Public Health England estimates cost of gambling harm at £1.27bn

The report was intended to better understand the extent to which gambling is a “public health issue” and the extent of gambling-related harm in England.

To do this, it asked six questions. The first concerned prevalence of gambling and gambling-related harm across various demographics, as well as associated harm caused to non-gamblers. It then looked to find the risk factors for gambling-related harm and the social and economic burdens that it causes.

The report also sought to find out stakeholder views on gambling-related harm, and finally asked about the impact of novel coronavirus (Covid-19) pandemic on gambling-related harm.

In attempting to measure the cost to society of gambling harm, PHE said that its 95% confidence intervals for the cost were £841m on the lower end and £2.12bn on the upper end, with a most likely estimate of £1.27bn. It said that this figure may be an underestimate because of a lack of available evidence or difficulty pricing certain factors.

PHE added that  just over half of the estimated cost – £647.2m – was a direct cost to the UK government. 

Of this total, £342.2m were due to mental and physical health costs, due to the use of government resources for depression, suicide, mental health and drug use.

Criminal activity, meanwhile, was the cause for £162.5m in government costs, based on the fact that 3,799 people were in prison for gambling-related offenses at the time the report was written.

The cost of employment and education harms was priced at £79.5m.

Lastly among costs to the government, the cost of financial harms related to gambling came to £62.8m. Most of these related to homelessness, with 21,438 homeless applications linked to problem gambling in England.

The remaining £619.2m in costs were “intangible” costs to society, all related to impacts of gambling upon mental and physical health.

The report also examined the differences in views of gambling harm between stakeholders involved in the gambling industry and those who may have had experience of gambling harm or worked to treat or prevent it.

Those involved with the industry – described as “commercial stakeholders” – were more likely to say that the causes of gambling harm are complex and may be related to comorbidities or tendency toward addiction. Non-commercial stakeholders were more likely to say that gambing products or environments were the main reasons for harm.

Commercial stakeholders were also more likely to say the best solutions to gambling harm required individual interventions and treatment, while non-commercial stakeholders were more likely to say that changes to entire systems were required.

In addition, non-commercial stakeholders were likely to say that the harms of gambling are more widespread than non-commercial stakeholders.

The report comes as the UK government undertakes its review of the 2005 Gambling Act. Last week, Chris Philp was named as the new minister overseeing the review, as part of a cabinet reshuffle.

Nevada gaming revenue passes $1bn for six consecutive month in August

Revenue was up 56.9% year-on-year from August 2020 according to the Nevada Gaming Control Board, when the state’s casinos were still subject to capacity limits and social distancing as a result of the Covid-19 pandemic. Compared to July 2020’s record-breaking total, revenue was down 14.3%. 

Slots made up the majority of the month’s total, contributing $825.1m, up 57.0% from the prior year, with a further $340.7m coming from table, counter and card games. This too represented a significant year-on-year improvement, of 56.6%.

Among this segment, blackjack and baccarat were the star performers. Blackjack revenue came to $103.1m, while baccarat contributed $93.1m. Baccarat in particular has performed remarkably in the past two months, with revenue hitting $160.1m in July. 

Read the full story on iGB North America.

Netherlands launches regulated online gambling market

Online gambling had previously been prohibited in the Netherlands, but the passage and subsequent enactment of the delayed Remote Gambling Act (KOA) meant the market was finally able to launch.

Initially, the KOA was scheduled to enter into law on 1 July 2020, with the market to open six months later at the start of 2021. However, in November 2019, the act’s start date was pushed back six months, meaning the market would open on 1 July 2021.

However, the launch was pushed back again in September 2020, with the date the act set to come into effect moved to 1 March 2021 after preparations to launch were disrupted by the novel coronavirus (Covid-19) pandemic. 

The act was eventually enacted on 1 April this year, allowing the market to open six months later on 1 October.

“Today, an important step has been taken with the opening of the legal market for online games of chance,” said Rene Jansen, chairman of Dutch regulator Kansspelautoriteit (KSA).

“Recent years have shown that simply banning online gambling was no longer possible. Legalisation and regulation make it easier to protect consumers against abuses.”

