US bettors eager to switch to legal sportsbooks

first_img15th August 2018 | By contenteditor US bettors eager to switch to legal sportsbooks Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter AGA-commissioned survey lifts the lid on the typical American sports bettor Sports bettingcenter_img Topics: Sports betting Tech & innovation Regions: US Almost three quarters of US punters would switch their betting activity to a regulated operator if given the opportunity.Three months since the repeal of PASPA, a new Nielsen Sports survey, commissioned by the American Gaming Association (AGA), shows that the vast majority of those currently betting illegally would seek licensed operators given the chance. Sports betting has already been introduced in New Jersey, Delaware and Mississippi since the Supreme Court’s PASPA ruling, with West Virginia, Rhode Island and Pennsylvania set to follow in the coming months. According to Nielsen Sports, 44% of sports bettors are adults under the age of 35, as opposed to 31% of the general population. Some 29% percent of bettors earn a household income of more than $100,000, almost double the proportion of the general population.It also found that 38% of existing bettors would completely switch to legal methods if they had the chance, will 33% would do so in part. Some 29% would not change their bookie regardless of legal alternatives.“The Nielsen Sports data supports what we’ve long expected: access to legal sports wagering will increase fan engagement in major sport contests and enable a significant revenue generation opportunity for major sports leagues and teams,” said Sara Slane, senior vice-president of public affairs for the American Gaming Association.“Expanding access to legal sports betting will bring millennial audiences back to sports broadcasts and stadiums, which is a huge benefit for sport enterprises across the country.“However, this potential will only be realised with proper policy frameworks that empower consumers with competitive odds, access to all bets and the ability to tap into modern platforms including mobile. Without this focus on consumers, the illegal market will continue to thrive.”Nielsen Sports surveyed more than 1,000 adult sports fans – including fans of the NFL, MLB, NBA and NHL – and self-identified sports bettors nationwide, identifying demographics and consumption habits to quantify the value of the legal sports betting market.In data that is food for thought for the sports leagues, the AGA discovered that bettors tend to be younger, more affluent and better educated than average fans. Some 62% of NFL fans who are bettors went to college and 31% earn more than $100,000, compared to figures of 58% and 23% of non-betting fans.Among NBA fans, 54% of bettors are aged between 18-34 while 30% earn more than $100,000 compared to 40% and 26% among non-betting fans. The NBA last month signed up MGM Resorts as its official betting partner. Image: Erin Khoo Email Addresslast_img read more

Italy iGaming Dashboard – November 2018

first_img Casino surged to its highest ever monthly GGR in Italy last month with poker also up as iGB extends its market share coverage in ring games and tournaments Tags: Card Rooms and Poker Online Gambling 12th November 2018 | By Joanne Christie Topics: Casino & games Finance Sports betting Bingo Poker Subscribe to the iGaming newsletter Regions: Europe Southern Europe Italy Bingo After a surge at the beginning of the Italian football season, Italy’s sports betting market dropped off slightly last month and was down significantly when compared with last October.Online sports betting GGR fell to €56.90m in October, down from September’s €60.45m and last October’s €77.74m, representing a more than 25% year-on-year drop.Casino, on the other hand, saw its highest ever monthly GGR, with the €64.91m in GGR last month representing a more than 10% jump on the previous month and an almost 25% rise on the same month the previous year.This saw the market swing back to a position where casino is the largest online vertical in Italy, with 47.52% of the market compared with 41.65% for sports betting.Overall, total online GGR rose to €136.6m from €132.6 the previous month. Although this was a rise on the previous month, the disappointing sports betting figures saw the overall market fall nearly 6% year-on-year.Bet365 regained its lead in online sports betting, but looking at the leading operators when land-based revenue is included, it’s clear the online giant faces challenges once the advertising ban comes into play in January.While Bet365 holds 15.9% of the online sports betting market, once land-based revenue is included its share drops to 6.8%, with Snai, Planetwin365 and Eurobet leading the combined pack.Given these operators will continue to be able to leverage their retail presence once the ban is in effect, it will be interesting to see how much more ground they gain over the online-only operators next year. There was some rare good news in the poker market in Italy last month, with GGR for both tournament and cash poker rising on the month and poker’s share of the igaming market nudging back towards 5% for tournaments and 4% for cash games.This month we’ve expanded our market share breakdown of the poker market to show the top five operators for tournaments and the top 10 operators for cash games. PokerStars remains the leader in both markets, though its lead fell slightly last month in both areas.Click on the drop down options below to compare how Italy’s igaming market has performed on a monthly or annual basis. Revenue figures for online-only sports betting start from October 2016, with operator market shares from May 2017.All data and figures are processed by leading European corporate advisory firm Ficom Leisure, a specialist in all segments of the betting and gaming sector. Italy iGaming Dashboard – November 2018 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

