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It is important to recognise that at the end of Q1 we were a team of just five employees working out of a small office in Malta, but now in Q3 we are double that with a new sales office in Gibraltar, a new Polish office and a second games studio in Ukraine.
In addition to the increased workforce, a six-figure upgrade of our IT systems means we are now in a position to take the business to another level, scaling up accordingly.
Major operator Unibet went live in Q3 through dotcom and also through two nationally-regulated markets in Estonia and Belgium which is a very exciting step for Yggdrasil.
In addition, we are thrilled to announce that we have just signed Betsson Group. These are exciting times for Yggdrasil with so many new operators joining us over the next few months, as well as new games being introduced and the much anticipated launch of Lotto7.
We have a strong belief in our ability to support some of the great names in the industry with some great games.
All rights reserved. We have learned a lot and rigorously tested our platform and processes and intend to make a few positive changes to the business and the platform following our experience.
Investors need to be registered on gamcrowd. They will then get access to the GamCrowd pitch video, business plan and financial projections.
The platform gives potential investors the chance to ask the founders questions about the business and these are all made public so other interested parties can share the same information.
EIG runs from the October in Berlin. This year the format has been substantially revamped and it now has a specific focus on start-ups and fundraising, including a strong presence from GamCrowd.
All five finalists will receive a substantial marketing boost including being given a free stand in the start-up village.
They will be able to meet many of the industry veterans who have invested in GamCrowd; pick up ideas, discuss their plans and make valuable contacts throughout EIG.
ANALYSIS Given the problems that some start-ups in the gambling industry have attracting investment apparently 9 out of 10 VCs have to pass on gambling investments then an industryspecific funding mechanism could attract a lot of attention.
Although crowd-funding is a new style of raising investment, the fact that GamCrowd has shown that it can be done albeit using its own platform should encourage other start-ups to give it a go.
In its interim results, Sportech revealed that it generates 64 per cent of its revenues from US-based business interests, although the Football Pools could soon reassert itself as the new website switches onto the Nyx platform to offer greater content, flexibility and CRM to drive new customer acquisition.
Group revenue rose for the first six months of the year by 1. We are expanding our retail betting estate, developing an online betting offer on horseracing and rolling out iGaming products as regulation allows.
Like all companies with interests in the US, the reported results have been negatively impacted by the strength of Sterling.
On a constant currency basis the Group remains in line to meet its expectations, although at current exchange rates the reported result will be adversely impacted for the full year.
We enjoyed an exceptional first half of the year. However, our outlook for the whole year remains unchanged, given the absence of major sporting events in the forthcoming months.
Gross win from online betting surpassed that from retail betting for the first time, reaching Retail betting saw a moderate decrease in the Czech Republic, while it remained stable in Slovakia and grew year-on-year in Poland.
Greek monopoly operator OPAP has reported improved results in the second quarter of with gaming revenues rising 8 per cent to The performance apparently beat market forecasts which had expected a downturn in gaming revenues for OPAP.
Growth in the online business continues to be very encouraging, in particular in Coral. Gross win margin for the quarter was up 1. Coral said that customers continued to respond well to the online and mobile user experience, resulting in strong spend per head levels; sports stakes were per cent ahead of last year with sports gross win per cent ahead.
Bet in play stakes increased by per cent year-on-year primarily driven by the launch of live streaming in January. The firm said that the first of the necessary shop closures expected to take place during the autumn.
Despite the group posting a 7. It has seen the recruitment of a dedicated eight person wagering marketing team, the engagement of a leading advertising agency and the creation of a new wagering brand ready for launch that will provide a seamless customer experience across all our sales channels.
Significantly, the new arrangements provide for lower wagering tax outcomes and retain the right to offset race field fees against product fees, enabling us for the first time to fight back against the.
The financial firepower, this enhanced deal provides, will be reinvested in driving the performance of our Queensland wagering business in FY15 and beyond.
The financing will be via a senior bridge loan and will be available to GTech for 15 months, after which the company is expected to issue bonds to refinance it.
GTech said in a statement that 45 percent of the loan would be denominated in euros and the rest in US dollars. Unibet chairman Anders Ström has sold , shares, corresponding to approximately 3.
Larsen oversaw the acquisition and integration of Vernons. The appointment of Bjarke will further strengthen the Board and we look forward to working closely with him to continue driving growth for our shareholders.
