Category Archive : Casino

Soft2Bet Debuts Latest B2B Solution

Online casino and sports betting group Soft2Bet today announced the launch of its newest B2B product, FEZbet.

The new solution offers access to casino, live casino, sports, and virtual sports modules and arrives with innovative gamification capabilities.

FEZbet includes more than 3,000 online casino games from over 35 of the world’s leading content providers as well as a variety of sports betting opportunities, bonuses, and diverse tournaments for better retention.

Soft2Bet’s new B2B product is available in ten languages and offers multi-lingual 24/7 customer support. In addition, FEZbet comes with a plethora of localized payment options.

FEZbet joins Soft2Bet’s rich portfolio of both B2B and B2C products. The company currently manages 17 online casino and sports betting brands, with Nomini, YoYo, Rabona, Campobet, and Wazamba being just a handful of these.

The online gambling group currently holds licenses from the Swedish Gambling Authority, the Malta Gaming Authority, and the Government of Curacao. It is looking to obtain further licenses within the European Union and expects such licenses to follow soon.

Outside Europe, Soft2Bet recently announced that it has entered the Indian online gambling market with four of its brands. The company’s Wazamba, Nomini, Cambobet, and Rabona brands are now live and available to Indian gambling customers. Soft2Bet revealed plans to launch the rest of its brands in India.

A Cutting-Edge New Product

Commenting on the launch of their newest B2B solution, Soft2Bet CEO Boris Chaikin said that they are delighted to announce the launch of FEZbet and that it is a cutting-edge new product which covers an exciting range of gambling opportunities.”

Mr. Chaikin went on to say that delivering the best possible products to their B2B clients is paramount at the gambling company and that the launch of FEZbet “is a great showcase for our platform functionality.”

According to Soft2Bet’s CEO, their new product will satisfy the needs of “the modern iGaming market” and that with its “innovative gamification features, bright and modern design, and user-friendly interface, they expect it to prove a huge success for Soft2Bet.

Soft2Bet was founded in 2016. The company runs offices in Bulgaria, Cyprus, and Malta. Over the past four years, it has grown into an international online gambling organization employing more than 250 people.

As mentioned above, the company boasts a portfolio of 17 B2C brands, with the Rabona sportsbook being its latest one. Each of its operations bears its own characteristic features, but gamification is a key element and driver of growth across its brands.

News about the launch of FEZbet emerge a few days after Soft2Bet announced that it has added the MiFinity eWallet across its online casino, sportsbook brands.

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Northern Lights Announces Yggdrasil GATI Deployment

Online gaming studio Northern Lights has picked Yggdrasil’s GATI (Game Adaption Tools & Interface) standardization technology as its go-to market interface to deliver on its global growth business strategy.

Northern Lights is part of Yggdrasil’s YG Masters partner program.

GATI is one of the latest innovations introduced by Yggdrasil. The technology is language agnostic and standardized and enables online casino game development studios to quickly and securely build and distribute content across Yggdrasil’s ever-growing global distribution network.

Partners of the iGaming software provider that choose to integrate to GATI, Northern Lights included, can cross-sell their games to any global Yggdrasil Franchisee.

Yggdrasil’s unique new model enables partnering studios to swiftly scale distribution and pursue greater revenue opportunities. At the same time, they are presented with new and innovative ways of working and collaborating with fellow iGaming studios.

Yggdrasil’s GATI technology was introduced within the company’s new Yggdrasil Publishing division, which commenced operations early this year. The online gaming provider’s Publishing arm provides three core value propositions – YG Franchise for platform IP licensing, YG Masters for game development and distribution, and YG Game IP for game IP licensing.

Experienced iGaming industry executive Björn Krantz, an ex-COO at NetEnt, is leading Yggdrasil’s Publishing business. Mr. Krantz said earlier that Yggdrasil Publishing is a ground-breaking global licensing business that significantly changes [their] and the industry’s approach to content creation, publishing, and distribution.”

Complete Control of Development Process

As an YG Masters partner, Northern Lights is offered access to GATI and is able to use its “preconfigured, regulation-ready, standardized content development toolkit.” The studio, just as all other YG Masters partners, is thus able to develop and distribute online casino games to operators and players located anywhere in the world.

