Marathonbet ‘signals intention’ with Man City deal

first_img Topics: Marketing & affiliates Sports betting 13th June 2018 | By contenteditor Marathonbet has signalled its “intention as a global brand” after becoming Premier League champions Manchester City’s first-ever global betting partner Marathonbet ‘signals intention’ with Man City deal AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Marketing & affiliates Subscribe to the iGaming newsletter Marathonbet has signalled its “intention as a global brand” after becoming Premier League champions Manchester City’s first-ever global betting partner.Marathonbet will provide the matchday betting offering at City’s Etihad Stadium, with branded betting kiosks, for supporters once the 2018/19 season kicks off in August.The online bookmaker will also provide the club’s fans with exclusive digital content themed around the first team fixtures and pre-match previews. Supporters will also get the chance to win ‘money-can’t-buy’ experiences through the partnership.Marathonbet was the partner of City’s local rivals, Manchester United, until last month.Natalia Zavodnik, chief executive at Marathonbet, said: “We are delighted to be able to announce this global partnership with one of the most exciting clubs in world football.“The club share our ideas of innovation and providing their supporters and football fans alike with extraordinary odds, markets and experiences; something we saw with their record breaking 2017/18 season.“This announcement is a marker of our intention as a global brand and we can’t wait to get started.”Damian Willoughby, senior vice-president of partnerships at City Football Group, said: “We are delighted to welcome Marathonbet to Manchester City.“Marathonbet shares our commitment to providing fans across the world with the best possible matchday experience, whether that’s at the Etihad Stadium or following around the world through digital platforms.“Marathonbet has a great history of innovation and we excited by their plans to engage with City fans through this new partnership.”Related article: Marathonbet returns in Russialast_img read more

Banach to focus on major league sports after funding round

first_img Subscribe to the iGaming newsletter Email Address Banach Technology plans to expand its product portfolio into US major league sports Regions: UK & Ireland Topics: Finance Sports betting Dublin-based start-up Banach Technology plans to expand its portfolio into the four traditional US major league sports by the end of 2018 after securing €2.2m (£1.9m/$2.6m) in a seed-funding round that included investments from Paddy Power co-founders David Power and Stewart Kenny.Banach’s technology, which allows punters to build a personalised bet consisting of correlated same-game principles, is currently specific to football.However, Banach chief executive Mark Hughes said the company will strengthen the in-house team of mathematicians and software engineers with several new hires to enable new product launches for American football, baseball, basketball and ice hockey, as well as tennis, in the coming months.“We have a football product at the moment and we want to build that out for other sports and also start growing into risk management,” Hughes, who spent six years at Paddy Power before leaving in 2014, told iGamingBusiness.com.According to The Times newspaper, Power and Kenny have invested €200,000 and €100,000, respectively. Other investors in the funding round included former Paddy Power chief executive Patrick Kennedy and the company’s ex-chief financial officer Cormac McCarthy, as well as Cormac Barry, who headed up the Australian division of Paddy Power until earlier this year.The funding round, which according to the company was over-subscribed, will support Banach’s business plan over the next 18 months to two years, when a further funding round is likely to take place, Hughes said.However, he admitted that “plans could change” if the US market “explodes” in the meantime – particularly given the company’s efforts to increase its exposure in relation to followers of the NFL, MLB, NBA and NHL major leagues. “It will really depend on the opportunities at the time,” he said.Hughes (pictured) also added that the track records of the start-up’s investors will help to boost Banach’s reputation in the market.Founded in 2015, the company has worked with a number of the industry’s top companies, including GVC Holdings, which completed its acquisition of Ladbrokes Coral in March. Banach is currently working with Ladbrokes Coral on in-game technology during the ongoing Fifa World Cup.“There are big names among our investors and that gives us credibility,” Hughes said.“We think we’re unique in the sense that some of the work we’ve done together as a team in the past has allowed us to build platforms very quickly. We’re trying to get in the right people to build on that.”center_img Banach to focus on major league sports after funding round 3rd July 2018 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Financelast_img read more

