FanDuel sign sports betting deal in West Virginia

first_img Email Address FanDuel sign sports betting deal in West Virginia Regions: US West Virginia Tags: Online Gambling Subscribe to the iGaming newsletter 26th June 2018 | By contenteditor Topics: Sports betting Tech & innovation FanDuel has agreed to provide sports betting services to the Greenbrier resort in West Virginia, US. The agreement marks FanDuel’s first deal in the sports wagering sector, having previously only focused on daily fantasy sports services. In March, West Virginia legislators passed sports betting into law, with the five casinos in the state able to offer sports wagering. The licence fee in West Virginia is set at $100,000 (€85,500) and casinos are required to pay the state 10% of sports betting revenue in taxes, according to Legal Sports Report. In a statement issued to PFT, a FanDuel spokesperson said: “We are honoured to be chosen to provide sports wagering services at the Greenbrier, an iconic resort in the US. “As we work towards building out a top sports betting product for the upcoming NFL season, we look forward to bringing West Virginia residents, sports fans, and visitors to the Greenbrier the best interactive sports experience on the market.” West Virginia passed the initial law prior to the Supreme Court’s decision to overturn the federal 1992 Professional and Amateur Sports Protection Act (PASPA). The West Virginia Lottery last week moved to approve emergency regulations to undertake a full sports betting launch by the autumn. The move also opens the state to potential online and mobile sports wagering in the future.Related article: Paddy Power Betfair buys FanDuel for US wagering push Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter FanDuel has agreed to provide sports betting services to the Greenbrier resort in West Virginia, USlast_img read more

Gambling Commission chair urges industry to raise standards

first_img Email Address Subscribe to the iGaming newsletter Bingo 16th July 2018 | By contenteditor William Moyes, chair of the Gambling Commission, wants industry to “step up” to help improve standards AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Legal & compliance Lottery Sports betting Strategy Tech & innovation Bingo Poker William Moyes, chairman of the Gambling Commission, has issued a call for the industry to “step up” as the UK-based regulator seeks to improve standards in the sector.Speaking in the organisation’s Annual Report, Moyes said while 2017-18 was a year of “considerable change” for the UK market, the current year will see more upheaval as the commission pushes ahead with its new strategy.The three-year plan covers the period from 2018 until 2021, with a key focus on addressing issues the industry, government and society must tackle if the UK is to have a culture that treats the consumer fairly and tackles gambling-related harm more seriously.The five main strategic priorities are to protect the interests of consumers; to prevent harm to consumers and the public; raise standards in the gambling market; optimise returns to good causes from lotteries and improve the way the Commission regulates.However, Moyes said in order to achieve these goals, the industry must support the regulator in its efforts.“This year will bring more change for the industry. We have set out ambitious plans for the coming year, and indeed for the life of our three-year strategy,” Moyes said.“We cannot deliver this work alone. We need continued strong partnerships with other regulators, consumer representatives and government.“Most importantly, we need the industry to step up and work to raise standards and reduce the risk of harm.“The challenge now is to support the industry in the raising of standards and in making gambling fairer and safer for all.”In the report, the commission set out its progress for 2017-18 and said it had achieved 38 of its 41 corporate business plan milestones in the past year, with the aim of delivering the remaining three in the current year.The watchdog processed over 240 licence applications from prospective operators in the past year, with just over 2,000 individuals having applied for a licence.In addition, the commission said it undertook 75 regulatory and criminal investigations in 2017-18, including the record £7.8m (€8.8m/$10.3m) fine for 888 following serious social responsibility failings. Regions: UK & Ireland Tags: Card Rooms and Poker Mobile Online Gambling OTB and Betting Shops Gambling Commission chair urges industry to raise standardslast_img read more

