Yggdrasil launches in Czech Republic with Tipsport

first_img Cherry-owned igaming solutions provider Yggdrasil has expanded its services into the Czech Republic through a new content partnership with betting and gaming operator Tipsport. Topics: Casino & games Tech & innovation Slots 21st June 2019 | By contenteditor Casino & games Regions: Europe Central and Eastern Europe Czech Republic Subscribe to the iGaming newsletter Email Addresscenter_img Tags: Online Gambling Slot Machines AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Companies: Yggdrasil Cherry-owned igaming solutions provider Yggdrasil has expanded its services into the Czech Republic through a new content partnership with betting and gaming operator Tipsport.Tipsport customers will now be able to access Yggdrasil’s portfolio of locally certified games including Luca Maniacs, Valley of the Gods and the Vikings trilogy.The operator will also be able to used BOOST, Yggdrasil’s in-game promotional tool, to run in-game tournaments, prize drops and player missions.“Going live with Tipsport is another important milestone for us as we continue to implement our growing regulated markets strategy,” Yggdrasil chief executive, Fredrik Elmqvist, said.“As the country’s largest operator, Tipsport is the perfect partner for us and we are looking forward to working together.”Jiří Švarc, online casino director at Tipsport, added: “Adding Yggdrasil’s games to our expanding offering is very exciting, and we are confident our customers will enjoy the engaging and immersive content they provide.”The launch comes after the Czech Ministry of Finance last month confirmed that it will increase the tax rate on certain gambling activities in the country from January 2020.Lotteries, live games and bingo operators will be taxed at 30%, up 23%, while the rate for fixed odds betting will also rise from 23% to 25%.This month, figures provided to iGamingBusiness.com by the Czech General Directorate of Finance showed a 21.3% drop in revenue from regulated gambling in 2018, due to a lower contribution from slot machines.Revenue for the year amounted to CZK31.3bn (£1.09bn/€1.22bn/$1.38bn), with the slot vertical hit by new bonus and player verification controls. This saw land-based slot revenue fall 39.3% year-on-year to CZK14.8bn, with online revenue falling 4.8% to CZK1.9bn.Image: Max Pixel Yggdrasil launches in Czech Republic with Tipsportlast_img read more

Illinois Governor signs gaming expansion bill into law

first_img Email Address Topics: Casino & games Legal & compliance Sports betting Slots Casino & games Illinois Governor J.B. Pritzker has signed into law the far-reaching gaming expansion bill passed by the state legislature early in June, paving the way for the roll-out of regulated sports betting.  Subscribe to the iGaming newsletter Regions: US Illinois Tags: Mobile Online Gambling OTB and Betting Shops Slot Machines AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 1st July 2019 | By contenteditor Illinois Governor J.B. Pritzker has signed into law the far-reaching gaming expansion bill passed by the state legislature early in June, paving the way for the roll-out of regulated sports betting. Senate Bill 690 was one of four bills signed by the Governor as part of the Rebuild Illinois capital plan. This aims to raise $45bn to invest in roads, bridges, railways, universities, early childhood centers and state facilities over the next six years, creating an estimated 540,000 jobs over that period.The gaming expansion bill allows for the establishment of six new land-based casinos, including a major facility in Chicago, as well as the roll-out of slot machines at racetracks and the O’Hare and Midway airports. It also includes Representative Robert Rita’s Sports Wagering Act, which was attached to the wider bill in a last-minute push to shepherd sports betting legislation into law. This sets out a $10m license fee for master licenses for casinos and racetracks, with online licenses costing $20m and both certificates valid for four years. Sports facilities, stadia with a capacity of 17,000 or greater, will also be able to secure a licence at a cost of $10m, which also allows for mobile wagering within a 5-block radius of the venue.Operators will pay a 15% gross revenue tax, to be deposited in the newly created Sports Wagering Fund. Money generated will be split between counties, to support the criminal justice system, and the Capital Projects Fund.Read the full story on iGB North America. Illinois Governor signs gaming expansion bill into lawlast_img read more

