Topics: People Strategy People Bet365 confirms Malta move but commits to Gibraltar Tags: Mobile Online Gambling Bet365 has confirmed that it will open a new office in Malta but rejected reports of a mass relocation of staff from Gibraltar AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 22nd May 2018 | By contenteditor Regions: Europe Southern Europe Gibraltar Malta Bet365 has confirmed that it will open a new office in Malta but rejected reports of a mass relocation of staff from Gibraltar. Over the weekend, reports emerged that Bet365 was planning to move a large number of employees to a new site in Malta after the UK leaves the European Union (EU). The UK is due to exit the EU on March 29 next year and with plans still being put into place for this process, there is uncertainty as to where this will leave the British Overseas Territory of Gibraltar.However, a Bet365 spokesperson has now told the Gibraltar Chronicle that while the company is planning to open a new site in Malta, it remains committed to its facility in Gibraltar. “Due to regulatory developments in various jurisdictions and the evolving global regulatory environment for online betting and gaming, we have decided to increase our existing presence in Malta, which provides a mature and robust regulatory environment for the industry,” the spokesperson said. “It should be noted however, that the number of people reported as being relocated to Malta are wholly inaccurate. “Notwithstanding these plans for Malta, we can confirm that we will be retaining our strong presence in, and commitment to, Gibraltar where our main operational hub is based and will continue to maintain our existing dual regulatory and licensing strategy and presence.”Related article: Bet365 linked with post-Brexit Malta move Subscribe to the iGaming newsletter Email Address
AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Southern Europe Malta Betsson wants to be Malta’s employment favourite Tags: Online Gambling Roderick Spiteri Schillig is the company’s new head of employer branding and external relations Betsson has targeted the strengthening of its position in the competitive Maltese employment market after appointing local specialist Roderick Spiteri Schillig as its new head of employer branding and external relations.The Ta’ Xbiex-headquartered betting operator already employs nearly 1,000 people in the jurisdiction, making it Malta’s largest employer in the sector. Spiteri Schillig will shape and implement its employer value proposition and handle the overall employer branding strategy.The former LeoVegas head of communications will also lead Betsson’s corporate communications team, taking care of relations with trade media and local media in Malta.Jesper Svensson, CEO of Betsson’s operations, highlighted the importance of the appointment in the company’s bid to “continue improving our position as the employer of choice on the island”.He added: “Roderick’s local knowledge and understanding of the iGaming industry will help us convey our message and share the Betsson experience.”Betsson employs 900 workers of 46 nationalities at its two offices in Malta, in St Julian’s and Ta’ Xbiex. Central functions based there include HR, legal and finance, customer service, digital marketing and technology.Spiteri Schillig said: “Being the largest gaming organisation in Malta with more than 900 employees gives us the opportunity to bring about positive change within the communities we work in.” Email Address Topics: Strategy 6th July 2018 | By contenteditor Subscribe to the iGaming newsletter Strategy
Banana Jones is on a quest to save the coveted, magical Crystal Banana. He must reach the temple before the Crystal Banana ends up in the hands of the evil Leopold the Leopard and his army of snakes. Your mission is to help Banana Jones navigate his way through the ominous Temple and find the Crystal Banana while battling the slimy snakes of Leopold. Companies: RTG Asia Casino & games Subscribe to the iGaming newsletter Banana Jones by RTG Asia Topics: Casino & games Slots AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 29th August 2018 | By Aaron Noy Email Address Banana Jones is on a quest to save the coveted, magical Crystal Banana. He must reach the temple before the Crystal Banana ends up in the hands of the evil Leopold the Leopard and his army of snakes. Your mission is to help Banana Jones navigate his way through the ominous Temple and find the Crystal Banana while battling the slimy snakes of Leopold.
