Month: August 2021


PlayUp reverse takeover and platform acquisition collapse


first_img24th January 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Regions: Oceania US Australia Australia’s PlayUp has decided to cancel a planned deal to acquire US gaming platform 123gaming, and scrapped a deal for a reverse takeover that would have seen it listed in the Australian Securities Exchange (ASX). Australia’s PlayUp has decided to cancel a planned deal to acquire US gaming platform 123gaming, and scrapped a reverse takeover that would have seen it listed in the Australian Securities Exchange (ASX).The sports betting, gaming and fantasy sports operator had planned to complete a reverse takeover of renewable energy company Mission New Energy with the deal designed to fast track a public listing for PlayUp.However the deal was then scrapped after PlayUp discovered that Mission New Energy, which traded on the ASX under the MBT symbol, is suspended from trading on the ASX for failing to pay its annual listing fees. It also found that the business was not capable of trading on the US NASDAQ Stock Market while carrying out due diligence.These, PlayUp said, were just two of a number of misrepresentations made by Mission New Energy that were uncovered during due dilligence.“During our due diligence into MBT we identified several areas of concern that were not adequately addressed, and that were quite disparate to what MBT had represented to us,” PlayUp chief executive Daniel Simic explained. “Ultimately, they failed to deliver on what they had initially represented.“We requested meetings with their executive team to table and discuss these concerns which were not responded to,” Simic added. “It left PlayUp with no alternative but to terminate.”PlayUp also noted that Mission New Energy failed to provide accurate or reliable figures concerning the position of its creditors or subsidiaries. These could significantly impact the post-takeover company’s ability to trade, the operator noted, with queries about these issues raised during due diligence apparently ignored.Despite PlayUp cancelling the transaction, Mission New Energy claims that the operator owes it money, namely AUD$43,000 (£23,400/€27,000/US$30,500) in pre-trigger holding costs. However PlayUp claims that this money would only have been paid if the reverse takeover had been finalised.In related news, PlayUp, which operates the ClassicBet, Draftstars, Betting.Club, TopBetta, and MadBookie brands, has also pulled out of its proposed acquisition of US-facing blockchain iGaming platform 123gaming. The operator said that it had concerns about the ownership of intellectual property, the platform’s commercial viability, its supplier agreements, payment gateways and profitability.“We’d like to thank 123gaming for its honesty and openness in its dealing with us,” Simic said. “Unfortunately, the deal could not be completed having regard to the best interests of the key stakeholders in PlayUp.“PlayUp submitted alternative proposals to 123gaming which included offering PlayUp stock options to 123gaming shareholders, however 123gaming declined. We wish them all the best in their business endeavours moving forward.”123gaming chief executive Rob Earle said that while he was disappointed by the deal’s collapse, he still believed in the concept, and would look for other opportunities to deploy its solution in the US gaming market.PlayUp had planned to integrate the 123gaming platform as part of its drive to create a blockchain-powered online betting, gaming and fantasy sports offering.However the company is moving ahead with its acquisition of TopBetta and MadBookie from odds solutions provider The Bookmakers. It paid a further $750,000 towards the $6m acquisition cost on January 17, with a further $1m to be paid on January 29. Tags: Fantasy Sports Mobile Online Gambling OTB and Betting Shops Race Track and Racino PlayUp reverse takeover and platform acquisition collapse Topics: Sports betting DFS Horse racing DFS Email Addresslast_img read more


