Month: August 2021

GiG expands content partnership with Nolimit City

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter GiG expands content partnership with Nolimit City 18th May 2018 | By contenteditor Tags: Online Gambling Email Address Companies: GiG Topics: Tech & innovation Tech & innovation Gaming Innovation Group (GiG) has opted to widen its content deal with Nolimit City in order to include its partner network and proprietary casino brands. Last year, the two companies signed off on a multi-year deal for Nolimit City to integrate content into the GiG igaming eco-system. This will now be expanded to cover various GiG B2C brands such as Rizk, Guts, Kaboo, Super Lenny, Thrills, Betspin and the recently launched HighRoller. Nolimit City will provide content such as’ WiXX’, ‘Tesla Jolt’, ‘Oktoberfest’ and ‘Casino Win Spin’. “The move towards a direct partnership with a leading company such as GiG, showcases the true strength of our portfolio and the efficiency in Nolimit’s delivery,” Nolimit City head of sales Malcolm Mizzi said. Mathias Larsson, managing director at GiG Games Services, added: “We are very happy that this exciting content is now readily available to players across our operator partners and in-house brands.”Related article: Nolimit city signs deal with Gaming Innovation Group Gaming Innovation Group (GiG) has opted to widen its content deal with Nolimit City in order to include its partner network and proprietary casino brands Subscribe to the iGaming newsletterlast_img read more

Minister resigns over FOBT delays

first_img Tags: OTB and Betting Shops Regulatory changes will not come into effect until October 2019 Regions: UK & Ireland Legal & compliance Email Address Tracey Crouch has resigned from her Ministerial role over the government’s decision to delay the introduction of new regulations for fixed-odds betting terminals (FOBTs) until October next year.Crouch (pictured) had been one of the leading government voices backing the campaign to lower the maximum stake on FOBTs from £100 (€134/$129) to just £2. Earlier this year, the government took UK Gambling Commission advice to drop stakes to £2 and had initially planned to implement the changes from April 2019. However, Chancellor Philip Hammond confirmed in his Budget statement this week that the new rules will not come into effect until October 2019, coinciding with the introduction of a higher tax on remote gaming duty.Speculation over Crouch’s future began earlier today (Thursday) when she did not appear in the House of Commons to answer questions on the decision to delay the changes on FOBTs for almost another 12 months.The Telegraph had also reported that she was considering her position in protest over the apparent delay. Culture Secretary Jeremy Wright, who was present in the Commons, had held off on stating if Crouch had left her role. Crouch had been serving as Parliamentary Under-Secretary for the Department for Digital, Culture, Media and Sport, reporting to Crouch.Writing in her official resignation letter to the Prime Minister, Crouch said: “I know there is never a good time to resign and appreciate that this will be an unwelcome distraction, but as the Secretary of State for Digital, Culture, Media and Sport said in the House this morning, it is a fact of Government that ministers must adhere to collective responsibility and cannot disagree with policy, let alone when it is policy made against your wishes relating to your own portfolio.”In response, Prime Minister Theresa May insisted there “has been no delay in bringing forward this important measure”.May added: “Indeed, as you know from your work as the minister responsible, we listened to those who wanted it to come into effect sooner than April 2020 and have agreed that the changes should be in place within the year – October 2019.“Having taken the decision to make this very significant cut in maximum stakes, we must ensure that this change can be implemented in an orderly and effective manner to make sure it delivers on the results we all want to see.”Paying tribute to Crouch, Tom Watson, deputy leader of the Labour opposition, praised her “courageous and principled decision”, according to the BBC. He also said Wright “should be thoroughly ashamed” of prioritising “corporate interests over victims, profits over public health and greed over good”.Crouch and Watson are not alone in their displeasure at the delay. The All Party Parliamentary Group (APPG) on FOBTs has already stated its disappointment that the changes will not come into effect until next October, with a spokesperson for the group telling iGamingBusiness.com that there is “no justification” for a delay. Shortly after the Budget announcement this week, the APPG announced that it is to hold a meeting to discuss the next steps in its campaign. The meeting will take place on November 6 and will run as a closed session. The APPG previously scheduled an open meeting but has since switched to a private session as “members would like to use this initial meeting to discuss next steps and political sensitivities and would therefore be opened to MP and Peers only”. Topics: Legal & compliance People Minister resigns over FOBT delays AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter 1st November 2018 | By contenteditorlast_img read more

