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Month: August 2021

Italy iGaming Dashboard – May 2018

first_img Email Address Bet365 maintained its lead in Italian-regulated online casino and sports betting in April as the dot.it market grew 12.7% year-on-year AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Bet365 maintained its lead in Italian-regulated online casino and sports betting in April as the dot.it market grew 12.7% year-on-year to €131.07. The Stoke-based operator’s saw its lead in sports betting over Planetwin365 shaved back to half a percentage point, standing at 14.7% in April. Similarly in casino its market share was cut to 8.67%, just 0.2% ahead of Lottomatica.Online sports betting benefitted from a higher margin of 11% compared to 9.4% the prior month, GGR rising to €58.7m from €51.3m the prior month despite stakes falling to €532.3m from €546.2m.In poker, PokerStars appears to have stabilised the fall in its market share in ring games that began last summer, its 39.61% of revenues only marginally down on its share in the preceding months of March and February. Click on the drop down options below to compare how Italy’s igaming market has performed on a monthly or annual basis. Revenue figures for online-only sports betting start from October 2016, with operator market shares from May 2017.All data and figures are processed by leading European corporate advisory firm Ficom Leisure, a specialist in all segments of the betting and gaming sector. Tags: Online Gambling 17th May 2018 | By Stephen Carter Subscribe to the iGaming newsletter Italy iGaming Dashboard – May 2018 Regions: Europe Southern Europe Italy Bingo Topics: Casino & games Finance Sports betting Bingolast_img read more

Evolution posts revenue and profit growth in Q1

first_img Tags: Online Gambling Subscribe to the iGaming newsletter Email Address Finance Live dealer software supplier Evolution Gaming has posted double-digit growth across both revenue and profit in the first quarter, as it felt the benefit of higher commission income from existing customers. 25th April 2019 | By contenteditorcenter_img Topics: Finance Evolution posts revenue and profit growth in Q1 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Live dealer software supplier Evolution Gaming has posted double-digit growth across both revenue and profit in the first quarter, as it felt the benefit of higher commission income from existing customers.Operating revenue in the three months to March 31, 2019, amounted to €79.3m (£68.5m/$88.4m), up 54% on €51.6m in the corresponding period last year.In addition to existing customers, Evolution cited the impact of commission from new clients in the quarter as one of the main drivers behind this revenue growth.Evolution noted higher demand for its live casino games, with the number of bet spots from end users up from 3.1bn in Q1 of 2018 to 5.1bn, while higher revenue from dedicated tables and environments also contributed to the overall increase.An expanding customer base meant Evolution spent more during Q1, with total operating expenses amounting to €491.m. This was driven by higher personnel costs, connected to the launch of new tables in the company’s studios.Staffing costs amounted to €29.0m in the quarter, up from €20.9m in the same period last year, while depreciation, amortisation and impairments increased from €4.1m to €5.7m. Other operating expenses jumped from €8.8m to €14.3m.However, despite these higher costs, Evolution reported a significant increase in operating profit, which was up 64% year-on-year to €30.2m, while earnings before interest, tax, depreciation and amortisation also hiked from €22m to €35.9m.Profit before tax climbed from €17.8m to €30.1m and, while profit after tax for the period was up from €16.5m to €28.6m. Evolution paid a total of €1.6m income tax in the quarter.Martin Carlesund, CEO of Evolution, praised the supplier’s strong performance in the quarter, saying that this favourable start to the year means it is likely to end 2019 in the upper end of its 44-46% EBITDA margin for the full year.“Throughout last year, we expanded studio space and customer environments and the number of tables in line with the increasing demand from our customers, and we can now see how all of this pays off,” he said.“It is our assessment that Live Casino as a product vertical will continue to take market shares in 2019 and why we consequently will continue to invest based on our customers’ demands in our studios also going forward.”Carlesund also picked up on the impact of increasing regulation in a number of markets, namely the US, Canada and Sweden. During the quarter, Evolution went live with DraftKings in the US, Lotoquebec in Canada, and both Svenska Spel and ATG in Sweden.“With hard and focused work and high energy throughout 2018 and in the first quarter of 2019, we have taken our product portfolio to a whole new level, broadened our own market and created a new market for the industry, which in our perspective makes the gap between ourselves and the competitors wider than ever,” he said.last_img read more

