Pragmatic Play finalises acquisition of VSoftCo

first_img Pragmatic Play finalises acquisition of VSoftCo Tags: Online Gambling OTB and Betting Shops Video Gaming Topics: Casino & games Sports betting Strategy Video gaming Casino & games Igaming content provider Pragmatic Play has completed the acquisition of virtual sports software supplier VSoftCo as it looks to strengthen its multi-product strategy. 28th January 2019 | By contenteditorcenter_img Email Address Igaming content provider Pragmatic Play has completed its acquisition of virtual sports software supplier VSoftCo.Terms of the deal, which is designed to further Pragmatic Play’s multi-product strategy, have not been disclosed.Pragmatic Play also said that the acquisition will benefit its customers in markets all around the world.VSoftCo offers a wide range of virtual sports products for both retail and online customers, including the virtual football game Fantastic League. It works with clients all over the world, including Italian gaming giant Sisal, Greece’s Intralot, and has distribution deals in place with the likes of Betgenius, EveryMatrix and SBTech.“We are very pleased to have completed this acquisition, an agreement that broadens our multi-product strategy and underlines our position as one of the iGaming industry’s premier and most forward-thinking providers,” Pragmatic Play chief business development officer Yossi Barzely (pictured) commented.“VSoftCo’s premier suite of virtual sports content speaks for itself, delivering a hugely popular array of products to operators all over the world, and we look forward to enhancing our offering to operators with their games and expertise via one single API.”The acquisition comes after Pragmatic Play  acquired Extreme Live Gaming, a live dealer solutions provider, from Novomatic Group in June 2018.Earlier this month, VSoftCo appointed Chris Davies as its new chief executive. It is not yet clear how the acquisition by Pragmatic Play will impact management roles at VSoftCo. Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Read more on Pragmatic Play finalises acquisition of VSoftCo

Sportradar and DOJO Madness unveil esports data JV

first_img Sportradar and DOJO Madness unveil esports data JV 24th January 2019 | By contenteditor Sportradar has partnered big data company DOJO Madness to launch Bayes Esports Solutions, a new joint venture focusing on developing esports data solutions for B2B customers.Bayes Esports Solutions will provide data for betting operators, esports broadcasters and media organisations around the world to cover professional esports competitions.This will include supplying betting probabilities for gambling operators and widgets for esports broadcasters to help them explain what is happening in individual matches and provide context on events.The new joint venture builds on an ongoing partnership between Sportradar and DOJO Madness. Since November 2016, the two companies have been working together on an exclusive basis to provide the market with live-odds for a wide range of online and offline esports competitions.Martin Dachselt, who will lead Bayes Esports Solutions as managing director, said the venture will enable sports data provider Sportradar and DOJO Madness to build “next level” products.“The successful cooperation we had with Sportradar is now giving birth to a full joint venture between both companies merging the best experiences of both parties in a fully independent business entity: deep esports domain experience from DOJO paired with Sportradar’s global experience and relationships in the sports betting industry including integrity services and quality assurance,” he said.Warren Murphy, managing director for betting and gaming at Sportradar, added: “Sportradar already has a firmly established pedigree in the sports betting and media space globally, supporting many hundreds of businesses around the world.”“Bayes Esports Solutions will give us equity in a rapidly growing market and the dedicated resource and expertise to design and develop market leading products and services for the esports market.”The launch follows Sportradar’s roll-out new full-service marketing solution for bookmakers. ad:s incorporates a number of marketing solutions that Sportradar said will help sports betting brands develop more efficient and effective customer acquisition and retention strategies.Image: Tobechi Ugwumba AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sportradar has partnered big data company DOJO Madness to launch Bayes Esports Solutions, a new joint venture focusing on developing esports data solutions for B2B customers. Casino & gamescenter_img Topics: Casino & games Esports Sports betting Video gaming Subscribe to the iGaming newsletter Tags: Online Gambling Video Gaming Email Addresslast_img read more

