Monthly Archive: August 2021

24
Aug
2021

Microgaming launches independent game studio

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Tech & innovation Email Address 19th June 2018 | By contenteditor Microgaming has today (Tuesday) announced the launch of Stormcraft Studios, a new independent game studio Subscribe to the iGaming newslettercenter_img Microgaming launches independent game studio Tech & innovation Microgaming has today (Tuesday) announced the launch of Stormcraft Studios, a new independent game studio. Stormcraft will now supply exclusive content to Microgaming and its network of operators. The team at Stormcraft has previously created a range of successful Microgaming titles such as ‘Mega Moolah’ and Immortal Romance. ‘Fortunium’, a steampunk-themed online slot, is the first game to come out of the new studio and will officially launch tomorrow. “It is exciting to be working with some of the industry legends behind a number of Microgaming’s biggest titles to deliver a fresh wave of content under the new Stormcraft Studios brand,” Microgaming’s game publisher David Reynolds said. “The team’s passion for quality and creating premium gaming experiences is distinctive in everything they do. “We cannot wait to unveil the exclusive content they have in store in the next few months.” Terence Igesund, creative director at Stormcraft Studios, added: “Entertainment and craftsmanship are at the core of everything we do at Stormcraft Studios. “The careful consideration we give the user experience will be unmistakable in all the upcoming games that we are developing exclusively for Microgaming.”Related article: Microgaming backs All-In Diversity Project Tags: Mobile Online Gamblinglast_img read more

24
Aug
2021

First legal bets placed in Pennsylvania

first_img Subscribe to the iGaming newsletter First legal bets placed in Pennsylvania AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 16th November 2018 | By contenteditor Pennsylvania became the seventh US state to process a legal sports wager yesterday (Thursday) when Penn National Gaming tested out its system with punters at Hollywood Casino at Penn National Race Course.A further test phase will take place from 2pm to midnight today next to the newly renovated Skybox Sports bar at the venue before a full implementation in the coming days. Research by Eilers & Krejcik Gaming estimates $12bn could be wagered annually in Pennsylvania when the market matures – nearly three times more than Nevada.Penn National confirmed that it started processing sports bets at 3pm local time, with the test launch allowing staff to get to grips with the new system and iron out the kinds of teething problems that have been reported with sportsbook launches in some other US states in recent months.“We are extremely appreciative for the tireless effort and support of the Pennsylvania Gaming Control Board,” Hollywood Casino general manager Dan Ihm said. “They moved heaven and earth to get us to this point and we couldn’t be more excited to be Pennsylvania’s first sportsbook.”Hollywood Casino at Penn National Race Course and Parx Casino last month became the first casinos to receive approval from the Pennsylvania Gaming Control Board (PGCB) to launch sports wagering. It is understood that Parx could also go live with its sportsbook before the end of this month.Since then, Harrah’s Philadelphia, Rivers Casino Pittsburgh, SugarHouse Casino and Valley Forge have also applied for sports betting licences. Any casinos that wish to launch sports betting in Pennsylvania have to cough up an initial licence fee of $10m (£7.7m/€8.7m) and will face a 36% tax rate on sports wagers.Pennsylvania follows Delaware, Mississippi, Nevada, New Jersey, New Mexico and West Virginia in offering sports betting following the repeal of PASPA by the US Supreme Court in May.Penn National CEO Timothy Wilmott said that the company was “excited to be the first casino to offer sports wagering in Pennsylvania”.He added: “The enthusiasm around sports betting has been growing since the federal ban was repealed in May, and we look forward to providing our patrons with another great amenity to enjoy at Hollywood Casino at Penn National Race Course.”The PGCB is also currently processing out-of-state applications for online gambling licences in the state.A PGCB spokesperson told iGamingBusiness.com in September that a “co-ordinated launch” was possible before the end of the year, with applicants for the remaining licences set to face the luck of a draw to see if they have been successful.Penn National has previously said it expects the first online bets to be taken in Q1 2019. Regions: US Pennsylvaniacenter_img Topics: Sports betting Tech & innovation Sports betting Email Address Hollywood Casino at Penn National Race Course processed first bet yesterdaylast_img read more

