Latest News
ITL rapidly expand CashGenic suppliers throughout Europe
CashGenic, the hygienic cash automation kit from Innovative Technology, enables customers to pay with cash both safely and hygienically. Since it was first launched last year, ITL have secured several distribution suppliers firstly within the UK and now across Europe.
The COVID crisis highlighted the need for businesses to accept cash while maintaining social distancing. Paying by cash carries no fees so remains a popular choice of payment and cash in circulation is still on the increase.
Christian Dieterich, CEO, Perfect Money, provider of innovative payment solutions based in south Germany commented, “We decided to expand our product portfolio to include the CashGenic cash handling system and are proudly building the machines (renamed Vicky) here in Germany. This high-performance, smart cash dispenser has space-saving dimensions so fits onto any counter. Several businesses were surprised to discover that when Vicky was installed, they saw an uplift in cash takings of around 10%.”
“Contactless payment is not only for cashless terminals. With CashGenic customers throw their coins into the machine or slide bills into it.The amount to be paid is entered and the correct change is given out by the device in coins and bills. It provides a safe way to protect your staff and customers without the need to handle cash at the checkout.”Patrick Vandeput, Automation Europe
Commenting on the success of the roll-out, Thorsten Labusch, VP of Sales & Business Development at ITL said, “Using CashGenic gives customers payment choice by allowing those who still want to make cash payments to do so safely whilst eliminating the need for employees to handle cash. In addition, staff no longer need to count cash as the machine automatically does this, therefore saving time and generating greater efficiencies for the business. It also helps eliminate shrinkage and accounting errors as cash handling is automated.”
“Whether at the shift change or at the end of the day, sometimes the cash register is incorrect. There can be losses due to incorrect payment processes or incorrect giving of change – with CashGenic our customers have seen improvements in cash reconciliation, and it is successfully removing the counting time for staff at daily closing.”
Alfred Weichselberger, A.u.S. Spielgeräte
Thorsten continued, “I am delighted to see so many European partners have now committed to supply our unit to enable hygienic cash payments. We currently have several CG partners (Moser Consult Group, DG Automation, Perfect Money, IT Media Consult, A.u.S Spielgeräteand Automation Europe) across Germany, Austria and Belgium and fully expect this list to continue to growwithin Europe.”
“With 12 coins per second, this automatic payment machine is one of the fastest on the market! Speeding up cash payments, means more customers, increased cash and additional profit.”
Dincer Güeney, DG Automation
“CashGenic is the perfect solution at the point of sale. Because it works independently of the existing cash register system it provides a central control of your cash inventory and accelerates and secures all cash processes in day-to-day business.”Thomas Moser, Moser Consult Group
Thorsten concluded, “We are particularly proud of our expansion throughout the whole of Germany, UK, Spain, Austria and Belgium. It clearly shows the demand in the Retail market for cost efficient automatic cash payment systems.”
Compliance Updates
Why stakeholders must be vocal as part of UKGC consultation on gaming machines
As the UK Gambling Commission announces the launch of its consultation on proposed new rules for gaming machines, Nick Arron, lead partner for the Gambling Team at Poppleston Allen urges stakeholders to ensure they are heard
The UK Gambling Commission this week announced the launch of a 16-week consultation, seeking input on proposed new rules for gaming machines in retail venues.
The consultation focuses on technical standards and related testing strategy and aims to improve consumer protection through a number of proposed changes. The consultation is due to end on May 20.
Nick Arron, lead partner for the Betting and Gambling Team at Poppleston Allen, encouraged stakeholders such as operators and licensees to have their say on what impact these proposed changes will have, including the potential costs.
He said: “Robust stakeholder engagement is an important part of this progress. It’s important that operators have their say so that the regulatory framework balances both consumer safety and industry sustainability.
“Changes will require affected businesses to update their processes and technologies to ensure that any changes are not only implemented by the required date but also properly enforced.
“As this consultation progresses, operators will need to weigh the implications of adopting these new standards, not least the cost. While the intention is to enhance consumer protection, businesses must carefully assess the operational and financial implications of the proposed changes.
“While the Gambling Commission’s initiative is a positive step in prioritising consumer safety, the real challenge will be ensuring that the proposed regulatory adjustments are manageable for businesses already operating under thin margins.”
Tim Miller, Gambling Commission executive director for research and policy, said: “We recognise that regulatory changes that impact the design of machines can come with considerable costs.
“We are encouraging consumers, gambling businesses and other interested groups to share evidence that will assist us in measuring both the likely regulatory impacts of the proposed changes and the likely costs of implementing them.
