Hills pens sports betting deal with Ocean Resort Casino

first_img Topics: Casino & games Sports betting Tech & innovation 30th May 2018 | By contenteditor Hills pens sports betting deal with Ocean Resort Casino Email Address Casino & games William Hill has agreed to provide a sportsbook to the new Ocean Resort Casino in Atlantic City, New Jersey, in the US. Due to open on June 28, the land-based site will feature a 7,500sq ft sportsbook in the centre of its gaming floor. Visitors will be able to bet on a range of major sports such as American football, basketball, baseball, football, hockey and tennis. In addition, the agreement includes access to William Hill’s wagering technology, including its mobile and online sportsbook products. The deal comes after the US Supreme Court this month overturned the federal 1992 Professional and Amateur Sports Protection Act, which blocked states from legalising sports betting. New Jersey led the bid for the ban to be withdrawn and is widely expected to be among the first states to legalise sports Ocean Resort Casino wagering in the wake of the ruling. Hill’s partnership with the Ocean Resort Casino would only be effective if New Jersey passes legislation to regulate sports Ocean Resort Casino. Bruce Deifik, chairman of AC Ocean Walk, the company that owns Ocean Resort Casino, said: “Ocean Resort Casino is thrilled to partner with William Hill, the best name in sports betting, to establish a truly unique sports betting experience in the centre of our resort and in Atlantic City. “From real-time betting to exclusive hospitality for major events, the sports book will be second-to-none.” Joe Asher, chief executive of William Hill US, added: “We have had great success working with Ocean’s senior management in Las Vegas, and we are excited to have the chance to do so in Atlantic City at what will be the best sports book in town.”Related article: US sports betting ban overturnedcenter_img William Hill has agreed to provide a sportsbook to the new Ocean Resort Casino in Atlantic City, New Jersey, in the US Regions: US New Jersey AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletterlast_img read more

