first_img Topics: Casino & games Finance Sports betting Poker Table games Casino & games 30th May 2019 | By contenteditor Nevada’s gaming revenue for April came in at $936.5m, the first month that the state’s total has failed to hit the $1bn mark in 2019. Subscribe to the iGaming newsletter Nevada’s gaming revenue for April came in at $936.5m, the first month that the state’s total has failed to hit the $1bn mark in 2019. Total revenue was down 1.8% year-on-year, and 8.5% sequentially. The majority of state revenue was derived from slots, which accounted for $658.8m (70.3%) of the total, up marginally year-on-year.This was offset by a 5.8% drop in table, counter and card games (including sports and race betting) to $277.7m.Read the full story on iGB North America. Email Address Tags: Card Rooms and Poker Mobile Online Gambling Regions: US Nevada Nevada revenue falls below $1bn for first time in 2019 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

first_img Regions: UK & Ireland Topics: Casino & games Legal & compliance Sports betting Bingo Email Address Tags: Online Gambling Bingo AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Carolyn Harris MP has emerged as one of the industry’s fiercest critics, and a leading advocate of a more responsible, sustainable sector – though her approach and proposed stringent controls for operators make her a controversial figure. She tells Robin Harrison why the sector’s past public affairs failings have handed the initiative to those looking to reshape the industryCarolyn Harris has been an MP for less than five years and has wasted no time in reshaping the British gambling industry as chair of the Gambling Related Harms All Party Parliamentary Group (APPG).The APPG, by consolidating support for a reduction in fixed odds betting terminal (FOBT) stakes, played a key role in ensuring the maximum stake was cut to £2. This is expected to lead to thousands of betting shop closures and caused significant write-downs in the value of operator assets. After the FOBT victory, focus shifted online. An interim report from the APPG, which saw the £2 online stake cap recommended, wiped more than £1bn from the value of industry stocks. A second intervention in February this year, which saw Gambling Commission CEO Neil McArthur all but commit to a review of online stakes within six months, resulted in another decline. In her own words, she is “a great one fighting for victims.”“If anyone is being targeted by something that can be prevented, or if anyone is unable to help themselves out of their situation, that’s exactly the sort of cause I look to support,” she says.Interestingly, she does not see herself as anti-gambling. “What you’ve got to remember is I come from a working class community where everyone has a bet on the Grand National, does the pools, goes to the bingo, buys raffle and lottery tickets,” she says. “I’m not overly religious, and I don’t come from a place where gambling is not allowed.”Instead it was an incident one Christmas that showed her the sector’s problems. Eureka moment Months after she was elected in 2015, Harris was visited by Matt Zarb-Cousin, then part of the Campaign for Fairer Gambling, to discuss the impact of FOBTs. This piqued her interest and shortly afterwards she was compelled to act.An individual came to her office, claiming to have lost their wallet, facing a penniless Christmas.“No toys for the children, no food, nothing,” she says. “I thought this was awful, so we asked a few people to donate – something we now do every year on a larger scale – and we managed to put a hamper together, got toys for his kids, delivered them to his house.”Then on Christmas Day, she saw this individual playing a slot machine in the pub. “Didn’t even acknowledge I was there. I spoke to him, he didn’t take his eyes off the machine.“I asked my husband if he was usually there and he told me that the kid was normally in the bookies, but it was shut for Christmas.”That was a “eureka moment”, putting what Zarb-Cousin told her into context. She quizzed her husband, which led to more stories of people in their community losing thousands on the machines.“That was the moment I realised I had to do something. So when I got back to Westminster I phoned Matt and we started from there,” she says. “It was a snowball effect; the more we talked about it, the more people got involved, problem gamblers got in touch, families of problem gamblers followed, it just got bigger and bigger. “Now we’ve moved online, it’s even bigger.”The APPG, technically, has no legislative power. But considering the weight its interventions have carried, it’s hard to ignore. It also highlights significant cross-party support for gambling reform. Harris, a Labour MP, is supported by the Conservative Iain Duncan Smith and Scottish National Party’s Ronnie Cowan, as vice-chairs. Despite differing views, she says the APPG’s leadership forms a united, effective team.“We have different ways of showing it. IDS tends to be a little bit more forensic, honing in on an issue. Ronnie tends to be a bit more analytical and picks holes in what is said, while I tend to go down the emotional route.”On raising awareness of the issue of gambling harm, the APPG has been successful. Harris mentions the first urgent question in the current parliament, on the issue of Bet365 streaming FA Cup matches. There was a time that her audience would have been Duncan Smith, Cowan and maybe former Sport Minister Tracey Crouch, in an otherwise empty chamber. Not this time.“What the APPG has done is raised awareness: one to acknowledge it as an issue, two we have become a crutch for those that are affected by this, three we have become a bit of a stick for those that are inflicting this, and everyone sees us as being the threat to the industry,” she explains. “People are now saying that we can’t allow an industry that causes this much harm to continue as it is. To my mind we’re one of the most successful APPGs there has been, and I’m very proud to be chairing it.”On borrowed time This means the industry, in its current form, is on borrowed time.