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  • News

GVC read the riot act over unethical advertising

November 20, 2020 by Admin

The UK Advertising Standards Authority recently took GVC to task over a Gala Spins ad published on Facebook in August 2020 that features the five toy characters from the’ Fluffy Favourites online pokie by Gala Spins.

The ad displayed the captions “It’s a Rollercoaster of Cuteness”, and “What’s your spin?”, accompanying video clips of the pokie gameplay. The ASA ruled that the featured text and images are extremely likely to appeal to children as well as appropriately aged players.

At the time of writing, GVC has removed the advert has from social media.

Outdated ad

Gala Spins responded to the ruling, stating that they uploaded the video by mistake and that it was already out of date when posted. Gala went on to explain that the mistake could have occurred because the original Fluffy Favourites ad was part of a broader campaign directed at female online gaming fans within the age category of 18 – 65.

GVC furnished the authority with proof supporting its refutations, showing that the content of the ad had not been viewed by anyone under 18, stating that the campaign was intended to only be targeted at adult social media audiences.

GVC in the dog house

The ASA responded to GVC, explaining that, aside from the content being displayed to an audience accountable for self-reporting of their age, there were no other measures in place to guarantee compliance with to the relevant age-specific guidelines published early in 2019 by the Committee of Advertising Practice (CAP). Last year we published a story about how anti-gambling advocates reached out to the New Zealand public and authorities, urging them to consider a total ban on betting advertising of any kind.

The ASA explained that the content featured in the Fluffy Favourites section of the campaign is typical of content usually employed to appeal to under-age persons and children. The watchdog reiterated its ruling that GVC and Gala Spins had acted in a socially irresponsible manner, as per the provisions of Section 16.1 of the CAP code of good advertising practice.

In the end, the ASA opted against handing down a fine or any other form of severe penalty, but it did caution Gala Spins against any future posting of pokies ads that display content that under-age persons would find appealing.

Filed Under: Australian Casino News, NZ Casino news

Gloves off as Crown Resorts fights to retain NSW casino licence

November 13, 2020 by Admin

The lawyers tasked with assisting in an inquiry forming part of a  formal investigation into money laundering allegations could hold the fate of Australian gambling monolith, Crown Resorts in their hands.

Crown’s pending applications to open new casinos by the end of 2020 are currently mired in legal limbo as the company requires a gambling licence from the Independent Liquor and Gaming Authority (ILGA) if it hopes to proceed. The matter is currently being dealt with by Patricia Bergin, a former Supreme Court Judge who is serving as the chairperson of the inquest. She will provide recommendations to the ILGA on whether the company is eligible to hold an NSW casino license.

Money Laundering Allegations

The investigation into Crown Resorts was initiated early in 2020. Its purpose is to determine whether Crown has devolved into fertile ground for the laundering of criminal profits by looking the other way as high rollers wagered sports bags stuffed with banknotes. The operator also stands accused of colluding with criminal organisations providing junket services.

The lawyer Adam Bell delivered a statement before the Bergin on Tuesday, stating that the fact that the 19 of the operator’s employees were arrested by Chinese police in 2015 on the charge of promoting the company’s casino products and offerings to Chinese nationals. He argued that these facts alone justify the revocation of local licensing rights.

Trouble in China

Bell elaborated, sharing that evidence showed how Crown Resorts had encouraged the workers to remain in China and seek out financial opportunities for the company. This was a particularly scandalous decision on Crown’s behalf as the Chinese government had recently announced it intended to crack down on cross-border gambling. Mr. Bell presented this as further evidence that Crown had continually flaunted the basic principles of responsible corporate governance.

Complicating things further, James Packer, the billionaire, and former Crown CEO continues to cast a shadow over the company’s future. His 36 percent stake in Crown Resorts presents a problem as the inquiry demonstrated that he still exerts significant influence at the entity.

When appearing before the inquiry in October, Packer admitted that ridding himself of his shares in exchange for the issuing of the NSW casino licence for Crown was his likely course of action.​

Previously, Crown Resorts were in the news when a former baccarat dealer scammed the Crown Casino in Melbourne

Filed Under: Australian Casino News

Probe Into NetEnt & Evolution Gaming Casino Merger

October 9, 2020 by Admin

The Competition and Markets Authority has launched a probe into the possible merger of casino software and development giants NetEnt and Evolution Gaming. The probe by the regulatory authority comes as Evolution Gaming has proposed a buyout deal of NetEnt to the tune of around $2.1 billion.

Competition In The Online Sector

The United Kingdom’s Competition and Markets Authority has said the inquiry has been launched with the goal of determining if the proposed buyout will result in a significant reduction in competition in the online casino space in the region.

