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The RISQ igaming insurance platform (iGiP) pays out record £25m jackpot

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RISQ igaming insurance platform (iGiP) pays out record £25m jackpotReading Time: 2 minutes

 

RISQ, the leaders in insurance-backed acquisition and retention services for the igaming industry, have announced their first £25m jackpot winner via the sweepstake and contests platform, Happy Pay.

The lucky winner of this life-changing prize entered the free-to-play prize draw via one of Happy Pay’s popular portfolio of promotional jackpot products, available across a range of assorted ecommerce websites.

Since partnering with RISQ over a year ago, Happy Pay’s clients have reported significant boosts in daily entrants due to increased jackpot sizes, whose levels RISQ has escalated by over 150%, proving their worth as a driver of traffic, player-engagement and sales across all platforms and devices.

RISQ’s insurance-backed solution enables the creation of non-networked prizes across a wide range of game types and channels. This diverse and tailored jackpot provision adds real substance and value to a company’s product offering and marketing campaigns, as evidenced by RISQ’s wide scope of B2B partnerships.

It’s the latest application from RISQ, whose leading igaming insurance platform is creating new levels in player acquisition and retention via its scalable jackpots of up to £150m. These flexible solutions offer operators and platform-providers access to some of the biggest payouts in the industry.

RISQ’s B2B Director, Tom Mitchell, said the record £25m jackpot provided ready proof of RISQ’s unique ability to pay out promptly on even the biggest industry jackpots, thanks to their contracts with A-rated reinsurers.

Mitchell said: “As volumes increase on our insurance platform (iGiP), jackpot payouts will become more and more frequent. Ultimately, in the event of any jackpot win, our clients rely on our ability to pay out quickly and with no hidden complications.

“I certainly feel that we have proven this capacity with Happy Pay. As we grow and develop, our goal is for the platform to give clients access to any winnings within 24 hours. By continuing to improve our technology, processes and reinsurance contracts, I believe that this is a realistic target.”

 

About RISQ:

RISQ’s iGaming insurance Platform (iGiP) creates new levels of player acquisition and retention with scalable jackpots and high limit bets. These flexible solutions offer operators and platform-providers access to some of the biggest non-networked jackpot payouts in the industry. RISQ also provide ancillary coverage for betting-on-lottery platforms up to £150m (featuring national, state and provincial lottery betting) as well as free-to-play sports predictor games for event-based competitions. RISQ’s insurance platform is backed by a team of innovative and experienced professionals in both risk and sporting analytics, leveraging over a dozen insurance markets, including Lloyd’s of London and their affiliates.

 

Source: Latest News at European Gaming Media

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Integration of EGT Global Jackpot with Winbet and Club King Marks Great Success

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Integration of EGT Global Jackpot with Winbet and Club King Marks Great SuccessReading Time: 1 minute

 

The EGT Global Jackpot’s integration with Winbet and Club King has achieved success through offering entertainment and winnings for both operators and players.

The operators’ success and players’ entertainment are always the core objectives of EGT sales, development and production teams. When innovation joins these approaches, EGT solutions are the reliable choices for winning businesses.

EGT supports the operators to make proposals to its customers they couldn’t refuse, with the integration of the EGT Global Jackpot into their gaming halls. Global Jackpot is developed to connect all slot machines and any type of roulette from all locations of operators across the country. Thus, the total bet generates the possibility of higher winnings compared to those offered by the local jackpots.

At Winbet, the Global Jackpot has been functional since March this year and has brought multiple winnings to the luckiest players. Recently, Club King has also integrated the Global Jackpot in favour of top entertainment and winnings for both operators and players.

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: Integration of EGT Global Jackpot with Winbet and Club King Marks Great Success

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New York State Lottery Reports Record Revenues for the 2018 Fiscal Year

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New York State Lottery Reports Record Revenues for the 2018 Fiscal YearReading Time: 1 minute

 

The New York Lottery has recorded $8.2 billion in sales for the state fiscal year that ended in March 31, 2019. That includes sales from Powerball, Jackpot, Mega Millions, Scratch Off, Quick Draw and other games, plus revenues generated by the state’s licensed video lottery locations.

The video lottery net win for the 2018-2019 fiscal year was $2.08 billion, third largest in the world behind two Italian lottery operators. The combined sales and net win earnings for the last fiscal year are a new record for the New York Lottery. The New York Lottery generated $3.47 billion in aid designated to support the state’s schools.

The lottery revenues are distributed to school districts according to the same formula used for state aid. A larger, poorer district will receive a higher percentage than a smaller, more affluent one. Lottery contributions account for 13% of all state aid to education for 2018-2019.

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: New York State Lottery Reports Record Revenues for the 2018 Fiscal Year

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Spillemyndigheden Introduces Whistleblower Scheme

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Spillemyndigheden Introduces Whistleblower SchemeReading Time: 1 minute

 

Spillemyndigheden, the Danish industry regulator, has launched a new whistleblower scheme for the employees of gambling operators who wish to report evidence of money laundering.

Spillemyndigheden has detailed that employees can report a company’s violation or potential violation of the anti-money laundering legislation to the regulator via a dedicated, anonymous contact form which will then trigger a legal investigation. All submissions will be encrypted to ensure that submissions are secure.

In April, Spillemyndigheden has blocked access to 25 gambling websites after petitioning the country’s telecommunications providers. Danish internet providers have now been obliged to block access to ten igaming sites, in addition to 15 skin betting websites.

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: Spillemyndigheden Introduces Whistleblower Scheme

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