Month: August 2021

SportsHero builds on Indonesia launch with LaLiga partnership

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Marketing & affiliates Social gaming SportsHero builds on Indonesia launch with LaLiga partnership Tags: Mobile Becomes official sports app partner for Spanish football body 29th August 2018 | By contenteditor Subscribe to the iGaming newsletter Regions: Asia Europe Indonesia Southern Europe Spain Casino & games Sports prediction, gamification and marketing company SportsHero has agreed a partnership in Indonesia with LaLiga, the top division of Spanish club football. SportsHero, which recently launched into the Indonesian market, hailed the agreement as a “landmark transaction” for the company. It will initially serve as LaLiga’s official sports app partner for Indonesia across the 2018-19 season, which commenced earlier this month, with an option to extend the deal into the 2019-20 campaign. The partnership provides a host of prizes being made available for SportsHero users, including VIP tickets to watch LaLiga games in Spain with a private stadium tour, access to team training sessions, as well as a host of other branded and signed LaLiga merchandise. SportsHero will run monthly LaLiga competitions for users to win the LaLiga Hero of the Month and Golden Boot awards. LaLiga will also promote SportsHero on its official Facebook page geo-targeted to its 3.19 million active followers in Indonesia and via editorial on the LaLiga website. Additionally, SportsHero has secured full partnership support and rights to LaLiga’s intellectual property. SportsHero chief executive Tom Lapping said: “The deal is a major win for the millions of passionate football fans in Indonesia who can now get closer than ever to the on-field action and will enable the SportsHero business to quickly ramp up momentum just two months after we launched into the Indonesian market.”The agreement comes after LaLiga recently signed ManBetX as its official betting partner in Asia. The deal will run for three years, covering the 2018-19, 2019-20 and 2020-21 seasons. Commenting on the SportsHero deal, LaLiga head of global partnerships and marketing, Gregory Bolle, said: “Indonesia is a major focus for LaLiga as we continue to disrupt the way our fans connect with the game they love by using technology to drive engagement.” SportsHero allows fans to predict the right outcomes in sports games. Users with exceptional prediction skills can go on to become sports heroes and feature on the leader board function on the app. Users who predict the right outcomes in sports games can win coins to load-up their wallet and redeem at SportsHero’s e-store on merchandise, entertainment products and money-can’t buy experiences. Email Addresslast_img read more

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iGaming growth drives 4.2% increase in UK gaming yield

