BetConstruct furthers Romanian vision with ONJN Class II retail licence

first_img Karine KocharyanIndustry technology and systems provider BetConstruct continues to expand its corporate licensing provisions for the regulated Romanian betting market.Issuing a statement, BetConstruct governance confirms that it has secured a further Romania ONJN Class II licence for the distribution and servicing of retail betting systems and solutions.BetConstruct received its first Romanian market accreditation in December 2016, following the revamp of the nation’s gambling framework to allow for a regulated online gambling marketplace, with new foreign incumbents allowed to enter the sector.The update sees BetConstruct fulfil its full regulatory mandate for servicing both Romanian land-based and digital betting stakeholders, a key corporate initiative for 2018.Updating the market, BetConstruct’s Head of Licensing and Certification Karine Kocharyan commented: “The ONJN Class II License is another achievement of BetConstruct in the Romanian market, allowing the company to distribute a full package of its retail solutions to licensed betting shops throughout the territory of Romania.“Along with its current Class II Online Gaming License, BetConstruct can now secure its stable presence in the Romanian gaming industry, both remote and non-remote.” Romania’s ONJN adds 20 sites to blacklist August 14, 2020 Submit Share Superbet doubles down on Lucky7’s challenger investment  July 27, 2020 Related Articles Share StumbleUpon VBET agrees Armenian Premier League and Armenian Cup sponsorship August 13, 2020last_img read more

Playtech pushes on despite difficulties in Asia

first_img Retail closures have ‘severe’ impact on Playtech August 5, 2020 StumbleUpon Share Share Detailing its financial results for the six months to June 30, 2018, Playtech revealed that in spite of difficulties with its Asian operation, the firm’s overall revenue grew 4%. The gaming technology giant did however report a reduction in its EBITDA, which fell 13% to €145m, additionally, its adjusted net profit was €83.3m for the period, down 34 per cent year on year and 38 per cent in constant currency terms, something that challenges in the Asian market played a key part in.Away from Asia, Playtech is evidently in decent shape. Total revenues excluding Asia operations were up 35 per cent in the period, compared with H1, 2017, while 69 per cent of group revenues are now from regulated markets, up from 50 per cent a year ago. By the end of FY18, Playtech expects its regulated business to account for 80 per cent of group revenues.Playtech also completed the acquisition of Italian operator Snaitech in the period, on June 5, taking 100-per cent ownership from August 3. Earlier this year, Playtech indicated its strong acquisitions strategy would likely continue.Another business grown from acquisition, Playtech BGT Sports, continues to grow and perform well, with revenue up 27 per cent year on year and an eight-per-cent growth in retail machine footprint globally. Sun Bingo also performed strongly in H1, delivering a 28 per cent revenue growth at constant currency.The company also highlights new licensee wins in some of its key markets, most notably the multi-channel UK deal with Gala Leisure Buzz Bingo. Playtech’s plans to divest its interests in the GVC group are also continuing to progress, the company reports.Playtech’s poor performance in Asia comes as no surprise following July’s profit warning. At the time, the company said: “As previously reported, average daily revenue in Asia continues to be impacted by an increasingly competitive backdrop.“Towards the end of the first half, this market has seen a particularly aggressive pricing environment from new entrants to the market and this has impacted revenue.” Playtech said then it has seen “no material improvement” in its Malaysian business, a key territory for its Asian operations.Keen to highlight solid gains away from Asia, Playtech cited an average daily revenue in the B2B Gaming Division for the first 52 days of Q3 2018 as being up six per cent on the same period in the third quarter of 2017 (five per cent at constant currency and excluding acquisitions).The firm’s chairman Alan Jackson stated: “Playtech has had an extremely busy first half of the year with important operational progress and new licensee wins in key strategic markets, the UK, Europe and Latin America.“This continued progress is resulting in higher quality earnings for Playtech with group revenue now 69 per cent regulated. Following headwinds in Asia and a full year contribution from the landmark Snaitech acquisition, regulated revenue at current run rate is expected to be circa 80 per cent in 2018.“This progress is marked against the disappointing market conditions in Asia. However, it should be noted the headwinds in the Asian market are not reflective of the core strength of the Playtech model as the regulated segment continues to report organic growth and encouraging momentum.“Looking to the future, the delivery of the Snaitech acquisition in the period has not only delivered geographical diversification of the Group’s revenue profile but more importantly delivered a cornerstone presence in the largest, and one of the fasted growing gambling markets in Europe.” Jason Ader – No Boogeyman… Activism will play a vital part in reshaping gambling August 20, 2020 Playtech goes live in the US with bet365 August 7, 2020 Submit Related Articleslast_img read more

