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COVID-19, Magellan Robotech (Stanleybet Group) Robotics Division: “Mathematical model and AI techniques predict contagion zero from 7 May and peak attained 27 March. Italy sets worldwide precedent”

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The findings of a study commissioned by the Stanley Board to the Robotics Division of the Liverpool Group on the likely trends of the Covid-19 pandemic in the coming weeks, were disclosed and released to all Stanley affiliates in Europe. The Robotics Division is the same that created humanoid robot Alicia, which utilizes the most advanced techniques in giving life to virtual products. The virus is dealt with by a mathematical model that interprets the pandemic as if were spread by a swarm of hostile robots. Each individual virus is looked at as if it were a single nano-robot, and its effects are analyzed in relation to its movements, by the same techniques of logistic prediction that are applied to gauge the simultaneous movement of millions of very low cooperation level software drones (swarms). It is an approach that was fine-tuned for the first time in the world at Magellan Robotech with respect to specialized software simulating the movements of virtual entities, in that case characterized by a high cooperation level. An ad hoc mathematical model enabled the creators to overcome the difficulty of identifying the correct level of cooperation within the swarm applied to the pandemic scenario.

We uploaded into the model the data of the Civil Protection and Health Authoritites of several countries, as well as those of the World Health Organization, de-seasonalized by econometric techniques comparable to those utilized to stabilize the sets of data employed in the predictive models of economic research.

We moroever uploaded into the model the most reliable forecasts that could be obtained on citizens’ behaviours in the countries concerned in complying with the prescriptions of the health authorities. More particularly, we developed separate forecast models for China, and the eight jurisdictions where Stanley is currently operative: England, Denmark, Belgium, Italy, Romania, Croatia, Malta and Cyprus. China, which is now showing considerably stabilized data, was utilized as “control patient”, and compliance rankings were assigned to the other jurisdictions against the Chinese benchmark.

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China was thus assigned compliance ranking “100”, and degressively lower rankings were assigned to other countries. The actual rankings assigned will not be made public. We, though, like to think that Italy, which was in its history always capable to summon its best resources in the hardest times, gained the third ranking, hence, a surprisingly “high” compliance level. And we like to think that, albeit in a tragic context, Italy did set the standard for the rest of the world, amongst others, for the spirit of self-sacrifice of its medical personnel, public and private alike, and the exemplary behaviour of its citizens.

In order to assess the damage suffered as a result of the forced closure of its betting premises in the eight countries it is active in, the Stanlely Board had requested an estimate of two key-parameters in each such country: 1) the point in time of the pandemic peak, and 2) the point in time when the number of daily contagions would go down to zero units. Let us recall two concepts that are helpful to understand our assessments. First, peak means the point in time when the contagion curve changes from an exponential increase (concavity facing upwards) to a logarithmic increase (concavity facing downwards). Second, the number of zero contagions is the point in time when the curve reaches its top in terms of infected individuals. Our model supplies both parameters, which are very different from country to country. The Italian data, according to the Magellan model, are as follows: a) the peak in Italy was reached 4 days ago, on 27 March, and b) the number of new infected individuals commenced to decrease after 27 March with an increasing logarithmic trend, bound to reach the minimum (zero contagions) on 7 May 2020. The error margin according to the model is plus or minus 4 days. The overall probability that the model effectively delivers correct data is 88%. Hence, always according to Magellan Robotech, the number of new contagions could reach zero level at any time between 3 and 11 May, although the most likely date derived from the assumptions underlying the model is 7 May. From that date onwards, it is though recommended, and will be necessary, to maintain standards of extremely high prudence for at least another 14 days.

The green light of the Government for resuming ordinary activities in Italy may, thus, be predicted for the last week of May.

At present, Stanley is operating in online mode only, with all physical premises in Europe being shut down awaiting the prescriptions of the national authorities. We seize this opportunity for encouraging all Stanley agents anywhere in Europe to strictly comply with such prescriptions and, above all, to stay at home. Stanley has asked that all its employees and commercial partners do the same. Strict compliance only will take us all to the end of the pandemic.

