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Kambi reengineers popular parlay product with innovative Teaser+

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Kambi reengineers popular parlay product with innovative Teaser+Reading Time: 2 minutes

 

Leading sports betting supplier Kambi has developed an innovative version of the popular teaser parlay, after implementing a new method of pricing the wager which delivers greater value to bettors than the common teaser product.

Teaser+, which was launched in time for the start of the NFL season, differs from the traditional teaser due to the fact Kambi’s in-house trading team generates a price based on each individual leg of a player’s chosen parlay.

Until today, all teaser parlays have been allocated a pre-determined price according to an operator’s static odds table. For instance, a three-team parlay gaining seven points on the spread will be allocated the same odds each time, no matter the identity of the teams involved.

In reinventing the product, Kambi’s trademark-pending Teaser+ swaps the odds table for its wide range of in-house generated alternative lines, thereby ensuring the teased parlay accurately reflects the players’ selected teams, match factors and related probabilities.

As a result of this more precise and fully automated process, Kambi’s Teaser+ not only gives players the price they would receive if they selected the teased spreads individually, but in almost every instance generates a more generous price when compared to the odds tables used by other operators and suppliers.

Furthermore, having priced each parlay leg separately, Teaser+ can treat ties as a push to keep the remaining selections running – right down to two-team parlays, meaning Kambi-powered operators will be alone in settling a two-team push and win teaser as a winning single wager.

The launch of Teaser+ further enhances Kambi’s market-leading US proposition and underlines the supplier’s position as one of the industry’s leading innovators, having also been first to develop Cash Out, the live ticket system which was recently debuted in New Jersey.

In addition, Kambi recently expanded the scope of its price differentiation tool, which now gives operators the freedom to adjust the competitiveness of their betting margins across all major US sports.

Kristian Nylen, Kambi Chief Executive Officer, said: “For two decades, Kambi has been at the forefront of sportsbook innovation, releasing products and enhancements that have raised the bar in user experience, which ultimately drives greater returns for our operators.

“When we considered how the market priced the classic teaser, we felt the processes involved had failed to evolve with the wider industry, or kept pace with technology, therefore we identified and implemented a more efficient and transparent way of offering these bets.

“Kambi’s Teaser+ has the potential to fundamentally change how both operators and bettors consider teaser bets, with our modern approach a step away from the current one-size-fits-all system to deliver a fairer and more advantageous price to the player.”

 

 

About Kambi:

Kambi is a provider of premium sports betting services to licensed B2C gaming operators.  Kambi Group plc is listed on First North at Nasdaq Stockholm. Our services encompass a broad offering from front-end user interface through to odds compiling, customer intelligence and risk management, built on an in-house developed software platform. Kambi’s 22 customers include DraftKings, Rush Street Interactive, ATG, Kindred Group, 888, LeoVegas, Mr Green and Napoleon Games. Kambi employs more than 600 staff across offices in Malta (headquarters), Bucharest, London, Manila, Stockholm and Sydney.

Kambi utilises a best of breed security approach, with guiding principles from ISO 27001. Kambi is eCOGRA certified. Kambi Group plc is listed on First North at Nasdaq Stockholm under the symbol “KAMBI”. The Company’s Certified Advisor is Redeye AB.


Source: European Gaming Media

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Interblock Announces Corporate Partnership Agreement With Penn National Gaming Including Installations at Over 20 Properties

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Interblock Announces Corporate Partnership Agreement With Penn National Gaming Including Installations at Over 20 PropertiesReading Time: 2 minutes

 

Luxury gaming manufacturer and electronic table game (ETG) market leader, Interblock, announced today their partnership with Penn National Gaming Inc..

The corporate partnership agreement with Penn National will include installations at over 20 properties of the company’s portfolio across the United States, and guarantees Penn National exclusivity on newly released products. Interblock’s extensive product portfolio will allow Penn National to offer Blackjack, Baccarat, Roulette and Craps in an array of formats from Standalone Automated and Video units, BarTops, Live and/or Automated Stadiums and Pulse Arenas.

Interblock’s CEO, John Connelly, said, “Penn National has long been regarded as one of the leading operators in North America and Interblock’s ability to work with an operator of this caliber is incredibly fortunate for our company.  We intend to use a combination of technology and innovation to help Penn reduce operating expenses across their properties, while increasing revenue.

“This partnership allows for Interblock to introduce several product segments designed for various casinos within the Penn portfolio.  Everything from Stadiums to standalone units will be utilized to address the demands within each region.

“We are thankful to Penn National for this opportunity and will work hard to make this partnership a success!”

Amongst the first properties to install as part of the deal are Hollywood Lawrenceburg, Ameristar East Chicago and Hollywood Toledo. Each property will install Interblock’s industry leading Diamond Stadiums, which attract existing and new players alike to the next generation of gaming.

The Diamond Stadiums are completely customizable to work with each casino’s unique floorplan and customer base. An unlimited number of play stations can be connected to a single table or generator, providing operators with an effortless way to generate revenue while simultaneously reducing operator expenses. Configured with dealer assist tables, automated generators and/or video generators the stadiums provide Multi-hand Blackjack, Baccarat, Roulette and Craps games to patrons from a single play station. Operators are able to turn a dealer assist table into an automated stadium with the touch of a button during non-peak hours allowing for non-stop revenue generation.

“We’ve long been fans of Interblock’s electronic table games products and are pleased to be able to offer them at more than 20 of our company’s leading properties,” said Dan Cherry, Vice President of Gaming Operations for Penn National Gaming.

