State of the union

first_img Topics: Casino & games Legal & compliance Sports betting Tribal gaming Casino & games State of the union Segev LLP tracks the fast-moving regulatory scene in the US since PASPA’s repeal Regions: US Already live Coming in 2018 Hopeful for 2019 2020 and beyond Tags: Online Gambling NV, NJ, MS, DE, WV PA, RI KS, KY, MA, MI, MO, NY CA, LA, MD, OH, SCcenter_img 6th September 2018 | By Hannah Gannage-Stewart Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Sports betting remains at forefront of the US gambling policy landscape and will be driving issue for months to come. August got under way with the rollout of legal sports betting in Mississippi and closed with the launch of live sports betting in West Virginia. That brings the total number of states to go live since the repeal of the Professional and Amateur Sports Protection Act (PASPA) to four. Additionally, Pennsylvania and Rhode, have approved legalised sports betting and are expected to join the growing list before the end of the year.Following is a state-by-state look at what’s happening across the country.West Virginia: Live sports betting has arrivedHollywood Casino at Charles Town Races took its first legal bet on sports on 30 August, two days ahead of the schedule. The state enacted its sports betting law in March 2018 and is the fourth US state to launch sports betting since the repeal of PASPA. Hollywood Casino is one of five West Virginia casinos, and the other four are expected to go live with sports betting sometime between mid September and mid October. Under the new law, casinos can offer online and mobile wagering, but Hollywood Casino is reportedly 30 to 60 days out from setting up its sports betting mobile app. Use of such apps for remote electronic gambling is limited to patrons located physically inside state borders.Mississippi: Liftoff on 1 AugustLegal sports betting officially began in Mississippi on 1 August at noon, with sportsbooks at Gold Strike Casino in Tunica and Beau Rivage in Biloxi opening their doors for business. Mississippi is the third state, following New Jersey and Delaware, to take legalised sports betting operational following PASPA’s repeal, and one of the few expected to do so in time for the start of the NFL season.The venues may only offer sports betting on casino premises. Wagering via handheld devices will be allowed, but only if the participant is physically located on the casino property. A 12% revenue tax will be assessed, with 8% going to the state and 4% going to local municipalities.Pennsylvania: Despite cost, two sports betting applications so farDespite the $10m licensing fee and the 36% tax rate, the Pennsylvania Gaming Control Board has reported that they have received two applications for permits to offer sports betting: the first on 17 August, only a two days following the legalisation of sports betting, from Penn National Gaming, the owner of Hollywood Casino in suburban Harrisburg, and the second from Parx Casino on 27 August.The Pennsylvania Gaming Control Board will not consider either application before its 3 October meeting, however, so sports betting will not be in place before the 6 September kickoff of the NFL season in Philadelphia. Sports wagering at the two casinos is expected to launch in late fall.Meanwhile, nine of the state’s 12 casino operators have applied for umbrella online gambling licenses covering slots, casino games and poker. The remaining three operators – Lady Luck Casino Nemacolin and Presque Isle Downs, Meadows Racetrack and Casino and Mohegan Sun – have until 13 November to apply for a la carte licenses at a cost of $4m per category. The regulations allow for 12 licensees, so if any or all of the remaining three Pennsylvania operators don’t apply by the November deadline, the state will open the door to out-of-state applicants.Rhode Island: Sports betting to come a little later than expectedState officials in Rhode Island now believe sports betting will be up and running by mid-November, rather than the 1 October start date they had originally hoped for.Despite the delay, the Rhode Island Lottery did formalise details of a significant partnership with gaming technology provider IGT and sportsbook operator William Hill, who have agreed to oversee management services at the Twin River Casino and Tiverton Casino, the state’s only licensed video lottery and table game establishments.Kentucky: Odds are good for JanuaryA bipartisan group of legislators is close to finalising a sports betting bill, which it plans to pre-file prior to the start of next year’s legislative session. The legislation will reportedly include mobile and online wagering, as well as betting at brick-and-mortar facilities. The nine-member working group has reportedly also agreed to forgo an integrity fee and to tax net revenues as opposed to handle, as provided in Senator Julian Carroll’s previous bill from June.Three sports betting bills have been introduced in the state legislature, none of which have passed a committee vote thus far. Senator Morgan McGarvey predicted that the odds of the most recent bill passing when the General Assembly meets next in January are “good.”Ohio: Waiting until 2019, with constitutional questions unresolvedOhio Senate President Larry Obhof said Senate Bill 316, which would provide for legalised sports betting in the state, will be studied in a committee after the mid-term elections in November. Obhof further predicted that the bill would not likely hit the Senate floor until 2019.Meanwhile, questions have been raised about whether the legislature even has the right to legalise sports betting in Ohio. The state’s constitution prohibits gambling, except under specific circumstances. Other forms of gambling, such as casinos, were only legalised through a constitutional amendment in 2009, and Senator Obhof suggested that sports betting would need to be amended into the constitution by a vote in a similar manner.Michigan: Additional legislation is neededMichigan’s legislature passed a sports betting regulatory bill this year in anticipation of the PASPA repeal. For regulated betting to commence, they must pass a second measure covering some of the finer details, like taxation and (potentially) integrity fees.  