Lottomatica Partners With Global Daily Fantasy Sports In Italy

Headquartered in Vancouver British Columbia Canada Global Daily Fantasy Sports Inc. is moving into new jurisdictions in Europe’s gambling market. Daily Fantasy Sports betting is the newest innovation for the sports betting fan. The company is integrated with gaming operators who have a monetized customer and captive audience.

Global plans to licence its B2B daily fantasy sports content and technology within the UK after it received a combined remote operating licence from the UK Gambling Commission last November. The new licence enables the company to manufacture, supply, install and adapt gambling software for electronic devices or websites in a network setting and by remote means.

Chief executive officer at Global Daily Fantasy Sports, Darcy Krogh, commented back then,  “I am delighted to announce that we have been granted a remote gambling licence in the UK; this will be a key target market for our business moving forward.

“Currently, our focus is on going live with our Italian clients, and with the launch of our .com network shortly thereafter, we plan on signing a number of key strategic partners in the UK.”

The focus has become clear with the recent announcement by Global that it has launched an Italian-facing network through a partnership with Lottomatica. The arrangement will see Lottomatica become  the network source, allowing  customers to gain access to a registered user database that is in excess of 30 million players.

Darcy Krogh, Global Daily Fantasy Sports CEO commented on the launch,  “We are very excited with the launch of our Italian facing DFS network and look forward to working with our partners to innovate and build daily fantasy sports in Italy.

“The country is one of the largest gaming markets in Europe and is growing exponentially.

“2018 will bring new opportunities with the 2018 Fifa World Cup and the addition of new customers to join our DFS network in Italy.”

 

 

 

 

 

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TGG Eyes Southeast Asia Gambling Potential

Gambling in Asia has massive potential as some countries open up their nations to regulated betting garnering much needed income. TGG the first open-source casino gaming platform in the world is  bringing global game developers and casino operators together in an industry worth US$450 billion.

The TGG organization has 17 partners and 200 innovative gaming titles pending deployment to 13 casinos in 10 countries around Asia, Europe and Latin America.TGG Takara Gaming Group recently announced it is entering the Southeast Asia Market with two leading local casino groups in Southeast Asia the Golden Crown and Superrich the Best Casino.

Records are being broken in the growth of casino gaming in Southeast Asia with research data showing that the Asia-Pacific market grew immensely between 2005 and 2015. Countries in Southeast Asia such as Cambodia, Vietnam, Myanmar, and Laos have made strong advancements in casino gambling. It is estimated that the income generated by casinos from non-residents is approximately US$2 billion annually. This amount represents around 40 percent of the total amount spent by foreign visitors in 2016 according to a report from the National Bank of Cambodia.

Co-founder and CEO of TGG, Raymond Chan commented on the effort, “TGG is eyeing the potential of Southeast Asia. Much of the new growths has come from Chinese visitors, the major reason behind this due to the booming of the economy in the Asian regions and therefore increased the Asian players rapidly. We are exciting to make our first gateway into Cambodia through this deployment with the two leading local casinos. It definitely marks another milestone for TGG in the East Asia market.”

 

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GVC Holdings Acquisition of Ladbrokes Coral OnTrack

The acquisitions and merger story has been told many times and each time it looks as if one company may eventually own all of the online gambling opportunities. The agreement reached by GVC Holding and the Ladbrokes Coral firm at the end of last year is an example of the never ending story of the big entities getting even bigger.

Ladbrokes Coral agreed to a buyout by GVC Holdings for around £4bn should FOBT stakes be limited to £50, with the offer dropping to £3.2bn if the limit is £2. GVC Holdings PLC is a multinational sports betting and gaming group incorporated in the Isle of Man.  GVC has four business segments with a number of leading brands; Sports Labels (bwin, Sportingbet, gamebookers), Games Labels (partypoker, partycasino, Foxy Bingo, Gioco Digitale, CasinoClub), B2B and non-core assets. The Group also acquired bwin.party digital entertainment plc in 2016.

