News In Brief December 6-December 10 2021

News In Brief: December 6-December 10, 2021

Bet-at-Home Austria collapses, Buenos Aires launches online gambling, NagaCorp wins social award despite fire.

Bet-at-home to restructure Austrian subsidiary

Correction 12:20 - Updated to reflect that the Austrian subsidiary will be restructured rather than put into administration.

Bet-at-Home announced it would restructure its Austrian subsidiary to accommodate legal claims for player refunds.

Frankfurt-registered online gambling company

In October, the Frankfurt-registered online gambling company announced it would withdraw from the Austrian market following a ruling by Austria's Supreme Court that online casino companies were illegal and their contracts with players were invalid.

The company set aside 24. 6 million euros to settle player lawsuits, but the move will cause the company to fall into the EBITDA red this year. The company has been operating in Austria since 1999.

The statement gave few details, but said the company overall, which is part of France's BetClick Everest Group, is still "very well positioned for aggressive financial growth."

Online gambling launches in Buenos Aires

Legal online gambling launched in the Argentine capital of Buenos Aires on Thursday, December 9, with several operators, including Codere and Betsson, starting online casino and sports betting operations.

Boldt's Blaper and Betwarrior, which has partnered with Intralot, also launched local sites in the city, according to a report from local gaming news service Yogonet.

NASDAQ-listed Codere Online said in a statement that its launch in the city of Buenos Aires is a "fundamental milestone" in its strategy to expand into other markets, as well as Colombia, Mexico, Spain and Panama.

The Betsson. com. ar website was launched in partnership with local casino Casino de Victoria.

Thursday's launch in Buenos Aires follows a recent report by Argentine newspaper La Nacion that authorities in the capital and the neighboring province of the same name had agreed to postpone the debut of legal online gambling until after October's midterm elections.

Both Buenos Aires and Buenos Aires have passed a bill to regulate online gambling in late 2018, but there was a major difference in the law. Unlike the city, the status of licensed is 7, and all affiliated Boldt, 888, Betsson and Cassino de Victoria, as well as Flutter and Bet365, have all been decided at the end of last year.

Mendosa, Corientes, and Santa Fe have also approved online gambling laws or ordinances, and Cordova is currently considering bills.

Brazilian Senate discusses casinos, and the lower house is working on a wider wider bill

On December 9 (Thursday), the Brazilian Senate's Economic Development Committee held a hearing on a bill that legislines only in complex facilities.

The 4495/2020, submitted by Tokungian Senator Iraja, allows the Brazilian Federal government to approve one casino in Brazil's 26 states and the Federal capital.

Casino has been banned since the 1940s in Brazil, and Bingo Hall was temporarily legalized in the 1990s, but most of the other gambling is still not regulated.

Mr. Iraja states, "In the model that has been studying all over the world, the integrate d-type location model is definitely a successful model in a model that has good and good results," the Senate approved the bill in 2022. I added that I wanted that.

Thursday's hearing was held on the same day, when the Brazilian special committee was planning to submit a wider wider bill, regulating various vertical gambling.

The committee was set up in September by the Chamber of Commerce and Industry Arthur Rira, and created a 9 0-day regulating bill to regulate Brazilian gambling.

A rough bill for the bill was announced in late November, but the committee members are still discussing the final details.

Nagacope receives a social care award after 1. 300 staff is fired

The Naga Bodian flagship casino "Naga World", a holding company of Nagacope, has won two "social care" awards from NGOs in Hong Kong, despite the loss of pandemic losses of over 1. 300 employees. 。

Naga World is from the Social Enterprise Research Academy (Sera), a "highly valuable networking platform that encourages social responsibilities and sustainable development in the Asian community" published on the Serra website. He won the outstanding social care award and the Green Excellence Social Care Award.

Nagacope's CFO Sean Tan received award at the Serra Social Care Award ceremony held at the Hong Kong Convention and Exhibition Center on November 22.

At this award ceremony, only two months after the only union officers and most union members were fired by the regulation plan of Nagacope, and the protests outside the Naga World and the International Labor Organization (ILO) were focused on. It was held later.

More than 370 workers who have been dismissed as no n-spontaneously fired are planning protests on December 18 and promoting a strike to the company, and Cambodian independent media "VOD" is November 24. I reported on the day.

