Swedish sports betting operators can relax a little, as proposed emergency restrictions are revised to exempt sports betting from deposit limits. 

As we’ve previously reported, the proposed emergency restrictions on gambling in the country had included deposit limits of SEK 5,000, plus other measures, for all gambling for the duration of the COVID-19 crisis.

However, social security minister Ardalan Shekarabi, a leading proponent of draconian restrictions, has now presented adjustments to the measures, which would exempt horse racing and sports betting from the deposit limits.

Although it’s obviously good news for all sports betting operators in the country, BOS, the online gambling trade association, has said it thinks the change of heart has little to do with consumer protection, and is instead “to provide benefits to gambling companies that it [the government] is closely connected to, such as horse betting company ATG, with a majority of its board members appointed by the government.”

AYO.NEWS says:

It really does seem like licensed gambling operators have lost all trust in Swedish politicians. And, as we’ve previously noted, as long as ideologically driven anti-gambling politicians like Shekarabi hold sway, things will only get worse. 

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

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Italy is set to introduce a new emergency “turnover tax” on betting and virtual sports wagers. 

Last week the Italian parliament approved the new “temporary” 0.5% turnover tax across all betting verticals, including online, retail and virtual sports. It is set to apply until 31 December 2021. 

The new tax is part of the “Revival Decree,” which includes a raft of measures aimed at raising funds to support the post-COVID-19 recovery of the Italian economy and society. The tax will also enable the establishment of a “sports relief fund,” which aims to raise €90m by 2021. 

During March and April, the Italian sports betting industry saw revenues crash a record 72%, and estimates suggest it may take a year or more for it to recover to pre-COVID-19 levels.

Understandably, the new tax has been met with disbelief by many, who question the logic of increasing the tax burden on a sector that has been so badly hit by the crisis, and leading to the country becoming one of the highest-taxed regulated sports betting markets in Europe.

Italian sports betting operators already pay GGR betting duties of 20% for retail, 22% for virtual games, and 24% for online betting.

Though operators will be dismayed at the new tax, it could have been worse, as initial drafts of the legislation called for a 0.75% turnover tax. 

AYO.NEWS says:

The Italian government is hardly known for sound economic decisions, but this really does take things to a new level of absurdity – increasing the tax burden on one of the sectors COVID-19 hit hardest. 

Staying with Italian sports betting, don’t miss “Southern Change: Shaping Italy’s Online Betting Market.”

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

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The International Betting Integrity Association (IBIA) has called for all parties in the supply chain of sports event data to adhere to global best practice standards. 

The IBIA says it believes this is the most effective approach to protect the integrity of sport, its data, betting markets generated by that data, and consumers using the products. 

Explaining the call CEO of IBIA, Khalid Ali, said:

“Upholding the reliability and credibility of sporting event data is of paramount importance for my members and the challenges posed by the pandemic have further highlighted the necessity for robust data chains. There is a clear benefit for everyone involved in the data supply chain in ensuring that such data is a product of high levels of accuracy and transparency.

“IBIA and its members have been considering this issue internally for some time and would like to go a step further and have a proper industry-wide debate. To that end, IBIA is asking all stakeholders, notably data providers, to proactively engage with the association and its members to develop and implement agreed best practice standards around the sale, collation, and distribution of sports data for betting.”

The IBIA is “run by operators for operators” and aims to protect its members from corruption through collective action. It runs a monitoring and alert platform that detects and reports suspicious activity on it’s members betting markets. 

With many information sharing partnerships in place with leading sports and gambling regulators, the association represents the sector at high-level policy discussion forums including the IOC, UN, Council of Europe, and European Commission. 

AYO.NEWS says:

With so many sports data providers, supplying an-ever growing volume of data, the importance of industry-wide standards and best practice is becoming pressing, so it’s good to see the IBIA is pushing for progress. 

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

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The Malta Gaming Authority (MGA) has established a data-sharing agreement with the World Professional Billiards & Snooker Association (WPBSA). 

As the regulatory authority for both Billiards and Snooker worldwide, the WPBSA is responsible for the global development, governance and integrity of both sports. The association also provides professional player support and coach development.

Commenting on the partnership WPBSA’s Vice Chairman, Nigel Mawer QPM, stated:

“This is an important step forward in the battle against match-fixing and betting issues in snooker. I am really pleased to have the support of the MGA, and the MGA’s Sports Integrity team in combating corruption in sport.”

