GVC to fund $5m Harvard responsible gambling study

first_img GVC to fund $5m Harvard responsible gambling study GVC Holdings is to invest $5m in a joint research project conducted in partnership with Harvard Medical School, using the findings to conduct launch a new global advertising campaign to promote responsible gambling as it continues to ramp up social responsibility efforts.The research project is a tentpole of the company’s Changing for the Bettor campaign, which will see the owner of the Ladbrokes, Coral and bwin brands work with the Harvard Medical School’s Division on Addiction on a five-year investigation into gambling behaviour. GVC will provide the faculty with anonymised player data across a range of its brands, sports betting and gaming products. The project will focus on a number of areas such as patterns of normal iGaming behaviour, as well as looking to identify behavioural markers of problems, drilling down to find markers for specific types of betting and gaming. This will be supported by research into the effects of gambling expansion in new markets.It has the ultimate aim of evaluating the effectiveness of algorithms used by GVC and other operators to detect at-risk behaviour, as well as evaluating the effectiveness of intervention messaging and responsible gaming tools currently in use.“It is only by taking an evidence-based approach to examining gambling that we can develop better strategies and tools to limit its potential to cause harm,” said Dr. Howard Shaffer, Morris E. Chafetz Associate Professor of Psychiatry in the Field of Behavioural Sciences at Harvard Medical School and director of its Division on Addiction.“The collaboration with GVC that we have announced today will play a significant role in advancing our knowledge about gambling and intemperate gambling and is warmly welcomed.”This will be supported by education campaigns, such as the previously-announced youth education programme with UK problem gambling charity GamCare and an in-school awareness-raising campaign in collaboration with EPIC Risk Management.Changing for the Bettor will also look to build on work to promote responsible attitudes towards gambling, having been the first operator to commit to supporting a ban on gambling ads being broadcast around live sport. The so-called whistle-to-whistle ad ban has since been added to the Industry Group for Responsible Gambling’s (IGRG) Gambling Industry Code for Socially Responsible Advertising, and comes into force later this year. GVC will also launch an algorithm with which it aims to flag signs of problem gambling for its UK-facing sites, as well as adopting responsible product design principles in a bid to embed player protection measures in its games. The operator will also work with the Safer Online Gambling Group, the responsible gambling body founded by former gambling addict David Bradford, to ensure its focus on making gambling products safer underpins all business areas. Finally, GVC will double the amount it donates to problem gambling research, education and treatment bodies to 0.2% of gross gaming revenue. “Whilst the vast majority of our customers enjoy playing with us in a safe and fun environment we are aware that for some players, gambling can impact their lives negatively,” GVC director of responsible gaming Grainne Hurst explained. “We are committed to leading the industry in minimising potential harm caused by problem gambling.The UK government’s Minister for Sport and Civil Society Minister Mims Davies welcomed GVC’s social responsibility efforts, saying operators have a key role to play in protecting consumers from harm and identifying potentially risky betting behaviour.“Research is essential to progress in this area and GVC’s Changing for the Bettor campaign will make an important contribution to tackling problem gambling,” Davies said. “We are committed to protecting consumers across the country and are working with industry to create a healthy and more socially responsible sector.” Tags: Mobile Online Gambling OTB and Betting Shops Subscribe to the iGaming newsletter Topics: Strategy Strategycenter_img GVC Holdings is to invest $5m in a joint research project conducted in partnership with Harvard Medical School as part of its new Changing for the Bettor campaign, through which it aims to improve player protection standards across its product range. Email Address 23rd January 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Paddy Power faces €80,000 payout over staff breaks

