Month: August 2021

Luckbox maps out expansion plans with new licence

first_img Luckbox maps out expansion plans with new licence Topics: Esports Legal & compliance Esports Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Luckbox has set out plans to establish itself in a number of key markets around the world after becoming the first cryptocurrency-supported esports betting platform to obtain a top-tier gambling licence from the Isle of Man government.Real Time Games Holding Limited, the company behind Luckbox, secured the full licence under the Online Gambling Regulation Act (OGRA), allowing it to accept fiat, crypto and in-game items as currency.Luckbox is the brainchild of former PokerStars colleagues Lars Lien and Mike Stevens. The goal of securing an Isle of Man licence was underlined when the duo announced the launch of the venture in January.Lien told iGamingBusiness.com that the OGRA licence – which enables Luckbox to operate in any jurisdiction where it is legal to do so and where a local licence is not required – had opened up opportunities in a number of key markets.“We are very keen on markets such as Canada, the Nordics, CIS region and more, and confident we will be operating in the vast majority of relevant markets,” the Luckbox CEO said.Lien also revealed that Luckbox is currently working on applications for licences in other markets, including the UK.“We are working on our UK application, which we hope will be ready for launch,” Lien said. “Malta is on our radar and we will be considering a range of local licences, such as Spain. Others, like France, are currently off the table due to complexity, cost and/or market size.”Luckbox has been in a recruitment phase over recent months, with three former senior members of the PokerStars management team among those to have joined.Quentin Martin, formerly head of social poker at PokerStars, has taken on the role of chief operating officer, while former PokerStars marketing director Vadim Soloveychik has been appointed as chief marketing officer.David Lyons also opted to leave his position as the associate director of poker engagement at PokerStars to joins his former colleagues at Luckbox as director of player engagement. In addition, Paul Chaloner, an influential figure in esports, is serving as an adviser.Looking ahead to next year’s planned launch, Lien said that the company will not rush the product and will instead ensure the platform is completely ready before going live.“The complexity of building Luckbox is very significant given how big our plans for the product is,” Lien said. “I could get an esports betting site ready in four weeks with a designer and €100,000, but it would be yet another ‘me too’ product.“We have a specific internal date we are quite confident with, but nothing I can communicate publicly at this point.”Lien added that the Luckbox will “deliver an amazing product early next year that will be very hard to copy”. Regions: UK & Ireland Tags: Online Gambling 1st August 2018 | By contenteditor Crypto-supported esports betting platform targets Canada, Nordics and CIS region Email Addresslast_img read more

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Casumo secures licence to expand into Danish market

first_img Regions: Europe Nordics Denmark Casumo secures licence to expand into Danish market Topics: Casino & games Legal & compliance Casino & games Online gaming operator Casumo is to expand its service offering into Denmark after securing a five-year licence from the Danish Gambling Authority.Nordic-facing Casumo will focus on a mobile-first approach for its operations in the country and run a media campaign to promote its online casino services to Danish consumers.Oscar Simonsson, co-founder and CEO of Casumo, said securing the licence was an important milestone for the operator, and forms part of its ongoing strategy to enter and grow in regulated markets.“I’m confident that the Casumo brand will resonate well with the players in Denmark—those who want to experience a modern way of playing online casino,” Simonsson said.“We have a very strong and unique product offering, which includes our very own custom-designed live casino studio, as well as the casino rewards system that Casumo pioneered in the industry when we launched in 2012.”The Danish licence comes after Casumo also secured approval to launch in both the Italian and Swedish markets in recent months.However, earlier this month, Casumo suffered a blow in the Netherlands when it was fined €310,000 (£267,510/$347,470) for targeting players in the country, where online gaming is currently prohibited.Image: Matt Kieffer Online gaming operator Casumo is to expand its service offering into Denmark after securing a five-year licence from the Danish Gambling Authority. Tags: Online Gambling 30th April 2019 | By contenteditor Subscribe to the iGaming newsletter Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

