EU measures hurt IG Group quarterlies

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance EU measures hurt IG Group quarterlies Email Address Finance Subscribe to the iGaming newslettercenter_img 20th September 2018 | By contenteditor Tags: Binary Options and Forex Revenue and client numbers in key regions fall following new regulations Investment services provider IG Group has posted a 5% drop in revenue to £128.9m (£145.6m/$170.7m) for the first quarter of the fiscal year after the volume of trading by retail clients slumped in August following the introduction of new regulations by the European Securities and Markets Authority (ESMA).The company also cited lower levels of market volatility and highlighted that the corresponding three-month period of the previous year had been a record quarter.For leveraged over-the-counter products, client numbers fell by 10% in the UK and 13% in Europe, the Middle East and Africa.Client numbers also fell by 12% in the US, although a sharp 54% rise in group investment customers steered the overall figures to a 3% rise across the group on a year-on-year basis.However, revenue-per-client improved by 6% in the UK and by 3% across the Asia-Pacific region, but fell by 2% for EMEA clients.Last month, ESMA, the European Union’s securities regulator, renewed a ban on the sale of binary options to retail customers.“The volume of trading by clients categorised as retail clients in the UK and EU was, as expected, significantly lower in August than in July following the implementation of the ESMA measures,” the company said.“It is not possible to draw firm conclusions from a one-month period as it will take time for retail clients to adapt to the new rules and change their trading behaviour.“The group’s performance in the month of August has not changed the company’s previously stated view that the impact of the ESMA measures on historic revenue would have been a reduction of approximately 10%.”ESMA adopted the final product intervention measures this summer.In July, IG Group chief executive Peter Hetherington said that the company was in a strong position to mitigate the adverse impact of regulatory changes in the coming year after a 32% rise in operating profit headlined record annual results.last_img read more

Colorado Governor signs sports betting bill

first_img Colorado Governor Jared Polis has signed off on a bill that would legalise sports betting in the state, but the measure must now be put to voters in order to come into effect.HB19-1327 was only introduced on April 18 but quickly passed through the state’s legislative progress, securing approval from both the House and Senate, and now the Governor.However, the bill must now face a public vote, as a result of the new taxes it sets for legal wagering, with Colorado citizens likely to vote on the measure during state’s general election in November.Read the full story on iGB North America.Image: Sebastian Bergmann Legal & compliance Subscribe to the iGaming newsletter Topics: Legal & compliance Sports betting Colorado Governor signs sports betting bill 30th May 2019 | By contenteditorcenter_img Colorado Governor Jared Polis has signed off on a bill that would legalise sports betting in the state, but the measure must now be ratified by voters in order to come into effect. Regions: US Colorado AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

Unibet scores record shirt sponsorship deal with Club Brugge

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Online gambling operator Unibet has is to become the main front-of-shirt sponsor for reigning Belgian First Division A champions Club Brugge. Topics: Marketing & affiliates Sports betting Marketing & affiliates Regions: Europe Western Europe Belgium Unibet scores record shirt sponsorship deal with Club Brugge 26th June 2019 | By contenteditor Subscribe to the iGaming newsletter Email Address Tags: Online Gambling Online gambling operator Unibet has is to become the main front-of-shirt sponsor for reigning Belgian First Division A champions Club Brugge.Terms of the agreement were not disclosed, but it has been confirmed that the deal covers the 2019-20 season and represents a record commercial partnership for the club.Unibet, which served as the team’s sleeve sponsor last season, will now benefit from its brand appearing on the front of players’ jerseys.The Kindred Group-owned Unibet will also work with Club Brugge to create exclusive content for fans, as well as provide official match data to the club.In addition, Unibet will support the team’s corporate social responsibility campaign, No Heart/No Glory.“In the past few years, there has been a lot of interest from the sports betting industry to partner up with Club Brugge,” Club Brugge chief operating officer Bob Madou said. “Unibet is one of the biggest gambling companies and is fully licensed by the Gaming Commission. They are one of the strongest advocates of responsible gambling and have a clear link with sports.”Timothy Mastelinck, global head of sponsorships Kindred Group, added: “Just like Club Brugge, we are the market leader in our sector, we share the same values and we are driven by a passion for sportsmanship.“Fair play is not only one of the most important pillars of modern football; it’s also a key factor for Unibet. After all, we want to offer our customers a safe, secure and joyful gambling experience and ensure they are aware of their gambling behaviour so they can play responsibly.“Thanks to our collaboration with Club Brugge, we can better highlight this message.”last_img read more

