XLMedia upbeat on full-year targets as growth slows in H1

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter XLMedia upbeat on full-year targets as growth slows in H1 24th September 2018 | By contenteditor Affiliate leader’s CEO praises “solid” performance in tough market Topics: Finance Tags: Online Gamblingcenter_img XLMedia chief executive Ory Weihs has said that the company expects to meet its profit expectations for the full-year despite seeing a reduction in growth across a number of key financials in the six months to the end of June. Revenue in the first half totalled $59.1m (£45.2m/€50.4m), down from $67.9m in the corresponding period last year. Gross profit also dropped from $35.3m to $33.5m while adjusted EBITDA slipped from $22.8m to $20.9m. Weihs (pictured) said the results represent a “solid profit performance” for the firm, adding that the company had to contend with “regulatory pressures and challenging market conditions” in the online gaming market during the period.In a statement issued to iGamingBusiness.com, XLMedia cited the closure of the Australian online casino market at the end of 2017, as well as uncertainty over regulation in key European markets such as Germany and changes to gambling advertising regulations in the UK. XLMedia said European Union GDPR regulation, which became effective in May 2018, is also applicable across a number of its territories. Optimism over full-year profit goals will come as a boost to XLMedia, which in June saw shares tumble after it issued a profit warning. Its current share price of around 106p is more than 50% down on its peak of 220p last December“The group produced a solid profit performance in the first half, albeit against a backdrop of regulatory pressures and challenging market conditions in the online gambling sector,” Weihs said. “However, we are now seeing positive signals and expect to meet profit expectations for the full year.” Weihs also pointed out a number of key highlights in the first half, such as the firm’s acquisition of UK online bingo comparison platform WhichBingo for $10.5m XLMedia also snapped up Finnish gambling related informational websites for $18m in the period, as well as three US personal finance informational websites for $5.9m. The company followed this up with the purchase of US personal finance website Investorjunkie.com shortly after the end of the period. Weihs added: “Since the beginning of this year we have been focusing on implementing our strategy and executing acquisitions in order to accelerate growth, allocating over $45m of capital for acquisitions. “Our newly acquired assets perform as expected and we are confident they will deliver a strong return.” Subscribe to the iGaming newsletter Email Address Financelast_img read more

SG Digital unveils sportsbook marketing service

first_img Scientific Games’ digital division has put marketing services at the core of its sportsbook drive after announcing the arrival of three senior hires.Charlie Riggs, Rick Leask, and Allison Lynch have been recruited from Superbet to lead the marketing team within SG Digital’s sportsbook operations in Gibraltar. Romania-facing operator Superbet began a two-month redundancy process in Gibraltar in August, just a year after it announced plans to double its headcount in the jurisdiction.The trio, supported by a team of 25, will manage SG Digital’s brand and customer research, acquisition and retention, optimisation, analytics, and other day-to-day sportsbook functions. The announcement comes a month after the formation of the sportsbook operations division, which will directly support customers with operations services to help grow their sportsbook businesses.“These hires immediately ramped up our sportsbook efforts, empowering us to continue to build top-tier sportsbook technology for our global partners while simultaneously managing daily operations,” said Keith O’Loughlin (pictured), senior vice-president of sportsbook at SG Digital.“We’re thrilled to have talented individuals with deep industry experience on board; marketing services will further cement our position as a leader and innovator in the sports betting industry.”The team will work under Stuart Weston, vice-president of sportsbook operations, who is heading up the new sportsbook operation.Riggs has been head of marketing at Superbet since last August and was previously head of internal communications at William Hill Online.Leask joined Superbet as head of gaming marketing in January after spells as head of casino at Ladbrokes Coral and casino and games marketing manager at Gala Casino.Lynch, who became head of optimisation at Superbet in January, spent seven years in executive positions at William Hill before departing last March to become Head of CRO and UX B2C at Playtech.The company said the addition of marketing services will enhance the company’s offering to partners.It said in a statement: “With the new team, SG Digital will have an industry leading marketing services team to complement the technology, product offering and platform, further solidifying SG Digital’s position as a leading global supplier of end-to-end sportsbook solutions.“With these solutions now available, SG Digital’s partners are staged for long-term success in sports betting as they level up across their in-venue, retail, and online portfolios.”Scientific has been one of the major driving forces behind sports betting growth in the US since the repeal of PASPA earlier this year. The company has secured a series of deals in states that have moved to legalise sports wagering in the wake of the Supreme Court ruling.These include launching with Caesars in Mississippi, following a successful roll-out in New Jersey.Scientific has also signed a deal with the Delaware Lottery and launched virtual sports in Pennsylvania, ahead of the full roll-out of legalised sports betting in the state.In addition, Scientific recently brought in Alexander Ambrose as chief financial officer of its SG Digital division to support ongoing growth plans in the US, and acquired sports data firm Don Best. Scientific Games division brings in trio of senior executives from Superbet to lead new team AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Topics: Sports betting Strategy Sports bettingcenter_img Regions: Europe Southern Europe Gibraltar SG Digital unveils sportsbook marketing service 25th October 2018 | By contenteditor Email Addresslast_img read more

