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Delaware North and Miomni Gaming partner to offer turnkey retail and mobile sports wagering services

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Delaware North and Miomni Gaming partner to offer turnkey retail and mobile sports wagering servicesReading Time: 4 minutes

 

Global hospitality company Delaware North expanding B2B services to include turnkey omnichannel gaming for U.S. casino operators seeking brand participation in the sports betting market.
Miomni Gaming’s betting technology and mobile app will first be launched at Delaware North’s two West Virginia casino resorts, Wheeling Island and Mardi Gras

 

Delaware North, a global leader in hospitality that also owns and operates a portfolio of regional casinos, today announced it has partnered with Miomni Gaming, a leading provider of U.S. mobile sports wagering technology, to provide turnkey retail and mobile sports wagering services.

The two companies will first focus on launching retail sportsbooks and online sports wagering services this fall for Delaware North’s two West Virginia casinos, Wheeling Island Hotel-Casino-Racetrack in Wheeling and Mardi Gras Casino & Resort near Charleston. West Virginia is one of only a few states to have authorized sports wagering.

The Delaware North and Miomni partnership will create the exclusive sportsbook technology platform for Delaware North’s gaming properties in states where sports wagering is or becomes legal. Currently, Delaware North operates gaming properties in Arizona, New York, Illinois, Ohio, West Virginia and Arkansas. The two companies will also provide a turnkey sportsbook technology solution to other U.S. casino operators.

“In working with Miomni, a recognized expert firm on the technology side, Delaware North is uniquely positioned to become a leader in the emerging sports wagering sector in the United States,” said Brian Hansberry, president of Delaware North’s gaming business.

“We are a hospitality business with operations in nearly 40 states. We have extensive regulated gaming expertise and experience, both through our own holdings and as a business-to-business services provider for our partners. Leaders in West Virginia were proactive in positioning the state for sports wagering, so Delaware North, with two casinos in West Virginia, is now very much part of a first wave of operators. We think that this unique positioning – combined with our professional sports relationships, our ownership and operation of TD Garden in Boston, and our significant hotel and restaurant holdings –will entice other casino companies to want to explore the opportunities this partnership can present them,” Hansberry said.

Delaware North made its first foray into the digital entertainment space in 2016 with the acquisition of Ruby Seven Studios, and today acts as a turnkey business-to-business online social casino provider for several leading U.S. casino operators.

“The partnership with Miomni will allow us to serve a new market of casino operators anxious to benefit from gaming expansion cost-efficiently, while increasing the visibility of their brand, deepening their customer relationships and enhancing the quality of their service offerings,” said Luisa Woods, Delaware North’s vice president of marketing for its gaming division.

Woods, who joined the company in late 2017, bringing two decades of online gaming experience in overseas and U.S.-regulated markets, is spearheading the sports wagering initiative for Delaware North.

“We are ideally positioned to be a principal architect in the evolution of gaming entertainment in the United States,” Woods said. “We are focused on delivering on the promise of integrated destination entertainment and convenience gaming.”

Miomni has been a leading online and mobile sports betting platform provider in Nevada since 2012, providing sports wagering technology to more than 50 leading casinos in the state.

“We are proud and excited to be working in partnership with Delaware North,” Miomni CEO Mike Venner said. “Miomni is the chosen technology provider behind many of Nevada’s leading online sportsbooks because we designed the platform to be flexible, easy to use and reliable, with innovative features designed specifically to engage and entertain U.S. sports fans. This partnership is the perfect fit from our perspective as we share a vision of delivering a world-class gaming experience.”

At the two West Virginia casinos, Delaware North has created sportsbook spaces with flexible configurations and high visibility. The design and amenities foster a casual sports bar atmosphere with social seating and proximity to food and beverage options, including bars. The casino sportsbooks will offer a robust event calendar focused on major sports events.

“It all adds up to a high-energy, high-participation atmosphere,” said Kim Florence, regional president and general manager for both Wheeling Island and Mardi Gras. “We think this will become a great draw to bring people from across the state and outside of West Virginia to experience these exciting resorts.”

