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Global online gaming and betting market increasing

(PRESS RELEASE) — According to a new market research report published by Transparency Market Research titled “Online Gambling & Betting Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global online gambling & betting market is expected to reach a value of US$ 128.2 Bn by 2026, expanding at a CAGR of 11.8% from 2018 to 2026. Europe held the leading share of the online gambling & betting market in 2017.

Online gambling and betting refers to operators providing gambling and betting games, such as, casino, poker, sports betting, lottery, and other games to end-users through an Internet-based digital platform. This allows users to witness and engage in gambling and betting activities in real-time through their Internet-enabled electronic devices. Rise in penetration of Internet-based devices, trust on wagering through online mode of payment, and relaxation of laws have boosted the online gambling & betting market across the globe. Based on device type, the mobile segment is anticipated to expand at a significant CAGR of around 16 % during the forecast period.

Factors, such as, increase in prevalence gambling, disposable income of consumers, trust in a wagering through electronic payment mode of online gambling & betting, and growth in penetration of the Internet, along with adoption of Internet-based devices, are driving the growth of the online gambling & betting market. However, stringent regulatory laws for online gambling, insufficient facility for internet operations, and threat of cyber-attack are the major challenges faced by the online gambling & betting market. Furthermore, the online gambling & betting market faces threats from regulatory bodies implementing stringent laws and regulations in terms of social-political aspects and the availability of option to wager in traditional or offline gambling & betting. Nevertheless, integration of live streaming with online gambling and development of online gambling & betting sites with advanced technology as per requirement of end-users are likely to create new opportunities in the market.

The global online gambling & betting market report offers detailed segmentation based on gaming type, device type, and region. According to the report, based on gaming type, the sports betting segment is anticipated to expand at a significant CAGR of about 14 % during the forecast period. Casino was the second leading segment of the online gambling & betting market in terms of value in 2017. In terms of value, the sports betting and casino segments are projected to expand at a CAGR of about 14 % and 12 %, respectively, during the forecast period. The mobile segment is anticipated to expand at a CAGR of around 16% from 2018 to 2026. The desktop segment is expected to remain at a competitive growth rate with a CAGR of around 6 % during the forecast period.

Europe led the online gambling & betting market in 2017. The online gambling & betting market in Asia Pacific is anticipated to expand at a significant CAGR of around 14 % during the forecast period. Primary drivers of the online gambling & betting market in Asia Pacific are relaxation of laws, growth in participation of wagers through Internet, and availability of foreign gambling & betting sites with attractive offers. Additionally, increase in penetration of Internet-based devices and trust in using online gambling & betting sites are stimulating the market. Europe is expected to witness a significant growth during the forecast period. The online gambling & betting market in North America is anticipated to expand at a CAGR of about 12 % from 2018 to 2026.

Leading players operating in the online gambling & betting market include 888 Holdings plc, The Stars Group, Paddy Power Betfair plc. Fortuna Entertainment Group, GVC Holdings Plc., and Kindred Group, as profiled in this report.

The global online gambling & betting market has been segmented as below:

By Gaming Type

Poker
Casino
Social Gaming
Lottery
Bingo
Sports Betting
Fantasy Sports

By Device Type

Desktop
Mobile
Tab

By Geography

North America
Europe
Asia Pacific
Middle East & Africa

Source: Online.CasinoCity.com

1×2 Network signs up to First Look Games

(PRESS RELEASE) — 1X2 Network has become the first game developer to sign up to First Look Games, the new and innovative platform that provides a direct link between game developers and online casino affiliates.

First Look Games launched at last week’s iGB Live! and 1X2 Network and its 1x2gaming and Iron Dog Studio subsidiaries have become the first to put pen to paper in a deal to use the platform in order to share information about its games with publishers.

1X2 Network has already begun loading information for its entire slots portfolio to the First Look Games platform and Game Library, including game information sheets and marketing assets such as images and videos that affiliates can then download and use.

The developer will also be taking advantage of First Look Games Premium for its big Halloween release, The Curious Cabinet. The Premium service allows slots studios to upload game information and assets two weeks prior to launch which can then be accessed by a select number of qualifying affiliates.

This allows these affiliates to create content for their websites and have search engines index reviews before publicising the page immediately when the game officially lands in operator portfolios.

1X2 Network will also gain access to First Look Games’ Compliance Scanning Service, powered by Rightlander. This allows them to monitor the activity of affiliates to ensure reviewed content is compliant. It also notifies them of sites advertising their content that they are unaware of.

Tom Galanis, Founder of First Look Games, said, “We are delighted to have signed our first game studio partner just days after launching at iGB Live!.”

