Paddy Power Betfair warns against Irish gambling ad ban

first_img Regions: UK & Ireland Legal & compliance Tags: Online Gambling Email Address Topics: Legal & compliance Paddy Power Betfair warns against Irish gambling ad ban 9th August 2018 | By contenteditor CEO Peter Jackson insists other methods should be explored to tackle problem gambling Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Paddy Power Betfair CEO Peter Jackson has hit out at proposals to introduce a blanket ban on gambling advertising in the Republic of Ireland, saying lawmakers in the country should consider other ways to tackle problem gambling.Last month, President Michael Higgins suggested introducing a ban in order to protect the “integrity” of sport in the republic.Higgins claimed that dropping ads from live sport broadcasts would help tackle problem gambling in Ireland and underlined that the country should not “ignore” such problems.However, Jackson has criticised the plans, saying that although the bookmaker is keen to see progress on controlling problem gambling, an outright ban is not “necessarily the right answer”.“We’d like to see some progress made on the [gambling control] bill,” Jackson added, according to the Irish Independent newspaper. “We will operate within the framework that’s put in place – that countries and politicians decide.“We’ve been a very good supporter of responsible gambling in Ireland.”Jackson cited the recent decision by Italy to implement an outright ban on ads as an example of how the system can be “very restrictive”. The ban has drawn criticism from the industry and sports clubs in the country that were supported by betting sponsors, with the European Gaming and Betting Association branding the ban a “counterproductive”. Jackson said he is keen for Ireland to avoid a similar environment.“Some countries chose to put in place very restrictive legislation,” he added. “We’ve just seen in Italy, where advertising is effectively going to be banned. I’m not sure that necessarily is the right answer.”Jackson was speaking after Paddy Power Betfair this week reported its results for the second quarter, during which profit before tax increased 4% to £106m (€117.9m/$136.3m) but earnings slipped by 1%.Paddy Power Betfair also said full-year earnings before deductions and interest, “pre-US sports betting”, is now expected to be between £460m and £480 – down from the previous expectation outlined in the Q1 trading update of between £470m and £495m.last_img read more

Schjelde returns to EveryMatrix as CFO

first_img David Schjelde has agreed to re-join software development company EveryMatrix as its chief financial officer. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Strategy Tags: Online Gambling 7th March 2019 | By contenteditor David Schjelde is to re-join software development company EveryMatrix as its chief financial officer.Schjelde began his first spell at EveryMatrix in 2007 when he served as CFO of BetBrain, before going on to hold similar roles with several companies outside the gambling sector.Now back with EveryMatrix, he will focus on optimising the company’s financial performance across its many business units, including its flagship CasinoEngine product.“I was delighted to see how the company expanded over the years and it gives me great satisfaction to be here,” Schjelde said.“Leading the financial operations will be challenging for sure, especially since the casino business more than doubled in the last year.”EveryMatrix CEO Ebbe Groes, who first met Schjelde in 2000 when he was with Kapow Technologies, added: “Further expanding our top management team is key for us since the business continues to grow year after year.“Bringing David on board is an important step as he is a highly knowledgeable and appreciated expert. His practical and resourceful approach proved to be invaluable in the past and I am certain his vast expertise in both financial management and law will help us improve our operations and better identify potential opportunities in the iGaming sector.“With the massive volumes of casino transactions from the largest operators in Norway and Germany, financial accuracy is more important than ever.”The appointment comes after EveryMatrix last week named Rafael Campuzano as its new chief technology officer. Campuzano, who was previously CTO of Bit8, will lead the company’s technology strategy and operations from its office in Bucharest, Romania.center_img Subscribe to the iGaming newsletter Finance Schjelde returns to EveryMatrix as CFO Email Addresslast_img read more

