December reexplored, featuring a Gambling Act review, FanDuel & cashless

As 2020 draws to a close, hurrah! many may gleefully declare, CasinoBeats is revisiting an unexpected 12 months full of ups, downs, and everything in between.

it was a month of significant developments to close out the year, with the not too distant past including huge moves from Flutter Entertainment the former GVC Holdings, Evolution and International Game Technology.

Alongside all of this, however, was the news many were (im)patiently waiting for, as the UK government announced the launch of the much anticipated review of the Gambling Act 2005.

Feature of the month

The future of live casino, but more importantly, boutique highroller VIP live casino action, is in unifying the online with a premium land-based experience for such VIPs, says Yolo Investments general partner Tim Heath.

“It was more than 10 years ago now that the term ‘omni-channel’ first started becoming particularly popular at gaming industry events,” he begins

“The buzzword was a favourite of industry execs promising a brave new world uniting online, mobile and land-based gaming into something greater than the sum of its parts.

“While some encouraging progress has been made in the field over the past decade, I’d argue that those solutions didn’t really address the full player experience in a complementary fashion.”

In the news

As the dust settled on news that the Department for Digital, Culture, Media and Sport will be launching its review into the 2005 Gambling Act, individuals and organisations across the industry and beyond reacted to an announcement that was, for the most part, been warmly welcomed.

Oliver Dowden, secretary of state for Digital, Culture, Media and Sport, has called for an analogue law to be brought into a digital age, and promised a comprehensive review to ensure that ‘we are tackling problem gambling in all its forms to protect children and vulnerable people’.

Online restrictions, advertising standards and the powers of the Gambling Commission will be looked at as part of a call for evidence to examine how gambling has changed over the past 15 years. This will run for 16 weeks and will close on March 31, 2021.

December also saw the birth of Entain, as the former GVC Holdings marked its first day of trading by elaborating on its US and Latin America growth ambitions, in addition to offering further detail on its Sustainability Charter and Advanced Responsibility and Care initiative.

Europe also saw Evolution take its total holding in NetEnt to approximately 96.8 per cent of the outstanding shares, as IGT inked a €950m definitive agreement regarding the sale of its Lottomatica business to Gamenet Group.

Over in the US, Flutter Entertainment took its stake in FanDuel to 95 per cent, after announcing a $4.175bn (£3.131bn) conditional agreement to acquire the 37.2 per cent…

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