Plans In Place For Global Gaming Expo G2E Asia 2019

The interesting history gambling has created is evident in the incredible places that gambling has built. Places such as Monte Carlo and Macau host casinos that are spectacular both inside and out.

Next year’s most prestigious gaming event the Global Gaming Expo (G2E) which brings together professionals from all over the planet will take place on May 21-23 2019. The Venetian Macau will host the gambling conference offering a platform for all information concerning the global betting industry.  The major three day event is organized by Reed Exhibitions and presented by the American Gaming Association and is UFI-approved. Reed has been organizing this show since 2007 and also develops over 500 events in 30 countries, employing a staff of 3,900 specialists.

Speaking on the exhibit’s past and future Josephine Lee, Chief Operating Officer of Reed Exhibitions Greater China said, “Our twelve-year success in Macau demonstrates the extent to which ambitious businesses in the world of global gaming and entertainment trust G2E Asia to help them connect to new opportunities, explore fresh innovations, and conduct peer-to-peer exchange. The show continues to evolve, according to the changing rhythms of the industry, which is why it remains so relevant, and why the gaming and entertainment industry, throughout Asia, trusts G2E Asia as the right exhibition platform via which to drive business forward,”

Technology is a key element of today’s gambling business thus G2E Asia will address Digital Content & Technology including a Parts and Components Pavilion highlighting the mechanical aspects utilized by electronic gambling. Integrated Resort Technology & Business Solutions will be a unique source of recent IR products, technologies and services that drive revenue from other sources.  The concurrently held Asia Lottery Expo and Forum, a learning and networking platform designed for lottery professionals.

Well known and successful participating exhibitors such as IGT, Aruze, Aristocrat, SG Gaming, Jumbo Technology, Euro Games Technology, Gaming Partners International, Interblock and Ainsworth will showcasing at G2E Asia 2019 in Macau.

 

 

 

 

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U.K. Responsible Gambling Strategy Board Appoints New Chair

Responsible gambling has become one of the most important issues facing the betting industry around the world. The United Kingdom is one jurisdiction that takes the issue seriously and has been proactive in attempts to reduce harm created by excessive wagering.

The U.K. Gambling Commission identified the need for the creation of a Responsible Gambling Strategy Board, covering England, Scotland and Wales in order to develop a strategic framework and priorities for the distribution of funding for gambling research, education and treatment and to advise on the funding needed to deliver them. The Board advises the Gambling Commission and DCMS on a national responsible gambling strategy.

The appointment of the former Chair of the Health and Care Professions Council, Dr. Anna van der Gaag CBE as the new chair of the Responsible Gambling Strategy Board, is seen as a good move by operators and the public who respect the initiatives of this body.  

Succeeding  Sir Christopher Kelly, who will end his role as RGSB chair in March of 2019, Dr. Anna van der Gaag is interested in the way regulators can be proactive in the prevention and reduction of harm caused by gambling.

The U.K. Gambling Commission Chair commented, “It is with pleasure that we announce Dr Anna van der Gaag as the new chair of RGSB. She brings with her a wealth of experience in health, social care and the prevention of harm that will be an asset in advising on how to implement the next national strategy, which will launch in April 2019 and on which we will shortly be consulting.”

Dr Anna van der Gaag, said, “Gambling-related harms are increasingly recognised as a public health issue requiring robust collective action. I am thrilled by this opportunity to join a team with such a passionate commitment to understanding and reducing harms and raising awareness of the personal and societal costs that can arise from gambling activities."

 

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Rank Group Fined By UKGC For Self Exclusion Violation

The problem gambler is usually a person that hides the issue from family friends and employers and when it comes down to the crunch when the issue becomes unmanageable the gambler may seek help. The providers of gambling services and products are aware of problem gamblers and try their best to provide help in various ways. The concept of self exclusion is universal and employed by most operators and the United Kingdom is like most jurisdictions, it has provisions in place for casinos to allow gamblers to exclude themselves from betting activity. In most jurisdictions the self-exclusion clause has been voluntary but there is no guarantee the gambler won’t reconnect with a casino on their own. Operators are at a loss if self-excluded gamblers decide to gamble again.  

