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How do Germany and the Netherlands’ new gaming laws compare to other European countries?

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Some European countries are ahead of others when it comes to gaming legislation. As Germany and the Netherlands prepare to introduce new gaming laws in 2021, here is a look at how their laws compare to other prominent European countries.

Germany’s New Gaming Legislation

As of 1st July 2021, sports betting, online poker, and online casino games will become legal in Germany. The states of Nordrhein-Westfalen and Berlin are currently finalising the legislation, which needs to be approved by all local state parliaments.

While that is good news for Germany’s online gaming industry, there will be significant restrictions placed on those gaming activities. For sports betting, bettors will only be able to wager on the final result or the next scorer of a game.

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There are some fantastic online casinos, such as Casumo.com, that provide table games and slots. But under the new laws in Germany, online slot games will be subject to a limit of €1 per spin, and they must be offered separately to table games. Also, before the laws come into effect, states in Germany will have the option to veto table games at online casinos.

 

The Netherlands’ New Gaming Legislation

At the 2019 Gaming in Holland Conference, the chairman of the Netherlands’ gambling regulator Kansspelautoriteit, said a regulated online gambling market in the country would hopefully begin on 1st January 2021.

After many years of confusion and uncertainty in the Netherlands’ gaming sector, the new legislation will allow online casino operators to promote and provide real money games to Dutch people legally. Although online casinos are already available in the country, the majority are not specifically designed for a Dutch audience, which means they do not offer features like a Dutch language option.

The new regulations will enable online casinos with a valid Dutch audience to create their products for the local market. According to officials of the Dutch Gaming Authority, more than 100 candidates are expected to submit applications to obtain licenses.

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How do Germany and the Netherlands’ new laws compare to the UK?

The Gambling Commission regulates the UK’s gambling laws under the Gambling Act of 2005. Brits can legally wager on a wide variety of games and sports. Online and traditional casino games are legal, as is sports betting, lotteries, gaming machines, and bingo.

There are no restrictions for betting limits and types of sports bets, such as with the new German legislation. And all counties operate under the same central governmental laws. And unlike the Netherlands’ current rules, there are lots of online casinos specifically designed for a British audience. The primary gaming restrictions in the UK refer to age. Other than lotteries and football pools, where the minimum legal age to partake is 16, other gambling activities in the country have a minimum legal age of 18. In Germany and Holland, you generally have to be 18 to gamble legally.

 

How do Germany and the Netherlands’ new laws compare to Sweden?

Whether it is brick-and-mortar businesses or online gaming platforms, all gambling in Sweden is controlled by Svenska Spel. The company operates the only legal and licensed gaming site in the country. However, bettors are under no obligation to limit themselves to that single option. It is not a criminal offence to gamble online, regardless of the site that Swedes are using. The minimum age for legal gambling in Sweden, for every type of gambling activity, is 18.

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How do Germany and the Netherlands’ new laws compare to Denmark?

Like Sweden, the minimum age to gamble in Denmark is 18. Online and offline sports betting, bingo, lotteries, and online and offline casino games, are all legal in Denmark. The major gambling activities in Denmark are under the control of the largely-state-owned firm Danske Spil, which has operated in Denmark since 1948.

As of this year, licensed operators and other stakeholders in the gaming industries must comply with a new responsible gambling guide published by Spillemyndigheden. If the operators do not follow the rules, they face disciplinary action. The new guidelines include the requirement for online casinos to clearly advertise on their homepages that only players over the age of 18 are permitted to access their sites. Furthermore, online casinos must provide easy access for players to take an online test to see if they are addicted to gambling.

 

 

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“Royal Flash” Unveiled by PopOk Gaming – An Exciting Journey Back to Classic Slot Gaming!

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PopOK Gaming, a trailblazer in the world of iGaming, is happy to announce the launch of their latest slot game, “Royal Flash.” This classic-style slot game takes players on a fruity escapade, promising an exhilarating journey filled with excitement and grand wins fit for royalty.

Drawing inspiration from traditional fruit machines, “Royal Flash” exudes classic charm with its timeless design and iconic symbols. Set across 5×3 reels and featuring 10 paylines, this game is adorned with familiar fruit symbols such as strawberries, cherries, grapes, and the illustrious Seven symbol.

But the real excitement lies in the gameplay – each Wild symbol that graces the reels expands to form a Wild reel, ramping up the intensity and offering thrilling win potential with every spin. Additionally, keep a keen eye out for the coveted gold bar symbol; landing three or more unlocks a prize from any position on the reels, adding an extra layer of thrill to your gaming experience.

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Players can expect to bask in the glory of majestic wins, with the opportunity to claim up to 1,500 times their bet in this modernized twist on a retro-inspired classic. Whether you’re a seasoned slot enthusiast or a newcomer to the world of gaming, “Royal Flash” promises an unforgettable adventure filled with excitement, thrills, and the chance to win big!

Experience the Majesty of “Royal Flash” Today!

 

 

The post “Royal Flash” Unveiled by PopOk Gaming – An Exciting Journey Back to Classic Slot Gaming! appeared first on European Gaming Industry News.