24
Aug
2021

Revising the Wire Act: What does it mean for you? Part 1

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Legal & compliance Lottery Social responsibility Sports betting Poker Slots Tribal gaming Video gaming CSR DFS Horse racing Casino & games Tags: Card Rooms and Poker Charitable Gaming Fantasy Sports Mobile Online Gambling Payments Race Track and Racino Slot Machines Video Gaming The Department of Justice’s decision to revise its interpretation of the Wire Act could have a major impact on the nascent US iGaming industry. Or, as some suggest, its impact could be felt in gaming verticals that are well-established and generating money for operators and states alike. A selection of speakers from ICE Sports Betting USA discuss the DoJ’s about-turn. 29th January 2019 | By contenteditor Subscribe to the iGaming newsletter Regions: US Earlier this month the Department of Justice (DoJ) threw the future of igaming in the US into doubt by announcing that the 1961 Wire Act applies to all forms of gambling. This opinion, issued by the Office of Legal Counsel (OLC) and updating a 2011 ruling that stated the legislation only applied to sports betting, has withdrawn the legal certainty that has prompted a number of states to regulate online gaming.But how exactly it will impact regulated igaming and wagering is hard to discern. The Wire Act, which prohibits the use of wire communication technology for facilitating wagering across state or national borders, was believed to apply to sports betting, states were able to push for (and win) the right to regulate the vertical.Furthermore, the Wire Act only prohibits wagering across state lines. While that may indeed put 888’s All-American Poker Network, which links players in Delaware, Nevada and New Jersey, at risk, igaming and sports betting are regulated on an intrastate, rather than interstate, basis.Gaming and sports betting attorney Daniel Wallach argues there is not likely to be any discernible impact on sports betting, online gaming or poker.Even daily fantasy sports (DFS), which some have suggested may bear the brunt of the ruling, are unlikely to be hit, Wallach adds.“[Daily fantasy sports] should not be impacted since courts have held that DFS entry fees are not ‘bets’ or ‘wagers’,” he says. “And only ‘bets’ or ‘wagers’ are actionable under the Wire Act.”New Jersey congressman Bill Pascrell agrees, but warns that established verticals such as lottery may bear the brunt of the impact: “This DOJ memo and subsequent clarification letter will ultimately have limited impact on licensed operators in states that have legalized online gaming and sports betting although pooled interstate lotteries and interstate poker compacts will be tested,” he says.Therefore multi-state lottery jackpots, wildly successful in driving sales for state lotteries, are most likely to be hit. Rather than stem the tide of igaming regulation, the new opinion may instead hit efforts to raise funds for state education and infrastructure.“You may see these activities [in these verticals] curtailed for now, or more likely, the stakeholders in that space will seek to challenge the DoJ opinion in federal court since prior cases have held that the Wire Act applies only to sports betting,” Wallach adds.This is echoed by Maryland Lottery and Gaming Control Agency director Gordon Medenica. He describes the ruling as a “significant step backwards”.Others argue that whether or not the fine print actually transpires to work in the betting and gaming industry’s favour, the uncertainty the ruling will create could be damaging.“It certainly doesn’t help sports betting’s cause across the States and will no doubt serve to create further uncertainty,” KMigaming chief executive Keith McDonnell says. “[At] this point it’s an opinion and how the courts interpret that will be interesting to see.“But as we know with Brexit, and other non-sector-related hot topics, uncertainty is the main barrier to positive progress and in that regard this development can’t be good,” he adds. “Investors will get nervous, deals will slow down and the real ones to benefit will be those doing business from hammocks on sandy beaches.”Catena Media’s Michael Daly says simply that the ultimate result of the revised ruling will be more angst for the industry. While it does not seem to affect igaming and sports betting, he says, it could still be exploited by opponents of each sector.“The opinion is just that, an opinion; it is how it is to be interpreted and acted upon that remains the great unknown,” he explains. “It opens up a number of doors that could be pursued depending on what forces wish to do to disrupt some very profitable businesses for the states.“That includes not just online sports, casino, DFS but lottery, online and land based, as well as Wide Area Progressives which are high earning products in all American land-based casinos,” Daily continues. “Until some of this enforcement, or premeditative legal actions come, it will just leave a state of uncertainty, a state which is poor for all business. That will last through a long, multi-tier legal fight which will be months if not years in resolving.”This makes the need for some sort of certainty vital.Art Manteris, vice president of race and sports operations for Station Casinos’ Red Rock Resorts, says it is “vitally important” for casino operators to be advised by the DoJ on what the ruling will actually mean for them.GLMS’ Ludovico Calvi says a follow-up memo from the DoJ on how licensed operators should conduct their businesses would be welcome.Calvi says that in the coming months, the key focus must be on the systems used by licensees in states to facilitate online betting and gaming. He says that the Wire Act opinion could be used to argue that any unintentional routing of digital gaming data across state borders could constitute a breach.“The argument here is that digital gaming transactions infringes the Wire Act simply because it is difficult to guarantee the routing of internet traffic within a given state,” he explains.“In the next weeks, the debate will definitely focus on the question of internet traffic monitoring and control within state borders and how to guarantee that transactions do not route out-of-state along the way because of network switching.”In the second part of iGB’s investigation into the Wire Act ruling, we will discuss how operators and suppliers are preparing to cope with the regulatory uncertainty, and the need for further clarity from the DoJ. Revising the Wire Act: What does it mean for you? Part 1 Email Addresslast_img read more

