Indiana sports bill amended to remove mobile wagering

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: US Indiana Subscribe to the iGaming newsletter Indiana’s House Public Policy Committee has approved a bill that would legalise sports betting in the state, though only after amending the legislation to remove language permitting mobile wagering. Indiana sports bill amended to remove mobile wagering Indiana’s House Public Policy Committee has approved a bill that would legalise sports betting in the state, though only after amending the legislation to remove language permitting mobile wagering.Senate Bill 552 passed the Committee by a unanimous vote of 12-0 and will now move forward to the House Ways and Means Committee for further discussions.However, the Public Policy Committee only gave its approval to the bill having made a series of amendments, including the removal of language that would have permitted mobile sports betting in Indiana.The Committee also agreed to remove a requirement for casinos in the state to use official league data for in-play wagering.In addition, the Committee agreed on an amendment whereby the riverboat casino in Gary, Indiana would need to pay a fee of $100m (£76.0m/€88.9m) in order to progress with its planned move onto land.Other measures in the bill remain unchanged, including casinos only being able to offer sports betting to punters who are at least 21-years-old. Wagering on e-sports and high school or youth sports events would also be prohibited under the bill.Senator Jon Ford of Terre Haute, who is co-sponsoring the bill with Senator Mark Messmer, said that tax revenue estimates for sports betting would be between $3m (£2.3m/€2.6m) and $18m per year.The Indianapolis Colts NFL American football team and Indianapolis Motor Speedway, which hosts the annual Indy 500 motor-racing event, are among the parties also backing the bill.Senate Bill 552 has already gained full approval in the Indiana Senate. In order for it to come into law in the current legislative session, it would need to pass the House, then be reapproved by the Senate, by April 29.Image: formulanone Tags: Mobile Online Gambling Topics: Legal & compliance Sports betting Email Address Legal & compliance 28th March 2019 | By contenteditorlast_img read more

SKS365 establishes board to oversee compliance efforts

first_img30th July 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Southern Europe Italy People Tags: Online Gambling SKS365 establishes board to oversee compliance efforts Topics: People Sports betting Strategy Planetwin365 operator SKS365 has moved to enhance its legal, compliance and anti-money laundering measures by establishing a new supervisory board to oversee its efforts. Email Address Subscribe to the iGaming newsletter Planetwin365 operator SKS365 has moved to enhance its legal, compliance and anti-money laundering (AML) measures by establishing a new supervisory board.Comprising four senior members, the supervisory board will now work with the operator’s legal, compliance and AML department, assuming responsibility for independent control, audit and risk management tasks across the business.The board’s other responsibilities will include overseeing the security of IT networks and cashflow, as well as working to develop the operator’s internal control systems.Massimo Ignesti, an international expert on security and terrorism financing, will serve as chairman of the board, with legal scholar Professor Ranieri Razzante to act as deputy chair.Barrister Antonio Conte will also take a place on the supervisory board, as will cybersecurity expert and current president of the Cyber Security Commission of the Italian Atlantic Committee, Stefano Mele.“We keep investing in compliance, risk management and internal controls,” SKY365 Italian country manager and chief marketing officer Francesco Gaziano said. “In fact, we believe that compliance is a competitive lever and creates value by improving reputation, enhancing transparency, and reducing operational risk for the benefit of our customers and employees.“For SKS365 it is essential that we offer to our customers a safe, fair and open environment where they can enjoy our entertaining product and share our passion for sports.”The move marks the latest change to SKS365’s management structure, with the operator in January handing additional responsibilities to four senior managers following the departure of a trio of executives, including chief executive Ian McLoughlin.Chief marketing officer Gaziano, chief product and technology officer Jim Parkins, chief people officer Brian Dean and chief commercial officer Troy Cox have taken on additional responsibilities.In April, SKS365 also appointed Luca Grisci as its new director of retail as part of an effort to enhance its land-based operations, while the operator this month named former politician Maurizio Bernardo as its new senior strategic advisor for its core Italian market.last_img read more