Dr Garrisi, the Stanley CEO and creator of the Magellan mathematical model, in a phone interview from Malta launched a warning: “I am confident that the predictions developed by us will prove substantially correct. However, there is a risk. In fact, our model shows that the contagion trend in the coming days should collapse exponentially. In other words, we will see the number of new infected individuals decrease by the day with astonishing speed, but the curve will thereafter  slow down and tend to become flat with an enervating “swing behaviour” equally changing by the day, to reach the zero contagion point at the beginning of May. It is, therefore, to be expected that in the coming days between 7 and 15 April a mood of euphoria will prevail, as if the problem was eventually overcome. Mind you, this is not the case. A relaxation of the strictest compliance with the prescriptions of the authorities could result in a fresh uptake of the pandemic instead. All of us must absolutely stay at home, not only until the day when the absence of new contagions is declared, but safely well beyond that point in time. Provided all of us remain compliant and strict in observing the prescriptions of the authorities, the gambling sector may start to think of a re-opening of physical operations within the end of May”.

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About us

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Magellan Robotech Ltd was founded in 2014 by the Stanleybet Group, international bookmaker with over 60 years of experience in the Gaming business, with the aim of exploring new frontiers in Gaming and Entertainment.

 

Since its foundation, a team of more than 100 professionals has been dedicated to create bespoke products and services. Magellan highly custom-made solutions are entirely pinpointed to our customers needs and, furthermore, compatible with the rules set forth by the Gambling Commissions of several Countries.

Our mission is to improve the productivity and the efficiency of operators and to further enhance the gaming experience for customers, making it increasingly intense and exciting

The Company’s range of products, already licensed in several European Union Countries and certified ISO/IEC 27001, includes a complete Gaming Platform, compatible with gaming products by all major global providers; V-Sports (3D virtual games including football matches, horse and greyhound racing); _Trident _ (a full championship with a multi-screen layout, from 1 to 4 screens); V-Numbers (two different types of Lotteries); Apache (a Pre-Match and Live Betting system for retail market); Midas (a Self-service betting software for retail market).

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In June 2018, ¬Magellan Robotech obtained the international certification ISO/IEC 27001, which defines the global requirements for an Information Security Management System (ISMS) and is designed to ensure the selection of adequate and proportionate security controls. The standard also requires periodic checks, thus guaranteeing constant and extreme protection of the certified companies’ customers’ information.

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NuxGame’s Aggregation Platform shortlisted in EGR B2B Awards

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NuxGame, the experienced betting and casino software provider, has been recognised at this year’s EGR B2B Awards, receiving a nomination for its Aggregation Platform.

The EGR B2B Awards is one of the most esteemed events in the industry and this shortlisting solidifies NuxGame’s status as a leading casino software supplier and a one-stop shop for casino operators.

Winners are to be selected by a panel of industry experts ahead of the ceremony at The Roundhouse in London on 13th June.

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NuxGame’s aggregation platform boasts over 13,600 slots titles from 135 leading providers, which has recently been bolstered thanks to partnerships with the likes of 3 Oaks Gaming, Vivo Gaming and Hacksaw Gaming.

The nomination follows a strong year for the provider, which has made strides in player retention and acquisition tools for its aggregation platform customers with features such as free spins, network tournaments, live streamer promotions and custom thumbnails.

This latest development for NuxGame serves as a testament to its philosophy of staying ahead of the tech curve and harnessing the latest technologies to provide a bespoke and customer-centric service.

Denis Kosinsky, Chief Operating Officer at NuxGame, said: “The EGR B2B Awards is one of the most important dates in the iGaming calendar, so we are honoured that our leading casino aggregation platform has been shortlisted.

“It’s fantastic to be recognised in these prestigious awards, as we are dedicated to delivering the most innovative casino game aggregation platform for our customers.”

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The post NuxGame’s Aggregation Platform shortlisted in EGR B2B Awards appeared first on European Gaming Industry News.

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Navajo Gaming Honors 186 Team Members for Employee Milestones

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This month The Navajo Nation Gaming Enterprise (Navajo Gaming) honored 186 of its total 1200 team members for reaching significant employment milestones including 15, 10, and 5 years of service for the enterprise. The event at Twin Arrows Navajo Casino Resort in Flagstaff, Ariz. showcased the impact and journey of each hard-working team member, with a special highlight for 29 employees who have served for 15 years.

Less than 10 years after Navajo Gaming was created by the Navajo Nation and charged with the mission of creating jobs, increasing revenues, and stimulating incremental economic development within the Navajo Nation, the gaming enterprise created over 7425 direct, indirect and induced jobs with an overall economic output of over a billion dollars.