Rank is starting to integrate its land-based casino promotions to those it offers online, to good effect.
These focused on improving the value for money for customers, tightening cost controls and operating a more focused capital expenditure programme.
Given the 21 per cent increase in H2 operating profit versus H1, it would appear that the action taken has been highlight successful.
The Group is well positioned for future growth with the cut in bingo duty, major capital investment programmes planned at.
In the short term the introduction of a digital point of consumption tax will impact performance but our strong brands and market leading positions ensure that the Group is well placed and provides long-term opportunities.
As regards regulation and taxation, Rank added that the reduction in bingo duty would allow the development of new premises, but warned that the application of remote gaming duty.
The Group anticipates the majority of the duty cost will impact digital profitability. Following the ruling Rank repaid amounts in May of this year.
However, the firm has been granted leave to appeal by the Supreme Court, with the appeal hearing due to be held on 20 April The firm believes it needs to increase digital capability to meet the needs of customers, and said it will support this aim through investment in marketing and technology desktop, laptop, and mobile.
We are constantly evolving our horse racing offer and our exciting move into greyhound data provision is also imminent.
In addition, John Bateson and Jonathan Comerford have resigned as non-executive directors. Dionne arrives at BMM with eight years of. Despite being in the online game for some time, Rank is still playing catch-up with its digital business.
It is working to make the most of the competitive advantage its land-based business provides. In addition to this successful marketing campaigns have led to a 46 per cent increase in venue customers playing on grosvenorcasinos.
With an emphasis on customer needs and player experience, Playtech has added supplementary features to its web, mobile, land-based and live offering and continues to capitalise on its customer focused strategy.
The global growth in mobile gambling is supported by technological evolution such as the rollout of 4G services, as well as the increasing willingness and confidence of consumers to transact via their mobile devices.
Mobile now represents over 10 per cent of overall revenue and is expected to remain a significant driver of future growth.
Playtech is the supplier of choice to the global online gambling market and we look to the future with confidence and optimism. Her expertise in the Lottery sector is invaluable and Louise is already proving a great asset for both BMM and our clients.
He had previously been group head of planning and analysis at the firm. This enables us to offer the best gaming experience in the market.
Ante Post: What the bookies say Football may dominate, but golf will be where a lot of the big action will be in September thanks to the Ryder Cup.
The Premier League is well underway and we also look forward to the Champions League group stages resuming on the 16th and 17th. Reigning champs Real Madrid are going to be very difficult to beat with the likes of Ronaldo, Rodriquez, Bale and Kroos lining up each week.
Arguably the biggest event of the lot will be the Ryder Cup, which takes place at Gleneagles at the end of the month. Team Europe will be hoping Rory McIlroy continues the fine form which has seen him claim two Majors this year, as they look to claim their third victory in a row over the Americans.
Two huge golf events take place in the month first the culmination to the US Tour Season where the top thirty money earners compete in the Tour Championship at East Lake.
Then on the 26 September the Ryder Cup commences at Gleneagles both will be substantial betting events especially The Ryder Cup where Betting In Play will be unprecedented in stakes where bettors take the shorter prices in all formats.
CEO Although the F1 season would not be the most Bet competitive in terms of an overall betting event as Mercedes appear to be dominant.
Racing agrees fixture process for next three years he Board of the British Horseracing Authority BHA has approved the process by which the pool of BHA Fixtures will be allocated to racecourses as part of the compilation of the Fixture List.
Under the system, which has been developed in con-. Each racecourse will be given a rating based on their prize money and sporting performance which, in turn, will determine how many meetings from the pool of around BHA Fixtures.
The model is designed to ensure a level playing field and to enable the allocation of BHA Fixtures to be spread among a greater number of racecourses than has been the case previously.
In identifying the most appropriate process. We also wanted to ensure we addressed the ongoing concern about field sizes and the need to reduce the number of uncompetitive races.
This will have the added advantage of allowing smaller, independent courses to compete with large groups for fixtures, providing a greater opportunity for variety and geographic spread of fixtures.
As a result I was asked to speak at EIG about branding in the gaming industry. In short, our brief was to help Clarion to make its brands work harder.
We split this challenge into three areas: firstly, we reviewed how we could use the main Clarion brand to better deliver the exciting new business strategy that is currently being rolled out.
Then we took this new brand and used it to redefine and upgrade the nature and quality of products and service levels the business offers. This was accompanied by a review of the wide variety of Clarion subbrands that have emerged over the last few years.