first_img5th December 2018 | By contenteditor Casino & games Online casino, sports betting and bingo yield now accounts for 37% of market total iGaming growth drives 4.2% increase in UK gaming yield Topics: Casino & games Finance Regions: UK & Ireland Tags: Online Gambling OTB and Betting Shops Email Address The UK online gaming industry has seen total gross gaming yield (GGY) for the 12 months ended March 31 climb to £5.3bn (€6bn/$6.8bn), with the sector now accounting for 37% of the market total.Total market yield rose 4.2% year-on-year to £14.4bn, according to the UK Gambling Commission’s figures, with a 12.8% increase from remote gaming, comprising betting, bingo and casino, offset by slower growth or decline in all other regulated verticals.Of the total £5.3bn online GGY, the vast majority was generated from casino and sports betting. Casino accounted for £2.9bn (54.6%) of the total, followed by betting, with a £2.1bn (38.7%) share. The remaining 6.6% came from bingo (£164.8m or 3.1%), exchange betting (£160.1m or 3%) and pool betting (£28.7m or 0.5%).Online casino GGY was comprised largely of slots, which generated £2bn (69.1%) of the total, followed by table games in a distant second place with yield of £311.1m.In sports betting, football accounted for £1bn of total yield, followed by £610m from betting on horse racing.Over the reporting period, active customer account numbers across all licensed operators grew 12.9% to 33.6m, with new account registrations up 14.4% to 35.4m. This looks set to grow further in the figures for the year ended September 30, 2018, which are due to be released in February 2019.The second largest single vertical was land-based betting, which saw GGY decline 4.1% to £3.3bn. The bulk of the total came from off-course betting facilities, which accounted for £3.1bn, followed by £146.5m from non-remote pool betting, and £25.8m from on-course wagering.However, GGY for off-course betting is likely to decline significantly from April 2019, as a result of maximum fixed odds betting terminal (FOBT) – or B2 machine – stakes being cut to £2. Gaming machines accounted for £1.8bn of shop GGY, with B2 machines generating 96.1% of this total.Over-the-counter wagering accounted for £1.3bn, or 42.1% of total non-remote betting GGY.Shop numbers declined 1.8% over the year to 8,406, with this number again expected to fall as a result of the FOBT stake cut. William Hill-branded shops account for 27.1% of all UK betting shops, followed by Ladbrokes premises at 22%. With a 19.6% share Betfred comes in third, followed by Gala Coral – like Ladbrokes, part of GVC Group – with 18.3% of all UK premises.The National Lottery was the UK’s third-largest source of GGY, posting a marginal rise to £3bn for the 12-month period. The lottery paid out £3.9bn in prizes, down 0.4% year-on-year, with its contribution to good causes rising 1.5% to £1.5bn.It was followed by bricks-and-mortar casinos, which saw GGY rise 2.4% to £1.2bn. There were 152 casinos throughout England, Scotland and Wales, with Rank Group and Genting UK dominating the market, operating 72% of all venues.American roulette was the most popular game, with a 34.7% share of GGY, followed by baccarat variant Punto Banco with a 24.9% share, then electronic gaming (17.4%).The remaining regulated verticals lagged far behind the four largest verticals. Land-based bingo reported a 0.2% increase in GGY to £688.3m, while lotteries, including online and land-based offerings, saw yield rise to 13.7% to £502.9m. The arcade sector was the only to post a decline in yield, which fell 0.9% to £418m.The regulator also published figures on social responsibility controls, which revealed that 1.4 million customers self-excluded from gambling during the reporting period. A total of 121,163 customers breached their self-exclusion by gambling in some form, while 78,005 opted to resume playing after their exclusion ended.Over the 12 months, 247,243 individuals unable to prove their age were challenged when trying to enter gambling premises, with the majority of these instances taking place in betting shops or arcades. Just 78 individuals were challenged when attempting to enter a casino.A further 88,971 individuals gambled without being able to verify their age. Online accounted for 72,033 of these incidents. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletterlast_img read more

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IG Group blames EU regulations for H1 revenue drop

first_img IG Group blames EU regulations for H1 revenue drop AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Tags: Binary Options and Forex Finance Regions: Europe Email Address Turnover has slumped by around 20% in EU markets following regulatory changes introduced in July this year Investment services provider IG Group has warned that regulatory headwinds have led to a revenue drop of around 6% year-on-year for the six months period ended November 30.IG Group, which on January 22 will publish its update for the first half of the financial year ending May 31, 2019, cited the introduction of European Securities and Markets Authority (ESMA) regulations for the fall.At the start of July, ESMA, the European Union securities regulator, renewed a ban on the sale of binary options to retail customers. A month later, fresh ESMA restrictions relating to the provision of contracts for difference (CFD) products to retail clients became effective.This led to IG Group posting a 5% fall in revenue to £128.9m (€146m/$171m) for the first quarter of its fiscal year, ending August 31.In a trading update issued today (December 4) to the London Stock Exchange, the company said that group revenue in the four-month period since all the measures came into force is expected to be around 10% lower than in the same period in the prior year.Underlying revenue in the four-month period from European Union markets is expected to be around 20% lower year-on-year, wiping out up a 9% increase in revenue from the group’s business in the Asia-Pacific region and other jurisdictions not covered by ESMA.The company added that around 70% of UK and EU revenue in the four-month period had been generated from professional clients. This is partly due to the increasing number of clients in the ESMA region who have elected to be classified as professional, while some 1,200 clients who previously contracted with a UK entity are now trading with an entity outside the ESMA region, IG Group said.The number of new over-the-counter clients who traded for the first time with IG Group in the first half of the year was 14,600 – down from 18,027 in H1 2017. This included a near-30% fall to 8,200 clients in the ESMA region, while the number of non-ESMA clients remained relatively flat.Following the announcement today, IG Group’s share price had dropped by more than 7% by 11.20am.Despite these challenges, and with June Felix (pictured) having been named as the new chief executive at the end of October, the group has insisted that it is making progress with its strategic initiatives.Notably, IG Europe, the group’s client-facing subsidiary in Germany, has received its licence from the country’s financial regulator, the Federal Financial Supervisory Authority (BaFin). This will guard against possible disruption caused by Brexit by ensuring the group is able to offer its products in all EU member states following the UK’s scheduled departure from the union on March 29.Additionally, the group’s US subsidiary has been approved as a member of the National Futures Association and is now registered to operate as a retail foreign exchange dealer.Felix, who had served as a non-executive director of the group since 2015 and has a background in payments and technology corporations, replaced Peter Hetherington, who stood down unexpectedly in September.In July, Hetherington said that IG Group was in a strong position to mitigate the impact of the regulatory changes after the company reported a 32% increase in operating profit on the back of record turnover in the 12 months through to the end of May 2018.However, it is understood that the group’s board had been keen to broaden the company’s focus beyond CFDs, which ultimately contributed towards the change at the helm. Subscribe to the iGaming newsletter 4th December 2018 | By contenteditorlast_img read more