Read more on Sportradar and DOJO Madness unveil esports data JV

Minnesota considers tribal sports betting proposal

first_img15th February 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Email Address Tags: Mobile Online Gambling Casino & games Regions: US Minnesota Minnesota considers tribal sports betting proposal Lawmakers in Minnesota are to consider a new bill that could lead to the legalisation of sports betting at tribal casinos in the US state. Introduced by Representative Pat Garofalo, the new Safe and Regulated Sports Gambling Act of 2019 sets out plans to create the Minnesota Sports Wagering Commission, which would regulate the state’s sports betting market. The bill would permit in-person sports wagering at casinos runs by recognised tribes in Minnesota, while consumers would also be able to place bets via mobile and other electronic devices on-site. The bill requires any mobile app to block access to consumers if they are more than 20ft away from a tribal property. Consumers would be able to place bets on all sports and events authorised by the Commission, including US collegiate sports, but wagering on virtual events would not be permitted. The new Commission would be able to award two types of licences: a sports pool licence and a mobile and electronic sports pool licence, with casinos permitted to apply for both types of licences. The bill does not set out the cost for either licence. The bill would also enable casinos to enter into agreements with third parties to manage or operate an on-site sports pool, a mobile and electronic sports pool, or both. Operators would face something of a unique tax structure. An excise tax of 0.5% would be imposed on each wager placed in the state, and if the bill were to come into law, it would be the first sports betting tax of its kind in the US. In a statement issued to the press, Garofalo’s office said it would be the “lowest tax rate structure in the nation”. However, Garofalo will face some level of opposition in pushing the bill through, with Minnesota Indian Gaming Association having last month written to state Governor Tim Walz about the issue. In the letter, the tribal organisation set out its opposition to the expansion of off-reservation gambling, including the legalisation of sports betting in Minnesota.Image: Tony Webster Lawmakers in Minnesota are to consider a new bill that could lead to the legalisation of sports betting at tribal casinos in the US state. Topics: Casino & games Legal & compliance Sports betting Tribal gaminglast_img read more

Read more on Minnesota considers tribal sports betting proposal

Sportium to roll out ARC’s European Racing Channel

first_img Tags: OTB and Betting Shops Race Track and Racino Topics: Sports betting Horse racing Subscribe to the iGaming newsletter Sportium, the Spanish joint venture between Ladbrokes and CIRSA, has agreed a deal with the Arena Racing Company (ARC) to launch the European Racing Channel across its retail network.Under the agreement, Sportium will roll out the European Racing Channel and accompanying Ultimate Live Greyhound Channel at more than 3,000 locations.Sportium customers will now have access to live coverage from an additional 20 high-level racecourses in the UK, more than 50 Australian racetracks and eight new South African racecourses.The operator already offers coverage of various horse and greyhound races via its existing deals with Hipo and Sports Betting Iberia and PMU.“We are already a reference in the racing markets and thanks to this new deal with ARC, we can present a powerful offering in all our terminals,” Sportium CEO Alberto Eljarrat said.Antony Hopkins, director of international markets at ARC, added: “This deal is in line with ARC’s objective of providing high quality betting content to our clients in international territories, as well as to our national market.”ARC’s European Racing Channel broadcasts live coverage of more than 45,000 events each year from horse racing venues and greyhound tracks across the UK, South Africa, Australia and North America.The Ultimate Live Greyhound Channel offers greyhound races from the UK, Australia and North America, broadcasting some 40,000 live events each year. 15th March 2019 | By contenteditor Regions: Europe Southern Europe Spain Horse racing AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sportium, the Spanish joint venture between Ladbrokes and CIRSA, has agreed a deal with the Arena Racing Company (ARC) to launch the European Racing Channel across its retail network. Sportium to roll out ARC’s European Racing Channel Email Addresslast_img read more

