Marathonbet lands shirt sponsorship deal with Lazio

first_img Marathonbet lands shirt sponsorship deal with Lazio Marketing & affiliates Topics: Marketing & affiliates Sports betting Subscribe to the iGaming newsletter 17th August 2018 | By contenteditor Marathonbet has struck a shirt sponsorship deal with Italian Serie A football club Lazio, despite the country’s government recently passing new regulations to outlaw gambling advertising.The agreement represents a short-term deal and will only run until the end of 2018, prior to when the new laws come into effect on January 1, 2019.Marathonbet branding will appear on Lazio players’ shirts, as well as on various LED advertising screens inside the team’s Stadio Olimpico home stadium.In an announcement on its website confirming the deal, Lazio said the agreement is in “compliance with current regulations”.New laws will ban gambling ads on sports jerseys from June 30, 2019, and while other regulations will come into effect from the start of the year, operators will have until the end of June to ensure they are complying with the new laws.Natalia Zavodnik, chief executive of Marathonbet, said: “Working with a club with such an illustrious history as that of Lazio emphasises our intention to continue our growth in the Italian market and beyond, and we cannot wait to see the club’s path, both nationally and in Europe, this season.”Marathonbet did not immediately respond to a request by iGamingBusiness.com to explain the timing of the deal in the wake of the legislative changes in Italy.Italy’s decision to ban gambling adverts has attracted a negative response from various areas of the industry. The European Gaming and Betting Association branded the ban as “counterproductive”, while Paddy Power Betfair CEO Peter Jackson said the new system will be “very restrictive”.center_img Regions: Europe Southern Europe Italy Agreement activated despite new ban on gambling adverts in Italy AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

See More

GAN benefits from New Jersey success in Q4

first_img FanDuel’s technology partner in New Jersey sees key operator revenue figure double in final quarter of 2018, with gross operator revenue soaring 103.9% to $41.8m. GAN benefits from New Jersey success in Q4 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Finance Subscribe to the iGaming newsletter Tags: Online Gamblingcenter_img Email Address 17th January 2019 | By contenteditor Strong growth in New Jersey helped GAN record a positive end to 2018 with gross operator revenue more than doubling for the three months ended December 31st.The online gaming technology supplier said gross operator said revenue for the fourth quarter of 2018 was up 103.9% year-on-year to $41.8m, in a trading update for the period. GAN said the increase in this key performance indicator was driven by strong growth in real money regulated gambling in the US and Europe.Gross operator revenue – derived from its simulated gaming, real money gaming and sports betting partners – was also up 56.4% quarter-over-quarter.Other indicators reported included active player days, which was up 50.6% year-on-year to 4.6m, and average daily revenue per active user, which grew 15.2% to $9.05.GAN chief executive Dermot Smurfit (pictured) identified growth in New Jersey, where it provides its sports betting services to market leader FanDuel through a strategic partnership with SBTech, as key to its growth.He said: “Internet sports betting in New Jersey drove exceptional growth of gross operator revenue in the last quarter of 2018 with a significant positive impact on casino revenues from cross-selling casino games to sports gamblers.”Despite the positive figures, shares in GAN plc were trading down 4.67% at 53.0p per share on Thursday afternoon.Under the terms of its deal with SBTech, GAN integrates its GameSTACK enterprise software platform with SBTech’s sports betting solution.GAN last week announced it had expanded its partnership with FanDuel to also include online casino and player account management solution for online wagering in West Virginia and Pennslyvania.It also powers the newly-opened Ocean Resort Casino’s iGaming offering in New Jersey.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 in 2019.The supplier has also carved out a strong position in Italy, noting that it now services 45% of the regulated online casino market in the country after signing a deal with Goldbet in November 2018. Topics: Financelast_img read more