LeoVegas appoints Weder to combined CTO-CPO role

first_img Subscribe to the iGaming newsletter LeoVegas appoints Weder to combined CTO-CPO role 18th February 2019 | By contenteditor LeoVegas has combined its chief technology officer and chief product officer roles, with former MRG executive Mattias Wedar taking up the new position. People AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Tags: Mobile Online Gambling Topics: People Strategy LeoVegas has appointed former MRG technology chief Mattias Wedar to the newly-created role of chief product and technical officer, which combines the functions of both the chief technology and chief product officer roles.Wedar will takes on the role having most recently served as chief executive of MRG Gametek, MRG Group’s technology development subsidiary. The Swedish national also previously held various senior roles at Eniro, which offers search services and directory assistance to the Nordic market, and is currently a member of the board at podcast marketplace Acast. Wedar, who has a Masters in Informatics and Economics from Lund University, will officially begin his new role at LeoVegas during the spring. “Mattias joins us most recently from a similar role and has solid experience in product development and keen industry knowledge,” LeoVegas said. “With this new position, the product and technology organisation will have a single leader, which will increase its effectiveness and cooperation within the group.” The move and subsequent appointment comes after LeoVegas last week said it is to postpone its growth targets after a challenging 2018. The operator finished the year with revenue up 51% to €327.8m (£287.3m/$371.4m), but market and regulatory challenges and the decision to undertake strategically crucial projects affected its balance sheet. Rising personnel costs and other expenses played a role in operating profits falling €19.9m to €19.2m for the full year, although EBITDA was up 61% to €41.6m and gross profit increased 44% to €235.5m.Image: RawPixel Email Addresslast_img read more

FanDuel expands Sportradar deal for live streaming launch

first_img Sports betting and daily fantasy sports operator FanDuel Group has expanded its partnership with Sportradar to launch live streaming for US customers for the first time.  Tags: Mobile Sports betting Email Address FanDuel expands Sportradar deal for live streaming launch AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Sports betting Regions: US 30th April 2019 | By contenteditor Subscribe to the iGaming newsletter Sports betting and daily fantasy sports operator FanDuel Group has expanded its partnership with Sportradar to launch live streaming for US customers for the first time.FanDuel will deliver the service via its sports betting app and feature coverage of various football and tennis events from around the world via Sportradar’s Live Channel Online.Live Channel Online will now be included directly into the FanDuel Sportsbook interface, incorporating live sports events with betting lines and data, with the customer able to place in-play bets on the event they are watching.The launch follows a successful trial period, which saw the Paddy Power Betfair-owned operator stream live coverage of a major tennis tournament via its app.“The ability to live stream professional sports inside our sports betting product will provide our customers with a first class betting experience,” FanDuel Sportsbook general manager Niall Connell said.“By making Sportradar’s Live Channel Online available alongside our betting markets, FanDuel Sportsbook continues to be the premiere sports destination in the ever growing sports betting industry.”Neale Deeley, vice president of US sales and gaming at Sportradar, added: “We have been longstanding partners of both FanDuel and PaddyPower Betfair across a wide range of betting and fantasy services. We’re proud to be an ongoing part of their US expansion plans.”last_img read more

