Month: August 2021 Page 1 of 2

Kambi recruits Eriksson to lead US charge

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 10th May 2018 | By contenteditor Kambi recruits Eriksson to lead US charge Email Address Subscribe to the iGaming newsletter Strategycenter_img Regions: Europe Nordics Sweden Kambi has charged former Svenska Spel executive Mattias Eriksson with the task of readying its sportsbook for potential entry into the US market.Eriksson becomes the company’s first chief product officer and will have responsibility for product strategy, design and implementation.The company said that as well as delivering the products demanded by an evolving sports betting market and audience, Eriksson will “also be responsible for creating a sportsbook able to lead a potentially soon-to-be regulated US market”.“Kambi already has a fantastic product – the best sportsbook on the market but, even more importantly, it has the capabilities required to meet the challenges of a rapidly changing sports betting industry,” Eriksson said.“As a lifelong follower of US sports, I’m particularly excited at the prospect of bringing Kambi’s knowhow to American sports fans, and I’m confident we will have a product in place they will love as much as our customers around the rest of the world already do.”Eriksson, who will be based in Stockholm, will report in to Kambi deputy chief executive officer and chief business development officer Erik Logdberg.“I’m delighted to welcome Mattias,” Logdberg said. “Mattias’ knowledge and expertise in creating and commercialising future-ready products will be invaluable as we continue to build our product organisation.”Related article: Kambi pens expanded sportsbook deal with Kindred Topics: Strategy Kambi has charged former Svenska Spel executive Mattias Eriksson with the task of readying its sportsbook for potential entry into the US marketlast_img read more

Online casino up in Portugal as sports betting flattens

first_img Email Address Portugal has reported a year-on-year increase in igaming revenue during the first quarter of the year, due in part to a rise in online casino.Total online gaming revenue for the three months to March 31 totalled €33.8m ($40.4m), which is €2.5m more than in the corresponding period last year, but down €2.7m on the final quarter of 2017. Figures from national gambling regulator Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ) also showed that online casino revenue was up by 18% year-on-year to €16.4m. Slots were responsible for 55.7% of online casino revenue in the first quarter, with poker holding an 18.6% market share and French roulette on 16.1% and blackjack 9.6%. However, while online sports betting remained the main source of revenue with a total of €17.4m for the period, this amount was flat year-on-year and down by more than €3m on the last quarter of 2017. Football accounted for over three-quarters of total online sports betting revenue, with basketball some way behind in second with a 10.6% and then tennis with 9.6%.Related article: Portugal posts €122.6m in online revenue for first full year AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 14th May 2018 | By contenteditor Portugal has reported a year-on-year increase in online gambling revenue during the first quarter of the year Subscribe to the iGaming newsletter Online casino up in Portugal as sports betting flattens Tags: Card Rooms and Poker Online Gambling Regions: Europe Western Europe Portugal Casino & games Topics: Casino & games Finance Sports betting Pokerlast_img read more

