Posts Tagged ‘professional sports betting software’

STS completes acquisition of Greep Ltd. – Gambling Insider – In


STS has finalised its acquisition of Greep, Ltd. – a Czech software provider for gaming operators who offer mutual bets and lotteries in Europe.

As one of major shareholders of the Czech company, STS became a co-owner of bookmaker system Betsys, which is used by Greep. STS believe that this investment will allow for further development of activity in the Polish and European market.

Sports betting operator STS strives to adapt to changing consumer trends, adding mobile software applications for Android system and iOS and eSports odds to its offerings. The company also broadcasts nearly 2,000 sport events each month via STS.TV.

Greep’s services of are used by other leading operators in Poland, such as Sazka – the biggest lottery operator in Czechia. Greep has 48 employees and reaped revenues of approximately PLN 7.7m in 2016.

Mateusz Juroszek, President of STS, says: “For STS, this agreement means greater independence from providers, as well as the assurance of further development.

“Only the best European companies from our field are afforded their own bookmaker system, and his competitive advantage will allows us to continue operating in Poland. We take pride in investing in modern solutions for our players, and Greep will help us to begin development outside of Poland.”

Jiri Najman, President of Greep, comments: “The Integration of Greep with STS not only affirms the high quality of our services, but most importantly allows us to expand our range of competences. Obtaining an investor such as STS means that we can expect to develop and strengthen our position in this market, thus we will consider opening a shared development centre in Poland.”

Article source: https://www.gamblinginsider.com/news/3203/sts-completes-acquisition-of-greep-ltd

Nigerian tech companies are missing out on the billion-naira Lotto industry

“I solemnly swear that I have always been fascinated by the 007 subtle- cool gangsterism attached to betting”

Adeshina was the first to open up and respond to my curiosity about the booming lotto industry in Nigeria.  Popularly known as ‘Shyna’, he is the toast of his hood at Agric bus stop, a bustling area which is about 23 km away from Ikeja, the capital of Lagos. He boasts of his patronage. “I have customers from places as far as Mile 12, Owode and Ajegunle. This is because I am passionate about my job.”

He thinks betting/lotto is a goldmine and he has reasons to believe it. “I started out as a recharge card seller in the early GSM days, then graduated into a Cybercafe owner, but no business has paid me as well as Lotto. The money is so much, it’s almost unreal.”

Shyna started with one shop and has expanded to become a proud owner of 5 flourishing betting businesses.

The business of betting in Nigeria

Betting’s got swag. It’s a global unifier which has a cult following of hushed loyal customers. It is so important that services are conducted around it.

Maybe it deserves a church. Perhaps, The Betting Ascension Cathedral with several branches all over Nigeria. Where messages are centred around the blessings that this business has to offer. All these shows how massive and seriously taken betting is in Nigeria.

In the recent past, betting was regarded as a past time of elderly sports enthusiasts. Baba Olayinka started his Baba Ijebu lottery business 3 years ago after he had retired from his place of work on Lagos Island. For him, Lotto, before he ventured into this line of business, was small corner shops where retired elderly men place bets and pore over sheaves of papers filled with numbers.

Baba Olayinka in his shop at Ikorodu

Andrew Eseibo, a photojournalist, lends credence to this thought through his Game of Hope project. However, it is clear that although the industry was not as big as it is now, it was still a huge deal.

Pool agent, Akinode Adekole, cross checks the results of the previous matches, a job he does every morning. (Credit: Andrew Esiebo/Twenty Ten/Africa Media Online)

Best friends, Adebutu Kessington and Solomon Ayoku have been christened the founding fathers of the Nigerian Lotto industry. When Kessington started his pool business in 1963, he had just a table and pen. However, the business grew so fast that he branched out into casino, sports betting and entertainment in no time at all. They also made so much money that one of the hottest musicians of their time, Chief Commander Ebenezer Obey waxed a record for them in 1967.

32:43 Face To Face: “To ba fe lowo, to ba fe ta pools, Face to Face ni o lo… Eni nla ni se ohun nla, Adebutu Kessington pelu Ayoku mi”

Kessington later testified to an abundant result after the release of the album.

“[The record] made my business boom by over 100 percent. It didn’t only make me popular, my business boomed”.

All the betting agents that were interviewed attested to the frequency with which bets are staked. Waheed, a NairaBet agent claims that people spend anything from ₦50 to ₦100,000 a day on betting.

Salary, a resident of Ikorodu who has been betting for some years said that although it is a risky game, it is also lucrative. “Some days, you bet a huge amount on a game and you lose and some others, you spend N200 and win almost N300,000.

Salary, (whose real name is Fatai), runs a tutorial and CBT centre. “Sports betting is interesting, knowing that you can lose your money only adds to the thrill of the game,” he says.

