Category Archives: Esports

Peter-Paul de Goeji is intent on opening doors in the Dutch online gambling industry

As regulators put the finishing touches to the legislation related to online gambling, NOGA Managing Director Peter-Paul de Goeji wants to ensure that welcome mat is ready for new operators, and he took some time out to explain their journey to our very own Becky Liggero Fontana.

Goeji is in charge of the trade association that can open doors for new operators in the Netherlands. “NOGA is a new name for an organization that has been around for a time already. NOGA has built on the foundations that were laid by an organization called stifling spiel vrandor which was a foundation translated in English that means play responsibly,” Goeji explains.

The board of directors of the foundation decided that they wanted to become a full-blown trade association with members and increase the number of members and take on more responsibilities towards the gambling industry and also the protection of consumers.

https://www.youtube.com/watch?v=CramXlODwN0Video can’t be loaded because JavaScript is disabled: Peter-Paul de Goeji is intent on opening doors in the Dutch online gambling industry (https://www.youtube.com/watch?v=CramXlODwN0)

Notorious sports gambler’s insider trading sentence commuted by Trump

Billy Walters was well-known in the sports gambling realm for years before being busted for securities fraud. He hadn’t been satisfied with the money he was warning as a gambler and, in 2017, was shipped off to prison after being found guilty of insider trading linked to Dean Foods that put $32 million in his pocket. Walters, often lucky in gambling, got lucky in front of the judge, receiving a sentence of only five years when he could have been locked up for 20 years. He’s now gotten lucky once again, with outgoing President of the U.S. (POTUS) Trump commuting the remainder of his five-year sentence.

Walters, who has previously been called a “cheater” and a “criminal” by at least one judge, may have been playing the odds when he tried to find support from Trump. U.S. presidents leaving office will often grant a number of pardons and commutations and Walters had reportedly reached out to former Trump attorney John Dowd ahead of Trump’s exit to see if he could lend a hand. Dowd had been working for Walters for several years, according to the New York Times, but it isn’t clear in what capacity. Dowd was reportedly paid “tens of thousands of dollars” in representing Walters since first taking him on as a client in 2018.

The goal was for Walters to receive a full pardon from Trump, but that didn’t happen. A pardon signed by POTUS is a big deal and something worn like a badge of honor. Any pardon essentially dismisses all charges against the individual and strikes the conviction from his or her record, and a POTUS-signed pardon means the person received extra special treatment.

However, despite all efforts, Walters was only given a commutation by Trump. This results in the remainder of a prison sentence being waived; however, unlike a pardon, it doesn’t remove the conviction from the permanent record of the individual. Still, Walters will take what he can get.

Allied Esports gives up on World Poker Tour, eSports operations

Allied Esports Entertainment has decided it no longer wants to be involved in the poker and eSports industries. The China-based company is reportedly in talks to sell its ownership of the World Poker Tour (WPT), as well as its eSports endeavors, with two entities, and the sale of the WPT is apparently a done deal. There’s a rumor that Allied might be looking to become the next big real estate investment trust (REIT) after offloading its assets.

Allied has already signed a definitive agreement to sell the WPT to Element Partners LLC, a privately-owned investment firm. Element is going to give Allied a total of $78.25 million for the purchase, which will consist of an upfront payment of $68.25 million and a guaranteed revenue share of 5% of any entry fees for WPT-branded tournaments or revenue from Element’s licensed gaming platforms. The latter is capped at $10 million and is payable over three years after the deal is closed, with the final signatures and approvals expected to be in place before the middle of next month. All that remains is to convince company shareholders and regulators that the deal makes sense.

Allied explained of the potential sale of the WPT, “Due to COVID-19’s impact on the Company’s overall revenue generation and profitability timeline, we believe the forthcoming sale of the WPT business will garner significant capital and an avenue to determine new opportunities that will deliver accelerated returns for our stakeholders.”