Svenska Spel tipped for success in regulated Swedish market

first_img Tags: Online Gambling Payments AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Svenska Spel tipped for success in regulated Swedish market Topics: Legal & compliance Marketing & affiliates Legal & compliance Email Address 28th February 2019 | By contenteditor Regions: Europe Nordics Sweden Subscribe to the iGaming newsletter The opening months of the Swedish online market were always destined to be tricky for the operators and suppliers to negotiate given the strictures imposed from the off by the country’s gambling regulators.Seemingly taking a leaf out of the UK Gambling Commission’s book on proactive regulation, the Swedish Gambling Authority (Spelinspektionen) has already sent warning letter to all licensees with regard to self-exclusion violations while the minister with responsibility for gambling has also warned on the tone and content of advertising.It all means that, as Kristoffer Lindström, analyst at Stockholm-based investment bank Redeye, put it in a note issued one month into the new era, the first quarter will be “bumpy” for any company with a high degree of exposure to Sweden.This isn’t just the licensees. Comments from some of the listed super-affiliates, which to differing degrees derive revenues from the Swedish market, suggest the regulated market is proving to be as tough as was expected.Raketech, for instance which Lindström estimates generates around 60% to 70% of revenues from Sweden, said it had put in place “robust new compliance criteria” and had discontinued partnerships with Swedish-facing unregulated entities.The company noted that the whole market was still in the stabilisation phase, but it noted that though traffic numbers were high, the average deposit level was lower and that average lifetime values were likely to be lower in the first quarter.Gaming Innovation Group, which also reported in early February and has both operational and affiliate interest in Sweden, said meanwhile that the market would likely follow a “similar pattern” to other newly-regulated territories with SEO set to be “more challenging” due to paid adverts being allowed at the top of Google’s rankings.Catena Media – which Redeye estimates has at most a 10% exposure to Sweden – said comparatively little about Sweden although it noted it would “only maintain contractual relations” with operators that were compliant in Sweden.One obvious show of faith in the long-term of the Swedish market came from Better Collective which in December bought the Swedish-facing sports-betting affiliate Ribacka in a deal worth up to €30m.Hjalmar Ahlberg, analyst at Stockholm-based investment research and advisory firm Kepler Cheuvreux, said that it was clear that most operators were positive on the long-term prospects for the market, even as in the short-term the market becomes a tougher one to negotiate in terms of regulations.“My impression is that all the larger established operators have already implemented much of the requested player protection and are also familiar with this from other regulated markets such as UK and Denmark,” he says.Noting the drop off in player values, Lindström suggests that there are three main factors behind the falling numbers. First, the self-exclusion scheme Spelpaus is “working.“So far 17,000-plus players have signed up for Spelpaus,” he notes. “The self-exclusion will obviously lead to smaller market so the effects during the first quarter will be direct.”
Second, they believe it will take time for the customers to understand fully the dynamics of the new deposit and withdrawal limits. Interestingly, they add that a lot of the customers are using the Pay N Play concept, with fast deposits and withdrawals, “which leads to a high deposit turnover.”“If the limit is hit the customers can choose to increase the limit, but there is a three-day delay before that change comes into effect. We believe the new deposit system will influence the player value during the first few quarters, but the impact will decrease over time as players get used to how it works.”Third, Lindström believes that going by Google search trends, Svenska Spel’s online casino debut is attracting “significant volumes”.“As Svenska Spel Casino Online now offers the same games as the other operators, it looks like at least some of the players chooses to play at the site, which obviously will hurt the customer intake and volumes for the other operators,” he says.“The state-owned operator has also been relatively aggressive with marketing campaigns during the first-month post regulation.”Finally, they add that the new bonus restrictions are also having an effect, making it harder for operators to drive engagement marketing. “Previously they could send out bonus offerings to players that had not played for a while; this is now gone. We find it likely that the customer’s engagement has decreased with fewer login sessions, which also drives down the player value.”It remains likely the top operators working previously in the grey market will maintain their market share, albeit on reduced margins. But Ahlberg suggests that alongside Svenska Spel claiming a share of the online casino market, some smaller operators might struggle.“Smaller companies which might have trouble adopting to tougher regulations and the cost for tax will lose out,” he says.None of which, Lindström suggests, is helping investors work out who will be the winners from the listed operators with an exposure in Sweden. “It’s evident that the current investor sentiment for the sector is low as the regulation creates uncertainty,” he says.Moreover, he doesn’t think the first quarter reports either that we have already seen or those upcoming will “help to calm down the investors,” although he does think that the new landscape will encourage even more M&A.“The long-term winners will be the ones who can handle the new conditions, create the best products and continue to innovate,” he adds. Swedish gaming regulator Spelinspektionen’s proactive approach to regulation means that any business with a high degree of exposure to the country’s newly regulated igaming market faces a tricky first quarter, writes Scott Longley.last_img read more

