Delaware betting market enjoys strong November

first_img Delaware betting market enjoys strong November 18th December 2018 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter State’s regulated sports betting market posts second-highest revenue total since opening, while iGaming sector struggles Finance Topics: Finance Delaware’s legal sports betting market has enjoyed one of its strongest months of the year to date, while the state’s online casino and poker market has continued to struggle in November.Net proceeds raised from sports betting for the month ended November 25 soared 151% month-on-month, aided by an 11% increase in handle to $16.4m. After player winnings of $15.1m and vendor fees of $160,711, the state generated revenue of $1.1m from the vertical.The vast majority of revenue was generated through Delaware Park, with the venue’s revenue of $805,285 accounting for 72% of the total. Delaware Park also accounted for the bulk of wagers, generating 217,7666 (64%) of the 338,965 placed over the month.For the year to date, Delaware has generated $6.8m from sports betting since the first bets were placed on June 24, with players staking $70.9m, and winning $63.2m.The state’s iGaming market, however, struggled in the calendar month of November. Total revenue was almost unchanged from the previous year – $209,235 in 2018 compared to $209,476 in November 2017 – though this represented an 8% month-on-month drop.The majority of revenue was generated via video lottery products, which accounted for $123,005 of the total, followed by $68,336 from table games and just $17,894 from online poker rake and tournament fees.Dover Downs generated revenue of $90,880, making it the largest single contributor of the state’s three licensed iGaming entities. Harrington Raceway, which has tended to fail to match its rivals, moved into second place with revenue of $66,516. Delaware Park endured a difficult month, with revenue down 54% year-on-year to $51,838.November saw 495 players register for iGaming accounts, up from the previous month, and more than double the 237 registrations in November 2017. Email Addresslast_img read more

Betinvest claims industry first with esports betting iFrame

first_img Email Address Tags: Online Gambling Video Gaming Casino & games 5th March 2019 | By contenteditor Topics: Casino & games Esports Sports betting Video gaming Subscribe to the iGaming newsletter Sports betting solutions provider Betinvest has rolled out what it says is the first customisable sportsbook iframe technology, designed specifically for the esports market.Clients can use the iframe, a box which sits within a website and pulls through content from another source, to instantly add a betting feature to esports sites. Companies will be able to customise the look and feel of the iframe to reflect their own branding, as well as use marketing features to develop promotional campaigns and drive betting activity. It also incorporates a range of security controls, to keep customers’ data safe while betting. Valentyn Kyrylenko (pictured), vice-president of business development at Betinvest, has said that the new solution has been designed to make integrating a sportsbook seamless.“With its sportsbook management function it gives operators the opportunity to use a variety of different tools, such as creating business reports, teasers and promotions, as well as being able to see the turnover for both betting and other activities,” Kyrylenko explained. “I think that the sportsbook iframe has the potential to be one of the most profitable products in gaming. It makes the process of starting a sportsbook business very simple.Key to this, he said, was the fact that those using the iframe only needed to handle customer management, with Betinvest handling all operational, technological and trading-related elements. “This technology is very promising for the whole gaming industry as it gives us the opportunity to help expand businesses even faster across the world,” he added. Betinvest claims industry first with esports betting iFrame Companies: Betinvest AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sports betting solutions provider Betinvest has rolled out what it says is the first customisable sportsbook iFrame technology, designed specifically for the esports market.last_img read more

Scout to launch fantasy sports in Africa with Betway

first_img Tags: Fantasy Sports AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Africa 22nd October 2019 | By contenteditor DFS Scout to launch fantasy sports in Africa with Betway Nasdaq Stockholm-listed Scout Gaming has brokered a new deal with Betway to launch its fantasy sports product with the online gambling operator in African gaming markets.Betway and its partners will now gain access to Scout’s full product portfolio and roll out fantasy sports services in the coming weeks.Further terms of the agreement were not disclosed, but Scout said that the deal could be expanded to other markets, with Africa being the initial focus for the partnership. Betway is currently active in markets such as South Africa, Uganda, Kenya, Nigeria, Zambia and Ghana.“We are proud that Betway’s African licensee partner selected us as their fantasy sports partner; they have quickly become market leaders in the region and we are looking forward to support them as they expand,” Scout’s chief executive Andreas Ternstrom said.Scout said that while the new deal is not expected to have a material impact on revenue for 2019, it has the potential to have a significant effect on revenue in future years, depending on the speed of roll-out in the region.Last month, Scout also brokered a deal to launch a daily fantasy sports platform with a leading media partner later this year under the terms of a new framework agreement with Eurovision Sport.Scout entered a deal with the division of the European Broadcasting Union, the alliance of public service media groups that has 116 member organisations in 56 countries and operates over 2,000 television, radio and online channels and services.The agreement stipulated that Scout will provide platform licences to Eurovision Sport, its partners and EBU Members.Image: Max Pixel Nasdaq Stockholm-listed Scout Gaming has brokered a new deal with Betway to launch its fantasy sports product with the online gambling operator in African gaming markets. Subscribe to the iGaming newsletter Topics: Sports betting Tech & innovation DFS Email Addresslast_img read more