first_imgPeople Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Irish trade union Mandate has said Paddy Power could be forced to pay out up to €80,000 in compensation to staff who were not given proper breaks at work. Irish trade union Mandate has said Paddy Power could be forced to pay out up to €80,000 (£69,600/$90,800) in compensation to staff who were not given proper breaks at work.Ireland’s Workplace Relations Commission (WRC) has this week ordered the bookmaker to pay 11 workers a cumulative €10,100 in compensation, in a second tranche of decisions as part of an ongoing case.Mandate has so far lodged 78 separate cases on behalf of its members that have been affected by the issue. Divisional organiser Robert McNamara has said the union expects its members at Paddy Power to receive between €750 and €1,000 each.“There are thousands of workers in the retail, pharmacy, bar and betting industries who are currently being denied their statutory entitlements but do not know their rights or do not have a trade union to back them up,” McNamara said in a statement issued to iGamingBusiness.com.“The Paddy Power workers who joined Mandate and have won these cases are a good example of why it’s important to be a member of a trade union.”Paddy Power had initially appealed the first tranche of rulings to the Labour Court, but later opted to withdraw these appeals and agreed to pay out to the affected Mandate members.During the second round of rulings, the WRC ordered the bookmaker pay more than €1,000 to eight claimants, as well as €800 to one worker and €650 in two other cases.A Paddy Power Betfair spokesperson has told iGamingBusiness.com that the bookmaker will now reflect on this latest ruling to see how it can improve its systems.The spokesperson said: “We have systems in place to enable employees to take their breaks, and we will continue to ensure that our employees get them. We are disappointed with this ruling but we will be abiding by it and reviewing our processes accordingly.”To date, McNamara said the WRC has made rulings concerning 42 cases relating to the Paddy Power case, with the bookmaker paying out €38,000 in awards as a result. McNamara does not expect Paddy Power to appeal the latest tranche of rulings.Mandate had previously called for more of its members to come forward and seek payouts over the issue following the success of earlier rulings. McNamara said Mandate is now considering taking more cases relating to the case.Image: Gordon Joly Topics: People Strategy 20th February 2019 | By contenteditor Paddy Power faces €80,000 payout over staff breaks Tags: OTB and Betting Shops Regions: UK & Irelandlast_img read more

RedKings to close poker and sport betting products

first_img RedKings to close poker and sport betting products Tags: Card Rooms and Poker Online Gambling 9th April 2019 | By contenteditor Subscribe to the iGaming newsletter SkillOnNet-powered RedKings is to close its poker and sports betting products later this month, but continue to operate its online and mobile casino service. Poker and sports betting will cease operations on April 28. Email Addresscenter_img Casino & games SkillOnNet-powered RedKings is to close its poker and sports betting products later this month, but continue to operate its online and mobile casino service as normal Customers can continue to play poker until April 28, while all existing bonuses will also remain valid until this date. However, RedKings will not issue any more bonuses and its monthly Chase and Point per Day promotions have both been stopped for this month. RedKings’ poker product was most recently active on the Microgaming Poker Network and the operator has reached an agreement with partner Betsafe to take over its various promotions. In terms of sports betting, RedKings has said that all bets must be settled by April 24. The RedKings casino service will continue to operate as normal and all players’ accounts will remain active, allowing them to access funds to play or withdraw at any time using the same login details as the poker and sports betting products. In a statement on its website, RedKings said: “We thank you for playing Poker and betting at RedKings and we wish you good luck in the future.” RedKings has been active in the online gaming market for around 13 years and was initially part of the Ongame Network before switching to the Microgaming Poker Network in September 2016. Image: Santeri Viinamäki Topics: Casino & games Sports betting Strategy Tech & innovation Poker AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

NHS reveals plans for first childrens’ gambling clinic

first_img NHS England’s chief executive has resurrected calls for a mandatory levy on gambling operators as plans for the UK’s first gambling clinic for children were unveiled.Simon Stevens said operators are spending just a “fraction” of their revenue on assistance for those who develop gambling addictions and suggested further discussion over them being forced to do more.The National Problem Gambling Clinic in London, which opened in 2008, will now offer specialist help for children and young people aged 13 to 25 as part of an expansion which will also ramp up treatment for adults.It is being opened as part the NHS Long Term Plan, amid concerns that – according to Gambling Commission figures – 55,000 children may have a gambling problem while 450,000 are gambling regularly.Stevens contrasted the amount spent by gambling operators on advertising compared with their contributions to assistance for gambling problems.“This action shows just how seriously the NHS takes the threat of gambling addiction, even in young people, but we need to be clear – tackling mental ill health caused by addiction is everyone’s responsibility – especially those firms that directly contribute to the problem,” Stevens said.“This is an industry that splashes £1.5bn on marketing and advertising campaigns, much of it now pumped out online and through social media, but it has been spending just a fraction of that helping customers and their families deal with the direct consequences of addiction.“The sums just don’t add up and that is why as well as voluntary action it makes sense to hold open the possibility of a mandatory levy if experience shows that’s what’s needed,” he continued. “A levy to fund evidence-based NHS treatment, research and education can substantially increase the money available, so that taxpayers and the NHS are not left to pick up a huge tab.”Up to 14 new NHS clinics are being opened as part of the NHS Long Term Plan – starting with the NHS Northern Gambling Service in Leeds this summer, followed by centres in Manchester and Sunderland.NHS England said the development of new clinics should give people with gambling problems, faster access to specialist, evidence-based services.The services will see psychiatrists and clinical psychologists working with patients whose lives are being impacted by severe or complex issues with gambling. Once referred to a clinic, psychiatrists and clinical psychologists will work with patients who could have a range of complex gambling related difficulties, including mental health difficulties and a lengthy period of problem gambling with little or no abstinence.Stevens’ call comes days after five of the UK’s leading sports betting operators voluntarily agreed to increase funding for problem gambling treatment and safer gambling.William Hill, Ladbrokes Coral owner GVC Holdings, Flutter Entertainment (formerly Paddy Power Betfair), The Stars Group-owned Sky Betting & Gaming and bet365 have agreed to increase their voluntary contribution from 0.1% to 1% of gross gaming yield in no more than five years.As a result of the funding increase, voluntary levy will eventually raise £100m (€112.4m/$126.0m) each year for charities that provide treatment and support for those suffering from gambling-related harm. Last year, money raised through the levy fell short of its £10m target.In April, gambling charity GambleAware called for UK operators to provide more financial support for its problem gambling treatment efforts after industry funding failed to meet its 2018-19 target. Voluntary donations from the industry during the 12 months to March 31, 2019 amounted to £9.6m, short of the £10m that trustees of the charity had asked of the market.Speaking about the new clinic for children, Culture Secretary Jeremy Wright said: “Protecting people, and particularly children, from gambling-related harm is vital. I have seen first hand the important work that these specialist clinics do and I am pleased that the NHS is expanding its support for young people.“The gambling industry must be socially responsible and take all reasonable steps to keep people safe, including by increasing funding for research, education and treatment. My department is working with the industry towards a strong package of measures to ensure vulnerable people are protected.” Legal & compliance Email Address Topics: Legal & compliance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter NHS England’s chief executive has resurrected calls for a mandatory levy on gambling operators as plans for the UK’s first gambling clinic for children were unveiled.center_img NHS reveals plans for first childrens’ gambling clinic Regions: UK & Ireland Subscribe to the iGaming newsletter 24th June 2019 | By contenteditorlast_img read more