UK’s RGSB issues mixed report on 2016-19 RG strategy

first_img The Responsible Gambling Strategy Board (RGSB) has said that the 2016-19 National Responsible Gambling Strategy achieved a number of key milestones, but ultimately failed to make as much progress as hoped in tackling gambling-related harm in Great Britain.Since the strategy was published in April 2016, the RGSB said, progress had been made in having gambling recognised as a public health issue, while work was being done to better understand and measure gambling-related harms.The Board also highlighted a shift away from the notion that promoting responsible gambling was the main way of reducing such harms. More and more stakeholders were accepting that other factors such as product design and gambling environments, among others, played a key role.Furthermore, the RGBS added, the past year had seen some major developments, with Public Health England announcing plans to carry out a review of gambling-related harms. It also highlighted the fact that the National Health Service’s (NHS) 10-year plan committed to reducing gambling harms, and that the NHS and GambleAware were to establish a regional clinic in Leeds.“The overall verdict on the strategy must, however, be that, we have moved neither far enough nor fast enough,” the RGSB said. “We are still some way from a coherent national approach. We do not yet know enough about what works in harm prevention.“We have done too little to test new ideas and evaluate their impact,” it continued. “Treatment is not accessed by many of those who could benefit from it. Eventual outcomes for those that do are unclear. Recognition of gambling as a public health issue now needs to be followed up by effective action.”In particular, the RGSB said it had been particularly disappointed by progress towards developing a culture of evaluation. This had aimed to ensure all responsible gambling interventions were fully tested so that results could be published and shared across the industry.The Board said that over the three years, the industry had not moved closer to understanding what worked in terms of harm minimisation, with opportunities to evaluate interventions routinely missed. It said that the evaluations that were carried out did not focus enough on the impact on the end user, and that the Gambling Commission and Government did not properly evaluate the impact of regulatory action and legislative changes.It also noted that when it came to assessing the effects of product characteristics and environment on problem gambling, games developers were initially reluctant to acknowledge links between their games and the potential for harm.“This attitude is beginning to change,” the RGSB noted, however. “Some operators are now demonstrating a greater awareness of concerns about product design and have committed to take steps to understand the risks better.”The industry also failed to carry out a systematic review of the role of education in preventing gambling-related harm. The RGSB said it was “probably over-optimistic” about the time needed to develop a plan to improve the quality and capacity of treatment available to problem gamblers, another key priority action.Ultimately, the RGSB said that a lot had changed over the current three-year strategy, and that it had either been over-optimistic or had underestimated the need for detailed implementation plans in certain areas.“As a result, there have been some disappointments,” it said.“But there have also been some notable successes, especially the beginning of noticeable change in mindset about the need for action on gambling-related harms and the best ways of approaching it,” the RGSB added. “We believe therefore that a valuable opportunity has now opened up for the new strategy to make a significant step up in delivering the objective of reducing gambling harms.”It suggested that the future strategy, due to be launched later this month, would provide an opportunity to learn from the failings of the 2016-19 plan, and build on the successes of that period.This, it added, would be aided by the Gambling Commission taking direct responsibility for developing and implementing the new strategy, supported by the RGSB – under a new name and with a new chair. Bingo The Responsible Gambling Strategy Board (RGSB) has said that the 2016-19 National Responsible Gambling Strategy achieved a number of key milestones, but ultimately failed to make as much progress as hoped in tackling gambling-related harm in Great Britain. Regions: UK & Ireland 1st April 2019 | By contenteditor Subscribe to the iGaming newsletter Email Address UK’s RGSB issues mixed report on 2016-19 RG strategy Topics: Casino & games Legal & compliance Sports betting Strategy Bingo Poker Slots AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Card Rooms and Poker Mobile Online Gambling OTB and Betting Shops Slot Machines Spread Bettinglast_img read more

Danske Spil takes ownership of TivoliCasino.dk

first_imgCasino & games Danske Spil takes ownership of TivoliCasino.dk Topics: Casino & games Strategy Tech & innovation 9th May 2019 | By contenteditor Subscribe to the iGaming newsletter Danish gambling operator Danske Spil has agreed a deal to take ownership of Tivoli Casino’s online gaming business. Danske Spil will be able to use the TivoliCasino.dk brand as part of its business for the next 10 years. Danish gambling operator Danske Spil has brokered a deal to take ownership of Tivoli Casino’s online gaming business.Under the agreement, Danske Spil will be able to use the TivoliCasino.dk brand for the next 10 years. After this period, the two parties will evaluate the success of the venture and decide whether the arrangement should be extended.Tivoli’s online casino, named for the amusement park in central Copenhagen, has been operational in the Danish market since 2012 and Danske Spil will aim to build on its success by adding new games and features to the platform.Danske Spil has been offering various gambling services in its native Denmark for more than 70 years.“The partnership with Tivoli makes great sense for us; like Tivoli, we are a brand the Danes know, and like Tivoli, our goal is to entertain and delight the Danes in a good and responsible way,” Danske Spil’s CEO, Susanne Mørch Koch, said.“Our core competencies are games. We can use it to develop Tivoli Casino, and take it to the next level for the benefit of both players and our new partnership.”Tivoli director, Lars Liebst, added: “We are proud of what we have achieved with TivoliCasino.dk since we launched it in 2012. Now the project will have more air under the wings, and we look forward to the cooperation with Danske Spil, which can bring many, new commercial benefits.“It has been important for us to choose a business partner who fully meets our own values when it comes to gaming – including responsible gaming – and we have got that with Danish Games.”Financial terms of the deal were not disclosed.Image: Kanijoman Tags: Online Gambling Regions: Europe Nordics Denmark AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

