GC targets fairer and safer gambling market in year ahead

first_img Tags: Online Gambling OTB and Betting Shops The UK Gambling Commission has set out its business plan for 2019-20, with a continued focus on protecting consumers, preventing gambling-related harm and raising overall standards in the industry. Topics: Casino & games Legal & compliance Lottery Sports betting Strategy Tech & innovation Bingo 17th April 2019 | By contenteditor Regions: UK & Ireland The Gambling Commission for England, Scotland and Wales has set out its business plan for the 2019-20 year, with a continued focus on protecting consumers, preventing gambling-related harm and raising overall standards in the industry.The plan highlights the projects and milestones that the UK regulatory body aims to reach or meet over the next 12 months as part of its ongoing strategy, which runs from 2018 until 2021.“We put consumers at the heart of our approach, which requires us to strike a balance between the enjoyment people get from gambling and the risks that gambling can present,” Commission chief executive Neil McArthur said.“Managing those risks is not just the responsibility of the individual consumer, and that is why we assess risks by looking at the providers of gambling, the products that are offered and the places in which people gamble.“Our approach allows us to respond to emerging risks and issues, whilst constantly seeking ways to drive up standards.”In terms of protecting consumers, the Commission will publish a number of priority actions, following recent calls for evidence on using credit cards to fund gambling and player protection controls for Category B gaming machines.This is to be expanded further, with an evaluation of current player protection measures for Category C and D machines, as well as an investigation into game design. The Commission may introduce new regulations should it decide current controls are insufficient.There will be efforts to ramp up harm prevention measures, in part through the launch of a new National Strategy to Reduce Gambling Harms, which is due to launch later this month. The impact of the new strategy will be closely monitored once it is implemented.Further work on responsible advertising will also be undertaken, with the Commission to work with the Advertising Standards Authority to identify effective controls to mitigate the impact of gambling advertising on children, young people and vulnerable people.Early next year, the regulator will then launch a review of funding arrangements for problem gambling prevention and treatment initiatives, and publish an action plan designed to ensure funding is adequate to meet public demand.Efforts to raise industry standards will also continue, with a best practice programme for licensees to be promoted through a series of events and publications. Corporate evaluations of operators will then be carried out, to ensure the standards are upheld.Finally, with the tender process for the third National Lottery licence to launch later in 2019, the Commission will look to ramp up industry interest in the process. This will see a series of events on the opportunity presented by the tender take place.In related news, the regulator has also published its income forecasts for fees from licensed operators over the next 12 months.The Commission expects betting to be the dominant force in the market, accounting for  32% total fees, ahead of casinos on 27% and software with 16%. Behind these are machines on 8%, lotteries with 7%, arcades at 6% and bingo with 4%. Subscribe to the iGaming newsletter GC targets fairer and safer gambling market in year ahead Bingo AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

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Yahoo Sports bolsters sportsbook and DFS with BetMGM

first_imgUnder agreement, the Yahoo Sportsbook will streamline its registration and on-boarding experience between the Yahoo Sports app and BetMGM, while a new player prop odds option will be added to Yahoo Fantasy. Sports betting Tags: BetMGM Read the full story on iGB North America. Topics: Sports betting DFS Subscribe to the iGaming newsletter BetMGM, the joint venture between MGM Resorts and GVC Holdings, in October last year agreed to power the Yahoo Sports sportsbook product. The multi-year partnership saw Yahoo Sports agree to launch real-money sports betting on its app in regulated US states, with all transactions taking take place via the BetMGM app. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Verizon Media-owned media platform Yahoo Sports has added a number of new features to its sportsbook and daily fantasy sports products through its existing partnership with BetMGM.center_img Regions: US The expanded agreement will now allow Yahoo Sports customers to use their Yahoo login to register and sign in to their BetMGM account. Users with a BetMGM account can place bets with BetMGM, without also having to download the BetMGM app. In addition, BetMGM will introduce a unique player prop odds based on fantasy point totals, which it said will leverage Yahoo’s fantasy scoring system. Yahoo Fantasy users will also be able to access player prop odds on the players tab and player card within the Yahoo Fantasy app, as well as several locations on the web. Customers can place corresponding bets on the BetMGM platform. Yahoo Sports bolsters sportsbook and DFS with BetMGM 16th October 2020 | By Robert Fletcher Email Addresslast_img read more

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Prima Reinsurance Plc 2014 Annual Report

first_imgZambia Reinsurance PLC (PRIMA.zm) listed on the Lusaka Securities Exchange under the Insurance sector has released it’s 2014 annual report.For more information about Zambia Reinsurance PLC (PRIMA.zm) reports, abridged reports, interim earnings results and earnings presentations, visit the Zambia Reinsurance PLC (PRIMA.zm) company page on AfricanFinancials.Document: Zambia Reinsurance PLC (PRIMA.zm)  2014 annual report.Company ProfileZambia Reinsurance PLC, formerly known as Prima Reinsurance is a wholly-owned reinsurance company providing products and solutions in the domestic and business sector in Zambia. The company underwrites classes of marine and non-marine reinsurances, which includes fire, motor, engineering, aviation, agricultural and work-related accidents. Reinsurance is the practice of insurers transferring portions of risk portfolios to other parties by some form of agreement to reduce the likelihood of having to pay a large obligation resulting from an insurance claim. The company is also licensed to reinsure life assurance products. Prima Re is fully-owned and promoted by a group of Zambian Professionals and entrepreneurs. It was incorporated in 2006 as a public limited company and was the first reinsurance company to enter the Zambian marketplace. Prima Reinsurance Plc is listed on the Lusaka Stock Exchangelast_img read more

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