Brazil tries to tempt bidders with new Lotex proposal

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Lottery Regions: LATAM Brazil Brazil’s Investment Partnership Programme (PPI) has adopted a new tactic as it looks to finally privatise the country’s instant win gaming business Loteria Exclusiva Instantânea (Lotex), allowing bidders to pay their winning fee in eight installments. Brazil’s Investment Partnership Programme (PPI) has adopted a new tactic as it looks to finally privatise the country’s instant win gaming business Loteria Exclusiva Instantânea (Lotex), allowing bidders to pay their winning fee in eight installments.Previously the sum, which remains at a minimum of R$542.1m (£107.1m/€118.4m/$130.8m), was to be paid in four instalments.After a lack of interest in previous auctions for the tender, however, bidders will be able to stagger concession payments over a longer period. The first payment must be exactly BR$96,968,123.51.In addition, the PPI has lowered the criteria for bidders. Previously a single entity bidding for the concession had to be able to show they had operated an instant lottery or online gaming business that had generated BR$560m over a calendar year. This has now been more than halved to R$1.2bn.Should a consortium put forward a bid, at least one member must have generated R$175m from an instant lottery or online business over 12 months.Following the publication of the invitation to bid today (30 June), interested parties will be able to submit requests for clarification until 27 September. Written proposals, including financial offers, must then be submitted to the PPI’s granting committee by 17 October along with a R$25m bond. These proposals must be valid for at least a year.The bids will then be unsealed on 22 October, on which date the participants will be ranked based on their offers. The top-ranked bidder will then enter into negotiations with the PPI over the concession.Losing participants will then be able to lodge appeals between 5 and 12 November, then objections to the appeals from 18 to 25 November. The granting committee will then make a final judgement on the appeals by 2 December, before confirming its decision as to which company secures the tender on 23 December.Should this all go ahead, the final contract is expected to be signed no later than 16 April, 2020.However there is no guarantee that the process will go without a hitch. Plans to privatise Lotex have been hit by setback after setback since they were first revealed in 2017.Lotex, which is currently operated by Brazil’s largest bank, Caixa Econômica Federal (CAIXA), is being privatised as the country looks to reduce its fiscal deficit through the sale of state assets.The tender auction has been rescheduled numerous times over the years, due to a combination of the government demanding too high a price for Lotex and a lack of interest from eligible gaming companies. In 2019, the country’s President Jair Bolsonaro pledged to complete the process in the first quarter of the year, only for it to be pushed back to 26 April, then 9 May and finally 28 May.However the tender failed to attract any interest, leading to it being postponed once again.While the future of Lotex remains uncertain, progress is being made on regulating sports betting, after a measure giving the Brazilian Congress a two-year window to develop a legal framework for the vertical was signed into law in December 2018. The country’s Secretariat of Evaluation, Planning, Energy and Lottery (SECAP) launched a public consultation on issues such as whether a set or unlimited number of licences should be issued, which ends tomorrow (31 August). Brazil tries to tempt bidders with new Lotex proposalcenter_img Topics: Lottery Strategy Subscribe to the iGaming newsletter Email Address 30th August 2019 | By contenteditorlast_img read more