Kambi ramps up ‘on-property’ East Coast profile

first_img Share StumbleUpon Kambi takes full control of LeoVegas sportsbook portfolio August 26, 2020 Kambi and DraftKings agree on final closure terms July 24, 2020 Related Articles Max Meltzer – KambiStockholm-listed betting technology and systems supplier Kambi Group Plc has made its ‘US brick and mortar debut’ supporting partner DraftKings sportsbook launch at New Jersey’s Resorts Casino.Kambi which maintains the biggest digital platform supplier presence within the regulated state of New Jersey, details a crucial launch for its US growth strategy, supporting DraftKings ongoing sportsbook expansion.“This week, Kambi is preparing the ‘DraftKings Sportsbook at Resorts’ launch, which will feature a dozen betting kiosks, five over-the-counter points of sale and customised digital signage, providing Resorts with the most modern land-based wagering experience in New Jersey,” details the Stockholm enterprise.Following its Garden State debut, Kambi teams will move to launch on-property sportsbook venues across three partner sites in Pennsylvania,Updating the market, Max Meltzer, Chief Commercial Officer, said: “We’re very excited about bringing our high-quality Sportsbook to brick and mortar establishments in the US, where operators are recognising the excellence of our on-property product, both from a technology and player experience perspective.“In recent years, Kambi has invested heavily in developing a land-based solution that is on par with our online Sportsbook and, as a result, we now have the most advanced product on the market, not just in the US, but globally.“This is one of the key reasons why the likes of DraftKings, Rush Street Interactive and Parx Casino have chosen to offer our on-property product and why we are quickly becoming the number one choice for online and on-property sportsbooks on both sides of the Atlantic.” Share Simon Noy, Kambi: Revolutionising the bet builder July 20, 2020 Submitlast_img read more

BetVictor appoints Matt Parkes to oversee brand and creative division

first_imgShare Submit GiG lauds its ‘B2B makeover’ delivering Q2 growth August 11, 2020 Related Articles Betsson outrides pandemic challenges as regulatory dramas loom July 21, 2020 StumbleUpon Share EveryMatrix ups CasinoEngine gamification tools with CompetitionLabs June 29, 2020 In a bid to revamp its brand and creative division, online bookmaker BetVictor has appointed Matt Parkes as its new Director of Brand and Creative.As part of the new role, Parkes is tasked with offering strategic direction to the brand to build on its current operational success, as well as ensuring brand consistency across channels andoverseeing brand positioning, communications, creative and media spend.Commenting on the appointment, Andreas Meinrad, CEO at BetVictor, said: “Matt’s appointment comes at a significant moment in our brand’s growth. “These past few years have been among the most important for the business in terms of developing our brand proposition and assets, and we are looking forward to welcoming him to the team. His extensive marketing experience will be crucial for helping us to grow the brand even further.”Parkes boasts 21 years experience in working across a number of brand and marketing-focused roles, which have included the development of brand propositions, marketing strategies and integrated campaigns.His career to date includes senior creative and marketing roles for multiple global agencies before joining Betsson Group in July 2017 as Global Head of Publicity and latterly Global Head of Brand and Creative.Parkes added: “I’m very much looking forward to getting started with BetVictor, a company that is at a really exciting stage of its brand journey. “They have taken great strides in developing their proposition and are now ready to amplify it even more. I can’t wait to lead the next part of that process and contribute to the overall success of the company.”last_img read more

