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It’s official, £2 ($2.7, 2.3 euros) per spin on FOBT in the UK

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The British government has just made a historic moment in the development on the gambling industry in Britain. It has just slashed the maximum stake on controversial gambling machines to £2 ($2.7, 2.3 euros) per spin, as it vowed “to protect the most vulnerable in society” from harmful losses.

The biggest wager for popular fixed-odds betting terminals (FOBTs), which allow gamblers to bet every 20 seconds, will be cut sharply from the current level of £100, the department for digital, culture, media and sport said in a statement.

The move follows lengthy consultations over the machines, dubbed the “crack cocaine of gambling” by critics due to their potentially addictive nature.

Bookmakers have previously claimed moves to slash the maximum stake on FOBTs would lead to the loss of thousands of jobs in the industry.

The new rules for the popular electronic casino-style games, like roulette and bingo, follow a government review.

“When faced with the choice of halfway measures or doing everything we can to protect vulnerable people, we have chosen to take a stand,” said culture minister Matt Hancock in today’s statement.

“These machines are a social blight and prey on some of the most vulnerable in society, and we are determined to put a stop to it and build a fairer society for all.”

The government also announced measures to tighten online betting protections and television advertising and raise awareness about potential harm. In addition it will launch a probe into the public health impact of betting.

“Problem gambling can devastate individuals’ lives, families and communities,” added sports minister Tracey Crouch.

“It is right that we take decisive action now to ensure a responsible gambling industry that protects the most vulnerable in our society.”

The decision will come as a blow to betting companies, who have warned that shops could close as a result.

The country’s Gambling Commission had already called in March for the maximum stake to be cut to no more than £30.

Bookmaker William Hill warned the decision to limit the maximum stake on FOBTs could see around 900 of its shops become loss-making, adding a “proportion” risked closure.

“The government has handed us a tough challenge today and it will take some time for the full impact to be understood, for our business, the wider high street and key partners like horse racing,” said William Hill chief executive Philip Bowcock.

“We will continue to evolve our retail business in order to adapt to this change and we will support our colleagues as best we can.

“Despite the challenges presented by this decision, our teams will compete hard and offer great service to William Hill customers.”

Source: independent.co.uk, france24.com and AFP


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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