See More

iGB Diary: Delving into the past and dispelling dire predictions

first_img Topics: Legal & compliance Lottery People iGB Diary 8th March 2019 | By Joanne Christie Tags: Online Gambling This week we dig deep into the real and fictional pasts of those in the news of late, applaud a politician who can see past the lottery monopoly agenda and consider the FT’s message of doom for the industry …or just a fictional life Speaking of interesting pasts, how about modelling for stock photo images? Oh hang on, actually the chairman of Kaishi Entertainment wasn’t once a model for stock photos, the company just used a stock photo instead of putting up an actual picture of him. The ruse was uncovered by a number of Australian football fans, one of which helpfully tweeted the same picture being displayed on an article by Forbes about changing careers. Fans had been digging around after the company was announced as the sponsor for Australian A-League football club Melbourne Victory in the Asian Champions League. It was also uncovered that Kaishi Entertainment’s general manager Yi Jing Chen had been pictured promoting online betting brand KashBet, a link that if proven, put the shirt sponsorship outside Asian Football Confederation guidelines. Kaishi denied any involvement with KashBet but the team played its first game in away shirts after dropping the sponsor. The club later put out a statement that said it would not be entering into any agreement with Kaishi. In the statement it thanked the AFC and the Football Federation Australia but we think perhaps it should have been thanking fans for doing its due diligence.Lobby group enjoys luck of the Irish Finally, a politician who can see past the claims from monopoly lottery operators that lottery betting is harming good causes. This week Irish finance minister Paschal Donohoe responded to a parliamentary question stating there did not appear to be, “any evidence of a significant impact on the national lottery arising from online lottery betting at present”. It’s true of course, but it was also true in the UK and that didn’t stop Camelot getting its way and convincing the DCMS to ban EuroMillions betting last year. Perhaps as a finance bod Donohoe couldn’t overlook the real figures in the same way Premier Lotteries Ireland did when it blamed lottery betting for a fall in funds going to good causes back in December. The relatively newly formed European Lotto Betting Association hailed Donohoe’s comments as a win and given the body’s first real fight as a collective has been in Ireland, where it has been lobbying hard, it’s certainly a good sign. Then again, the DCMS had also acknowledged there was no “current” evidence of an impact on good causes from EuroMillions betting and banned it merely due to the “potential threat” so perhaps Lottoland, myLotto24, et al, aren’t quite out of the woods yet.Is the party over? When we saw the headline of an FT article earlier this week that read, ‘The party is over for online gambling’, we immediately clicked on the link, keen to see what development had prompted the dire assertion. Had there been an unpredicted government bill tabled? Had the Prime Minister come out with a declaration of war on the bookies in a bid to distract the country from the fact she keeps saying she’s proposing a new Brexit deal that’s actually the same as the previous one? Nope. It turns out it was all hinged on the fact that Labour MP Tom Watson had called for the 2005 Gambling Act to be overhauled. We’re somewhat surprised that the FT hasn’t noticed that the Labour Party is so far from getting into power that it really doesn’t much matter what one Labour MP is calling for. There was a whole bunch of comment about how scandalous the industry is but nothing else to indicate industry execs should be polishing their CVs just yet. That’s it for this week. See you next week. Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img iGB Diary: Delving into the past and dispelling dire predictions iGB Diary Email Address Regions: Asia Europe US Happy Friday igamers! This week we dig deep into the real and fictional pasts of those in the news of late, applaud a politician who can see past the lottery monopoly agenda and consider the FT’s message of doom for the industry.In a former life… News that Nolan Bushnell has taken over as chief executive of Global Gaming (no, not that one), a blockchain gaming investment vehicle, raised the Diary’s eyebrows earlier this week. Bushnell, of course, was founder of Atari, the games publisher that caused children in the eighties to fixate on a slow-moving white square in Pong. Upon further digging, it turns out that Bushnell also founded Chuck E Cheese’s Pizza Time Theatre, that chain of fondly-remembered (by Americans, at least) combo of fast food, arcade games and terrifying singing animatronics. This got the Diary thinking: what other industry executives have interesting past jobs on their CVs? Of course, there’s Mr Green founder and erstwhile CEO Mikael Pawlo, who started out making music videos with 3D graphics before starting the Swedish success story. And who could forget Ron Hoffman, chief exec of Playtech’s finance division TradeTech? Also keyboard player and vocalist of rock band Synergia, who are worth a listen if early-noughties metal is your kind of thing. Who else? Get in touch and let us know. We’ll feature the best in next week’s Diary if we remember.Synergia, for reference: https://www.youtube.com/watch?v=Nc6TeXCxklIlast_img read more

See More

Ignite The Night by Relax Gaming

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Ignite the Night is the new slot title from Relax Gaming, which guarantees to provide blissful warm summer evening on our beatuiful beach in the middle of the Caribbean sea. In this game, you can randomly trigger a multiplier on each symbol, offering up to 50x your original win value to a total of 5634.9x bet. Subscribe to the iGaming newsletter Companies: Relax Gaming Ignite The Night by Relax Gaming Ignite the Night is the new slot title from Relax Gaming, which guarantees to provide blissful warm summer evening on our beatuiful beach in the middle of the Caribbean sea. In this game, you can randomly trigger a multiplier on each symbol, offering up to 50x your original win value to a total of 5634.9x bet. Topics: Casino & games Slots You can download the First Look Games affiliate pack for this game here! Email Address 11th June 2019 | By Aaron Noylast_img read more