Who Wants to Be a Millionaire Mystery Box by Big Time Gaming

first_img12th November 2019 | By Aaron Noy AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Once again the biggest game show in the world meets arguably the best maths in the world, a match made in heaven for all BTG and Who Wants to be a Millionaire fans. Millionaire Mystery Box is a 243 ways slot designed to deliver a game to suit every type of player. Millionaire Mystery Box has a slick land-based feel and will appeal to a broad demographic due to its relative simplicity.The game is based on a 243 ways structure, with a quick draw land-based double up gamble which includes the ability to gamble the total free spin win, putting the player once again in the hot seat. Millionaire Mystery Box Free Spins features a ladder delivering both the Free Spins Multiplier and extra Free Spins to the lucky player. As more scatters ring into the reels, the multiplier goes up and the so does the potential!You can play a demo of this slot here!You can download the First Look Games affiliate pack for this slot here! Topics: Casino & games Slots Subscribe to the iGaming newsletter Casino & games Who Wants to Be a Millionaire Mystery Box by Big Time Gaming Once again the biggest game show in the world meets arguably the best maths in the world, a match made in heaven for all BTG and Who Wants to be a Millionaire fans. Millionaire Mystery Box is a 243 ways slot designed to deliver a game to suit every type of player. Millionaire Mystery Box has a slick land-based feel and will appeal to a broad demographic due to its relative simplicity. Email Addresslast_img read more

Optimove iGaming Pulse – February 2020

first_imgTo counter this, marketers might want to consider encouraging higher deposit amounts in their campaigns, e.g., by offering incentives on pre-determined deposit amounts and aiming to increase average monthly deposits.Optimove Pulse calculates the conversion rate as the number of first-time depositors divided by the number of players registered in a given time period.In February, we saw an increase of 7% YoY and 5% MoM, with the rate standing at 45%.New retention is different from retention as it shows the number of players who made their first deposit in the previous period who remained active the next month. In February 2020, the new retention rate increased by 10% on both a MoM and YoY basis.Casino The average number of monthly deposits per player decreased by 6% MoM, while remaining the same YoY, at €34. Monthly deposits increased by 12% YoY and 2% MoM, although the opposite trend was seen in monthly revenue per player, where we saw a decrease of 6%, both YoY and MoM.Monthly deposits increased by 12% YoY and 2% MoM, although the opposite trend was seen in monthly revenue per player, where we saw a decrease of 6%, both YoY and MoM. About iGaming Pulse: iGaming Pulse is an industry benchmark tool for the gaming sector. iGaming Pulse enables gaming operators to accurately assess their overall performance against industry-wide key performance indicators.Its figures are updated on a monthly basis. It enables gaming operators to gain a clearer understanding of how their KPIs compare against the rest of the industry, broken down by geography and game type. This type of data, which is made publicly available for the first time, provides operators with the ability to conduct comparative analysis and derive insight into how their performance compares with industry averages.iGaming Pulse comprises of data collected from over 200 online casinos and sports betting companies, including industry giants and boutique operators, providing an accurate, statistically significant sample of the industry. Access to this information is vital for operators that are limited to only their own data. Optimove’s iGaming Pulse is now fully accessible, ensuring operators will have a clearer overview of how they compare to the industry. The month of February brought about a slowdown for sports betting providers, with a clear decrease in the average deposit amount The online casino industry, on the other hand, had a better month, with gaming operators displaying a visible upward trend in both player retention rates and mobile bet rates.Sport The average single deposit amount was €33 in February, compared with €40 in February last year, representing an 18% decrease on a year-on-year (YoY) basis.This was also a decrease of 8% compared with the previous month. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Although there was a fall in the average deposit amount, total monthly deposits increased by 16% on a YoY basis. Optimove iGaming Pulse – February 2020 There was also a monthly decrease in revenue per player. More specifically, we saw a decrease of 8% on both a month-on-month (MoM) and YoY basis, with the figure falling to €93. The month of February brought about a slowdown for sports betting providers, with a clear decrease in the average deposit amountcenter_img Subscribe to the iGaming newsletter Casino & games KPI in focus: mobile bet rateThe has been a rise in the percentage of igaming taking place via mobiles since last year. In February,  63% of casino bets were placed via mobile devices, compared with 49% last year, representing a 28% increase.Migrating players to placing bets on mobile by encouraging them to download operators’ mobile app and play on the go has become more popular in the online casino space. The shift to mobile is increasing player engagement levels, allowing players to play wherever they are, whenever they want. In terms of the retention rate, there was an increase of 6% YoY and 5% MoM. Tags: Mobile Online Gambling 7th March 2020 | By Joanne Christie Topics: Casino & games Marketing & affiliates Sports bettinglast_img read more

