MLB pushes ‘royalty fee’ agenda at G2E

first_imgSports betting Topics: Sports betting Subscribe to the iGaming newsletter Regions: US 12th October 2018 | By Hannah Gannage-Stewart The MLB’s Kenny Gersh told delegates at G2E this week that he was surprised by the gambling industry’s “pushback” to the fee. Scott Longley reports.The case for a “royalty fee” for the US sports leagues was promoted by an executive representative from Major League Baseball (MLB) as the subject of integrity and data fees was once again discussed at this week’s G2E in Las Vegas.The attitude of the major sports leagues to the advent of the new era of regulated sports betting in the US has been a hot topic all week.Kenny Gersh, executive vice president with the responsibility for gaming at the MLB, said he was surprised by the vehemence of the “pushback” on the issue of integrity and data fees on the part of the gaming sector, particularly with regard to in-play betting data.He also suggested the leagues’ position has been misrepresented over exactly what they are asking for. “There is a lot of misinformation,” Gersh said. “We don’t call it an integrity fee. We call it a royalty. We’re talking about a quarter point (0.25 percent).”Yesterday on the same stage, David Rebuck, director at the New Jersey Division of Gaming Enforcement attacked the leagues over their continued efforts to get integrity fees included in state legislation.He said the integrity fee issue as “losing steam.”Getting their due However, Gersh made the argument for why he believed the leagues should get some financial recompense for the betting that will take place on their games in regulated jurisdictions in the US.“You guys (the gaming operators) get the right to make money from sports-betting and everyone then thinks that will have an effect on MLB,” he said. “We’re given no choice in that whatsoever, and we have to deal with it. So to grant someone the opportunity to make money off our sport, we think we should be involved in that.”Sharing the stage, Sara Slane, said the leagues were effectively asking for a cut of the profits “without any of the risk” of running a sportsbook. “This is the sticking point right now,” she added.One potential route out of the impasse cold come via the already in place federal tax structure that applies to sports betting.Slane said a federal tax was “already there and is in place. “Maybe that is something we can work on together.”Earlier in the session, Gersh said that the MLB had been preparing for the day that PASPA was struck down for some years and that the sports saw opportunities from encouraging in-play betting. “We’re focusing on our data feeds, to capture what is happening on the field of play and to create new ways to bet,” he said. “Mostly that is in game.”Stephen Master, now a consultant and previously an executive at consumer research company Neilsen Sports with a stint at the NFL, said that surveys he had conducted on behalf of the AGA showed the degree to which in-play betting would be seen as an attractive product to the key 18-34 audience.“For gaming to really take off you are going to need really good mobile apps,” he said. “The 18-34 audience are sports gamblers – 41%. That’s a really valuable audience. This is a great opportunity to engage that younger audience. For the first time, this demographic spends more time on the phone than watching TV.”Gersh agreed. “Baseball is perfectly set up for an in-play betting sport,” he said. “It’s set up as a series of discrete events. Each one will have an outcome, a betting opportunity.”He pointed out that the royalty fee as proposed by the MLB would effectively compensate the sport for the money it has invested in data tracking and collection systems. “We’ve spent millions of dollars installing cameras and radar to track everything that’s happening on the field of play,” he said. “That was done to tell stories about what was happening.”“As you are making the in-game bets, you want that one true source of data and we’re only going to provide that the legal regulated operators. The offshore books will have to watch that on TV. We will be delivering that data in nearly real-time for the people to create the odds. It is a regulated industry.”In response, Slane repeated the AGA’s position that the leagues would be recompensed for their investment in data via commercial partnerships. “We just don’t think that the data usage should be mandated by the statute when it can be done by sponsorship,” she said. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling Kenny Gersh tells G2E delegates he’s surprised by the gambling industry’s “pushback” to the fee MLB pushes ‘royalty fee’ agenda at G2E Email Addresslast_img read more

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Delaware iGaming revenue up despite lower spending

first_img Tags: Online Gambling Revenue from the regulated Delaware online gaming market improved year-on-year in July, despite players spending almost $10m less than in the same month last year.Net revenue in July totalled $288,675 (£239,273/€258,920), up from $248,240 last year. This also represented a significant improvement on the $257,26 generated in June 2019, the lowest total of the year to date.However, player spending was down significantly year-on-year, with the amount wagered online in July of this year standing at $7.92m, compared to $17.92m in 2018. Player winnings were also down from $17.7m to $7.66m.Read the full story on iGB North America.Image: formulanone Regions: US Delaware AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Revenue from the regulated Delaware online gaming market improved year-on-year in July, despite players spending almost $10m less than in the same month last year. Subscribe to the iGaming newsletter Topics: Finance 15th August 2019 | By contenteditor Finance Email Address Delaware iGaming revenue up despite lower spendinglast_img read more