AGTech wins lottery software contract in major Chinese province

first_img6th July 2018 | By contenteditor AGTech wins lottery software contract in major Chinese province Lottery software and system developer AGTech has won a contract to provide lottery hardware support for the sports lottery in China’s Jiangsu province, which is home to more than 80 million people.The tech company’s subsidiary, Beijing AGTech GOT Technology (GOT), won the bid, with the tender managed by the Jiangsu Provincial Sports Lottery Administration Centre.Enquiries to AGTech to clarify the length of the agreement were not immediately returned.The deal will build on recent contract wins for AGTech in a number of other provinces, including Guangxi, Guizhou, Hebei, Henan, Hunan, Jilin and Shanghai. Jiangsu includes major cities such as Nanjing.“In the first half of 2018, GOT has already won tenders in various provinces, municipalities and autonomous regions across China, further reaffirming our hardware division’s continued dedication to and leading position in China’s lottery industry,” AGTech chairman and chief executive John Sun said.“AGTech has and will continue to enhance product innovation, safety and research and development compliance to contribute to the overall healthy development of China’s lottery market.”The expansion of AGTech’s hardware and distribution services across China has been a key goal of the company since it was acquired by e-commercia giant Alibaba two years ago.Earlier this week, iGamingBusiness.com reported that Chinese betting on the FIFA World Cup via the country’s sports lottery could be worth $7.5bn (€6.5bn).Image: Ozonefrance Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Lottery Tech & innovationcenter_img Subscribe to the iGaming newsletter Regions: China AGTech has won a major sports lottery contract in China’s Jiangsu province Lotterylast_img read more

New Jersey iGaming Dashboard — July 2018

first_img Email Address Subscribe to the iGaming newsletter Topics: Casino & games Finance Poker Regions: US AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Market leader Golden Nugget continued to increase its market share in June, while Tropicana also performed well 17th July 2018 | By Joanne Christie iGaming Business and Ficom Leisure are pleased to present the New Jersey iGaming Dashboard, providing revenue and product metrics on the state’s regulated market.The data is updated monthly following the official release of figures from New Jersey’s Division of Gaming Enforcement.Although June’s online gaming revenue was down on the previous month, it was up 10.4% on the same month the previous year.It’s possible that punters’ attention was elsewhere last month given the second half of the month saw the opening up of legal sports betting in the state. If indications so far are anything to go by, the New Jersey sports betting market looks promising – New Jersey Division of Gaming Enforcement figures showed that gross sports betting revenue hit almost $3.5m in the just over two weeks of June it was legal.Returning to the online market, Golden Nugget continued to increase its market share, which rose to 36.9% last month. Tropicana also performed well, growing its share from 14% in May to 15.9%.Caesars Interactive was the biggest loser last month, with its share falling more than two percentage points from 16.8% to 14.6%. Resorts Digital and Borgata also lost ground, albeit at a less pronounced rate.It’s worth noting that within the five top operators by market share, there are a number of brands that sit under each licence.For Borgata these include its own brands — Borgatacasino.com and Borgatapoker.com — as well as NJ.Partypoker.com, palacasino.com, palabingousa.com, playmgmcasino.com, playmgmpoker.com and scorescasino.com. Caesars’ licence extends to CaesarsCasino.com, HarrahsCasino.com, WSOP.com and the 888 US brands: us.888.com, us.888poker.com and us.888casino.com.Golden Nugget’s includes GoldenNuggetCasino.com, nj-casino.goldennuggetcasino.com, betfaircasino.com and playsugarhouse.com, while Resorts Digital’s covers its own brand — resortscasino.com — as well as those of PokerStars (pokerstarsnj.com) and Mohegan Sun (mohegansuncasino.com). Finally, as well as tropicanacasino.com, Tropicana’s licence also includes virgincasino.com.Ficom Leisure also provides exclusive monthly estimates on the Italian online market in the Italy iGaming Dashboard, including operator market shares across casino, sports betting and poker. It also provides quarterly figures on the Spanish online market in the Spain iGaming Dashboard and on the Danish online market in the Denmark iGaming Dashboard.A European corporate advisory firm, Ficom Leisure is a specialist in all segments of the betting and gaming sector. Tags: Card Rooms and Poker Online Gambling New Jersey iGaming Dashboard — July 2018last_img read more

