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The National Lottery Heritage Fund is one of several funds to provide an emergency grant of £107m to 925 cultural organisations at risk of closure because of the pandemic and winter periods

NLHF contributes to £107m rescue fund for 925 culture organisations

The National Lottery Heritage Fund is one of several funds to provide an emergency grant of £107m to 925 cultural organisations at risk of...
The Indian government has warned the public to be vigilant against fraudsters after distancing itself from text messages perceived to be from the popular show Kaun Banega Crorepati (KBC) telling recipients they have won a lottery prize

Action Fraud finds lottery fraud reaches ‘highest level’ in almost two years

New data from Action Fraud, the UK National reporting centre for cybercrime and fraudulent activity, has detailed that almost £1m has been stolen by...
The National Lottery of Malta will be operated by National Lottery plc, a subsidiary of IZI Group, after bidding €105m for the 10-year contract

National Lottery plc wins Maltese lottery rights following €105m bid

The National Lottery of Malta will be operated by National Lottery plc, a subsidiary of IZI Group, after bidding €105m for the 10-year contract.National...
Jumbo Interactive is calling for greater regulation on the prize draw and competition market after research it conducted found that £117m was racked up in credit card debt due to unregulated prize draws and competitions.

Jumbo Interactive research finds Brits borrowed £117m to enter unregulated competitions

Jumbo Interactive is calling for greater regulation on the prize draw and competition market after research it conducted found that £117m was racked up...
The Betting and Gaming Council has praised this year’s Safer Gambling Week, stating it is a ‘record-breaking’ year for coverage and social media interactions

BGC lauds ‘record-breaking’ Safer Gambling Week 2021 campaign

The Betting and Gaming Council has praised this year’s Safer Gambling Week, stating it is a ‘record-breaking’ year for coverage and social media interactions.The...
The German lottery WestLotto has unveiled a €48m investment package with plans to revamp its retail presence in North-Rhine Westphalia

IWG makes move into German state market after going live with Lotto Hessen

Digital einstants provider Instant Win Gaming (IWG) has announced that its digital instant games have gone live with Lotto Hessen.Marking its entry into the...
Danske Spil board members have elected Karsten Fogh Holanng as its Chief Executive of ‘Licens Spil’, the state-owned organisation’s sportsbook and online gaming division.

Danske Spil welcomes Karsten Fogh Holanng as new CEO for online gambling

Danske Spil board members have elected Karsten Fogh Holanng as its Chief Executive of ‘Licens Spil’, the state-owned organisation’s sportsbook and online gaming division.Holanng,...
The European Gaming and Betting Association (EGBA) alongside 15 counterpart trade associations, has called to ensure that the European Union maintains its Digital Services Act (DSA) as a “workable, balanced and future-proof legislation”.

EGBA adds to growing calls for EU to maintain flexible DSA

The European Gaming and Betting Association (EGBA) alongside 15 counterpart trade associations, has called to ensure that the European Union maintains its Digital Services...
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...
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