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EGBA, Bally & #39; s, Bragg and BGC: the week in numbers

Every week, CasinoBeats provides figures on the most interesting stories in the industry. Today we take a look at a pair of EGBA events, acquisitions detailed by Bally's Corporation and Bragg Gaming, and the Swedish online gambling trading association calling for the lifting of current restrictions.

BOS, the Swedish online gambling trade association, called on the government to "swiftly end" the temporary gambling restrictions that are still in place and recently extended until November 10, 2021.

This came after the Constitutional Commission of the Riksdag, Sweden's highest decision-making assembly, criticized the basis on which Ardalan Shekarabi, the minister for social security, imposed restrictions that first came into play on July 2, 2020.

The commission said the suggestion that gambling in online casinos would increase during the COVID-19 pandemic was based on information that would not allow such definitive conclusions to be drawn.

The rules, which are said to target "high-risk forms of gambling", were then extended several times, and are now set to operate until the penultimate month of the year.

2021

Europe's digital identity could have a "significant and positive impact" on how a customer's identity is verified in the continent's online gambling sector, said European Games and Betting Association.

Next A proposal from the European Commission an electronic identity wallet enabling EU citizens to access public and private services online, which, according to the EGBA, would lead to 'more common approaches' to identity verification across many internet sectors in Europe.

new European digital identity wallets would allow all Europeans to access online services without the need for private identification methods or the unnecessary sharing of personal data.

To make this possible as soon as possible, the Commission encourages Member States to establish a common toolbox by September 2022 and start the necessary preparatory work immediately. This should include technical architecture, standards and best practice guidelines.

14

Many UK charities are expected to benefit from a "serious" injection of cash when selected Members of the Betting and Gaming Council

signed up to donate all profits from the flagship horse race.

We will see Prostate Cancer UK, Marie Curie, three charities of the Armed Forces and Care Radio benefit from the Britannia Stakes to be held at Royal Ascot on June 17.

Participants include members of BGC Flutter Entertainment (Paddy Power, Betfair, Sky Bet), wager 365, Entain (Ladbrokes, Coral), William Hill, Kindred (Unibet), BetVictor, Betway, Rank Group (Grosvenor Sport), Tote and Fitzdares.

The operators agreed to donate all the profits they make from betting on winning and in any way, after levy and duties are deducted, due to the handicap of large-area heritage. If they don't make a profit on the race, a charity donation will be made

39

Bragg Gaming continues to fulfill its gaming aspirations in the US after the gaming technology and gaming provider announced an acquisition deal Wild Streak Gaming based in Las Vegas for 30m.

The acquisition of the content creation studio, which has a portfolio of 39 slot titles supported in web and desktop applications, is in line with last year's agreement for the purchase of Spin Games for USD 39 million and stock exchange transactions.

With these two completed, Bragg says it will successfully implement its strategy to acquire "the necessary resources and technology assets required to vertical an integrated B2B gambling business operating in the US and Canadian markets."

According to the deal, which closed concurrently with the signing of the purchase agreement, Wild Streak sellers received $10 million $ and will receive $20 million Bragg common shares over the next three years, subject to acceleration in the event of a change of control.

125

Bally's Corporation has finalized the acquisition Bet.Worksas a result of which the group announced its intention to diversify its business by establishing two separate operating divisions.

The deal, which includes Bet.Works' proprietary technology stack and turnkey marketing, operations, customer service, risk management and compliance solutions, was for $ 125 million, half of which was paid up in Bally common stock, which Bet.Works shareholders have agreed to hold on for at least a year.

With the closing of the transaction, Bally's will establish two separate operating divisions, "Bally's Casinos", which will include the company's physical gaming and entertainment facilities and "Bally's Interactive", which will cover all Bet.Works sports betting operations.

The latter will also include Monkey Knife Fight, the Daily Fantasy sports site in North America, and SportCaller, a global provider of free B2B games.

5.3

The EGBA has also submitted a formal complaint of state aid to the European Commission in response to a proposal by the German Bundesrat to establish a 5.3 percent tax on online poker shares and slot machines in that country.

This is due to urging members of the German parliament to reconsider a proposed gambling tax measure last month, stating that taxing at repressive rates would lead to more gamers using unlicensed websites.

The EGBA believes that the proposal breaches EU state aid rules as it would only apply to internet operators and would lead to a four or fivefold taxation of online poker and slot machine shares in Germany higher than land-based gambling establishments.

The EGBA, representing Europe's leading online betting companies, had previously warned that the proposed internet tax would bring a significant and unfair tax benefit to Germany. based gambling bets.

For example, in Bavaria, it is stated that a tax measure would tax the rates of online poker and slot machines at rates four to five times higher than their land-based casino counterparts, and 15 times higher than the slots offered in land-based arcades, resulting in a tax credit of € 365 million per year for state-owned land operators.

He considers this to be illegal state aid under EU law and estimates that the extent of illegal aid to land-based gambling establishments in Germany would be € 741 million per year if the measure was approved.

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