Startup spotlight: The future of data collection

first_img SkillCorner believes that within five years, football data collection will be fully automated. Co-founder Charles Montmaneix explains how the Paris-based startup aims to capitalise on this development. Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter SkillCorner believes that within five years, football data collection will be fully automated. Co-founder Charles Montmaneix (pictured, left) explains how the Paris-based startup aims to capitalise on this development.What does SkillCorner do?
 SkillCorner collects football data automatically and in real-time from any television broadcast or professional stadium feed. We use computer vision techniques and artificial intelligence, more precisely deep learning algorithms to collect a large amount of data, in particular data that was previously unavailable, such as tracking data. We sell this data directly or through different products that we develop with it.How did you come up with the idea? It all started when my partner Hugo, learned that football data was collected manually. I met with him shortly after and we thought it could be fun to do something about it. Our passion for football, technology and innovation took us on this crazy adventure to revolutionise sports data collection.Do you see the product has being designed for betting, or do you feel it has a broader use?
 Our first product, a live football match visualisation, was designed for betting but it has been used by media too (in China, Spain, Norway, South America and Africa, among others). More recently we have been discussing with European football clubs how it could be deployed for fan engagement purposes.Our technology itself and all the data we collect from it has a lot of product applications.One example is helping football clubs making more data-driven decisions for player recruitment, using previously unavailable tracking data. This is what we do with a leading English Premier League club. And there are more exciting projects we are working on a the moment with various actors from different football-related industries, including betting. 

Which betting operators do you work with currently? How do you plan to build on these relationships? 
It was an English bookmaker, Sam Sadi, the CEO of sports at Gamesys, who recommended us and encouraged us to embark on this adventure of live betting animation. It made us realise we could become the best alternative to live streamings.Winamax was our first client and we have been working with them closely since we launched the first version of our product (Tristan Guiglini, head of sportsbook, and chief executive Alex Roos are our big fans and supporters since the very beginning). We can say that they helped us build the sexiest alternative to streaming, which will launch in August. In addition to Winamax, we are currently working on several proof of concepts with various operators across Europe.It is also worth to mention that even though they were not betting operators per se, some of our first clients for our visualisation product or our live raw data feeds were Chinese companies. Partnerships that will be extended for this new football season. We strongly believe we will keep on developing our business in this region (China and South-East Asia) for the upcoming football season.

On a side note – We must say that all those early adopters are the unsung heroes of the startup scene. They’re the ones who take a chance on the new guys and expose themselves to some risk, knowing that true innovation doesn’t happen without it. Like all start-ups, we have massive respect for those operators who are stepping up in the early days and say “We’re in!”. And we plan to build on from this trust by keeping on innovating to bring their customer’s experience to the next level with an unprecedented granularity of data. All in all, the feedback from operators regarding our product have been very positive so far. Not only it is considered as a true innovation compared to the current trackers on the market by revolutionising the user’s experience but it can also be a cost-effective solution compared to live streamings.We are also very excited about the results of early surveys and testings which seem to show that the new features we are launching this August will bring our product to the next level, and without a doubt upgrade it to the must-have category!Do you see sports betting as a way to prove the quality of the product before expanding it into other areas?
 Not really. By wanting to work for the sports betting industry, we didn’t choose the easiest path. It meant early on to focus on two crucial aspects: accuracy and speed. Even though this has raised interest from media or football clubs along the way, sports betting is in our DNA and we are here to stay.
Are you looking to work with – or replace – traditional data suppliers?
 We were part of Sportradar startup accelerator program last football season and we maintain a close relationship with them. We are also discussing the best ways to work with several other data suppliers. Since May, we have also benefitted from Microsoft’s support via a partnership that gives us visibility and relevant connections which have already a positive impact on the business side of things.Computer vision and artificial intelligence will definitely change the way data suppliers work in the next few years. Similar to other sectors, there will be less and less manual work and we believe there will be no one collecting sports data manually from the television broadcast within the next five years. The data suppliers not shifting early enough will lose a competitive advantage. Whether they work with us now or try to catch up on the heavy R&D we have behind us, is yet to be seen.
What sort of funding have you raised? We have recently closed a large funding deal with Business Angels and are also discussing with specialist VCs ways to further accelerate our growth and give us the means to achieve our ambition, which is to become a leader in sports data collection.

