New Jersey Senator keen on international online betting

New Jersey Senator Ray Lesniak has revealed plans to introduce a bill that would allow the US state to share player pools with other regulated markets around the world.

Speaking to local New Jersey media, Lesniak said that although his bill had not yet been written, the legislative piece would seek to remove a clause that requires online operators that take bets in the state to have servers based in Atlantic City.

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Portugal sees 18 percent drop in Q2 igaming revenue

The Portuguese regulator has released figures on the country’s total online gambling revenue indicating an 18 percent decrease in the second quarter, compared to the first of this year.

The Serviço de Regulação e Inspeção de Jogos (SRIJ) also showed gross revenue from April to June totaled E25.4m – a significant fall from E31.4m in Q1.

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Malta-based start-up gathering in September

The 2017 edition of ZEST, the main gathering for Malta-based start-ups, will take place on September 19 and 20. The Malta Communications Authority innovation event at the Radisson Blu Golden Sands Resort and Spa, is expected to attract over 500 participants, including start-up founders and CEOs, investors, talent, influencers and support professionals.

The event is unique in bringing together a cosmopolitan crowd of locals, expats and fly-ins, while offering the ideal setting for attendees to discover opportunities and build lasting relationships.

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Kenya betting tax hike

The majority of Kenyans are opposed to a planned increase in tax on gross profit from gambling activities the country.
In June, Kenyan President Uhuru Kenyatta signed into law a new tax rate of 35%.

Bookmakers were previously subject to a 7.5% rate, while lotteries were taxed at 5%, casino gambling at 12% and competitions such as raffles at 15%.
The move has led to heavy criticism from SportPesa, one of the largest betting operators in the country, which recently announced it would move to court in an effort to fight the planned rise.

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William Hill hails strategic progress in first half

William Hill said it was able to record “good progress” against its main strategic priorities during the first half of 2017.

In a trading update, William Hill reported that net revenue in the six months to June 30 amounted to £837m (€943.9m/$1.11bn), up 3% on the £814.4m posted in the corresponding period last year.

Adjusted operating profit fell 1% year-on-year to £129.5m, while profit before interest and tax also declined by 11% to £109m. The bookmaker also reported a 7% year-on-year drop in profit before tax, which came in at £93.5m, although adjusted profit before tax was up 2% to £111.2m.

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Giant Amaya rebrands to The Stars Group

Amaya, headquartered in Canada, with offices also in Malta, announced this week that it has completed its planned re-branding from Amaya to The Stars Group. In addition, its headquarters in Montreal will be relocated to Toronto.

The company also revealed its updated corporate logo and launched a new site to mark this launch. This includes trading under a new acronym on the Global Select Market as TSG and under the Toronto Stock Exchange as TSGI starting this week.

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