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BetVictor goes live with Nektan’s B2B global casino platform

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BetVictor goes live with Nektan's B2B global casino platformReading Time: 3 minutes

 

Nektan plc, the fast-growing international gaming technology platform and services provider, is pleased to announce that it has signed a contract and is now live with BetVictor, one of Europe’s leading gaming companies. Nektan has integrated its B2B E-Lite casino platform into the BetVictor’s casino offering. This is the first deal of its kind for Nektan. Signing a partnership with a globally established gaming business is a landmark win for Nektan’s higher margin B2B business and provides further momentum to the Company’s growth.

Through Nektan’s partnership with Malta-based gaming company, Tyche Digital Malta Limited (“Tyche”), the deal will see BetVictor take the E-Lite platform’s casino content and distribute it across three of its key casino brands giving Nektan access to BetVictor’s flourishing customer base.

The integration significantly expands BetVictor’s casino offering, with the E-Lite platform giving it direct access to HTML5-developed slots and table games from more than 24 of the industry’s leading games and content developers.

 

Gary Shaw, Interim Chief Executive Officer of Nektan, said:

“This exciting partnership with BetVictor demonstrates how Nektan is attracting large and established businesses to use our technology to enhance their product offering. It serves as another example of our business model delivering growth throughout each market that we operate in and will help us to build on the progress announced recently in our Q1 trading update.”

 

Jane Ryan, Nektan Chief Operating Officer of B2B, said:

“We’re thrilled to have partnered with BetVictor, a leading operator with a thriving global customer base. This landmark partnership is set to deliver commercial opportunities to develop and drive significant revenue generation for Nektan throughout the coming months and beyond. It is also a demonstration of how we are fast becoming the go-to provider of premium and compliant entertainment content throughout our industry. The speed with which we can deliver our content to live environments for partners is what differentiates our technology.

“We have worked hard to become the provider of the best gaming content by continually increasing the amount available, as well as improving and enhancing it. We’re sure BetVictor’s players will enjoy the feature-rich, cutting-edge games available to them via our E-Lite platform and look forward to adding more state-of-the-art content across all our platforms.”

 

Turlough Lally, Director of Casino at BetVictor, said:

 

“With the constant technology advancements and new games available at the tap of a button, customer demands are becoming increasingly high. To cut through the noise, operators need to keep re-assessing and innovating their games portfolio to provide players with improved gaming options, that can easily be accessed via mobile devices, which are dominating the iGaming industry.”

“This exciting partnership with Nektan is an important strategic move for BetVictor and we’re confident this global platform integration deal will bring new gaming opportunities for our global player base, while complementing our existing network of casino brands.”

 

Further information on Nektan can be found on the Group’s website at www.nektan.com.

 

About Nektan:

Nektan is an international B2B and white label gaming software and services provider, operating in the regulated, interactive real money gaming (RMG) space, delivering original and innovative solutions to commercial organisations that have established online audiences.

Nektan’s full end-to-end technology platform, Evolve, simplifies and supports the route to mobile and desktop gaming revenues, managing the full customer experience and back-office operations, allowing commercial partners to focus on marketing the product to their consumers.

Nektan’s US operating subsidiary, provides US land-based casinos with in-venue mobile gaming solutions which allow operators to add mobile technology and content to their existing offerings, with products accessible to players across both cabinets and mobile devices inside the casinos. Respin has a strong intellectual property portfolio including game patents for Rapid Games™ (on-property mobile entertainment), and other captivating concepts and brands.

Nektan is headquartered in Gibraltar, regulated by the Gibraltar Licensing Authority and the UK Gambling Commission, as well as in the Irish market and maintains sales and customer support operations in its two primary geographical targets, Europe and North America.  The proprietary Evolve technology is developed and maintained by a talented and experienced team of employees from Nektan’s Indian office.

Nektan plc was admitted to the AIM market of the London Stock Exchange in November 2014.

 

About BetVictor:

BetVictor is one of Europe’s leading online gaming companies. Its focus is to offer customers a simple, intuitive and personal betting experience. Digitally data-led, BetVictor provides in-house technologies and product development capabilities enabling the company to build successful partnerships. With customers in more than 150 countries, with over 400 employees, BetVictor is an established innovator in the gaming industry.

BetVictor is an Official Principle Partner of Liverpool Football Club since 2016 and the headline sponsor of Cheltenham’s November Meeting including the feature BetVictor Gold Cup.

Established in 1946, Michael Tabor acquired sole-ownership of BetVictor in 2014 having previously been a major shareholder in the business. BetVictor headquarters in Gibraltar with tech hubs in London and Budapest.