“In Westminster, there is a sea change in how members of Parliament, and in the Lords, view the industry,” Harris says. “If [operators] were wise they would make changes themselves before it gets enforced on them.”Whether or not they are prepared to do this is a different matter. The recommendations put forward in the APPG’s interim report into gambling harms, released in November 2019, contain a number that are reasonable. Some have already been introduced (see box out).What has attracted all the attention, however, is the call for a £2 online slot stake.“I don’t see why online slots should be more than land-based,” Harris says of this proposal. “They should be the same. If we legislated for £2 on land, it should be £2 online.”Some have pointed out a maximum £5 stake would bring online casinos into line with land-based. Whether Harris and the APPG would accept such a compromise remains to be seen. “I don’t know about that,” she says. “I think [operators] had their opportunity for a barter over fixed-odds betting terminals. They chose to ignore it, thinking we weren’t going to be successful. “We were successful, and have done the damage. And I think now we can continue to fight for what we think is right, as the voice of reason, with the moral high ground.”Negotiating position This kills the notion, suggested by former Labour deputy leader Tom Watson at ICE Vox, that the £2 stake cap was a negotiating stance.“FOBTs were the opportunity to negotiate,” Harris says. And FOBTs was the issue that showed the industry in the worst light. It was divided, unwilling to engage and obstructive. Harris puts the blame squarely at the foot of the Association of British Bookmakers (ABB), the body since swallowed by the Betting and Gaming Council. “They were arrogant,” she says of the ABB. “Whether they thought I was only speaking out against them because I was new or inexperienced, or because it was something to do and I wouldn’t succeed, boy they were wrong. “They were appalling. They wouldn’t even let gambling companies speak to me. Simple questions that the operators could have easily answered, but they decided not to deal with that. “The very fact that they thought they could simply not deal with those campaigning for changes to FOBTs just made us all the more determined to ensure the outcome that we felt was appropriate,” she says. “The ball’s in their court now.”She is keen to stress that the ongoing campaign is not a personal vendetta after the ABB’s response. Instead, such a resounding defeat for the industry gives the APPG the credibility to do more, she says. She notes that any suggestion of compromise might have gone some way to addressing the issue. Had operators put forward a cap (below the Gambling Commission’s £30 proposal), it would have “taken the sting out of my tail a bit”, she says. That £30 recommendation is dismissed as something that only suited the industry. “It didn’t suit the vulnerable,” she says. “I was under the impression that it was [the Commission’s] job to protect players but they are only there to protect the industry.”This brings us neatly on to the interim report’s other eye-catching conclusion, that the Gambling Commission is not fit for purpose. The APPG has spoken out in favour of an industry ombudsman, arguing that it would be an independent body tasked with dealing with player complaints. Harris sees the Commission as a regulator for gambling businesses, not for the effects of gambling. “What do they do for people who are owed money? Nothing,” she says. “They’re not doing their job. I keep waiting for them to prove me wrong, and they keep proving me right,” she says. She picks out its enforcement activities as a key issue. Harris believes a company that has failed in its duty of care to its customers, or failed to adhere to anti-money laundering violations, should be stripped of its licence. Or at least have it suspended. “They’re allowed to get away with violations, and until they see there are serious consequences they will continue to chance their arm,” she says. “Where else do we go? I don’t think we’ve got any option but to take decisive action; the time for negotiation has passed. The only way we’re going to make changes is to put in measures that make it impossible to infringe a set of rules.”It’s not that the industry is inherently dishonest or unethical, rather overly protectionist. This focus on each company’s own interests, profits and returns to shareholders, means responsibility falls by the wayside.She says this is exemplified by source of funds checks: “I worry that the industry has a total disregard for the source of gambling funds,” she says. “By that I mean, if someone is earning £2,000 a month, and they’re gambling £16,000, why is that allowed? “I was told by an industry body that they do affordability checks. If you’re doing that, why are you then not saying to that person, ‘You only earn £2,000, where is the other £14,000 coming from?’ “I’ve seen bank statements and payslips that don’t match up with the deposits coming into that person’s bank account,” she says. “It was evident that these people were stealing money, and yet they still allowed them to gamble.”In some cases, high spenders are incentivised to gamble by having VIP status. She recalls a meeting with a gambling addict who had lost millions online. This person’s preferred operator had a tiered VIP structure, and the amounts gambled saw him reach the top tier. This led to hospitality at football matches, Wimbledon tickets and other perks, to the point that he was getting a day out a month. “He earned £400 a week,” Harris says. “How can someone earning £400 a week be at the top rank of a status rung, where he was spending so much that he was getting a freebie a month?”Moral high ground Ultimately she sees today’s GB gambling industry as “a house built on sand”. In her view, it is trying to protect profits that it should have never been allowed to generate, as it has been earned without sufficient care and attention to those that suffer harm.