24
Aug
2021

GAN mulls sale options after revenue rises in 2018

first_img GAN mulls sale options after revenue rises in 2018 Casino & games Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter iGaming and software provider GAN has commenced a strategic review to consider a potential sale, listing in the US stock exchange or bringing in new investment, after posting a 16% year-on-year increase in net revenue for 2018.center_img 29th March 2019 | By contenteditor Tags: Online Gambling iGaming and software provider GAN has commenced a strategic review to consider a potential sale, listing in the US stock exchange or bringing in new investment, after posting a 16% year-on-year increase in net revenue for 2018.GAN has enlisted investment bank Union Gaming to assist with the process as it considers its options in the wake of releasing its full-year financial results.Revenue for the 12 months through to December 31, 2018, amounted to £10.6m (€12.3m/$13.8m) compared to £9.1m in the previous year.GAN put this down to an improved performance by its real-money gaming arm, where revenue increased by £1.2m to $4.9m for the year, as well as an improved performance by its Simulated Gaming operation.Simulated Gaming development fees were also down £200,000, while revenue share increased £400,000 to £4.2m, which resulted in an overall 5% rise for this area of the business. GAN said that growth in New Jersey in the US and Italy helped boost Simulated Gaming, with the provider having deals in place with 14 casinos across the two markets.However, GAN was hit by a rise in both distribution costs and administrative expenses in 2018, with total operating costs climbing from £13.2m in 2017 to £16.9m in the past 12 months.Distribution costs, which include royalties to third parties, direct marketing and the costs of operating hardware platforms across the business, totalled £9.6m, up from £9.1m. GAN put this down to increased royalties payable to providers of third-party games content in Europe for real-money gaming and in the US for Simulated Gaming.In terms of administrative expenses, which include the costs of personnel and related expenditure for its offices in the UK, Israel and Bulgaria amounted to £7.3m, compared to £5.5m in 2017.This seemingly had an impact on earnings and profit for the year, with clean earnings before interest, tax, depreciation and amortisation slipping from a profit of £454,000 in 2017 to a loss of £1.5m last year.Among the reasons for this decline were greater investment in technology headcount to support a growing sales pipeline and partner expansion plans, as well as a loss of £200,000 on its overseas internet casino, launched on behalf of tribal operator the Chichasaw Nation, and the recognition of the sale of Moneygaming.com and its associated website in 2017.Operating losses also widened from £4.1m to £6.4m, while loss before taxation also increased from £4.2m to £6.7m. Loss for the year attributable to owners of the parent company amounted to £6.0m, up from £3.5m in the previous year.However, despite posting wider losses, GAN’s CEO Dermot Smurfit was upbeat about the past year, describing it as a milestone 12 months for the provider. He said GAN had continued to adapt to positive changes in the online gaming market and now is well positioned for 2019.Smurfit cited the repeal of PASPA in the US as one of the key highlights of 2018 for GAN, saying this will open up a host of new opportunities for growth in regulated states.“The repeal of a 25 year-old Federal ban on sports betting in America in May 2018 cleared the path for GAN to launch internet sports betting just four months later following a complex re-allocation of our internal engineering resources in order to integrate the first sports betting application into our enterprise software platform,” he said. “A number of significant commercial and strategic developments occurred in 2018 and early 2019, the most significant of these was the launch of internet sports betting but the second most significant was the licensure of GAN’s US Patent to PaddyPower Betfair’s US subsidiary.“Management believes that the recognition of GAN’s US Patent significantly underpins GAN’s intangible asset value and could potentially lead to further client partnerships and US Patent licensing revenue opportunities,” Smurfit explained. “We believe GAN has developed considerable momentum in the US market and that the Company is well-positioned to secure additional profitable opportunities from incremental US States which regulate real money internet gambling over time.”Outside of the US, Smurfit cited further growth potential in Europe singling out Italy as a key market for the provider moving forward.“Our Italia regulated internet gaming business grew substantially with the addition of our ninth client, Goldbet, a major retail sports betting and gaming operator,” he said.“The Overseas Internet Casino, WinStar.com, launched user acquisition and retention marketing in September 2018 through the efforts of our newly-established multi-client digital marketing agency ‘GAN Digital’, established in Tel Aviv, Israel earlier in the year.”Smurfit added: “We remain confident in our prospects for 2019 and beyond.”Analysts at Regulus also picked up on this US focus, saying that GAN is now at a strategic crossroads, having covered its UK licensee exit with a commitment to the US.However, Regulus warned that “with nearly all of its eggs in the US basket (from a strategic potential perspective), albeit spread across platform (including sportsbetting), casino and Simulated”, it remains to be seen whether this strategy will pay off.Regulus said: “The big question is whether a small company with limited resources can compete in the US even with a head start, given the level of competitiveness, investment required and uncertainty of both timing and outcome.“GAN has perhaps answered this question by putting itself up for sale this morning.” Topics: Casino & games Finance Sports bettinglast_img read more