Betclic nets major partnership with Ligue 1’s Girondins de Bordeaux

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Western Europe France Online gambling operator Betclic Everest Group has entered into a major partnership deal with French Ligue 1 football club Girondins de Bordeaux.The two-year agreement will cover both the 2019-20 and 2020-21 seasons, with Betclic branding set to appear on the lower back of the players’ shirts.Bordeaux-based Betclic will also work with the club to run a series promotional events for fans, as well as create customised digital services.In addition, Betclic will benefit from VIP hospitality at all Bordeaux home matches.“Settled in Bordeaux for over a year, it was natural for Betclic to get closer to the Girondins de Bordeaux,” Betclic chief executive Nicolas Béraud said. “We are proud to support the new project and the new dynamics of the club.“We share the desire to offer our audiences the best possible experience and we hope to delight the fans of Girondins by offering unseen content and the most comprehensive bets for the club’s matches.”Frédéric Longuépée, chief executive of Girondins de Bordeaux, added: “We are delighted to be able to partner with Betclic, leader of its online sports betting market, who shares with us the audacity the taste for the challenge and the innovation.“Sharing the same desire to live the passion of football, we are eager, my staff and myself, to open with Betclic this new chapter of our long history.”Image: Max Pixel Online gambling operator Betclic Everest Group has struck a major partnership deal with French Ligue 1 football club Girondins de Bordeaux. Betclic branding will now feature on the back of players’ shirts. Betclic nets major partnership with Ligue 1’s Girondins de Bordeaux 5th August 2019 | By contenteditorcenter_img Subscribe to the iGaming newsletter Marketing & affiliates Email Address Topics: Marketing & affiliates Sports bettinglast_img read more

Dutch regulator hands PokerStars €400,000 fine

first_img Tags: Card Rooms and Poker Online Gambling Topics: Casino & games Legal & compliance Poker Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Dutch regulator hands PokerStars €400,000 fine 23rd September 2019 | By contenteditor Email Address Dutch gambling regulator Kansspelautoriteit (KSA) has fined The Stars Group €400,000 (£353,442/$439,500) for operating without a licence in the country, via the PokerStars.eu domain.The KSA carried out an investigation into the PokerStars.eu site during the second half of 2018 and identified a number of factors that showed the site was targeting Dutch consumers.In its findings, the KSA said the site was accessible from the Netherlands despite The Stars Group not holding a licence in the country, while customers were able to deposit funds using iDEAL, an online payment method only available in the Netherlands.Other factors included an in-site contact form published in Dutch language and the mention of two Dutch problem gambling organisations. In addition, the Netherlands was not mentioned in a list of countries from which gambling via the website was not permitted.The KSA also noted that the Netherlands classes poker as a game of chance, and only Holland Casino is allowed to offer real-money poker services at one of its land-based sites. Online gambling, including poker, is currently illegal in the Netherlands, though the country is set to launch a regulated market in January 2021 after the Dutch Senate in February passed the Netherlands’ Remote Gambling Act.New online gaming laws will come into force from July 1, 2020, subject to final approval from the Ministry of Justice and Security. After this, the KSA will draw up licence conditions ahead of the proposed launch date six months later.Only operators that have had no activity in the country for two years prior to the introduction of legislation will be eligible for a new online licence.The KSA has issued a series of fines ahead of the new law coming in to place, with Kindred Group’s Trannel International subsidiary last month also being handed a fine of €470,000. Kindred has since said that it intends to appeal the decision.For more analysis on the Netherlands, see our Market Monitor report Regions: Europe Western Europe Netherlands Dutch gambling regulator Kansspelautoriteit (KSA) has fined The Stars Group €400,000 (£353,442/$439,500) for operating without a licence in the country, via the PokerStars.eu domain. Casino & gameslast_img read more

