Topics: Casino & games Slots AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Sherlock Holmes. A Scandal in Bohemia by Tom Horn Gaming Tom Horn’s latest video slot Sherlock. A Scandal in Bohemia, sees Sherlock Holmes and his loyal partner Dr Watson reunite to engage in a battle against all the odds as they try to get hold of a compromising photograph that once belonged to the King of Bohemia.Helping Holmes chase Irene Adler, players are showered with high paying symbols and awarded with two Bonus Games where they pick a win round to maximise the potential to multiply their bets. Chances for Free Spins intensify with every spin as players progress through this all-new take on Sir Arthur Conan Doyle’s classic detective story. 27th November 2018 | By Aaron Noy Email Address Subscribe to the iGaming newsletter Tom Horn’s latest video slot Sherlock. A Scandal in Bohemia, sees Sherlock Holmes and his loyal partner Dr Watson reunite to engage in a battle against all the odds as they try to get hold of a compromising photograph that once belonged to the King of Bohemia.
Subscribe to the iGaming newsletter 4th January 2019 | By contenteditor Lloyds, RBS & Santander say timeframes for the introduction of new tools have yet to be set Three of the UK’s biggest banking groups are exploring ways to support customers who are problem gamblers, although the trio have denied that definitive timeframes for the introduction of payment-blocking tools have been finalised.Lloyds Bank, Royal Bank of Scotland (RBS) and Santander Bank have all confirmed to iGamingBusiness.com that they are considering introducing new tools for clients that would allow them to block debit card transactions to certain sectors, including gambling.This would bring the trio in line with Barclays Bank, which introduced controls that give customers the option to block or limit transactions with gambling websites, lottery tickets and scratch cards, as well as at retail betting shops, casinos and race tracks in December 2018.While UK media has suggested that the three banks are likely to introduce such controls within months, all denied that launch dates had been set.“We are working on functionality for debit card holders to turn off a number of broad categories of spend, for example gambling,” a Santander spokesperson said.RBS, which also owns the high street banking chain NatWest, added: “We recently launched the ability for our customers to freeze their credit cards and set spending budgets using our mobile app, and are always looking at further ways to help customers manage their money.”Lloyds, which like Santander and RBS also told iGamingBusiness.com that it had not offered any guidance on when exactly such tools could be brought in, said: “We have plans to support our customers who need help with gambling.“Throughout 2019 we will be enhancing our customer communications so customers are informed and alerted to their gambling spend as well as introducing tools to improve self-service options such as gambling restrictions.“New card controls give customers more control over debit card transactions for extra peace of mind. This will allow users to quickly and securely restrict card usage, for example if a card has temporarily been misplaced or to avoid a card to be used in certain ways.”Barclays became the first high-street bank to enable customers to block transactions with gambling companies last month.After working with the Money Advice Trust and other advisers to develop the required tools, Barclays Mobile Banking app users can now block and control spending on gambling, supermarkets, restaurants, takeaways, pubs and bars, fuel and premium rate websites and phone linesEarlier in 2018, digital banking services Monzo and Starling Bank introduced voluntary schemes to allow customers to block gambling transactions. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Email Address Tags: Online Gambling Regions: UK & Ireland UK banks explore problem gambling spending controls Finance
Luxor Capital Group has been revealed as the new owner of the Ocean Resort Casino in Atlantic City, with the New York-based hedge fund set to invest heavily in the venue. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling 29th January 2019 | By contenteditor Subscribe to the iGaming newsletter Luxor Capital revealed as new Ocean Resort Casino owner Topics: Casino & games Sports betting Strategy Regions: US New Jersey Luxor Capital Group has been revealed as the new owner of the revamped Ocean Resort Casino in Atlantic City, with the New York-based hedge fund to provide capital for a series of improvements at the New Jersey venue. Luxor, which has no affiliation with the similarly-named property in Las Vegas, has set out plans to invest $70m (£53.2m/€61.2m) in the venue, providing the bulk of this funding itself, supported by additional investors. This commitment is expected to result in Luxor taking a controlling stake in the venue from AC Ocean Walk, which acquired the facility in January 2018. Ocean Resort Casino expects the strategic investment to close in early February, pending appropriate regulatory approvals and final documentation, with Luxor required to secure a New Jersey licence to facilitate the takeover. Ocean Resort Casino said the proposed investment would help fund various projects in 2019 and grant the venue more financial flexibility, so that it can focus on enhancing its guest experience moving forward. Planned improvements for 2019 include investment in a new buffet service, new suite and room products, as well as incremental investment in its casino offering. In addition, the venue plans to expand its entertainment programming and player events throughout the year. Previously known as the Revel Casino Hotel Atlantic City, the casino first opened its doors in April 2012, but was forced to close little over two years later after it declared Chapter 11 bankruptcy for the second time. After several failed takeover attempts, AC Ocean Walk acquired the facility in January 2018, reopening the venue in June that year under its new name. It is not yet clear whether the site will rebrand under its new owner. Over the past year, Ocean Resort Casino has undergone a major improvement project. The facility now has 138,000 square feet of gaming space with more than 100 table games and almost 2,000 slot machines, a sportsbook – operated in partnership with William Hill – a meeting and convention space, and a 5,000-seat concert hall. Ocean Resort Casino also offers online gambling services to customers through a deal with GAN. This includes real-money online gaming and simulated gaming. “We are incredibly proud of the progress our team members have made in establishing Ocean Resort Casino as one of the premier gaming and leisure destinations in the United States,” Ocean Resort Casino CEO Frank Leone said.Image: Farragutful Casino & games Email Address
