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Kiwis splurge $125m on gambling

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The Department of Internal Affairs pointed an escalation in lottery spending owing to the introduction of new Lotto games which resulted in more winners and bigger Powerball prizes.

The last few years saw Kiwis splurging on Lotto allured by the Bigger prizes. As per the statistics from the Department of Internal Affairs, New Zealanders spent an extra $125 million gambling in the past financial year. Over $2.334 billion was handed over for the four main forms of gambling in the 2016/2017 financial year which comprise lotteries, up 26.8 percent, and non-casino pokie machines, up 3.1 percent.

Spending on racing and other sports betting dropped 1.3 percent and casino betting was down 2.4 percent.

Adjusting for changes in population and inflation, gambling spending increased 1.1 percent to $635 per person for the year.

The take from NZ Lotteries’ product sales increased 26.8 percent from $437m the year before to $555m in 2016/17.

That worked out to an average $151 per person. The Lottery Grants Board approved $235m in grants for community services and projects.

As revealed by a Lotto spokeswoman, “Sales for 2016/17 were driven by successful product changes, which resulted in unprecedented Powerball jackpots, together with a range of digital enhancements and a strengthened brand presence in retail. The financial year also saw two Must Be Won Powerball draws during the year, with New Zealand’s biggest-ever jackpots of $40m and $44m.”

Pokie machine spending increased 3.1 percent to $870m. But adjusted for inflation and population changes, the per-person amount dropped a fraction, from an average $240 to $237.

The take from the country’s six casinos decreased 2.4 percent to $572m.

SkyCity, with four of New Zealand’s six casinos, said reduced international business turnover affected gambling revenue.

Andree Froude, the spokeswoman for the Problem Gambling Foundation, said her organisation was most concerned about the more harmful types of gambling, such as pokies.

More information was needed to know why the amount spent on them had lifted.

She said there had been a couple of years where the spend had been trending down despite population growth and inflation but it was now holding.

“It is not  tourism, it is not  economic growth and it certainly is not  people having more money to spend because these pokies are in our poorer communities.”

A “sinking lid” – the practice of not issuing new licenses for machines – was not enough, she said.

Economist Gareth Kiernan, of Infometrics, said it was hard to say what relationship gambling had with the economy.

He said some gambling types might be a “normal good”, which meant people spent more on it when they had more income, while other types might be an “inferior good”, which people turned to when they had less.

“These changes occur in the context of the broader and longer-term gambling environment and economic environment.”


Source: European Gaming Media and Events

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NSoft brings iGaming Future to february London event

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NSoft brings iGaming Future to february London eventReading Time: 1 minute

 

The sports betting technology provider NSoft will be showcasing its comprehensive suite of products including a full Sportsbook platform, Virtual games and the latest innovations in AI solutions at ICE London 2019.

NSoft’s Self-Managed Pre Match application is fully integrated into Seven Platform and gives the betting operators full autonomy of sports events creation, odds management and risk management. Except for already supported option of importing Betradar Unified Odds Feed, the customer has the ability to manually create any sport, tournament, market and event, as well as to resolve the markets.

The upcoming ICE London 2019 is the only B2B gaming event that truly brings together the international online and offline gaming sectors. During this event, held from February 5 to February 7, 2019, NSoft’s focus shall be on promotion of new products and comprehensive business solutions.

NSoft team is performing the latest product polishing before presenting it to the industry’s leading stakeholders. This year we shall be hosting you on our stand with impressive design and demo zones.

Don’t miss out on the chance to find out more about NSoft’s products. Please meet us at Stand S1-260. Book a meeting with our team or contact sales@nsoft.com.

 


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: NSoft brings iGaming Future to february London event

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PointsBet enters the legal New Jersey betting market

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PointsBet into the legal New Jersey betting marketReading Time: 1 minute

 

PointsBet has launched its online sports betting platform in New Jersey, had become the ninth operator to enter the legal New Jersey sports betting market. PointsBetting is essentially a high-risk form of spread-betting that rewards players with more money.

The company explained how PointsBetting works: “If a user bets $10 on the over, and the total ends 10 points over, that nets users $100. Stop-loss settings are able to be set by a bettor if they wish to limit their win and loss position. Users will still be able to make fixed odds wagers, which give a simple win-or-lose scenario.”

New Jersey residents can access PointsBet in web browsers via PointsBet.com or by downloading the PointsBet mobile app for Android or iOS.

Johnny Aitken, PointsBet US CEO said: “We’re extremely excited to bring PointsBet’s premium and game-changing sportsbook and signature betting options to the US.

“By offering some of the world’s sharpest betting offers and prices, we have the back of all sports bettors, no matter how sophisticated they are, and we’re serious about offering a one-of-a-kind VIP betting experience.”

PointsBet is also partnered with Tioga Downs Casino in New York and will launch sports betting operations in New York if the state moves to legalise sports betting.

 


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: PointsBet enters the legal New Jersey betting market

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FDJ aims digital transformation to fuel its development

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FDJ aims digital transformation to fuel its developmentReading Time: 2 minutes

 

FDJ Group announced €15.8 bn in player stakes in 2018. FDJ distributed €10.7 bn to players, a return rate of nearly 68%, an increase close to 1 point over 2017.

Stéphane Pallez, Chairman and Chief Executive Officer of FDJ Group said “The continued growth in player stakes reflects the good execution of our FDJ 2020 strategy around areas such as innovation and digital, enhancing the appeal of our games and distribution channels. 2018 has been characterised by numerous successes, notably Mission Patrimoine games, illustrating FDJ’s redistribution model. These results underpin our ambition to anticipate changes in the gaming and entertainment sector to increase the Group’s leadership with richer and innovative gaming experiences”.

 The FDJ 2020 strategic plan aims at accelerating the Group’s digital transformation to fuel its development. In 2018, the group got benefited from increase in digitalisation of all games. This success confirms our strategic goal of reaching 20% by 2020. This digital growth was driven by online gaming as well as electronic player stakes at points of sale.

ParionsSport sports betting posted strong gains in player stakes. FDJ is one of the Top 10 sports betting operators worldwide. Player stakes recorded during the World cup reached €333 m, an increase of +75% over the 2014 event, mostly attributable to the French team’s performance. The overall trend remained strong, with +8% growth in non-World Cup player stakes.

ParionsSport also signed major four-year partnerships with four leading French football clubs (Olympique de Marseille, Olympique Lyonnais, AS Monaco, and FC Nantes), and launched the “Parions Club” challenge with each of them, giving the top punters in each club a VIP treatment in stadiums or at points of sale, in addition to their winnings.

Player stakes in lottery, instant lottery and draw-based games, grew 1.1% to €12,770 m. Player stakes on instant lottery games (scratch-card games in point of sale and digital) continued to grow, +3.2% to €7694 m.

Digitalisation drives growth in all lottery games, whether instant lottery or draw-based games. On-line lottery games were up +12% thanks to the steady increase in new players, with close to 1.9 million players at the end of 2018, and very frequent marketing events in the online gaming portfolio, with a launch, a relaunch, or a modification every week.

In 2018, FDJ stopped charging rent for point of sale equipment and started paying commission on promotional and free coupons. This year, a new commission structure has been introduced, with different rates across the various product lines and price ranges. In this context, net commissions earned by FDJ retailers were €785 m in 2018, up 5.7% on 2017.

After internalising its sales force and setting up its own logistics, FDJ has completed its business transformation and has direct control of its network.

The Group has continued to make substantial investments in points of sale, specifically in technology and equipment.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: FDJ aims digital transformation to fuel its development

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