Esports Entertainment names latest affiliate partners

first_img Esports Entertainment names latest affiliate partners 14th May 2018 | By contenteditor Tags: Video Gaming Esports Entertainment Group has signed affiliate marketing agreements with a further 10 esports teams. The online gambling company focused on esports betting and recently rolled out its VIE wagering platform. To support the launch, Esports Entertainment has signed up a number of esports team affiliates. Antinus Gaming, Heroes of Szabolcs County, Impulze, SCO-Gaming, Vertical.Sense, Virtual STEEL, Chi Happens, Team Ancestral, NK Rudeš Esport and Evolution Team are the latest teams to sign up, taking the total number of partners to 36. Grant Johnson, chief executive of Esports Entertainment, said: “The addition of these 10 esports teams to our affiliate program, along with the 26 announced over the past month, is yet another major milestone for the company. “No other esports wagering site has ever signed affiliate marketing agreement with esports teams, which serves as a testament to our P2P wagering model in which a player always wins, never the house. “We look forward to working and growing with these teams and their great fans for years to come.”Related article: Esports Entertainment sets first with payments service Subscribe to the iGaming newsletter Casino & gamescenter_img Topics: Casino & games Esports Sports betting Video gaming Email Address Esports Entertainment Group has signed affiliate marketing agreements with a further 10 esports teams AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Ladbrokes challenges self-exclusion reform in Australia

first_img Regions: Oceania Australia Ladbrokes has hit out at “frustrating” delays in rolling out a multi-operator self-exclusion scheme in Australia, blasting the process for its “complexity”.The firm, along with other major bookmakers in the country, has been working with the national government to develop stronger responsible gambling guidelines.One of the primary focuses for Responsible Wagering Australia, the collective name for the bookmakers, is to enable punters in all states to exclude themselves from igaming activities.However, due to ongoing uncertainty as to who will develop the system, Ladbrokes has seemingly grown weary of proceedings.According to the Sydney Morning Herald, Ladbrokes favours a multi-operator scheme and is keen for the Australian government to adopt a similar system that is currently in place in the Northern Territory.“The design and implementation of most multi-operator self-exclusion schemes fails due to complexity,” Ladbrokes general counsel Patrick Brown said.“Ladbrokes calls on Sportsbet and BetEasy (CrownBet) to work within Responsible Wagering Australia on multi-operator self-exclusion.”Ladbrokes’ statement has raised questions over the bookmaker’s membership of Responsible Wagering Australia, with the company also reportedly unhappy over plans to ban sign-up inducements for new customers.Industry sources told Sydney Morning Herald that since joining the group just over 12 months ago, Ladbrokes has not shared the “proactive” approach of other member organisations to “protect the sustainability of the industry”.In a statement issued to iGamingBusiness.com, Ladbrokes Australia said: “Ladbrokes unequivocally supports the National Self Exclusion scheme.”Image: Flickerd Legal & compliance Bookmaker has split from rivals over plans to change current system Tags: Mobile Online Gambling Ladbrokes challenges self-exclusion reform in Australia Subscribe to the iGaming newsletter 20th August 2018 | By contenteditor Topics: Legal & compliance Marketing & affiliates Tech & innovation AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

