Broward County OESBD receives President’s “E” Award for export service

first_imgHighest award a U.S. organization may receive for expansion of U.S. exportsBROWARD COUNTY, FL – At a ceremony in Washington, D.C. today, the Office of Economic and Small Business Development (OESBD) received the President’s “E” Award for their outstanding contributions to U.S. exports. For the past four years, OESBD has been committed to export expansion through its innovative International Trade initiatives that have a broad impact. Revived by President KennedyPresident Kennedy revived the World War II “E” symbol of excellence to honor and provide recognition to America’s exporters. Thus, the “E” Award Program was established by Executive Order 10978 on December 5, 1961. The “E Star” was authorized in l969 to recognize “E” Award winners for continued efforts in export expansion. In Washington, DC on behalf of the Broward County Board of County Commissioners and County Administration to accept the prestigious award were Broward County’s Vice Mayor Dale V.C. Holness, District 9, and Economic Development Specialist (International Trade) Paola Isaac Baraya. United States Secretary of Commerce Wilbur Ross referenced in the award recognition letter that the Broward County Office of Economic and Small Business Development’s achievements have undoubtedly contributed to national export expansion efforts that support the U.S economy and create American jobs. Provides export educationSince 2013, the Office of Economic and Small Business Development has provided education about exporting to more than 3,500 attendees. They have presented over 100 seminars/workshops, as well as host the annual Florida International Trade and Cultural Expo (FITCE) attracting over 3,300 participants including U.S. businesses and international delegates representing 52 countries. Broward County Mayor Mark Bogen said, “The Broward County Board of County Commissioners would like to thank the United States Department of Commerce for this remarkable honor and recognition. Our Office of Economic and Small Business Development works diligently to provide meaningful education and information to our local small businesses. The international trade services OESBD provides, such as our annual FITCE Conference and our nationally recognized export readiness seminar, 11 Steps to Exporting, provides useful tools to small businesses to help navigate and demystify the exporting process.” For more information on Broward County’s International Trade and Export Programs or for information on the upcoming FITCE Conference, October 9 – 10, contact the Office of Economic and Small Business Development at 954-357-6400 or [email protected] Sponsorship packages are now available; please contact Paola Isaac Baraya at 954-357-7894 or [email protected] for more details. The Office of Economic and Small Business Development The mission of this office is to enhance Broward County’s economy with value-added job creation, business expansion and retention, small business growth, business development, international trade development, export readiness and entrepreneurial training and development. Services are delivered through partnerships with state, local and private sector organizations. Broward County promotes equal access to procurement opportunities for small business enterprises in local and federal small business programs and helps position small businesses and aspiring entrepreneurs to grow their businesses beyond Broward. Call 954-357-6400 for more information or visit read more

M&A hungry Catena Media explores releasing €50 million in available funds

first_img Stockholm Nasdaq-listed industry affiliate marketing network Catena Media has informed the market that it is reviewing funding options for its ongoing M&A strategy which the firm has executed throughout 2016 and 2017.Issuing a short corporate communication, Catena governance has informed that it may action a ‘tap issue’ to release €50 million funds from its secured maximum €100 million bond. The secured bond financing has interest payments attached from 2019 onwards.Catena one of the industry’s biggest affiliate marketing networks which floated on the Nasdaq OMX (Stockholm) in February 2016 has been advised on its funding options by Swedbank and Carnegie Sweden.In 2017, Catena has executed a number of industry affiliate transactions, seeking to boost its network capabilities within its core Scandinavian market (Catena Media acquisitions to date).Robert Andersson, CEO at Catena Media commented on the update:“The consolidation in the affiliate market is increasing and Catena Media wants to take a leading role in that development. We are currently looking into a number of possible acquisitions that would complement and strengthen our portfolio. A potential tap issue would further strengthen our growth journey” Genesis to appeal UKGC’s ‘disproportionate suspension’ July 23, 2020 Share Related Articles Catena lauds ‘record’ Q2 as casino drives performance August 19, 2020 TVBET passes GLI test for five live games in Malta and Italy August 25, 2020 Submit Share StumbleUponlast_img read more