“I talk about the people who are affected,” she says. “I’m not interested in the pounds, shillings or pence, I look at the moral argument. “I always knew we would win this based on morality. All the way through the FOBT debate I said we wouldn’t win it by talking facts or figures with the Treasury, or by trying to convince the industry it needs to step up. “It’ll be the consequences, talking about the people who have lost their lives, their minds, or their homes, their husbands, wives or their children – that’s where this argument will be won.”There are times during this interview where Harris is clearly moved by the cases she has dealt with. As the most visible figure in the APPG, she has become the rallying point for those affected by problem gambling and gambling addiction, a de-facto industry ombudsman.“If you see my postbag, you wouldn’t believe the level of correspondence that I get,” she says.“Normal, ordinary people, who have been absolutely laid bare by an industry that shows no compassion and no understanding of the damage they have caused. Until they are prepared to accept its effects, I will keep on going.”Bear pit Emotion appears to colour the debate. Industry coverage of the APPG hearings has tended to highlight a particularly febrile atmosphere. One executive – after declining to attend one – described them as “a bear pit”.Harris laughs when this is put to her. “I’m interested to know how he can say that, as he’s never been,” she says. That particular hearing saw her at her most restrained: “I really wanted the industry to understand that I was willing and happy to talk to them, to try and find a way to help improve their practices. “I did cry at the end of that, but that was out of frustration,” she adds. “I asked them questions about people who were in the room, and their experiences. And I’m not just talking about stories, I’m talking about emails and bank statements from the industry. “I’d ask a question about it and they’d claim they didn’t do that – when they were talking about someone sitting less than two feet away. I got so frustrated that I cried. “I cried because I was sitting there with mothers and fathers of children who had thrown themselves off a building because of how the industry treated them, and enticed them to gamble despite being aware they had a problem. But a bear pit? Do I look like a bear?”She will concede that the APPG asks “difficult questions”.“We don’t accept shallow, off the cuff remarks, and I won’t be told that it’s all going to be okay. But come on, it’s a multi-million pound industry and they worry about me? If I worry them, they shouldn’t be in the job.”Rip it up and start again And while an APPG has no formal place in the legislature, in the case of the Gambling Related Harm group, it has power and influence. So when Harris talks about pushing for an overhaul of the 2005 Gambling Act, her words carry weight.“I think it’ll be a new Act,” Harris says. “I’ve got one written – the industry won’t like it, but it’s there and ready to roll – so whenever Boris and Dominic Cummings want to talk, here’s one I made earlier.”She says it’s largely what’s included in the interim APPG report, alongside “some other stuff that’s maybe a bit stronger”. “We said some organisations weren’t fit for purpose in the interim report, and in the next we say they’re most definitely not fit for purpose, and I’m not changing my mind on that.”This is common sense to Harris. While she says that she wants to see changes from the industry, it’s hard to foresee changes of the scale she believes are necessary. Ultimately she sees the social responsibility initiatives taken by the industry as ineffective. “It’s trying to paper over the cracks, when we really need to hack the wall down and start again,” Harris says.The whistle-to-whistle ban is dismissed as “not that effective”. The commitment to raise problem gambling funding to 1% of gross gaming yield by 2023? “A knee-jerk reaction”. Voluntary deposit limits? Not as effective as mandatory. Full accountability is the end goal: “There’s got to be a way of making the industry responsible for the damage it causes, whether that’s NHS clinics or funding organisations that treat problem gamblers, but it has to be financially and morally responsible.”The industry should have seen this coming. It had a long run of making a lot of money, yet it was only from 2018 that there was evidence of a change in approach, with greater social responsibility safeguards put in place and publicly discussed.As ever, this comes back to FOBTs: “If they’d thought about this in 2015, when they had an opportunity to get their act together, we’d probably be in a better place now,” she says. “We’d have a better environment. The ABB disregarded me, and they’ve created a monster.“Not me personally,” Harris adds, laughing.Carolyn Harris should not be underestimated. She is a successful campaigner and does not shift focus after pinpointing an injustice. The industry has already disregarded her once. Do it again and the consequences could be severe. 11th March 2020 | By Stephen Carter The force for change Carolyn Harris MP has emerged as one of the industry’s fiercest critics, and a leading advocate of a more responsible, sustainable sector – though her approach and proposed stringent controls for operators make her a controversial figure. She tells Robin Harrison why the sector’s past public affairs failings have handed the initiative to those looking to reshape the industry Subscribe to the iGaming newsletterlast_img read more

