Artemis Technology Group Purchased By Gaming Nation

The acquisition of companies in the internet gambling sector has proven to be an advantage for businesses that endeavour to expand. One such situation involves Gaming Nation Inc.,is a Canadian company that provides technology and information platforms to the sports and entertainment industry.  The firm’s platforms include subsidiary 5050 Central, which is an electronic real-time raffle system, BD Sport Group, providing in-stadium betting in the UK football sector, and sports information websites Fantasy Guru, FantasyGuruElite and Pick Nation. Recently Scott Secord, president and chief executive of Gaming Nation,  said the company was able to achieve a number of “key strategic and financial milestones” during the three months to June 30th 2017.

Gaming Nation’s subsidiary 5050 Central is pleased to announce it will acquire Artemis Technology’s electronic 50/50 raffle customers. 5050 Central will receive Artemis Technology’s customers including the National Hockey League franchises the Boston Bruins and Buffalo Sabres, as well as National Basketball Association team the Boston Celtics.

Gaming Nation’s CEO Secord, commented,“We are pleased to have completed this transaction and believe the acquisition of the customer base of Artemis will further establish 5050 Central as the dominant provider of electronic 50/50 raffles globally,” adding, “We have also added key talent to our 5050 Central team as Artemis founder Jason Zent will join the management team of 5050 Central and Erinn Zent will join the company as general counsel for our U.S. based clients.” 

Jason Zent also commented on the acquisition, “We are thrilled to have the opportunity to join Gaming Nation and work directly in continuing to grow their 50/50 raffle business.  Merging with the leader in this space will be extremely positive for our current clients and we look forward to working with the team at 5050 Central,”

Gaming Nation is now prepared to launch 5050 Central’s platform with all of Artemis’ clients just prior to the beginning of the NHL and NBA regular seasons.

 

Related news

U.K. Online Gambling Affiliate Programs Under Fire

The recent review of the gambling industry in the United Kingdom has shaken a few operators up to the point where one firm online gambling operator Sky Betting & Gaming is doing away with its UK affiliate program.  The media recently published articles on affiliates’ alleged predatory behavior prompting the exit.

The serious post from the company informed SB&G’s UK-facing affiliates that services will no longer be needed as of October 2nd 2017. The decision came following “a comprehensive strategic review” that focused on “changing regulatory requirements” in Sky Betting & Gamings’ local market. SB&G’s notice however did not say there were any changes forthcoming to its Oddschecker and Sportinglife affiliate platforms.

The post revealed that UK online gambling operators were “experiencing increased obligations regarding their regulatory responsibilities and level of compliance.” SB&G’s stance is that its UK program “is no longer viable and managing the output of affiliates presents a significant risk to our business from a regulatory perspective.”

The U.K.’s Guardian news source published articles recently detailing affiliates’ use of third-party data to target gamblers on the lower end of the socio-economic scale, thus exposing how a number of affiliate operations push long-odds wagers on gamers in order to ensure better returns from their money sharing arrangements with the operators.

The whole gambling industry in the U.K. is getting ready for the release of the results of the government’s triennial review of the gambling industry, which is expected to recommend further scrutiny of the gambling industry’s activity.

Ladbrokes Coral was another gambling operator to feel the sting of the publication and is one of the five operators that is being probed by the U.K. Gambling Commission and the Competition and Markets Authority. The firm recently announced it keeping a closer watch on affiliates’ methods to ensure their business practices weren’t creating issues for the company.

 

Related news

Gambling Systems Odds Not Affected Or Improved

Gambling online or off has been linked to mathematics with the exception of random access generated games such as slots. The use of systems for the gambler to create a perceived advantage have been around for hundreds of years. There are a number of strategies that rely on statistics, a branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organization of data.

Although it is not possible to perfectly predict random events, much can be said about their behaviour and these behaviours are part of what is called probability theory. The mathematical theory of probability has its roots in attempts to analyze games of chance by Gerolamo Cardano in the sixteenth century, and by Pierre de Fermat and Blaise Pascel in the seventeenth century so it is obvious the practice is old school. Statistics is said to have begun in ancient civilization, going back at least to the 5th century BC and even with the use of computers it still has not reached a peak.

