Posts Tagged ‘professional sports betting software’

Online sports betting: A quick guide for beginners

Published Thursday, Feb. 23, 2017, 9:30 am

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New to the world of online sports betting? The multitude of betting sites, offers, types of bets, and conditions can be a bit daunting at first, but once you get the hang of how everything works it is really quite simple. Getting started can take a bit of time, so we have compiled this quick guide of things to look out for and what to do when it comes to starting your online betting career.

 

How to Pick the Right Operator

The starting point should be deciding which site or sites you want to play with. Joining more than one site can be beneficial, and you shouldn’t feel like you need to stay loyal to a particular operator once you have joined. You can always cash out your funds and play somewhere else if you feel you have made the wrong decision.

One thing to watch out for is if the site also provides the opportunity to play other games. You may want to enjoy some table casino games between betting on sports. This 888casino review details how the site has high-quality slots available with a decent variety. There are also special offers including an $88 no deposit bonus to users who download the free casino software.

Bonuses are the other important thing to look out for. Deposit bonuses are common, and there are often special promotions focusing on particular matches. For example, some sites will pay back your stake if you only get one result wrong in an accumulator.

 

What Kind of Bets Should You Make?

Sport betting isn’t just about predicting the outcome of a single match. Accumulator and combined bets (see video above) on multiple outcomes are a way to earn big sums without having to risk too much. Analysing team and player performance stats is a good starting point for making such bets. For example, if you wanted to bet on basketball you could take a look at the fact that London Perrantes has been scoring an average of 12.3 points per game. But at the same time Virginia have been on a losing streak. A good combined bet at that time could be to stake on Perrantes to score more than ten points with Virginia to lose the game.

Another option could be to bet larger sums of money on outcomes that you think are fairly likely. The returns won’t be as much, but you can build up your pot gradually.

 

Things to Watch Out For

Always read the small print with regards to offers. Sometimes winnings on a deposit bonus might be paid back in the form of free bets, or a casino bonus can only be used in conjunction with certain games. If in doubt, most sites have 24/7 support and you can chat via messenger or email with site operators.

If you are getting into betting for the first time, remember to set yourself some guidelines. Never bet more than you are willing to lose, set yourself a betting limit per week, and learn to walk away when you are up. These are strong foundations for enjoyable betting.

Article source: http://augustafreepress.com/online-sports-betting-quick-guide-beginners/

Casino Offering Drives Revenue Growth for Playtech in 2016

Supplier of omni-channel solutions for the international gambling industry Playtech today published its financial results for the full year ended December 31, 2016. The company generated revenue of €708.6 million, up 12% year-on-year on a reported basis and 20% on a constant currency basis.

The company hailed the performance of its Gaming division, particularly of its Casino vertical. Gaming revenue increased 21% at constant currency during the reported period, mainly driven by a 23% casino revenue rise. Playtech’s flagship casino offering generated the total amount of €354.6 million last year.

Mobile casino offering was among the leading drivers of revenue growth. Revenue from products for hand-held devices grew 113% in the year ended December 31, 2016 due to greater mobile penetration. An 80% rise in the distribution of mobile software resulted in revenue from mobile representing 33% of overall software revenue generated by the company.

Despite a slowed growth in the second half of the year, Playtech noted that it was content with its Sports vertical. Revenue from Sports increased 2% year-on-year, driven by the establishment of the Playtech BGT Sports business.

Of its land-based offering, Playtech said that it enjoyed a strong organic growth during the second half of the year. The company has decided to allocate revenue from that particular vertical into its other verticals as from 2017, a move it believes reflects its omni-channel nature in the best possible manner.

Playtech hailed a substantial progress of work on its Virtual Sports offering, but noted declines in the Bingo and Poker verticals.

Gaming revenue from regulated markets continued growing. In 2016, it accounted for 48% of the bulk. In comparison, it represented 47% of overall revenue a year earlier. Playtech said in its annual report that it would maintain its focus on regulated markets in the years to come.

As for the company’s Financials division, it generated overall revenue of €65.6 million in 2016, up from €60 million in 2015. Playtech said that it considered it a transformative year for its newly established business and that it is now poised for a continued growth in 2017 and the years to come.