US ‘on the radar’ for LeoVegas

first_imgSports betting Regions: US 6th September 2018 | By contenteditor Tags: Mobile Online Gambling US ‘on the radar’ for LeoVegas LeoVegas has revealed to iGamingBusiness.com it is considering expansion into the US sports betting market, but said there are a “lot of factors” to consider before making such a move.The company has noted significant growth within its sports betting division in recent times, which has in turn led to a much stronger focus on this part of the business. In the second quarter, sportsbook was responsible for 8% of total revenue, due in part to the impact of betting on football’s Fifa World Cup. This came after the firm committed a record amount of funds to marketing for the tournament. The revelation comes as US-based sportsbooks prepare for one of the busiest weekends of the year, with the NFL American football season due to kick off tonight (Thursday). A new report commissioned by the American Gaming Association has said that the NFL could see its annual revenue increase by $2.3bn (£1.78bn/€1.98bn) per year through widely available, legal, regulated US sports betting. Gustaf Hagman (pictured), group chief executive of LeoVegas, told iGamingBusiness.com: “Our expansion strategy is to expand in regulated markets and markets that are soon be regulated, new product categories and to carry out strategic and complementary acquisitions. “In terms of the US, we of course have it on our radar and follow development. It is a market with huge potential but it is also a lot of factors to take into consideration. “In terms of expansion it is no secret that we think Spain is an interesting market.” Last month, the company announced that BetUK, a casino-only site when acquired from IPS as part of a £65m deal earlier this year, is now accepting sports bets in the UK. The company last month also applied for a new licence in Sweden, to fit in with re-regulation in the country, and revealed to iGamingBusiness.com that it could also pursue a licence in Spain. Should LeoVegas opt to expand into the US market, it would join various other major brands that are already active across the regulated states of Nevada, New Jersey, Delaware, Mississippi and West Virginia. Rhode Island and Pennsylvania are also due to launch regulated markets in the coming months, but will miss the lucrative start of the NFL season. LeoVegas bills itself as a mobile-first operator. FanDuel, William Hill, DraftKings, Borgata and PlaySugarHouse all run mobile sports betting platforms in New Jersey. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Topics: Sports betting Strategy Operator cites “huge potential” in US as part of regulated market push Email Addresslast_img read more

UK Tote agrees £50m deal with Britbet

first_imgHorse racing 30th October 2018 | By contenteditor Subscribe to the iGaming newsletter UK Tote agrees £50m deal with Britbet Seven-year deal signed after months of negotiations AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Marketing & affiliates Sports betting Horse racing Regions: UK & Ireland The future of the Tote has been assured for the next seven years after a partnership worth £50m was agreed between its owners and the UK’s racecourses.The Tote, which is owned by BetFred and Alizeti, and Britbet will combine to offer a single pool on races run at 55 racecourses and be the official global pool betting provider. Britbet was set up earlier this year with major shareholders including Jockey Club, Arena Racing Company and Scottish Racing banners, as well as Goodwood, Newbury and York.As expected, the Tote’s owners will take responsibility for the brand’s digital output and growth, seen as “crucial” according to a Tote source. It will also look after betting shops and marketing.Britbet will be in charge of the Tote’s racetrack operations and employ workers at all those locations. The racecourses will receive £50m from the Tote over the next seven years.The future of UK tote betting has been in flux since the end of the Tote’s seven-year monopoly in February. Alizeti, a consortium led by racehorse owners and CEO Alex Frost, bought 25% of the business from Betfred in May, while the racetracks formed the Britbet brand as a rival. The two agreed to begin negotiations over a potential partnership in June, just weeks before Britbet was due to roll out its brand across its racecourses.Frost today said in a statement: “We are committed to being part of helping secure British racing’s finances for generations to come through a revitalised Tote.“This deal is another very important step forward in enabling this to happen and follows on from the Tote’s existing partnership with Ascot, ensuring the sport now has a united approach to pool betting.”The Tote said it was not in a position to discuss expectations for the Tote’s performance and growth over the course of the next seven years. The Tote told iGamingBusiness.com it did not recognise forecasts of £65m EBITDA by 2024, which were reported by some media outlets earlier this year.Alizeti has boosted its management team in recent months having brought in former Sportech CEO Ian Penrose as strategic and operations advisor. Jamie Hart, the former William Hill and Tabcorp executive, has arrived as head of product, while Emma Crowe, once with Paddy Power Betfair and PokerStars, is head of marketing.As well as the £50m earmarked for the courses, the UK racing industry will also benefit as the Tote will work with At The Races (ATR), the Racecourse Media Group (RMG) and GBI Racing to promote British racing around the world.Neil Goulden, chairman of Britbet, said his organisation’s primary focus during months of negotiation has been to “maximise the returns available through pool betting” for the 55 racecourse partners.“This has now been realised,” he said. “We now look forward to working with the Tote consortium to deliver the innovation and investment that will allow pool betting to flourish and, in turn, serve the sport we love.“The rollout of our new technology across the 55 racecourses along with the operational control we have been exercising since July 13 remains central to the Britbet vision. This agreement now gives us scope to deliver an even richer experience for our racecourse customers.” Tags: Online Gambling Race Track and Racino Email Addresslast_img read more

