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Svenska Spel has announced that it has allocated an additional SEK1m in prize money to be distributed amongst Swedish pro-ski and pro-snowboarding competitions this winter

Svenska Spel contributes extra funds for Swedish Skiing’s Elite Tour

Svenska Spel has announced that it has allocated an additional SEK1m in prize money to be distributed amongst Swedish pro-ski and pro-snowboarding competitions this...
The Danish state-owned lottery and gaming operator Danske Spil has published its financial report for Q3 of FY2021, revealing a 2.9% increase in GGR and a 3.4% rise in profits. Danske Lotteri Spil, the lottery side of the business, posted revenues of DKK2.03bn representing an increase of 5.8% year-on-year. The lottery business also contributed to the majority of total profit before financial items. In total, Danske Spil’s profit before financial items stood at DKK1.59bn, up 3.4% YoY, with Danske Lotteri Spil contributing to DKK1.39bn. Meanwhile, the betting and gaming side of the business, Danske Licens Spil, generated DKK1.36bn in revenue, largely thanks to the increased sporting calendar, aided by Denmark reaching the semi-finals of UEFA Euro 2020. However, it was Swush, the operator’s fantasy sports platform which provided the most growth in Q3. Revenues from Swush grew from DKK5.5m in 2020 to DKK15.2m in Q3 2021. COVID-19 is having an impact on Danske Spil’s gaming arm, Epic Gaming, given that more of its halls have been closed throughout Q3 2021 than the previous year. As a result, Epic Gaming’s revenue dropped from DKK188.3m to DKK130.9m. The operator was forced to pay higher taxes throughout 2021 following the decision from the government to increase its tax rate from 20% to 28% from January. As a result, taxes paid to the Danish state were up 25.2% to DKK450.7m. However, due to the strong financial performance throughout the period, the operator posted a post-tax profit of DKK1.23bn, up by DKK54.6m from the previous year Following the strong financial situation of Danske Spil, it has increased its profit guidance for the financial year. Previous forecasts indicated that it would make a profit between DKK1.4-1.5bn, however, updated forecasts predict a profit of DKK1.5-1.6bn.

Danske Spil posts strong Q3 financials despite increased tax rate

The Danish state-owned lottery and gaming operator Danske Spil has published its financial report for Q3 of FY2021, revealing a 2.9% increase in GGR...
The Netherlands Online Gaming Association (NOGA) has shown support for a new safer gambling slogan proposed for the Dutch betting and gaming market entitled ‘Avoid Regrets, Stop in Time 18+’.

NOGA shows support for ‘Avoid Regrets, Stop in Time 18+’ safer gambling slogan

The Netherlands Online Gaming Association (NOGA) has shown support for a new safer gambling slogan proposed for the Dutch betting and gaming market entitled...
Zeal Network has published its financial information for the first nine months of 2021, reporting that it continues to grow in revenue, profitability and in customer registrations despite much weaker jackpots throughout 2021

Zeal Network continues growth despite ‘weak’ market environment

Zeal Network has published its financial information for the first nine months of 2021, reporting that it continues to grow in revenue, profitability and...
The digital einstants game provider Instant Win Gaming (IWG) has signed a deal with the Lotteries Entertainment Innovation Alliance (LEIA) to provide einstant games for five of its member lotteries

IWG wins einstants deal with five LEIA European lotteries

The digital einstants game provider Instant Win Gaming (IWG) has signed a deal with the Lotteries Entertainment Innovation Alliance (LEIA) to provide einstant games...
Ludovico Calvi, the President of Global Lottery Monitoring System (GLMS), will be inducted into the Sports Betting Hall of Fame on the final day of the Betting on Sports Europe conference and exhibition

Ludovico Calvi set to join Sports Betting Hall of Fame

Ludovico Calvi, the President of Global Lottery Monitoring System (GLMS), will be inducted into the Sports Betting Hall of Fame on the final day...
Anna van der Gaag, the Chair of the Advisory Board for Safer Gambling (ABSG), has stressed that the UK gambling industry requires urgency in developing evidence-led research to reduce gambling harms

ABSG Chief calls for more responsive RET research on gambling harms

Anna van der Gaag, the Chair of the Advisory Board for Safer Gambling (ABSG), has stressed that the UK gambling industry requires urgency in...
The Italian lottery operator, Sisal SpA, has confirmed the completion of its corporate reorganisation, resulting in the separation of its gaming and payment operations.

Sisal confirms completion of corporate reorganisation including two demergers

The Italian lottery operator, Sisal SpA, has confirmed the completion of its corporate reorganisation, resulting in the separation of its gaming and payment operations.Updating...
Andrew Rhodes, the interim CEO of the UK Gambling Commission (UKGC), has offered his thoughts on the regulatory position of the industry during Safer Gambling Week

UKGC’s Rhodes calls for ‘greater compliance’ on safer gambling from industry

Andrew Rhodes, the interim CEO of the UK Gambling Commission (UKGC), has offered his thoughts on the regulatory position of the industry during Safer...
The Lithuanian government has passed a bill that would force lottery organisations to pay 13% tax on each lottery ticket sold to help fund sports in the country, as reported by LRT.

Lithuanian Government imposes lottery tax to revamp sports funding structure

The Lithuanian government has passed a bill that would force lottery organisations to pay 13% tax on each lottery ticket sold to help fund...
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