BetPlay to sponsor Colombian football league

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Colombian betting operator BetPlay will sponsor Colombia’s top tier of men’s football as well as other competitions organised by the División Mayor del Fútbol Profesional Colombiano (Dimayor) for four years. 29th January 2020 | By Daniel O’Boyle Marketing & affiliates Email Address BetPlay to sponsor Colombian football leaguecenter_img Regions: LATAM Colombia Colombian betting operator BetPlay will sponsor Colombia’s top tier of men’s football as well as other competitions organised by the División Mayor del Fútbol Profesional Colombiano (Dimayor) for four years.Under the deal, the country’s top division will be known as the BetPlay Dimayor League, with the main cup competition to be named the BetPlay Dimayor Cup. The SuperLiga – played between the winners of the Apertura and Finalización leagues – will be named the BetPlay SuperLiga Dimayor.“We are committed to this sport and we are proud that the Dimayor men’s competitions bear our name,” Germán Segura, general manager of BetPlay said. “It is also a challenge, however, but one which we will meet.“ Dimayor also launched a new logo for its competitions, incorproating BetPlay’s colours of blue, green and yellow.“For the 36 clubs associated with Dimayor and for the organisation itself, it is a source of great happiness that an important company like BetPlay sponsors our national football league,” Dimayor president Jorge Enrique Vélez said.“The investment by BetPlay to acquire these rights was very high and that shows how they value our product.”BetPlay already sponsors the Colombian national football team, agreeing a deal in 2019. Subscribe to the iGaming newsletter Topics: Marketing & affiliates Sports bettinglast_img read more

Seeking stability in virtual sports

first_img3rd April 2020 | By Josephine Watson Frank Wenzig first joined Sportradar back in October 2010 as associate director of product management when the company’s gaming solutions were first born. Frank assisted an initial team of 12 in the unit’s main base in Bremen, developing Sportradar’s virtual sports meets sports betting strategy that exists today.In the face of world-wide clampdowns on mass public events, the first half of 2020 looks to be a challenging time for sportsbooks. So, when the lights go out and stadiums are empty, how can operators ensure stable and continuous revenue?While live sports cancellations are understandably a blow to the industry, digital advancements and increased demand for new ways to play drives innovation, and this has certainly historically been the case for virtual sports.In a recent webinar sponsored by Betradar, the company’s managing director of gaming, Frank Wenzig, discussed the evolution of virtual sports betting, arguing that the vertical is more than just a supplement when live sports are in downtime. Back to basicsOpening the presentation, Wenzig reflects upon his first ICE in 2010, when Betradar had just started working on virtual sports: “I had to pull customers to our booth and explain what virtual sports are and what they’re good for – at this time there was no awareness.”Since then, he says, the audience has grown from being a niche market to a multi-million pound business.Based on Betradar’s experience working on this vertical, Wenzig outlines several things the industry needs to understand in order to capitalise on virtual sports, including the target group, the incremental revenue, the scope and the risk.To understand the target group, Wenzig says, you first must understand the nature of virtual sports. In his opinion, for the igaming industry, virtual sports should be more realistic than fanciful, and geared towards real life betting – an approach Betradar has taken to strongly when delivering its virtual sports offerings.“Our target group are the punters. In a perfect world scenario, they wouldn’t even notice whether the game is real or virtual. With improving technology, the line between real and virtual is becoming more and more blurry.”Wenzig also explained that when starting its business in the sector, Betradar operated “based on the assumption that a punter would find virtual sports most appealing when it aligned with live sports betting preferences – i.e., live football punters will prefer virtual football over, say, virtual tennis.“This proof of concept is now underpinned by the data collected by the company across almost two decades.”The next two key attributes of virtual sports are the incremental revenue and the scalability, with Wenzig highlighting the ability to tailor virtual sports products to customer demands, in terms of league systems, customisation and localisation, for instance.One of the final points Wenzig makes is the ease with which virtual sports can be integrated and handled: “The product switches on and earns money – there is no risk management or complicated maintenance necessary to ensure it is fully established.” Untapped potential?Speaking after the webinar, Wenzig elaborated further on his vision of the future of virtual sports: “This year we are continuing to witness just how much unanticipated events can have on the industry. I believe this will continue to make people realise that virtual sports are more than just a niche, supplementary product as part of a sportsbook.”Virtual sports have come a long way to get to this point, but Wenzig says there are still plenty of areas for growth. For Betradar, that means extending their gaming solutions portfolio beyond traditional sports, developing offerings across desktop, mobile, retail and terminal, and expanding to new markets.“With the ongoing demand and advancements in technology, together with potential new betting markets such as Asia, virtual sports will continue to prove just how crucial they are in enabling operators to maintain engagement and commercial viability outside of a real-life sports offering.Anticipating this growth, Wenzig says Betradar will develop further on its offerings: “This is why we continue to enhance our gaming solutions portfolio with sports and tournaments such as the Euros and Baseball added recently, and even more on the horizon, including cricket.” Topics: Sports betting Tech & innovation AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address With incremental revenue on the minds of many, Frank Wenzig speaks to iGaming Business on the benefits of virtual sports Tags: Online Gambling Sports betting Companies: Betradar Subscribe to the iGaming newsletter Seeking stability in virtual sportslast_img read more