In 2016, Playtech engaged in heavy merger and acquisition activity as part of its growth strategy. As noted by the company in its report, it spent €240 million on several strategic acquisition deals. The company purchased slot development studio Quickspin, sports betting software and solutions provider BGT, and bingo software and hardware producer and supplier ECM Systems to boost its Gaming division, as well as Straight Through Processing brokerage firm Consolidated Financial Holdings to expand its Financials business.

Related News

Article source: http://www.casinonewsdaily.com/2017/02/23/casino-offering-drives-revenue-growth-playtech-2016/

AMUsys reports of betting terminal technology success at ICE.

Article source: http://www.yourguides.net/amusement-gaming/news/amusys-reports-of-betting-terminal-technology-success-at-ice

April Aces: Why Rick Porcello Should be Your Opening Day Starter

The Red Sox season is right around the corner (42 days to be exact) and the full squad is down in Florida for Spring Training.

Now is the time when fantasy guru’s and beginners start their research about who they want to draft for their fantasy baseball season. If you’re in a league for money, like me, you want to build a solid pitching rotation.

Whether you use Yahoo Sports or sports betting software, you need pitching to build a successful team.

The Red Sox did just that during the offseason when they acquired Chris Sale in a blockbuster trade with the Chicago White Sox. Though they didn’t use any betting software, they had Dave Dombrowski behind the wheel of this deal.

When the Sox got Sale, many questions arose about who would be the Opening Day starter because in the offseason before, David Price signed a massive contract and was expected to be the ace of a pitching rotation that so desperately needed help.

But along came Rick Porcello – fresh off a 2016 Cy Young award and who unofficially became the ace of the staff that Price was signed on to help.

I’ve been back and forth with who should get the ball for Opening Day. Maybe my grandmother and boyfriend influenced my decision after having countless conversations with both of them on this topic.

But after these conversations that have been more frequent as of late, it seems like a no-brainer.

So, who does Sox skipper John Farrell give the ball to when he has three potential aces waiting to take the mound?

Rick Porcello.

I had high hopes for Porcello going into the 2016 season and even said in our bold predictions piece that maybe my hopes were a little too high. They ended up not being high enough after the right-hander finished the season going 22-4 with a 3.15 ERA through 33 starts.

He struck out 189 batters through 223 innings of work.

Although his playoff start, and the entirety of the 2016 ALDS, was not what Red Sox Nation had expected, Farrell should still hand the ball to Pretty Ricky come April 3rd.

With big names like Price and Sale, it would be an easy choice to give them the start. But with how Price’s season went last year, it’s hard to trust him on the mound because he lacks the confidence the Sox rotation needs.

Between his tweets and constant reminders that he would get the Red Sox fans behind him, it’s obvious the pressure of pitching in a market like Boston got to Price in his first year here.

It’s understandable. Even though he’s pitched in the American League, Price never felt the pressure of pitching for a team where wins and playoff pushes are expected year in and year out.

Despite a 17-9 record, the inconsistency is what the real problem was. Sometimes he couldn’t get enough run support on his end, but that wasn’t his fault. But if he hadn’t given up five runs through his outing, he wouldn’t have needed to rely on the offense.

He had multiple double-digit strikeout games. But that came at the cost of giving up many runs and hits. Price gave up 233 hits in the 2016 season – the most in the league.

It was a disappointing first season from Price and in no way am I throwing in the towel because I believe he will pitch much better this season because he won’t be in that leading role where he won’t feel so much pressure.

In fact, he won’t even be in the two-spot. Because that’s where Sale will be.

He finished last season with the White Sox with a 17-10 record and a 3.34 ERA. Pretty close to how Price finished. We all heard about his issues with the team from the handling of Adam LaRoche having his son in the dugout to the cutting up of the throwback uniforms, but he’s going to bring the kind of attitude that Price needs to see.

Sale is going to Price on the right track and make him understand that it’s okay to not put so much worry into what the fans think.

So with Sale and Price in the two-three spots in the rotation, that leaves Porcello as your Opening Day Starter.

Maybe I’m crazy to think he deserves it, but he has most certainly earned it.

