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Casino shares rise after favourable sports betting ruling

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The shares of casino operators rose significantly after the US Supreme Court issued a verdict in favour of New Jersey and removed the federal ban on sports betting.

The share price of Caesars Entertainment Corp, the largest operator of the USA, saw a rise of 9 per cent, while that of Scientific Games, which processes bets for sports book operators, increased by 14.2 per cent.

The share price of MGM Resorts International, the largest owner of casinos in Las Vegas, the only state in the US that could offer legal single-game wagering before the ruling, was up by 3.5 per cent.

Last week, MGM President William Hornbuckle said that they were expecting that in the next two to three years, 10 to 12 states would be ready to fully operate sports betting. “We will be there. We will participate in it. We bring technology. We bring knowledge. And frankly, in this space, we bring trust.”

The company released a statement after the ruling and said: “MGM Resorts International applauds the Court’s decision to allow states the opportunity to protect consumers and benefit the public by regulating and taxing sports betting. We look forward to working with legislators and policymakers to achieve a regulatory outcome that benefits states and consumers alike while ensuring the integrity of sports.”

“Having spent decades building trust with regulators, successfully operating sports books in Nevada, and hosting the world’s leading sporting events, MGM Resorts International is extremely well positioned for a post-PASPA environment.”

However, some of the biggest share hikes were seen among non-US betting parlour and online operators. William Hill, the largest operator from the UK and the company with the biggest number of sports books in Nevada, saw its shares increase 11 per cent. Canadian Stars Group, which operates the PokerStars brand, also saw a 14.3 per cent gain.

Joe Asher, CEO of William Hill US, said that New Jersey’s Monmouth Park is expected to open first, as the company has been building a bar next to the horse-racing track in anticipation of the ruling tor the past five years. “We’re going to get ready to open for business at Monmouth Park as soon as responsibly possible,” he said.

Americans illegally bet at least US$150 billion annually on sports empowered by the Professional and Amateur Sports Protection Act of 1992 (PASPA), the failed federal prohibition on single-game sports betting that was overruled yesterday by the Supreme Court.

Source: focusgn.com

 


Source: EuropeanGaming.eu

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BetConstruct partners with Fazi

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BetConstruct has announced a new partnership with Fazi, an online games developer creating high-quality content in the casino gaming environment.

A wide range of 4,000+ games of BetConstruct Casino Suite is now freshened up with content from Fazi. All the games delivered by the provider are made in HTML5 with full HD graphics. Helping BetConstruct continue delivering diversified content to its partners. The new partnership expands Fazi’s ideas, work and effort in the evolving online gaming industry. Some of the most popular Fazi games such as Roulette, Book of Spells, Turbo Hot 40, Fruits and Stars are now available on BetConstruct Casino platform.

Bojan Mitić, Fazi CEO, said, “We are proud to see Fazi games on one of the most sophisticated platforms in the iGaming industry. We have eagerly anticipated collaboration with BetConstruct – the award-winning developer and provider of online games and a globally recognized company. It is extremely important for us that BetConstruct recognized our quality, uniqueness and innovation and we are confident that Fazi games will be warmly received by players “

Vigen Badalyan, BetConstruct’s Founder & Chief Executive Officer, commented: “We are thrilled to inform that we already partner with Fazi. Fazi’s omnichannel content featuring modern graphics, exciting animations and bonuses will provide a highly interactive gameplay for our operators’ players.”

 

About BetConstruct:
BetConstruct is an award-winning developer and provider of online and land-based gaming solutions with development, sales and service centers in 16 countries.

BetConstruct’s innovative and proven offerings include an extensive range of products and services, including Sportsbook, Sports Data Solutions, Retail Solutions, RNG & Live Dealer Casino, VR Casino, Poker, Skill Games, Fantasy Sports, Social Platform and more. The latest addition is the industry-first complete management infrastructure, SpringBME (Business Management Environment).

All partners benefit from the BetConstruct Spring platform with its powerful back office tools and all-inclusive services that empower operators’ growth and help contain their costs. From stand-alone set up to turn-key and white label solutions, BetConstruct offers its partners unfettered opportunity to succeed.