GVC chief executive officer Kenneth Alexander said back when the story broke, describing the deal as "a truly exciting prospect." Alexander also said, "The creation of one of the world's largest listed sports betting companies, combining a portfolio of established brands, proven technology and leading market positions in multiple geographies, is a truly exciting prospect.

“In a dynamically evolving industry, the transaction creates an enlarged group with the scale, diversity, proprietary technology and management expertise to pursue many opportunities globally.

“GVC has a proven track record of creating shareholder value through the successful integration of acquired businesses and the GVC board believe this transaction will create further value for our shareholders and those of Ladbrokes Coral."

Both firms agreed, the group will be “a fast-growing, diversified, international online and retail sports betting led gaming group with more than 90% of net gaming revenue generated from locally regulated/taxed markets.”

A recent update revealed Ladbrokes Coral will publish a scheme document containing details of the deal that will be sent out to its shareholders next month for consideration.

 

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Codere Moves To Expand Digital Division

Codere a Spanish multinational company in the private gaming sector which was founded in 1980 is undergoing some management changes and has announced a new direction. Spanish media provider El Economista recently reported that Codere’s newly installed senior management team has dismissed the strategy of growth using mergers or acquisitions for at least “the next few years.” Codere’s new chairman Norman Sorensen and CEO Vicente di Loreto have voiced they are, “not interested in participating in Cirsa’s open sale process.”  In addition to Mexico, Codere also does business in Argentina, Colombia, Panama and Uruguay.

The potential deal with rival Cirsa has been scuttled in order for the company to focus on building Codere’s digital division. Codere’s new management team expressed interest in taking a potion of Cirsa’s market share, in both local and market abroad, notably in the digital sector. Codere said it has a plan to take the next two or three months to produce a directive with an online focused strategy which the company will devote 20-25% of its gross profits.

As the potential market in Latin America grows Codere will target Mexico and Italy as areas where they see online growth possibilities. Having already launched a new Colombian-licensed online gaming site last November and the firm is expecting to be one of the first to establish its services in Brazil when the country finally approves the long expected new gambling expansion legislation. Coderes’ profit from bingo is expected to decline as the company continues to roll out more digital platforms in Latin America.

The strategy of the new management team at Codere is to operate with a leaner budget for the next few years with the aim of bringing down its long-term debt levels. The firm has announced plans to not offer dividends to its shareholders for at least another year.

 

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Sporting SolutionsTo Supply Sweden's Svenska Spel

Sporting Solutions has since 2007, has, using market-leading technology created superior turn-key pricing and trading solutions for Tier 1 operators across the planet in more than 20 major sports. Sporting Solutions is the Business 2 Business branch of the UK´s widely respected Sporting Group.  Sporting Index, is another division and it is one of the world’s leading sports spread betting solutions.

The Sporting Group has been operating since 1992and is part of The European Lotteries and World Lottery Associations. Now a recent announcement says Sporting Solutions has agreed to an arrangement to provide its outsourced pricing services to respected Swedish lottery Svenska Spel.

The arrangement will run for a preliminary  year with Sweden’s Svenska Spel having the option to continue for another year. The supply of pre-match and in-play pricing across many key sports, including international tennis, football , American football and the National Hockey League will be provided by Sporting Solutions. Also  as a bonus Svenska Spel will have complete access to the Sporting Solutions ‘self-trade’ technology offering.

Svenska Spel’s vice-president products and services, Fredrik Wastenson, commented on the deal, “We committed to a competitive procurement process in 2017 to attract a sportsbook supplier able to provide us with expansive content, accurate pricing and strong heritage in the industry, and we’re confident Sporting Solutions can deliver on all three,” Wastenson continued,  “Having seen their trading solutions first hand, it’s clear they’re built on decades of experience delivering profitable models across numerous sports.”

Sporting Group’s , chief executive, Simon Trim, the parent company of Sporting Solutions, also commented, “Svenska Spel are one of the most established names in lottery sports betting with a very strong customer base, and we are very proud to announce them as our latest lottery partner. Trim added, “With the help of our pricing and trading services they will be better able to compete with private operators in their liberalising domestic market.”