It’s possible that the second bill will be taken up after Labor Day, once legislature has returned from summer break.New York: Full-scale sports betting seeking a new champion in 2019New York’s law authorising sports betting (pending PASPA repeal) went on the books in 2013, and Senate Racing Gaming and Wagering Committee Chairman John Bonacic this year proposed legislation creating rules for sports betting in casinos and online.The new bill, which would have levied an 8.5% tax on gross revenue, failed to progress, and the legislature adjourned 20 June. Now, the Gaming Commission is working through “short term” regulations that would authorise sports betting at the four casinos specified in the 2013 law. There is still speculation that a bill authorising full-scale sports betting in New York will be re-introduced in 2019, although Bonacic is leaving office at the end of 2018.MA, MO, KS also hopeful for 2019Efforts to fast track a sports betting measure in Massachusetts fell short in 2018, but Rep. Joe Wagner believes his initiative to legalise will be up for a vote in early 2019. Gov. Charlie Baker says sports betting will be addressed in January.Likewise, legislators in both Kansas and Missouri considered multiple sports betting bills in 2018, and their sponsors are hopeful for approval in 2019.California: Focusing on 2020 referendumIn May, Assemblyman Adam Gray introduced a bill to amend the state constitution to authorise laws to regulate sports betting, but the measure failed to find the requisite support to get on the November ballot.Proponents of sports betting in California now have their sights set on the 2020 ballot. The state has approved signature collection for the most recent measure, which was introduced in June 2018. To land on the 2020 ballet, the proposal needs to garner 585,407 signatures from registered voters by February 2019.In addition to sports betting, the measure would also authorise new types of games at card rooms, as well as roulette and craps at tribal casinos.Connecticut: Lukewarm political support stalls effortsThere is now little hope that legalised sports wagering will arrive in Connecticut in 2018. More than likely, lawmakers will get to the issue when the General Assembly reconvenes in January, at the earliest.Governor Dannel P. Malloy asked leaders of the four legislative caucuses to gauge support for proceeding with a sports betting bill while he negotiated with the state’s two federally recognised tribes. However, after hearing back from caucus leaders, Malloy claimed that the Republicans did not want to proceed, and he has since ceased negotiating with the tribes.Colorado: No constitutional barrier to legalisationThe path to legal sports betting in Colorado will be more straightforward than some had originally expected. After conducting a full legal analysis, Colorado Attorney General Cynthia Coffman has determined that sportsbetting is not subject to state constitutional restrictions. It is prohibited gambling under the state’s criminal code, however, so the matter is now in the hands of the legislature.Indiana: Studying the issueUnable to make meaningful moves towards the legalisation of sports betting during the legislative session earlier this year, lawmakers in Indiana have commissioned Las Vegas-based consultancy Eilers & Krejcik to study the issue. The group will provide lawmakers with financial and policy information that will help them develop sports betting legislation.  Eilers & Krejcik has already begun on an aggressive timeline, and expects to provide some results to Indiana lawmakers as early as this fall.LA, MD, SC are years awaySen. Danny Martiny made multiple efforts to get his sports betting bill on the agenda during special sessions, but Gov. John Bel Edwards would have nothing of it. Martiny said he’ll make another push in 2019 but is not optimistic.Maryland’s legislature has already passed a bill that would authorise sports betting at the state’s casinos and racetracks, but a referendum is necessary for legalisation to become a reality. This year they failed to pass legislation that would put sports betting on the ballot, which means the earliest it could come up for a vote is 2020.Despite the introduction of a regulatory bill in South Carolina, the state is likely years away from authorising sports betting, which would require a constitutional amendment to become a reality.Calls for a federal frameworkOn 29 August, Senate Minority Leader Chuck Schumer became the latest member of Congress to support a federal framework for sports betting, following a similar call by Senator Orrin Hatch the previous week.Schumer’s suggestions included the mandatory use of official league-supplied game data to govern betting markets, and that the sports leagues themselves should be involved in deciding what bets would be accepted. Schumer also suggested leagues should have to step up monitoring, among more obvious recommendations intended to promote consumer protection.Segev LLP employs an eight-strong igaming team with corporate, commercial, IP commercialisation, M&A, private equity finance, public markets finance, privacy and data, and regulatory and compliance experience. The firm’s senior attorneys have a combined total of more than 40 years in the industry and bolster our reputation as the pre-eminent single access point for US- and Canada-facing gambling operators’ legal requirements. Contact: www.segev.ca or US special counsel Mark Balestra at [email protected] Segev LLP presents its latest round-up tracking the fast-moving regulatory scene in the US since PASPA’s repeallast_img read more