“Betting is part of the hustle, so you just have to keep investing some money in order hit jackpot,” Lekan Olowo says. There’s also the thrill of winning, so when you spend a paltry amount of money and you take home huge winnings, it’s like a lure, you keep going back for more.” Lekan acceded that he has spent over a million naira in the past one year on bets.

On our way out of Shyna’s shop,  he pointed out a red Volkswagen Golf 4 in the parking lot. The owner is one of his customers who had spent ₦100,000 in bets and unfortunately lost. However, since he couldn’t settle his bill, he had to let go of his car, which was his collateral.

How tech is changing the traditional lotto game

With the advent of technology and other modern betting firms such as Bet9ja and Nairabet, there is also an evolution/ expansion of the clientele. Research has shown that lotto is now played across all genders from the ages of 14 to 60. The advent of internet connectivity has proven to be a game changer, where one can now bet within the comfort of their homes.

When Shyna started his betting business, he couldn’t have imagined that he would own 5 shops with about 20 people in employment. He is quick to attribute this to technology. He claimed that he started with pen and paper in a small kiosk.
“ You see this internet business has completely changed everything. The demand for sports betting is constantly on the rise. I only have to help out computer illiterates, the semi-literate ones, you teach them how to use the app and they go ahead. They may only come around to chat or claim their winnings.”

This type of betting ‘directory’ is fast becoming outdated with the proliferation of betting agents and advancement in technology

He pointed out a bicycle repairer who bets in the comfort of his home. “That guy didn’t know anything about phones before. But,  we encouraged him to get a phone, not just anyone, an android. Today, he doesn’t have to come to my shop, he does his business anywhere he fancies.”

Shyna doesn’t have to be physically present in his shops for things to go on smoothly. He mentioned that with the help of SWIFT Networks which he uses, subscription/payment is made on only one modem and all his shops are connected to it. It is advantageous and also almost surreal to him that he can get things done as fast as possible without so much physical labour.

This is a computer-printed bet slip, which is less cumbersome

Even smaller lotto shops like Olayinka’s Baba Ijebu lotto shop have their own functional technology, which works like an ATM. It is also interesting that Baba Ijebu has kept up with the times.

Baba Ijebu bet slips at ₦50 each

The company has gone a step further to serve their market, which consists mostly of the elderly, semi-literate and illiterates. They partnered with MTN and introduced a USSD code- *755# so that their clientele can have easy access to game results.

How Nigerian tech companies can hit the jackpot

In 2016, the News Agency of Nigeria (NAN) reported that Nigerians spend ₦1.8 billion daily on betting. Over 60 million Nigerians spend an average of ₦3,000 each on placing bets daily. An official in one of the betting companies opines that “the Nigerian betting industry is large and ripe for harvest. Gone are the days when betting was frowned at. These days, it is providing employment and empowering young people.”

However, he described how exorbitant it is to acquire the necessary foreign software and licensing.  “In order to have a viable betting business, you need solid software and you can’t get that in Nigeria. So you’ve got to have deep pockets.”

The Guardian recently gave an account of the amount Nigeria loses from the importation of foreign technology. Nigeria reportedly makes a yearly loss of N25 billion with the importation and maintenance of lottery technologies.

The CEO of Grandlotto Yellow Terminal brand who was interviewed by The Guardian said:

“Payment for the acquisition of software licenses and support services constitute another 20 and 40 percent of our annual technology budget spends respectively.”

While he projected that the money spent on technology import may increase in 2017, he hopes that local tech companies can create local solutions.

Although Nigeria is in recession, various reports have shown that the Lotto industry is a viable source of revenue generation. But why have Nigerian tech companies shied away from creating indigenous solutions for this billion-Naira industry?

Razak Olaegbe, an ICT expert explained that Nigerian tech companies have the capacity to develop local technologies. “It is just that local innovators are not looking in that direction. All of them are focusing on fintech, no one is exploiting the opportunities in lottery technology.”

A web developer and analyst Ope Adedeji (not real name), insists that the problem is laziness and what he called the ‘copycatting’ syndrome. “Nigerian techies are lazy. Most of them are just modelling after what has raised money for someone else or attempting to recreate foreign solutions. Instead of us to focus on building local solutions, we are busy looking around for Western validation and investments. It’s a shame really.”


Photographer: Emmanuel Ogunsola

Interview assistant: Ifeanyi Ndiomewese

Additional image credit: Andrew Esiebo, Game of Hope project, 2010

Writer. Photographer. Managing Editor at TechPoint.ng.

Interested in African culture, history, politics and policies.

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Article source: https://techpoint.ng/2017/04/28/nigerian-tech-missing-lotto-industry/

Prague Gaming Summit announce new speakers(Vojtěch Chloupek and Yancy Cottrill) and highlight sponsors of the …

April 2017 – Prague – The organizers of Prague Gaming Summit have released a new press release about the new developments of the upcoming inaugural event. It has been a busy week over at the EEGEvents office and the team is really looking forward to giving you even more in detail news soon.

