Category archives: Gambling

22BET has partnered with Paris Saint-Germain, becoming the soccer team’s wagering associate in Africa. This agreement grants 22BET exclusive promotional privileges throughout the continent, establishing them as the official digital betting partner.

This signifies that spectators at the renowned Parc des Princes stadium, home of the French title holders, will observe 22BET advertised on the LED displays. However, it extends beyond mere advertisements – 22BET is arranging special benefits for their clientele and personnel, such as meet-and-greets with PSG icons and premium seating for matches. They’ll even have the capacity to organize functions at the stadium.

Olatuji Idowu, 22BET’s director for the African region, conveyed his enthusiasm regarding the collaboration, emphasizing PSG’s worldwide allure and inventive ethos. He perceives this as a significant prospect to elevate 22BET’s visibility in Africa.

This collaboration aligns with a pattern of European football clubs inking agreements with wagering enterprises as the sport prepares for a fresh season.

The past week witnessed notable developments in European football sponsorship agreements. The prominent Italian club Juventus unveiled a fresh collaboration with Parimatch, while across the English Premier League, Arsenal disclosed an arrangement with Sportsbet.io, a digital currency sports wagering service headquartered in Estonia.

AstroPay is demonstrating its commitment to assisting Ukrainian competitors at the 2022 Maccabiah Games, an international athletic event akin to the Olympics, exclusively for Jewish athletes and Israeli citizens.

Anticipating a participation of 10,000 athletes representing 80 nations across 40 sporting disciplines, Ukraine will be dispatching a contingent of 36 resilient individuals. Originating from various cities throughout the war-ravaged country, including Kyiv, Kharkiv, and Mariupol, these athletes will engage in a diverse range of events such as fencing, karate, chess, and swimming.

Mikael Lijtenstein, CEO of AstroPay, conveyed his sense of honor in backing the Ukrainian team, remarking, “The Maccabiah Games possess a storied legacy, and we are privileged to stand with the Ukrainian delegation on their path, particularly during this arduous period for their nation.” He further added, “I extend my best wishes for their competitions and hold unwavering confidence that they will bring honor to their country.”

The Maccabiah Games are convened every four years in Israel, with this year’s edition unfolding in Tel Aviv. Significantly, this year marks the inaugural attendance of a sitting US President at the Games.

In an unexpected visit, President Biden showed up at the inaugural event of the World University Games, delivering an encouraging speech to the large American group. The US team, comprised of 1400 competitors, surpasses the size of the delegation sent to the Tokyo Olympics the previous year. The games are set to conclude on July 25th.

Shifting focus, Ukraine and Lithuania are solidifying their relationship. A memorandum of understanding was recently inked by their gaming regulatory bodies.

Major gaming corporation, Aristocrat Leisure, has designated Anne Tucker as their new corporate clerk. This follows the departure of Christie Joe, who stepped down from the post.

With this selection, Tucker will take over the duties of corporate clerk, succeeding Joe. Tucker is slated to come on board in October 2021. Her assumption of the corporate clerk position is contingent upon receiving the required regulatory green lights.

Tucker currently serves as the organization’s Chief Legal Officer. Alongside her corporate clerk responsibilities, she will also manage tasks associated with the Australian Securities Exchange (ASX) Listing Rules.

“The Board expresses gratitude to Ms. Joe for her contributions to Aristocrat and extends congratulations to Ms. Tucker on her new position,” stated Aristocrat Leisure in an official announcement.

This appointment represents the most recent in a string of significant staffing adjustments within the enterprise. The previous week, Matthew Primmer was named Chief Product Officer (CPO). Primmer contributes over twenty years of expertise within the gaming sector, encompassing almost a decade at Aristocrat.

In this newly created capacity, he will report directly to Trevor Croker, the Chief Executive Officer and Managing Director of Aristocrat Leisure.

Furthermore, Aristocrat has been broadening its footprint. The corporation recently achieved a successful entry into the Quebec video lottery terminal (VLT) gaming sector at the close of January. The rollout of hardware and games is anticipated to commence in early summer 2024.

The firm anticipates a robust 2023, forecasting substantial expansion in crucial fiscal metrics such as income, earnings, and EBITDA. Their goal is to maintain this trajectory and produce another impressive year in 2024.

A top sports betting software firm, Altenar, is teaming up with Data.Bet, an expert in esports information and betting odds, to enhance Altenar’s esports products and attract new users globally.

This collaboration provides Altenar with access to Data.Bet’s advanced odds and real-time data for more than 30 esports games, encompassing over 2,000 markets. This information is continuously improved by Data.Bet’s skilled team, guaranteeing Altenar can deliver its customers the most extensive and adaptable esports wagering choices possible.

Both organizations view this as the start of a long and successful partnership in the dynamic esports realm. Stanislav Silin, Altenar’s CEO, stressed their commitment to delivering operators with customized and dependable solutions, noting that the alliance with Data.Bet demonstrates their dedication to premier providers.

Otto Bonning, Data.Bet’s CCO, shared this feeling, emphasizing the worldwide potential of esports and expressing enthusiasm to collaborate with Altenar to bolster their market presence.

Altenars is taking significant steps in the Greek market! Following their recent entry, they have secured a sought-after B2B permit and are collaborating with local leader Data.Bets. This strategic partnership comes after Data.Bets’s February deal with Grid, indicating their goal to lead the Greek online gaming industry. Altenars is undoubtedly committed to making a splash in this promising market.

