iGaming This Week: 2024 Week 39 - Weekend Edition
As we wrap up the week, we're excited to share the latest news and updates from the world of iGaming.
Notable Highlights includes:
And Much More!
Read on for our roundup of the latest news, updates, and analysis from the iGaming industry.
We've got you covered with the latest product releases, partnerships, regulatory changes, and revenue reports.
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New Products and Releases
EveryMatrix Unleashes LoyaltyEngine: Revolutionizing Player Engagement
EveryMatrix has launched LoyaltyEngine, a comprehensive gamification suite that enables operators to strengthen the bond between players and brands, boosting player engagement, retention, and lifetime value.
The platform allows operators to configure levels, set earning rules, and offer personalized rewards to incentivize players to climb the ranks and unlock exciting rewards. With real-time player behavior analytics and insights, operators can make data-driven decisions to optimize their loyalty strategies and improve player experiences.
Stake.com Launches Real Money Poker Games on Global Platform
Stake , an online casino and sportsbook licensed in Curacao, has launched a range of real money poker games on its global platform. The new product includes cash games and tournaments, as well as various welcome features such as bomb pots and fast-fold versions. The launch follows a period of beta-testing, with players in the US currently unable to participate in real money poker games but able to play social poker games for free at Stake.us
Embark on a Wild Adventure: MGA Games Launches Exciting New Videobingo Game
MGA Games has launched a new videobingo game called Wild Plains, which takes players on an exciting journey through the American Great Plains, featuring legendary animals and spectacular landscapes inspired by the Grand Canyon National Park.
The game includes four themed mini-games with great rewards and has a progressive and configurable jackpot with a maximum prize of €22,500. Wild Plains is available in all major online casinos across unregulated markets starting September 26th, 2024.
The Game Changers: Svenska Spel and Sports Associations Unite Against Match-Fixing
Svenska Spel , a betting company, has joined an initiative to combat match-fixing in sports, along with several sports associations and the National Sports Confederation.
The campaign aims to raise awareness about the importance of reporting match-fixing attempts and create a culture where individuals feel comfortable speaking out against it. The initiative includes a series of films and a reporting platform to make it easier for active players to report suspected match-fixing
BetBlocker Expands Global Reach with Portuguese Language Support"
BetBlocker , a gambling harm prevention charity, is launching a Portuguese version of its award-winning blocking software to expand its reach to over 200 million native Portuguese speakers worldwide.
The charity aims to remove language barriers and provide crucial support to millions of people impacted by gambling harms. The Portuguese version of the app will be launched at the SBC Summit in Lisbon, which has a dedicated Player Protection Zone that aligns with BetBlocker's mission.
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Partnerships and Collaborations
QTech Games Bolsters Portfolio with SmartSoft Gaming Partnership
QTech Games , a leading game distributor, has partnered with SmartSoft Gaming, a non-traditional specialist, to strengthen its offerings. The partnership adds more variety to QTech's portfolio, including SmartSoft's innovative games, such as slots, keno, roulette, and crash titles.
This deal will allow QTech's clients to access a new range of games, designed with immersive narratives and high-class gamification components, which will resonate strongly with customers around the world.
Betway and Incentive Games Launch Innovative Free-to-Play Football Game
Incentive Games , a leading B2B games provider, has partnered with Betway Group to launch a new Free-to-Play football game that allows players to collect bet builder-style bets during the week and win real cash prizes.
The game, which will be available in the UK and Ireland, will feature seamless integration and enhanced customer engagement, and will be designed with precision by Incentive Games' developers. The game will work by revealing fixtures for the upcoming weekend's matches, with players winning prizes if the revealed fixtures meet specific win conditions.
Partnership for Security: Atlaslive and CAF Unite to Enhance iGaming Experience
Atlaslive , a leading B2B software provider in the iGaming industry, has formed a strategic partnership with Caf , a global leader in identity verification solutions. The partnership aims to strengthen security and compliance in the iGaming sector by leveraging CAF's Bet ID technology, which offers advanced identity verification tools, continuous monitoring of user behavior, and digital identity management.
The collaboration aims to set new benchmarks for security and compliance in the iGaming sector while enhancing the overall player experience
Yggdrasil Expands Reach in Spain with SpeedyBet Launch, Brings Premium Slot Content to Local Players
Yggdrasil Gaming Ltd , a leading content provider in the iGaming industry, has partnered with Paf - Games Sport Casino Group to launch SpeedyBet in Spain, offering a portfolio of popular slot games, including Valley of the Gods 2.
The partnership aims to deliver engaging and high-quality slot content to Spanish customers, further solidifying SpeedyBet's standing in the region and strengthening Yggdrasil's presence in the market. With this collaboration, SpeedyBet is poised to become a leading operator in the Spanish market, offering a superior gaming experience to players.
Galaxsys Enters African Market with BetFounders Partnership
Galaxsys has partnered with BetFounders , a leading online casino brand in Africa, to expand its presence across the continent. The partnership aims to bring Galaxsys' innovative games to new audiences and leverage BetFounders' expertise and market reach to establish a strong foothold in established and emerging markets.
The collaboration is expected to strengthen Galaxsys' position in Africa and align with its long-term vision of expanding into high-potential markets worldwide.
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New Roles and Appointments
Merkur Group Enters New Era with Leadership Transition
Lars Felderhoff , 48, has been appointed as the new Chairman of the Management Board of the MERKUR GROUP , succeeding Paul Gauselmann. Felderhoff has been the CFO of the group since 2018 and has extensive experience in finance and organization, having started his career at the group's subsidiary Atronic in 2000.
