Rok chief takes on new job

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Tags: NULL whatsapp whatsapp Rok chief takes on new job Show Comments ▼ KCS-content center_img Garvis Snook, the ex-chief executive of failed housing repair firm Rok, has taken a chairmanship at new Exeter-based firm Repair-Rite (UK), documents filed at Companies House show. Snook took up the new role at the end of March, a month after Repair-Rite was incorporated and just over four months after Rok called in PwC as administrator. Monday 11 April 2011 8:02 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads Share last_img read more

Svenska Spel down just weeks ahead of Swedish licence launch

first_img20th July 2018 | By contenteditor Regions: Europe Nordics Sweden Svenska Spel down just weeks ahead of Swedish licence launch Topics: Finance Sports betting Swedish gaming monopoly Svenska Spel did little to quell concerns about its future after announcing a dip in revenue and operating profit just months ahead of the market’s liberalisation.The company saw gaming revenues fall by 4% to SEK2bn (€190m/$220m) in the three months to June 30, with operating profit down around 11% to SEK975m.On a brighter note, the company’s digital division saw revenue increase by around 20% year-on-year to SEK621m, and reaching almost a third of overall revenue. Mobile wagering was up around 42% compared to the same period last year.However, while Svenska Spel said it experienced “turnover beyond expectations in connection with the World Cup” the fact is that it was down on the same period last year despite Q2 including the first two weeks of Russia 2018 when Sweden were on their way to topping a group that featured Germany, Mexico and South Korea. In contrast, fellow Swedish company Betsson this week revealed that its revenue was up 12% to SEK2.56bn in the six months to June 30.Lennart Käll (pictured), Svenska Spel’s outgoing president and CEO suggested the figures were in part due to “more and more [people] voluntarily turning off or taking a break from gaming”.He added: “We are still strong as the entire Swedish people’s gaming company and meet customer demand for gaming experience with an expanded range and product development.“Customers continue to give us high ratings in our satisfied customer index, and with broad margins we have the highest image value of the gaming companies. We look forward to the new gaming market.”Svenska Spel’s optimism about its future was expressed just last week after it signed a deal to incorporate Evolution Gaming’s Live Casino content from January. Svenska Spel told iGamingBusiness.com that it is “positive” about the opportunities it anticipates in what it describes as the “fierce competition” of the re-regulated market.The upcoming re-regulation of the Swedish iGaming market has led to a flurry of activity from international operators exploring the opportunity to secure a listing on the Stockholm Stock Exchange, Adam Kostyal, senior vice-president at Nasdaq, which operates the market, this week told iGamingBusiness.com.As reported last week by iGamingBusiness.com, Sweden’s gaming regulator has urged operators to apply as early as possible when the licensing window opens on August 1 ahead of the market opening up in January 2019. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Finance Email Address Subscribe to the iGaming newsletter Swedish gaming monopoly sees fall in revenues and earnings in first half of 2018last_img read more

Ludeña to lead sports betting push at Novomatic

first_img Expansion efforts to focus on Europe and North America Novomatic has appointed Felipe Ludeña to lead its plans for sports betting expansion in European and North American markets. Ludeña joins the firm from Codere Group, where he had led the sports betting provider’s Spanish Online Business Unit since 2011. In his new role, he will work with the senior management team at Novomatic to identify and pursue expansion opportunities around the world. He will have a particular focus on building the company’s presence within the European market, as well as the growing legalised sports betting sector in the US.Novomatic has traditionally focused on Germany, Austria and Eastern Europe and never before operated sports betting services in the US. Speaking to iGamingBusiness.com about his new role, Ludeña said: “Novomatic has already a strong position especially in the European market, but I think we can improve our position in the market leveraging our scale, international operations and technology.“We are pursuing an international expansion strategy. On the one hand, we will focus on our strongholds in Europe. And on the other hand, there will be activities in this business segment for the first time in the US.”Chief executive Harald Neumann also backed Ludeña to take the firm into the US.Neumann said: “To do this, we need experts with excellent management skills. With Felipe Ludeña, we are looking to play a major role in shaping the sports betting market.”The new appointment comes on the back of a successful first half for Novomatic, during which sales reached a record €1.37bn (£1.21bn/$1.58bn). This lead to an 11.6% increase in earnings before interest and deductions to €318m. Ludeña to lead sports betting push at Novomatic 3rd October 2018 | By contenteditor Subscribe to the iGaming newsletter Regions: Europe UScenter_img People Topics: People Sports betting Strategy Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Susan Ball steps down as Playtech director

