24 Aug
2021

Catena outlines US affiliate expansion plans

first_imgFinance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Catena outlines US affiliate expansion plans Subscribe to the iGaming newsletter Affiliate marketing giant Catena Media has targeted US dominance after enjoying a record-breaking start to 2018.New chief executive Per Hellberg said he has set his sights on taking the firm to “new heights” after it posted year-on-year financial growth in the first half. Hellberg, who took on the role in June, is positive about what he has seen so far at Catena and, reflecting on the first-half results, said he is optimistic about further growth. Revenue and EBITDA soar after busy period of acquisitions Topics: Finance Sports betting 13th August 2018 | By contenteditor Regions: Europe Nordics Sweden Revenue in the six months to June 30 amounted to €50m (£44.6m/$56.9m), up 65% on the corresponding period last year, while EBITDA also hiked 67% to €22.5m. However, a slight drop in EBITDA margin, attributed to higher operating expenses caused by US investment, has led to a drop in the company’s share price on the Stockholm Nasdaq. “The team and I are strongly motivated to take Catena Media to new heights,” Hellberg said.The company acquired New Jersey igaming affiliate BonusSeeker.com and Dreamworx Online, a company active in the sports, casino and financial services markets, during the period.Hellberg said the company is making “considerable investments [in the US], acquiring companies offering a strong foothold and recruiting exceptional talent”.He added: “Our US sites already have thousands of daily visitors and we are ready to provide quality leads to new operators.“With economies of scale resulting from these initiatives set to substantially increase our revenues in the long term, we are carefully taking into account the associated short-term decrease in margins. The results announcement comes on the back of further merger and acquisition activity at Catena, including the purchase of ASAP Italia of €16m just before the end of the first half. Other buys in the period included Australian stock market news and analysis website TheBull.com.au, specialist racing website GG.co.uk, and affiliate assets in both French sports betting website ParisSportifs.com and German financial lead generator BrokerDeal.de.last_img read more

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24 Aug
2021

Nascar plans gambling rules as betting launches at Dover

first_img Nascar plans gambling rules as betting launches at Dover Subscribe to the iGaming newsletter Topics: Legal & compliance Sports betting Strategy Horse racing 8th October 2018 | By contenteditor Regions: US Delaware Nascar president Steve Phelps has said that the North American stock car-racing series is likely to implement gambling rules from its 2019 season after the Dover International Speedway in Delaware launched legal, on-site betting. Punters were able to place wagers for the first time at the 85,000-capacity venue at the weekend during the Nascar ‘Tripleheader Weekend’.However, the move has raised questions over the relationship between gambling and Nascar. At present, the series does not prohibit its drivers or team members from betting on races. Phelps indicated that this is likely to change from the 2019 season and, according to the Associated Press, said the series is looking to add some form of gambling restrictions to its official rulebook. “I think for ‘19, we’ll have some rules that we’ll put in place,” Phelp. “For right now, there’ll be betting here. They have a kiosk here, you can bet inside. “We’ll study and see how that goes, but I think we’ll have some rules in place for sponsorship, for what betting looks like, and continue to see what happens in the landscape overall.” Delaware was the first state to legalise sports betting in the wake of the Supreme Court ruling on PASPA earlier this year. The state launched a regulated market just three weeks after the hearing. Phelps said the rule changes will fit in with Delaware’s pledge to protect sporting integrity, with restrictions likely on driver and team members betting on Nascar races. He said: “I imagine we’ll get there. The way the rulebook looks today, I think the teams and the drivers understand what it looks like today, and I think we’ll clarify for ‘19 with more specific language in it.” In September, sports betting revenue in Delaware more than doubled month-on-month to just under $16.8m (£12.9m/€14.6m), compared to $7.7m in August.Image: Michieliosios Tags: OTB and Betting Shops Race Track and Racino Horse racing AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Delaware track began taking legal sports wagers at the weekend Email Addresslast_img read more