Source: Latest News on European Gaming Media Network

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PAGCOR Press Statement on Quezon City’s insistence to impose casino entry fees

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PAGCOR Press Statement on Quezon City's insistence to impose casino entry feesReading Time: 2 minutes

 

As Quezon City Vice Mayor Joy Belmonte continues to insist on the imposition of entrance fees to Quezon City residents who wish to play in casinos and other gambling facility in the area, the Philippine Amusement and Gaming Corporation (PAGCOR) underscores several cases and provisions that cite the supremacy of national government over local government units.

First, in “Basco vs. PAGCOR (1991)”, wherein the City of Manila filed a case seeking to annul the PAGCOR charter, the court ruled that Presidential Decree (P.D.) 1869 waived the right of the city to impose taxes and fees. The court decision cited that the power of the local government to impose taxes and fees “is always subject to limitations which Congress may provide by law.”

It furthered that P.D. 1869 remains an operative law, until amended or repealed.

Another case, “City of Cagayan de Oro vs. Pryce and PAGCOR (1994)”, cited that ordinances should not contravene a statute that is obvious. It stated that “municipal governments are only agents of the national government; and local councils exercise only delegated legislative powers from Congress as the national law-making body.” Hence, local government units cannot be superior to Congress from which they derive their powers.

The third case, “Herbert Bautista vs. PAGCOR (2016)”, cited that under its Charter, PAGCOR and its agents are exempted from paying local taxes as P.D. 1869 Section 13 provides that “no tax of any kind or form, income or otherwise, as well as fees, charges or levies of whatever nature, whether national or local, shall be assessed and collected under this Franchise from the Corporation nor shall any form of tax or charge attach in any way to the earnings of the Corporation, except a franchise tax of five percent of the gross revenue or earnings derived by the Corporation from its operation under this franchise.”

The entry fees on the city residents who will enter the casino which the Quezon City local government is contemplating on imposing, takes the form of “tax” because of its nature to generate revenues.

However, if the purpose of the imposition of entry fees is to discourage citizens to frequent gaming facilities, such practice is an obvious exercise of police power, and in fact, an encroachment on the function of a national regulatory entity.

PAGCOR, having been granted by Congress with the power to regulate gambling, has the authority to determine the rules and regulations that may deem fit in the regulation of the gaming industry.

If PAGCOR does not find it necessary to impose entrance fees to its clients, then Quezon City’s local government cannot supersede this even if it claims that the imposition of entry fees is only applicable to their constituents.

Besides, if the local government of Quezon City believes that doing such is tantamount only to “safeguarding the welfare of their people”, why did it grant so many Letters of No Objection (LONOs) and Resolutions of No Objection (RONOs) to bingo and other electronic gaming sites in Quezon City?

As of February 28, 2019, there are 97 electronic gaming sites in Quezon City. Of this number, 63 are bingo sites and 34 are eGames gaming sites. This figure does not include the LONO and RONO granted by Quezon City government to Solaire Resort and Casino.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: PAGCOR Press Statement on Quezon City’s insistence to impose casino entry fees

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Blackstone to acquire Ukrainian gaming development company

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The Blackstone Group LP, a US-based investment and asset management company, is all set to acquire Murka Ltd and Murka Entertainment Ltd, an Unranian company that develops unique social and mobile games. The Blackstone Group has already informed Cypriot Commission for the Protection of Competition about the plan.

Murka, established in 2011, is known for its social-casino games like Slots Journey, Slots Journey 2, TX Poker, S & H Casino, Vegas Slots, Royal Fortune Slots, Bubbla Cadabra and Scatter Slots.

These games, where real money cannot be won, exist as mobile apps and on Facebook. Publisher of social casino games earns money via selling in-game content and/or advertising. According to various data, the global social casino market in 2018 brought publishers from $ 3.2 billion in total to $ 3.46 billion on mobile platforms.

Currently, over 100 people work in the Kiev, Dnipro and Lviv offices of Murka. The company has not commented the conditions of the upcoming transaction yet.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Blackstone to acquire Ukrainian gaming development company

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Philadelphia developer Bart Blatstein to re-open casino at Atlantic City site

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Philadelphia developer Bart Blatstein has announced his plans to re-open a casino at Atlantic City that was closed in 2014. Blatsetein owns the Showboat which has been functioning for three years as a non-gambling hotel.

When this happens, this will be the 10th casino at Atlantic City. In 2014, the City had 12 casinos. The competition from neighbouring states forced the closure of the four of them. The state Casino Control Commission has given Blatstein preliminary approval to apply for a casino license. He strongly believes in the potential for another casino.

“There are 104 casinos in Las Vegas in the middle of nowhere,” Blatstein said. “We have nine casinos well within a short trip from one-third of the nation’s population. The market is looking for something different.”

Blatstein said he has a casino concept in mind but would not reveal it. A report from the state Division of Gaming Enforcement says Blatstein plans to convert the property’s bus depot into a family entertainment centre and that he intends to offer a full range of slot machines, table games, sports betting, and internet gambling.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Philadelphia developer Bart Blatstein to re-open casino at Atlantic City site

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