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Scientific Games Shares Expert Opinions on PASPA and Sports Betting Opportunities in the United States

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Scientific Games Shares Expert Opinions on PASPA and Sports BettingReading Time: 5 minutes

Barry Cottle, CEO SG Interactive and incoming President & CEO of Scientific Games, says:

On May 14, 2018 the Supreme Court of the United States overturned the Professional and Amateur Sports Protection Act (PASPA), a decision that opens up a path to legalization of sports betting across the country. This decision will potentially bring about the greatest wave of gaming expansion in the United States in the past 20 years. This is certainly an exciting development for our industry, our customers and our company.

Scientific Games is uniquely equipped to help our customers capitalize on this new sports betting opportunity.

As an end-to-end supplier, we will provide operators with SG Digital’s OpenBet™, a global leading sports platform solution, and our integrated gaming and lottery systems technologies that currently support our customers around the world. I have full confidence that our Digital and Lottery teams will underpin this ruling with world-class customer service and speed-to-market solutions for all stakeholders.

Matt Davey, Group Chief Executive of SG Digital, says:

The U.S. Supreme Court’s decision today creates an unprecedented opportunity for sports betting providers and operators, and most of all sports betting enthusiasts in the US. We’re excited to see this first step toward legalization, and we are well advanced in working with our lottery and gaming partners on solutions to fit their individual needs.

The market growth expected as a result of this decision will have lasting impact on the U.S. gaming and lottery industry, and on the revenues generated for the states that participate.

While the ruling certainly benefits operators and suppliers, it’s also a fantastic development for bettors and players. Soon, they’ll have cohesive, legal, and regulated solutions that allow them to bet in a safe and protected betting environment.

Legalized sports betting is an exciting prospect for Scientific Games, and we ensure that our product offering is fully compliant with all forthcoming regulations. We plan to hit the ground running with our OpenBet product suite and our integrated systems technology to create a seamless experience for our customers and their players.

Pat McHugh, SVP Global Lottery Systems, says:

This is an historic move forward for the U.S. gaming and lottery industry. Legalized sports wagering will allow our lottery customers to provide an entertaining product to their players, all while generating significant revenue for states and lottery beneficiaries.

Beyond the excitement, legal sports betting will offer Americans the ability to place secure bets using trusted technology that meets all regulatory requirements and protects the wager, the consumer and the lottery or gaming organization.

Scientific Games is proud to be a global leader in sports betting and lottery systems technology, responsible gaming and gaming consumer research. We have long awaited this ruling, and are more than ready to help our lottery customers achieve their business goals with the combination of our OpenBet product suite – one of the top sports betting platforms in the world – and our integrated systems technology and expertise, our commitment to responsible gaming, and our deep knowledge of our lottery consumers and marketing strategy.

For more information, see our responses to frequently asked questions.

About Scientific Games:

Scientific Games Corporation (NASDAQ: SGMS) is a world leader in gaming entertainment offering the industry’s broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. The company is #1 in technology-based gaming systems, digital real-money gaming and sports betting platforms, casino table games and utility products and lottery instant games, and a leading provider of games, systems and services for casino, lottery and social gaming. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. 

