Topics: Finance Evolution Gaming ready to go in New Jersey AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter 18th July 2018 | By contenteditor Email Address Tags: Mobile Online Gambling Finance Live casino giant gives detailed plans for studio launch Evolution Gaming said its New Jersey live casino studio will launch with 10 tables in the next two months as the company outlined plans for growth in North America in its H1 financial results.In the six months to June 30, Evolution saw operating revenues up by 35% to €110m ($128m), with EBITDA up by a similar amount to €48m.Evolution’s share price soared by more than 10% today (Wednesday) following the release of its results.The company said a highlight of the most recent quarter was “clear progress” in New Jersey, where it signed several new customer agreements with Resorts Casino Hotel, Ocean Resort Casino and 888.Evolution’s studio, set to go live by the end of Q3, is being built to serve several operators and will initially offer 10 tables with Live American Roulette, Blackjack, Baccarat, Three Card Poker, Ultimate Texas Hold’em and Slingshot Auto Roulette.“More games and tables will then be released gradually, including dedicated tables for specific operators,” said Evolution chief executive Martin Carlesund.The company’s Q2 trading update showed that revenue in regulated markets was down slightly quarter-on-quarter to 31%.Growth in the Rest of the World grew from 22% to 25% quarter-on-quarter, and is up from just 14% in the corresponding period during 2017.Carlesund added: “We see continued favourable demand for tables … and expect to have a total of more than 500 in operation at the end of the year.“Similar to our historical pattern, we are leveraging our size and utilising our expanded resources for optimum efficiency, with each new table being optimised and delivering more over time.“I can state that we are continuing to deliver on our ongoing mission to continuously extend the gap between us and our competitors.”The Stockholm-listed company is preparing for regulatory changes in Sweden, and just recently signed new deals with Svenska Spel and horse racing operator AB Trav och Galopp (ATG) that will go live on January 1.Carlesund said: “We take a positive view of regulation and look forward to continuing to work with both existing and new customers in Sweden’s new gaming market.”
AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Email Address 16th November 2018 | By contenteditor Tech company wants to ‘capitalise on the worldwide growth of lottery’ through acquisition Topics: Finance Lottery Finance Sportech eyes takeover of lottery supplier Lot.to Sportech has announced plans to acquire iLottery solutions provider Lot.to Systems Limited as part of a strategic partnership aimed at broadening its offering.Just days after the technology company issued a second profits warning this year and announced the departure of CEO Andrew Gaughan, Sportech said the partnership would enable it to provide a more comprehensive suite of gaming opportunities. While giving no further financial details, it said it had entered exclusive negotiations with a view to acquiring 100% of Lot.to as it seeks to “further solidify” its global gaming services position.UK-based and regulated, Lot.to has worked with gaming companies including Lottoland and CelebPoker, as well as giant media organisations Sky and Virgin. Its products include lottery and betting games and player management systems delivered on its cloud-based iLottery platform.Richard McGuire, Sportech’s new executive chairman, said the potential for lottery is central to its interest in Lot.to, which was founded in 2016.“The global gambling market is estimated to reach an annual turnover of $635bn by 2020, with the lottery sector accounting for about 30% of that,” said McGuire.“Our strategic alliance with Lot.to will enhance our existing successful core lottery product and will help us to capitalise on the worldwide growth of lottery and lottery-style games and reach an ever-expanding digital audience.”The announcement came on the same day it was announced McGuire backed Sportech by buying 250,000 shares in two transactions worth a total of just over £100,000. Last week Sportech said its failure to secure expected international sales led to a lowering of its projected earnings for the year, leading to its share price plummeting.Explaining the potential of the iLottery sector, Andrew Lindley, co-founder of Lot.to, said “For worldwide appeal, no other gambling product comes close to lotteries.“Our future with Sportech is hugely exciting because our clients can benefit from the combination of Sportech’s proven robust processing technology and hardware and our innovative iLottery platform in a single offering as well as the obvious synergies in sports betting platforms.“Together, we can offer clients a truly world-class omni-channel solution that’s incredibly powerful.”
