Latest News
The Benefits Of Early Payouts With Altenar’s Sportsbook Software
Early payouts are often attributed to online gambling and sports betting and as a result some punters, gamers and bettors have come to expect this addition or benefit from their operators … though, as not all operators offer this kind of promotion or only offer it infrequently it seems like a pie in the sky idea that Altenar are rolling out early payouts as an addition for their sportsbook software providers and in turn, some very happy customers, but Altenar are coming through for their clients once again.
Altenar are a sports betting provider and offer clients a host of tremendous benefits already, from access to several data providers, lower latency times, access to Esports content and risk management capabilities … and, as of 2022 Altenar’s software will be able to offer bettors the all-important, somewhat, supposedly mythical benefit of early payouts.
So, what is an early payout? … it simply means that the operator will payout the sum of your winnings should the team or outcome of the event you placed a bet on before the end of the match or game appear to be winning. For instance, they are 2 goals ahead in a football/soccer match.
As Altenar begins to harness early payouts for their operators there are many benefits to this feature for both operator and bettor alike.
So, what can the benefits of early payouts be?
Not To Be Confused With…
Early payout vs cash out options, the two can often be confused with one another though the benefits are not related in any way.
Early Payout is an automatic action and gets paid in full should the events of the match appear to have one clear winner and the bet wouldn’t have won any more money had it stayed in play throughout the entire event.
Cashing out is entirely at the request of the gamer should the events of a match be in the favour of the bettor.
In line with that, early payouts hold a host of benefits for operators and bettors and here’s the cream of the crop of those benefits.
For Operators, For Punters
For the operators, early payouts enable them to close their books and remove the availability for any more bets to be placed on that event. Given the mandate for early payouts, being that there is a clear winner, preventing any further bets means new gamers can’t place bets knowing there will be a large win at the end of the event. This would eradicate the premise of sports betting being a game of chance.
Operators can benefit from having the betting event close without losing customers and keep returning clients happy, who are likely to reinvest in forthcoming sporting events as the early payout reduces any large revenue losses for operators and bettors alike.
Bettors like early payouts because it’s a guaranteed insurance on their bet, given they picked the correct outcome or goal-number ahead of time. For this reason, as Altenar adds early payouts to their sportsbook software in 2022, bettors and operators are able to access a mutually beneficial system that peaks the interest of countless gamers around the world.
If you’re looking to access early payouts and add sports betting to your online business you can visit Altenar’s website today and discover why they’re where stability meets flexibility.
Speak to one of their professionals today and request a demo of their sportsbook software.
Compliance Updates
UKGC Launches Latest Consultation on Gaming Machine Technical Standards
The Gambling Commission has launched a new consultation aimed at making gambling in Britain safer and fairer.
This is the Commission’s third consultation to implement proposals from the 2023 Gambling Act Review White Paper High stakes: gambling reform for the digital age.
The consultation, which will run for 16 weeks (from 29 January 2025 to 20 May 2025), is focussed on the gaming machine technical standards and the related testing strategy. It includes proposals to:
• introduce five new standards, a licence condition and a social responsibility code provision designed to support and empower consumers to use gaming machines safely at every stage of the customer journey – this includes proposals on time and monetary limit setting functionality and information provision such as safer gambling messaging and the display of net position and session time
• amend three existing standards having considered industry proposals to improve customer enjoyment and gameplay
• consolidate the existing 12 gaming machine technical standards into a single standard, whilst amending the format to be more consistent with our Remote gambling and software technical standards for greater clarity
• update the gaming machine technical standards and the related testing strategy to remove obsolete material.
Tim Miller, Gambling Commission Executive Director for research and policy, said: “The White Paper sets out that a top priority is ensuring that gambling happens safely. We share this commitment and today’s consultation proposes how we could implement gaming machine changes in the land-based sector.
“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 UKGC Launches Latest Consultation on Gaming Machine Technical Standards appeared first on European Gaming Industry News.
Compliance Updates
Permanent Secretary for the Economy Visits MGA Offices
On Tuesday, 28 January 2025, the newly appointed Permanent Secretary within the Ministry for the Economy, Enterprise, and Strategic Projects, Mr Godwin Mifsud, paid an official visit to the Malta Gaming Authority (MGA/Authority) offices at SmartCity. He was greeted by MGA CEO Charles Mizzi, alongside members of the MGA Executive Committee and staff.
During his visit, Mr Mifsud was given a tour of the Authority’s offices and had the opportunity to engage directly with team members from various departments. These interactions provided him with a deeper understanding of their responsibilities, the core functions of each department and the challenges they face in their day-to-day work.
The MGA CEO outlined the Authority’s strategic direction to Mr Mifsud and shared details of key projects currently underway, as well as those planned for the future.
The post Permanent Secretary for the Economy Visits MGA Offices appeared first on European Gaming Industry News.
Latest News
TENTENSEVEN MARKETING AGENCY LAUNCHES WITH €500K INVESTMENT FROM THE UNIT
As part of The Unit’s company restructure, its highly successful in-house marketing division will be launched as an agency serving iGaming and sports betting industries
The Unit, a leader in product design and development for sports betting and iGaming, has invested €500,000 to launch marketing agency tentenseven. This exciting transformation of The Unit’s in-house marketing division marks the latest step in its growth strategy and expansion roadmap.
Following an expansion in The Unit’s marketing offering, the marketing team will now operate as tentenseven, which will stand as its own entity. On top of paid search and marketing planning, tentenseven will offer SEO, PPC, social media, brand strategy, editorial content, influencer marketing services and social media production among its many areas of expertise.
Feargal Byrne, Director of Strategic Marketing at The Unit, will head up the new phase of growth at tentenseven as Director of iGaming, Ecommerce and Fintech.
In January, The Unit announced a refresh of its visual brand identity, including a new company logo and redesigned website, which reflected the company’s recent growth and ambitious expansion plans. These expansion plans were signified by the recent opening of The Unit’s North American hub in New York City. As part of the brand refresh, the company is focusing on product design and development, with the marketing side of the business now operating as a standalone agency.
Paddy Casey, Co-founder at The Unit, said: “After kicking off 2025 with our brand refresh, we are redefining our structure as a business. With additional funding in place, we think now is the right time for tentenseven to stand in its own right as a marketing leader in the industry. With this investment, tentenseven has the means to grow and maximise its potential in the coming years. We expect to see tentenseven expand in the short and long-term, just as we expect with The Unit.
“In his time with The Unit, Feargal has demonstrated his ability to help clients develop their marketing strategies, establishing channel-level approaches across PPC, social and SEO. Feargal is perfectly positioned to run tentenseven and steward the company into this new and exciting era.”
Feargal Byrne added: “I am delighted to be given the opportunity to lead tentenseven as Director of iGaming, Ecommerce and Fintech.
“This is an exciting period for The Unit as a company, and with this significant investment, tentenseven will have the capability to expand and make further headway in the market. That’s great news not just for us, but also for our clients. I can’t wait to get started on this project with the team and I look forward to putting our plans for tentenseven into action as quickly as possible.”
The post TENTENSEVEN MARKETING AGENCY LAUNCHES WITH €500K INVESTMENT FROM THE UNIT appeared first on European Gaming Industry News.
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