iGB Diary: men of many talents, mascot mix-up and mad men

first_img Topics: Marketing & affiliates iGB Diary iGB Diary: men of many talents, mascot mix-up and mad men AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 17th August 2018 | By Joanne Christie iGB Diary This week the Diary explores gaming execs’ impressive side careers, takes aim at the industry’s ‘mascot’, ponders poker in the classroom and looks at the reception to Betway’s new ad men.Renaissance men While doing some final checks for our fantastic new e-zine on Sweden (read it for free here) a Google search for Mr Green Ltd CEO Jesper Karrbrink brought up a snippet for a writer with the same name. Or so we thought. But the author in the accompanying images looked incredibly similar in appearance, nay identical, to our Jesper Karrbrink. Further investigation revealed that they were indeed one and the same. Not content with becoming Sweden’s youngest ever newspaper CEO aged just 28 and having successful stints running companies including state monopoly Svenska Spel under his belt, Mr Karrbrink has somehow also found the time to carve out another successful career as a crime novelist and writer of management tomes, while the rest of us mere mortals struggle to pass muster in just one vocation. One of his novels, Deadly Exit, was even made into a 2006 movie, Exit. So a real Renaissance man then, our Jesper, (cue deferential forelock-tugging from us humble hacks). Our next podcast interviewee Joe Saumarez Smith runs him pretty close, though. Check out his Wikipedia here and look out for the podcast when it goes up on the iGB site at the end of the month. Last Leg gets mixed up Watching last Friday night’s episode of Channel 4’s Last Leg, we were somewhat confused by the examples given by the show’s presenters in a segment on football mascots. The team were highly critical of the fact that West Brom’s mascot is now “Boiler Man”, a nod to its new sponsor Ideal Boilers and on this point they weren’t alone – a number of football fans have been similarly unimpressed. As host Adam Hills quite rightly pointed out, Yokohama sponsors Chelsea and its mascot isn’t a tyre. Curiously, he then moved on to what would happen if all the online gambling companies that support football teams insisted on their own product as a mascot and this is where it stopped making sense. He suggested the mascot would then be a repossessed house and to illustrate the point, out came a dancing repossessed house mascot (notably there had been no tyre mascot paraded around earlier). Ideal does sell boilers. Yokohama does sell tyres. Online gambling companies do not sell repossessed houses. And given that Gambling Commission figures show that problem gambling affects less than 1% of the UK population and that UK Finance reported last week that repossessions of houses were at an all-time low, we’d be willing to bet that broken boilers and blown tyres are actually a far bigger problem for Ideal and Yokohama customers, respectively, than repossessed houses are for online gambling customers.… and so does release on schoolchildren playing poker While the Last Leg’s dancing repossessed house might have been a perfect example of how badly the igaming industry is viewed, we’re not sure a press release put out this week recommending schoolchildren are taught poker will do much to help. Not only does it not seem likely that the general mood towards gambling in this country right now would support classroom poker games, but the release itself has to one of the least credible we’ve seen. Sent on behalf of Paddy Power – although this wasn’t immediately clear to us given its headline of ‘With only one in four adults knowing how to play poker, schools suggest introducing games to the classroom’ – we are first told that Paddy’s research found that “only a quarter of adults know how to play poker and those that do have a sharper intelligence” (would love to know how this sharper intelligence was measured). It then goes on to say, “therefore, Christian Heinrich, Chairman of the Boarding School Association, believes children should be encouraged to play poker and that lessons can be learned”. Helpfully, there’s a link to an article where Heinrich was quoted in The Telegraph’s education pages recommending children climb trees, drive go-karts and yes, play poker. Here’s the thing, though. The article is from 2013. And shortly after it was printed Heinrich was replaced as chairman. So it seems unlikely he did take a look at Paddy Power’s recent research and therefore recommend anything of the sort. Paddy Power might want to reconsider its contract with the agency that put this out.Mad men Speaking of changes in agencies, it seems the increasing scrutiny over gambling advertising has not deterred ad giant Saatchi & Saatchi from taking over where Above & Beyond left off at Betway. The creative agency will produce multichannel ad content across the UK, Ireland, Italy, Germany, Belgium and Spain with Betway’s £89.5m marketing spend. According, to the operator’s statement on the deal: “Saatchi & Saatchi will work towards a major global campaign launch and regional roll out in 2019.” The news did not please one advertising commentator. Writing on the More About Advertising website yesterday, former Marketing Week editor Stephen Foster poured scorn on the agency’s decision to get into bed with a gambling company. “You can’t blame agencies for lapping up the bookies’ shillings – and Saatchi seems to be on a roll at the moment, stung, no doubt, by losing the Asda account,” he taunted, before getting serious…“but these companies are driving a coach and horses through so-called UK ad regulations”. Eeeeeeeeek. Foster was evidently less than impressed by gambling firms “carpet bombing every sports broadcast around”. Turning his attention away from Saatchis he took aim at Sky Bet, which he complained “runs them wall to wall through daytime football and cricket”.  Sky Bet, he added, “is the grossest of the lot”. Foster, we can only assume, is not a fan of regulated betting markets. Having completed his Sky rant he dropped in a line catastrophising about the PASPA repeal. “Sports betting has now been legalised in the US, God help them”. God help them indeed. Unless a major supermarket chain is about to drop Saatchi’s US office I guess?center_img Tags: Online Gambling This week we explore gaming execs’ side careers, take aim at the industry’s ‘mascot’, ponder poker in schools and reflect on Betway’s new ad men Subscribe to the iGaming newsletter Email Addresslast_img read more

