Connect with us

News

Paddy Power Betfair to acquire FanDuel

Published

on

Reading Time: 2 minutes

Paddy Power Betfair plans to merge its U.S. business with FanDuel, a fantasy sports company. This move is ostensibly to target the U.S. sports betting market.

A U.S. Supreme Court ruling on Monday paved the way for states to make sports gambling legal after it struck down a 1992 federal law that had barred gambling in most places.

Paddy Power revealed that discussions with FanDuel are continuing and there was no certainty as to whether an agreement would be reached.

Paddy Power shares, which rose sharply after the U.S. Supreme Court ruling, were up 5.4 per cent at 0815 GMT.

Firms like Paddy Power Betfair are looking for growth opportunities to offset the increasing cost of regulation in established markets such as Britain and Australia.

Paddy Power Betfair runs the leading U.S. horse racing television and betting network and has an online casino business in New Jersey which contributed $140 million or around 6 percent of its revenue last year.

It entered the U.S. fantasy sports market last year with a $48 million acquisition of early-stage operator DRAFT.

FanDuel was part of merger discussions last year with rival DraftKings but that plan was scrapped after a legal challenge by the U.S. Federal Trade Commission over fears that the combined company would control more than 90 percent of the U.S. market for paid daily fantasy sports contests.

Leading fantasy sports companies have faced regulatory challenges in several states and scrutiny by officials who question whether paid daily games amount to gambling.

FanDuel was valued at more than $1 billion before the crackdown began. Legal Sports Report (LSR), which first reported that Paddy Power Betfair was close to completing the deal, said it appeared likely to be below that valuation.

Analysts at Davy Stockbrokers said the deal would hand Paddy Power Betfair an extremely well recognised U.S. brand, an award-winning technology platform that can be converted to offer real money betting and a database of over 6 million U.S. customers.

FanDuel would gain access to Paddy Power Betfair’s pricing models, risk and trading expertise, potential distribution via its U.S. businesses and expertise in cross selling, they said.

 “For both sides, a deal would make a huge amount of sense strategically and on the face of it, an amalgamated business would represent a powerful combination in the U.S. sports betting market,” Davy analysts wrote in a note.

Modern fantasy sports started in 1980 and have exploded online through a faster, daily version of the season-long game where participants draft teams for a single game, enabling them to spend money on contests more frequently.

Source: reuters.com


Source: European Gaming Media and Events

News

EGT Interactive – new game release in dice family

Published

on

EGT Interactive - new game release in dice familyReading Time: 1 minute

 

Autumn is here again! In all its shine, with all the warmth nuances of the colors and that divine aroma that touch the senses, with that expectation for something new.

This October, following that mood, EGT Interactive is happy to announce that another member in its dice games family is already live – Imperial Dice.

Just like its origin (Imperial Wars) this multiline slot is with conquering taste. But all the symbols are like dices! Their variety in this lavish 5-reel, 20-line game is full and quickly lead to high paying wins. The slot consists of 12 cards – 1 of which is Wild, 1 is Extra Spin and 1 is Scatter. Free spins and a four-level mystery Jackpot are featured too. Available on Desktop.

 

About EGT Interactive:
EGT Interactive is a Bulgaria-based gaming provider that brings the 15 years of experience of the EGT’s land-based casino slots to the world of online casino games. The company is growing rapidly through constant innovation, consumer-centric approach and top-notch support. Every single aspect of the company’s products is designed in line with the customer needs. The EGT games are based on an attractive Return-to-Player (RTP) strategy, which has proven to increase the player lifetime value.

 


Source: European Gaming Media

Continue Reading

News

FeedConstruct revolutionizes live scouting with AJNA

Published

on

FeedConstruct revolutionizes live scouting with AJNAReading Time: 2 minutes

 

 The data feed solutions provider of BetConstruct presented a more refined and accurate solution for data scouting.

 

Contemplating the ways of providing sporting data in a faster and more efficient manner, the company developed a feed solution enhanced with AI/ML called AJNA which was unveiled at Sportel Monaco. Translated as a third eye, it is an augmented live video streaming which recognizes gameflow of the sporting events, providing advanced player tracking in live mode and collecting more technical data to create new unique markets to bet on.

“Machine learning penetrates IT sectors and as a forward-looking company, we seek the ways to infuse our solutions with methods of automated data analysis. The concept of our solution bares its roots for Hindu tradition, the third-eye chakra called AJNA specifically. The on-field observation of a scout provides rather accurate data, whereas the augmented streaming reveals insights to the gameflow that a human eye can’t see. With AJNA, we enrich our sports betting offering with additional augmentation and a more statistical data gathered.” – commented our Founder and CEO Vigen Badalyan.