 How have you found the fundraising process? Has it been hard work or have you found that the quality of your product has attracted investors?
 To be frank, for our first round, we had little knowledge of what to expect. We went to see some of the largest VCs in France who were interested at first, as AI and Deep Tech makes everybody dream. But they didn’t know much about the betting industry and it was difficult to make them understand the particularities of this market and our true potential.That’s the reason why we started with Business Angels, people with a true passion for sports, successful entrepreneurs and experienced professionals from the finance sector. In the meantime, we focused on our R&D, our product roadmap and our business development. It is starting to pay off as it is now the VCs calling us. Dedicated, solid and reputable funds with whom we will be able to build a long-term relationship as we are aiming for a five-year horizon to achieve our goals. 
Do you have much interaction with other startups? How has this helped the development of SkillCorner?
 We do have many interactions with the startup scene in France, but not specifically with startups involved in sports and betting. Therefore we really like the opportunities created by Nilesh Mistry and Jonny Robb from Bettor Faster and their GamingStartup.Ventures network. They have been really helpful with tips and contacts since we met them about a year ago – it’s rare to see people helping and asking nothing in return.SkillCorner at a glance: Product: A live match visualization widget/tracker Founded: 2016 Founders: Hugo Bordigoni and Charles Montmaneix Launch date: 2018 for the World Cup in Russia (Europe, China) Sports: Football Website: SkillCorner.com Location: Paris Topics: Sports betting Tech & innovation Regions: Europe Western Europe France 14th August 2019 | By Robin Harrison Tags: Mobile Online Gambling OTB and Betting Shops Startup spotlight: The future of data collection Subscribe to the iGaming newsletter Email Addresslast_img read more

