Month: August 2021

Ball steps down from Kambi board

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 18th June 2018 | By contenteditor Kambi Group has confirmed that Susan Ball has resigned from her position on the firm’s board of directors Tags: Mobile Online Gambling Topics: People Strategy Ball steps down from Kambi boardcenter_img Subscribe to the iGaming newsletter Kambi Group has confirmed that Susan Ball has resigned from her position on the firm’s board of directors. Ball had been a director at Kambi since the company’s initial public offering (IPO) in June 2014, but has now left to pursue other business opportunities. According to Calvin Ayre, Ball became a director of Gambling.com in February of this year. A Kambi spokesperson said Ball’s last day was Friday and no decision has been made as to whether she will be replaced. The spokesperson also said her duties will be handed to another board member, but the firm is yet to decide who. Lars Stugemo, chairman of Kambi, added in a statement: “Sue has played an invaluable role on our board over the last four years. “Her judgment, financial acumen, sector experience and deep interest in the culture of our business have benefited our people and our shareholders. “Whilst we are sorry she can no longer serve on our board, we wish Sue all the best for her future endeavours.”Related article: Kambi nears sport betting deal with Sweden’s ATG People Email Addresslast_img read more

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Svenska Spel outlines tech overhaul ahead of re-regulation

first_img5th July 2018 | By contenteditor Subscribe to the iGaming newsletter Svenska Spel is pouring resources into technological enhancements and new content ahead of the Swedish market opening up at the start of next year.The company has this week announced the addition of Evolution Gaming’s Live Casino products from January 2019, as it bids to enhance its offering against the backdrop of the “fierce competition” of the re-regulated market. Svenska Spel told iGamingBusiness.com that it is “positive” about the opportunities it anticipates, including the addition of horse racing and iCasino products.Its new Svenska Spel Live Casino service will go live the moment Sweden’s new gambling law comes into effect on January 1. iGamingBusiness.com also understands it is also developing new lottery content that will be launched next year.“In parallel to technology investments and new content implementation we are investing a lot of time to further develop our digital experiences via customer friendly interfaces and personalised communication,” Fredrik Wastenson, managing director of Svenska Spel Sport & Casino, told iGamingBusiness.com.“We have invested a lot in our CRM system and can now see a clear potential in personalised customer experiences on our site as of January 1.”As well as allocating resources to improving its offering, Svenska Spel must also develop the infrastructure for two separate entities – one for number games and scratch tickets and one for sports and iCasino games. Its current customer platform will be divided into two different player account management environments and two separate customer databases.“This is enormous investment for Svenska Spel which will engage most of our available IT resources, but in parallel we will do our outmost to provide a lot of new games as of January 1,” Wastenson added.“This includes betting on horse racing and esports together with a very competitive and responsible offering of iCasino.”Licensing application documents are expected to be published on the Swedish Gambling Authority´s website on July 10. After July 24 the regulations and guidelines of the Lotteriinspektionen will be pre-published on the website. Under the terms of the Gambling Act, from January 1 the gambling market will be divided up into sectors: a competitive sector, primarily including online gambling and betting; a sector reserved for non-profit purposes, primarily including lotteries and bingo; and a sector reserved for the central government, primarily including state-owned casinos and gambling on token machines.Gambling subject to licensing will be taxed at 18%, while there will be “strict requirements for moderation in marketing gambling”. Topics: Legal & compliance Legal & compliance Email Address Svenska Spel is focusing on tech and new content ahead of the Swedish market opening up at the start of next year Tags: Online Gambling Regions: Europe Nordics Sweden AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Svenska Spel outlines tech overhaul ahead of re-regulationlast_img read more