Julian Borg-Barthet, director of business development, RISQ, talks to iGB about the scope of the US sports betting market and their plans for 2019.In an exclusive interview from ICE Sports Betting USA, we asked Borg-Barther about how RISQ is positioning itself in the new US environment, as well as what their thoughts are on how the market will continue to develop. Regions: US Topics: Sports betting Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter RISQ at ICE Sports Betting USA Email Address 9th April 2019 | By Josephine Watson Sports betting Julian Borg-Barthet, director of business development, RISQ, talks to iGB about how the company plans to approach the changing US market
Email Address Finance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Payment processing solutions provider Nuvei Corporation has reached an agreement on the terms of an all-cash deal to acquire payment technology business SafeCharge International. 22nd May 2019 | By contenteditor Topics: Finance Tech & innovation Regions: Europe US Tags: Mobile Subscribe to the iGaming newsletter Nuvei to acquire SafeCharge in $889m deal Payment processing solutions provider Nuvei Corporation has reached an agreement on the terms of an all-cash deal to acquire payment technology business SafeCharge International.Texas-headquartered Nuvei, via a wholly owned subsidiary Nuvei Bidco, will acquire the entire issued and to-be-issued ordinary share capital of SafeCharge.It will pay $5.55 – or £4.36 based on the exchange rate at the time of the announcement – in cash for each SafeCharge share, representing a 25% premium on the closing price of £3.50 per share on May 21.This also represents a 41% premium on SafeCharge’s three-month, volume-weighted average share price of £3.09 to May 21, and values SafeCharge at approximately $889m.The SafeCharge board believes that these terms are in the shareholders’ best interests, with its directors committing to selling their 3,443,579 shares, representing 2.3% of the company’s issued shares.“The board is unanimously recommending this all-cash offer by Nuvei to buy SafeCharge at an attractive premium, which represents compelling value for SafeCharge shareholders,” SafeCharge chairman Roger Withers said.“The price premium Nuvei is offering reflects SafeCharge’s leading position in the high growth e-commerce payments market, the strength of its own technology platform, its diversified and stable customer base and the significant experience in the payments industry of SafeCharge’s management team.“It is for these reasons that the board is unanimously recommending this transaction to SafeCharge shareholders.” In addition, the payment processor’s largest shareholder, Playtech founder Teddy Sagi, who holds 103,995,185 SafeCharge shares, or 68.3% of its share capital, has committed to backing the acquisition.SafeCharge chief executive David Avgi said that both his company and Nuvei had built up strong positions with minimal geographic, customer or industry overlap.“The acquisition should enable SafeCharge to benefit from Nuvei’s North American footprint and sales and marketing capability to fulfil and accelerate its growth ambitions,” Avgi explained.“The board believes that our businesses have similar shared entrepreneurial cultures and is confident that Nuvei’s plans to invest in and grow the SafeCharge business mean the proposed transaction is positive for SafeCharge and its stakeholders as a whole.”Shareholders will remain entitled to a final dividend of 7.22 pence per share, as announced following the publication of the company’s full-year results for 2018. This is to be paid on May 24.“We are very excited about the combination of SafeCharge and Nuvei, which will create a truly global, leading, payments technology solution provider with significant scale,” Nuvei chairman and CEO Philip Fayer said. “Our businesses are highly complementary from multiple perspectives including geography, technology, key verticals and customers.“We think the technology platform SafeCharge has developed is exceptional and will serve as the go-forward foundation from which we will continue to grow the combined business and provide best-in-class products and services to our customers and partners.“Lastly, we look forward to welcoming SafeCharge’s highly experienced management team and employees to the Nuvei family.”Once the deal is completed, Nuvei will work with SafeCharge’s senior management to evaluate its business operations, with a view to refining the structure of the new entity created through the acquisition. It warned that this may result in a reduction in staff employed in support functions such as finance, human resources, IT, operations and legal.While a comprehensive plan had not yet been finalised, this was likely to see the combined company’s headcount reduced by up to 5%, it said.The scheme document, setting out the full terms of the acquisition, and notices of the Scheme Court Meeting and General Meeting, at which SafeCharge shareholders will vote to approve the acquisition, will be published within 28 days.It is expected that these meetings will be held in July, with a view to completing the transaction in the third quarter of 2019.SafeCharge’s board has projected revenue in the range of $155m to $165m for its 2019 financial year, and adjusted earnings before interest, tax, depreciation and amortisation between $40m and $42m.
