iGaming Daily

Promotional credit is often cited as a key way for operators to acquire customers in an incredibly competitive environment, but the topic has caused controversy in recent times over its tax status. Several state regulators are prohibiting operators from deducting promotional credit from their GGR, meaning they still have to pay taxes, whilst other states are taking a phased approach. So, what's the big deal with promo credit and how will these changes shape the future of the sports betting industry? On this Memorial Day's iGaming Daily, Jessica Welman, Editor of SBC Americas, is joined by Sue Schneider, SBC's VP of Growth and Strategy - Americas, and Charlie Horner, Senior Journalist at SBC Americas, to tackle this subject.This week witnessed Massachusetts regulators vote to tax sports betting promotional credit following several months of debating and researching the issue. Click the following link to read more on the topic - MA Regulators Vote to Tax Sportsbook Promo Credit (sbcamericas.com).

James Ross is joined once again by the CasinoBeats team, who are on location in Malta, as they dive into CasinoBeats Editor Craig Davies's panel moderating debut, interesting sessions from the second day and provide their picks for this evening's CasinoBeats Game Developer Awards.To read more on Senior Journalist Conor Porter's write-up on the UK market-focused panel, that includes the UK Gambling Commission's CEO Andrew Rhodes, click the following link - https://casinobeats.com/2023/05/25/uk-panel-customer-affordability/Andrew Rhodes also provided details on how the UKGC will be implementing the UK government's white paper once the final consultation phase has been completed - https://casinobeats.com/2023/05/24/ukgcs-first-consultations-mid-july/

The conference schedule waits for no one as many from the industry jump on a flight to sunny Malta with the CasinoBeats Summit currently underway at the Intercontinental Malta.Joining James Ross live on location is the CasinoBeats team that consists of its Editor Craig Davies as well as Senior Journalist Conor Porter and Business Journalist Danny Lee, who discuss the first day of the event.To read a write-up from Craig Davies, click the following link to find out more about the SBC Leaders panel - CBS: operator’s are still falling foul of regulators - something's going wrong (casinobeats.com)Andrew Rhodes, CEO of the UK Gambling Commission, will also be in attendance at the CasinoBeats Summit, taking place between 23-25 May, 2023, at the Intercontinental Malta, participating in a panel entitled - 'Fireside Chat with UKGC's CEO'. Click the following link for further information - https://sbcevents.com/casinobeats-summit/

Last week witnessed Ivan Toney, the Premier League striker who plays for Brentford Football Club, handed an eight month suspension after admitting 232 breaches of the Football Association’s betting rules.On Tuesday’s episode of iGaming Daily, sponsored by SBC Summit Barcelona, James Ross is joined by Insider Sport and Payment Expert Editor Joe Streeter, as well as SBC Americas Senior Journalist Charlie Horner, to talk all things Ivan Toney and the relationship with sports and gambling. To read more on EPIC Risk Management's Ben McGregor comments on the Toney situation, click the following link - https://sbcnews.co.uk/sportsbook/2023/05/19/epic-ivan-toney-sports/Later this year, SBC Summit Barcelona will return between 19-21 September at the Fira Barcelona Montjuïc where one panel, entitled 'Sports & sponsorship landscape - growth markets and partnerships', will explore newer markers, as well as discussing how to increase properity in the European market. Click the following link for more information - https://sbcevents.com/sbc-summit-barcelona/

A generational change has been called by Kindred Group as Henrik Tjärnström ends his 14-year tenure as Chief Executive – to be replaced by Nils Anden on an interim basis.On today's episode of iGaming Daily, sponsored by SBC Summit Barcelona, James Ross, SBC's Multimedia Editor, is joined by Ted Menmuir, Content Director at SBC and Ted Orme-Claye, Senior Journalist at SBC New, to talk about Tjärnström stepping down, the priorities facing Anden and the future of Kindred. To read more on Tjärnström stepping down as Kindred's CEO click the following link - Nils Andén replaces Henrik Tjärnström as Kindred CEO (sbcnews.co.uk).Andrew Rhodes, CEO of the UK Gambling Commission, will also be in attendance at the CasinoBeats Summit, taking place between 23-25 May, 2023, at the Intercontinental Malta, participating in a panel entitled - 'Fireside Chat with UKGC's CEO'. Click the following link for further information - https://sbcevents.com/casinobeats-summit/