As I stated previously, he finished the 2016 season with a 22-4 record after an abysmal first season with Boston where he went 9-15 with a 4.92 ERA and only pitched 172 innings. Fans were ready to give up on him and some already had – calling his contract a waste of money, saying he should be traded etc.

Porcello did a complete 180 in 2016, even earning him the ball in Game 1 of the ALDS. Although his start did not go all that well (neither did Price’s, before you make the comparison), he still earned it because of how he pitched in the regular season.

He, like Sale, has the type of attitude you need from your ace. He took the leadership role and pitched his way to 22 wins, including an 89-pitch complete game shutout.  

This doesn’t take away from the talent I know both Price and Sale have. But Price needs to prove he can handle what Boston is as does Sale. But Sale will have an easier time here in Boston simply because of his attitude and mentality.

And after Porcello completed his dominant season by winning the Cy Young award, how do you deny the Opening Day start to him?

You don’t.

If you want MORE coverage of your team, check out Red Sox Beat Podcast here on CLNS Radio! The latest episode is below and check us out on ITUNES as well!   

 

 

 

Article source: http://clnsradio.com/boston-redsox-news/item/15291-april-aces-why-rick-porcello-should-be-your-opening-day-starter

Newgioco Group Announces Ticker Symbol Change to ‘NWGI’

(MENAFN Editorial)

Disclosure NewswireTM

iCrowdNewswire – Feb 15, 2017

NEW YORK — Newgioco Group, Inc. (OTCQB:EMGL) a company providing regulated online and offline gaming and wagering through licensed subsidiaries in Italy, announced today the change of its OTCQB trading symbol from ‘EMGL to ‘NWGI. The change will take effect at the start of trading on February 16, 2017.

The new trading symbol, which is more closely aligned with the company name, ‘Newgioco Group, Inc, is intended to strengthen the Newgioco brand recognition throughout all the regulated gaming territories in which it operates and to increase its profile within the investment community.

Beginning February 16, 2017 all information, including stock trading, SEC filings, and market data related to Newgioco Group, Inc. will be reported under the new ticker symbol, ‘NWGI. Contemporaneously with the change on our name on July 20, 2016, the CUSIP for company’s common stock has been change to 65136T106. Outstanding stock certificates are not affected by the symbol change and will not need to be exchanged.

Our company Chairman and CEO, Michele Ciavarella stated ‘the change in our trading symbol checks off another box in our execution plan to take Newgioco through the next stage of development aimed at meeting all criteria for listing our shares on a national stock exchange. Mr. Ciavarella further remarked, ‘Our blueprint continues to focus on increasing market share during disruptive legislation changes for operators in Italy and deploying our powerful industry-leading betting software platform in this strong and regulated core market. Our licensed, multi-functional online sports-betting and gaming platform and highy experienced management are aimed at exploring regulated US gaming markets particularly as the huge market liberalises in the USA.

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 our internet-based gambling and sports betting platform under the registered brand Newgioco on our website www.newgioco.it as well as land-based 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. 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 Andrew Barwicki516-662-9461 / [email protected]/* */

MENAFN2002201700703403ID1095255422

Article source: http://menafn.com/1095255422/Newgioco-Group-Announces-Ticker-Symbol-Change-to-NWGI

Berjaya Sports Toto: Concerns On Dividend Sustainability As Core Business Faces Headwinds

Company Description

Listed on the Malaysian Bursa and also traded over the US OTC markets (OTCPK:BJSAF), Berjaya Sports Toto (BToto) is a Malaysian company primarily engaged in toto betting, leasing of online lottery equipment, and the manufacture and distribution of computerized lottery and voting systems. As part of its diversification plans, BToto also operates a hotel in the Philippines and retails luxury motor brands in the UK.

Sports ToTo Malaysia (key subsidiary)

BToto’s key operating subsidiary, Sports Toto Malaysia, operates approximately 680 outlets throughout Malaysia, offering seven games namely Toto 4D, Toto 4D Jackpot, Toto 5D, Toto 6D, Power Toto 6/55, Supreme Toto 6/58 and Grand Toto 6/63. The subsidiary has three draws weekly. Sports Toto Malaysia has been consistently the market leader among all Number Forecast Operators (“NFO”) in the country (in terms of total revenue).

