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The market responds about PASPA ruling

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Gambling operators, sports leagues and organisations have made a response to the Supreme Court’s overturning of Professional and Amateur Sports Protection Act (PASPA).  William Hill publicizing it plans to launch in New Jersey “as soon as responsibly possible.”

The country’s Supreme Court has lifted federal ban on sports betting in the US by a vote of 7-2 on Monday.

The federal 1992 PASPA had blocked states except Nevada, Oregon, Delaware and Montana from offering regulated sports betting.

New Jersey strived many years to revoke the ban, highlighting the prevalence of illegal sports betting across the US as one of its main arguments.

Philip Bowcock, the chief executive of William Hill, reacted positively to the ruling that the company will now pursue its plans to launch sports betting services in New Jersey.

 “This is a landmark moment for sports betting and for William Hill,” Bowcock said in a statement.

“Now, all attention shifts to the states, where steps have already been taken to prepare for this day.”

“Legalised sports betting means that consumers and sports leagues will have greater protection, states will benefit from the raising of taxes and there is the potential for over 100,000 jobs to be created.”

Elsewhere, daily fantasy sports firm DraftKings, which went public this year with its plans to expand into sports betting should New Jersey succeed in its bid, is also eyeing up a swift roll-out.

Jason Robins, chief executive of DraftKings, told Fox Business: “We’ll be ready; hopefully, we’ll be one of the first ones in.”

“Almost 80% of our customers today say they already bet illegally on the black market with sports; now we just have to convince them they are going to have a better time doing it with us.”

“When it’s regulated, we actually have rules around knowing your customers, making sure we have limits in place, making sure that people who want to self-exclude can self-exclude.”

FanDuel, a rival of DraftKings, also issued a statement praising the decision and reiterating its plans to launch its own sports betting services.

The statement read: “This decision allows us to bring the passion and engagement we have seen among our users to new and expanded marketplaces and create a sports betting product that fans will love.”

Caesars Entertainment Corporation, which is already active in sports betting in Nevada, also hailed the news, with president and chief executive Mark Frissora saying: “The Supreme Court’s landmark PASPA ruling creates a golden opportunity to end illegal sports wagering once and for all by creating a well-regulated alternative that sports fans can trust.”

“As a result, we expect to be able to provide safe, exciting sports wagering experiences to consumers across the country, as we do today in Nevada.”

However, there has been a somewhat mixed response from the sports leagues that had supported the expansion of legalised sports betting, but to also uphold integrity within their various competitions.

The National Basketball Association (NBA) and Major League Baseball (MLB) had both stated their backing for a wider market but called for a refreshed federal framework to be out in place.

NBA commissioner Adam Silver said: “We remain in favour of a federal framework that would provide a uniform approach to sports gambling in states that choose to permit it, but we will remain active in ongoing discussions with state legislatures.”

“Regardless of the particulars of any future sports betting law, the integrity of our game remains our highest priority.”

MLB also said: “As each state considers whether to allow sports betting, we will continue to seek the proper protections for our sport, in partnership with other professional sports.”

“Our most important priority is protecting the integrity of our games; we will continue to support legislation that creates air-tight coordination and partnerships between the state, the casino operators and the governing bodies in sports toward that goal.”

The National Football League and the National Hockey League also issued similar statements urging for federal law to be put in place, while the National Collegiate Athletic Association (NCAA) had been opposed to an expanded market and had urged the court to maintain the federal law.

The NFL said: “Congress has long-recognised the potential harms posed by sports betting to the integrity of sporting contests and the public confidence in these events.”

“Given that history, we intend to call on Congress again, this time to enact a core regulatory framework for legalised sports betting.”

The NHL added: “The Supreme Court’s decision paves the way to an entirely different landscape – one in which we have not previously operated. We will review our current practices and policies and decide whether adjustments are needed, and if so, what those adjustments will look like.”

Source: igamingbusiness.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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