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Pennsylvania Online Gambling On Track To Launch In 2018, Says Regulatory Chief

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Pennsylvania Online Gambling On Track To Launch In 2018, Says Regulatory ChiefReading Time: 2 minutes

Pennsylvania’s regulated online casino and poker sites are on track to launch before the end of the year, per comments from Pennsylvania Gaming Control Board Executive Director Kevin O’Toole.

O’Toole told lawmakers at a recent House budget hearing that his agency is the process of drafting temporary regulations for online gambling in Pennsylvania, and that he expects the initial application period for licenses to operate online gambling sites to open in April.

 

How many licenses will sell, and who’s buying?

  • PA is taking a unique approach to online gambling licensure.
  • PA is issuing one master online gambling license for every land-based slot license currently issued in the state, for a total of 13 licenses.
  • But PA is also breaking out licenses for individual product classes: slots, table games, and poker. That means there are effectively 39 total licenses in play.
  • Licenses are expensive. Each product license goes for $4mm; a licensee can purchase all three for $10mm.
  • Existing land-based license holders have the first crack at the licenses. They can buy any or all of the individual product licenses.
  • If any online gambling licenses are available after the window of exclusivity for land-based license holders expires (120 days from when applications open), then entities licensed in other jurisdictions can apply to purchase a license.

Given the cost of licenses and the fact that several operators (Parx, Penn National, and Rivers) operate multiple casinos in the state, there are likely to be some leftover license slots for out-of-state entities.

The question of skins continues to cloud picture

One fundamental question left up to regulators that remains unanswered: How many unique brands can operate under a single license?

In NJ’s online casino market, master licenses are limited to the state’s land-based operators. But each master license holder is allowed to enter into partnerships with several unique brands to operate under that license.

For example, the Golden Nugget’s NJ online casino license is also home to Betfair’s NJ casino site and the SugarHouse online casino.

The lack of clarity on this issue in PA is almost certainly impacting the broader licensure and partnership pictures.

Some smaller casinos in the state might pass on a pricey license without the ability to generate additional revenue from subleasing the license. Some out-of-state entities may be holding out on finalizing deals with land-based casinos until they understand precisely what paths to market they have available.

Partnerships forming, but unknowns remain

One of the more interesting dynamics of the PA online casino market is the relative lack of information regarding alliances between the state’s land-based casinos and technology partners.

Right now, only a handful of partnerships are set in stone.

Further complicating the situation is the incredible amount of ownership turnover the state’s casino industry has experienced in the last few months.

Nearly a quarter of the state’s casinos have changed hands since December, with the sale of Sands Bethlehem to an affiliate of the Poarch Band of Creek Indians of Alabama being the most recent transaction.

 

Source: onlinepokerreport.com


Source: European Gaming Media and Events

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Ieva Andersone (Sorainen Latvia) will add her insights about the Latvian gambling industry at MARE BALTICUM Gaming Summit 2019

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The online and land-based gambling industry is well connected in the Baltics and it has been just lately that region has been quoted in several industry media outlets. Especially given the fact that the City Council of Riga, Latvia’s capital, is going to close down all gaming venues in the city, including the downtown and neighborhoods.

A decree had been ordered by Nils Usakovs from the municipality’s Legal Affairs Department and Urban Development Department and the plan is to revoke all gaming venues’ licenses in Riga, except for those given to four- and five-star hotels.

According to the Law on Gambling in Latvia, if the operation of gambling on the particular premises creates a substantial impairment to the interests of the State and the residents of the respective administrative area, the city or the local government council is entitled to terminate the permit to establish a casino, a gambling hall, a bingo hall, a betting or a wagering shop and to operate the respective type of gambling on the particular premises, by means of a reasoned decision.

During the second edition of MARE BALTICUM Gaming Summit, which will take place on the 9th of May at Radisson Blu Royal Astorija Hotel, experts of the industry and regulators will debate the recent actions and will also brief the attending delegates about the regulations in Latvia, Lithuania, Estonia, Sweden, Denmark and the DACH region.

Register here or View the Agenda!

Ieva Andersone, Commercial & Regulatory Practice Group partner at Sorainen Latvia, will join the “Focus on the Latvian and Estonian gambling industry” compliance panel discussion, which is consisted by 2 regulators (Signe Birne – Lotteries and Gambling Supervisory Inspection of the Republic of Latvia, Taivo Põrk – Ministry of Finance, Estonia) and industry representatives from the region.

About Ieva Andersone

Ieva Andersone is a partner at Sorainen, responsible for Commercial & Regulatory practice group in Latvia, including trade regulation, intellectual property & IT law, privacy and data protection, consumer law, competition law, and energy. During her practice, Ieva has made a special focus to clients from Pharmaceutical & Life sciences, and well as Technology & Media sectors, including the gaming industry.

