August 2021

first_img Email Address Company’s H2 contingent on uncontrollable factors, but record 2019 figures expected AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Finance GAN revealed yesterday (Monday) that it expects to post record revenues, growth and earnings in 2019, but warned that the company’s performance in the second half of this year remains largely dependent on uncontrollable factors in New Jersey and Pennsylvania.Ahead of the publication on September 28 of its financial results for the six months through to the end of June, GAN said that it had performed “in line with market expectations” in the first half of the year.The company, led by CEO Dermot Smurfit (pictured), cited online sports betting developments, existing contracts and an encouraging sales pipeline for its anticipated record financial results next year.Before then, though, the outlook is more uncertain, with the variables including the growth rate of online sports betting in New Jersey and the launch date of regulated online gambling in Pennsylvania, as well as the “speed with which efficient marketing of the Overseas Internet Casino is conducted in GAN’s European markets”.The Pennsylvania Gaming Control Board (PGCB) told iGamingBusiness.com last week that a “co-ordinated launch” of online wagering by licensed operators in the state “is likely to happen if not towards the end of this year, then early next year”. With more than 12 million people, Pennsylvania is the fifth biggest state by population.GAN, though, said that real-money online gambling in the state is “now expected to commence in early 2019… due to a slower-than-expected issuance of regulations by the PGCB”.GAN’s share price fell sharply following the trading update and despite recovering slightly before the close it was still more than 9% down in comparison with 3pm yesterday by 9.30am today.However, as previously reported by iGamingBusiness.com, the rate of growth of sports betting in New Jersey – where GAN has been delivering online sports wagering services to PaddyPower Betfair under the FanDuel brand since September 1 – appears to have exceeded expectations.Figures released last week by the state’s gambling regulator showed that $95.6m (£72.5m/€81.7m) was placed in sports bets in August.In its trading update, GAN speculated that the encouraging early signs in New Jersey could have a domino effect on the acceleration of regulatory developments in other US states.“The reported success of the internet sports betting market in the first operating month of August 2018 may result in an increase in the speed of regulation of intra-state internet gambling going forwards,” the company said.“It is believed that additional US States are now considering the regulation of internet gambling.“Internet sports betting’s growth since launch on September 1, 2018 has exceeded initial expectations in the first 17-day operating period.” 19th September 2018 | By contenteditor Topics: Finance Subscribe to the iGaming newsletter US variables key to GAN performance Regions: US Tags: Online Gamblinglast_img read more

first_img Quickspin’s February Release – Ticket to the Stars AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tired of same old slot destinations? In Ticket To The Stars, we have combined the futuristic idea of touring the outer reams of the galaxy with the look of vintage Work Projects Administration posters. Topics: Casino & games Slots Tired of same old slot destinations? In Ticket To The Stars, we have combined the futuristic idea of touring the outer reams of the galaxy with the look of vintage Work Projects Administration posters.Enjoy stacks of Wilds lining up frequently and the exciting Unlimited Multiplier +2 Spins feature in the bonus, allowing for some pretty nice wins!All of this together are some of the best audio compositions this side of Jupiter.”Learn more about the slot here! Subscribe to the iGaming newsletter 29th January 2019 | By Aaron Noy Email Address Casino & gameslast_img read more

first_img The Wolf’s Bane by NetEnt AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games In this slot, you find yourself beneath a full moon, stalking an 18th century village by night. You are a fanged, clawed menace – part of an ungodly pack of wolfish creatures… and you’re hungry. If you have a fondness for 18th century villagers, the taste of them that is, then this is the game for you. Subscribe to the iGaming newsletter 30th October 2019 | By Aaron Noy Topics: Casino & games Slots In this slot, you find yourself beneath a full moon, stalking an 18th century village by night. You are a fanged, clawed menace – part of an ungodly pack of wolfish creatures… and you’re hungry. If you have a fondness for 18th century villagers, the taste of them that is, then this is the game for you.Learn more about this slot here! Email Addresslast_img read more

first_imgFinance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Consumers in New Hampshire bet a total of $17.3m (£13.2m/€15.6m) on sports during the first full month of legal wagering in the US state.The New Hampshire Lottery and partner DraftKings officially launched mobile and online sports betting in the state on 30 December, with players able to bet digitally or in person at retail locations.Full details of the first month of wagering were not disclosed, but the Lottery did reveal that net profit from sports betting in January came in at more than $1.2m.More than 29,100 people also registered to place legal sports wagers in the state.New Hampshire Governor Chris Sununu said the state was boosted by betting on Super Bowl LIV, which took place yesterday (2 February) in Miami Gardens, Florida, The Kansas City Chiefs beat the San Francisco 49ers 31-20.Read the full story on iGB North America. Topics: Finance Sports betting Regions: US New Hampshire New Hampshire sports betting handle reaches $17.3m in first month Tags: Mobile Online Gambling Consumers in New Hampshire bet a total of $17.3m on sports during the first full month of legal wagering in the US state. 3rd February 2020 | By contenteditor Subscribe to the iGaming newsletter Email Addresslast_img read more