 

 

 

 

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Italy Looking to Expand Licensing of Online Gambling

Italy has seen the writing on the wall and now realizes that online gambling is a gold mine with potential not yet fully tapped. The Italian regulator Agenzia delle Dogane e dei Monopoli (ADM) announced recently it has launched a public tender to award as many as 120 new online gaming licences.

Covering odds and pool betting on sports and non-sports events, as well as skill games with cash prizes, fixed odds betting with interaction between players, and bingo the new licences will enable operators to create online gaming platforms across various regulated markets.

The deadline of March 19 to submit an application has been established for applicants who are required to meet a series of qualifying criteria set out by the ADM in the tender form. The online gambling licences will be active through to the end of 2022 and successful applicants will be subject to a one-time licence fee of €200,000 ($241,200).

Although the ADM said it would consider applicants active operating out of the European Economic Area EEA as well as those not solely focused on the gaming sector with turnover below the established threshold of an overall gaming turnover of at least €1.5m in the last two years sector applicants must have a registered office in the European Economic Area (EEA), be active in this region and  provide at least one of the games regulated by ADM.

The ADM said it is open to applicants that undertake an independent appraisal to reveal that the firm holds the technical and infrastructure capacity, either through its subsidiaries or a parent firm, as well as those operators that have a two-year first demand bank guarantee for an amount of €1.5m.

The requirements set out by the ADM also include applicants must have a dedicated technical infrastructure that is compliant  with the national standards as well as members of the corporate bodies of the applicant meeting  the rules for both the personal and professional wishes of the Italian Public Procurement Code.

 

 

 

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U.K.Gambling Commission​ Clamps Down On Online Gambling

Not doing enough to combat criminal activities is the reason behind the U.K.’s Gambling Commission’s recent announcement that there are five online casinos under a cloud of possibly losing their licences to operate in the jurisdiction.

The Gambling commission has sent letters to seventeen  online casino operators, regarding the “serious nature” of its findings on their controls that deal with money laundering, terrorist financing and problem gambling. The noted regulator has mentioned they are reviewing the licenses of five of the operations and are considering revoking the permission to continue offering gambling services in the United Kingdom.

The letter from the Commission stated research had revealed a number of failings in money-laundering controls, and also in social responsibility provisions designed to protect problem gamblers from harm.

Reporting officers employed by these operators had no formal qualifications and were “unable to provide suitable explanations as to what constitutes money laundering”.

The Commission noted, “There was a general lack of understanding of how criminal spend could affect the business.” It also maintained that the firms in question did not submit enough information about suspicious activity to law enforcement agencies such as the National Crime Agency. Failing to intervene when customers were showing signs of problem gambling was also revealed, the commission said. “This behaviour did not trigger a customer interaction,” by these operators, the Commission declared.

Chief executive officer at the Commission,  Sarah Harrison, said, “It is vital that the gambling industry takes its duty to protect consumers and keep crime out of gambling seriously.

“The Gambling Commission’s new strategy sets out our vision for a fairer and safer gambling market.

“The action we are taking to examine online casino operators’ compliance with money laundering and customer interaction requirements is just one example of how we will be relentless in turning that vision into reality.”

 

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Eventus Presents Sports Betting & Gaming India 2018

India has many aspects that lend themselves to creating enormous potential for online betting with sports betting making the top of the list. In order to help realize the vast potential for operators and administrators interested in gaining insight into the jurisdiction a conference has been arranged by Eventus International.  Eventus International has announced the venue for Sports Betting & Gaming India at the Park Hyatt Goa Resort & Spa, with the conference dates scheduled for 27 - 28 February 2018. Eventus International is an independent  global events and exhibitions company.

This first of its kind event, the Sports Betting & Gaming India Conference (SGBI), aims to bring together all of the key stakeholders, instrumental to the discussion about the future of betting and gambling in India.

