Golden Chip Roulette by Yggdrasil

first_img Subscribe to the iGaming newsletter Casino & games Yggdrasil’s spin on the classic roulette game is here and it’s bringing some incredible innovations. Golden Chip Roulette introduces a unique Golden Chip feature where every chip placed as a Straight Bet gets a random multiplier of up to x500!The game also brings a betting-favourite to the table, the roulette Racetrack with French Bets. This enables quick and easy group bets on the wheel and is often sought out by keen players.Experience the thrill of a Golden Chip Spin, try it out today! AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Golden Chip Roulette by Yggdrasil Yggdrasil’s spin on the classic roulette game is here and it’s bringing some incredible innovations.center_img 15th October 2019 | By Aaron Noy Email Address Topics: Casino & games Slots Companies: Yggdrasillast_img read more

Betting and Gaming Council unveils new ‘cooling-off’ measures for LBOs

first_img Regions: UK & Ireland The Betting and Gaming Council (BGC), the new representative body for the UK gambling industry, has announced new measures to help identify and reduce potential problem gambling in licensed betting offices (LBOs).Among the new measures is the Anonymous Player Awareness System (APAS), a real-time algorithm that will run on gaming machines in shops, identifying areas of player behaviour that could indicate harmful play.Such behaviour will trigger an alert on-screen and force the player to take an in-play break from the game. In addition, staff will be alerted to the situation, which will allow for responsible gambling interactions (RGI) as and when appropriate.The BGC said APAS forms part of the delivery of the ‘protecting and empowering customers’ work in the ‘Safer Gambling Commitments’, a new initiative unveiled last week.“The Betting and Gaming Council has as its mission statement raising standards and this technology will create an environment that promotes safer play,” BGC chairman Brigid Simmonds commented.BGC interim chief executive Wes Himes added: “I see this as an opportunity to champion the highest standards and share best practice on safe betting and gaming, and we hope these new measures are a sign of intent.“I’m convinced that this approach can help restore public trust, and I look forward to working on further safer betting and gaming initiatives across our industry.”First announced in July, the BGC officially launched last week, replacing the now-wound up Remote Gambling Association and Association of British Bookmakers.Upon launching, the BGC announced that £10m (€11.7m/$12.8m) of funding would be provided for a national education programme designed and delivered by the charities GamCare and YGam. The initiative will run for years and target children and young people.The initiative forms part of the wider Safer Gambling Commitments, which has been designed to support the GB Gambling Commission’s National Strategy to Reduce Gambling Harms.Aspers, bet365, Caesars, Flutter Entertainment (Paddy Power Betfair), Genting, GVC (Ladbrokes and Coral), Playtech, Rank Group, Sky Betting & Gaming and William Hill are among the operators to have signed up to support the scheme. 13th November 2019 | By contenteditor The Betting and Gaming Council (BGC), the new representative body for the UK gambling industry, has announced new measures to help identify and reduce potential problem gambling in licensed betting offices (LBOs). AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Betting and Gaming Council unveils new ‘cooling-off’ measures for LBOs Topics: Legal & compliance Legal & compliance Tags: OTB and Betting Shops Subscribe to the iGaming newsletter Email Addresslast_img read more