New Illinois Governor eyes legal sports betting

first_img Incoming Illinois Governor J.B Pritzker has raised hopes of legal sports betting in the state after including $200m in future tax revenue from wagering activities in his 2020 budget proposal. Tags: Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 21st February 2019 | By contenteditor Subscribe to the iGaming newsletter Topics: Finance Legal & compliance Sports betting Incoming Illinois Governor J.B Pritzker has raised hopes of legal sports betting in the state after including $200m (£153.0m/€176.1m) in future tax revenue from wagering activities in his 2020 budget proposal. Pritzker is proposing to legalise sports betting at facilities across the state, with consumers able to place bets in-person or online. Those betting via the internet would be able to do so from inside Illinois or in a jurisdiction that has entered into a reciprocal agreement with the state. Under Pritzker’s plans, a total of 20 sports wagering licences would be available in Illinois at a cost of $10m each, plus an annual renewal fee of $5,000. Licence-holders would pay tax at a rate of 20% on sports betting revenue. Citing estimates from Oxford Economics, Pritzker has said Illinois could generate between $384m and $680m in gross sports betting revenue per year under full implementation. Based on the proposed 20% tax rate, this would generate tax revenue of between $77m and $136m each year. Such is Pritzker’s confidence that legislation will pass, he has included around $17m of tax revenue in the budget forecast for fiscal year 2020, with $12m of this to be transferred into the general funds after estimated potential expenses to administer sports wagering were deducted. The proposal states that for the first five years of operation, operators would be able to deduct up to 90% of one-fifth of the initial licence fee each year from the sports wagering tax. Pritzker said that the licence fee and this tax credit proposal would allow the state to generate an estimated $200m in revenue for fiscal year 2020. The budget must be passed by the Illinois House and Senate before it can be implemented. Illinois lawmakers are currently considering a bill that would legalise sports betting in the state, but at slightly different terms as to those proposed by Pritzker. Sponsored by Napoleon Harris III, a former NFL American football player who is now serving on the Illinois Senate, SB0176 would allow for in-person and online wagering in the state. However, the bill sets out a proposed tax rate of 12.5% on gross sports wagering revenue, as opposed to the 10% rate cited by Pritzker. Illinois has been discussing sports betting regulation for some time now, with state Representatives having met at a dedicated hearing last October to talk over the specifics of proposed law. At the time, a spokesperson for Representative Bob Rita, who organised the hearing, told iGamingBusiness.com that “a lot of unanswered questions” remained and there was a lot more work to do on the issue.Pritzker, who took office as Governor last month, is also seeking to legalise recreational cannabis in Illinois under his budget proposal.Image: Petr Kratochvil New Illinois Governor eyes legal sports betting Regions: US Illinois Email Address Financelast_img read more

