.0% to €123,000 in H1 2019.

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Baltics

WeAreCasino to launch a new European IT & Development Center in Riga, Latvia

George Miller

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WeAreCasino to launch a new European IT & Development Canter in Riga, Latvia
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WAC LATVIA SA is going to serve as WAC’s European IT & DEVELOPMENTS HQ, alongside the head office in Buenos Aires.

The European IT branch will focus on developing of WAC platforms.
Thw WAC team is working on new games and features, following up from the successful launch of the Slot Builders Program at the ICE exhibition earlier this year.

“This move is a huge strategic asset for the Group. We are building a talented and experienced team in Latvia, consisting of people with amazing technical and creative skills. We should be able to see immediate results in our games and our Slot Builder tool, thanks to these new upcoming features. We are excited to share this new range of innovative products with our customers!” Sem Moioli, WAC Group CEO.

 

About WeAreCasino:
WeAreCasino is a real novelty in the online gaming industry. Young and dynamic company, aiming to become one of the world’s largest online casino gaming provider.
WeAreCasino owns a proprietary Gaming Engine, Remote Gaming Server, mathematic, RNGs and standard integration API, allowing clients to generate their personalized games. This also provides easier feature integration and exceptional quality, whether you’re playing on mobile or desktop. Games, servers and RNGs are certified by external testing houses in different jurisdictions. Website http://www.wearecasino.com/

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