Sweden to introduce SEK5,000 weekly deposit limit

first_img Sweden’s Minister for Health and Social Affairs Ardalan Shekarabi has proposed a SEK5,000 (£401/€459/$495) mandatory weekly deposit limit and a SEK100 cap on bonus offers from 1 June until the end of 2020 as the country battles the novel coronavirus (Covid-19).Shekarabi also said mandatory limits on playing time will be introduced, while the government is also looking into return-to-player (RTP) restrictions.The restrictions will also apply to video lottery terminals (VLTs), with the country’s relatively relaxed restrictions on social activity during the virus meaning that some land-based gaming facilities remain still open.Gustaf Hoffstedt, secretary general of Sweden’s online gambling trade association Branschföreningen för Onlinespel, told iGB that the measures were likely to lead to more players moving to the unlicensed market.“I am very concerned over the fact that this will accelerate the leakage from the Swedish licensing system to unlicensed sites,” Hoffstedt said. “We already have a problematic level of approximately 25% leakage when it comes to online casino, and with these governmental measures it will only get worse.”The proposal will undergo a referral process, which ends on 7 May and will allow stakeholders to provide input, before coming into effect. However, Hoffstedt said the referral process is expected to be very short and that changes to regulations during such a process tend to be unlikely.In addition, Sweden’s gaming authority (Spelinspektionen) will produce monthly reports until 1 September on recent developments, enforcement measures against unlicensed gambling sites and measures taken to strengthen consumer protection.Spelinspektionen will also be tasked with expanding national self-exclusion register Spelpaus to the land-based market as well as online.“Now there will be an even clearer focus on gaming responsibility and the fight against illegal gambling. We will make immediate adjustments to the organization in order to meet the new demands placed on the Authority,” Spelinspektionen director general Camilla Rosenberg said.The Swedish market has been characterised by a particularly strict approach to enforcing regulations opening its regulated igaming market 1 January, 2019.In July 2019, for example, after a series of fines for Swedish operators for apparently offering odds on sporting events featuring a majority of participants under the age of 18, BOS requested an urgent meeting with Spelinspektionen for greater clarity on regulations. The regulator, however, said that operators were simply “unaccustomed” to its regulatory approach.BOS later attacked the regulator’s approach to tackling illegal activity in the market, claiming that its strict approach to enforcement of regulations on licensed operators was not being matched by efforts to stamp out unlicensed gambling.In February, Spelinspektionen put forward an amendment to the country’s gaming rules that would see operators prohibited from offering odds on rule violations, such as a yellow card in football or a fault in tennis.This drew criticism from BOS and the IBIA, while H2 Gambling Capital pointed out that the Spelinspektionen-licensed commercial online betting channelling rate could fall as low as 70% (an 11% reduction).Elsewhere in Europe, Latvia has banned all online gambling while it remains in a state of emergency because of the virus, after the country’s regulator gained legal clarification on an intially ambigious bill.Portugal’s Parliament, meanwhile, passed a bill earlier this month demanding that the government takes some sort of action to restrict online gambling during the pandemic. 23rd April 2020 | By Daniel O’Boyle AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Legal & compliance Marketing & affiliates Subscribe to the iGaming newsletter Regions: Europe Nordics Sweden Sweden’s Minister for Health and Social Affairs Ardalan Shekarabi has proposed a SEK5,000 (£401/€459/$495) mandatory weekly deposit limit and a SEK100 bonus limit from 1 June until the end of 2020 as the country battles the novel coronavirus (Covid-19). Tags: Online Gambling Sweden to introduce SEK5,000 weekly deposit limit Legal & compliance Email Addresslast_img read more

