Regions: US New Hampshire Subscribe to the iGaming newsletter NH Lottery vendor blasts DOJ over Wire Act ‘charade’ Email Address 3rd May 2019 | By contenteditor NeoPollard Interactive, the vendor for the New Hampshire Lottery, has hit out at the Department of Justice (DOJ) for its uncertainty over whether the Wire Act applies to interstate and online lotteries, calling for the “charade to end”. Legal & compliance NeoPollard Interactive, the vendor for the New Hampshire Lottery, has hit out at the Department of Justice (DOJ) over its uncertainty as to whether the Wire Act applies to interstate and online lotteries, calling for the “charade to end”.The DOJ is in the process of reviewing whether the 1961 Wire Act covers state lotteries and their vendors, having already made several statements on the case this year.In January, the DOJ revised its 2011 ruling on the Wire Act to state that the law’s prohibition applies to all forms of gambling and not just sports betting. However, the DOJ last month said that this revised stance does not address the legality of interstate and online lotteries.The April filing came in response to a legal challenge from New Hampshire over the revised opinion, and NeoPollard has now made a further filing on the matter in New Hampshire District Court.In its filing, NeoPollard said the Wire Act is a criminal statute that imposes severe penalties, including lengthy terms of imprisonment, on violators and that the authority of the existing Act should not be understated.NeoPollard also notes that violations of the Act can serve as predicates for criminal prosecution under the Racketeer Influenced and Corrupt Organisations Act, which carries longer prison sentences.“This charade must end,” the filing said. “The plain truth is that whatever the Department might later conclude, there is no definitive case law to conclude that vendors to state lotteries such as NeoPollard can be categorically removed from the ambit of the Wire Act.“The only path forward for NeoPollard is that charted by the Department’s 2011 opinion: a conclusion that the Wire Act is limited to sports betting.“The Department’s recent interpretive gymnastics make clear that only a declaratory judgment from this Court, not further discretionary forbearance from prosecution, and certainly not a new opinion from the Office of Legal Counsel, can relieve NeoPollard from the threat of criminal liability and the many collateral consequences that flow from that.”NeoPollard goes on to say in the filing that the court should resolve its claim for a declaratory judgment that the Wire Act does not apply beyond sports gambling, saying there is no support for excluding state vendors from the Wire Act’s sweep.“NeoPollard has sought a declaratory judgment that the Wire Act covers only sports gambling, and they are entitled to that relief,” the filing added.The New Hampshire Lottery maintains that the revised opinion could force it to withdraw certain games, resulting in the loss of around $90m (£69.1m/€80.6m) for the state each year.A ban on interstate gambling transmissions could cut sales by 25% per year, while a ban on multi-state games such as Powerball is likely to reduce lottery revenue by up to $80m per annum, the lottery stated in its lawsuit filed in February. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Legal & compliance Lottery Sports betting
Topics: Legal & compliance Sports betting Horse racing Tags: Race Track and Racino The Arena Racing Company (ARC) and The Racing Partnership (TRP) have won a High Court case against Satellite Information Services (SIS) for the unlawful use of racing data from a number of its UK racecourses. Horse racing ARC and TRP victorious in SIS data rights case Subscribe to the iGaming newsletter Regions: UK & Ireland 8th May 2019 | By contenteditor The Arena Racing Company (ARC) and The Racing Partnership (TRP) have won a High Court case against Satellite Information Services (SIS) for the unlawful use of racing data from a number of its UK racecourses.The UK’s High Court has ruled SIS and the Tote breached duties of confidence by unlawfully taking, supplying and commercially exploiting data without the full permission of either the ARC or TRP.Raceday data includes the state of the course, the withdrawal of any horses, changes in jockeys, the exact start and finish time of a race, stewards’ enquiries, photo finishes and the result.The legal process will now move forward to determine the amount of damages payable by SIS to TRP.TRP was set up to exclusively license media rights from horse race meetings at ARC and other independent racecourses, direct to retail bookmakers and other betting operators. Customers such as William Hill, Paddy Power and various independent operators contracted directly with TRP to receive a rights package comprising