Aspire Global completes acquisition of Pariplay

first_imgFinance Online gaming solutions provider Aspire Global has finalised its acquisition of B2B supplier Pariplay.Under the terms of a deal agreed in June, Aspire purchased 100% of the shares in GMS Entertainment Ltd, the owner of Pariplay, for €13.1m (£11.7m/$14.4m)Aspire said the acquisition of Pariplay will enable it to control another part of the iGaming value chain, which in turn will help create synergies, broaden its game portfolio and provide a channel to distribute and sell propriety games outside of its partner network.The provider added that it expects the deal to have a positive effect on earnings before interest, tax, deprecation and amortisation as of 2020. However, it is not expected to have any material effect on Aspire’s financial results for 2019.“We are excited to welcome the Pariplay team to Aspire Global,” Aspire’s chief executive Tsachi Maimon said. “The acquisition of Pariplay is in line with our M&A-strategy focusing on B2B-growth and external game sales.“The integration of Pariplay grants us control of yet another crucial part of the iGaming value chain – cutting costs, broadening the game portfolio and providing a channel to sell and distribute propriety games outside Aspire Global network.“Moreover, Pariplay holds an iGaming license for New Jersey, which could act as the spearhead of our future efforts to enter the US market.”Pariplay’s game portfolio includes hundreds of proprietary game titles, as well as more than 2,000 games from various third-party providers. The game portfolio is certified for several regulated markets in Europe, while Pariplay has also been cleared an iGaming certification in New Jersey in the US.Image: Homedust Tags: Online Gambling Topics: Finance Strategy Online gaming solutions provider Aspire Global has finalised its acquisition of B2B supplier Pariplay. Aspire Global has purchased 100% of the shares in GMS Entertainment Ltd, the owner of Pariplay, for €13.1m in cash. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Aspire Global completes acquisition of Pariplay Subscribe to the iGaming newsletter 8th October 2019 | By contenteditor Email Addresslast_img read more

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Sportradar extends Tennis Australia partnership

first_imgSports betting Sports data services provider Sportradar has extended its partnership with Tennis Australia to offer data content, encoding technology and integrity services to Australia’s tennis body. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Oceania Australia Subscribe to the iGaming newsletter Sportradar extends Tennis Australia partnershipcenter_img Topics: Sports betting 20th January 2020 | By Daniel O’Boyle Sports data services provider Sportradar has extended its partnership with Tennis Australia to offer data content, encoding technology and integrity services to Australia’s tennis body.The partnership started in late 2016 and was extended this year after what Sportradar described as a “competitive tender process.”Among the services Sportradar will provide is use of its Integrity Fraud Detection Services, which are intended to protect all matches from betting-related integrity threats.The extension of the partnership was announced to coincide with Tennis Australia’s flagship event, the Australian Open.“The Australian Open is a hugely popular event across the world,” Sportradar’s managing director for sports partnerships, David Lampitt said. “Tennis Australia has a truly innovative and progressive approach to nurturing and advancing the interests of the game.“Our combination of cutting-edge technology together with our expertise across data, AV and integrity services will continue to support those aims. Our own mission in partnering with rights holders like Tennis Australia is clear – we have an ongoing and long-term commitment to safeguarding tennis, whilst delivering investment into premium content enabling the continued growth of the game across the world.”The announcement comes after the Global Lottery Monitoring System, the sports betting integrity body for the lottery industry, last week issued its 2019 Monitoring & Intelligence Report. In the report, GLMS revealed that it flagged 26 tennis matches to the Tennis Integrity Unit, though none of these were in Oceania.Last week, the Tennis Integrity Unit (TIU), also revealed it received 138 reports over suspicious match activity in 2019, the lowest annual amount since its integrity data was first made public in 2015.In 2016, Concerns over match fixing in a mixed doubles game at the Australian Open led to a suspension of betting and players being interviewed by the Tennis Integrity Unit (TIU). Email Addresslast_img read more

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OK AG: Governor lacked authority to strike tribal compacts