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Camelot criticised by ASA for scratchcard ad outside school

first_img Lottery operator says database failure led to poster being placed near school entrance Lottery Camelot criticised by ASA for scratchcard ad outside school National Lottery operator Camelot has been slapped down by the UK’s advertising regulator after it placed a poster advertising a scratch card close to the entrance of a school.A complainant contacted the Advertising Standards Authority (ASA) in May, questioning whether the poster ad was directed at children under 16 years of age. The ad featured an image of a rainbow scratch card with the text “Scratch and See … Top prize £50,000 Lucky Fortune … 7 CHANCES TO WIN! £2”.Camelot, which has a policy of not placing ads within 100m of schools, said a database geolocation failure was the cause of the error. It said it now uses a different database tool which identifies the geographical boundaries of schools, rather than postcode data.The ASA found that Camelot breached the CAP Code rule 17.14, which states that “marketing communications for lotteries should not be directed at those aged under 16 years through the selection of media or context in which they appear”.“The ASA was concerned by the proximity of the poster to the school and considered that the audience of the ad would likely be significantly skewed towards under-16s and because of that it was directed at children through the context in which the ad appeared,” the watchdog said. “We therefore considered that the placement of the ad breached the Code.”It was the first ASA investigation into Camelot in four years, with a complaint over a jackpot commercial rejected back in 2014.The ruling came as the UK Gambling Commission today (21 November) urged businesses and parents to step up efforts to protect children from the dangers of gambling after a new report identified an increase in the number of problem gamblers aged 11-16.Last week, Camelot UK Lotteries announced a 5% increase in sales for the first half of its financial year, aided by a strong performance from its draw-based games. Total sales for the six months ended September 29 rose to £3.5bn, aided by growth across all product lines. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Lottery Marketing & affiliates 21st November 2018 | By contenteditor Subscribe to the iGaming newsletter Email Addresslast_img read more

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New slots on the block: The newcomers, part 1