Webinar: Free to play games driving fan and bettor engagement in the US

first_img While sports betting has yet to be legalized across the entirety of the United States, social casino games, and free to play (FTP) sports titles in particular, have proved to be a popular method of generating interest in gaming and fan engagement in sports.As the country prepares for more states to regulate, FTP games can serve as a means to both engage would-be punters in currently unregulated states and to pique the interest of sports fans in regulated states. From sports leagues to operators and developers, stakeholders across the sports betting landscape have an opportunity to engage fans with FTP games – but how?Unfortunately due to a technical glitch this webinar did not record. We apologise for any inconvenience. You can however download the slides by clicking here. We will also be supplying the asnwers to all questions asked during the webinar so watch this space.  This webinar in association with the upcoming Sports Betting USA event took place on Wednesday October 9th. Webinar: Free to play games driving fan and bettor engagement in the US AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Uncategorized 5th September 2019 | By Louella Hughes Subscribe to the iGaming newsletter Topics: Uncategorized Email Addresslast_img read more

32Red-sponsored clubs to display responsible gambling logos

first_img17th September 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Kindred Group is to display responsible gambling messages on the shirts of its brand 32Red’s partner football clubs during the course of the 2019-20 season. Marketing & affiliates Subscribe to the iGaming newsletter 32Red-sponsored clubs to display responsible gambling logos Kindred Group is to display responsible gambling messages on the shirts of its brand 32Red’s partner football clubs during the course of the 2019-20 season.The initiative will see responsible gambling messaging dominate all matches where two teams sponsored by 32Red play each other.Responsible gambling logos will appear on the shirts of Scottish Premiership giants Rangers as well as English Football League Championship clubs Derby County, Leeds United, Middlesbrough and Preston North End.The announcement follows a trial during the recent Old Firm derby between Rangers and Celtic, where Rangers’ amended kit featured the words “Stay in Control” under the 32Red logo. Leeds and Derby players will wear shirts featuring responsible gambling messages this weekend.The commitment also extends to utilising Kindred’s other assets in football, including its current LED stadium perimeter advertising board assets – which the group said have so far been seen by a cumulative audience of over 8.5m people this season.“We are delighted to be launching this initiative that builds on some of the work we have already been doing. Fans will have already noticed our LED boards this season carrying responsible gambling messages, but this is another step forward for us,” said Neil Banbury, Kindred’s UK general manager.Each of the clubs has its own responsible gambling message. Leeds’ kit will feature “Keep Gambling Fun” and Derby’s “Play Responsibly”, with “Never Chase Losses” on Preston shirts, and “Set Deposit Limits” on Middlesbrough jerseys.Kindred said programme advertising, in-stadia advertising, social media and emails will all see an increase in the level of responsible gambling messaging.Banbury added that the campaign is evidence of the positive impact the gambling industry can have through its formal association with football clubs.“Gambling companies and the wider industry have an important role to play in tackling problem gambling,” he said. “To remove the industry from the public’s eye would be irresponsible. Instead, there is a fantastic opportunity for football club sponsors to do so much more.“Football clubs have a unique reach and cut through with adult audiences, and as such are a great avenue for promoting healthier gambling behaviour and advocating for control.” Topics: Marketing & affiliates Sports bettinglast_img read more

Casinos Austria prepares to reopen land-based estate

first_imgCasino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Casinos Austria will reopen its 12 bricks and mortar venues from 29 May, following a shut down as a result of novel coronavirus (Covid-19) lasting over two months. Casinos Austria prepares to reopen land-based estate 27th May 2020 | By contenteditorcenter_img Subscribe to the iGaming newsletter Regions: Europe Western Europe Austria Email Address Casinos Austria will reopen its 12 bricks and mortar venues from 29 May, following a shut down as a result of novel coronavirus (Covid-19) lasting over two months.The venues closed their doors as a result of the pandemic on 16 March, but with reopen with limited occupancy on Friday this week, under Ministry of Health Ordinance 231.Social distancing protocols will be in place on the casino floor to avoid any potential spread of Covid-19, with customers instructed to stay at least one metre apart from other guests, and wear a mask while in the property. While all venues will accept cash payments, customers have been told to pay with contactless card where possible.Casino restaurants will also reopen from 29 May, subject to strict hygiene protocols set out by the country’s government.That date is to also see Casinos Austria’s WinWin gaming hall chain resume operations in most locations. Three of the 20 WinWin halls across the country are to remain closed for the time being, however.In April Sazka, which jointly controls Casinos Austria alongside state investment arm Österreichische Beteiligungs (ÖBAG), said it was looking to mitigate the loss of revenue caused by the shutdown through government support and migrating players to the Win2Day igaming portal.last_img read more