15th February 2019 | By contenteditor Subscribe to the iGaming newsletter Email Address iGB Diary Regions: UK & Ireland US Topics: Legal & compliance Lottery People Strategy iGB Diary Happy Friday igamers! This week we have a look at the Gambling Commission’s ICE boycott, a bit of ghetto marketing, and some over-zealous investigative journalism. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Happy Friday igamers! We hope you’re all slowly but surely on the road to recover after last week’s ICE-LAC madness. This week we have a look at the Gambling Commission’s ICE boycott, a bit of ghetto marketing, and some over-zealous investigative journalism. Message personal Following the media storm unleashed at last year’s ICE by outgoing GB Gambling Commission CEO Sarah Harrison’s comments on industry sexism and the procession of clampdown on licensees since, the regulator’s complete absence (if anyone from the GC was actually there it was incognito, the Diary understands) from the 2019 edition was made all the more conspicuous. New RGA interim boss Wes Himes was the most public critic of the decision, which set tongues wagging about what this wilful non-engagement with stakeholders at the industry’s largest event said about its current relationship status with licensees and, to borrow the words of Paul Leyland, “the extent to which it wishes to understand the industry it regulates”. The GC has, as Leyland points out, collaborated on initiatives that demonstrate the exact opposite attitude towards the sector, such as its ‘Hot Shoes’ programme which saw its staff shadow licensees in their day-to-day work. So quite why the GC decided that the message sent out by this boycott was the one it wanted to send out to a global audience has left the Diary and everyone else in the industry scratching their heads. Doubly so since the organisers of the event introduced a new code of conduct outlawing the ‘overtly sexual marketing practices’ that Harrison threatened could lead the GC to boycott the event if these weren’t addressed. Whatever their reasons, it is in everyone’s interests that they return next year.In the ghetto Following on from our two-part analysis on the unbalanced approach observed when it comes to the advertising standards applied to lottery operators compared with casino operators in the UK, MGM’s Alan Feldman provided an example of a similar bias Stateside. During a panel questioning whether or not mass marketing was the only way for operators to enter new markets, Feldman argued regulators tend to overreach and that operators should be largely trusted to act responsibly. However, he also gave a prime example of how they sometimes don’t when discussing a billboard campaign launched by the Illinois State Lottery. The lottery’s rather ill-thought out campaign plastered the most deprived part of a city with enticements to ‘play the lottery’. Although the boards were later removed due to an outcry, Feldman said someone in the organisation really should have known it was a bad idea before they went up. When asked by the moderator was his message to operators would be, between them the pair decided it was, “don’t market to the ghetto”.Pressing issues Diary was relieved to find it much easier to find a place to get onto a PC in the press area this year, thanks to what we assume was some type of security employee who seemed to be very discreetly casting an eye over people’s passes as they went in. Last year the absence of such a setup had seen all sorts sneaking in – Diary even saw one delegate tying up a terminal typing up his CV, important as it may have been to him it was hardly front page news! But some things don’t change when it comes to media etiquette – one reporter was a bit surprised to return from a short trip to the drink table to find a reporter from a rival publication reading their screen. The excuse given was that they thought their colleague was sitting there, but we weren’t buying it. Still, we have to applaud the commitment to investigative journalism, especially when said commitment has previously not let paywalls get in the way of a good story.Playing nicely Considering their companies had been embroiled in war of words over the acquisition of Lotto24, the Diary was rubbing its hands gleefully to see the CEOs of Zeal and Lottoland appearing together on a panel at ICE Vox last week. Heading down in the hope of some Jerry Springer-style fireworks, we were bitterly disappointed to see a calm and reasoned discussion about the need for innovation and competition in the lottery vertical. We jest, of course – even if it failed to slake the Diary’s bloodlust it’s an encouraging sign. It suggests the industry is maturing and growing, and of companies being less tribal. Let’s face it, rivals will have to work together almost as much as they compete if they’re to weather the increasing regulatory pressure on the sector.Memory lane In a rare moment of quiet at the conference last week, the Diary took some time to leaf through a few rival publications. It’s always good to see what the competition’s up to – provided you’re not having a sneaky glance at its work in the press room – and it’s encouraging to see a high standard of journalism across the titles. However one thing did give us cause; in one the CEO on the cover was described as the first woman to be featured there. There’s a certain Stoke-based executive who may beg to differ, especially as she’s been on it twice.That’s your lot. See you next week. iGB Diary: Boycotts and ghetto marketing Tags: Online Gambling