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter New slots on the block: The newcomers, part 1 Email Address Following iGaming Business’ roundtable with the slot studios looking to take on the market leaders, we speak to some of the newcomers to the market, discussing why they are entering one of the most competitive verticals in igaming.In our last slot roundtable we focused on suppliers that had already begun developing a presence in a highly competitive market. The likes of Design Works Gaming, Relax Gaming and Yggdrasil have already begun to prove that there is room for them.The studios featured here, however, have it all to prove. They are only just making a push to grow their client base and games portfolio.What unites the three is that for relative newcomers, none are particularly new. Kalamba Games founders Steve Cutler and Alex Cohen, for example, are industry veterans. Cutler has roles at Kindred and GameDesire (formerly Ganymede) on his CV, while Cohen lists Tangelo Games, Quickspin and International Game Technology among his former employers.The others, BF Games (pronounce Bee Fee) and Evoplay Entertainment, are spin-offs of larger suppliers. BF Games has been active in the industry for around five years. Even for a studio with the backing of a larger parent, growing a meaningful business in the online casino industry is desperately difficult.Considering the number of games released each month, is it enough just to offer higher quality content than your competitors? Do you need to do more to stand out? Alexander Levchenko, CEO, Evoplay Entertainment (AL): As it stands, the current quantity of slots available on the market is far bigger than the market really needs. Players are bombarded with a raft of new offerings on the market – and if you need to stand out, you need to offer more than higher quality content.Games should never be just about flash graphics and big money wins. it’s also an experience – in line with that, player’s expectations of quality, storytelling and trying something actually ‘new’ should be met. Steve Cutler, CEO, Kalamba Games (SC): Quality over quantity is certainly a continuing trend we observe when discussing strategy with our operator partners. What constitutes quality is the million dollar question of course and has a far reaching definition. Our game design is data driven and we monitor an array of KPIs that ultimately translate into identifying and driving  ‘what makes operators more successful?’ and ‘What is it that payers love to play?’Piotr Szpoton, CEO, BF Games (PS): The performance of a game depends on a lot of things, including the market it’s addressed to. We believe in creating new games that are localised to specific markets combined with high quality.In some markets, players prefer simple graphics and high volatility over more complex mathematics and graphics and in some markets, it’s the other way around. We created games such as Stunning Hot, Stunning Hot Deluxe and Book of Ming that became very popular in Germany and other Central European countries. However, in other markets with different preferences, we have Magic Hunter and Dragon’s Power, which are increasing in popularity. A perfect example is our newest Aztec Adventure, which is a stunning 3D graphic game that we think will get a great following in the Nordic countries but probably not in Germany and Eastern Europe.There seems to have been a push to offer ancillary features to improve player retention and engagement alongside games; do you feel this is necessary to give your products more chance of succeeding? SC: The customer/player decides and there are many player demographics and geographies to consider. In simple terms, a game may be popular in Germany but less so in Scandinavia, for example.This is where a data driven approach, coupled with a consultative collaboration with operators, is key to establishing a continuous feedback loop into game design and create the most engaging experience for a variety of player demographics. This in turn makes operators more successful.
AL: Playing a game alone is no longer enough. Alongside traditional player retention features such as jackpot systems and tournaments, we need to again look outside of our industry at other areas of gameplay to improve retention.Fortnite and similar games provide a great example of ancillary features that players enjoy. In our case – that would be our work with the skin reward system implemented in our RPG slot Dungeon: Immortal Evil. When the hero wins over the Boss at the end of a bonus game he is rewarded with a unique skin that serves for hero customisation.PS: They can certainly help to improve engagement though in some cases, players can find them annoying. Very often providers go way beyond the initial scope of the game, making it unnecessarily slow or overwhelming. Ancillary features should be just an add-on to help build up the players’ relationship with a game rather than be the main scope of it.Do you feel operators give new games developers enough support to gain traction in the market? PS: Some yes, some not. Business-wise, it is understandable that picking up new fresh content can be a gamble for operators. However, if their gamble proves successful, the reward is fairly generous on both sides as the operator will have a competitive advantage by having new content to offer to its players and the game studio will have its content on the market.SC: With increased competition and regulatory fragmentation in the operator space, coupled with a proliferation of content that is somewhat lacking in innovation, our data-driven quality over quantity approach is striking a chord with operators, particularly the larger ones. Thus far we have seen nothing but enthusiasm for our content, collaborative approach and underlying design strategy.AL: The market is saturated with games. If every one of the industry’s 200 game suppliers delivers one game per month, it’s already 200 new games for an operator to feature monthly.Instead of operators giving support for traction in the market – I believe that games developers should be doing more to support operators with games that are actually innovative. The industry needs to aim for quality not quantity: high-end quality content that stands out and keeps players coming back for more.Read parts one and two of the first installment in the ‘New slots on the block’ series, and come back tomorrow for second of the newcomers roundtable. Companies: Yggdrasil Casino & games Topics: Casino & games Tech & innovation Slots 13th May 2019 | By contenteditor Following iGB’s roundtable with the studios looking to take on the market leaders, we speak to some of the newcomers to find out why they have decided to enter one of the most competitive verticals in igaming Subscribe to the iGaming newsletter Tags: Mobile Online Gambling Slot Machineslast_img read more

