ComeOn secures sportsbook and casino licences in Denmark

first_img Email Address ComeOn secures sportsbook and casino licences in Denmark Regions: Europe Nordics Denmark 16th July 2019 | By contenteditor Tags: Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Legal & compliance Sports betting Casino & games Subscribe to the iGaming newsletter Cherry AB subsidiary ComeOn has been awarded new licences permitting it to offer its sportsbook and casino products in the regulated Danish market.Issued by the Danish Gambling Authority, the licence will run for a period of five years – the maximum length for a gaming permit in the country.ComeOn already holds gaming licenses in Sweden, Malta, the UK and the German state of Schleswig-Holstein, as well as a sports betting licence in Poland.“We are thrilled to be able to offer the Danish players our products and services,” ComeOn chief executive Lahcene Merzoug said. “We have been preparing for this for quite some time and we have some really interesting things coming up.”ComeOn operates a wide range of online gambling brands such as CherryCasino, EuroSlots, GetLucky and MobileBet, but has not yet disclosed which will be launched for Danish customers.Last week, ComeOn rolled out its Galaksino brand in the regulated Finnish market. Galaksino is ComeOn’s second Finnish Pay N Play brand after the launch of Nopeampi earlier this year. Cherry AB subsidiary ComeOn has been awarded new licences permitting it to offer its sportsbook and casino products in the regulated Danish market.last_img read more

El Dorado Infinity Reels by ReelPlay

first_img26th November 2019 | By Aaron Noy Casino & games El Dorado Infinity Reels by ReelPlay ReelPlay are proud to present a brand new mechanic in online slots where each spin provides the chance to add an additional reel, re-spin and multiplier. A slot game inspired by a land of almost unlimited opportunity where each spin provides a chance for a new reel to be added. Each additional reel brings players closer to the Jackpot prize. The bonus feature introduces a layer of strategy where the player may choose from 3 options: Store, Gamble or Play. Increased feature levels award players with multiplier increases of +2, +3 or +4 per new reel added! El Dorado Infinity Reels is classic ReelPlay innovation.If you want to write a review of this game, you can download all the assets from First Look Games here! Topics: Casino & games Slots AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter ReelPlay are proud to present a brand new mechanic in online slots where each spin provides the chance to add an additional reel, re-spin and multiplier. A slot game inspired by a land of almost unlimited opportunity where each spin provides a chance for a new reel to be added.  Subscribe to the iGaming newsletter Email Addresslast_img read more

