A trademark infringement case against Flutter and game developer Spribe in Georgia by a casino company owned by former Adjarabet shareholder Teimuraz Ugulava has raised concerns. The case revolves around Spribe’s Aviator game, with Aviator LLC claiming damages of up to €330 million. The court found copyright and trademark infringement, leading to questions about Flutter’s acquisition deal with Adjarabet.
Rumors of a potential merger between Kambi and Genius Sports surfaced on Sept. 4, causing a spike in Kambi’s share price. However, both companies have since denied any talks of an acquisition. The potential merger was questioned by industry experts due to Kambi’s current transition phase with a new CEO.
Veikkaus, Finland’s gambling monopoly, is preparing for a regulated market by negotiating contracts with over 600 employees. This comes as Finland plans to transition into a multi-license market by 2027. Veikkaus reported a decline in earnings, with gross gaming revenue falling by 21 percent in the first half of the year.
Belgium has enforced a new minimum age rule for gambling, raising the age requirement for sports betting, arcades, and bingo to 21. This aligns with the age restriction for land-based casinos in the country. The move is part of efforts to regulate the gambling industry, following previous laws restricting advertising and bonuses.
Gamstop, the UK’s self-exclusion scheme for online gambling, surpassed 500,000 registrations since its launch in 2018. Over 440,000 individuals are currently excluded from gambling through the platform. The increase in registrations coincides with a rise in online gambling activity in the UK.
The Netherlands government is prioritizing the protection of young gamblers in its review of the remote gambling act. State Secretary Teun Struycken emphasized the importance of safeguarding vulnerable groups, such as minors and young adults, from gambling harm. Measures to restrict gambling advertising and prevent ads from reaching underage players are being implemented.
In conclusion, the gambling industry in Europe is undergoing significant changes, from legal battles and potential mergers to market overhauls and player protection measures. These developments reflect the evolving landscape of gambling regulation and highlight the need for responsible gaming practices to safeguard both players and the industry as a whole.