 

About Miomni
Miomni is a multinational corporation that delivers technology solutions to some of the biggest companies in the world. Miomni specializes in the design, development and deployment of multiplatform applications plus the global delivery of big data and rich content and licenses cutting edge race, sports and casino betting technology and knowhow. Miomni’s technology has been approved by the Nevada Gaming Control Board and is currently being used by some of the largest casino groups in the state. Learn more at www.miomni.com.

About Delaware North:
Delaware North is one of the largest privately held hospitality and food service companies in the world. Founded in 1915 and owned by the Jacobs family for more than 100 years, Delaware North has global operations at high-profile places such as sports and entertainment venues, national and state parks, destination resorts and restaurants, airports, and regional casinos. Our 55,000 employee associates are dedicated to creating special experiences one guest at a time in serving more than a half-billion guests annually. Delaware North operates in the sports, travel hospitality, restaurant and catering, parks, resorts, gaming, and specialty retail industries and has annual revenue of about $3 billion. Learn more about Delaware North, a global leader in hospitality and food service, at www.DelawareNorth.com.

 

Source: Delaware North

Source: Latest News at European Gaming Media

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Lotto Warehouse strikes landmark deal with Betsson

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The Betsson family of brands will soon offer its customers access to the world’s biggest and best lottery jackpots, perfectly complementing their extensive portfolio of Sports Betting, Casino, Poker, Bingo and other games.

This deal is truly a significant one for Lotto Warehouse as it sees the Nasdaq Stockholm listed company, and one of the largest companies within the European iGaming industry, embracing the potential of the lottery vertical.

Lotto Warehouse CEO Thomas Biro said: “Betsson are a hugely respected operator and we are pleased they saw the great potential of our offering.”

“We wanted to revolutionise one of the oldest gaming industries whilst giving players the opportunity to dream big. Today’s players are discerning ones – they want choice and they want customization. Lotto Warehouse offers all that and more by breaking down borders and offering the world’s biggest lotteries in one place.”

Mark Adams, General Counsel for The Multi Group, “Absolutely delighted that we have reached an agreement to provide services to Betsson Group. Both the legal and commercial teams have done an outstanding job to bring this deal together.”

Joey Hurtado, Head of Gaming for Betsson Group added: “After a thorough search and review of different lottery providers, we felt that Lotto Warehouse’s great UI, excellent offering and outstanding business models were the best fit for Betsson Group and our players.”

Lotto Warehouse are a B2B Lottery Betting provider for the iGaming industry. They are licensed by both the Malta Gaming Authority and the British Gambling Commission and offer operators the chance to add a catalogue of the world’s biggest lottery betting products to their platforms, with all higher tier payouts protected by their unique jackpot indemnity insurance model. They are a subsidiary of New York Stock Exchange listed online sports lottery service provider 500.com (NYSE: WBAI) and their extensive client list now also proudly includes Betsson.

If you too want to learn more about this exciting new vertical that you can offer your customers, why not set up a meeting with Lotto Warehouse at Sigma by email to info@lottowarehouse.com. It’s time to let your customers dream big!

Source: Latest News at European Gaming Media

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UK Gambling Commission appoints Dr Anna van der Gaag as Chair of the Responsible Gambling Strategy Board

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UK Gambling Commission appoints Dr Anna van der Gaag as Chair of the Responsible Gambling Strategy BoardReading Time: 2 minutes

 

Dr. Anna van der Gaag CBE has been appointed as the new Chair for the Responsible Gambling Strategy Board (RGSB) – the Gambling Commission’s expert advisors on the research, education and treatment required to reduce gambling-related harms.

Anna will join RGSB as a member with immediate effect and will take on the role of Chair to succeed Sir Christopher Kelly, whose term as RGSB chair comes to an end in March 2019. Anna is a Visiting Professor of Ethics and Regulation at the University of Surrey and she’s held regulatory roles in the health, social care and legal sectors. Anna also has a particular interest in how regulators can be proactive in the prevention of harm.

Bill Moyes, Gambling Commission Chair said: “It is with pleasure that we announce Dr Anna van der Gaag as the new Chair of RGSB. She brings with her a wealth of experience in health, social care and the prevention of harm that will be an asset in advising on how to implement the next National Strategy, which will launch in April 2019 and on which we will shortly be consulting.”

Dr Anna van der Gaag, speaking about her appointment said: “Gambling-related harms are increasingly recognised as a public health issue requiring robust collective action. I am thrilled by this opportunity to join a team with such a passionate commitment to understanding and reducing harms and raising awareness of the personal and societal costs that can arise from gambling activities.”