Berjaya Philippines (BPI)

BToto’s subsidiary BPI is an investment holding company based in the Philippines. Its key subsidiaries include Philippine Gaming Management Corporation (PGMC), UK Luxury Car Retailer H.R. Owen PLC (HRO) and Perdana Hotel Philippines (PHPI).

PGMC leases online lottery equipment and provides software support to the Philippine Charity Sweepstakes Office (“PCSO”), the government agency responsible for lotteries and sweepstakes, in Luzon. Revenue from equipment leasing as well as maintenance and repair services are recognized based on an agreed percentage of gross lottery ticket sales receipts. As at April 2016, PGMC had 4,569 lottery terminals installed in 4,263 outlets. PCSO and PGMC have enjoyed a strong working relationship and extended the equipment leasing agreement in August 2015 to August 2018.

PHPI operates the 223-rooms Berjaya Makati Hotel in Metro Manila. Berjaya Makati Hotel had operated previously as Best Western Astor Hotel and its name was changed after being acquired by PHPI in December 2010. We do not view its occupancy rate in the last few years favorably, with occupancy rates of only 65% and 61% in FY16 and FY15, respectively. Going forward, BToto has not announced any plans for PHPI but we would view any potential divestment of the unit favorably (assuming transaction terms are reasonable and fair).

HRO is a franchised luxury motor retailer in the UK. The company operates numerous vehicle dealerships and sells both used and new vehicles. It also engages in other operations, including vehicle maintenance, spare parts sales, chauffeuring and others. Outlets are found in London, Berkshire, Gloucestershire, Manchester and other parts of the UK, retailing top-tier luxury brands such as Ferrari, Maserati and Bugatti. Profitability of the unit remains low (compared to BToto’s other operations), with 1H17 EBIT margins of 1.4%.

International Lottery Totalizator Systems (ILTS)

ILTS supplies lottery systems (including gaming system software and agent terminals) and provides after services (e.g. training, facilities management and maintenance support) to online lottery and pari-mutuel racing industries globally. With more than 30 years of experience, ILTS has supplied more than 65,000 wagering terminals for customers in more than 20 countries.

In addition, ILTS owns a voting business segment (Unisyn Voting Solutions (UVS), which develops and markets the OpenElect digital optical scan election system to election jurisdictions. Its products were used in the 2016 U.S. presidential election.

Rationale for our unflattering view

Core toto betting business in the Malaysia faces near-term headwinds, raising concerns on dividend sustainability

The rampant proliferation of illegal gaming across Malaysia poses significant challenges to the legal toto betting industry. Players within these illegal channels offer better payouts for their customers and also avail credit, all of which legal entities such as BToto and Magnum are unable to provide. As a result, the legal toto betting industry has been losing market share to their counterparts. It has been estimated that the illegal market is 1.0x to 1.5x the size of the legal industry, illustrating the challenges to BToto.

We have observed visible impacts on the leading toto betting companies:

  • Magnum: 9M ending September 2016 gaming revenues and PBT fell by 3% and 23%, respectively
  • BToto: 6M ending October 2016 toto revenues and PBT fell by 2% and 9%, respectively

Partially as a result of external threats, legal industry players have had to introduce new games and undertake new marketing campaigns to entice customers, intensifying intra-industry competition.

Key initiatives introduced by BToto’s key rival (Magnum):

  • Launched off a new game (4D Powerball) in January 2016, offering its customers chances to win multi-million jackpots
  • Nationwide campaign to promote and educate the public on Magnum’s games with product awareness walkabout teams
  • Enhance Magnum 4D Mobile App, which allows customers to scan the QR code on their ticket to check if they won

We believe that sector headwinds could affect BToto’s dividend sustainability and note that quarterly dividend distributions have lagged brokers’ expectations for two consecutive quarters (Total of eight Malaysian Cents actual versus 10 Malaysian Cents expected).

