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Stars Group Inc. has grown in leap and bounds – acquiring 62% equity interest in CrownBet

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The Stars Group Inc. which provides technology-based products and services to the global gaming and interactive entertainment industries publicised the acquiring of a 62% equity interest in CrownBet Holdings Pty Limited for an aggregate amount of approximately $117.7 million, with all dollar ($) amounts in U.S. dollars.

CrownBet, which was launched in 2014 in Australia, claims to be the world’s second-largest regulated sports betting market, and one of Australia’s online sportsbooks which has grown in leap and bounds with unaudited annual revenues escalating  from approximately A$76.5 million in 2015 to approximately A$204.0 million in 2017 and unaudited EBITDA turning positive for the first time in 2017 at approximately A$7.9 million for the year.

In relation, Rafi Ashkenazi, the Chief Executive Officer of The Stars Group said: “We are excited to enter the regulated Australian sportsbook market with CrownBet.” CrownBet has become one of the fastest growing online sportsbooks in Australia through its strong management team, proprietary technology, mobile app, unique partnerships and market-leading loyalty program.”

The Stars Group acquired 62% interest in CrownBet from Crown Resorts Limited (ASX: CWN) in an all-cash transaction using cash on The Stars Group’s balance sheet. The Stars Group will go hand-in-hand with other shareholders of CrownBet, including the CrownBet management team led by Founder and Chief Executive Officer, Matthew Tripp, to complete the purchase and will persist to work directly with Mr Tripp, who will retain his position and continue to operate the business in Australia. As per the transaction agreements, The Stars Group is also entitled to appoint a majority of the directors on the Board of Directors of CrownBet.

The Northern Territory Racing Commission has approved the transaction subject to The Stars Group satisfying certain standard conditions.

 The Stars Group

The Stars Group is a leading provider of technology-based products and services in the global gaming and interactive entertainment industries. Through its Stars Interactive Group division, The Stars Group ultimately owns gaming and related consumer businesses and brands, including PokerStars, PokerStars Casino, BetStars, Full Tilt, and the PokerStars Players No Limit Hold’em Championship, European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour, Asia Pacific Poker Tour, PokerStars Festival and PokerStars MEGA STACK live poker tour and event brands.

These brands together have millions of registered customers globally and collectively form the largest poker business in the world, comprising online poker games and tournaments, sponsored live poker competitions, marketing arrangements for branded poker rooms in popular casinos in major cities around the world, and poker programming and content created for television and online audiences. The Stars Group, through certain of these brands, also offers non-poker gaming products, including casino and sportsbook.

The Stars Group, through certain of its subsidiaries, is licensed to offer under third-party licenses or approvals, its products and services in various jurisdictions throughout the world, including Europe, both within and outside of the European Union, the Americas and elsewhere. In particular, PokerStars is the world’s most licensed online gaming brand, holding licenses or related operating approvals in 17 jurisdictions.

 


Source: European Gaming Media and Events

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The Betmakers Holdings Limited Signs Deal with UK Platform Provider to Deliver Racing Solution and Global Tote Access

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BetMakers signs UK platform provider InPlayNetReading Time: 2 minutes

 

The BetMakers Holdings Limited announced that its wholly owned subsidiary BetMakers DNA Pty Ltd (BetMakers) has signed an agreement with wagering platform provider, InPlayNet Entertainment Limited (“InPlayNet”) to provide the full racing solution including Global Tote access for their clients.

Highlights:

– BetMakers signs UK platform provider InPlayNet to deliver racing solution including Global Tote access

– InPlayNet provides white label gaming and wagering solutions for operators across Europe and Asia.

InPlayNet provide white label gaming and wagering solutions for operators across Europe and Asia.

BetMakers and InPlayNet will commence integration immediately and are expected to be live by October 2018.

BetMakers Managing Director, Todd Buckingham commented: “This deal with InPlayNet will give BetMakers and in particular the Global Tote further distribution emphasizing its international attraction across jurisdictions. The racing solution being delivered to InPlayNet under this agreement covers all aspects of racing, including data delivery, odds and pricing, trading solutions and Global Tote.”

“InPlayNet partner with some of the world’s leading providers for their software and data solutions such as NYX Gaming for their casino products and BetRadar for their sports solutions along other leading payment providers so it’s great they will be partnering with BetMakers for their racing solution”

BetMakers will collect and distribute revenues for racing bodies through its data distribution deals and Global Tote.

BetMakers will generate revenues through a percentage of gross gaming with InPlayNet

About The Betmakers Holdings Limited:
The Betmakers Holdings Limited formerly TopBetta Holdings Limited, is an ASX-listed holding company and a global provider of online wagering products and services to both wholesale and retail markets through its various wholly owned subsidiaries. The Company operates a retail wagering business, offering consumers wagering, fantasy tournament and content products and services. Global Tote Australia Pty Ltd conducts TBH’s Wholesale Business, which includes operating and licensing its wholesale tote product which enables licensed wagering operators, including corporate bookmakers and tote operators from all over the world, to participate in global pools. The Wholesale Business is conducted under a B2B licence granted by the UK Gambling Commission to Global Tote Limited, a company incorporated in Alderney, UK.


Source: European Gaming Media

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INTRALOT presents its Next-Generation products and services

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INTRALOT presents its Next-Generation products and servicesReading Time: 3 minutes

 

INTRALOT ushers in the Digital Transformation era for Lotteries through its Next Generation of Products and services in its booth #124 as Level I associate partner at North American Association of State and Provincial Lotteries (NASPL) Annual Conference, on 25-28 September 2018, at the Huntington Convention Center of Cleveland. INTRALOT will present its novel Sports Betting and Lottery Solutions along with a variety of gaming technology innovations such as Cashless transactions, Retailer optimization, business analytics, in-Lane solution, superior Trading Managed Services and best in class terminals, including the newest self-service gaming solutions, such as DREAMTOUCH Lite, simplified betting concept of TAPnBET and WINSTATION 30, the first in the market vending machine with a capacity of 30 scratch tickets games.