Responsible Gaming: Reaching the right players

first_img Responsible Gaming: Reaching the right players 23rd September 2019 | By Stephen Carter Tags: Online Gambling Subscribe to the iGaming newsletter Topics: Legal & compliance Legal & compliancecenter_img WrB’s free monthly webinar series kicked off with IGT, GVC and other stakeholders dissecting the state of play in responsible gambling solutions. Clarion Gaming’s Gabriela Martins da Silva rounds up proceedings for iGamingBusiness.com. WrB’s free monthly webinar series kicked off with IGT, GVC and other stakeholders dissecting the state of play in responsible gambling solutions. Clarion Gaming’s Gabriela Martins da Silva rounds up proceedings for iGamingBusiness.com. The year has seen more heavy fines and penalty packages issued to operators from multiple European regulators – to large and small brands – for responsible gambling (RG), source of funds and anti-money laundering (AML) failings. This year has also seen a number of documentaries highlighting gambling addiction and operator shortcomings in detecting and preventing these unfortunate incidences, most recently BBC1’s Panorama in August, go viral.In this environment, there is a clear need for discussion and training around responsible gambling to be both free and accessible to the industry.Following three successful years of WrB London, gathering gaming’s top executives and regulators for integrated discussion on best practise, Clarion Gaming now offers free training and regulatory advice looking specifically at how to mitigate gambling-related harm.Our free monthly webinar series kicked off on 24 July with industry stakeholders IGT, Threat Metrix, 1710 Gaming, GVC, Sustainable Interaction, GamRes and Onfido, our industry sponsor. Two episodes looked at game design and in-play monitoring, to be followed by two further two-part segments in the coming months.Looking at what can be implemented from the moment a customer signs up to prevent harm and increase customer education, Episode 1 took on the perspective of game designers and Episode 2 looked at the second step in the process, data collection and assessment of players.Some of the conclusions drawn – we provide four headline takeaways below – are to be expected. No RG debate is complete without highlighting the need for a standardised system of analysing players, greater collaboration between operators and discussion over where responsibility lies. This series, however, aims to highlight some solutions to the industry’s biggest obstacles to implementing RG measures.Takeaway 1: The responsibility we attribute to the game designer ends once the product goes B2C, but RG can be implemented from conception More research than ever before is being conducted in to game design from a psychological point of view – in recent years, game designers have been receiving more training on harmful game design from behavioural experts. Stefania Colombo, senior manager, CSR for IGT revealed the company was working “with expert Dr Jonathan Parke to provide training to designers on how we can minimise harm from design, and what we can leverage to lower risk”.Designers now also use analysis of how the brain reacts to stressful game situations, spin speed, so-called ‘fake’ wins, reality checks and more to show how different features are designed to aggravate customers, said Christina Thakor-Rankin, 1710 Gaming.Thakor-Rankin added: “It’s also incredibly difficult to know which features will be successful and which games specifically are going to be popular and in what markets – especially grey markets”.Ultimately, the question becomes this: are these specific mechanics ultimately necessary – and would their modification greatly affect the overall gameplay?Takeaway 2: The timeline of a player’s history required to identify risk level needs to shrink In order for responsible gambling measures to be effective, they need to be faster to identify harmful habits and suspicious financial activity. Paul Foster, speaking in his capacity as digital compliance and responsible gambling development director for Ladbrokes Coral owner GVC, told the audience that “previously, operators may have had to collect up to two years of data from a customer to be able to identify behavioural habits, changes, and markers of harm.”Richard Wood, owner at RG research consultancy GamRes, added: “this period of time should even shrink down to one weeks’ worth of recorded play needed to assess a customer’s habits”.Furthermore, we discussed what data must be collected and what can be omitted which could confuse your data – with a practical how-to from Richard’s intro to the Positive Play Scale.Takeaway 3: All players need to be evaluated, not just the ones showing problems According to GamRes’ Wood, who discussed his successful Positive Play Scale, sustainable play involves “only spending what is affordable to lose and sticking to personally allocated spend and time limits” and “recognition that gambling will always involve some degree of chance”.By evaluating positive as well as negative play, the wealth of data is far expanded, allowing operators to identify different habits in different games and jurisdictions, instead of only the small percentage of players who are being harmed.“Players can be at different levels of ‘responsible’ and smaller instances of harm can be avoided as well as full-blown addiction, contributing to overall safer gambling”, said Wood.Takeaway 4: Industry collaboration across operators has been achieved already on a small scale and can extend further All of our speakers discussed the migration of customers to alternate gambling sites and how to monitor and educate customers in different jurisdictions.Foster, now managing direcotr his own consultancy Crucial Compliance, stated that “the industry needs a central database of players that can be used to prevent migration to alternate and foreign gambling sites – and it can be done in compliance with GDPR”He added that organisations like Senet Group have already managed to achieve this on a smaller scale.Christofer Hagstedt, chief business development officer for technology-focused addiction treatment specialist Sustainable Interaction, concurred that “a single operator in a single market cannot be completely responsible on its own.”The fact remains, a single operator may not have the reach to make a positive impact on its own, but just one operator does have the reach to cause irreparable damage, making collaboration the key to the sustainability of the industry. Final thoughts From the webinar discussion, it is clear that far more can be done to monitor players from the time they sign up with a gambling site, and monitor their play from day 1 to prevent and spot cases of harm.The same tools can be used to re-assess the same players over time, including reanalysing old data, to help understand how industry strategies have lacked in this area in the past and what can be improved.However, 1710’s Thakor-Rankin neatly summarised a recurring theme in our discussions so far with the observation that “we can bring the horse to water but we cannot force it to drink”.Meaning that all the tools can be in place, but if they are not presented and executed effectively, some customers will continue to overlook them –  and it’s exactly this type of customer that operators that must be able to reach. Gabriela Martin da Silva is a production executive at Clarion Gaming with responsibility for the WrB webinar series in partnership with iGB. The next edition of the free WrB webinar series on Categorizing different kinds of interaction is taking place 25 September. You can register here AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

