Industry News
How Will Brexit Affect Europe’s Gambling Industry?
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The Brexit has had profound effects on almost every industry, including the gambling industry.
Many gambling sites may find themselves unsure of whether they are legal after Brexit, leading them to stop offering their content to UK readers. This may make it harder for you to verify whether or not a site is legitimate or research the pros and cons of using a site before you start putting your hard-earned cash into it.
One site that is not going anywhere and offers trusted reviews and insight from real gamblers is AskGamblers. The site is committed to finding the best new online casinos and providing you with insight into whether they are worth your time or not.
In the world of physical gambling, you might notice some of your favourite casinos closing down or reducing their games in the future. That is because the UK’s moving to a points based immigration system, which will make it harder for workers without skills to come to the country.
The UK has strict rules for companies that allow gambling, including requiring them to have a license. Many companies headquartered internationally may find themselves having to apply for a separate licence to operate in the UK. Gambling licenses cost money, and if companies have to buy a separate one to operate in the UK, then firms may withdraw from the UK market.
When the UK was in the EU, it abided by the union’s rules, including its strict anti-money laundering rules. Now that the UK has left, it has the power to set and change its rules, meaning that companies operating internationally may find themselves having to abide by two sets of rules. Companies operating solely in the UK may find that the rules change, meaning that they may have to adapt their processes.
Gambling companies based in Gibraltar may struggle a lot. Gibraltar might just be a small island off the coast of Spain, but it plays a big part in the UK’s gambling industry. Currently, Gibraltar is a British territory, although there are talks that Spain may try to regain control over it.
As it is a British territory, Spain may choose to close its border to Gibraltar now the UK’s out of the EU. If that happens, gambling companies would struggle to get the staff they need. That might lead major sites to move out of Gibraltar.
So, any changes to the country’s laws could spell big trouble for the gambling market as a whole.
Industry News
IGT Achieves Improved ESG Score from FTSE Russell
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International Game Technology PLC announced that it has achieved an environmental, social and governance (ESG) Score of 4.3 out of 5.0 from FTSE Russell, positioning IGT in the 97th percentile within the Travel and Leisure sector of FTSE Russell’s ESG Scores. This was an improvement from IGT’s previous ESG Score of 4.2 out of 5.0 in 2023, demonstrating its ongoing commitment to enhancing ESG performance.
“As a company committed to continually elevating our sustainability practices and leadership, IGT is proud to once again achieve an improved ESG score from FTSE Russell. Through our global Sustainable Play program, we execute sustainable practices and policies throughout our company and this improved score validates our ongoing efforts,” Wendy Montgomery, SVP of Marketing, Communications and Sustainability at IGT, said.
FTSE Russell’s ESG Scores and data model allows investors to understand a company’s exposure to, and management of, ESG issues in multiple dimensions. The ESG Scores are comprises an overall rating that breaks down into underlying pillar and theme exposures. Scores built on over 300 individual indicator assessments are applied to each company’s unique circumstances. The ESG Scores align with the UN Sustainable Development Goals (SDGs), all of which are reflected in FTSE Russell’s ESG framework.
The post IGT Achieves Improved ESG Score from FTSE Russell appeared first on European Gaming Industry News.
Industry News
Super Group Appoints Merrick Wolman to its Board of Directors
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Super Group has appointed Merrick Wolman to its Board of Directors, effective from February 18, 2025.
Mr. Wolman is the Chief Executive Officer of a global finance company and has worked closely with the Super Group executive team for over two decades.
Neal Menashe, Chief Executive Officer of Super Group, said: “We are very pleased to welcome Merrick to the board. His deep understanding of the gaming industry, alongside his wide range of experience in executive roles, will be of great value as we continue to pursue our global growth strategy and build on our successes to date.”
This appointment brings the total directors on Super Group’s board to nine, including five independent directors.
The post Super Group Appoints Merrick Wolman to its Board of Directors appeared first on European Gaming Industry News.
Industry News
Kindred Reports Decline in Revenue from High-risk Players for Q4 2024
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Kindred Group has reported decline in its share of revenue from high-risk players for the fourth quarter 2024 at 2.7% (Q3 2024 3.2%). The percentage of detected customers who exhibited improved behaviour after interventions showed an improvement at 92.2% (compared to 87.3% in Q3 2024). This positive trend is mainly the result of stricter measures across key markets, improved internal processes, as well as the exit from non-locally licensed markets as part of to the acquisition by La Française des Jeux (FDJ) in October 2024. This shift reflects Kindred’s broader commitment to maintaining high regulatory standards and fostering safer gambling practices.
“It is pleasing to see the decline in high-risk revenue during the fourth quarter of last year. We know that the share fluctuates between quarters, but the long-term trend is showing a steady decline. We remain dedicated and focused on improving our systems and processes to ensure we offer our customers a safe and fun experience,” Esther Scheepers, Head of Responsible Gambling at Kindred Group, said.
“The increased focus on responsible gambling by regulators and the industry is welcomed. From our end, we see that by combining our expertise with emerging technologies, we can further enhance detection capabilities. We are currently working on our existing detection system in combination with an additional system that will enable us to integrate more robust compliance features and optimize our overall approach to safer gambling. Furthermore, we are exploring opportunities to expand our research efforts, aiming to support data-driven discussions and looking at emerging trends in consumer protection. All these aspects are important to protect the integrity of the licence model and maintain a level playing field,” Esther Scheepers added.
The post Kindred Reports Decline in Revenue from High-risk Players for Q4 2024 appeared first on European Gaming Industry News.
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