The solution consists of a single or double camera setup. As they deliver the streaming, AJNA solution does an auto field geometry detection from the video. Within a few minutes, the powerful eye of FeedConstruct identifies field scheme and corners having video frames transformed and sent to the tracking system one by one. Right after, players and ball detection comes into force. AJNA does a custom clusterization on sequences of images for each detected player in order to classify them to a team or referee group. During the match, AJNA recognizes full gameflow including events like ball possession, danger and many more. It also offers an extended personal tracking like player’s speed or distance run per game. Such collected statistics can be converted into a number of exciting markets to bet on.

As for now, FeedConstruct has developed AJNA to provide a full live on-field coverage of football with a further intention to expand the coverage for more sports types.

 

FeedConstruct is a digital content provider offering real-time data feed solutions perfectly tailored to capture and entertain any audience. Among our solutions is

Friendship platform, an exclusive offer for federations and sports content providers allowing them to deliver streamings from events to 300+ betting operators to purchase. FeedConstruct’s Live Scouts’ reporting combines fast and secure communications to provide accurate and reliable information. Based on our scouts’ reporting, we also provide highly efficient Odds Feed service. For a wide variety of sports data we have Statistics service. To perfectly engage any audience, we provide Live Sports Video Streaming service.


Source: European Gaming Media

Continue Reading

News

Sportradar releases official response to Independent Review of Integrity in Tennis

Published

on

Sportradar releases official response to Independent Review of Integrity in TennisReading Time: 3 minutes

 

Sportradar, the world’s leading provider of data, content and integrity solutions, has published its response to the Independent Review of Integrity in Tennis report, released in April this year, which proposed recommendations for addressing the sport’s integrity issues.

 

Within the response, Sportradar has supported the majority of the Panel’s recommendations but outlined concerns in relation to the recommendation regarding the discontinuance of data sales, stating that this approach would not only fail in practice but would cause further risk to the integrity of the game, with potentially irreversible consequences.

Sportradar Managing Director Group Operations, David Lampitt explained the factors outlined within the company’s response.

“Attempting a total data black-out on a sport has never been done, or even trialed or tested before. Counter evidence and expert analysis indicate that such an approach is likely to have a harmful effect on integrity, which would be hard to reverse if unsuccessful.

“So, the Panel is staking its reputation, and that of the sport, on an uncertain ‘guess’, when there is good evidence that a different approach and an incremental process of implementing enhanced and targeted measures would be more likely to deliver successful outcomes and integrity benefits.

“If the recommendations remain unchanged, they would push the betting market underground where the integrity issues would be out of sight. This may give the veneer of improving the situation but would not deal with the underlying issues. These must not be brushed under the carpet.

“It’s important to point out that the relative risk that the Review attributes to the different levels of tennis is also misleading. In 2017, and consistently over the last four years, ITF tennis has, in fact, had the lowest risk of corruption across all the levels of the professional game, including the Grand Slams.

“Of course, integrity risks exist across all levels. But they are most prevalent at the mid-level of the Men’s game, so the rationale for applying the most draconian measures to the ITF Men’s and Women’scompetitions and recommending relatively modest changes at the other levels doesn’t tally with the evidence.

“Ultimately our interests, like the Panel’s and other stakeholders involved, including the tennis governing bodies as well as the betting companies, are focused on safeguarding a clean sport. We want to be transparent about our submissions as we believe the evidence is important to ensure decisions are not taken that may have unintended and harmful consequences for the sport.”

Sportradar’s recommendations outlined within the response to the Review include:

  1. Implement a proactive tennis-wide approach to restricting data distribution, targeting specific matches with an elevated risk of corrupt activity based on a consistent and analysis-led evaluation. This is something that Sportradar is doing as part of their integrity partnership with the ITF
  2. Create a new body made up of representatives from tennis, betting operators and sports data companies to ensure a more concerted and collective approach to fighting corruption in tennis across related operational areas that should include the application of the above targeted data restrictions
  3. Increase AV streaming coverage, where possible, to help provide reliable evidence
  4. Create new regulations to enable quicker sanctioning based on betting data and expert player analysis
  5. Bring in targeted measures to deal with online abuse of players, especially at lower levels, enabling players to escalate concerns
  6. Use technology to target risks, streamline processes, maximise impact and enhance intelligence-led enforcement action

The Independent Review of Integrity in Tennis was released on 25 April this year after the tennis international governing bodies, the ATP, the WTA, the ITF and the Grand Slam Board appointed an Independent Review Panel to address betting related and other integrity issues facing the sport in early 2016.

Sportradar’s official response to the Independent Review of Integrity in Tennis is available in full here.


Source: European Gaming Media

Continue Reading

Trending

%d bloggers like this: