Heineken beats forecasts after cutting costs

first_img whatsapp whatsapp Wednesday 16 February 2011 2:50 am John Dunne Heineken beats forecasts after cutting costs Share Tags: NULL More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comColin Kaepernick to publish book on abolishing the policethegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKansas coach fired for using N-word toward Black playerthegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Show Comments ▼ Heineken, the world’s third-largest brewer, beat market forecasts for 2010 earnings on as cost savings more than offset lower beer sales.Heineken said it expected drinkers in Latin America, Asia and Africa to buy more of its lagers and other drinks this year and said it would mitigate an expected low single-digit percentage increase in input costs with higher prices.Investors had been keen to hear the Dutch brewer’s outlook on rocketing raw material costs, likely to be a hot issue in 2011. The futures price for malting barley has risen 51 per cent since the launch of the contract in May last year.The group, whose chief brands are Heineken and Amstel, Europe’s number one and three beers, said it expected European and US consumers to be cautious this year, with an improving economy but higher unemployment and austerity measures.It added that the premium beer segment, including its Heineken brand in many markets, would outperform the overall beer market.Rival SABMiller, with a strong presence in faster- growing African and Latin American markets, said last month its lager volumes rose three per cent in the final three months of 2010.Heineken, for whom western Europe made up over half of revenues in 2009, suffered a group volume decline on a like-for-like basis of 3.1 per cent in 2010.Heineken’s purchase of the beer business of Mexico’ FEMSA is set to boost its operating profit from more buoyant emerging markets to 40 per cent from 32 per cent as well as securing brands Dos Equis, Tecate and Sol.The Dutch brewer’s net profit before one-offs rose by 37 per cent last year to 1.45bn euros (£1.21bn), against the average 1.38bn euros expected in a Reuters poll of 11 brokers.On a like-for-like basis, the increase was 19.7 per cent. Heineken had forecast a rise of at least a low double-digit percentage.Operating profit before one-offs rose by 25 per cent, or 8.6 per cent on a like-for-like basis, to 2.61 billion euros, compared to a consensus forecast of 2.47bn euros.The company delivered 280m euros of savings under its total cost management programme, as well as 42m euros in synergy savings from its Mexican takeover. last_img read more

New regulator draws on old hands for external members

first_imgThursday 17 February 2011 8:50 pm KCS-content THE government yesterday appointed four external members to the board of a new regulator that is meant to replace the FSA and prevent future financial crashes – the Financial Policy Committee (FPC).It also released a new consultation paper on the committee that some said showed it had scaled down its ambitions for the regulator and given it a more limited mandate.The four new members, who join seven already appointed from the Bank of England and FSA, are supposed to add an “external” perspective to the interim body, which will be in charge of monitoring systemic risk and working out what tools its permanent replacement will need.But there is only one businessman among the “external” members: Michael Cohrs. The other three have all spent much of their careers in financial regulation and commentary: ex-CBI boss Richard Lambert and Donald Kohn are both former members of central bank boards, while Alastair Clark has advised the Bank of England for over a decade.Economist Richard Barwell at RBS also says that the latest document on the FPC “envisages a more modest objective for macroprudential policy” than previous proposals. He says the new mandate could make it difficult for the FPC to halt future bubbles.THE FOUR NEW EXTERNAL MEMBERS OF THE FPCAS the only new member of the committee with extensive business experience, Cohrs will add a vital outsider perspective to the formation of the new regulatory system. He spent a decade working at Goldman Sachs 1981-1991, after which he worked at SG Warburg for four years. He was then co-head of corporate and investment banking at Deutsche Bank until 2010. He also holds an adjunct professorship at Beijing University and was a member of the president task for on market mechanisms (the “Brady Commission”) that recommended reforms after the 1987 stock market crash.MICHAEL COHRSRICHARD Lambert recently retired from five years as director general of the CBI, representing business interests. Before leading the CBI, he was on the Bank of England’s Monetary Policy Committee from 2003-2006. In 2003, he wrote a review of business and university collaboration at then-chancellor Gordon Brown’s request. Previously, he had an extensive career in financial journalism, editing the FT’s Lex column, its New York Bureau and, finally, the whole paper. He is also a trustee of the British Museum and Chancellor of the University of Warwick.RICHARD LAMBERTALASTAIR Clark has been in financial regulation for over a decade. He was the Bank of England’s executive director for financial stability 1997-2003 and then became an adviser to the government on the City 2003-2007. He left his role at the Bank of England in 2007 but returned later that year after being asked by governor Mervyn King to help deal with the building crisis. In 2009 he took a role advising the Treasury on financial stability. He is also an honorary visiting professor at the Cass Business School in London.ALASTAIR CLARKA FORMER member of the board of governors at the Federal Reserve, Donald Kohn spent 40 years in various roles at the Fed, including helping to craft its response to the financial crisis in 2008. During his time at the Fed, where he began his career as an economist in 1970, he worked as secretary of the Federal Open Market Committee from 1987 to 2002, director of its Division of Monetary Affairs 1987-2001 and, before that, as deputy staff director for Monetary and Financial Policy for four years. He is also a senior economics fellow at the Brookings Institution.DONALD KOHN Tags: NULL New regulator draws on old hands for external members whatsapp whatsapp Share Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayNight DailyHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeNight DailyJournalPregnant Woman Takes a Nap – You Won’t Believe What She Discovered When She WokeJournalBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUpbeat NewsThese 25 Celebrities Ruined Their Career in a Matter of MinutesUpbeat NewsTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco Relishlast_img read more