Webinar: Brazil: The impact of the pandemic on the sports betting roll-out


first_img This 60-minute webinar will discuss the current and potential changes in the Brazilian gaming market due to the impact of COVID19, with a particular focus on the roll-out of sports betting regulations, as a follow-up to the law passed in December 2018.Priorities have changed all over the world, professionally, economically, politically, and Brazil won’t be different.In this webinar we will discuss:– Where are at with the development of licensing and regulatory framework – how has the pandemic impacted on the timeframe?  – What are the prospects for further authorisation of other verticals – how the pandemic has influenced the political agenda for gaming? – What the future may look like, in the middle of so much uncertainty?Speakers:Deputy Newton Cardoso, President of the Tourism Commission (CTur), Chamber of Deputies, Brazil Itamar Pereira, Technical Manager, SECAP – Ministry of Economy André Gelfi, MD Brasil, Suaposta/Betsson Alessandro Fried, Chairman, BTOBet Email Address Uncategorized Subscribe to the iGaming newsletter This 60-minute webinar will discuss the current and potential changes in the Brazilian gaming market due to the impact of COVID19. Webinar: Brazil: The impact of the pandemic on the sports betting roll-outcenter_img This webinar is sponsored by BTOBet Topics: Uncategorized 29th April 2020 | By AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more


Betsson signs Betgenius sportsbook streaming partnership


first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Total revenue for the three months through to 30 June amounted to SEK1.53bn (£134.8m/€149.5m/$171.1m), an increase of 20% on SEK1.28bn posted in the same period last year. Betsson Group’s portfolio of sports betting brands will benefit from live streams for thousands of fixtures from a range of sports, including football, basketball, tennis and volleyball. Betsson recently revealed that it was able to achieve record revenue in the second quarter of 2020 despite “challenging” operating conditions caused by the novel coronavirus (Covid-19) pandemic. Sports betting Topics: Sports betting Subscribe to the iGaming newsletter The content focuses on fixtures played at off-peak times, in a bid to enhance round-the-clock player retention and enable Betsson to increase its sports betting revenue. Regions: Sweden Betsson put this down to year-on-year growth within its casino business, where revenue increased 40% to SEK1.29bn, representing 84% of the quarterly total. Richard Scott, director of trading at Betsson Group, said: “We’re constantly striving to deliver the best possible product and experience for our customers. The addition of Betgenius live streaming on a range of sporting events is a great way to complement the official data driven pricing. The round-the-clock coverage is particularly important as our client base continues to expand in numerous territories.”center_img “We’re excited to expand our partnership with Betsson Group and further enhance its international sportsbook offering.” Swedish online operator Betsson has signed an expanded content deal with Genius Sports Group’s sportsbook subsidiary Betgenius, to integrate its streaming service into its sportsbook offerings. It also announced in June it had agreed a deal with Colorado’s Dostal Alley Casino to launch online sports wagering in the state, in a venture that will also mark the operator’s entrance into the US market, planned for early 2021.Betgenius has continued to expand its client list this year, offering sportsbook content and data to new clients, and expanding deals with existing clients such as Italy’s Snai, online operator 888 Holdings and Gaming Innovation Group (GiG). Swedish online operator Betsson has signed an expanded content deal with Genius Sports Group’s sportsbook subsidiary Betgenius, to integrate its streaming service into its sportsbook offerings. Betsson signs Betgenius sportsbook streaming partnership 15th September 2020 | By Aaron Noy Eric Stevens, global sales director at Genius Sports Group, added: “Since entering the streaming space, we’ve put a real focus on acquiring official content that provides our sportsbook partners with unique, measurable value. Betgenius will supply the streaming rights and live trading for every fixture, which is powered by official data. Email Addresslast_img read more


