National Lottery Hails Record Number of Millionaires in 2016

National Lottery Hails Record Number of Millionaires in 2016

A record total of 347 National Lottery players became millionaires this year, UK National Lottery operator Camelot Group has revealed. They all shared the amount of £862 million. In comparison, there were 341 lottery players to win a jackpot of over a million back in 2015. The highest Lotto jackpot generated this year totalled £66 million. It fell on 9 January to a Scottish family and a player who preferred to remain anonymous. The biggest jackpot scooped by a single player amounted to £35 million this year. It was in…

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Upcoming Tax Changes May Boost Gambling Merger and Acquisition Activity

Upcoming Tax Changes May Boost Gambling Merger and Acquisition Activity

Tax (and possibly tough) times are coming for UK-facing gambling operators, as it became clear earlier this month that freeplays and other related incentives and comps offered to iGaming players will be taxed from 1 August 2017. Tax changes are probably the regulatory amendments most feared by gambling companies because they often come as a big hit to their profits. This will certainly be the case with the taxable treatment with freeplays. At a rough estimate, the amount of £345 million is expected to be generated in freeplays taxes from…

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UKGC Recognises Virtual Currencies’ Importance for UK Online Gambling Market

UKGC Recognises Virtual Currencies’ Importance for UK Online Gambling Market

Considering the increased scope of the British online gambling market and its great appeal to local customers, virtual currencies have become a matter of importance to both online gambling operators and their clients. This is exactly the reason why a few months ago the UK Gambling Commission (UKGC) issued a special discussion paper focused on virtual currencies, eSports and social gaming. The British gaming regulatory authority revealed that it was looking for opinions on crucial matters related to the above-mentioned issues in order to get a better perspective of the…

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UKGC to Implement New Fee Structure after DCMS Discussions

UKGC to Implement New Fee Structure after DCMS Discussions

The UK Gambling Commission (UKGC) revealed that UK-licensed gambling operators will face a new fee structure in the industry. As announced by the UKGC, the new fee structure is to be officially released on April 6th, 2017. The Commission published a notice on its website, providing more details on the results of its consultation with the Department for Culture, Media and Sport over the proposed license fee structure mentioned above. As a result, more than 1,900 companies would benefit from the fees, as their tax payments would be reduced. However,…

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MGA Grants Class 4 Remote Gaming License to GIG

MGA Grants Class 4 Remote Gaming License to GIG

The Malta Gaming Authority (MGA) has granted the gaming service provider Gaming Innovation Group Inc.’s subsidiary BettingCloud Ltd with a Class 4 Remote Gaming License. Basically, this is a business-to-business supplier license that is to provide the company’s affiliate to offer other licensed operators its sports betting product. The Chief Executive Officer of Gaming Innovation Group Robin Reed commented on the newly-acquired license, describing it as a major milestone for the company on the sports betting vertical. He explained that Gaming Innovation Group was to still branch out in the…

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World Lottery Club to Integrate Pariplay’s Scratch Cards Portfolio

World Lottery Club to Integrate Pariplay’s Scratch Cards Portfolio

The UK-based gaming technology company Pariplay Ltd revealed that it has inked a partnership agreement with World Lottery Club, which is currently operated by Annexio Limited. Under the terms of the deal, the British company which serves various land-based casinos as well as iLotteries and iGaming operators is to see its entire portfolio go live with the Isle of Man-based international lottery betting brand. As mentioned above, the full product suite of branded and original online scratch cards of Pariplay will be integrated with the current online offering of World…

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Catena Media Appoints Claes Wenthzel as Group CFO

Catena Media Appoints Claes Wenthzel as Group CFO

The performance marketing company Catena Media, which operates on the territory of Malta, the UK and Serbia, revealed that it has recruited a new Group Chief Financial Officer. The position was occupied by Claes Wenthzel, who has a vast experience from working at similar positions at a number of companies. The new Chief Financial Officer is to take offer the position in January 2017. The appointment is considered as an important step for the Malta-headquartered company in its way to moving its common share to Nasdaq Stockholm. The Chief Executive…

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Inspired Gaming Group’s HTML5 Games Go Live with Ladbrokes via Virgo RGS

Inspired Gaming Group’s HTML5 Games Go Live with Ladbrokes via Virgo RGS

UK-based leading gaming systems and solutions supplier Inspired Gaming Group revealed that it has inked a deal with Ladbrokes. Under the terms of the agreement, the HTML5 games are to go live with Ladbrokes, which will make them available to the latter’s online and mobile users. The Managing Director of Inspired Group’s Mobile operations Lucy Buckley commented on the deal that the agreement came to prove the efficiency of the company’s Virgo RGS technology. Ms Buckley shared that the high-quality games provided by Inspired were expected to become very popular…

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UKGC Imposes £3-Million Penalty on Camelot due to License Breach

UKGC Imposes £3-Million Penalty on Camelot due to License Breach

Today, the UK Gambling Commission (UKGC) revealed that it has imposed a financial penalty on Camelot, which is currently the operator of the National Lottery. The fine is estimated to £3 million. The Chief Executive Officer of the UKGC Sarah Harrison commented on the regulatory body’s decision, saying that the regulator was mainly concerned about protecting customers’ interests and keeping the integrity of the way the National Lottery was run. Ms. Harrison explained that serious failures had been found in the company’s work, so the fine was massive, too. The…

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Labour Party Calls for Assurance over UK National Lottery Safety

Labour Party Calls for Assurance over UK National Lottery Safety

The British Labour Party has demanded the National Lottery to guarantee with utter surety that its website is totally safe and risk-free for customers. The call for assurances comes about half a month after thousands of customers had their online accounts at Camelot’s website hacked by cyber criminals. At the end of November, the operator of the UK National Lottery – Camelot Group – officially announced that there had been “suspicious activity” in its website, which had affected a small number of players. According to the official statement published on…

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