Dutch regulator names Jansen as new chair

first_img Dutch regulator names Jansen as new chair Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The Netherlands Gambling Authority (KSA) has appointed René Jansen as its new chairman ahead of crunch talks with the government over new gambling regulation in the country. Jansen, who most recently served on the executive board at the Dutch Healthcare Authority, will take on his new role from October 1. Earlier in his career, Jansen also had a spell with the former Dutch Competition Authority, and worked at the Ministries of Economic Affairs and Social Affairs & Employment. Jansen will replace Jan Suyver, whose departure was confirmed earlier this year, while Marja Appelman also announced her exit as chief executive of the KSA in July. Last month, KSA board member Joop Pot told iGamingBusiness.com the regulator, which recently rebranded from the Netherlands Gaming Authority, was to shift from a structure of three part-time board members and one director to two full-time board members and no director. To this end, in addition to Jansen, the KSA has named Bernadette van Buchem as its vice-chairman, effective October 15. Van Buchem is currently director of consumers at the Netherlands Authority for Consumers and Markets, and previously held various roles at ABD Interim, the group of interim managers of the Dutch government. The KSA said in a statement: “The Gaming Authority sees Jansen and van Buchem as the right people to continue the course taken by the KSA and to lead the organisation through the planned modernisation of the gaming policy.” The double appointment comes at a time when two pieces of legislation hang in the balance in the Netherlands. The Senate is yet to approve the Remote Gaming Bill, which would make online games of chance legal in the country. The Modernisation Casino Regime Bill, which focuses on the privatisation of Holland Casino, also awaits approval. In June, Dutch Minister for Legal Protection, Sander Dekker, proposed a revised framework for licensed operators in the Netherlands, focusing on enhancing consumer protection measures. The letter to legislators revitalised a bill that had been lying dormant for nearly two years following approval by the parliament’s lower house. Speaking to iGamingBusiness.com last month, Pot said that a meeting of the Committee of Justice and Security on September 13 would provide a platform for the first formal parliamentary reaction to Dekker’s letter. Meanwhile, the KSA has issued Betsson Group subsidiary Corona with a fine of €300,000 (£270/700/$347,900) for operating in the Dutch market without a local licence. The regulator made the ruling after carrying out an investigation into Corona and its Oranje and Kroon brands. Various other Betsson entities were also probed by the KSA, but the regulator did not note any further violations and no action was taken. In a statement issued to iGamingBusiness.com, Pia Rosin, vice-president of corporate communications at Betsson, confirmed Corona is currently assessing the option to appeal the ruling. “We will carefully follow the progress of the legislative process,” Rosin said. “We hope there will be a new law and then we know what the licence requirements are.” Pontus Lindwall, chief executive of Betsson, also said in a statement: “Betsson shares KSA’s ambition to achieve a high channelisation of customers into any future locally regulated environment in the Netherlands and supports the Dutch government’s ambition in moving forward with the legislative process. “Corona will assess whether to appeal the sanction against them. Also, we will carefully follow the progress of the legislative process. We hope that there will be a new law and then we know what the licence requirements are.” Betsson acquired Corona in 2014 in anticipation of the re-regulation of the Dutch online gaming market, which had been scheduled for 2015. The lower house of the Dutch parliament approved the Remote Gaming Bill in 2016, but this is still awaiting approval from the Senate. In June, it was revealed the country’s coalition government intends to resume the process with the aim of introducing new regulation by 2020.Image: KSA Regions: Europe Western Europe Netherlands Email Address Tags: Card Rooms and Poker Mobile Online Gambling 24th August 2018 | By contenteditor Subscribe to the iGaming newsletter Bernadette van Buchem will take on the role of vice-chairman Topics: Casino & games Legal & compliance People Sports betting Strategy Pokerlast_img read more