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DraftKings looks nationwide after NJ mobile launch

first_img DraftKings has become the first operator to launch legal online and mobile sports betting in the US outside of Nevada Regions: US New Jersey Tech & innovation DraftKings looks nationwide after NJ mobile launch Subscribe to the iGaming newsletter DraftKings says it is ready to take its mobile betting platform across the US after becoming the first operator to launch legal online and mobile sports betting in New Jersey.The company, which began a soft launch last week, is now live with its Kambi-powered DraftKings Sportsbook through its partnership with Resorts Casino Hotel in Atlantic City.After beating the likes of MGM Resorts’ playMGM, William Hill and Paddy Power Betfair – which now owns FanDuel – in the first-to-market stakes, DraftKings said it is “prepared to act” in response to future legislative decisions in other states across the country. It cited its recent partnership with the del Lago Resort & Casino in New York state, which enables both partners to create a mobile and online sports wagering option should legislation allow, as an example of its preparations.“I am excited to begin this new chapter in our story by officially launching what I believe to be the most innovative, mobile sports betting product in the US,” said Jason Robins, CEO and co-founder of DraftKings.“We have put immense thought and significant resources behind the development of DraftKings Sportsbook and I’m confident that sports fans in New Jersey will enjoy using it to make the experience of watching the games even more interesting and thrilling.”DraftKings said the launch is the culmination of almost a year of preparation, with “countless engineering, design, research and development resources all geared towards creating the best and most enjoyable mobile sports betting product for US consumers”.Last week’s soft launch, agreed with New Jersey’s Division of Gaming Enforcement (DGE), saw the sportsbook initially accept a few dozen patrons which then grew to hundreds and thousands.Speaking about the platform, Kambi CEO Kristian Nylen told iGamingBusiness.com: “With DraftKings now up and running, we look forward to launching more of our customers into New Jersey shortly, before taking our sportsbook into additional states as they open up.”All eyes will be on the DGE’s monthly gambling audit for August, due to be released in the first half of September, when online sports betting figures will be published for the first time. Figures for July will be published on August 14.DraftKings’ rivals, such as William Hill, FanDuel, playMGM and The Stars Group’s BetStars, are all expected to be live with their online sportsbooks before the start of the NFL season on September 6. Tags: Mobile AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 7th August 2018 | By contenteditor Topics: Tech & innovation Email Addresslast_img read more

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FanDuel to open first sportsbook in Mississippi

first_img Subscribe to the iGaming newsletter Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Boyd’s IP Casino Resort and Spa will start taking wagers on Thursday Regions: US Mississippicenter_img Topics: Casino & games Sports betting Tech & innovation Paddy Power Betfair-owned FanDuel has confirmed that its sportsbook will start taking bets at Boyd Gaming’s IP Casino Resort and Spa in Biloxi, Mississippi, from tomorrow (Thursday).FanDuel has enjoyed a positive start to the post-PASPA market in the US, having been ranked as the top sportsbook in New Jersey during the debut month of legal sports betting in the state.The firm has since built on this by launching mobile sports betting in the state, joining DraftKings, Borgata, PlaySugarHouse and William Hill.FanDuel will now expand outside New Jersey and into Mississippi, which last month became the latest state to launch a regulated sports betting market after the Supreme Court ruling on PASPA.Churchill Downs Incorporated took the first sports bets under the new system, while Caesars, Pinnacle, Scientific Games and SBTech are also active in the state.FanDuel will open its sportsbook at 2pm local time tomorrow when former NFL American football star and Mississippi native Marcus Dupree will be invited to place the first wager on site at the casino.The launch forms part of a wider agreement between Paddy Power Betfair and Boyd Gaming that was announced last month.FanDuel has no immediate plans to offer mobile sports wagering in the state. The Sun Herald newspaper said that while Mississippi law permits the use of mobile apps at a casino, this has not yet been approved for any property in the state.Image: John Fleck FanDuel to open first sportsbook in Mississippi 12th September 2018 | By contenteditorlast_img read more