Gamesys boosted by B2C growth in 2018 results

first_img Gamesys boosted by B2C growth in 2018 results Tags: Online Gambling Revenue from Virgin Games and other brands helps operator and supplier grow EBITDA and post-tax profit AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 8th January 2019 | By contenteditor Financecenter_img Topics: Finance Subscribe to the iGaming newsletter Gamesys reported a 24.4% rise in revenue for the year ended March 31, 2018 as a result of strong growth from its customer-facing brands.The gaming operator and software supplier saw revenue for the 12-month period grow to £287.2m, according to figures filed with Companies House, with the majority derived from its B2C brands, including Virgin Games, Heart Bingo and Monopoly Casino. This accounted for £165.1m of group revenue, up 34.5% year-on-year, or 57% of the total.The company generated a further £118.3m in revenue from software and other support services provided to JPJ Group, which acquired various B2C assets such as the Jackpotjoy brand from Gamesys in February 2015,  a 12.4% increase from the prior year.This helped the business post earnings before interest, tax, depreciation and amortisation of £31.3m for the year, following a £2.5m loss for the prior period.Gamesys reported a 35.6% rise in cost of sales, primarily gaming tax and licence fees, from £46.1m to £62.5m. Gross profit – turnover minus cost of sales – for the 12 months to March 2018 was up 21.7% to £224.6m.Outgoings such as distribution costs, administrative expenses and impairment of fixed asset were up 10.6% to £212.7m. In total group operating profit was at £23.9m, up 246% from FY2017.Gamesys brought in £9.1m in finance and other income, which was down considerably on the £33.8m accrued in the prior period as earn-out contributions from the Jackpotjoy sale decreased. After taxes of £3.4m, the business posted a profit of £29.6m, up from £18.8m in 2017.“The directors anticipate that growth in operations and support services, together with future opportunities, will ensure the group is sustainable for the foreseeable future,” Gamesys said. “Against a challenging environment, we aim to grow by continuously providing our customers with innovative games and pursuing our current excellence in technology, marketing, product development and customer service.”Gamesys noted that it would continue to introduce new, innovative products, expand its distrbution channels and maintain a high level of customer service to differentiate its offering in an increasingly competitive market. “A key market for the group continues to be the UK, and Brexit presents uncertainty to both customers and the wider economy,” it added. “The group continues to monitor current events and consider the impact on future periods.” Email Addresslast_img read more

Tanzania Gaming Act amendents hint at advertising reprieve

first_img31st October 2019 | By Daniel O’Boyle Email Address Tanzania Gaming Act amendents hint at advertising reprieve AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The Tanzanian government has amended the country’s gaming regulations, to expand the range of licence categories available, and to permit a partial lifting of an advertising ban implemented in January this year. The Tanzanian government has amended the country’s gaming regulations, to expand the range of licence categories available, and to potentially partially lift an advertising ban implemented in January this year.Section 51 of the Gaming Act has been amended to grant the Tanzania Gaming Board the power to approve companies to advertise their products.When first granted, approval to advertise will run for six months, after which it can be extended for year-long terms. Section 86A (1) has been updated to require those approved to market their services to do so in a manner that protects children and the vulnerable, without going into detail as to what this entails.This suggests that the government is rowing back on changes implemented from 23 January this year, when it decreed that advertising on electronic media – such as television and radio – was prohibited.Further amendments to the Gaming Act, published in the country’s Official Gazette, have made five new licence categories available. Alongside the national lottery licence, currently held by Murhandziwa, a subsidiary of South Africa’s Gidani, for-profit lotteries now require specific certification.A service provider licence, for entities supplying goods or services to gaming operators, has also been created, as well as a licence for gaming consultants and one covering virtual games. There were already eight different licence categories, alongside the national lottery licence. Seperate certifications existed for casino gaming, slot machines and retail gaming, as well as manufacturer and seller licences for service providers. Key employees of gaming businesses, such as executives, also require a licence, as do their staff, while people working on non-gaming activity within a gambling venue also require accreditation.The Gaming Board has also been granted new enforcement powers to tackle illegal gambling, and can now audit, seize and destroy unfit or unlicensed gaming equipment. However, it remains unclear when the Gaming Board will resume issuing sports betting and slot machine licences. In August, it announced a temporary halt to the issuance of licences, saying it needed to assess whether there was room in the market for additional businesses to enter. Casino & gamescenter_img In March, the regulator revealed that it expected tax contributions from the regulated gaming industry to increase to TZS96bn (£32.2m/€37.4m/$41.7m) for the fiscal year ended 30 June. “Over the past few years, Tanzania has recorded massive growth in tax collections from gaming activities, due to the rising number of players and tighter controls,” Gaming Board director general James Mbalwe said at the time. He said that as conditions for doing business in the country had improved, the gaming industry had invested more in the market, resulting in the sector contributing around 3% of Tanzania’s gross domestic product, creating around 20,000 new jobs in the market. Regions: Africa East Africa Tanzania Tags: Slot Machines Topics: Casino & games Legal & compliance Marketing & affiliates Sports betting Slots Subscribe to the iGaming newsletterlast_img read more

