Global Daily Fantasy Sports lands Microgame approval

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Global Daily Fantasy Sports lands Microgame approval 19th June 2018 | By contenteditor Subscribe to the iGaming newsletter Global Daily Fantasy Sports has received final certification to launch its services with Italian operator Microgame. In February, the two companies signed a two-year exclusive deal for Microgame to deliver Global’s daily fantasy sports product to all of its licensed operators in Italy. Following integration and testing work, Global and Microgame have now secured approval from Italian gaming regulator Agenzia delle Dogane e dei Monopoli to proceed with this arrangement. Microgame joins Global’s previously announced network partners. “Strategically this is an important relationship for us; Microgame is a top tier B2B provider in the Italian market and brings with it additional new partners to our Italian network,” Global’s chief executive Darcy Krogh said. “This will assist us greatly in growing the network. “In addition the Microgame team has vast experience marketing in a networked environment which will benefit all our network partners.” Marco Castaldo, general manager of Microgame, added: “We are really excited to make DFS available to the operators in our network.  “With our market-leading liquidity, we intend to work with our customers and with our partners to deliver the tremendous potential of this game for Italian players.”Related article: Global Daily Fantasy Sports names Scott as director DFS Topics: Legal & compliance Sports betting Tech & innovation DFS Tags: Fantasy Sports Online Gambling Regions: Europe Southern Europe Italy Global Daily Fantasy Sports has received final certification to launch its services with Italian operator Microgame Email Addresslast_img read more

GAN hails NJ sports betting impact as client revenue grows

first_img Regions: US AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling 20th November 2018 | By contenteditor GAN hails NJ sports betting impact as client revenue grows Finance Topics: Finance Sports betting iGaming technology provider aims to build on growth in customer revenue and player spend with Pennsylvania launch GAN saw its share price climb more than 5% on Tuesday morning after the company announced strong growth in client revenue in the second and third quarters of its 2018 financial year.While the supplier has not provided in-depth figures on its performance since releasing its half-year report for the six months ended June 30th, it has released a number of key performance indicators to update the market on its performance in the second and third quarter.This includes gross operator revenue, which the supplier says reflects the strength of its clients’ performance. For Q2, gross operator revenue climbed 32% year-on-year to $24m, then jumped 40% to $26.7m in Q3. The third quarter results were boosted by the launch of its sports betting partner FanDuel in the New Jersey market, as well as the roll-out of online and simulated gaming for Atlantic City’s newly-opened Ocean Resort Casino.Reflecting on the results, CEO Dermot Smurfit (pictured) said: “GAN traded at record levels during these past two quarters with significant growth in Q3 driven by the launch of our second New Jersey client of regulated gaming accelerated by the first month of US internet sports betting in September.”The company’s strong momentum was further demonstrated by 8.6% quarter-on-quarter growth in active player days in Q3, to more than 3.4 million, while average revenue per daily active user grew 2.5% sequentially to $7.85 for the same period.GAN did not release revenue or earnings figures for the two quarters. In its H1 figures, published in September, GAN reported an 11% increase in revenue, though also posted a post-tax loss of £2.9m for the six month period.At the time, Smurfit said the company’s potential for growth was dependent on regulatory progress in the US, adding “we will continue to invest in resources to prepare for 2019 and beyond.”GAN now has 14 casino operators as clients of simulated gaming coast-to-coast across the US and internationally. It has two real money clients in New Jersey and 10 in Europe.In July, GAN announced its partnership with Parx Casino, Pennsylvania’s biggest casino venue, had been expanded to launch real-money gaming alongside its simulated gaming product, once the market opens. GAN said that plans to launch iGaming in the state are progressing, but noted that it expects to launch during the first half of 2019.​ Subscribe to the iGaming newsletter Email Addresslast_img read more

