Month: August 2021

Paddy Power challenges Russia’s LGBT+ policy with WC campaign

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Marketing & affiliates Sports betting Subscribe to the iGaming newsletter 14th June 2018 | By contenteditor Paddy Power has launched a 2018 FIFA World Cup LBGT+ donation campaign in partnership with Attitude magazine, underlining Russia’s discrimination against the community Paddy Power has launched a 2018 FIFA World Cup LBGT+ donation campaign in partnership with Attitude magazine, underlining Russia’s discrimination against the community.The bookmaker has pledged to donate £10,000 in its ‘Rainbow Russians’ initiative with agency Synergy for every goal scored by the Russian team in the tournament.A minimum donation of £50,000 has been promised to the LGBT+ community to help “challenge LGBT+ prejudice on and off the field, support footballers and those in the game in coming out, fund educational programmes in schools and colleges and make grass-roots teams safe spaces for LGBT+ players.”Paddy Power’s spokesman said: “Given they invented Russian Dolls, you’d be forgiven for thinking Russia wouldn’t have an issue with women being into other women.“Likewise, their appreciation for bears is one shared around the world by the LGBT+ population, so it really is astonishing that they have not used their stewardship of this tournament to champion LGBT+ inclusivity.”High-profile campaign supporters include ex-Olympian Caitlyn Jenner, former rugby star Gareth Thomas and referee Nigel Owens, ex-swimmer Mark Foster, England women’s football international Lianne Sanderson, choreographer Louie Spence, and Christopher Biggins.Related article: Paddy Power opens up over World Cup ad Marketing & affiliates Paddy Power challenges Russia’s LGBT+ policy with WC campaign Email Addresslast_img read more

Intralot sees net loss widen in Q3

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter 27th November 2018 | By contenteditor Intralot has reported a 3.5% drop in turnover for the quarter ended September 30, 2018, contributing to the lottery and gaming solutions provider’s loss for the period rising to €7.9m.The company saw Q3 turnover decline by around €9m to €251m, with the decline blamed on revenue from Turkey and Argentina being impacted by foreign exchange rates and Greek operator OPAP reporting lower sales for the period. Quarterly turnover was also hit by the suspension of the company’s sports betting licence in Cyprus, increased competition in the Polish market and a decline in US turnover. This US decline was attributed to unusually high lottery sales in Q3 2017, as a result of a high Powerball jackpot, as well as the cancellation of its lottery contract in South Carolina.As a result, net gaming revenue for the quarter fell 7.2% year-on-year to €125.7m, with the decline partially offset by an increase in payout-related GGR, and a better top-line performance of Intralot’s operations in licensed markets.Cost of sales for the period rose marginally to €205.3m, resulting in a gross profit for the period of €45.7m, down 16.8% year-on-year. Selling expenses declined to €12.1m, while administrative expenses rose to €18.2m.This contributed to a 14.9% drop in earnings before interest, tax, depreciation and amortisation to €34.8m. As a result, the EBITDA to GGR ratio deteriorated to 27.7%, down from 30.2% in the prior year. The company ultimately saw its post-tax loss for the quarter rise 11.3% to €7.9m.For the nine months to September 30th, Intralot saw turnover rise marginally, up 0.5% from the prior year at €798.6m. The business saw a 2.7% increase in turnover from licensed operations to €565.2m and a €79.7m contribution from game management contracts, up 0.1% year-on-year, offset by a 6.7% decline in revenue from technology contracts, which fell to €153.7m.Over the period, the company saw the amount of wagers handled fall 3.2% to €15bn, with all core markets declining, and only African wagers (up 17.6% to €256m) growing during the period.Sports betting was the largest contributor to Intralot’s top-line growth, comprising 57.8% of turnover, followed by lottery games, which generated 30.5% of the total. Technology contracts accounted for 6.2%, with a further 2.8% coming from video lottery terminals, and 2.7% from racing.Cost of sales for the nine months climbed to €636.4m, leaving a gross profit of €162.2m, down 0.7% year-on-year. Increased selling expenses of €43.9m and €55.5m of administrative expenses contributed to earnings before interest and tax falling 8.9% to €66.9m. EBITDA for the three quarter period was down 6.6% at €114.9m.Intralot’s pre-tax operating profit of €46.3m represented a significant improvement on the €25m generated in the first nine months of 2017. However, this was wiped out by taxes of €24.4m and a €32m loss from discontinued operations, resulting in a post-tax loss of €11m for the period.Despite the losses for the year to date, Intralot chief executive Antonios Kerastaris talked up positive developments since the end of Q3 as evidence of the company moving forward.“Intralot has successfully won new projects in the past two months such as Lotto Hamburg and the Croatian Lottery as well as extended its New Mexico contract in the US; in the latter case including approval for a new sports prognostics game, available through the entire retail footprint of the lottery,” he explained.“All these projects will apply new technological solutions developed by Intralot, reflecting the positive prospects created by our significant investments in the last two years.“We are also looking forward to the commencement of our operations in Illinois, a project that has heavily impacted our financials in 9M18,” Kerastaris added. “Such developments confirm our positive outlook after the current transition year according to our business plan.” Lottery and gaming solutions provider also posts €11m negative result for first nine months of 2018 Topics: Financecenter_img Finance Intralot sees net loss widen in Q3 Regions: Europe Email Addresslast_img read more