Brazilian lotteries boosted by Mega-Sena performance in Q2

first_img Regions: LATAM Brazil CSR Subscribe to the iGaming newsletter The Brazilian lottery market has reported a 52.6% year-on-year increase in revenue for the second quarter of 2019, with the market benefitting from the contribution from the Mega-Sena game more than doubling over the period. Tags: Charitable Gaming 13th September 2019 | By contenteditor Brazilian lotteries boosted by Mega-Sena performance in Q2 The Brazilian lottery market has reported a 52.6% year-on-year increase in revenue for the second quarter of 2019, with the market benefitting from the contribution from the Mega-Sena game more than doubling over the period.Revenue for the three months to 30 June, 2019 grew to R$4.76bn (£945.1m/€1.06bn/$1.17bn), driven by a 142.3% year-on-year rise in Mega-Sena revenue to R$2.52bn.The Secretariat of Evaluation, Planning, Energy and Lottery (SECAP) noted that this was largely down to a number of jackpot rollovers, which saw the largest lottery prize in Brazil’s history, of R$289.4m, on offer for the draw on 11 May.This growth helped offset weaker performances from other lottery products on the market, such as Lotofácil, which reported a 3.0% decline in revenue to R$1.0m. While Quina, the third largest game in terms of revenue, reported a 14.1% increase to R$0.7m, it remained in third. None of the other seven products in the market generated more than R$0.1m over the quarter.As a result of the revenue growth, money raised for social causes increased significantly in Q2, rising 51.4% year-on-year to R$2.24bn.The figures have been released against a backdrop of change in the Brazilian gaming industry, with SECAP currently drafting a bill to legalise online and land-based sports betting in the country. Following a public consultation, which attracted a record 1,849 submissions, the Ministry of Finance division aims to publish a draft bill later this month. 
To date it has been confirmed that a 1% turnover tax will be levied on licensees, which can secure nine-year licences for an initial fee of R$3m.In addition Brazil’s Investment Partnership Programme (PPI) has launched a new tender to privatise the country’s instant win gaming business Loteria Exclusiva Instantânea (Lotex). After a number of failed attempts, the government has significantly reduced the eligibility requirements, and further staggered payment of the tender fee.Bidders that have operated a business generating R$560m over a calendar year may now apply (the minimum requirement was previously R$1.2bn), and pay the winning bid (set at a minimum of R$542.1m) in eight instalments.Bids are to be submitted by 17 October, with the winner to be selected by 23 December, and the final contract signed by 16 April, 2020. Topics: Finance Lottery Social responsibility CSR AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

Industry pushes for mobile betting in Georgia hearing

first_img10th October 2019 | By Daniel O’Boyle Topics: Legal & compliance Sports betting Industry pushes for mobile betting in Georgia hearing A Georgia Senate committee studying gambling has heard presentations and testimony from a series of industry stakeholders, including suggestions for a possible sports betting bill in the state. Subscribe to the iGaming newsletter Tags: Mobile Online Gamblingcenter_img Email Address Legal & compliance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter A Georgia Senate committee studying gambling has heard presentations and testimony from a series of industry stakeholders, including suggestions for a possible sports betting bill in the state.The committee, which was established in April to studying opportunities to regulate betting, gaming and horse racing in the state, held a hearing Tuesday (October 8). This saw a range of different operators, suppliers, sports organizations and related bodies share their views on what form Georgia’s regulated sports betting industry should take.Scientific Games, Caesars Entertainment, DraftKings and FanDuel all testified before the Senate Study Committee on Gaming and Pari-mutual Wagering on Horse Racing and Growing Georgia’s Equine Industry.Also participating were golf’s PGA Tour, Major League Baseball (MLB) and Baylor University presented a 2011 study titled “The Hidden Social Costs of Gambling”.Read more on iGB North America.last_img read more

Indiana sports wagering handle hit $35m in debut month

first_img Topics: Finance Sports betting Licensed operators in Indiana processed a collective $35.2m (£28.3m/€32.0m) in sports wagers during the first full month of regulated sports wagering in the state. Indiana sports wagering handle hit $35m in debut month Finance 11th October 2019 | By contenteditor Subscribe to the iGaming newslettercenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: US Indiana Licensed operators in Indiana processed a collective $35.2m (£28.3m/€32.0m) in sports wagers during the first full month of regulated sports wagering in the state.The regulated market opened on September 1, and adjusted gross revenue for the debut month amounted to $8.6m, with the state collecting $813,103 in sports wagering taxes.American football was, by some margin, the most popular sport to bet on, with players wagering a total of $20.7m in September. Parlay bets followed with a handle of $9.8m, while baseball attracted $3.4m in wagers last month.The Caesars Entertainment-operated Horseshoe Hammond was the venue of choice for players in September, with its sportsbook processing $9.0m in bets and posting state-high adjusted gross revenue of $2.1m.Read the full story on iGB North America.Image: formulanone Email Addresslast_img read more

