LeoVegas Ordered to Withdraw Radio Advert for BetUK Sportsbook

leovegas_ordered_to_withdraw_irresponsible_betuk_radio_advertLeoVegas, the international operator of online casinos and sports betting websites, has been ordered by the United Kingdom Advertising Standards Authority to withdraw one of its radio advertisements for BetUK, an online sports betting brand.

The Advertising Standards Authority ruled that the respective advert was “irresponsible” and that it could appeal to children. The advert aired in September 2023 and it featured Adebayo Akinfenwa, a retired football player, who spoke about his role as a brand ambassador for BetUK.

However, in the advert in question Akinfenwa encouraged players to gamble responsibly and also made them aware of the various safer gambling tools available on BetUK, including deposit limits, the possibility of setting time-outs and scheduling reality checks.

The Advertising Standards Authority received just one complaint regarding the advertisement’s possible appeal to children. The respective complaint underlined that the presence of a former football player in the advert could present a strong appeal to children and that would put the advert in breach of the BCAP Code.

LeoVegas Rejects Complaint

The online casino and sports betting operator responded to the complaint by saying that it doesn’t believe the advert appeals to children. LeoVegas and BetUK underlined that Adebayo Akinfenwa is now aged 41 and has retired from football for some time, so it is quite unlikely that he is popular with today’s children.

Moreover, LeoVegas and BetUK pointed out that Akinfenwa was not a huge football star back in the day, he spent most of his career in the lower leagues of English football and not in the Premier League. That makes any potential for appeal to children even lower.

Adebayo Akinfenwa does have a clothing range which made him known outside of the world of football but BetUK underlined that it does not include any products for children, so there shouldn’t be any problem there either.

When looking at the social media accounts associated with Akinfenwa, BetUK pointed out that just 8 percent of his total followers on Instagram were under the age of 18, while on Snapchat the percentage went up to 18 percent.

The sports betting operator also underlined that the advert did not feature any content that would normally be associated with children or a childish tone. Moreover, it was played during a radio show that is targeting an adult audience. Radiocentre, the commercial body for United Kingdom radio stations, decided to support BetUK in this case.

Despite the response, the Advertising Standards Authority decided to uphold the complaint because it was found in breach of the BCAP Code, which states that adverts for gambling products must not be likely to be of strong appeal to children or young persons.

Source: “LeoVegas ordered to withdraw “irresponsible” BetUK radio advert“. iGaming Business. March 13, 2024.

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BGaming Partners with Betsson to Strengthen Its Position in the European Market

BGaming keeps expanding across the European continent and conquering key markets in the region. The company joined forces with the industry giant Betsson to expand across several new European markets.

Fantastic offering for Betsson’s customers

bgaming_goes_live_with_betsson_as_part_of_sustained_european_expansionOne of the biggest operators in the industry, Bettson, will now be able to offer a range of BGaming unique slots to its customers.

The games included in the offering have certifications of the Malta Gaming Authority (MGA) and Hellenic Gaming Commission, and under these certifications, they will be provided to Betsson. Among the titles included in the offering will be casual games such as Minesweeper XY and Rocket Dice XY as well.

BGaming’s releases became popular among players for its advanced features, as well as for innovative graphics generated through AI, which took its games to the next level.

On top of that, the two companies decided to take their relationship to the next level by creating a new branded game, Betsson Plinko. The game was created by BGaming and represents a symbol of this aspiring collaboration.

Industry giants to strengthen their positions in the global market

Betsson is one of the biggest operators in the European market, but the company’s games are extremely popular in Latin America as well.

On the other hand, BGaming saw rapid growth across key markets all over the globe in the last 18 months. This partnership is the most recent among a series of successful integrations that helped the slot developer expand across the world.

Olga Levshina, a CCO at BGaming, commented on the recently established deal: “We are delighted to launch with Betsson, a market-leading tier 1 brand in Europe. Our dynamic growth and support from world-leader businesses, such as Betsson, confirm we are regarded as a trustworthy provider of high-quality content.”

BGaming was founded in 2018, and since then the supplier has been dedicated to creating unique games that keep the players on the edge of their seats during the whole gameplay. Its portfolio currently consists of more than 150 thrilling releases, including popular video slots, video poker (https://www.casinonewsdaily.com/games/video-poker/), and lottery games. There is also a range of card, scratch, crash, and casual games, which makes BGaming’s content stand out in the market. Its vast network of partners includes big industry names such as BetFury, RollBit, Stake.com (https://www.casinonewsdaily.com/blog/2021/06/14/aspire-global-to-help-stake-com-launch-new-uk-site/), Pin-Up, and many more.