Kindred signs multi-state deal with Caesars

first_imgSports betting Regions: US Indiana Iowa Tags: Online Gambling 12th February 2020 | By contenteditor Topics: Sports betting Email Address Kindred Group is to roll out its sports betting and online gaming services in Iowa and Indiana after signing a new multi-state agreement with operator Caesars Entertainment. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Kindred signs multi-state deal with Caesars Kindred Group is to roll out its sports betting and online gaming services in Iowa and Indiana after signing a new multi-state agreement with operator Caesars Entertainment.Under the deal, Kindred, under the Unibet brand, will operate both online sports betting and online gaming in the two states, subject to the passage of applicable laws.Kindred, which will also be required to secure relevant licences in both states, will partner with Caesars’ Horseshoe Hammond Property in Indiana and the Harrah’s Council Bluffs property in Iowa.“We are thrilled to further extend our presence in the US together with one of the world’s most renowned and diversified casino-entertainment providers,” Kindred US senior vice president Manuel Stan said.Read the full story on iGB North America.last_img read more

Japan joins the fray

first_img One of the most anticipated events of the year will be the process to select the operators and cities for Japan’s three integrated resorts, which will see the country’s first commercial casinos open. Ayako Nakayama, chief executive of the Japan Integrated Resort Association (JIRA), discusses the current state of affairsCan you begin by giving us an update on the progress of regulations? Has everything remained on schedule? Integrated resorts (IR) legislative progress has been progressed almost according to schedule. Basic regulations, together with the Japanese Casino Regulatory Commission Preparation Office, were launched in 2019, with an official launch early this year. [Editor’s note: since this interview, it appears the official launch has been pushed back, possbily due to an alleged briberly scandal] Osaka, one of the leading candidate locations, started the request for proposal (RFP) process in December 2019 and other locations will most likely follow in starting their own RFPs in early to mid-2020.The formation of the Casino Management Committee is now set to be finalised by the end of January 2020, which appears to be around six months later than originally planned. How transparent has the government been as to why this was? Can you explain why it has taken longer than anticipated? The delay was caused due to the national Upper House election, which took place in July 2019. During the election, IR-related processes were suspended. Based on JIRA’s understanding, the industry sees this as minor delay which was inevitable due to the national political event. As head of the Japanese Integrated Resort Association, what is your view on the government’s handling of the entire regulatory process? Although JIRA is not in a position to evaluate the validity of the regulatory process, it appears to have gone as expected. That said, the dynamics of the IR space have been changing day by day. There are two different government bodies that will regulate and manage Japanese IR. First is the Japan Casino Regulatory Commission, which handles casino and IR operators. Second is International Tourism Board, which operates under the MLIT (Ministry of Land, Infrastructure, Transport and Tourism). This organisation handles non-gaming aspects such as choosing the locations of the resorts. These new dynamics will influence the future of Japanese IR, and JIRA will continue to work to assess and understand its fundamental structure to collaborate and achieve our objectives to create a strong industry.Do you feel that appropriate responsible gambling safeguards are being developed in tandem with the regulations? Do you feel the entry fees for residents and mandated RG programmes are sufficient? Current responsible gaming controls that have been published are only for basic requirements, which were set at the early stage of the regulatory process. JIRA and related organisations in the industry are waiting for more details of specific regulations. Japan has other forms of gambling besides casino, such as government-controlled offerings including horse racing, motor boat racing and Pachinko, which are already subject to responsible gambling safeguards. These will remain important elements to consider in the development of responsible gambling strategy in the country.The validity of such responsible gambling countermeasures is difficult to assess at this moment, yet it’s certain that this area could have a major potential impact in industry perception. It must be considered very carefully for further discussion, from topics such as the application of technology to region-specific measures. How is JIRA looking to influence and coordinate members’ social responsibility strategies? JIRA is taking an initiative to facilitate social responsibility through sustainable development goals (SDGs).SDGs are one of the widely understood concepts across many industries in Japan and internationally. We think this concept could help communicate integrated resorts’ potential social responsibility efforts with various industries, as well as to citizens.  