OPAP set to further increase stake in Stoiximan

first_imgFinance Greek gambling operator OPAP Group has agreed to acquire an additional stake in Stoiximan Group’s Greek and Cypriot operations (SMGC), after securing approval to proceed with its initial acquisition of a larger holding in the business. 21st April 2020 | By contenteditor Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter OPAP set to further increase stake in Stoiximan Tags: Online Gambling Subscribe to the iGaming newsletter Topics: Finance Strategy Regions: Europe Southern Europe Cyprus Greece Greek gambling operator OPAP Group has agreed to acquire an additional stake in Stoiximan Group’s Greek and Cypriot operations (SMGC), after securing approval to proceed with its initial acquisition of a larger holding in the business.OPAP in January 2019 struck a deal to purchase a 51% stake in SMGC for a total consideration of €94.9m (£82.9m/$102.8m), with the deal granted approval from the Hellenic Competition Commission in November last year.The Commission for the Protection of Competition of the Republic of Cyprus has now also cleared the deal, allowing OPAP to proceed with the acquisition.In relation to the initial arrangement, OPAP has also agreed to take an additional 15.48% indirect stake in SMGC.OPAP currently owns a 36.75% stake in Stoiximan Group through the brand’s parent company TCB Holdings that was purchased in September 2018. OPAP will retain this stake and continue to provide online betting and other online gaming services outside of Greece and Cyprus – currently in Portugal, Romania and Germany – under the Betano brand.Together with the 51% stake in the Greek and Cypriot business, plus the existing stake in the business, the purchase of the additional 15.48% stake sees it increase its total shareholding in SMGC to 84.49%. However, this remains subject to the requisite regulatory and competition approvals.Should all sections of the acquisition secure approval, including the additional indirect stake, the aggregate net consideration planned to be paid in 2020 would be €163.4m, plus net cash.In addition, subject to performance criteria set for the SMGC, the purchase would be subject to certain earn-out payments, calculated as a multiple of earnings before interest, tax, depreciation and amortisation differential for the years 2020 and 2021.SMGC would continue to operate independently from OPAP’s online business, with the existing SMGC management team continuing to lead SMGC’s day-to-day operations. SMGC would continue to operate under the Stoiximan brand through a separate legal entity.OPAP would also appoint directors to the board of the legal entity operating the SMGC business and, upon implementation of the sole control over SMGC, would assume control of this board.“Building up OPAP’s presence in Online was a key element of our original 2020 Vision and in the last two years we have been steadily implementing our strategy of developing OPAP’s own online business while also taking an investment in the leading Greek online operator, Stoiximan Group,” OPAP chief executive Damian Cope said.“Both have been growing rapidly during this time, albeit from very different bases, and so we are delighted to be announcing today that we are not only now able to conclude our previously announced investment but that we have also reached agreement with Stoiximan to further increase OPAP’s stake in their Greek & Cypriot operations.”Stoiximan chief executive George Daskalakis added:: “Since OPAP’s initial investment 14 months ago, both Stoiximan and Betano have achieved impressive growth. This is the result of a strategic plan executed with consistency and professionalism by a team of more than 700 highly dedicated colleagues, whom I am honoured to lead.“Today, OPAP’s decision to increase its investment in Stoiximan, essentially fuels the prospects of our company in the future, but mainly constitutes a strong vote of confidence in our way of doing business.”Earlier this month OPAP reported a 4.7% year-on-year increase in revenue for 2019, to €1.62bn, though it did not break out online performance in the results. The operator is expecting a significant impact from the novel coronavirus (Covid-19) pandemic, however, which it expects to reduce monthly gross gaming revenue by up to €140m, with earnings expected to fall between €50m and €53m while its effects are felt.last_img read more

