Hills sells trackside portfolio

first_img Topics: Finance Sports betting Horse racing Regions: UK & Ireland Finance Hills sells trackside portfolio William Hill will focus on its racetrack betting shops after selling its entire portfolio of trackside pitches.The bookmaker has sold 82 stalls to the owner of leading racetrack operator Sid Hooper in a deal the Racing Post suggests is worth around £2m (€2.3m/$2.6m).The sale brings to an end almost a century of trackside operations for William Hill, whose founder began offering markets at the Northolt Park course in 1933.The move comes just three months after William Hill massively expanded its racetrack betting shop portfolio, increasing its number by 34 to 41 through deals with Jockey Club Racing (JCR), Go Racing Yorkshire and various independents.Trading director Terry Pattinson said today’s trackside sale is the latest action in the development of its on-course strategy.In a statement he said: “We have reviewed whether our rails operation continues to makes commercial sense.“Our focus now is to provide on course customers with a full retail experience on the racecourse, so it makes sense to move away from our rails operation, hence, we have agreed a sale with Racecourse Pitches.”William Hill is the lead sponsor of ITV Racing and gives its name to races at Ascot, Ayr and Ripon. Its recent deal with JCR establishes the firm as the exclusive betting shop provider at Jockey Club courses, replacing Betfred in the role.Sid Hooper, managing director at John Hooper, said: “We have been looking for expansion opportunities for some time and we are thrilled to have acquired the William Hill on-course portfolio of pitches.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Race Track and Racino 22nd October 2018 | By contenteditor Operator to focus on racecourse betting shops after sale of 82 stalls Subscribe to the iGaming newsletter Email Addresslast_img read more

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Auning-Hansen to exit as CFO of Danske Spil

first_img Danish gambling operator Danske Spil has revealed that Allan Auning-Hansen is to step down as its chief financial officer. Auning-Hansen will become a partner and CFO of juice bar and coffee shop chain, Joe & The Juice. Topics: People Strategy Auning-Hansen to exit as CFO of Danske Spil Danish gambling operator Danske Spil has revealed that Allan Auning-Hansen is to step down as its chief financial officer.Auning-Hansen will become both a partner and CFO of Joe & The Juice, joining the juice bar and coffee shop chain in October.Danske Spil has now launched a search to appoint a replacement for Auning-Hansen ahead of his official departure.“Danske Spil is a unique company that gives entertainment and dreams to the Danes and thus creates a great profit, which contributes to the Danish society – not least for sports,” Auning-Hansen said.“For joy and benefit, as we say, and something that I will always be proud of having been a central part of. I am sure that the future of the company and the many skilled employees will be just as distinguished as the past, and I promise to keep the tab high until my last day.”Susanne Mørch Koch, group CEO at Danske Spil, added: “Although I am sorry to lose Allan, a skilled daily business partner, I am pleased on his behalf and that Danske Spil can deliver talented managers to other ambitious Danish companies“I know this is an opportunity that Allan could not refuse. I have appreciated Allan’s skill and high spirits, and I wish him all the best in his further career.”Confirmation of Auning-Hansen’s departure comes after Danske Spil earlier this month brokered a deal to acquire Tivoli Gardens’ online gaming business. Danske Spil will be able to use the TivoliCasino.dk brand for the next 10 years, after which the parties will evaluate the success of the venture and decide whether the arrangement should be extended. People Email Address Tags: Online Gambling OTB and Betting Shops Regions: Europe Nordics Denmark 29th May 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletterlast_img read more

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Bradamante and Rajter strengthen Enteractive board

first_img Email Address Strategy Former NetEnt managing director Enrico Bradamante and ex-Expekt.com chief executive Christian Rajter have joined the board of Enteractive, the gambling marketing services provider. Bradamante and Rajter strengthen Enteractive board Former NetEnt managing director Enrico Bradamante and ex-Expekt.com chief executive Christian Rajter have joined the board of Enteractive, the gambling marketing services provider.Malta-headquartered Enteractive, which operates the (Re)activation Cloud platform and specialises in player reactivation and retention, said the appointments would strengthen its ability to scale globally.Bradamante (pictured), following his six-year spell at NetEnt from 2012-18, is currently chief executive at gaming platform developer Maverick Gaming as well as chairman of iGEN, the Malta iGaming association.Rajter, meanwhile, founded Mobenga in 2006 and was chief executive of the supplier until it was acquired by Playtech in 2011. He was previously chief executive of Expekt.com from 2003 to 2006 and is currently chairman of digital security provider Verisec as well as games developer OMI Gaming.Marcus Krüger, chairman of the board at Enteractive, said: “Enrico and Christian bring with them an amazing experience of global B2B go-to-market operations, and we’re honoured to have them both on our team.”Enteractive, which was founded in 2008, has just recently partnered with operators STS and Casumo.Krüger added: “We’re really in the process of accelerating our scaling momentum with Enteractive.“We’re seeing more operators than ever onboarding onto (Re)activation Cloud and we’ve never experienced this level of demand for our platform.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Topics: Strategy Subscribe to the iGaming newsletter Tags: Online Gambling 17th December 2019 | By contenteditorlast_img read more