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24 Aug
2021

Sky CEO calls for action on gambling advertising online

first_img10th December 2018 | By contenteditor Sky CEO calls for action on gambling advertising online Topics: Marketing & affiliates Sports betting Subscribe to the iGaming newsletter Stephen van Rooyen says regulators should focus on tackling prevalence of gambling ads online instead of TV Marketing & affiliates AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sky CEO Stephen van Rooyen has claimed the gambling industry’s plans for a ‘whistle to whistle’ ban on advertising during all sports broadcasts will do little to improve consumer protection standards. He said the move would simply shift advertising investment online, where there was less regulation and lower standards of customer protection.In an op ed for The Times newspaper, Van Rooyen (pictured) said the voluntary ban on advertising that is likely to be announced by Remote Gambling Association (RGA) members this week will have little impact on levels of gambling. He pointed out that the industry spends more than four times as much on online advertising as it does on TV ads.Last month a report by Regulus Partners revealed that TV advertising accounted for just 15% of the industry’s £1.56bn (€1.78bn/$1.99bn) ad spend in 2017, compared to the £747m invested online.Van Rooyen, formerly Sky’s chief marketing and digital officer, argued that the mooted ban would lead to further marketing spend simply switching from TV advertising, which is heavily regulated to protect minors, to online, where no such controls exist.“If the RGA and gambling companies are serious about protecting vulnerable gamblers, then they should start by looking at where they spend the most money, what has the least level of regulation and where there is most evidence of harm: the online world,” he writes.“If the RGA plan is implemented, then spend would simply shift even further online, with smartphones, tablets and computers targeted with even greater precision. This doesn’t feel like a good outcome for anyone except gambling firms and online tech platforms; the same platforms who by avoiding their tax commitments deny government the funds that society needs.”Van Rooyen called for politicians to look at advertising rules “in a more meaningful way and ensure that the same rules for advertising in the offline world apply online.”Sky has already committed to limiting the number of gambling ads to one per commercial break, from the start of the 2019-20 football season. The broadcaster will also roll out AdSmart technology to give customers the option to block gambling advertising from 2020.Online advertising is covered by the CAP Code, while TV advertising is regulated by the BCAP Code, both of which are administered by the Advertising Standards Authority (ASA).Both codes are designed primarily “to protect under-18s and other vulnerable persons from being harmed or exploited by advertising that features or promotes gambling” and have similar rules, such as a ban on people under 25 promoting gambling.The most significant difference between the two codes is that broadcast ads must be cleared in advance by Clearcast, the non-governmental organisation. Email Addresslast_img read more

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24 Aug
2021

Live stream: The future of regulated sports gambling in New England

first_img Live stream: The future of regulated sports gambling in New England Sports betting Regions: US 14th March 2019 | By Stephen Carter Topics: Sports betting iGB is delighted to bring you a live stream of the University of New Hampshire (UNH) School of Law’s ‘Future of Regulated Sports Gambling in New England’ town hall event taking place on 20 March 2019 in Concord, New Hampshire. The stream taking place from 15:00 EDT (19:00 GMT) will bring together key lawmakers, policymakers and stakeholders, including RI, MA and NH Lotteries, FanDuel and Wynn Resorts, to analyse the emerging sports betting landscape across a number of states in the New England area, including Massachusetts, New Hampshire, Maine, Connecticut and Vermont. The UNH event serves as an appetiser to the inaugural ICE North America taking place in Boston, USA (May 13-15, 2019) and will address the potential implications for individual states, including mobile betting, the growing influence of state lotteries, responsible gaming safeguards, the position of sports leagues and local municipalities’ authorisation.center_img iGB brings you a live stream of the University of New Hampshire (UNH) School of Law’s ‘Future of Regulated Sports Gambling in New England’ town hall event taking place on March 20, 2019 in Concord, New Hampshire AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Email Addresslast_img read more

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24 Aug
2021

Churchill Downs completes deal for Kentucky’s Turfway Park

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Churchill Downs completes deal for Kentucky’s Turfway Park Churchill Downs Incorporated (CDI) has finalised its acquisition of Turfway Park in Kentucky from Jack Ohio LLC, an affiliate of Jack Entertainment LLC and Hard Rock International.The agreement was approved by the Kentucky Horse Racing Commission (KHRC), which allowed it to be finalised.Under the deal, agreed last week, CDI will pay $46m (£37.6m/€41.7m) in cash to take ownership of the racing facility, subject to certain working capital and other purchase price adjustments.Having secured KHRC approval, CDI withdrew the race dates application related to its previously announced New Latonia Racing & Gaming project in northern Kentucky and confirmed it will no longer pursue this project.Read the full story on iGB North America. Churchill Downs Incorporated (CDI) has finalised its acquisition of Turfway Park in Kentucky from Jack Ohio LLC, an affiliate of Jack Entertainment LLC and Hard Rock International. Regions: US Kentucky Subscribe to the iGaming newsletter Email Address Tags: Race Track and Racino Horse racing 10th October 2019 | By contenteditor Topics: Sports betting Horse racinglast_img read more

