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Industry News
BetGames.TV: Stay safe, connected and entertained
The betting world, particularly the sports betting sector, is facing enormous challenges with covid-19 playing havoc with the sporting calendar – yet data suggests that a fresh, adaptable and realigned outlook could increase variety and consumer enjoyment.
A diversified betting portfolio, one that offers a wide range of entertaining games using cutting edge technology, smart business realignment and bespoke solutions can help ease the burden and provide much needed stimuli to the marketplace.
The new reality of the pandemic has shown that companies must tackle the new challenges head-on and with creative, innovative and efficient business models at the forefront of this new way of thinking.
BetGames.TV, a globally acclaimed live dealer betting games service provider has analyzed impressive data showing that a policy of market adaption and business model-reassessment can be beneficial to all service providers in the sector.
The company’s year on year growth has been exponential while data analyzed over the past three months has seen a further surge in demand.
The world of sport is indefinitely suspended as events across the globe continue to be cancelled or postponed and almost half of the world ‘s population has been put in lockdown, essentially barring them from leaving their homes. This gap left in the sports betting sector can and must be filled by online betting products such as live broadcast games, to try to keep a consumer’s life as close to normal as possible. When the current ‘covid-19’ affected economy changes course in the future, the sector will grow in all areas including retail and in physical outlets.
BetGames.TV COO Aiste Garneviciene, an experienced industry expert is optimistic that the crisis will strengthen resolve and provide alternative ways of thinking out of the box when it comes to realigning business models in the online sector. „It is important to remember that while all crisis situations are different, they all end sooner or later, and businesses have to adapt in order to survive and even evolve in some cases “
BetGames.TV is an example of a betting service provider that has embraced these challenging times and collated data has revealed that if correct and adaptable business solutions are found, then barrier to success will be nullified to an extent.
The data gathered reveal that some of BetGames.TV’s most popular products are extremely promising with some games seeing as much as a 600%+ growth on bet counts and above 200% on online player counts. An example of dynamic, speedy and interactive game growth can be seen in the company’s Dice Duel product which has increased by 657%.
„The past few months have been tough across the globe, but it is heartening to know that there are sections of the industry that are showing huge growth and potential, “Garneviciene said.
“Statistics gathered by BetGames.TV from the last few months have shown that the number of new players has increased by 30%. It is obvious that this is influenced by lockdown of sports events across the globe and with everyone confined to their homes, players are looking for alternatives to meet their previous needs and to entertain themselves.
“So now is the time for operators to focus on other betting opportunities. Our games work well with both sports bettors and casino players alike and we see a great synergy between them. Moreover, our player-spend is more than that of the traditional casino player, resulting in them staying longer in the game and betting more often – meaning they are entertained for longer,” she added.
Garneviciene is aware of the devastating effects of covid-19 and understands the difficulty of the situation facing BetGames.TV partners across the world. “We are trying to help our partners to fill the gap by offering a wide selection of games and betting options.”
BetGames.TV offers a wide variety of fun, entertaining and structured risk and reward outcome-based games. The live games have the look and feel of a live sports match with odds changing during games.
Sports, and life, will return to normal sooner rather than later and it is vital that companies step in now to fill the gap, and create lasting brand names.
One final word from Garneviciene, “We are stronger when we are together.”
Industry News
IGT Achieves Improved ESG Score from FTSE Russell
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International Game Technology PLC announced that it has achieved an environmental, social and governance (ESG) Score of 4.3 out of 5.0 from FTSE Russell, positioning IGT in the 97th percentile within the Travel and Leisure sector of FTSE Russell’s ESG Scores. This was an improvement from IGT’s previous ESG Score of 4.2 out of 5.0 in 2023, demonstrating its ongoing commitment to enhancing ESG performance.
“As a company committed to continually elevating our sustainability practices and leadership, IGT is proud to once again achieve an improved ESG score from FTSE Russell. Through our global Sustainable Play program, we execute sustainable practices and policies throughout our company and this improved score validates our ongoing efforts,” Wendy Montgomery, SVP of Marketing, Communications and Sustainability at IGT, said.
FTSE Russell’s ESG Scores and data model allows investors to understand a company’s exposure to, and management of, ESG issues in multiple dimensions. The ESG Scores are comprises an overall rating that breaks down into underlying pillar and theme exposures. Scores built on over 300 individual indicator assessments are applied to each company’s unique circumstances. The ESG Scores align with the UN Sustainable Development Goals (SDGs), all of which are reflected in FTSE Russell’s ESG framework.
The post IGT Achieves Improved ESG Score from FTSE Russell appeared first on European Gaming Industry News.
Industry News
Super Group Appoints Merrick Wolman to its Board of Directors
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Super Group has appointed Merrick Wolman to its Board of Directors, effective from February 18, 2025.
Mr. Wolman is the Chief Executive Officer of a global finance company and has worked closely with the Super Group executive team for over two decades.
Neal Menashe, Chief Executive Officer of Super Group, said: “We are very pleased to welcome Merrick to the board. His deep understanding of the gaming industry, alongside his wide range of experience in executive roles, will be of great value as we continue to pursue our global growth strategy and build on our successes to date.”
This appointment brings the total directors on Super Group’s board to nine, including five independent directors.
The post Super Group Appoints Merrick Wolman to its Board of Directors appeared first on European Gaming Industry News.
Industry News
Kindred Reports Decline in Revenue from High-risk Players for Q4 2024
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Kindred Group has reported decline in its share of revenue from high-risk players for the fourth quarter 2024 at 2.7% (Q3 2024 3.2%). The percentage of detected customers who exhibited improved behaviour after interventions showed an improvement at 92.2% (compared to 87.3% in Q3 2024). This positive trend is mainly the result of stricter measures across key markets, improved internal processes, as well as the exit from non-locally licensed markets as part of to the acquisition by La Française des Jeux (FDJ) in October 2024. This shift reflects Kindred’s broader commitment to maintaining high regulatory standards and fostering safer gambling practices.
“It is pleasing to see the decline in high-risk revenue during the fourth quarter of last year. We know that the share fluctuates between quarters, but the long-term trend is showing a steady decline. We remain dedicated and focused on improving our systems and processes to ensure we offer our customers a safe and fun experience,” Esther Scheepers, Head of Responsible Gambling at Kindred Group, said.
“The increased focus on responsible gambling by regulators and the industry is welcomed. From our end, we see that by combining our expertise with emerging technologies, we can further enhance detection capabilities. We are currently working on our existing detection system in combination with an additional system that will enable us to integrate more robust compliance features and optimize our overall approach to safer gambling. Furthermore, we are exploring opportunities to expand our research efforts, aiming to support data-driven discussions and looking at emerging trends in consumer protection. All these aspects are important to protect the integrity of the licence model and maintain a level playing field,” Esther Scheepers added.
The post Kindred Reports Decline in Revenue from High-risk Players for Q4 2024 appeared first on European Gaming Industry News.
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