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Ainsworth profit nosedives amid domestic struggles

first_img Australian gaming machines and content provider Ainsworth Game Technology (AGT) has posted a 66% slump in post-tax profit to Aus$10.9m (£5.98m/€6.59m/$7.31m) on the back of a 12% fall in turnover to Aus$234.3m for the 12 months through to the end of June. 28th August 2019 | By contenteditor Ainsworth profit nosedives amid domestic struggles Casino & games Regions: Oceania Australia Subscribe to the iGaming newslettercenter_img Australian gaming machines and content provider Ainsworth Game Technology (AGT) has posted a 66% slump in post-tax profit to AUD$10.9m (£5.98m/€6.59m/$7.31m) on the back of a 12% fall in turnover to $234.3m for the 12 months to 30 June, 2019.With the company’s online division contributing $4.2m of sales, group earnings before interest and deductions was $44.8m, a 34% year-on-year decrease, with challenging conditions in Australia and Latin America blamed for the overall decline.Three months after issuing a profit warning, Ainsworth again singled out its domestic market as a particular struggle, with sales in Australia down 43%.However, the company highlighted a stronger balance sheet at the end of the financial year, with net cash of $6.2m versus a net debt of $36.2m 12 months earlier, supporting “an increase in R&D investments to drive organic growth, complemented with selective acquisitions”.AGT also underlined encouraging progress in North America, where revenue increased by 8%, helping to lift international sales to 85% of the company’s turnover.Ainsworth added that 20 games have been approved in New Jersey with GVC for the PlayMGM online platform, while a total of 62 games were developed and approved for online distribution throughout the US, Europe and Latin America over the 12-month period.In February, the company announced the launch of Mustang Money, its first real-money online casino game, in Mexico. AGT said that the game is performing to expectations in terms of growing the company’s player database and revenues.Lawrence Levy, who was appointed as the company’s new chief executive on 1 July, said that the company is in the process of reviewing its research and development investments.“I am confident AGT can drive improved long-term growth by leveraging its excellent reputation, focusing R&D and complementing organic performance with selective acquisitions,” he said.“My initial observations as the new CEO are that we have a strong footprint in major markets, scale and growing recurring revenues. With an increased focus on investing in game technology and new product development, I expect our domestic performance to progressively improve and our international success to continue.“While the FY19 results are relatively weak, AGT is capable of delivering improved performance. We have a professional and motivated workforce, an excellent industry reputation and a well-established footprint across all our markets.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Email Addresslast_img read more

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Swedish consumer ombudsman to file lawsuit against Aspire

first_img2nd October 2019 | By Daniel O’Boyle Online gaming solutions provider Aspire Global’s Karamba brand has been named as the subject of a lawsuit from Swedish consumer agency Konsumentombudsmannen (KO), who have accused Karamba of violating the marketing provisions of Sweden’s Gaming Act and Marketing Act.On Monday (30 September), KO announced its intention to file a lawsuit against Aspire in Sweden’s Patent and Marketing Court against the marketing of bonus spins on Karamba games, which the KO considered to be misleading.“The company promises bonuses and free spins that, in practice, force the player to play with too large sums, or else the money is lost,” KO said.KO said that Aspire was misleading in its promotion of free bonus spins on its games by advertising bonuses that can only be achieved by playing with very large sums of money.“In its advertising, the company promises SEK 2,000 (£165/€185/$202) in bonuses and 100 free spins,” the KO said. “But in order to take advantage of the offer, a player must invest at least SEK 70,000, the bonus must be redeemed 35 times within 21 days and you only have one day to use free spins.”“In addition to violating the Gaming Act, KO considers that the company is in violation of the Marketing Act, the gambling industry’s own guidelines and the recommendations of the European Commission.”The KO added that the terms and conditions were in very small print and not all in one place, making it difficult for players to understand the terms of the bonus spins.“No information or reference has been provided in connection with the offer that it is subject to terms and conditions for consideration. Instead, the terms and conditions have been placed on the site with no objection small and difficult to read text.”The KO recommended Aspire receive a fine and the advertisements be discontinued.However, Aspire hit back at the lawsuit in a release today (2 October), stating that it intends to contest any legal action and that its marketing efforts fit the definitions of “moderate marketing” permitted in the Gaming Act.“We dispute that the bonus offerings contravene the requirements of moderate marketing in the Gaming Act and we are critical to having been chosen as the subject to KO’s enforcement in this manner. If the court issues a lawsuit, Aspire Global will object to KO’s interpretation of the law”, says Tsachi Maimon, CEO of Aspire Global.”In August, Aspire Global announced that its revenue increased 76.5% in the first half of 2019, to €66m. Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Nordics Sweden Tags: Online Gambling Topics: Casino & games Legal & compliance Marketing & affiliates Subscribe to the iGaming newsletter Swedish consumer ombudsman to file lawsuit against Aspire Online gaming solutions provider Aspire Global’s Karamba brand has been named as the subject of a lawsuit from Swedish consumer agency Konsumentombudsmannen (KO), who have accused Karamba of violating the marketing provisions of Sweden’s Gaming Act and Marketing Act. Email Addresslast_img read more