Kindred to increase Stockholm workforce following relocation

first_imgPeople Email Address Kindred Group has completed its move to new state-of-the-art premises in Stockholm, where the operator expects to hire 250 new employees to consolidate expansion “in the coming years”.The move to the AMF Real Estate in Urban Espace facility (pictured) in the Swedish capital has more than doubled the workspace for Kindred’s 350 employees in the city, from 3,000 to 7,000 square metres. Kindred will take up two floors in the building, with other tenants in the tech cluster including Microsoft, EQT and Netlight.The operator, which has around 1,500 staff members worldwide, anticipates significant growth after having posted a 20.8% year-on-year increase in revenue to £907.6m (€1bn/$1.2bn) in 2018.Kindred, which is listed on the Nasdaq Stockholm Large Cap exchange, also went live in the newly regulated Swedish market at the start of the year, expanding on its links to the country.“It is very exciting to finally move into new premises in the middle of Stockholm where we can continue to grow at a fast pace,” Kindred chief executive Henrik Tjärnström said.“Since the birth of Kindred more than 20 years ago, it has been important for us to create a work environment that reflects our culture and our values.“We are in an expansive phase right now and the new premises will allow us to grow rapidly. Several hundred new employees will be recruited to the Stockholm office in order for Kindred to secure its position as a digital gambling company at the forefront of technology development and sustainability.”In other news, Kindred-owned Unibet has been unveiled as the official betting partner of the Qatar Goodwood horseracing festival – commonly known as ‘Glorious Goodwood’ – in the UK county of Sussex.Unibet has sealed a three-year deal, running through to 2021, with the agreement encompassing exclusive naming rights for the feature races across the week, including the Stewards’ Cup, Golden Mile and Nursery Stakes.The 2019 festival will take place from July 30 to August 3. 10th April 2019 | By contenteditor Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Nordics Sweden Topics: People Kindred Group has completed its move to new state-of-the-art premises in Stockholm, where the operator expects to hire 250 new employees to consolidate expansion “in the coming years”. Kindred to increase Stockholm workforce following relocation Tags: Online Gamblinglast_img read more

Study claims one in six Australian 16-17 year-olds gamble

first_img Topics: Casino & games Lottery People Sports betting Slots Social gaming Horse racing AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Just under one in six Australians aged 16-17 gambled in the past year, according to the Longitudinal Study of Australian Children’s (LSAC) annual statistical report.Of the 15.7% of participants who said they gambled, most were boys, with just over 19% of boys and 12% of girls taking part in gambling activities.Private bets with friends or family – the only legal type of bet a 16 or 17-year-old can partake in – were the most common form of betting, with around one in eight boys and one in twenty girls taking part.A total of 6% of boys and 3% of girls had bet on sports, while 4% of boys and 3% of girls had bet on horse or dog races.Around 5% of the overall cohort had played scratchards, while around 3% played lottery game and bingo.Keno casino table games and poker machines were each played by more than 2% of 16-17 year-olds, despite the fact that proof of age is required for entry into gaming venues where these are offered. The LSAC estimated that this represents around 9,000 17 year olds across Australia playing these games annually.The LSAC used the Problem Gambling Severity Index (PGSI) to estimate that 16.9% of boys who gambled and 3.9% of girls who did so – of 13.1% of the overall group who reported gambling – were either at risk of or already experiencing gambling problems.Overall, 2.8% of gamblers were identified as already having a problem with their gambling behaviour. While only 1.6% of girls who gambled  were identified as moderate risk and none were identified as having gambling problems, 4.8% of boys who did so were classified as moderate risk and 4.5% had gambling problems.The PGSI consists of nine areas such as “chasing losses,” “gambling causing health problems” and “feeling guilty about gambling”. Respondents score each area from 0, representing “never,” to 3, representing “almost always”. A score of 8 or more represents a gambling problem.Just under one in four boys and around one in seven girls who reported drinking alcohol in the past 12 months had also gambled during that time, compared to around one in eight boys and one in 12 girls who had not done so.Gambling-like electronic games, consisting of social games such as Zynga Poker and Big Fish Casino, were more popular than gambling, with 24% of boys and 15% of girls playing these games. The survey noted that these games, and micro-transactions in console games such as loot boxes, could increase the likelihood of young people progressing to real-money gambling.The study also found that more than half of parents of 16-17 year-olds gambled in the past year. Just under six out of ten mothers and seven out of ten fathers reported gambling.Lottery games were the most frequent form of gambling for both mothers and fathers, with 59%% of fathers and 48% of mothers playing. Around a quarter of both mothers and fathers had purchased scratchards, the second most-common gambling activity for both mothers and fathers.For fathers, betting on horse or dog races were the third most common form of gambling, with 22% doing so, while for mothers, poker machines were more common at 14%, while 11% bet on horse or dog races.Poker machines were also popular among fathers, with 16% playing, while 12% had played keno, 10% had bet on sports, 9% had bet privately and 7% had played table games.Among mothers, 8% played keno, while less than 5% took part in poker, bingo and private betting.Just under one in ten parents of 16-17 year-olds (9.4%) were identified as problem or at-risk gamblers. In total, 0.8% of parents were identified as already having gambling problems, with the vast majority being fathers.Only 0.1% of mothers were recognised as having gambling problems, while 1.8% of fathers were. 4th December 2019 | By Daniel O’Boyle Just under one in six Australians aged 16-17 gambled in the past year, according to the Longitudinal Study of Australian Children’s (LSAC) annual statistical report. Casino & games Study claims one in six Australian 16-17 year-olds gamble Tags: Race Track and Racino Slot Machines Regions: Oceania Australia Subscribe to the iGaming newsletter Email Addresslast_img read more

