24 Aug

Japan’s IR Bill could be squeezed by recovery efforts

first_imgCasino & games Topics: Casino & games Legal & compliance Japan’s IR Bill could be squeezed by recovery efforts 10th July 2018 | By contenteditor Mudslides could divert Diet’s attention before July 22 casino deadline Regions: Asia Japancenter_img Japan’s law-makers are in a race against time to approve the country’s long-awaited Integrated Resorts (IR) Bill after tragic mudslides in the west of the country led to disaster response efforts being pushed to the top of the agenda ahead of the closure of the Diet’s session on July 22.More than 100 people are thought to have died as a result of the flooding at the weekend.On Friday, Japan took a significant step towards adopting the IR Implementation Bill by voting into law a basic bill on tackling gambling addiction.The latest bill was considered to be the final hurdle before the final debate over the IR Bill, with hopes that Japan’s upper house will sign off the legislation before the extended Diet session concludes in 12 days’ time.However, analysts have told iGamingBusiness.com that the disaster over the weekend had introduced a degree of risk for the passage of the bill. The analysts still believe there is the appetite to press ahead with the bill before the deadline, though.The legislation would open up the country to regulated casinos, with three resorts lined up to be built initially, according to reports in the country. The progress of legislation has been stop-start over the past five years, with the resorts initially planned to be built in time for the 2020 Olympic Games in Tokyo.If the bill is passed before the summer recess, most observers expect the first casino licences to be issued in 2020, with the first casinos, as part of the integrated resorts, set to be operational about five years later.The gambling addiction bill was passed by a vote of 183 to 46, with cross-party support. However, 11 supplementary resolutions were added to the bill, including requirements for operators and local administrators to counter problem gambling. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Email Addresslast_img read more

24 Aug

Global Gaming hands Fagerlund CEO role on permanent basis

first_img Topics: People Strategy People Global Gaming hands Fagerlund CEO role on permanent basis Regions: Europe Nordics Sweden 2nd July 2019 | By contenteditor Ninja Casino operator Global Gaming has appointed Tobias Fagerlund as its president and chief executive with immediate effect.Fagerlund has been serving as acting CEO since April following the departure of Joacim Möller and will now take on the role on a permanent basis.Fagerlund will continue to serve on the Global Gaming board as CEO, having first been appointed a director in 2016. He has previously held a number of executive positions in the industry, serving as CEO of suppliers such as Enteraction, iGame and betting exchange operator SpiffX.The appointment comes at a challenging time for Global Gaming, which last month had its Swedish licence revoked by national regulator Spelinspektionen after discovering “serious deficiencies” in its business practices, including failings related to responsible gambling and anti-money laundering measures.Global Gaming, which is appealing the ruling, has since had a request to suspend the revocation turned down by a Swedish Administrative Court.However, despite this decision, Fagerlund said he remains confident that the operator is compliant with Swedish law and he will continue to push for the decision to be reversed so that it can restart activities in the country.“I would have naturally preferred to be appointed under different circumstances, but I have no reservations in accepting it,” Fagerlund said. “I have a great deal of faith in Global Gaming and stand by what I have said in recent weeks: the regulator’s decision to revoke our licences is incorrect and disproportionate.“We are confident that we are compliant with the requirements of the Swedish legislation, and I have faith in the judicial process and look forward to its outcome,” he continued. “We will do everything in our power to restore as much confidence as possible in us, in order to be able to offer our brands to our customers in Sweden again soon.”Image: Raw Pixel AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Ninja Casino operator Global Gaming has appointed Tobias Fagerlund as its president and chief executive with immediate effect. Email Address Tags: Online Gamblinglast_img read more