SKS365 reshuffles management team following exec departures

first_img SKS365 reshuffles management team following exec departures AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Sports betting Strategy 11th January 2019 | By contenteditor Sports betting SKS365 Group has handed additional responsibilities to a quartet of senior managers following the departure of a trio of executives, including chief executive Ian McLoughlin, earlier this week. Chief marketing officer Francesco Gaziano, chief product and technology officer Jim Parkins, chief people officer Brian Dean and chief commercial officer Troy Cox will now all take on additional responsibilities as the operator recruits replacements for the departed trio. On January 9, it emerged that McLoughlin had stepped down as chief executive in order to pursue other opportunities, with general counsel Angela Gemma and group financial controller Aaron Meli also departing.The sports betting and gaming company did not clarify how the quartet’s roles will change, but described the reshuffle an evolution of the company’s management structure.An SKS365 spokesperson told iGamingBusiness.com that having played a fundamental roles in the business’ “transformational” 2018, the quartet were crucial to the company’s continued success. “SKS365 would like to thank and congratulate all managers for their excellent work,” the spokesperson said. “We are absolutely confident that they will continue to lead the company on the next stage of the transformation journey.“SKS365 will continue to work on delivering the best sports betting and gaming experience for customers and reflecting our corporate values: honesty, integrity, transparency.”Meanwhile, the spokesperson reaffirmed the company’s commitment to working with authorities over the ‘Galassia’ investigation, an ongoing probe by the Italian police into anti-money laundering in the country’s gambling market.The investigation has uncovered how Italian organised crime groups in Calabria, the ‘Ndrangheta, have been using bookmakers for money laundering. Police have previously confirmed that SKS365’s inclusion in the probe relates to previous management at the company, between 2015 and 2017.As we have done in the past, the company confirms the open and transparent relationship with the authorities and will collaborate in the fight against illegal online and retail gaming,” the spokesperson said.SKS365 Malta was founded in Austria in 2009 but is now based in the Italian capital of Rome, with PlanetWin365 established as one of the market-leading iGaming brands in the country’s market. Figures released exclusively to iGamingBusiness.com by Ficom Leisure revealed that the brand is the second-largest in Italy’s combined €1.48bn online and retail betting market, generating 12.1% of this total in 2018.center_img Francesco Gaziano, Jim Parkins, Brian Dean and Troy Cox will all take on additional responsibilities at the sports betting and gaming company after a trio of senior executives, including chief executive Ian McLoughlin, left the Italy-facing operator. Tags: Online Gambling Subscribe to the iGaming newsletter Email Addresslast_img read more

Melco Resorts lands City Football Group partnership

first_imgCasino & games Topics: Casino & games Marketing & affiliates Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Asian gaming giant Melco Resorts and Entertainment has entered a partnership with City Football Group, the holding company that owns English Premier League champion Manchester City.Terms of the deal were not disclosed, but it was confirmed that Melco will now become an official partner of Manchester City in Japan.Melco will now also serve as the community presenting partner of Yokohama F. Marinos, City’s sister club that competes in the Japanese J1 League. Melco will work with the team to stage community programmes and events around the world.“At Melco, we look for shared ambition and 21st century values; in Manchester City and Marinos we have found perfect partners – businesses that excel at entertaining, whilst putting community first,” Melco chairman and chief executive Lawrence Ho said.“Melco’s connections to Japan run deep, so being able to support grassroots community programmes across the country is an exciting opportunity for us all.”Damian Willoughby, senior vice-president of partnerships at City Football Group, added: “Melco and Manchester City share a common approach to have entertainment at the heart of everything we do, providing great experiences for our fans and visitors.“We are also both committed to using football as a force for good and are excited for the launch of Melco’s new community football programme in Japan.”Earlier this year, Melco signed a definitive purchase agreement to acquire a 19.99% stake in Australian gaming operator Crown Resorts in a deal worth approximately AUD$1.76bn (£976m/€1.06bn/US$1.87bn).Image: Mikey 7th August 2019 | By contenteditor Email Address Melco Resorts lands City Football Group partnership Subscribe to the iGaming newsletter Asian gaming giant Melco Resorts and Entertainment has entered a partnership with City Football Group, the holding company that owns English Premier League champion Manchester City.last_img read more