first_img Email Address 7th August 2020 | By contenteditor Paddy Power launches Missing People campaign with Motherwell AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Flutter Entertainment-owned Paddy Power has joined forces with the charity Missing People and Scottish Premier League football club Motherwell on a new campaign to help find missing people.Paddy Power placed cardboard cut-outs of blank silhouettes across the South Stand at Motherwell’s Fir Park home stadium to raise awareness of people who have gone missing.Some 1,190 silhouettes were installed in the stand, in addition to a number of banners that read “Paddy Power’s Missing Fans”.Cardboard cut-outs of fans have become commonplace in UK sporting venues during recent month, with supporters currently unable to attend events due to restrictions related to the novel coronavirus (Covid-19) pandemic.In addition to its in-stadium presence, Paddy Power will place posters of missing people across its 650 stores in the locations that they were last seen, in an effort to help find or establish the safety some of those who are missing.“We all know fans are missing from football at the moment, but some are missing from wider life, too,” Paddy Power spokesman said. “We hope this campaign, and striking image, can spark conversations across the country – as the majority of our customer base are young men, the demographic that’s most at risk of going missing.”Missing People chief executive Jo Youle added: “This is a highly visible and needed opportunity for families in communities across the UK to raise awareness of their missing loved one – at a time when it is so hard to search due to Covid-19 restrictions.“We will also be getting the message out via Paddy Power stores to reach a key group of people at higher risk of going missing: men aged 18-39.”Last July, Motherwell was one of a number of teams to sign up to Paddy Power’s ‘Save Our Shirt’ campaign, through which the bookmaker agreed to serve as the team’s title sponsor but not place its logo on players’ shirts.Despite the lack of shirt branding, Motherwell at the time said that the deal represented the largest jersey sponsorship in the club’s history. Marketing & affiliatescenter_img Topics: Marketing & affiliates Sports betting Regions: UK & Ireland Flutter Entertainment-owned Paddy Power has joined forces with the Missing People charity and Scottish Premier League football club Motherwell on a new campaign to help find missing people. Subscribe to the iGaming newsletterlast_img read more

first_img Tags: Acroud The company has expressed its intent to expand into the US and Netherlands in 2021, after a “disappointing” Q3 in 2020 saw its revenue and profit fall significantly. Acroud said revenue amounted to €2.38m for the three months to September 30, which was down 31% year-on-year. Affiliates 18th November 2020 | By Conor Mulheir The as-yet unnamed business is, according to Acroud, a fast-growing lead generation company in sports betting which is well positioned for emerging markets such as Latin America, Africa and Asia. Subscribe to the iGaming newsletter It is comprised of around ten growth websites which will join Acroud’s existing sports betting websites to complete the backbone of its betting offering. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Also in November, the company signed a further LoI to acquire the igaming assets of online marketing supplier PMG group for €5.5m. The agreement will see Acroud take ownership of the Matching Visions igaming affiliate network, B2B software provider Voonix and affiliate campaign specialist Traffic Grid. “This is an important piece of the puzzle in the implementation of Acroud’s strategy to become the ‘media house of the future’ and a fast-growing global challenger in digital comparison and news services,” said Robert Andersson, Acroud’s president and CEO. “The completed acquisitions, together with other ongoing acquisitions, are transformative for Acroud’s operations and we are now striving to complete them effectively. The acquired business includes world-class SEO expertise and has a solid “track record” of showing strong growth, which will benefit the growth rate in our entire underlying business”. The price will be settled in cash from existing reserves (40%) and via own shares (60%). Access of the business took effect yesterday, 17 November 2020. The acquisition is expected to accelerate Acroud’s growth in strategic focus areas such as sports betting and emerging markets. Earlier this month, Acroud signed another letter of intent to acquire an unnamed “fast-growing US tipster company” for an initial consideration of €2.2m, as it continues its expansion globally. The acquired company has shown rapid growth in 2020, which is expected to continue into 2021 and beyond. Based on its current earning capacity, approximately €0.9-1m has been generated in sales and €0.4-0.5m in EBITDA over the last twelve months. PMG is expected to generate sales of between $10.0m and $11.0m this year. Acroud said that while the acquisition is subject to the two parties entering into a definitive purchase agreement, should this be the case, it expects to complete the deal before the end of 2020. Topics: Marketing & affiliates Sports betting Affiliates Acroud completes emerging-market sports betting acquisition Acroud will pay €1.5m for 51% of the business upon completion, with a call option of 49% of the business at the end of 2023 or 2025. The call option is based on financial performance for twelve months in 2023 or 2025 with an EBITDA multiple of 3.5x. iGaming affiliate company Acroud AB (formerly Net Gaming) has completed the acquisition of a sports betting business, after signing a letter of intent for the deal on 13 October this year. Email Addresslast_img read more