Zulabet owner Romix awarded Swedish licence

first_img Topics: Sports betting Malta-based gaming group Romix Limited is set to launch in Sweden’s regulated market after obtaining a licence from the country’s regulator.Romix has registered sites Campobet and Yoyocasino as dot.com and dot.se sites with Spelinspektionen.It now has the right to offer online betting and gaming in Sweden, making it the 93rd company to be granted an active licence.Romix, which is headquartered in Birkirkara, Malta, already has a B2C gaming service licence issued by the Maltese Gaming Authority.It operates Zulabet and Lightcasino from Malta, offering content from suppliers such as Microgaming, Net Ent and Yggdrasil. Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Nordics Sweden Sports betting 22nd November 2019 | By contenteditor Malta-based gaming group Romix Limited is set to launch in Sweden’s regulated market after obtaining a licence from the country’s regulator. Companies: Yggdrasil Subscribe to the iGaming newsletter Zulabet owner Romix awarded Swedish licencelast_img read more

Highlight partners Sisal for Moroccan virtuals roll-out

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Lottery Sports betting Video gaming Email Address Sisal, operator of Morocco’s Loterie Maroc, has partnered virtual sports specialist Highlight Games to launch its Soccerbet product in the North African country.Soccerbet is a virtual football game that features archive footage of the leading teams in Italy’s Serie A, and will be rolled out across more than 700 retail locations in Morocco.It marks the supplier’s first partnership with a national lottery operator, and Highlight Games director Nick Gardiner said he was delighted to have secured the deal.He described Soccerbet as providing customers with a new form of virtual play, through the combination of archive footage with fast placed betting action.Sisal took control of Loterie Maroc in January 2019, after winning a tender to replace Intralot as the operator of the lottery, signing an eight-year contract with the option of a two-year extension. Intralot continues to operate the country’s other national lottery, La La Marocaine Des Jeux et des Sports.The company’s general manager Adil Benchekroun said of the Highlight Games deal: “Sisal is delighted to partner with Highlight Games to bring its premium Soccerbet game to SGLN customers.“Soccerbet’s use of real archive Serie A footage makes it uniquely appealing to players, and we look forward to launching additional products from the Highlight Games portfolio in the future.” Tags: Video Gaming Highlight partners Sisal for Moroccan virtuals roll-out 7th January 2020 | By contenteditor Regions: Africa North Africa & Middle East Morocco Sisal, operator of Morocco’s Loterie Maroc, has partnered virtual sports specialist Highlight Games to launch its Soccerbet product in the North African country. Subscribe to the iGaming newsletter Casino & gameslast_img read more