The eSports industry gained significant ground last year as more people turned to the activity while on COVID-19 lockdown. However, Allied is apparently willing to let its Allied Esports business change hands and is working with Lake Street Capital Markets to figure out its next move. There is nothing definitive in place yet, but the company indicates its willingness to sell its eSports operations if the right offer comes along. As an alternative, it would consider “strategic options” to advance its eSports activity.

Analysts: Don’t count on VIP gamblers for post COVID-19 recovery

The writing has actually been on the wall for the past couple of years, but is now highlighted more than ever. VIP gambling is no longer going to be the cash cow for casinos that it may have once been, and casino operators should start preparing now for a different gambling environment. Those that don’t will be left behind, struggling to figure out why their wells are drying up.

Especially for Macau, VIP gambling is rapidly tapering off and this will extend to other parts of the world, as well. Industry analysts almost unanimously assert that Macau’s VIP activity will stay weaker this year than it was two years ago and that it might be as long as five years before any type of turnaround is seen. Vitaly Umansky, Tianjiao Yu and Kelsey Zhu, analysts with Sanford C. Bernstein, assert that gross gaming revenue (GGR) from the VIP sector will “be below 2019 levels by 2025.”

In the summer of 2019, Macau’s VIP gaming sector showed signs of being weaker than that of the mass gaming sector. Last year, in the third quarter, mass market activity continued to outperform VIP gambling. For all of 2020, VIP gambling in Macau saw its lowest revenue share on record. In addition to the ongoing COVID-19 battle, this drop is also fueled by pressure being exerted in China, which is clamping down on money transfers, junkets and cross-border casino marketing. This has scared off some of the high rollers and, as the country continues to strengthen its anti-gambling position, things can only get worse for the VIP gambling segment. Bernstein’s analysts predict that VIP gambling will only reach 50% of the level it was in 2019 this year, while mass gambling will find recover of 75% of 2019’s numbers.

There is a silver lining, however, that should give casino operators a reason to be happy. The analysts believe that the drop in VIP action could lead to an increase in other segments, such as premium direct and premium mass, and explain, “In the early stage of recovery, we expect operators who have outsized relative positions in premium mass to fundamentally outperform (Melco and Wynn Macau top picks) over the next 6+ months, as premium customers are less affected by the economic impact related to COVID-19 and fewer numbers of customers are necessary to drive GGR growth.”

Osaka pushes unification to bolster IR casino efforts

Osaka, both the prefecture and the city, are pushing ahead their Integrated Resort (IR) plans in the same effort that will see the two administrations combined. The two bodies have chosen April 1, 2021 as the date to unify into an area-wide administration, bringing them closer together and eliminating overlap, while seeking avenues for growth.

Part of the effort will include preparations for the 2025 World Expo and Osaka’s IR bid. The overall goal is to boost Osaka into a new level of growth and development, making it Japan’s de facto second capital, after Tokyo. Having a world class IR would definitely help that effort.

Under the previously defeated Osaka Metropolis Plan, Osaka as a city would be abolished, and reorganized into four wards. That was voted down in November 2020, leading to this new effort that would see a Osaka Cooperation Council established, with the governor as the head and the mayor as the deputy manager in policy decisions. It will be considered on January 22, and officially proposed in February.

The Liberal Democratic Party opposes the effort, citing the previously failed plan. “Public opinion has been demonstrated through a referendum and Osaka city should retain full authority,” they note. With no majority yet supporting unification, it’s unclear if the measure will go forward, and critics state that April 1 is too soon to expect a clean evolution of the region into a one administration territory.

Atlantic City casinos to continue under COVID-19 restrictions

Not too long ago, Atlantic City was a thriving gambling hub on the East Coast of the U.S., the main casino epicenter along the Eastern Seaboard. Then, things started to fall apart for various reasons and New Jersey was forced to step in to put the city back on track. Everything seemed to be going well for a while and, between 2017-2019, Atlantic City casinos started to mount a rebound. That came to a crashing halt last year because of COVID-19 and this year isn’t shaping up to be much better. Already operating under strict lockdown procedures and reduced capacities, the city’s gambling properties are being forced to extend those policies for another 30 days.