Topics: Sports betting Strategy AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 19th February 2020 | By contenteditor Kambi joins Swedish igaming operator association Sports betting provider Kambi has been elected as the latest member of Branschföreningen för Onlinespel (BOS), Sweden’s igaming operator trade association.The provider becomes the association’s first B2B member, and one that already Kambi works in partnership with a number of existing BOS members.Kambi joins the likes of Mr Green, Kindred, Betsson, bet365, LeoVegas, Scientific Games and GVC Holdings as member of BOS.“Kambi is delighted to have been elected to join BOS, an organisation aligned with our aims of building a successful and sustainable betting market in Sweden that not only protects players through high rates of channelisation, but safeguards the integrity of sport through sensible regulation,” Kambi’s associate general counsel Tommaso Di Chio said.BOS secretary general Gustaf Hoffstedt added: “I am convinced that Kambi has plenty to offer in our efforts to create a prosperous Swedish gambling market. Having worked with a broad variety of gambling operators, their experience is unique.“I am particularly convinced that Kambi’s knowledge will contribute greatly to the effort on conserving and strengthening the integrity in sports.”Earlier this month, Kambi posted a year-on-year increase in revenue and profit for 2019, putting this down primarily to its expansion into several new markets within the US. Revenue for the 12 months to 31 December 2019 amounted to €92.3m (£77.7m/$100.8m), up 21.1% from €76.2m in the previous year.This week, the BOS urged Swedish regulator Spelinspektionen to drop proposals to ban certain sports betting markets, saying the measures would push consumers to unlicensed operators.The organisation reiterated its concerns that by bringing certain bets out of the regulated market, authorities would then lose the ability to monitor suspicious betting and to effectively police match-fixing. Regions: Europe Nordics Sweden Subscribe to the iGaming newsletter Sports betting provider Kambi has been elected as the latest member of Branschföreningen för Onlinespel (BOS), Sweden’s igaming operator trade association. Sports betting Email Address
Tags: Online Gambling Email Address 2nd March 2020 | By Daniel O’Boyle Regions: Europe Southern Europe Serbia Serbia’s Minister of Finance, Siniša Mali, has introduced a new bill, to replace the 2011 Gambling Act, in the country’s National Assembly. Serbia aims to raise online taxes, expand casino gaming Subscribe to the iGaming newsletter Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Legal & compliance Serbia’s Minister of Finance, Siniša Mali, has introduced a new bill, to replace the 2011 Gambling Act, in the country’s National Assembly.The regulations in the new bill include increasing Serbia’s tax rate for online gambling, from 5% of gross revenue for all verticals, to 15% for online betting and 10% for other games.In a response to public input on a draft of the bill, the Ministry of Finance said that the higher rate for betting was due to the fact that 75% of turnover from betting in Serbia comes from online bets, while only 25% of turnover in other games is online.However, the bill also allows for a greatly increased number of land-based casino licences. Currently, only two licenced casinos exist in Serbia. However, Mali’s bill allows the government to grant a maximum of 10 such licenses, valid for 10 years. The license fee for these casinos is set at a minimum of €500,000.The bill would also introduce restrictions on the locations of slot machines and bookmakers. These may not be within 200 metres, by the shortest safe pedestrian path, from educational institutions, or within 100 metres from one another. This regulation does not apply to existing sites, but only to new sites that will be approved after the new law comes into effect.“We are witnessing breaches of the rules and the fact is that children are betting and giving money to adults to pay for them to bet,” Danica Bukvic of the Socialist Party of Serbia said in a debate when the bill was introduced in the National Assembly. “Therefore, strict controls are necessary to prevent all this.”In addition, the bill would establish an electronic surveillance system, intended to identify illegal gambling websites so that these may be shut down by the Serbian Gambling Authority.Gabling advertisements must be accompanied by a reminder that minors may not gamble and an addiction prevention warning, while all employees of gambling operators who have direct contact with gamblers must receive specific gambling addiction prevention training.The Red Cross of Serbia will continue to receive 40% of government revenue collected from gambling. An earlier draft of the law removed this provision, but it was returned to the bill via an amendment.
