About the Company

NetBet Enterprises, founded in 2001, operates globally in sports booking and casino games. It is a private limited company based in Malta, with the Cosmo Gaming Company as its holding company. NetBet offers various products, including lotto, live casino, and poker, in addition to sports betting and casino services. Its brands operate under licenses and regulations from gaming authorities in multiple regulated markets.

KPI Performance Indicators

Specific Key Performance Indicators (KPIs) related to ESG aspects, such as total revenue, operation costs, taxes, profit, players, emissions, and player spend breakdown figures, remain unavailable. A more detailed assessment is required to provide a comprehensive rating.

Environmental Impact

There is no published information available regarding NetBet’s environmental impact management or specific targets. Despite efforts to gather relevant data, no details have been found regarding the company’s initiatives or strategies in this area.

Social Impact

Internal:

• Limited information about the number of employees (estimated range of 200-500), headquartered in Birkirkara, Malta.
• Glassdoor reviews indicate a 3.4 out of 5-star rating, with comments on low compensation and poor management.

External:

• Responsible Gambling page on the website outlining philosophy, tools, and information on gambling addiction assistance.
• Safer gambling tools offered, including deposit limits, loss limits, bet limits, reality checks, session timers, time-outs, and self-exclusion.
• NetBet is a founding operator of the Brazilian Institute of Responsible Gaming (IBJR) to establish a fair and sustainable gambling market in Brazil.

Governance

• Compliance with regulations of respected authorities mentioned in NetBet’s Terms and Conditions.
• Limited information available about the company, indicating that transparency is not a priority.

Sanctions, Controversies, and Concerns

• Investment in an anti-money laundering (AML) framework according to a public report from Xtremepush.
• Faced a £748,000 fine from the UK Gambling Commission in 2020 for inadequate AML controls and shortcomings in responsible gambling policies. The company has since made changes to its processes.

UN SDGs: NetBet’s current stance and contributions to the United Nations Sustainable Development Goals (SDGs) are not explicitly outlined. A comprehensive ESG report would shed light on the company’s alignment with these global goals.

Overview of Awards

• The 2016 Central and Eastern European Gaming Conference Awards (CEEGA): Best Overall Sports Betting Operator

Rating

The exact total numbers related to NetBet Enterprises remain unclear based on the available data, and a more detailed assessment is needed for a comprehensive rating.

Answering Initial Questions

1. How transparent is the company? NetBet’s transparency is under question, particularly regarding ESG aspects. The absence of an official company website and conflicting information on LinkedIn pages with different headquarters raises concerns about the company’s commitment to transparency.

2. Does it have an ESG strategy? NetBet emphasizes compliance with regulations and has taken steps in response to previous shortcomings. However, the company’s overall ESG strategy remains unclear, and a more detailed disclosure is needed.

3. Has the company been sanctioned and/or has there been any controversies? NetBet faced a significant fine from the UK Gambling Commission in 2020 for inadequate Anti-Money Laundering (AML) controls and shortcomings in responsible gambling policies. The company has since made changes to its processes to address these issues.

4. Has the company any public rating? NetBet currently lacks a public rating, and comprehensive data for a thorough assessment is limited. Public ratings could provide insights into stakeholder perceptions and overall performance.

Conclusion

The examination of NetBet Enterprises reveals a mix of commitment and areas that need improvement. Concerns are raised about the absence of an official company website and the presence of two LinkedIn pages with different headquarters, raising questions about transparency. These are two different companies which are confusing, but we can’t blame it on them. Net-Bet is a lottery company based in Israel. 

While NetBet emphasizes compliance with regulations and has obtained ISO/IEC 27001 certification for information security, it faced a substantial fine from the UK Gambling Commission for AML and responsible gambling shortcomings. The company has responded with changes, including responsible gambling features.

NetBet’s commitment to the environment is unclear, as it has not disclosed impact management or specific environmental targets. Internal social responsibility aspects lack depth, with limited information on employee experiences.

Externally, NetBet’s participation in the Brazilian Institute of Responsible Gaming showcases a commitment to safer gambling, but there are no reported philanthropy actions or community initiatives.

Overall, NetBet’s transparency is questionable, and there is room for improvement in dealing with various ESG topics. Further clarity from the company on its ESG plans is needed for endorsement.

Note: This analysis is based on publicly available information, and future reviews will delve deeper into ESG reporting and potential improvements through interviews with company representatives.

Source Material: Refer to the provided hyperlinks for detailed sources.