Sir Christopher Kelly said: “I am delighted to welcome Dr Anna van der Gaag as my successor. Anna’s strong background in research and regulation provides a solid foundation to provide authoritative advice on the next strategy and to achieve our aim – to reduce the impact of gambling-related harms, especially among the most vulnerable.”

Formerly Chair of the Health and Care Professions Council, she is a non-executive director at Health Education England and the Kent Surrey and Sussex Academic Health Science Network and a founding member of the Q Community, a quality improvement network led by the Health Foundation. She was awarded the CBE for services to health and care in 2015.

Source: Latest News at European Gaming Media

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Zeal Network SE Announces Takeover Offer For Germany’s Largest Private Digital Lottery Broker Lotto24 AG

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Zeal Network SE Announces Takeover Offer For Germany’s Largest Private Digital Lottery Broker Lotto24 AGReading Time: 5 minutes

 

  • The transaction will create a digital lottery group with currently more than 5 million combined customers globally, current combined billings of about EUR 500 million, and a diverse international footprint
  • The combined group will build on the existing position of Lotto24, discontinue the German secondary lottery business of Tipp24 and transform it to a locally licensed online broker. The companies jointly aim to accelerate growth of online brokerage in the EUR 8.7 billion German lottery market
  • The all-share takeover delivers significant benefits for shareholders with expected cost synergies of EUR 57 million per year, strong future cash generation, and a reduced risk profile
  • The transaction strengthens the German lottery market and returns to federal states and their lottery beneficiaries
  • ZEAL expects to offer one new ZEAL share for ca. 1.6 Lotto24 shares, reflecting the ratio of the volume-weighted average prices of ZEAL and Lotto24 shares over the past three months
  • ZEAL has secured irrevocable commitments to accept the offer from major shareholders representing approximately 65% of Lotto24 shares

 

ZEAL Network SE (“ZEAL”) announced an all-share voluntary takeover offer for Germany’s largest private digital lottery broker, Lotto24 AG (“Lotto24”). On completion, the transaction will create a digital lottery group with currently more than 5 million combined customers globally, current combined billings of about EUR 500 million, and a diverse international footprint.

In the context of the deal, and consistent with its renewed strategy to de-risk its business model and focus on locally-licensed businesses, ZEAL intends to transform its German secondary lottery business into a locally licensed online brokerage model after reacquiring control of its myLotto24 and Tipp24 subsidiaries and, in due course, to relocate ZEAL to Germany. The transaction will significantly strengthen the German lottery market and expand returns to federal states and their lottery beneficiaries.

 

A strong platform for accelerated growth and shareholder value creation

The transaction combines the strong balance sheet, high-quality loyal customer base, and technological capabilities of ZEAL with the proven expertise of Lotto24 in the German lottery brokerage market. The enlarged Group will be in a unique position to accelerate online brokerage growth in the German lottery market.

The Group will also continue to pursue its international growth ambitions, building on the existing, diverse international portfolio (UK, Ireland, Spain, Norway, and Netherlands) and global development pipeline of ZEAL, with the aim of creating long-term growth and sustained shareholder and customer value.

ZEAL believes that the change to its business model in Germany will deliver significant benefits to ZEAL shareholders in the medium term as a result of reduced operational, tax and regulatory risk as well as improved growth potential. As part of the business model change, ZEAL has taken the decision to discontinue certain products and to focus on less volatile brokerage income in the German market, resulting in net annual run-rate revenue dis-synergies of ca. EUR 107 million, which is expected to be compensated for over time through accelerated growth of the enlarged Group. The combination with Lotto24 is also expected to deliver annual run-rate cost synergies of c. EUR 57 million through greater platform efficiencies and significant reductions in other operational costs. Further details of these revenue dis-synergies and cost savings are set out in Appendix A to this announcement.

In addition, ZEAL management has identified further cost savings of approximately EUR 4 million, which do not arise as a consequence of the transaction and sees additional potential future upside.

