iGaming Dashboard – June 2018

first_img29th May 2018 | By Stephen Carter Email Address Tags: Online Gambling Updated to include April 2018 IMF GDP forecasts, extension of date range to 2023 and US sports betting Finance H2 Gambling Capital and iGaming Business are pleased to bring you the June 2018 iGaming Dashboard.The iGaming Dashboard is your monthly overview of the igaming sector in numbers and enables you to follow the evolution of the igaming sector.This is month’s edition has updated to include April 2018 IMF GDP forecasts, extension of date range to 2023 and US sports betting.We have recently added the pre-match vs. in-play split for global sports betting GGR.Click on the different years to see how total global gambling gross win for igaming will evolve between now and 2022, geographical breakdowns provide you with an overview of revenue levels for key regions around the world, while the vertical breakdown shows how much different product segments generate and the levels they are set to grow to.The term “white market” is used to describe taxed or fully legitimate markets, including the UK and any other that is in transition.We have removed all unconfirmed forecast igaming activity — mostly five to six US states, including the poker market in California — from our projections due to uncertainty over the timing of future market developments.H2 Gambling Capital is the gambling industry’s leading consulting, market intelligence and data team. The company has a track record of 15 years focused on the global gambling industry, its projections have been influential in shaping legislators’  and investors’ views of the gambling sector across the globe.center_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Subscribe to the iGaming newsletter iGaming Dashboard – June 2018last_img read more

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New Zealand government sets out plans to tackle problem gambling

first_img Topics: Legal & compliance Email Address Public consultation taking place over future strategy New Zealand’s Ministry of Health (MoH) has said it is assessing the use of technology to address the issue of problem gambling in the country, amid a public consultation for its future strategy to prevent and minimise gambling harm. The MoH launched the consultation last month. It undertakes a refresh of the strategy every three years and the consultation process will run through to September 21. Feedback received will act to shape the future direction and content of the Ministry’s Strategy to Prevent and Minimise Gambling Harm 2019-20 to 2021-22. Included are draft proposals for the strategic plan, which sets out the general strategic direction and priorities for the government to address the issue. This framework comprises the proposed funding levels for the Ministry, in relation to the gambling harm prevention and minimisation activities described in the strategy. It also spells out the proposed service plan for the three years from 2019-20 to 2021-22, along with the proposed problem gambling levy rates and weighting options per gambling sector. The NZ Government enacted the Gambling Act 2003 with statutory requirements to develop an integrated strategy to prevent and minimise gambling harm and that it be reviewed every three years. The MoH acknowledged that the latest review is important in addressing the rapidly evolving gambling and gaming market. A MoH spokesman told iGamingBusiness.com: “This three yearly review recognises that changes can occur quickly in the gambling environment and allows the strategy to adapt and respond to changes.“The draft Strategy to Prevent and Minimise Gambling Harm for 2019-20 to 2021-22 discusses a number of factors that the Ministry considered when developing the proposed service plan for this period. Some of these factors address the rapidly evolving and developing gambling environment, for example, the possible growth in online gambling and the convergence between gambling and gaming.”The Act requires the Ministry to complete a gambling harm needs assessment to inform the strategy development for each strategy period. For the development of the draft strategy for 2019-20 to 2021-22 the needs assessment showed that while there has been little change in the percentage of the population affected by gambling harm, the total number of people affected has increased in line with population growth.The MoH also said that significant inequities attributable to gambling harm persist for vulnerable at risk groups, such as Mâori, Pacific people and those on low incomes. While the Ministry said service uptake has been well below expected demand, it added that about 50% of electronic gaming machines, which research shows present the highest risk of harmful gambling harm, are located in the areas with the highest socio-economic deprivation. These areas also tend to have high Mâori and Pacific populations, with these communities experiencing the highest rates of gambling harm.Concerning the main problem areas regarding gambling in New Zealand at present, the MoH added: “The main area of harm comes from non-casino gaming machines (NCGM) or pokies, commonly seen in clubs and pubs, which contribute the highest share of both people seeking help (53%) and sector expenditure (38%). “We have also seen a steady increase in lotteries presentations and spending, which now rivals casino expenditure. The emerging areas of concern are internet-based gambling and the convergence between gambling and gaming, both of which are currently unregulated.” Despite these issues, the MoH said it is “heartened” with the attitude shown by the industry towards problem gambling. It added: “While there is always room for improvement when it comes to reducing gambling harm, the Ministry is heartened by the increasing commitment from the gambling industry to instituting a ‘culture of care’. “The Ministry is looking at options to support this, for example using technology to assist where people experiencing gambling harm wish to exclude themselves from venues.” Consumers in New Zealand spent NZ$2.33bn (£1.21bn/€1.35bn/US$1.56bn) on gaming and gambling in the 2016-17 financial year, up 5.7% on the previous 12 months. Figures released by New Zealand’s Department of Internal Affairs in February showed punters spent NZ$125m more than the previous year.Image: Jamie Adams Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Regions: Oceania New Zealand New Zealand government sets out plans to tackle problem gambling 6th September 2018 | By contenteditor Legal & compliancelast_img read more