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GVC shareholders narrowly back remuneration report

first_imgCasino & games Topics: Casino & games Finance People Sports betting Strategy GVC shareholders narrowly back remuneration report Email Address Tags: Mobile Online Gambling GVC Holdings has fended off a shareholder revolt over executive pay, with a narrow majority of shareholders backing the company’s 2018 remuneration report.Investors holding 58.04% of the operator’s share capital voted in favour of the remuneration report, with 41.96% voting against at the company’s 2019 Annual General Meeting (AGM). The results were an improvement on the 2018 AGM, which saw 43.94% of shareholders vote against the remuneration report.GVC remuneration committee chair Jane Anscombe said she was “naturally disappointed” with the results.“We engaged extensively with shareholders ahead of the annual general meeting and would like to thank them for their helpful and constructive input,” Anscombe said. “We understand that some shareholders ultimately felt unable to support the remuneration report, in part due to our legacy arrangements, which going forward no longer form part of our remuneration framework. Going forward, Anscombe said the operator would seek shareholders’ views on the company’s remuneration policy, which is up for renewal at the company’s 2020 AGM.GVC had come under pressure from shareholders critical of the sums paid to chief executive Kenny Alexander and chairman Lee Feldman in 2018, prompting fears of a revolt. Alexander’s £19.1m (€21.6m/$24.3m) pay packet was largely down to a £16.4m payment, awarded as part of the company’s long-term incentive plan set out following its 2016 acquisition of bwin.party.Long-serving chairman Lee Feldman was paid £8.5m, with the vast majority coming from the legacy incentive scheme.Late last month the chief executive, whose stewardship has transformed GVC from a minor industry player to one of the UK’s largest gambling businesses, volunteered to reduce his annual salary from £950,000 to £850,000, effective June 1.The pair were also criticised after selling off shares in March, with Alexander selling 2.06m shares worth £13.7m and Feldman offloading 900,000 shares worth £6.0m. This saw GVC’s share price fall 14% in a day, its biggest fall in almost a decade, to its lowest since July 2016.
Alexander has since pledged not to sell off any further shares while he remains chief executive.Feldman, meanwhile, has announced that he will step down as chairman either at or before its 2020 AGM. This, GVC noted at the time, was unrelated to the share sale and instead due to the fact that UK governance guidelines stating that chairmen should not hold their role for more than 9 years. 5th June 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Regions: Europe GVC Holdings has fended off a shareholder revolt over executive pay, with a small majority of shareholders backing the company’s 2018 remuneration report.last_img read more

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Oregon projects revenue of $141.2m from sportsbook launch

first_img Email Address The Oregon Lottery has revealed that it expects to generate $141.2m in revenue over the first three years following the launch of its SBTech-powered retail and mobile sportsbook.  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Oregon projects revenue of $141.2m from sportsbook launch Tags: Mobile Online Gambling OTB and Betting Shops Topics: Finance Legal & compliance Sports betting 20th June 2019 | By contenteditor Finance Regions: US Oregon The Oregon Lottery has revealed that it expects to generate $141.2m in revenue over the first three years following the launch of its SBTech-powered retail and mobile sportsbook. After formally signing a contract with SBTech earlier this month, the lottery aims to launch a mobile offering ahead of the National Football League (NFL) season in September, followed by retail betting kiosks early in 2020. It has now published a series of revenue projections for the product, which estimates that total handle over the first three years in operation will amount to $1.6bn. This breaks down to $332.8m in the first year, rising to $555.9m in the second, then $722.3m after three years. The lottery expects the bulk of handle to be returned to players as winnings. Customers are expected to win around $306.2m in year one, then $507.4m in the second year, and $656.2m in the third, totalling $1.5bn. This will leave gross gaming revenue of $141.2m, starting at $26.6m in the first year of the contract. Revenue will rise to $48.5m in the second year, then $66.1m, the lottery says.Read the full story on iGB North America.last_img read more

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PokerStars launches as first online poker brand in Pennsylvania

first_img Topics: Casino & games Poker Subscribe to the iGaming newsletter Email Address Regions: US Pennsylvania PokerStars has become the first online poker brand to go live in Pennsylvania after it launched in the state in partnership with Fox Bet, the joint venture between its parent company The Stars Group and broadcaster Fox Sports. Casino & games 5th November 2019 | By contenteditor Tags: Card Rooms and Poker Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter PokerStars has become the first online poker brand to go live in Pennsylvania after it launched in the state in partnership with Fox Bet, the joint venture between its parent company The Stars Group and broadcaster Fox Sports.Both PokerStars and its PokerStars Casino online casino sister brand are live in Pennsylvania, operating alongside Fox Bet after it launched in Pennsylvania in September. The three brands are also active in New Jersey.Players in Pennsylvania can access a selection of poker games, tournaments and promotional offers at PokerStars.bet, while PokerStars Casino will offer a range of online slots titles, as well as card, table and live casino games such as roulette and blackjack.PokerStars and PokerStars Casino are now available across mobile and desktop in Pennsylvania.Read the full story on iGB North America. PokerStars launches as first online poker brand in Pennsylvanialast_img read more