ARC buys Nottingham Greyhound Stadium

first_img Email Address ARC buys Nottingham Greyhound Stadium UK racecourse operator the Arena Racing Company (ARC) has purchased the Nottingham Greyhound Stadium, a member of the  British Afternoon Greyhound Service (BAGS) and the home of the English Greyhound Derby. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter UK racecourse operator the Arena Racing Company (ARC) has purchased the Nottingham Greyhound Stadium, a member of the  British Afternoon Greyhound Service (BAGS) and the home of the English Greyhound Derby.The racecourse will be the fifth greyhound stadium operated by ARC. The business also owns tracks in Belle Vue in Manchester, Newcastle, Sunderland and Perry Barr in Birmingham.The racecourse includes a 437m track and hosts 154 racing fixtures per year. In 2019,  the track was chosen as the new venue for the English Greyhound Derby, the flagship event in UK greyhound racing, replacing Towcester.“We are very pleased to bring Nottingham into the ARC group, further demonstrating our commitment to British Greyhound Racing,” ARC racing division managing director Mark Spincer said. “As the home of the Greyhound Derby and a stalwart of the BAGS broadcast service, Nottingham is a popular venue that fits incredibly well into our group.”Nottingham Greyhound Stadium was owned by Nottingham Greyhound Stadium Ltd, a company directed by brother and sister Rachel and Nathan Corden, whose father Terry previously operated the track. Following the purchase, Rachel Corden will also become ARC Greyhound Operations Director, overseeing the business and commercial operations of the ARC’s five greyhound stadia.“Given Rachel’s extensive experience in the greyhound racing industry, we couldn’t be happier to appoint her Greyhound Operations Director within our Racing Division” Spincer said. “I am sure that her years of experience of running Nottingham, and of British Greyhound racing in general will be of huge benefit to ARC as our commitment to the sport continues to grow.”Spincer was appointed managing director of ARC’s racing division in January, having previously been group operations director, but also spent time as executive director of both Newcastle and Doncaster Racecourses.Corden said she believed ARC showed a great commitment to British greyhound racing and was optimistic about the future of the sector within ARC.“ARC is a really progressive company who are committed to British greyhound racing, so I’m delighted that they have acquired ownership of Nottingham,” Corden said. “I am really looking forward to taking up my new role as operations director for ARC’s five greyhound stadia and to working with Mark Spincer and the established teams at all ARC’s greyhound stadia.“Nottingham stadium has been in my family for many decades and we have always been brilliantly served by a wonderful team of staff, trainers, owners and sponsors. I would like to give huge thanks to the whole team at Nottingham for their loyalty and excellent work over the many years and I look forward to continuing to work with them all moving forward.”Last week, ARC also appointed Bradley Hunt as chief finance officer and Alex Slade as general counsel, both new roles at ARC. Hunt is currently finance director at loyalty and customer engagement business the Collinson Group. Slade will join ARC from Eleven Sports Network where he is currently head of legal.“The appointments of Bradley and Alex represent a significant step forward for ARC as an organisation, as we position ourselves for sustainable, long term growth,” ARC chief executive Martin Cruddace said. “They will both bring significant strengths and experience to our senior management team, which will be of huge benefit across all areas of the company. “We are always striving to approach future challenges head on and these recent appointments, along with the now complete restructure, will allow us to do this.” Finance Topics: Finance Sports betting Horse racing Tags: Race Track and Racino Regions: UK & Ireland Subscribe to the iGaming newsletter 24th February 2020 | By Daniel O’Boylelast_img read more

Webinar: The Evolution of Virtual Sports Betting

first_img18th March 2020 | By Uncategorized Over the last 10 years, virtual sports betting has evolved from a niche ‘add on’ for sportsbook operators into a valuable part of their ‘always on’ betting operations. In this webinar we explore the ins and outs of virtual sports betting and the revenue streams it can deliver for your business. Topics: Uncategorized From a niche market to a multi-million business Dimensions of business growth From the data to the product – a brief insight Customization & localization Event length & availability Over the last 10 years, virtual sports betting has evolved from a niche ‘add on’ for sportsbook operators into a valuable part of their ‘always on’ betting operations.This change has been driven forward by a consumer demand for more – more innovation to suit advancing technology, more realistic game play, and more choice of games on offer and competitors available – which has created a buoyant global market place. In this webinar we explore the ins and outs of virtual sports betting and the revenue streams it can deliver for your business.Sportradar’s Frank Wenzig, Managing Director of Gaming, offers an in depth analysis of how the market has developed, the current opportunities for growth and the products available to drive consumer engagement. The webinar will cover:center_img Subscribe to the iGaming newsletter Webinar: The Evolution of Virtual Sports Betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

Sea of Spins by Evoplay Entertainment

first_img Subscribe to the iGaming newsletter Email Address Sea of Spins by Evoplay Entertainment AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 23rd June 2020 | By Aaron Noy The Caribbean Sea is said to be full of spins! Our ship, guided by a young and brave Captain Lady Fortuna, is setting sail for the Caribbean Sea to stake her claim for the territory. But her journey could be interrupted by Morgan the Undead, Samuel Soaring, and Jonathan Sticky in a monstrous bid to capsize the quest. The Caribbean Sea is said to be relentless, but together with Lady Fortuna, nothing can stop us from sailing into the sunset for a chance to win big! Casino & games The Caribbean Sea is said to be full of spins!Our ship, guided by a young and brave Captain Lady Fortuna, is setting sail for the Caribbean Sea to stake her claim for the territory.But her journey could be interrupted by Morgan the Undead, Samuel Soaring, and Jonathan Sticky in a monstrous bid to capsize the quest. The Caribbean Sea is said to be relentless, but together with Lady Fortuna, nothing can stop us from sailing into the sunset for a chance to win big!You can play a demo of this slot here!You can learn more about Evoplay Entertainment here! Topics: Casino & games Slotslast_img read more

