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Russian bookmakers gear up for a 50 per cent rise in betting during World Cup

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The licensed online sports betting operators in Russia are bracing for a 50 per cent increase in the betting activity during the 2018 FIFA World Cup that opens today. However, they are not happy with the government support in their bid to tackle their international rivals.

Last week, Russia’s Deputy Minister of Foreign Affairs Oleg Syromolotov predicted there would be 50 per cent surge in betting activity during the World Cup, in a speech at an anti-sports corruption conference in Vienna.

Russia’s online bookmakers must agree as already there has been increased traffic to betting websites ahead of the World Cup. The government did it bit by slapping new restrictions that barred local financial institutions from processing payments between Russian punters and international gambling sites.

Syromolotov’s optimistic view was echoed by Yuri Krasovsky, president of the First Self-Regulatory Organization of Russian Bookmakers (First SRO), who issued a statement last week saying the new restrictions “will definitely complicate the activities” of non-Russian operators and “increase the inflow” to Russian-licensed sites.

Russia’s official telecom watchdog Roskomnadzor is doing its bit by ramping up its protectionist measures. Roskomnadzor blocked over 9000 online gambling domains in the month of May – around 300 per day – and blocked a further 2640 sites in just the first week of June.

But Krasovsky, who also runs Russian bookmaker Liga Stavok, insisted that the efforts of the Federal Tax Service (FTS) and Roskomnadzor “are clearly not enough” to eradicate foreign competition. (For the record, some 333 non-Russian Liga Stavok domains appear on Roskomnadzor’s naughty list. Just saying.)

Krasovsky wants the government to speed up plans to simplify the convoluted online account sign-up process and to relax rules requiring bookmakers to withhold a cut of bettors’ winnings for tax purposes. Only with this “integrated approach” does Krasovsky see Russian betting sites taking their rightful place as the only viable option for local bettors.

The FTS recently announced plans to “name and shame” both companies and individuals who violate local gambling laws by publishing the identities of offenders online. The new rules would require this info to be published on the government’s official online portal within three days of a conviction being handed down by the courts.

Source: CalvinAyre.com

Source: European Gaming Media and Events

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MGM Ends the Talks to Buy Encore Boston Harbor Casino Resort

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MGM has ended the talks with Wynn Resort to buy the Encore Boston Harbor Casino. The nearly finished property and Wynn Resorts as a whole were roped in a scandal of massive proportions that stemmed from multiple sexual misconduct allegations leveled against the casino operator’s ex-boss and founder Steve Wynn.

MGM said in a statement that they “have noted the anxiety raised by various stakeholders regarding a transaction” and that they think “the best course of action is to discontinue discussions” concerning the opportunity to buy Encore Boston Harbor. The statement further read that the company wishes to have “a positive impact on communities in which we operate.”

Wynn Resorts said in a statement that it has agreed to cease discussions with MGM “after careful consideration.” The company added that it is committed to opening and running the 671-room hotel and casino resort located along the Mystic River in Everett.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: MGM Ends the Talks to Buy Encore Boston Harbor Casino Resort

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Genting Completes the Refurbishment of Luton Casino

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The Genting Group has completed the £750,000 refurbishment works on the Luton Casino. The refurbishment work has been done to make the gaming experience better for visitors. As such, the company worked on remodeling and adding new amenities to the venue including additional facilities at the bar and lounge areas.

Refurbishment includes the increase in gaming space to host additional gaming machines. The number of slot machines at the property has also increased from 28 to 40. New electronic terminals have also been installed.

“We are all incredibly proud to unveil our brand-new refurbishment. We are confident that the changes will offer our valued customers an improved gaming experience, and we are particularly excited about the new poker offering. Customers looking to socialize and meet up with friends at the casino can also enjoy the newly refurbished bar and lounge areas,” James Harvey, general manager at Genting Casino Luton said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Genting Completes the Refurbishment of Luton Casino

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BetMakers Signs Deal with Betgenius

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Global Betting Services, the wholly-owned subsidiary of BetMakers Holdings Limited, has entered into an agreement with Betgenius Limited, the global wagering technology company, for the distribution of its complete racing solution.

Betgenius provides services to over 150 licensed bookmakers in regulated markets around the world with its premium sportsbook management solutions, which includes live data and outsourced trading for pre-match and in-play betting.

The Agreement provides Betgenius customers with access to rich horse racing data via eventlife cycle information, BetMakers’ proprietary fixed pricing and enhanced data packages for around 250,000 races per year includes content from the UK and Ireland, Asia, Australasia, and North and South America.

“Betgenius is a world-wide leader in providing B2B solutions to wagering operators for their sports offering. We are delighted they have chosen BetMakers for their racing solution to offer their clients. This deal allows us to accelerate our racing product and pricing into a range of wagering operators globally and we believe it gives Betgenius clients the best horse racing product in the market, to sit alongside their already established sports services,” CEO of BetMakers, Todd Buckingham said.

“We are always striving to give our partners simple access to high quality content that will drive their turnover and margin, and this deal with BetMakers does exactly that,” Matt Stephenson, Global Partnerships Director at Betgenius said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: BetMakers Signs Deal with Betgenius

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