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Regions: Europe Central and Eastern Europe Germany 15th October 2019 | By contenteditor Tags: Online Gambling London-listed lottery brokerage Zeal Network has retaken control of its former subsidiary Tipp24 and added the business to its German secondary lottery arm.Zeal initially launched the Tipp24 secondary lottery operation from the UK 10 years ago, due to a ban on brokering online lotteries in Germany at the time, but the brand is now able to serve the German market.As an official partner of the German Association of State Lottery Companies (DLTB), Tipp24 will broker tickets for customers directly to German state lotteries.Zeal set out plans to retake control of Tipp24 upon closing the acquisition of its former subsidiary Lotto24 via an all-share public takeover in May this year. The brokerage is also seeking to reclaim control of myLotto24 and transform its German secondary lottery business into a locally licensed digital lottery broker, with the idea of building on Lotto24’s position in the German market.“We have fully implemented what we announced; as of today, Lotto24 and Tipp24 are reunited in the German brokerage business,” Zeal chief executive Helmut Becker said. “We would like to thank the state lotteries and supervisory authorities for their trust and are convinced that we can lead the German lottery safely into the digital future as a partner of the state lottery companies.”As part of the brokerage activities of the Lotto24.de, Tipp24.com and Tipp24.de brands, Zeal said it now generates income without any bookmaking risk of its own. Customer winnings are guaranteed by the state and paid out by the state lotteries.In September, Zeal revealed shareholders have voted to relocate its registered office from the UK back to Germany. The vote at a General Meeting last month passed with a majority of 99.9%, with the relocation due to go ahead before the end of October.Zeal said the aim of the relocation is to facilitate the integration of the Zeal and Lotto24 divisions, as well as leverage the expected cost synergies. London-listed lottery brokerage Zeal Network has retaken control of its former subsidiary Tipp24 and added the business to its German secondary lottery arm. Lottery Zeal Network retakes control of Tipp24 Topics: Lottery Strategy Email Address Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter
AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Lottery betting operator Lottoland has announced the launch of its first sports betting product through a partnership with Malta-based sportsbook provider Altenar. Sports betting Subscribe to the iGaming newsletter Email Address 8th January 2020 | By contenteditor Topics: Sports betting Tech & innovation Lottery betting operator Lottoland has announced the launch of its first sports betting product through a partnership with Malta-based sportsbook provider Altenar.Under the deal, Altenar will provide a fully managed sports betting platform to Lottoland. The service is already live in certain markets and will be rolled out on a wider basis throughout 2020.The launch will allow Lottoland customers to access lottery betting, gaming and sports through the main Lottoland website.“We are thrilled to be incorporating a sportsbook platform into our product offering for Lottoland players,” Lottoland chief executive Nigel Birrell said. “Our customers are at the heart of what we do, and for that reason we are very pleased to be providing a one stop shop for lottery betting, gaming and sports.“Having Altenar at the helm of its development means that we can truly focus on customer experience, with competitive pricing, ease of use, market variety and a frictionless user journeys all being incorporated into the design.”Altenar’s chief executive Stanislav Silin added: “The deal with Lottoland is important to Altenar, and we appreciate the trust placed in our product and company to deliver such an important vertical for Lottoland’s global expansion strategy.“We are looking forward to a long-term cooperation together, and are going to do our best to ensure our sports betting solution provides the necessary technological edge and flexibility for Lottoland.” Lottoland launches first sportsbook with Altenar