1st October 2019 | By Daniel O’Boyle A Northern Irish government department will hold a public consultation on problem gambling, a spokesperson for the department has told iGaming Business.A spokesperson for the Department of Communities for Northern Ireland said it intends to hold the consultation in order to ensure the next minister for communities is well-prepared to create a new gambling policy when the Northern Ireland Executive and Assembly sit again after collapsing in 2017.“The Department for Communities is responsible for policy and legislation relating to gambling and keeps all legislation for which it is responsible under regular review,” the spokesperson said. “The Department intends to carry out a public consultation, to include all stakeholders, on gambling issues in the near future. This preparatory work will ensure that an incoming minister can make a decision on the way forward on gambling as soon as possible after he or she takes up post.”Because of the absence of the Executive and Assembly, Northern Ireland — where gambling is regulated under the Betting, Gaming, Lotteries and Amusements (Northern Ireland) Order 1985 and not the Gambling Act 2005 — has not seen any new legislation regarding gambling passed in recent years. This includes the law passed in 2018 to reduce maximum stakes on fixed odds betting terminals (FOBTs), but operators in Northern Ireland have voluntarily introduced the same £2 limit in Northern Ireland as in the rest of the UK.Mark Baillie, policy officer for CARE NI, a charity that said it had been informed of the plans to hold the consultation, said it was extremely important to understand the scale of problem gambling in Northern Ireland and hoped that new policies regarding problem gambling could be introduced when the Executive and Assembly are restored.“We welcome excellent news that the Department of Communities are planning on holding a public consultation on gambling issues in the near future,” Bailie said. “It’s crucial this consultation is wide ranging and focuses on how we can get better information about the scale of problem gambling, as well as reforms to our existing laws. As Lord Duncan admitted in the House of Lords just a few weeks ago, we have an extraordinary problem with gambling here in NI.”“While for some gambling is just harmless fun, for a significant minority it causes actual devastation and the effects are felt by individuals, families and whole communities. Recent exposure of the flaws in our existing gambling laws is also just another reminder as to why we urgently need Stormont to be restored so our elected representatives can get on with their jobs of deciding on policies to protect vulnerable people, like problem gamblers.”Bailie added that he hoped the gambling industry would not have too great an impact over the consultation.“We look forward to more information from the Department of Communities on this important consultation soon and would only add that it is vital the consultation is not unduly influenced by the gambling industry,” Bailie said. Email Address Legal & compliance NI to hold problem gambling public consultation AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Legal & compliance A Northern Irish government department will hold a public consultation on problem gambling, a spokesperson for the department has told iGaming Business. Subscribe to the iGaming newsletter
Defence Ministry veteran set to lead Japanese casino regulator Japan’s government has nominated Michio Kitamura, former inspector general of legal compliance at the Defence Ministry, to head up its new Casino Management Committee regulatory body.Kitamura was one of several proposed appointments to the new regulatory body, which the government aims to formally establish in January next year.Hiroyuki Ujikane, the former chief of the National Tax Agency’s Nagoya Regional Taxation Bureau, as well as Noriko Endo, a professor at the graduate school of Keio University, Tateshi Higuchi, the former superintendent general of the Tokyo Metropolitan Police Department, and psychiatrist Michiko Watari have also been put forward to serve with the organisation.All appointments are subject to approval from the Diet, the Japanese parliament, with the government hoping to gain clearance before the end of the current Diet session on December 9.According to the Jiji Press agency, the government could face opposition over the appointments, with the Constitutional Democratic Party of Japan expected to challenge the move.Last month, the Japanese government set out plans for a five-person board to lead