New Slovakian law to “relax” online gambling restrictions

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Legal & compliance Bill that welcomes overseas operators is submitted to European Commission Regions: Europe Central and Eastern Europe Slovakia Slovakia’s gaming sector has welcomed the government’s plans for a regulated market that could be introduced as soon as next year.Slovakia has submitted draft legislation to the European Commission which would replace existing legislation that dates back to 2005 and open up the market to private operators from March 1, 2019. The Slovakian government admitted the regime has been designed to mirror its European neighbours’ success stories.Now the draft bill has been submitted there will be a three-month period of standstill as the Commission examines whether it is lawful.The new law is a significant change for Slovakia, which has black-listed more than 200 gambling domains – including household names such as Bet365 and 888 – since a previous bill was passed in 2016. Currently, online casino and poker activity remains the sole responsibility of the state-owned TIPOS national lottery.“The state began blocking illegal companies. But that was only the first step. Now comes the second, clear rules for everyone – anyone who wants to offer online casino games will be able to do so if they meet the prescribed conditions,” said Peter Papanek, head of the Association of Betting Companies of the Slovak Republic, according to Sport Aktuality.“Experience from abroad shows that, if the state wants to intervene against tax evasion and illegal gambling, it must go through the liberalisation of the market and the setting of fair conditions, inter alia, to motivate operators to operate legally.“Illegal companies thus lose the incentive to circumvent the rules, and the state, in addition to income, also gains the certainty of consumer protection. The countries that have been chosen liberalisation have rapidly reduced the share of the black market.”In its submission, Slovakia’s Ministry of Finance, which will have responsibility for gambling, said it wants to “relax restrictions on access to the internet gambling market”. Companies with a base in Slovakia or another EU state are able to apply for a licence.A new Regulatory Office for Gambling is proposed in order to centralise activities in the gambling sector. With the exception of legislation, the office’s scope would cover all activities related to the gambling sector, in particular licensing, supervision, imposing sanctions and the administration of fees.Online operators would pay a 23% tax rate under the new regime, with various operational charges.The Slovakian authorities said they were inspired by European countries that have introduced new regulated gambling frameworks in recent years such as Denmark, Sweden, Romania and the Czech Republic.“[The draft act] would take technological progress and the findings of regulatory authorities in other European countries into account more fully, while simultaneously improving the protection of players from possible harmful effects directly related to services provided in this sector,” the Ministry said in a statement.The Ministry explained that operators would need to provide the newly created regulatory authority with access to a server so that it can have oversight of data. Subscribe to the iGaming newsletter Tags: Online Gambling 27th July 2018 | By contenteditor Topics: Legal & compliance Email Address New Slovakian law to “relax” online gambling restrictionslast_img read more

Australia’s PointsBet moves into New Jersey market

first_img Tags: Mobile Subscribe to the iGaming newsletter Australia’s PointsBet moves into New Jersey market Australian operator signs up basketball legend Allen Iverson as brand ambassador and promises bettors something new with its signature PointsBetting product. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Sports betting Australian sports betting operator PointsBet has become the ninth operator to enter New Jersey’s regulated sports betting market.PointsBet, which is operating a skin under Meadowlands Racetrack’s licence, has vowed to bring a new “high-risk, high-reward” experience to US bettors through its signature PointsBetting product.Melbourne-based PointsBet said it will aim to win market share in the maturing New Jersey market through an ambitious VIP programme and an aggressive marketing campaign featuring US sports icons Allen Iverson (pictured) and Darrelle Revis.“We’re extremely excited to bring PointsBet’s premium and game-changing sportsbook and signature betting options to the US,” said PointsBet US CEO Johnny Aitken.“By offering some of the world’s sharpest betting offers and prices, we have the back of all sports bettors, no matter how sophisticated they are, and we’re serious about offering a one-of-a-kind VIP betting experience.”The PointsBetting product rewards players with more money the more they are correct.“How much users win or lose is determined by how accurate they are,” the company explained. “For example, if a user bets $10 on the over, and the total ends 10 points over, that nets users $100. Stop-loss settings are able to be set by a bettor if they wish to limit their win and loss position. Users will still be able to make fixed odds wagers, which give a simple win-or-lose scenario.”PointsBet, which has 45,000 active clients in Australia and paid out over $300m in customer winnings last year, announced it had struck a deal to enter New Jersey with Meadowlands July 2018.Its New Jersey launch comes in the same week that FanDuel, also based at Meadowlands, was revealed to be the state’s biggest betting operator by handle and revenue, according to the Division of Gaming Enforcement’s December figures.Pending legislative authorisation, PointsBet will also launch with Tioga Downs casino in the state of New York.Speaking to iGamingBusiness.com last summer, Aitken explained that US entry had been the business’ target since PointsBet was established in 2015.He said: “Our focus from day one has always been on the US, with Australia very much a proof of concept for us to get our Points Betting and sportsbook capabilities tuned up to execute at an optimal level when the market here finally opened.” Regions: US Sports betting 18th January 2019 | By contenteditor Email Addresslast_img read more