British horseracing targets 1 June return

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter British horseracing targets 1 June return Legal & compliance Regions: UK & Ireland British Horseracing’s Executive Committee are working on plans to restart racing in the country on 1 June, after new government guidelines confirmed this as the earliest date from which sporting events may be held. Subscribe to the iGaming newslettercenter_img British Horseracing’s Executive Committee are working on plans to restart racing in the country on 1 June, after new government guidelines confirmed this as the earliest date from which sporting events may be held.Guidelines released yesterday (11 May) say sport may return – albeit without spectators – from 1 June, provided a number of key conditions are met to ensure the country-wide lockdown enforced as a result of novel coronavirus (Covid-19) can be eased.While fans would not be present in order to reduce “large-scale social contact,” these sporting events would instead be broadcast to spectators. This would make the British Horseracing Authority’s intended May restart date impossible. Instead, the sport’s Executive Committee, which is made up of the British Horseracing Authority, the Racecourse Association, The Racehorse Owners’ Association and the National Trainers Federation, will aim to go live at the earliest possible opportunity, on 1 June.The committee said it would publish a timeline of the necessary steps towards the sport’s return within the next seven days. The British Horseracing Authority said it has held discussions with Public Health England and England’s Chief Medical Officer Chris Whitty, as well as officials in Scotland and Wales, to develop “new processes and protocols” in order to reduce the likelihood of the virus spreading.“The sport will be focusing its efforts during the remainder of May on finalising and agreeing these changes across the industry and supporting everyone to understand and adopt them,” the Authority said.The government also said that “leisure facilities” may open from 4 July if the virus continues to be controlled, but it did not mention casinos or betting shops specifically.Sport in the UK was suspended in March as the country locked down to limit the spread of the virus. The English Premier League suspended all games on 13 March after Arsenal manager Mikel Arteta and Chelsea player Callum Hudson-Odoi both tested positive for the disease.The English Football League, the organisation that manages the three divisions below the top-tier Premier League, also suspended all games, as did the FA Cup and Women’s Super League.Premier League clubs met yesterday (11 May) to determine a plan for resumption of the 2019-20 season but are yet to announce any concrete plans. Premier League chief exectuvie Richard Masters said all 20 clubs wished to finish the 2019-20 season, but the league will still have to create a plan that works for players and managers.“There was a strong desire to discuss everything in the round and to agree a collective way forward,” Masters said. “A really strong collective will to complete the season remains. However, our priority will always be the safety of players, coaches and managers, staff, supporters, and the wider community. Nothing will be agreed until we have spoken to both the managers and players.“We welcome these first steps and are ready to play our part. We are working flat out with clubs and stakeholders – Government, our broadcast partners, The FA, the EFL, PFA and the LMA – to create a responsible, safe and deliverable model to complete the season.”Last week (6 May), the Deutsche Fußball Liga (DFL), the sport’s governing body in Germany, announced that the top-tier Bundesliga and 2. Bundesliga second division will resume play on 16 May, making it the first major European league to restart. Topics: Legal & compliance Sports betting Email Address 12th May 2020 | By Daniel O’Boylelast_img read more