As you may know, the seminar type conference will take place between June 8-9 at Andel’s by Vienna House Prague and promises to bring together regulators, operators, affiliates and software providers in order to discuss the options of the newly regulated online gambling market of the Czech Republic.

Beside the careful examination of the current legal framework’s positive and negative aspect, the organizers have set the agenda to also target the Scandinavian and Baltic regions.

The first edition of the yearly Summit will also give way for the delegates to network with regulators, gaming experts, operators, software providers and investors.

More internationally recognized professionals are joining the panels

Below you can read about the two well-known professionals of the online gambling industry who will be joining the already confirmed speakers of the event.

Panel: The Benefits of the European Gambling Laws (8th of June – 11:30 AM – 1:00 PM – Prague Local Time)

Yancy Cottrill

Prague Gaming Summit announce new speakers(Vojtch Chloupek and Yancy Cottrill) and highlight sponsors of the eventManaging Director of Business Operations at NSoft, located in Mostar, Bosnia and Herzegovina.

He received his LL.M in International Business Law from Central European University.

Yancy, an American attorney licensed to practice law in the states of New York and North Dakota, oversees the legal department. He advises the management on legal issues and changes in legislation across all markets where NSoft is doing business.

Prior to joining NSoft, Yancy served as a staff attorney to the Congress of the Federated States of Micronesia, where he drafted legislation on a regular basis. Albeit his time on the islands, he has lived and worked primarily in post-communist emerging markets for the past 12 years.

Prague Gaming Summit(June 8-9) announces the first set of keynote speakers

 

Panel: Focus on the Czech Republic (8th of June – 9:30 – 11:00 AM – Prague Local Time)

Vojtěch Chloupek

Partner in the Czech Bird Bird office and Head of the Intellectual Property, Tech Comms and Media groups in Czech Republic and Slovakia

His expertise covers intellectual property (IP)/ information technology (IT) law, gaming and media law. He also regularly assists clients in connection with various data protection and related compliance matters, as well as competition law matters.

For the past 5+ years Vojtěch has been actively involved in advising gaming companies on a broad range of legal issues including provision of online system operations, preparation of contractual documentations, related licensing and regulatory matters as well as enforcement of intellectual property rights.

Prague Gaming Summit announce new speakers(Vojtch Chloupek and Yancy Cottrill) and highlight sponsors of the eventHe is an author of the Czech chapter in Duisberg A., Picot H. The Law of Video and Computer Games and the Czech Chapter in 3rd edition of Thomson Reuters’ Gaming: A Global Guide from Practical Law.

Vojtěch has been repeatedly recognized as a leader in his field of expertise (Intellectual Property and Technology, Media  Telecommunications). He received ILO Client Choice Award 2014-2015 and was named WIPR Leader by World IP Review and IP Star by Managing IP (2016, 2017).

He is the President of LES Czech Republic and Slovakia, local representative of ITech Law and active member of ALAI. Vojtěch was also recently admitted as a member of IMGL (International Masters of Gaming Law).

You can reach Vojtěch on the following e-mail address: vojtech.chloupek@twobirds.com.

Announcing the first Gold Sponsors

The first announced Gold Sponsor of Prague Gaming Summit is Betting Gods, a tipster management platform and one-stop place where you can check out the best of the best sports betting advisors.

The online service brings together a number of different tipsters under a single platform and this allows Betting Gods to manage their tipsters’ services, market them and most importantly for you as a punter, ensure that the best quality tips are made available.

The whole operation is managed by Darren Moore(speaker at Prague Gaming Summit) who Prague Gaming Summit announce new speakers(Vojtch Chloupek and Yancy Cottrill) and highlight sponsors of the eventhas loads of experience in the field of operating tipster services. In terms of what you can get from Betting Gods, it links punters up with tipsters in a variety of different disciplines. From football to golf, and horse racing to rugby.

Naturally, this variety means that there is something for everybody, no matter what type of betting you like, or your approach.

Welcoming the first two Silver Sponsors

At the forefront of the gaming industry since 2007, SBTech is a leading provider of interactive sports betting solutions and management services to top gaming operators, established bookmakers and land-based networks in regulated and traditional markets around the globe.

SBTech has been announced as one of the Silver Sponsors of the inaugural edition of the yearly Prague Gaming Summit.

Beside the award-winning sports betting solutions provider, Nsoft has also announced their support of the event as Silver Sponsor.

The 2nd announced Silver Sponsor of Prague Gaming Summit is Nsoft, a company which provides top quality software solutions for gaming and betting industry, including platform, virtual games, sportsbook, and lotteries.

Their success story is not something that happened by chance. A combination of great products, great people, and great culture played a key role in their growth. The team at Nsoft understands that strong and long-­term partnerships are essential for further development, so they’ve joined forces with world’s leading sport data provider ­ – Sportradar. This means their products are available through Sportradar’s sales channels.