Forward-Looking Statements

In this press release, Scientific Games makes “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as “may,” “will,” “estimate,” “intend,” “plan,” “continue,” “believe,” “expect,” “anticipate,” “target,” “should,” “could,” “potential,” “opportunity,” “goal,” or similar terminology. These statements are based upon management’s current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors, including, among other things: competition; U.S. and international economic and industry conditions; slow growth of new gaming jurisdictions, slow addition of casinos in existing jurisdictions, and declines in the replacement cycle of gaming machines; ownership changes and consolidation in the gaming industry; opposition to legalized gaming or the expansion thereof; inability to adapt to, and offer products that keep pace with, evolving technology, including any failure of our investment of significant resources in our R&D efforts; inability to develop successful products and services and capitalize on trends and changes in our industries, including the expansion of internet and other forms of interactive gaming; laws and government regulations, including those relating to gaming, data privacy, and environmental laws; legislative interpretation and enforcement, impact of, and ability to capitalize on, any court decision relating to PASPA, regulatory perception and regulatory risks with respect to gaming and sports wagering; reliance on technological blocking systems; expectations of shift to regulated online gaming or sports wagering; dependence upon key providers in our social gaming business; inability to win, retain or renew, or unfavorable revisions of, existing contracts, and the inability to enter into new contracts; protection of our intellectual property, inability to license third party intellectual property, and the intellectual property rights of others; security and integrity of our products and systems; reliance on or failures in information technology and other systems; security breaches and cyber-attacks, challenges or disruptions relating to the implementation of a new global enterprise resource planning system; failure to maintain adequate internal control over financial reporting; natural events that disrupt our operations or those of our customers, suppliers or regulators; inability to benefit from, and risks associated with, strategic equity investments and relationships; failure to achieve the intended benefits of our acquisitions, including the NYX acquisition; the ability to successfully integrate our acquisitions, including the NYX acquisition; incurrence of restructuring costs; implementation of complex revenue recognition standards or other new accounting standards; changes in estimates or judgments related to our impairment analysis of goodwill or other intangible assets; fluctuations in our results due to seasonality and other factors; dependence on suppliers and manufacturers; risks relating to foreign operations, including anti-corruption laws and fluctuations in foreign exchange rates, possibility that the renewal of LNS’ concession to operate the Italian instant games lottery is not finalized (including as the result of a protest); restrictions on the payment of dividends from earnings, restrictions on the import of products and financial instability, including the potential impact to our business resulting from the affirmative vote in the U.K. to withdraw from the EU, and the potential impact to our instant lottery game concession or VLT lease arrangements resulting from the economic and political conditions in Greece; changes in tax laws or tax rulings (including the recent comprehensive U.S. tax reform) or the examination of our tax positions; dependence on key employees; litigation and other liabilities relating to our business, including litigation and liabilities relating to our contracts and licenses, our products and systems, our employees (including labor disputes), intellectual property, environmental laws and our strategic relationships; level of our indebtedness, higher interest rates, availability or adequacy of cash flows and liquidity to satisfy indebtedness, other obligations or future cash needs; inability to reduce or refinance our indebtedness; restrictions and covenants in debt agreements, including those that could result in acceleration of the maturity of our indebtedness; influence of certain stockholders, including decisions that may conflict with the interests of other stockholders; and stock price volatility.

Additional information regarding risks and uncertainties and other factors that could cause actual results to differ materially from those contemplated in forward-looking statements is included from time to time in our filings with the SEC, including the Company’s current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on March 1, 2018 (including under the headings “Forward Looking Statements” and “Risk Factors”). Forward-looking statements speak only as of the date they are made and, except for our ongoing obligations under the U.S. federal securities laws, we undertake no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

Source: Scientific Games


Source: European Gaming Media and Events

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EGT Interactive – new game release in dice family

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EGT Interactive - new game release in dice familyReading Time: 1 minute

 

Autumn is here again! In all its shine, with all the warmth nuances of the colors and that divine aroma that touch the senses, with that expectation for something new.

This October, following that mood, EGT Interactive is happy to announce that another member in its dice games family is already live – Imperial Dice.

Just like its origin (Imperial Wars) this multiline slot is with conquering taste. But all the symbols are like dices! Their variety in this lavish 5-reel, 20-line game is full and quickly lead to high paying wins. The slot consists of 12 cards – 1 of which is Wild, 1 is Extra Spin and 1 is Scatter. Free spins and a four-level mystery Jackpot are featured too. Available on Desktop.

 

About EGT Interactive:
EGT Interactive is a Bulgaria-based gaming provider that brings the 15 years of experience of the EGT’s land-based casino slots to the world of online casino games. The company is growing rapidly through constant innovation, consumer-centric approach and top-notch support. Every single aspect of the company’s products is designed in line with the customer needs. The EGT games are based on an attractive Return-to-Player (RTP) strategy, which has proven to increase the player lifetime value.

 


Source: European Gaming Media

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FeedConstruct revolutionizes live scouting with AJNA

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FeedConstruct revolutionizes live scouting with AJNAReading Time: 2 minutes

 

 The data feed solutions provider of BetConstruct presented a more refined and accurate solution for data scouting.

 

Contemplating the ways of providing sporting data in a faster and more efficient manner, the company developed a feed solution enhanced with AI/ML called AJNA which was unveiled at Sportel Monaco. Translated as a third eye, it is an augmented live video streaming which recognizes gameflow of the sporting events, providing advanced player tracking in live mode and collecting more technical data to create new unique markets to bet on.

“Machine learning penetrates IT sectors and as a forward-looking company, we seek the ways to infuse our solutions with methods of automated data analysis. The concept of our solution bares its roots for Hindu tradition, the third-eye chakra called AJNA specifically. The on-field observation of a scout provides rather accurate data, whereas the augmented streaming reveals insights to the gameflow that a human eye can’t see. With AJNA, we enrich our sports betting offering with additional augmentation and a more statistical data gathered.” – commented our Founder and CEO Vigen Badalyan.