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Push Gaming agrees to acquire GSI

first_img Games development studio Push Gaming has agreed a deal to acquire gaming technology provider GSI in an effort to scale up the delivery of products to operator partners. Email Address Topics: Strategy Tech & innovation AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Games development studio Push Gaming has agreed a deal to acquire gaming technology provider GSI in an effort to scale up the delivery of products to operator partners.Terms of the deal were not disclosed, but it was confirmed that GSI, including its founders Paul Evison and Paul Beattie, will join the Push Gaming team.Push Gaming said the acquisition will grant it more flexibility and control over its technology, as well as support the development of platform functionality, game design and industry distribution.GSI counts the likes of the Hive Remote Gaming Platform and Mesh Aggregator among its range of products.“The acquisition of GSI is a real game changer for us and we’re confident it will help us to become a key player within the industry,” Push Gaming co-founder and chief executive James Marshall said.“The launch of our own platform gives us full control of our game development, delivery and operator integrations. We will now also benefit from GSI’s extensive industry knowledge and experience, as well as their fantastic technical team ”GSI’s Evison and Beattie added: “The acquisition of GSI is the perfect way for Push Gaming to take its delivery to the next level and take on the big suppliers.“By combining the two teams we will be able to improve all aspects of our business, from game creation and design to distribution and operator relationships. It’s an exciting time for us, and we’re looking forward to a record-breaking year ahead.”center_img Push Gaming agrees to acquire GSI Strategy 21st January 2020 | By contenteditor Tags: Online Gamblinglast_img read more

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Kansas sports betting bill clears Senate

first_img Topics: Legal & compliance Sports betting The Kansas Senate has voted through a bill that would legalise land-based and certain forms of online sports wagering in the US state.Senate Bill 283 passed by a vote of 23-15 and is now set to move forward to the state’s House of Representatives for further debate and discussion.Introduced in January by the Senate’s Committee on Federal and State Affairs, the bill set out measures to permit casinos already licensed by the Kansas Lottery Commission to launch on-premises sports betting and offer two online betting skinsCasinos that offer land-based sports wagering would be taxed at a rate of 7.5%, while the state would also place a 10% tax on revenue from online sports bets.If only one – or no – operator takes up the option to create an online product after two years, the lottery may create an online betting product of its own.Read the full story on iGB North America. Kansas sports betting bill clears Senate Subscribe to the iGaming newsletter Legal & compliance Regions: US Kansascenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 3rd March 2020 | By contenteditor The Kansas Senate has voted through a bill that would legalise land-based and certain forms of online sports wagering in the US state. Email Addresslast_img read more

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Blackstone and Atairos become first GeoComply institutional investors

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter “Our mission at GeoComply is to empower the future of Digital Trust, and with Blackstone and Atairos as investors, we are taking a material leap forward to make it a reality,” said GeoComply founder and chairman Anna Sainsbury. Regions: US Geolocation service provider GeoComply has today announced that private equity businesses Blackstone Growth (Blackstone) and Atairos will each invest in the company. 23rd March 2021 | By Nosa Omoigui Finance Blackstone and Atairos become first GeoComply institutional investors Read the full story on iGB North America. Topics: Casino & games Finance Online casino The deal represents GeoComply’s first commitment of institutional capital, which will aid with the company’s growth moving forward. The supplier did not reveal the size of the investment. Tags: GeoComply Blackstone Atairos Email Addresslast_img read more

