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UK Bookmakers Ready to Increase Levy on Profits from 0.1 to 1%

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6-9-1 UK Bookmakers Ready to Increase Levy on Profits from 0.1 to 1%Reading Time: 1 minute

The largest UK gambling companies have offered the government a substantial increase in the revenue paid to avoid a regulatory crackdown. These companies, including the likes of Bet 365, Coral Ladbrokes, Skybet and Bet-fair are offering to increase the levy on profits from 0.1 to 1% over the next five years. That would mean an estimated 120 million euros each year to the government coffers.

The open bribe comes after an initiative from the UK gambling commission, which recently stated they require more staff and funding to the tune of 70 million pounds. The commission is conducting an ongoing investigation on the way the industry handles problem gambling. The result is widespread action on online firms and senior management in the key firms.

The sentiments against gambling within the UK come from elements such as the gambling commission and the key political figures. They have reason to worry because the alcohol and tobacco industry went through the same regulations. The result was their depreciation within the market to the point they are not allowed sponsorship on media advertisement by recognised organisations. Gambling, on the other hand, is a different thing. Online platforms are still relatively new and so it is much easier to stifle the practice.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: UK Bookmakers Ready to Increase Levy on Profits from 0.1 to 1%

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Fantasma Games Launches Riviera Star

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9-6 Fantasma Games Launches Riviera StarReading Time: < 1 minute

 

Fantasma Games has released its latest online slot game Riviera Star. The glamorous slot delivers plenty of big-win potential with thrilling features including Respins, Free Spins, Sticky Wilds and Multipliers.

Any line win activates the Respin feature and sees all winning symbols locked in their position while the rest of the reels spin. Any new line win during the Respin feature is locked and the rest of the reels spin again. When no new line wins occur, the Respin feature ends.

The unique Superstar feature can be randomly activated at the start of any base game spin and sees the Superstar symbol, which acts as a Sticky Wild, placed randomly at a position on reels two to four. It also boasts an increasing all-win multiplier.

Riviera Star also features a Free Spin bonus game triggered when three Scatter Symbols land during the base game. The player receives ten Free Spins and the Superstar feature and all-wins multiplier are also activated.

“The team has done an excellent job of creating a perfectly balanced slot with a unique Superstar feature that combined with an unlimited multiplier, delivers plenty of big win potential that even the Riviera’s rich and famous will be envious of,” Fredrik Johansson, CEO of Fantasma Games said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Fantasma Games Launches Riviera Star

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WorldMatch Renovates its Website

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8-6 WorldMatch Renovates its WebsiteReading Time: < 1 minute

 

Online gaming company WorldMatch has renovated its website to emphasise its 160 slot machines with 70 game engines, 30 table games and all types of video poker, in HTML5 for both desktop and mobile devices. The new site includes a section dedicated to the individual games and the explanation of their technical characteristics.

The new smart search tool allows filtering the slot machines catalogue, according to the required features and as usual, players can play all the games for free to better appreciate the gaming experience. Real-time updates about the release of new titles, partnerships and participation in events are available in the News page.

The graphic restyling is aimed at pointing out WorldMatch’s mission: to offer a wide range of games that will meet every player’s taste.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: WorldMatch Renovates its Website

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France’s Française des Jeux Secures New Jackpot Insurance

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7-7 France’s Française des Jeux Secures New Jackpot InsuranceReading Time: < 1 minute

 

Française des Jeux (FDJ), the operator of France’s national lottery games, has announced the implementation of a comprehensive insurance policy to cover its counterparty risk from January 1, 2020.

One of the changes involved in the tax and regulatory reform carried out as part of the privatisation of FDJ was the discontinuation of the “counterparty fund” system.

This reform is part of a broader process of clarifying the relations between the state and the company, which is now responsible for covering counterparty risk through an insurance policy, at its own expense.

FDJ has taken out a comprehensive insurance policy with a number of top-tier French and international insurers and reinsurers to cover its counterparty risk, which will take effect from January 1, 2020.

This contract, drawn up with insurance broker Marsh, provides a guarantee for the gains falling within its scope on an aggregate basis. It provides annual coverage of up to €150 million. All costs related to this insurance policy are in line with expectations and are covered by the planned budget.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: France’s Française des Jeux Secures New Jackpot Insurance

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