The recent fine imposed by the U.K. Gambling Commission is part of the Commission’s effort to keep operators on track. The $650,000 fine may deter the gambling industry from being complacent when they don’t follow through on the self exclusion laws. The fine levied against the U.K. firm Grosvenor Casinos which has 55 enterprises in the U.K. which realizes around $500 million in annual revenue.

The VIP high roller gambler self excluded himself in 2016 for six months saying he was having trouble controlling his passion for betting despite his obvious ability to pay his gambling debts.  Then in 2017, The Rank Group gave the customer credit of more than $1.2 million even though the customer was still in his excluded. The gambler managed to lose all the money fast. Then the company put the player in an enforced break prohibiting the individual from both the online and land based casino betting.

The Rank Group, owners of the Grosvenor Casinos, was fined more than $650,000 for breaching the law of self-exclusion. The fine will hopefully make operators more aware of their responsibilities as providers of products with potential harm.

 

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NBA Signs Partnership Deal With Francaise des Jeux

The world of online sports betting is focused on the tremendous growth available in the USA with numerous organizations looking to be included. The newest addition in the competition for market share of sports betting is the French government operated game supplier Francaise des Jeux which has become the first European government controlled enterprise to partner with the National Basketball Association.  The basketball league has come to the conclusion that the new rules applying to the sports wagering market in the USA allows for offshore operators to partner with US home sports organizations.

The NBA announcement that a deal had been signed with the Francaise des Jeux set a precedent for other sports organizations in the USA.  The ParionsSport brand representing the Francaise des Jeux is the first to partner with the NBA. No details about the financials of the deal have been disclosed as yet.

The French supplier has more than 27,000 retail betting outlets in France which will now employ the official league data for sports betting operations associated with NBA branding available across terrestrial and online sports offerings during the multiyear arrangement. Vandana Balachandran who is NBA Europe and the Middle East vice president of global partnerships mentioned that the partnership will be providing the best possible experience to customers seeking entertainment and sports betting that is based on official, accurate, real-time NBA data.

The US National Basketball League has been especially active creating partnerships having signed a $25 million deal with MGM recently.  The Nevada sports books have not been able to utilize the term NBA in offerings to avoid contravening copyrights. MGM offering of sports betting will be able now to use the NBA name and logo across the US jurisdictions where sports betting is allowed.

The American Gaming Association revealed recently in its study that legalized sports betting could increase the league’s revenue by as much as $585 million per annum. This number includes advertising, sponsorship, data and media deals.  

 

 

 

 

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William Hill Powers Into US Sports Betting Market

The recent articles regarding mergers and acquisitions for a piece of the sports betting market that has become super charged in the USA is really the tip of the iceberg. Firms are making headlines because many are well funded and technically advanced companies from the U.K. and Europe.

The deals made lately include GVC, MGM, and Boyd Gaming who have teamed up to offer online sports books, casino gaming and poker games in the  same market MGM participants in. MGM has recently built two new casinos and plans to open a third one in the future. Caesars is already collaborating with Scientific Games to offer sports betting in New Jersey and Mississippi. Paddy Power Betfair has signed an arrangement with FanDuel to give fantasy sports and sports books access in more than 40 states. The Swedish company Unibet has also signed a deal to offer a sports betting at the Hard Rock Casino in Atlantic City New Jersey.

Now the old gambling firm from the U.K. has made yet another inroad in the USA market. William Hill has made two recent mergers and purchases. The company has entered into an arrangement with IGT to offer more sports options with lotteries. William Hill also finalized a deal with El Dorado Resorts for sports books in its casinos.

IGT is a multinational gaming company that produces slot machines and other gaming technology. The company is headquartered in London, with major offices in Rome, Providence, and Las Vegas. The agreement with IGT allows William Hill access to additional technology and expertise letting William Hill advance further on US soil.

Teaming up has huge benefits for the two companies using the expertise and technology of both firms has given the enterprises access to a market in the USA that promises to just get bigger. The race for supremacy is on and the competition heats up to the benefit of both consumers and operators.

 

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Scarlet Pearl Sports Book Launches With DraftKings

The USA has opened the doors to entrepreneurs looking to make some serious money by providing sports betting products and services in the numerous jurisdictions of that country. An application by the Daily Fantasy Sports enterprise DraftKings to gain a sports betting license from the Mississippi Gaming Commission, has resulted in the company announcing an arrangement with Scarlet Pearl Casino Resort in D’Iberville, Mississippi.

