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It’s official, £2 ($2.7, 2.3 euros) per spin on FOBT in the UK

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The British government has just made a historic moment in the development on the gambling industry in Britain. It has just slashed the maximum stake on controversial gambling machines to £2 ($2.7, 2.3 euros) per spin, as it vowed “to protect the most vulnerable in society” from harmful losses.

The biggest wager for popular fixed-odds betting terminals (FOBTs), which allow gamblers to bet every 20 seconds, will be cut sharply from the current level of £100, the department for digital, culture, media and sport said in a statement.

The move follows lengthy consultations over the machines, dubbed the “crack cocaine of gambling” by critics due to their potentially addictive nature.

Bookmakers have previously claimed moves to slash the maximum stake on FOBTs would lead to the loss of thousands of jobs in the industry.

The new rules for the popular electronic casino-style games, like roulette and bingo, follow a government review.

“When faced with the choice of halfway measures or doing everything we can to protect vulnerable people, we have chosen to take a stand,” said culture minister Matt Hancock in today’s statement.

“These machines are a social blight and prey on some of the most vulnerable in society, and we are determined to put a stop to it and build a fairer society for all.”

The government also announced measures to tighten online betting protections and television advertising and raise awareness about potential harm. In addition it will launch a probe into the public health impact of betting.

“Problem gambling can devastate individuals’ lives, families and communities,” added sports minister Tracey Crouch.

“It is right that we take decisive action now to ensure a responsible gambling industry that protects the most vulnerable in our society.”

The decision will come as a blow to betting companies, who have warned that shops could close as a result.

The country’s Gambling Commission had already called in March for the maximum stake to be cut to no more than £30.

Bookmaker William Hill warned the decision to limit the maximum stake on FOBTs could see around 900 of its shops become loss-making, adding a “proportion” risked closure.

“The government has handed us a tough challenge today and it will take some time for the full impact to be understood, for our business, the wider high street and key partners like horse racing,” said William Hill chief executive Philip Bowcock.

“We will continue to evolve our retail business in order to adapt to this change and we will support our colleagues as best we can.

“Despite the challenges presented by this decision, our teams will compete hard and offer great service to William Hill customers.”

Source: independent.co.uk, france24.com and AFP


Source: European Gaming Media and Events

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Casino Cash Trac Named on Inc. 5000 List For Third Consecutive Year

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TULSA, Okla.Aug. 17, 2018 – Casino Cash Trac (CCT) is excited to announce that once again it has been ranked on the Inc. 5000 list. Inc. magazine announced that Casino Cash Trac ranked No. 1044 on its 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies with an outstanding three-year sales growth of 470%.

Led by CEO Kurt Williams, Casino Cash Trac joins an elite group of companies which have been honored three years in a row. Of the tens of thousands of companies that have applied to the Inc. 5000, only one in four percent have made the list three times.

“It is truly an extraordinary accomplishment for the company. To be selected three years in a row is remarkable and I thank our employees and customers for trusting our vision,” says CCT’s CEO, Kurt Williams.  “Our teams continue to deliver the best Casino Audit System (CAS) across the country and it is amazing to work with such a talented group of individuals.”

The Inc. 500 award underscores the value of CCT’s offerings and validates their strategy of providing a cutting edge solution accompanied with extraordinary customer service.

“It is an incredible achievement to be listed among the nation’s fastest-growing companies yet again. For CCT, this honor is a direct reflection of our commitment to push ourselves to get better every day. We are thankful for the employees we have, the clients we work with and the trust they put in us every day to help them streamline their operations,” says CCT’s CRO Wanor França.

About Casino Cash Trac

Based in Tulsa, Oklahoma, Casino Cash Trac is the creator of Casino Insight™, an award-winning suite of transactional, reporting, and analytical tools designed to streamline and automate cage operations, revenue audit processes, and operations analysis. Casino Insight™ offers full integration with most casino management, food & beverage, and hotel systems, as well as most cash dispensers, kiosks, and other bank machines.

Since developing Casino Insight™ in 2012, Casino Cash Trac has helped over 130 casinos across multiple states and countries to maximize productivity and efficiency while minimizing paper waste and manual processes that are prone to human error.


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Wazdan goes wild with one of Europe’s fastest growing casino companies

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Friday, August 17; 2018, Malta – Slots pioneer Wazdan has inked a deal with GoWild Gaming to provide the innovative operator with Wazdan’s full portfolio of slots, which have been attracting attention across the igaming industry all year. GoWild is a leading online gaming operator. The jungle-themed gaming brand has been leading expeditions through the wilds of the internet since 2008.

The GoWild platform currently features over 1,500 games from more than twenty carefully selected software providers including Microgaming, NetEnt, Evolution, Scientific Games, Yggdrasil, iSoftBet, Play’n GO, and now Wazdan. In addition, the platform has a sophisticated CRM system enabling GoWild to personalise promotions and content in an unprecedented manner to boost retention and customer loyalty.