Ireland set to double gambling taxes

first_img Subscribe to the iGaming newsletter Bookmakers say rise will be ‘catastrophic’ for the industry 3rd October 2018 | By contenteditor Finance Tags: OTB and Betting Shops Ireland set to double gambling taxes Topics: Finance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: UK & Ireland Ireland is set to next week double taxes on gambling despite the country’s gambling industry predicting widespread shop closures and financial losses.Reports suggest the government will increase the duty from 1% of turnover to 2% in next week’s Budget in a bid to secure around €50m for public spending. It has been suggested some of that money will fund problem gambling treatment.The tax rise is seen as a victory for the Independent Alliance in its Budget negotiations with Finance Minister Paschal Donohoe (pictured).However, the Irish Bookmakers Association has slammed the suggestion of a tax rise, claiming it will put around 35% of the country’s 850 betting shops at risk of closure, and threatens 1,500 jobs. In its Budget submission of July it said the current 1% tax was the “maximum possible with regard to the viability of many smaller operators”.Following the reports that the Government will double gambling tax, Sharon Byrne, chair of the IBA, reiterated the organisation’s position to iGamingBusiness.com.“We estimate for a typical independent operator with a modest turnover of €2m per shop, that they are already paying six times more in tax than the profit made per year in that shop,” the IBA said. “A 1% increase would wipe out any profit made in that shop and cause them to be loss making if their gross margin was to drop below 12%, which is highly probable.“The business is characterised by very low margins and any change in our cost base could be catastrophic, particularly to the smaller operators.”The current tax rate, which was introduced in 2015, is on top of standard business charges. Irish gambling companies are unable to recover VAT on purchases, while turnover is impacted by the ban on FOBTs in betting shops.The IBA estimates that there have been around 500 betting shop cloures in the last 10 years with the loss of around 2,500 jobs. It said the market has “stabilised” of late, however “we remain extremely vulnerable to any changes in our cost base as overall staking levels remain under threat”.While the IBA believes the changes could be “catastrophic”, the proposed tax hike is less than the 2.5% rate sought by Horse Racing Ireland last year.In July, Irish President Michael Higgins suggested introducing a blanket ban on gambling adverts during live sport broadcasts in order to protect “integrity”.However, Paddy Power Betfair CEO Peter Jackson criticised the plans, saying that although the bookmaker is keen to see progress on controlling problem gambling, an outright ban is not “necessarily the right answer”. Email Addresslast_img read more