HRO’s profit contribution remains too small to offset the declining toto betting business

Despite accounting for 42% of 1H17 revenues, profitability of the motor dealership segment only accounts for 8% of total operating profits (pre unallocated corporate expenses). In our view, segmental EBIT margins remain unattractive at 1.4% compared to BToto’s core operations.

Going forward, we believe that HRO’s plans to grow its presence would likely translate to higher marketing costs and CAPEX. In BToto’s 2016 annual report, it was reported that as part of HRO’s partnerships with top-tier brands, the firm had invested in more dealerships with showrooms and after-sales facilities to meet corporate identity standards as required by the brands it represents and to increase its throughput and sales turnover.

Initiatives observed include:

  • Scaling up of luxury hire and chauffeur drive operations, from four cars to 25, and five staff to 15
  • Opening of a Maserati after-sales in North West London
  • Planned opening of a new Maserati showroom in Manchester in March 2017

Furthermore, various sources have pointed in the same direction that effects of higher inflation (stemming from the GBP slump) could affect consumer discretionary spending.

A Reuters poll suggested that consumer spending is expected to weaken as the strain of higher prices takes effect, following the GBP slump. Secondly, reports from the British Retail Consortium showed cash retail sales grew at the weakest pace for any November-to-January period since 2008/2009, when the UK economy was its low point after the GFC. Thirdly, the Confederation of British Industry’s retail sales balance for January suffered the sharpest one-month drop since records began in 1983, while a European Commission survey of the retail sector and official data for December also weakened.

Data from Google, Markit and European Commission have pointed to increasing concerns about inflation. The BRC survey and Kantar Worldpanel supermarket data also suggested UK consumers are now paying more for essential goods.

Taking the above into consideration, discretionary spending could potentially be adversely affected. Falling sales could further dilute HRO’s profitability, considering the rising operating expenses from enlarged operations as well as higher working capital requirements.

Potential headwinds from further declines in PCSO sales

PGMC’s revenue and PBT fell 12% and 20% YoY for 2QFY17. This was due to lower sales reported by the PCSO. Further sales declines could result in PCSO negotiating for lower leasing fees in 2018 when the current agreement expires, which will lower profits.

Events to be triggered for us to reevaluate BToto

We view BToto’s key attraction to be its 5% dividend yield, supported by operations which have strong cash flow generation ability. As discussed above, external threats from illegal gaming channels have been growing, cumulating in revenue headwinds for major players.

Moreover, intra-industry competition remains stiff, as players seek to introduce new gaming variants and undertake nationwide marketing campaigns to promote awareness for their products. This increases operating expenses and dilutes profitability of BToto’s operations.

Furthermore, HRO faces macro headwinds and EBIT margins are only 1.4%, which we do not view optimistically. We also struggle to see visible synergies between BToto’s various businesses and this has a considerable impact on the appeal of the firm’s equity story to us.

That said, BToto’s toto betting business remains its key revenue and profitability generator and is a proven cash cow. We would look to reconsider our analysis of the company once we observe a sustainable uptick in the toto betting industry or an intensified effort by the government to crack down on illegal gaming in Malaysia.

Conclusion

At its current share price of MYR2.96 (as of 17th February 2017), BToto trades at a 5.4% 1H17 annualized dividend yield. We do not view this as attractive, as we believe that the downside risks outweigh BToto’s rewards, considering BToto’s dividend generation ability could be affected adversely by heightened competition from the toto betting industry competitors to the external threats from the illegal betting sector. Consistent decreases in dividends announced may cause the firm’s share price to be adversely affected further. We would look to reconsider BToto should there be favorable industry developments such as crackdown on illegal gaming.

This article is part of Seeking Alpha PRO. PRO members receive exclusive access to Seeking Alpha’s best ideas and professional tools to fully leverage the platform.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Thank you for your time in reading the above article. I write on a wide range of companies on a regular basis. If you are interested in obtaining the latest updates, you could do so by following me on a real-time basis by clicking “Follow” button near the title. This article is intended to provide information to readers and does not constitute investment advice. As I have no knowledge of individual reader’s circumstances, goals, and/or portfolio concentration or diversification, readers are expected to complete their own due diligence before purchasing any stocks or other securities mentioned. This post is illustrative and educational and is not a specific recommendation or an offer of investment product or services. Past performance is not an indicator of future performance.