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Securing the US market at scale

first_img Subscribe to the iGaming newsletter Uncertainty and rapid growth create a breeding ground for fraudsters, so how can the US sports betting market prepare? Topics: Tech & innovation Securing the US market at scale AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresscenter_img Fraud in the USCurrently, there remains a high degree of uncertainty in the US market, and Karl says this is in part due to the emerging patchwork regulatory framework. This in itself creates risk, he says: “Fraudsters love to take advantage of uncertainty, and this combined with rapid growth is a breeding ground for fraud. I think the market will be able to withstand this but operators will need to address this sooner rather than later.”He continues, explaining that the US is always a high action point for fraud as a result of the amount of variation – not only in terms of regulation, but also technology:  “There are lots of different payment methods, channels for payments and data. The high degree of optionality and growth conspire to make the US challenging.”To address this, Karl says it will be important to be aggressive and proactive when it comes to fraud, but also to be transparent. “The nascent market with this level of demand will lead to fraudulent concerns such as money laundering. Operators will need to use the opportunity of being new to be as proactive as possible, to show regulators and the public that this industry can work.” Designing for balanceWith such an opportunity to build the gambling market from the ground-up, Karl says the focus should be on the mobile environment, as that is where he believes most of the growth will come from (See graphic, left, from 2019 iovation Gambling Report). Additionally, managing compliance from a location, age, fraud and data perspective is easier in a lot of ways on mobile devices.User experience and reducing friction are challenges for operators the world over, but Karl says this will be even more important in the US, as the in-game experience will require speed and transparency more than ever. Additionally, he says that as mobile is seen as lower risk, over time it’s opened doors for fraudsters to pretend to be on mobile.However, there are new solutions to help nullify these challenges, he says: “The best way to tackle this is by adapting with new technology for verifications, a lot of which are embedded into these devices.”To tackle the challenges facing the US market, Karl says you need to have tools which can adapt to different regulatory environments, while also striking a balance between compliance and user experience.The ability to take advantage of new technology is already there, with Karl advising: “Operators will have to decide whether they devote resources internally or leverage companies, like iovation, who can help them.”Karl says it also comes down to how much operators will cooperate with each other, suggesting that a unified message is much more beneficial when it comes to the wider public.He notes: “Operators are coming around to this, especially with regulators continuing to up the pressure. The question comes down to this: do operators want to own that process, or let it be let by the states and push them into groups?”The biggest takeaway, says Karl, is that operators must figure this out now, lean on those who know and start from the ground up.To view iovation’s 2019 Gambling Report and other industry-related resources, click here. Jon Karl is executive vice-president of corporate development and co-founder at iovation, a TransUnion Company, where he develops technology and information partnerships. iovation was founded in 2004, and provides authentication and fraud prevention solutions to the igaming industry with the aim of reducing account takeovers, defending against attacks and improving customer experience.There is no doubt that the US sports betting market is an exciting opportunity, with many predicting rapid growth across the market.However, Jon Karl, executive vice-president of corporate development and co-founder at iovation, a TransUnion Company, says this, combined with regulatory uncertainty, makes the market a “breeding ground for fraud.”Operators face a delicate balancing act as this market develops, Karl says, and now more than ever must focus on fraud prevention. Tech & innovation 8th April 2019 | By Josephine Watsonlast_img read more