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Bringing harm minimisation to the fore

first_img Topics: Social responsibility Responsible gambling As one of the most complex challenges currently facing the industry, harm minimisation is increasingly a business critical part of any operators long term strategy. iGaming Business speaks to Onfido to learn how identity verification fits into the industry’s next steps While the numbers of problem gambling have historically remained consistent at around 0.7%, the increased reach of igaming means a  higher volume of people are affected overall.This and the variety of new channels for engagement and advertising developed in recent years have made harm minimisation a focal point of conversation in the industry, but also from external parties. As pressure ramps up from politicians and the media, operators must act quickly to develop an understanding of problem gambling and markers of harm at the earliest possible stage.iGaming Business spoke with James Baston-Pitt, UK accounts lead at Onfido to discuss their involvement in harm minimisation, and how they are leveraging identity verification technology to tackle the challenge head-on.Baston-Pitt says: “The industry is experiencing tighter regulatory scrutiny than ever before, with regulators responding in part to a perceived lack of advertising restraint, and to prevalent outdated processes that meant full KYC/EDD was only conducted at the end of the customer journey, once a player tried to collect winnings.”He adds that this has resulted in a lack of faith in the industry, as well as interventions by regulatory bodies: “From a business perspective, the industry not acting quickly enough of its own accord has left us seeing large fines making waves.”While there is a genuine appetite to raise the bar, there is no unified way forward laid out for the industry as a whole, and Baston-Pitt says closer collaboration is needed as opposed to disparate harm minimisation initiatives. Identifying the problemBaston-Pitt believes that identity verification has the potential to solve challenges around compliance, fraud and harm minimisation: “It’s more than just adhering to regulatory stipulations, it’s about truly knowing your customer.“We recently met with Gamstop to explore areas where we could add value and we were in agreement, that identity is a critical component in solving the wider responsible gambling problem.”Currently, Baston-Pitt notes an array of challenges preventing a better unified approach. For example, in most countries there is no centralised identity system, and legacy data, such as from that provided from the CRA’s , allows for significant gaps in the system. This isn’t just a problem in the UK, either – Baston-Pitt cites Sweden and Denmark as examples, where there are strong national ID systems, but this alone hasn’t solved the problem.Other countries, such as Germany, are starting to look at document and facial biometric technology, while Spain in some circumstances is mandating document verification.However, in order to solve the identity problem, Baston-Pitt says a much more robust underlying system is necessary to support progress: “Is it right that when data and technology – and consumer requirements – have moved on, we are still rooted in a decade long solution? We need to accept the limitations of the existing system and move forward to a new one together.” Forging a new pathIn recent years, other sectors have moved on and embraced documents and biometrics with great effect. For instance, Baston-Pitt says, in challenger banking, where the technology is assisting Onfido clients such as Revolut and bunq in removing friction while also protecting against fraud, friendly or otherwise.He adds: “Similarly, in transportation, our clients want strong security, whilst not adding so much friction they can’t grow — Drivy decreased the frequency of theft attempts by 22% since by enhancing their process with Onfido technology while also decreasing drop-off by a whopping 23%.”However, as with many challenges this industry faces there is no silver bullet solution, and Baston-Pitt says much closer collaboration is vital to driving success: “There’s a lot of great ideas out there from operators launching responsible gambling initiatives, but the sector must work together.”But this is not just in the UK. With growth in traditional markets slowing, opportunities, and therefore risk, is shifting to new, emerging markets such as Latin America and Africa. That comes with new challenges and there is an urgent requirement to find a process that fits the needs of each new market in line with the best practice established elsewhere.He also feels that emerging markets and new jurisdictions have a great opportunity to start from a better place without the constraints of legacy methods, noting Africa’s mobile-first approach to this as exemplary. ‘These jurisdictions do not have access to the old style banking and identity systems that are the foundation of the more traditional markets so how we adapt our services to embrace the advantages technology brings will be critical to the success in these regions. “Working with stakeholders, especially regulators, who are grappling daily with the demands of effective regulation and player protection’ means we are fully aware of the challenges ahead and we hope to bring some of the best practice we employ elsewhere to help support the gambing sector” Bringing customers on the journeyAn important component of this transition will be how customers are factored into changes, Baston-Pitt says, will be ensuring trust and sustainability: “They have shown that they are willing to share data and information if it is willingly shared, fully verified and responsibly used, it will serve to benefit both parties.”Customers will lead the identity revolution from a UX and friction perspective, he says, driving for seamless journeys, wider acceptance of documents and biometrics, and by trading data in a consensual, responsible and protected environment.In addition to its services in biometrics services,  Baston-Pitt says Onfido is investing heavily in its autofill registration product, where a consumer can take a picture of their document in order to auto-populate registration fields, which reduces the number of drop-offs from repetitive data entry.“Our autofill registration product can assess whether an application is fraudulent to 98.7% accuracy, extract the ID data and provide it directly to the operator.”“Across the business, but especially when it comes to our product team, we are striving to use the next generation of data and technology to add in layers of safety and security that will both enhance the customer experience and increase the robustness of the identity check required. If we genuinely want to create a sustainable industry there can be no more important issue than protecting the customer. At Onfido we are doing our best to make sure we contribute to the sectors efforts in this area.” For further insight from James Baston-Pitt and Onfido, watch our on-demand webinar today – “Identity verification: the solution to the gambling industry’s most complex challenge?“ Social responsibility Bringing harm minimisation to the fore AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 11th November 2019 | By Josephine Watson Subscribe to the iGaming newsletter Email Addresslast_img read more