Dr Fortuno by Yggdrasil

first_img Yggdrasil Launches its Game of the Year! Step right up to Dr Fortuno’s Blackjack table or spinning slot reels in a cross-vertical package that is bursting with winning potential. Dr Fortuno by Yggdrasil 25th March 2019 | By Aaron Noy Casino & games Yggdrasil Launches its Game of the Year!Step right up to Dr Fortuno’s Blackjack table or spinning slot reels in a cross-vertical package that is bursting with winning potential.On the reels, players reap the rewards of Nudging Wilds, and the ‘Wheel of Fortuno’ while at the Blackjack table the Bonus Bets bring marvellous multipliers. It’s no surprise that the €20k prize pool campaign stars this exhilarating pair.Walk this way, it’s all fun and games inside Dr.Fortuno’s world of mayhem.Games launch April 24th. You can learn more about them here! Subscribe to the iGaming newslettercenter_img Topics: Casino & games Slots AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Companies: Yggdrasil Email Addresslast_img read more

MP urges operators to take responsibility over gambling harm

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Legal & compliance Email Address Legal & compliance Regions: UK & Ireland Carolyn Harris MP, chair of the Gambling Related Harm All-Party Parliamentary Group (APPG), has called for online gaming operators to take more responsibility in addressing harms related to gambling and improve their efforts to protect consumers.Harris, along with other members of the APPG, this week met with the Remote Gambling Association to discuss the steps that the industry is taking to combat gambling-related harm.However, Harris has now demanded that operators do more to address the harm being caused to individuals and families as a result of problem gambling.Harris has invited online gambling operators to appear publicly before the APPG to answer questions on the harm they are causing and discuss how they can take action to minimise this harm.  “The industry has to start taking responsibility; this is about people’s lives,” Harris said.The APPG, which also counts MPs Iain Duncan Smith (Conservative) and Ronnie Cowan (Scottish National Party) among its members, is backing plans for licensed operators in the UK to sign up to a code of conduct and take immediate steps to limit harm among consumers.The committee has extended invitations to gaming operators to appear at an oral evidence session scheduled to take place in September.The Gambling Related Harm APPG was formed earlier this year after the existing Fixed Odds Betting Terminals APPG moved to expand its reach in order to focus on tackle wider range issues linked to gambling. The original group successfully campaigned for the maximum stake on FOBTs to be lowered from £100 to £2.This week, the APPG elected Tracey Crouch MP, the former Minister for Sport, Civil Society and Loneliness, as its new vice-chair.Crouch resigned from her Ministerial role in November 2018 in protest over the government’s decision to delay the introduction of new regulations for FOBTs until October this year. The government eventually brought this forward by six months and the regulations came into effect in April. 13th June 2019 | By contenteditor MP urges operators to take responsibility over gambling harm Carolyn Harris MP, chair of the Gambling Related Harm All-Party Parliamentary Group (APPG), has called for online gaming operators to take more responsibility in addressing harms related to gambling and improve their efforts to protect consumers. Subscribe to the iGaming newsletter Tags: Online Gamblinglast_img read more

