NetEnt lands interactive gaming licence in Pennsylvania

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: US Pennsylvania Email Address Topics: Legal & compliance Tags: Online Gambling Legal & compliance Swedish casino games developer NetEnt has been awarded an interactive gaming manufacturer conditional licence by the Pennsylvania Gaming Control Board (PGCB).The new licence will enable NetEnt to deliver its portfolio of online games in the state’s regulated market.NetEnt already has deals in place with a number of customers in Pennsylvania in advance of the state launching its regulated igaming market.Parx Casino, controlled by Greenwood Gaming and Entertainment, brokered a deal with the developer last month. An agreement is also in place with casino giant Penn National Gaming, with NetEnt’s games set to be available on Penn Interactive’s Hollywood Casino website.“We are very pleased to be in the first round of approved vendors to conduct online gaming in Pennsylvania; this fits well with our strategy to be live with our products at the first day of market opening,” NetEnt Americas managing director, Erik Nyman, said.Pennsylvania has already passed laws to legalise online gaming in the state, but the PGCB is yet to announce a formal market opening date.It had been had previously been expected that online betting and gaming would launch in Pennsylvania in the first quarter of this year, after an anticipated launch at the end of 2018 was put back.Last month, NetEnt’s Nyman told iGamingBusiness.com he was hopeful that the regulated Pennsylvania market would open “sometime during Q2”.Confirmation of the Pennsylvania licence comes after NetEnt last month was also awarded a permanent Casino Service Industry Enterprise licence by the New Jersey Division of Gaming Enforcement (NJDGE).NetEnt has been active in New Jersey since 2015 via a transactional waiver while its full licence application was reviewed by the NJDGE, but the new licence now cements its place in the state’s regulated market.Image: S.MacMillen 14th March 2019 | By contenteditor Swedish casino games developer NetEnt has been awarded an interactive gaming manufacturer conditional licence by the Pennsylvania Gaming Control Board (PGCB). Subscribe to the iGaming newsletter NetEnt lands interactive gaming licence in Pennsylvanialast_img read more

