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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...
Scientific Games has announced that its lottery business has joined the National Council on Problem Gambling’s (NCPG) annual “Gift Responsibly” holiday campaign

Scientific Games commits to NCPG Gift Responsibly campaign for fourth year

Scientific Games has announced that its lottery business has joined the National Council on Problem Gambling’s (NCPG) annual “Gift Responsibly” holiday campaign. Tying in with...
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...
The government of the Malaysian state of Kedah has placed a ban on all 4d lottery shops,

Malaysian state Kedah ‘immediately’ outlaws 4d lottery shops

The government of the Malaysian state of Kedah has placed a ban on all 4d lottery shops, as reported by Mothership. Reports have stated that...
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 West Virginia Lottery has granted High 5 Gaming an igaming interim supplier licence in a move that sees the firm operate in the Mountain State with immediate effect.

West Virginia Lottery grants High 5 Gaming interim igaming supplier license

The West Virginia Lottery has granted High 5 Gaming an igaming interim supplier licence in a move that sees the firm operate in the...
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