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EGBA Criticises Germany’s Proposed iGaming Regulations

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8-8 EGBA Criticises Germany’s Proposed iGaming Regulations
8-8-1 EGBA Criticises Germany’s Proposed iGaming RegulationsReading Time: < 1 minute

 

The European Gaming and Betting Association (EGBA) has criticised Germany’s proposed iGaming regulations. EGBA said that the regulations will fail to attract players to the regulated market instead of unlicensed sites.

Maarten Haijer, Secretary-General of EGBA, said the proposed regulations submitted to the European Commission are too tight to be able to win back players from the unregulated market after a late start from Germany.

They include a deposit limit of €1000, a stake limit of €1 per spin on slots, no live betting and a ban on advertising online gambling between 6 am and 9 pm.

Haijer said: “The starting position of Germany is so bad that, in 2017, the Düsseldorf Institute for Competition Economics (DICE) predicted that the country had a channelling rate of only 1.8% – meaning 1.8% of online gambling activity in Germany took place on websites which are licensed in Germany – compared to 95 per cent in UK and 90 per cent in Denmark.

“The new policy can only be effective if it ensures that gambling websites licensed in Germany are more attractive than those outside it – so customers will play on these websites rather than unlicensed ones. This requires the new policy to meet the customer’s needs by ensuring there is sufficient choice in the market – including brands, products and bet offerings.

“The policy measures currently on the table are highly questionable. They are overly prescriptive and introduce restrictions which are not evidence-led.

“The combined effects of the proposed restrictions on player accounts (deposit and time restrictions), on products (e.g. the ban on online casino is not fully lifted) and on bet types (e.g. live betting will be banned), jeopardises the task of achieving a high channelling rate and sets the scene for continued political and legal challenges.”


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: EGBA Criticises Germany’s Proposed iGaming Regulations

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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SkyCity Shuts Down Auckland Casino as New Zealand Re-enters Lockdown

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Casino operator SkyCity Entertainment Group has once again closed down its flagship integrated resort SkyCity Auckland, after the New Zealand government revealed four new cases of community transmitted COVID-19 on Tuesday.

The cases have come as a huge shock to the country, which only 24 hours earlier had celebrated 100 days without a single new locally transmitted case of the coronavirus. Auckland has immediately been placed back on Stage 3 restrictions for three days as a precautionary measure, with the rest of New Zealand on Stage 2. Under Stage 3 lockdown, bars and many businesses will be closed, gatherings restricted to 10 people and travel in and out of Auckland mostly prohibited.

SkyCity’s casinos in Hamilton and Queenstown will remain open with social distancing measures in place.

“SkyCity is fully complying with this latest update from the New Zealand government. SkyCity is well prepared to respond quickly to these changes and is in a strong financial position to withstand the financial impacts of these temporary restrictions,” Graeme Stephens, CEO of SkyCity Entertainment, 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: SkyCity Shuts Down Auckland Casino as New Zealand Re-enters Lockdown

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Guild Esports appoints MediaCom S&E to support global partnerships strategy

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Guild Esports (Guild), the global esports business headquartered in London, today announces the appointment of MediaCom Sport & Entertainment (MediaCom S&E) as the Company’s first consultancy delivering Guild’s commercial partnerships strategy.

Guild’s appointment of the esports division of MediaCom, one of the world’s leading media agencies, will support the Company across all aspects of its commercial proposition, development, and global go-to-market strategy for its commercial partners.

Guild Esports, which is co-owned by David Beckham, is bridging the gap between sports and esports with an academy-powered model and a brand that celebrates and harnesses the diverse and tribal loyalty of esports enthusiasts on a global scale. The Company’s ambition is to build a culture of excellence around both its brand and digital presence and to develop a lifestyle cross-over brand suited to the fast-growing esports market. Globally esports is currently valued at US$1.1bn and is projected to grow by 42% to US$1.56bn by 2023.