Rolling with the punches

first_img Rolling with the punches Tags: Mobile Online Gambling 13th August 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter In GambingStartup.Ventures’ latest dispatch from the start-up frontline, Jonny Robb discusses how start-up founders quickly become used to operating at extremes. What may appear to be a precarious moment in a business’ development can quickly seem just another obstacle to be conquered. In GambingStartup.Ventures’ latest dispatch from the start-up frontline, Jonny Robb discusses how start-up founders quickly become used to operating at extremes. What may appear to be a precarious moment in a business’ development can quickly seem just another obstacle to be conquered.I recently met a start-up founder at a conference who casually explained how she’d raised £600,000 but the business wasn’t performing and the end of the runway was fast approaching. She said this calmly in passing, like it was some kind of a side note to the general humdrum of her day.It reminded me of a founder friend who runs a brilliant, but at times precariously balanced, digital agency. More than once he’s confided in me that if their latest pitch doesn’t land, he’s not sure where he’ll find £80,000 to pay his upcoming wage bill. Muttered between casual sips of his pint.Incredible, I thought. How on earth do these people sleep at night?That’s the funny thing about running a start-up, though, there’s only so long you can remain aghast at what lies ahead before you do the only thing you can – anything that moves you forward. When under pressure, faced with an obstacle, it’s quite remarkable how resilient and creative you’re forced to be.The longer you’re in the start-
up game, however, the more you recognise that when one door closes, as cataclysmic as it might seem at the time, other doors inevitably open. These doors can lead to fantastic places, and once you venture through them, your skin becomes that bit thicker and your sleep that bit deeper.This month we caught up with some of our start-ups in GamblingStartup.Ventures to find out what doors have been opening for them.First up is SkillCorner with their live match visualisation product that’s powered by Computer Vision and AI video tracking.“Our live ball tracking has improved considerably over the past few months and we are now close to 96% accuracy, including 3D ball trajectories,” explains head of business development and operations Morgan Jacquin. “We’ve also progressed the automatic detection of performance data such as ball possession, which we should have incorporated into our live match product later this year.”This is something we at Bettor Faster UX are excited to play with and take to our clients. Being able to connect real- time player stats to slick, low bandwidth visualisations presents some really exciting, unexplored UX opportunities for in-play.“On the business side, we are proud to have reached an agreement with a leading Premier League club to provide them with raw tracking data to help them with player scouting,” Jacquin adds.
“It’s the latest sign that SkillCorner is on the right track to revolutionise football data collection with fast, accurate and previously unavailable tracking data.”Next we caught up with Ukraine-based Fireswan, the guys behind a new mobile-focused automated betting strategy product, whose app is evolving at an impressive pace.“Currently we’re working on our killer feature – backtesting comparison,” says co-founder Max. “In the near future, our users will be able to follow a strategy knowing how it performed last season and if current performance correlates with it.“We expect return on investment (ROI) to be increasingly more predictable in the next version of our app too.”Like many of our start-ups, Fireswan is seeking investment and has been out there treading the boards.“The lesson we’re learning is that every investor wants to see how your product will hit mass market, how easy it is to use and what value it brings,” Max explains. “My advice to every start-up is to be flexible and accept the feedback. It is not easy when your product is criticised, but this is the way to success.”Wise words and a lesson many start- ups quickly learn. You’ll meet every type of person from those who tell you to stop wasting your time to those who visibly buzz from your vision.New to GamblingStartup.Ventures, we welcome Lotto Punto who remind us that there’s a whole world of unrealised opportunities out there beyond Europe and America.
“Colombia has a love-hate relationship with cash and paper-based transactions fueled by a deep distrust of internet payments and high online fees,” points out founder Victor Espinosa.Victor is using this to his advantage to create the first network of patent- pending IoT lottery vending machines installed in high footfall suburban areas. But he’s not content with stopping at gambling.“If Mariana wants to pay her electricity bill she has to take a one-hour bus ride into the city centre, then queue for an hour and a half, before riding the bus back home,” laments Victor.“Bringing an unbanked population into the internet economy in Latin America is a tough challenge. In addition to lottery, we will generate cross-selling with
mass consumption virtual products and banking services such as prepaid cell phone time and bill payments.”With 15 state lotteries onboard and ambitions to sell over USD $132 million via 5,000 Lotto Punto machines over the next five years, he is now seeking $500,000 investment to make it a reality.Closer to home in East London Tech City (aka Silicon Roundabout) we have the Wager team. Elliott and Leo, like us, are pinning their vision of the future on social betting by building an app to let you bet against your friends.“We are well aware that we are not the first to the party here,” explains co-founder Elliott Robinson. “Many start-ups have tried this and failed. Flutter.com in 2001 was too early (pre-mobile, pre- social networks). More recent attempts have neglected odds and required offline payments.”But perceptions are now changing. “Sky’s Group Bet feature allows friends to create and place bets together,” Robinson tells me. “But these bets are ultimately still placed against faceless institutions.”Going after a youth market, he explains, “Millennials check their phones around 150 times a day. On a weekend filled with live sport, I’d wager it’s double that.And therein, he believes, lies a golden opportunity with a new generation of bettorBettor Faster UX and Bet Blocks Messenger founders Jonny Robb and Nilesh Mistry have established GamblingStartup.Ventures, in a bid to connect early-stage gambling businesses around the world.center_img Topics: Casino & games Lottery People Sports betting Strategy Tech & innovation Subscribe to the iGaming newsletter Email Address Casino & gameslast_img read more

Fortune Frog by RTG Slots

first_img Topics: Casino & games Slots Subscribe to the iGaming newsletter Fortune Frogs with Cascading Wins! Find Gems in the Jungle! Fortune Frog is a 20-Fixed-Line game played on a special 3×5 game grid with Cascading Wins and special exploding Frog Bomb symbols that can create further potential wins. Fortune Frog by RTG Slots Casino & games Fortune Frogs with Cascading Wins! Find Gems in the Jungle!In the rainforest, you can hear them, but seeing them? Rare. Fortune Frog. They reveal the treasures of the jungle, jewels, and gems, and deliver “Frog Bombs” that count down three-two-one–zero, across spins, before exploding into more jewels over the 20-line honeycomb-shaped reels. You’ll come to love those Bombs! Match five jewels to win, then new symbols will cascade for another chance. Try Fortune Frogs, it’s a unique and fun take on slots.Fortune Frog is a 20-Fixed-Line game played on a special 3×5 game grid with Cascading Wins and special exploding Frog Bomb symbols that can create further potential wins.You can play a demo of this slot here! 17th December 2019 | By Aaron Noy AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

