iGB Live! webinar: The business case for responsible gambling

first_img13th June 2018 | By Louella Hughes It is essential to recognise the importance of responsible gambling, and not just for ethical reasons. Join Iain Corby (deputy chief executive, Gamble Aware) and Adam Lamentowicz (CEO, Totolotek) as they present the business case for responsible gambling, and more specifically, discuss why and how to create:• A compliant business • A sustainable, profitable business • An ethical business.This webinar precedes the iGB Live! HQ – Counsel session: ‘Operators are mastering responsible gambling, they deserve more credit for it’ which is taking place at iGB Live! on Wednesday 18th July 2018 at 16:00 – 17:00. In this session, we will debate whether operators’ efforts to encourage responsible gambling are genuine or just a smoke screen masking the drive to higher profits and investor satisfaction. Find out more here. Uncategorized iGB Live! webinar: The business case for responsible gambling Topics: Uncategorizedcenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Email Addresslast_img read more

Tian Di Yuan Su by RTG Asia

first_img Email Address Subscribe to the iGaming newsletter Casino & games 27th June 2018 | By Aaron Noy AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tian Di Yuan Su by RTG Asiacenter_img Topics: Casino & games Slots Companies: RTG Asia Let the Sun and Moon balance the five elements of nature: ‘Fire, Water, Earth, Wood and Metal’, as you start your journey through the temples and begin to realize the vast riches that have accumulated You can win up to 33 Free games with a x15 multiplier when Scattered Spirit of the Moons trigger the bonus feature. Reach the highest peak. Embrace the elements and become … God of The Elements! Let the Sun and Moon balance the five elements of nature: ‘Fire, Water, Earth, Wood and Metal’, as you start your journey through the temples and begin to realize the vast riches that have accumulated You can win up to 33 Free games with a x15 multiplier when Scattered Spirit of the Moons trigger the bonus feature. Reach the highest peak. Embrace the elements and become … God of The Elements!last_img read more

US Representatives move to defund Wire Act enforcement

first_img Tags: Mobile Online Gambling OTB and Betting Shops Race Track and Racino Topics: Casino & games Legal & compliance Lottery Sports betting Horse racing Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Subscribe to the iGaming newsletter An amendment to a federal bill that determines funding granted to the Department of Justice seeks to block the money from being used to enforce its revised stance on the 1961 Wire Act.  Regions: US US Representatives move to defund Wire Act enforcement 19th June 2019 | By contenteditor An amendment to a federal bill that determines funding granted to the Department of Justice seeks to block the money from being used to enforce its revised stance on the 1961 Wire Act. HR3055, the Commerce, Justice, Science, Agriculture, Rural Development, Food and Drug Administration, Interior, Environment, Military Construction, Veterans Affairs, Transportation, and Housing and Urban Development Appropriations Act, 2020, sets out federal funding for a variety of government departments and initiatives. Among the departments which will have its funding for 2020 established by the bill is the Department of Justice. However, should the amendment be accepted, the Department will not be able to use the money to enforce the Office of Legal Counsel’s stance that the Wire Act applies to all forms of gambling, and not just sports betting.Read the full story on iGB North America.last_img read more

Illinois launches sports betting licensing process

first_img The Illinois Gaming Board has issued emergency rules to kick off the first phase of the state’s sports betting licensing process. The emergency rules issued by the Gaming Board make master sports wagering, management service provider, supplier, official league data supplier, management service provider and occupational licences available. They set out the eligibility criteria for each, and confirm the fee for master licences will be 5% of handle for the 2018 calendar year, at a minimum of $2.3m, and capped at $10m. Racetracks that apply for this licence will pay whichever is greater of $5m or 5% of 2018 handle, also capped at $10m. While an online betting licence is to be capped at $20m, this is not included in the emergency rules. They also set out the licensing process, and allow the regulator to issue temporary operating permits in “situations that do not compromise gaming integrity or public safety and that can be granted in an ethical and expeditious manner”.“Today’s release of applications and phase 1 rules is a significant step in the process the General Assembly and Governor Pritzker began earlier this year – the ethical and transparent implementation of sports wagering in Illinois,” Illinois Gaming Board administrator Marcus Fruchter said.Read the full story on iGB North America. 20th December 2019 | By contenteditor Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: US Illinois Tags: Mobile Online Gambling OTB and Betting Shops Race Track and Racino Topics: Casino & games Legal & compliance Sports betting Horse racing The Illinois Gaming Board has issued emergency rules to kick off the first phase of the state’s sports betting licensing process.  Casino & games Illinois launches sports betting licensing process Email Addresslast_img read more