 

Dr Helmut Becker, CEO of ZEAL, said:“ZEAL will reunite with Germany’s largest digital lottery broker. We will have a significantly enlarged, loyal customer base, strong technology and marketing platforms, and an exceptionally experienced team. Together with our plans to regain control of Tipp24 and transform its German business models, this puts us in an excellent position to accelerate online growth in both the EUR 8.7 billion German lottery market and EUR 270 billion global lottery sector – as a locally-licensed broker, licensed operator, and lottery investor. This transaction is good for shareholders, good for customers, and good for the German federal states and their lottery beneficiaries. We have held initial, constructive conversations with Lotto24 and look forward to further engaging with the management to achieve a successful combination of the businesses. We also look forward to a successful and constructive cooperation with Germany’s state lotteries and invite all shareholders to join us on this journey.”

 

Since its IPO on the Frankfurt Stock Exchange in 2012, Lotto24 has grown rapidly. In 2017, Lotto24 generated billings of EUR 220.7 million and revenues of EUR 25.2 million. In October 2018, Lotto24 upgraded its full year guidance, anticipating billings’ growth of between 38% and 43% for 2018. In the first nine months of 2018, the company increased billings by 43% to EUR 235.9 million, revenues grew almost 50% to EUR 28.1 million, and the total number of registered customers rose by 36% to 2.04 million.

ZEAL has nearly two decades’ experience as an online lottery operator, reseller and investor. In 2017, ZEAL delivered billings of EUR 280.5 million and revenues of EUR 134.3 million. In the first nine months of 2018, billings increased 5% to EUR 212.4 million, revenues rose by 19% to EUR 111.2 million, and the number of new customers grew by 54%, taking the total number of registered customers of the Group to more than 3.5 million.

 

Transaction supported by major Lotto24 shareholders

ZEAL will offer Lotto24 shareholders the opportunity to exchange their Lotto24 shares for shares in ZEAL. The offer consideration will reflect the ratio of the volume-weighted average share prices of both Lotto24 and ZEAL over the past three months before announcement of the transaction. Subject to the final determination of the minimum prices required by law and the final terms set forth in the offer document, ZEAL intends to offer one new ZEAL share as consideration in exchange for each ca. 1.6 tendered shares of Lotto24. Independently of the offer, ZEAL expects to pay an ordinary interim dividend ofEUR 1.00 by year-end 2018.

 

In a clear statement of shareholder support for the deal, ZEAL today entered into irrevocable tender agreements with major shareholders of Lotto24, namely with Günther Group, Working Capital and Jens Schumann. They represent approximately 65% of the shares and voting rights in Lotto24. By entering into the tender agreements, these shareholders have undertaken to tender their shares in Lotto24 into the offer.

 

Jonas Mattsson, Chief Financial Officer of ZEAL“We believe this deal creates significant value for ZEAL and Lotto24 shareholders. The future growth prospects, significant reduction of regulatory risk and the related uncertainties, and EUR 57 million of annual cost synergies make the combined group a highly attractive long-term investment proposition. With our shared history, we are confident of achieving a seamless integration of both companies. Weencourage all holders of Lotto24 and ZEAL shares to follow the major shareholders and take part in the offer.”

 

The offer will be made in accordance with the conditions to be set forth in the offer document, among others a minimum acceptance rate of 50% plus one share of Lotto24. Further details of the offer and its terms, including the acceptance period, will be contained in the offer document. ZEAL expects that the offer document will be published on the website www.zeal-offer.com at the beginning of 2019.

An extraordinary general meeting of ZEAL is expected to be held at the end of December 2018, at which ZEAL will ask its shareholders to approve the offer, including the acquisition of Lotto24 shares from certain members of the Supervisory Board of ZEAL or persons connected with them, and authorise the Executive Board to allot a number of shares as required to fund the offer. As Günther Group has made it a condition to its tender agreement with ZEAL that it will not, as a consequence of the offer, be subject to a legal obligation to make a general offer for the shares in ZEAL which it does not own at that time, ZEAL will furthermore propose a resolution to its shareholders (other than Günther Group and persons acting in concert with Günther Group) to approve the waiver of such obligation granted by the Panel on Takeovers and Mergers. The ZEAL shareholder approvals will be a condition for ZEAL to publish the offer document.

Discussions with the German gambling regulatory body about the future licensing arrangements for the enlarged Group have already been initiated. ZEAL expects to complete the transaction in the first half of 2019.

Source: Latest News at European Gaming Media

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