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US firm taking over Australian casino company

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The seemingly permanently advancing nature of the Australian gambling world has recently seen trouble. If you have been keeping an eye out for the news, you know that the recent Beijing crackdowns on the gambling within the Chinese borders have caused many, spenders and investors, to turn away from the industry. This has resulted, in turn, in the decrease in revenues that the Australian gambling firms have been seeing over the years. While real money casinos in Australia are seeing a rise in users the physical casinos have seen a lot of damage done to them. While not catastrophic, the crackdown has had its effect. The large scale divesting by shareholders has resulted in a loss of value for many shares of large companies. Crown, the large casino company from Australia, has also seen itself face trouble as a result. So it came like a fresh breath of air when an American resort company got in touch with Crown with an offer to but them out lock, stock, and barrel, in the past few months.

Wynn resorts makes an offer
Wynn Resorts is a huge American company. It owns and operates resorts and, more importantly, casinos, in some of the biggest gambling hotspots around the world. The company owns and operates large casinos in Las Vegas and Macau, and have been interested in expanding its operations further into the world. The time could not be better, as with the Australian physical casino market looking a little bleak has caused the price of acquiring them to become so much lower.
Despite this, the offer to the owners of Crown is still quite a staggering number. Wynn resorts are offering seven billion US dollars to Crown for the entirety of their operation. The offer seems to be more than generous, and it has been reflected in the share value of Crown. The only recently, the value of shares was only around $14, while after the news was released, the value of the shares jumped up to $24, as people scrambled to get their share of the pie and drove the prices of the shares sky high. And while the markets are going wild over Crown shares, the heads and shareholders of the company sit in their offices deliberating if the deal is good enough for them. Whatever they decide, this deal is a much welcome infusion into the industry, as the markets once more get excited about the casino-related news

A slow year for gambling
The past year has been slow for the gambling industry within Australia, a direct result of some of the more significant changes in the gambling regulations over the past years. The reforms in advertising and requirements have been causing a slow loss of customer base for physical casinos. These users are heading to a more comfortable online experience, but the result is the physical casino industry. The biggest slots machine manufacturer in the country, Ainsworth Game Technology, has already been seeing losses in revenue and is expecting the trend to continue in the near future.
But the regulations do not seem to be abating. Some are expecting even more regulation to hit sometime in 2019 or beginning of 2020, which might again cause some problems for the gambling industry in AU. With the regulation already diverting most of the casino revenue to offshore companies, because of the requirement for online casinos to be from foreign countries. Some companies have already been showing signs that the coming years might be a bit of a struggle.
But the potential of the industry is not getting any smaller. All that is being done is that the energy of the people is directed elsewhere – to non-Australian shores. The issue with regulation is thus quite apparent and obvious, but there isn’t much being done to change it, only the add more regulation. The government has an issue with the citizens gambling but is not taking constructive steps to limit or change the nature of the problem, instead of moving the responsibility for regulation to other countries, which is already damaging to the economy.

A new hope
Despite the issues with regulation, there is no doubt that the current deal that is taking place between Wynn Resorts and Crown is a good sign for the industry. With a large offer such as this being made to the Australian casinos, it must mean that the potential of the market has become of interest to the world’s largest players. And if the largest players are trying to get into Australia, it might be a chance for the industry to be able to revitalize itself. Or maybe the large scale companies such as Wynn Resorts have the necessary funds and economic advantages to be able to compete with international online casinos and offer services that online casinos cannot compete with.
Whatever it is, the current face of the casino industry will need to see some change and revitalization. As Australian casinos lose their users to online casinos from offshore companies, it is important for them to get a chance at operation again with the infusion of new blood and new funds into the industry. It is hard to compete with what online casinos are offering to their users: experience a casino from home. But if the physical casinos manage to figure out a way to offer something attractive enough to the people who play, they might be able to compete with them. Whether this is the experience of the tangibility of the markets, the real world experience of playing at a casino, or something else that a physical casino is able to provide that an online casino won’t be able to, is up for the industry to figure out on itself. But at this rate, the casinos are competing against themselves. After all, who needs to go to Vegas, when you can bring Vegas to you, through your screen?

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Other entrants?
Is it possible that there might be other big, international companies interested in the Australian casinos? While there is no way to confirm this at the time, there are suspicions that are international companies are interested in Australia. After all, when 80% of the country is likely to be gambling and some point in the year, it becomes an attractive market for companies that deal in the industry. So it is not surprising the Wynn resorts is interested in entering the already established market, but Crown is not the only company dealing in casinos within Australia, and each one of them has the potential to be a solid way to enter the market.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: US firm taking over Australian casino company

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What makes Turbo Games’ provably fair games so special?

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A partnership between game developer Turbo Games and iGaming solution provider and aggregator Slotegrator began in November 2022 via the APIgrator game integration solution. Since then, the collaboration has been developing successfully — and now it’s time to analyze what made it successful.

