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NetEnt signs online casino supplier agreement with Finland’s national gaming operator Veikkaus

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NetEnt signs online casino supplier agreement with Finland’s national gaming operator VeikkausReading Time: 2 minutes

 

NetEnt has entered into a license agreement with Finland’s state-owned gaming operator Veikkaus. NetEnt will supply a broad range of its popular digital games to Veikkaus’ online casino.

 

NetEnt has signed a customer agreement with Finnish state-owned Veikkaus, the largest and only licensed gambling operator in Finland both offline and online with a turnover of EUR 3,231 million in 2017. The company has more than two million customers and its gaming service www.veikkaus.fi is Finland’s largest online casino, attracting up to 700 000 players every week.

Following technical integrations, NetEnt’s award-winning games will be available in Veikkaus’ online casino.

Henrik Fagerlund, MD NetEnt Malta and Chief Product Officer of NetEnt, says: ”We are very proud to enter this collaboration with Finland’s largest gaming operator Veikkaus. The deal is an important milestone for our presence on the Finnish market and I am convinced that our thrilling games will be much appreciated by Veikkaus’ players.”

“We are delighted to partner with NetEnt, known for its iconic games and innovative gaming solutions. NetEnt’s games have been proven to perform well and are constantly asked by our loyal customers. We are excited to be able to offer them soon in our online casino.”, says Jan Hagelberg – Veikkaus Vice President, Casino Games.

The expected commercial launch of NetEnt’s online games with Veikkaus is in the first half of 2019. The agreement is for a period of four years and the total estimated revenue value for NetEnt over this period is in the range of EUR 5 – 9 million.

For additional information please contact:

Roland Glasfors, Investor Relations & Corporate Strategy, NetEnt
Phone +46 760 024 863
roland.glasfors@netent.com

 

Veikkaus Oy

Communications and PR

Phone: +3589 4370 7000

tomi.auremaa@veikkaus.fi

 

This information is information that NetEnt AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:30 CET on October 22nd, 2018.

 

 

About Veikkaus:

Veikkaus is a company owned entirely by the Finnish State and one of the ten biggest companies in the country in terms of turnover and profit. The company’s turnover amounted to EUR 3 231 million in 2017, of which ca. 42 percent came from the digital channels. Veikkaus’ games can be played in its online casino, at thousands of points of sale all over Finland, in numerous game arcades and Casino Helsinki. Veikkaus.fi is one of Finland’s largest consumer online stores with up to 700 000 weekly players. Veikkaus has more than two million registered loyal customers, which is ca. 45 percent of adult Finns. The entire profit from Veikkaus games, ca. EUR 1.2 billion a year, is used for the benefit of people living in Finland. Veikkaus has thousands of beneficiaries all over Finland and employs ca. 2 000 professionals of the gambling and digital industries.

About NetEnt:

NetEnt AB (publ) is a leading digital entertainment company, providing premium gaming solutions to the world’s most successful online casino operators. Visit http://www.games.netent.com to try our games. Since its inception in 1996, NetEnt has been a true pioneer in driving the market with thrilling games powered by a cutting-edge platform. NetEnt is committed to helping customers stay ahead of the competition, is listed on NASDAQ Stockholm (NET–B) and employs 1,000 people in Malta, Stockholm, Kiev, Krakow, Gothenburg, Gibraltar and New Jersey.

 


Source: Latest News on European Gaming Media Network

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Poland to fight against tax crimes

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Poland to fight against tax crimesReading Time: 1 minute

 

A law has been prepared by the Ministry of Justice, which allows effective counteracting organised crime, especially tax crime, illegal circulation of alcohol, cigarettes and electronics or illegal gambling. This is done by the amendment of the Penal Code prepared in the Ministry of Justice.

The new law aimed at criminals who are cheating on taxes, duties or excises.

Revenues from VAT to the state budget in 2017 increased by PLN 30 billion, which is by almost a quarter compared to the previous year. This is more than all year spending on the “Rodzina 500+” programme.

The next action is far-reaching changes in the Penal Fiscal Code. They are necessary because the obsolete law (the Penal Fiscal Code Act has not undergone a deeper amendment for 10 years) means that huge amounts instead of, for example, social purposes go to the pockets of criminals who cheat on taxes, duties or excises.


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: Poland to fight against tax crimes

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£5,000 cash up for grabs for predicting if Altior wins or loses at Ascot

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£5,000 cash up for grabs for predicting if Altior wins or loses at AscotReading Time: 2 minutes

 

Matchbook, the sponsors of Saturday’s Clarence House Chase at Ascot, are running a competition on Saturday that will give racegoers a chance to win a £5,000 cash prize by predicting whether Altior wins or loses in the Grade 1 contest.