Webinar: Responsible advertising or no advertising at all – what’s the future?

first_img Subscribe to the iGaming newsletter Email Address The sixth episode of our Responsible Gambling webinar series discussing responsible advertising took place on Wednesday 8th January 2020. Topics: Uncategorized In this webinar, our expert speakers will discuss:  Uncategorizedcenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 4th October 2019 | By What can be learned from how other industries have evolved to not target vulnerable customers and minors? When these advertising restrictions and blocks fail to be passed on to affiliates, exposing self-excluded players to gambling ads, what is the root cause? How can operators better manage their relationship with affiliates to avoid breaches? Will the advertising backlash and subsequent cancelling of gambling content in ads (GVC, Svenska Spel) contribute significantly to safer gambling?Towards collaboration: How can advertising foster a better relationship with sport to produce content that is sustainable, considerate of RG, and sensitive to minors watching? Webinar: Responsible advertising or no advertising at all – what’s the future?last_img read more

IG Group projects flat H1 revenue as core markets struggle

first_img Tags: Binary Options and Forex Online Gambling Spread Betting Spread betting and contracts for difference (CFD) provider IG Group Holdings expects revenue for the first half of its 2020 financial year to match the prior year’s £250m (€296.4m/$328.5m) total, despite a year-on-year decline in revenue from core markets.Revenue for the six months to 30 November 2018 amounted to £251m, but IG Group said that period benefitted from two months of trading before new European Securities and Markets Authority (ESMA) product intervention measures came into effect.Revenue from core markets in the first six months of FY2020 is set to amount to £210m, down 6% decline from the prior year. IG Group said that it had improved the size and quality of its active client base in these territories during H1, however.On average, the core business served 78,500 over-the-counter leveraged clients per quarter in core markets during the first half, 4% more than the quarterly average of the second, third and fourth quarters of 2019.Elsewhere, IG Group said revenue for non-core and emerging markets is set to increase by £12m year-on-year to approximately £40m, driven by continued strong performance in Japan in particular.Its German subsidiary has also benefitted from the launch of the new turbo24s trading product, which has seen promising initial uptake, with around 700 clients signed up since its launch in mid-October.The provider is due to announce its full financial results for the six-month period on 21 January, 2020.When announcing its FY2019 results in July, IG Group reported a 16% year-on-year drop in revenue, primarily due to the impact of the new ESMA measures. Revenue during the 12 months through to 31 May, 2019 amounted to £479.6m, down from £569m in the same period in the previous year. IG Group projects flat H1 revenue as core markets struggle 5th December 2019 | By contenteditor Finance Email Addresscenter_img Topics: Finance Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Spread betting and contracts for difference (CFD) provider IG Group Holdings expects revenue for the first half of its 2020 financial year to match the prior year’s £250m (€296.4m/$328.5m) total, despite a year-on-year decline in revenue from core markets.last_img read more