Gaming Realms forecasts 55% revenue growth for 2020


first_imgBased on its performance and sales momentum in the period since publishing its first-half results in September, the developer said revenue for the 12 months to 31 December should reach £10.7m (€11.8m/$14.3m). Tags: Gaming Realms Online gambling content developer and distributor Gaming Realms has revealed that it expects revenue for its 2020 full year to increase 55% year-on-year, due to continued growth among its network of international partners. Full year results 2020 This came after Gaming Realms in the first half went live with Gamesys, Sky Betting & Gaming and 888 Casino in Great Britain, as well as with DraftKings in New Jersey in the US and Caliente in Mexico. 8th December 2020 | By Robert Fletcher As a result, Gaming Realms said it also expects adjusted earnings before interest, tax, depreciation and amortisation to reach at least £2.7m for the year. Gaming Realms forecasts 55% revenue growth for 2020 For the first six months of the year, revenue reached £5.2m, up 65.9% on the same period in 2019, as the developer noted growth in a number of business sectors. Analysing its performance in 2020, the developer said this forecast growth is down to the expansion of its partners around the world, as well as the launch of new Slingo games, and improvements across its other technologies. Revenue from licensing its content to third party partners reached £3.4m, up 103.5% on last year, while social gaming revenue rose 29.4% to £1.8m. Gaming Realms also noted that it has so far gone live with five new partners in the second half of 2020 – including Paddy Power Betfair in Europe – and rolled out four new titles using the Slingo mechanic. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Full year results 2020 Email Address In addition, the developer has applied for licences in Pennsylvania and Michigan in the US, with the aim of launching in these states during the first half of 2021. Subscribe to the iGaming newsletterlast_img read more


Betfair receives five-year Colombian igaming licence


first_imgIt also said that with the approval of the seventeenth authorised gambling website in the jurisdiction, the gaming sector in Colombia has proven itself to be an attractive opportunity for national and international businesses. Tags: Betfair Coljuegos Betfair receives five-year Colombian igaming licence Subscribe to the iGaming newsletter Valencia Galiano emphasised the importance of gambling with regulated operators in order to ensure security, the proper handling of personal and financial information and the availability of responsible gambling resources. Topics: Casino & games Sports betting Online casino Licensing Online sports betting Sportsbook The operator is expected to contribute COP$23bn (£4.8m/€5.4m/$6.5m) to the Colombian economy, the regulator said. Regions: Colombia Colombia’s gambling regulator, Coljuegos, has awarded an igaming licence to sports betting exchange Betfair, valid in the jurisdiction for the next five years. Betfair formed a partnership with sportsbook supplier BtoBet in October last year, to facilitate its entry into the Colombian market. The deal saw the operator combine its proprietary trading and risk management capabilities with BtoBet’s Neuron 3 platform. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Licensing “The portals authorised by Coljuegos guarantee the delivery of the prizes, the protection of data and the proper functioning of the platforms,” he said. 4th February 2021 | By Conor Mulheir Coljuegos president César Augusto Valencia Galiano indicated that the licence allows Betfair to operate betting on real sporting and non-sporting events, online slots, roulette and blackjack. “We must remind all Colombians that operating unauthorised platforms leads to committing a crime for which penalties ranging from six to eight years in prison and fines of approximately COP$272m for each establishment can be incurred; point of sale, outlet or vendor.” Growth in the industry is evidenced by the 3.8m player accounts now registered in the jurisdiction, it said, pointing out that online gaming has been live for close to 5 years having launched in May 2016. Results published by Coljuegos in November showed that it had collected over COP$2.8tn in gaming taxes since 2015. Gaming taxes collected in the jurisdiction are used to support Colombia’s public healthcare system. Email Addresslast_img read more


AS Roma announces new partnership with LeoVegas.news


first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Italy Sports 15th March 2021 | By Marese O’Hagan “LeoVegas.news was created with the aim of giving football fans exclusive and entertaining content,” Adele Incerti, head of marketing at LeoVegas.news, said. Email Address Topics: Marketing & affiliates Sports Football club AS Roma have announced a new partnership with LeoVegas.News, a sports site venture from online casino LeoVegas. Fans can now find AS Roma news and features promoted across LeoVegas platforms, along with the latest match reports and highlights.center_img “We are proud of this new partnership with AS Roma, not only because it allows us to add to the quality of our offering but because it also allows us to work alongside one of the biggest teams in Italian football and further gain the trust of our public, positioning us as an infotainment service that stands out for the quality of its content.” LeoVegas.news will become the official online infotainment partner of the club. In 2019, Italy’s advertising and communications regulator Autorità per le Garanzie nelle Comunicazioni (AGCOM) banned all direct and indirect gambling advertising, sponsorship and promotional communications. However, this ban does not apply to LeoVegas.news as it is not a gambling site. AS Roma announces new partnership with LeoVegas.news In turn, the LeoVegas.news logo will be featured on pitch-side LEDs during Serie A home matches at the Stadio Olimpico. LeoVegas.news will also avail of AS Roma’s digital content. Subscribe to the iGaming newsletter Tags: Partnership LeoVegaslast_img read more