See More

Nasdaq strikes platform supply deal with Football Index

first_img Topics: Sports betting Tech & innovation Nasdaq strikes platform supply deal with Football Index Sports betting 23rd July 2019 | By Daniel O’Boyle Tags: Online Gambling US financial services giant Nasdaq Inc has announced a deal with Football Index, to provide the player stock market with a trading engine allowing customers to buy and sell shares in professional footballers.Nasdaq will provide Football Index with a flexible, cloud-based trading solution that will allow users to trade stocks based on the expected future performance of football players.These customers receive dividends based on statistics such as goals, assists and clean sheets, with each player’s share price rising and falling based on supply and demand. Paul McKeown, senior vice president and head of marketplace operators and new markets at Nasdaq said that the deal is part of the company’s move into many areas outside of stock markets.“The concept of what a market is has radically evolved over the past few years, something that Nasdaq as an operator and builder of markets has played an important part of first-hand,” McKeown said.“We are focused on democratizing marketplace technology by offering essential components of matching engine technology traditionally used by financial markets, and bringing the capabilities to a cross-asset, cross-industry environment via the cloud,” he continued. “Football Index will use our matching engine technology to provide their clients with a platform to revolutionize how fixed-odds betting operates.”Football Index founder and chief executive Adam Cole described Nasdaq as a “legendary brand”.“We’re very proud and excited to work with them to provide our order matching service, which is the powerhouse of any exchange,” he said. “Football Index has come a very long way in a short period of time. Our relationship with Nasdaq is another major step in our journey to establish Football Index as a world-class exchange, worthy of the world’s top footballers that are traded on it.”center_img US financial services giant Nasdaq Inc has announced a deal with Football Index, to provide the “player stock market” with a trading engine allowing customers to buy and sell shares in professional footballers. Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

See More

Veikkaus revenue declines amid questions over future

first_img Regions: Europe Nordics Finland Amid questions about the future of its status as Finland’s gaming monopoly, Veikkaus’s turnover, revenue and profits dipped slightly in the first half of 2019, as the company introduced stricter responsible gaming controls and saw lower turnover in almost every vertical. Subscribe to the iGaming newsletter 5th September 2019 | By Daniel O’Boyle Topics: Casino & games Finance Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling Amid questions about the future of its status as Finland’s gaming monopoly, Veikkaus’s turnover, revenues and profits dipped slightly for H1 of 2019 as the company introduced greater responsible gaming controls and saw lower turnover in almost every vertical.Veikkaus’ president and chief executive Olli Sarekoski said the company was aware of questions over its status ⁠— with a majority of Finns in favour of ending Veikkaus’s monopoly status ⁠— and that the company took responsible gambling seriously.“Veikkaus has been subject to heated public debate at the end of the summer,” Sarekoski said. “Many people are wondering how the altered atmosphere will affect the conditions of the company’s future operations and the Finnish gaming system.“Unfortunately, gaming always involves problems that cannot be done away with in any system. We take all detriments associated with gaming extremely seriously. Responsibility and reliable games are the foundation of our operations. We monitor the development of gaming related harms regularly, and we work hard to fight problem gambling.”Turnover for the six months to 30 June declined in every sector except for Lotto Finland ⁠— where consecutive rollovers led to multiple record jackpots culminating in a €15.5m jackpot in February, causing turnover in that vertical to increase from €174m to €187.5m ⁠— and fast-paced raffle games, where turnover increased from €3.3m to €3.9m.However, the lottery sector as a whole still posted a decline in turnover from €672m to €630.2m. Eurojackpot, previously the company’s second-largest product in terms of turnover, fell 25.0% to €119.5m, due to a lack of high jackpots compared to 2018, when a €90m jackpot was won in Finland. Keno turnover declined 2.6% to €152.1m, while Vikinglotto turnover declined 15.7% to €33.3m.Casino game turnover declined 3.7% year-on-year to €507.2m, which was largely down to a 2.4% drop in slot turnoverto €404.6m. Table game turnover fell 10.6% to €18.9m and with other digital casino games reporting an 8.8% decline to €83.7m.Sports betting, meanwhile, saw turnover drop 7.6% to €359.0m, with fixed-odds betting down 8.3% to €172.9m, and in-play down 10.4% to €52.5m.Sarekoski said that rather than being a source of disappointment, the company’s decline in turnover showed that its new responsible gaming controls were working as intended.“The loss and money transfer limits that were introduced last year in the digital channel have proved to prevent problem gambling as desired. Gambling that involves the biggest risks seems to have decreased most significantly, as the limits are most often hit by players who play the most and players who play casino games in the digital channel, eInstants, and eBingo.”Veikkaus paid out €652.1m in winnings, leaving revenue of €844.3m, down 3.5% year-on-year.The company paid €101.1m in tax, while operating expenses totalled €241.1m. Sales commissions and fees were the company’s largest expense at €79.8m, down 5.1% from last year. All other expenses for goods and services also declined, including a 44.3% decline in marketing expenses to €6.1m. Salary expenses dipped slightly to €42.9m, though these were offset by a 23.3% increase in other staff costs to €1.8m.Costs of purchases of services declined 12.1% to €30.9m,  depreciation, amortization and impairment costs fell 2.7% to €24.5, while other operating expenses fell from €37.7m to €32.4m. This left a net profit of €501.4m, down 0.8% year-on-year.Without large Lotto Finland jackpots to boost the lottery vertical, group turnover declined 7.6% to €722.5m in the second quarter of 2019, to 30 June.Turnover declined for the lottery vertical, to €298.4m, and casino (down 3.6% to €249.6m), while betting turnover fell 6.1% to €174.5m.After winnings were paid out, Veikkaus posted revenue of €405.5m for Q2 after expenses also declined, including a 16% decline in goods and services expenses to €49.5m and a slashing of marketing costs – with non-lottery advertising shut down in August – from €6.3m to €1.8m. Net profit for the quarter was €239.9m, down 3.8% from the prior year. Veikkaus revenue declines amid questions over future Email Address Casino & gameslast_img read more

