AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Operator posts jump in turnover and profit following growth in sports and gaming segments Email Address Topics: Finance Betting and gaming giant bet365 has again reported significant gains in turnover and profit for its financial year ended March 25th, 2018, with the operator highlighting the performance of the sports vertical in particular.Total turnover – for a period that did not coincide with any major sporting events – grew 25% year-on-year to £2.86bn. This was driven primarily by growth in sports and gaming turnover to £2.712bn, up 26% from the prior year, with customers wagering £52.56bn over the period, up 12%.Stoke-based bet365’s co-chief executive Denise Coates said the sports offering had been strengthened by a number of enhancements to its product offering during the year. This included the launch of a bet-builder product and the roll-out of early payout functionality for high-profile sporting events.The operator also expanded the number of live sporting events over the year to around 160,000, with new sports such as eSports added. This helped amounts wagered on sports grow 12% year-on-year, with the number of active customers for the year climbing 4%.In-play betting was by far the most popular form of wagering, accounting for 77% of sports revenue, while revenue from mobile betting grew 29% to consolidate its position as customers’ favoured channel.Gaming also grew, supported by significant investment in bet365’s mobile offering, with the launch of new bet365 Games apps for iPhone and iPad. Over the year a total of 332 games were launched, helping improve player retention and increase active customer numbers.The company made significant investments in advertising during the year, which contributed to a 40% year-on-year increase in direct costs associated with the betting and gaming business to £406.4m.The staff-related costs also rose, with the number of staff employed by the group climbing to 4,030 by the end of the financial year. Coupled with increased pay for “individuals that have been key to the development of the overarching corporate strategy” of the business, total staff costs were up 32% at £646.8m.The operator also made significant investments in its responsible gaming and customer protection controls, with the development of its proprietary Early Risk Detection System (EROS) a key focus. Coates noted that bet365 is also investing in projects with external partners, as well as exploring new technologies such as machine learning and artificial intelligence to develop new ways to identify harmful gambling habits.It also made a £75m donation to the Denise Coates Foundation, the charitable body set up in 2012, which has since donated more than £100m to a range of projects such as improving cancer care in Stoke, supporting Oxfam and relief programmes in countries hit by natural disasters.This saw total costs for the betting and gaming business rise to £1.63bn, with a further £160.3m in administrative expenses incurred from Stoke City Football Club, which wiped out turnover of £138.6m. As a result total administrative expenses for the year grew to £1.79bn.The gaming division posted an operating profit of £682.2m for the year, while the football club reported a £21.9m loss. Total operating profit grew 31% to £660.3m.bet365 saw its annual tax payments increase significantly, rising 78% year-on-year to £78.2m, while the company made a gain of £5.2m from currency conversions. This left the business with a post-tax profit of £587.6m, up 27.8% from its previous financial year.“Looking forward, the sports, gaming and associated support functions will continue to make sure that they are suitably resourced to manage business growth, deliver innovative product development, provide a high quality customer and safe experience, maintain robust processes that ensure compliance with the requirements of multiple regulatory frameworks and maintain their collective position at the forefront of the industry,” Coates said.At the end of its financial year, bet365 had cash in the bank of £1.8bn, up 27% year-on-year.Analysts at Regulus Partners noted: “bet365 has added roughly the equivalent of William Hill’s digital business in one year’s growth and is more than double the size of PPB’s digital business (including Australia) in revenue terms.” 20th November 2018 | By contenteditor bet365 turnover nears £3bn after another successful year Finance Subscribe to the iGaming newsletter
