Monthly Archives: August 2018

DraftKings introduces quarterly fantasy sports for the ADHD set

Daily fantasy sports and (now) sports betting operator DraftKings is expanding its fantasy product mix, its geographic footprint and its executive roster.

While most of the DraftKings news these days surrounds its rapid rollout of new single-game real-money sports wagering, the company hasn’t forgotten its fantasy roots. This week, the company announced the imminent arrival of quasi in-play DFS via its new Flash Draft product.

Flash Draft, which expects to arrive on users’ Android and iOS mobile devices midway through the upcoming NFL season, will allow players to pick athletes they believe will score the most points in quarters 2, 3 and 4 of NFL games, plus a separate contest covering the game’s second half.

These drafts are done live, starting 30 seconds after the conclusion of the previous quarter, and consist of five rounds apiece. Players have only 15 seconds in which to select one of three players they believe will produce the most points in a given quarter. The contests have guaranteed prize pools, but the more players that participate, the higher the potential bonus.

Betway appoints Saatchi & Saatchi as lead creative agency

17th August 2018 – Betway has today appointed Saatchi & Saatchi London as their new lead creative agency.

Saatchi & Saatchi will work towards a major global campaign launch and regional roll out in 2019, supporting Betway’s growth into new markets worldwide.

The creative work will be rolled out across the UK, Ireland, Italy, Germany, Belgium and Spain and will encompass TV, Out of Home, Radio, Press and Digital, with a global marketing spend of over €100m.

Anthony Werkman, CEO, Betway said: “As our industry and consumer behaviours change, sport remains a social currency around the world. We’re excited to work with Saatchi & Saatchi on exploring new creative ways to connect with today’s consumers while developing the next phase of our business.

Over 200 participants already registered for SGS 2018

16 August 2018, Johannesburg, South Africa/ Stockholm, Sweden: Eventus International announced today that they already have over 60 companies and 200 participants for their latest addition to their series of gaming shows, the Scandinavian Gaming Show.

The entire gambling sector is buzzing with excitement for next year’s reregulation of the Swedish Gambling industry that will begin in January next year. This reregulation in Sweden will open up a number of opportunities for local entrepreneurs and gambling companies who can now operate in their own country.

Sensing the building excitement in the region over a year ago, Managing Director of Eventus International – Yudi Soetjiptadi – decided to announce Eventus International’s first venture into a completely new region, Scandinavia.

The first ever Scandinavian Gaming Show will be held at Stockholmsmässan in Stockholm, Sweden from 5-6 September and has already brought together over 60 companies and 200 participants together to discuss the exciting opportunities that await all stakeholders who are open to expanding their operations in the Scandinavian Gaming industry.

Ourgame ditching China card, board games as H1 losses mount

Hong Kong-listed gaming operator Ourgame International Holdings is restructuring its business after Chinese regulatory headwinds did a number on the company’s financial outlook.

On Wednesday, Ourgame informed the market that it expects to record a net loss in the first six months of 2018 that will be “significantly higher” than the RMB74m (US$10.75m) net loss the company reported in the same period last year.

The company said the losses were primarily due to “highly challenging conditions that the Group’s card and board game businesses in China have continued to face together with regulatory headwinds,” not to mention intensified competition from rival developers and “adverse payment policy changes” from its “main mobile carrier payment partners.”

As a result, Ourgame plans to undergo a restructuring that will see it sell off segments of its China card and board games business, including Ourgame Hall and Poker World, although it will continue to earn benefits from these divested properties through a licensing model.

Operator of Macau ‘name and shame’ website loses appeal

The convicted operator of Macau’s ‘name and shame’ website of gambling debtors has lost his appeal of his prison sentence for violating data protection laws.

On Thursday, Portuguese-language media outlet Ponto Final Macau reported that Macau’s Court of First Instance had rejected an appeal by Charlie Choi Kei Ian, who’d been sentenced to six months in prison for failing to remove the personal data of some 500 alleged gambling deadbeats from the ‘Wonderful World’ website.