The organizers are honored to have these firstly announced sponsors supporting their event and invite you to join them in Prague.

Delegates can reserve their limited seats at an Early Bird Rate of 250 EUR(-50%) until 28.05.2017 by registering on the official website of the event: https://praguegamingsummit.eu/

…or by choosing your delegate package(delegate passes with accommodation at the official hotel) here:

For more details about the event, you can contact the organizers directly by e-mail on the following e-mail address: zoltan.tundik@eegevents.org or by phone on +40 726 388 370.

Make sure you check back for more updates about Prague Gaming Summit.

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Article source: https://calvinayre.com/2017/04/24/press-releases/prague-gaming-summit-announce-new-speakersvojtech-chloupek-yancy-cottrill-highlight-sponsors-event/

Tough Opening… Kambi profits & margins impacted by player friendly football results

Nordic Nasdaq-listed industry sports betting platform and software supplier  Kambi Group Plc (Kambi) has declared a difficult start to 2017, as the company’s operating profits and margin were hit by player friendly football results recorded during the final weeks of Q1 2017 (period ending 31 March). 

The company had previously sent a communication to investors detail period impacts. Despite posting strong group revenues of €14.2 million, up 7% on Q1 2016’s €13.3 million, Kambi would declare an operating profit of €1.4 million (Q1 2016: €2 million).

Issuing a market update, Kambi governance detailed the impact which the player friendly results had on its operating margins which had declined to 10%, a significant decrease on Q1 2016’s 15% hold.  

Despite unfavourable Q1 2017 conditions, Kambi governance were positive of the firm’s position moving forward, detailing the continued strong growth of in wagering of its client network which had grown 27%. The company further detailed that it would continue to strengthen its commercial pipeline, which had gained a number of new Tier-1 clients in 2016.

Kristian Nylén, CEO of Kambi would detail to investors: “The latter part of the quarter resulted in an unusually high number of player-friendly outcomes in the major football leagues, which impacted the trading margin. It is in the nature of the business for the trading margin to fluctuate between quarters depending on the result of sporting events.”

“The underlying strong performance and momentum within the company is unaffected by these events. This makes me confident in our strategy and business model which creates value for our operators.”

“As mentioned in the Q4 2016 report, we are delighted to have signed a contract with Greentube in February and look forward to helping expand its online sports betting offering with Kambi’s premium Sportsbook across Europe. We continue to develop our Sportsbook to carry on delivering an exceptional experience for the end users.”

Article source: https://sbcnews.co.uk/latestnews/2017/04/26/tough-opening-kambi-profits-margins-impacted-player-friendly-football-results/

Fantasy Sports Operator USFantasy Set To Debut App In Nevada By Summer

Nevada fantasy sports

USFantasy Sports, a pari-mutuel style of daily fantasy sports, is set to release a mobile wagering app in Nevada after less than a year of operation. The mobile app is expected to be released in Nevada in the next few months.

USFantasy’s app, on the way

The app is being designed so that the company can deploy it in other states that may offer USFantasy in the future. Currently, USFantasy operates in Nevada and in Colorado under Mile High Fantasy. Upon release, the app will only be usable in Nevada.

USFantasy is currently building and testing its app behind the scenes. USFantasy expects to submit to the Nevada Gaming Control Board for approval shortly.

Once approved by the NCGB, it should be released to the public for a live field trial. Customers can use the app, but there will be extra eyes on the process behind the scenes to make sure everything is working properly.

The USFantasy app is being created in-house and will offer the same pari-mutuel DFS contests that appear in casinos. This app will only be for USFantasy contests. Sports bettors will continue to use sportsbook apps for traditional sports bets.

The product will be white labeled so that casinos and other districts may offer the apps themselves with their own branding. For example, Mile High Fantasy in Colorado may issue the app with their own custom branding. In Nevada, participating casinos could offer their own custom USFantasy app.

Currently, Nevada residents can only play USFantasy in select casinos. Players looking to go mobile will have to set up a separate mobile sports wagering account for USFantasy.

Once released, customers may have as many as three mobile wagering accounts at a single sportsbook including traditional sports betting, horse racing, and USFantasy. The NGCB and sportsbook operators have been workshopping this issue for over a year with hopes to combine all wagering into one account. Unfortunately, there’s no target date for this to happen.

USFantasy is exploring different ways to potentially fund and cash out the mobile accounts.

USFantasy app features

Out of the gate, the USFantasy app will be able to work over wifi. When apps using miomni software were first released, they did not work over wifi. This was a major issue for many sports bettors. Thankfully, the issue has been fixed, and USFantasy won’t have that problem.

One of the best features in the app will be the ability to view recent past player performance. The app will allow you to pull down recent games from each player. This is a great option to do quick research on players without closing the app.

While the app will be different from the website, you will see some of the better features from USFantasy.com. The app will show how much money each pool has and the respective results from the pools.