WatchandWager extends California betting licence

first_img Email Address Webis Holdings subsidiary WatchandWager has renewed its online pari-mutuel betting licence in California for a period of two years.Approved by the California Horse Racing Board (CHRB), the licence will run from 2019 until 2021 and allow WatchandWager to continue to accept online pari-mutuel wagers from residents in the US state.Webis, which specialises in pool wagering and operates the WatchandWager Cal Expo harness track in California, had secured an initial three-month extension for the licence prior to full approval.“Our licence to accept online wagers in California and at our physical racetrack operation are a tremendous asset to the company,” WatchandWager president Ed Comins said.Confirmation of the new licence comes as California mulls legalising sports wagering on a larger scale in the state. Although there are no bills currently under consideration, Assembly member Adam Gray could return with a bill he originally put forward prior to the Supreme Court ruling on PASPA.In July 2017, Gray proposed amending state law to permit sports betting, should “a change in federal law occur”, specifically referencing PASPA. Shortly after the Supreme Court moved to repeal PASPA, Gray said he would reintroduce the bill. According to WatchandWager, the bill is close to the Committee stage in Sacramento.Comins said it is “highly likely that sports betting will be approved in the state”, meaning WatchandWager’s status as a licensed track operator and racing association would place it as one of only a handful of companies able to legally accept sports bets, both online and at its Cal Expo track facility.“These are very dynamic times in the racing and gaming industry in the USA, and we look forward to being ready to offer sports wagering to California residents as it is approved by the legislature,” he said.Image: Sarah Sapp Regions: US California Webis Holdings subsidiary WatchandWager has renewed its online pari-mutuel betting licence in the US state of California for a period of two years. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Horse racing WatchandWager extends California betting licence Tags: Online Gambling Race Track and Racino 25th February 2019 | By contenteditor Subscribe to the iGaming newsletter Topics: Legal & compliance Sports betting Horse racinglast_img read more

Two more Swiss casinos secure online gaming licences

first_img Subscribe to the iGaming newsletter Casino & games 20th November 2019 | By contenteditor Two more Swiss casinos secure online gaming licences AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Swiss gambling regulator the Eidgenössische Spielbankenkommission (ESBK) has granted online gambling licences to two land-based casinos in Bern and Interloken.Grand Casino Kursaal Bern and Casino Interloken will both be permitted to run online casino games alongside their existing land-based offering.The ESBK will analyse each of the casino’s igaming offering and individual games before they are given the green light to launch online.The Bern and Interloken casinos join Grand Casino Baden, Casino Davos, Grand Casino Luzern and Casino Zürichsee in securing online gaming licences. Grand Casino Baden was the first to launch its offering in July.The new licences have been made possible under legislation that came into effect in January, whereby the ESBK can issue permits to land-based casinos across the country, while foreign operators are blocked.Last month, Swiss gambling regulator the Inter-Cantonal Lotteries and Betting Commission (Comlot) updated its blacklist of unlicensed gaming operators, with bet365’s dot.it site among the latest additions.A total of 17 websites have been added to the blacklist, which was first published in September following implementation of the country’s Federal Act on Real-Money Gaming (Geldspielgesetz).It was also revealed last month that the average number of people frequently gambling in Switzerland fell again in 2017, with research commissioned by Comlot and ESBK showing just 16.4% of respondents gambled at least once a month. Tags: Online Gambling Swiss gambling regulator the Eidgenössische Spielbankenkommission (ESBK) has granted online gambling licences to two land-based casinos in Bern and Interloken. Regions: Europe Central and Eastern Europe Switzerland Topics: Casino & games Legal & compliance Email Addresslast_img read more