On the other hand, Betsson AB has been present in the global iGaming market since 1963, which makes it one of the companies with the longest presence in the industry. Currently, the company features more than 20 brands, including Betsson, Betsafe (https://www.casinonewsdaily.com/mobile-casino-apps/betsafe-casino-app/), and NordicBet, and it is present in Europe, North America, South America, and Central Asia.

Source: “Bgaming Goes Live With Betsson As Part Of Sustained European Expansion”. bgaming.com. March 13. 2024.

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IGT Records Revenue Growth, Net Profit Decreases

One of the leading companies in the industry, International Game Technology (IGT), published its financial report, which demonstrated a net profit decrease compared to 2023. However, the revenue was $4.31 billion (£3.37bn/€3.94bn), which represents a growth of 2.0%, following a recorded $4.23 billion in 2023.

Successful year and plans for 2024

net_profit_dips_despite_revenue_growth_at_igt_in_2023_ (1)Global Gaming and PlayDigital businesses were major reasons for the increase in revenue, while Global Lottery’s results dropped down. However, the lottery business performed better in Q4 than was the case during the whole year, following the success of other departments.

Vince Sadusky, the company’s CEO, commented: “We delivered a strong finish to the year in the fourth quarter, propelling full-year 2023 profits to record levels. A compelling array of products and solutions fuelled broad-based momentum in key performance indicators, driving margin improvement across our Global Lottery, Global Gaming, and PlayDigital segments.”

IGT conducted a restructure in February when Global Gaming and PlayDigital merged with another industry giant, Everi. The operations in total cost $6.20bn. IGT will own a majority of shares, 54%, while Everi will possess 46%. The merger is expected to be finished by the end of 2024 or at the beginning of 2025 when Everi will be renamed.

Sadusky said: “We believe the recent determination to split the business and create separate lottery and gaming pure-play companies, each with experienced management teams and simplified business models, better positions each company to service customers and create significant value for stakeholders.”

Revenue growth

In the past year, IGT’s revenue grew. Product sales revenue was incredibly high – $963 million, which is 11.2% higher than in 2022. However, service revenue decreased by 0.4%, so the company generated $3.35 billion.

Global Lottery was the main source of revenue in 2023, even though the decrease is noticed since it generated $2.53 billion in revenue in 2023. As the main reason for this drop, the company listed a sale of a commercial services business in Italy. If it remained part of the company, a growth of 6% would be recorded.

Global Gaming also achieved significant growth since its operations increased by 9.1% to $1.55 billion. PlayDigital’s revenue also increased by 9.1% to $228 million, which broke the record when it came to this division.

The operations cost $3.31 billion, and services were $1.63 billion. However, non-operating costs increased to $372 million, which is 11.7% higher than in 2023. This means that the profit before paying taxes was $629 million, which represents a 6.8% increase compared to the year before. The company paid $322 million for taxes and $151 million for non-controlling interests, so the net profit was $156 million, which is $156 million lower than in 2022 when the profit was $275 million, so a decrease of 43.3% is recorded. But despite that, adjusted EBITDA was $1.78 billion, which is an increase of 6.9%, and hit the record when it comes to this figure.

Max Chiara, the company’s CFO, said: “We achieved all of our financial goals in 2023. Robust cash generation funded incremental investments in the business and shareholder returns, while driving leverage to historically low levels, putting IGT in a strong financial position as we enter 2024. This gives us confidence in further expanding our investment in the business to fund future growth.”

Source: Fletcher, Robert. “Net profit dips despite revenue growth at IGT in 2023”. iGaming Business. March 12, 2024.

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DraftKings Launches Mobile Sports Betting Service in North Carolina

draftkings_launches_in_north_carolinaDraftKings, the famous North American sports betting operator, has launched its online sports betting platform in North Carolina starting on March 11 after having secured a written designation agreement with NASCAR earlier this year.

The respective written designation agreement was necessary for the sports betting operator in order to be allowed to offer its services in the state of North Carolina. The launch marks an important moment for DraftKings as the operator now has its sports betting service available in 27 American states. Moreover, the sports betting website is also available in Ontario, the most populous province in Canada.

