The latest news from the Casino world!
The latest news from the Casino world!
The green and black formula 1 car of the stake kick sauber f1 team

Stake will not sponsor at the Spa-Francorchamps Formula 1 GP

13 Mar 2024 • Reading time: 2 minutes

In 2021, Stake was already labeled as an illegal casino by the Gaming Commission (KSC). On February 22, 2024, Stake was even fined 200,000 euros due to a sanctions procedure. Because they are on the blacklist, they are not allowed to act as main sponsor in the Formula 1 Belgian Grand Prix. That is why Stake is not allowed to sponsor the Kick Sauber F1 team during the Grand Prix.

Because there was also a lot of criticism from politicians and legal gambling companies. Patrick van Hecke (Green) wanted to know from the Minister of Justice Paul van Tigchelt whether the Swiss team could start advertising Stake. But the cars will definitely be at the start. No European gambling policy prohibits this. According to the minister, this means that you cannot ban any European team from entering into a partnership with a gambling company that is on our blacklist of illegal casinos.

However, the teams will have to take into account the regulations regarding sponsorship of gambling companies when the transition period ends on December 31, 2027. Logos of gambling companies on sports clothing, sports equipment, in a stadium or on a circuit are currently still permitted.

Kick as main sponsor instead of Stake

Sauber has announced that the Stake logos will be replaced by stickers from sister company Kick in countries where promotion for gambling companies is not allowed. The team will function as the Kick Sauber F1 Team in the Netherlands, Spain, Australia and Qatar, among others.

 | 

Nathalie has been working in the following sectors for many years: Media, marketing and (casino) gaming. Also abroad. In the casino sector she even gained experience in Gibraltar.

She also has a passion for writing, inventing, inventors, history, art and innovation. She likes to share fun facts with her readers and combine all her passions to present you with fun articles and topics. Because the casino sector also brought forward many inventors, creators and a lot has also happened historically over the years. How has the casino sector been able to evolve into what we know today? This also interests Nathalie very much. Just like the rules of the game and how (casino) games are created.

Recommended

Betsson pulls out: Why the operator is giving up on Holland Gaming

While the deal between Betsson AB and Holland Gaming Technology looked set to close in February 2024, the Swedish group surprised the iGaming industry by announcing in early June that it was cancelling the planned acquisition outright. The deal, worth a total of €27.5 million, included Holland Gaming Technology Ltd and its in-house studio Holland Power Gaming BV.

Kansspelautoriteit: Extension of online license cannot be taken for granted 

The Kansspelautoriteit (Ksa) warns gambling companies that they should not simply assume that their online license will be extended when the term has expired. 

GC study: legal gambling sites are more often recognised

A year after the entry into force of strict restrictions on gambling advertising and a few months after the minimum age for participation was raised to 21, the Gaming Commission (GC) is sharing the results of a new study carried out by DataSynergy on gambling behaviour, similar to the one carried out in 2023.