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Contrasting trends in 2017 Czech gaming market figures

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Contrasting trends in 2017 Czech gaming market figuresReading Time: 2 minutes

The 2017 Czech market figures were published last week, revealing some contrasting trends.

It was surprising to an overall minimal revenue gain in the gaming market, despite the strong rise in online gambling revenue of over 50 per cent.

Czech Ministry of Finance figures for 2017 indicated total revenues of CZK39.8b (US$1.77b), a gain of 1.1 per cent from 2016 in the face of overall spending on gambling rising 14.1 per cent to CZK224b.

The gains in online gaming nonetheless did not translate to overall gains for the Czech Republic, which began allowing and regulating iGaming in the country with the revision of the country’s gambling act in 2016.

The Online Contribution

The fact is online gambling jumped 56 per cent year-on-year to CZK8.3b ($370m), responsible for a contribution of more than one-fifth of the overall gaming market in the Czech Republic.

The vertical contributing most heavily was fixed-odds sports betting, which saw a total rise in 217 of nearly CZK1b to reach just short of CZK6.2b.

The next largest contributor on the pole for 2017 was online casino, which brought in just over CZK2b to the Czech market, with live casino third at a CZK120m contribution.

Online lotteries brought in CZK276m, compared to a decline in the contribution of land-based lotteries down CZK500m to CZK6.1b.

Conflicting Disincentive

The relative lack of gains from the overall sector may have to do in large part to some changes made in the Czech market structure that took effect January 1st of 2017. The updates imposed stiff taxes on foreign licensees, resulting in many operator withdrawals who were discouraged by new individual vertical taxes of 23 per cent on sports betting, and 35 per cent for slots, compounded by a 19 per cent corporate tax and further new restrictions on online bonus offers.

Outlook

The Czech government is claiming a healthy purge of up to 90 per cent of illegal operators, but if they want to keep this purge from claiming more legitimate licenced operators on the ledger, they will have to find a way to ease restrictions on foreign operators to add more revenues and streams to the overall till. Let’s hope the operators that began trickling back at the end of 2017 have found more hospitable conditions in 2018.

 

Source: onlinecasinoreports.com


Source: European Gaming Media Latest News

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Betsoft Gaming Jumps Ahead in Curaçao with Jumba Bet Content Agreement

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Betsoft Gaming Jumps Ahead in Curaçao with Jumba Bet Content AgreementReading Time: 3 minutes

 

 Betsoft Gaming remains a leader in the Curaçao regulated market, signing the latest in a series of far-reaching content agreements with customer-focused casino Jumba Bet.

eement covers all Betsoft games licensed for the jurisdiction, including player favourites and cutting-edge titles from the Slots3TM series.  The partnership also provides for the integration of further content over time, allowing Jumba Bet’s players to experience new innovations in upcoming games like the genre-redefining Max Quest: Wrath of Ra.

Founded in 2016, Jumba Bet is an upbeat online casino, presenting players with a choice of more than 130 of the industry’s finest slot games, accessed through a joyful, jungle-inspired user experience.  Jumba Bet has maintained a focus on customer satisfaction from its inception, with the promise of “positive gambling mojo” backed up by personalised service available around the clock.

“Jumba Bet has built its name on brand identity and trust, and this combination has seen them become one of the fastest-growing casinos in the market” explains Annamaria Anastasi, Marketing Director for Betsoft.  “We are thrilled to be able to help Jumba Bet sustain that pace of growth, providing its players with an uncompromising experience across a broad range of different games.”

A key criterion for Jumba Bet’s choice of content provider was consistency and quality across different devices, as Jumba Bet’s Patrick Duncan explained:

“We are one of the fastest-growing casino brands, and this is in part due to our ability to offer the best and most innovative games anywhere, at any time.  In this sense, Betsoft’s suite of HTML5 content is a perfect fit for the kind of experience we want to present to our players: only the best, whatever their device.  This partnership will provide us with access to a rich library of exciting, modern games, making it a match made for success.”