As explained by Yggdrasil itself, its GATI technology serves as the “enabler” of its Decentralized Aggregation Network and this allows any Yggdrasil Franchisee, no matter where around the globe, to collaborate using GATI and to share its game roadmap with counterparts.

Commenting on their choice to develop games on the GATI platform, Northern Lights CEO Andrew Goodale said that they are very excited and that the technology and its “unique collaborative business model” would enable them to take their business to another level.

Mr. Goodale went on to say that GATI would give them complete control of the entire development process and how they design their games “without having to make any compromises.”

Yggdrasil Head of Partner Strategy and Sourcing Stuart McCarthy commented that their GATI technology is a “complete game changer” for their partners as it offers them complete control over the “rapid development and fully scalable deployment of their games onto our systems and standardized technology, that are fully compliant and packaged ready for distribution to our rapidly expanding operator and Franchise networks.”

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Playson Content to Go Live on Playtech POP Platform

Online casino content supplier Playson today announced a major content distribution deal with gambling technology giant Playtech.

The newly penned deal will significantly bolster Playson’s presence across big markets and grow its distribution network.

Under the terms of the agreement, Playson will be able to integrate its content library on the Playtech Open Platform. Popular Playson titles such as Rome: Caesar’s Glory and Solar Queen as well as the Funky Fruits and Timeless Fruits slots series will thus become available to Playtech’s massive and ever-growing network of operator partners and their players.

The recently secured partnership also includes delivery of Playtech’s promotional tools, including its integration-free jackpots, free spins, and regular slots tournaments with daily prize drops. All of these have proven track record in successfully improving player retention.

The Playtech Open Platform (POP) is one of Playtech’s flagship online gambling products. The platform offers licensees access to more than 3,000 gaming titles, including in-house games developed by Playtech’s studios as well as products from more than 30 of the industry’s largest suppliers.

All the new content on POP is launched simultaneously across mobile and desktop. Playtech clients thus get access to a wide variety of classic slot games, multi-line video slots, and premium branded slots, among other products.

Latest Important Milestone

The partnership with Playtech marks the latest important milestone for Playson as the slots provider looks to expand its global presence and cement its place in the ever-growing and highly competitive iGaming industry.

Of the recently penned content distribution deal, Playson CEO Aleksander Ivshin said that they are thrilled to have teamed up with one of the sector’s largest software development companies.

Mr. Ivshin went on to say that with Playtech being present in every key market, “this strategic deal is sure to open up some exciting opportunities in the months and years to come.”

Playtech Director of Casino, James Frendo, commented that Playson’s games are “hugely popular” and that they are delighted to add the supplier’s “burgeoning portfolio” to their POP platform.

Mr. Frendo went on to say that it is their ultimate goal to deliver their customers the best possible experience, “along with the market’s finest games” and that he is certain Playson’s titles will prove to be a huge hit with gambling operators and their players around the world.

Earlier this month, Playson announced a content supply deal with major Romanian gambling operator Baumbet. The partnership would see Playson deliver its entire slots collection to the operator’s online casino.

Including Romania, Playson is licensed or certified to provide its content in more than 17 regulated markets. The company’s portfolio of more than 60 omni-channel games is currently licensed by Romania’s National Gambling Office, the UK Gambling Commission, and the Malta Gaming Authority.

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Expansion of Melco’s Studio City Casino Resort Kicks Off

Lawrence Ho-led company Melco International Development confirmed this week that work has begun on the second phase of its Studio City integrated resort in Macau.

The property was launched in the fall of 2015 with great fanfare and Hollywood superstars Robert De Niro and Leonardo DiCaprio and director Martin Scorsese attending the Grand Opening ceremony.

Melco spent $3.4 billion on the first phase of the luxury multi-purpose complex and has now earmarked between $1.35 billion and $1.4 billion for the planned expansion of Studio City.

The company has tapped Chinese construction conglomerate China State Construction International Holdings as the main contractor of Studio City’s Phase Two. In a filing with the Hong Kong Stock Exchange, the construction giant said that the contract value stood at HK$6.48 billion (approximately $836 million).

What Will Phase Two Include?

Melco said in its latest financial report, released earlier this week, that Phase Two of its Studio City property will include two new hotel towers with a total of 900 rooms and suites.