first_img OK AG: Governor lacked authority to strike tribal compacts Topics: Casino & games Sports betting Tribal gaming Regions: US Oklahoma Subscribe to the iGaming newsletter Casino & games Oklahoma Attorney General Mike Hunter has issued an official opinion stating that Governor Kevin Stitt lacks authority to agree compacts with Indian gaming tribes that authorize gaming activity, namely sports betting, prohibited by state law.center_img Oklahoma Attorney General Mike Hunter has issued an official opinion stating that Governor Kevin Stitt lacks authority to agree compacts with Indian gaming tribes that authorize gaming activity, namely sports betting, prohibited by state law.Hunter, who first questioned the validity of the new compacts with the Otoe-Missouria Tribe and the Comanche Nation in April, has therefore asked Secretary of the Interior David Berhardt to reject the agreements. The Interior Department must ratify the compacts before they can come into force.The new compacts aimed to allow each tribe to significantly expand the range of Class III games they could offer, including betting on a range of sports. However, the State-Tribal Gaming Act only allows state officials to agree compacts for products not prohibited under state law.That act specifically prohibits the operation of slot machines, house-banked card games, house-banked table games involving dice or roulette wheels and “games where winners are determined by the outcome of a sporting contest”.This, Hunter explained, means that not only do the compacts deviate from the State-Tribal Gaming Act, but they also fail to comply with the Indian Gaming Regulatory Act. The federal act only permits compacts to be brokered by those with the authority to enter into such an agreement.“Because the Governor lacks authority to ‘enter into’ the agreements he has sent to you, those agreements fail to meet the requirements of IGRA to constitute a valid gaming compact under federal law,” Hunter told Berhardt.“How a state enters into a gaming compact with a tribe, including whether the Governor may do so unilaterally in contravention of state statute, is a core concern of the state’s constitutional structure and is therefore a matter of state law.”Read the full story on iGB North America. 6th May 2020 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

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SunCity issues profit warning as chairman injects new cash

first_img Topics: Casino & games Finance Subscribe to the iGaming newsletter Casino & games SunCity Group has issued a profit warning despite significantly reducing losses in the first half of 2020, while the business’ chair Alvin Chau Cheok Wa is to provide an additional HK$6bn (£5853m/€648.6m/US$774.3m) in funding. The operator said that for the six months to 30 June, loss attributable to owners of the business is expected to reach RMB108m, a significant improvement on the RMB1.25bn loss recorded for the same period last year.During the period, for which SunCity expects to publish its full results on 28 August, revenue from travel and tourism operations was badly hit by the novel coronavirus (Covid-19) pandemic, due to travel restrictions imposed in Macau. This led to visitor numbers for the Chinese special administrative region plummeting.Despite these difficult circumstances, the business said losses were reduced by an RMB596m gain from changes in the fair value of derivative financial instruments, compared to a RMB1.07bn fair value loss for the six months to 30 June 2019. This was partially offset by increased losses from investment property value changes, a loss from a joint venture, and increased finance costs.Meanwhile, SunCity chair Alvin Chau Cheok Wa will provide the business with a further HK$6bn in funding, in the form of additional perpetual securities. Chau also agreed to exchange existing shareholder loans totalling HK$3.88bn into perpetual securities. Under this arrangement, SunCity may choose to repay or not to repay Chau both the principal and interest payments from the tenth year after the loan was provided. The business will use the funds to finance its integrated resort projects, for which it provides management and consultancy services to developers. “SunCity Group is riding on the fast-track of integrated resort development,” Chau said. “I completely understand that a high growth company like SunCity requires a lot of funds to expand. “As the largest shareholder, the largest creditor, and the chairman of SunCity Group, I am happy to dip my own pockets to ensure that SunCity’s expansion will go on,” he explained. “I am fully backing SunCity, and I am confident that SunCity will soon turn into one of the most aspiring leaders in integrated resorts in Asia.” SunCity’s future plans include the opening of Hoiana, a new integrated resort project in Vietnam, which is due to open to the public next year. The facility staged a preview event in June, where visitors were able to experience a number of on-site amenities.  19th August 2020 | By contenteditor Regions: Asiacenter_img SunCity Group has issued a profit warning despite significantly reducing losses in the first half of 2020, while the business’ chair Alvin Chau Cheok Wa is to provide an additional HK$6bn (£5853m/€648.6m/US$774.3m) in funding. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter SunCity issues profit warning as chairman injects new cash Email Addresslast_img read more

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Stats Perform scores data deal with Ecuador’s LigaPro

first_img Subscribe to the iGaming newsletter “Stats Perform’s pedigree for collecting deep, accurate and fast data and unrivalled distribution network will help us engage fans globally and grow the sport we love. ” Stats Perform scores data deal with Ecuador’s LigaPro Sports data and analytics provider Stats Perform has entered into an official data partnership with Liga Profesional de Fútbol del Ecuador (LigaPro), the organisation that runs the country’s Serie A and Serie B domestic club football competitions. The deal will also see Stats Perform’s Integrity Unit help protect the integrity of the LigaPro by monitoring global betting markets, implementing an integrity intelligence programme and running a performance integrity analysis service. Under the agreement, Stats Perform will serve as the official data partner for the LigaPro Serie A and Serie B. Stats Perform’s Opta and RunningBall data brands will exclusively deliver official data and player performance data to licensed betting operators, broadcasters, publishers, fantasy providers and the leagues’ own digital platforms. Tech & innovation 2nd October 2020 | By Aaron Noy Regions: LATAM Ecuador AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Sports betting Tech & innovation The deal comes after Stats Perform in August was also appointed as the exclusive streaming rights and betting data provider to the Brazilian Série A and Série B club football competitions. “We are excited to be working with Stats Perform; not only will they help us improve on-field performances through deep and accurate data, they will support us in preventing match manipulation and betting fraud,” LigaPro president Miguel Ángel Loor said. Email Addresslast_img read more

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Betfair partners BtoBet for Colombian launch

first_img Subscribe to the iGaming newsletter Betfair partners BtoBet for Colombian launch Platform Topics: Tech & innovation Platform AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter During the first six months of 2020, BtoBet generated revenue of €3.1m, while EBITDA came to €1.2m. In 2019, it generated revenue of €4.4m and EBITDA of €1.5m. The deal is the latest for BtoBet in the Latin American nation and comes a month after it was acquired by Aspire Global in a deal worth an initial €20m (£18.3m/$23.6m). Regions: LATAM Colombia 7th October 2020 | By Aaron Noy Sportsbook technology provider BtoBet is to supply its player account management (PAM) solution and platform to Betfair ahead of its launch in Colombia. Commenting on the BtoBet partnership, Mike Woodbridge, Betfair’s international director, added: “We are excited about this planned partnership and the chance to offer a top-class betting experience to Colombian customers by combining BtoBet’s excellent Neuron 3 platform with Betfair’s industry leading trading and risk management capabilities.” BtoBet, which has signed a number of agreements in Colombia since the market opened up in 2017, said the Betfair deal includes scope to expand the partnership into other regulated markets in the future. BtoBet’s strong presence in Latin America was one of the key reasons Aspire chose to acquire the supplier, it said following the deal’s announcement. BtoBet has partnered with 32 operators between Europe, Africa and Latin America, with a particular focus on the latter two regions. In announcing the acquisition, Aspire said this made it a perfect fit with Aspire, which has a stronger presence in Europe and North America. “We are confident that we will become key players in the market by combining Betfair’s strong brand and extensive industry knowledge with our flexible technology.” Regulator Coljuegos has issued 18 online gaming licences since Colombia became the first jurisdiction in the Latin America region to formally approve online gambling back in October 2016. “As one of the world’s largest international online sports betting brands, Betfair will become one of the first B2B partners to leverage BtoBet’s position in the market since its acquisition by Aspire Global,” BtoBet founder Alessandro Fried said.  Email Addresslast_img read more

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theScore makes CAD$1.4m loss from betting in 2019-20

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The business, comprising the sports betting and core media businesses, made CAD$20.7m ($15.5m) in revenue for the year ended 31 August, down 31.2% year-on-year. theScore makes CAD$1.4m loss from betting in 2019-20 29th October 2020 | By Daniel O’Boyle Subscribe to the iGaming newsletter Tags: theScore John Levy Email Address theScore founder and chief executive John Levy said the betting division had been off to a strong start before the impact of Covid-19.center_img Read more on iGB North America. Topics: Finance Sports betting Full year results 2020 Marketing Full year results 2020 Regions: Canada US However, the betting division of the business generated only $253,000 in gross gaming revenue in its first year of activity, on stakes of $41.3m. After taking into account promotional costs and the values of unsettled bets, theScore posted a loss of $1.4m from wagering operations. theScore’s sportsbook product made a $1.4m loss in its first full year in operation, after accounting for bonuses and unsettled bets, with the the novel coronavirus (Covid-19) pandemic checking the product’s momentum during the period.last_img read more

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Xtip drops Poldolski partnership due to German regulation