JIRA will continue to support the concept of SDGs so that more companies in the industry implement such concepts in both the private sector’s development plans, and in the location requirement plans.Looking at other jurisdictions that have established integrated resorts, such as Macau and Singapore, how is JIRA (and the prospective IR operators) working to understand what has worked and what hasn’t there? The Japanese government put specific requirements and regulations which IR operators must comply with to bid for casino/IR licences in Japan. Based on the previous and ongoing processes of the government’s research and consideration, international gaming/IR practices have been evaluated and assessed to create the ‘Japan way’ of regulation. From JIRA’s perspective, we respect such processes yet we are aware of future international perspectives which the government needs to take into account. JIRA will work with its stakeholders to accommodate such perspectives.  After Hokkaido said it would not immediately push for a resort as a result of concerns of its impact on the local environment, are you concerned that other potential locations may follow? How can operators, the government and JIRA address these concerns? Hokkaido’s withdrawal from the IR race could influence other locations in terms of the risk attached with the municipality’s decision-making processes. Hokkaido’s regional diet has a majority of Liberal Democratic Party members – which is the current ruling party of Japan – yet the governor decided not to pursue one of the three licences due to environmental concerns. This illustrates the potential complications caused by regional politics in Japan.What happens next in the process? Do you feel the first venues will be completed by 2024-25 as previously stated? After the establishment of the Japan Casino Regulatory Commission on 7 January, the rest of the year will see most regional cities interested in integrated resorts start RFP processes. This will begin around April, with operators selected in order to develop a proposal to submit to MLIT by July 2021.The first phase of Japan IR will have up to three venues licensed, which will open around 2026. It’s been said that the opening of the integrated resorts will see Japan quickly become one of the biggest gambling markets worldwide. Do you agree? JIRA agrees that the Japanese market has significant potential, with some of the most modern facilities in the world and billions in investment helping it attract a large number of tourists to the country. That said, Japan will soon face international competition that will challenge the market. The requirement for cultural elements in the resorts will make the venues unique from other facilities around the world.From JIRA’s perspective, the ability of Japan IR to attract VIP customers will also be a crucial aspect for its success in the world market. I personally believe the real market strength of Japan IR can only be evaluated several years after the market opens. As the Japan IR Association, we would like to make as much effort to ensure the future market and Japanese resorts are among the leading destinations worldwide.Ayako Nakayama has engaged in a wide range of integrated resorts industry initiatives, including the establishment of Japan IR Association for the purpose of building and promoting the sector. JIRA aims to initiate cross-border collaboration within and outside the industry, both domestically and internationally, with Nakayama, its chief executive, delivering many lectures about Japan IR at various international conferences. 27th February 2020 | By Stephen Carter Email Address Japan joins the fray Casino & games Topics: Casino & gamescenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Asia Japan One of the most anticipated events of the year will be the process to select the operators and cities for Japan’s three integrated resorts, which will see the country’s first commercial casinos open. Ayako Nakayama, chief executive of the Japan Integrated Resort Association (JIRA), discusses the current state of affairs Subscribe to the iGaming newsletterlast_img read more