Sports data provider Sportradar and Formula 1 have launched in-race betting for the 2020 season. Formula 1 and Sportradar launch in-race betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sports betting 12th March 2020 | By Daniel O’Boyle Sports data provider Sportradar and Formula 1 have launched in-race betting for the 2020 season.As the exclusive provider of Formula 1 data, Sportradar will use historical Formula 1 data to create new live odds models on more than 20 markets for every race this season.The operator also hopes to follow this launch with the addition of lve betting for practice and qualifying sessions.“We are very excited to be working with Sportradar who are world leaders in data distribution and share our passion to make F1 a significant player in this field,” Adam Crothers, head of digital media rights at Formula 1, said. “We believe this partnership will provide our fans with yet another platform to engage with the races in a manner that hasn’t been possible until now as we head into another exciting year of racing.“For a long time now our sport has been synonymous with data as it is such a key component of F1, and this agreement will allow us to bring that data to life through Sportradar’s exciting in-race betting offering which is set to expand throughout the season.”Sportradar’s managing director for sports partnerships David Lampitt said the agreement creates an opportunity to increase engagement among Formula 1 fans.“Formula 1 is one of the world’s most recognised sports brands with unique commercial opportunities that continue to expand,” Lampitt said. “Introducing live in-race betting opportunities is a starting point to unlocking those opportunities and increasing interest and engagement amongst fans worldwide.”Sportradar and Formula 1 had previously announced in August 2019 that they planned to launch in-race betting for the 2020 season via an agreement with sponsorship and data rights partner Interregional Sports Group. In its release, Sportradar did not mention Interregional Sports Group. Topics: Sports betting Tech & innovation Subscribe to the iGaming newsletter Email Address Tags: Online Gambling
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The Gambling Commission has today (28 August) launched the process to award the fourth UK National Lottery licence, setting out a number of changes to its terms. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Topics: Lottery Social responsibility CSR CSR Regions: UK & Ireland The Gambling Commission has today (28 August) launched the process to award the fourth UK National Lottery licence, setting out a number of changes to its terms.The process begins with prospective bidders being asked to formally register their interest in competing for the tender, with those that pass this stage to then receive an Invitation to Apply (ITA), and supporting documents to begin preparing their application.The tender will ultimately run for more than a year, with the preferred applicant due to be announced in September next year.“Today, the competition for the fourth National Lottery licence begins,” Gambling Commission chief executive Neil McArthur said. “Over the last quarter of a century, it has made an unprecedented contribution to communities across the UK and has made a difference to the lives of millions. “The National Lottery is a national treasure. It has a reputation for providing enjoyable games and a high degree of player protection, as well as a rich history of prize giving and returns to good causes. We are determined to protect and build on the reputation of the National Lottery.”UK Minister for Sports, Tourism and Heritage Nigel Huddleston added: “The National Lottery has a positive impact on communities right across the UK, supporting thousands of good causes as well as the sectors that brighten up our lives including the arts, culture, heritage and sport.“The fourth licence competition will secure the National Lottery’s future combining safe play with life-changing prizes,” Huddleston said. “Most importantly it will help raise billions more pounds to benefit people’s lives in villages, towns and cities throughout the country.” However, there will be a number of changes to the contract awarded to the winning applicant, with the licence to be awarded for a fixed ten-year term. This, the Commission said, would give the licensee a clear period for investment planning.The licensee will also be granted more flexibility in how it operates the lottery, giving it more scope to maximise returns to good causes, while upholding high player protection standards. The lottery has already raised more than £41bn (€45.89bn/$54.22bn) for 565,000 good causes across the UK since its launch in 1994.This will be aided further by incentive mechanisms, ensuring its potential rewards and delivery are closely aligned with returns to good causes.Furthermore, the licensee will be required to develop stronger relationships with bodies responsible for distributing National Lottery funding. This, the Commission explained, aims to strengthen the links between the lottery brand, its players, and good causes.