The agenda is designed to spot-light the current situation and consider the case for legalisation and regulation, taking in commercial opportunities, responsible gambling and consumer protection and legislation and regulation as a vehicle for ensuring betting integrity.  The event will provide a platform for open discussion and debate on the future of betting, gaming and gambling in Indian jurisdiction. Attending the event an opportunity is presented to learn about the latest legal status on sports betting and gambling in India as well as the latest trends in the gaming market.

Expert professionals will offer effective new strategies and cutting-edge technological developments. As well as sage advice on pressing issues from some of the world’s top lawyers and consultants the industry's top companies and service providers will be on hand for possible supply deals.

The speaker list is extensive with experts such as Ms. Aahna Mehrotra who works as an independent ‘Sports Law and Management Consultant’ in Mumbai, India. Others include Anuj Gupta who has over 17 years of experience and a decade of proven track record in IT sector.

This first time event will be a pivotal experience for anyone who attends.

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Neteller & Skrill Leave Brazil's Online Gambling Industry

A report commissioned by the Remote Gambling Association (RGA), the largest trade association representing the online gambling industry has released the results of the report  by consulting firm KPMG which estimates the Brazilian iGaming market, measured in Gross Gaming revenue (GGR), to be worth more than $2.1 billion (R$6.7 billion).

The Brazilian Congress and Executive branch are working towards regulated online gambling in the country which for now has prohibited all gambling. The estimated timeline for the government to actualize reforms is uncertain but as the Brazilian Senate recently revealed the results of an online poll finding that 86% of the 2,672 respondents were in favour of legalizing online gambling. Almost two-thirds of respondents commented that legalization would benefit the country, compared to only 12% that commented that it would bring negative results for the country.

The recent announcement that payment processors Neteller and Skrill said they would no longer support Brazilians making deposits to gambling services has put yet another perspective on the situation in the nation.  Neteller and Skrill, are both owned by Paysafe Group (formerly Optimal Payments) and it is obvious some form of pressure was placed on the companies involved.  Paysafe has been reducing its online gambling relationship with the governments of recent years noticing the government is becoming more restrictive in controlling the economy.

Although confusion has been the latest reaction to the news received by email notices from Neteller informing them that the firm, “will no longer process deposits by members in Brazil to gambling merchants” effective February 21. Skrill customers also received a message stating the same.

Customers will have until February 28 2018 to withdraw any funds from online gambling sites from their Neteller/Skrill accounts. The money processing firms have apologized for any inconvenience stating their customers’ accounts will otherwise be not affected.

 

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Young Maltese Players Banned For Match FIxing

There are many incredible opportunities for the young athlete today but there is always a few players  who want to take advantage of those opportunities and cheat. Spoiling a promising career by taking the corrupt path is not the most intelligent move for those involved in organized sport. Match fixing hurts everyone and creates distrust for everyone.

European football’s governing body UEFA has issued a ban to six Maltese under 21 players after finding them guilty of match-fixing.

The UEFA Control, Ethics and Disciplinary Body ruled that Emanuel Briffa and Kyle Cesare will both receive lifetime prohibition from the professional game of football after it was ruled they “acted in a manner that is likely to exert an unlawful or undue influence on the course and/or result of a match or competition with a view to gaining an advantage for himself or a third party.”

Activities during Malta’s UEFA European Under-21 Championship 2017 qualification matches against Montenegro on March 23, 2016, and the Czech Republic on March 29 in the same year were under investigation resulting in the forever ban of the players.

Others included in the crackdown include Samir Arab who will serve a two-year ban from the game after “not immediately and voluntarily informing UEFA if approached in connection with activities aimed at influencing in an unlawful or undue manner the course and/or result of a match or competition.” Llywelyn Cremona and Luke Montebello both received a 12-month ban for the same offence.  

Ryan Camenzuli has received an 18-month ban from the sport for contravening the rules. UEFA's Control, Ethics and Disciplinary Body also investigated Matthew Cremona, but chose disciplinary proceedings against him while allowing him to still play. UEFA president Aleksander Čeferin described match-fixing “a disease that attacks football’s very core. ”

 

 

 

 

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