The system known as a martingale is any of a class of betting strategies that originated from and were popular in 18th century France. The fundamental reason why all martingale-type betting systems fail is that no amount of information about the results of past bets can be used to predict the results of a future bet with accuracy better than chance. It becomes evident, especially with games, based on probability, that betting strategies are by no means flawless, or a hundred percent foolproof. The majority of betting strategies with games of chance, the players’ odds are not affected, nor improved by the betting strategy.  

All players should remember that even the most adequate betting strategy is unable to completely neutralize the house’s edge. Using mathematics to understand the process is one method to count ones losses and winnings but trusting in a method is not always advisable.

 

 

 

 

 

Related news

Betting Records Broken On Mayweather McGregor Fight

The recent match between the world champion boxer Floyd Mayweather and mixed martial arts fighter Conor McGregor was one of the most watched and wagered on events in recent history. Some operators posted record transactions during the first of its kind match where two disciplines were pitched against each other.

The OpenBet platform run by the NYX Gaming Group has reported that it processed a record breaking number of bets on the fight. The post revealed that there was an increase of 530% in total stakes and 375% in the overall number of bets over the previous record.  NYX Gaming Group stated that 85 percetn of the bets were placed on the Irish martial arts champ Conor McGregor. Gamblers put down an average bet of £20 on McGregor, but Mayweather attracted an average bet of £120.

The Executive vice-president at OpenBet, Keith O’Loughlin, commented on the match,  “OpenBet proved again that the platform we offer to operators can scale to cover very significant spikes of business.

“The resilience and scalability of OpenBet allows us to smash previous records with confidence and we continuously offer our customers a great experience 24x7 when it matters most.

“OpenBet, our customers, punters, Mayweather and McGregor all came out winners on one of the biggest fights in history – that's pretty unique.”

 Headquartered in Las Vegas, Nevada USA, the NYX Gaming Group Limited is a leading digital gaming provider, with 1,000 employees globally. NYX delivers added value by adhering to the highest standards of customer service, probity, and responsibility. NYX`s OpenBet sports book processed more than two billion bets and broke records at the 2017 Grand National, when it processed 68,000 peak bets-per-minute. The fight has gone down in the books as one of the most highly-viewed contests with PayPerView and TV revenue expected to have broken the $400m hurdle.

 

Related news

Online Gambling Bonuses To Be Restricted in Czech Republic

The many regulated online gambling jurisdictions in the European Union have reached a point where the rules are being challenged by a number of governments. The Czech Republic has recently amended its laws regarding gambling and it continues to try its level best to control the activity.

The Czech Republic has pledged it will restrict free bets and other bonuses offered by online gambling operators. The reasoning behind the latest move by the Ministry of Finance which has officially revealed that it has serious concerns regarding the offering of bonuses by the various online gambling service providers which the Ministry claims is inducing consumers to possibly develop unhealthy gambling issues and should be controlled.

The  government report said, “The casinos, appealing to instant and seemingly easy winnings, have become typical not only of the suburbs of the Czech cities, but also of the centres of smaller municipalities, and all of the related socially harmful activities pose a threat to public order and peaceful coexistence,”

The Czech Republic’s strict Gaming Act has been the bases for the restriction of bonuses that the administration says there is a connection between these types of promotions and problem gambling.
The lawmakers passed the Gaming Act to defend consumers’ rights and protection by controlling  spending.

The recently published article claims that “given the fact that gambling is an area of business that carries a negative social cost, as it causes pathological gambling and associated undesirable manifestations in a particular part of the population, a new legal framework has been put in place to improve consumer protection, the conditions under which gambling can be run, and not only the conditions relating to the direct provision of gambling, but also related activities such as advertising and others.”

The Czech Republic has good intentions and the restricting methods are considered helpful and a step in the right direction in harm reduction caused by excessive online gambling.

