Socrates is voted back

first_img Show Comments ▼ whatsapp Share KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Sunday 27 March 2011 11:51 pm whatsapp INTERIM Portuguese Prime Minister Jose Socrates has been voted back in as leader of his Socialist Party after quitting last week.He had walked out after parliament voted down the Socialists’ austerity budget, but his victory in the party vote means he will lead them into an election in two months’ time. He won 93 per cent of 32,000 members’ votes.Markets continue to be unsettled by the political crisis in Lisbon, however, with yields on the country’s five year debt sky-high shooting over 8.5 per cent, compared to under eight per cent a week ago. EU leaders unveiled a “comprehensive package” to solve the region’s debt crisis after a two-day summit on Friday. The agreement made progress on establishing the Eurozone’s permanent bailout fund. Tags: NULL Socrates is voted back last_img read more

Ladbrokes Australia signs up Sportcast for Multiverse

first_imgSports betting Topics: Sports betting Tech & innovation Regions: Oceania Australia Subscribe to the iGaming newsletter 7th August 2018 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Email Address Ladbrokes Australia signs up Sportcast for Multiverse Software provider Sportcast is set to unveil further partnerships after striking a deal with Ladbrokes Australia that will enable the bookmaker to offer punters the chance to combine any bet within the same accumulator.After adding selections through the operator’s Multiverse offering, punters will be able to switch on or off any combinations of singles and Sportcast-powered Same Game Multi components, with prices instantly updated within the bet slip.The Same Game Multi offering has initially launched across the Australian NRL rugby league, AFL Australian rules, NBA basketball and football leagues, with more sports to be added soon.The service has been described by Sportcast as an industry first, but commercial director Ryan Coombs told that further deals are in the pipeline.“There will be further partnership announcements this year,” he said. “Whilst Sportcast were early in developing our BetBuilder/Same Game Multi product, we’ve now seen the industry come around to its potential, with many now considering it an essential part of a sportsbook’s furniture.“We are continually expending to new sports, including the US big four, which also opens up new opportunities for us, so new partners are in the process of integrating, with hopefully more to come.”Sportcast supports five different integration methods, allowing the company to respond to the unique requirements of operators, Coombs added.For example, Betsson utilised Sportcast’s APIs to build its own BetBuilder customer interface and experience, while Ladbrokes Australia has integrated into Sportcast’s engine to power the Multiverse bet slip offering, and GVC has integrating its own customisable BetBuilder experience and interface directly into its platform, websites and apps.“The duration to integrate is largely down to the bespoke requirements of our operators, but we’ve been able to deliver integrations in as little as two weeks leading up to the World Cup,” Coombs said.Ladbrokes Australia’s chief marketing officer, Jason Kibsgaard, added: “Partnering with Sportcast creates new opportunities to leverage cutting edge technology and deliver both a fantastic same game multi product and an experience like no other.”Sportcast, which has offices in the UK and Australia, launched in 2013 and is now live across many brands, such as GVC/bwin, Betsson and Betfred.Sportcast commercial director Ryan Coombs added: “Multiverse demonstrates the flexibility of Sportcast’s technology in offering a unique and seamless betting experience without the limitations punters have had to endure in the past.”Picture credit: Tom Reynolds Sportcast’s Same Game Multi components are being integrated with other partners following Ladbrokes Australia tie-uplast_img read more

GiG to launch Hard Rock’s online sportsbook

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sports betting 12th October 2018 | By contenteditor Regions: US New Jersey Gaming Innovation Group (GiG) says it is now “a force to be reckoned with” in the fledgling US betting market after announcing it will launch Hard Rock’s mobile sportsbook before the end of the year.GiG developed the casino giant’s online platform earlier this year, but following the repeal of PASPA the company will now integrate its three-module betting product, featuring risk management, odds and data.GiG must first go through the formality of receiving certification to offer sports betting by the New Jersey authorities before the Hard Rock sportsbook can begin accepting wagers.The announcement comes just weeks after GiG confirmed the completion of its Sports Betting Services product and the addition of its first B2B partner, Nesset, GiG’s director of sports, told that the strength of its newly-launched wagering product and the successful development of Hard Rock’s online casino helped it beat off rivals to secure the sports deal.“We have a proven track record with Hard Rock with the successful launch of the online casino earlier in the year,” Nesset said.“We have spent the past two years developing sports betting products with the latest technology to ensure the operator has all the tools they need to manage risk, create their own markets and a front-end solution which offers the best user experience.“Couple this with our ability to solve problems using innovation with Hard Rock’s product vision for the US, we are going to be a force to be reckoned with.”Technology companies such as Kambi and SBTech have already achieved major wins in New Jersey in what has become a focus for much of the world’s biggest gambling firms. As well as its own GiG-powered sportsbook, Hard Rock will also be home to Bet365’s New Jersey operation following a partnership signed in July.Later today (Friday) New Jersey is set to announce its sports betting takings during September, the first month of the NFL season. NJDGE director David Rebuck earlier this week suggested the figures would be “stunning”, which is likely to mean a significant increase on the $96m (€82m/£73m) taken in August.Meanwhile, GiG has also today announced the completion and soft launch of its first-ever in-house developed game, ‘Wild Reels’. The slot has been developed by its new GiG Games team, which is part of its casino division.From launch date until end of H1 2019, GiG expects to have launched a total of six to eight games and to launch a number of additional games through collaborations with external game studios.Image: Wcam GiG to launch Hard Rock’s online sportsbook Subscribe to the iGaming newsletter Topics: Sports betting Tech & innovation Companies: GiG Supplier says it is “a force to be reckoned” with in New Jersey betting market Email Addresslast_img read more