Gator Gold Gigablox by Yggdrasil Gaming


first_img More than four thousand ways to win await in Gator Gold Gigablox. Go Live Date (expected):May 27, 2021Game special features:Gigablox are reels of colossal symbols. Each round, at least 1 Gigablox reel appears, with sizes going all the way up to 4×4. Multiplier wilds free spins are triggered by landing at least five free spins symbols. The number of spins equals the number of symbols. Landing additional free spins symbols during the session awards one spin for every symbol. During the whole session X2 and x3 Multipliers are added to the reels. Golden Gator Super High Pay Symbol is a premium symbol that pays from two-of-a-kindNumber of paylines:4096Number of reels:6RTP% (recorded/theoretical):96%Variance/volatility:HighNumber of symbols to trigger feature/bonus?:Five to trigger free spinsCan feature be retriggered?:NoNumber of free spins awarded?:Five and one more for each additional symbolStacked or expanding wilds in normal play?:YesStacked or expanding wilds in feature play?:YesNumber of jackpot tiers?:NoneAuto-play function?:YesOther features:Gigablox mechanic Gator Gold Gigablox by Yggdrasil Gaming Slots Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter You can play a demo of this slot here! At least one reel will spin colossal symbols, including wilds and 4×4 Golden Gator super symbols with one Gigablox symbol landing on each spin. In free spins, 2x and 3x multiplier wilds can appear with a 20,000x win potential! 10th May 2021 | By Aaron Noy Email Address Topics: Casino & games Slotslast_img read more