See More

Zeal Networks cleared for German return

first_img Topics: Lottery AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter German lottery provider Zeal Networks will move its registered office from London back to Germany following the company’s acquisition of Lotto24.A company representative told iGaming Business that the move would lead to some job losses from the company’s currently UK-based staff.Following the acquisition of Lotto24, the company announced it would reduce the number of employees from the original 350 to 271 in the Group, which has already been communicated to the employees concerned. The job losses will be shared between the company’s offices in the UK, Spain and Germany.The company said there will be further cuts in the future, with the ultimate goal of reducing total headcount to 200 by mid-2020, a target it said it is confident of hitting.The company’s Hamburg office — which will become Zeal’s registered office following the move — was already the company’s largest office, while the company did most of its business in Germany. With the Lotto24 takeover, the company plans to focus further on Germany and integrate the offices of the two businesses.99.9% of votes from the company’s shareholders, representing 70.5 percent of the voting capital, were in favour of the move to Germany.The company said it believes the cost synergies of integration should be around €45.6m in the first year and around €57m when the move is fully complete two years after the deal.“With the decision to relocate our registered office, we can now take the next formal steps to complete both the business model change from the secondary lottery business to the brokerage business permitted in Germany and the relocation of our registered office before the end of October of this year, ” Dr. Helmut Becker, CEO of ZEAL Network SE, said.“We would therefore like to thank our shareholders, who have once again supported us on our way to reunite with Lotto24.” 26th September 2019 | By Daniel O’Boyle Lottery Email Address Regions: Europe UK & Ireland Central and Eastern Europe Germany Subscribe to the iGaming newsletter Zeal Networks cleared for German returnlast_img read more

