Monthly Archives: August 2018

GeoComply receives interim approval as sports wagering supplier in West Virginia

August 8, 2018 (Vancouver, Canada) – GeoComply today announced that it has received interim approval as a sports waging supplier in West Virginia for its geolocation compliance solution. The interim licensing is a necessary step prior to receiving full approval from the West Virginia Lottery, which regulates all forms of gaming and gambling in the state.

“We are really pleased to have GeoComply as our first sports wagering supplier to be approved in West Virginia,” says Danielle Boyd, Managing General Counsel for the West Virginia Lottery. “With the recent repeal of PASPA, we have set a very aggressive timeline for introducing sports wagering in the state, and are happy to have GeoComply show its readiness to support our launch in time for the new NFL season.”

“West Virginia has been very proactive in their goal to become among the first states to introduce legal online sports wagering and we are grateful for the support they have shown us in the licensing process,” says David Briggs, CEO of GeoComply Solutions. “We are now ready to supply compliance-grade geolocation solutions to the local operators and partners in the West Virginia to get online sports wagering up and running in the state.”

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Duterte shuts Philippines’ doors to new casinos

Philippine President Rodrigo Duterte has had enough of new casinos in the Southeast Asian country.

On Wednesday, The Philippine Daily Inquirer reported that Duterte has ordered state regulator Philippine Amusement and Gaming Corporation (PAGCOR) to stop issuing casino licenses to new investors, several days after he fired the entire Nayong Pilipino Foundation (NPF) board and management over a “flawed” casino land lease deal.

“There will be no casinos outside of what was existing,” Duterte said in a speech during the police service anniversary at the Philippine National Police headquarters, according to the news outlet.

The casino land lease deal that Duterte was referring to was the agreement that the NPF executives signed with Hong Kong-listed casino investor Landing International Development Ltd. (LIDL).

Paddy Power Betfair trims outlook despite robust H1 bottom line

Irish bookmaker Paddy Power Betfair (PPB) remained pessimistic about its full-year 2018 outlook even as its revenues accelerated at a faster pace in the second quarter of the year.

In a regulatory filing, PPB estimated that its full-year EBITDA will land in between £460 million ($591.43 million) and £480 million ($617.14 million) due to the introduction of additional taxes and losses from its growing U.S. business.

The latest figures were much lower compared to the EBITDA estimates of in between £470 million ($604.28 million) and £495 million ($636.43 million) that PPB issued in May. PPB cited several factors for the downward revision of its full-year EBITDA, including the introduction of new Australian taxes, the integration of FanDuel operations in the U.S., and lower horse-racing revenues at its Betfair exchange.

“[T]he downgrade to [PPB’s] earnings guidance is a reminder of the regulatory risks the company faces in Australia and the UK, not to mention the execution challenges it faces in the US,” Senior Market Analyst Fiona Cincotta of UK-based brokerage City Index said in a statement.

Mansion Group signs with Rightlander

Supplier to help tier one operator improve affiliate compliance

Gibraltar – 8th August, 2018 – Mansion Group today announce they have signed with Rightlander in a move to improve their affiliate compliance and enhance their overall responsible marketing strategy.

Rightlander’s technology scans affiliate websites, monitoring all activity which mentions or links to the Mansion brands, whilst also searching for certain events and conditions defined by the operator.

The best-in-class tools will allow Mansion to be at the cutting edge of compliance monitoring; working in partnership with their affiliates to guarantee a safe and compliant experience for all affiliate traffic.

Wazdan signs significant SoftGamings deal

Online casino platform provider and games aggregator SoftGamings has signed up innovative game-maker Wazdan to power up the slots available through SoftGamings casino platform.

SoftGamings platform is a modern system for both iGaming startups and experienced operators worldwide. SoftGamings is one of the world’s most original developers of gaming platforms and a key supplier of robust, turnkey gaming solutions. The company specialises in as a B2B casino platforms provider and gaming systems aggregator. With over 10 years industry experience SoftGamings provides an impressive range of solutions including White Label, Turnkey, Self-Service, Bitcoin platform solutions, Bonus System Standalone feature, Sportsbook solution, Slots Bundle, Live Bundle and Casino Games Integration.

SoftGamings products portfolio includes more than 40 gaming suppliers and a dazzling array of over 3000 games, with the addition now of Wazdan’s catalogue that incorporates the Unique Wazdan Features, that include the world’s first Volatility LevelsTM, Energy Saving Mode, Double Screen Mode and Unique Gamble Feature which deliver outstanding player engagement and casino revenue across Wazdan’s HTML5 slots for mobile, tablet and desktop. Wazdan joins a who’s who of game developers on SoftGamings platform including NetEnt, Microgaming, BetSoft, Endorphina, Habanero, Booming Games and WorldMatch, amongst others.

Wazdan’s portfolio of over 110 HTML5 slots including 2018 iGB Live! releases Fruits Go BananasTM and Spectrum will be available along with recent releases like Great Book of Magic Deluxe, 9 Lions, Double Tigers, Sizzling 777 Deluxe, Hot Party Deluxe, Corrida Romance Deluxe, Football Mania Deluxe, Corrida Romance Deluxe, Highway to Hell Deluxe. Upcoming games include the eagerly anticipated Los MuertosTM, a game which celebrates the unique Mexican holiday Day of the Dead, Mayan Ritual a slot that explores the mystery of the lost ancient culture of the Maya, and Slot Jam, a fruity game with juicy cash prizes.