Boston headquartered DraftKings Inc has become a global company with offerings of daily fantasy sports betting accessing eleven professional sports in eight countries including Canada, U.K and Australia. The new sports book will open November 16, 2018, the new offering will transform Scarlet Pearl’s existing PRL Bar into a multi-screen betting and social destination for sports enthusiasts.  

Chief Revenue Officer and co-founder of DraftKings, Matt Kalish commented on the arrangement, “We’re thrilled to be working with Scarlet Pearl Casino Resort, whose leadership has a high bar for quality and a forward-thinking approach to sports betting; a perfect fit for DraftKings.” Kalish continued to add, “We’re excited to bring and offer an innovative sports betting experience to sports fans in one of the largest and most competitive gaming markets in the U.S.”

The Scarlet Pearl Casino Resort is a magnificent casino considered one of the Gulf Coast’s most up to date gambling enterprises with over 1,170 slots, 80 video poker machines and 37 table games, and now a part of the casino is dedicated to sports betting.

Scarlet Pearl Casino Resort CEO LuAnn Pappas commented, “We are excited to introduce DraftKings, a ‘New Way’ to game for our current and future guests,” adding, “Our collaboration with DraftKings is an opportunity for us to continue to set high standards on the Mississippi Gulf Coast and give our players a new home for sports betting.” Being on the leading edge is where most entrepreneurs want to be, right where these firms are now.  

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Bet365 Signs 20 Year Venture With Empire Resorts USA

The reasoning behind mergers and partnerships in the online gambling industry usually have something to do with potential. In the case of the recent legalization of sports betting in the USA companies are looking into the future of partnerships and seeing that there is massive revenue to be had should the right connections and acquisitions be made. Bet365 Group Ltd is an online gambling company based in the United Kingdom which has more than 35 million customers around the world and it has been investigating the potential of $1bn (£781.3m/€885.1m) in the New York USA betting market. Its subsidiary Hillside New York has signed a twenty year agreement as a strategic partner with the Empire Resorts’ Resorts World Catskills venue. The arrangement will see Bet365 develop a physical and online sports book when sports betting is introduced in the Empire State in the near future.

Executive chairman of Empire Resorts, Manny Pearlman described the deal, “Bet365’s global expertise in effectively developing and executing world-class sports books strongly complements Empire’s leadership in commercial casino operations in New York,"  Pearlman continued,  “This collaboration, which will enable Resorts World Catskills to be a leading destination for sports wagering in New York State, highlights our commitment to the continued growth of Resorts World Catskills, as well as our dedication to working with the best, most innovative pioneers in the industry to provide world-class gaming options.”

Although Bet365 has been taking its time moving into the US sports betting market after the activity was made legally possible they have signed only one other deal with the Hard Rock Atlantic City in the garden state of New Jersey.

President of the Bet365 subsidiary Hillside New York Simon Betteley, commented,  “This landmark agreement, which combines Empire’s gaming operating skill with our expertise in providing best-in-class online sports betting, allows Bet365 to tap into what we believe will be one of the most significant online and sports book markets in the US.”

 

 

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International Police Effort Busts Huge Mafia Crime RIng

The number of times the mafia has been busted for illegal activities over the years is outstanding but never seems to be eradicated. The ‘mob’ is a constant threat in Italy and now with the use of the internet in other parts of the world. The authorities of Italy's anti-mafia police recently arrested 68 suspected criminals in an international investigation of organised crime organizations which have allegedly made millions of Euro from illegal online gambling operations. It has been suggested by media outlets that as much as one billion euro in assets were seized across 12 countries including luxury apartments and even a football team.

Suspects residing in southern Italy were brought in by as many as 800 police operatives from families in Sicily, Calabria and Puglia,. Italy’s organised crime fighting organization stated, "The 'Ndrangheta, and the mafias in Sicily and Puglia, no longer exist," according to chief, Federico Cafiero de Raho.
"They are now fluid organisations that manage different businesses between them," Prosecutors added, “The ‘younger generation’ are making a ‘decisive contribution’ to these family businesses with their technological knowledge”

The coordinated effort of the European Union's judicial agency in The Hague, Eurojust with police in Britain, the Netherlands, Serbia and Switzerland resulted in the seizure of the criminals obtained in Albania, Austria, Britain, Germany, the Isle of Man, Italy, Luxembourg, Malta, Romania, Serbia, the Seychelles and Switzerland. The illegal organizations made arrangement with businesses in the online gambling industry, allowing them to recycle large sums of cash through "illegal parallel circuits" on the betting platforms in return for promotion and protection.