“This evidence will be invaluable to helping make a robust assessment on whether the benefits to consumers are proportionate to the costs involved.”
The post Why stakeholders must be vocal as part of UKGC consultation on gaming machines appeared first on European Gaming Industry News.
Balkan's
Pateplay’s newest partner in Bosnia and Herzegovina
Pateplay is thrilled to unveil its latest strategic partnership with WWin, a premier online operator in Bosnia and Herzegovina.
Martin Yonovski, BDM & CMO at Pateplay, on the collaboration: “Partnering with WWin is a significant step forward for Pateplay. We’re eager to combine our strengths and expertise, and we’re confident this collaboration will open new doors for growth and huge success for both parties”.
Through this alliance, Pateplay is further accelerating its global expansion efforts, poised to achieve extraordinary milestones and deliver unparalleled experiences to players worldwide.
The post Pateplay’s newest partner in Bosnia and Herzegovina appeared first on European Gaming Industry News.
Compliance Updates
GoldenRace fuels growth in Europe with renewed MGA certification
GoldenRace, leading provider of award-winning Virtual Sports and betting solutions, is thrilled to announce the renewal of its Maltese certification, successfully tested by BMM lab and approved by the Malta Gaming Authority (MGA). This renewed certification keeps unlocking opportunities in Romania, Poland, Serbia and other MGA-regulated territories, giving operators a golden ticket to tap into new revenue streams in highly regulated markets.
In Romania, where 88% of the population has internet access, the online gambling market is thriving, offering significant opportunities for operators to attract a tech-savvy audience. Serbia, ranked 8th in Europe for gambling revenue, continues its rapid expansion with over 2,200 betting shops and a flourishing online gambling sector. Meanwhile, Poland’s well-regulated and mature market is a compelling destination for operators seeking sustainable growth.
Any games that have been approved under its newly recertified license in Malta, are also eligible for inclusion under its Class II license in Romania, upon the successful completion of the ONJN approval process. While this certification eases the path in these markets, local regulators may require additional approvals. Operators are advised to present these certifications to their respective regulatory authorities to ensure seamless compliance.
Markets on the rise demand winning content
Compliance may open the door, but content is what keeps players loyal. GoldenRace is helping operators target new demographics and grow market share by offering an incredible portfolio of certified games.
In markets such as Romania and Serbia, football is the main revenue force. GoldenRace continues to dominate this space with its newly certified football games, including its most new football format and games such as Football League, World Cup, Euro tournaments (Champions League & Euro League), La Libertadores and Single Soccer.
With online sports betting making up 58% of Romania’s gambling market and Serbia’s sports betting sector projected to grow by 4.93% between 2025 and 2029, GoldenRace has certified games such as Penalt2Win, Basketball 3×3, Horse and Greyhound racing, MMA (Single & Tournament) and several thrilling motor racing titles, such as Grand Prix Indianapolis 60, Motorbike and Speedway racing.
Eastern Europe’s enduring love for number-based games creates another profitable avenue for operators. Certified games such as Keno & Keno Deluxe, Spin2Win (Royale & American) and Perfect6 are designed to meet the unique preferences of players in these regions.
Insights show that players in Poland and neighboring regions prioritise financial rewards, with 56% listing it as their top motivator for gambling. For those players seeking big payouts potential, Crash Games are leading the charge. After a stellar debut in GoldenRace’s Crashmas campaign, games like Jet Escape, Boom Ball Juggle, Fire Crash, Bank Run and Meteoroid are now part of the certified portfolio.
The post GoldenRace fuels growth in Europe with renewed MGA certification appeared first on European Gaming Industry News.
-
gaming2 years ago
ODIN by 4Players: Immersive, state-of-the-art in-game audio launches into the next generation of gaming
-
EEG iGaming Directory8 years ago
iSoftBet continues to grow with new release Forest Mania
-
News7 years ago
Softbroke collaborates with Asia Live Tech for the expansion of the service line in the igaming market
-
News6 years ago
Super Bowl LIII: NFL Fans Can Bet on the #1 Sportsbook Review Site Betting-Super-Bowl.com, Providing Free Unbiased and Trusted News, Picks and Predictions
-
iGaming Industry7 years ago
Rick Meitzler appointed to the Indian Gaming Magazine Advisory Board for 2018
-
News6 years ago
REVEALED: Top eSports players set to earn $3.2 million in 2019
-
iGaming Industry7 years ago
French Senator raises Loot Boxes to France’s Gambling Regulator
-
News7 years ago
Exclusive Interview with Miklos Handa (Founder of the email marketing solutions, “MailMike.net”), speaker at Vienna International Gaming Expo 2018