Boylesports warns of job losses in Ireland

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first_imgEsports AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Boylesports warns of job losses in Ireland Regions: UK & Ireland 15th October 2018 | By contenteditor Industry unites for four-week fight to force gambling tax U-turn Email Address Tags: OTB and Betting Shops Subscribe to the iGaming newsletter Irish bookmaking giant Boylesports has warned staff that the doubling of betting tax will cost jobs, as the industry embarks on a four-week fight to reverse the government’s Budget.The council of the Irish Bookmakers Association (IBA) met on Friday to agree a united response to last Wednesday’s Budget announcement. Developments include the hiring of a media company to help publicise the plight of the industry and the risk to thousands of jobs, while a professor of economics is authoring a study to highlight the impact of the 100% rise in gambling turnover tax. The IBA and senior figures from the industry are arranging meetings with government officials and members of parliament, while an online petition and poster campaign have been launched.iGamingBusiness.com understands that the prospect of a half-day or even full-day strike, whereby betting shops would close as staff picketed government offices, has also been raised.It is thought there is a three- or four-week window between the Budget and its passing into law in the Finance Bill. The bookmaking industry is desperate to force a U-turn during that period, with leading independent Tully’s having indicated that around half of its shops will close on January 1 if the tax changed is introduced.Boylesports, one of Ireland’s big three high street chains along with Paddy Power and Ladbrokes, is believed to be reviewing all its shops as a result of the measure. It confirmed the seriousness of the situation in a letter to staff across its 250 shops.Boylesports management said: “We are committed to making Government and all relevant agencies understand the impact this poorly-considered policy will have on the sector, our business, us and our families.“We will take all steps available to safeguard our business, our industry and most importantly the employment of all our people.”Paddy Power Betfair’s share price fell by as much as 7% last week in the aftermath of Finance Minister Paschal Donohoe’s Budget announcement on the rise in the point-of-consumption turnover tax from 1% to 2%, which the government hopes will raise €50m. That figure has been branded a “fantasy” by the IBA.The current tax rate, which was introduced in 2015, is on top of standard business charges. Irish gambling companies are unable to recover VAT on purchases, while turnover is impacted by the ban on FOBTs in betting shops.The IBA believes the Finance Minister should have followed the conclusions of last year’s Department of Finance report, which advocated a gross profit tax used in many other countries. It fears 1,500 jobs will be lost and hundreds of independent companies will go out of business. Topics: Esports Financelast_img read more

MGM gaming executive expects in-stadium sports betting

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first_imgStrategy Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter MGM gaming executive expects in-stadium sports betting MGM also names George Kliavkoff as president of entertainment and sports Topics: Strategy Tech & innovationcenter_img MGM’s online gaming chief Scott Butera has said US sports venues should consider introducing in-venue betting services for fans in order to capitalise on the expanding, regulated market. Butera, who took over as MGM’s president of interactive gaming in June, said he has already held talks with a number of leagues and individual teams about linking up with the firm. MGM in July linked up with the National Basketball Association (NBA) in a landmark deal that marked the first such partnership between a gambling company and a major US sports league. A number of other firms have since followed suit, with William Hill US signing a deal with NHL ice hockey team. The American Gaming Association (AGA) recently published figures that show the NFL could benefit by $2.3bn (£1.8bn/€2bn) per year if it embraces the sports betting market. Butera, formerly president of the Arena Football League, said he is keen for the sporting world to embrace sports betting, saying that sports fans are the “most robust customer” when it comes to this type of wagering. “The conversion rate from sports fan to sports bettor is very high; that’s your most robust customer,” Butera said, according to Bloomberg. “There’s a lot of interest in sports betting. Figuring out how it unfolds is the question. I’m in it every day, and it’s going to be an evolution.” In order for sports venues to add on-site betting facilities, the state in which they are located will need to legalise sports wagering and for such laws to cover sporting arenas and stadia.Earlier this month, the Dover International Speedway in Delaware set a market first when it opened on-site betting facilities for fans. Nascar, the North American stock car-racing series that features at the track, has since said it will introduce some form of gambling rules from next season. Meanwhile, MGM has appointed George Kliavkoff as president of entertainment and sports. Kliavkoff will now drive the firm’s entertainment and sports operations, with a remit to develop and maintain partnerships within the industry. In addition, Kliavkoff will be responsible for the operations, finance, strategy, booking, marketing, sponsorships and ticketing for all MGM venues. Kliavkoff’s appointment comes after Richard Sturm opted to stand down from the role in order to set up a new company. However, Sturm will retain a close relationship with MGM, having agreed a constancy deal between MGM and his new business Las Vegas Live Entertainment and Sports.Image: U.S Army Regions: US 12th October 2018 | By contenteditor Email Addresslast_img read more