GC reveals overall decline in British gambling revenue

first_img Tags: Online Gambling OTB and Betting Shops Slot Machines Bingo AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Email Address Topics: Casino & games Finance Bingo Slots The GB Gambling Commission has reported a 0.5% decline in gross gambling yield (GGY) for the 12 months from October 2018 to September 2019, though this was mitigated in part by an increase contribution from online gaming. However, year-on-year comparisons reveal a 1.8% decline in online revenue.Overall market revenue for the year ended 30 September, 2019 fell to £14.26bn (€15.89bn/$17.47bn), down from £14.33bn reported in the 12 months to 31 March, which includes a six month overlap. However, a like-for-like comparison, with the year ended 30 September 2018, revealed a 1.4% decline.The sequential decline, the regulator explained, was due to the land-based sector’s struggles. During the period in question, the number of gambling premises fell 9.6% to 9,745, while the number of betting shops – following the B2 stake cut in April 2019 – fell 12.1% to 7,315.This cut contributed to revenue from B2 machines dropping 46.4% to £624.0m, with Category B3 machines’ contribution falling 18.5% to £1.3bn. As a result, total gaming machine yield was down 11.8% to £2.5bn. Revenue for land-based casinos was also down, falling 0.6% to £1.05bn. Turning online, the Commission said that gross yield for the 12 months to 30 September amounted to £5.51bn. While this represented a 4.3% increase compared to the year to 31 March 2019, it was down 1.8% year-over-year. Online casino accounted for £3.19bn of the total, followed by £2.12bn from betting and £198.1m from bingo.As of 30 September 2019, players held 30.2m accounts with licensed operators, down 2.7% from 31 March that year, while new account registrations fell 5.6% to 31.5m for that same period.The national lottery, meanwhile, saw sales rise 3.9% to £7.49bn, of which £4.30bn was awarded to players as prizes. The lottery issued £1.58bn to good causes, and paid £901.7m in lottery duty. Retailers received £304.3m in commission, leaving operator Camelot with £395.9m. Other lotteries, both online and land-based, generated sales of £775.6m in the 12-month period.The regulatory body intends to publish the next set of data results, covering the year ended 31 March 2020, in November. The most recent set of results for this reporting period saw overall market GGY amount to £14.4bn. Regions: UK & Ireland The GB Gambling Commission has reported a 0.5% decline in gross gambling yield (GGY) for the 12 months from October 2018 to September 2019, though this was mitigated in part by an increase contribution from online gaming. However, year-on-year comparisons reveal a 1.8% decline in online revenue.  28th May 2020 | By contenteditor GC reveals overall decline in British gambling revenuelast_img read more

Penalty Shoot-Out by Evoplay Entertainment

first_img Penalty shoot-out is a dynamic gambling instant game where you need to beat the goalkeeper, score a penalty shootout and get the prize! The rules of the game are simple and understandable for everyone. You need to Choose the country for which you will play, make a bet, and start playing. You can select a specific area between the goalposts, or relying on the will of chance to send the ball to the goal and earn bonuses. Each goal scored will bring you a bonus. And the successful whole penalty shootout will give a super bonus.The game will amaze you with colorful animation, simple controls and a user-friendly interface, as well as delight with its fast gameplay.You can play a demo of this game here! Casino & games Penalty Shoot-Out by Evoplay Entertainment Topics: Casino & games Slots AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Email Address 9th June 2020 | By Aaron Noy Subscribe to the iGaming newsletterlast_img read more