Turbo Games has noticed how the new technologies spreading throughout the industry can work for the good of brand transparency and player loyalty: “We can already see how blockchain technology has made it possible to make betting checks more accessible to players. All you need is a blockchain-hash and a decoder service. We think we will continue to move in this direction. Many traditional online casinos do not offer the possibility to check the bet. Sooner or later we all have to come to this. Perhaps the development of artificial intelligence will help here, because we are already seeing its involvement in all spheres of human life.”

Turbo Games specializes in provably fair games. Provable fairness is a concept where players can verify their wins or losses using blockchain technology — the outcome of the game is dictated by a smart contract and is absolutely random, barring the possibility of any human involvement. Using cryptographic hashing algorithms, the gambling site and the player’s device both generate seeds (random strings of numbers). Players receive a key that allows them to check the results; if the results are the same as the game round they witnessed, it proves that there was no foul play.

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According to statistics from Turbo Games, the audience for provably fair games is mostly between 18 and 25 years old. However, there are also players aged 35-40 who prefer traditional games but would like to try something new, and have turned their attention to provably fair games.

There are good odds that the technology of provably fair games will become more popular, if not even commonplace, because it gives players a feeling of transparency and proves that the business is trustworthy without the need to search through dozens of reviews. Whereas many innovations in iGaming simply add entertainment, provable fairness addresses security concerns and reassures players that they’re not being exploited, which is invaluable.

Provably fair games are beneficial for both players and online casinos. Vadim Potapenko, Head of Sales at Turbo Games, comments: “It often happens that the users are not satisfied with the result, because gambling is not only about big wins, but also possible losses. By allowing them to check the fairness of a bet, we make life easier for platforms and players. Of course, this allows us to communicate with partners and users that we work honestly and that’s why they should trust our games.”

Ayvar Gabidullin, Business Development Manager at Slotegrator, adds that “this type of game is now becoming more and more popular and has great potential for both players and game providers in the future. On the part of the player, the advantage is that the player can always be sure that his game is fair and he can independently check any of his bets. And for the game provider, this also simplifies the process of implementing casino games, since now it will not be necessary to obtain the appropriate certificates from independent laboratories before launching new games, they can immediately enter the market with these games and where anyone can check the result and make sure that that there is no cheating with players. Many game providers are starting to look towards this type of game. And as far as I see, many operators are starting to think about adding these games.”

What do players in 2023 need? The iGaming industry is all about reputation and trust. Players have a huge number of platforms to choose from, making them pickier and pickier. There’s an abundance of forums where players leave reviews, so if players view a brand as untrustworthy, there are plenty of places they can share their opinion. Provable fairness not only stops that from happening, it provides evidence to the contrary, giving players something else to talk about.

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Slotegrator also recommends investing time and effort into localization and creating an effective and detailed marketing strategy — before trying provably fair technology players need to get to the platform, and there is no acquisition without marketing.

 

 ABOUT SLOTEGRATOR

Since 2012, Slotegrator has been one of the iGaming industry’s leading software and business solution providers for online casino and sportsbook operators.

The company’s main focus is software development and support for online casino platforms, as well as the integration of game content and payment systems.

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The company works with licensed game developers and offers a vast portfolio of casino content: slots, live casino games, poker, virtual sports, table games, lotteries, casual games, and data feeds for betting.

Slotegrator also provides consulting services in gambling license acquisition and business incorporation.

More information: https://slotegrator.pro/

 

ABOUT TURBO GAMES

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Turbo Games — a provably fair games provider that belongs to Turbo Stars company — has an ambitious goal to establish widespread recognition throughout the iGaming world. Even though it is young, the company consists of professionals who have been working on the brand for over five years and are even planning to introduce a new brand for a wider audience soon.

Turbo Games also works in Europe, India, and South Africa, where the company sees the most potential and expects the same “hype” as in Brazil.

The portfolio of Turbo Games consists of 21 titles, including well-known games like Mines, Crash X, DoubleRoll, Hi-Lo, and Plinko. The studio releases a game every month. However, not all games are developed from scratch. Wicket Blast and Spin Strike, the last two releases, are based on cricket and the Indian Premier League. Crash X remains the most popular fast game in the Turbo Games portfolio, and the studio reports that crash games enjoy stable levels of popularity. Overall, the main focus of the brand is provably fair games.

More information: https://turbogames.io/

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Games Factory Talents has teamed up with Nordic Game to bring you Nordic Game Talents.

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Looking to take your career to the next level in the games industry? Then, Nordic Game Talents is the place to be! Games Factory Talents has teamed up with Nordic Game to bring you Nordic Game Talents.

From Oct 27-29, the online and interactive event is dedicated to recruitment and career building in the creative & games industry within the Nordic region. The event empowers participants to be part of a bigger community and motivates them to explore new paths in achieving their career goals.