CAP warns operators over esports betting marketing

first_img Email Address Subscribe to the iGaming newsletter Esports Topics: Esports Legal & compliance Marketing & affiliates The UK’s Committee of Advertising Practice (CAP), part of the Advertising Standards Authority (ASA), has issued a warned gambling operators to be especially careful when advertising esports betting, due to the key titles potentially being of particular appeal to minors.The ASA said the CAP has undertaken “comprehensive” work around esports betting marketing in order to ensure there are no gaps in gambling regulation.This has resulted in it warning all British Gambling Commission licensees that ads for esports betting must comply with the same rules governing all other forms of gambling advertising.The guidance observed that research published by GambleAware last month found that a large number of advertisements flagged as possibly targeting young people concerned esports, and so guidance on marketing in this vertical was necessary.CAP reminded operators that if a promotion is being advertised by a third-party social media account, such as through affiliate or influencer marketing, then the fact it is an ad needs to be clear.In addition, it said that gambling advertising must not be targeted at under-18s, either through medium or content and that advertisements targeted at adults should not pose a risk to children.Gambling marketing communications also may not be of “particular appeal” to under-18s, which the CAP said includes the use of cartoons, toys or influencers associated with youth culture.“The ASA has ruled that if an ad that holds particular appeal is very carefully targeted – such as within an email sent to only registered users whose age had been validated – then it would not break the rules,” the CAP said. “However, such validation may be difficult to obtain on social media alone.The CAP also reminded operators that individuals aged under 25 may not play a prominent role in gambling ads, besides on an operator’s website, and that this rule applies to esports players, many of whom are under 25.In addition, it said terms and conditions of their accounts and bonus offers must be made clear, even in limited space provided on social media channels.“Where there is limited time and space, some terms and conditions can be ‘one click away’,” the CAP said. “But remember, many social media platforms allow for users to use various techniques to get information across in a post.“For example, Twitter allows users to post an image along with the character limit for a tweet. We would expect advertisers to take advantage of all available technical options on a platform to include significant terms and conditions.”CAP will also update the Commission on its work in response to the GambleAware research, which found that 96% of 11-24-year-old participants had been exposed to gambling marketing messages in the last month, while those that were shown parts of gambling logos were able correctly identify an average of eight out of 10.The report also said this early exposure was a key factor as to whether a young person was likely to gamble in the future. If they had a close friend or carer that gambles, they were six times more likely to be a current gambler than those without such a connection.The CAP’s response to this report will be released in the Autumn. The UK’s Committee of Advertising Practice (CAP), part of the Advertising Standards Authority (ASA), has issued a warned gambling operators to be especially careful when advertising esports betting, due to the key titles potentially being of particular appeal to minors. CAP warns operators over esports betting marketing AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: UK & Ireland 23rd April 2020 | By Daniel O’Boyle Tags: Online Gamblinglast_img read more

BGC blasts ‘illogical’ north-east Covid-19 curfew

first_img UK industry standards body the Betting and Gaming Council (BGC) has hit out at the government for its decision to introduce a curfew on casinos in the north-east of England, saying the measures are “illogical” and “make no sense”. UK industry standards body the Betting and Gaming Council (BGC) has hit out at the government for its decision to introduce a curfew on casinos in the north-east of England, saying the measures are “illogical” and “make no sense”. 18th September 2020 | By Aaron Noy There are also reports that the government could introduce stricter rules for the whole of England, over fears that the number of people testing positive for Covid-19 could continue to increase. The decision came amid a significant increase in novel coronavirus (Covid-19) cases in the region, with the government seeking to slow the spread that is now impacting several areas of the UK. “Just last month, casinos in England were given the go-ahead by public health experts to re-open after they saw for themselves the anti-Covid measures they had put in place – from Perspex screens to best-in-class track and trace systems. Yesterday, the UK recorded 3,395 new cases of Covid-19 and 21 related deaths. Regions: UK & Ireland Topics: Casino & games Legal & compliance Regulation BGC blasts ‘illogical’ north-east Covid-19 curfew A BGC spokesperson added that such will be this impact that some casinos may never be able to resume trading after the measures are relaxed. The government is today expected to announce similar local lockdown measures for Lancashire, following an increase in Covid-19 cases across the region. Yesterday (17 September), the government announced that leisure facilities – including casinos – in Newcastle, Gateshead, Sunderland, Northumberland, South Tyneside, North Tyneside and the County Durham must close at 10pm. “What’s more, most casino customers are on their own or in couples, making it easier to maintain social distancing in venues.” The body’s latest intervention comes after BGC chief executive Michael Dugher and Genting UK boss Paul Wilcock earlier this week wrote to Culture Secretary Oliver Dowden to outline their concerns over a mooted 10pm curfew for all UK casinos. In the letter, Dugher and Wilocak said that the move could potentially lead to “thousands” of the UK’s 14,000 casino employees losing their jobs. However, the BGC has criticised the measures, in particular the curfew on leisure venues, pointing out that casinos conduct between 50% and 70% of their trade between 10pm and 5am, and as such will be disproportionately harmed by the limitations. Other local lockdown measures include people not being allowed to mix with others outside of their own households or support bubbles, while people are being advised not to socialise with others at public venues. Subscribe to the iGaming newsletter Regulation “This is a hugely disappointing and illogical decision which will inevitably lead to job losses in the casino sector,” the spokesperson said. “While we fully support the need to act quickly to protect public health, the simple fact is that casinos are among the most Covid-secure in the country, so ordering their closure as a way of slowing the spread of the virus makes no sense. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

Covid-19 continues to wreak havoc on Wynn performance in Q3

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: China US Macau Massachusetts Nevada 6th November 2020 | By Daniel O’Boyle A 77.5% year-on-year drop in revenue to $370.5m and a hefty tax provision meant Wynn Resorts swung to an $831.5m net loss in the third quarter of 2020. Covid-19 continues to wreak havoc on Wynn performance in Q3 Q3 results 2020 Wynn Palace in Macau, traditionally the operator’s main source of revenue, brought in only $15.7m, down 97.4% year-on-year as the Macau market as a whole struggled due to travel restrictions. Similarly, the Wynn Macau property brought in just $51.4m, down 89.2%. Read more on iGB North Americacenter_img However, chief executive Matt Maddox said the Macau locations began posting positive earnings following the end of the quarter, and so he does not expect these struggles to be long-term. Topics: Casino & games Finance Land-based casino Q3 results 2020 Subscribe to the iGaming newsletter Tags: Covid-19 Wynn Resorts International Email Address The operator made $201.9m from gaming, down 81.8%. Rooms brought in $61.1m, while food and beverages contributed $76.6m and entertainment, retail and other revenue came to $30.8m, all down more than 70%.last_img read more

MGM posts $247m loss as Vegas casinos continue to struggle

first_imgThe group said that while the prior year quarter was negatively affected by property closures for a portion of the period, the 2021 first quarter was negatively affected by midweek property and hotel closures, lower business volume and travel activity and ongoing operational restrictions due to the pandemic primarily at its Las Vegas Strip resorts. Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter MGM posts $247m loss as Vegas casinos continue to struggle 29th April 2021 | By Richard Mulligan Email Address Tags: MGM Resorts International Regions: Nevada Q1 results 2021 In its financial and operating results for the three months to 31 March, the North American casino operator reported consolidated net revenues of $1.65bn, which was down 27% year-on-year. Topics: Q1 results 2021 For the full story, visit iGB North America. MGM Resorts International said consumer demand strengthened in the opening months of 2021, despite posting a Q1 operating loss of $246.7m (£177m/€204m).last_img read more