the Committee, with the aim of it commencing operations by 7 January 2020. The Committee will work as an independent arm of the country’s Cabinet Office, employing a total of 100 people.The Committee will incorporate financial supervision, regulatory supervision, planning, research and general affairs divisions. It will also take responsibility for handling licence applications for the three integrated resorts, as well as enforcing regulations and monitoring the market.Initially, the Committee was due to form in July, only for its establishment to be delayed. Following its formation, the final set of regulations are likely to be published, with some reports saying this could also take place in January 2020.Japan is yet to select integrated resorts sites as well as the operators that will run each resort. The first site is not expected to open until 2025 at the earliest.Regulations approved in March said resort operators will have to secure a casino business licence to construct their gambling hall, as well as a casino facility service licence to operate this venue. The gambling facilities must cover no more than 3% of the venue’s overall floor space. These regulations were put to the public as part of a consultation that launched in September, running until 3 October. Topics: Casino & games Legal & compliance Strategy Japan’s government has nominated Michio Kitamura, former inspector general of legal compliance at the Defence Ministry, to head up its new Casino Management Committee regulatory body. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 14th November 2019 | By contenteditor Regions: Asia Japan Casino & games Subscribe to the iGaming newsletter Email Address
Topics: Finance Email Address Stoiximan rebrands as Kaizen Gaming Regions: Europe Southern Europe Greece The group behind operators Stoiximan and Betano has rebranded as Kaizen Gaming. The group behind operators Stoiximan and Betano has rebranded as Kaizen Gaming.The Athens-headquartered group, which has interests in Greece, Cyprus, Romania and other markets such as Brazil, said the name change reflects the ‘kaizen’ business philosophy which focuses on continuous improvement throughout an organisation.The new corporate identity comes seven years after Stoiximan was founded, with the Kaizen umbrella to oversee the Stoiximan brand in Greece and Cyrprus, as well as Betano in Germany, Portugal, Romania and Brazil.It also comes soon after Greek gaming giant OPAP increased its controlling stake in the business in April.“This is a big day for us and our people,” Kaizen co-founder and chief executive George Daskalakis said. “Κaizen underlines the company’s overall philosophy and unites our course to date with the elements that will mark our future steps: People, Technology, Entertainment, Responsibility, Extroversion, Commitment and Contribution.“We aim to continue in the same way in which we set off, creating ‘made in Greece’ innovation that competes vigorously in the international environment, while maintaining our passion about constantly improving our products and services in order to provide a best in class customer experience.”Kaizen has around 300,000 active users and employs 700 people across its six locations. Tags: Online Gambling Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 13th July 2020 | By contenteditor Finance
“With the support of all parties we will achieve a swift recovery of the industry.” Casino & games 22nd September 2020 | By Aaron Noy Bogotá casinos and bingo halls cleared for reopening The Mayor of Bogotá, Colombia’s capital and largest city, has authorised the reopening of the city’s land-based gaming sector, meaning 515 casinos and 17 bingo halls can now reopen. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter According to industry association Fecoljuegos, during the six month shutdown, Bogotá missed out on COP65bn (£13.39m/€14.62m/$17.16m) in revenue towards its healthcare system, compared to the same period in 2019. Guidelines for keeping the venues safe were approved in August, and include the use of physical barriers to separate players at slot machines, with all devices to be disinfected after use. The consumption of food and alcoholic beverages will also be prohibited, in addition to restrictions on opening times and maximum capacity.Without a singular nationwide approval, however, it is down to individual municipalities to implement their own pilot plans for reopening. The first to introduce its pilot plan was the city of Cartago in August, followed shortly after by the nation’s second largest city, Medellín. “There will not be a limit on days of operation, but there will be restrictions on time of admission and capacity as approved by the Ministry of Health for each economic activity”. Mayor Claudia López confirmed that venues such as bars, discos and other dance venues, music concerts and other large-group activities taking place indoors, will not be allowed, but that “any activity that has already issued [a] biosafety protocol can operate by applying it”. Fecoljuegos president Evert Montero Cárdenas described the step as an important achievement on the path to reopening the sector. He that the industry has worked “with responsibility and dedication to [develop] the biosecurity protocols, demonstrating that ours is a responsible industry which puts the health and safety of its staff and clients first”. The Mayor’s approval means 7,000 employees in the capital will now be able to return to work, and Colombia’s healthcare system will resume receiving the income it has been denied for some six months while the gaming industry was shut down. Regions: LATAM Colombia Topics: Casino & games Legal & compliance Regulation Email Address
Land-based casino The operator’s chief financial officer Stephen Cootey said its properties had seen post-reopening trends continue throughout the second half, with a younger demographic increasingly visiting the casinos. Spend per visit increased, with more time spent on devices, and the core customer’s return had been “slow but steady”. Subscribe to the iGaming newsletter Topics: Casino & games Finance Land-based casino Full year results 2020 Q4 results 2020 Results 2020 After a $24.1m gain from the operator’s non-controlling stake in other interests, this was reduced slightly to $150.4m, though this was still far above the $3.4m loss reported for the prior year. Regions: US Nevada Red Rock sees losses widen after Covid-19 hit in 2020 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Management fees from properties it operates on Native American lands were down 10.6% at $81.4m, and corporate revenue made up the remaining $6.6m. 10th February 2021 | By Robin Harrison Operating costs for the year declined 34.5% to $1.09bn, comprised predominantly of selling, general and administrative costs, casino expenses, as well as food and beverage spending. However across these main outgoings, spend was down year-on-year. Email Address Interest expenses and other financial costs then fell to $150.1m, leaving a pre-tax loss of $60.5m. After taxes of $114.1m – compared to a $1.7m income tax benefit for 2019 – Red Rock’s net loss for the year came to $174.5m. As well as the $81.4m in Native American management fees, Red Rock reported a further $56.3m in revenue from other sources. Looking at revenue by source, casino was by far the main contributor, bringing in revenue of $764.3m. Food and beverage revenue was more than halved to $192.9m, as did revenue from its hotels, to $87.0m. Read the full story on iGB North America. Full-year revenue declined to $1.18bn (£853.5m/€974.1m). Its core Las Vegas locals business accounted for $1.09bn of the total, down 37.8%. Tags: Red Rock Resorts Casino operator Red Rock Resorts saw revenue fall 36.3% year-on-year in 2020, and its net loss widen, due to the 79-day statewide shutdown and subsequent social distancing measures in place for its Nevada properties. Depreciation and amortisation expenses, however, rose marginally to $231.4m. This left an operating profit of $88.6m, down 52.4%, rising marginally to $89.7m after Red Rock’s share of joint venture profits was factored in.
Las Vegas Sands also announced the combined group’s revenue last month. Revenue fell 73.7% to $3.61bn while the operator made a $2.18bn loss. The casino revenue of $1.17bn came as turnover fell 81.3% to $19.67bn, down 81.3%. This was made up of $12.1bn in VIP chip turnover, $4.65bn in non-VIP chip turnover and $2.92bn in slot turnover. Sands China revenue plummets in 2020 due to Macau travel restrictions “Mr. Adelson was a visionary,” Golstein said. “He pioneered the development of the Cotai Strip in Macao, leading the company and the team he created in the rapid and market-leading development of a critical mass of world-class integrated resorts in Macao. Email Address Food and beverage revenue dropped 80.2% to $59m and convention, ferry, retail and other revenue was down 80.0% at $46m. Tags: Las Vegas Sands Sheldon Adelson Sands CHina Robert Goldstein After a net interest expense of $268m, Sands China’s pre-tax loss was $1.51bn, compared to a $2.03bn in 2019. After $16m in tax expenses, the operator’s loss was $1.52bn, which