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MGA seals data sharing deal with darts regulatory body

first_img Topics: Legal & compliance Sports betting Tags: Mobile Online Gambling Email Address The Malta Gaming Authority (MGA) has signed a data-sharing agreement with the Darts Regulation Authority (DRA), while the regulator has also announced a partial reopening of gaming parlours on the island.The agreement with the DRA, the body responsible for regulating professional and amateur darts competitions worldwide, aims to ensure suspicious activity and betting-related corruption can be properly investigated.“The DRA performs an important role in keeping darts safe from corruption and match-fixing,” its chair Nigel Mawer said. “This new partnership with the MGA will go a long way towards helping the DRA protect the sport.“It sends a clear message that the DRA has the worldwide ability to detect and prosecute players who breach the betting rules and damage the sport.”MGA sports integrity manager Antonio Zerafa added: “The novel coronavirus (Covid-19) pandemic altered the very foundations of sports betting. However, these unprecedented circumstances did not diminish our ambitions towards meeting and partnering with new sport governing bodies such as DRA.”Similar agreements have been signed in recent weeks with the likes of the World Professional Billiards & Snooker Association and Malta’s Financial Intelligence Analysis Unit.In related news, the MGA allowed gaming parlours (gaming halls) to reopen from Friday 22 May, albeit only allowing over-the-counter sports betting. The venues had been shut since 17 March as a result of Covid-19. Customers are now able to place bets at the facilities, though no other products will be permitted for the time being.It comes after lotto booths were allowed to resume selling tickets, from 4 May.In related news, Global Gaming Entertainment Group has had its B2C licence cancelled for failing to pay regulatory and compliance contribution fees, and for failing to have personnel approved by the regulator.Brands such as 1xBet.gr, and BetCapo.gr operated under its licence. The company is not connected to Ninja Casino operator Global Gaming. Regions: Europe Southern Europe Malta The Malta Gaming Authority (MGA) has signed a data-sharing agreement with the Darts Regulation Authority (DRA), while the regulator has also announced a partial reopening of gaming parlours on the island. MGA seals data sharing deal with darts regulatory body AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 26th May 2020 | By contenteditor Legal & compliance Subscribe to the iGaming newsletterlast_img read more

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Flutter completes £800m share sale as Q2 revenue grows

