iGaming Industry
Bet-at-home keeps winning despite Polish ban-hammer
Online gambling operator Bet-at-home kept its good times rolling through the first nine months of 2017, despite those pesky ban-happy Polish regulators.
Figures released this week show Bet-at-home, a Frankfurt-listed subsidiary of French gambling operator Betclic Everest Group, generated revenue of €108.7m in the nine months through September 30, an 8.3% improvement over the same period last year. The momentum builds on Bet-at-home’s Q2 results, which the company hailed as its best ever quarterly performance.
Third-quarter revenue actually took a step back on a year-to-year basis, falling to €31.9m from €35m in Q3 2016. The company noted that its online gambling domains were “subject to blocking measures in Poland” as of July 1, the deadline given by Polish regulators for international operators to get a Polish license or GTFO following last year’s amendments to local gambling laws.
Bet-at-home claims Poland’s actions “are considered as a violation of European legislation” regarding the free movement of goods and services between European Union member states. Bet-at-home further claims that “extensive legal action was initiated in this respect,” but that hasn’t convinced Poland’s Ministry of Finance to expunge the six Bet-at-home domains currently doing time on the country’s online gambling blacklist.
Getting back to Bet-at-home’s financials, the company’s year-to-date revenue rise came entirely from its online casino operations, as sports betting revenue took a 2% dip to €48.1m while online gaming shot up over 18% to €60.6m. Betting duties from operations in regulated markets were up more than one-fifth to €14.5m.
The company reported earnings of €8m in Q3, bringing its year-to-date earnings total to €25.4m, up 19% from the same period last year. With no major sporting event on the calendar, the company achieved a 4.3% reduction in marketing costs while still adding an extra 300k new customers, bringing total registered customers to 4.8m.
Looking ahead, Bet-at-home projected full-year revenue to come in around €144m and earnings to come in between €34m and €38m.…
The post Bet-at-home keeps winning despite Polish ban-hammer appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.
Source: EEGaming.
BetConstruct
BetConstruct to Showcase Latest Innovations at G2E Las Vegas 2024
BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.
As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.
Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.
BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.
Amusnet
Amusnet Sets the Stage for Global Gaming Excellence at G2E Las Vegas
Amusnet has announced its participation in the 23rd edition of G2E Las Vegas (Global Gaming Expo) at The Venetian Expo from October 7-10. As one of the largest expos globally, G2E provides a platform for the company to showcase products across its Online Casino, Live Casino, and Land-based verticals, positioning Amusnet as a prominent all-casino provider in the competitive iGaming industry.
“We are excited to attend G2E Las Vegas 2024 to present our latest online casino portfolio and Type S slot cabinets: our first-ever product series for Land-based casinos, designed to offer a competitive edge by combining Amusnet’s top-notch game portfolio with an immersive player experience. Our focus is on delivering solutions that maximize performance and cater to the evolving needs for both online and land-based casinos,” said Borislav Marinov, Head of Business Development, Land-based, at Amusnet.
Alongside its technical excellence, the premium Type S series showcases the company’s award-winning titles, including 20 Golden Coins, Extra Crown, Fruits & Gold, and Cocktail Rush. It also features Amusnet’s popular four-level bonus game, Jackpot Cards, along with other exciting features like Free Spins, Buy Bonus, Pick Me Bonus, and Symbol Upgrade.
Amusnet will host an activation featuring its premium slot cabinets at the upcoming expo, offering attendees the opportunity to experience the thrill of Type S in real time and win exciting gifts.
Canada
SoftGamings Doubles Down on Global Expansion by Introducing Tobique Gaming Licence
SoftGamings, the market leader in iGaming solutions and services, announced the arrival of the Tobique Gaming License on the market. The move reflects the company’s commitment to enhancing regulatory compliance and expanding its footprint in the competitive iGaming industry.
Tobique Gaming, managed by the Tobique First Nation in western New Brunswick, Canada, oversees the issuance of online gambling licenses through the Tobique Gaming Commission (TGC) — a regulatory body established under the Tobique Gaming Act of 2023. This initiative is known for its stringent standards and emphasis on responsible gaming. Furthermore, it promotes economic development within the Tobique First Nation community.
The Tobique Gaming license provides operators an entry point into the online gaming and gambling industries. With it, businesses and iGaming operators can conduct operations in various global regions and offer multiple services, from betting to casino games and lottery promotions. The best of all is the streamlined application process, which lasts only 4 to 6 weeks.
SoftGamings is fully prepared to support clients and those interested in obtaining this license. Leveraging its innovative technology and diverse game portfolio, SoftGamings is ready to support clients in navigating the application process and leveraging the benefits of the Tobique Gaming License. The company’s comprehensive services include game development, casino management systems, and payment integrations, making SoftGamings a preferred partner for numerous operators and developers worldwide.
Consequently, helping the clients obtain the Tobique Gaming license and being an entry point represents a significant milestone in SoftGamings’ ongoing efforts to refine its service offerings, maintain the highest standards of gaming integrity, and bolster its regulatory standing. As the company moves forward with this licensing process, it anticipates a positive impact on its operations and continued success in delivering exceptional gaming solutions to its global clientele.
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