FDJ-Sporting Solutions: it’s good to talk

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe UK & Ireland Western Europe France La Française des Jeux’s (FDJ) acquisition of Sporting Solutions will see the French group use Solutions’ trading expertise to develop its B2C offering in its home market and its lottery-focused B2B activities internationally. But a clear vision of how to integrate the UK group into FDJ’s mega-structure will also be just as important if the deal is to be successful, writes Jake Pollard. FDJ-Sporting Solutions: it’s good to talk Tags: Mobile Online Gambling OTB and Betting Shops Spread Betting Subscribe to the iGaming newsletter La Française des Jeux’s (FDJ) acquisition of Sporting Group will see the French group use Solutions’ trading expertise to develop its B2C offering in its home market and its lottery-focused B2B activities internationally. But a clear vision of how to integrate the UK group into FDJ’s mega-structure will also be just as important if the deal is to be successful, writes Jake Pollard.The announcement was covered by most media outlets last week, but in truth it went pretty much unnoticed and, as such, very few questions have been asked about it.For FDJ, and, to an extent maybe, Sporting Group, that is just as well. The French state lottery only does press when it feels like it, which is not often (ie, never), and it really stuck to that MO following its acquisition of the operator and supplier.When iGamingBusiness.com emailed the company trying to find out more about the deal, what the strategy and rationale behind it were, and what we could expect to see from FDJ in terms of products, it replied: “Thank you for your inquiry. The FDJ Group of companies won’t comment further on the Sporting Solutions acquisition PR sent yesterday. We’re looking forward to sharing new development (sic) with you soon.”Talk about shutting out the press. A major gambling group like FDJ, the second biggest lottery operator in Europe, entering the B2B sports betting space is noteworthy and media interest is natural.Solutions’ strong identity Does it matter that FDJ point blank refuses to speak to industry journalists? Of course not, the practice however does not make the group look good, especially when its last foray into the B2B space, the acquisition of LVS, sunk without a trace.One industry contact, who has worked with both companies and agreed to speak on condition of anonymity, says the Sporting Solutions buy out means FDJ “has bought a fantastic trading team, a good B2B specialist which it will use to strike deals with other lotteries around the world”.In their view, Sporting Solutions is unlikely to go the way of LVS because the latter was “a small, young company when it got taken over, whereas Solutions has a strong corporate identity and commercial culture that is unlikely to get lost in the FDJ monolith. It has a much better capacity for resistance, even if the integration process will not be simple”.If FDJ’s corporate strategy seems obvious enough, “to eventually be able to price up and trade its own betting products in its home market and develop a B2B client base of (mainly) state-operated lotteries internationally”, says the contact, the two groups have very different cultures. “One is a highly commercial UK betting specialist, the other is a huge state-run operator with a very different mindset and way of working”. In terms of what FDJ is getting, a former Solutions staffer tells iGaming Business: “FDJ will be getting strong trading and tech expertise, integrations into multiple platforms and partners, algorithms across nearly all major and minor sports, with the ability to supply the trading models so that operators can self-trade.”On the downside, “spread betting business is ingrained across the company and is very difficult to separate (from fixed odds sports) and it will be interesting to see how they approach the issue.“Solutions has a fixed odds platform it bought from Grand Parade but it isn’t compatible with FDJ’s LVS legacy platform”, the former employee adds.In addition, the size of the prospective market for Solutions’ products and services at present is not broad, and “large operators are taking big sports in-house, so Solutions only get the long tail and many small and medium-sized operators have already moved to providers such as SBTech or Kambi”.Communication breakdown? The latter point is true, and while FDJ will be aiming at lottery operators around the world and taking Solutions into new regions, SG Digital/OpenBet is already doing the same and is further down that path; both commercially and at the product integration level.Furthermore, Sporting Solutions supplies many of the companies it will now be competing directly against for major contracts, even if that is an accepted part of the igaming supply chain.This doesn’t mean the project won’t be successful, but it won’t be easy, from a cultural perspective as much as a purely tech or commercial endeavour.To prove the point, the contact who has worked with both groups says he has been aware of this deal for some time. But even Sporting Solutions executives he is in touch with regularly did not know when it would be announced and were yet to hold face-to-face meetings with senior FDJ staff to work things through.But really the PR episode mentioned at the start of this article is merely an indication of the way FDJ works; and there are likely to be many more episodes where the group’s lack of clarity and communication becomes the stuff of post-work pub stories. The key will be whether it has a long-term negative impact on how Solutions operates. As the saying goes, it’s good to talk. Email Address Topics: Lottery Sports betting Strategy Tech & innovation 4th July 2019 | By Robin Harrison Lotterylast_img read more