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Betfair escapes ASA punishment over TV advert

first_img The UK’s Advertising Standards Agency (ASA) has ruled that a Betfair television advert did not breach its guidelines and the online gambling operator will not face any punishment. The ad aired in November last year, showing a man checking his mobile phone and walking down the street, before entering a ‘secret’ door into a room with a large screen that showed horse racing, filled with other people and complete with atmospheric music. A voice-over stated: “My gut says that horse is something special and my smarts say to back it on the Betfair Exchange where I get bigger returns than if I bet with one of these other bookies. That’s why I go to Betfair. Betfair, where gut instinct meets smarts.” A single complainant challenged whether the reference to ‘smarts’ in context of focusing on the excitement of betting by an aspirational figure was irresponsible because it exploited the susceptibilities of young men. Responding to the claim, Betfair said its aim was to showcase that it offers better value for money than other operators, with the background music and pace of the ad reflecting this intention. Betfair also noted no bets were placed during the ad, so there was no suggestion gambling took priority in the man’s life. Betfair denied the advert exploited the susceptibilities, aspirations, credulity, inexperience or lack of knowledge of under 18s or other vulnerable people. The operator said the main character was not an aspirational figure, and although he was dressed smartly, he had no obvious signs of wealth. Clearcast, a non-governmental organisation that pre-approves ads for British television, backed up this response, saying the reference to ‘smarts’ was only in relation to taking advantage of the good returns offered by the bookmaker. In addition, Clearcast said the voice-over took a “pragmatic and matter of fact approach”, instead of showing the man making a rash and irresponsible bet. Finally, Clearcast said that the man was portrayed as “one of many unremarkable people in a fantastical location designed to be a metaphor for the ‘community’ of customers using the app”, noting that he was not shown to be held in high regard by those around him. The ASA was satisfied with the response and opted not to uphold the complaint. In reference to the ‘secret’ door, the ASA said consumers would understand the scene as a representation of someone entering the Betfair community from the outside world. When the man was deciding to place a bet, with his gut saying that the horse is something special and his ‘smarts’ telling him to back it on the Betfair Exchange to get bigger returns, the ASA said he made a measured decision about where to bet, rather than believing his ‘smarts’ gave him a better chance of winning. However, the watchdog did take the man in the advert has being an aspirational figure, citing his confident demeanour throughout advert, which was exemplified when he was able to access the ‘secret’ door from the outside world, as well as his assertive nature with which he approached the screen in the room. Despite this, the ASA noted that because the reference to ‘smarts’ was made in the context of betting on the Betfair Exchange and how he came to this decision, it ruled that the ad did not breach its guidelines. As a result, Betfair will not face any punishment over the advert. The decision comes after the ASA and Committees of Advertising Practice (CAP) this month published a revised list of standards designed to protect children and young people. The new standards prohibit online gambling ads targeting individuals who are likely to be under 18, based on data about their online interests and browsing behaviour. Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 28th February 2019 | By contenteditor Tags: Mobile Online Gambling Topics: Legal & compliance Marketing & affiliates Sports betting The UK’s Advertising Standards Agency (ASA) has ruled that a Betfair television advert did not breach its guidelines and the online gambling operator will not face any punishment. Subscribe to the iGaming newsletter Betfair escapes ASA punishment over TV advert Regions: UK & Ireland Legal & compliancelast_img read more