RaceBets integration sees Betsafe launch horse racing markets

first_img StumbleUpon Share Related Articles Betsson outrides pandemic challenges as regulatory dramas loom July 21, 2020 Updating the market, Betsson Group European online sports betting subsidiary Betsafe has announced the launch of its horseracing inventory, added to its existing market portfolio.The operator’s new horse racing inventory was added yesterday, with the bookmaker detailing that its customers will be able to bet on ‘over 250,000 races from across the globe every year’.Betsafe management detailed that the company had created its own proprietary horseracing product combined with an experienced horse racing trading team which it had inherited through its December 2016  €35 million acquisition of European racing specialist operator RaceBets.comNicola Fitton, Managing Director, Betsafe, commented on the launch of racing markets “To be a competitive player in markets like the UK and Ireland, it’s imperative to offer a horse racing product, and we’re delighted to be the first Betsson brand to launch horse racing as part of our sportsbook.”Part of Betsson Group’s stable of European sports betting brands, Betsafe has targeted growth within the saturated UK online betting market. Betsafe detailed that it would look to optimise racing markets within the coming weeks, offering best pricing and player promotions. Share Submit Andy McCue returns to betting with Betsson AB June 22, 2020 GiG lauds its ‘B2B makeover’ delivering Q2 growth August 11, 2020last_img read more

AffiliateFEST unveils expert-driven agenda for 2018 iteration

first_img Share VBET agrees Armenian Premier League and Armenian Cup sponsorship August 13, 2020 StumbleUpon Submit Lee-Ann Johnstone -AffiliateFESTAffiliateFEST has announced the full agenda for its 2018 edition, with a string of digital marketing experts well-known industry figures confirmed for the 19th September event to be held alongside the industry-leading ‘Betting On Sports Conference‘ at the Hilton Hotel, Olympia in London.Moving into its fourth iteration, this exclusive one-day Affiliate Bootcamp is dedicated to providing a unique, informative affiliate learning experience, where attendees get to learn the latest digital insight from expert speakers in each sphere of acquisition and regulatory marketing. As with previous AffiliateFEST editions, the focus will firmly be on learning, as opposed to selling services. This year’s event is placing a particular emphasis on understanding how regulation affects expansion in a post-PASPA climate and understanding new technologies around blockchain and AI and the effect it will have on acquisition marketing across all iGaming sectors. Highlights of the 2018 agenda include SEO insight from a former Google SEO; Blockchain and cryptocurrency analysis and impact for affiliates in the coming year from the CEO of an ICO firm; mobile and ASO hacks from an award-winning ASO agency and Regulatory reviews of opportunity markets from some of the top legal firms specialising in the igaming space (click here to view full conference agenda). Key speakers at this year’s event include Sarafina Wolde Gabriel from Income Access, Joakim Renman of Scout Gaming,  Diana Rotaru of BlockChip, Jan Sammut of, Nick Duddy of Miratrix, John Hagan of Harris Hagan,  Nick Nocton of Mischon de Reya and Fili Wiese of Search Brothers.Event organiser and Affiliate Insider Founder Lee-Ann Johnstone commented: “AffiliateFEST is really a unique event in that there is a depth of content shared under NDA which isn’t readily available at other larger conferences. The concept of this event is focussed on supporting affiliate business development, mentoring 1: Many and creating a structured learning environment that helps affiliate business owners get the knowledge and support they need to really grow. “ Patryk Kilmer, Affiliate Marketing Director VBet and a headline Sponsor to this year’s event  added: “Teaming up with Affiliate Insider to sponsor their AffiliateFEST event is a great opportunity to reach out towards affiliates to present them with the latest digital insights and programme improvements to support best practice and skills development in this channel.”For more information about AffiliateFEST please visit – Vbet sponsors AS Monaco as Ligue 1 kicks off new season August 24, 2020 Scout Gaming rolls out esports betting April 16, 2020 Share Related Articleslast_img read more