Better Collective closes $240m Action Network acquisition

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Better Collective closes $240m Action Network acquisition The deal was announced at the start of this month. Of the $240m price, the vast majority will be paid in cash, alongside $11.4m in new Better Collective shares, issued at a price of SEK231.35 per share. Of the cash payment, $10m is deferred. Topics: Finance Marketing & affiliates Strategy Affiliates M&A Subscribe to the iGaming newsletter “We are excited to finalize the acquisition of Action and to formally welcome its employees to the Better Collective Group,” Jesper Søgaard, co-founder and chief executive of Better Collective, said. Tags: Better Collective Action Network “This acquisition gives us a leading position within sports betting media in the US and a strong foundation for profiting from the continuous regulation of the US betting market.” center_img 28th May 2021 | By Daniel O’Boyle Better Collective has closed its $240m acquisition of the Action Network, the largest deal in the super-affiliate’s history. Read the full story on iGB North America Regions: US Affiliates Email Addresslast_img read more

Patanjali back with PWL in a low-key deal

first_img Chennai Super Kings Suresh Raina appointed as Brand Ambassador for BharatPe Brands By Kunal Dhyani – January 11, 2018 Brands Patanjali back with PWL in a low-key deal Sports Business : Adidas launches ‘What’s One More’ campaign to celebrate athletes preparing for Tokyo Olympics Brands Indian women cricket team and 52 other stars feature in Nike’s film, narrated by World cup star Megan Rapinoe WWE adds several matches for tonight’s episode of Monday Night RAW YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndoDefinitionWhat ‘Harry Potter’ Characters Were Actually Supposed To Look LikeDefinition|SponsoredSponsoredUndo Brands Share on Facebook Tweet on Twitter IPL 2021: CSK’s captain MS Dhoni takes stake in start-up whick makes Helicopter Shot Choclates and Beverages Brands RELATED ARTICLESMORE FROM AUTHOR Sports BusinessBrands Brands Brands Adidas to play with more heart and harness the power of the game in new film narrated by athlete and icon, Siya Kolisi Baba Ramdev’s healthcare and FMCG brand Patanjali has realigned with the Pro Wrestling League as the title sponsor for the 2018 season. Patanjali Chyawanprash in the last-minute deal has been finalized as the title sponsor for the league.The cow pure ghee from Patanjali is one of the two associate sponsors. IPL 2020 : Mumbai Indians captain Rohit Sharma signs with Oakley eyewear Brands Cricket Business : Nike declines to renew, BCCI invites bids for Team Kit Sponsor and Merchandise Partner rights TAGSPATANJALIPATANJALI CHYAWANPRASHPro Wrestling LeaguePWL SHARE Brands by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Like247 SportsThe Highest-Paid College Football Coaches In 2020, Ranked247 SportsUndoGeorgetown UniversityLearn from Anywhere This Summer with Georgetown’s Online Summer CoursesGeorgetown UniversityUndoPhotoStickHow To Back Up All Your Old Photos In SecondsPhotoStickUndoThe 2017 edition of the PWL was supported by the herbal and healthcare natural supplement Patanjali Power Vita. The Hardwar-based multi-crore company had earlier opted out of its two-year sponsorship tie-up with India’s professional wrestling league.However, ProSportify in late negotiations have managed to rope in the brand. Sources in the Patanjali marketing team on condition of anonymity have revealed that the fresh deals are inked at a much lower consideration in comparison to the last season. “We have been able to garner the combined title and associate categories at a much favourable price,” the source said.Insidesport.co has approached the sales team of ProSportify, the league organisers, for further details. However, they did not share any information. The insidesport.co has reliably learnt that the league organisers are expecting to close a few more deals in the associate sponsors category.Meanwhile, PWL has also got Jindal Power and Steel Group brand, Jindal Panther TMT Rebars in the associate sponsor category. Facebook Twitter Brands PV Sindhu’s Stayfree digital campaign breaks record, clocks 12+ million views Previous articleGambhir, Harbhajan seek ₹2 cr base price for IPL auction: ReportNext articleDSA is Football Delhi; gets corporate sponsors, Pro League next Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Sachin Tendulkar says, ‘spare a thought for Barbers’ in Gillette’s new Campaignlast_img read more