“For the fourth licence, we will be evolving our approach to regulation to build on the National Lottery’s huge successes,” McArthur explained. “In line with our outcomes-focused approach to regulation, we want the next licensee to have greater autonomy to meet the needs of players in 2023 and beyond, whilst ensuring there is clear accountability for the performance of the National Lottery.”He added there had been a “healthy level of interest from a range of different parties” that should ensure a competitive process.The tender process had been expected to launch early this year, only to be pushed back as a result of disruption caused by the novel coronavirus (Covid-19) pandemic. Despite this it was still expected to begin in the first half of 2020, until the Gambling Commission announced in June that it would be pushed back to H2.As a result Camelot, which has operated the National Lottery since its launch in 1994, signed a three-month extension to the contract awarded through the third licence tender, which now expires in July 2023.In March a bidder, speaking to iGB under condition of anonymity, criticised these delays, warning that these could prompt competitors to drop out of the process, potentially strengthening Camelot’s position.Camelot, naturally, will compete to continue its tenure as the lottery operator, though faces challenges from a number of other bodies. Health Lottery operator Northern & Shell has confirmed to iGB that it will be involved, while Czech gaming and lotteries conglomerate Sazka Group has long been credited with an interest.However, Sazka said today it has not yet made a decision over whether to make a bid.“The UK National Lottery is a prestigious institution with a proud quarter century history since its establishment in 1994. Knowing that the Gambling Commission would be opening tenders for the Fourth National Lottery Licence competition, we have been considering our position on whether or not to participate,” it explained. “As the leading operator of lotteries in Europe, Sazka could offer the expertise and resources required to deliver a state-of-the-art operation, alongside some fresh thinking that would boost the National Lottery’s appeal and secure more money for good causes.“However, as we haven’t yet reached a final decision, we will not be providing any further comment on the process.”Sir Richard Branson’s Virgin Group has also been suggested as a potential bidder, though it has since distanced itself from the process, while Sugal and Damani, the only rival to Camelot in the previous tender, may participate.For its fiscal year ended 31 March, 2020, the UK National Lottery generated a record £7.91bn in sales. This was aided by a 34.0% year-on-year rise in digital sales to £2.46bn, marking the first time that channel’s contribution passed £2.0bn. This saw the lottery’s contribution to good causes grow to £1.85bn. 28th August 2020 | By contenteditor Email Address Tags: Charitable Gaming GC launches fourth National Lottery licence tender
Sands will sell the subsidiaries that operate its US business to funds held by the private equity business Apollo for $1.05bn in cash and $1.20bn in seller financing, through a loan credit and security agreement. Land-based casino Sands sells Las Vegas empire for $6.25bn Tags: Las Vegas Las Vegas Sands Sheldon Adelson Robert Goldstein Read the full story on iGB North America Email Address Land-based gaming giant Las Vegas Sands has agreed to sell all of its Las Vegas properties and operations, including the Venetian Resort, to VICI Properties and funds controlled by Apollo Global Management for a combined $6.25bn. Las Vegas Sands chairman and chief executive officer Robert Goldstein said the property had been a very important part of Sands’ history, as it helped establish the legacy of Las Vegas Sands founder Sheldon Adelson. 3rd March 2021 | By Daniel O’Boyle AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “The Venetian changed the face of future casino development and cemented Sheldon Adelson’s legacy as one of the most influential people in the history of the gaming and hospitality industry,” Goldstein said. “As we announce the sale of The Venetian Resort, we pay tribute to Mr. Adelson’s legacy while starting a new chapter in this company’s history. Topics: Casino & games Finance Land-based casino Subscribe to the iGaming newsletter Regions: US Nevada Adelson died in January at the age of 87, with Golstein taking over his roles at the head of the operator and its board. Meanwhile, the Venetian’s real estate and related assets will be sold to VICI for $4.00bn in cash. VICI is a real estate investment trust that was spun off from Caesars in 2017 and has acquired many other casino properties.