first_img Flutter Entertainment announced plans to accelerate US expansion and reduce debt through an equity placement that raised £812.6m, after revealing a 10% rise in revenue for the first 47 days of its second quarter. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Card Rooms and Poker Mobile Online Gambling OTB and Betting Shops Subscribe to the iGaming newsletter Flutter Entertainment announced plans to accelerate US expansion and reduce debt through an equity placement that raised £812.6m, after revealing a 10% rise in revenue for the first 47 days of its second quarter.The period in question saw a strong performance from recently acquired Stars Group’s international business, helping offset declines in its Paddy Power Betfair and Sky Bet divisions.The equity raise took the form of a non-preemptive placing of 8,045,995 new ordinary shares, at a price of €112.42 per share. This represents a 4.7% discount on Flutter’s closing share price on 28 May, while the shares sold amount to 5.5% of the company’s issued share capital. Goldman Sachs International and J&E Davy acted as joint coordinators and book runners for the placing, with the new shares to begin trading on the London Stock Exchange and Euronext Dublin on 2 June.As part of this agreement, Fox Corporation, which gained the option to acquire an 18.5% stake in Flutter in 2021, following its merger with The Stars Group, has increased its investment in the operator. Fox already held a 4.99% stake in the PokerStars operator, having acquired this stake through May 2019’s Fox Bet joint venture.Fox Corporation chairman and chief executive Lachlan Murdoch said his business was “bullish” about the opportunities in the online sports betting market.“Fox Bet has shown strong growth since launching last fall, and we look forward to continuing that success with our partner, Flutter,” Murdoch said. “Fox’s investment in Flutter underscores our confidence in Flutter’s business and its management’s ability to continue to drive leadership in the US market.”Despite the uncertainty caused by the pandemic, Flutter chief executive Peter Jackson (pictured) said the business was now “starting to look more directly to the future in terms of planning for growth” through the placement.“Businesses around the world are navigating through extraordinary change as a result of the Covid-19 pandemic,” Jackson said. “As with many other sectors, in betting and gaming there have been stark impacts as much of the world has gone into lockdown, with some parts of the sector struggling and others thriving as consumers change their purchasing habits,” he said.He pointed out that the operator had looked after customers and colleagues, enhancing responsible gambling safeguards and not relying on government job protection schemes for staff unable to work.The trading update for second quarter, to 17 May, released alongside the placement announcement, sees the business release its first figures since the merger with The Stars Group was completed on 5 May.It reveals a 10% year-on-year rise in the quarter to date, despite the widespread disruption caused by the novel coronavirus (Covid-19) pandemic.The standout performer in the first 47 days of Q2 was TSG International, the division comprising PokerStars’ international business. This saw revenue rise 92% year-on-year for the period, at a time when the poker vertical is enjoying something of a return to prominence.Also performing strongly in the period was the US business, comprising FanDuel Group and all US-facing PokerStars and Fox Bet elements, with revenue up 61% from the prior year. Australian revenue, comprising Sportsbet and BetEasy, was up 56%.Both the US and Australia benefitted from the continuation of horse racing behind closed doors and retail betting outlets being shut, which Flutter said accelerated the migration of retail customers online.With an accelerated roll-out of betting and gaming legislation in the US expected in the wake of the pandemic, Flutter said the placement would help take advantage of new opportunities as and when they arise.“Flutter is determined to give its US business the best possible platform for future success and to replicate the leadership position it has achieved in the states that have regulated to date,” it said.This will see it look to secure additional market access deals in individual states, as well as increasing investment in customer acquisition, supported by the proceeds.While the gaming-focused and US and Australian businesses performed strongly, the closure of betting shops and suspension of sports as a result of Covid-19 impacted both the Paddy Power Betfair (PPB) and Sky Betting & Gaming divisions.For PPB, which includes the Paddy Power online, retail and B2B operations, as well as Betfair and Adjarabet, revenue across all channels was down 54%. Online experienced a 41% year-on-year decline, while the closure of the group’s retail premises meant the channel contributed nothing for the period.The online-only Sky Betting & Gaming, on the other hand, saw revenue fall 28%.While Flutter said group performance was encouraging, and reflected the strength and breadth of the product offering and geographic footprint, it noted the business still faced significant uncertainty.This centred around the timing of the resumption of sports, and when this would be televised, as well as the return of retail – and level of customer activity – in its shops. It noted that customer migration online, having been accelerated by nationwide lockdowns, could also effect the retail business.The operator noted that while poker and gaming had benefitted from the sports shutdown, growth was likely to taper as sports returned. Through the funds raised via the placement, it said, it would be able to ensure it can retain these new online customers acquired during the pandemic. Furthermore, it added, it would then also be able to take opportunities to acquire market share from less diversified competitors.Finally, it added, the global economic impact of Covid-19 could reduce customer demand as finances became tighter. All this uncertainty made it prudent to facilitate a faster de-leveraging of the company’s balance sheet, leading to interest cost savings and reduced annual cash outgoings. The placement could also reduce its net debt to EBTIDA ratio, it added.When the merger was completed, Flutter said this ratio stood at 3.5x, but based on projected earnings of £950m for 2020, the ratio could be reduced by 0.9x. Its ultimate target is to reduce the ratio to between 1.0x and 2.0x. 28th May 2020 | By contenteditor Regions: UK & Ireland US Topics: Casino & games Finance Sports betting Strategy Poker Casino & games Flutter completes £800m share sale as Q2 revenue grows Email Addresslast_img read more