 
 

Related news

US Federal Online Gambling Ban Would Violate Rights

The United States is one of the biggest online gambling markets in the world but it is currently in the perilous state of being banned and turned into a criminal act should the federal government decide that direction. Republican US Representative Charlie Dent who has been the Representative for Pennsylvania's 15th congressional district, since 2005 has introduced a bill amendment that could see online gambling criminalized in the United States with an expansion of federal jurisdiction over states in the process.

Former politician Ron Paul has revealed in a press editorial that the federal ban on online wagering would be unconstitutional. The champion for civil liberties under the rule of law Ron Paul is only one of many that oppose the implementation of a prohibition on online gambling. It has been suggested that the proposals to amend the laws could be put before Congress as soon as the next session.

States that already are gaining revenue from online betting because they have gone through the legislative process and legalized it are concerned the amendment proposal will jeopardize their existing revenue stream. It is being argued that a ban would violate “the principles of federalism” and take away the rights of citizens granted in the constitution. Paul claims that Dent is abusing the 10th Amendment of the constitution in his all encompassing plans to control the online betting industry.

Ron Paul wrote recently, “His proposed ban on online gambling violates the principles of federalism and threatens the constitutional rights of all Americans, regardless of whether they gamble online,” adding “Criminalizing online gaming could also set a dangerous precedent that could be used to attack other rights.”

Aside from the civil rights of Americans being trashed there is the economic issue with New Jersey Governor Chris Christie saying to Congress that a federal ban on online betting would take away “economic and employment opportunities already realized ” in Atlantic City.

 

Related news

UKGC Brings Down the Hammer on 888 Online Gambling

The U.K. Gambling Commission has brought he hammer down on online gambling operator 888 with an unprecedented financial penalty for a failure to protect vulnerable gamblers from harm. The record penalty of £7.8m was ordered by the Commission that said there were "significant flaws" in 888’s endeavours to connect with the public.

The company is alleged to have failed to stop 7,000 online gambling participants from betting even though the consumers chose to be excluded from the gambling web location. One participant claims to have wagered more than £1.3m during a 13 month period before he was identified as an excluded individual.

888 said co-operation has resulted in the voluntary settlement, adding the company was "committed to providing players with a responsible as well as enjoyable gaming experience."

Chief executive officer with the U.K. Gambling Commission, Sarah Harrison, commented that the penalty would ensure that "lessons are learnt."

Speaking to the BBC Harrison said, “Our requirements are that every company must provide the facility for every customer to be able to bar themselves from gambling. These 7,000 looked to do that. But 888 didn't deliver it as effectively as they should have done.”

One customer staked more than £1.3m, including £55,000 stolen from their employer and as result of the probe a portion of the penalty £62,000 will be returned to the affected employer.  

The Gambling Commission has stated, "the lack of interaction with the customer, given the frequency, duration and sums of money involved in the gambling, raised serious concerns about 888's safeguarding of customers at-risk of gambling harm. " £4.25m will be given to a socially responsible entity  to invest in measures to address problem gambling issues.

Harrison continued, "There are around two million people now in Britain who either are problem gamblers or are at risk of problem gambling," adding, "Companies are beginning to put different practices in place to identify people right up front, but more needs to be done. We need to go further and we need to go faster."

 

 

 

 

 

 

 

Related news

U.K.Gambling Commission Reveals Women's Betting Habits

The old school approach to gambling is the image of a hidden back room filled with cigar smoke and noise with men betting on the latest sporting event. Now however the internet has been providing a safe and secure environment for men and women to engage in every kind of wagering.  

A recent Report commissioned by UK Gambling Commission has revealed that 59% of women in the United Kingdom have made a bet in the past year. The report also showed women aged 55 to 64 enjoyed placing a bet but only 2% of women have played at online casinos in the last year, but lotteries and scratch cards are very popular.  