IGT sets cybersecurity focus with new director appointment

first_img International Game Technology (IGT) has appointed Dr. Samantha Ravich as an independent director as part of an effort to enhance its cybersecurity measures.Ravich, who will now serve on the IGT nominating and corporate governance committee, is currently chair of the Centre on Cyber and Technology Innovation at the Foundation for Defence of Democracies and its Transformative Cyber Innovation Lab in the US.She is also vice chair of the US President’s Intelligence Advisory Board, as well as a commissioner on the Cyberspace Solarium Commission and a member of the Secretary of Energy’s Advisory Board.Previously, Ravich was Deputy National Security Advisor for Vice President Dick Cheney, who served in the role under Former President George W. Bush.Read the full story on iGB North America. Topics: Strategy Tags: Online Gambling Subscribe to the iGaming newsletter Strategy AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img IGT sets cybersecurity focus with new director appointment International Game Technology (IGT) has appointed Dr. Samantha Ravich as an independent director as part of an effort to enhance its cybersecurity measures. 31st July 2019 | By contenteditor Email Addresslast_img read more

XLMedia to sell mobile business to PLYmedia Israel

first_img XLMedia to sell mobile business to PLYmedia Israel Marketing & affiliates Tags: Mobile Digital marketing services provider XLMedia has agreed a deal to sell its Webpals Mobile subsidiary to PLYmedia Israel as part of a strategy to switch focus to its higher-margin publishing activities. Email Address Digital marketing services provider XLMedia has agreed a deal to sell its Webpals Mobile subsidiary to PLYmedia Israel as part of a strategy to switch focus to its higher-margin publishing activities.Terms of the deal were not fully disclosed, but XLMedia has confirmed that the Webpals mobile apps marketing arm will repay $1.9m (£1.6m/€1.7m) of inter-company balances to the group upon completion of the transaction.XLMedia also noted that a final settlement will be made based on the assets and liabilities of Webpals as at completion, following the preparation of completion accounts. XLMedia added that it expects this to be immaterial.In 2018, Webpals did not contribute anything to group earnings before interest, tax, depreciation and amortisation, while the net value of assets on the XLMedia consolidated balance sheet is nil following impairment charge recorded in 2018.“The sale of Webpals marks an important step for our business as we focus our attention on our core publishing activities,” XLMedia chief executive Ory Weihs said.“We remain committed to growing our gambling and personal finance publishing networks, while continuing with complementary media activities, which we believe ideally places the group to deliver sustainable and high margin growth.”XLMedia plans to use net proceeds from the sale to support its ongoing strategy of developing its publishing assets. This wider initiative will include a discontinuation of certain other media activities in order to focus its efforts on higher-margin publishing activities.PLYmedia Israel, the new owner of Webpals, is a business that is active in both the ad-tech and online marketing industries.center_img Topics: Marketing & affiliates Strategy 9th August 2019 | By contenteditor Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Transparency issues halt German sportsbook licensing

first_img The ruling of the Darmstadt Administrative Court that derailed Germany’s sports betting licensing process has been published, revealing that issues relating to transparency were key to the judge’s decision, which the body responsible for the procedure is preparing to appeal.The case, brought by Austrian bookmaker Vierklee, ultimately saw the court halt the award of sports betting licences, prompting dismay from many industry stakeholders.In its challenge, Vierklee argued that while it had been interested in applying for a licence, it had faced an opaque process that appeared to benefit those that had been active in the market for some time.It noted that last year the Regional Council of Darmstadt had informed these operators of the launch of the new process, and invited them to a special information event in August 2019. This effectively meant that some had more information on the procedure than others, which could only work on what was published on the Regional Council’s website.This information, in turn, was seen as insufficient, meaning these companies were at a disadvantage compared to those already active in the market, and ultimately amounted to a violation of the European Union’s transparency requirements.They also agreed that there was a lack of transparency regarding the criteria that operators had to meet to secure a licence, and that changes could be made without due notice or a full explanation.The lack of a uniform date from which all licensees could launch, meanwhile, was seen as discriminatory, as it gave incumbents an advantage.Finally, the involvement of the Glücksspielkollegium, the regulatory authority made up of representatives from Germany’s 16 states, also influenced the ruling. The powers and duties of the body have long been seen as unconstitutional and opaque, and there is little indication as to whether it can be trusted to make arbitrary decisions.However, the judge left open the question as to whether the successful challenge effectively killed the third amended State Treaty on Gambling. It is due to expire on 30 June 2021, after which a new, expanded regulatory framework, the Glücksspielneuregulierungstaatsvertrag, will come into force.The Regional Council, however, has the option to appeal the ruling. It has been given a two week window to file its challenge with the Hessian Administrative Court. The Council confirmed to iGB that it will indeed appeal the decision.Before the process was halted, the Regional Council claimed as many at 50 operators had either applied or were preparing applications, adding it was close to issuing the first licences. Legal & compliance 6th April 2020 | By contenteditor Regions: Europe Central and Eastern Europe Germany Subscribe to the iGaming newsletter The ruling of the Darmstadt Administrative Court that derailed Germany’s sports betting licensing process has been published, revealing that issues relating to transparency were key to the judge’s decision, which the body responsible for the procedure is preparing to appeal. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Mobile Online Gambling Topics: Legal & compliance Sports betting Transparency issues halt German sportsbook licensing Email Addresslast_img read more