Max Ent and GGBet target Europe with new esports betting site

first_img Regions: Europe Malta-based Max Entertainment has joined forces with esports betting brand GGBet to launch a new online gambling site focused on the European region. Max Ent and GGBet target Europe with new esports betting site Tags: Online Gambling Esports 30th July 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Topics: Esports Sports betting Tech & innovation Malta-based Max Entertainment has joined forces with esports betting brand GGBet to launch a new online gambling site focused on the European region.GGBet.com will enable consumers across Europe to place bets on esports events around the world, including next month’s CS:GO Majors and DOTA 2 tournament The International.Payments on the site will be processed through SafeCharge, while the customer services team will be based outside of Max Entertainment’s native Malta market.The site will run under Max Entertainment’s Malta licence.“Interest in esports continues to increase each year, and the growth of GGBET is both to be expected and a noteworthy benefit to European enthusiasts looking for a safe, reliable site to use which is one of the pioneering platforms in esports betting,” MaxEnt said.The GGBet global brand launched in August 2016 and offers odds on a total of 14 esports games, including Counter-Strike: Global Offensive, DOTA 2 and NBA2K18. Users also benefit from integrated real-time streaming functionality for certain esports events. Email Addresslast_img read more

AUSTRAC partners GB regulator to fight financial crime

first_img The Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Great Britain Gambling Commission have signed a Memorandum of Understanding (MoU) to allow both agencies to share regulatory and compliance information.Under the agreement, the organisations will share information related to money laundering, terrorism financing, corruption and other serious crimes.AUSTRAC chief executive Nicole Rose said the MoU shows that both agencies are committed to tackling financial crime.“Financial crime is a global issue,” Rose explained, “It is critical we work together with our international partners to tackle this issue”.“The signing of this MoU brings the number of jurisdictions AUSTRAC shares regulatory intelligence with to five. This is in addition to its MoUs with 93 financial intelligence units in the global network – further strengthening AUSTRAC’s international network to track illicit funds across the globe”.AUSTRAC has also signed MoUs with groups in the United States, Canada, New Zealand and China.The news comes the same day as the Gambling Commission announced major regulatory changes for its licence-holders. The commission announced that it would institute a ban on credit cards for online and land-based gambling from 14 April, while all online gambling operators will be required to sign up to the GamStop self-exclusion scheme from 31 March.Last week (10 January), new money laundering rules also came into effect for GB licence-holders. The major changes to the Money Laundering Regulations include regulation 19, whereby all operators must make sure appropriate measures are in place to prevent money laundering when launching new products or business practices.  Topics: Finance Legal & compliance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter AUSTRAC partners GB regulator to fight financial crime Subscribe to the iGaming newsletter Finance The Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Great Britain Gambling Commission have signed a Memorandum of Understanding (MoU) to allow both agencies to share regulatory and compliance information. Tags: Online Gambling Payments Regions: Oceania UK & Ireland Australia Email Address 14th January 2020 | By Daniel O’Boylelast_img read more