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S&P downgrades Codere to ‘B-‘

first_img S&P downgrades Codere to ‘B-‘ 15th October 2019 | By Daniel O’Boyle Topics: Casino & games Finance Email Address Credit rating agency S&P Global has downgraded Codere from a ‘B’ to a ‘B-,’ a week after the company announced financial inconsistencies may reduce its full-year earnings by up to €20m (£17.9m/$22.0m). Credit rating agency S&P Global has downgraded Codere from a ‘B’ to a ‘B-,’ a week after the company announced financial inconsistencies may reduce its full-year earnings by up to €20m (£17.9m/$22.0m).The S&P rating system contains 10 points from AAA to D, of which six can be modified with a ‘+’ or ‘-’, denoting a high or low standing respectively within the category. The ‘B-’ rating therefore is the 16th-highest of 22 possible ratings a company may receive.The decision to downgrade the company comes a week after Codere announced that it would investigate financial inconsistencies among unnamed Latin American subsidiaries. The company stated that the subsidiaries may have overstated their reported results by between €13m and €18m, which would ultimately have an effect on its full-year earnings.Codere said the inconsistencies were an “isolated incident” that would not affect any other year’s financial results.In addition to the inconsistencies, devaluation of the Argentine Peso may have played a role in the downgrade. Argentina had been Codere’s largest market in 2018, but its revenue has fallen in the country owing to the decline in the value of the currency due to political instability.Codere initially reported a net loss of €8.5m for the first half of 2019, down 78% from last year. At the time the company said it was on track to meet its target EBITDA of €280m to €290m, but following the inconsistencies, this figure was revised down to €260m to €270m.“An obligation rated ‘B’ is more vulnerable to nonpayment than obligations rated ‘BB’, but the obligor currently has the capacity to meet its financial commitment on the obligation,” S&P’s definition of the ‘B’ rating states. “Adverse business, financial, or economic conditions will likely impair the obligor’s capacity or willingness to meet its financial commitment on the obligation.”The rating agency does not further elaborate on the conditions for a company’s standing to be low enough within the B grade to warrant a ‘B-’.center_img Subscribe to the iGaming newsletter Casino & games Tags: Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

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PointsBet partners with La Liga North America

first_img12th March 2020 | By Daniel O’Boyle Topics: Marketing & affiliates Sports betting La Liga, Spain’s top flight football competition, has appointed Australian operator PointsBet’s US subsidiary as the official betting partner of its LaLiga North America joint venture with sports media and events business Relevent Sports Group. Under the agreement, PointsBet gains access to LaLiga intellectual property for use in marketing campaigns, as well as working on initiatives to uphold sporting integrity. It will also add the PointsBet Prediction of the Week to LaLiga North America’s content portfolio, a weekly segment in English and Spanish that will be presented by Liverpool FC legend Luis Garcia, retired footballer Jimmy Conrad and National Womens Soccer League analyst Chelsea Cabarcas.PointsBet USA chief executive Johnny Aitken said the partnership would aid the operator’s efforts to build an audience among the US Spanish-speaking community.“We are thrilled to have been appointed as the first exclusive sportsbook partner of LaLiga in the US commencing ahead of the much anticipated El Gran Derbi later this month,” Aitken said. “As one of only a few operators to offer a Spanish-language website, this partnership complements PointsBet’s commitment to provide relevant multilingual content to the Spanish-speaking community.”Boris Gartner, chief executive of La Liga North America, said the partnership will bring La Liga closer to its growing American fanbase.“Soccer is growing at a very fast pace in the US and the role that La Liga plays in that growth is important for fans and brands in that region,” Gartner said. “”We are excited to grow with PointsBet in the market and enhance the fan experience by bringing LaLiga closer to the fervent audience that exists in the US.”The agreement is the latest in a series of league partnerships for PointsBet in the US. As well as the NFL and XFL, PointsBet partnered with the NBA in February.The LaLiga North America joint venture was struck to build the profile of the Spanish league across the US and Canada, through a range of promotional activities including events, marketing partnerships, youth academies and coaching, culminating in controversial plans to have LaLiga matches take place in the US. La Liga, Spain’s top flight of football, has appointed spread betting operator PointsBet USA as the Official Betting Partner of La Liga North America in an “exclusive multi-year agreement”. Regions: Europe US Nordics Sweden Marketing & affiliates Email Address Tags: Spread Betting PointsBet partners with La Liga North America Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