See More

Italy iGaming Dashboard – February 2020

first_img Italy’s regulated igaming market has kicked off the new decade with a record-breaking monthly total for January 2020, aided by strong growth across a number of key verticals Casino & games 12th February 2020 | By contenteditor Tags: Card Rooms and Poker Mobile Online Gambling OTB and Betting Shops Regions: Europe Southern Europe Italy Italy iGaming Dashboard – February 2020 Subscribe to the iGaming newsletter Italy’s regulated igaming market has kicked off the new decade with a record-breaking monthly total for January 2020, aided by strong growth across a number of key verticals.Total online revenue for the month came in at €194.3m, a 31.0% year-on-year increase, and an 0.7% advance on the previous monthly revenue record of €192.9m, set in December 2019.Sports betting was the best performing online vertical in January, accounting for €95.2m (49.0%) of the market total, up 64.1% from January 2019. Bet365 continues to lead the market, accounting for 15.8% of online betting revenue, with Playtech-owned Snai remaining ahead of SKS365’s PlanetWin365 in second place, on 12.9%.PlanetWin365 appears to have peaked in October 2019, when market share of 14.2% saw it just 0.6% percentage points behind Bet365. Since then, however, it has steadily declined, though January’s market share of 12.2% represented an 0.2% improvement from December 2019.The month also saw PokerStars break into the Top 10 remote sports betting operators for the first time, accounting for 2.1% of revenues flowing through dot.it platforms in the period.Retail betting’s contribution, meanwhile, also grew strongly, coming in at €116.7m – almost double the prior year’s €66.5m. However, a month-over-month decline in retail revenue saw sports betting’s total across all channels decline 2.0% sequentially, to €212.0m.Across both channels, Goldbet is Italy’s market leader, having generated 15.5% of revenue for the first month of 2020. Snai followed closely in second, on 15.1%, with GVC Holdings’ Eurobet coming in third on 13.3%.Turning to online casino, revenue was down sequentially at €81.8m, though this represented a 13.8% improvement on January 2019’s €71.9m. The Stars Group’s PokerStars led the market over the month with a 10.1% share, giving it a significant lead over second-placed Sisal, with 8.5%.While poker cash games (€7.6m) and tournaments (€5.7m) were both down year-over-year, a few months of sequential growth suggest each vertical is recovering following a difficult year. PokerStars by far leads the way in both markets, accounting for 43.8% of cash game revenue, and 58.1% of tournament revenue in January. Scroll down to see the full interactive datasets.All data and figures are processed by leading European corporate advisory firm Ficom Leisure, a specialist in all segments of the betting and gaming sector.Ficom Leisure also provides monthly figures on the New Jersey online market in the New Jersey iGaming Dashboard, Pennsylvania in the Pennsylvania iGaming Dashboard, Indiana in the Indiana iGaming Dashboard and Iowa in the Iowa iGaming Dashboard, all of which are available on iGB North America. It also provides quarterly figures on the Spanish online market in the Spain iGaming Dashboard, on the Danish market in the Denmark iGaming Dashboard, and on the Portuguese market in the Portugal iGaming Dashboard. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Finance Sports betting Poker Email Addresslast_img read more

See More

Gamban partners with Lloyds Banking Group

first_imgTech & innovation Gamban partners with Lloyds Banking Group 17th February 2020 | By Daniel O’Boyle Gambling self-exclusion software provider Gamban have partnered with Lloyds Banking Group – owner of British high street banks Halifax, Lloyds and Bank of Scotland – that will allow customers access to its site blocking software. Gambling self-exclusion software provider Gamban have partnered with Lloyds Banking Group – owner of British high street banks Halifax, Lloyds and Bank of Scotland – that will allow customers access to its site blocking software.Through the partnership, customers of any Lloyds Banking Group app can use Gamban to exclude themselves from gambling websites free of charge.“We know that gambling-related harm can have serious and long term impacts on our customers and we are committed to making sure they can easily access a wide range of support,” Elyn Corfield, managing director for consumer finance at Lloyds said.This comes in addition to the Gambling Transaction Freeze feature Lloyds Banking Group have already introduced, which allow customers to block all gambling-related payments.“In addition to our card controls that allow the freezing of gambling transactions we are delighted to have developed a pilot with Gamban offering our customers three months free access to their software, providing another level of protection,” Corfield said.Jack Symons, founder of Gamban, said he was pleased to see banks take action against gambling-related harm.“It’s very positive to see forward-thinking banking institutions such as Lloyds Banking Group rise to the challenge of protecting vulnerable customers from gambling addiction through barriers such as spend control and collaboration with market-leading gambling-blocking technology, Gamban,” Symons said.Several British banks have made moves to limit introduce gambling controls recently, as a cross-sector approach to gambling-related harm has become more prevalent. Starling Bank launched gambling blocks in June 2018, with Monzo following later in the year and Barclays as the first high street institution in December 2018. Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Tech & innovation Regions: UK & Ireland Subscribe to the iGaming newsletter Tags: Paymentslast_img read more

See More

ALT Lightning Talk – Part 2

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tech & innovation ALT Lightning Talk – Part 2 In the second part of our Lightning Talk video series with Erwin Dickman, marketing manager at Asia Live Tech, we discuss the way forward for both land-based and online businesses.Dickman gives us his insight into the potential challenges of bringing land-based casinos online, as well as how to manage expectations for what the results may be and what countries will benefit most from the transition.He also explains why resting on your laurels is no longer an option in the face of the current global pandemic, and how this could herald a new age for the entire gambling industry. Topics: Tech & innovationcenter_img Subscribe to the iGaming newsletter 10th August 2020 | By Josephine Watson Email Addresslast_img read more

See More