NetEnt and Evolution Gaming were informed of the inquiry by the authority recently, and any interested party is invited to give comment on the matter. Comments will close on the 5th of October, upon which phase one of the inquiries by the United Kingdom’s Competition and Markets Authority will commence. A decision is then expected on the 16th of November whereby the inquiry will either be closed or will enter into phase two.

The buyout deal, which Evolution Gaming had previously expected to close on the 2nd of November 2020 could be delayed slightly as a result. NetEnt is currently in an acceptance period for the offer, which began on the 17th of August 2020. They have until the 26th of October 2020 to accept the transaction.

Evolution Gaming has offered 0.1306 shares for each share in NetEnt, bringing the total value of each share to SEK 79.93 or SEK 19.6bn for all. It is an offer that Evolution Gaming says will not be raised and the NetEnt board has recommended the shareholders take. The offer increased the NetEnt share price by 43% compared to their closing price on the Nasdaq Stockholm as of the end of June 2020.

 

The World’s Leading B2B Supplier

Should the acquisition go ahead the brands could see combined annual cost savings of around €30 million. In addition, both online casino companies have shown strong financial growth this year.

NetEnt’s revenue figures for the second quarter of 2020 showed a 30.2% increase when compared to the previous year, while Evolution Gaming’s revenue grew by 48% compared to the first six months of 2019. The growth was primarily due to an increased demand for strong online casino products as land-based casinos and retail venues closed in the wake of the global health crisis and live sporting events around the globe were canceled or postponed. In addition, both brands experienced good growth in the United States’ emerging regulated market.​

Filed Under: Australian Casino News

Pragmatic and EveryMatrix make it official with Live Casino games deal

October 6, 2020 by Admin

Pragmatic Play has inked a new content partnership deal with EveryMatrix is a B2B technology provider that is most well known across the industry for its popular CasinoEngine product. The new deal will provide operator partners of EveryMatrix with access to the developer’s existing live casino games.

EveryMatrix operator clients will also gain immediate access to any of Pragmatic’s future live casino products. The deal is set to broaden the developer’s online footprint and expand its distribution network through EveryMatrix’s clients who, in turn, will benefit from a varied live casino offering.

 

Casino content aggregation giant

EveryMatrix is an online casino content aggregation solution provider that was founded in 2008 The company offers a holistic range of B2B solutions for the iGaming industry. The brand’s CasinoEngine product is highly regarded as one of the industry’s top integration platforms. The platform has the most extensive iGaming content library in the world, boasting over 11,500 titles and 450 local and global jackpots. These include titles from over 175 gaming providers including Playson, Evolution Gaming, Tom Horn Gaming, Betsoft, NetEnt, Microgaming, Relax Gaming, Red Tiger, Thunderkick, Wazdan, and Spinmatic.

The platform is utilized by more than 120 operators in various jurisdictions, including some of the iGaming industry’s biggest players, including Flutter, Norsk Tipping, Mybet, Greentube, and Yggdrasil.

A Live Casino Games focus

Pragmatic Play has cultivated a sterling reputation in the iGaming industry, thanks to its live casino offering. Their portfolio comprises a vast array of titles including Live Blackjack, Live Baccarat, Live Roulette, Auto-Roulette, Roulette Macao, Mega Sic Bo, and Speed Roulette.

In addition to the recent EveryMatrix deal, the brand has penned parallel partnerships with online casino brands; 888casino and BlueOcean Gaming. Lottoland’s Bingo offering will also be added to its platform alongside two Latin American operators, SuperBets and Universal Race.

Pragmatic Play seems determined to make 2020 a highly productive year as it extends its reach, breaking into uncharted international iGaming markets.

 

Filed Under: Australian Casino News, Australian Online Casinos

Online gaming boom mitigates the coronavirus effect in New Zealand

September 11, 2020 by Admin

SkyCity Entertainment has revealed that it anticipates a continual increase for its online gaming customer count, which is serving to offset the economic impact of the closure of its New Zealand and Adelaide venues due to coronavirus lockdowns.

SkyCity Entertainment is New Zealand’s largest tourism, leisure and entertainment company and posted a 63 percent increase in reported net profit to $NZ235 million for the 12 months to June 30. This was principally driven by a $NZ160 million impairment for the company’s Adelaide operation.

Prominent casino operator, NCA has also reported that online gambling has somewhat made up for the closure of its venues according to NewsWire.

SkyCity recently downgraded its earnings expectations for its Adelaide venue, which is currently undergoing expansion and is expected to open later in the year with the company expecting further earnings losses due to the coronavirus pandemic.

Skycity, Adelaide

Malta is home to the SkyCity online gambling operation that launched in 2019, started turning a profit in April, and has attracted over 35,000 new customers.