XLMedia to reduce headcount in strategic overhaul

first_img XLMedia to reduce headcount in strategic overhaul Tags: Online Gambling XLMedia has concluded a strategic review that will see the affiliate marketing business “streamline” a number of roles and functions across the business, resulting in annual cost savings of more than $5m (£4.1m/€4.6m).While the business did not provide any indication on how many roles would be cut – and how many staff let go – as part of this process, it said the restructuring reflected its focus on four short-term investment priorities.This will see XLMedia enhance its operating model to support future growth, as well as using data and programmatic learning to improve customer experience. It will also look to expand its US sports and personal finance businesses by investing in infrastructure and additional resource, supported by M&A, as well as expanding its existing verticals into new markets.These priorities in turn will see the business look to use more automation and outsourcing, and increase its editorial output.This restructuring has already seen Sarah Clark, who joined XLMedia in February as chief transformation officer, appointed chief operational officer. Clark will focus on developing the company’s strategy, evolving the shared services model and driving operational efficiencies.Meanwhile, Xen Lategan will serve as an interim technology consultant, with a remit of supporting the re-platforming of de-ranked websites and overseeing the re-organisation of the technology group.Some 107 XLMedia sites were demoted in Google’s search rankings in January of this year, with the affiliate group saying that the demotion was done manually.“I joined XLMedia with the clear intention to orientate the company towards a balanced portfolio of premium branded sites, in verticals and markets that deliver sustainable revenue growth,” chief executive Stuart Simms said of the restructuring.“To support this transformation, we have been working diligently to augment our leadership team and operating structure, as well as to right-size the resources required for our business to operate most efficiently.”XLMedia said the changes would result in more than $5.0m in annual savings, but added that the savings in 2020 would be largely offset by investments.“Our transformation plan continues to gather momentum, and I am pleased to share our progress with all our major stakeholders, alongside welcoming new talent to the business,” Simms said.The announcement also comes after XLMedia last month reported a 14.8% year-on-year revenue in 2019 to $79.7m, while an $81.4m impairment loss meant the group made an overall net loss for the year. Topics: People Strategy People 11th May 2020 | By contenteditorcenter_img XLMedia has concluded a strategic review that will see the affiliate marketing business “streamline” a number of roles and functions across the business, resulting in annual cost savings of more than $5m. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Subscribe to the iGaming newsletterlast_img read more

Betclic scores exclusive partnership with French Ligue 1

first_img Betclic Everest Group has struck a deal for its Betclic brand to become the official sports betting platform for the French Ligue 1 and Ligue 2 club football competitions. Betclic Everest Group has struck a deal for its Betclic brand to become the official sports betting platform for the French Ligue 1 and Ligue 2 club football competitions.The agreement, brokered with the La Ligue de Football Professionnel (LFP), will begin in the 2020-21 season and run to the end of the 2022-23 campaign.Betclic will run a series of activites across online and social media platforms, as well as at matches, to promote the partnership.“These two competitions are very popular among our players,” Betclic Everest founder and managing director Nicolas Béraud explained. “Ligue 1 in particular is the competition on which Betclic takes the most bets.”“The offer that we are going to deploy as part of this partnership will allow all French football fans to live their passion even more intensely.”LFP executive director general Didier Quillot added: “The arrival of this new partner demonstrates the attractiveness of our two competitions. Alongside Betclic, a modern company with a strong appeal to [a young adult demographic], we have found the best partner to support us in our recruitment and digital engagement challenges.”Both Ligue 1 and Ligue 2 concluded their 2019-20 seasons early, after French Prime Minister Édouard Philippe in April announced a ban on sporting events until September due to the novel coronavirus (Covid-19) pandemic.Paris Saint-Germain, which led Ligue 1 by 12 points, was declared champion of the top division, while Lorient was announced as the winner of Ligue 2. 1st July 2020 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Marketing & affiliates Regions: Europe Western Europe Francecenter_img Email Address Topics: Marketing & affiliates Sports betting Subscribe to the iGaming newsletter Betclic scores exclusive partnership with French Ligue 1last_img read more