We have rationalised them, clarified what they offer and to whom, and reorganised them to work as a simple, strong portfolio. By doing this, communication becomes easier and more effective.
What has struck you most about working with Clarion and getting to know the team? Can you explain the journey from being a product to a brand?
In broad terms, a product is chosen by comparing what features you get for how much you pay. Products are effectively commodities, so if the price goes up customers switch to a.
A brand is chosen because, at the same price, customers prefer it over its competitors. This provides enormous benefits not only to the brand owner but to its customers as well.
The beginning of the brand journey requires you to understand what you can do to make your customers prefer your product over its competitors.
The rest of the journey is spent delivering these benefits. What is the value of branding and how will stakeholders notice or benefit? Stakeholders will begin to notice a difference to the experience of engaging with every part of the Clarion gaming portfolio.
This will include clearer and more relevant communication, enhanced levels of customer service, more positive surprises and a more enjoyable and rewarding experience overall.
This may not all happen overnight, but over time we expect stakeholders to be clearer how the portfolio fits into their commercial lives, and to look forward to meeting smart people and doing good business by engaging with the Clarion brands.
The next Clarion event will be EiG in Berlin - will readers benefit from your input and if so in what areas? It will feel fresh, more exciting, more relevant and easier to enjoy than ever before.
I believe there will be a depth of iGaming knowledge not previously shared in Macao. Macao Gaming Show will have a floor area of over 10, m2.
Exhibitors and buyers eyeing the Asian market will be coming from all corners of the world. The event covers six gaming industry segments; gaming equipment and accessories, gaming promoters junkets and VIP clubs, casino fixtures and fittings, promotional services and memorabilia, food and beverage and entertainment and performance.
Delivering con The Levy Board, or at least the mechanism it oversees, has been in constant review over the past ten years, and this summer has seen two government consultations on the scheme.
Hats should be tipped, therefore, to the management team that keeps things moving. We have been able to deliver continued improvement in our financial position in both income and capital.
This has been achieved against a background of greater accord and understanding between betting and racing, providing evidence of the value of the Board on which many of the impor-.
It is, I believe, a very useful forum for discussion between them and provides a platform for continued discussions elsewhere.
Consistent with this, the 53rd Levy Scheme was settled ahead of the deadline of 31 October as had been the case for the 52nd Levy Scheme.
In terms of our distribu-. This level of reserves now provides both a degree of comfort in our future planning and has also enabled us to reintroduce racecourse loans, a facility much appreciated by racecourses.
These figures compare to actual spend on a calendar year basis of. It is sometimes said that one area in which the Levy system is flawed is that it is confrontational, setting one side of the industry against the other.
This is a view which I have never shared. Indeed, as I have said, I believe that the presence of various parties around the Board table is an advantage.
We do not seek confrontation, let alone litigation, but agreement and accord. Even in commercial negotiations the conversation has to start with one side making an offer which is exactly what happens in our world.
In line with this view, and the benefit we seek to bring to the industry, I was delighted to be asked to facilitate discussions which began in the spring of last year between some of the key stakeholders in.
One entry per bet type. Data for August. Bet - 0. Chart supplied by: Oddschecker. Calculated on market share of betslip clicks from Oddschecker.
The aspiration in these discussions was the achievement of a multiyear accord which would be complementary to the Levy system, with the additional voluntary contributions offered by the bookmakers to be administered through the Board.
Concerns continue to mount within the B industry around the costs related to horse racing and the provision of racing content.
Clearly, www. We now have the products, the platforms, the people and the brand in place to deliver. POKER win. Our preparations include strategies to mitigate some of the financial impact of the Point of Consumption Tax for whilst continuing to ensure that we provide the most enjoyable gaming 8 6 experience to our customers.
What is absolutely crucial for online operators is the ability to engender a feeling of trust, integrity and familiarity with the games offered.
In a marketplace where acquiring and retaining players is what drives business, Content always has and always will be King.
In addition, we will continue to use our estate to complement our online business, including targeting the substantial online spend of retail bettors with a leading multi-channel offer.
B sales ingg. Bookmakers to look at employment terms and conditions. B Ladbrokes hails SSBT impact on football betting racing with the winning favourite strike rate over the first six months being After rejecting a second undisclosed bid from Intralot, the HRDAF instead launched an international open tender for the grant of the exclusive right to organise and conduct mutual betting on horse races in Greece, for a O period of twenty years.