Indiana targets online and mobile sports betting in 2019

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first_imgLegal & compliance Lawmakers in Indiana are keen to push through legislation that would allow consumers to place legal sports bets online and via mobile early next year.Indiana is one of several states mulling over the option to legalise sports betting after the Supreme Court’s ruling on PASPA earlier this year.Neighbouring state Illinois last week held talks over the possibility of pushing through new laws early next year, while to the east, both Pennsylvania and West Virginia have recently passed legislation to regulate sports betting.A legislative study committee in Indiana recently recommended lawmakers look at introducing sports betting laws when they reconvene for the 2019 session.According to the Times of Northwest Indiana, lawmakers would back legislation that includes online and mobile sports betting, in order to allow the state to take full advantage of opportunities associated with legal sports wagering.Nevada and New Jersey both allow punters to wager online and mobile, and are some way out in front in terms of sports betting revenue. Lawmakers are keen to replicate this approach should laws go through.Should this be the case, a state-commissioned study by research firm Eilers and Kejcik said that Indiana could expect consumers to place more than $250m (£193m/€218m) in sports wagers each year.In comparison, New Jersey saw punters bet $95.6m in the second full month of regulation, while Mississippi, which has also legalised sports betting in the wake of the PASPA ruling, recorded $31.8m in wagers last month. Indiana targets online and mobile sports betting in 2019 Email Address Subscribe to the iGaming newsletter Tags: Mobile Online Gambling Research firm says punters could bet over $250m each year 23rd October 2018 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: US Indiana Topics: Legal & compliance Sports bettinglast_img read more

Tabcorp brings in Newman as chief financial officer

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first_img Subscribe to the iGaming newsletter Topics: People Strategy Tabcorp brings in Newman as chief financial officer 28th June 2019 | By contenteditor Regions: Oceania Australia Australian gambling operator Tabcorp has appointed Adam Newman as its new chief financial officer.Newman will take up the role in early October and replace Damien Johnston, who has been CFO of Tabcorp since 2011.Newman joins Tabcorp from Australian energy company AusNet, where he has been serving as CFO since 2013. Prior to this, he also held senior leadership roles with steel producer BlueScope in both the Australia and the US.“Following an extensive search I am very pleased that Adam Newman will join Tabcorp as chief financial officer,” Tabcorp managing director and chief executive David Attenborough said. “Adam brings deep experience in finance and operational leadership roles in complex environments.“I would like to thank Damien Johnston, who has been CFO of Tabcorp since 2011. He will remain with the company for a short period to ensure a smooth transition.”Confirmation of the appointment comes on the back of a mixed first half for the operator, which posted a year-on-year increase in group revenue, despite a decline in both revenue and profit in its wagering and media business.Group revenue for the six months to December 31, 2018 amounted to AU$2.79bn (£1.54bn/€1.72bn/US$1.96bn), up from AUS$1.34bn in the first half of its 2017-18 financial year.However, wagering and media revenue fell 3.8% to AU$1.22bn, while gaming services revenue also slipped 4.0% to AU$155.8m, both on a pro-forma basis.Image: Max Pixel AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling OTB and Betting Shops People Australian gambling operator Tabcorp has appointed Adam Newman as its new chief financial officer. Newman will officially take up the role in early October. Email Addresslast_img read more

Tennessee releases sports betting regulations to public

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first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Legal & compliance Sports betting Subscribe to the iGaming newsletter 25th November 2019 | By Daniel O’Boyle Tennessee has released its draft sports wagering rules, including stringent advertising regulations, for public comment.The rules would only allow for wagers to be placed online or by remote kiosks, in accordance with the bill passed in the state’s 2019 legislative session, SB0016.Under the regulations, operators must present all advertising materials they wish to use to the Tennessee Lottery at least 30 days before they are released.In addition, ads must not appear on one medium “with such intensity and frequency that they represent saturation of that medium or become excessive.”Read more on iGB North America. Tennessee releases sports betting regulations to publiccenter_img Tennessee has released its draft sports wagering rules, including stringent advertising regulations, for public comment. Legal & compliance Regions: US Tennessee Email Addresslast_img read more