Read more on Sportium to roll out ARC’s European Racing Channel

New Jersey sues DoJ over Wire Act FOIA request

first_img New Jersey sues DoJ over Wire Act FOIA request Legal & compliance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter The State of New Jersey has filed a lawsuit against the US Department of Justice (DoJ), after it failed to respond to a demand for documentation related to its revised interpretation of the Wire Act. Regions: US New Jersey Tags: Online Gambling 8th May 2019 | By contenteditor The State of New Jersey has filed a lawsuit against the US Department of Justice (DoJ), after it failed to respond to a demand for documentation related to its revised interpretation of the Wire Act.In January, the DoJ revised its 2011 ruling on the Wire Act to state that the law’s prohibition applies to all forms of gambling and not just sports betting, much to the frustration of states such as New Jersey that run legal igaming markets.New Jersey Attorney General Gurbir Grewal and his Pennsylvania counterpart Josh Shapiro hit out at the decision, demanding assurances that existing state-regulated gaming would not be impacted by the stance. Grewal also filed a Freedom of Information Act (FOIA) request, seeking documents that would prove or disprove reports that the decision was taken following intensive lobbying efforts by Sheldon Adelson.Adelson, founder, chair and CEO of the Las Vegas Sands Corporation, has long been a critic of the expansion of online gaming in the US. He has invested heavily in lobbying against the industry.The DoJ in March informed New Jersey that it would process its FOIA request, but the state is yet to receive any documents in relation to the case. Grewal noted that with the revised stance to be enforced from June 14, it was particularly important for the request to be expedited.Filed in US District Court in New Jersey, the new lawsuit notes that an expedited FOIA request must be fulfilled within 20 days, according to DoJ’s FOIA guide. It also points out despite a claim by DoJ that “unusual circumstances” surrounded the New Jersey request, the DoJ is yet to explain what this actually means.“Online gaming is an important part of New Jersey’s economy, and the residents of New Jersey deserve to know why the Justice Department is threatening to come after an industry we legalised years ago,” Grewal said.“It’s especially important that we figure out whether this federal crackdown is the result of a lobbying campaign by a single individual seeking to protect his personal business interests.”New Jersey legal online gambling revenue totalled $298.7m (£229.3m/€266.8m) in 2018, with online casino revenue at $277.3m and poker $21.4m.The revised opinion on the Wire Act has caused some level of confusion in the US, with the DoJ yet to fully clarify the ruling. After the initial January decision, the DoJ last month said that this revised stance does not address the legality of interstate and online lotteries.Last week, NeoPollard Interactive, the vendor for the New Hampshire Lottery, hit out at the DoJ over this uncertainty, calling for the “charade to end”. Topics: Legal & compliance Email Addresslast_img read more

Read more on New Jersey sues DoJ over Wire Act FOIA request

Montana opens consultation on sports betting rules

first_img Topics: Legal & compliance Sports betting Email Address Regions: US Montana The Montana Lottery has released its draft sports wagering regulations for public comment.The state lottery said it is working towards a launch of legal sports wagering by the end of 2019. The draft regulations state that sports wagering may be offered, “whenever the director, with the commission’s concurrence, finds it feasible and in the state’s best interest.”“The sports wagering law passed in May and we’ve been working hard ever since to build something Montanans will be excited about,” lottery director Angela Wong said. “We’ve got a lot to share with Montanans, but the first step is making sure their voices are heard as we move forward.”The consultation comes after governor Steve Bullock signed a bill legalising sports betting in Montana in May. The sports betting law, House Bill 725, allows for sports wagering conducted by the state lottery and sets a tax rate of 8.5% of receipts and a license fee of $1,000.Read more on iGB North America. Subscribe to the iGaming newsletter 7th October 2019 | By Daniel O’Boylecenter_img Legal & compliance The Montana Lottery has released its draft sports wagering regulations for public comment. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Montana opens consultation on sports betting ruleslast_img read more

Read more on Montana opens consultation on sports betting rules

Henrik Fagerlund at iGaming NEXT 2019

first_img Subscribe to the iGaming newsletter Email Address 10th October 2019 | By Josephine Watson Henrik Fagerlund at iGaming NEXT 2019 Tech & innovation At iGaming NEXT 2019, we sat down with Henrik Fagerlund, managing director at NetEnt Malta. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Tech & innovation Tags: Online Gamblinglast_img

Read more on Henrik Fagerlund at iGaming NEXT 2019

OTE Group dismisses Intralot acquisition rumours

first_img Greek telecommunications giant OTE Group has denied local media reports that it is considering an acquisition bid for Intralot, though it has confirmed plans to partner the lottery and gaming solutions giant to apply for an online betting licence in the market.OTE responded to a Hellenic Capital Market Commission request for clarification about its relationship with Intralot after various reports in the Greek media said the telco was mulling over a possible bid for the supplier.It said it has “no intention, discussion, or decision in this direction”, and that its relationship with Intralot is focused on the pursuit of a new online betting licence.The telco and Intralot will form a new entity that, majority-controlled by OTE, will apply for a Greek licence. OTE said that venture was first approved during a shareholder meeting in June of last year, and its board of directors has now also signed off on the initiative.OTE noted that a final decision regarding its entry into the online betting market is contingent on the Greek Parliament approving new gambling regulations in the country.Greece is in the midst of regulatory reform, with the government this month debating a series of reforms to the current framework in the country, including continuing the permission of Random Number Generator (RNG) games and the lowering of the country’s licence fee from €5m (£4.3m/$5.7m) to €3m.This will also see a 20% corporation tax applied before the 35% levy on gross gaming revenue, rather than after.Last month, Intralot revealed a 7.6% year-on-year drop in reported consolidated revenue for the first half of 2019, primarily due to declines within its B2C arm, specifically in the Argentina and Bulgaria markets.Intralot in July agreed to sell its stake in the Hellenic Lotteries business for a total cost of €20m to the lottery’s majority sharholder OPAP.However, OPAP has since had its sports betting licence revoked by the Greek Council of State.The court upheld Austrian operator Goalbet’s challenge against the Hellenic Gaming Commission’s (EEEP) decision to allow OPAP to launch online betting brand Pame Stoixima. OPAP intends to appeal the decision. 24th October 2019 | By contenteditor Strategy Tags: Online Gambling Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Greek telecommunications giant OTE Group has denied local media reports that it is considering an acquisition bid for Intralot, though it has confirmed plans to partner the lottery and gaming solutions giant to apply for an online betting licence in the market. Topics: Strategy OTE Group dismisses Intralot acquisition rumours Regions: Europe Southern Europe Greece Email Addresslast_img read more