APBGG launches review of UK’s Gambling Act

first_img22nd April 2020 | By contenteditor Casino & games Topics: Casino & games Legal & compliance Sports betting Subscribe to the iGaming newsletter Tags: Mobile Online Gambling OTB and Betting Shops APBGG launches review of UK’s Gambling Act The Parliamentary All Party Betting & Gaming Group (APBGG) has commenced a review of the UK’s Gambling Act 2005 to establish what changes may be needed to ensure the laws are relevant to the technical and social developments since its conception.The APBGG will take written evidence from all interested stakeholders and hold a series of meetings with experts from all sections of the industry and supporting organisations. This aims to prepare the ground for the government’s upcoming review of the legislation.The review will take place online due to current lockdown measures in the UK as a result of the novel coronavirus (Covid-19) outbreak, with stakeholders invited to take part in a survey and submit written submissions on the APBGG website.An initial four webinar sessions will see a panel of APBGG members interrogate key witnesses on four topics: A public health approach to gambling; gambling’s relationship with football; gambling marketing, and whether the 2005 Act is fit for purpose.The APBGG said it is in the process of agreeing dates and speakers and that it could host further webinars should the initial four sessions prove successful.Findings from the review will be published in a report that will be sent to the government’s Department for Digital, Culture, Media & Sport (DCMS) as part of its own planned review of the Act.In its 2019 General Election manifesto, the Conservative Party pledged to launch a review of the Act. However, despite being voted into power in December last year, it is yet to make any progress with these plans.The APBGG said it is aiming to complete its review and report by this winter.“As co-chairman of the All Party Betting and Gaming Group, I believe it is essential that any review of the 2005 Gambling Act is based on evidence,” APBGG co-chair Philip Davies MP said.“The purpose of these sessions to help inform the government in their work in this area. We want to listen to the legitimate concerns people have of the gambling industry as well as ensure the industry gets a fair hearing as well.“I am determined that we listen to a wide range of views and make evidence based recommendations which will ensure we enhance our global reputation as having the best regulated gambling industry in the world.”The announcement comes after the DCMS yesterday (21 April) wrote to leading online gambling operators demanding regular updates on players’ behaviour patterns during the coronavirus pandemic.Bet365, GVC Holdings, William Hill, Flutter Entertainment and The Stars Group-owned Sky Betting & Gaming, as well as industry trade body the Betting and Gaming Council, have been asked to provide internal data around online gambling habits of players under lockdown.Operators had already committed to making safer gambling messaging more prominent in adverts, and signposting links to services such as GamCare and its National Gambling Helpline, as well as to monitor customer behaviour and react quickly to increases in time and spending.However, another APPG, the Gambling Related Harm Group, criticised the measures, dismissing them as being insufficient to actually provide a sensible level of player protection, or as rehashing existing commitments. Regions: UK & Ireland AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The Parliamentary All Party Betting & Gaming Group (APBGG) has commenced a review of the UK’s Gambling Act 2005 to establish what changes may be needed to ensure the laws are relevant to the technical and social developments since its conception. Email Addresslast_img read more