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XLMedia set for strategic changes after Google rankings demotion

first_img4th February 2020 | By contenteditor Affiliate marketing specialist XLMedia has said it is to accelerate a number of its planned strategic initiatives in response to concerns over Google’s changes to its search algorithm. Marketing & affiliates Tags: Online Gambling Affiliate marketing specialist XLMedia has said it is to accelerate a number of its planned strategic initiatives in response to concerns over Google’s changes to its search algorithm.Last month, XLMedia revealed the move led to a “significant decrease in traffic” on certain websites, which it said in turn is likely to impact its revenue. Google rolled out its new search algorithm update on 13 January.XLMedia said a total of 107 of its websites have been impacted since the initial announcement last month, with 84 of these being tier 3 or 4 sites and the other 23 tier 1 and 2 premium sites.Most of the sites in question are related to online casino, with XLMedia saying that the demotion activity has not impacted other verticals of its business, such as personal finance.XLMedia said while it is continuing to work with Google to understand why some sites have been demoted, with a view to restoring the rankings, it has opted to accelerate certain proposed strategic changes and refocus its activities on the sustainable growth of its publishing assets.The affiliate specialist said this will involve a focus on its core and profitable tier 1 and tier 2 premium sites and a significant reduction in its tier 3 and tier 4 sites and non-core business activities.XLMedia said it will immediately focus on tier 1 and tier 2 premium sites that have been impacted and prioritise efforts in getting these reinstated by Google. It has also begun the process of removing certain sites that are either old legacy sites, or that it believes are not sufficiently compliant with Google guidelines. The company noted certain tier 3 or tier 4 legacy sites may have had a collective negative impact on the ranking of a broader pool of its sites. These sites will now be removed or de-indexed such sites, but XLMedia said that until this process is complete, it will not be possible to be certain the issue will be resolved.In addition, XLMedia has ceased certain activities which, following the closure of the majority of the media activity in March 2019, are no longer regarded as core to the future of the business.In terms of the financial impact of such activities, XLMedia said until the process is complete, it will not be possible to determine the full effect. However, it did say that the demoted tier 1 and 2 sites will see an immediate impact of lost revenues of between $1m (£771,805/€904,498) and $2m for the period.The removal and de-indexing of tier 3 and 4 sites, as well as the reduction in non-core activities, is expected to have an impact of between $3m and $5m for the 2020 financial year.However, XLMedia noted that some of these actions were included within its proposed strategic changes and some of the associate costs budgeted for during the period, which it said will in turn reduce the full impact on earnings.“There is no question that we currently face operational headwinds, but fundamentally, I firmly believe in the underlying quality and sustainability of our business,” XLMedia’s group chief executive Stuart Simms said. “However, I believe it is now time to accelerate a number of strategic measures that will create a short-term drag on revenue growth, but will ultimately strengthen our business by creating a much stronger and more transparent platform from which to grow.“By proactively consolidating – and where necessary culling – our considerable tail of legacy websites and focusing a greater proportion of our efforts on monetising both tier 1 and tier 2 websites in addition to incubating new sites, we will significantly improve the medium-term prospects of the Group.”Simms added: “I feel it’s important to reiterate that we continue to operate a global portfolio of content rich websites that deliver significant value for our users. This expertise remains a core competence for our business which I fully intend to capitalise on as management seeks to both enhance and expand our business over the coming years.”London-listed XLMedia has seen its share price collapse in the last two months – dropping from 70.00p on 13 November to just 25.25p this morning. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img XLMedia set for strategic changes after Google rankings demotion Subscribe to the iGaming newsletter Topics: Marketing & affiliates Strategy Tech & innovation Email Addresslast_img read more