24 Aug

Bragg looks to offload GiveMeSport to focus on Oryx Gaming

first_img Toronto-listed gaming operator and supplier Bragg Gaming has launched a strategic review of its online media division, comprising its GiveMeSport and GiveMeBet assets, with a view to selling off the unit to focus on B2B operations.Since Breaking Data acquired GiveMeSport (GMS) to form Bragg Gaming, a number of key improvements had been made to the media portal’s platform, user base and content strategy.Bragg said it believed the time was right for a review of the division, with Sequence Advisors appointed to pursue potential sales opportunities, claiming to have already received expressions of interest from a number of groups.In the first half of Bragg’s financial year, to 30 June, GMS reached 232 million unique Facebook users. Video views on the social network were up 186% year-on-year, with video interactions increasing 294% for the same period.In June, Bragg added, GMS reached 160 million users, compared to 29 million in January this year, with the launch of GiveMeSport Women, providing in-depth coverage of women’s sports, further strengthening its growth prospects. The sale plans have seen GMS counted as a discontinued operation in the supplier’s financial results for the period.GMS saw revenue plummet for the six months to 30 June, falling from CAD$6.8m in the prior year to $2.2m. After revenue-related costs of $920,607, the business posted a gross profit of $1.3m.However this was wiped out by expenses of $3.6m, resulting in the division posting a net loss after tax of $2.2m.The sale of the GMS assets would allow Bragg to focus fully on B2B activities, having entered the space through the acquisition of igaming content aggregator Oryx Gaming, agreed in August 2018.For the six months to 30 June, Oryx launched 22 new operators, with a further 24 to be on board in the coming months.“ORYX had another strong quarter,” Bragg chief executive Dominic Mansour said. “In addition to the record number of operators integrated in the first half, we signed agreements with Red Tiger, Stakelogic, Betsson, and Casumo whose extensive portfolio of games are now fully integrated into the ORYX Hub platform.”“We continue to engage with highly innovative and best-of-breed partners to supplement our broad content base and further improve our user-experience.”Oryx was also able to diversify its geographic base, helping mitigate risk and reduce the concentration of clients in certain markets. This saw revenue from clients with German operations increase by 30% in H1. While the supplier noted the federal State Treaty on Gambling may put this new revenue at risk, it added that Schleswig-Holstein licensed operators could benefit from the shutdown of online casino in other states.Revenue from all remaining operators was up by 87% on the prior year.This helped the supplier’s revenue grow to CAD$18.0m for the six-month period, a 49% year-on-year increase. Cost of revenue for the period amounted to $9.7m, leaving a gross profit of $8.3m. Expenses for the six months increased to $15.2m, however, largely as a result of a $5.5m charge related to the change in value of the contingent consideration owed to Oryx’s former owners.This resulted in Bragg posting an operating loss of $7.3m for H1. After financing charges and income tax expenses, plus the loss $2.2m loss from the GMS division, net loss for the half stood at $9.6m.For the quarter ended 30 June, Bragg reported revenue of $8.8m. After revenue-related costs of $5.0m, gross profit for the period amounted to $3.8m. Expenses of $10.0m, plus sales and marketing costs of $157,218 saw the business post an operating loss of $6.4m.Bragg’s net loss for the quarter came in at $7.6m once finance-related costs, income tax and the GMS loss were factored in.“I am very pleased with Bragg’s progress this quarter,” Mansour said. “During the six months since Bragg’s inception, we have acted on several strategic initiatives that have helped us transform into a global gaming company. This quarter, we focused on investing in the business in order to expand our footprint and accelerate future growth.” Looking at current trading, Mansour added: “Performance since the end of June has been ahead of our expectations, with monthly operator GGR on the casino aggregator platform 6% ahead of the three-month daily average, despite the typical slowdown during the summer months.” Tags: Mobile Online Gambling Slot Machines Toronto-listed gaming operator and supplier Bragg Gaming has launched a strategic review of its online media division, comprising its GiveMeSport and GiveMeBet assets, with a view to selling off the unit to focus on B2B operations. Bragg looks to offload GiveMeSport to focus on Oryx Gaming 27th August 2019 | By contenteditor Regions: Europe Central and Eastern Europe Germany Topics: Casino & games Finance Slots Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Email Addresslast_img read more

24 Aug

Gambling.com Group wins approval to launch in Indiana

first_img Subscribe to the iGaming newsletter Legal & compliance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 19th December 2019 | By contenteditor Gambling.com Group wins approval to launch in Indiana Email Addresscenter_img Regions: US Indiana Topics: Legal & compliance Marketing & affiliates Sports betting Gambling.com Group has announced that its KAX Media America US subsidiary has secured approval from the Indiana Gaming Commission to begin offering its performance marketing services to licensed operators in the state. Gambling.com Group has announced that its KAX Media America US subsidiary has secured approval from the Indiana Gaming Commission to begin offering its performance marketing services to licensed operators in the state.Indiana opened its legal sports betting market on September 1 and KAX Media will now be permitted to work with licensed operators active in the state to support them with marketing.Operators are able to run retail, online and mobile sports betting services in the state.“Indiana got it right by offering mobile sports betting and the state represents a significant opportunity for sites like Bookies.com to connect sports fans with high quality sports betting content like top daily picks,” Gambling.com chief executive Charles Gillespie said.Read the full story on iGB North America.Image: Andreas Faesslerlast_img read more

