11th October 2018 | By contenteditor Operator says tax dispute is ‘nothing to do with Betsson’ Finance Tags: Online Gambling Topics: Finance Legal & compliance Subscribe to the iGaming newsletter Tristan Sjöberg has resigned from his position on Betsson’s board of directors after becoming embroiled in a tax dispute, the operator confirmed today (Thursday).In a short statement confirming the news, Betsson said that Sjöberg’s dispute is with the Swedish tax authorities regarding tax liability.Betsson also stated that Sjöberg resigned from the company “at his own request”.When contacted by iGamingBusiness.com, a Betsson spokesperson said that the tax dispute itself “has nothing to do with Betsson”.Aside from his role with Betsson, Sjöberg currently serves as executive director of gaming equipment company TCS John Huxley.He is also a co-owner and director of investment firm Knuttson Holdings and is on the board at farming company Barramundi Asia Pte.Sjöberg’s departure comes as Betsson awaits a decision from Sweden’s regulator on its licence application for the country’s re-regulated market.Betsson was one of 22 companies that put forward a proposal on the opening day of applications in August, along with the likes of Svenska Spel and Cherry.Sweden will launch its re-regulated market on January 1 and some licences could be awarded next month ahead of the go-live date.Betsson recently stated it is “well prepared” for regulatory changes in Sweden, despite confirmation last month that chief financial officer Kaaren Hilsen has opted to leave the company.At the time, chief executive Pontus Lindwall said: “Betsson is a stronger company than it was a year ago and I’m sure we will soon recruit a new CFO who wants to take part in taking Betsson to the next level.”Image: Blogtrepreneur Betsson board member Sjöberg resigns AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Nordics Sweden Email Address
AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Finance Sports betting 18th December 2018 | By contenteditor Vereeni Investments will pay an initial consideration of €5m for stake in iGaming platform provider Tags: Online Gambling OTB and Betting Shops Email Address Casino & games Venture capital fund acquires 20% stake in Singular Subscribe to the iGaming newsletter Venture capital fund Vereeni Investments has acquired a 20% stake in end-to-end iGaming platform and software provider Singular as part of its Level Up initiative.Vereeni will pay an initial €5m (£4.5m/$5.7m) for its stake in Singular, which could increase after 13 months based on the performance of the supplier during the period.Vereeni said it has been seeking an innovative company in the iGaming industry to support its Level Up initiative, through which it is investing €100m into tech companies around the world. Other investments include companies in the media, business intelligence, software development, as well as the crypto and blockchain markets.Vereeni also agreed a strategic partnership with investment and M&A brokerage RB Capital to acquire a 20% share in casino and slots development studio Kalamba Games last month.“Singular’s extensive software solutions offer significant value to our portfolio, which has already begun strengthening their position with the experience, network and tools freely available within Level Up,” Vereeni founding partner Timothy Heath, said.The venture capital fund said that its curated investment ecosystem will open up more expansion opportunities for Singular, in addition to prospects for further operational investment fuelled by the iGaming company’s own technology.The Singular gaming platform that can power sportsbook, games, retail and omni-channel solutions.“Vereeni Investments has vast experience of investing in up-and-coming opportunities through acquisitions, joint ventures or the development of operations,” Heath added.“The venture capital fund strives to accelerate the potential of each investment by utilising the portfolio’s united insights, network and access to strategic capital. All companies involved with the fund share a commonality of proven success and a reputation as innovators within their respective fields.”Darko Gacov, chairman of the board of directors at Singular, also talked up the potential for further growth, both in terms of its geographic locations and new areas within the iGaming industry.“As a result of this partnership we are already looking at three major new clients in different regions that will be powered by Singular’s technology,” he explained.