The expansion plan further includes the addition of a cineplex, “one of the world’s largest indoor water parks”, as well as MICE facilities.

Back in 2015, Studio City opened doors with a casino with 250 gaming tables offering baccarat, blackjack, roulette, and other popular games as well as more than 1,200 slot machines.

The property’s non-gaming options currently include a Batman Dark Flight 4D ride, the family-friendly Warner Bros. Fun Zone attraction, the House of Magic, which was designed by famed illusionist Franz Harary, and the Golden Reel – the world’s highest figure-8 Ferris wheel located between the resort’s two hotel towers.

The two towers – The Star Tower and The Celebrity Tower – currently feature a total of 1,600 rooms and suites.

Extended Development Deadline

Melco said this week that the government of Macau has granted further extensions on the deadline for the development of the public land where Studio City is located. The company noted that it is now expected to fully develop Studio City’s land by May 31, 2022.

However, Melco said in its latest financial report that it can provide no guarantee that it would be able to complete construction work by the above deadline.

The company said that prior the coronavirus outbreak, their estimated development period for Phase Two of Studio City was 32 months, but that period can now be extended due to the global health emergency.

Melco further noted that if additional time is required to complete development work on the remaining portion of Studio City land, they will have to apply for extension of the development period, “which shall be subject to Macau government review and approval at its discretion.”

Source: Melco starts Studio City Phase 2, eyes mid-2022 completion

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NetEnt, ReelPlay Announce Intellectual Property Alliance

Casino game developers and providers NetEnt and ReelPlay today announced that they have teamed up to strengthen their rights associated with their respective franchises InfiniReels and Infinity Reels.

Under the terms of the two companies’ recent alliance, NetEnt and ReelPlay are set to work together to jointly extend and protect their marks.

NetEnt is set to release its first InfiniReels game – Gods of Gold InfiniReels – on May 14. The InfiniReels mechanic is the latest innovation to be presented by the Swedish content developer. It increases the number of reels in a slots game with each win, with an infinite number of reels and win ways available within that game.

ReelPlay debuted its Infinity Reels mechanic last November. The new feature provides the chance to add an additional reel, re-spin, and multiplier with each spin.

The first Infinity Reels slot title – El Dorado Infinity Reels – hit the market in November 2019. A follow up game – Giza Infinity Reels – was rolled out earlier this month. ReelPlay’s third Infinity Reels title – Odin Infinity Reels – is scheduled for June 2020 release.

Partnership a Logical Step

Commenting on their partnership with ReelPlay, Bryan Upton, Director Games at NetEnt, said that as both companies clearly followed similar ideas independently from one another, “it made sense for us to come together to reinforce our unique propositions in a highly competitive market.”

Mr. Upton commended and thanked their partner for “their innovative approach and for working together with us in these dynamic times.”

David Johnson, Chief Commercial Officer at ReelPlay, added that they are happy to have agreed a collaboration “with an established global pioneer such as NetEnt.”

ReelPlay was founded in 2014 as Chance Interactive, but rebranded in 2019. The slots studio is based in Sydney, Australia. The company holds a license from the UK Gambling Commission to provide its content to UK-facing gambling operators and content aggregators, but its portfolio is available across multiple other markets, as well.

Swiss and Colombian Debut for NetEnt

News about NetEnt’s partnership with ReelPlay emerged shortly after the Swedish company announced that it has introduced its content in two new regulated markets.

In early April, NetEnt announced that it has obtained the global standard ISO 27001 certification that enabled it to enter the Swiss online gambling market and supply its content to locally licensed online casinos.

Last week, the major Swedish supplier announced its Colombian debut through a previous partnership with US online casino operator Rush Street Interactive. NetEnt has been supplying its content to Rush Street’s US-facing online gaming operations for a while now.

In Colombia, Rush Street is one of more than 15 locally licensed operators following the reorganization of the Latin American nation’s iGaming market several years ago.

Source: NetEnt and ReelPlay agree IP partnership

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Hard Rock Confident in Success of Greek Casino License Appeal

Hard Rock International is confident that it will win a court appeal of the Hellenic Gaming Commission’s decision to disqualify the hotel and casino operator from the race for a license for the development of a casino resort at a defunct airport near Athens, Greece.