NJ sets sports betting and igaming revenue records in March

first_imgCasino & games Subscribe to the iGaming newsletter NJ sets sports betting and igaming revenue records in March New Jersey’s licensed igaming and sports betting operators set new monthly revenue records for each vertical in March, which helped the state post a 34.5% year-on-year increase in gaming revenue to $294.0m (£224.7m/€259.8m) for the month.Land-based casinos remain the main source of gaming income in the state, with casino win up by 15.7% year-on-year to $223.2m. Slots win drove growth in this market, with revenue up by 18.5% to $162.6m, while table games revenue also increased 8.7% year-on-year to $60.5m.In terms of online gambling, revenue was up by 53% to $39.1m, surpassing the previous monthly total set in January of this year, according to figures released by the New Jersey Division of Gaming Enforcement.Growth in the online gaming market came from products such as slots and table games, with revenue for such services up 57.7% to $37.2m. In contrast revenue from online peer-to-peer games (poker) fell 1.6% to $5.60m – the only market sector that saw a decline in March.Golden Nugget remains some way out on front as the leading operator in the market, generating revenue of $14.2m in March, up 64.4% on the same month last year.Resorts Digital saw its online gambling revenue more than double on a year-on-year basis, with the $8.5m posted in March up by 100.1% on the $4.2m that it recorded in the same month in 2017.The Borgata Hotel Casino & Spa retained third place with igaming revenue of $5.4m for the month, up 18.7% on last year, with Caesars Interactive in fourth on revenue of $5.1m, up 16.4% on March 2018.Meanwhile, New Jersey saw sports wagering revenue hit $31.7m in March, the highest monthly total since the state moved to legalise sports betting in the wake of the US Supreme Court ruling on PASPA in May last year.Meadowlands, in partnership with Paddy Power Betfair’s FanDuel, remains the market leader with sports betting revenue of $17.6m for March. This is more than double the $8.1m in reported in February.Resorts Digital and partner DraftKings, ranked second with revenue of $7.2m, up from $3.7m in February, while Monmouth Park and William Hill was the only other sports wagering partnership to post revenue in the millions of dollars for the month ($1.96m).A busy March means total gaming win for the state during the first three months of the year amounted to $764.8m, up 28.6% on the same point in 2018.Online gambling win was up by 50.3% year-on-year to $104.5m, while sports betting revenue, which does not have a comparative total, amounted to $63.2m in the period. Topics: Casino & games Finance Sports betting 15th April 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: US New Jersey Tags: Online Gambling New Jersey’s licensed igaming and sports betting operators set new monthly revenue records for each vertical in March, which helped the state post a 34.5% year-on-year increase in gaming revenue to $294.0m (£224.7m/€259.8m) for the month. Email Addresslast_img read more

