Connect with us

Latest News

Kentucky in line to legalise sports betting

Published

on

Kentucky in line to legalise sports bettingReading Time: 1 minute

 

Kentucky, known among gamblers as the home of the Kentucky Derby horse race, is gearing up to legalise sports betting in 2019.

Republican Damon Thayer, a prominent member of Kentucky’s Senate has recently said that legislation regarding legalised sports betting is being prepared. The draft proposals are likely to be discussed in the 30-day legislative session that begins on 8 January 2019.

Thayer said that the revenue generated by sports betting will not match the revenue from slot-machine gaming, but he also believes that sports betting revenue will compete with revenue generated by casinos.

“I think we can put together a group of Democrats and Republicans to pass this bill,” Thayer said, according to Blood Horse. “I don’t want us to be one of the last states to pass sports wagering. I want us to be one of the first 10 states to pass sports wagering, and I want it to support the horse industry.”

The push for legalisation is a direct result of the U.S. Supreme Court’s ruling in May which struck down a two-decades-old law that prohibited states from legalising sports betting. The high court ruled 7-2 that the U.S. federal government cannot tell states that they could not legalise the practice.

So far, New Jersey, Delaware and Mississippi are the only states outside of Nevada to launch fully legal sports betting since the court’s ruling, and gaming companies with an eye towards the future already have begun their push into what could be a potential $500 billion market, according to the American Gaming Association.

Meanwhile, another four states – New York, Pennsylvania, West Virginia and Rhode Island – have passed bills that have not been implemented, and another 14 states have introduced bills that have not yet passed, according to ESPN.

 

Source: thestreet.com


Source: Latest News on European Gaming Media Network

Latest News

NSoft brings iGaming Future to february London event

Published

on

NSoft brings iGaming Future to february London eventReading Time: 1 minute

 

The sports betting technology provider NSoft will be showcasing its comprehensive suite of products including a full Sportsbook platform, Virtual games and the latest innovations in AI solutions at ICE London 2019.

NSoft’s Self-Managed Pre Match application is fully integrated into Seven Platform and gives the betting operators full autonomy of sports events creation, odds management and risk management. Except for already supported option of importing Betradar Unified Odds Feed, the customer has the ability to manually create any sport, tournament, market and event, as well as to resolve the markets.

The upcoming ICE London 2019 is the only B2B gaming event that truly brings together the international online and offline gaming sectors. During this event, held from February 5 to February 7, 2019, NSoft’s focus shall be on promotion of new products and comprehensive business solutions.

NSoft team is performing the latest product polishing before presenting it to the industry’s leading stakeholders. This year we shall be hosting you on our stand with impressive design and demo zones.

Don’t miss out on the chance to find out more about NSoft’s products. Please meet us at Stand S1-260. Book a meeting with our team or contact sales@nsoft.com.

 


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: NSoft brings iGaming Future to february London event

Continue Reading

Latest News

PointsBet enters the legal New Jersey betting market

Published

on

PointsBet into the legal New Jersey betting marketReading Time: 1 minute

 

PointsBet has launched its online sports betting platform in New Jersey, had become the ninth operator to enter the legal New Jersey sports betting market. PointsBetting is essentially a high-risk form of spread-betting that rewards players with more money.

The company explained how PointsBetting works: “If a user bets $10 on the over, and the total ends 10 points over, that nets users $100. Stop-loss settings are able to be set by a bettor if they wish to limit their win and loss position. Users will still be able to make fixed odds wagers, which give a simple win-or-lose scenario.”

New Jersey residents can access PointsBet in web browsers via PointsBet.com or by downloading the PointsBet mobile app for Android or iOS.

Johnny Aitken, PointsBet US CEO said: “We’re extremely excited to bring PointsBet’s premium and game-changing sportsbook and signature betting options to the US.

“By offering some of the world’s sharpest betting offers and prices, we have the back of all sports bettors, no matter how sophisticated they are, and we’re serious about offering a one-of-a-kind VIP betting experience.”

PointsBet is also partnered with Tioga Downs Casino in New York and will launch sports betting operations in New York if the state moves to legalise sports betting.

 


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: PointsBet enters the legal New Jersey betting market

Continue Reading

Latest News

FDJ aims digital transformation to fuel its development

Published

on

FDJ aims digital transformation to fuel its developmentReading Time: 2 minutes

 

FDJ Group announced €15.8 bn in player stakes in 2018. FDJ distributed €10.7 bn to players, a return rate of nearly 68%, an increase close to 1 point over 2017.