IBIA secures data deal with H2 Gambling Capital

first_imgCasino & games The recently rebranded International Betting Integrity Association (IBIA) has entered into a wide-reaching data partnership with H2 Gambling Capital.Gaming market data and intelligence provider H2 will grant IBIA access to its market database of over 2m data points across 150 jurisdictions around the world.The IBIA, previously known as ESSA (Sports Betting Integrity), will be able to use H2’s data to develop and promote effective integrity frameworks and advise policymakers on practical betting market frameworks. The association has an existing relationship with H2, having worked together when delivering proposals to the Independent Review Panel’s (IRP) review of tennis integrity last year.The IRP’s proposed prohibition on International Tennis Federation (ITF) data being collected for tournaments with $15,000 and and $25,000 prize pools was strongly opposed by the IBIA. The association argued that a data blackout would create opportunities for illegal betting operators to exploit such competitions.It was able to highlight the negative effects of such a move using H2’s data, which ultimately saw the IRP amend the scope of this provision in its final report, to only ban data collection on $15,000 tournaments.“We worked with H2 when delivering our position and proposals to the independent review of tennis integrity last year,” IBIA secretary general Khalid Ali said. “H2’s data and economic analysis was crucial and underpinned our key arguments during those discussions.“Both parties are keen to continue working together and to utilise H2’s best in class global gambling data to foster informed regulatory policies.”David Henwood, director at H2, added: “We increasingly want to help our clients and partners take advantage of new opportunities, safeguard their interests and meet their commercial objectives.“Ensuring a safe betting environment is central to the current regulatory debate and the International Betting Integrity Association is at the forefront of that global discussion,” he explained. “We aim to support the association’s objectives in this area with our unrivalled intelligence, analysis and market data.”Confirmation of the partnership comes after IBIA last week named AB Trav och Galopp (ATG) the market-leading operator in the early months of Sweden’s regulated igaming market, as its first new member since its rebrand earlier this month.Image: Max Pixel IBIA secures data deal with H2 Gambling Capital Tags: Online Gambling Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Email Address 18th June 2019 | By contenteditor Topics: Casino & games Sports betting Strategy The recently rebranded International Betting Integrity Association (IBIA) has entered into a wide-reaching data partnership with H2 Gambling Capital.last_img read more

NSW investigation sees Melco delay Crown stake acquisition

first_img Melco Resorts & Entertainment has amended its agreement to acquire a 19.99% stake in Australia’s Crown Resorts to allow the New South Wales Liquor and Gaming Authority to complete an investigation into the transaction and other matters related to the seller. Casino & games Subscribe to the iGaming newsletter Email Address NSW investigation sees Melco delay Crown stake acquisition AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Regions: Oceania Australia 29th August 2019 | By contenteditor Topics: Casino & games Legal & compliance Melco Resorts & Entertainment has amended its agreement to acquire a 19.99% stake in Australia’s Crown Resorts to allow the New South Wales Liquor and Gaming Authority to complete an investigation into the transaction and other matters related to the seller.Having struck the agreement to acquire 135.35m shares in Crown Resorts in May, Melco closed the purchase of the first tranche of 67.675m shares in June. The second tranche of 67.675m shares was to be acquired by 30 September.However, after the Liquor and Gaming Authority announced that it was to scrutinise the deal, and other allegations made against Crown, earlier this month, the pair have agreed to defer closing on the sale for up to 60 business days following completion of the investigation.Patricia Bergin, a former judge of the Supreme Court of New South Wales has been appointed to lead the investigation, for which the terms of reference were announced earlier today (29 August). It relates to a licence awarded to Crown in 2014 for a restricted gaming facility, to be located in Bangaroo, an inner-city suburb of Sydney.The investigation will first examine the suitability of Melco Resorts, and its shareholders Lawrence Ho, Geoff Davis, Stephanie Cheung, Akiko Takahashi, Evan Winkler, and Clarence Chung, are suitable to own a property licensed under the Australian Casino Control Act.Bergin’s investigation must determine whether they are of good repute, and whether they have any business association with any person, body or association who is not of good repute.The second area to be probed relates to allegations published in the Australian press regarding Crown Resorts and its business associates. These allegations claim Crown or its associates may have engaged in criminal activity and breached gambling laws.The judge must determine whether Crown is suitable to hold the Bangaroo licence, and if not, what would have to be done to ensure it was suitable. Furthermore, Bergin must rule on whether the Crown’s sale of the stake to Melco represents a breach of the licence agreement or any other regulatory agreement.She will also be asked to decide whether the Casino Control Act is fit for purpose, against a backdrop of an increasingly complex patchwork of risks faced by gaming and casino operators. No deadline has been set for the investigation to conclude, though Liquor and Gaming NSW said it should be completed “as soon as reasonably practicable”.Should the investigation lead to the closing of the second tranche sale occurring after 30 September, the price is to be reduced by an amount equal to any dividends received on these shares between 6 June and the closing date.However, it will also be increased by AUD$0.05 per second tranche share per calendar month after 30 September. Per the agreement between Melco and Crown, the sale must be closed by 31 May 2020, and from this date Melco could cancel the acquisition, though this deadline can be extended by up to six months.last_img read more