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Revenue edges up at Aspire Global in Q1

first_img Aspire Global has put a 1.5% year-on-year rise in revenue in the first quarter primarily down to an increase in demand for its products in the UK, Irish and wider European markets, though the gaming solutions supplier saw net profit drop during the period.Revenue for the three months through to 31 March 2020 amounted to €33.7m (£29.5m/$36.7m), up from €33.2m in the corresponding period last year.From the start of 2020, Aspire reported a new B2B sub-segment to include its games business, encompassing the Pariplay operation that was consolidated in October last year.B2B net gaming revenue increased by 13.3% to €24.4m and 16.7% to €22.7m excluding inter-segment revenues. This was boosted by the launch of two B2B brands in Q4 of 2019, which Aspire said performed better than expected in the first quarter.In addition, three new partner deals were signed for the platform offering in the quarter, while two new brands were launched on the platform, a sport vertical was added to an existing partner and a successful migration was completed.Looking at the B2C segment, which represents Aspire’s proprietary brands, net gaming revenue fell by 19.7% year-on-year to €11.0m, primarily due to lower revenue in the UK and Ireland, as well as the Nordics as a result of changes to regulation.Taking a closer look at geographical performance in Q1, and though Aspire saw overall revenue from the Nordics slip 39.2% to €4.5m, it noted growth across all other markets.UK and Ireland revenue climbed by 25.5% to €5.9m after Aspire said it was able to adapt to new regulatory requirements announced in Q4 of 2019, while revenue from the rest of Europe climbed by 7.4% to €21.7m and rest of the world revenue jumped by 77.8% to €1.6m.Aspire also noted that the global outbreak of novel coronavirus (Covid-19) had an impact on revenue towards the end of the quarter, in terms of sports betting activities. However, as sports only represented 7.5% of total revenue in Q1, with Aspire’s operations directed towards mainly casino, the overall impact was minimal.That said, in March, Aspire set out how it had taken proactive measures to help reduce the risk for employees and also ensure business continuity during the ongoing pandemic.Looking at spending in the quarter and operating expenses were up slightly from €26.4m in Q1 of 2019 to €27.4m this year.Distribution expenses were the main outgoing for Aspire, with these costs rising 5.1% to €22.6m mainly due to the consolidation of Pariplay. Distribution costs excluding Pariplay fell by 4.7% to €20.5m, though the new games segment added €2.1m in fees.Administrative spending was up 5.4% to €3.9 million, as Aspire committed more funds to investments in the technology, customer support and compliance departments, including recruitments in addition to the consolidation of Pariplay. Gaming duties were down from €1.5m in Q1 of 2019 to €908,000 this year.However, Aspire also noted higher costs elsewhere during the quarter, including in terms of amortisation and depreciation, with this climbing by 45.4% to €1.3m, which left it with an operating profit of €3.9m, compared to €5.2m last year.When taking into account higher finance expenses of €2.1m, up from €915,000 as a result of unfavourable currency exchange rates, this meant pre-tax profit fell from €5.2m to €2.8m. After tax, net profit amounted to €2.5m, down 49.0% from €4.9m in 2019.After also considering the impact of Aspire’s share in the results of associated companies, which amounted to €187,000, comprehensive net income for the period stood at €2.4m, down 41.5% from €4.1m last year.Reflecting on the Q1 results, chief executive Tsachi Maimon was upbeat, praising Aspire for its ability to post an increase in revenue despite the ongoing Covid-19 situation.He also suggested the pandemic could in fact have a positive impact on finances moving forward, with more players moving to online casino due to the cancellation of sports events and temporary closure of land-based gaming facilities around the world.“In the quarter we saw limited impact from the pandemic,” he said. “However, as a consequence of the pandemic, players choose online entertainment over land-based, and in April total trading volumes increased to about €13.5m, which is about 20% higher than the average monthly trading volume in Q1 2020.“The world is going through challenging times during the pandemic. Early in the quarter we took proactive measures to reduce the health risks for the employees and to ensure business continuity. Thanks to a robust underlying business and dedicated employees, service levels remained high.”Maimon also said how Aspire will continue its focus on geographic expansion in Q2 and beyond, with licence applications and launches planned for markets all over the world.“We are preparing ourselves for license applications in the Netherlands Q1 2021 and in Germany Q3 2021,” he said. “We are also preparing to launch our games and aggregation platform in four new markets in 2020; we will be targeting Italy and Spain in Q2 2020 and New Jersey and Switzerland in Q3 or Q4 2020.”In terms of merger and acquisition activity, though this has been impact by the pandemic, Maimon said Aspire continues to seek out options that could help to improve its business.“We continue our active search for acquisitions and new projects that could broaden the offering for players, enhance the scale benefits of the platform or accelerate the B2B growth,” he said. “It is our clear target to control more parts of the value chain in order to enable our partners to achieve their full potential.“We have been successful in securing business continuity during the pandemic and continue the execution of our growth strategy, capitalising on our complete igaming offering.” Tags: Online Gambling Slot Machines 5th May 2020 | By contenteditor Casino & games Aspire Global has put a 1.5% year-on-year rise in revenue in the first quarter primarily down to an increase in demand for its products in the UK, Irish and wider European markets, though the gaming solutions supplier saw net profit drop during the period. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Subscribe to the iGaming newsletter Revenue edges up at Aspire Global in Q1 Topics: Casino & games Finance Slots Email Addresslast_img read more