Stéphane Pallez, Chairman and Chief Executive Officer of FDJ Group said “The continued growth in player stakes reflects the good execution of our FDJ 2020 strategy around areas such as innovation and digital, enhancing the appeal of our games and distribution channels. 2018 has been characterised by numerous successes, notably Mission Patrimoine games, illustrating FDJ’s redistribution model. These results underpin our ambition to anticipate changes in the gaming and entertainment sector to increase the Group’s leadership with richer and innovative gaming experiences”.

 The FDJ 2020 strategic plan aims at accelerating the Group’s digital transformation to fuel its development. In 2018, the group got benefited from increase in digitalisation of all games. This success confirms our strategic goal of reaching 20% by 2020. This digital growth was driven by online gaming as well as electronic player stakes at points of sale.

ParionsSport sports betting posted strong gains in player stakes. FDJ is one of the Top 10 sports betting operators worldwide. Player stakes recorded during the World cup reached €333 m, an increase of +75% over the 2014 event, mostly attributable to the French team’s performance. The overall trend remained strong, with +8% growth in non-World Cup player stakes.

ParionsSport also signed major four-year partnerships with four leading French football clubs (Olympique de Marseille, Olympique Lyonnais, AS Monaco, and FC Nantes), and launched the “Parions Club” challenge with each of them, giving the top punters in each club a VIP treatment in stadiums or at points of sale, in addition to their winnings.

Player stakes in lottery, instant lottery and draw-based games, grew 1.1% to €12,770 m. Player stakes on instant lottery games (scratch-card games in point of sale and digital) continued to grow, +3.2% to €7694 m.

Digitalisation drives growth in all lottery games, whether instant lottery or draw-based games. On-line lottery games were up +12% thanks to the steady increase in new players, with close to 1.9 million players at the end of 2018, and very frequent marketing events in the online gaming portfolio, with a launch, a relaunch, or a modification every week.

In 2018, FDJ stopped charging rent for point of sale equipment and started paying commission on promotional and free coupons. This year, a new commission structure has been introduced, with different rates across the various product lines and price ranges. In this context, net commissions earned by FDJ retailers were €785 m in 2018, up 5.7% on 2017.

After internalising its sales force and setting up its own logistics, FDJ has completed its business transformation and has direct control of its network.

The Group has continued to make substantial investments in points of sale, specifically in technology and equipment.


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: FDJ aims digital transformation to fuel its development

Continue Reading
Advertisement
NSoft

Industry News

  • Live Event/Conference
  • Press Releases
  • Latest News
  • Gambling in the USA
  • European Commission

  Prague Gaming Summit is the must attend conference of March and we are honored to announce the sup [...]

  Leading industry expert responsible for designing the national gambling policy in Lithuania throug [...]

  Without any doubt, 2019 is the year which will have many discussion that involves the use of AI in [...]

  There are only two weeks to register at the Early Bird Rate for MARE BALTICUM – The Baltic and Sca [...]

  We are honored to announce the support of SBTech as Lanyards Sponsor at the 3rd edition of Prague [...]

  The Massachusetts Council on Compulsive Gambling (Mass. Council) strongly urges Governor Charlie B [...]

  Innovative studio adds scratch card portfolio via Relax Gaming’s Powered By program   Relax Gaming [...]

  Retention specialists to showcase its (Re)activation Cloud at stand N9-252   Enteractive will be e [...]

  Red Sox Legend Gets a New Designation with the Northeast’s Premier Resort Destination   Foxwoods R [...]

  Playson is renowned for its ample array of jester-themed slots. With more games starring harlequin [...]

  PointsBet has launched its online sports betting platform in New Jersey, had become the ninth oper [...]

  Portuguese casinos reported an improved performance (3.1%) with more than €318 million in revenue [...]

  In Ukraine, gambling is still mostly illegal. Earlier, the government promised to lift the ban unt [...]

  Aspire Global is now fully compliant with online gambling laws in Sweden. Earlier, they have been [...]

  NMPi announces partnership with Hero Gaming to optimise paid search advertising campaigns for Casi [...]

  Red Sox Legend Gets a New Designation with the Northeast’s Premier Resort Destination   Foxwoods R [...]

  Last week, the U.S. Department of Justice released a memorandum reconsidering a 2011 opinion on th [...]

  As the tenure of Bill Miller begins at the AGA, BMM Testlabs is pleased to announce the launch of [...]

  Caesars Entertainment signed on as the official casino for the National Football League (NFL). But [...]

  Delaware shows another strong performance on legalised sports betting in December. An increase in [...]

  Today, the new measures to counter money laundering by criminal law enter into force across the EU [...]

Brussels, 19 June 2018 – Digital Single Market: EU negotiators reach a political agreement on free f [...]

LONDON, June 18, 2018 — Codewise, the industry’s first provider of AI-powered online ad measurement [...]

Brussels, 6 June 2018 – The European Parliament and the Council reached late last night a political [...]

Tre

%d bloggers like this: