Kxhan

New Zealand’s Groundbreaking Online Casino Regulation Framework

The New Zealand government is poised to introduce its first-ever regulatory framework for online casinos, set to be implemented by 2026. This initiative aims to minimize harm, support tax collection, and ensure robust consumer protections for New Zealand players. The government’s strategy represents a significant shift in the country’s approach to online gambling, marking a…

Kindred’s Remarkable Q2 Performance

Kindred has proudly announced robust Q2 results, showcasing a 7% year-on-year revenue increase to £327.6 million. Excluding its North American operations, which were finalized in Q2, the revenue growth stood at an impressive 8%. This success underscores Kindred’s strategic focus on key markets, leading to a substantial uplift in their financial performance. Kindred’s underlying EBITDA…

Summer Sports Betting Frenzy: Opportunities and Innovations

The packed summer sporting schedule presents a golden opportunity for gambling companies to attract new customers and drive significant revenue gains. Industry leaders from Betfred, Paddy Power, and Kambi are strategically positioning themselves to capitalize on this period, offering innovative products and targeting new betting markets. The excitement kicked off with the start of Euro…

Bulgaria Strengthens Anti-Money Laundering Measures in Gambling Sector

Bulgaria has taken significant steps to fortify its anti-money laundering (AML) measures, particularly within the gambling sector. According to a follow-up report by Moneyval, a Council of Europe oversight body, these improvements now align Bulgaria’s AML regulations with international standards. This progress is a marked shift from the previous findings, highlighting the country’s commitment to…

Swiss Federal Council Grants New Casino Licenses from 2025

The Swiss Federal Council has announced a landmark decision to grant all casinos new licenses starting from 2025. This strategic move aims to reshape the casino landscape in Switzerland, ensuring that the industry continues to thrive under a secure and responsible framework. Following a delegate meeting of the Swiss casino industry on May 22, it…

Germany Initiates Extensive Study on TV and Internet Gambling Advertisements

The German Federal Gambling Authority, known as the Gemeinsame Glücksspielbehörde der Länder (GGL), has launched a comprehensive review aimed at evaluating the influence of television and internet gambling advertisements. This study will also investigate the impact on problem gambling and vulnerable groups within the population. Evaluating the 2021 Gambling Ad Regulations in Germany Titled “Gambling…

OPAP’s Online Casino Growth Fuels 4.2% Revenue Increase in Q1

In the first quarter of 2024, OPAP experienced significant growth in its online casino sector, which contributed to a 4.2% year-on-year increase in total revenue, reaching €549.7 million (£467.5 million/$593.3 million). The Greek gambling conglomerate also reported strong performance in its lottery division, further bolstering its financial results for the period. The company’s Gross Gaming…