Raketech cuts expenses after clearing debt

first_img Raketech cuts expenses after clearing debt Online affiliate and content marketing business Raketech has repaid its entire corporate debt of €7.7m (£6.6m/$8.7m), cutting its quarterly financial expenses in the process. Topics: Finance Strategy Tags: Online Gambling 5th March 2019 | By contenteditor Subscribe to the iGaming newslettercenter_img Finance Email Address Online affiliate and content marketing business Raketech has repaid its entire corporate debt of €7.7m (£6.6m/$8.7m), cutting its quarterly financial expenses in the process.Raketech has said the move represents the final step in optimising its capital structure post-IPO, with the cleared debt in relation to a previous loan facility.The company said paying off its debt will save around €200,000 per quarter in financial expenses.Since its IPO in 2018, Raketech said its focus has been on its capital structure by settling the existing loan and securing more favourable bank financing.As part of this strategy, Raketech in December entered into an agreement with Swedbank for a revolving credit facility of €10m.“To have successfully cleared our former loan facility is a milestone for Raketech’s finance strategy,” Raketech’s chief financial officer, Andreas Kovacs, said.“We now have optimal conditions to carry out additional acquisitions, with lower financial expenses over time.”The news will come as a boost to Raketech, which last month reported a decline in profit for 2018. Profit slipped from €5.8m in 2017 to €4.6m and profit before tax also fell from €6.1m to €4.8m, but operating profit was up from €8.8m to €11.2m.Raketech was impacted by higher operating expenses during the year, with this total up from €8.3m to €14.4m, mainly due to increased spend on external SEO, hosting, development and domain expenses.However, by clearing the debt and saving itself around €200,000 each quarter, this will help to lower expenses moving forward into 2019. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Luckia seals partnership in pursuit of Buenos Aires licence

first_img Subscribe to the iGaming newsletter The number of operators battling for one of the Argentine capital province’s seven igaming licences continues to grow, with Spanish operator Luckia the latest to enter the fray. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The number of operators battling for one of the Argentine capital province’s seven igaming licences continues to grow, with Spanish operator Luckia the latest to enter the fray.Luckia has partnered local operator Emprendimientos Crown, the twelfth entity to register its intention to take part in the Buenos Aires licensing process.Should Luckia secure one of the province’s 15-year igaming licences, it will move into its second regulated Latin American market. The operator was awarded an online gambling licence by Colombian regulator Coljuegos in February 2018.It joins a number of other international operators competing for certification in Buenos Aires. Earlier this week BetCris operator TV Global Enterprises partnered Impresora Internacional de Valores (Ivisa) to register for the process.Other international operators such as bet365, The Stars Group, William Hill and Flutter Entertainment, as well as suppliers Intralot and Playtech, are also in the hunt for a licence.Companies have until June 25 to respond to the licence tender. Regions: LATAM Argentina Email Address Luckia seals partnership in pursuit of Buenos Aires licence Tags: Mobile Online Gambling Topics: Casino & games Legal & compliance Sports betting Bingo Bingo 13th June 2019 | By contenteditorlast_img read more

NFL’s Redskins launch live predictive gaming show

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The Washington Redskins NFL American football franchise has linked up with its local NBC Sports affiliate to launch an interactive, predictive gaming live television presentation of its four pre-season games.‘Predict the Game’ will feature free-to-play contests where fans can win up to $1,000 and other prizes in each quarter of the game.Fans will be tasked with predicting various game and player performance outcomes through a series of questions that will appear on screen, alongside real-time statistics and information.Supporters will accumulate points for making selections and correct predictions, with the top eligible scorer at the end of each quarter winning or sharing the $1,000 prize. Players will also be selected at random to win other prizes, such as game tickets and official memorabilia.The interactive games will be shown exclusively on NBC Sports Washington Plus, beginning with the Redskins’ pre-season game at the Cleveland Browns tomorrow (August 8).Read the full story on iGB North America.Image: Erik Drost 7th August 2019 | By contenteditor Email Address The Washington Redskins NFL American football franchise has linked up with a local NBC Sports affiliate to launch an interactive, predictive gaming live television presentation of its four pre-season games. Sports betting Tags: Mobile Online Gambling NFL’s Redskins launch live predictive gaming show Topics: Sports betting Subscribe to the iGaming newsletter Regions: USlast_img read more

