iGaming This Week: 2024 Week 45 - Wednesday Edition
Welcome to the latest installment of iGaming This Week!
This Wednesday's edition features exciting product launches, including CreedRoomz's interactive Aurum Roulette Game Show and Games Global's innovative gaming portfolio designed to engage a diverse player base.
In partnerships, VBET's collaboration with Mindway AI emphasizes player safety in the Netherlands, while Betbazar teams up with GR8 Tech to enhance sportsbook offerings.
Among regulatory news, DraftKings faces a class action lawsuit in New York over misleading promotional terms, and Finland moves toward liberalizing its gambling market with a new regulatory framework.
Stay informed on these developments and more in the iGaming industry as we continue to provide you with essential insights.
Enjoy your reading!
NEW PRODUCTS & RELEASES
CreedRoomz Launches Engaging Aurum Roulette Game Show for Players
CreedRoomz has unveiled its Aurum Roulette Game Show, blending classic roulette with an interactive game show format that's engaging for players worldwide. This new offering features enhanced Aurum Multiplier Mechanics, allowing for a dynamic gameplay experience that appeals to both high-risk and conservative players alike.
With a user-friendly interface on mobile and desktop, CreedRoomz aims to boost player engagement and retention while driving success for their partners.
Games Global Unveils Diverse Innovative Gaming Portfolio
Games Global has launched its Innovative Products Portfolio, which features a wide range of new gaming experiences beyond traditional slots, including table games, instant bingo, and crash games. The portfolio aims to cater to diverse player preferences with unique gameplay and exciting rewards, enhancing engagement for a broader audience. With this launch, Games Global continues to establish itself as a leader in the iGaming industry by expanding its offerings and adapting to the evolving demands of players.
Abios Launches Innovative Ebasketball Betting Suite to Engage Fans
Abios has introduced a comprehensive ebasketball product suite featuring odds feeds, statistics, and real-time streaming, enhancing content offerings for operators targeting basketball enthusiasts.
This move follows the company's successful esoccer odds feed and is backed by a partnership with BETER, utilizing its ESportsBattle tournaments to provide over 3,000 monthly events. By delivering automated odds, data analytics, and continuous content, the platform aims to attract and retain fans in a growing esports market, making it a valuable addition to sportsbooks' offerings.
Enhanced Bet Acceptance with Altenar's New Algorithm
Altenar has unveiled a new bet acceptance algorithm that significantly increases the acceptance rates for live bets in its sportsbook, addressing a common issue faced by online gaming users.
This innovative logic allows players to place bets at original odds despite minor fluctuations, enhancing user experience and potential revenue for operators. Customizable by the operators, the algorithm empowers brands to adapt betting strategies, ensuring a more reliable and enjoyable live betting experience for customers.
PARTNERSHIPS & COLLABORATIONS
VBET Enhances Player Safety with Mindway AI Partnership in the Netherlands
VBET has announced a strategic partnership with Mindway AI to implement their AI-driven responsible gaming solutions in the Dutch market, focusing on player protection and well-being.
The collaboration will integrate Mindway AI's GameScanner technology to proactively identify at-risk players and provide appropriate interventions, enhancing VBET's commitment to responsible gaming. This initiative reflects VBET's intention to meet compliance needs and set higher standards for player safety in the increasingly regulated gaming industry.
Betbazar Partners with GR8 Tech to Enhance Sportsbook Offerings
Betbazar has announced a partnership with GR8 Tech to expand its B2B igaming marketplace by offering a comprehensive range of advanced sportsbook solutions. This collaboration includes access to GR8 Tech’s innovative sportsbook platform, managed trading services, and a critical data feed that provides real-time odds and statistics on a wide variety of events, significantly enhancing the user experience.
By integrating these offerings, both companies aim to boost revenue streams for operators, solidifying Betbazar’s position as a leading destination for igaming needs.
Betcoin.ag Expands Gaming Portfolio with Bitblox Crypto Prediction Games
Bitblox has partnered with Betcoin.ag to introduce innovative Bitcoin-based price prediction games like Up or Down? and its Turbo variant, allowing players to guess Bitcoin price movements in short time frames.
These non-RNG games combine skill and chance, attracting both seasoned bettors and newcomers to cryptocurrency trading. The collaboration aims to broaden the range of crypto-centric betting options available on Betcoin.ag, with plans for additional game releases in the future.
NEW ROLES AND APPOINTMENTS
Tekkorp Capital Appoints Conor O'Donovan as Africa Partner to Drive Investment Opportunities
Tekkorp Capital has appointed Conor O'Donovan as its new Africa Partner, leveraging his extensive experience in the betting industry to enhance the company's presence in the rapidly growing African market.
In this role, O'Donovan will identify and oversee new investment opportunities while building an advisory team to navigate the complexities of the region. CEO Robin Chhabra emphasized that this move is a strategic extension of Tekkorp's continued focus on investing in promising segments and territories within the gaming industry.
LICENSES & REGULATIONS
DraftKings Faces Class Action Lawsuit in NY Over Misleading $1K Deposit Bonus
A new class action lawsuit filed in New York accuses DraftKings of misleading customers regarding its $1,000 Deposit Bonus, claiming that the promotional terms were buried in fine print and made it nearly impossible for average sports bettors to fully claim the bonus.
The plaintiff, Nerye Aminov, seeks compensation for lost funds due to the alleged deceptive advertising practices and aims to prevent DraftKings from using similar tactics in the future. The lawsuit highlights concerns about transparency in promotional offers, particularly regarding the significant deposit and betting requirements needed to qualify for the bonus.
Booming Games Achieves Certification to Enter Brazil's iGaming Market
Booming Games has secured certification to operate in Brazil, complying with local gambling regulations and reinforcing its presence in the Latin American gaming market.