Editor’s Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.

Article source: http://seekingalpha.com/article/4047164-berjaya-sports-toto-concerns-dividend-sustainability-core-business-faces-headwinds

Newgioco Group Announces Ticker Symbol Change to “NWGI”

NEW YORK, Feb. 15, 2017 (GLOBE NEWSWIRE) — Newgioco Group, Inc. (OTCQB:EMGL) a company providing regulated online and offline gaming and wagering through licensed subsidiaries in Italy, announced today the change of its OTCQB trading symbol from “EMGL” to “NWGI.”  The change will take effect at the start of trading on February 16, 2017.

The new trading symbol, which is more closely aligned with the company name, “Newgioco Group, Inc”, is intended to strengthen the Newgioco brand recognition throughout all the regulated gaming territories in which it operates and to increase its profile within the investment community.

Beginning February 16, 2017 all information, including stock trading, SEC filings, and market data related to Newgioco Group, Inc. will be reported under the new ticker symbol, “NWGI.”  Contemporaneously with the change on our name on July 20, 2016, the CUSIP for company’s common stock has been change to 65136T106.  Outstanding stock certificates are not affected by the symbol change and will not need to be exchanged.

Our company Chairman and CEO, Michele Ciavarella stated “the change in our trading symbol checks off another box in our execution plan to take Newgioco through the next stage of development aimed at meeting all criteria for listing our shares on a national stock exchange.”  Mr. Ciavarella further remarked, “Our blueprint continues to focus on increasing market share during disruptive legislation changes for operators in Italy and deploying our powerful industry-leading betting software platform in this strong and regulated core market.  Our licensed, multi-functional online sports-betting and gaming platform and highly experienced management are aimed at exploring regulated US gaming markets particularly as the huge market liberalises in the USA.”

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 our internet-based gambling and sports betting platform under the registered brand Newgioco on our website www.newgioco.it as well as land-based 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.  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

Andrew Barwicki
516-662-9461 / andrew@barwicki.com

Article source: https://globenewswire.com/news-release/2017/02/15/917554/0/en/Newgioco-Group-Announces-Ticker-Symbol-Change-to-NWGI.html

Betgenius aims to stay ahead of the pack with new 2017 trading products

Sports betting technology and software Betgenius is helping sportsbook operators give greater control to their customers via a range of new trading products, set to be showcased at ICE 2017 next week.

As punters demand more and more from their chosen sports betting operator, Betgenius is staying ahead of the game with a series of new product launches to complement its customisable, automated trading tools.

Visitors to the ICE exhibition will be able to get a first look at Betgenius’ unique Cash Out innovation, which allows punters to access the function right until the final whistle, even on accumulator bets.

The new Betgenius Cash Out product has been developed to solve the growing issue of frustrated punters being denied the option to cash out ‘winnings’ late on in sporting events – often causing damage to bookie’s reputation as customers voice their anger on social media.

However Betgenius Cash Out creates up to 100% availability for the function across match day singles and accumulators, with the ability to configure suspensions to suit bespoke needs. Betgenius is also showcasing its brand-new Minute Markets product, which allows punters to bet across 12 in-game events in one, two, three, four or five minute periods.

Uniquely, the market types are offered as binary yes/no options as to whether events will happen – adding a fresh and exciting element to the in-play betting experience.

Matt Stephenson, Business Development Director at Betgenius, said: “At ICE this year, alongside our tried and tested trading products, we are showcasing fresh, innovative products designed to vastly improve the betting experience for punters. The trend of punters demanding greater control over their bets is here to stay, and these products are clear examples of how Betgenius can help its partners meet that demand.”

Other trading products being showcased at ICE include:

  • In-Play Manager: Now featuring over 150,000 live events per annum across 25+ sports
  • NEW PreMatch Manager: Our revamped console, with Pyramid Pricing, providing operators with optimised odds across all sports and events
  • Racing Manager: Check out our fully automated trading and streaming solution designed to remove resource-heavy manual odds compilation
  • eSports: Betgenius is the most experienced supplier of eSports trading services on the market, having launched the industry’s first comprehensive pre-match and in-play betting service back in 2015.