KSA chair urges operator responsibility in regulated Dutch market

first_img Subscribe to the iGaming newsletter Topics: Legal & compliance Legal & compliance 3rd February 2020 | By contenteditor KSA chair urges operator responsibility in regulated Dutch market Regions: Europe Western Europe Netherlands René Jansen, chairman of Dutch gambling regulator the Kansspelautoriteit (KSA), has called for operators considering applying for licences for the country’s new legal market to be responsible with their activities, saying that the regulator will adopt a “strict but fair” oversight of the sector.The country’s regulated online gambling market is scheduled to open on 1 July 2021, with the KSA to open the licensing process on 1 January 2021.In November last year, the regulator published information about the new online gambling licences, but Jansen has reached out the sector to urge those preparing to apply for a permit to operate in the country to ensure they have appropriate responsible gambling measures in place.“Legislators in our country should not be forced to take action to put in place additional measures or measures to restore the status quo,” Jansen said in a speech at the Annual Gaming Industry Event in Amsterdam. “The focus of our contribution as national regulator is to provide strict but fair oversight.“But we also consider it our task to give guidance to the market if necessary. We will – as far as possible – certainly not confine ourselves to telling operators what they shouldn’t do. After the opening of the online market, it’s important that we not lose sight of the objective of the Remote Gambling Act: to achieve channelling of 80% within three years.”Jansen revealed that part of the KSA’s own approach to responsible gaming will include a ‘Central Exclusion Register’, which will operate under the name ‘Cruks’.This register will become active from 1 January next year, allowing players to exclude themselves from gambling with licensed operators in the Netherlands. Operators must first refer to the list before allowing players to open an account on their platform.Jansen said that while the KSA will develop the register, the regulator will open it up to public tender for an external party to operate. The KSA expects to confirm the successful applicant by May 2021, while technical tests on the register will begin with land-based operators later this year.In addition, Jansen said that despite the focus on regulation, KSA will continue its efforts to clamp down on illegal activities in the country. Last year, the regulator imposed fines worth a combined €3.5m (£3.0m/$3.9m) in 2019, a 105.8% rise from 2018.“I have previously warned that the licensing procedure should not be taken lightly, and I repeat that warning today,” Jansen said. “As you all know, gambling is a controversial subject in the Netherlands. In fact, I would say that it is more controversial in the Netherlands than in many other countries, based on impressions from talking to fellow regulators and other stakeholders abroad.“There’s a good reason that it has taken so long for government and Parliament to legalise online gambling. A number of groups in politics and society object to gambling. The likely result is that, as the online market becomes more open, every aspect will be subject to critical scrutiny, from advertising, to addiction prevention to the participation of minors.“This critical gaze will be focused on both operators and the KSA. Is the regulator playing a sufficiently active role: is it keeping its eye on the ball? Are licences being issued appropriately? Is the regulator cracking down on the remaining illegal operators?“For the KSA, besides giving operators sufficient space, we also need to crack down on the remaining illegal supply. I can promise you that we will take this task seriously.“’Responsible gambling’ must not be merely a PR slogan for operators; it ought to be part of the corporate DNA of all gambling and betting operators, both online and land based. It seems to me that that’s the real spirit and key message of our new Dutch gambling act.” Email Address René Jansen, chairman of Dutch gambling regulator the Kansspelautoriteit (KSA), has called for operators considering applying for licences for the country’s new legal market to be responsible with their activities, saying that the regulator will adopt a “strict but fair” oversight of the sector. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gamblinglast_img read more