A well-known internet wagering platform, DraftKings, recently faced consequences from Ontario authorities for pushing the boundaries of advertising regulations. The company received a significant financial penalty, approximately $77,000 in US currency, for aggressively targeting prospective users with promotional offers and incentives. This practice is strictly prohibited in Ontario, where a more restrained approach to gambling advertising is favored.

The problem arose from DraftKings’ excessive use of enticing tactics, such as “2:1 odds enhancements,” to attract customers. These alluring propositions were disseminated through various channels, including television and social media platforms. The Alcohol and Gaming Commission of Ontario (AGCO) intervened, emphasizing that while gambling is permitted, responsible gaming and safeguarding individuals from potential harm are top priorities. The AGCO firmly stated that these regulations are in place for a reason and that they are closely monitoring all gaming entities to ensure compliance.

Similar to any licensed organization in the gaming industry, DraftKings has the option to contest the penalty. They have the right to lodge an appeal with an impartial body known as the Licence Appeal Tribunal (LAT). This entity operates under the umbrella of the Alcohol and Gaming Commission of Ontario (AGCO).

This recent action isn’t the first instance of the AGCO imposing fines on businesses operating within Ontario’s emerging online gambling sector. Both BetMGM Canada and PointsBet faced similar consequences. In the early days of May, they were directed to remit payments of $48,000 and $30,000, respectively.

The AGCO’s official statement indicated that both BetMGM Canada and PointsBet were found to be in violation of Standard 2.05, the same regulation that DraftKings is alleged to have breached.

Accel Entertainment witnessed a substantial upswing in earnings for the initial quarter of 2022, soaring by an astounding 952% relative to the corresponding period last year. This remarkable expansion propelled their earnings to almost $16 million for the quarter concluding March 31, 2022.

The firm ascribes this triumph to robust results across all its primary indicators, driven by a 34% rise in sales. Accel’s revenue for Q1 2022 hit $197 million, climbing from $147 million in 2021. This favorable trajectory was further underscored by a 36% boost in adjusted EBITDA, reaching $35 million.

A crucial element contributing to these positive outcomes was the enhanced operational landscape. As a prominent provider of video gaming terminals (VGTs), Accel’s brick-and-mortar associates encountered significant hurdles in the first quarter of 2021 owing to the COVID-19 outbreak. Nevertheless, with the removal of most limitations, a more predictable operational setting has resumed, enabling enterprises like Accel to flourish.

Concluding Q1 2022, Accel’s reach broadened to 2,565 sites with 13,663 VGTs, signifying a 5% and 7% year-on-year growth, respectively. Moreover, Accel affirmed that its purchase of Century Gaming is advancing as anticipated and is projected to be concluded by the close of May.

“Our vigorous performance this quarter is a testament to the resilience of our business framework and the dedication of our clientele, even amidst an inflationary climate,” remarked Andy Rubenstein, Chief Executive Officer of Accel. “Looking forward, we remain dedicated to finalizing the Century acquisition and incorporating optimal practices from both entities while continuing to explore supplementary profitable expansion prospects.”

Amplifying the optimistic outlook, Accel also succeeded in diminishing its liabilities compared to the preceding year.

The firm substantially bolstered its fiscal well-being during the initial quarter, decreasing its total liabilities by 22% versus the corresponding timeframe last year, reducing it to $147 million.

Rubinstein, probably a senior leader within the organization, stressed the robustness of their operational framework, underscoring its effectiveness and regional strategy as core strengths within the sector. He conveyed confidence regarding upcoming expansion prospects and their dedication to leveraging these to enhance stakeholder worth and fortify their dominant market standing.

A recent survey has shown that a massive 70% of Australians desire the removal of gambling advertisements from their television screens. This perspective is far from isolated; the investigation, executed by the esteemed policy institute, The Australia Institute, polled over 1,000 individuals nationwide, encompassing a varied representation of the population. The findings were decisive, with a mere 11% advocating for the continued broadcasting of gambling promotions.

The examination delved further, categorizing the outcomes by demographic factors. It appears that endorsement for a prohibition transcends gender boundaries, with 70% of males and 72% of females supporting the ban. Age, too, does not appear to be a point of contention. Although backing was marginally reduced among those between 30-39 years old (64%), it remained at a robust 69% for both younger Australians (18-29) and those in the 40-49 age range. Notably, the senior demographics exhibited even greater support for a ban, with 69% of individuals aged 50-59 and a substantial 78% of those aged 60 and above desiring the elimination of gambling advertisements.

This matter holds particular relevance in Australia presently. As the fervor of the Australian Football League (AFL) and National Rugby League (NRL) finals captivates the country, the discourse surrounding gambling advertising invariably intensifies. The existing regulations, which govern the timing and placement of these advertisements, are facing scrutiny, with numerous voices contending that they are inadequate.

Victorian Member of Parliament, Zoe Daniel, stands as a prominent advocate for more stringent regulations. Her primary concern lies with the normalization of sports wagering and the relentless barrage of gambling advertisements during sports broadcasts, particularly during AFL and NRL matches. Daniel is taking proactive measures to tackle this issue, urging Parliament to initiate a new investigation into the promotion of sports betting.

A significant issue arises when young people casually use gambling terms like “multis,” attempt to access sports wagering platforms on their mobile devices, and even discuss placing wagers on national elections.

This alarming trend is highlighted in a recent analysis conducted by Nielsen. The study revealed that Australian gaming corporations invested almost $287.2 million AUD (equivalent to a staggering $196.9 million USD!) on marketing in 2021 alone. Furthermore, the investigation explored the pervasive nature of advertisements for tobacco products, unhealthy food, alcoholic beverages, and fossil fuels.