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24 Aug
2021

NSW commits additional funding to gambling research

first_img Tags: Mobile Online Gambling Regions: Oceania Australia 20th November 2019 | By contenteditor Email Address However, earlier this month, a report released by the state’s government showed that the percentage of adults in New South Wales who gamble has dropped by 12% since 2011. People “We encourage collaborative partnerships, cross-disciplinary approaches and applications from a diverse range of disciplines, to build knowledge and develop innovative approaches to working towards zero gambling harm.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter NSW commits additional funding to gambling research “We are committed to providing up-and-coming researchers with an opportunity to dedicate their careers to gambling studies and have a real impact in our community,” director of the Office of Responsible Gambling, Natalie Wright, said. The submission round for the PhD scholarships and post-doctoral fellowships opened yesterday (19 November) and will run to 31 January 2020. Using money from the Australian state’s Responsible Gambling Fund, the grants will be used to help improve the quality, diversity and impact of gambling research in communities across Australia.center_img The funding marks the latest effort by the NSW Office of Responsible Gambling to clamp down on problem gambling in the state and the wider Australian market. In May, Office provided almost AU$400,000 (£211,092/€246,297/$272,494) in grants to fund research into reducing and preventing gambling-related harm. The sum was split between five universities across Australia, supporting projects that focus on helping young people and families, and employ new technology to tackle dangers that may arise from gambling. Those wishing to apply for study grants in order to study in 2020 can also now register their interest, with applications to be accepted throughout the next year. The NSW government in July also set out new plans to conduct a study into the effectiveness of existing responsible gambling measures in the Australian state and consider ways to better protect consumers from gambling-related harm. The New South Wales (NSW) Office of Responsible Gambling has set out details of a new funding opportunity for PhD scholarships, post-doctoral fellowships and study grants to build capability and capacity in gambling research. Topics: People Sports betting Strategy The New South Wales (NSW) Office of Responsible Gambling has set out details of a new funding opportunity for PhD scholarships, post-doctoral fellowships and study grants to build capability and capacity in gambling research. The NSW Gambling Survey 2019, released by the NSW government after being commissioned by the Responsible Gambling Fund, found that 53% of the adult population gambled over the past 12 months – down from 65% in 2011. Subscribe to the iGaming newsletter “Research is crucial because it provides the evidence base for responsible gambling policy, interventions and programs, and it is important to encourage our brightest minds to stay in or move into the gambling research field.last_img read more