Topics: Casino & games Slots Casino & games 13th December 2018 | By Aaron Noy Few slots are as grabbing attention from the first spin as the excellently performing, vividly-coloured, with great characters Duck of Luck slot of Casino Technology Interactive. With Asian themed symbols for luck and fortune, this is certainly a very entertaining and loved by players game to be played either from a desktop, or via a mobile.What is it about Duck of Luck that catches the eye? Lets start with the basics. It is a 5-reels game with 25 pay lines in operation on every spin. The slot offers very high volatility and the max win is 10,000 x bet per line.Further on, Wild and Scatter symbol “Duck” substitutes for all other symbols in the game, gives scatter wins and triggers free games, which could be restarted. During the free games additional items are collected, which bring additional wins after the end of the mode. To be more specific, 3, 4 or 5 “Ducks” triggers 12 free games. 3, 4 or 5 “Ducks” during the free games only pays wins, and does not give any additional free games. Each “Duck”, which appears on the screen during the free games, lays “Eggs”. The player collects the eggs during the free games and receives various wins. If he collects 26 eggs or more – the win is 600 x Total Bet (or jackpot).Once Duck of Luck by Casino Technology Interactive awards the player, he will never turn its back on it again and the chances are it will become its favourite slot.Play a demo version here! Few slots are as grabbing attention from the first spin as the excellently performing, vividly-coloured, with great characters Duck of Luck slot of Casino Technology Interactive. Subscribe to the iGaming newsletter Email Address Duck of Luck by Casino Technology Interactive AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter
Latvia gambling revenue up more than 15% in Q1 Gambling revenue in Latvia increased 15.3% year-on-year in the first quarter, with national regulator the Lotteries and Gambling Supervisory Inspection (IAUI) reporting growth across all key verticals. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 13th May 2019 | By contenteditor Tags: Card Rooms and Poker Online Gambling Slot Machines Bingo Topics: Casino & games Finance Lottery Sports betting Bingo Poker Slots Email Address Regions: Europe Baltics Latvia Subscribe to the iGaming newsletter Gambling revenue in Latvia increased 15.3% year-on-year in the first quarter, with national regulator the Lotteries and Gambling Supervisory Inspection (IAUI) reporting growth across all key verticals.Revenue for the three months through to March 31, 2019, amounted to €77.5m (£66.9m/$87.2m), compared to €67.2m in the opening quarter of last year.Income from gambling was also up 15.9% from €63.5m to €73.6m, with gaming machines the most popular form of betting in the country. Licenced operators took €56.4m in revenue from gaming machines in Q1, up 12.6% on €50.0m in 2018.Gaming tables, including roulette and blackjack, contributed €3.9m to the total income figure, up 6.4% on €3.7m last year. Bingo income was also up by 44.8% to €73,000, while betting points income jumped 55.2% to €848,000.The IAUI also noted significant growth within the online gambling market, with total income from this sector up 35.4% year-on-year to €12.4m.Casino games were responsible for €8.8m of this income, up 39.2% on last year, while online betting brought in €3.5m for licensees, representing a year-on-year rise of 27.1%. Card tournaments income hit €73,000, up 15.8% on Q1 of 2018.In terms of illegal online gambling activities, the IAUI moved to block 41 domain names in Q1, as well as 68 IP addresses. Since August 1, 2014, a total of 1,156 domain names and 2,459 IP addresses have been blocked as part of ongoing efforts by the IAUI to clamp down on unlicensed gaming.In December, the European Gaming and Betting Association singled out Latvia and the IAUI for some of its initiatives to help protect consumers. These include not allowing players to gamble until they are verified and only permitting adverts inside gambling venues.Image: Max Pixel
Topics: Finance Tags: Online Gambling The newly formed Gamesys Group has said it expects full-year revenue and adjusted earnings to be at the upper end of its expectations, after it was boosted by a strong performance in Q4. Gamesys expects FY results to benefit from strong Q4 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address The newly formed Gamesys Group has said it expects full-year revenue and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) to be at the upper end of its expectations, after it was boosted by a strong performance in Q4.The gambling operator and content developer said in a pre-close trading update that strong growth in overseas markets and progress made by its UK brands in the second half of the year mean 2019 looks set to be a “landmark year”.The operator did not release any financial figures at this stage, but did say that despite having to commit resources to its acquisition of Gamesys – when it was operating as JPJ Group – its operational focus did not waver.JPJ Group completed the £490m (€571.1m/$635.6m) acquisition of a number of assets from Gamesys Group in September, and began trading as Gamesys Group almost immediately after.“2019 was a truly transformative year as the JPJ and Gamesys businesses were reunited, creating a combined Group with strong global brands, complete operational control and ownership of our technology platforms,” Gamesys Group chief executive Lee Fenton said.“As we enter 2020, we remain in a strong position to continue to deliver growth and to create value for shareholders.”The acquisition saw JPJ take ownership of Gamesys’ technology platform and content studios, as well as certain B2C brands such as its New Jersey-licensed Virgin Casino site, operated in partnership with Tropicana. It also gained its UK-facing Virgin Games, Heart Bingo and Monopoly Casino brands.However, Gamesys retained its Virgin-branded sportsbook, the Livescore sports media and data business, its non-bingo games studio, and minority equity investments in a Norwegian games studio and a US sports betting business.JPJ, then Intertain Group, previously acquired the Jackpotjoy brand from Gamesys in 2015. Finance 14th January 2020 | By contenteditor Subscribe to the iGaming newsletter