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Massachusetts House clears amended sports betting bill

first_img Massachusetts House clears amended sports betting bill Legal & compliance Subscribe to the iGaming newsletter 29th July 2020 | By contenteditor The Massachusetts House of Representatives has voted to approve an economic development package bill that includes a section to legalize sports betting in the state. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Topics: Legal & compliance Sports betting The Massachusetts House of Representatives has voted to approve an economic development package bill that includes a section to legalize sports betting in the state.The House yesterday (July 28) voted 156-3 in favour of H.4879, which, after being introduced last week, will now move forward to the state Senate.Should the Senate make any further amendments to the bill, these would then need to be approved by the House by Friday (July 31), when the current Massachusetts legislative session is due to conclude.Sponsored by the Massachusetts House Committee on Ways and Means, H.4879 is an act designed to enable “partnerships for growth” in the state, and sets out a host of proposed measures. These include the Massachusetts Sports Wagering Act, which would legalize online, mobile and land-based sports betting.Read the full story on iGB North America. Regions: US Massachusetts Email Addresslast_img read more

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Malta union threatens industrial action following NetEnt layoffs

first_img Regions: Europe Southern Europe Malta HR Email Address 7th December 2020 | By Daniel O’Boyle Second, the union said NetEnt and Evolution did not provide detail of the redundancies in writing. Under the regulations, employers are required to give representatives information about the reason for redundancies, the number planned, the date they will occur the criteria for selection and details of redundancy pay. The Regulations note that employers in violation are liable to a fine of not less than €1,164.69 for every employee that is declared redundant. The General Workers’ Union for Malta has declared an industrial dispute with NetEnt and Evolution, claiming the businesses failed to acknowledge the country’s largest trade union as an employee representative for planned layoffs. Malta union threatens industrial action following NetEnt layoffs Subscribe to the iGaming newsletter The dispute follows Evolution’s launch of the process to integrate NetEnt in the wake of its SEK19.60bn (£1.72bn/€1.91bn/$2.30bn) deal for the slot specialist. This will see it make €30m of cost-cutting measures, including layoffs, at the slot developer. The union said it had two major complaints with NetEnt and Evolution. First, that the suppliers did not acknowledge it as an official employee representative. This was in violation of Malta’s Collective Redundancies (Protection of Employment) Regulations, it claimed, which state “the employer proposing to declare the collective redundancy has the duty to notify in writing the employees’ representatives”.center_img Topics: Casino & games People Strategy Live dealer Slots HR M&A Management Tags: NetEnt Evolution The Union added that NetEnt and Evolution were also in violation of the Transfer of Business (Protection of Employment) Regulations, which concerns merger-related layoffs, but did not specify which clauses were breached. The union added it had “reserved the right to take industrial action” related to the issue. “The GWU advises that these measures have become necessary given the gaming companies’ declared and manifest unwillingness to consult it, as the employees’ representative, in order to avoid mass redundancies in the igaming sector,” it said. These layoffs, the union claims, had not been handled according to regulations. “The companies are reportedly planning to lay off over 300 employees, with no effort being made to avoid redundancies, and by engaging in anti-union tactics.” Last week, NetEnt announced that it will delist its B-shares from the Nasdaq Stockholm exchange on 16 December following the merger. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

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Colombian regulator seizes 871 illegal slot machines in 2020

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 18th December 2020 | By Robert Fletcher Legal Colombian regulator seizes 871 illegal slot machines in 2020 “We have managed to advance with the seizure of a very important number of machines that were operating illegally and that translates into lost resources that could have been used to finance the health of Colombians,” Zárate said. Coljuegos also revealed that some 90 prosecutions related to illegal gambling activities were carried out in 2020 Topics: Legal & compliance Legal Regulation Some 206 machines were located in Cartagena, as well as 168 machines in Barranquilla and 110 in Medellín. Subscribe to the iGaming newsletter Colombia’s gambling regulator Coljuegos has revealed that it seized 871 illegal slot machines in 2020. Working together with the national Attorney General, the Army and the Fiscal and Customs Police (POLFA), the machines were shut down in areas across the country after Coljuegos deemed they had been operating without approval. The new report comes after Colombian industry association La Federación Colombiana de Empresarios de Juegos de Suerte y Azar (Fecoljuegos) last week announced that a national illegal online gambling ring bringing in revenue of COP3bn per month had been shut down. Email Address The 15-member group, known as “Los Poker”, operated illegal gambling at 62 different URLs, with gaming services provided by a Malta-based supplier. The machines generated an estimated COP27.7bn (£6.0m/€6.6m/$8.1m) in unlicensed revenue Tags: Coljuegos Regions: LATAM Colombia Manager for the control of illegal operations at Coljuegos, Carlos Andrés Zárate, praised the work done by agents during 2020 to tackle unlicensed gambling, despite their progress having been hampered by the novel coronavirus (Covid-19) pandemic, Quindío was the area with the most illegal machines, with some 256 terminals seized.last_img read more