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Scout details ‘essential’ investment for US plans

first_img Tech firm raises additional SEK42m from institutional investors Scout details ‘essential’ investment for US plans Scout Gaming Group has said that an additional SEK42m (€4m/$4.6m) in capital from institutional investors will be “essential” to the company’s plans to expand its services into the US market. The technology firm specialises as a B2B supplier of fantasy sports and has been seeking to take advantage of increasing opportunities for growth in the US.  As part of this strategy, to gather funding, Scout opted to issue 900,000 new shares to institutional investors at a subscription price of SEK47 per share. Swedbank Robur, as well as existing shareholders in the form of Novobis AB, Knutsson Holding AB, Isoquant Holding AB, Naxs AB and Lars Wingefors AB subscribed for shares in the rights issue, allowing the firm to raise around SEK42m before issue costs. Speaking to iGamingBusiness.com about the move, Billy Degerfeldt (pictured), CFO and investor relations at Scout, said the firm will mainly use the funds to finance growth plans in the US, but also for exploring general expansion options. “[The investment] is essential for entering the US market,” he said. “We are experiencing a rapidly increased demand. It is basically because we are the leading global B2B supplier of fantasy sports. “So what happened is that people looked upon DraftKings and realised that the reason for their success was to build a database by using the legal option, fantasy sports, before NJ was regulated. “We are also experiencing interest among operators close to launching sports betting, realising that DFS is a natural part of the US betting market.”The investment move comes after Scout earlier this month also signed a new partnership with Metric Gaming as part of a joint growth effort in the US. The non-exclusive agreement states Metric and Scout will have reciprocal access to each other’s products and jointly develop new products, with the ambition of coalescing sports betting and fantasy sports games. The deal also states Metric will provide traditional sports betting products for Scout’s Betflex application.However, the firm may face challenges if it wishes to enter New York after a judge in Albany this week ruled daily fantasy sports are a form of gambling and should be illegal in the state.Scout is headquartered in Stockholm, Sweden, and also has operations in both Norway and Ukraine. The company is listed on Nasdaq First North, a division of Nasdaq Nordic. Email Address Regions: US Topics: Finance Sports betting Strategy DFS DFS Tags: Fantasy Sports AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter 30th October 2018 | By contenteditorlast_img read more

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Nolimit City targets gambling titans with new UK licence

first_img Email Address Regions: UK & Ireland Nolimit City targets gambling titans with new UK licence 6th December 2018 | By contenteditor Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Legal & compliance Online casino platform and games provider Nolimit City is targeting deals with the leading UK operators after securing a B2B licence from the UK Gambling Commission.The company’s licence allows it to offer its products to UK licensees, as well as rolling out its content with existing partners that are licensed in the country, such as MRG, Unibet, LeoVegas and Betsson. “The licence will help Nolimit grow into a more robust and regulated framework, allowing us to expand our client portfolio and engage some of the most well-established gambling powerhouse titans in the industry,” Nolimit director of commercial operations Malcolm Mizzi told iGamingBusiness.com.“The UK market is one of the most mature and respected in the industry, with iconic UK-facing operators already queuing up for our games,” he added. Mizzi explained that Nolimit’s innovative slot games would be a good fit for UK operators, noting a “strong appetite for more gaming innovation” among licensees.Nolimit is headquartered in Stockholm, but also has facilities in Malta and India, and plans to carve out market share in Sweden’s re-regulated iGaming market, which opens on January 1.Nolimit said it will be ready from day one to support customers in Sweden under the new regulatory framework, but warned “there is yet much more to be done”.“[We will] await further instructions from the higher ups, but whatever it takes, we will be there with our fantastic games,” it said. Casino & games Online casino company also sets out hopes for Swedish launch next month Tags: Online Gamblinglast_img read more

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Adams confirmed as new UK Sports Minister