Fat Cat Cafe by RTG Slots

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Fat Cat Café is a 5-reel, 5-row cluster-based game, with Cascading Wins, multipliers and a highest payout award of 3000 times bet. 30th October 2019 | By Aaron Noy Subscribe to the iGaming newsletter Casino & games Fat Cat Café is a 5-reel, 5-row cluster-based game, with Cascading Wins, multipliers and a highest payout award of 3000 times bet.Cats appear anywhere to clear off freshly-baked goodies and trigger Cascading Wins which are accompanied by multipliers which increase up to x6.So have your players sip on a coffee with sweet cute kitties and heavenly delicious delicacies in this adorable coffeehouse for a great time and meow-tastic wins!You can play a demo of this slot here! Topics: Casino & games Slots Fat Cat Cafe by RTG Slots Email Addresslast_img read more

LeoVegas reveals revenue and operating profit growth

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter LeoVegas Gaming Group has reported a year-on-year increase in both revenue and operating profit for the third quarter after experiencing growth across most of its core markets.Group revenue for the three months to 30 September 2019 came in at €88.2m (£76.0m/$97.7m), up 12% from €78.6m in the same period last year. LeoVegas said organic revenue growth in local currencies stood at 13.0% for the quarter, but, if it were to exclude the UK, organic growth would have been 27%.Net gaming revenue climbed 11% year-on-year, with the Nordics responsible for 44% of this. The rest of Europe followed with a 42% share and the rest of the world accounted for the other 14%.In terms of products, classic casino games, including slots, were by far the most popular with customers, accounting for 74% of gross gaming revenue in Q3. Live casino followed in a distant second with 17%, and then sports betting on 9%.Revenue was boosted by a 9% year-on-year rise in deposits for Q3 to €275.5m, with mobile accounting for 75% of total deposits in the quarter, up from 71% last year. New depositing customers fell 4% to 135,019, but returning depositing customers was up 12% to 199,023.Marketing was the main outgoing for LeoVegas in the quarter, with the operator spending €27.7m, slightly down on €28.0m last year. Personnel costs were up marginally from €10.5m to €11.3m, but other operating expenses were down from €10.1m to €8.7m.Keeping control of costs, together with the increase in revenue, meant LeoVegas was able to post an operating profit of €6.0m, up 70.9% from €3.5m last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) also jumped from €9.0m to €12.7m.However, profit before tax slipped by 58.4% from €13.2m to €5.5m, while net profit was down from €12.8m to €5.1m. LeoVegas said net profit for the same period last year was affected by a non-cash remeasurement item of €10.1m.The Stockholm-listed operator’s share price was down around 8% to SEK2.72 – its lowest mark in six months – on Thursday morning.LeoVegas also published results for its performance in the nine months to the end of September, with revenue for the period amounting to €269.0m, which is up 10.7% on €243.3m in the same period last year.EBITDA for the nine-month period was up from €175.8m to €180.1m, but net profit for the three quarters was down from €21.1m to €12.5m, primarily as a result of the non-cash remeasurement item in Q3 of last year.“We continued to show progress during the third quarter in a difficult-to-navigate environment and generated double-digit growth in both sales and operating profit,” LeoVegas president and chief executive, Gustaf Hagman, said.“Greater regulatory complexity in several of our main markets has given rise to certain short-term challenges but is also raising the barriers to succeed in the sector which benefit established companies.“LeoVegas today has a much more even distribution of revenue across several markets and brands where half of our revenue is derived from locally regulated markets, which contributes to greater stability and lower business risk.“Meanwhile, we continue our efforts to execute our strategy of innovation, expansion and profitability.” Topics: Casino & games Finance Sports betting LeoVegas Gaming Group has reported a year-on-year increase in both revenue and operating profit for the third quarter after experiencing growth across most of its core markets. Tags: Mobile Online Gambling 7th November 2019 | By contenteditorcenter_img Casino & games LeoVegas reveals revenue and operating profit growth Subscribe to the iGaming newsletter Email Addresslast_img read more