ASA bans “misleading” and “irresponsible” betting system ad

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The UK’s advertising standards authority has upheld three complaints against a website advertising a system for online casino bets, two for misleading and unsubstantiated claims and one for advertising gambling irresponsibly.The website, MakeLifeIncome.com, owned by tipster Paul Coleman, featured text including the statements: “I’ll Teach You How To Make £50-£100 or more a Day”; “No Work…No Hassle…No Risk”; “make £60 in the first hour” and “a system that’s guaranteed to pay” among other claims suggesting the system advertised could be a substitute normal income and was risk-free.In addition, tet on the site said the system “takes advantage of a glitch in the way online casinos work”, that it was unique and that it only applied to online casino games.A complainant challenged the ad on three grounds.The first claim was that the claims the system was “no-risk” and the profits mentioned were misleading and unsubstantiated, while the second argued that claims the system was unique, developed by Coleman and would only work in online casinos were also misleading and unsubstantiated.A third claim argued the ad was socially irresponsible because it suggested gambling could replace traditional sources of income.In response, Coleman said the ad was “designed to generate interest in an opportunity to make money from roulette and was based on his experience of using a system that he had developed”.In addition, Coleman said that “most of the feedback he received” from clients said that they had earned money by using his system. In addition, he said that he “could not be responsible” for clients who did not follow the rules correctly.Coleman added that the web page featuring the ad would be removed and the system would no longer be on sale. The website in question continues to advertise Coleman’s tipster services for horse racing and football on its other pages.The ASA upheld all three complaints. On the complaint regarding guaranteed profits, it said Coleman “had not provided any evidence to demonstrate that any users of the system had been successful and achieved profits”.“We concluded that the claims for the system’s success and profitability had not been substantiated and were therefore misleading,” it said.On the claim that the system was unique, the ASA said Coleman “had not provided any evidence to demonstrate how his system worked, how it differed from other gambling systems or how the method was exclusively designed for non-traditional casinos”. As such it ruled this claim to be misleading as well.When it came to the claim that the ad promoted irresponsible behaviour, the ASA pointed to the CAP code, which says advertisers must not suggest that gambling can be a solution to financial concerns, an alternative to employment or a way to achieve financial security.The ASA highlighted claims such as those using the system being able to escape the “rat race”, or being able to quit “tedious and irritating” jobs as being liable to be interpreted as the gambling system acting as  alternative to employment and a way to achieve financial security.“We concluded that the ad promoted a gambling service as an alternative to employment and a way to achieve financial security, and was therefore socially irresponsible,” the ASA added.As a result, the ad must not appear again in its current form, and Coleman was warned that he must produce evidence to support claims that his system was risk-free or that it was a new system, as well as that he must not promote gambling as an alternative to employment or a path to financial security. Casino & games The UK’s advertising standards authority has upheld three complaints against a website advertising a system for online casino bets, two for misleading and unsubstantiated claims and one for advertising gambling irresponsibly. Regions: UK & Ireland 17th June 2020 | By Daniel O’Boyle Topics: Casino & games Legal & compliance Marketing & affiliates Tags: Online Gambling Subscribe to the iGaming newsletter Email Address ASA bans “misleading” and “irresponsible” betting system adlast_img read more

PointsBet nets landmark deal with NCAA’s Colorado Buffaloes

first_img PointsBet has signed a five-year deal to become a betting, gaming and fantasy sports partner of The University of Colorado Buffaloes, becoming the first operator to sign an agreement with a “Power Five” collegiate sports team. Regions: US Colorado Casino & games PointsBet nets landmark deal with NCAA’s Colorado Buffaloes 9th September 2020 | By Daniel O’Boyle PointsBet has signed a five-year deal to become a betting, gaming and fantasy sports partner of The University of Colorado Buffaloes, becoming the first operator to sign an agreement with a “Power Five” collegiate sports team.The deal will see PointsBet signage appear at football stadium Folsom Field, as well as at the team’s basketball and volleyball stadium the CU Events Center. The operator’s brand will also feature in gameday promotions, television advertising space and on radio broadcasts.The National Collegiate Athletic Association (NCAA), which governs collegiate athletics, has taken a strong stance against gambling in the past and does not permit gambling advertisements during competitions it organises such as the NCAA Basketball Tournament.However, there is no such prohibition for conference games, other regular season games or games organised by other entities such as college football bowls and playoffs.The University said the deal “provides a financial boost for CU Athletics during a time when athletic department budgets nationwide are stressed by the COVID-19 pandemic”, with other Division I universities cutting back on collegiate sports programmes.Read more on iGB North AmericaImage: ThatCanadian Topics: Casino & games Marketing & affiliates Sports betting Tags: Mobile Online Gambling Spread Betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Email Addresslast_img read more