BERNANKE CALLS FOR FISCAL RESOLUTION

first_img Show Comments ▼ Wednesday 2 March 2011 8:13 pm BERNANKE CALLS FOR FISCAL RESOLUTION whatsapp whatsapp Tags: NULL Share KCS-content More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org FEDERAL Reserve chairman Ben Bernanke urged Congress to “lay out a [fiscal] plan that will be credible” for the US, yesterday. Bernanke estimated that the Republicans’ preferred $60bn spending cuts would knock 0.2 per cent off GDP in its first year, far below other forecasts. While not endorsing the Republican plans, he said an unsustainable deficit would eventually cause a spike in interest rates, derailing the recovery. last_img read more

Morrisons ditches MBL

first_img whatsapp Morrisons ditches MBL Home entertainment distributor MBL Group has warned of job losses for “many of its employees” after supermarket Morrisons pulled the plug on a 14-year relationship with the firm. MBL, which supplies Morrisons with CDs and DVDs, has put itself up for sale in the hope of securing a rescue deal. Morrisons – the UK’s fourth largest supermarket – accounted for 78 per cent of MBL’s turnover. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comPuffer fish snaps a selfie with lucky divernypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Show Comments ▼ Share Tuesday 15 March 2011 8:26 pm whatsapp KCS-content Tags: NULLlast_img read more

Flowers Foods in acquisition

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Tuesday 12 April 2011 8:03 pm Bakery company Flowers Foods is buying Tastykake-maker Tasty Baking Co, for £21.09m in an all-cash deal. Flowers, whose brands include Nature’s Own and Whitewheat, will add between $115-$125m (£70-77m) in 2011 sales with the acquisition. Deals in the snack food sector over the past year include the acquisition of Pringles by Diamond Foods from P&G. Flowers Foods in acquisition whatsapp KCS-content center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads whatsapp Show Comments ▼ Share Tags: NULLlast_img read more

Codere hit by LatAm decline in Q1

first_img Codere has cited a decline across its Latin American operations as the key reason behind a drop in operating revenue in Q1 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Codere has cited a decline across its Latin American operations as the key reason behind a drop in operating revenue during the first quarter of 2018. Operating revenue amounted to €383.3m ($458.4m) in the three-month period, down 5.4% on €405.1m in the opening quarter of last year. Codere said the struggles in Latin America were “driven by an adverse evolution of most local currencies and the US dollar versus the euro”, but added that these were “partially offset by revenue increases in Spain and Italy”. In constant currency terms, group revenue would have increased 11.2% year-on-year. Meanwhile, operating profit fell by 2.2% from €35.8m to €27.9m, while adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) dropped 0.4% from €68.1m to €67.9m. Codere said its adjusted EBITDA result was “especially remarkable”, due to the increased gaming tax implemented in Italy and Argentina in Q2 of last year, as well as adverse foreign exchange trends that have resulted in the devaluation of the US dollar and Latin American currencies. Elsewhere, net income slipped 70.3% from €2.7m in Q1 of 2017 to €800,000 in the most recent quarter.Related article: Codere posts revenue, profit growth in 2017 Tags: Mobile Online Gambling OTB and Betting Shops Codere hit by LatAm decline in Q1 Finance Topics: Finance Sports betting 14th May 2018 | By contenteditor Regions: Europe LATAM Southern Europe Italy Spain Subscribe to the iGaming newsletter Email Addresslast_img read more