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Flutter and TSG merger on track despite Covid-19 pandemic Finance Flutter Entertainment, the parent company of Paddy Power Betfair, has said its proposed mega-merger with The Stars Group (TSG) remains on track despite the outbreak of novel coronavirus (Covid-19), with the two operators announcing further details about the deal. Email Addresscenter_img Tags: Online Gambling OTB and Betting Shops 27th March 2020 | By contenteditor Topics: Finance Strategy Flutter Entertainment, the parent company of Paddy Power Betfair, has said its proposed mega-merger with The Stars Group (TSG) remains on track despite the outbreak of novel coronavirus (Covid-19), with the two operators announcing further details about the deal.The merger, announced in October last year, will see Flutter acquire all shares in TSG and join together to create a combined business with annual revenue of £3.8bn (€4.2bn/$4.6bn).Flutter this month entered into new debt arrangements comprising a term loan and £1.3bn revolving credit facility, to be used for refinancing existing Flutter and TSG debt, as well as provide ongoing financial flexibility.The new financing facilities are contingent on the merger going ahead, with the deal expected to be completed before the end of the second quarter, subject to it securing relevant regulatory approvals.Meanwhile, Flutter said that while the combined business will have a robust financial profile, given its strong cash generation in conjunction with expected cost, revenue and financing synergies, this is likely to impacted by the global Covid-19 in the current financial year.Flutter said while it expects this to reduce over time, leverage of the combined group at the end of the first financial reporting period following completion is now likely to be above 3.5x, excluding synergies.In terms of dividends, subject to approval, existing Flutter shareholders will be entitled to receive a final 2019 dividend of 133 pence per Flutter ordinary share. However, given the impact of Covid-19, the Flutter board will propose that this be paid in ordinary Flutter shares rather than cash.When the merger was first announced, Flutter said its shareholders would be entitled to a pro-rated dividend immediately prior to completion. However, given the anticipated financial profile of Flutter in the current year, the Flutter board said it no longer considers it prudent to propose this.TSG has never declared or paid dividends and is not expected to do so prior to completion.For the combined group dividend policy, Flutter said the disruption caused by Covid-19 means it will suspend the dividend for the current financial year. The board will monitor the calendar of sports events and the performance of sports betting, as well as the combined group’s anticipated deleveraging and balance sheet position, before deciding when to reinstate a dividend.Meanwhile, Flutter and TSG have come to an agreement as to who will serve as directors at Flutter. Divyesh Gadhia, who is currently executive chairman of TSG, will become deputy chair of the group, following completion of the merger.TSG chief executive Rafi Ashkenazi will act as a consultant to Flutter and join the Board in a non-executive capacity. Richard Flint, Alfred Hurley, Jr., David Lazzarato and Mary Turner will also become directors.Subject to completion, Jan Bolz and Emer Timmons will step down as non-executive directors of Flutter, while Ian Dyson will step down from the audit committee and will relinquish his roles as senior independent director and chair of the nomination committee. Andrew Higginson will instead take up these positions.Flutter and TSG will public a circular in relation to the merger later today, with a prospectus due to follow before the end of the month.“In these challenging times I am more convinced than ever of the strategic fit of these two complementary businesses,” Flutter’s chief executive Peter Jackson said. “The combined business will enjoy improved geographic and product diversification and allow us to advance our strategic goals.“I am delighted that Rafi has agreed to join the Flutter board and to be available to me as a consultant given his extensive knowledge of Stars’ international business.“We continue to work with various competition and anti-trust authorities globally to secure the few remaining approvals required. We do so while never losing sight of our current primary objective to ensure the safety of our staff and customers during these unprecedented times.”Flutter chair Gary McGann added: “I am looking forward to working with the new Flutter board in realising the exciting opportunities that will emerge from the combination of these two great companies.“I would like to take this opportunity to note the commitment and dedication shown by Emer and Jan during their time on the Flutter board, to thank them for their support and to wish them both well for the future.”last_img read more

first_img Regions: Europe Nordics Sweden Finance Email Address 9th April 2020 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Swedish-facing operator Svenska Spel has hit out at media reports in the country suggesting there has been a significant rise in online casino gambling during the novel coronavirus (Covid-19) outbreak, describing the published figures as “misleading”.Reports suggested the number of logins and registrations for online gaming websites increased by 33% over the past two weeks, based on figures released by the Swedish Gaming Authority (Spelinspektionen) for 17 of the country’s 60 licensed casino operators.However, Martin Johansson, an analyst for Svenska Spel, criticised how the figures were reported, saying they do not show a true picture of the current Swedish market.Johansson specifically highlighted the 33% figure, saying that does not give an accurate picture of how many people have registered, adding that it does not have anything to do with online games.He also noted that Svenska Spel, the former gambling monopoly in Sweden, has not seen this such an increase for its own igaming subsidiary, Svenska Spel Sport & Casino.