BHA sets out provisional programme for racing restart

first_img Regions: UK & Ireland BHA sets out provisional programme for racing restart The British Horseracing Association (BHA) has released a provisional racing schedule ahead of the sport’s planned resumption, with the first action since the novel coronavirus (Covid-19) enforced shut-down to take place over the weekend of 23-24 May. The British Horseracing Association (BHA) has released a provisional racing schedule ahead of the sport’s planned resumption, with the first action since the novel coronavirus (Covid-19) enforced shut-down to take place over the weekend of 23-24 May.Racing has been suspended since 18 March due to the Covid-19 pandemic, but the BHA last month said it hoped to recommence activities in May, subject to government-ordered measures.The BHA and its Flat Pattern Committee have worked with racecourses in recent weeks to establish the best way to return to action when it is deemed safe to do so and has now published a provisional fixture list for racing.According to the BHA, this will prioritise the Classics and other flagship races for horses most likely to provide a “future fundamental role on behalf of the breed”.“Under our best-case scenario planning, and subject to advice from public health authorities, the aim is to rescue a number of lost pattern and listed events from the early part of the spring and stage them during the second half of May and early June if possible,” the BHA added.“Our ambition would be to stage these flat pattern and listed races […] should the timeline and circumstances of recommencement allow. Any other pattern or listed races that had previously been scheduled to take place before the end of May will be abandoned and not rescheduled.”The provisional programme suggests that racing would return over the weekend of 23-24 May, with races listed including Pavilion, Nell Gwyn, Craven, Greenham, Fred Darling, Brigadier Gerard, Conqueror, Pinnacle, Sagaro, Aston Park and ParadiseFor the weekend of 30-31 May, the BHA has proposed Lockinge, Palace House, Yorkshire Cup, Dante, Musidora, Cecil Frail, Spring Trophy and Middleton take place.In addition, for the first weekend of June, the BHA has put forward plans for the 2000 Guineas, 1000 Guineas, Coronation Cup, Pretty Polly, Newmarket and the Bronte Cup all to run.However, the BHA warned that the races may not be staged at their traditional venues and may need to be hosted at alternative racecourses. The BHA also said it is likely that racing will be restricted to British-trained runners only, initially at least until 30 May, in line with similar approaches taken by other international racing jurisdictions.Publication of the proposed programme comes after the BHA was criticised for its decision to extend the suspension of racing, which had been due to expire at the end of April, into May.According to newspaper reports, BHA chairman Annamarie Phelps received a “cache of emails” from trainers unhappy about the BHA’s approach, primarily focusing on the financial impact that the suspension would have on the industry. Some also reportedly called for BHA chief executive Nick Rust to resign over the organisation’s handling of the crisis.Last week, the New Zealand Racing Industry Transition Agency (RITA) set out its transitional calendar for the remainder of the 2019-20 horse racing season, and also announced that greyhound racing will return this week.Harness racing will resume on 29 May, with thoroughbred racing to follow on 3 July. However, the revised calendar will feature racing at a reduced number of tracks to ensure racing is run in line with government measures designed to stop the spread of coronavirus. 4th May 2020 | By contenteditor Tags: Race Track and Racino Topics: Sports betting Strategy Horse racing Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Horse racing Email Addresslast_img read more

Losses widen at Full House Resorts in first half

first_img US casino operator Full House Resorts has put a year-on-year increase in net loss for the first half of 2020 primarily down to the temporary closure of its brick-and-mortar properties due to the novel coronavirus (Covid-19) pandemic. Regions: US Losses widen at Full House Resorts in first half Casino & games Subscribe to the iGaming newsletter Topics: Casino & games Financecenter_img 7th August 2020 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter US casino operator Full House Resorts has put a year-on-year increase in net loss for the first half of 2020 primarily down to the temporary closure of its brick-and-mortar properties due to the novel coronavirus (Covid-19) pandemic.Net revenue in the six months to June 30 totaled $45.4m (£34.7m/€38.4m), a drop of 44.8% from $82.2m in the same period last year.Full House closed its casinos in Mississippi, Indiana, Nevada and Colorado in the middle of March. The first site – Silver Slipper Casino and Hotel in Mississippi – did not reopen until 21 May, while the others followed in the first few weeks of June.This period of closure meant casino income took a significant hit, with revenue from casino operations dropping 44.1% to $31.7m. Food and beverage revenue also fell 48.6% to $9.0m, while hotel revenue was down 53.5% to $2.7m and other revenue – including online sports betting – slipped 4.8% to $2.0m.Read the full story on iGB North America. Email Addresslast_img read more