The company views this rapidly growing business unit as a logical extension of its land-based business that has proved its value, even in the early days of its existence.

In its full-year results report, SkyCity said, “The launch is an important step on the journey of pursuing opportunities to grow and diversify our earnings.”

The company acquired New Zealand based broadcaster and e-sports tournament operator, Let’s Play Live Media, in July 2019.

In a mixed bag of fortunes, SkyCity’s Asian tourist business has been negatively affected by New Zealand’s border closure to international visitors, with predictions that it may remain closed through to the end of 2020-21 informing the organisation’s future plans.

​

Filed Under: Australian Casino News, NZ Casino news

Playtech revels in 2020 casino growth

August 21, 2020 by Admin

Playtech’s strong performance in the first half of 2020 has been a testament to the organisation’s dynamic management and growth acceleration in its online casino vertical. An adaptive organizational approach allowed the company to secure the preservation of its cash flow and allowed it to boost liquidity in a time of profound adversity for the casino industry.  The year’s challenges have resulted in an adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) for the business of  €160 million or approximately $189 million for the first half of the year.

Management matters

Despite the hard-knock that Playtech’s B2B sector took due to the suspension of live sporting events and the shuttering of casinos and retail outlets in response to the global health crisis, the brand maintains a positive outlook for the remainder of the year.  The organization credits this success to increased market volatility and a subsequent uptick in trading which yielded a positive outcome for its TradeTech division coupled with an upswing in its online business. Playtech’s Bingo, Poker, and online casino operations all experienced growth in the first half of the year.

The winds of fortune are only a small component in the business’ overall positive performance, with its management strategy being hailed as the keystone of its success.  The company’s dynamic response allowed it to effect changes to maximize its available liquidity to over €600 million. This profound reaction included a flurry of early-response measures designed to protect the business, including holding on to shareholder distributions from 2019, which netted the brand €65 million in cash.

The unbanning of live sports and the re-opening of a large percentage of the company’s land-based and retail operations spurred on its positive performance for 2020.

Hope on the horizon

The continued success of Playtech, considering its position as an online casino software supplier industry leader, is indicative of a future positive change of fortunes for the entire industry. The company was originally based in Estonia, eventually moving to the Isle of Man and celebrated its 20th anniversary in 2019.

The brand’s primary offering is turnkey online casino and sports betting solutions for the iGaming sector, and it is a leading force in this global market. The company’s turnover exceeds €1.5 billion over its 20-year existence and its operations include subsidiaries like TradeTech Alpha Limited, Quickspin, and YoYo Games.

Playtech, not satisfied with just being resilient, plans on cultivating existing relationships and simultaneously growing its player offering. In the first half of 2020, the company launched in the New Jersey market, in conjunction with long-time partner Bet365.

​

Filed Under: Australian Casino News

Pokies in peril as Wellington eyes tougher gambling laws

August 14, 2020 by Admin

New Zealand’s Wellington casino industry could be in for a rude awakening as new regulations designed to tackle problem gambling loom on the horizon.  The ‘sinking lid’ policy is nightmare fuel for local land-based casinos as it could see pokies gradually disappear from the capital city and surrounding regions.

Wellington Councillor Tamatha Paul proposed the new policy at a council meeting but the future of the legislation is still in question at this time.

A clean sweep

There are currently 633 electronic gambling machines in the city of Wellington and a total of 938 in the entire region. Paul has proposed to reduce that number to 87 over time with the territories of Lambton and Pukehinau, Wharangi, and Onslow-Western being specifically targeted.

Paul also put forward that a previously scrapped rule that states that a gambling machine may not be hosted in any venue that has not specifically been designated as an appropriate establishment, be reinstated. This would absolutely ban any non-casino venue from having any pokies.

Brewing controversy

The sinking lid policy is understandably controversial as it could cause drastic revenue and funding losses. Arts, sports, environmental protection, health, and education organizations in Wellington receive approximately NZ$61 million from non-casino venues, particularly pubs and clubs. The proposed law would have devastating implications for the future of these entities.  The council, in response to these concerns, proposed that it take over funding for these operations.

The measure may also ironically end up defunding some anti-gambling groups, triggering a chorus of protest from their end.

Phil Gibbons, Sport Wellington’s CEO reacted swiftly to the proposed regulations, calling them unacceptable and stating that locals should be educated on how much the city relies on this funding, particularly the sports sector which depends almost entirely on it.

Paula Snowden of the Problem Gambling Foundation stated that money would be taken away from those who needed it the most and that the specific focus on pokies was ill-advised.

​

Filed Under: Australian Casino News, NZ Casino news

Yggdrasil swells ranks with SoftSwiss signing

August 11, 2020 by Admin

Online casino software provider SoftSwiss is the latest addition to Yggdrasil’s franchise network. Joining the YG franchise network means access to a range of premium real money online casino games and being associated with a platform that achieves revenue growth through collaboration.