SBC Events hits the bullseye with Betting on Sports Week agenda

first_imgShare Share StumbleUpon The CEO of the Professional Darts Corporation (PDC), the Chief Legal Officer of the PGA Tour and a five-time snooker World Champion will join the strongest lineup of speakers the sports betting industry has ever seen. The PDC’s Matt Porter, Len Brown from the PGA Tour and Ronnie O’Sullivan were just three of the names that caught the eye as SBC Events unveiled the full agenda for this year’s Betting on Sports Week, held from 18-21 September at Olympia London.To download the full Betting on Sports Week agenda, click HERE.They will both be speaking at Betting on Sports, one of five conferences featuring more than 200 leading speakers. The other four conferences taking place at Olympia are CasinoBeats Summit, ESI London, AffiliateFEST and Sponsorship Forum, while the Natural History Museum will host a lavish ceremony to welcome five inductees into the Sports Betting Hall of Fame.The Betting on Sports agenda is made up by the following full day tracks – Sport in Focus, Betting on Americas, Future of Betting, Betting on Racing and Innovation & Technology, while there are half day tracks for Betting on Retail and Betting on Regulation.The speaker lineup also includes Sky Bet CEO Richard Flint, Fortuna CEO Per Widerstrom, Twitter Europe Head of Large Media Gregory Owens, Kindred Head of Sportsbook Erik Bäcklund, Betway Sportsbook Director Jaswant Deol, Stoiximan & Betano Founder and CEO George Daskalakis, Intralot Vice Chairman Constantinos Antonopoulos and Aristeidis Christopoulos, Commercial Director for Panathinaikos B.C.Running simultaneously to Sport in Focus on Wednesday 19 September will be Innovation & Technology and Betting on Americas, a track thrust into focus by the Supreme Court of the United States’ (SCOTUS) decision to repeal the country’s federal ban on sports betting.A stand out session on the Betting on Americas track will see Don Best Sports CEO Benjie Cherniak and Keith O’Loughlin – SVP for Sportsbook and Platforms at SG Digital, discussing the ‘Feeding Frenzy’ for operators entering the developing market.Cherniak said: “Betting On Sports is a leading industry event geared to stakeholders in the global sports betting space.  It is an opportunity to knowledge share with industry peers.”O’Loughlin added: “I am always delighted to work with SBC and their events. The in-depth knowledge of the betting sector provides a vital forum for discussing the future direction of the industry. Betting on Sports has built itself up to be a key event on our calendar, so we are delighted to get involved with this year’s event as Platinum Sponsor.”Meanwhile, the CasinoBeats Summit will bring together operators, suppliers and a range of sector visionaries to consider the challenges facing the online casino sector. Featuring exclusive market data presented exclusively at the event, it will offer industry insight, knowledge sharing and networking opportunities at the heart of the world’s largest regulated online gaming market.Confirmed CasinoBeats Summit speakers include LeoVegas Casino Director Karolina Pelc, Royal Panda CMO Melvin Ritsema, Founder Jez San, EveryMatrix Co-Founder Stian Hornsletten, AskGamblers General Manager Nikola Teofilovic, Ladbrokes Coral Group Director of Responsible Gambling Graham Weir, Mr Green CEO Jesper Kärrbrink, GoWild CEO Itai Zak and Gaming Realms Founder Simon Collins.ESI London is a two-day esports business conference run by the team from Esports Insider. Topics will include, among others, brand building, content, law and compliance and the importance of a strong PR strategy for esports.Affiliate Insider will be hosting the invite-only AffiliateFEST forum with the aim of providing accelerated digital lessons for iGaming affiliate entrepreneurs. Attendees will be able to learn the latest digital strategies from a selection of experienced iGaming experts.Finally, the SBC Sponsorship Forum will again be hosted by former chief commercial officer of AC Milan, Jaap Kalma. The exclusive invite-only gathering will address opportunities around sports sponsorship, while facilitating direct introductions between sports clubs and gaming operators.For enquiries regarding sponsorship or exhibition opportunities, please contact us on [email protected] are available at the excellent Early Bird Discount rate HERE. Xtremepush secures ‘OpenMarket’ supplier accreditation   August 26, 2020 Björn Nilsson: How Triggy is delivering digestible data through pre-set triggers August 28, 2020 Related Articles Kambi takes full control of LeoVegas sportsbook portfolio August 26, 2020 Submitlast_img read more