Denver Broncos signs up new betting partner in BetMGM

first_img Tags: Mobile OTB and Betting Shops AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 9th July 2020 | By contenteditor Email Address National Football League (NFL) franchise the Denver Broncos has signed up its second sports betting partner, with BetMGM to open a new lounge at the team’s Empower Field at Mile High stadium through the agreement. Subscribe to the iGaming newsletter Topics: Marketing & affiliates Sports betting National Football League (NFL) franchise the Denver Broncos has signed up its second sports betting partner, with BetMGM to open a new lounge at the team’s Empower Field at Mile High stadium through the agreement.BetMGM, the leading brand operated by MGM Resorts and GVC Holdings joint venture Roar Digital, is to provide a range of premium fan experiences to Broncos fans as an official partner of the team.This includes the BetMGM Lounge within the stadium, which will offer fans aged 21 and above access to a bar, with live odds prominently displayed and staff on hand to offer assistance with the operator’s mobile sportsbook app.Other perks, such as VIP travel packages, and additional benefits through MGM Resorts’ M Life Rewards program will also be on offer to customers, alongside a range of promotions to be announced at at a later date.Similar to FanDuel’s partnership with the Broncos, announced in June – the first betting-focused tie-up with an NFL team – as well as Betfred’s partnership with the team that followed the next day.BetMGM will also gain access to digital marketing assets and a presence on in-stadium signage.This will be complemented by a new free-to-play predictions game, available to fans via the Broncos’ official mobile app. Fans will be able to compete against one another, for the chance to win MGM Resorts prizes, including trips to its properties across the US.Read the full story on iGB North America. Regions: US Colorado Denver Broncos signs up new betting partner in BetMGM Marketing & affiliateslast_img read more

Colorado sees sports betting revenue and handle rise in July

first_img Colorado reported a 9.1% month-on-month increase in sports betting revenue for July, while handle also jumped 55.4%, according to figures released by the Colorado Department of Revenue.Sports wagering revenue in July amounted to $2.4m (£1.8m/€2.0m), up from $2.2m recorded in the previous month, as the market continued to grow since its first full month of operations in May this year.Online was by far the main source of income for licensed operators in the state, with revenue for the channel contributing  $2.3m, compared to just $164,238 from retail sportsbooks.In terms of player spending, the state’s handle amounted to $59.2m for July, up from $38.1m in June, with consumers winning a total of $53.6m in the process.Players wagered $58.6m via online sports betting platforms during the month, which was significantly more than the $582,815 spent at retail facilities.Read the full story on iGB North America. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Finance 27th August 2020 | By contenteditor Colorado reported a 9.1% month-on-month increase in sports betting revenue for July, while handle also jumped 55.4%, according to figures released by the Colorado Department of Revenue. Email Addresscenter_img Colorado sees sports betting revenue and handle rise in July Regions: US Colorado Subscribe to the iGaming newsletter Topics: Finance Sports bettinglast_img read more

PointsBet exceeds expectations with AU$200m placement

first_img Topics: Finance Online gambling operator PointsBet has surpassed initial expectations by raising AU$200m (£109.9m/€123.0m/US$145.2m) through a share placement.PointsBet last week set out plans to generate $150m, but the raising surpassed this after the operator sold off a total of 18,181,819 new shares at a price of $11 each.The offering, which ran from September 2 and ended today (4 September), saw interest from its native Australia and from overseas, with both new and existing investors purchasing shares.The settlement of new shares is expected to take place on 9 September and begin trading the day after, with the new shares set to rank equally alongside existing shares in PointsBet.“We view the success of the placement as a clear endorsement of the long-term strategy of PointsBet,” managing director and group chief executive Sam Swanell said. “The capital raising strengthens the company’s balance sheet to execute its long-term strategy.”The share offering forms part of a wider initiative to generate additional funds for PointsBet, with the operator having initially sought to raise a total of $303m.The second part of the effort comprises a fully underwritten entitlement offer, through which PointsBet will attempt to raise $153.2m, making shares available at a price of $6.50 each.The entitlement offer is due to commence from 7 September.The capital raising comes after PointsBet last week entered a new partnership with the NBC Sports arm of US broadcasting giant NBCUniversal.Under the five-year deal, PointsBet will spend US$393m on marketing, with the operator to be incorporated in multi-platform gameday integrations across the eight NBC Sports Regional Networks.NBCUniversal will also secure new fully paid ordinary shares in PointsBet, representing a 4.9% ownership interest in the operator. Online gambling operator PointsBet has surpassed initial expectations by raising AU$200m (£109.9m/€123.0m/US$145.2m) through a share placement. 4th September 2020 | By contenteditor PointsBet exceeds expectations with AU$200m placement Email Addresscenter_img Finance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Tags: Online Gamblinglast_img read more