Email Address 19th May 2020 | By Aaron Noy Right to the Source: Episode 1 Finance Welcome to the first episode of Right to the Source, a brand new podcast from iGB and H2 Gambling Capital. On this week’s episode, Ed Birkin and Simon Holliday discuss the impact of the current covid-19 crisis on the industry and share data-led insight on how things may unfold over the coming weeks and months.Podcast: Play in new window | Download AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Subscribe to the iGaming newsletter
Topics: Legal & compliance Marketing & affiliates Sports betting Legal & compliance Betsson fined for Swedish retail sales and Mastercard launch AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Betsson has been hit with an SEK20m fine by the Swedish Gaming Inspectorate (Spelinspektionen) for allowing customers to fund their online accounts through retail vouchers, while a branded Mastercard was ruled to offer illegal bonuses for players. Betsson has been hit with an SEK20m (£1.7m/€1.9m/$2.2m) fine by the Swedish Gaming Inspectorate (Spelinspektionen) for allowing customers to fund their online accounts through retail vouchers, while a branded Mastercard was ruled to offer illegal bonuses for players.Each product was launched in the country’s regulated igaming market in March 2019. In the case of the retail vouchers, the operator announced a partnership with convenience store chains Pressbyrån and 7-Eleven, to sell vouchers that could be used to fund igaming accounts.The Mastercard partnership, meanwhile, saw players offered a limited edition credit card that was directly linked with a customer’s Betsson account. Players could use this to fund their account from anywhere in the world, and would receive special offers such as tickets to major sporting events, among other benefits for cardholders.Spelinspektionen then launched an investigation into the operator in November 2019, as neither Pressbyrån nor 7-Eleven were licensed as to act as gaming product retailers. Betsson argued that the vouchers had been launched in partnership with Convenience Card, a company specialising in gift and prepaid cards, and not directly with either retailer.It claimed that as no gaming products were sold in the stores, the retailers did not act as gaming sales agents. Furthermore, it continued, the vouchers were only intended as a marketing tool, with the total value of vouchers bought coming to SEK250,597. However, it has since ended the partnership and discontinued voucher sales.Spelinspektionen rejected this argument, saying that it considered the sale of the vouchers to constitute the sale of online gaming products. This, it said was down to the fact that the vouchers could only be used to fund a player’s Betsson account, and therefore amounted to a violation of Chapter 11, Section 2 of the Gaming Act. Pressbyrån and 7-Eleven therefore act as unlicensed sales agents for gambling products, it concluded.Regarding the Betsson Mastercard, the operator said it was designed to build the operator’s brand by offering faster payouts to players, and pointed out that the provider was licensed by Sweden’s financial regulator Finansinspektionen.It denied that the card would be used to provide features or incentives that constituted a bonus to players. Betsson had in fact made the card ineligible for use with some promotions due to uncertainty over the regulator’s interpretation of bonus rules, the operator added.Spelinspektionen ruled that potential benefits of the card, such as tickets to sporting events, have an economic value and constitute a discount or financial incentive. Therefore it constituted a breach of Chapter 14, Section 9 of the Act, as it constituted repeat bonus offers. The Gaming Act limits operators to offering players a single bonus upon sign-up.The regulator concluded that due to the nature of the violations, and the length of time for which they occurred, an SEK20m penalty was justified.In related news, Spelinspektionen has fined Bethard SEK400,000 for offering bets on football matches featuring a majority of players aged 18 and under. The operator was originally fined SEK2.5m in July 2019, one of eight penalties imposed on licensees for a range of similar offences, and prompted the operator to appeal.In April this year Sweden’s Administrative Court (Förvaltningsrätten) heard 11 appeals, upholding seven, dismissing three and cancelling the penalty issued to Bethard. The Förvaltningsrätten ruled, however, that Bethard should be fined, and left it up to Spelinspektionen to determine the amount. The regulator ultimately decided that a SEK400,000 fee, alongside a warning, was an appropriate punishment. Email Address Subscribe to the iGaming newsletter Regions: Europe Nordics Sweden 10th June 2020 | By contenteditor Tags: Mobile Online Gambling