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Tabcorp cancels FY20 dividend amid Covid-19 disruption

first_imgCasino & games Email Address Regions: Oceania Australia 19th May 2020 | By contenteditor Tabcorp cancels FY20 dividend amid Covid-19 disruption Australian gambling operator Tabcorp has announced it will not pay a dividend in relation to its 2020 financial year as part of its response to mitigate the impact of the novel coronavirus (Covid-19) pandemic on the business. The decision comes as Tabcorp secured an agreement from its bank lenders under its Syndicated Facility Agreement (SFA), which represents facilities of A$2.2bn (£1.18bn/€1.32bn/US$1.44bn) for a waiver of leverage and interest cover covenants. As a condition of the arrangement, Tabcorp has agreed to not to pay a final dividend for its fiscal year ended 30 June, 2020. Meanwhile, Tabcorp said it is in advanced talks with its US private placement holders to obtain changes to existing covenants to provide additional flexibility and help accommodate the impact of coronavirus. The value of the US placement holders amounts to a fully hedged debt equivalent to A$2.1bn. “We welcome the support of our syndicate banks during this challenging period,” Tabcorp’s managing director and chef executive David Attenborough said. “The waivers complement recent actions we have taken to preserve our liquidity and mitigate the financial and earnings impacts of Covid-19.” As of 15 May, Tabcorp had A$820m of available liquidity in undrawn facilities and unrestricted cash, compared to A$749m of available liquidity at 3 April, when it issued its previous update in relation to coronavirus. At the time, Tabcorp announced a number of measures to lessen the impact of coronavirus, including furloughing more than 700 of its staff until 30 June. Full-time staff were also told to take at least one day of leave per week between 6 April and 30 June, while there was an initial cut of around 40% in the number of technology contractors employed by the business. In addition, Attenborough took a a 20% reduction in his fixed remuneration until 30 June, while all board chairman and non-executive director fees have been reduced by 10% until the end of June. “Tabcorp continues to work proactively and collaboratively with all our stakeholders to emerge from the Covid-19 period as strongly as possible,” Attenborough said.center_img Australian gambling operator Tabcorp has announced it will not pay a dividend in relation to its 2020 financial year as part of its response to mitigate the impact of the novel coronavirus (Covid-19) pandemic on the business. Subscribe to the iGaming newsletter Topics: Casino & games Finance Strategy AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

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Betcris becomes first LatAm member of IBIA