Serra, which was established in 2014, has signed the principle of responsible investment (UNTI), including corporate recognition of the social impact of companies, and promotes the protection of workers' rights through the Cavid 19 crisis. 。

Serra's management is occupied by heavyweight in Hong Kong's political, corporate, and education, but his honorary position is Gustavo Berlanga, chairman of the World Compact (Mexico), and Vice Director, Vice Director of World Trade (WTO). ・ Cediated is named.

Possibility of advertising that was convicted in the Netherlands

The Netherlands (KSA) confirmed the act of being deemed to be a marketing practice in the newly opened online market, and issued a misleading advertisement.

Specifically, on a website with soccer odds, clicking on the link would reach the website of a betting operator with a "suspicious" license.

"Such advertisements are prohibited," KSA states that gambling marketing has a legal requirement to "be careful and misleading."

Regulatory authorities said that they did not name the site or licensing, but ordered advertisements.

Sazuka's new company name

The international lottery operator Sazuka was renamed All Win.

The company said that various sub brands, including the Austrian, Czech Republic, Greece, Cyprus, and the Italian lottery market, will not change.

It is one of the companies owned by Allywn, the Czech Billion Karel Komárek, KKCG, and is bidding for the next British national lottery.

Mexico operators face the government's further taxes

At least two states in Mexico have proposed or raised taxation to gaming operators as part of the annual budget law in 2022.

The Nuebo Leon State government, including Montey City, proposes a new tax of about $ 3, 000 per gaming machine in the gaming hall network in the state, and also has 10 % of the current tax on gambler gaming spending. It is said that it will be raised to 15 %.

On the other hand, Governor Chihuahua has also proposed a new tax on the casino in his budget, and has been reported that the current tax on gamblers spending will be raised from 3 % to 10 %.

According to reports, additional gambling tax may be considered in Tamauri Pass.

The Federal District, at least 10 states and the Mexico City capital, has introduced some local taxes on gambling venues regulated by the Federation through the budget law for the past few years.

The latest proposals in Nuebo Leon have been protested by the owners of a luxury gambling hall that provides slot machines, table games, sportsbooks, and bingo.

The tax increase is actually the government because the gamblers of the local association, which are composed of gaming companies in the state, will bear some of the taxes, which will gather in an untrained gambling field. He warned that it would not lead to an increase in income.

"The risks of illegal markets that are unusual markets are minor gamblers, unpaid, unpaid, and are an outgoing person who does not follow the hygiene regulations," said the Operator Association's spokesman, including Millenio at this week's press conference. He told the local media.

ESPORTS Responsibility for Gambling Advertising

The Advertising Standards Bureau regarded the ESPORTS gambling ads in the UK as irresponsible.

DRIBBLE Media, which is operating as Midnite, was accused of a player to bet on video game CS: Go.

The advertisement included the following tweet screenshots: "I'm crazy about CS: Go's betting and make the most wonderful [SIC] call.

In particular, the use of the term "Hooked" was regarded by security guards that it promoted harmful play.

DRIBBLE Media said that the marketing was created by a thir d-party company that did not follow social media policies, and had ended business relationships with the company.

Colombian gambling organization requests a survey of viru s-infected targets

Colombian gambling group Fecoljuegos has called for a survey, saying that a team of a team belonging to the country's second league has forgiven the goal that triggered the promotion of the Dimayor League.

Just before the end of the match on Saturday, several Raneros players seemed to have made any efforts to prevent Union Magdalena's decisive second point.

Juventus's Star Winker, Colombian, also tweeted the goal video and attracted international attention.

Fecoljuegos, which represents both Colombian Land Bass and Regulatory Gambling, pointed out that Colombian sports betting businesses had reached consistency with DIMAYOR two years ago. He called for a precedent by taking action to those involved in the suspicion.

"Such situations hurt the reputation and reputation of important sector, including league, soccer team, professional players, sponsor companies, and sports betting operators.

Both Dimayol and his second league are sponsored by BetPlay, a major online sports betting operator, and WPlay is sponsored by Union Magdalena.

Macau Regulatory Authority, a junket orders for VIP credit suspension

Macau's Gaming Inspection Adjustment Bureau (DICJ) has ordered Macau operators to suspend the credit to the pantant.

Bernstein's analyst led by Vitaly Umansky instructed Jankets to stop the credit to customers (allow cash play only) in a client notebook on Monday. I quote it.