Strong fourth quarter boosts Enlabs’ full-year figures

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Yet another record-breaking quarterly performance saw Baltic-facing igaming operator Enlabs end 2019 on a high, with Q4 revenue rising 25.3% year-on-year to €11.2m. Yet another record-breaking quarterly performance saw Baltic-facing igaming operator Enlabs end 2019 on a high, with Q4 revenue rising 25.3% year-on-year to €11.2m (£9.5m/$12.3m).This contributed to total revenue for 2019 climbing 29.4% to €39.6m. Growth for the year was largely driven by Enlab’s B2C igaming operations, which accounted for €36.4m of the full-year total, up 36.3% from 2018. This offset a 20.0% decline in media revenue – from Enlabs’ performance marketing arm – to €2.1m, and a 14.8% fall in B2B revenue to €1.1m.Revenue-related expenses for the year, comprising gaming taxes and cost of services, amounted to €10.9m, while operating expenses – including personnel, marketing and corporate development costs – grew to €17.2m. This left earnings before before interest, tax, depreciation and amortisation of €11.6m, up 25.0% year-on-year.After depreciation, finance-related costs and income tax, Enlabs’ full-year net profit stood at €9.4m, a 34.7% rise from 2018.For the fourth quarter, meanwhile, gaming accounted for €10.4m of the €11.2m quarterly total, while media and B2B revenue both saw their contributions drop.Revenue-related costs climbed to €3.2m, with operating costs growing to €4.8m, which left EBITDA of €3.2m. After finance-related costs and income taxes, net profit for the period amounted to €2.5m.Enlabs chief executive Robert Andersson said he would “never tire” of saying once again that the business had achieved the best quarter in its history, after a year in which new revenue records were set every three months.“Key to this growth were our casino products, and it was especially gratifying that Lithuania contributed so strongly to overall growth,” he explained.During the year regulated markets accounted for 94% of Enlabs’ revenue. It is active in Estonia, Lithuania, Latvia and Belarus, as well as maintaining bases in Malta and Sweden.However, Andersson added, betting margin for the year had been lower than expected. While he said this was an issue that appeared to have affected operators throughout the industry, this was “no excuse”.“It is our responsibility to secure the margins, and we will make sure to improve them substantially during the first quarter of 2020,” he said.Looking ahead, Enlabs is preparing to launch a new brand in the Latvian market, powered by its in-house gaming platform.“There, we will introduce a whole new concept that is aimed at a significantly different target audience than the Optibet brand,” Andersson said. “In addition, the new brand will be launched on our new platform, which has recently been certified in Latvia.“Obviously, bringing our new platform to our largest market is an important milestone for the company and a major step towards the goal of consolidating all our products on the platform in future.” Email Address Strong fourth quarter boosts Enlabs’ full-year figures Regions: Europe Baltics Central and Eastern Europe Estonia Latvia Lithuania Belarus Topics: Finance 30th January 2020 | By contenteditor Tags: Mobile Online Gambling Subscribe to the iGaming newsletter Financelast_img read more

Betfred owner purchases 3% stake in William Hill

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling OTB and Betting Shops Topics: Finance Betfred owner purchases 3% stake in William Hill Done Brothers (Cash Betting) Ltd, owner of gambling operator Betfred, has acquired a 3% stake in William Hill for an undisclosed sum.William Hill confirmed in market update that Betfred purchased 874,189,537 shares, which represents 3.03% of the group. When contacted about the share acquisition by iGB, neither William Hill nor Betfred commented on the purchase.The announcement comes after William Hill last month posted a loss of £32.7m  (€37.6m/$43.0m) for 2019, primarily due to efforts to mitigate the effects of the £2 fixed odds betting terminal (FOBT) stake cap.Shortly after publishing the results, William Hill has set out how it plans to grow into a “digitally led, internationally diverse business of scale”, with a focus on growing revenue, improving operational efficiency and scale, underpinned by a competitive customer offering and agile team.  9th March 2020 | By contenteditorcenter_img Subscribe to the iGaming newsletter Done Brothers (Cash Betting) Ltd, owner of the Betfred business, has acquired a 3% stake in William Hill for an undisclosed sum. Finance Email Addresslast_img read more

Upcoming webinar: RegTech – taking the FinTech approach to igaming compliance

first_imgUncategorized RegTech is often viewed as a sub-section of FinTech, one of the most exciting and rapidly developing industries. What constitutes RegTech, and how can these technologies benefit operators? Subscribe to the iGaming newsletter 6th April 2020 | By AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter RegTech is often viewed as a sub-section of FinTech, one of the most exciting and rapidly developing industries. What constitutes RegTech, and how can these technologies benefit operators?This webinar will look at the available technologies, how they are incorporating next-generation solutions and what this means for compliance.center_img Topics: Uncategorized Upcoming webinar: RegTech – taking the FinTech approach to igaming compliance Is RegTech just for compliance, or does it offer more in terms of maintaining best practices and standards? How can RegTech improve operators bottom lines? How do current RegTech solutions specifically address the unique needs and demands of the igaming market? Are operators prepared to hand over these intricate and demanding processes to third-party suppliers? What happens if they don’t? Email Addresslast_img read more