Wildwood Casino scores sports betting deal with ISI

first_img American Gaming Group, (AGG), operator of Wildwood Casino in Cripple Creek, Colorado, has entered into a sports betting technology partnership with ISI Race & Sports (ISI). Sports betting Wildwood Casino scores sports betting deal with ISI Email Address 27th March 2020 | By contenteditor American Gaming Group, (AGG), operator of Wildwood Casino in Cripple Creek, Colorado, has entered into a sports betting technology partnership with ISI Race & Sports (ISI).Under the deal, ISI will provide hardware, software and marketing services for Wildwood’s new sports wagering offering, powered by sportsbook solutions specialist Amelco’s betting platform.Wildwood has applied to the Colorado Limited Gaming Control Commission for a license and is awaiting approval prior to rolling out the service.“Wildwood has become the market leader for casinos in Cripple Creek and we wanted a partner who could help us achieve the same status for retail and online sports betting,” AGG chief executive Joseph Canfora said.Read the full story on iGB North America.center_img Topics: Sports betting Tech & innovation AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: US Colorado Subscribe to the iGaming newsletterlast_img read more

Study: Gen X most likely to use credit cards for gambling

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Generation X online gamblers are more likely to use credit cards than their millennial counterparts, who prefer debit cards, according to new research from payments provider PXP Financial.The research found that – of a group surveyed at ICE London – more than 45% used debit cards as their primary payment method for online gaming and betting. This rose to 53% when the use of debit cards through e-wallets was included.Millennials, those born between 1981 and 1996, are the most likely to use debit cards, with 49% using them as their primary payment form. Meanwhile, only 29% of members of generation X (people born between 1965 and 1980) did so.Credit cards, meanwhile, were used by 59% of generation X, though PXP did not say how this number compared to millennials’ usage.Among respondents at ICE London, PXP also found that the majority (55%) believe that the ban on credit cards in gambling in the UK, announced by the Gambling Commission in January, would have a negative effect on the industry. This ban will come into effect on 14 April.Among generation X members surveyed, 67% said they felt the ban would have a negative effect.Of those surveyed, 52% also said that millennials were the group who spent the most while gambling, though the largest cohort of members of generation X, at 33%, said it was their own generation that spends the most.PXP also said that Generation Z – comprising people born from 1997 onwards –  is yet to have a major impact on the online payments industry, but believes that this will change over time. Generation X online gamblers are more likely to use credit cards than their millennial counterparts, who prefer debit cards, according to new research from payments provider PXP Financial. Regions: UK & Ireland Topics: Finance Study: Gen X most likely to use credit cards for gambling 7th April 2020 | By Daniel O’Boyle Finance Tags: Payments Email Addresslast_img read more

GiG secures first data platform deal with Megalotto

first_img Email Address Bingo AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Gaming Innovation Group (GiG) has announced the launch of its real-time data platform with first B2B customer, lottery betting brand Megalotto.Under the agreement, Megalotto will be able use the platform to access insights through a number of services in real-time, which GiG said would help enhance its business intelligence capabilities.The platform also features a standard key performance indicator library across all tools, powered by artificial intelligence, as well as a range of player safety and anti-money laundering tools.Backed by venture capital fund Optimizer Invest, Megalotto launched earlier this year after securing a licence from the Malta Gaming Authority. Megalotto is already operating on the GiG platform, under a deal agreed between the two parties in January 2019.“A key strategic objective for Megalotto is to be a data-driven organisation which can extract and interpret a mixture of financial and transactional data in real-time, to make better decisions for the customer and for the company,” Megalotto chief executive Grant Williams explained.“The tools we now have available via GiG data means we can continue to deliver on our vision to offer a personalised lottery and gaming experience to all of our customers, across all markets.”GiG chief commercial officer Ben Clemes added: “We are excited to expand our partnership with Megalotto to include GiG Data. Our real-time data platform offers operators a fast and scalable self-service tool that enhances business intelligence.“GiG data provides a secure and compliant data framework, which is responsive to the critical data needs of our partners.”The deal comes after GiG earlier this month completed the sale of its Zecure Gaming Limited B2C subsidiary to Betsson Group. Betsson took ownership of the assets, business activities, operations, front-end and middleware technology and gaming licences attributable to Zecure’s B2C activities. GiG secures first data platform deal with Megalotto Gaming Innovation Group (GiG) has announced the launch of its real-time data platform with first B2B customer, lottery betting brand Megalotto. Topics: Casino & games Tech & innovation Bingo 27th April 2020 | By contenteditor Tags: Online Gambling Subscribe to the iGaming newsletter Companies: GiGlast_img read more