Pari-mutuel fantasy sports

USFantasy is different from traditional DFS. The pari-mutuel style betting is a hybrid of DFS and horse betting. There are pools of players made available every day and bettors may choose “win,” “place” or “show.” Bettors can also place exotic wagers like exactas (1st and 2nd place) and trifectas (1st, 2nd, and 3rd place) for larger payouts.

DFS operators must obtain a gaming license in order to operate in Nevada. DraftKings, FanDuel, and others have decided not to obtain a license. All traditional DFS companies do not operate in Nevada. The regulations probably won’t change in Nevada anytime in the near future.

Article source: http://www.legalsportsreport.com/13833/usfantasy-app-nevada/

Btobet expanding in LatAm, partnering with Enfield Group’s Apostamina brand

BtoBet has targeted Latin America as a fast growing market with an enormous potential for the gaming industry. On this regard, Alessandro Fried, BtoBet’s chairman, confirmed: “Our recent statistics about the continent show a significant increase of the internet penetration and a very deep involvement of the gaming followers into sports betting and casino gaming market. At the same time, as a considerable number of LatAm areas are regulating their markets, operators are showing a very strong interest in expanding their business in this promising continent.”

Btobet expanding in LatAm, partnering with Enfield Groups Apostamina brand.Following the solid establishment in the Colombian market, BtoBet has decided to expand its business into Paraguay. Fried highlighted: “We are closing important agreements with international operators, employing BtoBet’s platform to develop their business in Latin America. In fact, thanks to BtoBet’s omnichannel, multi-jurisdiction and multi-currency iGaming platform and clever Sportsbook software, they can have the technology, the security and the flexibility needed to face the market in these areas.”

ENFIELD group, a solid licensed gaming company based in Paraguay, operating offline and online gaming activities in the territory under the local regulating authority Conajzar, has chosen BtoBet as partner to drive its brand, Apostamina.

Gonzalo Enjuto, Enfield’s CEO, reported his experience in Paraguay:

“In Paraguay, people are looking for new ways of entertainment. They are football and sports lovers, loyal followers of their favourite teams. Local players are well informed about the most important international leagues and events. Paraguay is currently home to various local gaming operators feeding the gambler demands and like other countries in Latin America, presents a very hard challenge for licensees:  to grasp what people prefer. It took a great deal of work by my team to study the market and set the right strategic business action in the country.”

And commenting on the partnership with Btobet, Nicolas Enjamio Apostamina’s COO added:

“After months of deep analysis, evaluating at least 10 different betting platforms, we opted for BtoBet’s futuristic software which offers farsighted features, projected into the future. When a technology company looks into this type of venture online, it is important to be able to see how the platform provider sees the future of e-commerce and the internet. BtoBet is the perfect technological partner for us, providing high-level and easy-to-use solutions and a responsive supporting team to help operators when needed.”

Alessandro Fried, BtoBet’s chairman, congratulated Enjuto and Enjamio on the success of Apostamina in Paraguay and stated: “We are very proud to have been chosen by Enfield Group as a partner in Paraguay. I firmly believe that their expansion plans will be totally fulfilled by our technology that provides the company with the greatest insight into players’ data and behaviour. Additionally, the possibility to suggest to players what they most like – through the Artificial Intelligence engine – will definitely increment customer’s loyalty to the brand and our partner’s business success.”

BtoBet will be at Fadja gaming show, on 26th-27th April, at stand 49.

About BtoBet                                                                                                                                                BtoBet is a pioneer in new technologies for iGaming operators and the betting industry by using technological intelligence as its main base for its products. It offers unique, customizable, secure and flexible cloud-based systems delivering unprecedented capabilities to drive sportsbook and iGaming business. BtoBet has 13 offices. The Technical team of the company is in Skopje and has an ever growing team of developers. BtoBet’s dynamic Sportsbook team operates from Rome, whilst Malta hosts the commercial and marketing center. Visit our site on: www.btobet.com.

 

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Article source: https://calvinayre.com/2017/04/24/press-releases/btobet-expanding-latam-partnering-enfield-groups-apostamina-brand/

Btobet expanding in LatAm, partnering with Enfield Group’s …

BtoBet has targeted Latin America as a fast growing market with an enormous potential for the gaming industry. On this regard, Alessandro Fried, BtoBet’s chairman, confirmed: “Our recent statistics about the continent show a significant increase of the internet penetration and a very deep involvement of the gaming followers into sports betting and casino gaming market. At the same time, as a considerable number of LatAm areas are regulating their markets, operators are showing a very strong interest in expanding their business in this promising continent.”

Btobet expanding in LatAm, partnering with Enfield Groups Apostamina brand.Following the solid establishment in the Colombian market, BtoBet has decided to expand its business into Paraguay. Fried highlighted: “We are closing important agreements with international operators, employing BtoBet’s platform to develop their business in Latin America. In fact, thanks to BtoBet’s omnichannel, multi-jurisdiction and multi-currency iGaming platform and clever Sportsbook software, they can have the technology, the security and the flexibility needed to face the market in these areas.”