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Alberta to allow online 50/50 raffle ticket sales

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Alberta to allow online 50/50 raffle ticket sales Subscribe to the iGaming newsletter Alberta Gaming, Liquor & Cannabis announced that ticket sales for 50/50 raffle prize draws will now be available online to gaming customers in the province. 14th July 2020 | By Conor Mulheir Lottery Email Address Alberta Gaming, Liquor & Cannabis announced that ticket sales for 50/50 raffle prize draws will now be available online to gaming customers in the province.AGLC aims to diversify the means by which its customers can access its products, in order to increase revenues and, therefore, proceeds to local charitable organisations.Alain Maisonneuve, president & CEO of AGLC said: “Adult Albertans in all corners of the province will now get a chance to support causes that are important to them from the ease of their smart phones and laptops. In 2018-19, AGLC issued more than 14,000 raffle licences and from that, more than $170 million was raised in support of programs and services important to Albertans.”As well as making 50/50 raffle tickets available online, AGLC is reducing the limit for the allowable use of random number generators (RNGs). Previously, RNGs were permitted to be used only on draws where the total value of ticket sales exceeded CAD$1m.After consulting with stakeholders, the threshold for allowing the use of RNGs has been lowered to $100,000 in ticket sales.Read the full story on iGB North America. Tags: Mobile Online Gambling Topics: Lottery Regions: Canadalast_img read more

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MGM appoints InterActiveCorp leadership to board

first_img Topics: Casino & games People Strategy MGM Resorts International has appointed a number of executives from online media giant InterActiveCorp (IAC) to its board of directors.IAC chairman and senior executive Barry Diller and chief executive Joey Levin will both join the MGM board, which will now consist of 14 members.The double appointment comes after IAC recently committed to a significant investment in the operator, acquiring a 12% stake in the business for approximately $1bn.At the time Diller and Levin explained that the operator’s nascent online betting and gaming business, through its BetMGM joint venture with GVC Holdings, was a major factor in IAC’s decision.Read the full story on iGB North America. MGM appoints InterActiveCorp leadership to board 21st August 2020 | By contenteditor MGM Resorts International has appointed a number of executives from online media giant InterActiveCorp (IAC) to its board of directors. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Casino & games Regions: US Subscribe to the iGaming newsletter Email Addresslast_img read more

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Cordish to open new Pennsylvania casino on January 19

first_imgExisting Live! Rewards Club members can make reservations for the preview days, while guests who are not currently Live! Rewards members can also reserve their place for the preview days at PhillyLiveRewards.com. Regions: Pennsylvania Subscribe to the iGaming newsletter In addition, Cordish will put in place a ‘Play It Safe’ health and sanitation plan to help protect staff and customers during the ongoing novel coronavirus (Covid-19) pandemic. Tags: Cordish Companies Read the full story on iGB North America. Casino & games The facility will host a series of reservation-only preview days for Live! Rewards Club members, before opening to the general public on February 11, pending final regulatory approval from the Pennsylvania Gaming Control Board. Real estate and entertainment business Cordish Companies has announced that it is to open its new Live! Casino & Hotel Philadelphia venue in Pennsylvania on January 19, just two months after work started on the project. Topics: Casino & games Land-based casino AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The 510,000sq ft property will feature more than 2,100 slots and electronic table games, 150 live-action table games, a 29-table poker room, FanDuel sportsbook, a 208-room hotel and a number of dining and entertainment options. 6th January 2021 | By Robert Fletcher Cordish to open new Pennsylvania casino on January 19 Email Addresslast_img read more

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How will casinos engage in esports in 2021?