Guild welcomes MediaCom S&E as an accomplished agency with a proven track record and a wealth of partnerships and esports expertise that will enhance and strengthen the appeal of Guild’s expanding business. Guild’s appointment of MediaCom S&E dovetails with the agency’s recent expansion of its gaming business following recent work with Tencent, one of the world’s largest investors into esports broadcasting and publishing, alongside Cartier, Piaget and Richemont.

Carleton Curtis, executive chairman at Guild, commented: “We are excited to be working with MediaCom to spearhead Guild’s partnerships strategy. Their wealth of experience within the tech sector and their understanding of our core channels makes them a perfect fit in supporting the growth and establishment of Guild as one of the leading players within esports.”

Michelle Tierney, Director of Commercial Partnerships at Guild, said: “We are at a pivotal moment with Guild poised for accelerated growth. This is an exciting time to welcome MediaCom S&E who can build on the momentum of our launch, foster partnerships and bring Guild to new audiences across the globe.”

Misha Sher, global VP of MediaCom S&E, said: “We are delighted to be partnering with Guild at the beginning of their exciting journey. The popularity and appeal of esports as a cultural phenomenon continues to grow and Guild are perfectly positioned to capitalize on the momentum. Operating at the intersection of media, technology and culture, we know what’s required to attract commercial partners in a new, digitally led world. We thank Guild for their trust and look forward to helping them build one of the industry’s leading organisations.”

Guild’s inaugural teams for EA FIFA Esports and Rocket League debuted earlier this year and the Company will continue to scale into various esports disciplines over the course of the 2020/21 season. Guild’s professional athletes can also expect to compete in the popular title Fortnite.


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: Guild Esports appoints MediaCom S&E to support global partnerships strategy

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A look at how New Casino Sites are regulated

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casino-sign A look at how New Casino Sites are regulated

The new casino site industry is stronger than ever before. In fact, it can sometimes feel like there are new sites for players to select from every single day.

Although exciting for players, the fact is that not all of these sites are as secure as the next and so the question of regulation inevitably rises. When a new casino site launched, they must obtain a license from a regulatory body. Sites such as those newly listed at newcasinosites.me.uk have gained a license from a reputable organization yet elsewhere there remain those that are not totally legitimate.

In this article, we will take a look at how new casino sites are regulated. We will delve into what exactly it takes for a new site to receive a license from a top authority, specifically looking at the UK situation.

Let’s get started with a look at the foundations of online casino site regulation in the UK.

When did new casino site regulations begin in the UK?

Once upon a time, new casino sites were barely regulated at all. When online gambling first came to prominence in the early 21st century, sites had next to no legal obligation to their players. A scary thought indeed! Well, then came the Gambling Acts of 2005 and 2014 in the UK to save the day.

The first act of 2005 was the most influential piece of legislation. Essentially it cleaned up the UK online casino site business and put an end to the use of online sites for criminal activity such as money laundering.

Once this was taken care of, the UKGC was launched and sites looking to operate had to pass a strict series of tests around fairness, security and more. Currently, new casino sites looking to launch from the UK can only use software developers certified safe by the UKGC. This essentially put an end to unfair games operating in the UK.

Then, in 2014, the UKGC also stated that advertising of online casino sites should be targeted only to players over the age of eighteen. What’s more, players would also have to input their age at the point of sign-up from then on.

The idea behind the UKGC and the acts of 2005 and 2014 is to regulate the gambling industry and ensure that there is no return to the wild west of the early 2000s.

How are new casino sites regulated today?

To this day, the UKGC is considered to be one of the most strictly controlled of any body on earth. Sites wishing to gain a UK license must stick to a rigid set of guidelines if they are to obtain a license, all designed with consumers in mind.

So what exactly does this look like? Well, areas like segregation of funds are key to the UKGC, ensuring that no criminal activity is going on behind the scenes. As a strict regulatory body, the UKGC looks to ensure that it covers everything from credit rules, fair play and morally upstanding advertising.

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