24 Aug

William Hill seals Michigan market access with tribal partner

first_img Tags: Online Gambling William Hill is to expand its reach into Michigan after it agreed a new long-term partnership with the federally recognized tribal gaming operator, the Grand Traverse Band of Ottawa and Chippewa Indians (GTB). AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 24th February 2020 | By contenteditor Regions: US Michigan William Hill is to expand its reach into Michigan after it agreed a new long-term partnership with the federally recognized tribal gaming operator, the Grand Traverse Band of Ottawa and Chippewa Indians (GTB).Under the deal, William Hill will serve as the exclusive provider of online sports betting and casino gaming throughout Michigan for GTB. The tribe operates the Leelanau Sands Casino & Lodge, Turtle Creek Casino & Hotel, and Grand Traverse Resort and Spa in the state.The agreement also sets out plans to open a new retail William Hill sportsbook at the Turtle Creek Casino & Hotel this year. Subject to regulatory approval, the facility will be located in the Onyx Sports Bar, with a satellite location at Leelanau Sands Casino.William Hill said it will launch both its online casino gaming and sports betting services when permitted under Michigan regulations.Read the full story on iGB North America. Subscribe to the iGaming newsletter Topics: Casino & games Sports betting William Hill seals Michigan market access with tribal partner Casino & games Email Addresslast_img read more

24 Aug

Solar Temple by Playson

first_img Playson is proud to welcome players in the mystical atmosphere of the ancient temple with charmed Aztec Queen in the new slot “Solar Temple”.This slot has 5 reels, 4 rows and 20 pay lines.There is a Flaming Frames feature with a progressive multiplier in the main game: Sun symbols ignite cells and every new Sun symbol multiples winning if lands in the ignited cell.Every 10th spin all flamed cells transform into Wild symbols. Free Spins mode, which could be triggered by landing of 3 Scatter symbols, will bring sticky Wild symbols.You can download the First Look Games affiliate pack and write a review of this slot here! Casino & games Solar Temple by Playson 23rd March 2020 | By Aaron Noy Email Address Topics: Casino & games Slots Playson is proud to welcome players in the mystical atmosphere of the ancient temple with charmed Aztec Queen in the new slot “Solar Temple”. Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

24 Aug

Veikkaus warns customers of pirated Google Play app

first_img Tags: Mobile Topics: Tech & innovation Veikkaus warns customers of pirated Google Play app Finnish gambling monopoly Veikkaus has issued a warning to players about an app in the Google Play Store that mimics its own mobile app but does not have any links with its services.Veikkaus did not directly identify the app, but did state that it “externally” looks like its own mobile platform, as it uses the Veikkaus name and company logo.The monopoly stressed that it has nothing to do with this app, describing the unrelated product as being “misleading” to consumers.Veikkaus added that it has taken immediate steps to remove the app from the Google Play Store.At present, Veikkaus is almost entirely focused on its online and mobile services, as its gambling venues and slot machines remain out of action due to the novel coronavirus (Covid-19) pandemic.Last week, Veikkaus admitted it is yet to make a decision about the reopening of its facilities, with all its arcades having been closed and retail slots offline since 13 March.This shutdown due to last until 31 March, but was later extended to an indefinite period of closure. Finland has lifted some Covid-19 restrictions, with groups of up to 50 people permitted to meet, while restaurants have reopened and sports competitions have returned.Veikkaus also halted raffle draws, but these started up again on 1 June after a month of suspension. Tech & innovation Email Address Finnish gambling monopoly Veikkaus has issued a warning to players about an app in the Google Play Store that mimics its own mobile app but does not have any links with its services. 11th June 2020 | By contenteditor Regions: Europe Nordics Finland Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

24 Aug

Sportnco appoints new chief information officer

first_img France-based sportsbook supplier Sportnco, the B2B subsidiary of operator France Pari, today (15 September) announced the appointment of Benjamin Böhle-Roitelet as its new chief information officer. “My goal is for Sportnco to develop the most agile offer ever offered in the online sports betting market to enable its new and existing B2B customers to grow and expand.” France-based sportsbook supplier Sportnco, the B2B subsidiary of operator France Pari, today (15 September) announced the appointment of Benjamin Böhle-Roitelet as its new chief information officer. People moves The company recently signed new partners in the US and Colombia, which will be launching in the near future in addition to the group’s existing activities in France, Belgium, Spain and Portugal. “This will take the company to a new level in what is already a highly technological sector.” Böhle-Roitelet joins from contactless technology specialist Unitag, where he was the business’s chief digital officer. He has also held past roles managing technical projects with groups such as Cap Gemini Ernst & Young and chief executive of AI companies such as Ekito and Relief. Regions: France 15th September 2020 | By Aaron Noy Topics: People People moves Sportnco’s founder and chief executive, Hervé Schlosser, added that: “The arrival of Benjamin Böhle-Roitelet as CIO is extremely positive and we are delighted about it. Benjamin is an additional asset for our company and will enable us to provide an even stronger level of service to our current and future B2B customers. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sportnco said it hopes his appointment will help to continue and amplify the growth it has experienced in recent years, as well as managing potential acquisitions of technology companies which could further bolster its position in the market. Sportnco appoints new chief information officer Böhle-Roitelet commented: “I am very happy to be joining Sportnco and continue this great adventure which has seen the company grow considerably since launching in 2010. Email Address Subscribe to the iGaming newsletterlast_img read more