“It is not automatically negative that people spend some time at home and gamble a little instead of going to the cinema and or to the pub,” Johansson explained. “However, it is extremely serious if unhealthy gambling is increasing, and that is why we are of course following the customers their habits especially closely now.”Johansson pointed out that the figures were only based on 17 operators, which only offer online casino. He said this did not constitute a representative selection for the market.However, Johansson did admit that while online gambling is not automatically more addictive than in-person gaming, it does ask more of both operators and developers to ensure they are protecting players from harm.“It means there are increased demands on the game designer to act responsibly, as availability and, above all, speed are crucial to the game’s risk level,” Johansson said.“The potential increase in risk is entirely dependent on the type of game offered online. For example, Lotto and Eurojackpot online are not associated with any significant risk, since online versions are basically identical to their physical counterparts and draws still only happen once or twice a week.”Johansson’s response was supported by Kajsa Nylander, sustainability manager at Svenska Spel, who said while here has been a slight increase in online casino play at the operator, this was nothing close to the level suggested by the media.“We have seen marginally increased interest in the products such as poker, bingo and casino,” Nylander said. “But even though the games are attracting new players, we are not currently see higher average consumption of these games.“Average spending per customer for poker, bingo and casino is at the same levels as before the coronavirus eruption.”Reports in the Swedish media also suggested government ministers are mulling a temporary shut-down or new restrictions on online casino to avoid an increase in gambling related harm during the pandemic.Spelinspektionen confirmed to iGB that the government is considering various measures to protect consumers in the country, at a time when restrictions on movement are in place. Subscribe to the iGaming newsletter Tags: Online Gambling Swedish-facing operator Svenska Spel has hit out at media reports in the country suggesting there has been a significant rise in online casino gambling during the novel coronavirus (Covid-19) outbreak, describing the published figures as “misleading”. Svenska Spel hits out at ‘misleading’ online casino figures Topics: Finance Legal & compliancelast_img read more

first_img Topics: Casino & games Finance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Email Address Revenue from Macau’s casinos declined further in April, with operators taking in just MOP754m (£76.0m/€86.6m/$95.1m), a record low and 96.8% below takings from April 2019. Casino & gamescenter_img Macau casino revenue plummets to new low in April Regions: China Macau 1st May 2020 | By Daniel O’Boyle Revenue from Macau’s casinos declined further in April, with operators taking in just MOP754m (£76.0m/€86.6m/$95.1m), a record low and 96.8% below takings from April 2019.Despite the fact that all casinos in Macau were forced to close for 14 days in February and many remained closed for significant parts of March, the total was down 85.7% from March’s revenue and 75.7% from February’s.One reason for the decline was a decision on 25 March ordering all non-residents arriving in Macau to self-isolate for 14 days.Macau’s gambling revenue for the year now totals MOP31.24bn, down 68.0% from the first four months of 2019. Of this total, more than two thirds is still made up of January’s revenue.Last month (20 April), Macao’s head of government, chief executive Ho Iat Seng criticised the country’s “excessive dependence” upon the gambling industry. In Macau’s annual policy report, Ho said this dependence meant the special administrative region was especially hard-hit by the novel coronavirus (Covid-19) outbreak.Ho added that action taken by prior governments to diversify economically have yielded “no noticeable results,” with gaming still representing more than half of its economy.last_img read more

first_img Canadian betting and sports media business theScore has announced that its Score Digital Sports Ventures (theScore Bet) subsidiary has become a platinum member of the US National Council on Problem Gambling (NCPG). Subscribe to the iGaming newsletter 23rd October 2020 | By Robert Fletcher Tags: theScore NCPG Topics: Social responsibility Responsible gambling Regions: US AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Read the full story on iGB North America. The operator will also join other NCPG members in calling for further research and programs to prevent gambling problems. “The NCPG serves as an important voice in championing responsible gaming and we are proud to support the organization and its ongoing mission,” Sidworth said. theScore’s general counsel and chief compliance officer Josh Sidsworth said the new membership reaffirms the operator’s commitment to responsible gambling as it seeks to expands its theScore Bet brand across North America. theScore joins National Council on Problem Gambling Responsible gambling As a platinum member, theScore will work with the organization to increase public awareness of gambling addiction and campaign for greater treatment for those who suffering from gambling-related harm. Email Addresslast_img read more