According to the report, the Court rejected Choi’s appeal on July 12, but the information has only now been made public. Choi (pictured) confirmed to Ponto Final that, after consulting with counsel, he’d determined that there was “no remedy but to accept” the sentence.

Choi had long maintained that, while he was chairman of Wonderful World Group Ltd, neither he nor the company of that name had any connection with the debtor website. But two witnesses at Choi’s trial claimed otherwise, and Choi himself appeared to contradict his denials in contemporary media reports.

Rank Group retail write-downs prove a drag on digital growth

UK-listed gambling operator Rank Group saw its annual profits tumble as digital gains failed to shore up ongoing retail declines.

On Thursday, Rank revealed that its revenue in the 12 months ending June 30 had slipped by £10m to £741m while operating profit slipped 7.7% to £77m. However, nearly £27m in exceptional items dragged pre-tax profit down 41% to £46.7m and statutory net profit down nearly 43% to £35.9m.

Those exceptional costs included impairment charges, “onerous leases” and the closure of its Grosvenor Bradford casino in June. That fits with the larger picture in Rank’s FY 2017/18 results, in which retail operations proved a drag on the overall numbers.

Grosvenor Casinos retail revenue was down 6% to £373m and operating profit fell 6.7% to £48.6m. London’s Grosvenor venues fared worse than those in the provinces, while the brand’s Belgium operations saw revenue fall nearly one-third as customer traffic slumped by 42.5%.

Brazil’s Caixa online lottery service targets ‘younger audience’

Brazilian state bank Caixa Economica Federal has rolled out an online lottery service, in a bid to boost revenues.

National Superintendent for Caixa Lotteries Gilson Braga hopes Brazilians will take advantage of the increased access of their games. He was quoted by news outlets as saying, “We want to reach a younger audience, from the generations Y and Z, the so-called millennials. It’s an audience that is totally included in the digital world and will not go to a lottery store to bet or pay their bills.”

Caixa forecast a 3% increase in betting volume as a result of making the lottery games available online. Chief Executive Nelson Souza said that with the new system in place, the bank looks to charge 12% of total revenue from ticket sales, whereas before they took 10% of revenue of tickets sold in the conventional manner.

“The new service benefits bettors, lottery players and the general population… The collection and the prizes offered will increase, motivating the bettors to carry out more games. Consequently, it also increases the transfer of the Lotteries to important sectors of society,” Souza said.

Wazdan pulls a rabbit from the hat with Rabbit Entertainment deal

Thursday, August 16; 2018, Malta – Maltese operator Rabbit Entertainment has partnered up with Wazdan to integrate the technology provider’s award-winning games into its online casino platform Lapalingo.com which spells yet another success for Wazdan.

Rabbit Entertainment provides white label solutions, an integrated games platform with online casino games like slots, table games, keno, video poker and live casino from a wide range of world-class producers, as well as advanced cash and user management solutions to monitor players and transactions.

Lapalingo.com was developed to create a valuable online casino that offers a wide variety of carefully selected games. Lapalingo provides a multitude of exciting games including Wazdan’s portfolio of over 110 HTML5 slots for desktop, tablets and mobile including 2018 releases: Great Book of Magic Deluxe, Magic of the Ring Deluxe, Magic Stars 3, Fruit Mania Deluxe, Sizzling 777 Deluxe, Hot Party Deluxe, Corrida Romance Deluxe, Football Mania Deluxe, Tetri Mania Deluxe, High­way to Hell Deluxe, Fruits Go Bananas™ and Spectrum.

Wazdan has been gaining significant traction in the industry this year. The company having opened a new European office in Malta with a big party in May, won the Hot Product Award at G2E Asia, was an award-winner at MiGEA, was nominated for the EGR awards and four CEEG Awards, released a slew of new games and signed with some of the biggest names in the industry including EveryMatrix, Videoslots, SlotMillions, Tipbet, Iforium, iSoftbet, Evenbets, Groove Gaming, Globalplay and now Rabbit Entertainment, amongst others.