 

Article source: http://www.sbcnews.co.uk/technology/2017/02/02/betgenius-aims-stay-ahead-pack-new-2017-trading-products/

Cold-call investment scam accused stole $3.2m from victims, say police

A man extradited from South Australia to Queensland on multiple fraud charges is personally responsible for stealing $3.2m from victims, police say.

Tomas Anthony Novak, 51, was granted bail at Southport magistrates court on Friday after being extradited to the Gold Coast.

Novak is accused of being a salesman in a cold call investment scam which police allege has netted $59m from victims across the country.

Detective Sergeant Janelle Walsh said police believe $3.2m of victim losses could be directly attributed “to his activities”.

“We executed some search warrants early on in May of 2015 at some business premises down on the Gold Coast and it was through computer analysis and things along those lines that we identified who he was,” Walsh told reporters on Friday.

Police allege the man worked for Gold Coast-based companies named Accord Professionals Group Pty Ltd, Voss Capital Management Pty Ltd, LayBet Professionals, Charterhurst Agencies Pty Ltd and Parkview Corporate Services Pty Ltd.

The businesses allegedly sold customers sports-betting software that was defective. Several people allegedly involved in the businesses have already faced court.

Magistrate Bernadette Callaghan granted Novak bail on condition he provide a $50,000 surety and live on the Gold Coast.

She said his decision to move to South Australia after the initial arrests of people involved in the businesses aroused concern he was attempting to avoid authorities.

“His entire behaviour indicates he may be at risk of failing to appear,” Callaghan told the court.

The matter has been adjourned until 9 February.

Police said they were confident the key members of the alleged scam had been identified, but warned the public to be wary of similar cold-call scams.

“It is timely for us to remind the public of the importance of seeking independent and legal advice before committing to any form of investment,” Acting Detective Superintendent Terry Lawrence said.

Article source: https://www.theguardian.com/australia-news/2017/jan/27/cold-call-investment-scam-accused-stole-32m-from-victims-say-police

Playtech agrees fraud and risk management partnership with Featurespace

London: February 9th 2017 – Playtech, the world’s leading gaming content and software, systems and services supplier, has agreed a strategic partnership with Featurespace, an industry leader in fraud prevention and risk management software using Adaptive Behavioural Analytics and machine learning.

Playtech agrees fraud and risk management partnership with FeaturespaceThe collaboration will see Featurespace’s ARIC™ technology solutions integrated into Playtech’s player management system to provide an enhanced layer of fraud and risk management tools for Playtech licensees.

Featurespace’s real-time, machine learning ARIC™ platform detects fraud and risk management anomalies in individual player behaviour, and will allow Playtech’s customers to detect any unusual activity in their player base. This will enable Playtech’s customers to strengthen their risk management, further reduce fraud losses, and increase revenue.

The partnership further underlines Playtech’s commitment to helping customers manage risk and to providing best-of-breed gaming products to its customers.

Shimon Akad, COO, Playtech, said: “Playtech has a proven track record in delivering the most advanced fraud prevention and risk management software and services to our licensees. We are therefore delighted to be partnering with Featurespace in order to offer our licensees access to an additional, sophisticated, best-of-breed fraud prevention solution. This arrangement further enhances our commitment to our customers and their players with the best gaming experience in the industry.”

Martina King, CEO, Featurespace, said: “We are proud to partner with Playtech. Both companies are committed to providing innovative solutions to the gaming sector, and this partnership will enable real-time access to an enhanced level of protection for Playtech’s customers.”

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 13 countries.

Playtech is the gambling industry’s leading software and services supplier with more than 130 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.

www.playtech.com

For further information contact:

Playtech plc

Mor Weizer, Chief Executive Officer
Andrew Smith, Chief Financial Officer
c/o Bell Pottinger
+44 (0)20 3772 2500

James Newman, Head of Investor Relations
+44 (0)1624 645954

Bell Pottinger
David Rydell / Olly Scott

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Article source: https://calvinayre.com/2017/02/10/press-releases/playtech-agrees-fraud-risk-management-partnership-featurespace/