Sazka completes deal for Novomatic’s Casinos Austria stake

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Pan-European lottery and sports betting giant Sazka Group has completed its acquisition of a 17.19% stake in Casinos Austria previously held by Novomatic Group.First announced on 10 December 2019, the agreement brought an end to three years of the businesses managing Casinos Austria through “a partnership of equals”.This sees Sazka increase its stake in the business to 55.48%.“Together with our fellow shareholders, we are looking forward to increasing the value of Casinos Austria – a treasured national brand – for the benefit of customers, employees, and most importantly of all, Austrian society,” Sazka chief executive Robert Chvatal said.When the deal was announced, Sazka and Novomatic admitted that the joint control had not led to significant growth for the business, and that it would be better served by a single leading shareholder. As Novomatic had a smaller stake, it agreed to sell this to Sazka.This was followed by an agreement between Sazka and Österreichische Beteiligungs AG (ÖBAG), the body responsible for managing the Austrian state’s investment activities, to jointly manage Casinos Austria in March this year.ÖBAG, which holds a 33.20% stake in the operator, had come under pressure from the Social Democratic Party of Austria (SPÖ) to exercise its right of first refusal over Novomatic’s stake, rather than allow it to be acquired by a foreign business. Instead, ÖBAG waived these rights.In connection with this transaction, Sazka has entered and drawn €105m in secure financing via its CAME Holding subsidiary. Email Address Pan-European lottery and sports betting giant Sazka Group has completed its acquisition of a 17.19% stake in Casinos Austria previously held by Novomatic Group. Regions: Europe Western Europe Austria Casino & gamescenter_img Subscribe to the iGaming newsletter 26th June 2020 | By contenteditor Topics: Casino & games Strategy Sazka completes deal for Novomatic’s Casinos Austria stakelast_img read more

Net Gaming rebrands as Acroud AB

first_img iGaming affiliate Net Gaming AB has changed its name to Acroud AB, as part a number of a broader strategy updates taking place since Robert Andersson took over as CEO in February this year.Former Catena Media chief Andersson was brought in following a decline in year-on-year revenue and profits in 2019, in an attempt to refocus the business and return it to growth.Revenue continued to decline into Q1 2020, with the company reporting a 21.3% drop for the three months  to 31 March 2020. However, Andersson said at the time that a refocused business had sufficient untapped potential to grow from Q2 onwards.The name change was announced alongside the company’s new manifesto, which sets out its approach to doing business.In line with its new business strategy, the manifesto claims that the business is “adapting and [is] here to disrupt and claim what hasn’t been claimed.”Commenting on the announcement, Andersson said: “I am proud to work with so many talented employees as we now take a real step towards creating strong growth in an international and highly expansive industry.”The company aims to return to growth through the provision of high quality comparison sites to its customers.It will focus on a few key markets, growing its websites organically through user engagement and launches into new verticals while enhancing its technological capabilities. Tags: Mobile Online Gambling Net Gaming rebrands as Acroud AB Casino & games Subscribe to the iGaming newsletter Topics: Casino & games Sports bettingcenter_img iGaming affiliate Net Gaming AB has changed its name to Acroud AB, as part a number of a broader strategy update taking place since Robert Andersson took over as CEO in February this year. 17th July 2020 | By Conor Mulheir Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

SkyCity reduces FY2020 guidance on Adelaide impairment

first_img20th August 2020 | By contenteditor New Zealand casino operator SkyCity Entertainment Group has revised its earnings forecasts for its fiscal year to 30 June, factoring in a higher than expected insurance payout and an NZ$161m (£79.6m/€88.4m/US$104.7m) impairment to the value of its casino in Adelaide, Australia.SkyCity said that its normalised earnings before interest, tax, deprecation and amortisation – adjusted to remove exceptional items to give an indication of a business’ underlying performance – and profit would now beat its earlier projections.This, SkyCity explained, was due to higher estimates for an insurance payout due to the business following a fire at the New Zealand International Convention Centre and Horizon Hotel in October 2019. The venue was under construction at the time, and is an extension of the existing SkyCity complex.The insurance payout means normalised EBITDA is expected to come in between $199m and $202m, above its initial guidance of between $185m and $205m. Normalised net profit after tax, meanwhile, is now projected in the range of $65m and $67m, compared to a prior estimate of $52m and $67m.However, reported earnings will be offset by a $161m impairment charge of SkyCity’s Adelaide Casino’s book value. This will be made against the intangible asset value of the venue’s casino licence.The operator explained that it had written down the value of the licence due to the time it will take to achieve its long-term potential earnings, which have been reduced by a project to expand the property. This was then exacerbated by the ongoing impact of novel coronavirus (Covid-19), which shuttered the venue until 30 June.As such, reported EBITDA – including exceptional items – will fall in the range of $346m to $349m for the year to 30 June, down from the original estimate of between $440m to $480m.Reported net profit after tax is expected to come in between $234m and $236m, down from $330m and $360m.The exact value of the impairment remains subject further review by SkyCity’s board of directors and its auditor.The operator will release its financial results for the year on 3 September.Its flagship Auckland property is once again closed, from 12 August, following the enforcement of a local lockdown in the city. Earlier this week it said the property will remain closed to visitors until 26 August.Its venues in Hamilton and Queenstown remain open, though with Alert Level 2 in place, will be limited to a maximum of 100 patrons. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Regions: Oceania Australia New Zealand Casino & gamescenter_img Topics: Casino & games Finance New Zealand casino operator SkyCity Entertainment Group has revised its earnings forecasts for its fiscal year to 30 June, factoring in a higher than expected insurance payout and an NZ$161m impairment to the value of its casino in Adelaide, Australia. SkyCity reduces FY2020 guidance on Adelaide impairment Email Addresslast_img read more