ENFIELD group, a solid licensed gaming company based in Paraguay, operating offline and online gaming activities in the territory under the local regulating authority Conajzar, has chosen BtoBet as partner to drive its brand, Apostamina.

Gonzalo Enjuto, Enfield’s CEO, reported his experience in Paraguay:

“In Paraguay, people are looking for new ways of entertainment. They are football and sports lovers, loyal followers of their favourite teams. Local players are well informed about the most important international leagues and events. Paraguay is currently home to various local gaming operators feeding the gambler demands and like other countries in Latin America, presents a very hard challenge for licensees:  to grasp what people prefer. It took a great deal of work by my team to study the market and set the right strategic business action in the country.”

And commenting on the partnership with Btobet, Nicolas Enjamio Apostamina’s COO added:

“After months of deep analysis, evaluating at least 10 different betting platforms, we opted for BtoBet’s futuristic software which offers farsighted features, projected into the future. When a technology company looks into this type of venture online, it is important to be able to see how the platform provider sees the future of e-commerce and the internet. BtoBet is the perfect technological partner for us, providing high-level and easy-to-use solutions and a responsive supporting team to help operators when needed.”

Alessandro Fried, BtoBet’s chairman, congratulated Enjuto and Enjamio on the success of Apostamina in Paraguay and stated: “We are very proud to have been chosen by Enfield Group as a partner in Paraguay. I firmly believe that their expansion plans will be totally fulfilled by our technology that provides the company with the greatest insight into players’ data and behaviour. Additionally, the possibility to suggest to players what they most like – through the Artificial Intelligence engine – will definitely increment customer’s loyalty to the brand and our partner’s business success.”

BtoBet will be at Fadja gaming show, on 26th-27th April, at stand 49.

About BtoBet                                                                                                                                                BtoBet is a pioneer in new technologies for iGaming operators and the betting industry by using technological intelligence as its main base for its products. It offers unique, customizable, secure and flexible cloud-based systems delivering unprecedented capabilities to drive sportsbook and iGaming business. BtoBet has 13 offices. The Technical team of the company is in Skopje and has an ever growing team of developers. BtoBet’s dynamic Sportsbook team operates from Rome, whilst Malta hosts the commercial and marketing center. Visit our site on: www.btobet.com.

 

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Article source: https://calvinayre.com/2017/04/24/press-releases/btobet-expanding-latam-partnering-enfield-groups-apostamina-brand/

Digitote – Sponsor Profile – #bofcon2017 – SBC News

Digitote is sponsoring Betting on Football 2017, the fourth edition of the largest international football and betting trade conference at Chelsea FC’s Stamford Bridge.

Ahead of the 3-5 May event, we spoke to Gunter Boyks, the CEO of Digitote about why football is such an attractive sport for betting, new technology that will impact football betting and what he’s looking forward to at the conference. Digitote has development offices in Berlin, Douglas and Recklinghausen and provides system solutions for the betting industry.

SBC: Why is football such an attractive sport for betting?

Gunter: Football is the most attractive sport, full stop. Of course, you might get debate and disagreement on this from fans of other sports but the facts speak for themselves – it is globally the most watched and the most played sport. And where people have a passion for a sport, in a large part they generally believe they have the knowledge of the game.

The sport fan’s inherent desire to be right, to prove they know more than the next guy, and ultimately to beat the system is the fundamental challenge sports fans accept when they bet on sports, and when they bet on football especially.

The football fan’s enjoyment of the game is also enhanced when they have something riding on the outcome, and now, with so many markets available in all the major football events fans can constantly feel they are part of the action of the game. We now live in a global economy and this has transferred to global access to football matches anytime, anywhere. Football fans may not always understand the intricacies and merits of each team but they inherently understand the game itself, which is why fans will still bet on football matches in leagues they have no knowledge of. This constant coverage is attractive to betting and football fans alike. The TV viewership football still demands is also important to drive betting popularity.

The established relevance of second screen content together with the length of competitions, tournaments and matches means football is by far the most widely covered sport and therefore the most interesting to betting companies.

SBC: From a consumer perspective, how is football betting changing?

Gunter: I think we will see a greater shift towards a more casual gaming experience in football betting.

You will always have the highly knowledgeable fan that is looking to use his know-how to improve his chances of making the right selections. But I think the growth areas will be in areas where products introduce an entertaining and enhanced experience to the average football fan. Football, and especially Premier League, aims to be much more accessible and I think betting products will likewise begin to fit a much broader demographic.

That is why Digitote is focusing on products for the casual bettor. Our SoccerSlot betting interface for example, gives an exciting betting experience that is aimed at the casual bettor. By simplifying the process to make an accumulator bet, and by giving multiple chances to win including big prizes for a small stake, we aim to cater for this relatively untapped betting audience.  