Ieva is a frequent speaker on data protection, privacy, regulatory and compliance matters, and she also regularly provides pro bono assistance for companies in creative industries and for creative personalities.

Make sure you take advantage of this unique opportunity of learning and networking with the gambling industry in the Baltic and Scandinavian region via the MARE BALTICUM Gaming platform which has been launched in 2018 and is committed to bringing together industry shareholders and government officials from the Baltic and Scandinavian region on a yearly base.

Register here or View the Agenda!


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Ieva Andersone (Sorainen Latvia) will add her insights about the Latvian gambling industry at MARE BALTICUM Gaming Summit 2019

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Red Tiger signs SuprNation deal

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Red Tiger signs SuprNation dealReading Time: 1 minute

 

Games portfolio now available across operator’s brands

 

Award-winning supplier Red Tiger has signed a deal with SuprNation to integrate its games with the Nordic operator’s casino brands, including Duelz.

Red Tiger’s portfolio, including hit titles Thor’s Lightning and Pirates’ Plenty, will be made available to players of the gamification-focused website.

Gavin Hamilton, CEO of Red Tiger, said: “We are delighted to be partnering with SuprNation, which operate a number of stellar casino brands.

“Their commitment to innovative features and gamification in particular is something that is very close to our own ethos, and we are looking forward to working with them.”

Henric Andersson, COO and Co-founder of SuprNation, said “Red Tiger offers some of the best products available, and we are delighted to be able to add them to our burgeoning offering.

“We are super excited to be welcoming them across our brands and to roll out their exciting games over a long and fruitful partnership.”

 

 

About Red Tiger:

Red Tiger is a young and dynamic casino games supplier that creates top-performing HTML5 slots and table games. It also offers a bespoke progressive jackpot system, a Smart Spins bonus management application, and its own Tournaments gamification feature to enhance the user experience. Founded in late 2014 by a group of industry veterans from major B2B and B2C gaming brands, the company is growing fast and is now served by over 200 full time staff including mathematicians, graphic designers, software developers, audio engineers, gambling experts, QAs, account managers and secret magicians; all entirely dedicated to continuously improving the slots player experience. Learn more at: www.redtiger.com


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Red Tiger signs SuprNation deal

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Patagonia Entertainment and Iforium sign content partnership

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Patagonia Entertainment and Iforium sign content partnershipReading Time: 2 minutes

 

Patagonia Entertainment has signed a content agreement with Iforium, a leading eGaming software development company focused on providing the next generation of flexible gaming solutions.

The deal will see Patagonia Entertainment integrate its library of proprietary casino content which has been recently certified by international game-testing laboratory, BMM Testlabs. Among the games being added to Iforium’s platform are the hugely popular Super Pachinko and Super Flex Bingo. Patagonia is currently certified for Colombia, Mexico and the Philippines market and is currently working on certifying its games portfolio for the regulated Spanish, Portuguese& UK e-Gaming markets between others.

Patagonia’s content will join Iforium’s innovative Gameflex™ casino aggregation platform, which combines over 8,000+ desktop and mobile gaming titles from all the leading content providers

Patagonia Entertainment’s Global Business Development Manager Victor Arias said: “Iforium is an award-winning eGaming company with cracking casino content. We’re proud to call them a partner and we’re excited about working together as we continue to grow our businesses.”

Phil Parry, Iforium CEO, said: “I am delighted to confirm Iforium’s partnership with Patagonia Entertainment. The addition of Patagonia is another important content differentiator for our Gameflex platform and one which will support our expansion into new markets. I look forward to building our partnership with the excellent team at Patagonia and exploring new opportunities together.”

 

About Patagonia Entertainment:

Patagonia Entertainment is an innovative technology developing company with an Omni-Channel platform and a rich history in producing outstanding Video Bingo games for the e-gaming industry. Video Bingo is a hybrid between Bingo and Slot games. The company has managed to become one of the most popular game developers in the Latin American market and are rapidly growing into other markets. More information about Patagonia Entertainment can be found at www.patagonia-e.com.

About Iforium:

Founded in 2006 and based in the Isle of Man, Iforium is a multi-award winning B2B software development company focused on providing next generation gaming solutions.

Gameflex™ is Iforium’s innovative casino aggregation and seamless bonusing platform. It combines over 8,000 games from 100+ gaming vendors and is available to multi-channel operators via a single and seamless API integration. Iforium are the proud recipient of the EGR B2B IT Supplier of the Year Award and CEEGC Awards 2017 & 2018. Iforium are licenced and regulated by the UK Gambling Commission and by ONJN in Romania. For more information please visit www.iforium.com


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Patagonia Entertainment and Iforium sign content partnership

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