first_imgThe state of esports betting Esports How will casinos engage in esports in 2021? What’s next for casinos and esports betting? Esports reach a new, ever-expanding audience that isn’t as interested in traditional sports or gambling. They also offer tons of betting opportunities thanks to international competition and a constant stream of new games. Esports fans are much younger than the average baccarat enthusiast, and casinos will eventually be forced to cater to them. Some are getting a head start with esports-dedicated sportsbooks and lip service, but what will it take to draw the lucrative esports crowd away from computers and into casinos? 17th March 2021 | By contenteditor Tags: Casino Esports AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The first step will be overcoming the technical hurdles. Casinos will need to find new oddsmakers or data analysis methods to cover the necessary matches. Multi-week events like the Worlds pose some logistical questions. Subscribe to the iGaming newsletter Like American football’s Superbowl or the NBA Finals, esports also have big events ripe for wagering. League has World, Dota has The International and CS:GO has the Majors, which happen twice a year. One major difference is that esports events last a very long time. The NBA Finals can take up to two weeks; LoL Worlds lasts two months with almost no breaks.  By Kenneth Williams Esports are often touted as the future of competitive entertainment, and such predictions aren’t entirely unfounded. A significant advantage of esports is that new ones can simply be created by development studios who think they have a hit. As new games are released and added to sportsbooks, new fans and players of those titles will get mixed into the general esports betting scene. Gaming fans rarely only follow a single title.  In addition to esports betting growth, several secondary industries have popped up to support pro gaming. Data analysis technology, written coverage and match predictions have become big business in the esports era.  The digital nature of esports might suggest that esports fans prefer watching tournaments in solace, but that couldn’t be further from the truth. Esports fans have a long history of gathering to watch competitive events. Dota 2 is famous for ‘pubstomps’, where fans from a region gather to watch The International live. League of Legends and Counter-Strike fans have similar ‘watch party’ traditions. It would be essential to advertise these events as esports-focused, possibly even separating them from the sports crowd. Esports fans want an opportunity to watch the big game with like-minded people, but they’ll get a terrible first impression if they sit down just to hear someone talk about the NFL.center_img Where casinos currently stand on esports Topics: Casino & games Esports Land-based casino A handful of casinos are leading the charge to integrate esports. The most famous example is undoubtedly the HyperX Esports Arena at the Luxor Hotel in Las Vegas. The 2,800m2 complex is meant to bring esports fans directly to the casino to watch live competition. GameCo, one of America’s biggest video game gambling companies, also has plans to bring esports close to the tables. It plans to launch the first physical esports-only sportsbook at the Sky Ute Casino Resort in Colorado. The owners of both properties understand the potential of esports but is that enough to coax gamers away from online betting sites? Email Address There are a handful of issues preventing casinos from embracing pro gaming. Betting laws in America make very explicit mention of sports, but the laws were usually written when esports didn’t exist. The legality of esports betting is somewhat ambiguous, though many betting sites can skirt around the grey area by leaving their sites accessible to anyone. Casinos don’t have that luxury but that hasn’t stopped a few from getting a head start on the esports crowd. For bookies the appeal is clear. There’s never going to be a “Basketball 2”, but new esports are constantly introduced together with all the betting opportunities that come from them. Add in the growing general popularity of video games, the proliferation of smartphones and consoles in less-developed countries and the 2020 hit to traditional sports, and esports should be priority number one for casinos. The second step is attracting local esports fans. The key appeal of in-person betting over digital is the ability to place a bet and comfortably enjoy the game in the same space. Casinos often publicise significant sporting events and put on specials to encourage fans to come. Big events like the Majors are perfect opportunities for casinos to test the waters. With esports appealing to a young demographic and casinos needing to replace the ageing baccarat bettor, the two should be a match made in heaven. But what will it take to draw the lucrative esports crowd away from computers and into casinos? Professional competitive gaming has exploded over the past decade. What started as basement LAN parties and the occasional regional gathering has become a global phenomenon for gamers, fans and business people. The industry’s betting side was pushed to the limit in 2020 when several traditional sports leagues were forced to postpone their seasons. And now, even as traditional sports return to television, esports is still enjoying a massive boost in popularity. Bookmakers still face several challenges when offering esports. The odds are challenging to tabulate due to recency and constantly changing rosters, and the lack of a concrete schedule doesn’t do bookies any favours. There’s also the nightmare of making sure players’ usernames are spelled correctly, something many websites don’t even bother with. As video games return to international competition, casinos should try their best to welcome esports fans. They represent both the present and future of the betting industry, and gambling companies have plenty of reasons to offer gaming already. Getting a head start will be valuable, especially if casinos embrace some esports culture in the process. Casinos are not an option for most esports bettors as it stands. Thanks to the Covid-19 pandemic sports and esports gamblers are now used to placing bets in their pyjamas. Putting a massive esports stadium and sportsbooks across from the slot machines will help, but casinos need to engage with esports fans on a level that digital betting websites can’t if they want them to switch to in-person betting. While betting opportunities exist for even the smallest mobile esports, three titles dominate the market. League of Legends, Counter-Strike: Global Offensive, and Dota 2 make up the holy trinity of esports. Each has a bustling, competitive scene with teams across the world. Their regularity has made them a favourite for esports oddsmakers, who focus on these games above all others.last_img read more