24
Aug
2021

Paf details new responsible gambling push in Latvia

first_imgStrategy AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 17th October 2019 | By contenteditor Regions: Europe Baltics Latvia Tags: Online Gambling Subscribe to the iGaming newsletter Paf details new responsible gambling push in Latvia Email Address Åland Islands-based Paf has joined forces with four other operators on a new initiative to strengthen their responsible gaming efforts in Latvia.Paf, which operates as Pafbet in Latvia, will work with Betsafe, Optibet, 11.lv and Feniksscasino to improve their responsible gaming measures beyond the requirements of gambling law in the Baltic state.Latvia’s Gambling Act includes only a small number of responsibility measures, such as that players must set a bet limit for one game or a maximum amount for all bets within a 24-hour period. Consumers can also self-exclude from a gaming operator.However, the new initiative will see Paf and the other operators introduce their own responsible gaming tools. The group, which together represents 90% of the Latvian online gaming market, agreed to launch these measures by 30 June 2020.Rihards Streikis, Paf’s manager in Latvia, said among the operator’s own targets will be to introduce new facilities for self-tests, deposit limits, closing specific game categories and publishing proactive information on responsible gaming.“It will be a clear improvement on what the gambling law in Latvia requires,” Streikis said. “Paf’s licensed brand in Latvia may currently have a small part of the market but we have the most developed responsible gaming; we are an example for the other operators.”The commitment comes after Paf this month also moved to lower its maximum annual loss limit from €30,000 (£25,854/$33,226) to €25,000 in order to offer greater protection to its players from gambling-related harms.Paf introduced the initial loss limit in June 2018 and at the time estimated that it would lose 5% of its income because of the feature. In May, Paf cited the limits as the primary reason for a decline in overall revenue in 2018.Revenue slipped from €116.5m to €111.8m and online revenue fell from €84.5m to €80.0m in 2018. This month, Paf said the lowering of the limit should cost the business about 2% of its revenue, or around €2m. Topics: Strategy Åland Islands-based Paf has joined forces with four other operators on a new initiative to strengthen their responsible gaming efforts in Latvia.last_img read more