iGaming Daily returns to Brazil as the country finally experiences sports betting movement with the release of its provisional measure. The podcast will also catch a flight to Madrid where SBC's Senior Media Manager Martyn Elliott provides details on why he's in the Spanish captial. Joining James Ross to provide the latest updates in Brazil is SBC's Head of B2B Media LatAm Lucía Mouriño and Isadora Marcante, Business Journalist at SBC Notícias Brasil.Check out SBC Notícias Brasil to find out more about the provisional measures mentioned in today's podcast - https://sbcnoticias.com/br/novos-detalhes-sobre-a-medida-provisoria-das-apostas/For wider sports betting and igaming news throughout Latin America, check out SBC Noticias - https://sbcnoticias.com/From 31 October to 2 November, industry experts from throughout Latin America will descend on the Seminole Hard Rock Hotel & Casino, Miami, for SBC Summit Latinoamérica.Click on the following link to find out more about the event - https://sbcevents.com/en/sbc-summit-latinoamerica/

Fanatics announced earlier this week that it would be buying PointsBet US for $150m. Making a big splash into the US sports betting market, Fanatics will gain market access into 14 US states as well as gain PointsBet's Banach technology. But what about the price tag? On today’s episode of iGaming Daily, Jessica Welman, Editor of SBC Americas and Charlie Horner, Senior Journalist at SBC Americas, discuss the terms of the deal and assess whether or not this is the start of major US market consolidation.You can read the finer details by reading this report on SBC Americas: https://sbcamericas.com/2023/05/15/fanatics-pointsbet-us-acquisition/SBC Americas also managed to speak one-on-one with Fanatics CEO Matt King at last week's SBC Summit North America - you can read everything he told us here: https://sbcamericas.com/2023/05/10/fanatics-betting-matt-king-interview/

This week the UK’s National Health Service, the NHS, published the second part of its 2021 Health Survey for England that describes gambling participation and the prevalence of at-risk and problem gambling. This chapter of the report looks at the types of gambling activities that Brits aged 16 or over have taken part in throughout the last 12 months. According to the NHS, this is defined as having spent money on a gambling activity. In today’s episode of the iGaming Daily podcast, Andrew McCarron, SBC’s Managing Director, joins James Ross to look over and provide his thoughts on some of the key findings of the report.Click on the following link to read more about the latest NHS figures - https://sbcnews.co.uk/europe/2023/05/17/nhs-problem-gambling/Andrew Rhodes, CEO of the UK Gambling Commission, will also be in attendance at the CasinoBeats Summit, taking place between 23-25 May, 2023, at the Intercontinental Malta, participating in a panel entitled - 'Fireside Chat with UKGC's CEO'. Click the following link for further information - https://sbcevents.com/casinobeats-summit/

Alongside the UK government publishing its long-overdue White Paper - the first quarter of 2023 saw further legislative reforms announced in the markets of Spain, France, Sweden, Belgium, Italy and the Netherlands.Ted Menmuir, Content Director at SBC and Ted Orme-Claye, Senior Journalist at SBC News, take to the mics to offer their takeaways from West Europe's never-ending transition of legislative developments and provide input on the regulatory directions of respective markets.To find out more about all the breaking regulatory news in all European regions, click the following link to be directed to SBC News - https://sbcnews.co.uk/At CasinoBeats Summit, taking place between 24-25 May at the Intercontinental Malta, delegates will be able to experience the Global Casino track that will include numerous roundtables focused on specific markets, including Africa, LatAm and Japan. In addition, there will be designated panels focusing on Sweden, the US, UK and Ontario, to name but a few. Click to following link to find out more -  https://sbcevents.com/casinobeats-summit/

After Aristocrat's lengthy $2.7bn pursuit of Playtech collapsed in early 2022 following the latter's shareholder rejection, the ASX-listed firm today entered into a definitive combination agreement with NeoGames, totalling approximately $1.2bn.This is set to see the Australian-based company bolster its operations across various markets and is the focus of today's conversation on the latest episode of iGaming Daily.Joining the conversation is Craig Davies, Editor at CasinoBeats and Ted Omre-Claye, Senior Journalist at SBC News, to reveal the details of the deal and ask the question - is $1.2bn a fair valuation for NeoGames?To read more on the Aristocrat/NeoGames $1.2bn definitive agreement, click on the following link to be directed to the CasinoBeats article -  https://casinobeats.com/2023/05/15/aristocrat-purchase-1-2bn-neogames/The topic of M&A activity will be hot on the CasinoBeats Summit agenda, which is taking place at the Intercontinental Malta between 23-25 May, during a panel session entitled - Deep dive into Investments and M&A. Click the following link to find out more - https://sbcevents.com/casinobeats-summit/