GAMSTOP adds Dr Jo Watts and Kevin Beerling to board of directors

first_imgShare Submit StumbleUpon Share UKGC suspends two licences over failure to integrate GAMSTOP April 3, 2020 National online self-exclusion initiative, GAMSTOP, has committed to broadening its governance and providing a trusted environment for all stakeholders through two new appointments to its board of Non-Executive Directors.The two new members, Dr Jo Watts and Kevin Beerling, follow the selection of the initiative’s Independent Chair, Jenny Watson CBE in September. Watson commented on the new appointments: “We are delighted that these two exceptional leaders in their fields have agreed to lend their expertise to this important project. I am very much looking forward to working with them in the future.” Dr Watts joins the board after 15 years experience in customer analytics and risk management. While overseeing the operations of data science company Effini as well as occupying a place on the Board of The Data Lab, she is heavily involved in initiatives promoting Women in Technology. Beerling, meanwhile, has a wealth of experience in legal services, risk management, HR and ICT. With a strong financial background, and upwards of 20 years Board level experience, he has previously held positions such as Group Finance Director of the Prospects Group.Both new members are hoped to bring fresh insight and a wealth pf experience which will facilitate the initiatives growth further. Gamstop assesses impact of lockdown in new report May 13, 2020 Related Articles UKGC launches public awareness campaign on gambling controls, rights and safeguards August 3, 2020last_img read more

Global Stars Group updates long & mid-term operating directives

first_img ‘Deal maker’ Rafi Ashkenazi ends Flutter tenure  August 27, 2020 StumbleUpon BlueRibbon signs strategic partnership with The Stars Group August 18, 2020 Submit Related Articles The executive team of Toronto TSX-listed The Stars Group Inc has today disclosed the firm’s medium-to-long term directives, having significantly enlarged its global identity acquiring Sky Betting & Gaming (Sky Bet) and the Australian assets of CrownBet and William Hill Australia.Today in New York, the Stars Group hosted its ‘Investor Day’, outlining core potential growth opportunities, medium-term financial planning, leveraged targets and enlarged corporate cost-synergies.Opening the Stars Group’s investors day, Group Chief Executive Rafi Ashkenazi stated:“The Stars Group is now a diversified global market leader with what we believe to be leading product offerings and an expansive geographic reach. Building on this strong foundation, we are introducing medium-term growth targets as we continue to progress with our vision to be the world’s favourite iGaming destination.”Updating stakeholders, on the firm’s long-term strategy and financial planning, Ashkenazi and Executive Chairman Dave Gadhi, detailed the following 3-to-5 year operating directives:Stars Group to maintain constant currency year-on-year growth at 8-12% rangeStars Group targets delivering adjusted annual net earning og at least 10%EBITDA Margin range broadly in line with the implied Adjusted EBITDA Margin from Stars Group’s 2019 financial guidanceStars Group will operate at debt capacity/leverage of 3.5x or lower.Supporting the firm’s 3-5 year strategy, the Stars Group governance details that the TSX firm will benefit from Sky Bet ‘incremental recurring cost synergies beginning in 2020’.In its update governance expects that Sky Bet UK operational efficiencies along could deliver the company $30 million in corporate cost savings, contributing significantly to its $100 million per year target.For 2019, the Stars Group has reserved approximately $84 million in expected implementation costs.“Looking ahead, we will strive to enhance our leadership positions within the high-growth markets in which we operate, as well as leverage the full suite of assets and capabilities across our businesses to provide what we believe to be the most exciting and engaging gaming experience to our customers,” continued Ashkenazi.“With powerful structural growth drivers in our industry, including a broad trend towards locally licensed online gaming, we believe that as one of the most licensed online gaming operators in the world, with proprietary technology that supports a highly scalable business model with limited CapEx, we are well-positioned to capitalize on this trend.“We are focused on using our competitive advantages to continue to deliver strong organic growth and steady free cash flow generation to support our accelerated deleveraging plans while driving long-term shareholder value.” Share PokerStars moves to refresh global appeal with ‘I’M IN’ August 18, 2020 Sharelast_img read more