Multifly! by Yggdrasil

first_img Did you know that there are slot machines in the jungle? In our brand new game Multifly, chameleons have their eyes set on tasty fireflies – the more they eat, the more you win! Did you know that there are slot machines in the jungle? In our brand new game Multifly, chameleons have their eyes set on tasty fireflies – the more they eat, the more you win!You can play a demo of this slot here! AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Multifly! by Yggdrasil Topics: Casino & games Slots Casino & gamescenter_img Subscribe to the iGaming newsletter Companies: Yggdrasil 23rd March 2020 | By Aaron Noy Email Addresslast_img

Gauselmann halts production and sales amid Covid-19 outbreak

first_img German gaming giant the Gauselmann Group has shut down all production and sales activities across its business due to the global novel coronavirus (Covid-19) pandemic.Gauselmann has closed all 700 of its gaming establishments across Germany, in line with government-ordered measures now in force in the country.The group said that the German shutdown has also had an impact on is Lübbecke facility, which it announced earlier this month would become the headquarters for global sales.However, Gauselmann also said that its development departments around the world would remain intact in order to continue work on products for the future, albeit on a part-time basis while the outbreak continues.In addition, Gauselmann said it intends to use its financial reserves to support the business throughout the pandemic, but did not disclose how long activities would be impacted, due to differing Covid-19 measures in regions worldwide.“As a family business, we are happy that our employees stand by us not only in the past, but also in the future, and I am sure that once this crisis is overcome, there will be an even better future for all of us,” Gauselmann Group founder and chief executive Paul Gauselmann said.The update comes after Gauselmann earlier this month announced that it had acquired what it described as a “significant majority stake” in igaming platform provider Bede Gaming.Terms of the deal were not disclosed, but Gauselmann said that the agreement would further enhance its digital offering, and leave it well positioned to take advantage of the re-regulation of the German online gaming market from 2021. Tags: OTB and Betting Shops AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Gauselmann halts production and sales amid Covid-19 outbreak Subscribe to the iGaming newsletter 25th March 2020 | By contenteditorcenter_img German gaming giant the Gauselmann Group has shut down all production and sales activities across its business due to the global novel coronavirus (Covid-19) pandemic. Topics: Casino & games Strategy Casino & games Email Addresslast_img read more

Federal court sides with OK tribes in compact dispute

first_img The US District Court for Western Oklahoma has ruled in favour of tribal operators in the state, determining that Oklahoma’s tribal gaming compacts automatically renewed on 1 January of this year. Subscribe to the iGaming newsletter Email Address Topics: Casino & games Tribal gaming Casino & games Regions: US Oklahomacenter_img 29th July 2020 | By Daniel O’Boyle AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The US District Court for Western Oklahoma has ruled in favour of tribal operators in the state, determining that Oklahoma’s tribal gaming compacts automatically renewed on 1 January of this year.US District Court Judge Timothy DeGiusti sided with tribes including the Cherokee, Chickasaw and Choctaw Nations who sued Governor Kevin Stitt. They argued that the compacts did not end when the 15-year compact came to a close but rather automatically renewed for a further 15 years.Stitt, on the other hand, claimed that the compacts came to an end, and would have to be renegotiated.DeGiusi agreed with the tribes’ interpretation of the contracts, that they allowed for automatic renewal if other non-tribal organisations were authorised to offer electronic gaming other than on-course pari-mutuel wagering.Read more on iGB North America Federal court sides with OK tribes in compact disputelast_img read more