PGA Tour tasks IMG Arena with delivering ‘innovative and safe’ betting content

first_imgShare IMG Arena nets major media extension with Brazil’s Liga Nacional de Basquete August 19, 2020 StumbleUpon Share Jay Monahan – PGA TourIMG Arena, the newly formed ‘betting innovation division‘ of leading global sports agency IMG announces its first comprehensive data partnership with golf’s PGA Tour.Securing a multi-year partnership, IMG Arena becomes the lead distributor of PGA Tour (US + North American golf) data to sports’ media, news, betting and entertainment organisations worldwide.Further commercial provisions, see IMG Arena become the official distributor of PGA Tour syndicated live video content, for international regulated sports betting and gaming markets.“This is a very important step for the PGA TOUR in terms of engaging our fans, serving our players and enhancing our Integrity Program,” said PGA TOUR Commissioner Jay Monahan.“Creating a bigger, more diverse, more engaged fan base around the world is key to any league’s success, and sports betting is part of how we plan to do that.”Moving forward, IMG Arena states that it will provide the PGA Tour with a best-in-class data collection service, supporting professional golf’s ‘ PGA Integrity Program’ established in 2017.Boosting the PGA Tour’s provisions for sports betting, IMG Arena details that it has begun developing an innovative range of golf products that will provide fans exciting ways to enjoy PGA Tour betting content, within a safe and protected manner.Freddie Longe – IMG ArenaBacking the PGA Tour as new partner Freddie Longe, Managing Director at IMG Arena stated;“The global sports betting market’s access to official data has revolutionized the in-play sports betting experience,”“We see golf as a sleeping giant. It is one of few major sports that doesn’t yet offer consistent in-play betting markets. The PGA TOUR is an undisputed leader in golf and we feel this long-term partnership will allow us to work hand in hand to grow the game and protect the sport via the launch of a truly innovative digital experience that captures the next generation of sports betting and entertainment.” IMG ARENA boosts table tennis offering with WTT deal July 9, 2020 Submit DraftKings CBO – Industry ‘only just scratched the surface’ of US sports betting July 16, 2020 Related Articleslast_img read more