Freebets: Customers still betting despite sports shut-down

first_img Almost three quarters of regular bettors continue to wager on sports despite the majority of events having been cancelled or postponed as a result of the novel coronavirus (Covid-19) pandemic, according to a new report by Freebets.com. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sports betting 21st May 2020 | By contenteditor Topics: Sports betting Freebets: Customers still betting despite sports shut-down Almost three quarters of regular bettors continue to wager on sports despite the majority of events having been cancelled or postponed as a result of the novel coronavirus (Covid-19) pandemic, according to a new report by Freebets.com.The UK betting comparison site, owned and operated by XLMedia, found through a survey of its customers that 70% placed a bet during the period of sporting shutdown, with 30% not wagering at all.Horse racing proved to be the sport of choice, with 34.5% of those punters who had placed a wager listing racing as their preferred sport. Football followed with 25%, despite almost all competitions having been postponed, with esports on 9%.The research also suggested a rise in interest for betting on esports and virtual sports, with 12% of punters saying they enjoyed wagering on esports, 13% on virtuals and 17% on both formats.However, the majority of respondents – 54% – said they had not bet on either esports or virtual sports games despite the lack of sports betting options elsewhere.There was also seemingly a lack of interest in switching from sports betting to other forms of online gambling, with only 36% of players having played online casino or similar games.Some 24% of players had tried online casino during the period, with just 5.5% playing internet poker and 6.5% enjoying some form of online bingo, but 64% said the had not played any of these games.Freebets.com also found that just over half of players – 54% – said the closure of retail betting shops as a result of the outbreak encouraged them to gamble online more than previously.“The results of this survey have been particularly encouraging, illustrating how our customers have continued to enjoy betting on sports at this time,” XLMedia chief executive Stuart Simms said.“The popularity of esports and virtual sports stand out as the data suggests that these new categories have begun to cement their position as viable betting options.”Last week, the GB Gambling Commission also published a report looking at the levels of gambling during lockdown. The study found that 1.8% of respondents had stopped gambling entirely, while a further 3.3% reduced gambling spend in this period and 4.8% cut playing time. Tags: Online Gambling Regions: UK & Ireland Subscribe to the iGaming newsletter Email Addresslast_img read more