first_img“We both stand for a high level of costumer protection in every aspect of gambling and also share a strong belief in the EU idea and therefore support free trade on equal terms,” BOS secretary general Gustaf Hoffstedt said “Protectionism and monopolism is not the way forward for the gambling industry; licensing systems are.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 27th October 2020 | By Robert Fletcher The Netherlands Online Gambling Association (NOGA) and Branschföreningen för Onlinespel (BOS), the Swedish igaming operator body, have signed a Memorandum of Understanding (MoU) to jointly promote licensed brands and responsible gambling in their respective markets. Regulation Subscribe to the iGaming newsletter Dutch and Swedish operator organisations sign MoU Regions: Sweden Netherlandscenter_img NOGA managing director Peter-Paul de Goeij added: “Sweden has already led the Netherlands in the regulation of the online gambling market in the past two years. We can learn a lot from the experiences that BOS has gained during this period. “Incidentally, the contact with BOS and other European sister organisations was already good and constructive, but with this formalisation we hope to further boost European cooperation between sector organisations.” Topics: Legal & compliance Regulation Email Address The MoU formalises a long-standing relationship between the NOGA and BOS, allowing the two associations to work closer together. Tags: Sweden Holland Under the agreement, the two organisations will share information and best practices to help build reliable and secure online gambling markets in each countries.last_img read more

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Kindred Group LeoVegas ComeOn Group Mark Griffiths Safer Gambling Week 2020 Furthermore, behavioural tracking data does not account for the fact that more than one person can use a particular gambling account, and the data tell us nothing about why people gamble (whereas self-report data can provide greater insight into motivation to gamble). While we have been criticised by some academics for working with the gambling industry, the use of such tracking data has considerably moved the field of gambling studies forward, particularly because of the high-quality large-scale data available and the fact that many of the studies we have published are ‘real world’ studies, of real gamblers, on real gambling platforms, in real time. The value of real data In the past few years, much of my research (particularly that undertaken with Dr Michael Auer of the Carinthia University of Applied Sciences in Austria) has utilised account-based tracking data provided by gambling operators. Unlike self-report data (which are subjective and open to common methodological biases such as social desirability and unreliable memory recall) or laboratory-based experimental data (which typically lack ecological validity and comprise very small sample sizes), behavioural tracking data are objective and ecologically valid. Regions: Europe How real data is leading to real progress in RG Given that those individuals with the highest gambling intensity are more likely to comprise problem gamblers, we concluded that limit-setting appears to be an effective responsible gambling tool because the top 10% of the most gambling-intense individuals in our study had significantly reduced their gambling expenditure over a one-year period. Email Address In fact, we found in a recent study that players who voluntarily set monetary spending limits are more loyal. More specifically, we were given access to a dataset of more than 175,000 players who had placed at least one bet or gambled during a five-month period with the online gambling operator Kindred. 19th November 2020 | By Joanne Christie We found that the number of cash wagers per active day contributed the most to problem gambling-related exclusion in the case of sports betting, whereas the volume of money spent contributed most to problem gambling-related exclusion in the case of casino gamblers. Gambling operators have often pointed out that limit-setting reduces bottom-line profits. However, problem gamblers have little place in a sustainable business because their customer lifetime value is small (typically a few years) compared with customers who gamble non-problematically with the same company over decades. Over the past decade, the use of responsible gambling (RG) tools by the gambling industry has become commonplace, particularly because gambling regulators will not grant operating licences without ensuring that gambling operators are doing everything they reasonably can in relation to player protection and harm minimisation. Subscribe to the iGaming newsletter Variances between verticals However, despite these limitations, the innovative use of account-based tracking data has most definitely moved the RG field forward. Dr Mark Griffiths is distinguished professor of behavioural addiction at the International Gaming Research Unit at Nottingham Trent University. Another area that we have published a number of studies on is in the area of personalised messaging. Our most recent study evaluated the effectiveness of targeted messages among 7,134 Swedish online gamblers who played at one of five sites within the ComeOn Group between July 2019 and January 2020. Topics: Casino & games Sports betting Online casino Regulation Problem gambling Responsible gambling These findings supported our previous real-world studies, which had shown that targeted personalised information can be an effective tool for online gambling companies to use to reduce gambling expenditure among their clientele. More specifically, gamblers from the LeoVegas Mobile Gaming Group were studied. Each gambler was ascribed two binary variables (casino player vs. sports bettor; problem gambling exclusion vs. no exclusion). For each of the four combinations of the two variables, 2,500 gamblers were randomly selected for a thorough comparison, resulting in a total of 10,000 participants. We found that online gamblers who had received personalised feedback (i.e., feedback concerning their own actual gambling behaviour in the form of text messages) wagered significantly less money on both the day they read a personalised message and for the seven days after they read a personalised message. I ought to end by saying that although behavioural tracking data has many advantages (most notably very large sample sizes and objective data), the data in each study