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Conservatives pledge Gambling Act review in manifesto

first_img Conservatives pledge Gambling Act review in manifesto The UK Conservative Party will conduct a review of the 2005 Gambling Act should voters elect it into government at the General Election scheduled for 12 December, the party’s manifesto has pledged. Email Address Tags: Mobile Online Gambling Topics: Legal & compliance People Legal & compliance The UK Conservative Party will conduct a review of the 2005 Gambling Act should voters elect it into government at the General Election scheduled for 12 December, the party’s manifesto has pledged.It becomes the third major political party to commit to changes to Great Britain’s gambling legislation following the Liberal Democrats and Labour Party.The manifesto sees the Tories promise to “legislate to make the UK the safest place in the world to be online”.It describes the Gambling Act as “increasingly becoming an analogue law in a digital age”. As such, it pledges to review the act, with a particular focus on tackling issues around loot boxes and credit card misuse.Both loot boxes and the use of credit cards to fund gambling are elements already addressed in the previous parliamentary session.In September, a Digital, Culture, Media and Sport (DMCS) committee called on the government to class loot boxes as games of chance, making them subject to the Gambling Act.Credit card gambling, meanwhile, was subject to a consultation run by the Gambling Commission, which closed on 6 November. Many have suggested that this will already lead to significant restrictions on their use by gambling customers.The Tories also pledged to “continue to take action” to tackle gambling addiction in its manifesto, though did not go into detail about what measures could be taken.It becomes the second party to turn its attention to credit card gambling in its election manifesto, after the Liberal Democrats last week pledged to institute a blanket ban on their use.The party also committed to new advertising restrictions for gambling and a compulsory levy to fund the research, education and treatment of problem gambling, as well as vowing to establish a gambling ombudsman to deal with disputes and complaints.Like the Tories, the left-wing Labour Party has pledged changes to the Gambling Act, saying it would introduce new legislation “fit for the digital age”.This would include establish new limits on gambling, as well as introducing a levy for problem gambling funding and new mechanisms for consumer compensation. Gambling addiction would also be treated as a public health issue, as part of plans to expand addiction treatment services, though as with the Conservative manifesto, this pledge is light on detail.The two other parties that have released their manifestos, the Green Party and the Brexit Party, do not mention any specific plans for the gambling industry at all. Subscribe to the iGaming newsletter Regions: UK & Ireland 25th November 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

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BETBY appoints Berkova as new COO

first_img Topics: People Sports betting Strategy BETBY appoints Berkova as new COO AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sportsbook supplier BETBY has named Eva Berkova as its new chief operating officer to support its ongoing expansion efforts into new European markets.Berkova has a background in the financial industry, working in leadership roles across human resources, marketing and IT.BETBY’s sportsbook solution covers over 400,000 events per year across more than 60 sports“I have been struck by how passionate my colleagues are, and the attitude towards creating a perfect product and excellent service for clients is evident throughout the business,” Berkova said. “The company is currently experiencing a very exciting period, and I am very happy to be involved.”BETBY chief executive Chris Nikolopoulos added: “We are pleased that Eva has joined the BETBY team, and are eagerly looking forward to her bringing an analytical and innovative approach to a number of our processes.“We have built a motivated, talented group at BETBY and as we continue to bring in top-tier talent, we become more confident that we will enjoy a very successful 2020.” Sportsbook supplier BETBY has named Eva Berkova as its new chief operating officer to support its ongoing expansion efforts into new European markets. Subscribe to the iGaming newsletter 18th December 2019 | By contenteditor People Email Addresslast_img read more