Optimove iGaming Pulse – June 2020

first_img Optimove iGaming Pulse – June 2020 Casino & games 7th July 2020 | By Joanne Christie Email Address In June the key metrics returned to pre-Covid-19 levels, which is good news for the industry. Now is an ideal time for operators to implement best practice-based methodologies to reap the benefits of their new and existing players In June the key metrics returned to pre-Covid-19 levels, which is good news for the industry. But rather than simply celebrate things getting back to normal, now is an ideal time to implement best practice-based methodologies to reap the benefits of your new and existing players.One way of doing this is by sending out cross-selling offers to players with single product preferences. This will increase the likelihood of players becoming and remaining active.Sports KPIsAverage deposit amount The average deposit amount decreased slightly by 3% month-on-month, but increased by 13% year-on-year, to €35 per player.Though we haven’t have any major sporting events such as the World Cup or the Euros this year, sports betting numbers were still higher than last year.Monthly deposits Monthly deposits for sports bettors were almost the same as they were in May, increasing by 1% month-on-month and 11% year-on-year in June.Monthly revenue per player The average revenue per active player during June decreased by 2% month-on-month but increased by 17% year-on-year to €95 per player.All of the above KPIs support the fact that numbers were higher last month than during the same month last year. This could be due to the pandemic, as some players are still social distancing or going out less, which allows more time to play online.Retention rates After a sharp decrease in retention rates in April, there’s been an upward trend evident since May. Last month the retention rate for sports bettors increased by 10% month-on-month and by 18% year-on-year.Conversion rates Conversion rates increased by 7% month-on-month and by 26% year-on-year in June.Now that most major sporting events have returned, it could be a good time to cross-sell your players into casino games. We wrote recently about campaign ideas on how to cross-sell successfully.Casino KPIsAverage deposit amount The average deposit amount remained the same for casino players both month-on-month and year-on-year, sticking at €33.Monthly deposit per player The average number of monthly deposits per player during June decreased by 2% month-on-month but increased by 7% year-on-year to  9.2 deposits per player.Retention rates Last month saw an increase in retention rates, which rose by 2% month-on-month and 14% year-on-year.Conversion rates Conversion rates increased last month, by a relatively modest 3% month-on-month but by a massive 37% year-on-year.Mobile bettors ratio As we mentioned in last month’s report, there has been an increase in mobile bettors since last year as more gaming operators are offering casino games that are available to play on the go.Though we did see a small decrease of 3% month-on-month in June, there was a significant 33% year-on-year increase to 57%. That means that more than half of all casino players now play on mobile devices.We might have expected to see a decrease in mobile bettors since the beginning of the pandemic as players at home have access to desktop games. However, it’s clear they still prefer playing on mobile.For this reason, it might be worthwhile trying to cross-sell players from web to mobile, as mobile games usually generate higher revenue.About iGaming Pulse:iGaming Pulse is an industry benchmark tool for the gaming sector. iGaming Pulse enables gaming operators to accurately assess their overall performance against industry-wide key performance indicators.Its figures are updated on a monthly basis. It enables gaming operators to gain a clearer understanding of how their KPIs compare against the rest of the industry, broken down by geography and game type. This type of data, which is made publicly available for the first time, provides operators with the ability to conduct comparative analysis and derive insight into how their performance compares with industry averages.iGaming Pulse comprises of data collected from over 200 online casinos and sports betting companies, including industry giants and boutique operators, providing an accurate, statistically significant sample of the industry. Access to this information is vital for operators that are limited to only their own data. Optimove’s iGaming Pulse is now fully accessible, ensuring operators will have a clearer overview of how they compare to the industry.Image by Tumisu from Pixabay Topics: Casino & games Marketing & affiliates Sports betting Regions: Europe Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Mobile Online Gamblinglast_img read more