Stats Perform adds integrity services to Aus basketball deal

first_img Regions: Oceania Australia Topics: Marketing & affiliates Sports betting Marketing & affiliates Email Address 13th July 2020 | By contenteditor Subscribe to the iGaming newslettercenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Stats Perform is to provide integrity services to Australia’s leading basketball competition in an expansion of their exclusive partnership.Stats Perform has extended its betting data and streaming partnership with the National Basketball League (NBL), and will now also become an official integrity partner. The supplier’s integrity operations team will support the NBL in aiming to prevent match manipulation and betting fraud through monitoring and intelligence.Alex Rice, Stats Perform chief rights officer, said: “Few global basketball leagues can rival the NBL’s atmosphere, quality and entertainment.“We’re honoured to have been trusted to safely deliver high quality NBL betting experiences to their growing global audience for a number of years. In that time we’ve seen the competition and our partnership go from strength to strength, and we’re excited to continue working together to drive future growth.”The announcement of the deal comes within days of new partnerships with Norsk Tipping, Cricket South Africa, US Soccer and DraftKings. Chicago-based Stats Perform also counts Spain’s La Liga, France’s Ligue 1 and WTA Tennis among its clients.“The NBL is almost unrecognisable from when we first started working with Stats Perform but whilst many things have changed our need for a trusted partner to safely manage and grow our betting rights distribution has stayed the same and we’re very pleased to renew our partnership,” NBL chief commercial officer Brad Joyner said of the deal.Image: © Justin Smith / Wikimedia Commons, CC-By-SA-3.0 Stats Perform adds integrity services to Aus basketball deal Stats Perform is to provide integrity services to Australia’s leading basketball competition in an expansion of their exclusive partnership.last_img read more

Mystery Museum by Push Gaming

first_img27th July 2020 | By Aaron Noy Casino & games Topics: Casino & games Slots AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Mystery Museum by Push Gaming This game takes players on a mysterious tour of a museum that’s filled with historic artefacts and stories of the past. Explore all the relics in the museum, and enjoy the exciting game features that are available for an unforgettable adventure. This game takes players on a mysterious tour of a museum that’s filled with historic artefacts and stories of the past. Explore all the relics in the museum, and enjoy the exciting game features that are available for an unforgettable adventure.You can play a demo of this game here!You can download the affiliate pack to write a review of this slot from First Look Games here! Subscribe to the iGaming newsletterlast_img