Impairment expenses push CDI to loss in Q1

first_img Email Address Churchill Downs Incorporated (CDI) has posted a net loss of $23.4m (£18.7m/€21.5m) for the first quarter, primarily due to write-downs of business assets.Net revenue in the three months to March 31, 2020, amounted to $252.9m, down 4.7% year-on-year from $265.4m in the corresponding period in 2019.CDI saw the biggest drop within its gaming business, with revenue down 12.4% to $149.1m, as the operator was hit by the closure of its gaming properties as a result of the novel coronavirus (Covid-19) outbreak.However, in contrast, online wagering revenue was up 6.8% to $67.7m, mainly due to a $3.7m increase in revenue from its TwinSpires business. The TwinSpires handle climbed 8.3% year-on-year and active players jumped 11.6%, despite the impact of coronavirus in the latter part of the quarter.Online sports betting and igaming net revenues also climbed $600,000, with CDI putting this down to a full quarter of igaming results in Pennsylvania and New Jersey. That said, sports betting revenue was impacted by the suspension of all major US and international sporting events due to Covid-19.Elsewhere, CDI’s Churchill Downs business saw revenue climb 11.2% to $23.8m, boosted by a $2.9m increase from Derby City Gaming’s continued growth prior to the temporary closure of the facility. However, the temporary suspension of simulcasting operations at Churchill Downs knocked $500,000 off the total.Read the full story on iGB North America. Impairment expenses push CDI to loss in Q1 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Churchill Downs Incorporated (CDI) has posted a net loss of $23.4m for the first quarter, primarily due to write-downs of business assets. Topics: Casino & games Finance Sports bettingcenter_img Casino & games Regions: US Subscribe to the iGaming newsletter 30th April 2020 | By contenteditorlast_img read more

GC launches investigation into Mansion Group brands

first_img Subscribe to the iGaming newsletter 1st June 2020 | By Daniel O’Boyle The Great Britain Gambling Commission has launched an investigation into M88 and Mansion Europe, while Premier League club AFC Bournemouth has terminated its sponsorship deal with the former.A Commission spokesperson said that while the operating licences held for each brand had not been revoked, it was investigating “various aspects” of each business’ “model and operations”.Mansion Europe held a  remote betting and casino licence, under which it operated the Mansion Bet brand, as well as Casino.com and Slots Heaven.Meanwhile, Asia-facing subsidiary M88 was previously traded in the UK under a seperate remote betting and casino licence held by Vivaro Entertainment, who also operate the Vbet brand, as well as one held by ProgressPlay, who operate brands including Lottozone and Betsteve. Both of these sites are currently inactive.AFC Bournemouth announced on Friday (29 May) that its sponsorship with M88 would come to an end. The operator was the club’s main shirt sponsor since the start of the 2017/18 season.“AFC Bournemouth would like to thank M88 for its support over the past three years,” the club said.Another club which held a commercial deal with Mansion Bet, rather than M88, said this deal would continue.The Premier League is set to return to action on 17 June after a suspension since mid-March to limit the spread of the novel coronavirus (Covid-19). Casino & games Email Address Regions: Asia UK & Ireland The Great Britain Gambling Commission has launched an investigation into M88 and Mansion Europe, while Premier League club AFC Bournemouth has terminated its sponsorship deal with the former. GC launches investigation into Mansion Group brands Tags: Mobile Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Legal & compliance Marketing & affiliates Sports bettinglast_img read more

