Monthly Archives: January 2019

Alberta taking yet another look at legal online gambling

Alberta appears set to become the next Canadian province to launch online gambling operations under its local government monopoly.

On Friday, CBC News reported that the provincial government’s Alberta Gaming, Liquor and Cannabis Commission (AGLC) had quietly issued a request for proposals for technology suppliers to power a proposed digital gambling offering.

The RFP, which envisions both desktop and mobile gambling options, has reportedly received favorable responses from “a handful of companies,” the identities of which weren’t specified.

Alberta has been flirting with approving online gambling for a few years now, but never seems to follow through. AGLC senior communications officer Chara Goodings now claims that the plan is about “providing a safe place” for Albertans to gamble online, although everyone knows it’s really about boosting government revenue.

Summit Ascent, Suncity Group new Hong Kong neighbors

An affiliate of Macau’s leading casino junket operator Suncity Group has moved its corporate headquarters next door to Primorye casino operator Summit Ascent Holdings.

On Thursday, Summit Ascent’s board of directors informed the Hong Kong Stock Exchange that it had relocated its principal place of business to Unit 1704 on the 17th floor of the West Tower of Hong Kong’s Shun Tak Centre, a commercial complex built by former Macau casino icon Stanley Ho.

On Friday, Suncity Group Holdings Ltd announced that it had relocated its principal place of business to Unit 1705 on the 17th floor of the West Tower of Hong Kong’s Shun Tak Centre.

In other words, the two companies are now next-door neighbors. It’s unclear precisely what this means for the future of both companies, but their mutual leadership apparently sees value in eliminating the space between them.

ZEAL shareholders okay plan to reacquire lottery broker Lotto24

ZEAL Network shareholders have approved their company’s plan to acquire digital lottery broker Lotto24, rejecting a rival plan from online lottery betting operator Lottoland.

On Friday, Zeal held a general meeting in London, after which the company announced that 60% of its shareholders had approved necessary preconditions for the proposed acquisition of Lotto24, a former ZEAL subsidiary that was spun off into a standalone entity in 2012.

Following Friday’s vote, ZEAL CEO Helmut Becker congratulated shareholders for sharing the company’s vision of uniting ZEAL and Lotto24 to create “the leading private digital lottery broker in Germany.” Becker claimed the proposed acquisition will create “significant value” for shareholders of both companies, their customers, German states and their lottery beneficiaries.

ZEAL said it would now proceed with its formal pitch to Lotto24 shareholders and expects the acceptance period for the takeover offer will start by the end of this month.

Deposits can be easy with Bitcoin SV

There’s an old saying that I’m quite fond of, “Shut up and take my money.” It’s a fairly simple sentiment. I have money, I want what your offering, so let’s just get this over with. It’s an idea that frequently applies to online gambling. The player wants to get their bets in urgently, they have money, and there shouldn’t be anything more complicated than exchanging the money for a wager. Now, the best way for operators to take that money is to start accepting Bitcoin SV (BSV).

Most operators will have several deposit options available to their players. There are the more direct options, like credit cards; however, they are subject to fees and the likelihood that banks will deny the transaction. Some accept direct bank transfers, but that can require a bunch of information and maybe an extra call to the bank to set it up. Then there are the third party wallets, like Neteller, which also requires set up, includes fees, and is fraught with other problems.

The crucial problem with all of these options are they are dependent on a third party to help move the player’s money along. If they fail to do that, or simply don’t want to, then the player is more likely to start shouting that old saying I like more forcefully, and they’ll likely be saying it to the operator.

Without a doubt, the easiest way to break down these barriers, and make it easy for both the player and the operator, is to deposit with BSV. Without any middleman to say no, BSV allows the operator to just take the money. The player can start wagering with their funds in seconds, guaranteed, as BSV is built to massively scale to the demands of the network, and won’t fail or slow down when you need it most. Like the third party wallets, there will be some setup, but then it has all of the benefits and none of the negatives of any other option.

Star Sports Group launches industry recruitment agency

Friday 18th January 2019: Star Sports Group has expanded its product services with the launch of a new recruitment agency that aims to provide staffing solutions for the global gambling industry.

Star Recruitment, headed by Chief Executive Simon Banks, has been set up to offer exciting opportunities to industry professionals and graduates looking to progress their career path in one of the world’s fastest-growing industries.

Vacancies available through the new service will cover a wide range of job functions, including marketing, product development, sales and trading.

The launch of Star Recruitment further diversifies the Star Sports Group offering, which is one of the most respected brands within the gambling sector.

India’s GST Council to consider adjusting lottery tax rates

Lotteries in India are always a sensitive subject. Going back a number of years, there have been conflicts over sales, revenue and non-payment of taxes. Now, the country’s GST (Goods and Service Tax) Council, in its first meeting of the year a week ago, is recommending that the government create a new panel to review GST rates, as well as all tax issues that arise from the sale of lottery tickets.

The council wants the group to be comprised of state ministers. It will include eight ministers and would be led by the Finance Minister of Maharashtra, Sudhir Mungantiwar. Joining him in the so-called Group of Ministers (GoM) will be West Bengal Finance Minister Amit Mitra; Kerala Finance Minister Thomas Isaac; Assam Finance Minister Himanta Biswa Sarma; Punjab Finance Minister Manpreet Singh Badal; Goa Panchayat Minister Mauvin Godinho; Karnataka Finance Minister Krishna Byre Gowda, Arunachal Tax and Excise Minister Jarkar Gamlin.

The GST Council laid out its Terms of Reference (ToR) for the panel, stating that one of the goals will be to determine if the current dual tax structure of existing state-authorized and state-run lotteries should be continued, or if a new, uniform rate could be implemented for both. The ToR also stipulates that the GoM determine whether private individuals appointed by the states are abusing the lower rate for their own financial benefit, depriving the jurisdictions of their rightful share of the profits. The group would need to formulate plans to prevent any possible abuse.

The GoM will also probably be tasked with examining issues regarding the enforcement of lottery rules, including the possible creation of a legal framework, that could be used to prevent lottery tax evasion. One of the possibilities to aid in that prevention could be the creation of a single tax rate that would make it easier to track sales and revenue.