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Ukraine telecoms regulator issues blocking orders to ISPs

first_img Ukraine telecoms regulator issues blocking orders to ISPs Regions: Europe Central and Eastern Europe Ukraine AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 25th February 2020 | By Daniel O’Boyle Ukrainian national telecommunications regulator the National Commission for State Regulation of Communications and Informatization (NKRZI) called on internet service providers to block 32 online gambling websites on Friday (21 February).The decision, which came at the order of the Chief Investigative Directorate of the Security Service of Ukraine, was based on a judicial decision by Oksana Hardina, judge in the Shevchenkovskiy District Court of Kyiv.Hardina’s ruling gave the telecommunications regulator the power to issue blocking orders against websites offering illegal content, including online gambling.As a result, internet service providers must block access to the 32 websites, which include domains for PartyPoker, Pinnacle and CloudBet as well as FastPay Casino, Yukon Gold, Golden Tiger Casino and BetChain.An appeal to the order may be filed to the Kyiv Court of Appeal, within five days of the issuance of the order.The decision comes as legal online gambling in Ukraine gets closer. In January, the country’s legislature approved a bill that would legalise gambling in the country in its first reading, with 260 of the country’s 450 deputies voting in favour.The bill, 2285-D, was introduced by Oleg Marusyak and includes a licence fee of UAH6.7m (£212,800/€249,500/$277,300) for online gambling. A limited number of retail bookmaking licences would also be available, distributed through a points-based system, while casinos would be available in hotels.In December, when an earlier version of Marusyak’s bill was rejected in a vote in the legislature, Ukrainian President Volodymyr Zelensky threatened to strictly enforce the country’s existing anti-gambling laws if a framework for legal gambling was not adopted. Ukrainian national telecommunications regulator the National Commission for State Regulation of Communications and Informatization (NKRZI) called on internet service providers to block 32 online gambling websites on Friday (21 February). Topics: Legal & compliance Tech & innovation Tags: Online Gambling Subscribe to the iGaming newsletter Legal & compliance Email Addresslast_img read more

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Raging Rhino Rampage by SG Digital

first_img Email Address Slots Subscribe to the iGaming newsletter 21st September 2020 | By Aaron Noy Topics: Casino & games Slots AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Raging Rhino Rampage by SG Digital You can play a demo of this slot here! Rhinos are rampaging across the savannah. Follow them as they kick up extra rows of symbols and add more Rhino symbols to the reels. The classic bonus is elevated with an all-new Wheel Feature, while players can throw themselves into the thick of the action with Buy Pass.last_img

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IBIA secures Belgium’s Bingoal as latest member

first_imgThe IBIA last month also published a set of standards setting out protocols for the collection of sporting event data for betting purposes. Subscribe to the iGaming newsletter 10th November 2020 | By Robert Fletcher “It is very pleasing that responsible operators such as Bingoal continue to recognise the importance of integrity and see IBIA as their preferred partner.” Belgian retail and online gambling operator Bingoal has signed up as a member of the International Betting Integrity Association (IBIA). The operator will integrate its sportsbook operation with IBIA’s global betting integrity monitoring and alert platform, as well as sharing data and information on suspicious betting with other IBIA members. Email Address For the year to date, the IBIA has recorded a total of 195 suspicious betting alerts on sports from around the world. Tags: IBIA Bingoal “As a socially responsible business, Bingoal recognises that maintaining the integrity of our sportsbook product is an essential pillar of our commitment towards protecting our customers and the sporting events on which we offer markets,” Bingoal chief executive Joeri Impens said. IBIA secures Belgium’s Bingoal as latest membercenter_img Sports integrity Bingoal becomes the fifth new member to join IBIA in 2020, following five new sign-ups in 2019. Regions: Western Europe Belgium The standards, the IBIA said, aim to ensure all data is accurate, reliable and transparent; responsibly sourced in a way that minimises risk, and collated in a way that protects against criminality or misconduct. Topics: Social responsibility Sports integrity Some 76 alerts were registered in the three months to 30 September, up from 50 in the same period last year and 31% more than in the second quarter of 2020. IBIA chief executive Khalid Ali added: “Bingoal adds both retail and online intelligence capacity, with the former often being overlooked in the wider integrity data gathering debate. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Last week, the IBIA revealed a 52% year-on-year increase in suspicious betting alerts in the third quarter, with football and tennis accounting for two thirds of cases.last_img read more

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