first_imgRead the full story on iGB North America. The weekly education series for employees will be provided by EPIC Risk Management, with the intention that this education will subsequently protect players. The announcement comes as the brands join the National Council on Problem Gambling in promoting Problem Gambling Awareness Month. Casino & games 9th March 2021 | By Nosa Omoigui AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter MGM Resorts and its online joint venture BetMGM have announced a commitment to promote responsible gaming within the betting industry, including an employee education series. Regions: US Nevada Subscribe to the iGaming newsletter MGM Resorts and BetMGM launch problem gambling education series Tags: BetMGM MGM Resorts Topics: Casino & games Social responsibility Casino regulation Problem gambling Responsible gambling Email Addresslast_img read more

first_img25th March 2021 | By Robert Fletcher Last week, the bill cleared the House of Representatives at the second attempt by a vote of 32-28, having initially being rejected by a vote of the same margin. Email Address The Wyoming Senate is to discuss a bill seeking to legalise online sports betting in the state after it secured approval from the Senate Appropriations Committee. The bill then progressed to the Senate and was sent to the Senate Appropriations Committee, which approved the bill by a vote of 4-1. Topics: Legal & compliance Sports betting Legal Online sports betting Sports betting regulation Introduced in February by Representative Tom Walters, House Bill 0133 sets out plans to authorize online sports betting in the state. Wyoming sports betting heads to Senate floor after clearing committee Regions: Wyomingcenter_img Tags: House Bill 0133 Senate Approval from the Committee means the bill will now head to the Senate floor and, if approved, it will proceed forward to Governor Mark Gordon for signing. Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Read the full story on iGB North America. Sports betting regulation The only recommended amendment flagged by the Committee was to change the start date of the legislation from July 1 this year to September 1.last_img read more