UK government orders casinos and betting shops to close

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Bingo The UK government has instructed all casinos, betting shops and bingo halls to temporarily shut as part of it latest set of measures to combat the spread of novel coronavirus (Covid-19), while Chancellor Rishi Sunak announced plans to help protect jobs affected by the closures.Prime Minister Boris Johnson announced the measures on 20 March, with casinos, betting shops and bingo halls ordered to close that evening and not open again the following day.Such facilities must remain closed until further notice, with the government to review the situation every 28 days as the global coronavirus pandemic continues.Betting shops, bingo halls and casinos were among a number of facilities ordered to temporarily close as part of the latest measures, with restaurants, cafes, pubs, bars, cinemas, theatres, nightclubs, gyms, leisure centres and museums among the other venues also impacted.The government said the closures are enforceable by law in England and Wales due to the threat to public health, with any business operating in contravention of the Health Protection (Coronavirus, Business Closures) Regulations 2020 will be seen as breaking the law.Environmental Health and Trading Standards officers will monitor compliance with the new regulations, with support from the police.The government also announced a series of measures to financially support any of the affected businesses and their staff. Chancellor Sunak set out details of the Coronavirus Job Retention Scheme, which he said has been designed to help protect people’s jobs affected by the enforced closures.Should a business choose to retain a worker during the period of closure, new government grants will cover 80% of their salary up to a total of £2,500 a month, which is above the median income for the UK. Employers can also choose top up these salaries further if they wish to.“That means workers in any part of the UK can retain their job, even if their employer cannot afford to pay them, and be paid at least 80% of their salary,” Sunak said.“The Coronavirus Job Retention Scheme will cover the cost of wages backdated to March 1st and will be open initially for at least three months – and I will extend the scheme for longer if necessary.“I am placing no limit on the amount of funding available for the scheme. We will pay grants to support as many jobs as necessary. We said we would stand together with the British people – and we meant it.”The new plans complemented a set of measures to protect businesses announced days earlier, which drew criticism from the Betting and Gaming Council (BGC) for excluding gambling businesses.On 18 March, Sunak announced government aid for businesses that may be disproportionately affected by the pandemic, including making all retail, leisure and hospitality businesses exempt from paying business rates for 12 months.The Business Rates Local Authority Guidance, which instructs authorities on who is eligible for relief from business rates, specifically excludes ‘casinos and gambling clubs’ and classifies retail betting shops as financial services rather than leisure, meaning they are also ineligible.However, the BGC was much more upbeat about the new measures regarding government help for wages and protecting jobs, with BGC chief executive Michael Dugher welcoming the move.Dugher said: “Casinos and betting shops together support the majority of employment in the betting and gaming industry – around 64,000 jobs. Without the ability to generate revenue from football and horseracing, which account for 75% of the UK licensed sports betting market, these employment costs were simply unsustainable going forward.“Whilst we are naturally sad to see our doors closed, we hope that this decisive action taken by the government will see the whole country come through this crisis and that our businesses, and those who work for them, will prosper in the future as we continue to work hard to raise standards and bring enjoyment to our millions of customers.”Dugher also said the BGC would continue to press the Chancellor to secure more support for businesses, in regards to the initial measures announced last week.He said: “We will also be pressing the Chancellor to be consistent and do the right thing by people in our industry by giving them the same access to help on business rates that every other leisure business enjoys and who have now similarly been asked to temporarily shutdown.”The virus has had a major effect on the finances of many of the UK’s largest gambling businesses as share prices plummet across the industry while H2 Gambling Capital said it expects global gambling revenues to fall by 11%.Gambling businesses have also been hit by the cancellation of almost all major sports events, which has in turn significantly limited sports betting options for customers. Subscribe to the iGaming newsletter UK government orders casinos and betting shops to close The UK government has instructed all casinos, betting shops and bingo halls to temporarily close as part of it latest set of measures to combat the spread of novel coronavirus (Covid-19). Topics: Casino & games Legal & compliance Bingo Tags: OTB and Betting Shops Regions: UK & Ireland 23rd March 2020 | By contenteditor Email Addresslast_img read more