Veikkaus sees decline in Finnish problem gambling

first_img A new study commissioned by Finland’s state-owned gaming operator Veikkaus has revealed a slight decline in problem gambling among the country’s population.Some 2.3% of the population – around 95,000 people – is estimated to have a gambling problem according to the study carried out by market research specialist Taloustutkimus. This saw 5,000 Finnish citizens aged between 15 and 79 interviewed between February and April this year.That number is down from the 2.8% of respondents classed as showing signs of a gambling problem in the previous edition of the survey, that was published in November 2019. It also represents a 28.6% decline from the 3.3% problem gambling rate revealed in a December 2017 survey. Veikkaus said 26% of those with gambling problems identified Veikkaus as the only operator they played with. A further 15% of respondents that only gamble with offshore operators said they considered themselves to have a problem.The operator said it expects the shut-down of its slot machine network – which Veikkaus said is considered to the biggest cause of problems — between March and July as a result of novel coronavirus (Covid-19) will have “a significant impact on both gambling as a whole and the problems caused by gambling”.During the period, it added, there were some signs that land-based players migrated to Veikkaus’ digital offerings, but added this shift was small in terms of both customer numbers and gaming revenue.Veikkaus last week said it expects its 2020 profits to fall by as much as €300m (£268.6m/$354.5m), after reporting a 28.1% year-on-year decline in gross revenue and 33.6% drop in profit for the first half of the year.Gross gaming revenue for the six months to 30 June fell to €607.2m, with Veikkaus estimating that the total was down by around €200m as a result of the disruption caused by Covid-19. Its profit of €332.7m for the period was down 33.6% year-on-year.Veikkaus is looking to reduce the number of machines in operation by around 40% to 10,500 by the end of 2020.This will be followed by the introduction of mandatory registration from January 2021, requiring all players to have an account with the operator in order to gamble. Until this comes into effect, all slot machines will display timers, which notify players after every 15 minutes of play. Regions: Europe Nordics Finland Legal & compliance Email Address A new study commissioned by Finland’s state-owned gaming operator Veikkaus has revealed a slight decline in problem gambling among the country’s population. Topics: Legal & compliancecenter_img 24th August 2020 | By contenteditor Veikkaus sees decline in Finnish problem gambling Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Tabcorp raises AU$230m from retail share sale

