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The GBGA is Proud to Announce the Formation of the Gibraltar Gambling Care Foundation

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The Gibraltar Betting and Gaming Association (GBGA) is proud to announce that it has completed the set-up, formation and funding of the Gibraltar Gambling Care Foundation (GGCF) as a registered charity.

The primary aims and objectives of the GGCF are to fund research into areas that will provide consumers, gaming industry leaders, and Government regulators with usable empirically based knowledge about how to: minimise gambling harm; reduce the impact of gambling disorders and protect at risk consumers.

The GGCF will be operated independently from the GBGA under the support and guidance of  councillors Stephen Reyes and Selvan Soobiah with Belvedere Trustees Limited as corporate councillor and will initially predominately fund research that will take place at the Centre of Excellence in Responsible Gaming (CERG) that is being set up by the University of Gibraltar. The GGCF has currently raised over £2.5 million from Gibraltar gaming companies to fund the setting up of the CERG and fund it for, initially at least, the next 3 years.

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The Gibraltar Gambling Care Foundation will use the money raised to fund the research primarily through the CERG into areas such as:

  • the impact of problem gambling on individuals, families and society and the means of mitigating negative impacts
  • the prevalence of gambling addiction or other problematic behaviours and mitigation factors to prevent such adverse impacts from gambling
  • practical solutions that gambling operators can implement to minimise the harm associated with problem gambling
  • standardised identification, monitoring and measuring criteria for problem gambling and responsible gambling measures implemented to avoid problem gambling
  • the creation, co-ordination and management of a database of online gaming industry information that can assist with research into problem gambling and responsible and safer gambling measures

Nigel Birrell, GBGA Chairman commented; “This is a pivotal step change for all Gibraltar Licensed Operators and the Jurisdiction as a whole. Having now raised an initial £2.5 million from Gibraltar Licensed Operators, we are proud to be able to hand over a well-funded foundation to Stephen and Selvan to progress Responsible Gaming Research and Development. This could not have been achieved without the open and constant support of the University of Gibraltar, who have set up this centre to help drive a change in customer protection. The GBGA, via the GGCF will be supporting the creation of an industry leading research programme aimed at exploring solutions to minimise gambling related harm and the creation of open-source databases for academic studies.

“On behalf of the GBGA I would also like to thank the Government of Gibraltar and in particular the Minister for Gaming Albert Isola and the Gambling regulator Andrew Lyman for their unwavering support and also Peter Montegriffo of Hassans for his assistance in establishing the Foundation.”

Stephen Reyes, Chairman of the Gibraltar Gambling Care Foundation said; “We are thrilled that the Foundation is up and running and that we can now commence the funding of research into these critically important areas with the support of the University of Gibraltar.  Gibraltar is known globally as a premier jurisdiction in the online gambling area, so it is great that as an industry the operators have come together and set up and formed this charitable Foundation to invest in academic research to inform effective initiatives to encourage responsible gambling and prevent gambling harm.”

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Expansion of Amusnet and Olybet partnership into Spain

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With successful operations on Olybet in Estonia, Latvia, Lithuania, Croatia, and Italy, Amusnet is proud to extend its reach to Spain through a partnership with Olybet.es. This collaboration reflects Amusnet’s ongoing commitment to expanding its global footprint and providing innovative gaming solutions across diverse markets.

“Being already live on Olybet in different European countries, we are excited to introduce our diverse portfolio of games to Spanish players through the esteemed operator. This partnership is another successful step in the company’s strategic expansion focused on solidifying Amusnet’s position as a leading global gaming provider,” said Edwin Cruz, Managing Director at Amusnet Spain.

“We are excited about this collaboration between Olybet and Amusnet in the Spanish market! Considering that Amusnet is a provider with whom we are currently present in other markets, we know that this commitment follows the dynamic of providing the best possible experience to our users through innovative and quality content. Welcome aboard, Amusnet! Together, we will take the excitement of the casino to the next level,” commented Raúl García, Casino Manager at Olybet.es.

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The partnership of the company and the operator in Spain kicks off by launching a batch of 40 games, some of which are 20 Golden Coins, 100 Power Hot, Extra Crown, Shining Crown, Cocktail Rush, Secrets of Sherwood, Fruits & Gold, Diamond Plus, 40 Super Hot, Candy Palace, Phoenix Star, 40 Bulky Fruits, Burning Hot, 20 Hot Blast, Flaming Hot Extreme. Players will be able to enjoy a variety of slots with different volatilities, paylines and themes.

20 Golden Coins is an innovative, modern video slot with immersive graphics and thrilling features like Mystery Nudge and Bonus Coins. Players can dive into the medieval theme of Secrets of Sherwood, which offers adventurous gameplay filled with hidden riches, stacked symbols and exciting Free Spins.

The post Expansion of Amusnet and Olybet partnership into Spain appeared first on European Gaming Industry News.

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Bacta issues rallying call following General Election delay to gambling reforms

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Bacta, the trade body which represents the UK low stake gaming and amusements sectors is urging an incoming government to ‘finish the job’ of modernising gambling regulations and in the process to continue the industry’s support of regional economies throughout the country.

In a message to members released shortly after Prime Minister Rishi Sunak called a surprise General Election for July 4th, Bacta President John Bollom said: “A snap General Election was always the biggest risk to getting the Gambling White Paper reforms passed into law.

“I am asking every Bacta member to contact their parliamentary candidates – especially the Labour Party candidates – to encourage them to support the land-based gambling reforms.

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“We will be issuing advice to members on how to do this in the coming days.

“It is imperative, if there is a change in Government, that the Labour Party finishes the job and supports modernisation of our sector to support both the High Street and seaside towns.

“The reforms are so vital for our sector. I like to think they may have been delayed not derailed. Our campaign continues.”

The post Bacta issues rallying call following General Election delay to gambling reforms appeared first on European Gaming Industry News.

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Swedish BOS rejects the proposal “A new ban on gambling on credit”

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The Swedish Trade Association for Online Gambling (BOS) submits its statement to the Ministry of Finance on the memorandum “A new ban on gambling on credit”, in which a ban on credit cards for gambling is proposed.

BOS rejects the proposal. This is justified by Gustaf Hoffstedt, Secretary General of the Swedish Trade Association for Online Gambling, among other things through the proposal’s negative consequences on channelization.

If the government nevertheless goes ahead with the proposal, BOS proposes that the obligation not to mediate payments for gambling purposes be imposed on those issuing credit cards rather than on gambling operators. In this way, it will be prohibited for credit card issuers, under the supervision of the Swedish Financial Supervisory Authority (Finansinspektionen), to mediate payments via credit cards for all gambling companies, including illegal and/or unlicensed gambling companies. Almost half of the Swedish online casino market is unlicensed and/or illegal due to heavy restrictions of the licensed market.

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In the name of consumer protection Sweden should not add new restrictions on consumers that still place their bets on the legal gambling market. That is the main reason for us to turn this suggestion down. Should the government want to proceed with a credit card prohibition on gambling, we suggest that such restriction is directed not towards gambling operators but credit card issuers, since the latter are also serving the half of the market that is illegal and unlicensed, says Gustaf Hoffstedt.

 

The post Swedish BOS rejects the proposal “A new ban on gambling on credit” appeared first on European Gaming Industry News.

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