SBC: What new technology do you feel will have the biggest impact on football betting?

Gunter: I think the biggest impact will come from those companies that control both event and user data.

The sophistication in the methods of harvesting and understanding the relevance of data is accelerating rapidly. The breadth of coverage and the level of control companies have over that data present its own challenges, but I think the biggest opportunity will be for the sports betting software provider to create ways to harness that data to create products that customers want to use.

For the operator, the ability to gather, analyse and interpret customer data at the individual level and to provide highly relevant contextual offers for that individual customer represents a level of sophistication that will not only increase income opportunities, but will also provide customers a superior betting experience. The provision of tools and systems to enable operators to do this is an exciting challenge that Digitote is embracing.

SBC: What key agenda, debate or discussion do you want to hear at BOFCON 2017?

Gunter: I am personally looking forward to the market profiles track on Day 1. Digitote has been very strong in our home market (Germany) for many years. We are now actively seeking expansion into new markets and emerging markets are of interest. I’m looking forward to the discussions on Africa and Latin America in particular.

The flexibility of our sports betting solutions makes us the ideal partner for emerging markets where flexibility and speed to adapt and deploy are key requirements. At the very core of our omni-channel offering is our Xturf platform. As a proven platform for almost 30 years Xturf includes solutions for retail, internet, mobile, self-service machines and special hospitality capture and recognition systems.

Our single customer wallet capability across multiple venues and devices is open for easy integration of third party products, meaning we can quickly set up a working platform in new jurisdictions. Additionally, our managed service and white label online/mobile offering can be provided on a standalone basis to include a responsive mobile front-end with full CMS for sports, casino and virtual sports.

We envisage providing customised market relevant solutions which is why we have built our core system to be as flexible as possible.

Article source: https://sbcnews.co.uk/events/2017/04/10/digitote-sponsor-profile-bofcon2017/

Newgioco Group Files 2016 Year-end Results on Form 10-K

NEW YORK, April 19, 2017 (GLOBE NEWSWIRE) — Newgioco Group, Inc. (OTCQB:NWGI) a company providing regulated online and offline retail gaming and wagering through licensed subsidiaries in Italy, announced today that it has filed its 2016 year-end results with the U.S. Securities and Exchange Commission.

The Company reports record gaming turnover by exceeding $100 million for the first time in corporate history resulting in revenue growth of 82.6% to $8.9 million for the year ended December 31, 2016.  The Company also finished with approximately 86,000 registered customers in 2016 up from 36,000 in 2015, outperforming growth targets by approximately 10%.

Additional report highlights include:

  • Cash in the bank grew significantly from $157,363 to $2.2 million;
  • Total Assets more than doubled from approximately $3.6 million to $7.4 million;
  • Non-GAAP gaming turnover reached $106 million in 2016, an increase of 41.8% compared to $72.6 million in 2015;
  • GAAP revenue reached $8.9 million in 2016, compared to $4.9 million for 2015, an increase of 82.6%.

Overall net loss before income taxes, which includes non-recurring costs associated with acquisitions, non-cash expenses and stock-based payments, was trimmed by $216,038 or approximately 11% from $1.99 million in 2015 to $1.77 million in 2016.  The Company also recorded income tax payable of $198,025 on profits earned from gaming operations during the year.

Newgioco experienced a breakthrough year in 2016 with addition of over 100 land-based locations from Ulisse GmbH (“Ulisse”) as well as a state-of-the-art betting platform through the acquisition of Odissea Betriebsinformatik Beratung GmbH (“Odissea”).  This innovative betting platform known as “ELYS” provides the Company with the software technology and in-house ability to process wagers, manage the products offered to our customers and develop new games and products to meet trends of the market “on-demand.”

With the acquisitions, Newgioco welcomed two key retail gaming operations experts from Ulisse, Gabriele Peroni our new VP of Business Development, and Franco Salvagni our new VP of Retail Operations, as well as the highly talented team from Odissea including Luca Pasquini our new CTO, and Federico Reisenauer along with two top-ranked Microsoft MVP software engineers Michael Denny and Alessandro Alpi.

“Although we are very pleased with developments in 2016, our management team remains committed to enhancing shareholder value by improving operational efficiencies as our top-line continues to grow,” stated company Chairman and CEO, Michele Ciavarella.  “With the bar set, we are confident that an ambitious goal of 30 – 40% growth in retail gaming turnover for 2017 can be realised through capturing market share by organic expansion within our existing network, and by capitalizing on attractive acquisition opportunities on the strength of our innovative betting platform.”

About Newgioco Group, Inc.

Newgioco Group, Inc., together with its wholly owned subsidiaries, is a fully licensed and integrated online and land-based gaming operator.  The company conducts its business primarily through internet-based gambling and sports betting platform under the registered brand Newgioco on our website www.newgioco.it as well as retail neighborhood betting shops situated throughout Italy.