After the arrest of San City's owner Albin Charu and Win Macau's scandal, Win Macau, who was won half of the debt of the junket, is already upset by the Supreme Court industry. For this, this order will give a fatal blow.

Credit services are an important factor in the VIP segment business. Junko Credit avoids law violations by players in mainland China transmit large amounts of cash across the border or transmit cash by electronic means across the narrow boundary of mainland China. Make things possible.

Although comments from DICJ were not obtained, such serious guidelines are often announced by regulatory authorities without public notice or confirmation.

Bernstein's memo is a previous report that Win Macau has closed the junket with two casinos and "other casinos are also closing junket operations."

Colombia talks about new responsible gambling requirements

Coljuegos in Colombia has begun discussions on the official "minimal guidelines" for gambling, which is responsible for both online and offline gambling operators.

In particular, Colombia's 17 online gambling concession holders are required to appoint a responsible gambling representative and publish officially responsible gambling policies on the website.

Within six months after this resolution was adopted, online operators provide a sel f-evaluation test to all players, manage the sel f-exclusion registration book shared with Corjegos, and the players themselves, expenses, payments, and losses. It is required to provide a tool that can set the upper limit.

Operators also need to comply with new advertising guidelines as some international markets, such as restricting the use of celebrities and influencers, except in the case of conducting a training policy and promoting responsible gambling.

According to her resolution, which was announced on Friday but was expected to be a few months ago, Corjegos promoted gambling as "alternative entertainment" and "Sustainable random game sector and in society in society. He guarantees the perception of, and needs the minimum standards to understand that the community needs to understand the actions implemented to promote responsible gambling.

Opinions on page 12 can be submitted until December 10.

Ghana's 2022 budget includes mobile phone charges

Ghana's parliamentary members have approved the budget in 2022 and have introduced new electronic transaction taxes for all mobile money payments, bank remittances, member store payments, and domestic remittances.

According to the budget in FY2022, approved by Congress on November 30, the newly introduced 1. 75%aim to expand the "tax net" and lean on the "informal sector".

In other words, it will affect people who use these services for gambling.

Ghana's new tax will be enforced on February 1, 2022. If the daily transaction amount is 100GH ¢ 100 (14. 57 euros) or less, this tax is exempted.

Win Macau locks the junket and closes direct VIP: report

Following the arrest of Suncity Junket Supremo Alvin Chau last weekend, WynnN Macau could first close the VIP gambling business among the six major casino pelers in Macau.

Chinese-language gaming news site AllinMedia. com. hk reported on Monday that Wynn Macau will close all junkets and self-operated VIP gaming rooms by December 20 and cease contracts with junket operators.

The report did not identify or name the source of the information or confirm the reason for the decision.

The company's vice president and chief operating officer, Linda Chen, declined to comment on the possible closure of VIP rooms when asked about the matter by reporters on Monday.

In late November, Wynn Macau was ordered by the Macau High Court to compensate VIP gamblers who were unable to cash out door junket funds after a $90 million heist at the hands of senior junket officials in 2015.

Suncity has closed all VIP rooms in Macau since Chau's arrest, but it is unclear whether the measure is temporary or permanent.

The court upheld a lower court ruling that Wynn Macau should pay half of the players' corresponding HK$6 million ($770, 000) funds, plus installment costs and HK$3. 65 million in interest.

The arrest of Chau and 10 other suspects at Suncity, along with a court order broadening the operator's exposure to junket misconduct, has placed a potentially unbearable strain on operator-junket relationships ahead of new casino concession bids.

Wynn Macau did not respond to Compliance Vixio's request for comment.

Bet-at-Home Austria restructures, Buenos Aires launches online gambling, NagaCorp wins social award despite fire. Chinese-language gaming news site AllinMedia. com. hk reported on Monday that Wynn Macau will close all junkets and self-operated VIP gaming rooms by December 20 and cease contracts with junket operators.

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Elim Poon - Journalist, Creative Writer

Last modified: 27.08.2024

All major US, European, and APAC equity indices closed higher on the week. US government bonds closed sharply lower on the week. On Monday, December 6, a Norway Christmas party, deemed a “superspreader” event, led to at least 13 people testing positive for the Omicron variant. This is the. December 19, / PM EST / CBS News Very short, brief, is a normal tornado. Wind speeds 70, 80 miles an hour maximum usually.

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