live data and audio-visual coverage for fixtures from Doncaster, Lingfield Park, Southwell, Royal Windsor, Wolverhampton and Worcester from the start of 2017.However, it transpired that the retail estates of Ladbrokes, Coral and Betfred did not contract with TRP to secure the supply of live data and TV coverage from the racecourses. Instead, the bookmakers compiled data from other sources to create an unofficial service from the Tote’s presence on-course and other sources through SIS, without payment to TRP.As a result, TRP in January 2017 launched High Court proceedings against SIS and the Honourable Mr Justice Zacaroli has now ruled that SIS was fully aware of the requirements related to this data in terms of payment owed to TRP.In a 96-page judgment, Justice Zacaroli said SIS was aware that the ARC imposed restrictions on the use of raceday data on all attendees and the ARC had granted exclusive rights to exploit the data for fixed-odds betting purposes to TRP.SIS was also aware that there was considerable commercial value in being able to disseminate data to off-course bookmakers as soon as possible, while the Tote had no contractual arrangement with ARC regulating its entitlement to collect, or sub-licence to others the data.The Tote did have the right to be on the Arena Racecourses, but this had only ever been exercised for the purposes of pool betting. Justice Zacaroli said SIS would have been aware that any other use of this data would breach confidence.Although Justice Zacaroli said that ARC and TRP had not made good their other claims in conspiracy through unlawful means, he concluded SIS is liable to the claimants under a separate direct claim for breach of confidence.“In these circumstances, and given that SIS is the only remaining defendant in the action, it is difficult to see what a finding that SIS was also liable in conspiracy would add,” Justice Zacaroli said.During the trial, SIS admitted it was not entitled to take and commercially exploit Raceday Data from third-party websites carrying the official data from TRP’s media rights package, and its practice of doing so infringed TRP’s database rights and was unlawful.SIS also said it was not entitled to use data from betting exchanges to create and commercially exploit betting prices without authorisation from these exchanges, and its practice of doing so was again unlawful.In addition, SIS admitted to breaching the terms of a data licence with TRP by supplying data to certain bookmakers not licensed by TRP to receive it.ARC chief executive Martin Cruddace praised the ruling, saying he was pleased the High Court has recognised the validity and enforceability of its exclusive rights to the data created and collected on its racecourses.“We welcome the fact that the judgment gives a ruling on the rights in and protection of raceday data which is important to all of British Horse Racing,” he said.“It is clear and, in our view, beyond any reasonable dispute that Ladbrokes, Coral and Betfred were only able to not enter into media rights agreements with TRP, on proper commercial terms (between Jan 1st and late July 2017), because of their access to raceday data unlawfully supplied by SIS, and it follows that SIS is responsible for the very significant damages to which TRP is entitled.“We will now expeditiously commence the proceedings to determine the quantum of damages and will continue to monitor any infringements of our rights and take appropriate action wherever such infringements are found.”Ladbrokes, Coral and Betfred are yet to comment on the ruling.Image: Carine06 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address
High hopes: regulatory prospects in Brazil In an exclusive extract from iGB’s Brazil e-zine, Scott Longley runs the rule over the various gaming bills now in play and how they are likely to translate into the marketIt was departing Brazilian President Michel Temer who set the ball in motion on the regulation of both online and retail sports betting as an approved lottery game in the country.Reform bill PM 846, signed by Temer in December last year and then becoming Law 13,756/2018, set up a two-year period during which the Ministry of Finance, now under the instruction of the new government of Jair Bolsonaro, would look into how it wishes to best implement a new system of oversight of sports betting.It’s an enticing prospect. According to the leisure and gaming analyst team at Morgan Stanley, the market could be worth up to £1.1bn within five years as a base case and up to £1.6bn in a more optimistic scenario.Much will depend on how the government chooses to regulate. The new bill certainly marks a step forward from the current situation in Brazil, where the only explicitly regulated gaming comes via the lottery, which is run by the Caixa Econômica Federal