FanDuel nets partnership with NBA’s Memphis Grizzlies

first_imgSports betting 3rd November 2020 | By Conor Mulheir Regions: US The multi-year deal represents FanDuel’s first NBA team sports betting partnership, and sees the operator become official sports betting and exclusive official daily fantasy partner for the team. “We are incredibly excited to collaborate with the Grizzlies as we bring unique promotions, product innovation, and engaging online experiences to Grizzlies fans and Tennessee sports fans alike.” Memphis Grizzlies’ president Jason Wexler added: “We are thrilled to have FanDuel as our first sports betting marketing partner and as our exclusive daily fantasy partner.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Read the full story on iGB North America. Topics: Sports betting FanDuel nets partnership with NBA’s Memphis Grizzliescenter_img It also marks the Grizzlies’ first partnership with a sports betting operator. Subscribe to the iGaming newsletter The partnership follows FanDuel’s recent launch of online wagering in Tennessee, from 1 November. Daily fantasy and sports betting operator FanDuel has struck a new strategic partnership with Tennessee-based National Basketball Association (NBA) team, the Memphis Grizzlies. Tags: FanDuel Memphis Grizzlies National Basketball Association “Grizzlies fans are among the most passionate in the NBA, and we are looking forward to helping them find new ways to access their sports fandom. FanDuel has been an excellent partner in building a program that will showcase why they are one of the best sportsbooks for Grizzlies fans.”  “As we expand our market-leading sportsbook into Tennessee, partnering with the Grizzlies was a no-brainer given the team’s popularity and long-standing success, as well as their shared mindset of being absurdly fan-focused,” FanDuel chief marketing officer Mike Raffensperger said. Email Addresslast_img read more

Skyline Solutions receives Isle of Man B2B licence

first_img Tags: Isle of Man Gambling Supervision Commission Skyline Solutions SolutionsHub Skyline Solutions receives Isle of Man B2B licence Casino game software supplier, Skyline Solutions, has officially launched in the Isle of Man after receiving a gaming licence in the jurisdiction. 20th April 2021 | By Conor Mulheir Chung also offered thanks to SolutionsHub for its assistance in the licensing process. SolutionsHub chief operating officer Nick Wright added: “Being licensed in the Isle of Man allows Skyline Solutions to serve a large and lucrative market and to achieve the company’s goals of growing rapidly.  We’re delighted to be helping them on the way to achieving success.” Topics: Casino & games Legal & compliance Online casino Product & technology Licensing “We are thrilled to have been awarded the licence and to officially announce our launch,” said Skyline director Angie Chung. Email Address “The Isle of Man offers us a superb base from which we can serve clients all over the world and gives our software developer partners the confidence that comes with such a highly respected licence.”center_img Subscribe to the iGaming newsletter Licensing Skyline engaged Douglas-based blockchain and cryptocurrency gambling licensing specialist SolutionsHub to assist with the licence application process. A total of 21 licences were approved in 2020, compared to just 8 in 2019. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The company was awarded a Gambling Supervision Commission B2B software supplier licence, allowing it to resell games to a market of customers globally. Isle of Man Digital’s chief executive Lyle Wraxall said that it continues to be a busy time for gaming licence applications in the jurisdiction. Data published in March showed that licence applications on the island were up 30% in 2020, as the total number of licensees to be supervised by the Gambling Supervision Commission reached 55, with others in the pipeline.last_img read more

Spirit of the Beast by Relax Gaming

first_img8th June 2021 | By Aaron Noy Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Game type:Video slotGo-live date (expected):22/06/2021Game special features:– Free spins– Mighty multipliers– Spirit summoner feature– Feature buy (Non-UK)Number of paylines:15Number of reels:5×3RTP% (recorded/theoretical):96.52%Variance/volatility:HighNumber of symbols to trigger feature/bonus?3Can feature be retriggered?YesNumber of free spins awarded?12Stacked or expanding wilds in normal play?StackedStacked or expanding wilds in feature play?StackedNumber of jackpot tiers?N/AAuto-play function?Yes The random feature may loom at the start of any spin, calling on the fearless eagle, bear, horse, wolf or raging bull. One creature is randomly selected to stack on the reels, warding off all other beasts and bringing the chance to fill the entire game screen with the selected high pay spirit symbol! Dare to summon the Spirit of the Beast in Relax Gaming’s latest slot! Spirit of the Beast by Relax Gaming Topics: Casino & games Slots Slots You can play a demo of Spirit of the Beast here!You can download the First Look Games affiliate pack for Spirit of the Beast here!last_img read more