North Carolina is a very important state when it comes to sports because it is the home state of most of the NASCAR industry and it also has high-profile professional teams in all the major North American leagues: the National Football League (NFL), the National Basketball Association (NBA) and the National Hockey League (NHL). Moreover, North Carolina has several universities competing at the Division-I level, attracting plenty of sports fans.

From now on eligible sports fans in the state will be able to place their bets on the DraftKings online sportsbook, which provides a wide range of markets and offerings, including same-game parlays, in-game betting and special odds boosts.

DraftKings underlined that its sportsbook platform in North Carolina is “safe and regulated”, offering plenty of customer protections like deposit and time limits, full access to responsible gaming resources and self-exclusion features. Moreover, DraftKings offers the new “My Stat Sheet” feature, which shows punters the exact amount of time they spent on the sports betting website and also the total amount of deposits made.

Ceremonial First Bet

The launch of legalized mobile sports betting in North Carolina is a memorable occasion and sports fans in the state will most likely remember it for quite some time as Greg Olsen, the legendary Carolina Panthers player, was designated to place a ceremonial first bet.

The event was hosted by the NASCAR Hall of Fame in Charlotte and along with Greg Olsen it benefitted from the participation of Zack Hawkins, a North Carolina State Representative Zack Hawkins, and Jeremy Elbaum, the Chief Commercial Officer of DraftKings.

DraftKings started out in 2012 and it was founded by Jason Robins, Matt Kalish and Paul Liberman. The company is headquartered in Boston and it offers online sports betting services and daily fantasy sports products.

Source: “DraftKings Set to Launch Mobile Sports Betting in North Carolina on March 11“DraftKings. March 7, 2024.

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Spinomenal Integrates Content with 888 Italy Using Pariplay Fusion Platform

Spinomenal, an experienced supplier of premier content to the iGaming industry, has entered a partnership with the prominent operator 888 Italy. Under the terms of the deal, the supplier will provide its extensive slot portfolio to the online casino via the Fusion aggregation platform provided by the renowned supplier Pariplay.

B2C Partnership

The partnership represents a huge step forward for both companies in accomplishing their respective strategic goals. Following its Italian market debut made in the summer of 2023, Spinomenal has since evolved into an increasingly influential participant in the growing Italian gaming environment. The latest partnership with 888 Italy will enable even wider Italian player pool to taste the provider’s fine selection of titles and spread the word about the unique gaming experience made available through the remarkable content supply deal.

Premium Content Supply

Therefore the visitors of 888 Italy’s online casino will benefit from the opportunity to roll out Spinomenal’s blockbusters like Majestic King, Book of Demi Gods 2, Egyptian Rebirth and more. At the same time, the operator can now use the premium supply to expand the offerings of high-performance titles and benefit from the increased player’s activity on the platform.

Smooth Content Integration

Such an activity has just been made easier, as the partners to the content supply deal has engaged Pariplay’s innovative aggregation platform Fusion for seamless content integration into the 888 Italy’s online operations. The aggregation platform securing a swift and seamless content transition by means of a series of cutting-edge features and tools makes Pariplay a frequent B2B partner for Spinomenal’s expansions. The use of high-end Fusion platform for the latest integration testifies about the commitment of Spinomenal and 888 Italy to increase their presence in the Italian jurisdiction.

Common Expansion Targets

spinomenal_enhances_888_collaboration_with_italian_expansion_The Italian deal between Spinomenal and 888 extends the series of expansions accomplished by the two partners across Europe. Therefore the Italian players can now enjoy the gaming experience already available in the UK, Romanian, Swedish, and Spanish markets. With the latest expansion, the studio and the operator are increasing their presence in the country looking to write another chapter of their common story of success.

Commenting on the partnership, Lior Shvartz, CEO for Spinomenal said: “Italy will be an integral market for us in 2024 and we are thrilled to expand our presence here with long-time partners 888. Here in Italy, 888 has quickly become a leading force in the market where we know our games will be given the perfect platform.”

Head of Commercial for William Hill/888 Italy Valerio Miccio added: “We have been following closely on Spinomenal entrance to the Italian market from last summer. Once we realised Spinomenal’s best titles had an amazing impact, we decided to enhance our games portfolio on 888casino.it, providing our players with an even more fulfilling online casino experience”.

Source: Spinomenal enhances 888 collaboration with Italian expansion”. European Gaming. March 11, 2024.

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