first_img Nigel Adams MP has been appointed as the UK’s new Minister of State for Digital and Sport, within the Department for Digital, Culture, Media and Sport. Topics: Legal & compliance Lottery People Sports betting Adams confirmed as new UK Sports Minister 29th July 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Nigel Adams MP has been appointed as the UK’s new Minister of State for Digital and Sport, within the Department for Digital, Culture, Media and Sport.Adams, who has served as a Conservative MP since being elected for Selby and Ainsty in May 2010, is the latest departmental appointment in the wake of Boris Johnson taking over as Prime Minister last week.He replaces Mims Davies, who has shifted to a new role within the Department of Work and Pensions.Adams was previously a Parliamentary Under Secretary of State at the Ministry of Housing, Communities and Local Government, and also spent time as a Parliamentary Under Secretary for the Wales Office and an Assistant Whip.His other roles in Government include Whip for the Lord Commissioner of HM Treasury and Assistant Whip for the Treasury. In addition, between July 2015 and May 2017, Adams served as a member of the Culture, Media and Sport Committee.Morgan will now support Nicky Morgan MP, who was last week appointed as the new Secretary of State for DCMS. Morgan replaced Jeremy Wright MP in the role.The Department for Digital, Culture, Media and Sport is responsible for a range of sectors including gambling and racing, sport, and telecommunications, online and the National Lottery. Subscribe to the iGaming newsletter Tags: Online Gambling Regions: UK & Ireland Legal & compliance Email Addresslast_img read more

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A promising piece of the puzzle