Swiss sport to return from 8 June

first_img Professional sports in Switzerland will be permitted to resume behind closed doors from 8 June, providing additional betting market options to operators struggling since the shutdown of almost all global sports in mid-March. 29th April 2020 | By Daniel O’Boyle Regions: Europe Central and Eastern Europe Switzerland Subscribe to the iGaming newsletter Swiss sport to return from 8 June Sports bettingcenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Sports betting Professional sports in Switzerland will be permitted to resume behind closed doors from 8 June, providing additional betting market options to operators struggling since the shutdown of almost all global sports in mid-March.The Swiss Super League, the country’s top football league, was suspended on 2 March because of the novel coronavirus (Covid-19) outbreak, initially until 23 March, before the suspension was extended indefinitely.Sports leagues across the world soon followed, leaving very few markets remaining for sports betting.However, the Federal Council announced today that it will allow training to resume on 11 May as the country eases its lockdown measures, before the return of profesional matches without fans in attendance from 8 June.Although shops, restaurants, markets, museums and libraries will be allowed to reopen from May, the Council’s measures do not mention casinos, which look set to stay closed.“The easing of measures is conditional on the businesses and institutions concerned taking suitable precautionary measures,” the Council said.While Switzerland is preparing to resume sporting activity, France’s Prime Minister Édouard Philippe announced earlier today (29 April) that no sporting action would be permitted until September 2020, resulting in the 2019-20 Ligue 1 season being brought to a premature end. The Netherlands’ football league, meanwhile, has declared the season void, meaninig it ends with no winner, promotion or relegation. Belgium was the first country to end the 2019-20 season, declaring Club Burgge as champions. However, this decision could be overturned after clubs postponed a vote to ratify the cancellation, with the vote now set to take place on 4 May. Email Addresslast_img read more

ALT Lightning Talk – Part 1

first_img Subscribe to the iGaming newsletter Tech & innovation Topics: Tech & innovation ALT Lightning Talk – Part 1 2nd July 2020 | By Josephine Watsoncenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address We caught up with Erwin Dickman, marketing manager at Asia Live Tech (ALT), following their recent iGB webinar – The future of live casino.In the first of a two-part video interview series, we learn more about Dickman’s views on the changing landscape for land-based and online gaming, especially following the events of COVID-19. In this part, we discuss:– How a land based casino can start an online platform in a country where there are no clear guidelines on how to integrate both land and online gaming– How slots will shift from land base to online casino– What will be the way forward for live betting businesses during and after COVID-19last_img read more

Loto-Québec closes land-based facilities as Covid cases rise

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Canada Read the full story on iGB North America. Topics: Lottery Canadian provincial gambling operator Loto-Québec is to close a number of its land-based gaming venues with Québec facing a rise in novel coronavirus (Covid-19) cases. Loto-Québec closes land-based facilities as Covid cases rise Subscribe to the iGaming newsletter Lotterycenter_img 30th September 2020 | By Aaron Noy All its other gaming premises, including the Casino de Charlevoix, the Casino du Lac-Leamy, the Casino de Mont-Tremblant, the Salon de jeux de Trois-Rivières, the Hilton Lac-Leamy and the Fairmont Le Manoir Richelieu will remain open. VLTs and Kinzo activities will remain open in other regions, while network bingo will be offered in the evenings only. From midnight October 1, the Casino de Montreal and the Salon de jeux de Quebec will have to close until October 28, however lottery sales are not affected by the new guidelines and will continue across the operator’s retail network. Video lottery machines (VLTs), network bingo and Kinzo in the metropolitan community of Montreal, Chaudière-Appalaches and the Capitale-Nationale region (except Charlevoix and Portneuf) will also remain closed for the period. Email Addresslast_img read more