Tennis anti-corruption and anti-doping entities to merge

first_img The Tennis Integrity Supervisory Board has approved plans to merge the anti-corruption and anti-doping divisions within a single organisation as part of an effort to enhance the integrity of the professional sport.At present, the Tennis Anti-Corruption Program (TCAP) covers betting-related corruption issues, while the Tennis Anti-Doping Programme (TADP) is run by the International Tennis Federation (ITF) to tackle doping in the sport.Under the new system, the two entities will join together at a single location with shared services and operate independently to the sport. The Tennis Integrity Supervisory Board said it expects TADP cases to benefit from the investigative expertise from the Tennis Integrity Unit (TIU).Work is now underway to implement the detailed measures required to deliver the expanded integrity body, with the new-look organisation set to take on full responsibility for tennis anti-doping from the ITF on January 1, 2021.The Tennis Integrity Supervisory Board will recruit a new chief executive to head the restructured organisation, with the hope of making an appointment before the end of the year. A name for the body will also be confirmed at a later date.“We are confident there will be significant benefits from integrating these two strong programmes into a single organisation,” Tennis Integrity Supervisory Board chair Jennie Price said. “They include enhanced information sharing between the anti-doping and anti-corruption teams and the opportunity to join up education and support for players.”Tennis is often listed as the sport with the highest number of suspicious betting cases. In July, the International Betting Integrity Association said it processed a total of 25 alerts during the second quarter of the year, which was more than any other sport but significantly lower than 44 alerts in the same period in 2018.Earlier this month, Brazilian professional tennis player Diego Matos was handed a life ban from the sport after being convicted of multiple match-fixing offences. 27th September 2019 | By contenteditor Subscribe to the iGaming newsletter Sports betting The Tennis Integrity Supervisory Board has approved plans to merge the anti-corruption and anti-doping divisions within a single organisation as part of an effort to enhance the integrity of the professional sport. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Sports betting Strategy Email Address Tennis anti-corruption and anti-doping entities to mergelast_img read more

Betixx has Malta gaming service licence cancelled

first_img Email Address Topics: Legal & compliance 15th November 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The Malta Gaming Authority (MGA), the country’s national gambling regulator, has cancelled Betixx Limited’s licence after ruling that the operator breached a number of regulations. The Malta Gaming Authority (MGA), the country’s national gambling regulator, has cancelled Betixx Limited’s licence after ruling that the operator breached a number of regulations.Malta-based Betixx had been running fixed odds betting services under its B2C gaming service licence in the country.According to the MGA, Betixx breached paragraphs B and E of the Third Schedule to the Gaming Act. Paragraph B refers to the failure to submit specific documents to the regulator.Paragraph E is in reference to the failure to pay, in a timely manner, licence fees, gaming tax and compliance contributions to the MGA.The MGA has now ordered Betixx to cease gaming operations, while it will no be permitted to register new players or accept new customer deposits.Betixx must also provide all registered players with access to their accounts and refund any remaining balances to customers.Under Article 43 of the Gaming Act, Betixx will now have the option to appeal the ruling.Betixx is the second operator this week to have its licence cancelled, after Sports Fantech also lost its permit. The MGA ruled Sports Fantech breached paragraph H of the Third Schedule to the Gaming Act, whereby it failed to make payments to the MGA when lawfully due.Aureate Gaming and Star World have also had their Malta licences withdrawn in recent months.Image: Magnus Bråth Subscribe to the iGaming newsletter Legal & compliance Tags: Online Gambling Regions: Europe Southern Europe Malta Betixx has Malta gaming service licence cancelledlast_img read more