Subscribe to the iGaming newsletter Tags: Online Gambling 8th January 2019 | By Josephine Watson AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Changing the way the igaming industry treats CRM Historically, tech development within operators is a huge undertaking. Simon Lidzén comments on the journey to creating CRM tools that alleviate this challenge. Topics: Marketing & affiliates Strategy Email Address With competition on the rise year-by-year, maintaining an effective customer relationship (CRM) strategy and thus protecting revenues are priorities for many operators.If your speciality isn’t in tech, however, this can be a huge undertaking, says Simon Lidzén, CEO and co-founder of FAST TRACK, who has seen first-hand the difficulties facing the industry today.FAST TRACK began operating in February 2016 as a gaming technology and service provider that specialises in providing ready-for-operation casino sites. Now, as they prepare to launch their new CRM system, Lidzén reflects on the decisions which led to the upcoming launch. Identifying market challengesAs part of its business model, FAST TRACK forms growth partnerships with the aim of keeping close to both the brand and the customer. Lidzén explains: “That means we can experience the problems that the operators have. This has been the main field for R&D in our company.”As a result of this, while working with some of their earliest partners and delivering operational services, they identified some key difficulties: “When doing that exercise, we realised how ridiculous the operational workflow was. There’s so much legacy in the industry but no tools to support the ways of working.”He says the manual, ad hoc processes led to a lack of efficiency and poor customer experiences, too: “When you’re trying to run a campaign these days, you have to upload one campaign in one language on one system, then you have to go to find the report to find the customers, then upload that on to several different tools. It took a massive amount of effort in order to get anything done.” Developing a system that worksAfter seeing this, FAST TRACK set out to develop their own internal systems to solve these challenges. Lidzén says:“In order to get where we wanted to be, we needed to create a tool that was able to work in real-time while our customers are actually on the site – most of the tools didn’t have support for this as they loaded the data once a day. Then, we needed to find a way to work in a different way, because otherwise, you’d need to hire an army of people just to make the system work. We had to have one system that was coordinating all of the other systems, like a single brain in the middle.“Thirdly, we needed to make the working environment more efficient. We started to identify all bottlenecks and time-consuming tasks, and then we designed the system to deal with this in as few clicks as possible. Even if you have the tools to do it, it needs to be possible for a junior member of the team to go in and set up these campaigns without any struggle. It needs to lend itself to the igaming workflow.”By building the tool with the igaming work processes as the sole focus, Lidzén feels it solves real problems in the day-to-day operations.FAST TRACK will make an official launch at ICE 2019, and looks forward to demonstrating the product publicly for the first time.Simon Lidzén co-founded FAST TRACK in early 2016 with a focus to simplify the online casino business. Simon has over 13 years in the igaming industry, heading up various tech and product teams at companies such as Betsson group and Betfair. Simon has a focus on innovation, product strategy and to achieve organisational efficiency. Marketing & affiliates
Sports data provider Sportradar has announced the launch of a new artificial intelligence-driven product for professional sports matches that will allow players to simulate the final matches of suspended leagues.Simulated Reality will be available to customers within Sportradar’s existing portfolio of events, offering simulated reality games and a range of pre-match and in-play betting opportunities.Sportradar said the simulations will reflect team form and normal match play and initially cover the top-tier football leagues across England, Germany and Spain.Simulated games will be played out over a full 90 minutes, with supporters able to bet on their favourite teams, access match analysis and league tables, while the game will be visualised by live match trackers.Sportradar will roll out the service on 3 April and plans to expand the product in the future with other sports, including tennis and basketball.The launch comes as many major sporting events and competitions around the world have been postponed or cancelled as a result of the novel coronavirus (Covid-19) pandemic. This has significantly reduced the sports betting market for consumers in markets worldwide.“We have listened carefully to our customers and the betting community who have made it clear there is an appetite for alternative means of betting during this time where this is a void in live sports action,” Sportradar chief executive Carsten Koerl said.