first_img Topics: Legal & compliance Strategy Gamstop CEO Fiona Palmer talks to Joanne Christie about the self-exclusion system’s priorities now it has finally arrived at the point where it is compulsory for GB operators Email Address Gamstop CEO Fiona Palmer talks to Joanne Christie about the self-exclusion system’s priorities now it has finally arrived at the point where it is compulsory for GB operators It’s something of an understatement to say that GB self-exclusion system Gamstop has faced delays in getting to the point where it was ready for mandatory adoption by operators. Having pushed back its soft launch from 2017 to April 2018, it faced a barrage of criticism early the following year after a BBC investigation found flaws in its technology that meant excluded gamblers were able to cheat the system and keep betting.Then, just when speculation was rife that the Gambling Commission was about to finally greenlight the scheme and make it compulsory for all GB operators in September last year, the regulator instead said it needed further improvements.Finally, however, the Commission has given Gamstop its seal of approval, announcing in January that from 31 March all GB licensees will be required to sign up to the scheme.For Gamstop CEO Fiona Palmer the news was very welcome. “Over the last two years we’ve worked extremely hard to improve and develop the scheme. Our aim is to ensure that it is a trusted, secure, and independent service for our users.”Plenty of potential From a user perspective Gamstop has already proven very popular. To date, Palmer says 130,000 people have registered with the scheme. This is a fairly impressive number when set against the estimated total number of problem gamblers in Great Britain. According to research prepared by NatCen Social Research for the Gambling Commission in 2018, that number was about 340,000 in 2016.Encouragingly, Palmer says that thus far, most Gamstop users have selected the longest exclusion period available – five years – and that even among those choosing one of the lesser periods of six months or one year, removal rates are low.“The majority of people tend to go for the five years at the outset. I think people who make the decision to come to Gamstop want to stop gambling. It’s a big decision to make to come on and register and the feedback that we are receiving from our users is that it is a big relief.“Now we’ve hit the point where people who originally applied a six-month or one-year block have been able to remove it, I’d say we’re seeing about 10% return and remove the block. But we are also seeing people who have removed their self-exclusion then subsequently return again to Gamstop.”Given some in the gambling industry feel its image will only improve once there’s a quantifiable fall in problem gambling rates, the large number of sign-ups is a positive signal that things could be heading in the right direction.The take-up rate is likely to improve further as the scheme becomes more widely publicised and Palmer says raising awareness is going to be a key focus for the not-for-profit organisation this year.“We’ve spent the first couple of years making sure we get the underlying technology correct, and making sure that it works for operators. Now we’re focusing on raising awareness of the scheme to consumers who may need to register.”The awareness piece is likely to be more important in terms of raising numbers further than the GC making the scheme mandatory, as Palmer says most UK operators have already integrated with Gamstop.“For 20 months we’ve been operating as a voluntary service for operators, and we’ve had an overwhelmingly positive response from operators regarding integration and signing up. Since 2018 we’ve had the vast majority of operators already integrated on a voluntary basis.”However, she adds, “I do feel it’s sad that it takes enforcement to bring the last few operators on board.”Working together When it’s pointed out that mandatory action is sometimes the only way to bring about change in the igaming industry – or in fact any industry, as recent actions by banking and energy regulators in the UK would seem to indicate – Palmer agrees to a point but says she believes it is important that there’s a collaborative approach. “Change will only really be effective once all operators implement it and are on board. That’s a challenge, and I think that the role of the regulator is to make sure that all operators are on board.“However, I definitely think the collaborative approach – a coordinated approach – is needed and the work that the Betting and Gaming Council is doing with the safer gambling commitments is a great starting point.” She uses her own experience having worked on the industry side at both the Remote Gambling Association and Sky Betting and Gaming as an example of why it is vital that the industry is involved in setting regulation.“I think the industry has to be involved because they’ve got the experience,” she says. “For example, with Gamstop, from my previous role within the industry I had knowledge and experience as to how self-exclusion works from an operator perspective. Therefore, I knew what was feasible and realistic in terms of getting all operators to engage and to integrate with a service.”Indeed, it was largely a collaborative approach with the regulator that allowed Gamstop’s initial kinks to be ironed out.The issue identified by the BBC investigation, whereby self-excluded individuals could gamble simply by changing their details very slightly, was resolved largely by the Commission introducing new requirements with regard to the identity verification processes used by UK operators.“The changes that the Gambling Commission introduced on 7 May last year really did help because they meant that the operators had to verify the data that they were collecting from individuals prior to allowing them to gamble, which meant that the data sent was verified data,” says Palmer.“Coupled with that, we’ve been making enhancements to the service that we provide, and that includes the matching service, and we continue to make enhancements that look at ways of identifying the correct individuals and making sure that they are blocked from being able to gamble.”Marketing maelstrom One of the other criticisms – not necessarily of Gamstop but of the industry more widely – has been that individuals who have self-excluded will often continue to receive promotional materials from operators. Palmer says this is a problem that Gamstop users have repeatedly highlighted when asked for feedback. Though initially this was something she admits was difficult to tackle given the vast array of operators integrated with GamStop, changes being brought in from April should go a long way to resolving the issue. “We’ve introduced some new functionality for operators, which will mean that by 1 April we are mandating that all operators must check their entire customer base at least once every 24 hours, in addition to doing a real-time check every time an individual attempts to register or login to an account. “There will still be a small issue around acquisition marketing, which we are working with the industry and other groups to try and address.” Palmer says this feeds into one of the three challenges for the industry recently spoken about by Gambling Commission chief executive Neil McArthur. In an industry CEO briefing in October, McArthur expressed some frustration at the industry’s efforts with regard to advertising technology, and said it was an area where he felt standards should be raised. “Whilst I am not suggesting that children, young people or vulnerable adults are being actively targeted – [Gamble Aware] research found very little evidence of ad tech being used to proactively target ads away from them either,” he said. Early this year an even more worrying advertising trend became apparent – that some online casinos were targeting those searching for the term ‘Gamstop’ with paid Google ads. “It’s extremely frustrating,” says Palmer. “These are illegal sites who are advertising. So we have reached out to Google and we’re looking to work with them, and also with the industry, and the Betting and Gaming Council have been very supportive and vocal about this.” Palmer says GamStop is also working with a variety of other organisations to make sure Gamstop is integrated into the entire package of tools available to those at risk of gambling harm. “We are just one tool. We very much see ourselves as part of a triangle in a suite of tools available. So Gamstop covers excluding yourself and that way operators have visibility and can take action on their side. Blocking software enables people to block their devices, then using the financial transaction blocking tools that are available at many banks now is absolutely vital.“I think most important around all of that is wrapping it with easy access to treatment. We are working closely with treatment providers as we want to make sure that on the journey that if an individual wants access to treatment that we make it easy for them to find treatment straight away.”While Gamstop may be just one tool, it’s an important one given its compulsory nature and its finality – self-exclusion via the scheme is much less reversible for users than most of the computer or banking blocking tools currently available. Whether it can have a significant impact on the rate of problem gambling remains to be seen, but early indications certainly seem promising. Regions: UK & Ireland Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Legal & compliance Tags: Online Gambling 9th March 2020 | By Stephen Carter A promising piece of the puzzlelast_img read more