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Spelinspektionen calls for new ad limits in Market Inquiry response

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Although gaming classifications already exist in Sweden, the Inspectorate called for official guidance on how risk potential will be measured. 22nd April 2021 | By Marese O’Hagan “Solely the implementation of such a register would take about three years and require significant resources of the authority.” The Inquiry was launched with the purpose of tracking the development of online gambling in the country after it was legalised in 2019. Subscribe to the iGaming newsletter BOS hit out at the report, disagreeing with the suggestion that all of Sweden’s gambling should be run through a state-run portal. This standard, it said, is already used for alcohol ads. The Swedish Gambling Inspectorate (Spelinspektionen) has agreed with certain recommendations such as further limits on ads in the country’s Gambling Market Inquiry (Spelmarknadsutredningen), but has objected to others, including a permanent SEK5000 deposit cap on slot machines. In August 2020 Sweden’s Equality Commission (Jämlikhetskommissionen) published a report of its own, which Spelinspektionen also responded to. This report included many controversial suggestions, including calling for time limits on gambling. In response to the Inquiry’s call for safer gambling measures, the Inspectorate asked for a limit on bonus offers in public lotteries to curb irresponsible gambling.The Swedish online trade association Branscheforenigen för Onlienspel (BOS) also responded to the Inquiry, warning that low channelisation verticals could be at risk of suffering under unlicensed operators. However, the Inspectorate seemed hesitant with the proposal that the Swedish Public Health Agency should create a risk classification model of different gambling forms, on the grounds that regulatory action would need to be prioritised. Spelinspektionen calls for new ad limits in Market Inquiry response Casino & gamescenter_img The Inspectorate welcomed the introduction of a gaming software licence, but added that it should not be required to manufacture gambling software, rather only for providing software too an operator. The introduction of permits for licensees was put forward to reduce unlicensed activity. It is also being investigated separately. Regions: Europe Sweden The Inspectorate also stated that requiring “particular moderation” in advertising would be a positive step in enforcing responsible gambling. The Inspectorate responded positively to some aspects the report, but did not agree with its suggestion that anonymised information about customers should be provided to the Inspectorate.“The introduction of such a register would also assume a thorough impact assessment and analysis of its compatibility with the constitutions and Sweden’s international obligations,” responded the Inspectorate. Email Address “A loss limit should also be supplemented with mandatory indication of login time.” added the Inspectorate. Topics: Casino & games Legal & compliance Social responsibility Licensing Responsible gambling It was initially meant to examine additional measures to those outlined in the Gambling Act, but was then amended to include the limitation of responsible gambling advertising. Tags: Spelmarknadsutredningen “It is logical to have the same basic requirements for the marketing of games as on the marketing of alcohol based on the risks associated with the products,” it said. Meanwhile, it questioned the feasibility of many other aspects, including the creation of a state-run portal for all licensed gambling. While the regulator supported proposals such as a licence for software providers and limits on ads, it argued that loss limits should be investigated further before they are implemented, and should apply to various high-risk forms of gambling rather than one vertical.last_img read more

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