first_imgThis due to rules set out in the nation’s new gambling regulations, the Glücksspielneuregulierungstaatsvertrag (GlüNeuRStv), around the use of professional athletes to promote gambling businesses. Regions: Central and Eastern Europe Germany Topics: Sports betting 2nd November 2020 | By Conor Mulheir “It is a shame, because Lukas is and will remain the ideal brand ambassador for us – natural, honest and authentic,” Gauselmann’s head of sports betting Markus Ettlin said. “All that remains is for us to give our heartfelt thanks for such a successful collaboration that was a lot of fun – and how could it be any other way with Poldi?” Email Address The group closed all 700 of its land-based gaming establishments in Germany in March, in response to the pandemic. It also shut down all production and sales activities across its business, while its development departments around the world remained open to work on products for the future. Xtip drops Poldolski partnership due to German regulation Tags: Gauselmann Group XTiP Sportwetten In October, it announced it was backing a newly formed igaming brand, Eyas Gaming, and hoped to secure a German igaming licence for when the market opens in July. Sports betting Revenue for the 12-month period amounted to €2.56bn (£2.31bn/$3.04bn), up from €2.41bn in the previous year. However, the group saw revenue from Germany decline 3.7% to €998.0m. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Gauselmann Group recently reported a 6.7% year-on-year rise in revenue for its 2019 financial year, despite its business being impacted by the novel coronavirus (Covid-19) pandemic. “Working with XTiP has always been a lot of fun for me and we have achieved a lot together, especially for my foundation, which helps disadvantaged children and young people.” German football star Lukas Podolski, who plays for Turkish team Antalyaspor, has had his brand ambassador partnership with Gauselmann-owned sports betting brand, Xtip Sportwetten cancelled, due to German restrictions on sports personalities promoting gambling. After becoming the first German gambling company to receive a licence for sports betting in October (alongside GVC and Tipwin), Gauselmann has been forced to cancel the marketing partnership with the player. Podolski added: “If I do something, then I have to stand behind it, that has always been important to me. And it was exactly the same when working with XTiP. But the law is the law; you have to look just as sporting as the decision of the referee!”last_img read more

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Sportradar becomes official distribution partner of AFC

first_img Email Address “This puts us in an unrivalled position that will showcase a wider range of services we have to offer to engage more sports rights holders in the region.” Topics: Sports betting Sportradar becomes official distribution partner of AFC Regions: Asia Tags: Sportradar Asian Football Confederation Under the agreement, Sportradar becomes the official video and data distribution partner for competitions including the AFC Cup China 2023 and the AFC Champions League. It allows the supplier to use and distribute audio-visual content and AFC match-related data. Subscribe to the iGaming newsletter Sportradar announced in December it was conducting a business-wide reorganisation of its operations, to shift it towards a regionalised approach supporting its future growth strategy. 14th January 2021 | By Conor Mulheir Sports betting The Asian Football Confederation (AFC), the governing body of football in Asia, has announced Sportradar as its official video and data distribution partner for major competitions between 2021 and 2028. Sportradar’s chief executive, Carsten Koerl, added: “We are proud to partner with the AFC in this watershed moment for Asian football. With the importance of Asia, we believe that this agreement is a strategic opportunity that will provide Sportradar further leverage in the region with a sport that is growing exponentially in terms of participation and viewership.” The sports integrity solutions and data products provider has secured worldwide data and associated media rights for the competition cycles 2021-24 and 2025-28. The AFC’s general secretary, Dato’ Windsor John, said: “We welcome Sportradar as our official video and data distribution partner. The agreement will bring AFC football closer to an ever-growing international fanbase and consumers.” Patrick Murphy, board member and chief executive of FMA said: “Innovation has always been key for the new era of Asian football. Enabling AFC data and related media to be distributed in real time and with minimum delay is key in enhancing the fans’ experience, which in turn positively impacts the value of AFC football.” The new structure will see Carsten Koerl continue to oversee the business as group chief executive, supported by three regional CEOs around the world. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Football Marketing Asia (FMA) is a leading football marketing agency for the region, and is AFC’s exclusive commercial partner for the rights cycles 2021-24 and 2025-28.last_img read more

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DraftKings teams up with streaming operator Dish Network

first_img Tags: DraftKings DISH Network Subscribe to the iGaming newsletter DraftKings teams up with streaming operator Dish Network Online sports betting North American TV streaming provider Dish Network has partnered with DraftKings to introduce a betting app integration as part of a broader agreement between the two groups. Read the full story on iGB North America. The two groups said the agreement also allows for subsequent DraftKings sportsbook and daily fantasy experiences with Dish Network’s Sling TV and Boost Mobile in the future. Email Address In the latest convergence of broadcasting and betting in the US, the DraftKings app will be integrated on the Dish TV Hopper platform. Dish customers with an internet-connected Hopper receiver will be able to access the DraftKings app to view betting odds and fantasy contests. They can initiate bets or contest entries with DraftKings directly from their TV, then set recordings and watch the live sports that correspond with those bets or fantasy teams. Regions: US AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The partnership comes in the same week that sports-focused streaming platform FuboTV, a rival service to Dish’s Sling TV, completed its acquisition of sportsbook operator Vigtory as it accelerates towards the launch of its own Fubo Sportsbook. 4th March 2021 | By Richard Mulligan “The integration with DraftKings is an exciting enhancement for our customers and a great addition to the growing Dish TV Hopper platform — a one-stop entertainment hub,” said Brian Neylon, Dish’s group president. Topics: Online sports bettinglast_img read more

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