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NuxGame’s Aggregation Platform shortlisted in EGR B2B Awards

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NuxGame, the experienced betting and casino software provider, has been recognised at this year’s EGR B2B Awards, receiving a nomination for its Aggregation Platform.

The EGR B2B Awards is one of the most esteemed events in the industry and this shortlisting solidifies NuxGame’s status as a leading casino software supplier and a one-stop shop for casino operators.

Winners are to be selected by a panel of industry experts ahead of the ceremony at The Roundhouse in London on 13th June.

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NuxGame’s aggregation platform boasts over 13,600 slots titles from 135 leading providers, which has recently been bolstered thanks to partnerships with the likes of 3 Oaks Gaming, Vivo Gaming and Hacksaw Gaming.

The nomination follows a strong year for the provider, which has made strides in player retention and acquisition tools for its aggregation platform customers with features such as free spins, network tournaments, live streamer promotions and custom thumbnails.

This latest development for NuxGame serves as a testament to its philosophy of staying ahead of the tech curve and harnessing the latest technologies to provide a bespoke and customer-centric service.

Denis Kosinsky, Chief Operating Officer at NuxGame, said: “The EGR B2B Awards is one of the most important dates in the iGaming calendar, so we are honoured that our leading casino aggregation platform has been shortlisted.

“It’s fantastic to be recognised in these prestigious awards, as we are dedicated to delivering the most innovative casino game aggregation platform for our customers.”

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Betsson Publishes its First Quarter 2024 Interim Report

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Betsson AB has published its interim report for the first quarter of 2024.

Highlights

  • Group revenue was EUR 248.2 (221.9) million, an increase of 12%. Organic increase of 25%.
  • Casino revenue increased by 19%. Sportsbook revenue decreased by 3% and the sportsbook margin was 6.6% (8.0%).
  • EBITDA was EUR 71.6 (54.3) million, an increase of 32%. The EBITDA margin was 28.8% (24.5%).
  • Operating income (EBIT) was EUR 57.9 (43.0) million, an increase of 35%. The EBIT margin was 23.3% (19.4%).
  • Net income was EUR 42.8 (36.6) million, corresponding to EUR 0.30 (0.28) per share.
  • Operating cash flow was EUR 50.0 (48.8) million.
  • Net debt was EUR -68.1 (-104.5) million.
  • Active customers increased by 15% to 1,281,267 (1,115,641).

CEO’s Comments

“Positive start to the year for Betsson – continued high customer activity and the highest ever operating income”

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For Betsson, the first quarter of 2024 was characterised by a continued positive development with high customer activity, good growth and strengthened profitability, as well as new growth-oriented initiatives. Revenue was up 12 percent year over year, and operating income (EBIT) increased as much as 35 percent to a new record level, while the operating margin strengthened to 23.3 (19.4) percent.

After the new president in Argentina took office, a devaluation of the Argentine peso of more than 50 percent was carried out in December, which had a negative effect on reported revenue for the Group in the first quarter. Organically, revenue increased by 25 percent compared to the corresponding quarter of the previous year.

The high customer activity drove strong growth in gaming turnover for both casino and sports betting, with year-over-year increases of 14 and 25 percent, respectively. Casino revenue increased by 19 percent year over year. The sportsbook margin amounted to 6.6 (8.0) percent, which was lower than the average margin for the past two years and meant that the high activity and increased turnover in sports betting was not fully reflected in revenue for the quarter. The lower sportsbook margin particularly impacted revenue in Latin America.

Betsson’s ambition is to generate stable earnings growth in the long run. The strategy to achieve this is based on geographic diversification and growth investments within existing markets, new markets, B2B and M&A. Within existing markets, it can be mentioned that the Betsson brand was introduced on the Italian market in March, at the same time as a collaboration was started with the former superstar of Italian football, Francesco Totti. Italy remains an important market with great potential for Betsson. In addition, Betsson went live in Cordoba, Argentina during the quarter, which means that the Group now offers games under local gaming licenses in three Argentine provinces. In new markets, a new online casino offering was launched in Belgium through the acquired company betFIRST, based on the category A+ license. The license enables a complete online casino offering including slots, table games and live casino. B2B continues to be an important strategic area where previous years’ investments continue to bear fruit and continued to perform strongly during the quarter. In terms of M&A, a gaming operator licensed in the Netherlands that offers casino games via the websites www.goldruncasino.nl and www.goldruncasino.com, and a game studio that develops casino games, were acquired in February. The transaction is subject to an approval from the Dutch gambling authority before the integration work can begin.

Sustainability is an important part of Betsson’s strategy and for the second year in a row Betsson sponsored the Consumer Protection Zone at the ICE gaming fair in London. This part of the fair aims to increase knowledge about responsible gambling and all proceeds from this part go to organisations that work with responsible gambling.

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After the positive start to the year, we now look forward to following the final rounds of the European football leagues and cups, before it is time for the best national football teams to measure their strengths in the UEFA Euro 2024 and Copa America in June and July. There is football fever out there and within the entire organisation a number of activities are already underway to ensure that Betsson will be able to deliver a powerful player offering for new and existing customers during these major championships. See you this summer!

The post Betsson Publishes its First Quarter 2024 Interim Report appeared first on European Gaming Industry News.

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