Lotto NZ begins NZ$25m project to overhaul online offering

first_img Email Address New Zealand’s national lottery Lotto NZ has begun a major upgrade of its MyLotto website and mobile app, designed to improve the performance of its digital products as its customers migrate online. Lotto NZ begins NZ$25m project to overhaul online offering Topics: Lottery Tech & innovation Lottery New Zealand’s national lottery Lotto NZ has begun a major upgrade of its MyLotto website and mobile app, designed to improve the performance of its digital products as its customers migrate online.The project, which is due to be completed by early 2021, began in 2019 and involves a NZ$25m (£12.5m/€13.8m/US$16.3m) investment in technology.Lotto NZ chief executive Chris Lyman explained that the overhaul was being carried out to ensure high quality of service for its online customer base, with its current, “ageing” website needing improved to meet higher demand.Since the country first went into lockdown in March, which saw the lottery’s retail outlets closed, online player numbers have increased 33%.“We have significantly more people buying tickets online now than ever before. Nearly 200,000 people have registered to play online since 25 March – to put this into perspective, this is the number of new online players we would expect over a two-year period, not four months,” Lyman said.“This week alone 32,000 people have registered to play online, with around half of those from the Auckland region.”Prior to March’s lockdown, 25% of Lotto NZ sales were online, compared to 75% in-store, but for the draw on 16 August, 40% of tickets were purchased online.“We sold around 2.5m tickets for last night’s draw, and over a million of those were online. This is the most tickets we have ever sold online,” Lyman added. “This slowed down our processing significantly, and unfortunately led to delays.”Lyman admitted that interim improvements made so far had caused some issues on the site, such as slow processing speeds and poor customer experience, for which he “sincerely apologised”.The project due to be completed in 2021 will ensure the back-end processes are more robust, and that the site can deal with higher traffic. This will then be followed by a complete replacement of the lottery’s gaming system in 2024.“The timing and costs are still being worked through, however this work will cover a full replacement of the back-end gaming system that supports MyLotto, and also includes our terminals in retail stores,” Lyman said.In July the lottery published its forecasts for the 12 months to 30 June, 2021. It expects sales for the period to decline 8.4%, though for online’s contribution to rise to NZD$418.3m. Subscribe to the iGaming newsletter 17th August 2020 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Oceania New Zealand Tags: Mobile Online Gamblinglast_img read more

