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Dutch Regulator Expects to Issue 35 Online Gambling Licences

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The Netherlands Gaming Authority Kansspelautoriteit (KSA) is expecting that it will have to grant around 35 online gambling licences, after its iGaming regulation comes into force.

KSA said it expects to receive around 40 licence applications, many of which will come from international operators, when the Remote Gambling Act comes into effect on April 1.

The regulator has stated this in its annual report 2020, alongside key requirements for licence holders, and the additional powers granted to the KSA to tackle illegal gambling activities.

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The report reaffirmed the importance for operators to abide by the parts of the Remote Gambling Act concerning addiction prevention and consumer protection.

Notably, all operators must check players against the “Cruks” self-exclusion database, as well as providing the Control Database (CDB) with their own data captured from games, allowing the KSA to carry out remote monitoring of game systems. Cruks and the CDB went into construction in 2020, with follow-up actions still required in the early months of 2021 to make the systems operational.

An extension of the gambling levy will also be used to set up an Addiction Prevention Fund, with proceeds being used to provide anonymous treatment of gambling addiction, and research prevention and treatment.

KSA also revealed in the report that it made €8.2m in gambling taxes in 2020, up 12.3% plus €644,000 from fees, down 41.5%.

The report also mentioned licensing data for slot arcades, where the KSA granted 43 permits in 2020 and denied nine. A further 10 applications were withdrawn while seven applications were approved after changes were implemented.

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KSA added that there was a decrease in online gambling web traffic throughout 2020, which it said was due to sports cancellations.

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FDJ Announces its First Bond Issue

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La Française des Jeux (FDJ), one of Europe’s leading betting and gaming operators, will meet investors over the next days with a view to launching its first bond issue, subject to market conditions.

FDJ recall that, on 7 November, Moody’s assigned the Group a long-term credit rating of Baa1 – stable outlook.

With a total value of €1.5 billion, in 3 tranches with maturity of 6, 9 and 12 years, the bond issue would be used to refinance most of the €2 billion bridging loan, drawn on 7 October to finance the acquisition of Kindred shares for nearly €2.5 billion. The bonds will be listed on the Euronext regulated market in Paris.

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Furthermore, FDJ is finalising a €400 million syndicated loan with top-tier French and international banks, which will be repaid over 5 years. This financing is also intended to repay the bridging loan which will be settled with Group’s cash.

The post FDJ Announces its First Bond Issue appeared first on European Gaming Industry News.

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CT Interactive Shortlisted in Two Categories at BEGE Awards 2024

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CT Interactive has announced that it was shortlisted in two categories for the upcoming prestigious BEGE Awards 2024. The company has been recognised for its exceptional contributions to the online gaming industry by being among the finalists for Online Game of the Year for the innovative and engaging game Doctor Winstein Buy Bonus and Online Provider of the Year.

The BEGE Awards, which celebrate excellence and innovation in the gaming and entertainment industry, will be held on November 27, 2024, at the Club Black & White in the Grand Hotel Millennium, Sofia.

This year’s nominations reflect CT Interactive’s dedication to creating top-tier gaming experiences and its continuous efforts to push boundaries in the online gaming world.

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“Being recognised in these two categories is a testament to the hard work and creativity of our entire team. We are thrilled to be among the industry’s finest at the BEGE Awards once again,” said Monika Zlateva, CCO at CT Interactive.

The post CT Interactive Shortlisted in Two Categories at BEGE Awards 2024 appeared first on European Gaming Industry News.

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Public Voting Starts for Ortak x B.F.T.H. Arena Awards 3.0

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The highly anticipated Ortak x B.F.T.H. Arena Awards 3.0 has officially entered the public voting phase as submissions are closed.

More than 70 game providers have turned in over 160 submissions, including Tom Horn Gaming, Pragmatic Play and RubyPlay. Public voting involves enthusiasts casting their votes to pick the winner of the Game of Public Choice category.

The Public voting phase ends on December 1st 23:59 GMT+4.

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Concurrent to public voting, the first phase of private voting also starts during which all participants who have submitted entries get the chance to vote for one favourite in each category. An international auditing company oversees this phase to eliminate duplicate votes and self-votes. This phase ends on November 19, 23:59 GMT+4.

The second phase of private voting will also take place with a jury of industry experts making their decisions based on the shortlist picked by participants during the first phase.

The post Public Voting Starts for Ortak x B.F.T.H. Arena Awards 3.0 appeared first on European Gaming Industry News.

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