The Greek gambling regulator awarded the license to another US-based casino and hospitality company – Mohegan Gaming & Entertainment, earlier this year.

The license authorizes the tribal gaming and hotel operator to build a €1 billion casino resort as part of a larger complex, dubbed the Hellinikon, at the site of the former Ellinikon International Airport, just outside the Greek capital.

As mentioned above, Hard Rock was disqualified from the casino license race and the company appealed that decision. Its appeal was rejected by the Hellenic Gaming Commission and the Preliminary Appeals Authority.

Greece’s highest administrative court is set to hear the appeal today. Hard Rock spokesperson Michael Karloutsos told local media that the company “will ultimately win the competition for Hellinikon” and that it is the only company in the race “to have developed a project like this before and they will do it again.”

Mr. Karloutsos went on to say that Hard Rock “is the only contender with a recognizable global brand and a worldwide network with staying power that can attract much needed additional tourists to Greece.”

Insufficient Experience and Finances Behind Rejection of Hard Rock’s Bid

According to Greek news outlets, Hard Rock sent a letter of guarantee outside the timeframe specified by the Hellenic Gaming Commission. In addition, the regulator reportedly told the company that its application papers did not demonstrate sufficient development experience and did not meet financial criteria.

Companies interested in participating in the Hellinikon casino license bidding process had until early October 2019 to submit the necessary documents with the Greek gambling regulator.

Responding to comments about its lack of experience and finances for the project, Hard Rock said last year that it was “absolutely laughable” that the company’s expertise was being questioned.

Hard Rock operates hotel and casino resorts in Florida, New Jersey, Iowa, Mississippi, and Canada, and is looking to build an integrated resort in Japan. The company was also authorized to build a luxury resort in Spain.

As mentioned earlier, Mohegan Gaming & Entertainment and its INSPIRE Athens concept was selected as the preferred bidder for a casino resort at the Hellinikon. The eventual start of the project has been delayed for years, and the global coronavirus crisis has pushed back groundbreaking one more time.

Hard Rock’s legal challenge is expected to further delay the process. The company maintains that “it was wrongly disqualified” and that it was victim of “unfair and improper practice.” Hard Rock also says that it is ready to take the matter to Greek and even European courts to end up as the winner in the race for the casino license.

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Genesis Affiliates Presents New Casino Planet Brand

Genesis Affiliates is gearing up preparations to soon debut Casino Planet, the 12th online casino powered by the multi-brand affiliate program.

Casino Planet promises personalized experience in an otherworldly city where the sun never rises and districts never go to sleep, bursting with energy and entertainment and neon gleaming lights.

The new online casino, yet to open its virtual doors for gaming enthusiasts, will offer a rich library of games that are known to be globally loved by players. The digital gambling venue will also be generous in promotions and special bonuses in a bid to attract players and keep them entertained.

As mentioned earlier, Casino Planet will offer tailor-made experience, built around advanced technology and real-time communication with players.

Gaming Software and Other Important Info

Casino Planet will feature a wide variety of content from some of the most advanced and largest game studios in the industry, including NetEnt, Microgaming, Yggdrasil, Play’n GO, Red Tiger, Evolution Gaming, among others.

The new online casino will also offer titles developed by new but very promising iGaming content developers.

Planet Casino’s library will include slots, progressive jackpots such as all-time classics Mega Moolah, Hall of Gods, and Mega Fortune, daily jackpots, popular table games, and Live Casino hits that offer authentic land-based casino experience but from the comfort of players’ own homes.

The casino will keep adding new and exciting games every month.

Upon launch, the new casino will be offering more than 1,300 different games on desktop and over 500 titles on mobile.

Casino Planet will support English, German, Finnish, Swedish, and Norwegian languages. Supported currencies will include EUR, GBP, USD, CAD, INR, ZAR, SEK, and NOK, among others, which suggests that it would target and service players from some of the largest European markets, but also from the rest of the world.

Casino Planet is licensed and regulated by the Malta Gaming Authority, the UK Gambling Commission, and the Swedish Gambling Authority (Spelinspektionen).

Casino Planet Offers and Bonuses

Casino Planet arrives with a plenty of welcome bonus packages and other special offers and promises to always maintain a wide variety of promotions.

