Monthly Archives: February 2017

Financial woes biggest negative of gambling; also, water is wet

A new study has determined that financial problems are the most commonly reported negative impact of gambling, a finding roughly on par with determining that the sun tends to rise in the east each morning.

Last week, the Massachusetts Gaming Commission (MGC) received Impacts of Gambling in Massachusetts, a report based on an online panel survey of 5,046 state residents conducted by the University of Massachusetts Amhert School of Public Health and Health Sciences.

The online survey ran concurrently with the previously released general population survey of Massachusetts’ residents gambling activity. The MGC commissioned the surveys in order to obtain a snapshot of gambling activity in the state prior to the arrival of several major brick-and-mortar casinos over the next few years.

The online survey found that 3.8% of gamblers reported financial problems as a result of their gambling activity, about the same number that reported physical health and stress-related issues, while mental health problems were reported by 3.2% of gamblers.

Playtech boost UK bingo presence with £50m Eyecon deal

Online gambling technology provider Playtech has made yet another acquisition via a £50m deal for rival software outfit Eyecon.

On Tuesday, Playtech announced it had paid £25m upfront for Eyecon, which boasts over 70 games in its portfolio, including the popular Fluffy Favourites slots title. An additional consideration of up to £25m will be payable based on Eyecon’s earnings hitting certain benchmarks by June 2019.

Eyecon boasts its own remote gaming server, which allows it to distribute content direct to operators and via distributors, including 888 Holdings and Playtech’s own bingo network Virtue Fusion.

Eyecon founder Scott Murray has agreed to stay on with the company for at least the next three years “in order to assist in retaining the knowledgeable and specialist Eyecon team,” which has a particular focus on bingo audiences.

Playtech boost UK bingo presence with £50m Eyecon deal

Online gambling technology provider Playtech has made yet another acquisition via a £50m deal for rival software outfit Eyecon.

On Tuesday, Playtech announced it had paid £25m upfront for Eyecon, which boasts over 70 games in its portfolio, including the popular Fluffy Favourites slots title. An additional consideration of up to £25m will be payable based on Eyecon’s earnings hitting certain benchmarks by June 2019.

Eyecon boasts its own remote gaming server, which allows it to distribute content direct to operators and via distributors, including 888 Holdings and Playtech’s own bingo network Virtue Fusion.

Eyecon founder Scott Murray has agreed to stay on with the company for at least the next three years “in order to assist in retaining the knowledgeable and specialist Eyecon team,” which has a particular focus on bingo audiences.

Bit8 launches Lotto Hero at ICE

New online lottery game will revolutionise acquisition, retention, and conversion

7th February, 2017, Malta – Gaming platform software provider Bit8 has used this week’s ICE exhibition to launch Lotto Hero, a revolutionary new mobile friendly lottery game.

The unique product, which will be hosted on multiple operator sites, offers players the chance to win a million Euros an hour, 24 hours a day, 365 days a year.

Designed to appeal to Millennials and players across multiple verticals, it is set up to boost acquisition, retention and conversion, as well as increasing the life-time value of those players and strengthening cross-sell.

Bitcoin exchange temporarily shuts down amid Venezuela crackdown

Venezuela-based bitcoin exchange SurBitcoin has been forced to shutter its operations—albeit temporarily—as the government continues its crackdown on bitcoin mining businesses.

Last week, the bitcoin exchange told its clients to withdraw their cash and cryptocurrency balances after the company’s bank account at Banesco, Venezuela’s largest financial institution, was suddenly shut down.

In its announcement, SurBitcoin explained that its services will be down for several weeks while its executives forge new financial partnerships.

“We expect to resume operations in approximately two weeks,” the bitcoin exchange said.

Bitcoin exchange temporarily shuts down amid Venezuela crackdown

Venezuela-based bitcoin exchange SurBitcoin has been forced to shutter its operations—albeit temporarily—as the government continues its crackdown on bitcoin mining businesses.