FIBA deepens partnership commitment with Genius Sports

first_img Share StumbleUpon Related Articles Share Stats Perform extends NBL data and streaming deal July 13, 2020 Genius Sports teams up with TNM to launch tennis series May 27, 2020 Submit Dimayor Colombia strengthens integrity muscle with Genius Sports November 18, 2019 Andreas Zagklis – FIBAWorld governing body for professional basketball FIBA has extended and its legacy partnership with Genius Sports, covering multiple data and technology disciplines.Expanding a partnership that has existed since 2004, FIBA and Genius Sports will continue to work closely together improving professional basketball’s data and digital infrastructures, providing support to over ‘200 leagues and federations worldwide’.New partnership directives, see Genius Sports deliver the governing body its ‘FIBA Organizer’, digital competition management tool, and new ‘FIBA LiveStats’ provisions improving data collection on a play-by-play basis.FIBA Secretary General Andreas Zagklis said: “We are very pleased to continue this long-term and unique relationship with Genius Sports. We have been working together for more than 15 years to develop and offer state-of-the-art digital tools for national federations and leagues. Thanks to this renewal, we will continue the joint efforts in creating innovative tools and make sure that our sport is even more attractive to fans around the world.”Confirming the partnership extension, both parties have underlined a commitment to ‘eradicating data piracy’ by preventing the collection of basketball data via unofficial feeds.Genius Sports maintains that it will continue to service FIBA officials with optimum control and visibility over their data, which in-turn will help basketball stakeholders uphold commercial values whilst strengthening the integrity of their competitionsMark Locke – Genius SportsMark Locke, CEO of Genius Sports Group, said: “The Genius Sports and FIBA partnership has been one of the most influential and innovative in sports technology. Together, we’ve powered over 500,000 games from courtside in over 150 countries and engaged more than 25 million fans.“But, this renewal is as much about the future as our achievements to date, and we’re excited to introduce a number of cutting-edge innovations later this year, driving the next stage of digital transformation and data analytics for leagues and federations at all levels of basketball.”last_img read more

ID disruptor MIRACL delivers industry ‘binary proof’ solution – ‘MIRACL-Trust’

first_img Submit StumbleUpon Winning Post: Swedish regulator pushes back on ‘Storebror’ approach to deposit limits August 24, 2020 Share Related Articles Share UKGC hails ‘delivered efficiencies’ of its revamped licence maintenance service  August 20, 2020 UKGC launches fourth National Lottery licence competition August 28, 2020 Rob Griffin – MIRACLMIRACL, developer of specialist ID verification provisions for highly regulated markets has announced the launch of its purpose-built ‘MIRACL-Trust’, customer authentication solution for online gambling incumbents.The update sees MIRACL, who have developed multi-layered authentication solutions for financial services firms Credit Agricole and Experian, launch its first module for the online gambling sector – with the company detailing that it seeks to challenge ‘increasingly out-dated concept of passwords and stored credentials’.Launching its Trust solution, MIRACL details that it has delivered online gambling a ‘Zero-Knowledge Proof  ID protocol, developed by combining military cryptography algorithms with 7-patents.Benefits delivered for industry stakeholders see the MIRACL Trust solution hold no stored user data, with customers utilising a standard 4-6 digit pin to access authorised domains – which sees MIRACL minimise cybersecurity threats and user data liabilities.Rob Griffin, CEO of MIRACL explains, “Everyone hates usernames and passwords; users and operators alike. They represent the single biggest threat to safe online gaming and need to be replaced immediately. “Leading MIRACL, Griffin underlines that the firm’s development team has built the Trust solution customised to meet the diverse KYC and duty-of-care requirements enforced on gambling incumbents, which has seen all operators make undertake operational adjustments during the course of 2019.The multi-factor authentication solution operates in-app and cross-platform keeping user experience on a consistent basis by providing ‘binary proof‘ that a customer has given user consent to authorised gaming devices.“During the last year, the body of usernames and passwords that is for sale on the dark web has ballooned so things have reached a tipping point that has rendered them no longer fit for purpose in a real-money gaming environment with growing regulatory pressure and fraud considerations.” Rob Griffin adds.“It is time to re-evaluate. MIRACL Trust enables secure log-in and transactions across browser or app, mobile or desktop with a 4 digit PIN, supported by patent-awarded IP that enables the most secure multi-factor authentication on the market. It’s a world-first and a concept that I believe is a no-brainer for the highly active online gaming sector.”last_img read more