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Incentive Games enters US market through Intralot deal

first_img Regions: US Montana Washington DC 24th March 2021 | By Marese O’Hagan AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The deal, which will see Incentive’s Margin Selector, Dream Team and Bracket games available for NBA and NFL contests, marks Incentive Games’ entrance into the US market. The first products have already launched for the NCAA’s 2021 Basketball Tournament. Topics: Online casino esports betting Incentive says that Margin Selector already boasts tens of thousands of daily players, with over 70% of customers playing for consecutive weeks. Incentive Games has announced a 36-month deal with global gaming operator Intralot to launch a collection of free-to-play games on Intalot’s betting products for the Montana and Washington DC lotteries.center_img Incentive Games enters US market through Intralot deal Online casino Read the full story on iGB North America. Subscribe to the iGaming newsletter Email Addresslast_img read more

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Jockey Daniel Jack Smith banned for 8 years for “unprecedented” betting offences

first_imgThoroughbred Racing Northern Territory (TRNT) reported the conclusion of an inquiry into a report alleging Smith’s involvement in betting activities between July 2019 and December 2020. Jockey Daniel Jack Smith, formerly known as Terry Treichel, has received an 8 year ban from racing after pleading guilty to 32 charges including placing bets on other horses in races in which he competed. 27th April 2021 | By Marese O’Hagan The stewards handed down a two-year ban for the first of the category A bets, with a reduction of three months as a special circumstance. The same penalty of 21 months disqualification applies to each of the 15 remaining category A breaches, adding up to 336 months (28 years) total. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Legal & compliance The normal penalty for a breach of this rule is a two-year ban from horseracing. However, the Stewards decided that the 27 charges needed to be split into two categories. Category A consisted of 16 charges of bets involving Smith. These bets added up to AUD$1380. Smith entered a guilty plea to 27 breaches of AR115(1)(e), relating to jockey and apprentice misconduct. Smith placed bets while licenced as a jockey under his former name, Terry Treichel, between July 2019 and December 2020. Jockey Daniel Jack Smith banned for 8 years for “unprecedented” betting offences A nine-month disqualification was imposed, with a three-month reduction for his guilty plea. “This is a unique set of circumstances not seen before in Australian Racing,” said the TRNT in a statement. There was no evidence to suggest that Smith performed in the races in a way that corrupted the outcomes. Smith then pleaded guilty to two final charges of breaches of AR115(1)(c), which states that jockeys should not bet, or facilitate a bet, in any race. Smith placed a total of 168 known bets on Australian thoroughbred races between April 2019 and July 2020 while licensed as a jockey. The turnover of these bets was approximately $10,500.center_img For these charges, the Stewards decided that Smith would be banned from horseracing for three years. In the first of the category B bets, the Stewards banned Smith for three years with a six-month reduction as per special circumstances. The remaining 10 breaches carry a 30 month disqualification each, totalling at 330 months (27 and a half years). Smith also pled guilty to two charges under AR229(1)(h), prohibiting false or misleading statements to racing administration. Smith made false declarations to a principal racing authority after changing his name by deed poll from Terry Charles Treichel to Daniel Jack Smith by submitting jockey licence applications under his former name. To a further charge of placing a AUD$100 bet through a Poinstbet account in November 2020 while licenced as a jockey under Terry Treichel, Smith received a 2 month suspension. Topics: Legal & compliance People Sports betting Legal Horse racing Category B involved 11 charges for placing bets on other contestants in thoroughbred races Smith rode in. These bets came to AUD$460. “The coveting of a change in identity and subsequent volume of betting whilst licenced as a jockey is unprecedented.” Email Address Regions: Oceania Australia Subscribe to the iGaming newsletter After taking each charge into considering, the Stewards decided that an overall penalty of 8 years’ disqualification was appropriate. The periods of suspension and disqualification will run concurrently. The disqualification period will be backdated to the day Smith’s licence was suspended, 18 December.last_img read more

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