Last week, the bitcoin exchange told its clients to withdraw their cash and cryptocurrency balances after the company’s bank account at Banesco, Venezuela’s largest financial institution, was suddenly shut down.

In its announcement, SurBitcoin explained that its services will be down for several weeks while its executives forge new financial partnerships.

“We expect to resume operations in approximately two weeks,” the bitcoin exchange said.

Bitcoin exchange temporarily shuts down amid Venezuela crackdown

Venezuela-based bitcoin exchange SurBitcoin has been forced to shutter its operations—albeit temporarily—as the government continues its crackdown on bitcoin mining businesses.

Last week, the bitcoin exchange told its clients to withdraw their cash and cryptocurrency balances after the company’s bank account at Banesco, Venezuela’s largest financial institution, was suddenly shut down.

In its announcement, SurBitcoin explained that its services will be down for several weeks while its executives forge new financial partnerships.

“We expect to resume operations in approximately two weeks,” the bitcoin exchange said.

Bitcoin exchange temporarily shuts down amid Venezuela crackdown

Venezuela-based bitcoin exchange SurBitcoin has been forced to shutter its operations—albeit temporarily—as the government continues its crackdown on bitcoin mining businesses.

Last week, the bitcoin exchange told its clients to withdraw their cash and cryptocurrency balances after the company’s bank account at Banesco, Venezuela’s largest financial institution, was suddenly shut down.

In its announcement, SurBitcoin explained that its services will be down for several weeks while its executives forge new financial partnerships.

“We expect to resume operations in approximately two weeks,” the bitcoin exchange said.

Bitcoin exchange temporarily shuts down amid Venezuela crackdown

Venezuela-based bitcoin exchange SurBitcoin has been forced to shutter its operations—albeit temporarily—as the government continues its crackdown on bitcoin mining businesses.

Last week, the bitcoin exchange told its clients to withdraw their cash and cryptocurrency balances after the company’s bank account at Banesco, Venezuela’s largest financial institution, was suddenly shut down.

In its announcement, SurBitcoin explained that its services will be down for several weeks while its executives forge new financial partnerships.

“We expect to resume operations in approximately two weeks,” the bitcoin exchange said.

Cherry completes grand slam of industry awards

Cherry has won a grand slam of industry titles at the International Gaming Awards, marking the fourth consecutive year that the group has been honoured at the ceremony.

ComeOn, which was acquired by Cherry in 2016, was named Online Sportsbook Operator of the Year.

Hans Martin Nakkim, spokesperson at ComeOn, said: “ComeOn has built one of the most respected and talented teams in sports betting, so we are thrilled that our hard work and commitment to innovation has been recognised.”

Yggdrasil Gaming, which has enjoyed a hugely successful 12 months, including a number of major new operator signings and industry-first launches, was named Innovator of the Year.

Cherry completes grand slam of industry awards

Cherry has won a grand slam of industry titles at the International Gaming Awards, marking the fourth consecutive year that the group has been honoured at the ceremony.

ComeOn, which was acquired by Cherry in 2016, was named Online Sportsbook Operator of the Year.

Hans Martin Nakkim, spokesperson at ComeOn, said: “ComeOn has built one of the most respected and talented teams in sports betting, so we are thrilled that our hard work and commitment to innovation has been recognised.”

Yggdrasil Gaming, which has enjoyed a hugely successful 12 months, including a number of major new operator signings and industry-first launches, was named Innovator of the Year.

Cherry completes grand slam of industry awards

Cherry has won a grand slam of industry titles at the International Gaming Awards, marking the fourth consecutive year that the group has been honoured at the ceremony.

ComeOn, which was acquired by Cherry in 2016, was named Online Sportsbook Operator of the Year.

Hans Martin Nakkim, spokesperson at ComeOn, said: “ComeOn has built one of the most respected and talented teams in sports betting, so we are thrilled that our hard work and commitment to innovation has been recognised.”

Yggdrasil Gaming, which has enjoyed a hugely successful 12 months, including a number of major new operator signings and industry-first launches, was named Innovator of the Year.