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Nevada gaming market tops $1bn for sixth time in 2019

first_img Topics: Casino & games Finance Sports betting Poker Slots Horse racing Nevada’s gaming market generated revenue of $1.02bn in October, and while this represented a 3.9% year-on-year decline, it marked the sixth time in 2019 that the monthly total surpassed $1bn.  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Casino & games Nevada gaming market tops $1bn for sixth time in 2019 Nevada’s gaming market generated revenue of $1.02bn in October, and while this represented a 3.9% year-on-year decline, it marked the sixth time in 2019 that the monthly total surpassed $1bn. The largest single source of revenue was slot machines, which accounted for $699.1m of the total, an 0.8% improvement on the prior year, with table, counter and card games revenue (including race and sports betting) falling 12.6% to $322.8m.However, sports betting handle once again surpassed that of New Jersey in October according to the figures from the Nevada Gaming Commission. Customers staked $543.5m on sports, which with a hold of 8.81%, generated revenue of $47.9m, a 61.7% year-on-year increase.Read the full story on iGB North America. Regions: US Nevada Tags: Card Rooms and Poker Race Track and Racino Slot Machines Email Address 27th November 2019 | By contenteditorlast_img read more

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Newgioco and WIN.gg unveil new esports betting ventures

first_img iGaming operator and supplier Newgioco has launched a new esports wagering service through its online gambling channel in Italy, while news portal Win.gg has rolled out a new esports betting brand. 7th April 2020 | By contenteditor Casino & games Subscribe to the iGaming newsletter Topics: Casino & games Esports Sports betting Video gaming iGaming operator and supplier Newgioco has launched a new esports wagering service through its online gambling channel in Italy, while news portal Win.gg has rolled out a new esports betting brand.Customers of Newgioco’s online operators through Multigioco in Italy can now wager on the outcome of esports events such as League of Legends, Dota 2 and Starcraft, as well as esports versions of NBA basketball, Formula One motor-racing and MotoGP motorcycle racing.Newgioco said the launch of esports betting is intended to fill the gap left by the postponement and cancellation of major sporting events around the world due to the global outbreak of novel coronavirus (Covid-19).Last week, Newgioco reported a drop in sports betting revenue for March, though this has been mitigated in part by growth in other verticals. Sales were down to $1.5m (£1.2m/€1.4m) for the period from 1-25 March, while sportsbook gross gaming revenue also fell 42.7% for the period.“We are absolutely committed to keeping our full team employed during the global pandemic and with the challenges currently facing our normal markets,” Newgioco chief executive and chairman Michele Ciavarella said.“The first result of our whole team approach is the launch of esports in the online channel in Italy within one week of regulatory approval. The rapid go-to-market of esports offerings reflects the talent and efficiency of our design team and flexibility of our Elys platform.“The focus is now to accelerate the development of our unique US sports betting platform in preparation for the re-opening of markets once the crisis subsides.”Meanwhile, Win.gg has announced the launch of Winners.bet, a new platform dedicated to esports betting.Customers can place bets on competitions based around Counter-Strike: Global Offensive, Dota 2, League of Legends, Overwatch, and StarCraft 2, as well as view live streams of the events.Win chief executive Serge Vardanyan said: “Sports and esports enthusiasts around the world are looking for new and live entertainments, and more specifically, for opportunities to engage with those entertainments through betting. We’re happy to be able to step up and meet that demand.”Interest in esports betting has significantly increased in recent weeks, with customers unable to bet on traditional sports as a result of the widespread shutdown. The market has responded with a series of new launches and developments to cater for growing demand.Online operator Puntt launched a new esports player betting platform, allowing users to wager on individual competitors, which it claimed to be the first offering of its kind in the industry.iGaming software supplier and white label solutions provider EveryMatrix also enhanced its OddsMatrix service to help customers move into the esports betting market.In addition, the Nevada Gaming Control Board gave its approval for licensed operators in the state to begin accepting bets on a number of esports events, including the ESL Pro League Season.center_img Email Address Newgioco and WIN.gg unveil new esports betting ventures Tags: Video Gaming AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