24
Aug
2021

Tabcorp scores sports betting partnership with NBA

first_img Australian lotteries and betting operator Tabcorp has entered into a partnership with North America’s National Basketball Association (NBA).Under the multi-year agreement, Tabcorp will now serve as an authorised sports betting operator of the NBA in Australia and use official NBA league marks on its various platforms.The partnership will also bring NBA TV, the league’s 24-hour television network, to Tabcorp’s Sky Channel in more than 4,400 TAB retail and entertainment sites across Australia.Sky Channel will feature various NBA TV programming such as live NBA games, highlights and original content. In addition, Tabcorp will create its own NBA content and experiences for fans at its venues. “Our goal is to support the growing appetite in Australia for the NBA, which currently features the strongest contingent of Australian players we have ever seen,” Tabcorp’s managing director for wagering and media, Adam Rytenskild, said.“The NBA is popular with our customers, and we are proud to establish this partnership to bring fans of the competition a wide range of action in pubs, clubs and TABs. This creates an expanded sports offering, gives fans and our venue partners more value, and complements Sky’s unrivalled coverage of Australian and international racing.”Scott Levy, executive vice president, managing director of NBA Asia, added: “Tabcorp’s extensive retail network will bring NBA TV to millions of fans throughout Australia. “We also look forward to working with Tabcorp on integrity monitoring in their new role as an authorised sports betting operator.”The new partnership comes after Tabcorp last month also agreed a similar deal to become the official wagering partner of the National Football League (NFL) in Australia.The agreement allows Tabcorp to create NFL content and experiences for Australian fans across its digital platforms and venues. In addition, TAB and the NFL will combine to promote the NFL’s official ‘Pick’em’ free-to-play football game.Image: Chensiyuan AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Oceania US Australia Sports betting Australian lotteries and betting operator Tabcorp has entered into a partnership with North America’s National Basketball Association (NBA). Tabcorp will now serve as an authorised sports betting operator of the NBA in Australia. Subscribe to the iGaming newslettercenter_img Topics: Sports betting 22nd October 2019 | By contenteditor Tabcorp scores sports betting partnership with NBA Email Addresslast_img read more

24
Aug
2021

Australian Parliament passes self-exclusion bill

first_img The Australian Parliament has approved legislation to establish the country’s National Self-Exclusion Register, with the Morrison Government hailing its passage as filling a “critical gap” in the country’s consumer protection safeguards. Email Address The Australian Parliament has approved legislation to establish the country’s National Self-Exclusion Register, with the Morrison Government hailing its passage as filling a “critical gap” in the country’s consumer protection safeguards.The Senate and House of Representatives have passed a bill to legally introduce the self-exclusion system, and a companion bill, to introduce a levy to cover the costs of launching it. Each was introduced to the legislature last week.The first, the Interactive Gambling Amendment (National Self-exclusion Register) Bill 2019, gives the Australian Communications and Media Authority (ACMA) ultimate responsibility for oversight of the register.The ACMA must arrange for a body to manage the self-exclusion database. Once players register, licensed interactive wagering operators must not communicate with these individuals, or disclose any information about these customers for marketing purposes.Operators that target self-excluded players, or allow such players to sign up for an account, will be hit with a fine of between 60 and 180 penalty units. A penalty unit is a fine of varying value dependent on which Australian state the offence occurs, generally of at least AUD$100 per unit.The accompanying National Self-exclusion Register (Cost Recovery Levy) Bill 2019, meanwhile, states that ACMA will be responsible for determining the levy on each licensee. In total this sum must not exceed the total outlay of ACMA on the self-exclusion project.Minister for Families and Social Services Anne Ruston said the passage of the bills would ensure the government has the necessary power to ensure the industry is compliant and funds the National Self-Exclusion Register.“The Register will allow people to quickly and easily exclude themselves from all interactive wagering services licenced in Australia through a single registration process,” Minister for Families and Social Services Anne Ruston said.“This will meet a critical gap in consumer protection for Australians who gamble online and reduce the harm of online wagering to vulnerable consumers,” she explained. “I would like to thank organisations like Tabcorp, Responsible Wagering Australia and Financial Counselling Australia for their input to date to implement the Register.”Minister for Communications, Cyber Safety and the Arts Paul Fletcher added that ACMA had already launched a request for expressions of interest as it begins the process of procuring a third party technology partner to supply, operate and maintain the register. 5th December 2019 | By contenteditor Australian Parliament passes self-exclusion bill Topics: Legal & compliance People Sports betting Regions: Oceania Australia Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Mobile Online Gambling Legal & compliancelast_img read more