Read more on OTE Group dismisses Intralot acquisition rumours

Genting buys LeoVegas’ live dealer arm Authentic Gaming

first_img Genting buys LeoVegas’ live dealer arm Authentic Gaming Casino & games 30th October 2019 | By contenteditor Casino giant Genting Group has struck a deal to acquire LeoVegas’ live dealer solutions subsidiary Authentic Gaming in a €15m (£12.9m/$16.7m) deal.LeoVegas noted that the purchase price for Authentic, which generated revenue of approximately €1m for the three months to 30 June, represented a return of more than 100%.Authentic Gaming, which broadcasts live casino content from land-based casinos around Europe, has operated as an independent division of the operator for the past three years, having been funded by its investment arm LeoVentures. It is currently one of three holdings in LeoVentures, alongside esports betting brand Pixel.Bet and casino streaming portal CasinoGrounds.“We have now laid the foundation for Authentic Gaming to take its next big step in live casino,” Authentic Gaming founder and chief executive Jonas Delin said. “I am very happy that Genting, with more than 50 years of experience in gaming and entertainment, shares our vision to weave online and land-based casino and has chosen to invest in our product and team.”Genting has previously partnered Evolution Gaming for its live dealer content, with the supplier broadcasting its Dual Play Roulette title from the operator’s Resorts World Birmingham venue.Jeremy Taylor, managing director of Genting Online, said the operator’s land-based casino estate provided a platform to grow its online business rapidly.“Our vision is to offer our customers an amazing gaming experience from all of our casinos around the world, 24 hours a day through any device,” he explained. “With Authentic Gaming’s advanced technology and innovative product, we are convinced that together we have a good position to realise that vision.”LeoVegas Group chief executive Gustaf Hagman described the deal as a “milestone” for the operator. “The time is now right to sell the enterprise to the industry giant Genting, which is the perfect buyer to take Authentic Gaming to the next level,” he said. “The deal shows our innovative strength in the Group and our ability to develop and build sustainable companies.“We have thereby created shareholder value with a more than a 100% return on our investment in Authentic Gaming.”The agreement comes after LeoVegas in August reported a 10% year-on-year increase in revenue for the first half of the year, but also said that challenging operating conditions in the UK eroded its profits over the period.Revenue amounted to €180.7m for the six months to 30 June 2019, but tighter social responsibility controls and increased Remote Gaming Duty in the UK pushed operating profit down from €9.3m to €8.5m for the period.Image: Max Pixel Topics: Casino & games Tech & innovation Table games Tags: Online Gamblingcenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino giant Genting Group has struck a deal to acquire LeoVegas’ live dealer solutions subsidiary Authentic Gaming in a €15m deal. (£12.9m/$16.7m). Subscribe to the iGaming newsletter Email Addresslast_img read more