First lessons in slots: Lessons #19 and #20

first_img First lessons in slots: Lessons #19 and #20 Social players play for fun and treat it as a game. Real money players have their fun by treating slots seriously.  This is a side of gambling we should never lose sight of.  Then Playtika came along and the first thing they changed was the graphics: The images were more serious, happier, more humoristic, and theme-related images replaced the Royals. Social players, who could play for free and who could not turn their winnings to real money, played social slots for fun while the same people went to casinos and played slots seriously.  Later on, more meta games appeared to make the experience even more fun. Players that lost thousands of dollars in one night would write in to ask to take that night back because they were drunk. One person claimed to have lost her house.  Guy Hasson worked for Playtech for three years before becoming Playtika’s content manager, responsible for the content of Slotomania and Caesars Casino. He is now a social slot consultant, specialising in game popularity. There are things we should not forget. Real money slots are dangerous. Players can lose money they can’t afford to lose. Players have lost their houses.  Slots In the first few years, real-money slot companies that tried to only mimic their successful slots in social, failed miserably (all but DoubleDown, which got the ‘serious’ players that did not like playing the social slots).  Lesson #19: The dangers of slots Later on, math began more fun: faster wins, faster bonuses, faster free spins.  We must never lose sight of what the games are, how some players behave, and how fast things can go wrong.center_img Topics: Casino & games Online casino Product & technology Slots AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Players’ expectations are different.  Lesson #20: For players, social slots are different from real-money slots Tags: First lessons in slots For me, the first time I knew how badly some gamblers gamble was when I worked for Playtech and got to talking with the person in charge of answering player complaints.  The first social slots were based only on real money slots: the graphics, the maths, the themes.  Guy Hasson warns developers never to ignore the adverse effects of gambling, and explains differences in social and real-money play. That worked.  Subscribe to the iGaming newsletter 18th June 2021 | By contenteditor Email Addresslast_img read more