Puerto Rico government seeks advisors for Gaming Commission

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first_img Email Address The Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF) has issued a request for proposals (RFP) seeking a consultancy firm to provide advisory services to the new Puerto Rico Gaming Commission. Topics: Legal & compliance Sports betting Subscribe to the iGaming newsletter Puerto Rico government seeks advisors for Gaming Commission Legal & compliancecenter_img The Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF) has issued a request for proposals (RFP) seeking a consultancy firm to provide advisory services to the new Puerto Rico Gaming Commission.The winning party will work with the Commission to draft regulations governing gambling in the US territory, as well as support the regulatory body with respect to activities under its jurisdiction such as sports betting, fantasy sports contests and esports.The consultancy will also be responsible for developing ways for the Commission to carry out its key duties, modelled on the processes employed by regulators in other US jurisdictions. In addition, the successful bidder will deliver interim progress reports.“This process will serve to identify qualified firms that meet the essential requirements to develop such regulations, thereby reinforcing the current public policy of Governor Wanda Vázquez Garced, which authorises sports betting, fantasy contests and electronic games,” AAFAF executive director and chief financial officer of the government, Omar Marrero, said.Read the full story on iGB North America. Regions: US AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 3rd March 2020 | By contenteditorlast_img read more

Carolyn Harris: Operators need to step up amid Covid-19

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first_img25th March 2020 | By contenteditor People Email Address Carolyn Harris, chair of the Gambling Related Harm All Party Parliamentary Group (APPG), has called on British operators to step up efforts to protect customers amid the novel coronavirus (Covid-19) pandemic.Earlier this week the APPG wrote to industry trade group the Betting and Gaming Council (BGC), urging its members to introduce a £50 daily gambling limit for customers. This, it said, would be a “clear demonstration that the industry is willing to act responsibly and do what they can to protect society and peoples’ finances”.Speaking to iGB, the group’s chair and Swansea East MP Harris explained that she had already had many people inform her that they were being “inundated” with emails and texts from operators, tempting them to gamble online.“[And] this is a worry because if you are a problem gambler and you have all of this extra time on your hands sat at home, we need to ensure these temptations are not there if they are trying to keep away from gambling,” she said.“This is not the right time to be stepping up marketing operations – the providers need to be behaving responsibly and I think a £50 cap would demonstrate this.”Harris, who has led the charge for wholesale changes to British gambling regulations, putting forward proposals for a £2 online slot stake cap, said it was “only fair” that operators introduce new restrictions.“On countless occasions we have seen how a gambling addiction can completely ruin an individual’s and their family’s lives – pushing them into unmanageable debt and leading to detrimental effects on mental health for the problem gambler and the closest around them,” she said.“With some betting bosses being the highest paid in the UK, making this adjustment to protect problem gamblers would be a fair compromise.”Harris’ comments come after 888 Holdings yesterday said that it would be vigilant in its efforts to ensure customers gamble sustainably during the crisis. The operator explained that with people spending more time at home, and facing increased stress from economic uncertainty, it was especially important to protect players.It said it would continue to offer customers support and is promoting the range of safer gambling tools it offers to players, as well as using its Observer software to monitor player data to identify potential issues.Harris said the APPG would also look to do its bit to ensure problem gamblers still have access to treatment despite the social distancing controls necessitated by the pandemic.“We know that there will be an increase pressure on services at the moment, as there is on all support services because of the Covid-19 pandemic,” she said. “Continuity of support for problem gamblers is key but it is obviously important that everyone is following the guidelines and advice around social distancing.“The APPG itself does not have facilities to shift services online for problem gambling support services, but we are happy to engage with the relevant Ministers to ask for assistance when required, to help services achieve this move.” Carolyn Harris, chair of the Gambling Related Harm All Party Parliamentary Group (APPG), has called on British operators to step up efforts to protect customers amid the novel coronavirus (Covid-19) pandemic. Carolyn Harris: Operators need to step up amid Covid-19 Topics: People Strategy AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Mobile Online Gambling Regions: UK & Ireland Subscribe to the iGaming newsletterlast_img read more

Esports Entertainment partners LA sports franchises

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first_img Subscribe to the iGaming newsletter Esports betting operator Esports Entertainment Group has entered into a new partnership with AEG, the sports and entertainment business that owns major league sports franchises the LA Kings and LA Galaxy. Regions: California Topics: Esports esports betting “This is the first big US push for our tournament platform, a key component of our ‘Three Pillar Strategy’ for growth,” Esports Entertainment’s executive vice president for esports, Magnus Leppaniemi, said. The deal, which represents Esports Entertainment’s first partnerships with teams in each league, will see the operator exclusively host branded tournaments for the franchises on its Esports Gaming League (EGL) platform. Tags: betting Esports Esports Entertainment LA Kings LA Galaxy EGL runs live and online events and contests, allowing gamers to compete and access a range of content relating to esports and video games. Esports 13th October 2020 | By Robert Fletcher AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Under the agreement, Esports Entertainment will become the official esports tournament provider for National Hockey League (NHL) team the LA Kings and Major League Soccer (MLS) club LA Galaxy. Email Address Read the full story on iGB North America. Esports Entertainment partners LA sports franchiseslast_img read more