first_img Email Address There can be more back and forth with the company to address any issues which could include requiring modifications to the product.  Sometimes a company or multiple companies with a significant role in a new offering need to first get licensed and that means applications have to be completed and submitted and deficiencies cured. The company and its associated entities and individuals must next go through some level of background investigation and be considered for licensure by the jurisdiction’s decision-maker.  Topics: Legal & compliance Compliance Licensing Regulation In her second iGB column, Susan Hensel of the Pennsylvania Gaming Control Board explains the preparations that go into approving new products and businesses for launch, and what can improve those processes. “Planning is bringing the future into the present so you can do something about it now.”Allen Lakein, Best Selling Author Imagine instead, if early on in their product development, more companies communicated with the regulator about what is in their pipeline.  Playing by the rules: No surprises Further, new ideas may trigger the need for internal controls along with the inevitable review and revision required by that process.  This can involve coordination between the operator, the manufacturer, the property or platform provider and anyone else in the mix to determine how and where the product fits, how it intertwines with what already exists and what needs to be done to offer the product securely and in a manner that provides sufficient accountability should something go wrong.   It is not unusual for the regulator to then conduct internal discussions among its staff to ensure each division of specialty has an opportunity to raise concerns and weigh in on how its area of expertise is impacted.  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Playing by the rules It is also possible that in order for the technology to be allowed, new regulations or policies need to be written or existing ones amended.  No matter where you do business, the regulatory drafting and adoption procedure is not known for its speed. Frequently, this step begins with a product demonstration for the regulator followed by questions so that the regulatory team can fully understand the scope and ramifications of the new idea.   Regulatory feedback on the proposal could be provided with guidance on what would or would not be allowed and what it would take from a regulatory standpoint for the offering to be made available in the jurisdiction. This could occur prior to any coding so that the regulator’s concerns could be accommodated in product design rather than in after-the-fact product modification. Companies that provide significant portions of the technology could begin the licensing process, regulations could be prepared and put into their workflow, and internal control considerations could be contemplated.  Licensing Some products do develop rapidly to meet market needs. Some ideas truly are not on the industry’s radar until an issue arises that requires development. The regulator appreciates this and does what it can to move exceptional cases through its processes as fast as possible with the caveat that regulatory constraints mean the regulator can only move so fast. But for longer term innovation, a pipeline exists.  Communicating with the regulator about what is in it, smooths the regulatory process for all parties.  In some cases, these can be approved on a temporary basis. In other cases, the regulations are put into what can be a time-consuming review workflow that may involve parties outside the regulatory agency itself. At this point, regulations or policy documents can be prepared.  Risk mitigation is a well-worn corporate path. The best way to mitigate the risk of either less than immediate regulatory approval or even potential rejection at a time critical juncture is to get out in front of the issue. Factoring communication with the regulator into the project plan is preferable to seeking relief when it comes to the company’s attention that, with launch imminent, no one has yet sought regulatory approval. Smart companies avoid this problem.center_img As licensing director, I am one of the first people to engage in conversation with a company when it considers entering the jurisdiction. The question I am always asked is how long will it take before we can go live with our technology, game or product. And the answer is that it almost always will take longer than the company desires. The regulatory process is not fast by design as the regulator seeks to implement a well-reasoned, sustainable scheme.   For a company new to a jurisdiction, licensing alone can take six to twelve months or longer depending on the licensing classification, complexity of the entity and the workload already in the regulator’s queue. In some jurisdictions, transactional waivers, conditional licensure, or some form of temporary authorization are available, but even those require lead time.   And when you factor in that there are limited staff working to resolve the most immediate matters facing them, you can hopefully better appreciate that new ideas are not ending up in some kind of regulatory black hole. They are being lined up and addressed as efficiently as possible by a regulator facing multiple competing priorities, be it the latest merger, casino opening, enforcement matter or other emerging issue in what is a rapidly and ever-evolving industry. Does the new idea have problem gambling ramifications, is the technology allowed under the law, what added controls or reporting are justified by the proposal, how could the idea be improved for the jurisdiction?  What is amazing about this phenomenon is that the product idea has clearly been percolating in board rooms and development for months. The regulator it seems can be the last to know. And, once brought into the loop, the regulator can then be characterized as holding things up and being the key impediment to going live. Why is the regulator an afterthought?  Susan Hensel was named one of the ten most influential women in gaming by iGB in 2020.  She is the Director of licensing for the Pennsylvania Gaming Control Board and is former two-term president of the International Association of Gaming Regulators. Susan, who is an attorney, has spoken around the world on gaming law and regulation. All opinions expressed are hers alone. The point is, gaining authorization to introduce a new product – no matter its merits – usually cannot occur overnight. Despite this, the regulator is sometimes called upon for product approval with little notice and often with an appeal that the “something” is needed right away because the World Cup or NCAA March Madness tournament or The Grand National is about to start. All of this could occur simultaneous with product production. Such up-front communication could be beneficial to the entity’s pipeline prioritizations as it understands what may move the quickest while at the same time these conversations could lead to stronger professional relationships with the regulator.   In addition, the proposed idea may require testing. Testing in most jurisdictions is accomplished either in-house by the regulator, through an independent test lab, or through a hybrid of the two.  There is again a feedback loop as the testing entity analyzes if what is being proposed meets the jurisdiction’s requirements. Why? It is not that the regulator is purposely moving slowly or is uninterested in seeing a product launched. It is that the regulator must go through its statutory and regulatory required processes and those processes can take time, particularly if what the industry is working to introduce is a matter of first impression.   It is no secret that regulatory bodies are working with finite resources that can be challenged to keep up with industry demands.  This is true in most gaming jurisdictions and is especially true for those undergoing gaming expansion. The reality makes communication between the regulator and the regulated even more important.   Determinations that must be made can be basic or complex. For instance, in Pennsylvania, it matters whether a new online game meets the definition of a slot or table game because the tax levied on each is substantially different. If the manufacturer is arguing a game should be classified as a lesser taxed table game when it appears to the regulator it is a more highly taxed slot game, time must be invested for the issue to be resolved. To the extent possible, it is in businesses’ best interest to ensure that when it comes to dealing with the regulator, there are no surprises.    Susan Hensel Subscribe to the iGaming newsletter 19th April 2021 | By Susan Hensellast_img read more

first_imgIn this webinar, Sportradar’s Dalraj Bahia and Blaz Zitnik will explain WHY creating an immersive betting experience can set you apart from competitors, HOW to structure marketing and customer activities throughout the tournament and WHICH products have been underestimated so far. Topics: Sports betting Sportsbook This webinar is part of the ICE 365 European Sports Betting series. Find out more about the series here. The importance of new betting options, including player markets, rapid markets and custom betThe increasing value of engagement tools for an operatorCreating 24/7 engagement opportunities with the Euro Cup Virtual FootballCustomer targeting utilising programmatic video advertising AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sportsbook The session will cover: This webinar is sponsored by Sportradar Subscribe to the iGaming newsletter Having been delayed by 12 months due to the pandemic, the European Championships will finally get underway on Friday 11 June with Turkey vs. Italy in Rome.The return of international tournament football will be a major boost for sportsbook operators looking to harness heightened levels of fan excitement in order to enhance engagement and create revenue-driving opportunities across 51 matches this summer. Email Address European Football Championships: Maximising the opportunity for sportsbook operators 20th May 2021 | By Louella Hugheslast_img read more