18th November 2020 | By contenteditor Sports integrity Furthermore, where any data integrity issues are identified, that all parties in that data supply chain and any other relevant integrity stakeholders must be informed immediately, an investigation process conducted, and the results and remedial measures shared with those parties. The data supplier is also expected to exchange information and engage in any related integrity investigations. The security and integrity of that data has correspondingly taken on increased significance and IBIA announced its intention to develop a set of minimum data collation standards in May, and which acknowledged a general lack of formal regulation and licensing in aspects of the data supply chain. Following discussions with stakeholders, IBIA has now set out those data collation standards. The integrity reporting section is of particular interest for IBIA and its members and, as it states, upholding and protecting the reliability and credibility of sporting data is of paramount importance for us. That section promotes that a detailed risk assessment should be conducted on any sporting events and competitions on which data is collated, with ongoing monitoring and review. With such data principally generating in-play sports betting markets, and with in-play growth now accounting for more than half of online sports betting activity, its importance is readily apparent. The provision and use of sporting event data has therefore become an increasingly important aspect of the regulated betting market, driven by global consumer demand for product choice and access. Subscribe to the iGaming newsletter Topics: Social responsibility Sports betting Sports integrity Accurate, reliable and transparent sporting event data is imperative for betting operators and ensuring that the data supply chain is robust and secure has become a central issue for the responsible regulated operators that IBIA represents. Those operators cover many of the largest regulated operators in the world and account for a significant share of the global sports betting market. With regard to the latter, the document encourages data suppliers and their betting operator clients to interact by putting in place contractual provisions, regarding the source, accuracy and reliability of any data. This may include issues such as: how that data has been generated e.g. a person at the venue or TV pictures; and the speed, latency and process for transmission of that data. Tags: International Betting Integrity Association AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter IBIA believes that data standards are an effective means of achieving an approach which best serves to protect the integrity of sport, its data, betting markets generated by that data and consumers enjoying those products. No data approach is immune from potential corruption, but measures can and should be taken to guard against illicit activity and effective controls can minimise any risks. The International Betting Integrity Association (IBIA) sets out its reasons for developing and promoting minimum standards for the collation and sale of sporting event data to regulated betting operators.By Khalid Ali, chief executive, IBIA In a global environment where sporting event data is an increasingly critical process for the creation of betting markets, but which unlike betting remains predominately unregulated, prevention is better than cure. The data supply chain involves many reputable companies and there may be some within that circle that believe that their own internal protocols will serve to address any sporting event data integrity concerns. The case for sports betting data standards IBIA and its members do not take that view. Whilst we are not saying that there is a persistent integrity issue in the data supply chain, there have been examples of clear failings which have had an adverse financial impact on responsible sports betting operators. The feedback that we have received to date has been overwhelmingly positive. Many recognise that the danger to the integrity of sporting event data persists and coordinated action is an effective countermeasure. Ultimately, our core aim is to benefit all concerned in the data supply chain. The document, which is available on IBIA’s website, is focused on three key areas: personnel vetting and training; the data collation process; and data integrity and reporting. Within these sections are a range of requirements seen as important working practices in the collation of data, such as ensuring that data collectors are well-trained, avoiding potential conflicts of interest and maintaining the security of event data. Email Address The association hopes that data providers and those sports selling the rights to their data will therefore see the benefit of utilising a set of robust universal standards. The alternative, already raised in some circles, involves regulating the collation of data. This may come to pass in time; for now, however, there appears significant value for all concerned in the supply chain to demonstrate that suitable market protection measures are in place and independently audited and verified as IBIA proposes.