Oregon Lottery sees betting handle and revenue rise in May

first_imgSports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 9th June 2020 | By contenteditor Tags: Mobile Online Gambling Oregon Lottery sees betting handle and revenue rise in May The Oregon Lottery’s SBTech-powered Scoreboard sportsbook app has begun its recovery from the sporting shutdown caused by novel coronavirus (Covid-19), with revenue and handle both rising in May. Topics: Sports betting The Oregon Lottery’s SBTech-powered Scoreboard sportsbook app has begun its recovery from the sporting shutdown caused by novel coronavirus (Covid-19), with revenue and handle both rising in May.Turnover for the Scoreboard app rose 64.5% month-on-month to $7.3m (£5.8m/€6.5m), aided by strong consumer interest in table tennis and mixed martial arts (MMA).Table tennis, which has risen to the fore amid the suspension of other popular sports due to the pandemic, accounted for $3.8m of stakes, with customers placing 76,822 bets on the sport.MMA, meanwhile, saw stakes grow strongly from April, rising from just $14,850 to $1.0m in May.The return of soccer leagues such as South Korea’s K-League and Germany’s Bundesliga during the month helped amounts wagered rise to $977,485, making it the third most popular sport within Scoreboard.In total, 223,325 bets were placed via the app, up from 139,627, with 7,763 players active as of 31 May. The average stake across all sports and markets was $32.64, up 2.9% from the prior month.Read the full story on iGB North America. Regions: US Oregon Subscribe to the iGaming newsletter Email Addresslast_img read more

Venture capital fundraising for gaming companies in the age of Covid-19

first_imgGiven the restrictions on travel, restaurants and entertainment, and social distancing in general, this important piece of due diligence has now become relatively hard to do. In our current circumstance, we are using tools such as shared online workspaces and countless hours of video conferencing, as well as thoroughly reviewing people’s digital footprints to get to know them. Finance Email Address While Covid-19 has had a significant impact on every aspect of life, it will not stop economic initiatives, and specifically not stop progress in the gaming industry. People still have business ideas and businesses still have a need to survive, grow and thrive. Managing restrictions Investing in people Tags: Covid-19 We have invested in both of these businesses at an unprecedented time. In addition, because we are still in the very early days of a United States sports betting ‘boom’, there is further evidence that the effects of the pandemic are not having a serious impact on investment opportunities for the time being. Many companies, such as OneComply as mentioned above, are still starting up, partnering, merging, acquiring and generally expanding or beginning operations in the US emerging sports markets. We are fortunate to have capital to deploy, made available from four successful business exits since 2017. We must be careful however as nobody can predict the time horizon or full economic impact of the pandemic on the global economy and how it will play out in the months and years to come, in the gaming industry or otherwise. All we can do is take a ‘wait and see’ conservative approach to our near-term investments until we have further clarity. When it comes to identifying and ultimately making an investment in a business, we firmly believe that a successful deal is rooted in its people, and our vetting process involves working closely with and getting to know the management team and other key stakeholders. Splash Technology is a UK firm that develops highly interactive mobile gaming apps and recently launched their proprietary, free-to-play platform called Swipe. Our firm relies heavily on face-to-face engagement and getting to know key stakeholders on a personal level. COVID-19 will not alter our core philosophy, which is that we believe truly in investing in people. Covid-19 has changed the landscape of how venture capital (VC) firms carry out their day-to-day business, and JAMCO Capital is no exception. However, the challenges are not insurmountable, as illustrated by JAMCO’s investments in two gaming companies since the start of the pandemic, writes Christopher Kape. Some businesses with strong online presences have fared well, while others, including bricks-and-mortar gaming operations, have not. Generally speaking, the online space, excluding sports betting, has performed remarkably well during this time and JAMCO’s business investments have not seen any impairment to date- in fact, the opposite results in some instances. 28th August 2020 | By Daniel O’Boyle Gone are the days of entrepreneurs who are willing to fly to Vancouver or Las Vegas and pitch their businesses in our boardroom, at least for the time being. While capital-seekers initiate contact in much the same way as before Covid-19 – by networking directly through mutual contacts or through sites like LinkedIn, or perhaps by sending introductory emails and having initial telephone calls – the follow-up process is entirely different. Covid-19 consequences Unlike the early days of online gaming 20 years ago, the level of sophistication and expectation has changed on many fronts, including regulatory, finance, scale and complexity. Add in a multi- Topics: Finance Strategy Our investments always require some sort of pivoting. I cannot recall any business that we financed for ‘seed’ or even ‘series A’ funding that did not require changes to their business model along the way. That is normal, but it is always the people / management who must be able to pull off such tweaks, making face time valuable at different stages. Given the maturity of the gaming industry in 2020, JAMCO Capital is no longer seeking concepts and ideas only. We are now looking for businesses that have management with proven track records in the industry and viable models with strong growth potential. Putting the turbulence of 2020 to one side, this new era of raising capital requires companies to have strong management, solid technologies and ideas, full funding and strong business modelling – and that is just the starting point. VC business is conducted solely over online communication, so the style of the pitch is dramatically different and the due diligence seems much more formulaic given the inability to meet in person, leading to fewer organic in person conversations, which are integral to the process. Instead, we can meet online in a video-conference, which is hard pressed to last more than 60-90 minutes in most cases. Subscribe to the iGaming newsletter Venture capital fundraising for gaming companies in the age of Covid-19 Chris Kape, an iGaming industry veteran of two decades, is the owner of JAMCO Capital, an early-stage venture capital and business consultancy, an AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Of course, the pandemic has had inevitable consequences on investments. In some areas, JAMCO has enjoyed continued success, while in others there has been an adverse impact on deals struck prior to Covid-19. language, multi-jurisdictional and international regulatory requirements on top of it all, and you quickly realise that online gaming has come a long way in a short time. OneComply is a Canadian company that provides businesses and key personnel with a secure digital storage and compliance solution for the ever-evolving regulatory environment in the global gaming space.last_img read more