DraftKings set for Colorado sportsbook launch with Twin River

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sports betting and daily fantasy sports operator DraftKings is to launch a retail and digital sportsbook in Colorado via a new partnership with casino operator Twin River Worldwide.Under the agreement, DraftKings will open a new retail sportsbook at the Twin River Mardi Gras Casino in Black Hawk, Colorado, and also roll out its online and mobile sportsbooks in the state.Twin River only finalised the acquisition of the Mardi Gras casino last week, with the operator also purchasing the Golden Gates and Golden Gulch in Black Rock, Colorado.Though still subject to regulatory and licensure approvals, should the launch go ahead, Colorado would become the sixth state in which DraftKings offers online and mobile sports betting, following New Jersey, Pennsylvania, New Hampshire, Indiana and West Virginia.Read the full story on iGB North America. Sports betting DraftKings set for Colorado sportsbook launch with Twin River 27th January 2020 | By contenteditor Sports betting and daily fantasy sports operator DraftKings is to launch a retail and digital sportsbook in Colorado via a new partnership with casino operator Twin River Worldwide.center_img Subscribe to the iGaming newsletter Topics: Sports betting Regions: US Colorado Email Addresslast_img read more

Newgioco cuts first half loss despite revenue decline

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Newgioco cuts first half loss despite revenue decline Online gaming operator and supplier Newgioco Group has reported an 18.5% year-on-year decline in revenue for the first half of 2020, though reduced operating costs saw the business halve its net loss for the period.Turnover for the six months to 30 June fell 11.1% to $210.0m, with a 4.0% rise in online turnover to $182.2m wiped out by a 54.4% drop in retail’s contribution. This period saw Newgioco’s 150 betting shops in its core Italian market closed from 8 March to 4 May as a result of the novel coronavirus (Covid-19) pandemic, and major sporting events cancelled or suspended.It was not until 19 June that all land-based betting shops and kiosks were all back in operation.After payouts of $192.5m, Newgioco’s gross gaming revenue was down 14.6% at $17.6m. Once Italian gaming taxes of $2.6m were paid, and platform revenue of $24,797 (down 85.7%) factored in, Newgioco’s revenue for the first half came to $15.0m, down 18.5% year-on-year.The retail shut-down and suspension of sports did result in a decline in operating costs for the period, which fell 21.5% to $15.9m, resulting in a reduced operating loss of $896,472.However, other costs were significantly reduced, falling from $2.6m in H1 2019 to $881,377. This was down to a $722,500 gain on marketable securities, while interest expenses declined to $173,073 and debt amortisation charges fell 64.3% to $737,074.This resulted in a $1.8m loss before tax, which after income taxes of $590,097 resulted in a net loss of $2.4m, down 51.6%. Once a $93,514 foreign exchange loss was factored in, Newgioco’s comprehensive loss for the half was reduced 50.3% to $2.5m.This followed a second quarter in which revenue was down 47.2% to $4.8m. Turnover for the three months to 30 June only decreased marginally, however, falling 5.2% to $94.1m as growth in online stakes offset retail wagering falling to $4.2m.Costs and expenses declined 29.0% to $6.8m, resulting in an operating loss of $2.0m, up significantly from a $523,703 loss in the prior year. Once again, other expenses fell significantly due to reduced interest expenses, lower debt amortisation charges and a gain on marketable securities.But with revenue for the quarter falling, this still translated to higher losses. Loss before income taxes widened to $2.5m. After $62,059 in income taxes, Newgioco’s net loss grew 42.0% to $2.5m, which after a $18,516 gain from foreign currency translations, resulted in a comprehensive loss of $2.5m for the period, up 46.7%. Subscribe to the iGaming newsletter Regions: Europe Southern Europe Italy Online gaming operator and supplier Newgioco Group has reported an 18.5% year-on-year decline in revenue for the first half of 2020, though reduced operating costs saw the business halve its net loss for the period. 20th August 2020 | By contenteditor Tags: Mobile Online Gambling Finance Email Address Topics: Finance Sports betting Tech & innovationlast_img read more