 

About Fazi:

Fazi is one of the leading online content providers, manufacturers of electronic roulettes and software developers in the Balkans. Fazi was founded in 1991 and ever since the day it was founded until today, the basic principle of the Company’s business has been based on constant growth and development, on the creation of new, innovative products and on conquering new markets.

Fazi Interactive has achieved remarkable success in markets all over the world. Fazi online content is innovative and characterized by modern graphics and quality animation. All the games are made in HTML 5 technology with Full HD graphics. Due to Fazi jackpots, interesting and unique graphics, great themes and great prizes, Fazi games are very popular among players.


Source: EuropeanGaming.eu

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BtoBet’s World Cup Specials: Strategies For Player Acquisition And Retention

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BtoBet’s World Cup Specials: Strategies For Player Acquisition And RetentionReading Time: 2 minutes

Boasting a high level of interest from bookmakers, BtoBet’s Director of the Sports Department, Davide Ruggeri, is of the opinion that the company’s products unveiled and offered to operators prior to the World Cup that will shortly kick off in Russia will deliver a new standard of sports betting, providing the players with distinct options based on varying factors.

Which will be the four nations to play in the Semi-Finals stage? Who will be the referee in charge of the Final? Will it rain? Will a particular team win or lose all the matches at group stage? Will there be a field invasion during the manifestation? How many matches will end goalless in the group stages? Who will be the beast goalie, defender, assist man, or attacker of the tournament?

These are just a few of the infinite variety of bets that BtoBet’s World Cup 2018 Specials will present to the player, with Ruggeri describing the products as “the first step to avoid the usual high churn rate that sees players moving away from betting over the World Cup period”.

Ruggeri stressed that operators should see the World Cup event as a massive opportunity for player acquisition but most importantly for player retention. “It is much less expensive to retain existing customers than it is to acquire new customers. And this can only be achieved by providing them with a tailored offer to catch their attention. It means treating these players as VIP players with the goal to inspire a positive experience from their side.

For a deeper insight download BtoBet’s latest Industry Report, “World Cup: Risks, Challenges and Opportunities for Operators”.

 

About BtoBet:

BtoBet is a multinational company and is part of a group with 20 years of experience in software development in IT, finance, telecommunication, e-commerce and banking, strongly committed to technology and widely investing in technology research and development. The experience gained in these advanced environments, allows BtoBet to be visionary in the iGaming and Sports betting industry with a deep understanding of the requirements of the market, catching changing trends and anticipating bookmakers’ and operators’ needs. BtoBet is a true partner in technology, offering a standalone platform and services for the iGaming and Sports Betting industry. It counts on a very talented, continuously trained development team and day to day management support to clients. BtoBet allows licensees to be unique in the market, by giving them the opportunity to completely personalise their offers for Sports betting and iGaming business, online mobile and retail. BtoBet has technical branches with large ever-growing teams of developers in Skopje, Ohrid, Bitola, Belgrade, Nish, Tirana, and Rome. Malta hosts the commercial and marketing centre. Visit our site on: www.btobet.com


Source: EuropeanGaming.eu

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IMF spotlights Malta’s work in the gaming sector

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MGA IMF spotlights Malta’s work in the gaming sectorReading Time: 1 minute

The International Monetary Fund (IMF) praised Malta’s work in the gaming sector and labelled it as exceptional.

It’s well known by now that Malta is one of the best places in europe when it comes to monitoring the new trends, working to set the best legislation but also for it’s pro-business approach.

The international monetary entity highlighted Malta’s dedication to strengthen the gaming sector by reinforcing the existing legislation that regulates the gambling industry and by implementing the EU Anti-Money Laundering directive.

Earlier this month, the Maltese Parliament approved new gaming provisions that seek to heighten the jurisdictional profile of Malta from a regulatory perspective by strengthening the Malta Gaming Authority (MGA) supervisory role. The approval of the third and final reading of the new Gaming Act also wants to strengthen the compliance and enforcement functions to better achieve the regulatory objectives, in line with concurrent developments relating to anti-money laundering and combating the funding of terrorism.

The Maltese Government will see that the Malta Gaming Authority, as the regulator of the gaming industry, has all the resources to carry on her work effectively and will ultimately lead in further protection to customers and will base its work on concrete evidence.

 

Source: independent.com.mt


Source: EuropeanGaming.eu

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