Entain extends wide-ranging platform deal with Scientific Games

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first_img“Over a number of years, OpenGaming has been a key component of our online gaming offer, helping to establish it as  the world’s biggest and best casino portfolio,” Entain chief product officer Valery Gelfman said. Entain has signed a three-year extension to its content aggregation platform partnership with Scientific Games. Under the deal, Entain, previously known as GVC Holdings, will continue to have access to Scientific Games’ OpenGaming ecosystem. “Extending our partnership with Scientific Games will enable us to continue to build our market share in regulated markets in Europe and beyond.” Entain extends wide-ranging platform deal with Scientific Games The extension comes after Entain last week reported that its revenue in 2020 was almost exactly flat at £3.63bn, as online growth largely cancelled out retail declines. Entain brands such as Ladbrokes, Coral, bwin, PartyCasino and Gala will be able to use the content aggregation platform to access more than 3,000 igaming titles from a range of studios, as well as responsible gambling tools. The agreement covers Entain’s activities in the UK, Germany, Greece, Italy, Spain and Portugal. Topics: Casino & games Online casino Email Address 8th March 2021 | By Robert Fletcher Scientific Games’ senior vice president of gaming for digital, Dylan Slaney, added: “We have an extensive roadmap of exciting new titles that Entain brands will receive over the coming months through our content aggregation platform. Online casino AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “With the robust regulatory tools that are embedded within OpenGaming, we’re in the perfect position to provide valuable support for Entain as the group grows its reach within regulated markets.” Subscribe to the iGaming newsletter Tags: Scientific Games Entainlast_img read more

Casino Dashboard: March 2021

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first_img Topics: Casino & games Online casino Slots Last month’s stars, Gonzo’s Quest Megaways and Twin Spin Megaways either crept in or fell just short of the top 20 but sister products Piggy Riches and Fishin’ Frenzy benefited from the interest in Red Tiger Megaways titles. Companies: eGaming Monitor Photo by Launde Morel on Unsplash Barcrest had two Rainbow Riches titles in February’s top 20, presumably with players and/or operators building up anticipation ahead of Rainbow Riches Race Day, which launched just at the end of the month. We expect to see it off the bridle in time for next month’s dashboard review. On the games front, there’s no change at the top this month but a new trio of hopefuls… **The games chart here excludes live games and table games. Game rankings are determined by the number of game appearances on the casino homepages of more than 1000 casino sites. To access the full detailed database and see many other charts including live and table games, or to filter by operator type and size, see our partner’s site, egamingmonitor.com. From a studio perspective, Matrix Studios are now distributing their product via new partners BetConstruct, Emara Play and Slotegrator. As Booongo also notched up another couple of deals, they now occupy ‘pooole’ position for busiest studio dealmaker in the last six months. And deals mean revenues if you missed our piece on the correlation between studio deal-making and game distribution across operator sites. Biggest studio dealmakers Garlic with your slots on Valentine’s Day and dealmaking is back on, writes Kevin Dale Vampire Kiss by Leap Gaming, Romance V by Fugaso and Blood Lust by Elk Studios satiated many but it was the wild desires of Microgaming’s slot, the remastered Immortal Romance, that savaged, or ravaged them all – even making it into our top 20 games chart too. Perhaps a consequence of confined couples and stymied singles, Valentine’s had a bloodthirsty take this year, with the top romantic titles all combining a bit of gore and passion. Dealmaking is back after the chilly break with double the number of partnerships announced vis à vis January. Blox had a busy month although BlueOcean Gaming was the busiest aggregator in February, announcing a flurry of new content deals with CandleBets, GivMe Games, Golden Hero, Peter & Sons and Stakelogic. On the rolling six-month view, this takes them into second place after PariPlay.center_img *Data on deals by month was collected from April 2020 onwards. Deal relationships between companies from all time are available on other charts. Note that only deals reported on company websites or in the gaming press are collated. Casino & games Biggest aggregator dealmakers AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Subscribe to the iGaming newsletter Adventures of Doubloon Island by Triple Edge Gaming is this month’s hottest arrival, grabbing fifth spot whilst two other new and exclusive titles for Microgaming, 3 Devils Pinball (Crazy Tooth Studio) and Chicago Gold (PearFiction Studios) also made it into the top 20. Top 20 games by distribution Casino Dashboard: March 2021 17th March 2021 | By contenteditor A few tender souls did opt for Chocolates (Big Time Gaming), For Love And Money (Rival Powered) or Tweethearts (Just For The Win) but they were easily outnumbered by Vlad and his fans.last_img read more