 

About Interblock:

Interblock® is a worldwide leading developer and supplier of luxury electronic table gaming products. Its multi-player gaming devices set industry standards and provide the ultimate in luxury interactive entertainment experiences. The Interblock brand is globally recognized for diamond quality gaming solutions and technical support in more than 200 jurisdictions. Interblock’s exclusive collection of fully and semi-automated electronic gaming tables and video gaming solutions provide casinos, arcades and gambling halls with superior product performance and their guests with an unforgettable gaming experience. For more information, visit www.interblockgaming.com or call +1 (702) 260-1384.

About Penn National Gaming:

Penn National Gaming owns, operates or has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. Reflecting the recent acquisitions of Pinnacle and Margaritaville, the Company operates 41 facilities in 18 jurisdictions. In total, Penn National Gaming’s facilities feature approximately 50,000 gaming machines, 1,200 table games and 8,400 hotel rooms. The Company also offers social online gaming through its Penn Interactive Ventures division and has leading customer loyalty programs with over five million active customers.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Interblock Announces Corporate Partnership Agreement With Penn National Gaming Including Installations at Over 20 Properties

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iSoftBet gets the party started with Piñata Fiesta

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iSoftBet gets the party started with Piñata FiestaReading Time: 2 minutes

 

Latest title from innovative provider is filled with fun features

 

iSoftBet, the market-leading online and mobile casino software provider, has unveiled its latest fun-filled release, Piñata Fiesta.

The 5×3 slot, has all the ingredients needed for a fantastic fiesta, including guitar symbols, margaritas, as well as a number of colourful characters, and of course, a piñata.

With Popping Wilds, a Mega Spiñata which can fill 3 reels, or Grande Reels with stacked wilds, Piñata Fiesta is one of the most action packed slots in iSoftBet’s portfolio.

If a player smashes the piñata, random features will be triggered, giving players a chance at huge wins. The game also features a Free Spins bonus, during which the random features appear more frequently to take the fiesta fun to the next level.

Piñata Fiesta is the latest release from iSoftBet, following on from the thrilling Book of Immortals, to join iSoftBet’s offering of hundreds of proprietary slot games.

Michael Probert, Chief Commercial Officer at iSoftBet, said: “We are delighted to release Piñata Fiesta, one of the most thrilling and feature-filled slots in the iSoftBet portfolio.

“With its fun-packed reels and colourful characters, Piñata Fiesta promises to be the party slot of the summer.”

As with all iSoftBet games, Piñata Fiesta is supported in both landscape and portrait modes when run on mobile devices and has a wide range of currency and language options.

 

About iSoftBet

iSoftBet is a premium online and mobile casino software and games supplier, providing leading gaming products to some of the world’s largest and most successful brands. With extensive experience and a comprehensive selection of best-performing games, iSoftBet is at the forefront of innovation and our tailor-made solutions are designed to meet our operator partners’ every need.

Our games suite includes a wide range of unparalleled proprietary video slots, table games, exclusive branded games from some of the world’s largest TV and movie production companies such as 24 and Paranormal Activity, and an advanced Game Aggregation Platform (GAP), allowing iSoftBet to offer online casinos rapid, one-time integration to more than 30 of the industry’s leading online and mobile game software providers. iSoftBet games are built using the latest technology including HTML5 desktop and mobile compatible software.

The iSoftBet offering includes a comprehensive back office system allowing operators to create bespoke promotions, offer a wide range of player bonuses and rewards, as well as harvest and track real-time game performance data. iSoftbet is committed to responsible gaming and complies with the most stringent global regulatory bodies. We are licensed in the UK and Alderney and are approved to distribute content in multiple regulated markets including Belgium, Italy, Spain, Portugal and Romania.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: iSoftBet gets the party started with Piñata Fiesta

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VIE.gg Partners with Epsilon to Raise Charity Fund through P2P Esports Betting

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VIE.gg Partners with Epsilon to Raise Charity Fund through P2P Esports BettingReading Time: 1 minute

 

VIE.gg, a member of the Esports Integrity Coalition, has made a partnership with Epsilon Esports to raise money for charities through P2P esports betting between fans and three Epsilon CS:GO players Teodor “SPELLAN” Nikolov, Kia “Surreal” Man, and Nils “k1to” Gruhne.

Each player has chosen an individual charity to support, with Surreal choosing to donate his winnings to Cancer Research UK and k1to picking Holidays From Cancer. SPELLAN has chosen Teach For Bulgaria.

Several times per week, each of the Epsilon players will place a bet of their choosing on a team that they think will win. At the end of May, all total winnings will be tallied and audited, with final donations being made to each charity.

“This is a fantastic initiative between VIE.gg and our players, and we are extremely proud to take part in helping to make the world a better place. The trio, K1to, Surreal and SPELLAN have chosen to donate their winnings to worthy charities that have important meaning to each of them and I know they look forward with great excitement to challenging esports fans.” said, Gregory Champagne, Chief Executive Officer at Epsilon Esports.

Brian Cordry, Head of Esports at VIE.gg, added, “It’s a pleasure to get to work directly with players that genuinely want to make a difference using our website. Each of these guys coming up with a charity that they want to support shows that they care about giving back to both the local and online communities. I’m excited to see how much money the guys can raise for their great charitable causes.”


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: VIE.gg Partners with Epsilon to Raise Charity Fund through P2P Esports Betting

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