Covid-19 enforced land-based closures harm Inspired revenue

first_img31st March 2020 | By contenteditor Inspired Entertainment has implemented a range of actions to maintain financial flexibility and preserve liquidity after revealing that the closure of clients’ retail facilities due to novel coronavirus (Covid-19) has affected its revenue streams.Since the middle of March, when the coronavirus had spread more widely across regions worldwide, Inspired has drawn down around $24.9m (£20.2m/€22.7m) on its revolving credit facility to provide additional near-term liquidity and also cancelled or delayed material capital expenditures.Inspired also implemented furloughs across its business, reduced work hours and lowered compensation. Inspired said that these actions, along with other measures, are set to reduce its future cash payroll expense by around 70% to less than $2.0m per month.In addition, the Inspired board has approved plans to indefinitely delay payment of executive bonuses for the year ended December 31, 2019, as well as waive cash payments of board retainers that were due to be disbursed during the second quarter of 2019. Inspired said that these measures would help support its overall aim of achieving a breakeven monthly EBITDA level by May 2020 or soon after.“We have taken these decisive actions, which we believe are appropriate for our current level of business, as we prepare our company to withstand a potentially prolonged period of impaired revenue, including the loss of much of our retail revenue,” Inspired’s executive chairman Lorne Weil said.“At this point, we have limited visibility as to when our customers’ land-based locations may reopen. We believe our actions are appropriate steps to preserve our liquidity given the current environment.“That said, we continue to undertake aggressive efforts to reduce our operating expenses on an interim basis and expect to report further as these steps are implemented.”Despite the impact of coronavirus on its land-based activities, Weil said that as Inspired’s virtual sports and gaming businesses have a significant presence in markets not as badly impacted by coronavirus, this would help soften the blow.“We have been fortunate that each of our virtual sports and gaming businesses have had a substantial and growing presence in online/interactive, providing us an important cushion against the current cessation in our land-based business,” Weil said.“Our customers have reported to us that they are experiencing significant demand from consumers in the US, Europe and Australasia to bring virtual sports onto their respective systems as rapidly as possible, given the lack of live sports content for wagering.”This area of the business looks set for further growth after Inspired agreed a deal to launch its V-Play Basketball and NFLA Legends Football virtual sports games with online gambling operator bet365.Under the agreement, bet365 will run two dedicated V-Play Basketball streams; one based on US basketball and the other focusing on European events, with a new game every two minutes.Bet365 will also become the first operator to feature the NFLA Legends Football, a new game developed in partnership with NFL Alumni, the official organisation of former NFL American football league players, coaches and staff.V-Play NFLA Legends Football features 11 teams of alumni legends from some of the biggest teams going head-to-head in a single game format over a period of 90 seconds. Bet365 said: “We haven’t seen any virtual sports quite like V-Play Basketball and V-Play NFLA Legends Football.  They are great products, both visually and in the betting opportunities they offer the players. “We are very excited to be launching these products and we have no doubt they will be successful additions to our current virtual sports offerings.”The virtual sports and esports markets have seen significant activity in recent weeks due to the shut-down of many major sports events around the world as a result of the coronavirus.Last week, EveryMatrix enhanced its OddsMatrix service to help customers move into the esports betting sector, while the Formula 1 motor-racing series launched a new esports competition in place of the races that have been postponed due to coronavirus. Topics: Casino & games Sports betting Tech & innovation Video gaming Subscribe to the iGaming newsletter Inspired Entertainment has implemented a range of actions to maintain financial flexibility and preserve liquidity after revealing that the closure of clients’ retail facilities due to novel coronavirus (Covid-19) has affected its revenue streams. Casino & gamescenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Video Gaming Covid-19 enforced land-based closures harm Inspired revenue Email Addresslast_img read more

Rush Street Interactive names Sauers as new finance chief

first_imgRead the full story on iGB North America. Tags: Rush Street Interactive Rush Street Gaming “RSI’s leadership in online casino and innovation in sports betting present a unique opportunity,” Sauers said. “I look forward to working closely with the RSI team to drive growth, efficiency and value for all stakeholders.” Based in Chicago, Michigan and reporting to RSI’s chief executive Greg Carlin, Sauers will be responsible for all financial and treasury functions, as well as investor relations. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sauers joins RSI from logistics and supply chain management services provider Echo Global Logistics, where he served as CFO for more than seven years. Rush Street Interactive (RSI), the betting and igaming arm of the land-based operator, has appointed Kyle Sauers as its new chief financial officer, with effect from 23 October. 12th October 2020 | By Robin Harrison Subscribe to the iGaming newslettercenter_img Rush Street Interactive names Sauers as new finance chief Topics: Casino & games People Online casino People moves CEO Carlin added: “Kyle’s proven track record as a public company CFO and extensive experience growing technology businesses make him a great addition to RSI’s management team as we continue to rapidly scale our business.” People moves Regions: US Prior to this, Sauers was general manager of the security and inspection products division at Varian Medical Systems, and also had a spell as CFO at both Bio-Imaging Research and Sphere Communications. Email Addresslast_img read more

NY betting grows in first full month after lockdown

first_imgFinance October was the first full month of operations for New York’s four commercial casinos since they were forced to temporarily close in mid-March due to Covid-19 measures. The casinos reopened on 9 September after certain restrictions were eased. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The del Lago Resort and Casino in Waterloo and its DraftKings sportsbook was second with $771,299 in revenue, an increase of 34.8% on October 2019, while Resorts World Catskills came in third with $470,076, down 7.2% year-on-year. Gross gaming revenue from sports betting in October amounted to $2.6m, which was up from $2.2m in the same month last year and also 85.7% higher than $1.4m in September this year. Regions: New York Rush Street’s Rivers Casino and Resort in Schenectady retained top spot in the New York market with $1.1m in revenue, up 10.0% on last year and 76.4% more than in September. 13th November 2020 | By Robert Fletchercenter_img Subscribe to the iGaming newsletter NY betting grows in first full month after lockdown Sports betting revenue from New York’s commercial casinos increased 18.8% year-on-year in October, while the state Gaming Commission also reported significant month-on-month growth/ Read the full story on iGB North America. Topics: Finance Sports betting Email Addresslast_img read more