As of yesterday, New Jersey Governor Phil Murphy has renewed the state’s anti-COVID-19 policies for another 30 days. He warned in a Twitter post that the “public health emergency’ could be extended again at the end of that period, as well, if there aren’t significant improvements made in the state’s fight against the coronavirus. However, he remains confident that widespread distribution of the COVID-19 vaccine is coming soon and that this will help New Jersey, as well as other states, start to return to normal.

As a result of the extension, casinos will need to keep their current capacity limits, which have been capped at 25% for what seems like an eternity now. Guests and employees of the city’s nine gambling properties will need to wear face masks and table games will still operate with fewer gamblers able to take a seat. Slot machines, as well, will not be as widely available as they were a year ago, with some having been removed to ensure social distancing policies can be followed. In some instances, the machines have simply been rearranged to allow adherence to those policies.

Atlantic City’s gambling market lost 44% of its gross gaming revenue (GGR) last year compared to what had been reported a year earlier. In 2019, the casinos saw a total GGR of $2.7 billion, but this dropped to $1.5 billion last year. Operating profits obviously declined, as well, with the casinos showing gross profits of $68.1 million across the first three quarters of 2020. That was 86% less than what it was in 2019.

New Slots Announcements – January 20, 2021

In the fast-moving world of gambling, sometimes you might miss news that could be important to you. To make sure you’re all caught up on gaming industry news, be it online or brick and mortar, we’re rounding up the some of the announcements and partnerships from the last week that you might have missed.

Don’t miss out on all of the latest announcements from the gambling industry. Our Press Release section is updated constantly, and we publish roundups of the latest partnerships twice a week.

FunFair Technologies harnesses luck of the Irish with Shamrock Treasures

Engaging new slot title invites players to discover gold at the end of the rainbow

China expands use of facial recognition ATMs to combat gambling crime

China believes there is an intrinsic correlation between gambling and crime, one that cannot be separated. It has already begun a crackdown on anyone who would promote gambling, domestic or otherwise, from within its borders and is going to step up its game. New ATMs with facial recognition technology are now in place in the country, with the latest being installed in the city of Zhuhai, just across the border from Macau. GGRAsia explains that many are now found in the city’s Gongbei district, described as one of the busiest land checkpoints between Zhuhai and Macau. 

Part of the reason for the installation of the new cash machines is presumably to monitor who is consistently making withdrawals. Reports of “excessive” ATM withdrawals have made China’s leaders nervous, with the leading theory being that criminals are emptying the machines for cross-border gambling, fraud and other activity. Facial recognition will allegedly help authorities reduce crime, as well as prevent individuals from allowing non-cardholders to use their cards to transfer potentially illicit funds. 

This isn’t the first time that the area has seen ATMs with facial recognition capabilities, but marks a major advance for China. Macau has had similar cash machines installed at various points around the city for the past four years; however, the technology was reportedly meant to be used just to verify the identity of the person withdrawing funds through cards issued by China’s UnionPay bank. Despite those claims, the general consensus has been that the technology was actually being used to monitor cross-border cash activity between the city and mainland China. 

Facial recognition technology has been a touchy subject over the years. Attempts at using it in other parts of the world, in particular by casinos, have led to lawsuits and substantial backlash. However, China feels compelled to do whatever it takes to ensure its laws and policies are followed at all times, even if it means deploying questionable solutions. 

Who will take over from Daniel Craig as the next James Bond

The box office is set to be overcrowded with 2020 blockbusters over the next 12 months, with James Bond one film that is tipped to lead the recovery. While this may be the final outing for Daniel Craig as 007 in Die Another Day, we have the odds on who is the favorite to assume the mantle of MI6’s most famous secret agent.