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24 Aug
2021

Hesse: no sports betting licence applications received

first_img Hesse: no sports betting licence applications received 11th December 2019 | By contenteditor Casino & games The Minister for the Interior in the German state of Hesse has claimed no operator has filed an application for a federal sports betting licence, warning that companies will face immediate action if they continue to operate without certification.Minister Peter Beuth said that operators would be expected to temporarily cease offering sports betting until their licence application has been processed by the Regional Council of Darmstadt, the state body that will oversee the process.While Beuth pointed out that the Council has been accepting permits “for months”, no operator has filed its application to date. Operators have until the end of the year to file these applications.“I therefore urgently warn operators that from January 2020, sports betting is subject to authorisation, and there will be no more toleration [of unlicensed offerings],” Beuth said. “We will consistently prohibit illegal offerings. If you do not have permission then you are liable for prosecution, and the state will be forced to act. “Advertising for sportsbook providers would then no longer be shown, whether on television or in stadia.”In preparation for the licensing process, which begins from 2 January, the first working day of 2020, the Regional Council of Darmstadt had been expanding its headcount. By the end of the year, it would be the largest gambling regulatory body in the country, Beuth added.However, the Minister went on to warn that the implementation of the third amended State Treaty on Gambling was seen by the state as a stop-gap measure. The legislation is only due to remain in force until 30 June, 2021, after which it is to be replaced by a new, long-term regulatory framework.A diverse range of bodies have called for new model to include online casino legislation, such as operator association the German Sports Betting Association (DSWV) and gaming hall body Deutsche Automatenwirtschaft (DAW).The Gambling Research Centre (Forschungsstelle Glücksspiel) at the University of Hohenheim in Stuttgart has even put forward a proposal that would limit igaming to online casino, and enforce a complete ban of advertising.However, the state Minister-Presidents have not tackled the issue of gambling since ratifying the State Treaty in March this year at any of their regular conferences.This appears to have prompted Beuth to reiterate Hesse’s threat of breaking away from the State Treaty to devise its own framework, warning that further work was vital. Beuth has previously called for online casino to be regulated, and the prohibition on in-play wagering to be lifted.“The fact that sports betting in Germany is still possible without the safeguards to combat gambling addiction and ensure consumer and youth protection is intolerable,” he said. “These are, after all, the most important goals of the existing State Treaty on Gambling.“The states must finally unify to ensure that sports betting operators adhere to regulations and players are protected against manipulation and addiction.“If our additional [proposed] amendments go unheeded, Hesse will have to introduce its own gambling laws,” Beuth continued. “Hesse will not continue on the same path from 2021. If necessary, we will create our own state legislation.”The state has already diverged from the State Treaty to some extent, by prohibiting sports betting from taking places in restaurants that also host gaming machines. This would ensure players are less likely to gamble excessively, though it is not set out in the Treaty nor in the Hessian Gambling Act.In addition, tax revenue raised from legal sports betting will be shared with recipients of good causes funding from the state lottery, who will see these contributions increase by 10%.“We want more money to be made available for volunteer work in Hesse,” Beuth explained. “The recipients of state revenue from gambling will receive a bigger share from [2020]. “They will receive a grant increase of around ten percent, with which the state government strengthens [funding for] voluntary work in fields such as sports, education, social work and youth work.”He pointed out that for the Hessian Landesportbund, the umbrella association for the state’s sports clubs and governing bodies, would see its funding increase by €2m as a result of the 10% increase in funding. Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Legal & compliance Sports betting Tags: Mobile Online Gambling OTB and Betting Shops The Minister for the Interior in the German state of Hesse has claimed no operator has filed an application for a federal sports betting licence, warning that companies will face immediate action if they continue to operate without certification. Regions: Europe Central and Eastern Europe Germany Email Addresslast_img read more

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24 Aug
2021

Playtech and Rank extend bingo services deal

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter “With bespoke content development at the heart of the agreement, we can continue bringing fresh, innovative content to Mecca Bingo players, as well as introducing new and classic content to a whole new audience through the Lucky Pants and Kitty Bingo brands,” he said. “We are an entertainment-first brand, so it is imperative that we drive innovation and growth by always exceeding the expectations of our customers,” Rank chief marketing officer James Boord said. “As such, we are delighted to be continuing and extending our long working relationship with Playtech.  The original deal only covered Rank’s flagship bingo brand, Mecca Bingo, but Playtech said the extension will also include “product enhancements” for that brand, as well as the expansion to Lucky Pants and Kitty Bingo. The agreement follows an extension of Rank’s casino services agreement with Playtech, and another agreement for Rank to launch Playtech’s poker platform. 27th October 2020 | By Daniel O’Boyle Nisbet added that a core part of the agreement was the creation of exclusive content for Rank’s brands in order to differentiate these brands from other players in the market. “We continue to build on our market leading position and sustained growth and Playtech has a track record like no other supplier, both as a technology provider and content developer, making them a clear choice as our exclusive long-term bingo provider.” Regions: UK & Ireland Gambling technology giant Playtech has signed a deal with The Rank Group to extend the agreement to provide its bingo platform for five more years and expand the deal to cover two new brands, Lucky Pants and Kitty Bingo. Bingo Topics: Tech & innovation Bingo Platform Product Tags: Mecca Bingo Lucky Pants Kitty Bingo Rank Group “With terms also recently agreed to continue delivering Casino services, we’re proud to be providing the technology and content behind all three of Rank’s core verticals, and look forward to continuing to build on our partnership over the next five years.  “Rank is a much-valued Playtech partner and, following Rank’s launch of Playtech’s poker platform and content, this latest agreement represents a key milestone in our working relationship,” Angus Nisbet, director of digital bingo at Playtech said. Companies: Playtech Playtech and Rank extend bingo services deal Email Addresslast_img read more