“Simulated Reality will give our sports betting partners seamless access to a highly unique product that is first to market at no extra cost and integration.“As market leaders in the industry, we pride ourselves on our ability to quickly pivot our business strategy and redirect our resources towards delivering new and innovative solutions such as this.” Sportradar unveils new AI sports betting product Sports data provider Sportradar has announced the launch of a new artificial intelligence-driven product for professional sports matches that will allow players to simulate the final matches of suspended leagues. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Video Gaming Topics: Casino & games Sports betting Video gaming Casino & games Subscribe to the iGaming newsletter 30th March 2020 | By contenteditor Email Address
Regions: US Colorado Email Address The Colorado Department of Revenue has reported a month-on-month rise in sports wagering revenue in June, while player spending on betting also increased by 48.8%. Subscribe to the iGaming newsletter Colorado’s sports betting revenue rises to $2.2m in June Finance Topics: Finance Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The Colorado Department of Revenue has reported a month-on-month rise in sports wagering revenue in June, while player spending on betting also increased by 48.8%.Revenue for both retail and online sports wagering – reported together due to “confidentiality reasons” – amounted to $2.2m, up by 129.2% from $946,741 in May, the first full month of legal sports betting in Colorado.Colorado benefitted from the launch of some retail sports betting in June, with the previous month having only seen revenue generated via online platforms as bricks and mortar venues were shuttered due to the novel coronavirus (Covid-19) pandemic.Players wagered a total of $38.1m last month, up from $25.6m during the first month of legal betting in Colorado, winning $34.7m in the process.Read the full story on iGB North America. 29th July 2020 | By contenteditor
Casino & games 31st July 2020 | By contenteditor MGM Resorts slips to $50.4m loss in first half Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Regions: China US Topics: Casino & games Finance MGM Resorts International saw revenue for the first half of 2020 badly hit by the novel coronavirus (Covid-19) pandemic, posting a net loss of $50.4m for the period.Net revenue for the six months to June 30 amounted to $2.54bn, down 60.3% from the $6.40bn that was generated in the same period last year.Like many other bricks and mortar casinos operators around the world, MGM was hit hard by the pandemic. Its venues in the US and Macau have all been shuttered as a result of the crisis, and spent most of the period closed to customers.Though casino gaming revenue remained the main source of income for MGM during the six months, the $1.22bn total represented a 61.1% decline from H1 2019’s $3.22bn.Rooms revenue dropped by 59.9% year-on-year to $465.6m, while food and beverage revenue fell 60.0% to $426.5m. Entertainment and retail revenue slipped 56.2% to $318.5m, though reimbursed costs were down 48.7% to $114.4m.Read the full story on iGB North America. MGM Resorts International saw revenue for the first half of 2020 badly hit by the novel coronavirus (Covid-19) pandemic, posting a net loss of $50.4m for the period.
If the warnings prove insufficient, the regulator said serious violations such as this may result in gaming licences being revoked. Reviews of a sample customer’s account found that Casinstugan had issued a player with a total SEK21,000 in bonus funds, in addition to free spins for online slots. Spelinspektionen’s interpretation of anti-bonusing regulations was clarified in June 2019 when Betsson’s NGG Nordic subsidiary and PlayOjo operator SkillOnNet were found to be in violation of the rules. 17th February 2021 | By Conor Mulheir The Swedish Gaming Authority, Spelinspektionen, has issued four ComeOn-owned brands with warnings and penalty fees for, among other things, unauthorised bonus offers. Tags: Spelinspektionen ComeOn Hajper Ltd Snabbare Ltd Casinostugan ComeOn was also found to have deposited a total of SEK40,000 to a sample player in bonus funds. As all violations were similar, the differences in fees paid in this case depended largely on turnover. Spelinspektionen issues penalty fees to four ComeOn brands for bonus violations A review of one of Hajper’s customer accounts found the player had been given SEK7,400 in bonus funds by the operator, as well as free bets. A second customer received SEK13,500 from Hajper in addition to free spins. Snabbare Ltd was found to have deposited SEK6,950 to a customer’s account in bonus funds, and to have offered free spins to another player. NGG Nordic was ordered to pay a penalty fee of SEK19m, while SkillOnNet was issued with a SEK14m fee. NGG Nordic’s fee was subsequently reduced to SEK14m after Betsson appealed the decision. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter According to Swedish regulations, gaming operators may only offer their customers a bonus at their first gaming opportunity, however Spelinspektionen found that these four operators had breached the legislation by offering bonuses on repeated occasions. Casinostugan was given a warning and penalty fee of SEK25m (£2.16m/€2.49m/$3.00m). ComeOn Sweden received a SEK35m penalty fee in addition to its warning, while Hajper Ltd was issued with a warning and sanction fee of SEK50m. Snabbare Ltd paid the largest fee of SEK65m in addition to its warning. Regions: Sweden The authority also said it believes that by distributing gifts to vulnerable players, the companies have breached their duty of care in relation to those players. An inspection of licensees carried out last autumn found that operators in the jurisdiction must to more to provider responsible information about gambling-related harm, and links to Swedish self-exclusion scheme Spelpaus, on their websites. Spelinspektionen said when the findings were released that further work was required from operators to prevent regulatory intervention. Earlier this month, Spelinspektionen issued its 100th online gambling licence since Sweden launched its regulated online market in January 2019. Topics: Legal & compliance Compliance Legal Regulation According to Spelinspektionen, the size of the penalty fees depends on how serious the regulatory violation is and how long it lasted, as well as operator turnover. Email Address Subscribe to the iGaming newsletter Legal & compliance
Previous articleAPL Apollo becomes Principal Sponsor for Delhi CapitalsNext articleKings XI Punjab extends support to Pulwama martyrs families Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Virat Kohli completes 10 years in Test Cricket: 10 things you should know about India skipper- check out By Kunal Dhyani – March 22, 2019 Cricket Share on Facebook Tweet on Twitter Cricket PSL 2021 ISL beat MUL: Mohd Wasim Jr, Shadab Khan shine as Islamabad United defeats Multan Sultans by 4 wickets Latest Sports NewsSportSports BusinessTennis Euro 2020 LIVE broadcast in more than 200 countries, check how you can watch Live Streaming of EURO 2020 in your country Cricket Cricket Infosys to power digital solutions for French Open tennis IND vs NZ in WTC Final: India batting coach says, ‘score above 250 on Day 3 would be good’, Kyle Jamieson feels it won’t… F1 French GP 2021 Live: Max Verstappen to take pole position, Lewis Hamilton second ICC WTC Final: 10 years of Virat Kohli’s Test career, 10 best moments of India’s greatest Test skipper Cricket ENG W vs IND W Test: Sneh Rana, Shafali Verma shine as one-off Test ends in draw ICC WTC Final, Ind vs NZ Day 3: Can India survive the Kyle Jamieson storm in Southampton? Cricket WTC final LIVE broadcast: ICC’s mega broadcast plan, India vs New Zealand live streaming starts today in 195 countries SHARE Facebook Twitter WI vs SA 2nd Test Day 2 Stumps: West Indies bowled out for 149 runs in 1st innings, SA lead by 149 runs YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoHollywood TaleHow Victoria Principal Looks At 71 Is HeartbreakingHollywood Tale|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndo by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePhotoStickHow To Back Up All Your Old Photos In SecondsPhotoStickUndoCapital One ShoppingThis hack can uncover JOANN discounts you don’t know aboutCapital One ShoppingUndo24/7 SportsIt’s Amazing To See How These NBA Stars Have Changed Since College24/7 SportsUndoPravin Rao, Chief Operating Officer, Infosys, said, “Roland-Garros stands for its rich history and culture and today, Infosys is proud to become a part of this heritage. We’re excited to partner with Roland-Garros to showcase how digital technologies can enhance the boundaries of this tournament by leveraging data, insights and digital experiences. We are committed to helping Roland-Garros further expand its global following in the physical and the virtual world powered by digital innovation where fans and players alike can experience game-changing innovations.”As part of this partnership, Infosys and Roland-Garros will work on several new digitally enabled experiences.Ø Re-imagined fan experience powered by data and analytics – An innovative, intuitive and fun user interface and analytics tool to let fans follow live scores, feel the pulse of live matches, delve deeper into match analytics and understand what ultimately influenced the outcome of the match. The tool will be available on the official Roland-Garros website during the tournament.Ø Empowering players and coaches with the power of AI – Development of an advanced digital platform for players and coaches to study and analyse their game throughout the tournament. This platform will be powered by rich data science and AI-led video analytics to help them understand what’s working well and what’s not, aid their strategy for upcoming matches and enable decision making.