The state of the AI revolution

first_imgMontik says: “ML technologies are growing very fast. Three years ago doing what we do now was unbelievable, but it is now possible due to the significant increase of GPU processing speed and the massive amount of data that is available for machine learning and deep learning algorithms to feed on. We believe there is no visible limit – the fun has just begun!” This may only be the tip of the iceberg, however, as Montik continues: “Although much has been done in the last years, there’s still a great potential for growth and improvement.  “As an online gamer, you will be entering an online casino tailored specifically for you, with the design, sounds and content completely meeting your expectations. Amplified by VR, such games will take over the whole igaming world.” “An area where a lot of progress has been made is in design and UX. The world of games has become much closer to reality due to breakthrough AI technologies and smart ML modelling. For example, it’s really hard to recognise the artificial nature of rendered shadows, clouds, or water, which amplifies the presence effect.” Montik echoes this, saying: “The progress made in terms of responsible gambling is immense. AI helps analyse user’s actions and detect potential problematic behaviour.  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Tech & innovation Online casino Artificial intelligence Artificial intelligence Applying AI Tags: Artificial Intelligence SoftSwiss He continues, highlighting security and AML as major focus areas for the development of AI applications: “It is extremely important to know how to recognise unscrupulous players and prevent their fraudulent actions.  Email Address In addition to personalisation and automated customer care assistants, which have become fairly widespread applications throughout the industry, Montik says SoftSwiss have improved casino management by launching customised bonuses and smart free spins.  Montik is a passionate supporter of democratic rights and freedom of speech, collaborating with the OSCE mission at the 2004 and 2008 parliamentary elections and the 2006 presidential elections in Belarus. He became one of the founders of the European Center for the Freedom of Press in Leipzig and signed the European Charter on the Freedom of Press adopted on May 25, 2009, in Hamburg. Ivan Montik is the founder of SoftSwiss, BGaming, and Merkeleon. Since 2009, he has been running a number of projects in IT, fintech and igaming. Montik also founded CoinsPaid and Cryptoprocessing.com, crypto payment processing solutions for e-commerce, PSP, igaming, and streaming.  He begins: “It’s been over 20 years since the world chess master Garry Kasparov lost to the computer. Since then, there has been no doubt that a computer can be a serious partner in games. “There have been several cases of players making major wins on casino games by applying different probability programs or just using AI bots themselves. When it’s all happening online, it’s hard to track.” As the technology moves from hype to reality, how does AI fit in the gaming ecosystem? Ivan Montik discusses its potential… “The system also recognises fake documents which a player might submit at the registration or for cash out, and blocks any further activities.” The scope of change “Several years ago we created our own Research and Development department to focus on implementing AI, machine learning and data analysis in our online casino platform. The team is working in different directions to cover all major aspects of AI in online gaming. So, with so much on-the-ground innovation already happening, what comes next for AI? The results have been strong, says Montik: “All of that increased the lifetime value of a player by 7 – 10%, so figures speak for themselves.” “It’s a work in progress,” he continues, “but certain features are already in production and enjoyed by both operators and players.” Companies: SoftSwiss To counter this challenge, SoftSwiss developed its own anti-fraud system using machine learning: “It analyses player’s behaviour in real-time and if any suspicious actions are detected, immediately reports to the operator.  From personalisation to automated assistants and anti-fraud, machine learning has come on leaps and bounds in recent years, catching the attention of forward-thinking software and platform providers the world over. One such company would be SoftSwiss, a gambling software developer that offers a complete igaming solution. We spoke with Ivan Montik, SoftSwiss to learn more about the state of play for AI in igaming. Subscribe to the iGaming newsletter “In this case, the online casino operator can be notified and the user account will be suspended. It’s a real benefit for players with gambling addiction as they can get real-time help.” The state of the AI revolution Beyond the aforementioned anti-fraud system, Montik details other exciting AI applications in SoftSwiss’ portfolio. “From the whole scope of possible AI penetration in all spheres of online gaming, only about 30% has been covered so far. Many software providers still ignore the benefits that machine learning can bring to online casinos and are not implementing AI either for UX personalisation or for anti-fraud systems. In five years, they won’t be able to stand up to the competition.” The conversation around AI, slowly but surely, is shifting from being theoretical to practical through many different use cases. Additionally, he adds, SoftSwiss have created a lifetime value prediction feature, which analyses the player’s behaviour and predicts the situation in which the player might decide to leave the casino. In this case, the system makes corresponding changes to motivate the player to stay a little longer.  Regions: Europe Once AI development is in full swing, Montik sees an entirely different landscape for both igaming and land-based casinos: “Casinos will be fully powered by AI with minimal engagement of the operator’s employees.  Another area of great significance to the rollout of AI is responsible for gambling. While many share concerns about the negative impact AI may have on consumer protection as a result of increased personalisation and retention, the technology can be applied for the greater good. 15th March 2021 | By Josephine Watsonlast_img read more