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24 Aug
2021

DGOJ establishes anti-match fixing collaboration with AFE

first_imgThe regulations came into force earlier this month, on 3 November, amid major criticisms from industry groups. Sports integrity AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Spanish gambling regulator the Dirección General de Ordenación del Juego (DGOJ) has partnered the Association of Spanish Footballers (AFE) to step up anti-match fixing efforts. DGOJ establishes anti-match fixing collaboration with AFE Subscribe to the iGaming newsletter 20th November 2020 | By Conor Mulheir The end to gambling sponsorship is part of new restrictions on gambling marketing, that Spain originally in February, which were subsequently tightened as a temporary response to the novel coronavirus (Covid-19) pandemic in April. Topics: Sports betting Sports integrity The DGOJ said that both organisations agree that the manipulation of sports competition and betting fraud undermines the interests of participants and operators in the sector, and constitutes one of the greatest threats to professional football.center_img Email Address Regions: Spain After introducing and tightening controls around gambling advertising throughout 2020, Spain’s Ministry of Consumer Affairs wrote to teams in the country’s top football division, La Liga, in October warning that any sponsorship agreements with gambling companies must end at the conclusion of the current season. The framework will see the organisations collaborate on developing preventative actions and education programmes to tackle match fixing and illegal betting in football. The tightened measures included a blanket ban on gambling sponsorships for sports teams, as well as a ban on all customer bonuses. Although originally intended to be temporary, these measures were then incorporated into Spain’s long-term gaming regulations and submitted to the European Commission for approval. For these reasons, the DGOJ and AFE have established a channel of communication, to run informative and educational activities, such as holding seminars, preparing educational materials and the creation of awareness campaigns, both in traditional and social media, and within football clubs themselves. Match fixing, it added, violates the essential values of the organisations and alienates both athletes and fans from the environment. Tags: DGOJ Association of Spanish Footballerslast_img read more

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24 Aug
2021

Swiss Cantons distribute CHF552.6m of 2019 revenue to good causes

first_img Swiss Cantons distribute CHF552.6m of 2019 revenue to good causes Zurich, the largest canton by population, also produced the most money for good causes. In total, the Canton generated CHF94.7m. Of this total, CHF29.8m went to sport, CHF25m went to arts and culture and CHF13.9m went to education and research. After paying expenses, CHF514.4m was set aside to be paid out. However, the Cantons went over this figure, meaning distributions may be lower in following years. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Bern produced the second most funding, with CHF56.6m. CHF22.2m of this went to culture, while CHF17.6m was for culturally significant buildings. Sport received CHF10.9m. Uncategorized In total, CHF208.7m, or 37.7% of the total funds disbursed, went to arts and culture. Meanwhile, 24.3% of the funds, CHF134.3m, went to sport. The preservation of culturally significant buildings was the next most common benefactor of the funds, receiving CHF56.6m, or 11% of the total. Environmental and developmental assistance made up 5% of the total, or CHF29.8m, while education and research received CHF22.7m. center_img The country’s two lotteries – Swisslos and Loterie Romande – brought in revenue of just over CHF1bn, according to Comlot’s annual report. It said the numbers showed licensed operators were regaining market share from offshore competitors.  10th December 2020 | By Daniel O’Boyle The CHF1.01bn in revenue was made up of CHF998.6m in what Comlot referred to as the “large games” – intercantonal or online games and sports betting operated by either Swisslot or Loterie Romande – plus a further CHF10.4m from small charitable lotteries. The large games’ revenue came on sales of CHF3.02bn. Topics: Uncategorized Swiss cantons distributed CHF552.6m(£468.6m/€513.6m/$623.5m) worth of revenue made in 2019 to good causes, with arts and culture, sport and the preservation of historical buildings the main benefactors, regulator Comlot has announced. A further CHF14.9m went to healthcare and CHF19.7m to youth resources, with CHF28.1m remaining for other projects. During 2019, Comlot also started issuing blocking orders to internet service providers restricting access of many unlicensed gambling sites. Among the 88 sites blocked in 2019 were two from bet365 and esports betting operators such as Unikrn and GG.bet. A further raft of blocking orders were issued in March of this year, before 41 more sites were added to the list this week. Email Addresslast_img read more

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