Tags: Wynn Resorts International Finance Wynn to raise $630.6m through new share sale 9th February 2021 | By Daniel O’Boyle The expected proceeds of $630.6m are based on a public offering price of $116.99 per share, Wynn’s closing share price at the end of trading on the Nasdaq exchange on Friday (February 5), and also takes into account underwriting discounts and offering expenses. Wynn said the funds raised will be used for “general corporate purposes”, which may include capital expenditures, acquisitions, investment in the business’s subsidiaries and repayments of debt. If the additional 825,000 shares are also purchased, Wynn could raise as much as $725.2m. Read the full story on iGB North America Email Address Topics: Casino & games Finance Land-based casino Regions: US Wynn Resorts expects to raise around $630.6m as it launches an underwritten public offering of 5.5m shares of its common stock, with an option to purchase a further 825,000 shares. Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter
AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Subscribe to the iGaming newsletter Officially licensed from the Professional Darts Corporation (PDC), the latest branded game from Blueprint features the world’s top 10 Order of Merit players including ‘Snakebite’ Peter Wright, ‘Mighty Mike’ Michael van Gerwen and newly-crowned world champion, ‘The Iceman’ Gerwyn Price. During the base game, a minimum of three dart board scatter symbols awards the Free Games feature, and five symbols triggers the maximum 180 spins. Step up to the oche and hit the bullseye for big wins in Blueprint Gaming’s new blockbuster release, PDC World Darts Championship. Slots Game type:SlotGo-live date (expected):25/02/2021Game special features:Order of Merit – Any three player symbols on a payline from left to right plays a prize, regardless of symbolFree spins – During free spins and Dart scatter symbols that land in view award a throw at the board where a total bet multiplier is won based on the value thrown, all the way up to treble 20Number of paylines:10Number of reels:5RTP% (recorded/theoretical):95.55%Variance/volatility:MediumNumber of symbols to trigger feature/bonus?Minimum 3Can feature be retriggered?Free spins can be retriggeredNumber of free spins awarded?Up to 180Stacked or expanding wilds in normal play?Stacked symbolsStacked or expanding wilds in feature play?Stacked symbolsNumber of jackpot tiers?NoneAuto-play function?Yes 23rd February 2021 | By Aaron Noy PDC World Darts Championship by Blueprint Gaming Topics: Casino & games Slots
Topics: Social responsibility Problem gambling Responsible gambling Email Address Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Emotional support charity Samaritans has included steps to prevent suicide in its first best practice guidance for the gambling industry. Recommendations include having a dedicated suicide prevention policy to safeguard customers and staff, advice on how to use harm prevention to aid marketing communications, how to interpret data to help prevent suicide and how to communicate sensitively with customers in need. Regions: UK & Ireland Social responsibility Samaritans offers suicide prevention guidelines for gambling businesses Tags: Samaritans “We’re proud to publish these industry guidelines and look forward to seeing all gambling businesses engage with them in a proactive effort to do more to prevent gambling-related suicide.” 27th April 2021 | By Nosa Omoigui Research was conducted through consultations with relevant stakeholders, people with personal experience, and other health professionals within the gambling industry. Samaritans’ head of policy Mubeen Bhutta said: “Suicide is preventable and we know different industries need to address specific challenges in order to have effective suicide prevention practices in place. With a clear association between gambling and suicide, identifying the changes needed in the gambling environment to prevent suicide is a vital part of our work.