first_img Tags: Online Gambling Casino & games Subscribe to the iGaming newsletter iGaming solutions giant Playtech has confirmed that Susan Ball is to step down from her role as a non-executive director. Ball only joined the board in August of last year, but will depart Playtech at the end of the month. iGaming solutions giant Playtech has confirmed that Susan Ball is to step down from her role as a non-executive director.Ball only joined the board in August of last year, but will depart Playtech at the end of the month in order to pursue new opportunities.In addition to serving as a non-executive director, Ball has chaired the Audit Committee at Playtech and has sat on its Risk & Compliance Committee, Remuneration Committee and Nominations Committee.“On behalf of everyone at the company I would like to thank Susan for her valuable contribution to the board; we wish her every success in her future roles,” Playtech chairman, Alan Jackson, said.Prior to taking on the role at Playtech, Ball was a non-executive director and chair of the Audit Committee at Kambi Group between 2014 and 2018.Earlier in her career, Ball also had a spell as chief financial officer of Unibet. 11th July 2019 | By contenteditorcenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games People Strategy Susan Ball steps down as Playtech director Email Addresslast_img read more

IGT enters Arkansas sports betting market

first_img Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Sports betting IGT enters Arkansas sports betting market International Game Technology (IGT) has extended its US sports wagering footprint into Arkansas by rolling out its IGT PlaySports technology at the Saracen Casino Annex in Pine Bluff. 3rd October 2019 | By contenteditorcenter_img International Game Technology (IGT) has extended its US sports wagering footprint into Arkansas by rolling out its IGT PlaySports technology at the Saracen Casino Annex in Pine Bluff.The Quapaw Nation-operated tribal facility is now using the PlaySports platform and PlaySports kiosks to process retail sports wagers.IGT is also contracted to provide sports betting technology at the Saracen Casino Resort, which is being built adjacent to the Saracen Casino Annex and is due to open in 2020.“The market-readiness of the IGT PlaySports solution and the experience of our team enabled IGT to make sports betting a reality at the Saracen Casino Annex on an accelerated timeline,” IGT PlayDigital senior vice president Enrico Drago said.Read the full story on iGB North America.Image: ErgoSum88 Sports betting Regions: US Arkansas Email Addresslast_img read more

Michigan betting and gaming bills passed by Senate

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Michigan betting and gaming bills passed by Senate 12th December 2019 | By contenteditor A year of negotiations look set to conclude with bills to legalise online gaming and sports betting passing into law in Michigan, after the Senate passed Representative Brandt Iden’s proposals by significant margins.  Tags: Mobile Online Gambling Subscribe to the iGaming newsletter Topics: Casino & games Legal & compliance Sports betting Email Address Regions: US Michigan A year of negotiations look set to conclude with bills to legalise online gaming and sports betting passing into law in Michigan, after the Senate passed Representative Brandt Iden’s proposals by significant margins.The bill to regulate sports betting, House Bill 4916, was passed by the Senate with 35 lawmakers voting for the bill, and just three against. The online gaming bill, HB4311, passed by the same margin. This followed each bill being approved by the chamber’s Committee of the Whole, having been ratified by the Regulatory Reform Committee, following significant changes. This saw the tax rate for HB4916 lowered to 8.4% of gross revenue, from the original 8.75%. The state’s three land-based casinos and tribal venues will be permitted to offer retail wagering, as well as operating one online platform, paying $50,000 application, and $100,000 license fee. However it was HB4311 that saw the most sweeping changes, due to Governor Gretchen Whitmer’s concerns over online lottery revenue being cannibalized by new forms of igaming. As a result the tax rate has increased significantly, rising to a minimum of 20%, for operators generating revenue of $4m or less, and to 28% for those that bring in more than $12m. Read the full story on iGB North America.last_img read more