In a competition designed to engage and educate punters about the benefits of betting with an exchange, punters will either chose to receive a blue lanyard (back bet) or a pink lanyard (lay) which will carry a unique number on.

If Altior wins, the “backers” are in for a chance to win; if Altior loses, the “layers” are in for a chance to win. Matchbook will then draw the lucky number and the correct number and correct colour wins the £5,000 cash prize.

The competition will take place on the ground floor of the main grandstand at Ascot racecourse.

Competition details:

  • Upon arrival, promo staff will hand out blue (Back Bets) and pink (Lay bets) Matchbook branded lanyards to racegoers inside the course gates
  • Lanyards will have a clear pocket which will contain a card. Each card will have a unique number (0001-1000 tbc) and details of how they can win a cash prize of £5000. Card will also have details on Matchbook and our social media handles
  • 18+ only
  • To enter, users will have to come to the Matchbook stand with their unique number, enter it, along with their email address on a dedicated screen before the Clarence House Chase(CHC)
  • The competition will be based on the favourite in the Clarence House Chase winning or losing. If the favourite wins, all the people who have registered with blue(back) lanyards are in the draw for the £5k. The pink (layers) will be out as the favourite won. And the opposite if the favourite doesn’t win
  • Matchbook staff will also have lanyards to give out to visitors at the Matchbook stand
  • Once the last race (16:05) is over, all eligible entrants will come to the Matchbook stand for the big draw.

 

Matchbook is a peer-to-peer betting exchange designed for smart bettors who want better value, deeper liquidity and exceptional customer service. We’re not the alternative, we’re the difference.

Matchbook is licensed and regulated by the Alderney Gambling Control Commission and the UK Gambling Commission.


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: £5,000 cash up for grabs for predicting if Altior wins or loses at Ascot

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Betconnect launches to enable punters to follow the bets of professional gamblers

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Betconnect launches to enable punters to follow the bets of professional gamblersReading Time: 2 minutes

 

World’s only social betting network that gives everyone access to live bets from professional gamblers who can’t place bets with traditional bookmakers

 

A new betting site launches out of Beta today, letting ordinary punters follow the bets of professionals.

Betconnect is the first notable disruptive technology platform in the industry since Betfair in 2000 and aims to level the playing field between bookmakers, professional gamblers and punters.

For many years, professional gamblers have found their accounts closed or restricted by bookmakers due to their success. In fact, new research published today shows that one in ten (9.8%) of British punters have at some point been restricted. Betconnect connects these people with a network of regular punters in a shared betting experience.

Pros can create and submit bets into the betconnect platform on all major sports and betting markets, using the very best real-time odds. The bets are then intelligently distributed to a network of punters who are prepared to match the bet in exchange for the tip received in the process.

 

Make betting a more informed punt

Many of the betconnect Pros have had their betting accounts restricted or closed by the bookies.

The Pros are held to account through the publication of their profit-and-loss statistics. Punters can therefore be assured of the quality of the ‘tips’ they’re receiving, which are called Bet Requests on the betconnect platform. Every Bet Request is financially backed by the Pro so they can be safe in the knowledge that their interests are aligned. If the Punter chooses to Follow the Bet Request and the Pro wins, they win too.

Underpinning the betconnect user experience is a technology platform and algorithm that has been engineered by a team of Silicon Valley inspired software engineers based in the UK. The platform leverages artificial intelligence and machine learning to provide a highly personalised and seamless experience for both punters and pros.

Mark Weaver, co-founder of betconnect said, “Business is booming for British bookmakers and we believe it’s time to tip things back in favour of punters. Betconnect is a place where regular punters can benefit from the expertise of Pros who’ve been restricted by bookmakers.”

Dan Schreiber, co-founder of betconnect said, “Millions enjoy betting as a hobby and now recreational punters can follow the bets of professional gamblers. The central idea is about sharing expertise in a way that everyone benefits. eToro has proved the concept and appetite of people to be guided by financial trading experts. We are applying the same concept to betting. Recreational punters are able to join betconnect, browse our directory of pros, and connect with the ones whose bets they are interested in following.”

 

About betconnect:

Betconnect is the world’s only social betting platform that gives you access to the bets of professional gamblers. We send you personalised bets – each called a Bet Request – direct from the Pros for you to Match. Many of our Pros have had their accounts restricted or closed so they can’t place bets with traditional bookmakers. Betconnect Ltd is licenced and regulated by the U.K. Gambling Commission (Number: 000-044346-R-323354-001) for customers in Great Britain.

 


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: Betconnect launches to enable punters to follow the bets of professional gamblers

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