first_img Subscribe to the iGaming newsletter Betcris becomes first LatAm member of IBIA AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Latin American sportsbook operator Betcris has joined the International Betting Integrity Association (IBIA), becoming the first local operator in the region to become a member of the integrity watchdog. Legal & compliance Latin American sportsbook operator Betcris has joined the International Betting Integrity Association (IBIA), becoming the first local operator in the region to become a member of the integrity watchdog.This, IBIA said, would strengthen its monitoring and alert coverage for the region.The business, which is owned by parent company TV Global Enterprises, has been active in multiple markets since 2006, largely operating under a licence from the Malta Gaming Authority (MGA), but is primarily focused in Latin America.It has launched an online platform for the Ecuadorean national lottery, and was named sponsor of Brazil’s top football league, the Campeonato Brasileiro Série A, in March this year.In November 2019 the business also claimed to control 52% of Argentina’s igaming revenue. Betcris was among the applicants for an online gaming licence in Argentina’s capital province of Buenos Aires, though was not included in a widely circulated list of applicants apparently approved for a licence.It now becomes the second operator to join IBIA in 2020, after Belgium’s Napoleon Sports & Casino was named a member in January this year.“I’m delighted to welcome one of the leading sports betting brands in Latin America to IBIA,” IBIA chief executive Khalid Ali said. “Betcris is a major investor in sport with a number of sponsorship deals in place, including the Brasileiro Série A, and is well- placed to strengthen our monitoring coverage of existing and emerging markets in the region.“I hope that other LatAm operators will follow Betcris’ example and highlight their commitment to integrity by also joining the world’s largest operator-run sports betting association.”Betcris chief executive JD Duarte added that integrity had always been at the core of the operator’s “responsible and sustainable” business model, something that had become increasingly important when sporting events had been limited by novel coronavirus (Covid-19).“Being part of an integrity monitoring body is also increasingly becoming both a licensing requirement and business necessity as the Brazilian sports betting law and other recent legislative developments show,” Duarte continued. “IBIA is the global leader on integrity and Betcris looks forward to working with it to protect sports and our business from corruption.” Topics: Legal & compliance Sports betting Regions: LATAM Tags: Mobile Online Gambling 26th May 2020 | By contenteditorlast_img read more

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Player safety: from necessary evil to competitive edge

first_img22nd July 2020 | By Joanne Christie Tags: Online Gambling Subscribe to the iGaming newsletter Casino & games Email Address Responsible gambling has become a hot topic today, an essential item on every company’s agenda. But it hasn’t always been that way, says Kindred’s Maris Bonello.The issue has raised eyebrows for many reasons in recent times, especially as failings in this area have been a major reason for operators to lose financial income due to fines from  regulators.With every regulator keeping a watchful eye on responsible gambling practices, operators are now dedicating increasing resources to the area. But when I started in the industry just a little over 10 years ago, it was hard to even comprehend a career in this field.In 2009 I was doing my MSc in psychology and sporting at least four part-time jobs. A friend of mine suggested that I join Unibet (now Kindred Group) as a fraud analyst because I knew how to play poker. My intention was to stay there until I had paid for my studies and then work as a psychologist. So how come after more than a decade I am still at Kindred?In 2011, I approached the head of legal and compliance and mentioned that I wanted to try and minimise the harm that gambling could cause for some people. I pitched the idea of a system that could see if a customer was chasing losses or feeling anxious because of their gambling, with the idea of intervening as soon as possible to minimise harm. I had a whole presentation deck prepared, but I got approval after the first slide.More than a necessary evil I started challenging the status quo and the idea that responsible gambling was a necessary evil. I thought we should view it as a differentiator – responsible gambling is how we build relationships and commit to sustainable profit, by not making money from those who cannot afford it.At Kindred, the Player Safety Early Detection System (PS-EDS) was set up at a time when most operators did not even have an responsible gambling manager in place. Looking back, this system was the best thing we could have produced in preparation for the demands different regulators are making now for proactive systems.Initially, there was quite a lot of tension around the idea. It was difficult for customer service analysts to comprehend why the company would want to contact customers who were losing. With PS-EDS, we started by using indicators based on communication, for example, if a customer was increasing their communication with us, or being impatient/abusive, this could indicate psychological strain, so we were approaching the customer with responsible gambling information. The problem with this was that we were still reaching the customer at quite a late stage, where substantial harm might already have been done. After a few months, we started looking at those who were chasing losses, so when a customer was increasing their deposits trying to get back what they had lost. I sat down with the marketing teams to try and understand their ways of engaging with customers so we could work out how to increase our customer base, but do so in a healthy way.In 2014, while most operators were still getting to grips with reactive tools such as deposit limits, we started looking at how to engage with customers to reduce their gambling. We employed tactics such as calling customers to discuss their gambling, using questions such as, “are you still enjoying your gambling?” This came with challenges and there were concerns that gamblers were self-excluding and we were losing a lot of our customer base. But what we also saw was that customers were engaging in self-control through deposit limits and therefore not needing to take a long-term break. Although there were a few hurdles along the way, Kindred allowed me to continue to build and optimise PS-EDS and we now have a system that looks at more than 20 indicators, which are based on empirical research. During the past 10 years I’ve had the opportunity to work on research projects with renowned researchers. These included work on the effect of limits with professor Mark Griffiths of Nottingham Trent University and professor Michael Auer of the Carinthia University of Applied Sciences in Austria. I have also worked with Dr Adrian Parke of the University of the West of Scotland and Dr Jonathan Parke, director of Sophro, on a project looking at problematic play through grounded theory.This work inspired me to continue my studies and I am lucky enough to currently be a PhD student under the guidance of Mark Griffiths. I am not restrained at looking into only specific things in this PhD and I am currently looking into untapped areas that could contribute further in this domain.Not an easy ride But I cannot say it has been an easy ride. I started at a young age in an industry that is quite male dominated. Though I was encouraged to speak at conferences by Kindred, I have been told off by other operators, who said I should “let the grownups talk” when I spoke up about responsible gambling. Despite my voice sometimes shaking, I still spoke my mind about harm minimisation and the role the industry should take, even when other operators were giving me sceptical looks. I started collaborations with treatment centres and was humbled to listen to stories about reformed problem gamblers and what they had been through.I am happy to see that things have changed now. Responsible gambling has become such an important topic that I am increasingly invited to speak at a lot of conferences and am now applauded for my honesty.Interestingly, I have also noticed a change in that before when I was speaking about responsible gambling, I would get the late afternoon session, but nowadays it’s always a slot during the prime time of a conference. It’s also really good to see that regulators are not afraid to discuss such topics and are quite open to discussing issues with operators most of the time.Looking back, it hasn’t been easy but it’s great for me to see responsible gambling having moved from been seen as a necessary evil that is often overlooked to a generator of sustainable revenue and something that gives operators a competitive edge.Maris Bonello is head of responsible gaming and research at Kindred Responsible gambling has become a hot topic today, an essential item on every company’s agenda. But it hasn’t always been that way, says Kindred’s Maris Bonello. Player safety: from necessary evil to competitive edge Regions: Europe AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Legal & compliance People Sports bettinglast_img read more