PlayStudios to go public with $1.1bn valuation

first_imgFormer Morgan Stanley managing directors Dan Fetters and Edward King serve as co-CEOs of Acies.  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter PlayStudios to go public with $1.1bn valuation Free-to-play mobile gaming business PlayStudios is to merge with special purpose acquisition company Acies Acquisition Corporation to list on the Nasdaq Stock Exchange. Social gaming “Becoming a public company and securing the resources and support of key institutional investors will enable us to accelerate our growth as we launch new products, pursue new acquisition opportunities, and scale up our unique playAwards loyalty program.” Murren described PlayStudios as unique in the free-to-play gaming space, by offering its customers the opportunity “to play for fun and earn for real”.  Topics: Casino & games Finance Strategy Social gaming M&A Management Between 2017 and 2019, it has seen revenue grow by a compound annual growth rate of 22%, which is expected to accelerate to 27% between 2020 and 2022. Adjusted earnings have grown at a CAGR of 46% between 2017 and 2019, and is projected to rise to 67% between 2020 and 2022.  Its new SPAC partner has links with MGM Resorts. It is chaired by the operator’s former chairman and chief executive Jim Murren, who led MGM Resorts for 12 years, leaving in March 2020. “They know how to make engaging and enduring games, and stand apart in having harnessed the power of a robust and full-featured loyalty program,” he explained. “The focus is now to take PlayStudios platform and super-charge its growth.  Founded in 2011, PlayStudios secured strategic investments from MGM Resorts International and console gaming giant Activision Blizzard in its early stages.  PlayStudios’ management team will remain in place following the transaction, with chief executive Andrew Pascal remaining in his role, and retaining a significant equity stake in the listed business.center_img Tags: Special Purpose Acquisition Company PlayStudios Following the transaction, the combined entity will be renamed PlayStudios, and trade on the Nasdaq under the MYPS ticker.  2nd February 2021 | By Robin Harrison Read the full story on iGB North America. Regions: US It leveraged the partnership with MGM Resorts in particular, to offer real-world rewards at the casino giant’s properties through its proprietary PlayAwards loyalty program titles including MyVegas and Luxor Odds of the Gods. PlayAwards has since grown to incorporate more than 80 partners, and 275 entertainment, retail, travel, leisure and gaming brands, and is active across four continents and 17 countries. Players have used in-app loyalty points accumulated through PlayAwards to purchase more than 10m rewards, with a retail value of almost $500m.  Email Address “We have abundant initiatives, including targeted, strategic acquisitions; an expansion of the rewards program into new categories such as sports entertainment; and the exploration of opening the playAwards platform under a loyalty-as-a-service model.” Subscribe to the iGaming newsletter “From our inception, we set out to create wonderfully compelling games that were free-to-play and offered real-world rewards,” Pascal said. “We’ve now demonstrated the positive, long-term impact of this value proposition with our current portfolio of apps, and we’re poised to carry that success into new products and new game genres. last_img read more

Esports Entertainment scores partnerships with New England sports teams

first_img Esports Entertainment Group (EEG) has signed a multi-year sponsorship deal with Kraft Sports and Entertainment to become an official partner of National Football League franchise the New England Patriots and Major League Soccer team New England Revolution. Read the full story on iGB North America. 4th March 2021 | By Robert Fletcher Tags: Esports Entertainment Group New England Patriots New England Revolution AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Under the deal, EEG becomes the official esports tournament provider sponsor of the Patriots and Revolution, both of which are owned by Kraft. Esports Entertainment scores partnerships with New England sports teams “The Patriots and Revolution have an enormous and loyal fan base’ our tournament platform will now sponsor two teams with large and passionate fans bases,” EEG chief executive Grant Johnson said. Esports Regions: US Subscribe to the iGaming newsletter In addition, EEG will work with Kraft to create custom videos to promote events, with these to be featured in the teams’ digital marketing efforts spanning social media, email, mobile and online. Topics: Esports Marketing & affiliates Marketing EEG will use Patriots and Revolution marks to promote its esports tournaments on its Esports Gaming League (EGL) platform, as well as leverage player appearances, tickets, signage and digital media to promote events. Email Addresslast_img read more