originates from only one gambling site and does not necessarily tell us about the totality of an individual’s gambling behaviour because online gamblers typically gamble on more than one online website, as well as engaging in gambling offline. In another recent study, Kindred gave us access to a dataset of 49,560 players who had placed at least one wager. We found that among the most gambling-intense players, those who had voluntarily set limits gambled significantly less money a year later compared with those who had not. Understanding the limitations Some of the RG tools currently in use include: (i) behavioural analytic tools used to identify problem gamblers; (ii) personalised messaging systems for those who display at-risk gambling behaviour; (iii) player cards and bibliometric ID measures; (iv) rewards for players engaging in responsible practices; and (v) various online techniques to help clientele gamble more responsibly, for example,  limit-setting features, loss-limit reminders, mandatory play breaks and temporary self-exclusions (e.g., ‘time out’ and ‘cooling off’ periods for a day, a week or a month). In recent years a number of operators have shared their account-based tracking information with academics for research into responsible gambling. Leading gambling addiction psychologist Mark Griffiths explains how this has moved the field forward. Many of these RG tools were introduced without evidence for their efficacy, but in recent years there has been a marked increase in the number of studies that have evaluated whether such tools work (i.e., whether they actually promote responsible gambling behaviour and/or reduce the amount of time and money that are spent by the most gambling-intensive individuals). For example, a number of recent survey studies based on self-report data claimed that online gambling had increased during the national lockdowns implemented by governments to minimise the spread of Covid-19. However, our own research using data supplied by a gambling operator showed there had been a significant decline in online gambling during that period. We have also published studies using algorithms to study gambling behaviour and markers of harm. For instance, in one recent study we compared online casino players and online sports bettors via predictive modelling using behavioural tracking data. The focus of the study was on problem gambling, and our objective was to identify and quantify both common and distinct markers that are characteristic to casino and sports problem gamblers. In the remainder of this article, I briefly overview some of the studies that we have published in this past year to highlight how the field is constantly moving forward. Over the last seven years, I have been particularly interested in the efficacy of limit-setting features. Our early studies suggested that limit setting was effective in reducing gambling expenditure among the most gambling-intense players (of which some will be problem gamblers). Evaluating RG tools The number of approved deposits per active day contributed to problem gambling-related exclusion to a larger extent for sports bettors than casino players. In short, our study showed that there are different behavioural predictors for problem gambling-related exclusion among casino gamblers and sports bettors. In each of 10 gambling intensity groups, the percentage of active players in the first quarter of the year was higher among the group of players who had set voluntary money limits in the first quarter of the preceding year compared with players who had not. The volume of losses per active day noticeably contributed to problem gambling-related exclusion for both casino players and sports bettors. For casino players, gambling via desktop computers contributed more to problem gambling-related exclusion. For sports bettors, it was more concerning when the individual used mobile devices. Responsible gamblinglast_img read more

first_img Cricket SABC inks media rights deal for Cricket South Africa’s new T20 league by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePhotoStickHow To Back Up All Your Old Photos In SecondsPhotoStickE! OnlineCNN’s Christiane Amanpour Undergoes Surgery After Cancer DiagnosisE! OnlineCapital One ShoppingThis hack can uncover JOANN discounts you don’t know aboutCapital One Shopping“This is a landmark moment for cricket in South Africa,” commented CSA Chief Executive Thabang Moroe. “For the first time South Africa’s premier public broadcaster will have exclusive rights to a major cricket event and this is very much in line with CSA’s vision of making cricket a truly national sport of excellence that is accessible to all.”The new 2018 T20 Cricket League is a high-profile Sports event that will assist the SABC to regain its credibility. Partnering with Cricket South Africa to deliver on an event of this magnitude provides the perfect opportunity for CSA & SABC to cater to the needs of the traditional and non-traditional Cricket audience and fans, CSA has stated in a Press release.The Group Chief Executive Officer of the SABC, Madoda Maxakwe further stated, “The SABC treasures the good relationship that we have with CSA, which enables the two parties to enter into this groundbreaking partnership. It is a perfect deal, as it fits into the SABC’s business strategy of increasing audiences and revenue, delivering compelling and entertaining content and diversifying revenue streams. The deal is, therefore, one that is mutually beneficial both to the SABC and CSA.”Also Read: CSA gets Members Council nod to launch T20 LeagueThe T20 Cricket League will be played between the months of November and December this year and will be live on SABC 3 and Radio 2000. Umhlobo Wenene FM will also broadcast some of the matches live.The CSA and the SABC will jointly announce the further details of the T20 Cricket League, including hosting venues and fixtures.Also Read: CSA Global T20 in limbo, franchisee