The company offers its clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots, as well as an innovative betting platform (www.odissea.at) providing both B2B and B2C bet processing.  Additional information is available on our corporate website at www.newgiocogroup.com.

This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  The company has tried, whenever possible, to identify these forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “expects,” “forecast,” “plans,” “intends,” “potential” and similar expressions.  These statements reflect the company’s current beliefs and are based upon currently available information.  Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the company’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements.

Investor Relations Contacts

Juli Kerr-Yee
investor@newgiocogroup.com

Newgioco Group Investor Relations contact form:
http://www.newgiocogroup.com/index.php/contact-us/

Article source: https://globenewswire.com/news-release/2017/04/19/962127/0/en/Newgioco-Group-Files-2016-Year-end-Results-on-Form-10-K.html

Playtech-Rank Group agree major casino contract extension

All 54 UK Grosvenor properties to integrate Playtech table and slot management system – only a year on from initial casino management deal

London: April 202017 – The Rank Group, one of the UK’s most established gaming operators, has agreed a significant contract extension with Playtech to include the full integration of its table and slot management systems across its entire 54 land-based UK Grosvenor casino estate.

This agreement further strengthens Playtech’s status as market leaders in delivering the industry’s best-in-class omni-channel gaming solutions and the ultimate gaming experience via its pioneering Playtech ONE suite of software.

Today’s announcement comes just a year on from an initial deal to implement Playtech’s Neon casino management system across the casino estate which has since driven significant revenues for the group.

The new project will see Playtech implement the Neon Slots system to manage the group’s 3,000 electronic gaming machines and the Neon Tables iPad application to cover Grosvenor’s 650 tables.

Playtech-Rank Group agree major casino contract extensionRank will migrate its 54 casinos from its existing system to Neon in the second half of 2017.

Rank Group’s Neon system, developed by Playtech subsidiary IGS, is the most technically advanced retail casino system in the world delivering a browser-based HTML5 user interface via Microsoft Azure.

Playtech’s retail division, including IGS, is firmly established as the fastest-growing supplier of systems to land-based casinos with the majority of UK casino groups using Neon to manage their operations.

In 2016, Playtech successfully implemented the Neon system across all 54 Grosvenor casinos in order to manage player tracking data, guest relations and cash desk operations, and to support the group’s responsible gaming, anti-money-laundering and security activities.

Rank also uses the Neon Analytics business intelligence platform, including a suite of custom dashboards designed to meet the specific needs of its venue and head office management teams.

Richard Playle, Director of Finance for Grosvenor Casinos, said: “The project to replace our management systems was very successful. We worked as a team to address a wide range of technical challenges and business innovations and have successfully rolled out a system which is performing well across the estate, and meeting our business and technical goals. 

 “Migrating our gaming systems to Playtech will enable us to complete our modernisation, offer an improved player experience and complete our vision for a single account and wallet across our retail and digital businesses,” he added.

Martin Sykes, Managing Director of Playtech Retail subsidiary Intelligent Gaming, said: “Rank is the largest casino operator in the UK and one of the most technically innovative in the world. I am positive that no other system supplier could have achieved what we did in 2016.

 “We developed new features, optimised Neon for deployment in the Cloud, provided numerous integrations and supported the transition from the legacy systems, keeping data in step as we implemented the 54 sites, Sykes added.

About Playtech

Playtech is a market leader in the gambling and financial trading industries. Founded in 1999 and listed on the Main Market of the London Stock Exchange, Playtech has more than 5,000 employees in 17 countries.

Playtech is the gambling industry’s leading software and services supplier with more than 140 licensees globally, including many of the world’s leading regulated online, retail and mobile operators, land-based casino groups, government sponsored entities such as lotteries, and new entrants opening operations in newly-regulated markets. Its business intelligence-driven gambling software offering includes casino, live casino, bingo, poker and sports betting.

It is the pioneer of Omni-channel gambling which, through Playtech ONE, offers operators and their customers, a seamless, anytime, anywhere experience across any product, any channel (online, mobile, retail) and any device using a single account and single wallet. It provides marketing expertise, sophisticated CRM solutions and other services for operators seeking a full turnkey solution.

Playtech’s Financials division operates both on a B2C and B2B basis. Its B2C focused offering is an established and growing online CFDs broker, operating the brand markets.com. Its B2B offering includes the division’s proprietary trading platform, CRM and back-office systems, as well as its liquidity technology platform which provides retail brokers with multi-asset execution, prime brokerage services, liquidity and complementary risk management tools.

For further information, contact:
Playtech plc
Mor Weizer, Chief Executive Officer
Andrew Smith, Chief Financial Officer
c/o Bell Pottinger

James Newman, Head of Investor Relations
+44 (0)20 3772 2500

Bell Pottinger
David Rydell
+44 (0)1624 645954

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Article source: https://calvinayre.com/2017/04/20/press-releases/playtech-rank-group-agree-major-casino-contract-extension/