Peaky Blinders star, Tom Hardy is the favorite at Bodog to become the next Bond at +200. Hardy is working on a Venom sequel for the Marvel Universe and is also rumored to be making a cameo appearance in the next instalment of Spider-Man. Speculation has followed Hardy since 2015 when Daniel Craig was considering dropping out of the role.

 

 

UFC 257 Tips & Preview: Conor McGregor returns to the UFC

UFC 257 returns to prime time this weekend, offering plenty of intrigue around the return of the self-proclaimed king Conor McGregor. The Notorious is on the main card for a rematch with American Dustin Poirier.

There are plenty of subplots to the event on Fight Island this weekend. A win for the Irishman could be enough to draw Khabib Nuramgomedov out of retirement for a lucrative title fight with McGregor.

“Show me something spectacular! Make me come back and fight!”@TeamKhabib’s words to the lightweight division!

The Eagle opens the door to a return following #UFC257 pic.twitter.com/qatDzoR39H

Latest Super MILLION$ final table sees Dario Sammartino in the lead

Dario Sammartino, the 2019 WSOP Main Event runner-up, comes into play at the final table of the latest Super MILLION$ event on GGPoker with the chip lead.

Italy’s Sammartino hit the headlines back in 2019 when he came into the action at the WSOP Main Event final table 7th in chips of the nine players, but he confounded many people’s expectations to get all the way to the heads-up before losing to the eventual champion Hossein Ensan.

Back then, Sammartino would be disappointed to miss out on the title, as you can see in this PokerNews video from the time.

https://www.youtube.com/watch?v=-l9XstJBsDIVideo can’t be loaded because JavaScript is disabled: 2019 World Series of Poker Runner-Up: Dario Sammartino (https://www.youtube.com/watch?v=-l9XstJBsDI)

Sports on Screen: Match of the Day (1964-present)

Since 1964, Match of the Day has been a legendary television programme, broadcasting highlights of top-flight football. In television terms, it is the shiny-backed cockroach of the Sport on Screen landscape and has survived the best part of half a century by sticking to its unique selling points and playing to its strengths.

What are they and could Match of the Day survive another 50 years, or will it eventually be replaced? Let’s wallow in the wonder of a football one-off.

The Origins of an Iconic Show

Match of the Day used to show just one game’s highlights at length on a Saturday night when it first came around, and that was in black and white, too. Coverage was presented by Kenneth Wolstenholme (he of the infamous 1966 World Cup Final commentary “They think it’s all over… it is now!”) for the first three years.

Pennsylvania sets iGaming revenue, sports betting handle records in December

Pennsylvania’s gambling operators set new monthly records for online casino revenue and sports betting handle in December 2020, although it wasn’t enough to rescue the market from posting its first full-year revenue decline since 2014. 

Figures released Tuesday by the Pennsylvania Gaming Control Board (PGCB) show statewide gaming revenue of just $168.7m in the month of December, a 42.2% decline from the same month last year and the third straight month of sequential declines. 

Pennsylvania Gov. Tom Wolf ordered the state’s casinos to close in mid-December in a bid to halt the further spread of COVID-19. As a result, December’s land-based slots revenue was down 77.5% year-on-year to $42.2m, while land-based table games fell 78.2% to just over $17m.

Retail’s loss was online’s gain, as online casino and poker brought in $71.6m in December, handily beating the state’s previous high-water mark of $59.8m set in October 2020. Online slot revenue soared 730% year-on-year to $46.25m, tables gained a lucky 777% to $22.6m and the state’s lone online poker site nudged up a comparatively modest 10.4% to $2.73m. 

Nine Michigan casinos launching online sports betting, iGaming on Friday

Michigan’s online casino and sports betting market will officially launch on Friday (22), just in time for this weekend’s NFL conference championships. 

On Tuesday, the Michigan Gaming Control Board (MGCB) confirmed that nine of the state’s tribal and commercial casino operators and their respective platform providers had been cleared to launch online sports betting and casino games as of noon on Friday. The launch comes 13 months after Gov. Gretchen Whitmer signed the state’s iGaming legislation into law.