owners threaten legal action CricketLatest Sports NewsSports BusinessNewsSport Previous articleCricket captain Kohli, lifter Chanu bask in Khel Ratna gloryNext articleReal Madrid plans $617 mn Santiago Bernabeu revamp with esports facility Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. By Kunal Dhyani – September 26, 2018 Football Cricket Cricket South Africa and the South African Broadcasting Corporation have announced the joint exclusive partnership for the new 2018 T20 Cricket League. The partnership gives the SABC exclusive official broadcast rights for the Sub-Saharan region.The deal is covered by an MoU that will run for the next three years. YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredDefinitionWhat ‘Harry Potter’ Characters Were Actually Supposed To Look LikeDefinition|SponsoredSponsored Euro 2020 LIVE broadcast in more than 200 countries, check how you can watch Live Streaming of EURO 2020 in your country Cricket WTC Final LIVE Day 3: Weather forecast again not good, rain & bad-light all set to impact India vs New Zealand Day 3 Cricket Tokyo Olympics: Covid-19 scare continues after a Uganda team member tests positive Cricket Happy Father’s Day: ‘We Miss You’, Hardik Pandya pens emotional message for his father TAGSCricket South AfricaCSACSA T20 LeagueSABCSouth African Broadcasting Corporation SHARE India Tour of Sri Lanka: From books to gym, Sanju Samson shares story of his quarantine life WTC final LIVE broadcast: ICC’s mega broadcast plan, India vs New Zealand live streaming starts today in 195 countries Share on Facebook Tweet on Twitter Latest Sports News Tokyo Olympics: IOA fuming as Japan imposes stricter regulations on India’s Olympic team, calls it ‘discriminatory and unfair’ Facebook Twitter Cricket Latest Sports News ENG W vs IND W: Mithali Raj says We’ll carry the confidence in pink-ball Test against Australia RELATED ARTICLESMORE FROM AUTHOR Tokyo Olympics Village: Organizers unveils Tokyo games athletes village to the media, check first look WTC Final Day 2 Stumps: Brilliant Virat Kohli & Ajinkya Rahane saves the day for India as bad light stops play 33 overs early Sport News last_img read more

first_img Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore Javier Tebas quits as LaLiga president; to seek re-election By Kunal Dhyani – December 3, 2019 Latest Sports News La Liga president Javier Tebas has resigned from his office, only to seek re-election for yet another term. The 57-year-old football administrator was first elected to the  LaLiga president’s office in 2013.His present term was to end in October next year. The decision has come at a time when there is an apparent tension between La Liga and the Spanish Football Federation (RFEF), particularly between Tebas and Luis Rubiales, who heads up Spanish football’s national governing body. Cricket Euro 2020, Switzerland vs Turkey LIVE: Shaqiri adds another as Switzerland lead 3-1; Follow Live Updates TAGSJavier TebasJavier Tebas ResignationLaLigaSpanish Football FederationSports Business NewsSports Business News India SHARE Share on Facebook Tweet on Twitter Football Football by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePhotoStickHow To Back Up All Your Old Photos In SecondsPhotoStickUndoGrammarlyAdvertisement Avoid Grammatical Errors with This Helpful Browser ExtensionGrammarlyUndoE! OnlineTLC’s So Freaking Cheap Takes Penny-Pinching to the ExtremeE! OnlineUndo“I have decided to resign from my role as president so that a new electoral process starts, which I plan to run in,” Tabas has reportedly said. “I hope to gain support to stay four more years.”Read: Mascots driving LaLiga clubs’ brand growthTebas was re-elected for a second term unopposed after relinquishing his office in 2016.Even as Tebas has yet against stepped aside from the position, he is a well aware return to the office this time might not be as easy as three years ago. According to a report by the BBC, Tebas is seeking a fresh mandate before launching the tender process for the next cycle of LaLiga media rights.The decision is also influenced by the change of guard after the General Elections in Spain last month as Tebas wants a stronger president in the office with the mandate for a longer-term.“A new political term is starting, where it is possible there may be laws and directives proposed which affect our institution and our interests,” BBC has reported Tebas as saying.  “The person who has to do it should do so with the backing of the clubs at least for four years.”The election process is expected to be completed before the New Year.Read More: LaLiga forms a choir with fans for melodious league soundtrack Copa America 2021 Football Copa America 2021 COL vs PER LIVE: When and where to watch Colombia vs Peru LIVE streaming in your country, India, Follow live update Facebook Twitter WTC Final LIVE: Devon Conway continues red-hot form, slams fifty to provide New Zealand dream start RELATED ARTICLESMORE FROM AUTHOR WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video PSL 2021 Playoffs Live: How to watch PSL 2021 Playoffs LIVE streaming in your country, India Euro 2020, Ukraine vs Austria: Ukraine to ensure round of 16 berth against Austria, Follow Live Updates Football Previous articleRahane, Shaw in Mumbai Ranji squad for Baroda gameNext articleTokyo 2020: Torch Relay convoy design released Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Cricket Copa America 2021 VEN vs ECU LIVE: When and where to watch Venezuela vs Ecuador LIVE streaming in your country, India, Follow live update Cricket YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatter|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndo Euro 2020, Italy vs Wales LIVE: Time running out for Wales as Italy maintain lead and possession; Follow Live Updates FootballLatest Sports NewsSports BusinessNewsSport WI vs SA 2nd Test Day 3 Live: South Africa lose early wickets; SA 35/2 (11 ov)- Follow Live Updates Football last_img read more