Catena expects further casino growth despite Covid-19 impact

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Catena Media has reported a 5.7% year-on-year increase in revenue for the two months to 29 February, with the affiliate marketing giant saying that it anticipates further growth amid the novel coronavirus (Covid-19) pandemic.In a trading update, Catena revealed that revenue for January and February amounted to €18.0m (£16.4m/$19.5m), with casino revenue accounting for 59% of the total figure, sports 35% and financial services 5%.Earnings before interest, tax, depreciation and amortisation (EBITDA) for the two-month period increased 16.6% year-on-year to €8.6m with a higher margin of 47.9%, compared to 43.4% in 2019.Catena also noted that adjusted EBITDA, excluding non-recurring costs, was up 19.9% to €8.9m, with an increased margin of 49.2%.The affiliate business did not make any major investments during the period and, by the end of February, it had cash and cash equivalents of €19.2m and a net interest-bearing debt position of €162.5m.In terms of both its current performance and the future of the business, given the ongoing situation regarding coronavirus, Catena said it expects to see continued positive development in its casino segment and does not foresee any negative impact on revenues during the second quarter.Catena said that its casino segment has continued to perform well in March, with traffic higher than average traffic in January and February 2020, when this area of the business was its primary source of revenue.However, while Catena did note that the suspension of many sports leagues and the postponement of major events is likely to impact sports revenue, it is working with key operators to promote sports events that are still running.To mitigate the shortfall in sports revenue, Catena said it will focus on growing its casino business by converting traffic from a number of sports-related sites into casino revenue and holding back on low-margin media spend.In addition, Catena noted that it has experienced a positive traffic trend within its financial services segment. “We believe the Covid-19 outbreak will have no foreseeable negative long-term effects on the business and currently postponed events may contribute with a positive effect in the future when they are rescheduled,” Catena said.Chief executive Per Hellberg added: “The world is facing an unusual and challenging situation due to Covid-19. Catena Media’s largest business segment, casino, represented 73% of EBITDA during January and February, is performing well and shows a positive development under the current circumstances.“Several sport events have been cancelled or postponed, and it is uncertain for how long this will last, but we are holding back on costs and finding alternative revenue streams for the sport segment.“Provided that the sports events start up after the summer break, our target remains unchanged, to reach double-digit profitable growth in 2020.”Catena, which plans to publish its full results for the first quarter on 20 May, last month reported a full-year loss of €10.5m for 2019, primarily due to impairment charges related to assets acquired between 2016 and 2018, while all of its core business units struggled in the period.Revenue for the 12-month period through to 31 December 2019 amounted to €102.8m, down 2.1% from €105.0m in the previous year. Catena noted a 1.8% year-on-year fall in search revenue from €89.9m to €88.3m, while paid revenue also dropped 15.0% to €11.9m and subscription revenue 57.7% to €2.6m. Email Address Casino & games 25th March 2020 | By contenteditor Topics: Casino & games Finance Marketing & affiliates Sports betting Catena Media has reported a 5.7% year-on-year increase in revenue for the two months to 29 February, with the affiliate marketing giant saying that it anticipates further growth amid the novel coronavirus (Covid-19) pandemic. Catena expects further casino growth despite Covid-19 impactlast_img read more

