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PARX CASINO persuades the Keystone states regulators to confine the number of IGOs in the state

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In an effort to confine the number of Interactive Gaming Operators (IGO’s — aka skins) that can establish shops in the State of Pennsylvania, Parx Casino Bensalem, the largest casino complex based in Pensylvania owned and operated by the Greenwood Gaming and Entertainment (GGE), persuaded the regulators of the state.

Parx: One skin per certificate holder

As per a  letter discovered by Gambling Compliance Research Director, Chris Krafcik, on January 30th, GGE  beseeched the keystone state’s  Gaming Control Board (paywall) to confine specifically each incoming internet gambling certificate holder (understood to be the land-based casinos that currently possess a license to conduct brick & mortar business in PA) to one skin per establishment; and that all branding should directly correlate to the main license holder.

GGE argued “The contrary scenario — whereby a Certificate Holder can have unlimited skins with it bestowing the ability to operate with any number of Interactive Gaming Operators (“IGOs”), some perhaps in partnership with third-party Qualified Gaming Entities and utilising the third party’s brand — creates a sublicensing regime that essentially transfers licensing authority from the PGCB to the Certificate Holder.”

In addition, GGE clings to the belief that the Board “should require that any branding associated with those skins match the brand of the Certificate Holder’s commercial casino operating under its PGCB slot machine license.” The entire email correspondence from GGE to the Gaming Control Board is available here.

The mandates suggested by GGE would essentially block sub-licensees (such as PokerStars, Betfair, and WSOP) from marketing their brands in Pennsylvania while locking-down the state’s future iGaming market in favour of a handful of large casinos with major brand power and customer databases in Pennsylvania. Parx Casino would, of course, be a primary beneficiary of such a policy, as it is the long-standing revenue leader in the PA brick & mortar casino industry.

Parx Casino is joined by Hollywood Casino Grantville, parent company Penn National, in its view that Pennsylvania should not adopt a similar strategy to neighbouring New Jersey, where iGaming revenue has consistently risen as more IGOs have entered the picture.

Response from iDevelopment and Economic Association

The iDevelopment and Economic Association (iDEA – which encompasses iGaming power brokers such as The Stars Group, GVC Holdings (parent company of Party Poker), Resorts Interactive and Tropicana Entertainment) has responded to GGE’s lobbying efforts with its own communication to the Pennsylvania Gaming Control Board.

Not surprisingly, iDEA points to the current New Jersey iGaming model which has provided clear benefits for the health of the industry as well as Garden State residents through additional tax revenue.

“By allowing multiple skins per license, Pennsylvania will encourage robust competition among operators,” iDEA states in its letter to the PGCB.

“To compete with larger casinos, smaller casino operators might partner with both poker and table game operators under separate skins to provide innovative products under larger brand names,” iDEA adds. “Without the availability of multiple skins, they would be unable to do so. That competition and innovation will result in higher revenue for the state and greater satisfaction for players.”

 Thoughts and analysis

There is truth to iDEA’s arguments, as the allowance of multiple skins does encourage competition, ultimately resulting in a healthier environment for both operators and players. In New Jersey, there’s been a clear appetite for more sites than there are casinos, with brands such as Betfair and Play Sugar House gaining significant market share, all while bolstering the revenue of smaller Atlantic City brands.

In Pennsylvania, limiting the number of skins will be highly discouraging to smaller casinos, as the licensing fee to become an iGaming certificate holder for slots, table games, and poker is set at an outlandish $10 million (or $4 million per vertical). It is hard to foresee lesser land-based casinos getting too excited about paying this exorbitant amount for just one or two sites, especially for online gambling services that offer slots, which will be taxed at an unprecedented 54 percent of Gross Gaming Revenue.

Not to mention, if the sites are required to be self-branded, big brands like Parx will have a built-in advantage at launch, further discouraging smaller brands from taking a shot. This will be a shame, as smaller brands have proven more successful than the top dogs in New Jersey over the long haul — a fact we assume Parx is well aware of.

Ultimately this feels like a power grab from Parx, who will be a reluctant participant in the iGaming industry, and is looking to protect its industry-leading brand by all but preventing its competitors from entering the space.

The Pennsylvania Gaming Control Board will have the last say on this developing story as Keystone State residents anxiously await the 2018-2019 rollout of real money internet gambling.

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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