PAGCOR releases PHP6bn to aid national Covid-19 efforts

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Casino & games Regions: Asia Philippines Topics: Casino & games Finance PAGCOR releases PHP6bn to aid national Covid-19 efforts 24th March 2020 | By contenteditor The Philippine Amusement and Gaming Corporation (PAGCOR) has released an additional PHP6bn (£100.8m/€109.4m/$118.0m) in funds to the country’s government to help support national efforts related to the novel coronavirus (Covid-19) pandemic.The funds have been made available to the Socio-Civic Projects Fund (SCPF) of the Office of the President, bringing total funding from PAGCOR to PHP8.5bn, after it also released funding in PHP2bn and PHP500m tranches earlier this month.PAGCOR chairman and chief executive Andrea Domingo said the remittances are pursuant to Section 7 (a) of Presidential Decree No. 1869 or the PAGCOR Charter, which mandates both the allocation and distribution of PAGCOR earnings for infrastructure and socio-civic projects.“PAGCOR’s recent remittances to the government are intended for the various funding requirements relative to Proclamation No. 922 Declaring a State of Public Health Emergency throughout the Philippines due to coronavirus disease and the subsequent declaration of Enhanced Community Quarantine over the Entire Luzon,” Domingo said.Aside from PAGCOR’s remittances totalling PHP8.5bn, the agency also released its PHP12bn cash dividends to the National Treasury yesterday (23 March).In addition, Entertainment City licensees donated more than PHP200m while the offshore gaming operators allocated PHP150m for essential supplies including personal protective equipment, and food and medical supplies.Rizalina Justol, deputy executive secretary for finance and admin at the Office of the President, said: “We are grateful to PAGCOR for its continued to support to the Office of the President. The hefty remittances we get from the agency are being used to for high-impact projects that will benefit a lot of Filipinos.”Earlier this month, PAGCOR announced it was to suspend all gaming operations across the country in response to the coronavirus outbreak.The suspension applied to all land-based PAGCOR-owned casinos and licensed integrated resort-casinos, as well as electronic games, all forms of bingo, sports betting, poker and slot machine clubs, and all other activities, in line with orders from the Filipino government.Restaurants and food outlets within the gaming areas have been allowed to stay open, while hotels where casinos and gaming facilities are housed may continue to accommodate guests.PAGCOR also ordered the temporary suspension of offshore gaming operations and approved service providers in the Luzon region for the duration of the government-imposed quarantine.Last month, the regulator reported an 11.7% year-on-year rise in gaming revenue for 2019, resulting in its total tax and corporate social responsibility contribution for the year rising above PHP56bn.Total revenue from gaming amounted to PHP75.75bn in 2019, compared to the prior year’s PHP67.85bn total, beating the regulator’s full-year projections by PHP1.33bn. Email Address The Philippine Amusement and Gaming Corporation (PAGCOR) has released an additional PHP6bn (£100.8m/€109.4m/$118.0m) in funds to the country’s government to help support national efforts related to the novel coronavirus (Covid-19) pandemic. Tags: Online Gambling OTB and Betting Shopslast_img read more

New Zealand horse racing training to resume next week

first_img Email Address Subscribe to the iGaming newsletter 24th April 2020 | By contenteditor Regions: Oceania New Zealand Horse racing New Zealand’s Racing Industry Transition Agency (RITA) has announced initial approval for businesses and stakeholders in the country’s thoroughbred and harness racing sectors to return to work on 28 April.Subject to meeting strict protocols and guidance established by each code, staff will be able recommence trialling and training, with preparations set to continue over the weekend.The decision comes after the New Zealand government downgraded to Alert Level 3 of the novel coronavirus (Covid-19) alert system, which requires strict social distancing measures to be put in place, but allows for a partial re-opening of the economy. Horse racing in the country had been suspended since 25 March when Alert Level 4 – resulting in a nationwide lockdown – was put into effect.However, RITA said it is yet to reach an agreement as to when greyhound racing could return, with officials in the process of finalising Greyhound Racing NZ’s approval for participants to prepare for trials from 28 April. Confirmation of the protocols is expected early next week.Earlier this week, RITA outlined a draft plan for a resumption of racing following the pandemic, setting out an initial proposal for the resumption of greyhound racing on 11 May, harness racing on 29 May and thoroughbred racing on 3 July.The plan also sets out how the number of racing venues in use in New Zealand would reduce from 36 to 12, as well as that all races would occur behind closed doors – in line with initial measures set out prior to Alert Level 4 coming into effect.A consultation had been due to concluded 28 April, with RITA planning to issue a final calendar on 4 May. “The resumption of training and trialling is a critical milestone in preparation for a full return to racing from next month, subject to finalisation of the draft racing calendar from May to July 2020,” RITA said.“RITA is thankful for the efforts of some key code staff and government officials who have worked long hours to turn this process around and give the industry some certainty to resume.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter New Zealand horse racing training to resume next week Tags: Race Track and Racino New Zealand’s Racing Industry Transition Agency (RITA) has announced initial approval for businesses and stakeholders in the country’s thoroughbred and harness racing sectors to return to work on 28 April. Topics: Legal & compliance Sports betting Strategy Horse racinglast_img read more