Topics: Sports betting Strategy Subscribe to the iGaming newsletter The betting industry is renown for being a technologically advanced beast, but it faces an unprecedented challenge and an uncertain future. The impact of novel coronavirus (Covid-19) on operators’ businesses is being revised daily, and whilst the ever-present financial threat of corruption remains, there are reasons to be optimistic, writes International Betting Integrity Association (IBIA) chief executive Khalid Ali. A new challenge and an ongoing threat Tags: Mobile Online Gambling OTB and Betting Shops Email Address Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 27th March 2020 | By contenteditor The betting industry is renown for being a technologically advanced beast, but it faces an unprecedented challenge and an uncertain future. The impact of novel coronavirus (Covid-19) on operators’ businesses is being revised daily, and whilst the ever-present financial threat of corruption remains, there are reasons to be optimistic, writes International Betting Integrity Association (IBIA) chief executive Khalid Ali.This year looked like being another year of exciting opportunities and growth for the betting industry, with the opening of the US and South American markets of particular interest.These two markets sit within a global industry worth in the region of $73bn in 2019, according to leading market data analysts H2 Gambling Capital, and where the interactive sports betting segment had been predicted to nearly double over the next five years.All of these figures are of course now being revised daily, if not hourly, as sports around the world are suspended or postponed, and in some cases cancelled. At the time of writing, H2 forecasts a 12.1% year-on-year decline in global gambling revenue to $415bn, below 2016 levels.The industry has the tools to bounce back From what appeared to be a potentially rosy year ahead packed with major sporting events and business opportunities, we now face a world where share prices have plummeted and operators are under financial strain.Filling previously abundant sportsbook catalogues is understandably proving challenging at present. The world, and the betting industry, will very likely look somewhat different when we come out of this, and come out of it we will. Sport will return and operators will be ready to meet the consumer demand that global digitalisation and product innovation has helped nurture.When that happens, I’m confident that many responsible regulated operators will be well-placed to bounce back. They’re aware that customer appetite is there once the product returns and that demand has grown.Sports betting has widened in scope, with operators responding to customer demand for betting on more lower-level local sporting events, which is helping to fill some of the present product void. And it’s not just traditional sports; we could well see betting on the US Presidential election breaking previous records. This product diversification has helped operators promote their brand and engage new audiences, and it will help to drive the inevitable recovery.Suspicious alerts surge before sports shut-down Whilst the current internal sector focus is quite rightly on product and business viability concerns, the vulnerability of sports and betting to corruption remains an ever-present threat to operator finances.IBIA saw a surge of suspicious betting alerts in the week leading to the global sports shutdown, highlighting the continuing business threat, ingenuity and opportunism of match-fixers. Even losing half of March has not stopped the first quarter of the year being a new record for IBIA alerts. Whilst there has since been a lull, we fully expect the business threat to rise as sport returns.The need to safeguard the industry from malign influences is of course the central reason for IBIA’s existence. Under its banner, many of the largest and most reputable sports betting operators have joined forces, forming a united front to protect the integrity of sport and the betting product, which even in these days of limited product remain under attack.With a growing international membership base covering around 50 online and retail betting brands, IBIA has used its experience as the global leader in its field to protect its members’ businesses from fraud related to match-fixing. And that business threat seems more prevalent than ever in these most challenging of times.Product integrity remains paramount for sector integrity As and when the industry moves out of this global slump, and it will, we must remember that consumers desire a well-regulated product: they favour reputable operators offering fair betting on clean sport. Operators therefore have a vested interest in making sure that the activities people bet on are free from corruption.They also have the hard data on threats to integrity that can be used to formulate effective policy to combat the problem. For responsible licensed operators, trust and reputation is everything and that remains the case even in these most challenging of times.Indeed, it is clear that corrupters are still operating and seeking to exploit the current situation. For its part, IBIA will continue to utilise its unique customer data-led global monitoring platform to protect its members’ businesses and sports from fraud. We’ve worked hard to establish our credentials with sports and regulators around the world.They know how valuable our members’ customer data is to advancing investigations, and they also know that we are committed to working in partnership and to exploring all practical and legal avenues to utilise the powerful tools at our disposal.Meeting that challenge, and protecting sports and our members’ regulated betting products, is exactly why IBIA exists. Whilst there are quite understandably more immediately pressing business concerns for operators, maintaining the integrity of the product remains a critical and long-term requirement.Without it there is no consumer trust and there will be no industry bounce back. But responsible operators know this and it is why IBIA members have invested so much in integrity over the years. It is that product integrity and consumer trust that will help to underpin the sector’s recovery.