Christmas Gift Rush by Habanero

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Get into the holiday spirit with Christmas Gift Rush! Christmas Gift Rush by Habanero Game type:Video slotGo live date (expected):24/11/2020Game special features:– Win on the centre line to trigger the nudge feature.– Reels continue to nudge until no winning combinations on screen.– Unlock three lines, thereafter the multiplier increases with each nudge.– Enable the buy feature to purchase a feature with every spin!Number of paylines:1-3 linesNumber of reels:3 columns x 3 rowsRTP% (recorded/theoretical):91.95%, 93.92%, 96.66%, 97.87%Variance/volatility:HighNumber of symbols to trigger feature/bonus?Win on the centre line to trigger the nudge featureCan feature be retriggered?NoNumber of free spins awarded?n/aStacked or expanding wilds in normal play?NoStacked or expanding wilds in feature play?NoNumber of jackpot tiers?Yes (optional)Auto-play function?Yes (optional) Immerse yourself in the festive tunes and vivid colours and Santa will give you a “nudge” in your winnings! Enable the buy feature to purchase a nudge on every spin! Subscribe to the iGaming newsletter Topics: Casino & games Slots 23rd November 2020 | By Aaron Noy Slots Companies: Habanerolast_img read more

Hot 7 Hold & Spin by Stakelogic

first_imgSlots Hold and spin for amazing coins and the precious diamond when the scatters land in Hot 7 Hold and Spin! 9th March 2021 | By Aaron Noy Topics: Casino & games Slots You can play a demo of this slot here! Subscribe to the iGaming newsletter Game type:Video slotGo-live date (expected):11/03/2021Game special features:– Hold & spin – Expanding wild symbols – Gamble featureNumber of paylines:5Number of reels:3 reels, 3 rowsRTP% (recorded/theoretical):95.30%Variance/volatility:3/5Number of symbols to trigger feature/bonus?Three silver and/or golden coin symbols on the middle reel triggers the Hold & Spin feature.Can feature be retriggered?YesNumber of jackpot tiers?NoAuto-play function?Yes You can download the First Look Games affiliate pack for this game here! Hot 7 Hold & Spin by Stakelogic AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more