NSW issues consumer warning over illegal gambling websites

first_imgLegal & compliance The New South Wales (NSW) Office of Responsible Gambling (ORG) has urged consumers in the Australian state not to use unlicensed overseas gambling sites, warning that players are at high risk of not seeing their money again.ORG director Natalie Wright said with many sports suspended or cancelled, and pubs, clubs and casinos temporarily closed as a result of the novel coronavirus (Covid-19) outbreak, there is a risk people will turn to unregulated sites.However, as these websites are not licensed, they do not operate in line with NSW regulations, which both Wright and the ORG said leaves players at risk of losing money and not being protected against gambling-related harm.“Overseas gambling websites are illegal in Australia, and people who use them face additional risks than when they gamble with a licensed Australian operator,” Wright said.“Some of these sites look legitimate, and they even look like they are Australian by using images such as the Australian flag and native animals. These sites are illegal under the Commonwealth Interactive Gambling Act 2001, and because they’re not regulated, there are no safeguards to protect people.”The Act permits the Australian Communications and Media Authority (ACMA) to request internet service providers to block overseas gambling sites operating illegally in Australia to help protect players.Such websites can offer gambling including casino-style games, slot machines, scratchcards, betting on the outcome of lotteries or keno, in-play sports betting and other wagering services not licensed by an Australian state or territory.“For people that do want to gamble online, you should only use services licensed in Australia, as there are consumer safeguards in place and responsible gambling options, such as the ability to set time and expenditure limits,” Wright said.In February, the NSW Independent Liquor and Gaming Authority convicted Ladbrokes Australia and Neds of illegal gambling marketing activities in the state, issuing the two operators with a record fine of AUD$207,500 (£108,853/€124,854/US$135,770), the highest ever levied in NSW.According to Liquor & Gaming NSW, the GVC-owned brands breached regulations by running inducements to gamble to NSW residents. Topics: Legal & compliance Subscribe to the iGaming newsletter The New South Wales (NSW) Office of Responsible Gambling (ORG) has urged consumers in the Australian state not to use unlicensed overseas gambling sites, warning that players are at high risk of not seeing their money again. Tags: Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter NSW issues consumer warning over illegal gambling websites Regions: Oceania Australia Email Address 30th April 2020 | By contenteditorlast_img read more

CDI reopens Derby City Gaming, purchases HRMs from IGT

first_img9th June 2020 | By contenteditor Sports betting Churchill Downs Incorporated (CDI) has reopened its Derby City Gaming property in Louisville, Kentucky, and agreed a deal to acquire 1,250 historical racing machines (HRMs) from International Game Technology (IGT).Derby City Gaming, like all CDI properties, will operate in line with the business’s new ‘CDI 360 Degree Approach to Safety’, aimed at protecting employees and customers during the ongoing novel coronavirus (Covid-19) pandemic.This will include frequent cleaning and sanitising of all high-touch surfaces, as well as mandatory temperature checks of all guests and staff upon entering the building.Other measures include placing hand sanitiser dispensers throughout its properties, providing personal protective equipment to staff and implementing social distancing at its facilities.Read the full story on iGB North America. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter CDI reopens Derby City Gaming, purchases HRMs from IGT Regions: UScenter_img Topics: Sports betting Tech & innovation Churchill Downs Incorporated (CDI) has reopened its Derby City Gaming property in Louisville, Kentucky, and agreed a deal to acquire 1,250 historical racing machines (HRMs) from International Game Technology (IGT). Subscribe to the iGaming newsletter Email Addresslast_img read more

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