SG Digital to help Oneida ride the New York sports betting wave

first_img Related Articles Share Perelman fund reviews majority shareholding in Scientific Games July 16, 2020 Share StumbleUpon Submit Xtremepush secures ‘OpenMarket’ supplier accreditation   August 26, 2020 FSB selects Glenn Elliott as new COO August 12, 2020 SG Digital will power the Oneida Indian Nation’s three new sportsbooks in New York when sports wagering is officially authorized in the state. SBC caught up with Todd Saunders, Vice-President for Innovation at Oneida Nation Enterprises, and Steve Schrier, Chief Commercial Officer at SG Digital, to find out more…SBC: Great to catch up with you, Todd. First of all, why has the Oneida Indian Nation tribe chosen to launch its proposed sportsbook facilities in the Empire State under the Caesars brand?    Todd Saunders (Oneida Nation): If the Oneida Indian Nation is going to enter a market, we always set out to be the absolute best – everything from the quality of our facilities and level of guest service are evidence of that.We take the same care in choosing strategic partners, particularly with marketing alliances where the brand image and standards have to be consistent with our standards. Caesars is the gold standard, and we’re very excited to have formed this strategic alliance with a world-class organization.SBC: What was the key driving factor in choosing SG Digital as the sportsbook supplier?TS: We had recently converted our Casino Management System (CMS) to Scientific Games’ platform, which was a strategic business decision separate and apart from sportsbook operations. Scientific Game’s outstanding CMS system and functionality have allowed us to continue to improve our operations and provide excellent service and first-class gaming experience for our guests. The partnership we formed with Scientific Games, and the support and service we receive from them, made selecting SG Digital a natural progression for expanding on the industry-leading solution for sportsbook.SBC: What is the long-term strategy for these partnerships? Might this extend to the tribe’s other territories?TS: The partnerships already are expanding to all of our gaming operations as we look to develop sportsbooks at Turning Stone Resort Casino, Point Place Casino and Yellow Brick Road Casino. If the Oneida Indian Nation expands gaming and sportsbook operations even further, it would likely be most efficient to leverage the systems and partnerships already in place.SBC: How does ‘The Lounge with Caesars Sports’ speak to customers in a better way than for example the Turning Stone sportsbook?TS: Turning Stone and the Oneida Indian Nation have established award-winning operations, and a very powerful brand. With that said, Caesars is a true iconic brand in gaming and hospitality, known around the world. It is the pinnacle of the industry, and a pioneer in gaming and sports betting.With its expertise in oddsmaking, and the visibility through Caesars’ Total Rewards loyalty program with nearly 60 million members, the brand association with Turning Stone elevates “The Lounge with Caesars Sports” in a powerful way, having a multiplier effect for the partnership.SBC: What would the tribe’s approach be if online and mobile sports betting was authorized in New York? Have you prepared for such an eventuality?TS: The Oneida Indian Nation is both prepared and excited by the prospects for mobile sports betting. We will be actively engaged in the process of developing a world-class sports betting platform, and hope to be among the first-to-market when it is authorized in New York.SBC: Thank you for joining us, Steve. Can you explain to us how SG Digital technology will help the tribe to deliver sports betting success?Steve Schrier (SG Digital): Our sportsbook product suite is a great fit for the Oneida Nation, and we think it will set a high bar for sports betting in the U.S. market. The AGA’s predictions put New York among the top states in terms of sports betting revenue upon legalization, and we have the technology and services to help Oneida ride the wave and even lead the region-instability and volume of bets placed. We also have our rich history of North American betting expertise, particularly through our Don Best managed trading services group. One of our most valuable tools is the modular nature of our platform. As a partner, Oneida is transparent and open about what their needs are, and we have listened to their requirements to propose the right sportsbook solutions to help them meet and even exceed their goals. It’s about being ready for channels as opportunities arise. The mobile offering can be one of the biggest market opportunities, and we’ll be working on making the most out of it for Oneida Nation. If online casinos open up, we will seek to provide them with a seamless, single wallet experience to offer their customers this product through cross-sell, too. With a full range of sports betting tools at their disposal, plus the combined expertise of Scientific Games and the Oneida Nation, we’re gearing up for a big win in New York.  SBC: Do you think in-venue sports betting will follow the Vegas model with a big focus on providing the right entertainment experience?SS: That’s definitely a large aspect of the vast sports betting landscape, and I think the idea of immersive entertainment is here to stay as the U.S. market gains more traction. The sports industry is one of the biggest cultural touchstones in the United States, and sports betting products will reflect that. We see sports betting as an extension of an already massive industry that will bring new bettors into the fold, while upping the game for seasoned punters. I think we’ll see wide-scale innovation ripple throughout the industry as operators and suppliers build relationships founded on the “newer, bigger, better, faster” mantra. As we build on the successful model that Vegas and other regulated markets have established, new technologies will continue to emerge and make sports betting an unparalleled experience. Ultimately, success will be reflective of the players’ engagement with the sports betting experience and that remains our primary focus.SBC: How can SG Digital find the right balance between OTC and self-service terminal betting in New York State?SS: We’ll work closely with Oneida to strike the perfect balance of betting methods. Player data and feedback will be crucial during this process; I say ‘process’ because it’ll be an ongoing project where we evaluate the information at hand and make decisions as a team with Oneida on how to tweak the experience to ensure it’s just right for every type of player. The U.S. market may be untrodden ground, but our track record of creating the world’s best betting experiences for players will help us, in partnership with Oneida, bring their sports betting offer to the next level.last_img read more