William Hill opens new retail sportsbook in Pennsylvania

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Read the full story on iGB North America. Subscribe to the iGaming newsletter 15th October 2020 | By Robert Fletcher William Hill opens new retail sportsbook in Pennsylvania Retail sports betting Topics: Sports betting Retail sports betting Sportsbook William Hill will operate the  sportsbook in partnership with Caesars Entertainment, with consumers in the state also having the option to bet on mobile via the ‘Caesars Casino & Sportsbook by Harrah’s Philadelphia’ application. Regions: Pennsylvaniacenter_img This saw an existing sports betting partnership between William Hill and Eldorado extended to Caesars properties. Agreed in September 2018, the deal saw William Hill become Eldorado’s exclusive partner in the provision of digital and land-based sports betting services as well as online gaming. The full-service sportsbook will feature six ticket windows, 16 self-service betting kiosks and a wagering menu with in-play betting. In July, the legacy Caesars Entertainment Corporation business was acquired by Eldorado Resorts in a reverse merger deal worth $17.3bn. Tags: Sportsbook Sports Betting Caesars Pennsylvania William Hill William Hill has further expanded its presence in the state of Pennsylvania by opening a new retail sportsbook at Harrah’s Philadelphia in Chester County. Within the new sportsbook space, Harrah’s Philadelphia will continue to operate The Book, its existing sports betting lounge facility that offers stadium lounge seats, high-top tables and over 45 television screens to watch sports events. Email Addresslast_img read more

888 poaches Stars Group’s Lewis for strategy role

first_img“I am delighted to join a great team and to help drive forward the compelling growth opportunities that lie ahead.” Topics: People People moves Recruitment “888’s unmatched scalable technology, coupled with its strong brand and marketing expertise have supported its growth to become an industry leader, and provide a powerful platform that underpins the group’s significant continued growth potential,” he explained.  12th November 2020 | By Robin Harrison Lewis becomes the latest major appointment to 888’s leadership team in recent months, following Dafna’s appointment as CFO in September in the wake of Aviad Kobrine’s departure.  “I have no doubt that his skills and background will support 888 to identify and deliver further growth opportunities over the coming years.” Lewis described 888 as a company he had long admired.  In his new role he will report into chief executive Itai Pazner, and be tasked with developing 888’s long-term strategy, including strategic business development such identifying and executing on M&A opportunities. He will also work with finance chief Yariv Dafna on the operator’s investor relations strategy. He previously acted as senior vice president of communications for the PokerStars operator, and director of corporate development at Sky Betting & Gaming.  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter People movescenter_img Lewis joins from Flutter Entertainment, where he most recently served as transformation lead for the operator’s international business, following its acquisition of The Stars Group in May this year.  888 poaches Stars Group’s Lewis for strategy role 888 Holdings has hired The Stars Group’s Vaughan Lewis for the newly created role of chief strategy officer, effective 2021. Lewis moved into operational roles having previously covered the industry as an equity research analyst for Morgan Stanley.  “We are delighted to welcome Vaughan as 888’s first CSO,” 888 chief executive Itai Pazner said. “Vaughan is a highly experienced gaming industry professional with a wealth of relevant expertise across both strategic development and investor relations.  Former director of general election resources for the Labour Party Lord Jon Mendelsohn has also been named the operator’s chairman designate, and is expected to take on the role following 888’s annual general meeting in May next year. Tags: 888 Holdings Subscribe to the iGaming newsletter Email Addresslast_img read more

iGB Market Monitor: December 2020

first_imgWhen Sweden announced it was regulating the market starting from January 2019, it was clear to the big operators that moving into the white market would be less profitable than remaining outside of it. Analysts suggest this could lead to a sizeable shift away from the regulated market in the next five years, which if true, would represent a massive failure for Sweden’s licensing system. Stephen CarterEditorial director, iGB Regions: Europe The end result is that smaller operators are increasingly choosing to target Swedish players without gaining a licence, while bigger operators are questioning whether they’ve made the right choice in opting for the licensed regime. Finance iGB Market Monitor: December 2020 However, even before Covid-19 struck, there were signs the market wasn’t working as it should and the knee-jerk political reaction to the pandemic has made things worse. Given the addition of deposit limits and the misguided idea of a central state-run portal to enforce these, it’s unsurprising that all evidence points to a growing shift of players from the regulated market to the unregulated market. If you are unable to access the reader above you can download the PDF here! AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Further south in Europe, similar debates are taking place in Portugal, where the latest data suggests more and more players are also moving outside the licensed system. Here, as with Sweden, politicians seem intent on using assumptions about a rise in igaming due to the pandemic to justify further clampdowns on operators, despite contradictory evidence. But many assumed there would be a trade-off in terms of legitimacy and that ultimately it was the only choice in an environment where the government had made clear a high channelisation rate was a key priority. This edition of the iGB Market Monitor drills down into the latest public numbers and considers the current state of play in Sweden, Denmark and Portugal. 7th December 2020 | By Joanne Christie Topics: Casino & games Finance Sports betting Regulation There is more optimistic news from Denmark, however, where an analysis of the data from the beginning of the regulated market in 2012 until last year clearly demonstrates that the addition of online can add to a market’s overall size rather than simply shifting play between channels. Subscribe to the iGaming newsletter Email Addresslast_img read more