As the new Chairman, he will be supported by Vice-Chairs Jürgen Stühmeyer and Manfred Stoffers, and will lead the company into a new era with Paul Gauselmann remaining involved as a member of the Gauselmann Family Foundation.
Evoke PLC Welcomes New Director Susan Standiford
Susan Standiford has been appointed as a non-executive director at evoke PLC, effective November. She brings over 30 years of experience in product development, technology, and management from her roles at global companies such as Oracle, Disney, and Travelocity.
Standiford will also join the company's Audit and Risk Committee, bringing her expertise in technology and risk management to strengthen the company's oversight in these critical areas.
EveryMatrix Appoints Kevin Furlong as Group Chief Product Officer
Kevin Furlong has been appointed as the Group Chief Product Officer at EveryMatrix , where he will be responsible for leading the company's product design, delivery, and output across all its business units.
With 20 years of experience in the industry, Furlong will work to improve the company's products and services, including CasinoEngine, OddsMatrix, and MoneyMatrix, to provide the best possible experience for its customers and partners. Furlong will report to Group CEO and co-founder Ebbe Groes and will be instrumental in developing an even better experience for all customers.
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Licenses and Regulations
Amusnet Gaming Secures 10-Year Critical Gaming Supply License
Amusnet Gaming has secured a 10-year Critical Gaming Supply License from the Malta Gaming Authority (MGA), valid until 2034. The license allows the company to provide gaming software and systems to businesses and individuals licensed by the MGA or other regulatory authorities.
The renewal underscores Amusnet Gaming's commitment to compliance, integrity, and innovation in the gaming sector, and enables the company to maintain and expand its gaming operations in the European market.
Galaxsys Secures UK Gaming Licence, Strengthening Presence in Regulated Markets
Galaxsys has secured a UK gaming licence, marking a significant milestone in its expansion into regulated markets and strengthening its presence in Western Europe.
The licence allows the company to offer its gaming portfolio, including popular titles like Cash Show and BlackJack, to UK operators. The move demonstrates Galaxsys' commitment to adhering to strict regulatory requirements and delivering secure, high-quality, and responsible gaming experiences.
Latvia Takes Bold Step to Combat Problem Gambling: Raising Legal Age Limit to 21
Latvia is raising its legal gambling age limit from 18 to 21 to combat the growing issue of problem gambling among its citizens.
The move is part of a larger effort to overhaul the country's gambling laws and ensure that the industry operates in a responsible and ethical manner. The new age limit will apply to all forms of gambling, and the Latvian Gaming Authority is also exploring other measures to prevent underage gambling.
The POGO Shutdown: A New Chapter for the Philippines' iGaming Industry
The Philippine government has formed a task force to oversee the shutdown of 41 licensed Philippine Offshore Gaming Operations (POGOs), following President Ferdinand Marcos Jr's ban on POGOs in July. The remaining POGO operators have pledged to disband and leave the country, and the government is working to help over 20,000 Filipino workers find new employment.
The shutdown is expected to be completed by the end of the year, with foreign workers required to leave the country or face involuntary repatriation by December 16, 2024.
Revenue Reports
Star Entertainment's Struggling Casino Business Sinks Deeper into Debt
Star Entertainment, a struggling casino group, reported a statutory loss of $1.69 billion for the 2023-24 financial year, with an EBITDA of $175 million, a 45% decline from the previous year.
The company's revenue declined by 10% due to lower patronage, mechanical issues at its Sydney casino, and increased costs, particularly legal and compliance-related expenses. Star's trading performance has worsened over the second half of the year and into the beginning of FY25, with an EBITDA loss of $6.6 million and $1.1 million in July and August respectively.
Mergers and Acquisitions
Signing Day Sports Buys Swifty Global to Enter Gaming Industry
Signing Day Sports has acquired Swifty Global , a financial and sports betting technology solutions provider, to expand into the wagering and casino market.
The deal will allow Signing Day Sports to enter the gambling industry, with Swifty's management team remaining in place. The acquisition is expected to create a "global sports technology platform" and will enable Swifty to achieve rapid growth.
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Market Analysis and Intelligence
Beyond Cura?ao: Exploring Alternative Jurisdictions for Online Gaming Operators
The European online gambling market is expected to experience significant growth, but Cura?ao's regulatory changes and legal challenges have made it a less attractive option for operators.
Operators who have traditionally opted for a Cura?ao license are now facing a more rigorous licensing and monitoring process. Some Cura?ao-licensed operators have faced lawsuits in European countries, with some being ordered to refund losses to players. The Cura?ao court has upheld these judgments, declaring the operators bankrupt.
However, Malta has taken a different approach, protecting its licensees from foreign court interference. Alternative jurisdictions such as Kahnawake, Anjouan, and Tobique are emerging as appealing options for operators. These jurisdictions offer protection against opportunistic lawsuits, flexible management, and stability and predictability.
Kahnawake is known for its stringent regulatory framework and legal resistance to litigation, while Anjouan and Tobique offer favorable conditions for online gambling operators, including the absence of a physical presence requirement. Operators looking for alternative jurisdictions should consider these factors when choosing a new licensing base.
That's all for this edition! We hope you found the updates informative and insightful.
Stay tuned for our next edition, where we'll continue to bring you the latest news and trends from iGaming Industry. Don't miss it!
Business Development Manager | PayCly Merchant Services. | Payment Solutions Expert |
1 个月Exciting innovations in iGaming this week! Let’s keep the momentum going! ??
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2 个月Thanks for sharing!