Hiring creative & games studios – Supercell, Funcom, Panzerdog, Tactile Games, Gamecan, Fingersoft, Dazzle Rocks, Redhill Games to name a few from the Nordic region will be participating in the event. These studios will share information on their latest projects, work culture and what it takes to be part of their team. The individual games associations from Finland, Denmark, Sweden, Norway and Estonia will share insights through live sessions on the booming games industry in their respective countries. Career development topics pertinent to job seekers like – How to have a successful first interview, Creative Portfolio reviews will also be discussed.

Experienced game industry professionals and individuals beginning their careers from around the world are welcome to join the event. One-to-one interviews with the hiring studios can be scheduled through the event platform. A great opportunity to get to know the studios and network with game professionals from around the world.

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Participating in the event

As a job seeker attending Nordic Game Talents, take a few minutes to fill out a simple registration form. After filling the registration form you will receive a link to the online event platform – PINE, to join the event on 27th October. Participants joining Nordic Game Talents will also receive a free-of-charge pass to the Nordic Game Conference.

To view the complete agenda, please click here and to learn more about the event please visit Games Job Fair

About Games Factory Talents

A Helsinki-based talent attraction agency dedicated to the games & creative industry. Our services include direct recruitment, organizing game job fairs and managing a community of game industry professionals through our GameDev Talent Board.

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To learn more about Games Factory Talents visit – Games Factory Talents

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810 THE SPREAD

Cumulus Media Launches 810 THE SPREAD, the Bay Area’s First Sports Station Focused on Sports Betting

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Cumulus Media (NASDAQ: CMLS) announces that it has launched the Bay Area’s first Sports radio station focused on sports betting, 810 THE SPREAD. The new station brings sports and sports betting news, information, and insights to the burgeoning and underserved sports betting audience in San Francisco. 810 THE SPREAD will deliver behind-the-book perspectives from experts in a highly entertaining and engaging format. 810 THE SPREAD goes live today on the legendary 810am frequency that has been the 80-year home of historic Talk Radio KGO-AM. Cumulus San Francisco also launched the station’s new website at www.810thespread.com. Kevin Graham, Program Director of Cumulus’ sister sports stations KNBR 680AM/104.5FM and 1050 KTCT, adds Program Director duties for 810 THE SPREAD.

Larry Blumhagen, Vice President/Market Manager, Cumulus San Francisco, said: “810 THE SPREAD joins our sports brands KNBR 680AM/104.5FM and 1050 KTCT for a trifecta of dynamic sports content across four signals and streaming everywhere. We are excited about this new chapter and look forward to serving the Bay Area’s passionate sports fans in an incomparable way.”

Blumhagen added: “This is a bittersweet day for us, as it’s hard to say goodbye to the legendary KGO, which has been a part of listeners’ lives for so many years. We want to thank all the people who have been a part of KGO’s historic run these many years – and the listeners who loyally tuned in to the station. Times change, and we must change with them.”

Kevin Graham, Program Director, 810 THE SPREAD, said: “810 THE SPREAD will be the Bay Area’s best bet for sports fans and sports betting enthusiasts, and we are pleased to introduce sports-betting radio to our community. The station will feature a lineup of expert personalities that deliver unique sports talk and sports betting insights that entertain, inform, and engage, along with Cal Football and Basketball as well as select professional and college sports play-by-play events. While 810 THE SPREAD will feature specific gambling information, we believe our entertaining presentation will make it a favorite for all Bay area sports fans and a perfect complement to the legendary KNBR and KTCT. With its addition, it truly shows Cumulus’ commitment to the Bay area as ‘The Sports Leader’!”

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The weekday programming lineup for 810 THE SPREAD includes:

6am-9am – Bet QL Daily – The must-consume show for sports fans and betting fans alike. Hosted by Joe Ostrowski, Joe Giglio, and Erin Hawksworth.

9am-12pm – Jim Rome - Aggressive, informed sports opinions, rapid-fire dialogue, and plenty of sports smack. As one of the most prolific sports talk hosts in America, Rome draws massive tune-in with legions of fans known as clones, who live for Rome’s take on the day’s largest issues in sports.

12pm-4pm – You Better You Bet – Nick Kostos and Ken Barkley have you covered for the best bets on the biggest matchups, the latest line movement and updates in the futures market. We’ll have up-to-the-minute coverage of backdoor covers and bad beats, and the cheers and tears that come with them. It’s sports betting conversation like you’ve never heard before.

4pm-8pm – Bet MGM Tonight – Live sports betting updates for all the night’s games as they happen – plus live “look-ins” for Major League Baseball games in progress. Get the latest scores, sides, totals, props, parlays, futures, and much more with hosts Quinton Mayo, Trysta Krick, and Ryan Horvat.

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8pm-12 Midnight – CBS Sports Radio

BetQL Network programming is provided by Cumulus Media’s Westwood One through a partnership with Audacy.

For more information or to stream 810 THE SPREAD, visit: http://www.810thespread.com.

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