Standard General pulls out of Sportech talks after latest rejection

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 18th December 2020 | By Robin Harrison After a 28.5 pence per share offer for the business was rejected in November, Standard General upped its bid to 32.5 pence per share earlier this month.  Standard General pulls out of Sportech talks after latest rejection However, a “significant shareholder” of Sportech informed Standard General that they would only be willing to support a “substantially higher offer”, something the investment business said it was unable to justify.  Standard General has therefore announced that it will not make a further offer for the business, and Sportech has ended talks. The technology processed stakes of $12.2bn in 2019, for clients across 37 countries. In the Americas alone – comprising the US, Canada and Latin America – Sportech provides betting solutions, hardware and operational services to more than 200 racetracks, casinos and betting venues to more than 50 customers. M&A New York-based investment fund Standard General has ended talks over a deal to acquire Sportech, after one of the horse race betting operator and technology provider’s shareholders indicated they would not accept its latest offer for the business. This means that Sportech’s plans to put the £30.9m sale of the global tote business to shareholders at a meeting scheduled for 24 December can proceed. center_img That deal, announced earlier this month, will see Australian supplier BetMakers acquire Sportech’s tote businesses in the Americas, the UK and Europe, as well as its Quantum Tote betting engine.  Subscribe to the iGaming newsletter Provided it secures backing from shareholders, the deal is expected to complete in the first half of 2021. BetMakers aims to use the technology and reach to accelerate its US expansion plans. Topics: Sports betting Strategy Horse racing Product & technology M&A Email Address Tags: Sportech BetMakers Technology Group This meant that Sportech’s board was unwilling to accept the proposal, instead suggesting that other options available – including BetMakers’ acquisition of its global tote business – would provide more value to shareholders. Regions: USlast_img read more

Las Vegas Sands’ Adelson takes medical leave of absence

first_imgLas Vegas Sands did not reveal the length of the leave of absence. Adelson – who is 87 years old – then played a major role in Macau’s transformation into the world’s largest gambling destination. Las Vegas Sands’ Adelson takes medical leave of absence Email Address Regions: US Singapore Macau Adelson founded Las Vegas Sands in 1988 after he led the purchase of the Sands Casino. The business soon built the Sands Expo and Convention Center. The Sands Casino was then demolished 1996, to be replaced with the Venetian, which opened in 1999. Subscribe to the iGaming newsletter 7th January 2021 | By Daniel O’Boylecenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: People Land-based casino People moves Read the full story on iGB North America. People Las Vegas Sands chairman and chief executive Sheldon Adelson will take a medical leave of absence after resuming undergoing treatment for non-Hodgkin’s lymphoma, with president and chief operating officer Robert G. Goldstein stepping into both roles. Tags: Las Vegas Sands Sheldon Adelsonlast_img read more

Swedish police warn gambling under “highest threat” from money laundering

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Gambling at state-owned casinos and online gambling were highlighted as areas where the risk was especially high. Subscribe to the iGaming newsletter To counter money laundering, the report called for a change in the country’s Gambling Act on account and safe deposit box systems to include gambling companies. Currently, authorities have the power to quickly identify those who hold bank accounts and safe deposit boxes when money laundering is suspected, but cannot do this for gambling accounts. In March, a report from Sweden’s Financial Police revealed that 700 incidents of money laundering were flagged in 2020. Last week Sweden’s National Operations Department arrested five people in a match-fixing bust in Stockholm. Swedish police warn gambling under “highest threat” from money laundering Although Sweden’s Gaming Act prohibits transfers between gaming accounts, the report warned that money can be transferred in other ways – for example, deliberate poker losses. The group also found evidence to suggest that gambling accounts are being used for terrorist financing. The Swedish police has warned that gambling is at its “highest threat level” of money laundering in the country’s National Risk Assessment of Money Laundering and Terrorist Financing report. Topics: Casino & games Legal & compliance Tech & innovation Compliance Regulation Cybersecurity Fraud Platform Payments This month the Swedish government proposed an extension on the country’s novel coronavirus (Covid-19) restrictions for its gambling industry, including a SEK5,000 (£423/€492/$590) monthly deposit limit for online casino games. Email Address Casino & games 21st April 2021 | By Marese O’Hagan The report also recommends periodic reporting from operators to the Swedish Gaming Inspectorate in order to curb money laundering potential and increase supervision. The report, which was compiled from findings by Sweden’s Coordination Function Against Money Laundering and Terrorist Financing group, organised by the police authority, said gambling businesses are often unknowingly “at risk” of money laundering exploitation.last_img read more