Saudi Arabia to host Formula One night race in 2021


first_img BCCI to form committee to take call on compensating domestic cricketers TAGSF1 night race in 2021Formula 1Red Sea city of JeddahSaudi Arabia to host Formula One night race in 2021Saudi Arabia will host a Formula 1 SHARE Latest Sports NewsSport WTC Final LIVE: Muttiah Muralitharan voted ‘Greatest Men’s Test Bowler’ of 21st century Facebook Twitter Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore Share on Facebook Tweet on Twitter Cricket Formula 1 Tokyo Olympics: Deepika Kumari to be sole entry to Tokyo Games as Indian women’s recurve team fails to qualify Saudi Arabia to host Formula One night race in 2021 Cricket Cricket PSL 2021 Playoffs: Schedule, Timing, LIVE streaming, list of champions; all you need to know Previous articleDream11 IPL 2020 Ratings : Mumbai Indians shines on rating charts as well, 6th week running MI matches are top ratedNext articleShubhankar opens with solid 4-under 67 to be tied-9th in Cyprus Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. ISL: Sunil Chhetri extends Bengaluru FC stay until 2023 Cricket F1 French GP 2021: Max Verstappen pips Lewis Hamilton to win French GP, Perez finishes 3rd WTC Final Live- Ind vs NZ: Kyle Jamieson bags 5th five-wicket haul in 8th Test, rattles India in WTC final Latest Sports News WI vs SA 2nd Test Day 3 Live: Start delayed due to wet outfield, SA lead by 149 runs – Follow Live Updates Latest Sports News by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likecio.comUnlocking the Success of Digital Transformation with Active Intelligencecio.comUndoE! OnlineTLC’s So Freaking Cheap Takes Penny-Pinching to the ExtremeE! OnlineUndo24/7 SportsIt’s Amazing To See How These NBA Stars Have Changed Since College24/7 SportsUndoGulf locales including Manama, Bahrain, and Abu Dhabi, United Arab Emirates, already host F1 races, which see A-list Hollywood stars, royals, billionaires, ministers and social media influencers gather for days of partying, discreet talks and deal-making.Last year, 21 cities hosted races, but that has been scaled back this year because of the coronavirus pandemic. Some cities in 2020 have hosted multiple races. Concerns about large crowds amid the pandemic have also caused most races to be held without fans.“Motorsports for us is very important,” Prince Khalid bin Sultan al-Faisal, chairman of the Saudi Automobile and Motorcycle Federation, told The Associated Press in an interview Thursday. “We would like to host these events as long as we can because our local people here in Saudi Arabia like to attend these events and be entertained and meet people from all around the world.”The kingdom did not say how long it’s contract with F1 will last, but the country has plans to build a race track in the capital, Riyadh, by 2030. Saudi Aramco, the kingdom’s oil and gas giant, is already a global sponsor of the heavily-sponsored race.The cost of hosting the F1 could exceed $100 million, though Prince Khalid said he also expects it will generate revenue for Saudi Arabia as the country races to diversify its economy away from dependence on the export of oil, which has plunged to less than $38 a barrel amid weaker global demand.One standout feature of the Saudi race will be the absence of champagne popping by the winners and alcoholic beverages flowing in the stands and at the after parties. Consumption of any alcohol in the Muslim kingdom is outlawed.“The priority is for our own people. We assure that we’re going to throw a lovely event, a nice event. People will not be concerned about if there is alcohol or not, they will come for the event— not for the alcohol,” Prince Khalid said. “We are proud of who we are and how we do things in Saudi Arabia.”The kingdom has experience hosting the electric Formula E series, which was held on the outskirts of Riyadh. Prince Khalid said international visitors then have respected the cultural differences.By hosting major sporting events, Saudi Arabia aims to draw attention to the sweeping social changes underway in the country and encourage Saudis to turn their attention to sports. Yet some big-name athletes have stayed away amid criticism the events are also an effort at “sportswashing” by diverting attention from the kingdom’s human rights record.Saudi Crown Prince Mohammed bin Salman’s reputation took a hit following international outcry over the killing of journalist Jamal Khashoggi by Saudi agents in Turkey in 2018.Human Rights Watch launched a campaign in October to counter what it says has been an effort by the Saudi government to spend billions of dollars hosting major events as “a deliberate strategy to deflect from the country’s image as a pervasive human rights violator.”“If we wanted to cover anything up, we wouldn’t open up our country so people can come and see our country and meet our people and talk freely with them,” Prince Khalid said when asked about such criticisms. “Maybe we do some things differently than others in the world, but for us we are improving, we are opening up, we have nothing to hide so there’s nothing to wash.”Hours before the Saudi announcement, the U.N. women’s rights committee issued a statement calling for the immediate release of Saudi women’s rights activist Loujain al-Hathloul, who has been imprisoned for two-and-a-half years on vague national security charges related to her calls for greater freedoms for women. The 31-year-old al-Hathloul planned to start a hunger strike from prison last week amid multiple postponements of her trial.She is among several activists, writers, economists and moderate clerics detained in recent years — part of a far-reaching crackdown on dissent overseen by Prince Mohammed as he consolidates power and pushes through an ambitious overhaul of the kingdom. RELATED ARTICLESMORE FROM AUTHOR YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factory|SponsoredSponsoredUndo Cricket Saudi Arabia will host a Formula One race next year, a move aimed at attracting well-heeled globe-trotting visitors and raising the kingdom’s profile internationally as a tourist destination.The kingdom said Thursday it will host the race in November 2021 in the Red Sea city of Jeddah, using scenic roads along the coast. Bengaluru Football Euro 2020, Switzerland vs Turkey LIVE: Switzerland to punish hapless Turkey; Follow Live Updates By Kunal Dhyani – November 5, 2020 last_img read more