Aspire builds Q1 momentum through regulated market focus

first_img Svenska Spel delivers on social mandate despite COVID-19 impacts July 20, 2020 Share StumbleUpon Cross-party MPs call for gambling overhaul in new report June 16, 2020 Aspire Global said it is focusing more on locally regulated and taxed markets as it posted Q1 2020 revenues of €33.7m, up 1.5% from the same period of 2019.The company confirmed that EBITDA during the period had decreased by 14.2% to €5.2m (Q1 2019: €6.1m), while EBITDA margin for January to March was 15.5%, almost three percentage points down from the corresponding period last year.However, the month-on-month results showed that revenues climbed by 4.6% from Q4 2019’s €32.2m, EBITDA was up from €4.4m and EBITDA margin two percentage points better than the final three months of 2019 (13.5%).The lower year-on-year EBITDA margin, said CEO Tsachi Maimon, reflected the company’s strategy of focusing on locally regulated and taxed markets where the margin on partner deals are lower. He explained that revenues from these areas are, over time, more sustainable and with less political risks.“The good growth and improved profitability in Q1 2020 from Q4 2019 are encouraging and prove our business model to be efficient with a strong offering,” said Maimon. “Revenues increased by 4.6% from Q4 2019 with a substantial profitability increase as the EBITDA margin grew from 13.5% to 15.5%. In the quarter we saw limited impact from the pandemic. “However, as a consequence of the pandemic, players choose online entertainment over land based, and in April total trading volumes increased to about €13.5m, which is about 20% higher than the average monthly trading volume in Q1 2020.“The world is going through challenging times during the pandemic. Early in the quarter we took proactive measures to reduce the health risks for the employees and to ensure business continuity. Thanks to a robust underlying business and dedicated employees, service levels remained high. “The impact from the cancellation of sports events was insignificant due to a limited exposure to sports and in Q4 2019 sports betting represented about 5% of total revenues. The sequential improvement is mainly due to a strong business momentum.”Maimon also highlighted a “swift adaption” to new regulatory requirements in regulated markets such as the UK, where revenues were significantly increased from Q4 2019.He explained: “It is encouraging to see that we have mitigated the impact in Q4 2019 from new regulatory requirements in markets such as the UK and from Q4 2019 revenues in the UK and Ireland increased by 35%. Compliance is on top of our agenda and we know that this is a key competitive advantage.”We also learned that Aspire’s B2B core platform, which accounts for more than 50% of revenues, signed three new partner deals and launched two new brands in Q1 2020, while a sport vertical was added to an existing partner.As of 1 January 2020, B2B – Games was added as a new sub segment to B2B reporting for Aspire to encompass revenues from Pariplay, the game aggregator and game studio which it completed the acquisition of in October 2019.Pariplay positively contributed to the profitability in the quarter, said Maimon, as EBITDA from the games segment amounted to €784 thousand with an EBITDA margin of 25.1%.Finally, Jesper Kärrbrink – former CEO of Mr Green and Svenska Spel – was appointed as Chairman of Pariplay in March 2020. Watch his keynote speech at last week’s SBC Digital Summit below:<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span> Svenska Spel becomes 2020 eHockey Championship sponsor August 18, 2020 Share Submit Related Articleslast_img read more

Winning Post: UK gambling feels the ‘Noyes’ with SMF report

first_img Share BGC dismisses ‘arbitrary’ deposit limits in SMF report August 5, 2020 Submit StumbleUpon Winning Post: Third time’s the charm for England’s casinos August 17, 2020 Share Related Articles Winning Post: Swedish regulator pushes back on ‘Storebror’ approach to deposit limits August 24, 2020 Industry strategic consultancy Regulus Partners kicks off the week by breaking down the Social Market Foundation’s pre-review report on the Gambling Act 2005.UK: regulation – Justified and Ancient? SMF is gonna rock youThe publication this week of the Social Market Foundation (SMF) pre-review report conducted on the 2005 Gambling Act brought some things old, some things new, some things borrowed and some things radical to the public policy debate.That the report should in some respects follow a well-trodden path – the development of online game licensing categories; a review of ‘white label’ agreements; a review of ‘point of consumption’ taxation; and the institution of a new gambling ombudsman – was no great surprise. The SMF report’s lead author, Dr James Noyes was handmaiden to these ideas in his former role as policy adviser to the Labour Party’s review of gambling and health.New ideas included the expansion of the personal licensing regime for online gambling (a logical attempt to put more personal skin in the game on customer protection) and an end to the arbitrary and opaque nature of Gambling Commission enforcement actions, also inherently logical and long overdue.The proposal to introduce a new kitemark for licensed and socially responsible online operators was borrowed from the Budd Report of 2001 – although greater thought is required to prevent counterfeiting. The SMF’s attempt to encourage greater onshoring of the industry  is also borrowed from Budd who suggested that an ‘onshore footprint’ should be enforced as a licensee requisite.  The new twist here is to propose that the system of tax incentives be reversed to encourage onshoring rather than offshoring. These are also sensible but thought will need to be given to how counterfeiting of kitemarks might be enforced.Concerns are likely to arise in response to the more radical proposals. The first of these is that a new inter-departmental regulatory structure be put in place with the Ministry of Justice, the Department of Health and Social Care, the Department of Business, Energy and Industrial Strategy and the Department for Culture, Media taking responsibility for different aspects of gambling governance.There are a number of reasons to consider this recommendation with caution – not least the dysfunctional nature of ministerial relations exposed so clearly by the recent challenges of Brexit and Covid-19. The proposed abolition of the tripartite arrangement (UKGC, ABSG and GambleAware) is likely to be popular given the undignified way that these organisations have deported themselves in recent years – but it is easy to tear things down and much more difficult to build up effective new bodies.  The requirement is that consumers should be restricted to £23 a week in online deposits (a global limit capturing all of their expenditure) prior to some affordability check is typical of the deeply paternalistic approach toward gambling evinced by many in the regulatory-political firmament these days. The founding father of modern gambling studies, Professor Bill Eadington once observed that the “second-class status of gambling as a commodity – and of gamblers whose demands are not fully respected in the public policy formulation process – has created a volatile political environment for gambling“. These dynamics can be clearly seen in the current debate on affordability. As we have written before, orthodox thinking has been inverted so that the eradication of affordable gambling is no longer the goal of harm prevention programmes but instead a discrete attempt to control how adults live their lives. We are in danger of creating a very worrying precedent in our society that may also in time apply to the food that we eat, the drinks we consume and our general shopping habits.The SMF’s report is light on evidentiary analysis, basing many of its proposals on opinion or political theory rather than deep exploration of the facts. It does at least make no pretence to empiricism…refreshing in itself after the wilful mendacity of some contemporaneous reports. The net result is a collection of interesting ideas that should be taken seriously. This is an important contribution to the pre-review debate – constructive engagement will help to draw out matters of complexity and practicality._______________last_img read more