The casino offers 100%, max bonus £$€300 for all markets except Finland, Sweden, and India, plus 200 Free Spins as a welcome bonus. Finnish players will receive 100 Free Spins (20 a day) upon deposit. In Sweden, players will be offered 50 Free Spins for the Starburst slot upon deposit. And in India, players are treated to a 100% welcome bonus up to ₹30,000 + 20 Free Spins.

The main welcome package includes 100% up to £$€300 + 200 Free Spins for a first deposit, 50% up to £$€400 for a second deposit, and 25% up to £$€400 for a third and fourth deposit.

For Indian players, the welcome package includes 100% up to ₹10,000 + 20 Free Spins on Starburst for a first deposit, 50% up to ₹10,000 for a second deposit, and 25% up to ₹5,000 for a third and fourth deposit.

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Japan Casino Plan Likely to Remain Unchanged

Japan’s central government is not likely to push back a previously set license application timeline for the country’s first integrated casino resorts, according to a recent research paper from consultancy firm Global Market Advisors LLC (GMA).

The research firm further noted that Tokyo’s participation in the bidding process for the right to host one of Japan’s casino resorts is “not a matter of if but when.”

Japan legalized casino gambling in late 2016. Casinos in the country can only be part of larger multi-purpose complexes known as integrated resorts. Japan’s central government has authorized the development of up to three such properties during the first phase of casino market liberalization.

Cities and prefectures interested to host one of Japan’s first integrated resorts must find a private-sector partner in order to be able to participate in the license application process.

The application window is expected to open in January 2021 and to run through July 2021. According to GMA, that timeline would remain in place despite the fact that Japan is currently in a state of emergency amid the global Covid-19 pandemic.

The consultancy firm noted that if the application process was to be pushed back, “it is less likely that the integrated resort champion, Prime Minister [Shinzo] Abe will be spearheading the project.

Earlier this month, a minister from the central government told local media that they did not plan to change the application schedule.

GMA Expects Tokyo to Enter Race

GMA said in its recent paper that it believes “there are only six viable locations, with two of these – Nagoya and Tokyo – yet to formally raise their hands in the process.”

The four other prefectures, all of them having active efforts to participate in the casino application process, are Nagasaki, Osaka, Wakayama, and Yokohama, as noted by GMA.

According to the consultancy firm, it is “not a matter of if but when” Tokyo would announce its participation in the bidding process. GMA said that this could happen by the end of the summer following the re-election of Tokyo Governor Yuriko Koike.

In addition, the consultancy firm pointed out that “the addition of Tokyo could cause several operators and prefectures to potentially rethink their strategy.”

Earlier this month, the city of Yokohama announced that it had decided to push back the process for the selection of a private-sector partner in its effort to host one of Japan’s first three integrated casino resorts.

The city is now set to publish its integrated resort implementation policy and the application requirements for its request-for-proposal process for integrated resort operators in August instead of June.

Yokohama’s Mayor, Fumiko Hayashi said that despite the delay, their new timetable still fits comfortably within the timetable set out by the central government.

Source: Abe to stick to 2021 casino schedule, Tokyo to bid: GMA

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Playtech Names Interim Chairman, Postpones Hunt for Permanent One

Gambling technology giant Playtech has postponed the search for a replacement for Chairman Alan Jackson a year after the company announced his departure.

The provider of technology for the global betting and gaming sectors will reportedly appoint Non-Executive Director Claire Milne as interim Chairwoman.

Mr. Jackson is set to step down from his role at Playtech on May 20. He joined the company’s board in 2006 when Playtech floated on London’s AIM market.

Mr. Jackson then stepped in as Chairman in 2013. His departure was announced in May 2019 shortly after reports had emerged that Playtech shareholders were urged to vote against his re-election at the company’s General Annual Meeting.

The tech provider’s investors had turned sour on the company due to a remuneration package that awarded an 18% bigger base salary and 46% larger pension contributions to CEO Mor Weizer. The executive earned a base salary of €1.13 million in 2018, up from €950,336 in 2017.

Playtech’s shareholders had also grown impatient over other corporate governance reforms and bonus plans that saw the company’s Chairman, Mr. Jackson, receive £442,889 for 2018 and be treated to a company car.