Bank under the supervision of the Ministry of Finance, and legal horse racing.The size of the offshore market is up for debate. According to a report from the Brazilian Legal Gaming Institute (Instituto Jogo Legal), the illegal gambling market (i.e., not just online) was worth up to $6.4bn in gross gaming revenue (GGR) terms while a report commissioned by the Remote Gaming Association (RGA) and conducted by KPMG in late 2017 estimated offshore online GGR to be worth $2.1bn (£1.6bn) annually.Current offerings in Brazil There are three official horse racing offerings. One is Suaposta, operated by Club do Rio Grande do Sul in conjunction with the Spanish gaming giant Codere. French tote operator PMU also works in the country with the Jockey Club Brasileiro, while the Jockey Club de Sāo Paulo operates the website WebTurfe.Poker has been recognised as a game of skill and therefore is not subject to legislation, meaning operators are allowed to advertise. The country has always been a strong market for the likes of PokerStars and 888, both of which will doubtless be hoping to leverage their brand positioning in sports. There are two large poker tournaments that take place in Brazil: the WSOP Brazil and the Brazilian Series of Poker.The sports betting opportunity Having passed the first stage, the various stakeholders now await the outcome of the two-year framing process. The bill states that it should be a “competitive environment” but goes no further in outlining what is envisioned. As the Morgan Stanley team notes, this might imply an open licensing process, with a potentially unlimited number of licensees, or the government might simply opt for a single licence via the lottery concession. Luiz Felipe Maia, a lawyer at FYMSA Advogados, thinks that limiting the number of licences would be of no benefit. “[If we do this] we will only be creating excuses for unlicensed operators to continue operating offshore,” he says.“Regulation must create the necessary conditions to attract all operators willing to invest in our country and to comply with our rules, which will set the highest standards based on international best practices.“I really believe we will have an open number of licensees and will let the market define the ideal number of companies.”According to Morgan Stanley, another possibility is for the government to opt for a limited number of licensees, likely accompanied by some upfront capex spend.Maximiliano De Muro, former regional manager in Latin America for Mr Green, says this would give the government the option of widening licensing at a later date. “The government would like to see how it goes first,” he explains.The decision over the route taken will emerge next year, according to Marcelo Munhoz da Rocha, a gaming consultant with BetConsult in Brazil. “What we have been hearing is that until the end of 2019 the regulation for sports betting [to] be finished, and that the initial processes of the licence granting shall happen in early 2020.” It has also yet to be determined whether the legislation will encompass both retail and online within its purview and also whether it might be implemented on a regional basis. We do, however, know the tax structure.Morgan Stanley says online operators would be subject to a minimum payout of 89%, with gross win capped at 8% and the remaining 3% handle to be remitted as tax. However, it notes that this could change, suggesting that a mid-20% rate has been mooted.Key legislation in Brazil Law 13756/2018 offers fixed-odds betting as a lottery product, granting powers for the Ministry of Finance to regulate it and issue licences over two years, renewable for the same term, from the publication of the law.The instant lottery (Lotex) privatisation tender was scheduled to be held on 26 April, with the winner to have a monopoly for 15 years to operate the instant lottery both online and offline. However, shortly before the auction it was announced that the date was to be postponed, for a fifth time.Online casino is under discussion in two different bills: PLS 186/2014, in the Senate, and PL 442/1991, in the Chamber of Deputies.In February the integrated casino bill PL 530/2019 was introduced to Congress to authorise 32 casinos within integrated reports across the country.The Brazil e-zine will be published in full in the coming week. Tags: Mobile Online Gambling OTB and Betting Shops Race Track and Racino Subscribe to the iGaming newsletter Topics: Casino & games Legal & compliance Sports betting Bingo Horse racing Regions: LATAM Brazil AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Bingo 15th May 2019 | By contenteditor In an exclusive extract from iGB’s Brazil e-zine, Scott Longley runs the rule over the various gaming bills now in play and how they are likely to translate into the market Email Address