The nine lucky operators are six fewer than received preliminary approval in December but the MGCB said additional final approvals would be granted in the coming weeks pending successful testing of operators’ online systems.  

The nine online horses packed into Friday’s starting gate include all three Detroit commercial casinos – Greektown (operating as Penn National Gaming’s Barstool Sportsbook), MGM Grand Detroit (BetMGM) and MotorCity (FanDuel). 

MGM Resorts drops bid to acquire BetMGM partner Entain

US casino operator MGM Resorts has abandoned its bid to acquire its online gambling/sports betting joint venture partner Entain plc, leading to a steep plunge in the latter firm’s share price. 

On Tuesday, MGM issued a statement saying it “does not intend to submit a revised proposal and it will not make a firm offer for Entain.” MGM said it arrived at this decision “after careful consideration and having reflected on the limited recent engagement between the respective companies.” 

The news sparked a massive sell-off of Entain shares, which pushed the price down more than 17% before the panic subsided. Nevertheless, the shares closed out Tuesday’s trading down nearly 12% from Monday’s close. MGM, on the other hand, is currently trading up 3%. 

Early in this new year, MGM publicly expressed interest in acquiring Entain, its partner in the ROAR Digital joint venture, which offers iGaming/betting in multiple US states via the BetMGM brand. After receiving a cooler than expected response to its initial $11b all-stock offer, MGM secured a commitment from shareholder Barry Diller’s InterActive Corp to sweeten the pot by up to $1b in cash.

UFC Fight Night: Chiesa vs. Magny Odds

Odds courtesy of OddsShark.com

It’s obviously a bit of an endeavor and probably fairly expensive for the UFC when it stages cards on its Fight Island in Abu Dhabi simply with all the travel expenses and housing fighters, their camps and organization staff and such. Thus, the UFC generally jams as many cards on Fight Island as possible when it visits there over the span of a few weeks.

That’s good news for MMA bettors this week as there’s a Fight Night Card on Wednesday morning Eastern time headlined by a welterweight bout between Americans Michael Chiesa and Neil Magny. The prelims get underway at 9 a.m. ET and the main card at noon ET, shown on ESPN and ESPN+.

A welterweight bout between Leon Edwards and Khamzat Chimaev was originally expected to headline this event but both guys ended up catching COVID-19.

Commentator Bingo gambling action falls from the Sky

Sky Bet’s latest sports gambling market has come crashing to the ground without a parachute. The gambling operator had recently introduced “Commentator Bingo” as a way to branch out into other gambling avenues, but it turned out to be a complete dud. The company, per a report by SBC News, has announced that it has shelved the idea after receiving a serious amount of backlash, pulling it just ahead of this Sunday’s English Premier League game between rivals Manchester United and Liverpool.

Commentator Bingo was presented as a way for gamblers to place bets on “exact words and phrases” that commentators might use during the game. Sky Sports is broadcasting the game, with Martin Tyler, Gary Neville and Jamie Carragher set to provide the commentator, and Twitter apparently exploded with criticism over the concept. However, some of the backlash may have been misdirected, as it’s possible that some Twitter uses erroneously linked Sky Bet with Sky Sports, even though they’re two separate and independent companies. 

Sky Bet was probably more concerned about the high-profile criticism it received for Commentator Bingo than it was over the reaction of Twitter users. Carolyn Harris, a U.K. Member of Parliament and the chair of the Gambling Related Harm All Party Parliamentary Group, was not impressed with the activity and told The Athletic that it was “astounding, unbelievable and predatory.” She added, “Where are the limits? What are the boundaries on what these companies are going to take a bet on? I am aghast that they try to find a betting opportunity in every minute of the day.”