Ø Roland-Garros Fan Engagement amplified with VR & AR – A highly immersive virtual and augmented reality experiences at the Infosys fan zone will transport fans to the heart of the tournament, offering them a chance to experience what it is like stepping onto the Philippe-Chatrier court and play tennis on the sacred clay, just like their favourite players.Bernard Giudicelli, President of the French Tennis Federation, said, “We are truly delighted that Infosys has joined us as a partner of Roland-Garros. This partnership centres around digital innovation, a key pillar of the tournament, and will offer tennis fans an even richer experience. We are convinced that Infosys will help us deliver the tournament’s digital transformation objectives to ensure Roland-Garros remains at the cutting edge of technology.”The French Open this year will be played from May 20 to June 9. RELATED ARTICLESMORE FROM AUTHOR Infosys, a global leader in next-generation digital services and consulting, and Roland-Garros have announced a strategic three-year technology partnership.The collaboration is aimed at enriching the game by providing fans, players and coaches with a completely new experience, leveraging Infosys’ expertise in digital technologies such as artificial intelligence, big data & analytics, mobility, virtual and augmented reality. Football Formula 1 Cricket Cricket
PUBG Mobile – Krafton IPO: PUBG Mobile promoters Krafton ready to break all records, aims 5 billion IPO Euro 2020, Italy vs Wales: 3 key battles to watch out for in ITA vs WAL Esports Share on Facebook Tweet on Twitter Euro 2020- Spain vs Poland Highlights: Spain held to 1-1 draw as Lewandowski’s Poland keep Euro hopes alive RELATED ARTICLESMORE FROM AUTHOR Football Euro 2020, Switzerland vs Turkey: Top 5 players to watch out for in SUI vs TUR by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeE! OnlineCNN’s Christiane Amanpour Undergoes Surgery After Cancer DiagnosisE! OnlineUndoCapital One ShoppingThis hack can uncover JOANN discounts you don’t know aboutCapital One ShoppingUndoPhotoStickHow To Back Up All Your Old Photos In SecondsPhotoStickUndoClick here for Trinbago Knight Riders vs St Kitts & Nevis Patriots LIVE ScoreTKR vs STKNP Live Score- https://www.insidesport.co/sport-matches/?field=entity_cricket&id=45396&widget=match_centerCaribbean Premier League 2020 LIVE: Trinbago Knight Riders vs St Kitts & Nevis Patriots Team PredictionCaribbean Premier League 2020 LIVE Match DetailsMatch: Trinbago Knight Riders vs St Kitts & Nevis PatriotsDate: 2 September 2020Time: 7:30 PM ISTWhich TV channels will broadcast and live streaming CPL 2020 in India? In India, Star Sports reserves the official broadcasting rights for CPL 2020. They will broadcast the CPL feed exclusively on Star Sports 1, Star Sports 1 HD. Meanwhile, Indian viewers can also catch the exclusive action of this year’s CPL on FanCodeFanCode will provide a comprehensive digital experience to CPL fans through an array of features such as live streaming with interactive data overlays, real-time highlights, interactive live scores with multimedia commentary, and even provide India’s first customised commentary for fantasy sports users.CPL 2020 LIVE: Trinbago Knight Riders vs St Kitts & Nevis Patriots full squadsTrinbago Knight Riders:Kieron Pollard (C), Dwayne Bravo, Sunil Narine, Colin Munro, Fawad Ahmed, Darren Bravo, Lendl Simmons, Khary Pierre, Tim Seifert, Sikandar Raza, Anderson Phillip, Pravin Tambe, Jayden Seales, Amir Jangoo, Tion Webster, Akeal Hosein and Ali Khan.St. Kitts and Nevis Patriots:Rayad Emrit (C), Dominic Drakes, Evin Lewis, Fabian Allen, Sheldon Cottrell, Denesh Ramdin, Alzarri Joseph, Chris Lynn, Rassie van der Dussen, Ben Dunk, Sohail Tanvir, Ish Sodhi, Dennis Bulli, Joshua Da Silva, Colin Archibald, Jon-Russ Jaggesar and Sunny Sohal. Football Facebook Twitter Football YourBump15 Actors That Hollywood Banned For LifeYourBump|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|SponsoredSponsoredUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndo Tokyo Olympics Village: Organizers unveils Tokyo games athletes village to the media, check first look Euro 2020, Italy vs Wales LIVE: Gareth Bale issues warning for Italy ahead of crucial fixture – Follow Live Updates Caribbean Premier LeagueCPL 2020SportSport News TAGSCPL 2020 LiveCPL Match 23Live on FancodeMatch PredictionTeam PredictionTeam SquadsTrinbago Knight Riders vs St Kitts & Nevis Patriots SHARE Football Euro 2020 Top Scorers: Ronaldo joins Patrik Schick at top, Lukaku remains second; Check who is leading the Euro 2020 Golden Boot race Previous articleCPL 2020 LIVE: Barbados vs Guyana Amazon Warriors Live on Fancode, Team Prediction, Team Squads, Match Prediction – CPL Match 22Next articleIPL 2020: Suresh Raina breaks silence for his departure from IPL in UAE Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Euro 2020 LIVE broadcast in more than 200 countries, check how you can watch Live Streaming of EURO 2020 in your country Football Euro 2020 Points table: Germany secure first win, Poland keep Euro hopes alive; Check Euro 2020 latest group standings CPL 2020 LIVE: Trinbago Knight Riders vs St Kitts & Nevis Patriots Live on Fancode, Team Prediction, Team Squads, Match Prediction – CPL Match 23 CPL 2020 LIVE between Trinbago Knight Riders vs St Kitts & Nevis Patriots Team Prediction.Here some cricket fantasy tips to make your own team for Caribbean Premier League 2020 LIVE Football Euro 2020, Switzerland vs Turkey LIVE: Switzerland to punish hapless Turkey; Follow Live Updates, Follow Live update By Kunal Dhyani – September 1, 2020 Latest Sports News Football Football