A new report from Stats Perform and Starlizard Integrity Services has revealed a slight decline in suspicious betting activity concerning football in 2018, though two matches at the highest level of the game were flagged for potential corruption for the first time.In addition there was a disproportionately high level of unusual activity around youth football, and despite a decline in the number of matches in Asia being flagged, it remained the largest region for suspicious activity.In total, however, only 0.61% of all matches monitored were classed as suspicious.The second annual Suspicious Betting Trends in Global Football report, compiled by Stats Perform and Starlizard in partnership with data specialst TxOdds identified suspicious betting patterns around 377 matches over the year.This marks a decline from 2017 — when 397 matches were flagged — despite an increase in the number of matches monitored to 62,250, across 115 countries and including youth, international, friendly and women’s matches.However, for the first time, two matches categorised as “Tier 1”, which includes the highest levels of competition and for which the highest stakes can be wagered, were considered suspicious.Of the 377 flagged matches, 58 involved youth football, even though youth matches made up only 5.6% of the sample.Games in Asia were overrepresented among the suspicious matches. Of the 7,263 matches in Asia monitored, 69 were flagged as potentially being fixed based on betting patterns. However, this marked an improvement from 2017, when 68 out of 5,075 matches in Asia were flagged.Africa was the only continent which saw an increased percentage of matches flagged. Of the 1,923 total matches in Africa monitored, five were flagged as suspicious, up from just one out of 1,250 in 2017. The majority of flagged games and total games monitored were located in Europe, where 227 out of 35,469 games were marked as suspicious.International matches had a greater proportion of games flagged than any continent, with 47 out of 4,896 matches identified.The report highlighted one European domestic youth league as containing an especially high amount of suspicious betting activity. The number of suspicious matches remained unchanged year-on-year at 8% of fixtures, while one team from this league has no been involved in 13 flagged matches in the past two years. None of the countries, teams or leagues in question were named in the report.One men’s senior international team had five of its 10 games in 2018 flagged, after having no matches flagged in 2017.In addition, one European country saw a drastic decrease in flagged matches after “effective action by the governing body and law enforcement,” which included a number of arrests, shut down what Perform said it believed to be an “organised, cross-border match-fixing operation.”“It is important that the football world remains diligent and alert to integrity threats at all levels of the game,” head of Starlizard Integrity Services Affy Sheikh said. “In producing this report, a huge effort has been made and a vast amount of data analysed in order to provide sports and integrity stakeholders with detailed intelligence on suspicious betting patterns across many different competitions and countries.”Stats Perform head of integrity Jake Marsh added: “We believe that by shining a light on suspicious activity in a non-accusatory public forum we can elevate understanding of the latest trends and areas of concern to integrity stakeholders.“The efforts of integrity stakeholders, sports governing bodies and law enforcement are amplified when working together towards a common goal. To this end, we share the results of our analysis with stakeholders on a non-commercial basis in order to assist their efforts in protecting the integrity of football.”In July, the International Betting Integrity Association reported that 18 football matches generated alerts for suspicious wagering activity in the second quarter of 2019, while the Global Lottery Monitoring System reported 324 alerts and 25 red alerts concerning football. On 25 July, Swedish state-owned operator Svenska Spel ceased offering odds on fourth-tier league Division 2 Södra Svealand after integrity monitoring partners revealed that as many as 13 matches in the division were suspected to have been rigged during the spring season. Subscribe to the iGaming newsletter 14th August 2019 | By Daniel O’Boyle Sports betting Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Sports betting Youth football dogged by suspicious betting activity in 2018 A new report from Stats Perform and Starlizard Integrity Services has revealed a slight decline in suspicious betting activity concerning football in 2018, though two matches at the highest level of the game were flagged for potential corruption for the first time.
AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Legal & compliance Tags: Mobile Online Gambling What role can technology play in responsible gaming? Suren Azatyan assesses whether artificial intelligence and machine learning can help protect vulnerable playersGaming and gambling are branches of entertainment industry. They offer fun, improve the mood, relax the brain and allow an escape from the stresses of everyday life.In theory. In reality, for some, gambling can be a double-edged sword, which is why responsible gaming has become such a key focus for the industry, one in which technology is beginning to play a significant role.But to what extent will technology ensure a safer and fairer environment for both consumers and service providers? Most gaming regulations around the world now demand that online operators offer their services in a respectful, responsible manner, based on predetermined standards. Protecting vulnerable players, preventing underage gambling, guarding against fraudulent and criminal behaviour, safeguarding information, and advertising in a responsible and ethical manner are the holy grails.Traditionally, the protection of vulnerable players – one of the most important components of responsible gambling – has been left to the players themselves. At best, the tools to help players, such as spending limits, are provided to them as a ‘suggestion’ from the operator’s side (where this has also been human controlled).So, what can technology offer us to improve the responsible gambling processes and make them safer, faster and more intelligent?Biometrics Mobile and tablet usage has already surpassed laptops and PCs in some gambling markets. In some territories, more than 50% of players use mobile devices to gamble and many operators have prioritised mobile platforms, developing gambling portals that are user-friendly and intuitive.Biometric data, including fingerprints and facial recognition will bring ID and verification processes to a new level, improving and smoothing a player’s onboarding process, identification and verification, thereby enhancing KYC. Similarly, biometrics will hugely improve the prevention of underage gambling.Stopping underage gambling, in particular, can be improved by a technological verification process. Smartphones and tablets are already using biometric data to ensure unprecedented security for personal data stored on mobile devices, and it’s only a matter of time before this technology is used in online gambling.Rise of the machines Most responsible gambling controls are based on user behaviour. These controls allow operators to analyse players’ habits and offer unique opportunities inside their gaming portals. Now, imagine that all this is controlled by smart machines rather than humans.2019 is a critical year for machine learning (ML) and artificial intelligence (AI).These rapidly developing technologies are increasingly being used in the real world, including in the online gambling industry. In dealing with a large amount of data generated by millions of players, gaming presents an ideal platform to implement ML/AI- based tools and controls. By helping to streamline processes and procedures, they will significantly improve the industry.Coupled with the IoT (internet of things), ML and AI will make it possible to collect, analyse and process vast amounts of data, at speed. ML/AI-powered portals will be able to analyse user data and adapt portals, basing them on distinct parameters to create a different look and feel, as well as creating individual content, activities and promotions for each user.Imagine this ML/AI-based portal being able to analyse player behaviour, segment users, then continuously monitor their behaviour. The results of this monitoring could then be applied to create special user groups, or to identify high rollers or suspicious players.More importantly, these portals could one day identify and monitor potential vulnerable players. They could help prevent problems from developing by applying automated restrictions and limits, or even excluding customers that don’t heed warnings. All automated, almost without a human touch.The same could be applied to customer satisfaction tools and measures. The use of ML-powered chatbots and support agents could minimise response times, maximise efficiency and increase customer satisfaction scores.AI/ML technologies can also be used to help improve gambling environments. They can make portals secure and fair, applying random automated scans to identify faults in the system or website. Other integrated internal and third-party software modules can be used to run the operation and ensure proper service availability for consumers.Limitations While the dream may be to automate the whole process of responsible gambling, this is not as simple as it seems. Machine learning is not yet at the point where it can be trusted entirely without human input. You can’t hand it all over to a machine just yet – humans still need to program the algorithms.Monitoring individuals for unusual behaviour could help stop fraud and theft on accounts. But it is unlikely to identify addicted gamblers, as their habits will be those of a problem player from the start. Normal patterns, gathered from large numbers of users, could be used as the benchmark, but this could run into ethical difficulties.Where should the industry go with all this? The use