Greece launches new consultation on iGaming rules

first_img The Hellenic Gaming Commission has launched a second consultation on its proposed online gambling regulations, giving the industry a window of just 10 days in which to submit comments. 16th January 2019 | By contenteditor Greece launches new consultation on iGaming rules Subscribe to the iGaming newsletter The Hellenic Gaming Commission (EEEP) has given the industry just 10 days to respond to its proposed online gambling regulations after publishing an updated list of rules. The updated draft rules include a number of amendments to the earlier set of regulations that were circulated for consultation in September and October. The regulator is now inviting comment from the gaming industry and other interested parties, though the consultation period closes on January 25.The regulations cover sports betting and table games, with random number generated casino games still controversially omitted. Among the rules under consultation are responsible gambling controls, with the EEEP proposing a range of player protection measures. Licensees will be required to feature responsible gambling information on all pages of their website, as well as offering players the ability for players to set wagering limits. Operators will also be required to intervene by restricting players’ accounts if a customer displays signs of problem gambling. Players will also have the option self-exclude online gambling either temporarily or permanently, with licensed operators required to check whether any new customers are listed on a national self-exclusion database before allowing them to gamble. Licensees will also have the ability to exclude player from gambling, should they have a valid reason for doing so. Operators will be required to follow guidelines set by the EEEP for the self-exclusion process. The EEEP has also moved to address concerns related to advertising and online gambling, setting out a number of rules for operators to follow. Licensees must avoid any malicious or offensive graphics and sounds in ads on their websites, while adverts should not block or overshadow the gaming area. All adverts must be consistent with the terms and conditions of the game that they are promoting, while the EEEP has also made clear that ads should not target players who have been excluded from gambling. In relation to advertising, all licensees must seek permission to use the images of any sports players in their adverts. Should operators breach any of the rules, the EEEP could move to suspend their licence. Meanwhile, the updated list of regulations also set out measures regarding bonus features in games. The EEP said that unless advertised differently, bonus games should subject to the same theoretical paytable as all other games. Operators will also be required to clearly set out the rules of bonus games to players, displaying how much a player can win and the range of features that are included in the game. If players are required to collect a certain amount of symbols to trigger a bonus game, the licensee must make this clear. Consumers should also be made aware of how many games they have to play to secure the bonus offered, if the promotion includes multiple rounds. Other measures set out by the EEEP include a requirement for all operators to have in place a central information system, intermediate control system and gateway control technology as part of their security set-up. In addition the online gaming system must have the ability to detect the physical location of a player to ensure that they are situated in Greece. The EEEP is yet to confirm when the new regulations will come into effect.The expanded regulations follow a similar consultation launched in September last year, which set out costs associated with securing a licence in the country.Companies seeking a online gaming and sports betting licences will face a fee of €5m (£4.4m/$5.7m). An individual sports betting licence will be priced at €4m, with operators having to pay an extra €1m to also offer igaming services. Operators will also have to put up a €500,000 guarantee as part of their application, must hold a licence in another European Union country. However, companies that have been blacklisted in Greece within the past 12 months will not be considered for a new licence. The new licences will run for five years, with operators required to renew their certification at least one year before the expiry date.Image: Big Albert Legal & compliance Topics: Legal & compliance Sports betting Regions: Europe Southern Europe Greece AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling Email Addresslast_img read more

Sportnco targets US and LatAm after 2018 revenue grows

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Subscribe to the iGaming newsletter 24th January 2019 | By contenteditor Tags: Mobile Online Gambling OTB and Betting Shops Race Track and Racino Topics: Sports betting Horse racing Regions: Europe LATAM US Central and Eastern Europe Nordics Southern Europe Western Europe Switzerland Sweden Italy Malta Spain France Portugal Argentina Colombia Horse racing Sportnco, the B2B arm of French betting operator France Pari Group, will look to further expand its presence in Europe as well as move into US and Latin American markets after posting a 35% increase in revenue for 2018.The operator generated fees and royalties of €5.4m (£4.7m/$6.1m) from its B2B sportsbook solution, daily fantasy sports product and player account management system over the year.Currently licensed in Belgium, France, Malta and Spain, it launched three new clients during the year, taking the total number of customers to 18. This included the launch of its daily fantasy product with French betting and gaming giant Pari-Mutuel Urbain.However Sportnco credited the year’s growth to a strong performance in the Spanish market, which it expects to become its largest territory in terms of customers by the end of 2019. It is to power a dot.es offering for Italian operator Sisal, in what will be the operator’s first move beyond its native market.The supplier will also look to expand its client base by moving into the regulated Swedish and Portuguese markets, with the certification process of its sports betting solution already underway in each.It is also looking to move into Italy and Switzerland, as well as looking further afield, with plans to enter US states were sports betting is permitted, the Colombian iGaming market, and certain Argentinean states. Sportnco, the B2B arm of French betting operator France Pari Group, will look to further expand its presence in Europe as well as move into US and Latin American markets after posting a 35% increase in revenue for 2018. Sportnco targets US and LatAm after 2018 revenue growslast_img read more