Read more on Genting buys LeoVegas’ live dealer arm Authentic Gaming

Keeping afloat in a sea of big data

first_img2nd March 2020 | By Josephine Watson Fast matters – having highly performant and highly available systems that are always on. Cloud everywhere – having the choice to run businesses and applications on-premise and also on the public cloud, and not feeling that these are siloed. Simple is smart – with many different technologies, providers and platforms available, being able to consume technology in a simple way is best. Subscription to innovation – whether the technology or application is in the cloud or on-premise, businesses need the ability to evolve products and applications, and therefore need the technology that underpins them to evolve in the same way. iGaming Business speaks with Pure Storage to discuss the key challenges facing the industry when it comes to data management and analysis Anthony Liston is head of egaming at Pure Storage. With 12 years in enterprise roles within Cisco and EMC behind him, Liston joined Pure Storage four years ago. In the last two years, his focus has been solely on the gaming industry, seeing 300% growth in the area.iGaming Business speaks with Pure Storage to discuss the key challenges facing the industry when it comes to data management and analysisData has become a commodity in its own right, and the volume of data is increasing year on year.Additionally, data is now the foundation of many focal points for businesses, especially operators. Whether it’s application performance, customer analysis or product development, data is key.This is the view of Anthony Liston, head of egaming at Pure Storage, a data solutions company with a focus on delivering a modern data experience.In an interview with iGaming Business, Liston outlined the challenges global industries face when it comes to data, and how igaming specifically needs to think smart when it comes to data storage and analysis.He says there are four pillars that are the foundation of any strategy to meet modern expectations and performance demands: Keeping afloat in a sea of big data AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Tech & innovation Moving with the timesWith technology developing and changing at such a rapid rate, businesses large and small now have more choice than ever when it comes to platforms, services and solutions.This in itself creates challenges, which vary based on the size of a company. For instance, Liston says, well-established businesses have been challenged by the fact that M&A   activity and growth brings with it a plethora of legacy platforms and technologies.“These come from different manufacturers and providers, and there is an inherent and often significant cost with integrating and standardising on common platforms as businesses grow.”On the other hand, he explains, new entrants to any market are looking for the ability to embrace new technologies, but without the upfront cost of going out and spending millions of pounds on infrastructure and software to build the business.“They quite often go to the public cloud providers to begin with, because they can procure those services and features as a service in a scalable and durable manner. The flip side is, as their business grows, the balance between that initial easy access to features is then offset against the growing cost of running your business on the public cloud.”Businesses large and small need to think carefully about their choices, he says – especially within this industry, where opportunities for expansion may present themselves on the other side of the world.“It’s about thinking about the choices you need to make in order to not find yourself in a  position where you’re stuck with technology or wasted investment as you pursue these expansion opportunities.” Data as a commodityWith the volume of available data ever on the rise, Liston says that honestly, it’s hard to tell how much is actually valuable: “The challenges that some of our igaming clients identify are that they don’t know how much or what data needs to be stored, just that from a compliance and regulation perspective, it needs to be stored for a certain amount of time.“Almost every touchpoint between igaming businesses and the customer needs to be recorded and stored for anything up to and beyond seven years. Most businesses are challenged by where and how they store that data in a way that will not become cost prohibitive. If you’re continually growing that island of data, the cost is going to increase year-on-year.”In order to derive value from that data, therefore, businesses must turn to modern day analytics tools. Liston says Elastic and Splunk are commonly being used to mine data and gain value, rather than “just ticking that compliance box.” Analysing the opportunityUbiquitous in current conversations around data is artificial intelligence (AI), and how the technology can assist in this data analysis and make historically manual tasks more efficient.Liston echoes this, noting the shift from AI being historically treated as a “bit of a science project” for businesses to now being a palpable solution which creates value for organisations.“In the last six to twelve months, we’ve seen the tide start to turn. Operators are beginning to embrace AI capabilities to fix business issues, and ultimately generate revenue or retain customers and attract new customers in another aspect.By way of example, Liston notes that Pure Storage are helping a number of operators to use AI and machine learning to identify fraud and malpractice within poker, as well as in retail gaming, where it can effectively help operators spot problem gamblers using facial recognition technology in real-time.That real-time element is the key component, he says: “In order to be able to deliver value around something like AI, you need to have a platform that can effectively crunch or digest huge amounts of information very quickly so that the outcomes that you want from the platform can be delivered in real-time.”Looking to the future, Liston expects that competition will only intensify over the next few years, as new entrants vie with established players to take a slice of the prize pot – the boom that the industry is experiencing.“As this happens, firms will increasingly look to personalise the customer experience using real-time streaming data and sophisticated machine learning applications to outwit and outpace the competition in the fight to retain and acquire new customers and keep their offers ‘sticky’.“This is only going one way with regards to data, and legacy technologies and architectures that are not fluid, agile, hugely scalable and performance orientated will not cut the mustard. Winners will be those who begin to invest in modern data experiences, now.”Register for the upcoming webinar, “How igaming’s commercial success is hindered by data performance”, where Pure Storage will discuss the results of their recent industry survey on how well the industry is being served by data.You can also now read Pure Storage’s full report, ‘The future of data in the eGaming industry‘. Tech & innovation Subscribe to the iGaming newsletter Email Addresslast_img read more

Read more on Keeping afloat in a sea of big data