This webinar is sponsored by SafeCharge: Topics: Uncategorized Minimise checkout abandonment Build player trust Use the withdrawal flow to be an opportunity to increase revenue Recover declined transactions through innovative functionalities Increase approval ratio through transaction traffic management Decrease fees through alternatives to card payments Utilise tokenisation and billing updater Save declined transactions through partial authorisation Harness the opportunities of PSD2 to increase conversionsSpeakers: Guy Douek, SVP Business Operations, SafeCharge Imri Meir, VP Product Management, Gaming, SafeCharge Email Address 31st March 2020 | By The bottom line for gaming operators is payment conversions; in this session we will demonstrate proven strategies that boost conversions, improve approval rates and increase player loyalty. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Webinar: Foolproof strategies to boost conversions Subscribe to the iGaming newsletter The bottom line for gaming operators is payment conversions; in this session we will demonstrate proven strategies that boost conversions, improve approval rates and increase player loyalty.Our iGaming payments experts will discuss foolproof innovations and techniques that operators will find enormously beneficial for improving their payments strategies.The session will demonstrate how to: Uncategorized
Topics: Legal & compliance Tags: Online Gambling Legal & compliance 3rd July 2020 | By contenteditor Email Address Net Gaming plots early entry to Duch market Regions: Europe Western Europe Netherlands Affiliate marketing business Net Gaming Europe has revealed that it has already begun preparations for the regulation of online gambling in the Netherlands, with a view to entering the market as early as possible. Affiliate marketing business Net Gaming Europe has revealed that it has already begun preparations for the regulation of online gambling in the Netherlands, with a view to entering the market as early as possible. The Act will come into effect in January 2021, but the regulated market will not open until July 2021 at the earliest, with national regulator De Kansspelautoriteit (KSA) expected to begin accepted licence applications in the first half of next year. Ahead of this, Net Gaming said it has taken “swift measures” to ensure it is in the best position to launch in the market when it opens in around 12 months’ time. These measures include adjusting its product offering so that it is compliant with current Dutch regulations ahead of the new laws coming into effect. “The implementation of the Remote Gambling Act in the Netherlands is a step forward for the Dutch market and consumers, as well as a positive development towards locally regulated revenues for us,” Net Gaming said. “Whilst we will have a short term negative impact on revenues in the Netherlands, the measures ensure a strong position, sustainable outlook for the Dutch business and are long-term investments.” Though the Netherlands expects to launch its regulated market in July next year, Dutch Minister for Legal Protection Sander Dekker last week warned this could be delayed again after preparations were disrupted by the novel coronavirus (Covid-19) pandemic. Dekker said the roll-out, which has already been delayed by six months, to 1 July 2021, could be pushed back by “a few months” after an Member of Parliament put forward a motion proposing a postponement. Net Gaming said that it would release further information about its plans for the Netherlands when it publishes its next financial update on 13 August. The most recent update from Net Gaming revealed a 21.3% year-on-year decline in first quarter revenue, though new chief executive Robert Andersson said that a refocused business has sufficient untapped potential to grow from Q2 onwards. Revenue for the three months to 31 March 2020 fell to €3.2m (£2.9m/$3.6m), with Net Gaming saying that it continued to suffer as a result of stricter regulations being implemented across its core European markets. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter
Subscribe to the iGaming newsletter Tags: Mobile Online Gambling OTB and Betting Shops Race Track and Racino Regions: US Illinois Topics: Casino & games Legal & compliance Sports betting Horse racing Email Address Bettors in Illinois will be able to sign up for an online sports betting account without travelling to a physical location after Governor J.B. Pritzker reinstated an executive order suspending in-person registration.The remote registration order will be in force until 19 September at the earliest, after the order was reissued on Friday (21 August). It had originally been implemented from 4 June, and was due to be in force as long as Illinois’ Gubernatorial Disaster Proclamations were in place.These proclamations, setting out measures to tackle the novel coronavirus (Covid-19) pandemic, saw the state’s land-based casinos shuttered from March 16, making in-person registration impossible.The most recent proclamations ended 26 July – after casinos reopened at 50% capacity from July 1 – though at the time Pritzker did not reissue the order.While in-person registration would have significantly benefited online sportsbooks partnered with physical outlets in the Chicago metropolitan area, such as PointsBet, others including DraftKings, in more remote locations, faced having access to customers significantly reduced.However, at a time when rising numbers of Covid-19 cases have prompted new restrictions on opening hours in the Metro East region of Illinois – covering DraftKings’ sportsbook at Casino Queen in the Greater St. Louis area – players will once again be able to register online.Read the full story on iGB North America. Bettors in Illinois will be able to sign up for an online sports betting account without travelling to a physical location after Governor J.B. Pritzker reinstated an executive order suspending in-person registration. Illinois Governor reinstates remote registration for betting Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 24th August 2020 | By contenteditor
Also included in the deal is the supplier’s LANduel peer-to-peer wagering platform, that allows for skill-based betting on third-party titles. This incorporates 4-factor authentication to ensure games are played fairly, and ID verification. 26th October 2020 | By Robin Harrison The operator’s chief executive Grant Johnson said the deals for Helix and ggCircuit had created “the most diversified, US-listed esports entertainment asset in the entire ecosystem”. “Together with what we’ve already built and further near-term acquisition opportunities, Esports Entertainment Group is well on its way to becoming a global industry leader.” Subscribe to the iGaming newsletter The deal forms part of Esports Entertainment’s strategy of creating a vertically integrated esports business by combining technology, physical venues, esports betting and real-money igaming. Helix also owns Genji Analytics, which provides analytics solutions to help teams and publishers make data-driven business decisions for matching up players for tournaments and drafting new talent. Genji already works with esports publishers and leagues such as Fifa and the NBA 2K League, and aims to expand its addressable market by delivering solutions to players. It currently operates a network of more than 1,000 locations, working with businesses such as GameStop, Dell, Best Buy and Lenovo, as well as universities including Ohio State, Syracuse and North Carolina. Its ggLeap product has logged over 60m hours of usage by more ethan 2m unique gamers, on tens of thousands of public gaming screens around the world. M&A Email Address For the fiscal year to 30 June 2022, guidance has been increased significantly, from $25m to $42m. The Helix eSports deal, meanwhile, sees Esports Entertainment take charge of its five esports centers, including two of the five largest in the US. At these venues, they deliver esports programming, gaming infrastructure, and related services, for casual play, competitive tournaments and player boot camps. It is in the process of acquiring the Esports Gaming League (EGL), a British online and land-based tournament operator, having announced that deal in August. Regions: US Esports Entertainment noted that once the model is proven at Helix eSports locations, it would look to scale the solution to other centers in ggCircuit’s network, then directly into players’ homes. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Esports Strategy esports betting M&A Tags: Esports Entertainment Helix eSports ggCircuit Argyll Entertainment Esports Entertainment agrees $43m double acquisition Online tournament and adult gaming business Esports Entertainment Group has entered into an agreement to acquire B2B software business ggCircuit and esports center operator Helix eSports for an estimated $43m (£32.9m/€36.4m). “These acquisitions significantly strengthen our Three Pillar Strategy, adding state-of-the-art esports entertainment centers, an esports-focused vertical enterprise software business, a best-in-class esports analytics platform, and a player-vs-player skill-based wagering platform to our diversified asset base,” Johnson said. Further acquisitions are understood to be in the offing, aided by a partnership with independent capital markets adviser Akur Capital. That agreement, as reported in July, sees Akur act as the sole advisor to Esports Entertainment in relation to M&A activity in the online gambling sector. The $43m deals have significantly expanded the range and breadth of services the business offers, following a flurry of recent M&A. In July Esports Entertainment finalised a deal for real-money betting and gaming operator Argyll Entertainment, following this with an agreement to acquire assets owned by Flip Sports, a peer-to-peer competitive gaming solutions provider, in September. This activity followed in the wake of the business completing its listing on the Nasdaq Stock Exchange in April. While the business had originally expected to post revenue of $13m for its 2021 fiscal year, it plans to update projections once the Helix and ggCircuit deals close. The business’s technology component has been bolstered by the deal for ggCircuit, which provides cloud-based management for LAN centers, a tournament platform and integrated wallet and point of sale solutions for enterprise customers. As well as working closely with a number of major – but unnamed – publishers, LANduel is also working on a skill-based wagering pilot program with the New Jersey Department of Gaming Enforcement.
Also in relation to the bid, Sazka in November named Emma Young as transition lead, Rob Clarke as organisation leader for the bid, Steve James as its network area lead for the bid in the UK, and Gerry Walsh to serve as Sazka’s supply chain management area lead in London. Lottery Tags: National Lottery Sazka Justin King “Over the next few weeks, I look forward to welcoming more experts to our team, who will help us to share our vision for the National Lottery as the Fourth Licence Competition progresses.” King joined Sainsbury’s as chief executive in 2004 after spells in senior roles with both Asda and Marks & Spencer. While at Sainsbury’s, King oversaw 36 consecutive quarters of sales growth and profit. Topics: Lottery Management “A vibrant and growing lottery is the only way to guarantee more funding for good causes, which is crucial for helping Britain to build back better.” His role will also include advising Sazka’s transition plans and, should Sazka be awarded the licence, he would lead the transition team to help ensure business continuity. King will now work with Mills and the Sazka team on retail strategy and how the National Lottery can play a role in the revitalisation of the high street and local retail after the novel coronavirus (Covid-19) pandemic ends. Subscribe to the iGaming newsletter Sazka plans to make a series of other appointments to the advisory board, with its members set to include experts from areas such as good causes, player protection, digital and innovation, and entertainment. 14th January 2021 | By Robert Fletcher Czech gambling giant Sazka Group has announced Justin King, former chief executive of supermarket chain Sainsbury’s, as the first appointment to a new advisory board to support its bid for the fourth UK National Lottery licence. Sazka appoints former Sainsbury’s CEO to support UK National Lottery bid Regions: UK & Ireland AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “Justin’s experience will also be of huge benefit for our transition plans which must be submitted to the Gambling Commission as part of our bid,” Mills said. King will serve on the advisory board that will provide counsel to Sir Keith Mills, who was appointed as bid chair in November last year. Shortly after Mills was appointed to lead the bid, it was confirmed that if the group were to secure the licence, he would acquire a stake in the business. “We need to revitalise this precious institution by bringing back those customers that have stopped playing, while making it relevant and exciting for new audiences too,” King said. Email Address