of technology can go some way towards addressing responsible gaming, as it has more ability to monitor at scale and implement controls established by regulations. But regulation alone is not enough – you are hitting a fairly low bar if all you are doing is ticking the regulatory boxes.Regulators put boundaries in place, but if you have to rely on these, you’re not really doing enough. This leaves the gaming industry to set their own goals and to use a combination of technology and human input to ensure high standards.Conclusion Though the industry has already started to integrate technologies to support responsible gaming, there is more to be done. Technology will never be able to solve the entire issue, but it can go a long way towards helping the industry to address the problem and to ensure it continues to serve those who simply want to have some fun.Suren Azatyan is in charge of business development for DataArt’s betting and gaming practice. Prior to joining DataArt, Suren held managerial roles in a number of technology firms, from start- ups to leading conglomerates. He has a strong technical background and a deep understanding of the betting and gaming industry, gained through being involved in sales and marketing at several leading igaming companies, including BetConstruct, EveryMatrix and Cherry AB. What role can technology play in responsible gaming? Suren Azatyan assesses whether artificial intelligence and machine learning can help protect vulnerable players Topics: Legal & compliance Tech & innovation 9th December 2019 | By contenteditor Subscribe to the iGaming newsletter Computer says no? Email Address
Topics: Legal & compliance Lottery Regions: Canada British Columbia Legal & compliance 12th December 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter British Columbia to establish independent gambling regulator Subscribe to the iGaming newsletter Tags: Online Gambling The British Columbia government has revealed plans to transition the powers of the Canadian province’s gambling regulator, the Gaming Policy and Enforcement Branch (GPEB), to a new body. The British Columbia government has revealed plans to transition the powers of the Canadian province’s gambling regulator, the Gaming Policy and Enforcement Branch (GPEB), to a new body.Through amendments to the province’s Gaming Control Act, the Independent Gambling Control Office (IGCO) will focus on regulatory policy matters related to gambling, horse racing and responsible gambling programs.Set to be overseen by a general manager appointed by a fixed term, the IGCO will report publicly on its operations to the legislative assembly each year and have power to independently manage its public communications.“The IGCO will have the mandate, authority and independence to ensure the overall integrity of gambling in British Columbia,” Attorney General David Eby explained.“This change will make it far easier to keep dirty money out of our province. It is one of many concrete measures we are taking to disrupt money laundering, which has impacted British Columbians in so many ways.”Read the full story on iGB North America. Email Address
Subscribe to the iGaming newsletter Topics: Casino & games Tech & innovation Table games Gambling technology giant Playtech has extended its partnership with operator Betfred to provide exclusive casino, live casino, bingo and poker services and content until 2024. 5th March 2020 | By Daniel O’Boyle Tags: Online Gambling Gambling technology giant Playtech has extended its partnership with operator Betfred to provide exclusive casino, live casino, bingo and poker services and content until 2024.Playtech’s agreement with Betfred dates back more than ten years and was set to expire this year before the extension.“We are delighted that Betfred, the world’s largest independent bookmaker and a key long-term partner for Playtech, has chosen to commit to an exclusive agreement across four key verticals,” Shimon Akad, chief operating officer at Playtech, said.The agreement will include an extension of Betfred’s live casino space at Playtech’s facilities in Riga, Latvia. The space was launched in 2018.“Betfred’s decision to invest in an exclusive live casino space in 2018 was a significant step in developing our working relationship, and has seen Betfred develop a highly compelling live offering,” Akad said. “We’re very much looking forward to working together over the next four years to continue delivering innovative content backed by industry-leading technology.”Rakesh Chablani, managing director at Betfred, said the extension would allow Betfred to continue to focus on creating a strong player experience.“Having had a strong and successful partnership with Playtech for over ten years now, the extension of our exclusive agreement for another four years represents an exciting opportunity to continue growing our business,” Chablani said.“We’re passionate about creating the best possible player experience across all verticals, and we’re confident that the continued development of our dedicated live casino space, plus an unparalleled selection of casino, bingo and poker content, will allow us to do exactly that.”The news follows Playtech’s announcement of the launch of three new live roulette tables with GVC’s PartyCasino, PartyPoker and Bwin brands in Spain.In its results for the year to 31 December 2019, Playtech said revenue grew 23% to €1.51bn while adjusted EBITDA increased by 11% to €383.1m. However, the impact of discontinued operations and tax meant it reported a net loss of €19.6m Email Address Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Playtech extends long-running Betfred partnership to 2024