UltraPlay introduces esports betting currency eGold

first_imgUltraPlay has become the latest to introduce its own cryptocurrency to the esports space. This one, named eGold, is focused on the esports betting market. Mario Ovcharov, UltraplayBuff88, another UltraPlay creation in the form of a decentralized betting website, will be the first to integrate eGold. Built on the Ethereum blockchain, the hard cap for eGold will be 25,000 ETH. The current Ethereum value is fairly volatile, and as per the time of writing one ETH is worth around £248.00. The token sale for eGold is set to start on December 18th, 2017. Once the hard cap is reached or on February 28th, 2018, whichever comes first, the token sale will end. Curious as to why the company decided to launch their own, and in what way it differs from the now numerous others out there, Mario Ovcharov, Chief Commercial Officer at UltraPlay told Esports Insider: “Over the years we have developed a wide range of betting solutions that help online gaming brands step into the iGaming world. Now, we want to offer another cutting-edge technology solution to the eSports community and the leading eSports gaming brands that are using our services.“We are also strengthening our years of experience on the Blockchain technology starting two projects – eGold and Buff88. We are aiming to make eGold the first-choice cryptocurrency for eSports punters worldwide and Buff88 – a decentralized eSports betting platform. Those two disruptive solutions are going to contribute to the eSports ecosystem in general and advance the stage of online betting as we are used to experiencing it now. “Blockchain technology has the potential to resolve many aspects of the gaming industry – enhance the player’s experience and advance the payment transactions. Besides technological aspect of things, we aim to unify the eSports community by offering an easy, quick and secure betting on the most favorite game titles. As a market leader on eSports betting with the widest coverage of competitive games right now, we are giving the diversity players love and expect from a gaming brand.”We also asked whether the lack of regulation around esports betting and cryptocurrencies more widely is a cause for concern. We’ve seen a number emerge in recent times including UnikoinGold,, Esports Gold, Skrilla and more. UltraPlay’s Ovcharov responded: “With the advanced technology Blockchain is offering, many traditional organizations from different industries have already started integrating Blockchain in their operations. The gambling industry is no different. Providers, operators, players have already started experiencing the positive changes Blockchain is bringing to the gaming world. Many new projects that are popping up have the ambition to bring something outstanding to the traditional online gambling.“We actually were the first online gaming provider to adopt Bitcoin in the iGaming sector a few years ago and see that there is a great interest from players and operators. Regulations, in this case, follow the path on which the industry is built and proceed to grow. The blockchain is the synonym of decentralization. That doesn’t mean it has to be related with bad practices, on the contrary. It aims to offer better opportunities and environment for the users. On the other hand, gambling is a subject of regulations so that we have integrity and prevention of unregulated practices in the sector.”Esports Insider says: We’re currently in the midst of a huge number of esports focused ICOs being announced. We’ll withhold our judgement until we know a little more, and rest assured we’ve plans to make a far fuller and more rigorous assessment of all of the main cryptocurrencies currently targeted at the esports space.last_img read more