INTRALOT’s new Intelligent Ecosystem of Lottery and Sports Betting Solutions is designed to drive growth. Our solutions offer a personalized player’s experience adhering to the principles of Responsible Gaming with flexible, reliable, and secure offerings to address Lotteries’ modernization needs in the digital era.

 

New Sports Betting Solution in the World of Betting section

Our 25-years of experience in Sports Betting has guided the development of our next generation, flexible and scalable sports betting platformat the heart of an integrated Sports Betting Solution that incorporates advanced content, PAM, reporting and security functionalities.  The platform offers pre-integration with multiple commercial feeds, event creation, markets pricing, resulting, and in-play incidents. Our CMS and PAM carry the latest security and transparency features, KYC and geo-fencing, and payment provider integration capabilities. The Sports betting solution with its cross-channel capabilities can easily integrate with the Lottery platform and provide both cross-selling opportunities and economies of scale to State Lotteries in the United States. INTRALOT’s experience in running Sports Books covers more than 65 sports supported with different pricing models for over 24 sports, 24,000 In-Play events and 30,000 Pre-Game events per month capacity and more than 800 different market types. Our Betting entertainment portfolio includes Racing, Virtuals, and Pre-recorded propositions that increase player’s life time value.

 

New Lottery Solution in the World of Lottery section

In the Lottery area, the latest version of flagship Retail Terminals are exhibited with Self-Service and Vending terminals offering major improvements to players’ experience with their new features. The new INTRALOT Lottery Solution comprises new platforms, our CMS and our analytics software focusing on cross-channel functionalities and fast go-to-market, along with a modern touchpoint philosophy. With the use of Bluetooth/ WIFI technologies and mobile solutions, along with traditional retail solutions we transform customers’ journey. The new mobile lottery native app offers players new ways to seamlessly prepare and submit playslips and deliver benefits for all digital game offerings. A new, fully responsive web-portal for all viewports and games expands operator presence in all online channels.

During the conference, INTRALOT’s Executive members will discuss further on the Digital evolution and the complex challenges of Lotteries’ modernization:

  • Antonios KerastarisINTRALOT Group CEO – will participate in the Associate Member Panel Discussion in the General Session on Wednesday, 26 September 2018, 10:45 a.m.-12:00 p.m. in Atrium Ballroom A/B of the Huntington Convention Center of Cleveland.
  • Nick Papadoglou, VP CCO, together with Mr. Scott Hoss, Senior Marketing Manager, INTRALOT Inc. will be presenting Celebrating Ohio: A leading example of modernizing lotteries in a digital world. on Thursday, September 27, 2018, 10:15am -Associate Member Presentations (Level I) at Atrium Ballroom A/Bof the Huntington Convention Center of Cleveland.

INTRALOT’s Group CEO Antonios Kerastaris stated: “We are very proud about the digital evolution of our portfolio and the next-generation, flexible, and scalable suite of products in Lottery and Sports Betting that we will be presenting during NASPL. Our geographic refocus on the developed markets and especially in North America provides tremendous potential and opportunities for growth to operators that can be easily achieved through our rich and diverse products and services portfolio and experience”.

 

We invite you to experience a unique customer journey through the Lottery and Betting zones and learn more about our next-generation solutions designed to support Lotteries’ modernization by focusing on simple holistic solutions. Our specialists will be available to offer insights about our player-centric approach.

 

About INTRALOT:

INTRALOT, a public listed company established in 1992, is a leading gaming solutions supplier and operator active in 52 regulated jurisdictions around the globe. With €1.1 billion turnover and a global workforce of approximately 5,100 employees (3,100 of which in subsidiaries and 2,000 in associates) in 2017, INTRALOT is an innovation – driven corporation focusing its product development on the customer experience. The company is uniquely positioned to offer to lottery and gaming organizations across geographies market-tested solutions and retail operational expertise. Through the use of a dynamic and omni-channel approach, INTRALOT offers an integrated portfolio of best-in-class gaming systems and product solutions & services addressing all gaming verticals (Lottery, Betting, Interactive, VLT). Players can enjoy a seamless and personalized experience through exciting games and premium content across multiple delivery channels, both retail and interactive. INTRALOT has been awarded with the prestigious WLA Responsible Gaming Framework Certification by the World Lottery Association (WLA) for its global lottery operations.


Source: European Gaming Media

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GVC to thrive after Ladbrokes Coral integration

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GVC to thrive after Ladbrokes Coral integrationReading Time: 1 minute

 

GVC Holdings, the premier casino company in the world operating of Isle of Man, has drafted into its product mould a selection of content developed by CR Games, the in-house studio of the Ladbrokes Coral Group. GVC’s online brand will now include 20 titles from CRM games such as bwin, PartyCasino and Sportingbet.

The move is expected to thrive GVC’s business further. Integration of five more titles, including CR Games’ flagship “Big Banker” slot title, will start soon. This will include.

GVC plans to introduce the full line-up of games within the next few weeks, with the firm to launch the content in regulated market such as Italy, Denmark and New Jersey in the US before the end of the year.

GVC took ownership of CR Games when it completed its acquisition of Ladbrokes Coral in March.

Liron Snir, chief product officer at GVC, said: “This is an important milestone in the integration of GVC and Ladbrokes Coral and demonstrates the benefits to customers of bringing the businesses together.”

“At GVC, content is king and we believe building a unique gaming offer, which marries exclusive in-house developed games with the very best titles from third-parties, is a win-win for our players.”


Source: European Gaming Media

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