The real root cause of gambling addiction

first_img Subscribe to the iGaming newsletter Tags: Online Gambling As strange as it may seem, the real root cause of gambling addiction is not gambling, writes Jason Shiers of UK addiction rehabilitation provider UK Addiction Treatment Centres (UKAT). However, there are steps operators can take to help those showing signs of a serious problemThe manifestation of an addiction seems like the most obvious place to look, and many modalities of help and treatment often look to control the outward manifestation of the issue as a root to resolve the problem.Anyone suffering with gambling addiction will try everything before getting professional help.Well-intentioned spouses and family members will reach their wits’ ends trying to help, whether that’s by hiding money or controlling the individual’s whereabouts and what or who they spend time around.It can go further: monitoring what they watch on TV, access to the internet, gaming and anything that could possibly trigger them into gambling further.It makes perfect sense that people look to control their own – and others’ – habits by trying to make what they perceive to be the problem less accessible. However, this shows an innocent misunderstanding of the problem.Just as friends or family members attempt to help those suffering from addiction, gambling operators also, either voluntarily or because of legal requirements, try to take similar steps to help the afflicted.Yet once again, the measures taken only address the problem at symptom level, with tactics such as:· Stopping credit cards being used to fund online gambling · Offering limits on how much, and how often, players can spend on gambling · Setting limits on time spent gambling · Offering complete self-exclusion via GamStop · Reducing maximum stakes on fixed odds betting terminals from £100 to £2These initiatives might help with the illusion of control but they are of no real help in tackling the underlying problem.In this gambling is similar to drugs, in that taking away the addictive element does not stop the addiction. For the individual, it’s just an obstacle to overcome – they will find a way to gamble, by foul means or fair.Misunderstanding of traditional treatments Attempting to teach gambling in moderation, learning to control triggers, avoid certain geographical locations or to identify emotions that lead us to gamble are all innocent attempts to control the misunderstood habit at its final destination.But if anything, they will only offer short-term respite.Look at it this way: it’s like taking the rear carriage of a train, and trying to get it to change the direction of the engine, 15 carriages ahead.It simply isn’t going to work and it would take much less effort if you knew the real root cause to start with.To further the misunderstanding, traditional psychological treatments attempt to see where past events and experiences have impacted the person’s psychology and compel them to attempt to escape from reality.People often spend years in therapy digging into their relationships with their parents, childhood trauma, failed relationships and mental health issues, to desensitise themselves to the emotions they experience so the need to gamble is reduced.This often has little effect as the problem is not created by the past.This sort of therapy may well help to some extent, but for creating long-term freedom without having to maintain something, it is not the best solution.The traditional treatments see addiction as a disease, as a real ‘thing’ inside the person struggling. They are labelled addicts, and treated as sick people trying to get well.The treatments suggest there is no respite, and that recovery is a lifelong process, with constant practices and processes needed to maintain a life free from gambling.The reasoning is that only through abstinence can an individual regain control.So, what really is the problem? Gambling addiction, at its root cause, is a misunderstanding of how the mind works. It’s a valve for ‘letting off steam’ – we innocently create our own reality in the mind, and it looks scary, unhappy and unfulfilling.The need to stop uncomfortable emotions becomes unbearable, and gambling addiction becomes the solution for coping with this fundamental misunderstanding.Think about the how the body heals itself. If you cut your finger, it heals. The signs of the cut soon disappear and before long it looks like there was no injury in the first place. The mind works in the same way, only most people don’t understand that. Rather than seeing the true nature of thought as transient, something that passes, they pick and prod at the content of the thoughts, creating negative emotions and a low state of mind.And imagine what would happen if that is allowed to build up with no outlet. Most of the time it would end in a psychotic episode or a breakdown – the system has to regulate itself.Gambling is the steam valve that stops people from becoming overwhelmed. It is a coping mechanism, rather than the cause.The solution Some find traditional therapy helps but only in the short-term.People sometimes get help from 12-step programmes such as those offered by Gamblers Anonymous, but often addiction manifests itself in other areas of life, or life is difficult, there is not much joy, peace, security and contentment.For many of those suffering from addiction, this can mean they return to gambling after a period of abstinence, as the problem was only addressed at its final symptom or with a temporary process or technique.The solution has to be in a deeper understanding of how we work as human beings. Your treatment should answer the questions you have about why you gamble, what caused it to get out of control and what creates the cycle of dependence.It should also show you a different way to live life in the moment, free of overthinking, stress and anxiety.A treatment that can free you from misunderstanding, and addressing why the system needs a valve in the form of gambling addiction, is key.Our understanding of psychology and how the mind works is developing all the time.There are thousands of people worldwide with recovery stories who lost everything to gambling but have rebuilt their lives and are completely free without having to maintain or practice any type of recovery.For them it’s not a disease or something that will never be cured, they are free.Lasting change comes through insight. When we get an insight into the suffering we are creating, things start to look different.The need to gamble dissipates and disappears because we are no longer creating our own stress, anxiety and uncomfortable feelings, we are free to be present in the world and enjoy life in a different way.It no longer makes sense to self-destruct.What can operators do to help people who are struggling? That’s not to say that nothing can be done to help, especially by gambling operators.Everyone is chasing something when they gamble, so those offering it must have effective ways of identifying those whose habits are getting out of control.It would be useful if operators provided an opportunity for anyone suffering to connect with the right people if their behaviour looked like it was on a downward spiral. This could be done in numerous ways, including:· AI programmes to detect patterns of behaviour related to addiction · Pop-ups or live chat features that ask if people need help · Resource sections on digital media visible at all times · Employing the relevant expertise to be part of game creation · Employing a team of addiction specialists that can assist people who ask for help · Surveys or data gathering methods to assess usage and experiences · Allocating a percentage of profits to gambling help/rehabilitation charities or organisationsOf course, you cannot force anyone to get help. Many will reject any offer of assistance because they have a lack of hope, but if the opportunity is there I am sure many would take it.What’s most important is to remember that gambling addiction is not a sign that someone is bad or broken. It goes beyond any ideas about disease, morals or beliefs, what’s right or what’s wrong.It’s a fundamental attempt to regulate the mind from a misunderstanding of the innocent use of the principle of thought.Jason Shiers is a certified transformative coach and certified psychotherapist, and also the creative innovations marketing manager for UK Addiction Treatment. Jason has been working with addictions and people in recovery for 25 years and is always looking towards the innate mental health that is inside everyone. He has been cited in multiple articles about addiction and is a regular contributor to many different websites. Topics: Strategy 24th April 2020 | By Stephen Carter The real root cause of gambling addictioncenter_img As strange as it may seem, the real root cause of gambling addiction is not gambling, writes Jason Shiers of UK addiction rehabilitation provider UK Addiction Treatment Centres (UKAT). However, there are steps operators can take to help those showing signs of a serious problem AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Strategy Email Addresslast_img read more