Australian advisory creates global RG and AML accreditation

first_img Australian advisory creates global RG and AML accreditation The commission also expressed concerns that poker machines would be exploited as a money laundering option for criminals. Subscribe to the iGaming newsletter 11th February 2021 | By Conor Mulheir Topics: Legal & compliance Social responsibility CSR Problem gambling Responsible gambling “The accreditation is a way for industry leaders to demonstrate they are meeting the highest standards of accountability and exceeding best practice in protecting their customers and their staff in cultivating a workplace culture of compliance and social responsibility.” As well as safeguarding corporate reputation and minimising the risks of gambling harm and financial crime, achieving accreditation would demonstrate an organisation’s commitment to responsible gambling culture, said Paul Newson, regulatory and gambling specialist at Senet. Newson said the certification would only be awarded to operators who could demonstrate the highest level of vigilance. The announcement follows a warning put out this month by the New South Wales Crime Commission, that the Australian economy could become a greater target for financial crime following its successful management of the novel coronavirus (Covid-19) pandemic. To increase young people’s awareness of the risks of gambling, the Office said it was developing resources for teachers and partnering with sporting teams via the Reclaim the Game initiative, to help educate people around sports betting promotion. “Our team has developed this accreditation based on our deep knowledge of the complexities and challenges in 2021 facing gambling operators committed to responsible gambling outcomes and staying a step ahead of criminal activity,” he added.center_img Australian gambling law, regulatory, and compliance advisory Senet has released a global compliance accreditation on gambling-related harm and money laundering for gaming operators. The government of New South Wales launched a consultation on a series of proposed changes to regulations on gaming machines in September last year, including that clubs and hotels would be required to actively identify and assist players displaying problem gambling behaviour, rather than taking action only following a specific request for help. Known as Senet Assure and Senet Assure Premium, the accreditations aim to protect gaming organisations and venues, their customers and communities, the advisory said. Tags: Senet Regions: Australia Responsible gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter A study published earlier this month by the New South Wales Office of Responsible Gambling showed that almost a third of 12-17 year-olds interviewed had participated in real-money gambling in the past 12 months. Email Addresslast_img read more

Paysafe announces post-merger board of directors

first_imgThe new board will consist of 11 directors with decades of industry experience. “We have assembled a best-in-class board of directors comprised of proven, high-calibre leaders with extremely relevant but diverse perspectives.” said Paysafe CEO Philip McHugh. Paysafe announces post-merger board of directors The remaining new members are Anthony Jabbour of business analytics providers Dun & Bradstreet and Black Knight; former Morgan Stanley Frankfurt chief executive Dagmar Kollmann and Blackstone managing director Jonathan Murphy. Payments provider Paysafe has announced its newly appointed board of directors following its merger with Foley Trasimene Acquisition Corporation. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 18th March 2021 | By Marese O’Hagan People Topics: Peoplecenter_img “I am very excited to work with the strong slate of directors upon merger completion.” added chairman William P. Foley. “Over the course of the last few months I have come to know Philip and the Paysafe team very well and am looking forward to continuing the journey, enhancing Paysafe’s growth trajectory through accelerated operational transformation and M&A.” Other board members include Jim Murren, who was CEO of MGM Resorts International from December 2008 until February 2020, and Hilary Stewart-Jones, a UK lawyer that has assisted gambling companies and associated businesses since 1995 and has worked at law firm Harris Hagan. Subscribe to the iGaming newsletter Email Address Tags: Paysafe The merger, announced in December 2020, has a combined entity value of £6.8bn ($9.0bn/€7.4bn). They join existing board members Philip McHugh, Matthew Bryant, Walter Macnee, Eli Nagler and Peter Rutland.last_img read more