FDJ renews support for women’s handball and basketball leagues

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter In relation to this, FDJ also extended its partnership with the Women’s Handball League (LFH), organiser of the country’s top tier female competition. FDJ will also support FFHandball with its efforts to encourage participation among female players. FDJ renews support for women’s handball and basketball leagues French gaming giant La Française des Jeux (FDJ) has renewed its partnerships with France’s national basketball and handball federations, to support the development of women’s sport in the country. 13th January 2021 | By Robert Fletcher Sponsorship Subscribe to the iGaming newsletter Email Address FDJ will continue to work with the French Basketball Federation (FFBB) and the French Handball Federation (FFHandball) for the next four seasons. The FFBB partnership will again focus on women in sport, to increase participation, and the infrastructure supporting the women’s game. center_img The deals build on FDJ’s ‘Sport pour Elles’ initiative that launched in 2016. This looks to make sports available to all women; increase female leadership of governing bodies; fund top-level athletes and expand media coverage. The operator will also benefit from branding on surfaces at race starting lines, finish lines and during the broadcast of French cycling cup events. Topics: Marketing & affiliates Sponsorship FDJ will remain as title partner for the French cycling cup, as well as an official partner of the country’s road cycling championships. Tags: La Française des Jeux In related news the operator has extended its long-term partnership with the country’s National Cycling League (LNC). It will continue work with the national organisation for a further two years. Regions: Western Europe France FDJ said the renewals showed its continued support for the sports, after both were impacted by the novel coronavirus (Covid-19) pandemic in 2020. The new deals will focus on supporting women’s sport in particular, with the FFHandball agreement to see FDJ branding appear on the back of French national team players’ shorts for the next four seasons.last_img read more

CT Governor includes betting and igaming in 2022 budget

first_img Tags: Ned Lamont “And I am submitting legislation which reflects what I believe to be the best bet in ending this stalemate of inaction in a way which is in the best interest for the entire state.” The new agreements would come into force as soon as they were approved by the Secretary of the US Department of the Interior. Lamont estimates they could generate $47.3m in new state revenue by the states’ 2023 fiscal year, beginning 1 July 2023.  The tribes hold exclusive rights to operate gaming in Connecticut, with the Mashantucket Pequot operating Foxwoods Resort Casino, and the Mohegan Tribe running Mohegan Sun.  CT Governor includes betting and igaming in 2022 budget Lamont’s proposal would give him the power to negotiate amendments to the compact with the Mashantucket Pequot Tribe of Indians, signed in January 1993, and the agreement with the Mohegan Tribe, agreed in May 1994.  In a pre-recorded budget address Lamont explained that neighbouring states were moving ahead with sports betting and igaming. Read the full story on iGB North America. Email Address This expanded agreement would cover the operating of sports wagering, esports betting and daily fantasy contests, as well as online casino gaming and online keno. These would be available both on and off tribal lands. center_img “[Connecticut] should not leave these opportunities for other states to benefit from our inaction,” he said. “My administration has been in active negotiations with our tribal partners to bring the state’s gaming economy into the digital age.  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: US Connecticut Topics: Casino & games Legal & compliance Lottery Sports betting Casino regulation Online casino Regulation Online lottery DFS Online sports betting Retail sports betting Sports betting regulation Connecticut Governor Ned Lamont has proposed a measure in his 2022-23 budget that would give him the power to amend or agree new tribal gaming compacts, and legalize online betting and gaming. 11th February 2021 | By Robin Harrison Subscribe to the iGaming newsletter Regulationlast_img read more

Gamesys partners BTG to launch Megaways Casino in UK

first_imgMegaways Casino is the latest addition to the Gamesys UK branded portfolio, following the launch of Rainbow Riches Casino in November 2019 and Monopoly Casino in the UK in 2016. The Megaways Casino site hosts a range of BTG’s ‘Megaways’ games, as well as Gamesys’ selection of exclusive games, such as Tiki Totems Megaways. Subscribe to the iGaming newsletter 23rd February 2021 | By Robert Fletcher “Megaways is one of the most popular game mechanics out there, so it’s great to be able to work with BTG to exclusively develop and launch Megaways Casino in the UK – and bring a great range of titles together under one roof,” Gamesys marketing director Simon Mizzi said. Gamesys partners BTG to launch Megaways Casino in UK Online casino BTG chief executive Nik Robinson added: “We’re delighted to extend our partnership with Gamesys and work together to create Megaways Casino. I think the players will really enjoy exploring the games, features and mechanics at Megaways Casino – which reflect what has made Megaways such a great success.” Regions: UK & Ireland Online gambling operator Gamesys Group has linked up with game developer Big Time Gaming (BTG) to launch a new Megaways-branded online casino in the UK. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Online casino Megaways Casino also features a range of daily free games, while players will have access to bonus offers, regular promotions and ‘Mega promotions’. Tags: Big Time Gaming Gamesys Group Megaways Casino Email Addresslast_img read more