Gamesys enhances fraud detection measures with TruNarrative

first_img Email Address Gamesys enhances fraud detection measures with TruNarrative Tags: Online Gambling Tech & innovation Gambling operator and content developer Gamesys will begin using the player on-boarding solution from TruNarrative, a specialist provider of fraud detection, know-your-customer and anti-money laundering tools.Under the deal, Gamesys will be able to carry out identity checks, document validation, politically exposed person (PEP) and sanctions checks, as well as ongoing monitoring.The TruNarrative will grant Gamesys access to multiple data source providers across all the markets in which it operates, enabling it to identify consumers around the world.“Having access to multiple data source providers through a single API integration and interface is a huge benefit to us,” Simon Mizzi, director of Gamesys subsidiary Dumarca Gaming explained. “It means we can react quickly to a constantly changing regulatory environment while having the freedom and flexibility to provide a world-class user experience.“Being able to do this and monitor our players’ transactions helps us manage risk across the full player life cycle.”Adam Doyle, head of gaming at TruNarrative, added: “Sourcing multiple providers across the globe to meet varying regulatory requirements is a huge challenge. Providing Gamesys with the ability to work from a single platform across their on-boarding strategy will help the customer experience while also aligning with compliance and audit requirements.”Last month, Gamesys Group, formed through JPJ Group’s acquisition of Gamesys, reported a 22.9% year-on-year increase in revenue for the third quarter of the year, aided by a turnaround in the Jackpotjoy operating division. Revenue in the three months to 30 September, 2019 grew to £92.5m, with revenue for Jackpotjoy climbing 5% to £52.2m. 27th November 2019 | By contenteditorcenter_img Topics: Tech & innovation Gambling operator and content developer Gamesys will begin using the player on-boarding solution from TruNarrative, a specialist provider of fraud detection, know-your-customer and anti-money laundering tools. Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

iGB-Pentasia Salary Survey 2019: Part 4

first_img In the fouth and final part of the 2019 Salary Survey, we continue our drill down into salary trends broken down by department and role, covering design & tech, finance & operations, marketing, product & project and sales & account management iGB-Pentasia Salary Survey 2019: Part 4 Topics: Casino & games People Sports betting Bingo Poker AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter In the fourth and final part of the 2019 Salary Survey, we continue our drill down into salary trends broken down by department and role, covering design & tech, finance & operations, marketing, product & project and sales & account managementDesign & tech The demand for tech talent remains at ‘red alert’ level – a state that’s reflected by extremely attractive pay packets. Even below the C-suite, tech professionals can command more than £200,000.As the European talent pool runs dry, employers are looking further afield and hiring from outside the EU, as well as meeting candidates’ demands for flexibile and remote work options. Half of all candidates in design & tech are ‘open’ to working remotely, with almost a fifth working ‘only’ remotely.Tech employment varies greatly by country: most UK roles are offered on a contract basis, whereas in Spain almost all are permanent.Beyond cash, the igaming industry still holds strong appeal for tech candidates thanks to its innovative culture. “Learning new skills” is a headline priority for the majority of candidates when assessing new opportunities. In the USA, tech candidates are in equally high demand, though salaries vary substantially dependent on both location and seniority. (Robert Gray – Europe; Brady Eagle – USA) 29th November 2019 | By Stephen Carter Bingo Subscribe to the iGaming newsletter Tags: Card Rooms and Poker Online Gambling Finance & operations Finance is an area where businesses are unwilling to compromise when it comes to talent.It is essential to get the right person to take commercial responsibility and manage key initiatives that will grow a business.If you are that right person, though, the rewards can be considerable. There is considerable variation in the US figures due to differences between states. Experienced operations, HR and payments executives are also highly valued. (Tracy Whitcomb)Marketing It is often said that content is king, but that status is not accurately reflected in salary, which showed only a slight increase in the last year.However, the pressure is still high on marketing departments to devise new and innovative bonuses that attract and retain customers while remaining legally compliant.There appears to be a squeeze on affiliate managers and a gap is appearing in the market for junior affiliate operators. Some companies are also trying to combine roles – looking to recruit one person to fulfil both CRM and content creation responsibilities, for example. (Gareth Mulley)Product & project The overall increase in product salaries reflects the continuing high demand for those with relevant expertise.Product managers are key to developing business, turning plans into reality and delivering new markets to ambitious igaming operators.Candidates with proven experience are taking advantage of the market and there have been significant salary increases – up to 35% – being offered by employers keen to snap up the right talent.People with vision and drive are looking to work for companies who match that ambition and have a culture of agility and innovation as well as a track record of delivering new products. (Darren Kirby) Sales & account management One of the best-paying job functions in igaming, with overall salaries rising by 5-10% year-on-year.Location significantly affects base salaries globally, while bonuses and commission structures vary greatly from employer to employer. UK sales and account managers are among the best paid (towards the upper end of the remuneration band.) We’ve seen increased demand for sales professionals in emerging markets like LATAM and Africa.However, the greatest demand for new talent currently is in the US, where the B2B landscape is rapidly growing following the PASPA repeal. (Karl Harenburg)Related articles: iGB-Pentasia Salary Survey 2019: Part 3 iGB-Pentasia Salary Survey 2019: Part 2 iGB-Pentasia Salary Survey 2019: Part 1 Email Addresslast_img read more