Wazdan’s portfolio of over 110 HTML5 slots for desktop, tablet and mobile incorporates the Unique Wazdan Features, that include the world’s first Volatility Levels™, Energy Saving Mode, Double Screen Mode and Unique Gamble Feature which deliver outstanding player engagement and casino revenue.

Upcoming games from Wazdan include the eagerly anticipated Mayan Ritual™, a slot that explores the mystery of the lost ancient culture of the Maya; Black Hawk Deluxe, a magic and fantasy game with ghosts, skeletons and a treasure-filled castle; and, Los Muertos™, a game which celebrates the unique Mexican holiday Day of the Dead and will be released in time for Halloween.

Anthony Berningham, Director of Gaming Content at GoWild, said,”With best-of-breed content from all the leading providers on our platform, we feel the fit with Wazdan is excellent. Their world-class technology and games help to expand the gaming experience further which is why we wanted to bring them on-board. It’s our desire to provide our players with the best gaming experience possible with deals like this one.”

Head of Sales at Wazdan Andrzej Hyla said: “Our games bring a new dimension to casinos as they seek to deepen player experience and to unlock the potential of added-value built-in to technology tools like the Unique Wazdan Features. We are absolutely delighted to be joining GoWild’s platform and supporting GoWild’s ambition to provide access to the best gaming content on one platform.”

So far in 2018, Wazdan has signed with some of the biggest names in the industry including EveryMatrix, Videoslots, SlotMillions, Tipbet, Iforium, iSoftbet, Evenbets, Groove Gaming, Globalplay, Tipbet, Rabbit Entertainment, SoftGamings, and now Go Wild Gaming, amongst others. For further information visit www.wazdan.com

 

ABOUT WAZDAN:

Wazdan is a popular game producer, developing innovative casino games that deliver original, fun and truly omni-channel player experience. Offering an extensive game library of over 100 HTML5 slots, table games and video pokers, Wazdan is gaining popularity on the iGaming market thanks to the great quality of their games, interesting themes and engaging gameplay. Wazdan’s game portfolio consists of such popular titles as Great Book of Magic Deluxe, Magic Target Deluxe, Valhalla and Wild Guns and soon will extended with new amazing slot games, including Los MuertosTM, Mayan RitualTM and Captain FlyntTM, among others. Wazdan releases new, exciting titles on a regular basis and equips them with Unique Wazdan Features: innovative Volatility LevelTM, exciting Unique Gamble Feature and mobile-friendly Energy Saving and Double Screen Modes. Wazdan holds a number of  European trademarks including for their world’s-first Volatility Level TM. Their extensive portfolio of clients includes some of the top gaming operations in the industry. The company is headquartered in Malta and holds licenses issued by the UKGC, the MGA and complies with Curacao regulations. Furthermore, their games use the RNG certified by the NMi, which ensures reliable, fair and secure gameplay. Wazdan’s Sales Team is showcasing their products at SiGMA in Malta from 28 to 30 November.

 

For more information on this press please contact Ogilvy Malta on 00356 99207677 or edwin@ogilvymalta.com


Source: European Gaming Media Latest News

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Pennsylvania Gaming Control Board Reports July Monthly Fantasy Sports Contests Revenue

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HARRISBURG, Pa.Aug. 17, 2018 – The Pennsylvania Gaming Control Board today posted on its web site the July Fantasy Sports Contests revenue report. The report provides a breakdown on fees collected from the play of Pennsylvania participants, Fantasy Sports Contests operators adjusted revenue, and the tax revenue due to the Commonwealth, and can be found at www.gamingcontrolboard.pa.gov.

Tax revenue is derived through a 15% assessment on adjusted revenue reported by the Fantasy Sports Contest operators, and is deposited into the Commonwealth General Fund. In total, tax revenue generated during July totaled $131,728. Seven of the Fantasy Sports Contest operators reported tax revenue due.

Fantasy Sports revenue and tax revenue for each of the providers for July 2018 is displayed in the following tables:

Fantasy Sports Contest Provider

Fantasy Sports
Contest Adjusted
Revenue

State Tax

Due

DraftKings

$437,108.24

$65,566.24

FanDuel

$427,451.31

$64,117.70

DRAFT

$8,760.00

$1,314.00

Fantasy Draft

$1,737.19

$260.58

Yahoo Fantasy Sports

$1,627.97

$244.20

Sportshub Technologies

$1,236.16

$185.42

Boom Fantasy

$264.06

$39.61

Full Time Fantasy Sports

$0.00

$0.00

Fantasy Football Players Championship

$0.00

$0.00

Total

$878,184.93

$131,727.75

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state’s casino industry, along with oversight of new gaming initiatives created through amendments to the Race Horse Development and Gaming Act recently approved by the signing of Act 42 of 2017.

The Commonwealth’s casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ 17,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to all Pennsylvaniahomeowners.

Additional information about both the PGCB’s gaming regulatory efforts and Pennsylvania’s gaming industry can be found at gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

CONTACTS: Doug Harbach or Richard McGarvey
(717) 346-8321

 

SOURCE Pennsylvania Gaming Control Board


Source: European Gaming Media Latest News

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