The solution consists of a single or double camera setup. As they deliver the streaming, AJNA solution does an auto field geometry detection from the video. Within a few minutes, the powerful eye of FeedConstruct identifies field scheme and corners having video frames transformed and sent to the tracking system one by one. Right after, players and ball detection comes into force. AJNA does a custom clusterization on sequences of images for each detected player in order to classify them to a team or referee group. During the match, AJNA recognizes full gameflow including events like ball possession, danger and many more. It also offers an extended personal tracking like player’s speed or distance run per game. Such collected statistics can be converted into a number of exciting markets to bet on.

As for now, FeedConstruct has developed AJNA to provide a full live on-field coverage of football with a further intention to expand the coverage for more sports types.

 

FeedConstruct is a digital content provider offering real-time data feed solutions perfectly tailored to capture and entertain any audience. Among our solutions is

Friendship platform, an exclusive offer for federations and sports content providers allowing them to deliver streamings from events to 300+ betting operators to purchase. FeedConstruct’s Live Scouts’ reporting combines fast and secure communications to provide accurate and reliable information. Based on our scouts’ reporting, we also provide highly efficient Odds Feed service. For a wide variety of sports data we have Statistics service. To perfectly engage any audience, we provide Live Sports Video Streaming service.


Source: European Gaming Media

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Sportradar releases official response to Independent Review of Integrity in Tennis

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Sportradar releases official response to Independent Review of Integrity in TennisReading Time: 3 minutes

 

Sportradar, the world’s leading provider of data, content and integrity solutions, has published its response to the Independent Review of Integrity in Tennis report, released in April this year, which proposed recommendations for addressing the sport’s integrity issues.

 

Within the response, Sportradar has supported the majority of the Panel’s recommendations but outlined concerns in relation to the recommendation regarding the discontinuance of data sales, stating that this approach would not only fail in practice but would cause further risk to the integrity of the game, with potentially irreversible consequences.

Sportradar Managing Director Group Operations, David Lampitt explained the factors outlined within the company’s response.

“Attempting a total data black-out on a sport has never been done, or even trialed or tested before. Counter evidence and expert analysis indicate that such an approach is likely to have a harmful effect on integrity, which would be hard to reverse if unsuccessful.

“So, the Panel is staking its reputation, and that of the sport, on an uncertain ‘guess’, when there is good evidence that a different approach and an incremental process of implementing enhanced and targeted measures would be more likely to deliver successful outcomes and integrity benefits.

“If the recommendations remain unchanged, they would push the betting market underground where the integrity issues would be out of sight. This may give the veneer of improving the situation but would not deal with the underlying issues. These must not be brushed under the carpet.

“It’s important to point out that the relative risk that the Review attributes to the different levels of tennis is also misleading. In 2017, and consistently over the last four years, ITF tennis has, in fact, had the lowest risk of corruption across all the levels of the professional game, including the Grand Slams.

“Of course, integrity risks exist across all levels. But they are most prevalent at the mid-level of the Men’s game, so the rationale for applying the most draconian measures to the ITF Men’s and Women’scompetitions and recommending relatively modest changes at the other levels doesn’t tally with the evidence.

“Ultimately our interests, like the Panel’s and other stakeholders involved, including the tennis governing bodies as well as the betting companies, are focused on safeguarding a clean sport. We want to be transparent about our submissions as we believe the evidence is important to ensure decisions are not taken that may have unintended and harmful consequences for the sport.”

Sportradar’s recommendations outlined within the response to the Review include:

  1. Implement a proactive tennis-wide approach to restricting data distribution, targeting specific matches with an elevated risk of corrupt activity based on a consistent and analysis-led evaluation. This is something that Sportradar is doing as part of their integrity partnership with the ITF
  2. Create a new body made up of representatives from tennis, betting operators and sports data companies to ensure a more concerted and collective approach to fighting corruption in tennis across related operational areas that should include the application of the above targeted data restrictions
  3. Increase AV streaming coverage, where possible, to help provide reliable evidence
  4. Create new regulations to enable quicker sanctioning based on betting data and expert player analysis
  5. Bring in targeted measures to deal with online abuse of players, especially at lower levels, enabling players to escalate concerns
  6. Use technology to target risks, streamline processes, maximise impact and enhance intelligence-led enforcement action

The Independent Review of Integrity in Tennis was released on 25 April this year after the tennis international governing bodies, the ATP, the WTA, the ITF and the Grand Slam Board appointed an Independent Review Panel to address betting related and other integrity issues facing the sport in early 2016.

Sportradar’s official response to the Independent Review of Integrity in Tennis is available in full here.


Source: European Gaming Media

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