first_img whatsapp Show Comments ▼ KCS-content Share Tags: NULL BEST OF THE BROKERS whatsapp Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Thursday 9 September 2010 8:19 pm SANTANDERSantander offers a reasonable degree of safety within a European sector that lacks clear direction, according to JP Morgan, which maintains an “over-weight” rating. However, JP Morgan cautions that the current valuation leaves little room for earnings disappointment, Spain remains a drag, and some post-deals capital hike cannot be totally discarded.RICHEMONTNomura has a “neutral” rating for Richemont, but has upgraded its estimates and price target to reflect the group’s strong trading for the past five months. Nomura believes that Richemont is well positioned in the current climate (brands, emerging markets, conservative management), and says the shares look fairly valued at current levels.AVEVABank of America Merrill Lynch BoAML) said that even assuming a 20 per cent premium to the stock’s historic average, the current price for Aveva seems to be discounting 20 per cent upgrades. BoAML has moved Aveva from “neutral” to “sell” and said the group is a potential M&A take-out candidate – and is already more than pricing-in the risk of a take-out. last_img read more

Kindred begins legal action against Norwegian regulator

first_img Tags: Mobile Norway’s gaming regulator Lotteritilsynet has been accused of going beyond its legal remit in a court case brought by Trannel, a subsidiary of Stockholm-listed Kindred Group.A claim has been raised before the Oslo City Court against the Norwegian Ministry of Culture, which oversees the regulator, alleging that Lotteritilsynet acted outside the scope of law by attempting to prevent Kindred from offering online gaming in the country.The filing accuses Lotteritilsynet of imposing unfair restrictions on the operator, including the blocking of payments between its site and players, and sanctioning a ban on Kindred apps being listed in Apple App Store for Norway. This, Kindred claimed, went beyond its powers as a regulator.Anders Ryssdal, an attorney for the Glittertind law firm representing Kindred, told that the operator is seeking an order restraining Lottertilsynet from what he claims to be unlawful activity.“These operations are organised outside Norway in full compliance with local laws,” Ryssdal explained. “Norwegian customers, who access these [online] games from Norway, are also fully entitled to take part in such activity. Still, Lotteritilsynet attempts to restrict both Kindred and its customers with unlawful means.”The Ministry has been granted a deadline of January 23 to file its response to the Oslo City Court. No date has yet been set for the oral hearing, but Ryssdal said the case was likely to be heard in autumn next year.A spokesperson for the Norwegian Ministry of Culture told that the department was working on its response with the country’s Attorney General. Lotteritilsynet declined to comment on the case.At present, regulations only permit Norwegian customers to gamble with the state-owned entities Norsk Tipping or Norsk Rikstoto. However, some opt to place bets with international companies that do not hold a licence in the country.This year the Norwegian government has stepped up efforts to drive unlicensed operators from the market, unveiling proposals to begin blocking transactions to these sites in April this year. This was followed by an agreement with Apple to remove unlicensed operators’ apps from the App Store, following a request from Lotteritilsynet.Image: Mahlum Regions: Europe Nordics Norway Legal & compliance Lotteritilsynet accused of imposing unfair restrictions on operator after banning Kindred apps from Apple App Store Kindred begins legal action against Norwegian regulator Topics: Legal & compliance 20th December 2018 | By contenteditor Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more