The original focus of the report by the UK Gambling Commission was to look at the issue of problem gambling with fixed odds betting terminals currently being examined by the commission. A number of recent surveys in England, Scotland and Wales were used to collect the data. Sixty six percent of men however reported they had gambled in the past year.

The purchase of National Lottery tickets is the most common betting practice with 43 per cent of women having purchased a lottery ticket in the last year. Lottery and scratch cards are purchased equally by men and women. Bingo is most popular among women with 8% of females in the UK  having played bingo.

The report also revealed that the issue of problem gambling is less severe among the women who bet.  The current rate of problem gambling was 0.1% or 0.2%, for women compared with males at 1.1% or 1.3%. It was suggested that the youthful demographic of females ages 16-34 are more vulnerable to develop an issue with gambling.

The fixed odds betting terminals were not participated in by females with only 1% of women using them compared with 6% of men. Twelve percent of men participated in online sports betting compared to only two percent of women.

 

 

Related news

Paraguay Proposes Revamping Gambling Laws

Paraguay is a landlocked country between Argentina, Brazil and Bolivia.  The South American country is at the very center of the continent and has been struggling economically for some time. The introduction of a new system to address gambling in Paraguay has been suggested that will reduce the number of licensed sports betting operators from seven to one.

The action that the country intends to take has repercussions for the industry in that nation. Paraguay’s National Gaming Commission (Conjazar) is proposing a ‘there can be only one’ confrontation by having the seven sports betting operators competing for a single monopoly license.

Conjazar said most of the seven betting operators have been operating under provisional licenses granted by the executive branch. Conjazar has explained its logic to streamline the country’s betting sector as a way of boosting the government’s tax revenue. The theory the regulator has adopted is such that if the competition is reduced to only one the chosen operator will be willing to shell out a larger percentage of profits in taxes to the government. 

Conjazar president Javier Balbuena told the media the regulator intends to curtail the offerings of sports betting operators that use permits issued by local municipalities but haven’t received authorization from Conjazar.

Paraguyan law makers are reviewing Law 1016/97 that includes a clause where Conjazar would be separate from the Ministry of Finance. The director claims the taxes gained from the one licensed betting operator could fund the increased needs of the regulator which it says is insufficient to maintain proper oversight of the gambling industry.

The introduction of online betting is also a cause for concern for the government which has had to hire consultants from offshore to comprehend the variable gambling platforms available to the people of Paraguay. Balbuena said the new legislation and the expectation of more financial resources, “will allow us to capture those revenues that are lost in the municipalities today.”

 

 

 

Related news

U.K.Gambling Commission Says More Needs To Be Done

The online gambling industry has been dealing with abuse since its inception. Most operators know that there are issues for some participants and with all good intentions try to offer help and tools to allay the dangers. Some of the regulatory bodies in the world have been slow to react to industry changes and the growth of issues related to online betting.

The UK Gambling Commission is announcing that it will require the industry to do more to deal with issues related to problem gambling. The Commission recently undertook a review of gambling which focused on rates of participation, at-risk gambling and problem gambling. The review explored the associated characteristics and behaviours of the problem gambler and how to deal with them.

Executive director of the UKGC, Tim Miller, said the report revealed that operators must do more, adding that the “pace of change” has been too slow.

Miller continued, “Whilst overall problem gambling rates in Britain have remained statistically stable, our research suggests that in excess of two million people are at-risk or classed as problem gamblers, with very many more impacted by the wider consequences of gambling-related harm,” “We have a clear commitment to make gambling fairer and safer and these figures show that this is a significant challenge.” Miller added, “Success will depend upon us, the industry, government and others, all working together with a shared purpose to protect consumers.

“The pace of change to date simply hasn’t been fast enough - more needs to be done to address problem gambling.”

Chairman of the Responsible Gambling Strategy Board, Chris Kelly also commented, “These new findings show that gambling continues to cause harm to a significant number of people in Great Britain; they underline the importance of the National Responsible Gambling Strategy being pursued with vigour by everyone with a role to play in its delivery.”

 

 

 

 

 

 

Related news

Pages