West Virginia to consider new igaming bill

first_img12th February 2019 | By contenteditor A group of West Virginia lawmakers have introduced a new bill in the latest effort to legalise online gambling activities in the US state. The West Virginia Lottery Interactive Wagering Act, or H 2934, would enable the state’s four racetrack casinos – Hollywood Casino, Mountaineer Racetrack and Casino and Delaware North’s properties in Nitro and Wheeling – as well as the Greenbrier resort to offer legal igaming services. The West Virginia Lottery Commission would be responsible for regulating the market and administering licences under the proposed framework. Slots and table games, as well as other services, would be permitted under the bill. Venues seeking to operate online gaming services would need to secure a licence for a fee of $250,000 (£194,500/€221,500). These licences would run for five years, after which the holder would need to pay a renewal fee of $100,000. Licence-holders would face a tax rate of 10% of their adjusted gross interactive wagering receipts. Tax levied and collected would be due and payable to the Commission in weekly instalments. Aside from operator licences, the Commission would also be permitted to award a number of other licences, thus opening up the market to wider range of brands. These would include management service provider licences, whereby licence-holders may work with a separate entity to offer online gaming. These licences would cost $100,000 and only run for one year, with an annual renewal fee of $100,000. The Commission may also award supplier licences, under which providers would be able to sell or lease interactive wagering equipment, systems, or other gaming items necessary to conduct interactive wagering. These one-year licences would cost $10,000, with an annual renewal fee of $10,000. In addition, all persons employed to be engaged directly with igaming activities would require an occupational licence for $100. The licences would include an annual renewal fee of $100, although the bill would allow the person’s employer to pay these fees on behalf of their staff. The West Virginia Lottery Interactive Wagering Act has now been referred to the House Judiciary Committee for its first consideration.  The latest bill comes after Representatives Shawn Fluharty and Joe Canestraro last month also introduced House Bill 2178, seeking to amend the 1931 Code of West Virginia to legalise igaming for players aged 21 and above. Much of the language in the new West Virginia Lottery Interactive Wagering Act is similar to that of the state’s recently enacted sports betting laws. Since last August, consumers have been able to place bets in-person, and this was extended in December to allow for online wagering. Hollywood Casino was the first venue to launch in-person sports betting, via a partnership with William Hill. Mountaineer Racetrack and Casino, Delaware North’s two sites and the Greenbrier resort have since followed suit. Image: Joel Kramer Legal & compliance West Virginia to consider new igaming bill AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling Topics: Legal & compliance A group of West Virginia lawmakers have introduced a new bill in the latest effort to legalise online gambling activities in the US state. Subscribe to the iGaming newsletter Email Address Regions: US West Virginialast_img read more

Dutch trade body calls for tax hike reversal

first_img Tags: Online Gambling OTB and Betting Shops Topics: Casino & games Finance Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 3rd April 2019 | By contenteditor Frits Huffnagel, chairman of Dutch gambling trade body Van Kansspelen Branche-organisatie, has called on a temporary gambling tax increase to be reversed after the country revealed an €11bn (£9.4bn/$12.4bn) budget surplus. Dutch trade body calls for tax hike reversal Regions: Europe Western Europe Netherlands Frits Huffnagel, chairman of Dutch gambling trade body Van Kansspelen Branche-organisatie, has called on a temporary gambling tax increase to be reversed after the country revealed an €11bn (£9.4bn/$12.4bn) budget surplus for 2018.The 2018 surplus – equivalent to 1.5% of the Netherlands’ gross domestic product – came after an increase from 29% to 30.1% of gross gaming revenue was introduced in July last year.Under the country’s Remote Gaming Act, which was finally approved in February by the Senate upper house of the Dutch legislature some five years after it had been introduced by the House of Representatives, operators will eventually be taxed at 29.1% of GGR.However, with the first licences not expected to be awarded until the middle of next year at the earliest, and in light of the country’s healthy balance sheet for 2018, Huffnagel (pictured) insisted there is no reason why the temporary tax increase cannot be reversed “as quickly as possible, but no later than January 1, 2020”.He added that, given the budget surplus, “this unfair tax increase was therefore not necessary to ensure central government could balance the books”.Huffnagel, in a meeting with Van Kansspelen members, said that it was in State Secretary for Finance Menno Snel’s powers to reverse the tax hike, which had contributed a total of €20m towards the country’s surplus.Under current plans, the temporary increase will only be reversed on January 1, 2021 – six months after the Netherlands’ Remote Gaming Act is set to come into force.“It was already unreasonable and unfair, and it now appears to be unnecessary,” Huffnagel added.“Providers have been paying for two years for political dawdling and the premature behaviour of the State Secretary for Finance. It is now a natural moment to reverse the increase. By doing this, providers will also have the necessary financial headroom to meet the strict new requirements.”Van Kansspelen lists 102 members on its website, including slot machine manufacturers, lotteries, casinos and online providers.Van Kansspelen is a member of Euromat, the European Gaming and Amusement Federation.Image: Euromat Subscribe to the iGaming newsletter Email Addresslast_img read more