SIS extends greyhound offering to replace shortfall in horse racing

first_imgShare StumbleUpon Spotlight delivers Racing Post translated services for Pari-Engineering Russia August 26, 2020 Share Racing content and data services provider Sports Information Services (SIS) has confirmed that it will be extending its current greyhound offering to ‘temporarily replace the British horse racing fixtures’.As part of the extension, effective from 23 March, SIS has committed to increasing the number of greyhound races in its schedule to 532 races per week, an increase of 54 races.On Tuesday the British Horseracing Authority (BHA) confirmed that it had temporarily suspended all UK racing events until the end of April, due to ongoing COVID-19 concerns.Paul Witten, Product Director at SIS, said: “Our revised channels schedule means that we can now provide our bookmaker customers with a live greyhound race every six minutes, compared to ten minutes previously. British and Irish greyhound racing remains open for business and our online and retail customers will appreciate the increase in race frequency.“SIS is putting this additional content into the market at zero profit, as part of our commitment to support our bookmaker customers in these difficult times.”The rescheduled service has been crafted to offer more racing at peak retail times, to optimise events in the 12pm-5pm slot from all of SIS’s British and Irish tracks.Earlier this week, SIS strengthened its presence in the Russian market after securing a new deal with Poolbet.ru.The new agreement will see SIS distribute its World Greyhound Tote Pool, allowing Poolbet.ru to accept and transfer bets into the pool of British greyhound racing content by integrating the end-to-end solution, which consists of live streamed pictures, commentary, data on-screen graphics and markets. SIS adds Irish Greyhound Derby to its portfolio August 13, 2020 Related Articles Submit SIS grows Latin American footprint through Betcris deal August 12, 2020last_img read more

Danish lockdown sees Spillemyndigheden relaunch gambling-harm campaigns

first_img Altenar: Supporting expansion plans in Denmark and Portugal August 20, 2020 Spillemyndigheden, Denmark’s gambling regulatory authority, has announced that it will increase the exposure of its ‘StopSpillet’ helpline and ‘ROFUS’ self-exclusion scheme during the national lockdown.Despite recording one of Europe’s lowest number of COVID-19 cases (2,600) and related deaths (77), the Danish government has enforced the strictest of lockdowns to protect citizens from the virus. With national consumers facing a shutdown on movement until 13 April when the Danish government is set to review conditions, Spillemyndigheden has confirmed that it will relaunch its national campaign to promote StopSpillet and ROFUS across Danish media networks.Both StopSpillet and ROFUS programmes are directly operated by Spillemyndigheden, who have also confirmed that gambling-harm prevention and treatment support services will be made directly available to customers via video link-up. Supporting its gambling prevention services, Spillemyndigheden campaigns will focus on raising civic awareness of problem gambling behaviours. Denmark will relaunch its helpline and self-exclusion campaigns as Spillemyndigheden enforces its new ‘executive order‘ on the marketing of gambling products and services.From the start of April, Spillemyndigheden mandates that all licensed retail and digital incumbents must clearly inform consumers of age restrictions, as well as StopSpillet and ROFUS services.To help national media owners, Spillemyndigheden has issued clear examples on how its executive order should be implemented across different advertising formats. Danish gambling prepares for MitID launch June 26, 2020 Submit StumbleUpon Related Articles Spillemyndigheden reports decline in Q2 betting August 25, 2020 Share Sharelast_img read more