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Acroud raises SEK75m to fund further M&A

first_imgMarketing & affiliates In addition, company’s board of directors has resolved to issue an additional 3m shares, to pay for the company’s latest acquisition, announced on 17 November. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 25th November 2020 | By Conor Mulheir Tags: Acroud AB The share issue will enable the company to act swiftly when attractive opportunities for acquisitions arise, Acroud said, strengthening its financial position. Subscribe to the iGaming newsletter Combined, the share issue and consideration share issue will see the number of shares in the company increase by around 38.3m, to 113.95m and share capital will increase by around €970,000, to €2.88m. Email Address The remaining proceeds will be used to repay bonds.center_img The company said it was preparing for M&A and international expansion in October, after revealing that it expected both its revenue and profit after tax to decline in the third quarter of 2020. This will form part of the payment for an as-yet unnamed sports betting company well positioned for entering markets in Latin America, Africa and Asia. iGaming affiliate business Acroud AB (formerly Net Gaming) has completed a directed share issue of some 35.3m new shares, raising proceeds of approximately SEK 90m (£7.91m/€8.87m/$10.54m). Acroud raises SEK75m to fund further M&A Acroud will receive gross proceeds amounting to approximately SEK75m through the share issue, with 15.5m shares allocated to the company’s two largest shareholders, Trottholmen AB and Strategic Investment AS. The subscription price of SEK2.55 per share corresponds to a discount of 15% compared to the closing price of Acroud’s shares on the Nasdaq First North Growth Market on 24 November. Topics: Marketing & affiliates Affiliates The subscription price of SEK2.55 per share corresponds to a discount of 15% compared to the closing price of Acroud’s shares on the Nasdaq First North Growth Market on 24 November.last_img read more

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