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The Sports Betting

October 26th General news ... The Sports Betting at thesports-betting.com

FEDERAL GAMBLING REGULATION SOUGHT IN ARGENTINA
2014-07-09

If you thought the legislative and regulatory regimes for online gambling in the United States were complicated, spare a thought for Argentina operators struggling with different systems in 23 provinces and one autonomous city.

That could change going forward if the Association of Lotteries, Pools and Casinos (ALEA) - a trade association representing the interests of gambling companies in the South American nation - is successful in lobbying for a federal regulatory framework that respects the rights of the provinces but provides a more cohesive and consistent system for regulating online gambling throughout the country.

ALEA is currently working on a draft that it says will bring a more honest and coordinated approach to regulation and exclude unlicensed operators who do not contribute to the community or the government tax coffers.

It's a long overdue overhaul of a confusing and allegedly corrupt, fragmented system which saw its first online casino licence issued as long ago as 2002, although only four licenses have been issued since then; all of them by provincial authorities.

ALEA is betting that the national government, presented with an opportunity to boost its scarce revenues and institute a nation-wide regulatory regime at the same time, will look favourably on the new proposals, which are said to include the usual precautions against underage, problem or criminal activity, alongside stringent probity and software accreditation and a physical presence in the country.

The proposed tax rate, always a key element in these situations, is at present not known.




MARKETING PUTS GAMING REALMS IN THE RED
2014-06-17

Online gambling group Gaming Realms NFL Lines has reported a mixed bag of financial news for the six month period to end March 2014, noting that revenues soared 400 percent to GBP 3.6 million in the period and player acquisition is good, but that aggressive marketing has created a loss prior to taxation of GBP 4.9 million (2013 same period GBP 3.4 million loss).

Chief executive Patrick Southon is unperturbed by the loss, saying that it was expected due to heavy marketing and is in line with the company's overall financial strategy.

"We are pleased with our growth in player acquisitions and revenue. In accordance with our business strategy and financial plan, we invested aggressively in marketing, which has translated into a solid foundation for the future growth of our business, he said Monday.



BWIN EXECS IN LINE FOR A FRENCH FINE?
2014-04-08

In the days before online gambling was legalised in France, Bwin founders Norbert Teufelberger and Manfred Bodner found themselves in conflict with the French authorities over soccer sponsorships with French clubs and other online gambling activity.

Those disagreements have persisted to the present, and a recommendation by a French court in Nanterre this week that a Euro 40,000 fine be imposed on the two online gambling executives.

Back in 2006 the French companies dominating the French betting landscape, La Franaise des Jeux and Pari-Mutuel Urbain, complained about Bwin's online gambling activities in the country.

Although the companies subsequently withdrew their complaints, French prosecutors continued to investigate, and the two online gambling executives were briefly detained whilst launching the Bwin sponsorship of a Monaco soccer team (see previous InfoPowa reports).

The case, which involves allegations of wrongdoing going as far back as 2003, has continued to lumber along despite the radical changes to the internet gambling scene in France that have taken place. These have included Bwin being among the first companies to acquire French online gambling licenses.

It looked as if the matter would finally be brought to a conclusion in September 2013, when a court hearing was scheduled, but flaws in communication meant that Teufelberger and Bodner did not present themselves before the court.

The matter was rescheduled to this month, when the duo would have an opportunity to put forward the company's view that there was no wrongdoing and that its activities have always been in compliance with European Union law and principles, and opinions by the European Commission appear to support that view.

The news broke this week that the French court - perhaps prematurely, bearing mind Bwin's claims of innocence and the lack of a judicial hearing of its case - has recommended the imposition of a Euro 40,000 fine.

How Bwin handles this situation will be watched with interest; in 2012 the company also faced trouble with the authorities in Belgium over its online activities in that country, a situation which it resolved by reaching an agreement with Belcasinos, a Brussels casino group owned by Partouche, to offer Party-branded online gambling under licence from the Belgian Gambling Commission.