Boyd begins laying off furloughed employees

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 14th July 2020 | By contenteditor Casino operator Boyd Gaming has taken the “extremely difficult decision” to lay off staff members still on furlough, having warned in May that disruption caused by novel coronavirus (Covid-19) could force it to significantly cut headcount.In May, at a time when the casino sector was shuttered as a result of Covid-19, the operator informed workers that between 25% and 60% of staff could lose their jobs, with layoffs likely to take place between 1 and 14 July.The layoffs are at the lower end of the scale suggested in May, Boyd told iGB. This comes after the business placed the majority of staff on furlough in April, which it described at the time as a “last resort”.Boyd explained that while it had been able to reopen most of its properties since May, the business was still facing “significant restrictions”, and visitation remained “well below pre-pandemic levels”.“Given these ongoing challenges and continued uncertainty, we are moving forward with permanent layoffs of team members who were still on furlough and had not been recalled to work,” a spokesperson for the operator told iGB.Read the full story on iGB North America. Topics: Casino & games People Boyd begins laying off furloughed employees Subscribe to the iGaming newslettercenter_img Casino operator Boyd Gaming has taken the “extremely difficult decision” to lay off staff members still on furlough, having warned in May that disruption caused by novel coronavirus (Covid-19) could force it to significantly cut headcount. Regions: US Casino & games Email Addresslast_img read more

AGA study highlights confusion over legal betting in US

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The American Gaming Association (AGA) has pledged to strengthen its education efforts after new research found that over half of consumers who wagered with unlicensed operators in the US did not know they had gambled illegally.Conducted by market research consultancy Heart + Mind Strategies on behalf of the AGA, the study ran from December 2019 to January 2020 and included 3,451 interviews with American adults aged 21 and over.While 74% of respondents said it was important to only bet with legal providers, 52% admitted to gambling with illegal operators in 2019.However, some 55% of players that bet via these unlicensed sites were unaware that these sites were in fact illegal.Other key findings from the study suggested that the expansion of regulation across the US was cannibalising offshore handle and revenue.Read the full story on iGB North America. Topics: Legal & compliance Regions: US Subscribe to the iGaming newsletter Tags: Online Gambling Email Address The American Gaming Association (AGA) has pledged to strengthen its education efforts after new research found that over half of consumers who wagered with unlicensed operators in the US did not know they had gambled illegally. 21st July 2020 | By contenteditor AGA study highlights confusion over legal betting in US Legal & compliancelast_img read more

Gambling Commission suspends charity lottery operator Capen’s licence

first_imgRegulation Gambling Commission suspends charity lottery operator Capen’s licence “The review follows concerns that activities may have been carried out contrary to the Gambling Act, not in accordance with a condition of their licence and that the licensee may be unsuitable to carry on the licensed activities,” the regulator explained. Tags: Gambling Commission It was founded by Simon Rydings, who serves as its chief executive, and it specialises in raffle-type draws with smaller prizes. According to the marketing messaging for The Little Lottery, 23% of funds from this brand go to good causes. Genesis Global and Matchbook later had their suspensions lifted. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: UK & Ireland Topics: Legal & compliance Lottery Compliance Licensing Regulation Online lotterycenter_img The British Gambling Commission has suspended the operating and software licences of charitable lottery operator Capen conducts a review into the business. Email Address Capen – which operates The Little Lottery, The Sports Lotto and Zaffo, as well as the defunct Lottery For Kids – received its operating licence in 2014 and obtained a software licence in 2017.  The Commission has suspended a number of other licences this year, including igaming operator Stakers, as well as betting exchange Matchbook, online gaming operator Genesis Global and lottery betting operator Multi-Media Entertainment Ltd. 8th December 2020 | By Daniel O’Boyle Subscribe to the iGaming newsletter The review is undertaken under section 116 of the Gambling Act, which states the Commission may carry out such an investigation if it has reason to believe an operator is breaking conditions of its licence.last_img read more

Scientific Games promotes Johnson to senior EMEA role

first_img Scientific Games has announced the appointment of Simon Johnson as its new senior vice president and managing director for the EMEA region. More recently, Johnson has led the UK arm’s response to the novel coronavirus (Covid-19) pandemic. Tags: Scientific Games Simon Johnson Email Address The appointment comes after Scientific Games this week named Jim Bombassei as senior vice president of investor relations, in a dual role that also covers its free-to-play gaming subsidiary SciPlay Corporation. Scientific Games promotes Johnson to senior EMEA role Prior to his time with Scientific Games, Johnson worked across a range of businesses and industries, having started out in investment banking. In his new role, Johnson will oversee sales and operating activities in the EMEA, with the overall aim of pursuing growth opportunities and ensuring best in class practices for the region. 29th January 2021 | By Robert Fletchercenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Topics: People People moves People moves Regions: Europe North Africa & Middle East Johnson has been with Scientific Games for four years, initially serving as its UK commercial director, focusing on sales, product management, marketing and business intelligence. Johnson also held leadership roles in private equity, telecommunications, and financial technology businesses, where he gained significant experience leading sales and operational teams.last_img read more