IPL MONEYBALL: Williamson, Rayudu giving best ROIs for IPL 2018

first_img Cricket IPL MONEYBALL: Williamson, Rayudu giving best ROIs for IPL 2018 Cricket WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video RELATED ARTICLESMORE FROM AUTHOR Previous articlePremier League: Man City champions, but ManU tops the revenue chartsNext articleIPL 2018: This RCB fitness test results will leave you overawed! Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. TAGSAmbati RayuduIndian Premier LeagueIPL 2018IPL MoneyballKane WilliamsonVIVO IPL 2018 SHARE Cricket YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndowww.tseshop.comPittsburgh’s leading supplier of signed memorabilia. 100% money back authenticity guarantee!www.tseshop.com|SponsoredSponsoredUndo by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGrammarlyAdvertisement Avoid Grammatical Errors with This Helpful Browser ExtensionGrammarlyUndoMicrosoftBring your desktop to life with Bing WallpaperMicrosoftUndoCapital One ShoppingThis hack can uncover JOANN discounts you don’t know aboutCapital One ShoppingUndoThere are surprise packages likes Mumbai Indians’ Mayank Markande, Shreyas Gopal of Rajasthan Royals, Delhi Daredevils’ Harshal Patel and Kolkata Knight Riders’ Prasidh Krishna – all uncapped players acquired by their respective franchisees for their base price of a mere ₹20 lakh. The quartet in the order of mention here leads the IPL Moneyball Value for Money impact. The meagre investment on these players translates their impressive performances into the best investments in terms of each Impact Point Cost (Players salary divided by his Moneyball Impact Points).Among the established players, Williamson and Rayudu steal the show as their performances have been crucial in placing SunRisers Hyderabad and Chennai Super Kings atop the IPL 2018 Points table respectively. They are not the highest paid players even for their respective teams. But they both are the top scorers for their respective teams – among the top five for the tournament.Williams with 625 runs from 13 innings is only behind Kings’ XI Punjab batsman-wicketkeeper Lokesh Rahul, who has scored 652 from as many games. Rayudu has to his name 525 runs with an unbeaten century.The Rahul also tops the billing among the ₹11 crore and above STARS. The elite group has the likes of Virat Kohli, retained by RCB for the highest ever IPL salary of ₹17 crore; two ₹15 crore retentions MS Dhoni and Rohit Sharma; Sunil Narine and Ben Stokes with ₹12.5 crore salary packages and the ₹11 crore club of Rahul, AB de Villiers, Hardik Pandya, Suresh Raina and Manish Pandey.Mumbai Indians’ skipper Rohit Sharma and Jaydev Unadkat, who bagged a surprise ₹11.5 crore deal from Rajasthan Royals, have turned out to be the most disappointing investments by their respective franchisees.The Delhi Daredevils’ wicketkeeper-opener Rishabh Pant has been the best value for money deal for his ₹8 crore contract for the season. However, the team is let down by the most of its top players with the exception of skipper Shreyas Iyer, who was handed the team command as Gautam Gambhir had relinquished captaincy in the wake of his poor performance with the bat and team’s overall dismal showing.The IPL 2018 journey for Pant will be over after DD’s last league game on Sunday, June 20. Rahul’s Kings XI Punjab too hold a very thin hope as a win alone in their last league game is no guarantee for qualification to the next round. Williamson and Rayudu in this scenario will now also have a race to finish as the top scorer of the tournament. Latest Sports News Chennai Super Kings veteran Ambati Rayudu and SunRisers Hyderabad captain Kane Williamson were not among the prime choices during the Indian Premier League auction for the 2018 season.Over a span of 13 games, these two batsmen have emerged THE DEALS of IPL 2018 – giving the best returns on investment of ₹1 crore or above acquisition by any franchisee, for any players. WI vs SA 2nd Test Day 3 Live: South Africa in huge trouble; SA 63/6 (24 ov)- Follow Live Updates Cricket CricketIndian premier leagueIndian premier league 2020Latest Sports NewsMoneyballSport By Kunal Dhyani – May 19, 2018 Facebook Twitter Cricket Share on Facebook Tweet on Twitter Cricket WTC Final LIVE: Devon Conway continues red-hot form, slams fifty to provide New Zealand dream start Cricket PSL 2021 Eliminator 1 PES vs KAR LIVE: best way to watch Peshawar Zalmi vs Karachi Kings Live Streaming in your country, India, Follow Live update BCCI Apex Council Meet: BCCI to bid for 3 major global events in next tournament cycle starting from 2024; Check WTC Final LIVE: Jamieson says, ‘nice and pleasing to get Virat Kohli’s wicket’; Gill feels India could have got more wickets Cricket Football Euro 2020- Switzerland beat Turkey 3-1: Shaqiri’s brace keep Switzerland hopes alive; Turkey face exit from Euros Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore WTC Final Day 3 Stumps: India remove Conway and Latham but Kiwis on top; NZ 101/2 (49 ovs) trail by 116 runs PSL 2021 Qualifier 1 ISL vs MUL LIVE: best way to watch Islamabad United vs Multan Sultans Live Streaming in your country, India, Follow…last_img read more