500.com to acquire majority stake in Loto Interactive

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Cryptocurrency mining is an area that 500.com recently entered following the appointment of Xianfeng Yang, who previously oversaw Loto Interactive’s data centres, as its new chief executive earlier this month. 500.com then acquired a number of Bitcoin mining machines, worth around £10.7m, from unnamed US sellers. Tags: 500.com Loto Interactive The remaining interests in Ganzi Changhe will be acquired from two sellers for a total consideration of around CNY88.2m (£10.0m/€11.3m/$13.7m). Loto Interactive currently owns 51% of the equity interests in the business, and upon completion of the transactions will own 100% of its equity interests. Chinese lottery provider 500.com has entered into a share subscription agreement to acquire approximately 169m new shares of solutions business Loto Interactive, bringing its stake from 33.7% to around 54.2%. 29th January 2021 | By Conor Mulheir Email Address It also currently runs three major data centres, offering premises, hardware support, power supply, ancillary supervision and management to customers who partake in cryptocurrency mining. Loto Interactive and its subsidiaries’ business largely consists of data analysis and storage services and the distribution of mobile gaming, as well as money lending in Hong Kong.center_img At the same time as 500.com’s share subscription agreement, Loto Interactive has entered into an agreement to acquire the remaining equity interests in its indirectly held subsidiary, Ganzi Changhe Hydropower Consumption Service Co. Regions: China Hong Kong Topics: Strategy Tech & innovation M&A Subscribe to the iGaming newsletter The deal will see 500.com pay a total consideration of around HK$105m (£9.9m/€11.2m/$13.5m), while Loto Interactive is expected to become a subsidiary of 500.com after it is complete. M&A 500.com to acquire majority stake in Loto Interactivelast_img read more

KKR vs RCB LIVE Streaming for free in IPL 2021: Eoin Morgan…

first_img Cricket WTC Final LIVE: Muttiah Muralitharan voted ‘Greatest Men’s Test Bowler’ of 21st century KKR vs RCB LIVE Streaming for free in IPL 2021: Eoin Morgan vs Virat Kohli, how to watch LIVE stream for free on JIO, Vodafone-Idea and Airtel KKR vs RCB LIVE Streaming for free in IPL 2021: Eoin Morgan vs Virat Kohli, When, where, how to watch LIVE stream for free on JIO, Vodafone-Idea and Airtel- Kolkata Knight Riders need to turn things around as quickly as possible and on their way, they face Virat Kohli’s Royal Challengers Bangalore who have won five matches out of seven. KKR’s top-order failure is one key that needs to be sorted out when they take on RCB at the Narendra Modi Stadium. IPL 2021, KKR vs RCB : When, where, how to watch LIVE stream for free on JIO, Vodafone-Idea and Airtel Previous articlePokimane gives opinion on Twitch’s Hot-Tub Meta, says it is Twitch’s fault not the individualsNext articleKKR vs RCB Head-to-Head in IPL 2021: Eoin Morgan’s Kolkata Knight Riders vs Virat Kohli’s Royal Challengers Bangalore, Team records, stats and results Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. 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WTC Final Live- Ind vs NZ: Kyle Jamieson bags 5th five-wicket haul in 8th Test, rattles India in WTC final IND vs NZ Live Streaming for free with Jio, Airtel and Vodafone Idea, Check out the best Recharge Plan RELATED ARTICLESMORE FROM AUTHOR WTC Final Live: Virat Kohli continues century drought as Kyle Jamieson wins IPL team rivalry Wimbledon 2021 LIVE streaming: When, where and how to watch year’s third Grand Slam’ in you country, Indialast_img read more