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Southampton FC invests in treatment app RecoverMe

first_img Regions: UK & Ireland Problem gambling Premier League football club Southampton has partnered with RecoverMe, a new mobile app intended to help gamblers manage problems, and will provide investment toward continued development of the app. Tags: Southampton FC RecoverMe 19th October 2020 | By Daniel O’Boyle “I am delighted to announce the club’s support for RecoverMe,” Thomas said. “The club takes its responsibility to promoting responsible gambling extremely seriously and it is important that we are proactive in exploring new opportunities to implement our commitment to this cause. Topics: Social responsibility Sports betting Tech & innovation Sponsorship Problem gambling Regtech The club said its investment in RecoverMe will go towards  adding further features and reducing its cost to users. Southampton  chief commercial officer David Thomas said RecoverMe was well-aligned with the club’s values towards responsible gambling. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img “We’re proud to support the launch of the RecoverMe app and I am excited by the chance to work with an organisation so closely aligned to our values.” The RecoverMe app was developed by three junior doctors in consultation with psychiatrists, psychologists and those currently struggling with gambling addiction. It uses cognitive behavioural therapy (CBT) to treat problems.  Email Address The app is intended to help make treatment more accessible and affordable for problem gamblers by providing a support option for players. It is designed to help users reflect on their gambling habits, challenge thought processes around gambling and access mindfulness sessions.  “We wholeheartedly believe RecoverMe will provide a lifeline to those suffering in silence,” RecoverMe co-founder Minal Jain said. “It has been incredible to see how motivated Southampton are in creating this meaningful change and we are extremely excited to be working with them to do this and we hope this is just the beginning.” Earlier this year, Southampton announced that it had partnered with Cryptocurrency-based betting operator Sportsbet.io as its main shirt sponsor for the 2020-21 season after the club said the operator “stepped in at short notice” with the one-year deal following a premature end to the operator’s previous sponsorship deal. Subscribe to the iGaming newsletter Southampton FC invests in treatment app RecoverMelast_img read more

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Cherry fails in appeal against limited Swedish licence

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regulation Subscribe to the iGaming newsletter 27th October 2020 | By Robert Fletcher The operator then challenged the decision, only for the Administrative Court of Linköping to dismiss its appeal, concluding Spelinspektionen was within its rights to limit the licence term. The Swedish Administrative Court of Appeal has rejected a challenge from Cherry against Spelinspektionen’s decision to limit a subsidiary’s operating licence to a two-year term. Some licence applicants in 2019 were only issued year-long permits, on the basis that the subsidiary companies through which operators filed their submissions were in negative equity. Following appeals by a number of operators, they had their licences extended from two to three years, with Spelinspektionen saying it would use the court’s decisions as a precedent for future licensing decisions. However, while the Administrative Court of Linköping ruled that the SEK9m (£787,296/€870,343/$1.0m) penalty issued to Mandalorian should remain, it said the licence should be extended to three years. Spelinspektionen this month also set out certain clarifications regarding its position on licence terms, setting out how licensees’ financial health can impact their permits in Sweden. The operator’s licence was shortened from five years to two after it was found to have offered bonuses to players on a number of occasions after they had signed to it platform. Topics: Legal & compliance Regulation Cherry then took its appeals to the Administrative Court of Appeal in Jönköping, but the Court again ruled in favour of the regulator. The failed appeal come after Paf-owned Mandalorian Technologies this week said it had successfully appealed against a sanction for breaching bonus regulations that saw its Swedish licence term shortened. Regions: Nordics Sweden Tags: Sweden Cherry The Swedish regulator last year granted Cherry’s Co Gaming subsidiary a two-year operating licence, covering its seven brands. Cherry fails in appeal against limited Swedish licence Email Addresslast_img read more

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