Playtech launches Casinò Lugano online brand in Switzerland

first_imgResults published in March showed that Playtech revenue was down 25.1% at €1.08bn (£924.8m/$1.29bn) in 2020. Industry giant Playtech has formed a new partnership with Swiss operator Casinò Lugano SA to launch its products through the casino’s online Swiss4Win.ch brand. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Online casino Product & technology “The continued growth and development of Switzerland’s online casino market in the last few years makes it an exciting growth area for our Casino and Live Casino offering,” said Shimon Akad, chief operating officer at Playtech. “Playtech’s industry-leading software and expertise will help deliver a sustainable and innovative online Casino experience to our customers as we enter the online market for the first time.”    The casino was granted an igaming licence for Switzerland in April 2020, after the country started isusing licences in 2019. “Live Casino is a key product vertical for Playtech, and we look forward to working with Casinò Lugano to deliver our data driven, omni-channel IMS platform which can help drive the growth of the country’s emerging online market.” 31st March 2021 | By Conor Mulheir Gianmaria Frapolli, chief executive and board member at Casinò Lugano SA, added: “We are excited to partner with Playtech and bring the success of Casinò Lugano into the online market.”center_img The multi-year deal sees Casinò Lugano become the first operator in the combined Italian-Swiss region to go live online with Playtech’s information management system, casino and live casino content. Subscribe to the iGaming newsletter Retail closures caused by the novel coronavirus (Covid-19) pandemic had a negative impact on both the supplier’s B2B and B2C operations. Regions: Switzerland Playtech launches Casinò Lugano online brand in Switzerland Online casino Tags: Playtech Casino Lugano Email Addresslast_img read more