New tech

The Agreement will come into effect on 18 August 2020 and gives SoftSwiss access to a huge range of casino games that it can then pass on to its partner network in key regions. These include a flurry of fresh titles like Vault of Fortune and third-party games from YG Masters affiliates. Yggdrasil will also give the provider access to its BOOST promotional tools and its GATI distribution technology.

The GATI technology will giver SoftSwiss access to a system where it can develop new releases and explore new revenue streams with other partners. Collaboration opportunities with other YG franchisees will be possible meaning potential alliances with brands such as Flow Gaming, Azure Tech, and Soft Gamings.

Leading the iGaming Industry

SoftSwiss, headquartered in Curacao, has a reputation for having an extensive online casino games portfolio with over 10,000 gaming titles for more than 60 reputable gaming studios and content providers. The company first launched in 2008 in the guise of an online auction operation but gradually reinvented itself as a leading iGaming company with all-in-one solutions for online casinos.

The company’s online casino software platform was launched in September 2012 and quickly gained recognition for is user-friendliness and flexibility. Today it is the premier Bitcoin gaming software in the industry.

SoftSwiss has its software development arm located in Belarus. This arm of the organization has allowed it to recently add a range of new casino games to its software. It recently signed a new deal with online casino monolith Playtech that will allow SoftSwiss to offer its clients a collection of new live dealer games from Playtech’s Live Casino label.​

Filed Under: Australian Casino News

Eyecon joins Microgaming’s pokie paradise in new deal

August 7, 2020 by Admin

Eyecon, an Australian independent online pokie development studio is the most recent content partner to join Microgaming’s massive network. Eyecon’s entire range of titles will now be available on the industry giant’s award-winning iGaming platform, exposing its products to a massive, new audience.

Microgaming’s partner network will now be able to access Eyecon’s full catalogue, including premium titles such as Temple of Iris, the colourful Fluffy Favourites, the syrupy-sweet Sugar Train, and the evergreen Shaman’s Dream.

Microgaming’s content distribution platform regularly pushes out over 800 top online pokie releases to its international portfolio of operator-partners and holds regional online gaming distribution licences in over 20 global jurisdictions.

A prosperous partnership

Joining up with Microgaming is a smart move for any developer as they offer a lucrative and unique set of benefits.

Eyecon Commercial Director Paul Gielbert expressed excitement with this partnership, calling it a fantastic and expansive opportunity. In addition to its complete range of pokies, Eyecon will also be sharing its collection of player-engagement tools.

An empire of alliances

The partnership is destined to be mutually beneficial according to Microgaming Commercial Director Leon Thomas. He stated that the deal will allow Eyecon to distribute its pokies to an international market and simultaneously allow Microgaming to bolster its content bank.

Included in Microgaming’s current content provider portfolio are Gameburger Studios, Sling Shot Studios, Alchemy Gaming, Fortune Factory Studios, Neon Valley Studios, All 41 Studios, and Triple Edge Studios.

​

Filed Under: Australian Casino News

Evolution Gaming claims Top Live Casino Supplier award

July 31, 2020 by Admin

Live casino industry leader, Evolution Gaming has repeated its past successes, scooping the Live Casino Supplier of the year award at the 2020 EGR B2B Awards for the 11th year running.

The awards took place on a virtual platform this year on 21 July and Evolution beat 12 other candidates to rise to the top of the category once again.

Breaking the mold

Evolution CEO Martin Carlesund shared his excitement at the company’s unprecedented 11-year winning streak, relating how the studio had overcome various hurdles over the last 12 months to surpass even its own expectations. He added that a lot of hard work has gone into ensuring that the company didn’t falter in its dedication to consistently grow its portfolio of titles and evolve the Live Casino genre.

The year has been an eventful one for Evolution, with two of their recent releases, Mega Ball and Crazy Time quickly becoming fan favorites.

According to Carlesund, the studio’s focus on reinventing classic casino titles has resulted in the creation of exhilarating, new experiences such as Lightning Baccarat, Power Blackjack, and Speed Blackjack joining its list of premium live and first-person games.

Acknowledging talent

Carlesund gave full recognition to his team of developers, crediting them with the success that allowed the company to walk away with its latest award.

The CEO emphasized that the team was fully deserving of all accolades for their loyalty and hard work which he characterized as playing a significant part in enriching the entire industry.

Evolution Gaming first broke ground in 2006 and established itself as a pioneering force in B2B Live Casino solutions, expanding its reach to Europe and beyond over its 14-year history.

​

Filed Under: Australian Casino News

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