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AZ sports betting bill heads to Governor after tribal compact extended

first_imgRead the full story on iGB North America. Sports betting Arizona’s Senate approved the bill by a vote of 23-6 yesterday (April 12), and with it having already passed the state’s House of Representatives, the bill will now progress to the Governor for signature into law. 13th April 2021 | By Robert Fletcher Introduced by Representative Jeff Weninger in February, House Bill 2772 would allow consumers in Arizona to wager on sports at tribal casinos and sites owned by major league sports teams. Topics: Sports betting Tribal gaming Online sports betting Retail sports betting Sports betting regulation Arizona has taken a step closer to regulated sports betting after the state secured an extended tribal gaming compact, allowing a bill aiming to legalise wagering to clear the Senate and progress to Governor Doug Ducey. Subscribe to the iGaming newsletter The legislation also offers tribes up to 10 licences to run sportsbooks at their more than 20 casinos in the state, as well as allowing them to build new casinos and expand their gambling offerings. Tags: HB2772 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Key provisions in the bill include making 10 licences available for major league sports teams such as the National Football League’s Arizona Cardinals and National Hockey League team the Phoenix Coyotes. AZ sports betting bill heads to Governor after tribal compact extended These properties and facilities would be able to run sports betting operations, and bring in gaming partners, at their respective venues, at retail locations within a quarter mile and online. Regions: Arizona Email Address Should HB2772 come into law as expected, the bill would allow online and fantasy sports wagering, as well as add limited Keno games at off-track betting locations and social clubs.last_img read more

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Tennis and esports lead IBIA betting integrity alerts in first quarter

first_img28th April 2021 | By Robert Fletcher “The association and its members continue to work closely with those sports, and indeed all sports that wish to engage with us, to identify potential corruption and to seek robust sanctions to punish and deter such illicit activity.” Sports integrity Asia saw 13 reports in the first quarter, with tennis leading the way on six alerts, while just three alerts were registered in Africa, all of which were for tennis.  Tennis and esports lead IBIA betting integrity alerts in first quarter Esports ranked second with 17 alerts in the quarter, ahead of football on 12 alerts, table tennis with seven, basketball on five, volleyball with four and a single alert for horse racing. Tennis remained the sport of most concern for the IBIA with 18 betting integrity alerts in Q1.  Integrity body the International Betting Integrity Association (IBIA) reported 64 suspicious betting events to authorities during the first quarter of 2021, with tennis and esports the main sports of concern. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter In terms of geographical spread, alerts were registered across 20 countries during the first quarter. “After a difficult 2020, many operators appear to be close to normality in terms of their pre-pandemic market offering,” IBIA chief executive Khalid Ali said. “This is reflected in the alert numbers and geographical spread for Q1, with a refocus on those sports that have traditionally and numerically dominated the betting offer globally, namely tennis and football.  A further two alerts came from South America – both in Chile for tennis – while no alerts were reported in North America or Australasia Europe accounted for 29 alerts, with a quarter of all alerts in the period coming from Russia (10) and Bulgaria (six). Tennis, table tennis and football drew seven alerts each in Europe, ahead of basketball on five, two for volleyball and one for horseracing. Of these alerts, six matches were provided to the International Tennis Integrity Agency as intelligence reports as they did not relate to events sanctioned by the main tennis tours. However, the IBIA said some players engaged in those events may fall within the scope of that body’s Tennis Anti-Corruption Program. Subscribe to the iGaming newsletter Tags: IBIA Topics: Sports integrity The quarterly total was slightly up on the same period last year when the IBIA sent out 61 alerts, but down from the 64 alerts reported in the final quarter of 2020. Email Addresslast_img read more

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Kindred partners EASG to promote new gambling addiction identification app

first_img Kindred partners EASG to promote new gambling addiction identification app Responsible gambling Online gambling operator Kindred Group has linked up with the European Association for the Study of Gambling (EASG) to raise awareness of a new mobile app that helps identify early signs of gambling addiction to players. 10th June 2021 | By Robert Fletcher AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The EASG manages the app and also controls and distributes the aggregated anonymised user data for use in academic research Regions: Europe As part of this commitment, the operator has been publishing the amount of revenue it receives from customers it deems at risk of harm. For the first quarter of 2020, those classed as high-risk made up 3.9% of total revenue. Kindred in March last year committed to ensuring it does not generate any revenue from customers gambling in a harmful and unsustainable manner by 2023 and said promoting Bettor Time to its customers will help it achieve this target. Tags: Kindred Group European Association for the Study of Gambling EASG Developed by mobile mental health assessment specialist Zafty Intelligence, the Bettor Time app uses proprietary machine learning software to identify unique changes in a customer’s behaviour associated with mental health issues.  “The technology behind this app with Zafty’s unique machine learning algorithms that take the recorded activity and learn each user’s normal behaviour is very interesting,” Kindred’s head of responsible gambling and research Maris Catania said.  Topics: Social responsibility Responsible gambling Specialist algorithms take the recorded activity and learn each user’s normal behaviour, which then allows it to monitor potentially problematic changes in activity. Based on the level of change in behaviour, the app will recommend tailored features and support to help the user to restore their gambling behaviour to a healthy level. “This app can help users make better informed decisions about their gambling. We are proud to promote this app and I recommend other operators to follow.” Subscribe to the iGaming newsletter Email Addresslast_img read more

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