26th March 2020 | By contenteditor People William Hill seeks new CFO as Marsh pulls out of appointment William Hill has recommenced its search for a new chief financial officer after Adrian Marsh, who had previously agreed to take on the role, withdrew from the process due to the ongoing situation regarding novel coronavirus (Covid-19). AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling OTB and Betting Shops Topics: People Strategy William Hill has recommenced its search for a new chief financial officer after Adrian Marsh, who had previously agreed to take on the role, withdrew from the process due to the ongoing situation regarding novel coronavirus (Covid-19).The bookmaker appointed Marsh as its CFO last month to replace the outgoing Ruth Prior. It was also agreed that March would become an executive director on the William Hill board.However, William Hill said that given the current unprecedented circumstances related to novel coronavirus (Covid-19), Marsh has instead opted to remain with international packaging business DS Smith.Prior, who is currently serving out her notice period, will continue as CFO while the bookmaker restarts its search for her replacement. She had announced her intention to step down from the role in January.“Whilst we note the reasons for Adrian’s decision, William Hill is focused on taking the necessary steps required in these unprecedented times to protect the interests of its stakeholders, and we will provide an update in due course,” William Hill’s chairman Roger Devlin said.This is the latest major setback William Hill faces as a result of Covid-19, with the bookmaker earlier this month announcing that it expects the virus to have a material impact on revenue.While the operator said it was too soon to determine the impact of the pandemic, it estimated a decline in earnings before interest, tax, depreciation and amortisation of between £100m (€109.0m/$119.1m) and £110m in 2020.As a result of this anticipated disruption, the bookmaker suspended its 2019 dividend to retain financial resources within the business. Subscribe to the iGaming newsletter Email Address
Subscribe to the iGaming newsletter Email Address Dan catches up with Lord Foster of Bath, Chair of Peers for Gambling Reform.Podcast: Play in new window | Download Topics: Uncategorized Uncategorized AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 11th November 2020 | By Aaron Noy The Gambling Review Podcast: Episode 3
“The board and management are committed to continue adding value for shareholders and we’re looking forward to updating the market with our progress throughout 2021.” Eligible shareholders who held more than 50,000 shares on the record date will be allocated 62% of the amount of SPP shares they applied for. Excess funds as a result of the scale back will be refunded to applicants without interest. 20th January 2021 | By Robert Fletcher Funds generated via the scheme will be used to support BetMakers’ proposed acquisition of Sportech’s Tote and Digital business, as well as to accelerate its global expansion plans. BetMakers raises AUD$26.2m from oversubscribed share purchase plan Australian supplier BetMakers has revealed that it has raised Aus$26.2m (£14.8m/US$20.2m) through an oversubscribed share purchase plan (SPP). Regions: Australia Tags: BetMakers Shares This, BetMakers said, will ensure long-term retail supporters have a chance to increase their shareholdings and reward retail investors that hold a meaningful number of shares, as well as consider the high-level of demand for SPP shares. The supplier initially aimed to raise $10m via the purchase plan, which saw eligible shareholders given the opportunity to subscribe for up to $30,000 of new fully paid ordinary shares at an issue price of $0.60 per share. BetMakers will issue approximately 16.66 million SPP shares on 27 January, with these to rank equally with existing shares from their issue date. Earlier this month, an overwhelming majority of Sportech shareholders voted in favour of the deal to sell its global tote business BetMakers for £30.9m. Finance Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Management In relation to the oversubscribed purchase plan, BetMakers has set out details of a scale back scheme. “Through organic growth and acquisitions, we have rapidly added significant shareholder value which now positions BetMakers as a truly global supplier to the international wagering industry,” BetMakers chief executive and managing director Todd Buckingham said. Email Address