This milestone allows the company to provide its popular gaming titles to licensed operators, enhancing the gaming experience for Brazilian players. The Chief Commercial Officer expressed excitement about this expansion, emphasizing the company's commitment to delivering high-quality gaming entertainment globally.
Legal Challenge by Former GVC Leaders Against UK Gambling Commission
Kenny Alexander and Lee Feldman, former executives of GVC Holdings, have initiated legal action against the UK Gambling Commission (UKGC) for alleged misuse of private information.
Their claims come amid previous tensions stemming from Alexander's unsuccessful bid to acquire a stake in 888 Holdings, which prompted a UKGC investigation linked to a bribery case involving GVC's former Turkish subsidiary. The legal case, backed by London law firm Slateford, underscores ongoing challenges faced by the duo and their past management decisions at GVC.
Banks Urged to Take Proactive Role in Addressing Gambling-Related Harms
A new policy paper by the Money and Mental Health Policy Institute recommends that British banks and financial institutions take a proactive role in identifying and intervening in gambling-related harms, leveraging their unique visibility into customers' spending habits.
The report highlights significant gaps in support for individuals facing gambling issues and calls for banks to engage with at-risk customers, offer tailored interventions, and guide them towards available resources. It emphasizes the need for a cultural shift in how gambling-related problems are perceived, advocating for collective responsibility among financial services, government, and society to create safer environments for consumers.
Finland Moves Toward Gambling Market Liberalization with New Regulatory Framework
Finland has submitted a proposed regulatory framework to the European Commission to transition from a monopoly-based gambling system to a competitive market, marking a significant shift in its gambling policies.
The proposed changes include a licensing system for multiple operators, enhanced consumer protection measures, and a new taxation structure aimed at benefiting the state while promoting responsible gambling. Key milestones in the reform process will occur in the coming years, with expectations for the open market to launch by January 2026.
REVENUE REPORTS
Lottomatica Achieves All-Time High Market Share in Italy's Online Gaming Sector
Lottomatica recorded a 29.9% share of Italy's online market in Q3 2024, marking a 1.7% increase from the previous year. The company also reported impressive shares in specific segments, reaching 31.5% in sports betting and 29.7% in iGaming, following its acquisition of SKS365 for €639 million.
CEO Guglielmo Angelozzi noted significant growth and successful integration with the acquired company, which is expected to enhance operational synergies.
UK Gambling Commission Reports Surge in Online Slots Revenue with 11% GGY Growth in Q3
The UK Gambling Commission's Q3 report reveals an impressive ￡1.32 billion gross gambling yield (GGY) in the online sector, marking an 11% year-on-year increase, primarily fueled by record online slots revenue that saw a 16% rise in player engagement.
Slots GGY reached an all-time high of ￡680 million, with an increase in active players and longer gaming sessions, while real event betting also saw a 6% uptick in GGY despite fewer total bets. Conversely, retail betting showed a slight decline, with a 1% drop in GGY, although self-service terminals experienced increased activity.
MERGERS & ACQUISITIONS
European Commission Increases FDJ Monopoly Payment to €477 Million Amid Fairness Approval
The European Commission has declared that the monopoly held by Fran?aise des Jeux (FDJ) for lottery games and sports betting is fair, following a detailed investigation that ruled out claims of unfair state aid.
However, the fee FDJ must pay has been adjusted from €380 million to €477 million to comply with European regulations after complaints were made in 2020 about the initial amount being too low.
Following this ruling, FDJ's stock experienced a significant jump, and the company faces potential competition with the French Government considering the legalization of online gambling in its 2025 budget.
MARKET ANALYSIS & INTELLIGENCE
Asia's Ascending Influence in the Global Gambling Market
Asia is emerging as a formidable player in the global gambling market, driven by a rapidly expanding middle class and technological advancements. Countries such as China, Japan, and the Philippines are experiencing significant investment in both land-based and online gambling sectors, with diverse formats like sports betting and online gaming contributing to this growth.
Notably, China's Macau has surpassed Las Vegas to become the world's largest gaming hub, revitalizing tourism and creating new revenue opportunities through the legalization of sports betting.
Despite the promising development, the Asian gambling market encounters various regulatory challenges, as each country has distinct laws shaping its landscape. Cultural attitudes toward gambling, often seen as a form of entertainment rather than a vice, promote greater acceptance and participation among the public.
Looking forward, the integration of international operators, technological innovation, and strategic marketing approaches will be key to navigating these challenges and aspiring to reshape Asia's gambling industry as it gains traction on the global stage.
The Impact of High Payout Averages on Attracting Casino Players
High payout averages play a crucial role in attracting players, particularly in the UK, where players are notably knowledgeable and proactive in seeking out favorable odds. Understanding that higher payout percentages indicate better chances of winning, many UK players are actively searching for casinos that publish transparent payout rates.
This dynamic creates a competitive landscape in which casinos that prioritize transparency and fairness can effectively draw in new users.
Bojoko.com, a recognized platform dedicated to providing comprehensive information on payout averages, actively monitors these figures to ensure they remain up-to-date and trustworthy for players. High payout percentages not only instill a sense of confidence among players but also give casinos a strategic edge in affiliate platforms—where visibility can significantly influence player engagement.
Operators are encouraged to leverage high payout information as a marketing strategy, as transparency is key; if players cannot easily access this vital information, they are likely to turn to competitors who provide it.
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 the iGaming Industry.
Senior Business Developer Next-on.pro | #igaming #payments #nexton | Sole trader
3 周Thanks for the news like that!
Business Development Manager | PayCly Merchant Services. | Payment Solutions Expert |
3 周Looks like a promising future for iGaming, with safety and innovation as top priorities. Thanks for sharing the latest highlights!