again compared to a $2.03bn 2019 profit. Breaking revenue down by resort, the Venetian Macau remained Sands China’s top property, though revenue dropped 79.0% to $738m. “The company, with the full and wholehearted support of the board and the Adelson family, will continue to honor Mr. Adelson’s vision and commitments, including through additional investments that will contribute to the diversification of Macao, while building upon his legacy.” Subscribe to the iGaming newsletter The decline in revenue was similar to the decline seen across the Macau gaming market, with GGR down 79.3% for the year. While 2020 was a difficult year for the operator, chief executive Robert Goldstein expressed confidence that gaming in the region would recover strongly. Land-based casino 19th February 2021 | By Daniel O’Boyle Goldstein also honoured Las Vegas Sands founder Sheldon Adelson, who died last month at the age of 87. This included $625m in gaming taxes, down 81.7%, and $1.05bn in employee benefits, 19.7% less than 2019, as well as $684m in depreciation and amortisation costs and $544m in other expenses. Sands China, the Macau-focused subsidiary of Las Vegas Sands, made a loss of $1.52bn, representing three-quarters of the parent company’s 2020 loss, after revenue dropped 80.8% to US$1.69 billion amid travel restrictions. The Londoner Macau – formerly Sands Cotai Central – saw revenue plummet 85.5% to $297m. The Parisian Macau, meanwhile, saw revenue drop 84.3% to $259m. Sands China’s expenses also declined rapidly, by 55.2% to $2.93bn. Topics: Casino & games Finance Land-based casino Full year results 2020 The Plaza Macau was Sands China’s most resilient resort, but revenue still dropped 69.8% to $265m. Sands Macau revenue was down 80.8% to $120m. Ferry and other operations revenue was down 84.6% to $21m. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “While the pandemic and related travel restrictions negatively impacted the market in 2020, we firmly believe the Macao market will recover and will benefit in the future from the meaningful infrastructure investments being made in Macao and throughout the Greater Bay Area,” Goldstein said. “Mr. Adelson’s commitment to pushing forward with diversification and investment in non-gaming amenities in Macao was unwavering, as was his belief in a strong, healthy and cordial US-China relationship, based on mutual respect. Regions: China Macau Casino gaming brought in $1.17bn in revenue, down 83.3% while rooms produced $144m, down 80.3%, and shopping mall revenue declined 49.3% to $269m.
Full year results 2020 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Looking only at the fourth quarter of 2020, revenue came to SEK6.79bn, the highest ever figure for a single quarter in Sweden and 2.1% more than Q4 of 2019. This was mostly due to online revenue breaking the SEK4bn barrier for the first time at SEK4.19bn. 2nd March 2021 | By Daniel O’Boyle Online betting and gaming made up SEK15.16bn of this total, up 8.1% year-on-year. Gambling revenue in Sweden came to SEK24.69bn (£2.11bn/€2.44bn/€2.93bn) in 2020, down just 0.4% from 2019, as online growth cancelled out declines in the land-based sector. Svenska’s Spel’s Tur state lottery and Vegas line of slot machines saw revenue fall by 8.1%, to SEK5.44bn. Charitable lotteries brought in a further SEK3.55bn, up 4.0% while bingo revenue was down 21.9% to SEK182m. Restaurant casinos brought in SEK166m, down 26.9%. Topics: Casino & games Lottery Bingo Land-based casino Online casino Slots Full year results 2020 Q4 results 2020 Swedish 2020 GGR steady as online growth offsets land-based decline Spelinspektionen added that, according to analysis from H2 Gambling Capital, unlicensed gambling operators’ revenue from Sweden fell between SEK2.4bn and SEK2.8bn. Regions: Nordics Sweden Subscribe to the iGaming newsletter The state-owned operator’s Casino Cosmopol land-based casinos, the only such venues in the country, were closed for the vast majority of the year to limit the spread of the novel coronavirus (Covid-19). As a result, revenue was down 79.9% to just SEK196m. Tags: Spelinspektionen Tur and Vegas revenue came to SEK1.54bn, while charity lotteries brought in SEK982m and bingo revenue was SEK44m. Restaurant casinos brought in SEK32m, while all Casino Cosmopol casinos were closed. The continued growth of online revenue came despite the country requiring operators to bring in a SEK5000 mandatory deposit cap for online casino games from June. The cap was originally planned to be in place until the end of 2020, but was then extended to June 2021. Email Address