China lottery sales up 2.0% in August

first_img30th September 2020 | By Aaron Noy Topics: Finance Lottery This growth was driven by Sports Lottery sales, which grew 10.5% to CNY21.53bn, offsetting a 9.3% drop in the Welfare Lottery’s contribution, to CNY13.25bn. Regions: China This represented almost double sports betting sales – the second most popular vertical, despite only being offered via the Sports Lottery – which grew only marginally to CNY10.24bn. China’s Ministry of Finance reported its second consecutive month of year-on-year growth in lottery sales for August, thanks to growth across digital lottery, betting and instant win games. Total sales for the country’s Welfare and Sports Lotteries grew 2.0% year-on-year to CNY34.78bn (£4.32bn/€4.75bn/$5.55bn) in August, but this was still below July’s sales of CNY36.15bn. Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Across both lotteries, digital lotteries were by far the most popular product, with sales rising 16.7% to CNY21.94bn in August. While the market then reported month-on-month improvements, it was not until July that it posted year-on-year increases in sales. Keno also saw sales decline across both lotteries, falling 15.6% year-on-year to CNY12.9m. August’s sales now represent the highest monthly total of a year in which the Chinese lottery market has been significantly disrupted by the novel coronavirus (Covid-19) pandemic, which resulted in sales effectively being wiped out in February. As result revenue for the year to date remains far behind 2019 levels. Total sales for the eight months to 31 August stand at CNY194.83bn, down 30.3% year-on-year. Instant win games, meanwhile, were up 18.2% to CNY2.59bn, thanks to a 22.6% rise in Welfare Lottery instant sales, and a 14.1% rise in the Sports Lottery contribution. This growth was offset by the Welfare Lottery’s video lottery sales collapsing, with no tickets sold during August. Lottery China lottery sales up 2.0% in August Email Addresslast_img read more

Abios announces data partnership with Gambit Esports

first_img Regions: Russia Sweden Given its active rosters across several esports titles, Gambit said it understood that some fans might want to follow specific rosters or games, and therefore partnered with Abios to create a detailed match calendar detailing all of its upcoming matches and tournaments, divided by title. The calendar is powered by Abios’ Rest API, using normalised data from each title. Alongside the calendar, Gambit also uses Abios data and statistics to create content for its Twitter, Instagram and Facebook profiles. Abios announces data partnership with Gambit Esports Email Address Earlier this year, Abios explained to iGaming Business how providing access to fast, reliable and accurate data can revolutionise the esports betting market, as part of the ICE 365 content series. “Our goal is to provide unique content and this partnership should ensure that our fans are more involved with what’s happening with the team,” said Nikita Koroteev, head of media at Gambit Esports. The calendar gives fans results from past matches as well as a clear schedule of upcoming matches, which Gambit said made it easier for fans to follow all the rosters in the team. Tags: Abios The team said it had teamed up with Abios to get the esports data needed to create additional value for engaging its fans on social media. All of this content increases engagement and adds value for fans, the team said. “Our journey together has only begun and we look forward to seeing which other verticals we can explore to create an even better experience for the esports fans and supporters through engaging data-driven content.” Esports Gambit Esports, a Russian professional esports team with several competitive rosters in titles such as Counter Strike: Global Offensive (CS:GO), Valorant, Dota 2 and Apex Legends, has announced a partnership with esports data supplier Abios. 20th May 2021 | By Conor Mulheir Topics: Esports Marketing & affiliates Content marketing Social media marketing “Integration with a great and comfortable API went smoothly due to Abios’ willingness to help.” Jacob Howard, key account manager for Abios, added: ”Abios is happy to support Gambit Esports with anything necessary in their quest to create additional value for their esports fans.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter It said that the granularity of esports data makes for interesting facts that work well on social media, such as information about which player has thrown the most flash grenades during a CS:GO match, or which player has killed the most enemies with a particular weapon in Valorant.last_img read more