Crypto mining scam sends Macau authorities into a tizzy

A scam perpetrated by a Hong Kong-based cryptocurrency mining company that saw around 70 Macau locals lose $2.5 million has the city’s Monetary Authority of Macao (AMCM) scrambling. The agency has issued an advisory cautioning everyone to stay away from cryptocurrencies in light of the scam, which centers on Hong Kong’s Genesis Hong Kong Ltd. company and Forger Tech.

In a report by the Macau News Agency, the president of the General Assembly of the Macau Civil Servant’s Association (MCSA), Rita Botelho dos Santos, is preparing complaints against Genesis and Forger Tech after they defaulted on payments equaling US$2.5 million following agreements signed with over 70 Macau residents. Those residents, as it has now been revealed, were duped into investing in Genesis, which reportedly was going to make crypto mining equipment. Dos Santos has already filed a complaint against the company’s two majority shareholders, Hong Kit Law and Dennis Lau Tin Chun.

A sworn statement posted on Facebook in July by Santos’ son and founder of Macau’s Grow uP eSports organization, Frederico Alexandre dos Santos Rosario, noted that about US$815,288 of the invested money had been returned. He further stated that Genesis had led seven funding rounds, but that investors had only received capital on their contributions for the initial three rounds, with none having received profits.

Genesis and Forger conducted a seminar at the MCSA headquarters in January in conjunction with Grow uP eSports. At least 70 Macau residents agreed to invest and signed 142 participation agreements with the two firms that saw the investors transfer funds to bank accounts held in Lau’s name.

Hellmuth gets close and personal with the Kardashians at poker charity event

A poker tournament for charity recently organized by the Kardashian clan saw a star-studded turnout raise money for a worthy cause. On hand to emcee the event was poker’s own brat, Phil Hellmuth, who took advantage of the opportunity to rub elbows with several members of the reality TV celebrity family. The event was a huge success, raising tens of thousands of dollars for the City of Hope, a non-profit center in California that specializes in research and treatment of cancer.

The “If Only” tournament was hosted by music manager Irving Azoff—the man behind such talent as the Eagles, Fleetwood Mac, Bon Jovi, Jimmy Buffett and Van Halen—and his wife, Shelli Azoff. On hand were Kris Jenner, Kendall Jenner, as well as Khloé and Kim Kardashian. Each of them hosted their own poker tables, with some players paying as much as $7,500 for a chance to sit at the same table as Kim.

Winners were not awarded money for taking down their tables. Instead, valuable prizes were offered, including a first-place prize package that included front row tickets and a meet and greet with the Eagles, a second-place package with front row tickets to a Fleetwood Mac concert and a meet and greet with Stevie Knicks. A Lorraine Schwartz “Diamond Against Evil Eve” bracelet worth $17,000 was also thrown into the mix.

Some of the participants in the tournament included names like Cameron Crowe, David Arquette, Meghan Trainor, Kevin Pollack, Chris Harrison and Brando Cantu. Phil Hellmuth provided colorful commentary throughout the tournament, allowing his poker expertise to guide the tables.

Jeju operations drag Bloomberry’s Q2 net profit down 18%

Philippine-listed casino operator Bloomberry Resorts Corp.’s Jeju operations is turning out to be the company’s Achilles heels that prevents it from taking off.

Bloomberry reported on Tuesday a net revenue of PHP10.60 billion ($199.77 million) in the three months that ended June 30, 2018, up 7.7 percent against the PHP9.83 billion ($185.26 million) it posted in the same period last year.

Its consolidated EBITDA also grew 3 percent to PHP3.75 billion ($70.72 million) in the second quarter of 2018, according to Bloomberry.

However, Bloomberry’s net profit slid 18 percent to PHP1.62 billion ($30.53 million) in April to June 30, 2018 period from the P1.959 billion ($36.92 million) it posted in Q2 2018. In a regulatory filing, Bloomberry its operations in South Korea as the culprit behind the net profit decline.

Delaware casinos see serious sports betting action in latest fiscal month

According to recently published data from The Delaware Lottery, the state’s three casinos, they reportedly saw $8 million in sports wagers placed between June 25 and July 29 of 2018. The majority of the bets, $5.8 million, were placed at Delaware Park, which welcomed the bulk of the traffic due to its access to out-of-state gamblers in New Jersey, Maryland and Pennsylvania. Of all the money collected, after giving the requisite cuts to the government and to their racetracks, $185,000 net was earned by the three casinos.

Gamblers were the biggest winners in the last month, only the second month that sports gambling has been legal in the state. For the 20 days that sports gambling was available in June, gamblers picked up about $1 million less than the total wagered amount—$7 million vs. $6 million. In July’s fiscal month, which runs through the last Sunday of the month, they took home just under $7.7 million.

Part of the draw came from the FIFA World Cup soccer tournaments, which wrapped up mid-July. Now that it’s behind us, all eyes are on the NFL and college football. The NFL is already in its pre-season and college football gets under way at the end of August.

The state earned a total of $875,000 in proceeds for the month of June, and added another $230,614 in July. This represents 50% of the total proceeds received by the three casinos.

Ladbrokes Australia partners with Sportcast to create first-of-a-kind, boundaryless multi experience

Multiverse removes limitations on accumulator betting, giving punters freedom to create same game multis and combine them with any bet.

LADBROKES AUSTRALIA and pioneering software provider, SPORTCAST have teamed up to knock down the walls of multiples betting and launch the most customizable experience on the market.

In an industry first, the operator’s Multiverse platform enables punters to combine any bet, including new Same Game Multi and singles bets from any sport or racing event, all within the same accumulator.

After adding selections, punters can switch on or off any combinations of singles and Same Game Multis, with prices instantly updated within the betslip.