West Indies to host Bangladesh in Florida

first_imgCricketLatest Sports NewsSports BusinessNewsSport WTC Final Day 3 Stumps: India remove Conway and Latham but Kiwis on top; NZ 101/2 (49 ovs) trail by 116 runs WI vs SA 2nd Test Day 3 Live: South Africa in huge trouble; SA 63/6 (24 ov)- Follow Live Updates WTC Final LIVE: Devon Conway continues red-hot form, slams fifty to provide New Zealand dream start By Kunal Dhyani – May 17, 2018 Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore Cricket WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video BCCI Apex Council Meet: BCCI to bid for 3 major global events in next tournament cycle starting from 2024; Check YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredDefinitionWhat ‘Harry Potter’ Characters Were Actually Supposed To Look LikeDefinition|SponsoredSponsored RELATED ARTICLESMORE FROM AUTHOR WTC Final LIVE: Jamieson says, ‘nice and pleasing to get Virat Kohli’s wicket’; Gill feels India could have got more wickets Share on Facebook Tweet on Twitter Latest Sports News Cricket PSL 2021 Eliminator 1 PES vs KAR LIVE: best way to watch Peshawar Zalmi vs Karachi Kings Live Streaming in your country, India, Follow Live update Previous articleFemale contribute 40% to total IPL viewership: ReportNext articleSri Lanka Cricket announces record $ 14 mn profit Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Cricket West Indies to host Bangladesh in Florida Cricket Cricket PSL 2021 Qualifier 1 ISL vs MUL LIVE: best way to watch Islamabad United vs Multan Sultans Live Streaming in your country, India, Follow… Cricket West Indies has announced that the team will return to the United States later this year to face Bangladesh in two T20 Internationals, as part of ongoing efforts to build the ‘Windies’ brand in the Americas.Reigning World T20 champions the West Indies will face Bangladesh under the lights at the Central Broward Regional Park (CBRP) in Fort Lauderdale, as part of the latter’s tour of the Caribbean. The games will be played on August 4-5. Cricket TAGSBangladesh Tour of West IndiesCentral Broward Regional ParkICCKensington Oval SHARE Cricket Facebook Twitter Euro 2020- Switzerland beat Turkey 3-1: Shaqiri’s brace keep Switzerland hopes alive; Turkey face exit from Euros by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMicrosoftBring your desktop to life with Bing WallpaperMicrosoftPhotoStickHow To Back Up All Your Old Photos In SecondsPhotoStickE! OnlineTLC’s So Freaking Cheap Takes Penny-Pinching to the ExtremeE! OnlineThe West Indies have previously played four T20s at the CBRP – the last two against India two years ago – and have won three, with the other ending in a no-result, due to bad weather. With up to 10 million Caribbean immigrants and members of the Caribbean diaspora living in the United States alone, CWI chief executive Johnny Grave said the matches present an opportunity to further establish the Windies brand in North America.“This is one of the initiatives outlined in our new Strategic Plan for the period 2018 to 2023,” Grave said.“Our intention is to work with ICC (International Cricket Council) Americas members, USA Cricket and Cricket Canada in partnership to establish cricket as a popular sport from North to South America, create opportunities for West Indian fans to watch the team live, and build support for the Windies.“Through this initiative, it will support our strategic objectives to increase the number of people who watch and follow Windies cricket, and help unlock the full potential of the Windies outside of the Caribbean.”FIRST DAY-NIGHT TEST IN CARIBBEANCWI has also confirmed that Kensington Oval in Barbados will stage the Caribbean’s first day-night Test against Sri Lanka from June 23-27. Grave added: “We have successfully staged day/night, first-class matches over the last few seasons in the Regional 4-Day Tournament and we are thrilled to now be hosting the first day/night Test ever in the Caribbean, as a way to offer our fans a different experience and a chance to be part of the game.“It could not have been played in a better venue than the iconic Kensington Oval and it will be an extra special occasion, as the match starts on the 90th anniversary of the first ever Test in the Caribbean which was also played there.” Football Cricket last_img read more