Possibly unaware of how the new gambling option would be taken, Sky Bet has most likely just reignited anti-gambling flames in the U.K. The country has already been cracking down on how gambling operators manage their activity and a number of new policies have been introduced over the past two years that limit revenue-generating possibilities. Offering options such as Commentator Bingo are not against U.K.’s gambling laws; however, operators should now expect that to change in the very near future.

Playtech sports gambling products find a new home in Danske Spil

Playtech Sports is gaining more ground in Europe. The gambling software developer has struck a deal with Danske Spil to introduce new virtual sports gambling products, helping Denmark’s national lottery operator expand its lineup. The products are reportedly in place already and offer a variety of options that will appeal to all types of sports gambling enthusiasts.

Danske Spil has chosen eight titles to offer, including soccer, basketball, tennis, greyhound racing, horse racing, motorsports, cycling and competitive running. The operator will provide simulation-based odds for the virtual products, giving gamblers the ability to study the finer details of the event before placing their bets. Danske Spil CEO Pernille Mehl said of the new content and the deal with Playtech, “We are pleased to launch a new product vertical in our product portfolio. It is a different product than the classic lottery, which hopefully can attract new customers to our business.”

Playtech has already seen its novel offerings introduced to GVC, MansionBet and OPAP. A year ago, it added its QUANTUM digital gambling solution to OPAP’s platform, a move that proved to give OPAP a strong boost as the gambling industry continued to be pummeled by COVID-19. Playtech creates its virtual sports offerings with the assistance of advanced motion capture film recording, which has become exceedingly popular since it was introduced.

Playtech’s Director of Virtual Sports, Richard Andrews, adds about the new relationship with Danske Spil, “We’ve seen player engagement for our virtual sports outmatch even our most optimistic expectations in recent months, and we’re delighted to announce that Danske Spil has launched our innovative virtual sports portfolio. We’re thrilled to offer the industry’s most exciting simulation of live sports available with our latest collaboration. Danske Spil have customised the product specifically for their Danish players and we have no doubt it will prove to be a strong revenue driver and a firm player favourite.” Danske Spil took a hit last year because of COVID-19 and the new options should help it find renewed support. The first half of 2020 brought a 7.8% reduction in revenue compared to the same period a year earlier, even though the company was able to limit its profit losses to just 2.9% year-on-year. Much of that loss was due to the pause in sports activity in the half, which led to fewer sports wagers, and Danske Spil was able to rely on its lottery options to help offset some of the losses.

Play’n GO to sponsor several panels at the European Gaming and Gaming Americas Quarterly Meetups in 2021

Transylvania – 19 January 2021 –

Leading supplier for slot gaming in the casino industry all virtual quarterly meetups by Hipther Agency through 2021

The team at Hipther Agency, organizers of the European Gaming & Gaming Americas Quarterly Meetups, is excited to announce the support of Play’n GO as panel sponsor for multiple discussions all through the 8 quarterly meetups in 2021.

Based on several surveys and feedback, the team at Hipther Agency has made the necessary steps to support the gaming industry’s informational needs all through the year.

Realtors warn POGO exodus will get much worse

If there’s any doubt that a POGO (Philippines Offshore Gambling Operator) exodus is happening, we need only look to the real estate sector to find out the truth. The Lobien Realty Group (LRG) is warning Metro Manila vacancy rates could nearly double in 2021, at the rate operators are currently leaving the city.

In a media briefing, LRG chief executive officer Sheila Lobien noted the city closed 2020 with an 8% vacancy rate. “We feel that in the next few months, this can be double digit 12 percent to probably 14 percent vacancy rate… because many office buildings are being vacated. The exit of POGO affected the market’s vacancy rate,’’ Lobien said.

There will be a huge knock-on effect from this to landlords. Rental rates are expected to drop anywhere from 25 to 30%. Lobien explained that current rates have remained high thanks to some crafty budget management by property owners:

“[Rates] have not reflected the decrease due to the POGOs’ contractual agreements of about a year’s worth of security and advance deposits, which protected the landlords’ rent income during the lockdowns and despite the numerous lease pre-terminations.”