While the MGA’s Sports Integrity Manager, Antonio Zerafa, added:

“In these unprecedented times there has been a shift in focus from team sports to more individual sports. Hence, this period proved to be a perfect example of how stakeholders of sports and sports betting integrity need to widen their horizons in terms of collaboration. Our recent data-sharing agreement with the WPBSA places us in a position to be able to also assist individual sports in their fight against corruption.”

AYO.NEWS says:

It’s good to see the MGA is continuing with its proactive approach to integrity with this latest partnership. In April, the authority announced a partnership with the International Cricket Council (ICC) to help combat match-fixing, while in October 2019 it entered a data-sharing agreement with the Tennis Integrity Unity (TIU). 

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

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Gaming and sports betting supplier Playtech has reported a strong first quarter, despite the COVID-19 crisis. 

In a trading update the company reported adjusted EBITDA for 1 January to 30 April as over €45m. Adjusted EBITDA for April – the first full month of the COVID-19 lockdowns, was €23m. 

Though, like many other companies, Playtech has implemented extensive cost-cutting measures in the face of COVID-19, it says it still has more than €600m in cash at its disposal, and overall cash flow remains positive. 

As to be expected, the crisis has hit Playtech’s B2B sports business most, with losses of €3m per month in adjusted EBITDA. 

Reflecting on the period Playtech CEO, Mor Weizer, said:

“So far this year, alongside actions taken to protect our people and our business, Playtech demonstrated remarkable operational resilience – demonstrating the strength and flexibility of our technology and our position in the industry. 

“We have added new Tier 1 licensees, added over 20 new brands and expanded agreements with some of our largest existing customers. Given this strategic progress and the actions we have taken, I am confident we will emerge stronger as the current restrictions related to COVID-19 ease.

“Playtech also launched its new sustainable business strategy, Sustainable Success. The strategy will consolidate Playtech’s position as a global leader in safer products, data analytics and player engagement solutions. 

“Playtech has made safer gambling a core pillar of its strategy. At this time actions being taken by Playtech and the wider industry to advance safer gambling and raise standards are more important than ever.”

At the end of the period Alan Jackson stepped down as Chairman, with Claire Milne appointed  as Interim Chairman to “provide continuity and stability. Commenting on his time as Chairman, Jackson said:

“It is with great pride that I look back over my time as Chairman of Playtech. During my time with the Company the gambling industry has changed dramatically and Playtech has demonstrated the strategic vision to grow into a diversified and trusted technology leader in its industry. In these uncertain times the Board and I are confident Claire’s appointment as Interim Chairman will bring the required experience, industry knowledge and stability needed.”

Staying with Playtech, a week ago we reported Fortuna, the largest betting and gaming operator in Central and Eastern Europe, had completed migration of its Polish sportsbook onto Playtech’s IMS platform. 

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Horse racing is set to resume in the Republic of Ireland from 8 June, subject to certain conditions. 

Only personnel absolutely necessary to run races will be permitted on-site at race courses, and everyone will be subject to health and temperature checks on entry. Face masks will also be mandatory, and strict social distancing measures will be in place, supervised by a dedicate “COVID-19 protocol officer” at each event.

Commenting on the news Chief Executive of Horse Racing Ireland, Brian Kavanagh, said:

“We are grateful to be one of the sectors permitted to go back to work and acknowledge the responsibility on everybody in racing to ensure the events are run in a safe way.

“We know from our own experience in March when we safely ran ten meetings behind closed doors – and from what is happening in other countries like France, Germany, Australia, Hong Kong, Japan and America – that racing can be staged safely within the requirements of social distancing.

“With significant input from the IHRB’s chief medical officer Dr Jennifer Pugh, we have strengthened the HRI Covid-19 protocols and so, while race fixtures will return in Ireland on June 8, they will be very different from what people will have experienced before.”

Horse racing has already restarted in Germany and France, while it never ceased in Australia, Japan and Hong Kong. As we reported last week, the British Horseracing Authority has announced plans to resume events, again behind closed doors and subject to strict rules, on 1 June.

AYO.NEWS says:

This is definitely good news for bookies, but as we’ve said many times, it is far too early to relax, given the strong likelihood of more waves of infection, and the ever-present threat of further lockdowns. 

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

All original content featured on this site is © Pentagon Digital Limited, 2020