“Navajo Gaming employs 1200 people, 85 percent of whom are Navajo citizens. The award-winning AAA’s coveted Four Diamond Twin Arrows Casino Resort shares Navajo Culture through architectural nuances and local artists. Each of the property dining eateries feature ‘Navajo Beef,’ and traditional cuisine of the Navajo people, and our invitation to stay, play and relax at one of our four properties or Travel Center is an open welcome to the Navajo Nation’s beautiful scenic transformation,” Matthew Shunkamolah, Interim Chief Executive Officer of Navajo Gaming, said.

Team members recognized for 15 years of services have worked their way up to a wide variety of position within the enterprise from General Manager and Executive Director of Slots, to Director of Security, Food and Beverage Supervisor and Executive Director of Government Affairs.

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Betsson Publishes its First Quarter 2024 Interim Report

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Betsson AB has published its interim report for the first quarter of 2024.

Highlights

  • Group revenue was EUR 248.2 (221.9) million, an increase of 12%. Organic increase of 25%.
  • Casino revenue increased by 19%. Sportsbook revenue decreased by 3% and the sportsbook margin was 6.6% (8.0%).
  • EBITDA was EUR 71.6 (54.3) million, an increase of 32%. The EBITDA margin was 28.8% (24.5%).
  • Operating income (EBIT) was EUR 57.9 (43.0) million, an increase of 35%. The EBIT margin was 23.3% (19.4%).
  • Net income was EUR 42.8 (36.6) million, corresponding to EUR 0.30 (0.28) per share.
  • Operating cash flow was EUR 50.0 (48.8) million.
  • Net debt was EUR -68.1 (-104.5) million.
  • Active customers increased by 15% to 1,281,267 (1,115,641).

CEO’s Comments

“Positive start to the year for Betsson – continued high customer activity and the highest ever operating income”

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For Betsson, the first quarter of 2024 was characterised by a continued positive development with high customer activity, good growth and strengthened profitability, as well as new growth-oriented initiatives. Revenue was up 12 percent year over year, and operating income (EBIT) increased as much as 35 percent to a new record level, while the operating margin strengthened to 23.3 (19.4) percent.

After the new president in Argentina took office, a devaluation of the Argentine peso of more than 50 percent was carried out in December, which had a negative effect on reported revenue for the Group in the first quarter. Organically, revenue increased by 25 percent compared to the corresponding quarter of the previous year.

The high customer activity drove strong growth in gaming turnover for both casino and sports betting, with year-over-year increases of 14 and 25 percent, respectively. Casino revenue increased by 19 percent year over year. The sportsbook margin amounted to 6.6 (8.0) percent, which was lower than the average margin for the past two years and meant that the high activity and increased turnover in sports betting was not fully reflected in revenue for the quarter. The lower sportsbook margin particularly impacted revenue in Latin America.

Betsson’s ambition is to generate stable earnings growth in the long run. The strategy to achieve this is based on geographic diversification and growth investments within existing markets, new markets, B2B and M&A. Within existing markets, it can be mentioned that the Betsson brand was introduced on the Italian market in March, at the same time as a collaboration was started with the former superstar of Italian football, Francesco Totti. Italy remains an important market with great potential for Betsson. In addition, Betsson went live in Cordoba, Argentina during the quarter, which means that the Group now offers games under local gaming licenses in three Argentine provinces. In new markets, a new online casino offering was launched in Belgium through the acquired company betFIRST, based on the category A+ license. The license enables a complete online casino offering including slots, table games and live casino. B2B continues to be an important strategic area where previous years’ investments continue to bear fruit and continued to perform strongly during the quarter. In terms of M&A, a gaming operator licensed in the Netherlands that offers casino games via the websites www.goldruncasino.nl and www.goldruncasino.com, and a game studio that develops casino games, were acquired in February. The transaction is subject to an approval from the Dutch gambling authority before the integration work can begin.

Sustainability is an important part of Betsson’s strategy and for the second year in a row Betsson sponsored the Consumer Protection Zone at the ICE gaming fair in London. This part of the fair aims to increase knowledge about responsible gambling and all proceeds from this part go to organisations that work with responsible gambling.

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After the positive start to the year, we now look forward to following the final rounds of the European football leagues and cups, before it is time for the best national football teams to measure their strengths in the UEFA Euro 2024 and Copa America in June and July. There is football fever out there and within the entire organisation a number of activities are already underway to ensure that Betsson will be able to deliver a powerful player offering for new and existing customers during these major championships. See you this summer!

The post Betsson Publishes its First Quarter 2024 Interim Report appeared first on European Gaming Industry News.

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