 

About Betsoft Gaming:

Betsoft Gaming develops innovative casino games for desktop and mobile.  Its portfolio of more than 190 RNG titles reaches players through partnerships with many of the iGaming industry’s leading operators.  Under the SLOTS3TM banner, Betsoft is elevating players’ expectations; these cinematic, true-3D slots blend rapid, gratifying gameplay with an audio-visual excellence more typical of movies and videogames.

An early entrant to mobile gaming, Betsoft launched the ToGoTM collection in 2012.  More recently, Betsoft revealed the ShiftTM environment, which supports truly cross-platform development at the same time as increasing performance, drastically reducing file size and streamlining integration.

Casino Manager, Betsoft’s comprehensive back-office platform, rolls reporting, management, marketing, promotion, and administration into a single compelling package.

Betsoft is headquartered and licensed to operate in Malta, and holds additional licenses in Romania and Curaçao.  Contact sales@betsoft.com or visit www.betsoft.com for general information and enquiries.  For press and marketing enquiries, email press@betsoft.com.

 

About Jumba Bet:

Since launching in 2016 under the Funky Fortune brand licensed in Curaçao, Jumba Bet already has a strong following of loyal players because of their stable reputation and how easy it is to play and win at this entertainment destination.

Providing players with only the best, Jumba Bet uses Saucify, a software provider with more than 15 years’ experience who understand what it takes to create a one-of-a-kind online playing experience.

Not only boasting a selection of games that are completely different to any other operator, the casino also hosts the very exclusive and interactive Spin16 slots where the reels spin up, down, left or right to increase those winning chances.

This vibey, jungle themed casino has already established a powerful reputation of trust amongst members due to its 97% pay-out ratio. It too, has completely revolutionised gaming with their innovative and incredible selection of over 130 amazing games which are unlike anything you’ll find anywhere else.


Source: European Gaming Media

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Best Gambling secures Gambling Commission licence

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Best Gambling secures Gambling Commission licenceReading Time: 1 minute

 

Best Gambling Ltd are very pleased to announce that they have been granted an Operator’s Licence from the UK Gambling Commission.

This allows Best Gambling to provide a new platform for gambling start-ups (or scale-ups) with great product ideas and who want to operate in the UK.

Ian Beauchamp, CEO of Best Gambling, commented “Securing a Gambling Commission licence is a major achievement for the business, that, in addition with, the senior management team receiving their respective Personal Management Licenses will take us to the next level in the growth of the company. Best Gambling can now accelerate towards launching the first, of what I believe will be, an exciting and innovative range of products into the UK market.”

“We look forward to meeting with start-up / scaling enterprises and potential investors alike as we grow the business”.

 

For further information: www.bestgambling.co.uk


Source: European Gaming Media

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NetEnt beta-launches affiliate business

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NetEnt beta-launches affiliate businessReading Time: 1 minute

 

Today NetEnt announces the beta-launch of its own affiliate business. Via a brand-new games section at www.netent.com, video slot fans will now be able to try out all the NetEnt games while at the same time receive great bonus offers from operators.

The aim is to create a place where players can enjoy the complete portfolio of NetEnt games for free, while operators can offer traffic-driven bonuses to players that are interested in the full experience, playing for real money. Offers and bonuses from Leo Vegas, Casumo, Cashmio and ComeOn will be available to NetEnt fans through this beta-launch.

Working with affiliates is a proven method for operators to reach new customers in a cost-efficient way. The method is rapidly growing and has been successful in verticals like travelling and e-commerce.

Therese Hillman, CEO of NetEnt, comments: “This is both an important and natural step for us, positioning us in an attractive part of the value chain, as we continue to offer the ultimate entertainment experience. This new strategic initiative is a great way for us to strengthen our relationship with both operators and players.”

“We know that we create entertaining slot games and our brands have a strong position on the market with a lot of fans and dedicated players. Through our affiliate site we’ll be able to supply operators with traffic and provide Netent fans with great content and offers when they play our games.”

NetEnt’s affiliate business is launched alongside a brand new and innovative game section at www.netent.com. On the new site NetEnt fans can enjoy the full NetEnt portfolio, play their favorite games, find similar titles through playlists and themes and then go on to play the games they like with our secure and trustworthy affiliated operators.

 


Source: European Gaming Media

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