Intralot appoints Boothe as permanent US chief

first_img Regions: US Topics: Lottery People Sports betting Strategy Greek gaming and lotteries giant Intralot has appointed Byron Boothe as permanent chief executive of its US subsidiary. Boothe (picture) will continue overseeing day-to-day leadership of the Intralot Inc. business, having served as interim chief executive of the subsidiary since 2019. A long-term member of the Intralot team, Boothe has also been vice president of government relations for the group since joining the business in March 2007. “We have an exceptionally talented team at Intralot Inc. that is focused on taking decisive actions to transform the business, continuing to innovate our product in new and diverse ways, and unlocking future growth opportunities,” Boothe (pictured) said.Read the full story on iGB North America. Lottery Greek gaming and lotteries giant Intralot has appointed Byron Boothe as permanent chief executive of its US subsidiary. 12th June 2020 | By contenteditorcenter_img Subscribe to the iGaming newsletter Intralot appoints Boothe as permanent US chief AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

Zynga strikes deal to acquire Turkish casual studio Rollic

first_img Email Address Casino & games Regions: Europe Central and Eastern Europe Turkey Subscribe to the iGaming newsletter Social gaming giant Zynga will follow its $1.85bn acquisition of Peak with a deal for a second Turkish games developer, Istanbul-based Rollic. Social gaming giant Zynga will follow its $1.85bn (£1.40bn/€1.56bn) acquisition of Peak with a deal for a second Turkish games developer, Istanbul-based Rollic.Zynga will pay an initial $168m in cash for an 80% stake in the studio, which it expects to close on 1 October this year. Over the next three years, it will then acquire the remaining 20% in equal installments, at valuations based on Rollic achieving certain profit targets.It is a ‘hyper-casual’ games developer, which is described by Zynga as one of the largest and fastest-growing mobile gaming categories, in which studios produce minimalistic, free-to-play titles that users can immediately play without instructions.Founded in 2018 by Burak Vardal, Deniz Basaran and Mehmet Can Yavuz (pictured), eight of the studio’s titles have reached the top two of the US App Store’s free downloaded games rankings. Its latest releases, Go Knots 3D and Tangle Master 3D, were the top two most downloaded App Store titles in the second quarter of 2020.Rollic’s games attract more than 5m mobile daily active users (DAUs), and 65m monthly active users (MAUs).“We are excited to expand into the hyper-casual category with the acquisition of Rollic, one of the fastest growing hyper-casual developers and publishers worldwide in 2020, led by an incredibly creative team,” Zynga chief executive Frank Gibeau said.“With Rollic, we are meaningfully growing our audience, expanding and diversifying our global advertising business, and adding to our game pipeline and developer network. Zynga and Rollic are well-positioned to grow faster together.”Rollic’s founder and chief executive Burak Vardal said his team was proud to be joining the social games giant.“Our expertise in hyper-casual is a seamless fit for Zynga’s proficiency in product management, data science, ad monetization and world-class publishing,” he said. “With Rollic’s robust slate of existing and new hyper-casual games joining Zynga’s portfolio, we look forward to advancing our collective mission to connect the world through games.”It is Zynga’s second major casual games acquisition, and the second for a Turkish company, in 2020. In June it struck a deal to acquire Peak Games, the developer of franchises such as Toon Blast and Toy Blast for $1.85bn, having acquired its card games studio in 2017.The deal closed in July, with Peak’s founder and CEO Sidar Sahin continuing to lead the business.It comes as Zynga today reported its results for the first half of the year, with revenue for the six months to 30 June up 49.6% year-on-year. This followed a record-breaking second quarter, in which revenue jumped 47.4% to $451.7m.center_img 6th August 2020 | By contenteditor Topics: Casino & games Strategy Social gaming AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Zynga strikes deal to acquire Turkish casual studio Rolliclast_img read more