The crypto-boom and sports betting integrity

first_imgCan data be the answer? Sports integrity The crypto-boom and sports betting integrity Number of indentity-verified Cryptoasset users, 2016- Q3 2020 Cryptocurrency has rapidly taken off in recent years, both in sports betting and beyond. The International Betting Integrity Association’s (IBIA) Jack Byrne (pictured) discusses what this might mean for sporting integrity and whether there may be a solution to match-fixing concerns. Jack Byrne has over ten years of experience in the sports betting industry, joining the International Betting Integrity Association in early 2021. As IBIA’s Integrity Analyst, Byrne is responsible for analysing irregular betting activity reported to the association by their membership, made-up of sports betting operators in the regulated betting market, as well as identifying trends and assessing future risk to sport of betting related fraud. This method, which has to financially benefit so many parties, has been enabled by the ability for large quantities of money to be staked on known outcomes with multiple bookmakers in regulated and unregulated markets and the way in which new technologies have facilitated cheap, fast communication and money transfers. Added anonymity AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter This growth in demand, and speculation of future demand, pushed the often-volatile price of Bitcoin to a high in excess of $60,000 in April 2021, with the total Bitcoin in circulation worth above $1000 billion in the same month, an increase of over 200% from early 2020. New start-ups have seized on this popularity, and in sports betting the demand from customers for funding accounts through cryptocurrency has led to the rise of a parallel industry, with over 120 operators, operating outside of the licensed markets of Europe or the US, offering a bitcoin payment solution and over 25 operators offering a crypto-only ‘end-to-end’ service. The growth of this crypto-sportsbook market has the potential to impact the scope of sport and betting related fraud. Although large match-fixing networks may continue in a form similar to that outlined, it is likely a different method has developed and will continue to become increasingly prevalent alongside it, operating on a smaller scale, thanks to the new-found opportunity for the athlete, or official, to bet easily and directly on their own events with little to no risk of their identity being linked to the bets placed. Technological innovation through the last two decades has revolutionised an age-old industry, and as the scope of what to bet on, how to bet, who to bet with, and the way to make financial transactions has changed, the manipulation of sporting events has also evolved. Although this is a responsible action, in order to know the customer for their own consumer protection as well as for anti-money laundering purposes, it highlights the conundrum facing the regulated industry. Will there be a demand to use cryptocurrencies in a sports betting market that has KYC requirements if the popularity of cryptocurrencies and the demand for them, and for their use in sports betting, is related to the system being relatively anonymous? 15th June 2021 | By Daniel O’Boyle Regions: Asia Europe US Indeed, while crypto-usership was once seemingly limited to coding enthusiasts and speculating students, it is now exploding as tech savvy Millennials are being joined by Generation Z to push the number of cryptocurrency users beyond an estimated 100 million globally. Having a layered network has been a requirement, as to insulate the different parties from detection. Most obviously, it has been necessary for an organisation to ensure that the bettors and the player cannot be linked, and indeed for the player not to have to bet on their own match, something easy to detect, particularly for bookmakers in the regulated sports betting industry with effective KYC and risk management processes in place, as well as processes to report any concerning activity to the relevant regulator and sporting body. The anonymity that the bettor has when betting at a crypto-sportsbook, where there are no identity requirements to open an account and no straight-forward link to the owner of the cryptocurrency wallet used to fund it, allows for a change in match-fixing methodology. Tags: International Betting Integrity Association Jack Byrne Indeed, if crypto-bettors remain outside of the regulated market the opportunity for a new, largely player-led, method of match-fixing poses plentiful questions for an infrastructure that has been developed to detect and tackle integrity issues in sport. And while these questions may be difficult to answer, solutions are likely to be found in the regulation of the supply of data to crypto-sportsbooks. While the anonymity provided to the bettor can be regarded as similar to that of an agent system of betting, associated with the unregulated Asian sports betting market, the crypto-sportsbook market can act as a more accessible alternative to that market, offering not only anonymity but also the ease of direct, instant bet placement with an online operator rather than using an agent or online broker, often having to use a messaging service in order to place bets and provide personal details. Indeed, while the crypto-sportsbook and unregulated Asian market are regarded as separate here, the adoption of cryptocurrencies as a payment solution by online brokers ahead of the regulated markets would increase the potential for betting-related fraud further due to the added layer of anonymity. The growth in cryptocurrency usage, and the corresponding demand for crypto-only-sportsbooks, therefore, presents a challenge to the regulated sports betting sector, with the incorporating of a crypto-payment solution perhaps regarded as necessary to retain and attract crypto-enthusiastic customers. Indeed, some regulators are in the process of building a framework for how operators can integrate cryptocurrency payments into their product with early indications that there will be the understandable, and seemingly unavoidable, need for the customer to register their identity and link it to their crypto-wallet, albeit perhaps through a third-party provider or crypto-token mechanism. And, although sportsbooks in the unregulated Asian market generally accept higher stake wagers than elsewhere, as usage increases and recreational betting grows in the crypto-sportsbook market, the ability to place large wagers will also likely increase as crypto-sportsbooks increase the limits on stake sizes to accommodate genuine high-rolling bettors and provide a more attractive product than their competitors. Market capitalisation of Bitcoin, 2013-May 2021 Data suppliers enable the cryptocurrency bookmakers to offer betting markets, akin to those of regulated operators, in an unregulated and opaque space, and perhaps limitations need to be placed on whom such data can be supplied to, in order that the methods in place for detecting match-fixing remain relevant. Advancements in data gathering and real-time data transmission have been the catalyst for improving the offering to customers in recent years, with a broader range of markets and events available to bet on. And while this enhanced offering has improved the customer experience, it has also created a new opportunity for those small number of people intent on manipulating sporting events for profit. Over a decade on from the inception of Bitcoin in 2009, cryptocurrencies are emerging from their infancy, becoming an increasingly used method for the buying and selling of products, from coffees to cars to yachts, as well as being able to fund recreational activities such as sports betting. Innovation in sports betting… and in sports manipulation Topics: Social responsibility Tech & innovation Sports integrity Payments While an athlete, official, or group of either, may be responsible for the success of any sporting manipulation, the assumed method of modern-fixing places them in a networked organisation of individuals with various responsibilities, including fixers, bettors, money launderers, agents and club officials as well as a boss. 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