Stats Perform signs up to new IBIA data standards

first_imgIn terms of reporting standards, data providers must carry out risk assessments for all events in which data is collected and must flag integrity issues to all parties in the data supply chain. In addition, a data supplier must make clear the source, accuracy and reliability of data, by making clear the method in which it was collected, such as whether it was collected in person or via a television broadcast. Stats Perform has become the first business to announce it will sign up to the International Betting Integrity Association (IBIA)’s new best practice standards for the collection of sporting event data. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The IBIA’s new standards – with the aim of ensuring high levels of accuracy and transparency – cover three main areas: personnel vetting and training, data collation processes and data integrity and reporting.  Stats Perform signs up to new IBIA data standards  Stats Perform chief betting officer Andrew Ashenden said the creation and implementation of global betting data standards was a major positive step for betting integrity. Sports integrity The data specialist said it would immediately apply to the IBIA’s audit process, led by testing agency and standards body eCOGRA, in order to secure a Data Standards Kitemark, which those who comply with the standards and pass the audit may display. “Implemented and monitored effectively, a global set of standards would contribute positively across the sports and betting industries from an integrity perspective,” Ashenden said. “At Stats Perform, we have a longstanding programme of investment in maintaining the strongest quality assurance and integrity processes across our data supply chain.  Topics: Social responsibility Sports betting Tech & innovation Sports integrity Online sports betting Sportsbook Under the standards, all data collection must be carried out by people aged 18 and above, whose identities have been verified, who have passed additional background checks and who have undergone live training that includes recognising and reporting integrity concerns.center_img Data providers must also be transparent to operators regarding the speed, latency and process of transmission for their data, and must store data for at least three years.  “Data is an incredibly important part of the sports integrity ecosystem,” Stats Perform’s global head of integrity Jake Marsh said. “At Stats Perform robust data quality and integrity is the fundamental priority and this is reflected in the investment in our data supply chain and in our consistent public advocacy for best practice standards in this sector.  “We look forward to working with the IBIA on best practices going forward and to demonstrate through the independent audit process how Stats Perform is going the extra mile to ensure the reliability and credibility of its data.” Tags: International Betting Integrity Association IBIA Stats Perform Sports Data Live sports betting Andrew Ashenden Jake Marsh “Our approach to data incorporates close collaboration with the sports and betting industries and we look forward to working with the IBIA and other stakeholders on best practices to help protect the future of integrity in sport and betting.” Stats Perform, an affiliate member of IBIA, quickly announced that it would contribute, arguing that collaboration was “vital” in the world of sporting integrity. Subscribe to the iGaming newsletter 27th October 2020 | By Daniel O’Boyle The IBIA’s standards came about after the association made a call in May for all parties involved in the sports betting data supply chain to contribute to developing the protocols. Email Addresslast_img read more

ATG adds daily fantasy games through Scout Gaming deal

first_imgScout Gaming is headquartered in Stockholm, Sweden with development and operations in Bergen, Norway, and Lviv, Ukraine and Malta. Its existing clients include Betsson Group, Bethard Group and Norsk Tipping. DFS 22nd February 2021 | By Richard Mulligan “We have watched this game format grow in popularity around the world and believe that Swedish customers will also appreciate this exciting product. With our almost 50-year legacy of offering pool games and recent expansion into sports betting we believe that we have primed for a successful rollout of daily fantasy sports to the Swedish sports audience.” The operators have agreed to jointly launch Scout Gaming’s DFS product on ATG.se with a soft launch aimed at the second quarter of 2021, followed by a wider marketing push in the third quarter, in time for the start of the 2021-22 seasons in Europe’s major football leagues. ATG adds daily fantasy games through Scout Gaming deal The addition of fantasy sports is the latest expansion of ATG’s range since Sweden’s 2019 re-regulation, and also marks the first time a major operator has launched Stockholm-listed Scout’s DFS product on the Swedish market. Topics: DFS “We try to constantly offer our customers exciting new experiences and are keen to add fantasy sports as, what we hope will be, a key vertical offering for ATG moving forward,” Christian Erlandsson, ATG’s head of sports betting, said. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Swedish gaming operator AB Trav och Galopp (ATG) is to offer daily fantasy sports games for the first time after partnering with Scout Gaming. Tags: ATG Scout Gaming Group Scout Gaming said the agreement is expected to have a moderate to high impact on its revenues from the second half of 2021 onwards. It cited figures suggesting ATG has the largest market share of Sweden’s total gaming market in 2019, engaging more than 1.3 million customers. “ATG has in a short time proven to be very agile in its expansion into new products. Therefore, it’s not a surprise that they now are first to seize the opportunity of being early mover in a fast-expanding trend within fantasy sports.” Subscribe to the iGaming newsletter “I’m very excited to have the privilege of launching our fantasy sports product on ATG.se, thus reaching a wider potential player base than ever before,” said Joakim Renman, Scout Gaming’s chief commercial officer. Regions: Sweden Email Addresslast_img read more