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Summary of bacta’s Spring Budget submission

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Bacta is the voice of the amusement machine industry and its supply chain. The sector is a key driver of economic activity in our communities, our high streets and towns, employing approaching 40,000 people and contributing £2bn to the national economy.

The amusement machine industry has been particularly badly hit by the dual shocks of the pandemic and the ongoing cost of living crisis and the cost of doing business. This has been driven by high levels of inflation and soaring energy bills. This has been acutely felt by our members who are particularly energy intensive by their very nature, and unable to pass on costs to customers to offset these additional expenses.

In addition, those costs associated with the provision of games of chance are unable to reclaim VAT, adding 20% to already sky-high costs. That our members are forced to pay these extra costs, alongside the increase in energy bills, with no room for recompense, is fundamentally wrong and must be addressed if the sector is to thrive.

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Despite these challenges, the sector remains a key vehicle for unlocking growth and driving the economic recovery, particularly at the coast and in our hard-pressed High Streets. We help to keep pubs and clubs afloat. Our policy proposals are cost-effective solutions, which set out how some small adjustments to existing regulations could unlock considerable capital which could be reinvested back into the business.

For example, enabling businesses that pay Machine Games Duty (MGD) to reclaim VAT would unlock an additional £150 – £200 million which could be reinvested in their business. Moreover, a simple tweak to the existing MGD thresholds, increasing the base rate to include machines costing 25p to play would unlock £5 to £10 million which again could be reinvested back into the wider economy and stimulate a small part of the manufacturing sector.

Finally, the Super Deduction has been a considerable success in achieving its goal of unlocking additional business investment at a time in which it was most needed. With this investment still key to unlocking long term growth, we would like to see the scheme extended, or replaced with a similar scheme, and with the eligibility criteria extended to include leased assets such as pool tables, juke boxes, and fruit machines hired to pubs and clubs.

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BETSSON.SPORT DEBUTS IN ITALY WITH FRANCESCO TOTTI AS AMBASSADOR

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Betsson.sport proudly announces the launch of its new sports infotainment platform in Italy. At the heart of this initiative as its ambassador, stands Francesco Totti, the revered Italian football legend celebrated for his exceptional talent and illustrious career.

With a focus on delivering exclusive content, interviews, news and highlights across various sporting disciplines, Betsson.sport aims to become a go-to destination for sports enthusiasts nationwide.

Additionally, Betsson.sport introduces the initiative ‘Betsson Sport Club,’ inviting teams to join and gain visibility and support alongside other participating teams. This club is open to clubs from both prominent and lesser-known leagues, offering them exposure opportunities and a platform for more visibility.

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“I am thrilled to be part of this project, which aligns perfectly with my daily commitment to sharing my passion for sports,” said Francesco Totti. “Betsson.sport presents a wonderful opportunity to unite various sports clubs and helping them to realise their full potential.”

Ronni Hartvig, Chief Commercial Officer of Betsson Group, stated, “Italy holds significant importance for Betsson, and we are delighted to partner with Francesco Totti, a figure synonymous with excellence in Italian football. We think his story and experiences will help us make the Betsson Sports Club even better, promoting our values of fair play, inclusion, and passion.”

As Betsson.sport embarks on its journey in Italy, the brand is committed to innovation and collaboration. The recent partnership announcement with Roma exemplifies this commitment, marking the beginning of a series of dynamic initiatives aimed at strengthening the bond between sports and Betsson.sport.

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Gambling in the USA

Gaming Americas Weekly Roundup – March 11-17

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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

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Scientific Games announced the consolidation of its legal and public policy teams into a new unified department, Global Legal and Public Policy. This team will be led by James D. Schultz who will assume the new title of Executive Vice President, Global Legal and Public Policy. Deputy General Counsel Phil Bauer, an indispensable 25-year veteran of the company, will be promoted to General Counsel and Corporate Secretary, and report to Schultz.

Sportradar Group AG announced that the North Carolina State Lottery Commission has granted Sportradar’s U.S. betting subsidiary, Sportradar Solutions LLC, a Supplier license in the state North Carolina. This license is valid for five years from its date of issuance on February 28.