The market opens with 10 operators having been issued online gambling licences this week by KSA.

bet365, UK-based bingo operator Tombola and Malta-and Estonia-licensed Play North Ltd are among the brands cleared to launch, alongside Dutch land-based operator Holland Casino NV and state lottery Nederlandse Loterij with its TOTO Online betting brand

The Janshen Hahnraths Group with FPO Nederland, Italy-based Betent, Belgian brand Bingoal, NSUS Malta, which runs the GGPoker.eu brand and sports media and betting business LiveScore Malta also secured licences.

However, Jansen expects more operators join the market in the coming weeks and months, saying a number of applications are still pending.

“Other providers may also be interested, but they are waiting to submit an application because they are not ready yet,” Jansen said. “Strict conditions must be met and strict testing is carried out, but there will certainly be more license holders.”

Such is the strict nature of the licencing process in the country that a number of operators that have not yet secured a licence to operate in the newly regulated market have taken steps to improve their chances of approval.

EntainBetsson, LeoVegas and Kindred Group all announced they would cease taking bets from customers in the Netherlands ahead of the market opening, in the hope of receiving a Dutch igaming licence. Many of these operators claim this was a result of a last-minute change in the terms for launch, having previously ceased advertising and offering local payment services.

If operators are caught offering gaming services without a licence, Dutch regulator Kansspelautoriteit (KSA) will take disciplinary action. 

The KSA fined Tipico €531,250 last week after it had offered gambling in the Netherlands, despite not specifically targeting customers from the country.

IGT brings in ex-William Hill US CEO Asher as new sports betting chief

In his new role, Asher will lead the ongoing expansion of the IGT PlaySports sports betting business in North American markets.

Asher joins IGT having most recently served as chief executive of William Hill US, a position he held from when the division was created in June 2012 until April of this year when the entire William Hill business was sold to Caesars Entertainment in a £2.9bn (€3.4bn/$3.9bn) deal.

Prior to this, Asher served as president and chief executive of the Brandywine Bookmaking business he launched as a start-up in 2008.

Asher will report to IGT Digital and Betting chief executive Enrico Drago in his new role.

Read the full story on iGB North America.

Mohegan, Foxwoods launch Connecticut betting with FanDuel and DraftKings

The Mohegan-FanDuel partnership went live with the opening of Mohegan Sun Casino’s Bow & Arrow Sports Bar with a ribbon cutting ceremony at 9:30am EST yesterday (30 September).

The sports bar features a 140-foot high-definition video wall, along with a full bar and dining menu.

Read the full story on iGB North America.

Bally’s completes £2bn merger with Gamesys Group

The boards of the two businesses agreed terms on the £2.0bn (€2.32bn/$2.69bn) merger in March of this year, with the deal finalised in April and approved by shareholders in June.

As part of the deal, which was due to complete by the end of the fourth quarter, Bally’s agreed to pay $25.77 (£18.50/€22.01) per Gamesys share. 

The merger had already received regulatory approval from the Great Britain Gambling Commission, but still required final sign-off from the court in order to complete.

Following this approval, Gamesys shares will be delisted from the New York Stock Exchange by 8:00am on October 4, with the new Bally’s shares to be listed by 9:30am on the same day.

In accordance with the merger agreement, Neil Goulden, Andria Vidler, Colin Sturgeon, Nigel Brewster, James Ryan and Katie Vanneck-Smith have all resigned as non-executive directors of Gamesys.

When the deal was first announced in March, it was stated that Lee Fenton, currently chief executive of Gamesys, would become chief executive of the combined group, while two further Gamesys directors would join its board.

George Papanier, chief executive of Bally’s, would stay on the board after the merger and move into a new role running Bally’s estate of land-based casinos.

“Our shared passion and vision to capitalise on technology disruption to better serve our customers, wherever they may be, should make for an exciting journey for our employees, customers and shareholders alike,” Fenton said at the time.

Bally’s chair Soo Kim also said: “We think that Gamesys’ proven technology platform alongside its highly respected and experienced management team, combined with the US market access that Bally’s provides, should allow the combined group to capitalise on the significant growth opportunities in the US sports betting and online markets.”