24 Aug

Zeus: Thunder Reels by Playson

first_img Topics: Casino & games Slots Subscribe to the iGaming newsletter Zeus: Thunder Reels by Playson You can play a demo of this slot here! Go live date (expected):To be announcedNumber of Paylines:20Number of reels:5RTP% (recorded/theoretical):95.42%Variance/volatility:Medium to highNumber of symbols to trigger feature/bonus?3Can feature be retriggered?YesNumber of free spins awarded?15Stacked or expanding wilds in normal play?YesStacked or expanding wilds in feature play?YesAuto-play function?Yes Companies: Playson 23rd November 2020 | By Aaron Noycenter_img “Thunder is good, thunder is impressive; but it is lightning that does the work,” wrote Mark Twain, who might as well have been describing Playson’s latest slot This Ancient Greek-themed game features a lightning bonus symbol that triggers the wild reel feature; temple scatter symbols, three of which trigger 15 free spins; and a stacked Zeus symbol as the highest paying symbol. Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Slotslast_img read more

24 Aug

Swedish government launches illegal gambling inquiry

first_img“We have a responsibility to protect vulnerable consumers from illegal gambling, but also to protect the [licensed companies] in the gambling market from unfair competition,” Shekarabi said. “Increased efforts are needed to exclude illegal gambling from the Swedish gambling market.  Sweden’s Minster for Social Security Ardalan Shekarabi has launched a new inquiry that will explore ways to strengthen efforts to stamp out illegal gambling and match-fixing in the market. “We are now also intensifying the work against match-fixing and organised crime,” he added. The inquiry has therefore been welcomed by operator association Branschföreningen för Onlinespel (BOS), a frequent critic of the government’s gambling policy.  Regulation Swedish government launches illegal gambling inquiry Gunnar Larsson, director general of the Swedish Chamber of Commerce, has been tasked with leading the inquiry, which aims to identify obstacles to effective enforcement against offshore operators, and to propose solutions to improve controls.  Its work will be informed by the country’s gambling regulator Spelinspektionen’s experience, namely difficulties with securing payment blocks to the offshore sites. The inquiry will also assess efforts taken by the authorities to date.  Tags: Spelinspektionen Ardalan Shekarabi As a result Larsson must also look at new ways for the Swedish authorities to step up anti match-fixing efforts, and assess current efforts by both Spelinspektionen and the regulator’s Match-Fixing Council. Topics: Legal & compliance Legal Licensing Regulation “Meanwhile a growing proportion of the Swedish punters have been abandoning the Swedish licensing market, with online casino as the most extreme example with a leakage out of the system of at least 25%,” Hoffstedt said. “Considering the Government’s goal is that at least 90% of Sweden’s gambling shall stay within the licensing system by January 1 2022, that goal appears very distant.”center_img Regions: Nordics Sweden LeoVegas, for example, set out a range of measures that the Swedish government should take including IP and payment blocking, and implementing a licensing framework for B2B suppliers.  “This is an initiative from the government that we welcome,” BOS secretary general Gustaf Hoffstedt said. “The first two years of re-regulated gambling market in Sweden has been marked by repressive measures from authorities and the government towards Swedish licensed operators, whereas unlicensed operators have been left untouched.  He said that the government appeared to have understood and accepted that there were flaws in its policy, after having them regularly pointed out by the regulated market over the past two years. Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter It follows numerous calls from licensed Swedish operators for the authorities to focus efforts on tackling illegal gambling, rather than devising new restrictions for the regulated market.  In a consultation on proposals to extend controls for online casino, such as a SEK5,000 deposit cap, until June 2021, it was a key theme brought up by operators. Subscribe to the iGaming newsletter 30th November 2020 | By Robin Harrisonlast_img read more