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Q&A with Simon Dorsen, Director of Gaming at OKTO

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Q&A with Simon Dorsen, Director of Gaming at OKTOReading Time: 3 minutes

 

After another fantastic CEEGC at the end of last month, we sat down with one of our panelists, Simon Dorsen, Director of Gaming at payments specialist OKTO to talk tech disruption, innovation and CEE opportunities.

 

What did you enjoy most at CEEGC?

This was my first time attending the CEEGC and when the team asked me to join a panel on the latest innovations in payments and gaming – I knew I’d be in for an remarkable event. We had a lively fintech discussion on all things blockchain and how mobile payment technologies can spell a new era for betting and gaming.

The content throughout the event was high quality and insightful, along with the attendees, who made my time in Budapest thoroughly enjoyable. I am looking forward to progressing the business relationships we formed during CEEGC into long-standing partnerships.

What lies ahead for OKTO in the CEE betting and gaming scene?

With populations that are growing increasingly tech-savvy and proving to bequick adopters of innovations in mobile technology, Central and Eastern European markets are a major focus for us. The challenge we see in the region – and one that we are well positioned to address – is delivering a mobile, omni-channel payments journey. Gaming and betting are major industries in CEE countries, but at the same time, one where the speed of innovation has not kept pace with advancements elsewhere.

Our OKTO.WALLET is targeted at providing a journey which eases the transition to an entirely paperless retail betting experience. It is clear through discussions at the event that there is real appetite for OKTO’s fully digital solution, which we have tailored to tackle the niche challenges in the region. The next wave of payments disruption is here – and we’re glad to be leading the charge.

What innovation will capture the most attention in 2020?

For OKTOm, the future is absolutely mobile. The wallet revolution has already taken the world by storm, as we see Revolut and Apple Pay achieving high adoption. Gaming and betting operators are now interested to understand how they can leverage our OKTO.WALLET in operations. The next generation of betting customer wants to have the freedom of choice to place their bet both online, via his favorite operators, while also being able to do the same within the shop, through the same payment channel.

We’ve worked hard over the last year to develop a product that, not only reduces cash handling costs, but also speeds up the flow of transactions and delivers a better player experience.

Where do you see an opportunity in the CEE market?

Over the past 10 years, the CEE market has matured immensely, which is largely due the development of formal – albeit fragmented – regulatory regimes. The challenge for operators now lies in navigating the complex web of compliance requirements, whilst at the same time avoiding a fragmented customer journey.

The onboarding process is exactly where payment providers such as us can deliver real benefit. With the relevant licenses to provide an end-to-end service, we enable our partners to unlock a wealth of rich customer data, whilst being fully compliant with local anti-money laundering, data protection and gaming laws. Being able to optimise identification processes in a compliant and cost-effective manner will be a strategic advantage for any business – and that requires state-of-the-art technology and multi-layer security to ensure the process is fast, secure and frictionless for the customer.

Any lessons learned that you’d like to share with others?

The CEE market is diverse, both in terms of customer preferences and different regulatory climates. In this framework, the key is having a payment system that is interoperable across channels, flexible to different environments and can respond to change. Our objective has been to solve the challenges retail operators face today with a solution that is designed for the mobile world.

The region promises to be fascinating in terms of growth, particularly as smart-phone penetration becomes widespread and technological advancements unlock even greater capabilities. It is those that act on mobile innovation now that will become the market leaders of tomorrow.

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: Q&A with Simon Dorsen, Director of Gaming at OKTO

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Caesars and Eldorado Set Date for Shareholders Meetings

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Caesars Entertainment and Eldorado Resorts have announced that they will hold separate shareholder meetings on November 15 to vote on their proposed US$17.3 billion merger.

The meetings will see Caesars shareholders cast their vote at Caesars Palace in Las Vegas from 9 am Pacific Time while Eldorado shareholders will converge on Eldorado Resort in Reno. At stake is one of the biggest corporate gaming industry deals in history, with Eldorado looking to acquire the entire outstanding share capital in Caesars by way of a US$7.2 billion cash payment, 77 million Eldorado common shares and the assumption of Caesars’ outstanding net debt.

If approved, Caesars will merge with Eldorado subsidiary Colt Merger Sub Inc and become a new wholly-owned Eldorado subsidiary existing under the Caesars name.

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: Caesars and Eldorado Set Date for Shareholders Meetings

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Tom Horn’s Hot’n’Fruity promises classic entertainment with huge winning potential

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Tom Horn’s Hot’n’Fruity promises classic entertainment with huge winning potentialReading Time: 1 minute

 

Watch the winning blaze explode !

Tom Horn Gaming’s new slot game, Hot’n’Fruity, promises to satisfy any craving for a feature-packed, visually attractive gaming entertainment.

In recent months the provider has upped its game, releasing more engaging titles with new innovative features, while still keeping classic player experience alive. This well-balanced combination of new ideas, presented in the form of game mechanics, and a tried and tested game concept, theme or visual is reflected also in Hot’n’Fruity.

Despite its thematic simplicity, this 5-reel slot is extremely engrossing due to its nifty features and winning rhythm. There are two symbols to look for. A W-star symbol appears anywhere on the screen and acts like a random Wild showering players with unexpected big wins.

R-stars are the ultimate characters to come across in Hot’n’Fruity as they trigger a Respin Wild feature when they land on the 2nd, 3rd or 4th reel. They expand to cover the whole reel, remaining in place while the other reels respin.

This game is sure to award lucky players with many winning opportunities. In addition to a nicely devised winning pattern, the art style is extremely well drawn and quickly pulls players into the settings.

The game is just another fruity slot, but a more inspired, nuanced alternative sure to capture the attention of players in many markets. It is available worldwide from 15th October 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: Tom Horn’s Hot’n’Fruity promises classic entertainment with huge winning potential

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Privatisation of FDJ to Begin in November

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Bruno Le Maire, France’s finance minister, has revealed that the subscription period for Française des Jeux’s (FDJ) initial public offering (IPO) will run from November 7–20. The privatisation of FDJ, the leading operator in Europe, in being anticipated as one of the year’s main highlights.

Bruno Le Maire said that French people and investors will have the chance to subscribe to FDJ shares between November 7 and November 20. He added that the state will not fix a limit for the offering, and that retail investors will get one free share for every 10 shares purchased and a 2% discount on the offer price.

The French state currently holds 72% of FDJ, but after the privatisation, it will only have 20% of the company. Government spokeswoman Sibeth Ndiaye said that the ordinance ends the FDJ monopoly to replace it with a limited-term right, set at 25 years and renewable.

“I hope that this privatisation popularly succeeds with the widest participation possible,” Le Maire said. The minister added that the privatisation will allow the company to develop and reach its full potential.

As part of the privatisation, the French government unveiled the creation of the L’autorité nationale des jeux (ANJ), which will replace L’autorité nationale de régulation des jeux en ligne (ARJEL).

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: Privatisation of FDJ to Begin in November

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