Dean Shannon returns as GVC Australia CEO

first_img Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Dean Shannon returns as GVC Australia CEO Casino & games Tags: Online Gambling Topics: Casino & games People Sports betting Dean Shannon has been appointed chief executive of GVC Holdings’ Australian business, replacing Jason Scott in the role. 18th September 2019 | By Daniel O’Boyle Regions: Oceania Australia Dean Shannon has been appointed chief executive of GVC Holdings’ Australian business, replacing Jason Scott in the role.As chief executive of GVC Australia, Shannon will lead both Ladbrokes Australia – for which he served as CEO from 2013 to 2017 – and Neds, the company he left in 2017 to establish, then sold to GVC in a deal worth up to AUD$95m in November 2018. He has served as a non-executive director of the business since the acquisition.Shannon first joined Ladbrokes Australia after Ladbrokes acquired his previous online betting business, Bookmaker.com.au, in a $22.5m deal.“We are delighted to announce Dean’s appointment,” GVC chief executive Kenneth Alexander said. “He is a highly dynamic, experienced leader with the entrepreneurial skills that will drive our Australian business to even greater success in the future. I’d also like to put on record my thanks to Jason Scott for the job he has done in establishing the Group as a market leader in Australia.”“I am truly excited to be leading GVC’s Australian businesses,” Shannon said. “I believe that in Ladbrokes and Neds we have two of the leading brands in the market, and backed by our proprietary technology and highly talented team, we are very well placed for growth.”Last month, GVC Holdings reported a 28% year-on-year increase in revenue from Australia, which helped drive net gaming revenue (NGR) for the six months to 30 June to £1.81bn (€1.96bn$2.19bn). Email Addresslast_img read more

Webinar: The future of live casino

first_img How can the land-based industry implement live casino to retain revenue and acquire customers in a post Covid-19 gaming era? Overcoming integrity issues with tech innovation in live dealers Pushing the boundaries, Unlocking different demographics with innovative & experiential live casino settings and technology What will live casino of the future look like? Uncategorized One vertical that may be able to withstand the impact of COVID-19 and serve to mitigate its impact and potential losses for online operators is live casino. By tracking innovation, addressing the challenges, this webinar aims to develop an understanding of the revenue potential of live casino throughout 2020 and beyond, with a focus on Asian markets. Join us for this webinar, sponsored by Asia Live Tech, where we will discuss: Topics: Uncategorized Subscribe to the iGaming newsletter One vertical that may be able to withstand the impact of COVID-19 and serve to mitigate its impact and potential losses for online operators is live casino. 30th April 2020 | By AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter This webinar is sposored by Asia Live Tech Webinar: The future of live casino Email Addresslast_img read more

ESIC flags potential match fixing and suspicious betting at CS:GO event

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter 10th June 2021 | By Nosa Omoigui ESIC flags potential match fixing and suspicious betting at CS:GO event The Esports Integrity Commission (ESIC) has raised alarm of potential match fixing and suspicious betting activity during the CIS regional major rankings (RMR) Counter-Strike: Global Offensive (CS:GO) event. Email Address “Certainly, if ESIC did have jurisdiction, we would have opened a full investigation based on what we already know. ESIC has therefore referred the evidence available to us to Valve for further consideration.” Through analysing betting and client information, match, player and prior behaviour data as well as other relevant information, ESIC has concluded that match fixing has potentially been committed. Esports In addition, ESIC said Shyshko “made accurate pre-match bets on the outcome of the Virtus Pro v Akuma match in the CIS RMR.” This, it said was especially suspicious given that 14 teams in the CIS region signed onto a statement alleging that Akma had cheated in the competition by obtaining information related to their opponents’ positions on the game map. ESIC said received it evidence alleges that Oleksandr Shyshko, chief executive of CS:GO team Project X, has an active esports betting account and “placed numerous bets on highly suspicious Project X matches.” Earlier this year, ESIC fined CS:GO team Vitality $10,000 for unsporting conduct. Tags: Esports Integrity Commission Topics: Esports esports betting esports regulation Video gaming Tournaments Legal Regulation Sports integrity Regions: Europe ESIC commissioner Ian Smith said: “While ESIC has not undertaken a full investigation into the detail, extent, and validity of any particular instances of match-fixing behaviour and the perpetrators of such behaviour – information on hand would indicate that this is a matter worth investigating further. The integrity body has referred evidence gathered from its Suspicious Betting Activity Network to the game’s developer, Valve.last_img read more