Cricket TAGSBrendon McCullumIndian Premier LeagueIPLIPL PLAYER AUCTIONIPL Season 12Mohammed ShamiYuvraj Singh SHARE by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGrammarlyImprove Your Spelling With This Helpful Browser ExtensionGrammarlyUndo24/7 SportsIt’s Amazing To See How These NBA Stars Have Changed Since College24/7 SportsUndoE! OnlineTLC’s So Freaking Cheap Takes Penny-Pinching to the ExtremeE! OnlineUndoThe IPL 2019 Player Auction list is out with a total pool of 346 cricketers set to undergo the hammer in Jaipur on December 18, 2018. While 1,003 players had initially registered, the final list has been pruned after the eight franchises submitted their shortlist of players, states a Press release.Also Read: IPL Auction: No Indian in ₹2 cr bracket; Yuvraj back with ₹ 1 cr…With ₹2 crore as the highest reserve price, nine overseas players – Brendon McCullum, Chris Woakes, Lasith Malinga, Shaun Marsh, Colin Ingram, Corey Anderson, Angelo Mathews, D’Arcy Short – have opted to be slotted in the highest bracket. There is no Indian in the top base price bracket.Jaydev Unadkat, last season’s top Indian grosser with a whopping final bid amount of ₹11.5 crore leads the pack among Indian players with a base price of ₹1.5 crore. Former Kings XI Punjab all-rounders Yuvraj Singh and Axar Patel have set their base price at ₹1 crore.With ₹1.5 crore as base price, Dale Steyn and Morne Morkel will hope to return to action for the 12th season of the VIVO IPL. Among the Indian quicks, Mohammed Shami has set his base price at ₹1 crore while Ishant Sharma will invite the first bid at ₹75 lacs. The lanky seamer had failed to find a buyer for the past two seasons.Click Here for the final list of the players for the IPL Season 12 Auction.The eight franchisees will turn up in the auction hall with a total ₹145.25 crore to buy up to a maximum of 75 players during the one-day auction process. WTC Final Day 3 LIVE Score: Another blow for India, Wagner dismisses Ajinkya Rahane; IND 182/6; follow Live Updates Cricket Share on Facebook Tweet on Twitter YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndo Facebook Twitter By Kunal Dhyani – December 12, 2018 This Day That Year: Australia thrashed Pakistan to lift their 2nd World Cup title RELATED ARTICLESMORE FROM AUTHOR Cricket WTC Final Live: Kyle Jamieson continues fine Test form, rattles India’s middle-order with venomous swing Euro 2020: Belgium suffer another blow, after Castagne now Thorgan Hazard ruled out Cricket WTC Final Live: Virat Kohli continues century drought as Kyle Jamieson wins IPL team rivalry Cricket F1 French GP 2021 Live: Max Verstappen vs Lewis Hamilton today at 6:30 pm — Follow Live Updates CricketLatest Sports NewsSports BusinessNewsSport Total 346 players have been shortlisted for the Indian Premier League Season 12 auction at Jaipur on December 18 following a nod from the franchisees.Yuvraj Singh, put back in the auction pool by Kings XI Punjab, still finds the team owners interest as he seeks yet another year in the cash-rich league. To stay in contention one of the T20 cricket’s biggest talents has slashed his base price by 50% to ₹ 1 crore. The cricket icon figures in the IPL auction short list alogn with Axar Patel and various other international stars. Cricket Formula 1 Cricket Previous articleThe Test dedicated to cancer crusaders to have CA Pink Village at SGCNext articleCricket Australia’s ‘sunscreen’ solution to draw crowds to Perth stadium Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. PSL 2021 Playoffs: Schedule, Timing, LIVE streaming, list of champions; all you need to know Virat Kohli completes 10 years in Test Cricket: 10 things you should know about India skipper- check out LIVE Cricket Score IND vs NZ WTC Final: India VS New Zealand Live score, ball by ball coverage, Virat Kohli starts Day 3: Follow… Cricket Football WTC Final LIVE: Shubman Gill declares, ‘Total above 300 will be really competitive score for us’ IPL Player Auction LIVE Update: Yuvraj in final 346 to go under the hammer