Singapore prepares overhaul of gambling regulations

first_img Singapore’s Ministry of Home Affairs (MHA) has announced plans to overhaul the country’s gambling regulations, that will see a new regulatory authority established by 2021.Currently, gambling in Singapore is regulated by multiple bodies, with the Casino Regulatory Authority regulating casino gambling, the Gambling Regulatory Unit of the MHA regulating remote gambling and fruit machines and the the Singapore Totalisator Board governing retail pools betting. In addition to these bodies, the Singapore Police Force is responsible for enforcement of laws against illegal gambling and the Ministry of Social and Family Development is responsible for creating safeguards against gambling-related harm. The MHA said that although these bodies have had success thus far in regulating gambling, the modern gambling landscape necessitates a single regulatory body. This will lead to the establishment of the Gambling Regulatory Authority (GRA).“[The consolidation of regulatory powers] will allow the GRA to stay even more effectively abreast of technological and global trends, respond faster to emerging products in particular those that cut across different domains, and take a more holistic approach to gambling policies and issues,” the MHA explained.In addition, the Ministry said it was reviewing Singapore’s gambling regulations, with the intent to update the law by 2021 “to ensure that regulatory mechanisms can effectively address evolving gambling products and business models”.One area the MHA said it would look into was the regulation of loot boxes in video games. In addition, it said it would look into the penalties for regulatory breaches to ensure these were consistent across gambling verticals.“Even as we update our laws, the MHA will retain a generally prohibitive stance towards gambling, and continue to maintain a risk-based regulatory approach towards existing gambling operators,” the MHA said.In 2015, the MHA announced that authorities in the country are to begin clamping down on illegal online gambling operations by blocking unlicensed websites, after the Remote Gambling Act came into effect in 2014.However in 2016, state-owned lottery company Singapore Pools became the first operator to launch a legal online betting service in the country. Singapore prepares overhaul of gambling regulations Regions: Asia Singapore Topics: Casino & games Legal & compliance Tags: Online Gambling Casino & games Singapore’s Ministry of Home Affairs (MHA) has announced plans to overhaul the country’s gambling regulations, that will see a new regulatory authority established by 2021.  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 6th April 2020 | By Daniel O’Boyle Subscribe to the iGaming newsletter Email Addresslast_img read more