24
Aug
2021

GVC set to reopen English retail network from 15 June

first_img Subscribe to the iGaming newsletter Topics: Strategy Regions: UK & Ireland 9th June 2020 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter GVC Holdings has announced plans to reopen all 2,445 of its Ladbrokes and Coral betting shops in England from 15 June, in line with the UK’s government’s easing of restrictions related to the novel coronavirus (Covid-19) pandemic.From 15 June, non-essential shops will be permitted to reopen after they were forced to temporarily close in March when the UK entered a state of lockdown as part of an effort to slow the spread of Covid-19.Shops will only be able to reopen if they put in place social distancing and safety procedures to protect customers and staff, with GVC having set out its plans in advance of resuming retail activities from next week.Among these measures will be property maintenance checks each day before a shops can open, including the cleaning of screens, bet stations, gaming machines.GVC will also introduce a series of tools to support social distancing, such as the installation of glass barriers at cashier points, as well as new customer signage and floor markings, and training for all staff on the new measures.Players will be able to use a stylus at bet stations and gaming machines so that they do not have to physically touching screens, while GVC will also place additional hand sanitiser stations, hand wash and cleaning products at its sites.Employees will have access to face masks, protective shields and disposable gloves, while enhanced cleaning routines the customer and colleague areas will be rolled out.GVC will also provide guidance on maximum customer occupancy levels, based on size and layout of each shop, as well as customer entry/exit management procedures and bet placement and payment processes.Other measures will focus on safer gambling, such as increased monitoring of customer behaviour and wellbeing, to identify potentially vulnerable player, as well as guidance on interactions with these players and a review of self-exclusion lists.Devolved nations of the UK, including Scotland, Wales and Northern Ireland are yet to confirm when shops will be allowed to reopen, but GVC said that it would resume activities at these sites and introduce its new measures when lockdown restrictions are eased.“We are very pleased to be re-opening our shops in England as the UK begins the first steps in returning to some form of normality,” GVC chief executive Kenny Alexander said.“Ever since the lockdown was introduced, we have been working tirelessly on a plan which will deliver the safest possible environment for both our customers and our people. I am confident we have achieved that and look forward to welcoming our customers back in the near future.”GVC’s Ladbrokes and Coral sites is likely to be joined by other betting shops in reopening from next week, after the Betting and Gaming Council (BGC) said its members are also preparing to resume retail activities from 15 June. The BGC has previously announced that British casinos will be ready to open from 4 July, the first opportunity for a resumption of activity.“It’s great news that betting shops will be re-opening their doors on June 15,” BGC chief executive Michael Dugher said. “They make a significant contribution to the economy, supporting good jobs on the high street, and providing enjoyment for the millions who like a flutter.“GVC make a significant contribution to the economy, supporting good jobs in communities across the country, and it’s great to see at first hand their commitment to ensuring that their reopened shops will provide a safe and enjoyable environment for staff and customers alike.” GVC Holdings has announced plans to reopen all 2,445 of its Ladbrokes and Coral betting shops in England from 15 June, in line with the UK’s government’s easing of restrictions related to the novel coronavirus (Covid-19) pandemic. Tags: OTB and Betting Shops GVC set to reopen English retail network from 15 June Strategy Email Addresslast_img read more