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The Office of Lottery and Gaming (OLG) announced that FanDuel is the new sports wagering subcontractor for Intralot Inc., OLG’s lottery and sports wagering system vendor. Under this agreement, residents of Washington, D.C. will gain access to FanDuel’s sports wagering app, which is the market leader nationally, as well as its website and retail platforms.

Elys BMG Group Inc. announced that Grand Central Sportsbook in Washington D.C. (Grand Central) has been granted provisional approval to open its H Street sportsbook by the DC Office of Lottery and Gaming, Regulation and Oversight Division.

BetMGM has officially launched its mobile sports betting service in North Carolina, giving customers in the Tar Heel state access to a wide variety of betting options as well as the opportunity to earn experiences at MGM Resorts’ properties nationwide.

Supremeland Gaming announced the approval of an interim Supplier License in West Virginia, further solidifying its position as a key player in the rapidly expanding iGaming industry. This milestone marks the company’s third approval following the successful acquisition of the first approvals in Pennsylvania and New Jersey.

Partnerships

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Caesars Entertainment and National Hockey League (NHL) announced a renewal of their US partnership. The new, multiyear partnership extension retains Caesars’ status as a Sports Betting and Gaming Partner of the NHL and, for the first time, provides Caesars Digital with access to League-owned intellectual property to build and promote NHL-branded iCasino games for its online casino platforms in North America, including the recently launched Caesars Palace Online Casino.

SCCG Management announced the extension and significant expansion of its strategic partnership with SnapOdds, the revolutionary sports betting technology product from Snapscreen Inc. This expansion marks a pivotal shift towards a consumer-facing (B2C) strategy, leveraging SnapOdds’ unique TV and streaming content recognition software.

Hip-Hop icon Nas has partnered with Resorts World New York City on a $5 billion expansion plan for a casino in Queens. The vision of Aqueduct Park is to transform the casino in Nas’ hometown, into a full-fledged establishment that mirrors the company’s properties in Las Vegas.

SCCG Management, the leading advisory and management consultancy in the global gaming industry, headquartered in Las Vegas, announced the extension of its partnership with IDnow, a premier European provider of identity verification solutions. This strategic alliance is placing a focused effort on expanding its reach to encompass the broader Latin America (LATAM) region.

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UltraPlay and REEVO: Set to Revolutionize iGaming

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In a move that’s set to shake up the online gaming world, UltraPlay, a leader in digital gaming platforms known for everything from Esports to casino games, has teamed up with REEVO, the innovative force in B2B gaming content and aggregation. This collaboration is all about bringing something new and exciting to gamers everywhere, combining UltraPlay’s broad offerings with REEVO’s unique games and partnerships.

This partnership is rolling out some thrilling games for UltraPlay users, like “Crazy Crocs,” a journey through the swampy fun, “Miceketeers: The Cheese Guardian,” where bravery meets cheese, and the mystical allure of “Rays Of Ra.” These games are designed to captivate a wide array of gamers, promising to bring stories and challenges that spark joy and excitement.

UltraPlay has made a name for itself by pushing the boundaries with the latest technology and focusing on what users are looking for in a platform. The company provides powerful solutions that reach across the globe, helping to lift the gaming industry to new heights.

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REEVO, on the other hand, is on a mission to impress and innovate, planning to roll out two new games every month in 2024. They’re also making their game aggregation platform even smoother, making it easier to bring in top-notch games from all over. This partnership isn’t just about making new games; it’s about making the gaming experience better for everyone involved.

Petra Maria Poola, REEVO’s Head of Sales, shared her thoughts on the partnership: “Thrilled to announce a new partnership with UltraPlay. This strategic alliance opens up incredible opportunities for growth and enables us to take our partners’ brands to unprecedented heights with new content. With an unwavering commitment to excellence, we aim to deliver an unparalleled gaming experience for our partners that fosters sustainable, long-term success. Stay tuned as we embark on this transformative journey together.”

Mario Ovcharov, CEO of UltraPlay, is equally enthusiastic: “We’re thrilled to be working with REEVO. It’s a chance for us to blend our gaming know-how with their tech magic. We’re all about creating amazing gaming experiences, and this partnership is going to help us do just that. We can’t wait to see where this will take us.”

As UltraPlay and REEVO set off on this journey together, the gaming community is in for a treat. This collaboration promises to bring forward a new era of gaming innovation and fun, showcasing what’s possible when two leaders in the gaming world join forces.

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