Casino & games Players accompany two romantics in the fair city of Verona and help them find love across 5 reels and 30 win lines in the captivating new addition to Greentube’s Home of games, Romeo & Juliet – Sealed with a Kiss™. Available soon to Greentube’s B2B partners!Discover more about this slot on the Greentube website here! Romeo & Juliet – Sealed with a Kiss™ by Greentube 11th May 2020 | By Aaron Noy Subscribe to the iGaming newsletter Players accompany two romantics in the fair city of Verona and help them find love across 5 reels and 30 win lines in the captivating new addition to Greentube’s Home of games, Romeo & Juliet – Sealed with a Kiss™. Available soon to Greentube’s B2B partners! Topics: Casino & games Slots Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter
Tags: Fantasy Sports Global Daily Fantasy Sports set to rebrand as Playgon Subscribe to the iGaming newsletter 23rd July 2020 | By contenteditor Software supplier Global Daily Fantasy Sports has announced plans to change its name to Playgon Games Inc., following its acquisition of Playgon Interactive last month.The proposed rebrand is subject to a number of regulatory approvals, including authorisation from the TSX Venture Exchange stock exchange in Canada.However, as per rules set out under the Business Corporations Act in British Columbia, shareholder approval is not required to proceed with the name change.The announcement comes after Global last month finalised its acquisition of supplier Playgon Interactive.First announced in December last year, Global said the deal would see it expand its footprint out of the daily fantasy sports sector and into the live casino market.Read the full story on iGB North America. DFS AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Sports betting Strategy DFS Email Address Software supplier Global Daily Fantasy Sports has announced plans to change its name to Playgon Games Inc., following its acquisition of Playgon Interactive last month.
In the role Carter will advise and provide support to Bragg’s interim chief executive Adam Arviv, who took on the role after long-term CEO Dominic Mansour, who announced in August that he was taking paid leave for personal reasons. Carter added that he was excited to join Arviv as he looks to make Bragg a major player in the gaming sector. As part of that agreement, Oryx managing director Matevž Mazij will remain in his role, and become an observer to the Bragg board. KAVO will also gain the right to appoint up to two new directors to its parent company’s board. Bragg’s new chair is an experienced industry figure, having served as director of research for Deutsche Bank before being named CEO of SBTech in 2016. Bragg Gaming Group has announced that Richard Carter, former chief executive of SBTech has joined its board as non-executive chair, while the business has agreed an amendment to the earn-out agreement signed when it acquired Oryx Gaming. 1st October 2020 | By Aaron Noy Topics: People People moves Carter then stepped down from his role at SBTech when the sportsbook technology provider was acquired by DraftKings to form a new listed sports betting giant in the US, in a deal completed in April this year. He still serves as an advisor to the enlarged business. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Following the supplier’s half-year results in August, Bragg said it was working with Canaccord Genuity to raise capital to pay the earn-out by the rescheduled deadline of 30 September. However, under the amended agreement, Bragg will make the first earn-out payment of €10.55m in cash by 31 January 2021. The second and final earn-out payment will be converted into €22.0m in Bragg common shares, comprising 45.5m to 47.0m in shares, again by 31 January next year. The business has also announced an amendment to its earn-out agreement with KAVO Holdings, the vendor of slot studio Oryx Gaming, acquired by Bragg in August 2018. Former SBTech chief Carter named Bragg chairman “2020 has been an unbelievably successful year and we are eager to grow the business in the world’s largest gaming market, the US,” he said. “Now is the right time to break into this market, and my priority is to make those connections that will lead to success.” Subscribe to the iGaming newsletter Email Address People moves “We continue to be focused on recruiting additional top talent.” “I am thrilled to remain committed to the company’s people and operations,” Mazij commented. “With Adam’s leadership and Richard’s expertise and vitality, I’m enthusiastic about the Company’s long-term growth and the continued creation of shareholder value.” “Richard is a recognised authority in the online sport betting industry who was heavily involved in the merger between DraftKings and SBTech,” Bragg interim CEO Arviv said. “This appointment fits my mission as Interim CEO – to build a championship team that will execute on our plans to expand our current market overseas and to aggressively move into the US market. Bragg’s current chair, Paul Pathak, will shift to the role of vice-chairman and lead director on the board. Companies: SBTech