Mr. Jackson and his Board had been subjected to heavy criticism by Playtech’s financial backers for not doing enough to make sure that Platech revised its remuneration policy in the face of two profit warnings published by the company due to increased competition and regulatory issues in core Asian markets.

Interim Replacement to Receive Significantly Less Money

Ms. Milne will reportedly be paid significantly less than Mr. Jackson, in line with what Chairmen at other FTSE250 companies get.

Playtech’s new interim Chairwoman formerly served as Chairwoman of the Isle of Man Gambling Supervision Commission and is a partner at Isle of Man law firm Appleby. She has been serving as a Non-Executive Director at Playtech since 2016.

Playtech is believed to have put its search for a new permanent Chairman on hold due to the global Covid-19 pandemic. The company said in February that the succession process was “nearing completion.”

However, sources familiar with the process said that while the search had been whittled down to just two candidates for the Chairman role, has now been pushed back due to the ongoing health emergency that has gripped the world.

Playtech has been affected severely by the widespread closure of its clients’ betting shops and the cancellation of sports worldwide. In addition, it should also be noted that its B2C division in Italy, Snaitech, has too had to bring its operations to a halt and has been bleeding money.

The company has said that its board has decided to take a 20% cut in response to the current situation. In addition, it has suspended all shareholder returns, including dividends.

Playtech has seen its shares fall by nearly 50% since the beginning of the year. Shares in the company closed at 209p on Friday for a total valuation of £624.7 million.

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Stars Group Shareholders Approve Overwhelmingly Flutter Merger

The Stars Group shareholders approved this Friday the Canadian gambling giant’s planned merger with Irish gambling group Flutter Entertainment to create a £10 billion powerhouse with more than 10 million customers worldwide and a star-studded brand portfolio.

News that The Stars investor backed the mega-deal emerged just days after Flutter shareholders approved it in Dublin, where the latter company is headquartered and where the combined group’s corporate headquarters will be located.

With approvals from both Flutter and The Stars’ shareholders, the merger has cleared two critical hurdles before closing.

In a statement on its official website, The Stars said on Friday that more than 99.99% of its shareholders backed the company’s combination with Flutter. And more than 99% of Flutter’s investors voted in favor of the deal earlier this week.

The Stars said that the deal’s closure is now subject to remaining regulatory approvals and customary closing conditions. The Canadian company expects the combination to be completed sometime in May.

Last month, the multi-billion tie-up obtained approval from UK’s Competition and Markets Authority and the Republic of Ireland’s Competition and Consumer Protection Commission.

In February, the deal was informally greenlighted by the Australian Competition and Consumer Commission. The merger is still subject to approval from the Australian Foreign Investment Review Board.

It also needs backing from members of the Pennsylvania Gaming Control Board. Australian and US regulators are expected to vote on the high-profile combination in the coming weeks.

Combined Group to Be Based in Dublin

As mentioned earlier, the enlarged gambling group will be headquartered in Dublin, where Flutter is currently based. The Irish gambling group will own approximately 54.64% in the combined business, while The Star will own approximately 45.36%.

The enlarged gaming and sports betting operator will have a premium listing on the London Stock Exchange and secondary listing on Euronext Dublin.

The merger is anticipated to help the combined group maximize growth in its core markets, including the United Kingdom, Ireland, and Australia, and to better position it to pursue US growth opportunities.

The Stars Group currently owns the PokerStars, PokerStars Sports, Sky Betting & Gaming, FOX Bet, and BetEasy brands, among others. Flutter is the owner of the Paddy Power and Betfair brands, as well as of FanDuel and Sportsbet.

The enlarged business will be led by Flutter’s current CEO, Peter Jackson.

News emerged earlier this month that The Stars would retire its Australian sports betting brand, BetEasy, after it completes its combination with Flutter. The enlarged group would pursue a single-brand strategy in the Australian market with Flutter’s Sportsbet brand.

The Stars also recently retired its BetStars sports betting brand to replace it with PokerStars Sports. The change occurred this past week, but the gambling group’s management indicated that it would introduce a new wagering brand back in August 2019.

Source: THE STARS GROUP SHAREHOLDERS APPROVE FLUTTER COMBINATION

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