Bridging the digital lottery divide

first_img Topics: Lottery Strategy Lottery Sazka CEO Robert Chvatal talks to Joanne Christie about the company’s strategy of pushing online sales to overcome the worst effects of novel coronavirus.Although complete lottery shutdowns due to novel coronavirus (Covid-19) have been few and far between in Europe, the heavy reliance on the retail channel in the vertical means lockdowns have still had a significant impact on sales.However, the detailed update on the impact of Covid-19 provided by Sazka alongside its annual results for 2019 last week highlights a persisting north-south divide in Europe.“In our group we clearly saw a big difference between the north and south,” says chief executive Robert Chvatal (pictured). “If you look at the Czech market or the Austrian market, the lotteries were hit in a very limited fashion. There was a dip for about two or three weeks where people were a bit sensitive about buying scratchcards in retail.“But the Czech business is still basically pretty much delivering what it was delivering last year, which I think is a phenomenal achievement.”At one point only 70% of Sazka’s Czech retail network was selling products and it’s likely many players stayed away even when they could access retail outlets. Yet Czech GGR year to date remains in line with the company’s budget. In fact, in April the company says it is slightly above expectations, with a strong online performance making up for any retail losses.And while last year 11% of Czech national lottery Sportka play was online, this has risen to more than 20% this year, says Chvatal. In Eurojackpot, the figure has risen to 30% this year, up from 20% during the same period last year.“We track a KPI which is newly registered [customers] and these numbers since March have doubled,” he adds. “And more interestingly, we clearly see an older audience becoming now an online customer, [these are], of course, regularly retail customers.”The reluctance of older demographics to play lottery online has long been recognised as a difficult hurdle to overcome in many countries, and the Czech Republic is no exception. To get around this, Sazka took a number of steps aimed at older audiences during the crisis, such as producing online tutorials on how to create an account and how to deposit money.Southern struggles
 Similar to the Czech Republic, in Austria Sazka reports a limited impact from Covid-19 on Austrian Lotteries, the subsidiary of Casinos Austria in which it will soon own the majority share. The lottery arm reported a double-digit increase in online sales compared with previous weeks during the lockdown period.However, heading south it has proven much more difficult to simply move players from one platform to another, says Chvatal.Italy was, of course, affected to a greater degree than other countries due to the suspension of sales of Sazka partner LottoItalia’s draw-based games from March 31. However, with play now resumed, Chvatal predicts sales will “come back with a vengeance”.Greece also suffered from lengthy and widespread shutdowns to its retail networks. But these were exacerbated by the fact online is yet to contribute significantly to OPAP’s revenues.“The south was more severely hit because they do have yet developed a strong online presence where hundreds of thousands of people are registered. That is not the case in Greece and it is not the case in Italy,” says Chvatal.He believes this is largely due to cultural differences. “This north-south divide has been very well-known for decades, and is also in other industries.“It is a social treat for people in the south to go out and to basically spend some time with their friends and watch a game of football or the Greek league together in an OPAP store and also to play Keno in the store.“So it is a more social game than in Austria or Czech Republic, where it is more transactional. There people come to buy their ticket and a scratchcard and in 30 seconds off they go.”Despite this, Chvatal believes the pandemic will change things, even in Mediterranean countries. “In Greece the whole situation simply accelerated the big push to take online very seriously.”OPAP, of which Sazka owns 41.7%, has recently launched online casino and also added a third weekly draw to its Joker lottery game. In the latter, Chvatal says OPAP has more than tripled the number of people playing.Looking long term
 On the topic of whether those players who moved online during lockdowns will continue to play online, Chvatal is optimistic. “I would almost be certain that all the people who registered who had good experiences – and we made sure they had good experiences – they won’t just deregister. “The question is will they go back to their old habits and buy a paper ticket on the street corner where they live or will they keep playing online? My guess is that more often than not they will stay online. Maybe they will become an omnichannel player.”He says the company will continue to pursue its digital ambitions across all five of its markets. “The lottery business is about two things: a) it has to be brand-centred and not product obsessed; and b) its business model should be and can brutally digitalised. And this is what we are pursuing and pushing forward.”It also has its eye on further geographical expansion, with a much-talked about bid for the UK’s National Lottery on the cards.“For us we still very much believe that we would be well suited to challenge Camelot and we have experience from the other lottery markets. We are an operator of lotteries, we are not a technology supplier to lotteries.“We have looked at the UK market and how the National Lottery is presented – what sort of strengths it has, its weaknesses, what sort of mistakes have happened in the past and there  clearly were some mistakes – and so we take it very seriously.”However, its position in relation to the bid has also been impacted by Covid-19, admits Chvatal. “We haven’t formally applied to an invitation to apply because it has not been published yet. It is impossible to travel to the UK right now. It is impossible to engage with the key stakeholders, so it is extremely difficult for anybody outside the UK to really seriously continue working on it.“Despite the fact that we take it very seriously, we are deprived of a level playing field if it continues. I think we have to see whether this corona crisis will have some impact on the timelines of the fourth UK National Lottery tender.”Whether the UK bid comes off or not, Chvatal is clear lottery remains the key plank in the company’s expansion plans. “We still believe that we are a lottery company in the first place. The whole philosophy behind our international expansion was driven by the fact that we were trying to identify lotteries which may have been in the past undermanaged.”While it has ventured into other verticals, both via its own Sazka brand and its past acquisitions, Chvatal is clear this does not signify a large-scale shift in the business model. “The fact that we have other lines of business makes it interesting, but it doesn’t change the fact that 80% of EBIT is generated by lotteries.”Indeed, he says this is one factor that has somewhat insulated it from the worst effects of the pandemic.“Because we are predominantly a lottery company, I believe we will be less impacted than, for example, the sports betting world where the content simply disappeared. Our content didn’t disappear, our content is still valid and alive and kicking as ever before. You offer for a very small amount of money the possibility of a dream of hitting the luck.” Email Address Subscribe to the iGaming newsletter Regions: Europe Central and Eastern Europe Southern Europe Western Europe Czech Republic Greece Italy Austria Tags: Mobile Online Gambling Bridging the digital lottery divide AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sazka CEO Robert Chvatal talks to Joanne Christie about the company’s strategy of pushing online sales to overcome the worst effects of novel coronavirus. 4th May 2020 | By contenteditorlast_img read more