Genting Malaysia slips to MYR1.4bn loss in first half

first_img1st September 2020 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The Genting Malaysia division of conglomerate Genting Group has posted a loss of MYR1.4bn (£371.0m/€416.8m/$499.9m) for the first half of the year, due to the temporary closure of its leisure and hospitality facilities as a result of the novel coronavirus (Covid-19) pandemic.Revenue in the six months to 30 June amounted to MYR2.1bn, which was 61.2% lower than MYR5.34bn in the corresponding period last year.Genting said that it saw a 64.3% drop in revenue from its leisure and hospitality facilities in Malaysia, with the closure of sites due to Covid-19 pushing revenue down to MYR1.31bn.In line with Malaysian government orders, Genting closes all of its sites in the country on 18 March, and did not resume operations until 19 June. However, all of its locations in Malaysia continue to run at a reduced capacity, with Genting saying this is likely to impact its performance in the second half.Genting also included its activities in other regions as part of its wider Malaysian business, revealing that leisure and hospitality revenue in the UK and Egypt was down 51.8% to MYR404.4m, again due to the temporary closure of casinos from mid-March to mid-August.Meanwhile, the temporary shutdown of its casino properties in the US and the Bahamas meant leisure and hospitality revenue in these regions fell 61.2% to MYR289.1m in H1.Genting recorded property revenue of MYR40.1m in H1, 20.3% lower than the prior year, while investment and other revenue fell 18.5% to MYR29.9m.Adjusted loss before interest, tax, depreciation and amortisation (LBITDA) stood at MYR130.8m, compared to MYR1.40bn in positive EBITDA at the same point last year.Pre-operating expenses amounted to MYR40.8, down from MYR144.7m in 2019, while the operator also noted MYR361.1m in impairment losses and MYR71.5m in redundancy costs for the period.After accounting for these costs, LBITDA totalled MYR608.2, a stark contrast to MYR1.34bn in earnings during H1 last year.Depreciation and amortisation costs were up 8.7% to MYR562.4m, while finance costs hiked 61.3% to MYR203.9m, and the operator also recorded a MYR178.7m loss from an associate.This meant that loss before tax amounted to MYR1.49bn, compared to a profit of MYR758.8m in 2019. Though Genting did receive MYR114.0m in tax benefits, it still posted a net loss of MYR1.38bn for the first half, compared to a MYR565.2m profit last year.As a result of the negative results in H1, Genting said it will “maintain a cautious stance” on the near-term prospects of the leisure and hospitality industry both in its native Malaysia and its other operating regions.“The tourism, leisure and hospitality and gaming industries are among the sectors hardest hit by the pandemic,” Genting said. “As the Covid-19 situation continues to evolve, pandemic-related fears and uncertainty may result in the slow recovery of this sector.”Looking more closely at the second quarter, revenue plummeted by 95.6% from MYR2.60bn to MYR114.9m, with the operator again citing the impact of casino closures as the reason for this.Malaysia leisure and hospitality was down by 95.3% to MYR82.2m, while UK and Egypt revenue fell 92.1% to MYR33.2m, while US and Bahamas activities led to a MYR31.6m loss.Adjusted LBITDA totalled MYR486.2m, compared to MYR711.5m in earnings last year, while LBITDA after other income and costs, including MYR71.5m spending related to redundancy, stood at MYR593.4m.Loss before tax amounted to MYR1.04bn, a significant drop from MYR476.2m in profit in Q2 of 2019, and after receiving MYR121.3m in tax benefits, this left the operator with a total loss of MYR 923.2m for Q2, compared to a MYR403.1m profit last year.“Whilst the group is encouraged by the resumption of its business in Malaysia and the UK, uncertainties surrounding the full impact of the pandemic on the group’s operations and financial performance remain,” the operator said.“The board wishes to caution that the group expects its financial results for the financial year ending 31 December to be adversely impacted.”The news comes after Genting’s Singapore subsidiary last month also posted its results for the second quarter, during which revenue was down by 94% year-on-year to SgD41.3m, with the closure of casinos in the country leading to a SgD$163.3m net loss for the period. The Genting Malaysia division of conglomerate Genting Group has posted a loss of MYR1.4bn (£371.0m/€416.8m/$499.9m) for the first half of the year, due to the temporary closure of its leisure and hospitality facilities as a result of the novel coronavirus (Covid-19) pandemic. Casino & games Topics: Casino & games Finance Email Address Subscribe to the iGaming newsletter Genting Malaysia slips to MYR1.4bn loss in first halflast_img read more

Iowa breaks handle record for fourth straight month in December

first_img Regions: US Sports betting revenue declined month-on-month in December 2020 but was up 159.9% year-on-year, as stakes hit a record high for the fourth consecutive month thanks to new highs in both online and retail spending. Online again made up the majority of revenue, at $4.6m, which was down from November but up 156.3% from December 2019. This came on stakes of $78.1m, which was also a new record and up 133.5% from the previous year. 8th January 2021 | By Daniel O’Boyle Iowa breaks handle record for fourth straight month in December The $7.5m in revenue came on handle of $104.8m, up 76.7% year-on-year and 20.2% from last month’s record. Read the full story on iGB North America. Retail revenue, meanwhile, remained stable month-on-month at $2.9m and was up 31.8% compared to the year before. Retail handle also set a new record at $26.7m, up 3.5% from December 2019, which held the previous record.center_img Topics: Finance Sports betting Online sports betting Retail sports betting Sportsbook Tags: DraftKings William Hill FanDuel Email Address Sports betting Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more