Spiffbet to acquire Scandibet and TurboVegas operator

first_imgSpiffbet head of casino operations Maria Boelius said Styren and the entire Manisol team would help improve Spiffbet’s business. “We really welcome Manisol with all employees,” Boelius said. “It will be a perfect reinforcement of our team and solve part of our recruitment needs.  The acquisition is intended to be financed through a private share placement which is expected to raise SEK41m, with an usse price of SEK0.375 per share. Spiffbet will pay SEK20m to acquire the brands, while it will also acquire SEK10m in debt in doing so, meaning the debt-free initial price for the acquisition is SEK30m. An additional purchase consideration of up to SEK6m may be paid by the end of 2022 depending on meeting certain targets.  Online operator and supplier Spiffbet has signed a letter of intent to acquire Manisol Gaming, which operates Scandibet and TurboVegas. Tags: Scandibet TurboVegas Spiffbet Manisol Gaming Bethard Svensson added that further acquisitions may be on the horizon in the future. In August 2020, the business agreed a deal to acquire Goliath Holding, the parent company of online casino brand Goliath Casino, for approximately SEK2.6m. Topics: Finance Strategy Online casino M&A Spiffbet said the deal will increase its casino sales by more than 50% and that the business will “be relatively easy to integrate” due to shared platforms. “With this acquisition, Spiffbet reaches a critical mass and becomes a player to be reckoned with in the gaming industry,” Spiffbet chief executive Henrik Svensson said. “This also opens up opportunities for major acquisitions and structural deals in the future.” M&A The operator was founded and is owned by Johan Syren, who led LeoVegas’ Malta operations from 2012 to 2017, a period of major growth for the business. Styren will act as a strategic advisor to Spiffet’s board after the deal. 22nd February 2021 | By Daniel O’Boyle “It is also an asset to have Johan Styren as a sounding board in the future with his solid industry experience. In one fell swoop, our conditions for growing and creating profitability are improved in a fantastic way.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Nordics Sweden Malta The deal is expected to close this week following completion of due diligence and final approval of a final share transfer agreement.  Subscribe to the iGaming newsletter Spiffbet to acquire Scandibet and TurboVegas operator “It is very fun to find a new owner for Manisol at Spiffbet,” Styren said. “Both companies have a good organisation with different qualities that I think will work well together. The companies really complement each other and can utilise each other’s strengths.  Manisol’s flagship sites operate in Malta and Sweden under Bethard’s licence, using its Together Gaming platform.  “It will be very fun to follow the business both as a major shareholder and strategic advisor in the future. And we can now significantly increase the pace of the investments we have already begun with establishment in additional markets, both in and outside Europe.” “The ambition is to get the maximum return on the advantage of being listed on the stock exchange, through our proven ability to carry out acquisitions and the large cost advantages that can be achieved thanks to higher turnover,” he said. “This also strengthens the synergy effects between gaming services and our casino operations. We will continue to act as a locomotive for acquisitions.” This payment may be made either in cash or with 50 million newly issued Spiffbet shares. Spiffbet shares are currently trading at €0.039 each on the Nasdaq First North Exchange. If the share option is chosen, Spiffbet will issue a total of 109.5 million new shares, with other shares going to existing major owners and to those who received shares when Spiffbet acquired Cashmio. Email Addresslast_img read more

Playtech to supply casino products to Kindred Group

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter “This is a great example of Playtech’s commitment to partnering with the right companies to bring great entertainment to new and growing markets.” Regions: Europe UK & Ireland Tags: Kindred Group Playtech Following the initial launch on Unibet’s UK and .com sites, Playtech Casino will subsequently be rolled out across further regulated markets including Sweden, Belgium and Romania. “This will be a very exciting partnership for both companies, and we look forward to developing this partnership further in the months and years to come.” 10th March 2021 | By Conor Mulheir “We are thrilled that Kindred Group has chosen Playtech as its technology partner, highlighting the continued strength of our casino offering,” said Playtech’s chief operating officer Shimon Akad. Results published in February showed that Kindred Group’s full-year revenue surpassed £1bn in 2020, as revenue for the year increase 23.9%. Casino revenue for the year was up 35.0% to £579.0m.center_img Playtech said the two companies share the values of raising standards in safer gambling and responsible business, and that Kindred Group is a leader and innovator within the online gambling industry. David Robertson, head of casino at Kindred Group, added: “Playtech’s innovative and engaging content will provide a fantastic level of entertainment to our international audiences and we’re delighted to be working with them. Last week, Playtech announced the appointment of 888 Holdings chairman Brian Mattingley as its new non-executive chairman, effective form 1 June. Email Address Industry giant Playtech has signed a new partnership with Kindred Group, to launch its RNG casino offering across the operator’s 9 brands, including its flagship Unibet brand. Playtech to supply casino products to Kindred Group Casino & games Topics: Casino & games Online casino Product & technologylast_img read more