Spiffbet set to acquire Goliath Casino operator

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Spiffbet set to acquire Goliath Casino operator Email Address 3rd August 2020 | By contenteditor Strategy Nasdaq First North-listed igaming supplier Spiffbet has agreed a deal to acquire Goliath Holding, the parent company of online casino brand Goliath Casino.Under the agreement, which remains subject to approval, Goliath will become a wholly owned subsidiary of SpiffbetSpiffbet will offer Goliath shareholders the opportunity to exchange their shares for newly issued shares in Spiffbet. Up to 6,632,331 Spiffbet shares will be issued at a price of SEK0.401 each, corresponding to a value of approximately SEK2.6m (£227,229/€252,518/$296,160) and representing 3.8% of all Spiffbet shares.In addition, Spiffbet plans to carry out a private placement to a group of selected investors, including some shareholders in Goliath, in order to partially finance the acquisition. This will see SEK856,073 worth of shares made available.Goliath’s board of directors has recommended that the deal go through, but the acquisition also requires the approval of 90.0% of Goliath shareholders. Some 84.2% of the operator’s shareholders have already indicated they will support the deal.Spiffbet envisages securing approval to complete the deal before the end of the month, with Goliath expected to make a positive profit contribution to the supplier during the second half.“The acquisition of Goliath strengthens our position in the online casino and is an important part of our acquisition plan,” Spiffbet chief executive Henrik Svensson said. “Through Goliath, Spiffbet gets access to a new brand that is internationally viable and that we can develop and expand into new markets.”Svensson added that the new acquisition will complement its merger with Metal Casino, details of which were made public in March this year.“Furthermore, the coordination benefits with Metal Casino are clear,” Svensson said. “Goliath fits in well with our business and complements our market presence with a different profile and partly other markets.”Goliath, which mainly targets higher spending players, has so far had 25,000 depositing customers, with some SEK37.0m deposited by users in 2019. Net gaming revenue amounted to SEK15.0m last year.Goliath chairman Claes Wenthzel added: “Through the acquisition, Goliath gets a fresh start and can, through Spiffbet, continue to develop and be part of a larger group of companies where other brands are included.“Spiffbet has strong support from its owners to be the locomotive in the consolidation that is taking place in the gaming industry and I look forward to being a part of this journey.”center_img Subscribe to the iGaming newsletter Nasdaq First North-listed igaming supplier Spiffbet has agreed a deal to acquire Goliath Holding, the parent company of online casino brand Goliath Casino. Tags: Online Gambling Topics: Strategylast_img read more

Darts players group signs up with Gamstop

first_img4th November 2020 | By Richard Mulligan AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: UK & Ireland Responsible gambling The professional body for elite darts players has announced a partnership with Gamstop to raise awareness of the tools available to those wishing to self-exclude from online gambling. The partnership will see the Professional Darts Players Association (PDPA) look to raise awareness of the self-exclusion tool among its members through practical workshops and internal communications. Both organisations will also key figures and information across social media channels to reach players and the general public. Topics: Social responsibility Responsible gambling PDPA chairman Peter Manley said: “The PDPA is committed to the wellbeing of our players and we recognise the importance of prevention, education and treatment of gambling problems, including addiction. Darts players group signs up with Gamstop Gamstop is a free service that has enabled more than 160,000 people to exclude themselves from online gambling websites. Since 31 March 2020, registration with Gamstop has been a condition of holding a Gambling Commission license for all British online operators. Subscribe to the iGaming newsletter Email Address “Both organisations share a commitment to protecting and educating those who need help, and we look forward to this partnership ensuring we can reach more people.” The partnership broadens darts’ partnership with Gamstop, which has already linked up with the Professional Players Federation (PPF), the body that represents thousands of elite athletes in the UK. Tags: Gamstop Professional Darts Players Association Those who register with Gamstop can choose to exclude themselves from every gambling site for a minimum period of six months, one year or five years. Fiona Palmer, chief executive of Gamstop, said: “We at Gamstop are already impressed with the work the PDPA is doing in training, and so we’re thrilled that Gamstop can now be added to their offering as a practical tool. “Our partnership with Gamstop enables us to raise awareness to our members of a practical tool that helps many people protect themselves from the dangers of online gambling.” The collaboration builds on the PDPA’s existing gambling education and preventative measures, which include PDPA-funded gambling education and treatment for gambling addiction provided by Sporting Chance.last_img read more