Local authorities are seeking remedial action from T licensees in such instances. Some licensees have so far introduced a range of measures in response, for example, improved training schemes for their employees; the employment of thirdparties to conduct quarterly test purchases of their premises; have re-sited CCTV to provide employees with better sight of customers entering the premises; or are introducing physical barriers to agerestricted areas at times where they cannot be monitored.
He is currently a non-executive director of Gala Coral Group; chairman of Regency Casinos in Greece; and a non-executive direc- tor of Peermont, a South African gaming company.
There has been a well-monied lobby group disseminating what the industry would call highly spurious data to MPs which has found itself into some debates.
They will be shocked when they learn the truth and The DCMS has seemed open to discussion with the gambling industry in the past, with the more damaging measures being railroaded through by Treasury.
T The race meetings continued to be a great success after the war through the 50s and 60s, and on 14 September, the Queen had her first success at the course when her horse Menai, ridden by Geoff Lewis, won the Bushbury Maiden Plate.
Operators are coming to terms increasingly with taking prime responsibility for their products, which are fun for most but pose real risk of serious harm for some.
That investment, in addition to the prospering rela- tionship with Ladbrokes, has ensured a smooth and successful rollout process for the Clarity cabinets.
B LBO Content In addition to this comes the option for GPS clients to take either raw, un-margined prices for firms wishing to add their own margin applicator or S pre-margined, market ready, odds.
With cost control never more important in the betting shop operation, BetMaker speeds up bet translation and allows cashiers to process up to ten bets a minute.
The success of Badgemaster has been achieved through continual growth and N B2B signage systems R et ai l www. Partnering with Playtech and utilising their industry leading casino platform allows us to create another exciting chapter in the development P of Sky Betting and Gaming.
This game is unique in every way, from the reel structure and Y launched as an English-language only product in , is now the first poker educational site available in Russian and Serbian, while the complete version will also be available in Spanish, Portuguese, Thai and Chinese.
It uses a simple single search entry box similar to that utilised by popular search en- gines, making it easier for the trace agent to copy and paste the information they know into a single field increasing efficiency.
Sub- O Very social nline gaming strategy specialist ThinkGaminghas reported an increase in the number of gaming companies using Facebook and Twitter to generate new customer acquisitions.
T John Samuels of IBAS looks at the interesting problem that occurs when punters have more up to date data than the bookmakers.
But their com- S to continue and meet liabilities. A lot of the work the Gambling Commission has been doing is laudable and a different regulator could well have come down harder on things like the recent money laundering problems.
T 1 Racing, away from the major festivals, no longer carries the confidence as a product for bookmakers In his latest statement Ladbrokes CEO Richard Glynn issued a stark warning to the sport..
Furthermore, while the PR teams go into overdrive for the big festivals and weekend racing they do nothing to promote racing midweek. GamCrowd is excited to be partnering with EIG to support the Launch Pad and the Start-Up Village where we plan to create a vibrant area for start-ups to meet and mix with industry stalwarts who they can explore their ideas with.
Boost for Fortuna ootball Pools operator Sportech is planning on transforming its pools offer in the second half of the year, although the firm has admitted that it now derives over half its income from its horseracing interests in the US.
The A and upon a wider range of sports. The Rank is starting to integrate its land-based casino promotions to those it offers online, to good effect.
CASINO obile revenue growth of 43 per cent has helped boost the figures of the Rank Group as the firm announced a successful integration of the casinos it acquired from Gala Coral.
As regards regulation and taxation, Rank added that the reduction in bingo duty would allow the development of new premises, but warned that the application of remote gaming duty under the new point of consumption licensing regime is expected to cripple and stifle digital profitability.
Under the system, which has been developed in con- T sultation with racecourses and horsemen, the performance of racecourses in relation to their commitments to prize money and their record in terms of sporting performance, measured by field sizes, number of small field races and betting performance, will be assessed individually.
In identifying the most appropriate process we wanted to achieve the optimum impact on the performance and behaviour of all racecourses.
H ow long have you been working with Clarion and how did you come in contact with them? Products are effectively commodities, so if the price goes up customers switch to a cheaper version.
Data for July Chart supplied by: Totepool. Calculated on volume of bets. Data for July Chart supplied by: Spreadex. Data for July Bet - 0.
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