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Betfair Secures Brazil License with £3.9 Million Payment
Betfair has joined the list of companies licensed to operate in Brazil’s regulated gambling market by paying the £3.9 million fee required for approval. The license enables Betfair to provide services through its Betfair Sports, Exchange, and Casino brands. Kimberly Daly, Betfair’s General Director, highlighted the company’s commitment to responsible gambling and collaboration with the Brazilian Institute of Responsible Gaming to establish strong industry standards.
Gambling Minister Targets White-Label Operators in the UK
Baroness Twycross, the UK’s Gambling Minister, has announced plans to investigate the impact of white-label operators in the UK, particularly those using Premier League sponsorships to target markets outside Britain. She emphasized a need for industry collaboration on advertising standards and safer gambling messaging, warning that further regulatory actions may be taken if required.
Italy Reports Decline in Gambling Tax Revenue for 2024
Italy’s Customs and Monopolies Agency (ADM) has reported a 6% drop in gambling tax revenue, collecting €8.05 billion by September 2024. A revamped licensing framework introduced in November aims to modernize the market, with new nine-year licenses priced at €7 million each. ADM expects to generate €350 million from concession fees and an additional €100 million annually.
Baroness Twycross Calls for Industry Action on Gambling Ads
At the GambleAware conference, UK Gambling Minister Baroness Twycross urged gambling operators to work collectively to limit advertising, focusing on collaboration with academics and harm prevention groups. She emphasized balancing the industry’s contributions with safeguarding vulnerable individuals and pledged to address the issue of white-label operators promoting foreign platforms.
Scientific Games Becomes Ohio Lottery Technology Partner
Scientific Games has been chosen to provide new gaming technology for the Ohio Lottery, supporting its goal to enhance K-12 education funding. The partnership includes advanced gaming systems, self-service terminals, and retailer support tools, continuing Scientific Games’ long-standing collaboration with the lottery.
Aristocrat Interactive Partners with Big Bola in Mexico
Aristocrat Interactive has expanded its presence in Mexico by partnering with Big Bola to provide a Player Account Management system, sportsbook solutions, and retail betting terminals. The collaboration aims to deliver a unified gaming experience across online and land-based platforms.
BHA Appoints Interim CEO Amid Leadership Transition
The British Horseracing Authority (BHA) has named Brant Dunshea as Interim CEO following the departure of Julie Harrington. The BHA plans to announce a permanent CEO early next year to address ongoing issues, including the Horseracing Levy and affordability checks impacting the racing industry.
High Roller Technologies Posts 30% Revenue Growth Post-IPO
High Roller Technologies reported a 30% quarterly revenue increase, reaching $7.5 million, following its NYSE IPO in October. The company attributes this growth to improved marketing efficiency and cost optimization, signaling confidence in its strategy to expand its VIP gaming offerings.
Dutch Regulator Cracks Down on Betting on Underage Sports
The Netherlands Gambling Authority (KSA) has found seven licensed operators guilty of offering bets on youth football matches, a prohibited practice due to manipulation risks. The operators have been ordered to cease these activities immediately, with the KSA pledging continued enforcement against such violations.
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