Arthur’s Fortune by Yggdrasil

first_img Arthur’s Fortune by Yggdrasil Subscribe to the iGaming newsletter Yggdrasil’s new medieval-themed game, Arthur’s Fortune, is a video slot packed with free spins, Wilds, and plenty of class. Get Merlin’s crystal ball and you get awarded with either coins or free spins. Land three scatters to enter the exciting free spin mode. Win potential: up to 10,856.5 your bet!You can learn more about this game and play a demo here! 11th May 2020 | By Aaron Noy Topics: Casino & games Slots Casino & gamescenter_img Yggdrasil’s new medieval-themed game, Arthur’s Fortune, is a video slot packed with free spins, Wilds, and plenty of class. Get Merlin’s crystal ball and you get awarded with either coins or free spins. Land three scatters to enter the exciting free spin mode. Win potential: up to 10,856.5 your bet! AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Companies: Yggdrasil Email Addresslast_img read more

GB’s Covid-19 gambling decline to peak at 59.1% in May

first_img Exclusive data from H2 Gambling Capital lays bare the decline in British betting and gaming gross win as a result of novel coronavirus (Covid-19), though iGB’s principal data partner suggests the igaming sector should help the sector rebound.With all bricks and mortar premises closed from mid-March, H2 now expects a 37.8% decline in retail gross win for the year, mitigated in part by an 0.4% increase in online yield. However, this will still ultimately result in a 17.7% decline on its market projections prior to Covid-19.This, H2 noted, effectively takes market revenue back to 2013-14 levels. The decline is set to peak in May, with revenue down 59.1% from original projections, though a rapid rebound for the channel is unlikely, with entertainment premises likely to remain shuttered into July. This will drag total market gross win down, with the sector only returning to growth with an 0.4% rise from November. H2’s best case scenario assumes that sports will resume from June, with licensed offices, casinos and arcades reopening a month later. Should betting shops be among the first wave of shops to reopen in June, the decline for that month is likely to be reduced marginally, from 38.6% to around 35%, with land-based win down 17%, and online seeing revenue reduced by around 1%, as retail customers return to their preferred channel. However, the market decline has been mitigated in part by a more robust online market. That channel is facing significant year-on-year declines considering the importance of sport, and this will also peak in May. For that month, online is expected to fall 19.5% below original forecasts. Should sport resume from June, this is expected to release pent up demand, resulting in the channel experiencing a 16.3% increase in gross win for the month. This won’t be sustained going forward, with customer spending power reduced by the likelihood of a recession resulting from the economic damage caused by the pandemic.Online gross win will therefore fall to more modest growth of 7.6% in July, and after a slight rise to 8.0% in August, is expected to decline steadily throughout the remainder of 2020.Scroll down to see H2’s projections for the British gambling market for 2020, and look out for the weekly Covid-19 tracker – published every Friday – which analyses the pandemic’s impact on the global gaming market. Regions: UK & Ireland 13th May 2020 | By contenteditor Topics: Casino & games Finance Sports betting Subscribe to the iGaming newsletter Exclusive data from H2 Gambling Capital lays bare the decline in British betting and gaming gross win as a result of novel coronavirus (Covid-19), though iGB’s principal data partner suggests the igaming sector should help the sector rebound. Tags: Mobile Online Gambling OTB and Betting Shops AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Email Address GB’s Covid-19 gambling decline to peak at 59.1% in Maylast_img read more