24
Aug
2021

YGAM to educate Unison members on gambling harm

first_img YGAM to educate Unison members on gambling harm The Young Gamers and Gamblers Education Trust (YGAM) has joined forces with Unison on a new initiative to provide members of the UK trade union with expert training on gambling and related harms. Supported by the National Gambling Education Programme, a £10.0m (€11.1m/$13.1m) project backed the Betting and Gaming Council (BGC), YGAM is providing free workshops and resources to anyone who works with or cares for young people. The workshops cover key information on gaming and gambling in the UK, with the resources to provide Unison members with tools to help safeguard young people from gambling-related harm. These include lesson plans, activities, signs to look out for and information on where to go to access support. Unison, which has over 1.3m members, has initially organised for YGAM to run a number of national sessions, with the aim of following this up with a series of regional training through its education teams across the UK. “We are really pleased to have developed this relationship with YGAM, their training and resources are really excellent and will be an invaluable resource to our members to support them in their work with young people across public services,” Unison’s head of learning and organising Teresa Donegan said. YGAM operations director Kev Clelland added: “We are constantly listening to the needs of practitioners and young people and it is very clear from these conversations that the workers that Unison represents need and appreciate our resources more than ever.  “YGAM’s vision is for all young and vulnerable people to be safe from gaming and gambling related harms and this collaboration will help us reach thousands of young people to raise awareness of the potential risks of gambling and gaming related harm.” The new partnership comes after YGAM last month partnered research teams from Newcastle and Loughborough Universities to launch Parent Hub, a portal that aims to educate parents and carers about the risks of loot boxes. The hub features resources, information and activities to help safeguard children online. Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Sports betting Strategy Video gaming The Young Gamers and Gamblers Education Trust (YGAM) has joined forces with Unison on a new initiative to provide members of the UK trade union with expert training on gambling and related harms. Regions: UK & Ireland Casino & games 13th August 2020 | By contenteditor Subscribe to the iGaming newsletter Tags: Online Gambling OTB and Betting Shops Video Gaminglast_img read more

24
Aug
2021

Gauselmann reports 6.7% revenue growth in FY19

first_img Gauselmann reports 6.7% revenue growth in FY19 Tags: OTB and Betting Shops Slot Machines Casino & games Email Address German gaming giant Gauselmann Group has reported a 6.7% year-on-year rise in revenue for its 2019 financial year, despite its business being impacted by the novel coronavirus (Covid-19) pandemic. Subscribe to the iGaming newslettercenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter German gaming giant Gauselmann Group has reported a 6.7% year-on-year rise in revenue for its 2019 financial year, despite its business being impacted by the novel coronavirus (Covid-19) pandemic.Revenue for the 12-month period amounted to €2.56bn (£2.31bn/$3.04bn), up from €2.41bn in the previous year.International markets were the primary source of income for Gauselmann during the year, with revenue in this segment rising 14.4% to €1.58bn. However, the group saw revenue from Germany decline 3.7% to €998.0m.The group said that the international growth, and decline in German revenue, followed a trend that had been observed over a number of years.Gauselmann founder and chief executive Paul Gauselmann added that sales from outside Germany increased continuously before the novel coronavirus (Covid-19), with 60% of all sales in FY19 generated outside of its native Germany.“This reduced our dependency on our core market of Germany, where the legal framework has unfortunately deteriorated for years,” Gauselmann said.Gauselmann did not publish a full breakdown of figures for the year, but did reveal that it was able to expand its global workforce by 451 employees to a total of 13,846.According to CEO Gauselmann, the steps taken by the group during the height of Covid-19 in Germany enabled it to keep all staff in work. This included shutting down all production and sales activities across its business.In total, 13,500 employees were put on furlough, while all board members and company managers – around 60 people – agreed to waive 50% of their salary for the duration of the shutdown.Development departments around the world continued to operate on a part-time basis so that staff could focus efforts on products for the future. Employees then started going back to work on a full-time basis from late April.“This enabled us to focus on maintaining the almost 14,000 jobs in full, despite the Europe-wide closure of our 800 gaming venues, the many hundreds of sports betting shops and the 10 German casino locations and the casinos on cruise ships in the company,” Gauselmann said.Other key developments included Gauselmann consolidating the management of all global sales activities from its Merkur Gaming headquarters site in Lübbecke, Germany.More recently, Gauselmann’s Merkur Sportwetten subsidiary last month boosted its stake in Belgian sports betting operator Betcenter Group to 74.9%, as part of plans to grow its omni-channel business in the country. 7th September 2020 | By contenteditor Topics: Casino & games Finance Strategy Slotslast_img read more