first_imgHaving raised $371m from the sale of shares to institutional investors, Tabcorp retail investors then sold 8.5m retail entitlements between 24 August and 3 September, representing approximately 12% of entitlements, generating $2.7m for shareholders. For that period, revenue declined 4.8% to $5.22bn and non-cash impairment charges saw the business swing to an $870m net loss. Australian lotteries and gaming giant Tabcorp has raised approximately AU$230m (£130.1m/€142.2m/$168.8m) from the sale of shares to retail investors, taking its total proceeds from an accelerated entitlement offer to $600m. Topics: Finance Lottery Lottery “The completion of the retail shortfall bookbuild concludes the renounceable entitlement offer announced with our FY20 results,” Tabcorp chair Paula Dwyer said. “We are pleased that all of our retail shareholders who did not participate have realised value for their rights.” 16th September 2020 | By Aaron Noy Regions: Oceania Australia Through the $600m entitlement offer, its gross debt to EBITDA ratio will be reduced from 3.8x to 3.2x. Australian lotteries and gaming giant Tabcorp has raised approximately AU$230m from the sale of shares to retail investors, taking its total proceeds from an accelerated entitlement offer to $600m.center_img It said that the ongoing uncertainty around the novel coronavirus (Covid-19) pandemic had prompted the business’ board to pay down debt and reduce its gross debt to EBITDA ratio to between 2.5 to 3.0x, down from its current rate of 3.0 to 3.5x. Following the publication of Tabcorp’s results for the year ended 30 June the operator announced the fundraising drive, to improve its credit rating and conserve additional capital. Eligible shareholders that did not take up their entitlements, and ineligible retail investors, will receive $0.06 per entitlement sold through the bookbuild. In total, 35,000 retail shareholders took up their entitlements, which saw them acquire one new share for every 11 existing ordinary shares. This saw investors subscribe for 31.4m new Tabcorp shares, raising approximately $102.0m before the offer period closed on 10 September. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter A further 39.7m retail entitlements were then made available through a retail shortfall bookbuild, priced at $3.31 per retail entitlement. Tabcorp raises AU$230m from retail share sale Email Addresslast_img read more

Melbourne Cup drives turnover growth for Tab NZ in November

first_imgRugby union dominated sports betting turnover, meanwhile, though only two matches, which saw the All Blacks take on Argentina and Australia, generate more than NZ$1.0m in stakes. After winnings were paid out, gross betting revenue came to NZ$41.6m, NZ$8.7m above budget and 19% above prior year levels. Regions: Oceania New Zealand Melbourne Cup drives turnover growth for Tab NZ in November Tab NZ customers staked NZ$11.5m on the Melbourne Cup race itself, again breaking the previous record fo NZ$10.3m, set in 2018.  The Melbourne Cup helped New Zealand’s Tab NZ grow turnover NZ$27.6m above budget in November, in turn allowing the country’s only licensed racing and sports betting operator to return NZ$14.4m to the racing codes over the month. As a result Tab NZ distributed NZ$14.4m to the country’s racing codes, above the NZ$12.9m it had budgeted. Finance From the operator’s fiscal year to date, from 1 August to 30 November, operating profit for the year stands at NZ$61.2m, or 23% ahead of prior year levels. Turnover for the month came to NZ$232.6m, with Australia’s Melbourne Cup day setting a new turnover record of NZ$26.6m, up 14% year-on-year, resulting in gross betting revenue of NZ6.2m, again a new record.  With operating expenses declining year-on-year, net profit for the month came to NZ$17.7m, surpassing budget expectations by NZ$4.9m. This comprised NZ$16.4m from betting, and NZ$1.8m from gaming, with NZ$0.5m going to the Racing Integrity Unit. Email Address The biggest domestic racing event was the NZ Trotting Cup day, for which turnover reached $11.3m, again breaking 2018’s record, this time of $10.8m. More than 40,000 account holders bet on the day’s racing.  Topics: Finance Sports betting Horse racing Online sports betting Sports betting regulation 18th December 2020 | By Robin Harrison AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Tags: Tab NZlast_img read more

Captain Venture: Treasures of the Sea by Greentube

first_img Subscribe to the iGaming newsletter Discover more about this slot here! Companies: Greentube 25th January 2021 | By Aaron Noy Topics: Casino & games Slots This five-reel, 10-winline title has dropped anchor and is now available for Greentube’s B2B partners! A strong sea breeze is blowing through the halls of Greentube’s Home of Games, and with it, the sequel to a true slot classic: Captain Venture: Treasure of the Sea. center_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Game type:Video slotGo-live date (expected):26/1/2020Game special features:Sea changeAnchor drop respinsTreasure Chest bountyX marks the slot respinsMystery multiplier free spinsNumber of paylines:10Number of reels:5RTP% (recorded/theoretical):95.07%Variance/volatility:Med-high Slots Email Address Captain Venture: Treasures of the Sea by Greentubelast_img read more