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Lithuanian operators stop advertising in lockdown

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 14th April 2020 | By Daniel O’Boyle The Lithuanian Gambling Business Association and National Gambling and Games Business Association have asked their members to stop advertising online gambling during the country’s national lockdown caused by the novel coronavirus (Covid-19) pandemic. The Lithuanian Gambling Business Association and National Gambling and Games Business Association have asked their members to stop advertising online gambling during the country’s national lockdown caused by the novel coronavirus (Covid-19) pandemic.The Lithuanian Gambling Authority said the operator associations took action after members did not take steps to limit advertsing as suggested during the lockdown.The regulator explained that it sent a letter to operators on 1 April, including recommendations prepared by the European Gambling and Betting Association (EGBA) and aimed at encouraging responsible advertising.“The Gaming Authority points out that advertising is one of the stimulating factors for people with gambling problems,” the Authority said. “Advertising can encourage these people to gamble, especially during quarantine.”However, the regulator said that these recommendations were not taken into account. Instead, it noted that gambling advertisements online took up more space on web pages than before.Among the sites found to have features increased advertising were basketball news sites Basketnews.lt, which includes advertisements for Olympic Entertainment Group’s OlyBet and krepsinis.net, which includes advertisements for Betsson’s Betsafe brand.Although the regulator’s its efforts to contact those stepping up their level of advertisements were ignored, the Lithuanian Gambling Business Association and National Gambling and Games Business Association both opted on 8 April to suspend all remote gambling advertising.Last week, Lithuania’s neighbour Latvia banned all online gambling during its own lockdown, as part of the country’s emergency coronavirus (Covid-19) bill.The bill – signed by the country’s president, Egils Levits, on 22 March – initially left the status of online gambling unclear, but on 6 April, the country’s gambling regulator recieved clarification that all online licences were to be suspended. Topics: Legal & compliance Marketing & affiliates Tags: Online Gambling Regions: Europe Baltics Lithuania Legal & compliance Subscribe to the iGaming newsletter Lithuanian operators stop advertising in lockdown Email Addresslast_img read more

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Covid-19 halts DoubleDown Nasdaq listing plans

first_img Regions: Asia US South Korea Casino & games Email Address South Korean social gaming giant DoubleU Games has announced that it will put plans to list its social casino subsidiary DoubleDown Interactive on the Nasdaq stock exchange on hold, blaming economic uncertainty. South Korean social gaming giant DoubleU Games has announced that it will put plans to list its social casino subsidiary DoubleDown Interactive on the Nasdaq stock exchange on hold, blaming economic uncertainty.In a Korea Stock Exchange (KRX) filing, DoubleU explained that it believes investor appetite for the listing has declined as a result of the uncertainty caused by a re-emergence of novel coronavirus (Covid-19) in the US.The business did note that it would re-examine the possibility of a market listing at a later date, when it felt conditions were more favourable, and would aim to do so as quickly as possible.DoubleU first announced plans for the listing in June, revealing that it aimed to raise up to $100m, through the stock market float. This would have seen 400,000 new ordinary shares and putting the 360,000 shares held by South Korean venture capital fund STIC Investments up for sale.Read the full story on iGB North America. Topics: Casino & games Social gamingcenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter 2nd July 2020 | By contenteditor Covid-19 halts DoubleDown Nasdaq listing planslast_img read more