The operator already has sponsorship deals in place with a number of cricket properties and organisations including Cricket South Africa and Cricket West Indies, as well as former Surrey star Kevin Pietersen. Betway branding will now feature on the back of the team’s T20 Blast shirts, as well as on various surfaces inside the team’s Kia Oval home stadium during domestic and international matches at the venue. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Betway is set to go public in the near future, with its parent company Super Group having agreed to merge with special purpose acquisition business Sports Entertainment Acquisition Corp in a $4.75bn deal that would see it listed on the New York Stock Exchange. Tags: Cricket Betway Surrey Regions: UK & Ireland Marketing 13th May 2021 | By Robert Fletcher Betway expands cricket sponsorship portfolio with Surrey CCC Email Address Kia Oval managing director Charlie Hodgson added: “As we look forward to a hugely exciting season at the Kia Oval we’re very happy to be partnering with Betway, one of the UK’s most exciting and innovative betting companies.” Subscribe to the iGaming newsletter “We are extremely happy to be announcing our partnership with the Surrey County Cricket Club; it enforces our continued commitment to cricket,” Betway chief executive Anthony Werkman said. Topics: Marketing & affiliates Marketing Online gambling operator Betway has entered into a commercial partnership with English country cricket club Surrey.
AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Researchers also said these people are more likely to be online and frequent gamblers, and as such, online-only surveys would tend to over-estimate gambling harm. Topics: Problem gambling In addition, researchers said in-person surveying should not stop completely, suggesting probability sampling and face-to-face interviewing be used to provide periodic benchmarks. GambleAware’s research, information and knowledge director Alison Clare added: “We want our prevention, treatment, and support commissioning to be informed by the best available evidence, and having survey data we can be confident in, within the constraints of data collection in an increasingly online world, is key. However, it added that measurement of gambling-related harm should still generally should move to online surveying – adjusted through less frequent face-to-face “benchmarks” – due to high costs and sample-size issues in face-to-face surveys. Researchers noted that the entire YouGov study took place through online surveys, while the earlier projects focused around face-to-face interviews. Other online-only surveys by Yonder and a further study by YouGov also produced higher problem gambling rates. Subscribe to the iGaming newsletter Carried out by YouGov, the survey found 63% of problem gamblers reported using some form of treatment, advice or support in the past 12 months, compared to 54% in November 2019. GambleAware-backed study warns of selection bias in gambling harm research “However, given the very high and rising cost of in person surveying, and the limits this places on sample size and the frequency of surveys, we recommend a shift to predominantly online data collection in future, supplemented by periodic in person benchmarks.” “GambleAware’s annual GB Treatment & Support survey is an important tool in building a picture of the stated demand for gambling harms support and treatment, and of the services, capacity and capability needed across Great Britain to meet that demand.” In their findings, researchers said the primary cause of this discrepancy was due to selection bias in online surveys, with these questionnaires skewed towards people comfortable using online technologies and who use the internet regularly. 14th May 2021 | By Robert Fletcher GambleAware commissioned the research in response to a 2019 YouGov study, which it said found higher rates of gambling harms across Great Britain than previously been reported by the 2016 and 2018 Health Surveys for England. The charity said that this discrepancy led to concerns over the real level of problem gambling in Britain. “Our research has found that online surveys tend to systematically overestimate the prevalence of gambling harm compared to face-to-face interview surveys,” Professor Sturgis said. “Selection bias is a particular risk for the online surveys because they either have low response rates, or use non-probability sampling,” the study said. However, despite this finding, the researchers said online methods would prove to be the best research method moving forward, but only when combined with a programme of methodological testing and development to mitigate selection bias. Tags: GambleAware YouGov Research Problem gambling Research commissioned by British gambling charity GambleAware has warned that online surveys of gambling harm face a “particular risk” of selection bias, which can inflate the numbers of those experiencing harm if not properly accounted for. The most recent edition of GambleAware’s GB Treatment & Support survey was published in March, suggesting an increase in the percentage of problem gamblers seeking treatment. Authored by Professor Patrick Sturgis and Professor Jouni Kuha from the London School of Economics, the study looked at how methodological differences between surveys affect the accuracy of estimates of gambling harms. Regions: UK & Ireland Researchers also noted that given the increasing cost of in-person surveys, online surveying would represent a cheaper option and, as such, more research and wider studies could be carried out to get a better idea of problem gambling levels. Email Address