Cafiero de Raho said, "We can see from ongoing investigations how the mafias work together in different sectors. We still need to establish whether there is a fixed leadership or if the deals change depending on the territories involved,"

In one area of the investigation in Puglia investigators monitored 167 suspects, heard 190,000 wiretaps and viewed 40,000 hours of video surveillance tapes.

 

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UKGC Fines Stride Gaming  £7.1m For Not Doing Enough

The first ground rule for online gambling is to pay the business game by the rules and obey the regulatory bodies that guide the industry and keep it fair.

The recently announced fine against Daub Alderney owned by Stride Gaming is the proper approach to keeping the online betting industry with decent guidelines intact. The reputation of the world of gambling is fragile enough for it to suffer from illegal money laundering and other violations.

The £7.1m fine by the U K Gambling Commission “for failing to follow Gambling Commission rules aimed at preventing money laundering and protecting vulnerable consumers” isn’t really enough to make a dent in the continuing dilemma of greed and crime. The bodies Regulatory Panel revealed that the licensee had “breached conditions of its licence relating to anti-money laundering measures [and] failed to comply with social responsibility codes of practice.” The company Daub Alderney had garnered as much as twenty five percent of the online bingo market but will be subjected to more conditions for its license.

Richard Watson, the Executive Director of the Gambling Commission commented, “This action is part of an ongoing investigation into the online casino sector.” The director added, “The operator’s standards did not match the protections required, and this fine reflects the seriousness of these lapses.”

The company did take responsibility for it laps in anti money laundering efforts and its need to update and renew services for responsible gambling. The UK Regulatory body noted, “Officials found that at the time of the corporate evaluation that there were significant limitations in the licensee’s ability to proactively identify and mitigate risk. This manifested itself in terms of resource, systems, and controls,”

The UKGC also maintained that Daub’s social responsibility effort,  “was not sufficient – it only gave examples to staff of potential issues as opposed to outlining detailed action to be taken to mitigate risk, and there were no specific policies for VIP customers”.

 

 

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Equinox Dynamic & Betsoft Join Forces In Scandinavia

The name of the game when it comes to the online gambling business is market share and expansion. Companies all over the world are dealing and connecting to create larger and more efficient gambling enterprises. One firm that follows the get big or go home approach has been Betsoft Gaming which has earned a reputation as one of the world’s premier producers of high quality betting products. The casino management platform and its experience in building 3D games has propelled the firm forward in the competitive online casino space in Europe and the Americas.

Expanding its reach the company has recently announced it is strengthening its market in Scandinavia and Germany by signing a strategic content agreement with Equinox Dynamic, specifically its Nordicasino operation.

Equinox is the owner operator of six casino brands including Nordicasino, and its other related operations Reeltastic, OrientXpress, Superlines, Spintropolis and La Fiesta Casino. Nordicasino is a relative newcomer to the Scandinavian jurisdiction and has made significant inroads to establish the brand as a winning solution.

Annamaria Anastasi, the marketing Director for Betsoft Gaming commented, “Across all of its brands, Equinox pursues excellence in customer service, support, and the selection of high-quality games available to its players,” Anastasi added, “As a firmly established presence in Scandinavia and throughout Europe, Betsoft was in a strong position to be able to provide precisely what Nordicasino needed: a comprehensive library of cinematic content, available in the right regulated markets.”

Arik Weiss, Equinox’s Chief Marketing Officer also said, “When we canvassed for the best content the international iGaming market had to offer, we kept coming back to Betsoft,” Weiss continued, “The blend of quality and quantity they offer is unmatched anywhere else, and we expect our partnership to remain fruitful for many years to come.”

Betsoft Gaming has held a Class 4 license with the Malta Gaming Authority since 2014 and continues to be a market leader in the online gambling industry.   

 

 

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