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Texas sports betting bill referred to House Committee

first_img Topics: Sports betting Online sports betting Sports betting regulation Introduced earlier this year by Democratic Representative Harold Dutton, House Bill 1121 sets out plans to legalise sports wagering via the internet and similar platforms. If more than five operators apply for a licence, the Department would select the operators that it determines would best adhere to licensing requirements and maximise sports betting revenue for the state. Texas sports betting bill referred to House Committee The Texas Department of Licensing and Regulation would assume responsibility for overseeing the market, including awarding licences to any operators wanting to launch in the state. Sports betting Regions: Texas 5th March 2021 | By Robert Fletcher Licences would cost $250,000 each, though only five permits may be issued at any one time. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter The Texas House of Representatives’ State Affairs Committee is to run the rule over a new bill that proposes legalising certain forms of sports betting in the US state. Operators that secure a licence would be subject to a tax rate of 6.25% on sports betting revenue generated in Texas. This would be payable to the Department on a monthly basis. Read the full story on iGB North America. Email Addresslast_img read more

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ANJ flags concerns over licensees’ player protection strategies

first_imgThis forms part of the ANJ’s new five-pillar strategy that will underpin its oversight of the market over the next three years. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Social responsibility In particular, it said tools and resources for problem gamblers were not easily available, while identification of problem gamblers and training of employees were also not up to standard. 19th April 2021 | By Daniel O’Boyle “It is distinguished in particular by the setting up of an ambitious program aimed at guaranteeing the ban on gambling by minors on all game types, innovative prevention initiatives, diversified and adapted to the profiles of players, and the existence of an advanced player identification and support system for pathological gamblers,” the regulator said. There was no indication that any plan was rejected outright. Tags: Kindred Group La Française des Jeux PokerStars L’Autorité nationale des Jeux Betclic Everest Pari-Mutuel Urbain Group Partouche Winamax With Winamax, meanwhile, clear signposting of the prohibition on minors gambling, availability of responsible gambling tools and a system for recognising problem gamblers were all recognised as areas the operator must improve to have an adequate plan. For Unibet operator Kindred, the operator’s indemnification systems for problem gambling were praised, but the ANJ said communications needed to make clearer that minors are prohibited from gambling. Email Address While the ANJ approved this plan, it told the operator it must improve these areas. This included providing technical specifications of its system to recognise problem gamblers, taking effort to strengthen its training system and ensuring the accessibility of RG tools. In January this year the French government submitted a range of player protection regulations to the European Commission for approval. As part of these regulations, every licensee was required to submit a plan of action to ensure players could gamble sustainably. Examining the plan of FDJ, the regulator approved the plan with no further conditions. It said the lottery operator “reflects the operator’s desire to meet” the French government’s objectives regarding protecting minors and problem players. “Further progress is expected from the operator to fully achieve the objective of preventing excessive or pathological gambling,” the ANJ said. However, it also raised questions about the availability of responsible gambling tools and said Betclic must ensure that these are accessible. Regions: Europe Western Europe France Topics: Legal & compliance Social responsibility Regulation Responsible gambling Subscribe to the iGaming newsletter The ANJ conducted a similar review of operators’ marketing strategies in January. In this review, it said it had “serious concerns” about the marketing strategies of FDJ and PMU, which it said appeared to target young people. The regulator, which was established last year to oversee all gambling in France, examined action plans from all operators active in the country, including the two former monopolies, La Française des Jeux (FDJ) and Pari-Mutuel Urbain (PMU). The ANJ said it prioritised four main issues: prohibiting minors from gambling, allowing for self-exclusion and other checks, identifying and supporting potential problem gamblers and having a general policy that focused on protecting these groups. As well as approving 96 plans, the ANJ said it may make decisions later on some land-based casinos which may only open at a later date because of restrictions related to the novel coronavirus (Covid-19) pandemic. For PMU, however, it raised some concerns and thus added further conditions. L’Autorité nationale des Jeux (ANJ) has approved or suggested improvements to player protection plans licensees were ordered to submit as part of the French gambling regulator’s increased focus on social responsibility. Turning to private operators, online betting market leader Betclic was also approved with conditions following some concerns. The ANJ said the operator had “a vigorous action program aimed at preventing minors from accessing its gambling offerings, an identification and support system for excessive or pathological gambler that the operator intends to further improve during the current exercise and, finally, a proactive and structured company policy for the prevention of excessive gambling marked by ambitious objectives”. ANJ flags concerns over licensees’ player protection strategieslast_img read more

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