“Iron Dog Studio is one of the hottest suppliers in the market right now, and we are thrilled to be working with both 1X2 Networks studios to share accurate and compliant information about their games with online casino affiliates.”

Kevin Reid, Chief Operating Officer of 1X2 Network, said, “First Look Games is what developers like us have been crying out for, as gaining direct access to online casino affiliates the way you can via the First Look Games platform offers tremendous upsides for us.”

“It means we can easily share game information with publishers that serve as the first point of contact for our content with an end user, while also ensuring the content the affiliate partners create for our games is 100% compliant.”

Source: GamingMeets.com

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Playtech appoints Non-Executive Director

(PRESS RELEASE) — Playtech plc is pleased to announce that Susan Ball will join the company’s board as a Non-Executive Director, from 1 August 2018.

Susan is a Chartered Accountant with over 35 years’ senior finance and board level experience in the gambling, leisure and consumer industries, with a focus in the last 15 years on online, high-growth businesses, data analytics and digital strategies. Susan’s previous gambling sector experience includes being a Non-Executive Director at sports betting company, Kambi Group plc, from 2014 until June 2018, where she was Chair of the Audit Committee. Prior to that, Susan was CFO for Swedish-listed online gambling group, Unibet Group plc from 2002 to 2007, and CFO at the AIM-listed, European gambling business, Praesepe plc from 2007 to 2009. She is currently Non-Executive Director at Gambling.com Group plc, where she also sits on the Remuneration and Audit Committees.

Outside the gambling sector, Susan is a Non-Executive Director of Bannatyne Group plc, and mentors online scale-up businesses. She is a fellow of the ICAEW.

Following her appointment to the Board on 1 August, Susan will be a member of the Audit, Risk, Remuneration and Nominations committees.

Alan Jackson, Chairman of Playtech plc, said, “The Board is delighted to welcome Susan to Playtech. Susan’s appointment as an independent Non-Executive Director represents another step forward in the evolution of Playtech’s Board and the continued progress of the Company. Susan brings a wealth of experience of the global gambling market with a focus on digital growth strategies which will be of particular benefit to Playtech and the continued execution of its strategic goals.”

Source: Online.CasinoCity.com

Stars Group provides update on mandatory share conversion

(PRESS RELEASE) — The Stars Group Inc. today announced that the Ontario Superior Court of Justice ruled in its favour with respect to the previously announced application filed by Polar Multi-Strategy Master Fund (and certain affiliated funds) and Verition Canada Master Fund Ltd. regarding The Stars Group’s pending mandatory conversion of all of its outstanding convertible preferred shares pursuant to their terms. The Court dismissed the application by the applicants for a declaration that the mandatory conversion would contravene The Stars Group’s articles of continuance.

As a result of the ruling, The Stars Group will proceed with closing its previously announced conversion of all its outstanding convertible preferred shares pursuant to their terms on 18 July 2018. All the preferred shares outstanding as of 18 July 2018 will be converted at a rate of approximately 52.7085 common shares per preferred share, resulting in the cancellation of all the preferred shares and termination of all rights associated therewith. With an anticipated 986,551 preferred shares outstanding as of 18 July 2018, the mandatory conversion is expected to result in the issuance of approximately 52.0 million common shares.

Source: Online.CasinoCity.com

Final call for entries in Great Women of Gaming Awards

(PRESS RELEASE) — It’s last call for nominations for the 2018 Great Women Of Gaming Awards presented by Global Gaming Women.

The award categories include Rising Star, Game Changer, Service Star, Leadership and Lifetime Achievement. There will be one award recipient in each category. Nominations are encouraged for women from casinos, lotteries, manufacturers, online gaming, sports betting, and other suppliers and vendors related to the gaming and lottery industries, including law firms and marketing firms.

The nomination period is quickly coming to its close, and entries are due by 31 July 2018. Award recipients will be announced at the Global Gaming Expo in Las Vegas, 9-11 October 2018.

Nominations will be judged by an esteemed committee of gaming leaders including Lauralyn McCarthy, Vice President of New Markets at Aristocrat Technologies, Inc.; Suzanne Trout, Chief Marketing Officer at Foxwoods Resort Casino; Christie Eickelman, Vice President of Marketing at Gaming Laboratories International; Dee-Wild Shyver, Associate Editor and Senior Advisor for Fantini’s Gaming Report and Fantini Research; Debra Nutton, Executive Vice President of Casino Operations for Wynn Las Vegas; Bahar Alaeddini, Partner at Harris Hagan; Halise Ekmen, Director of Finance at Chumash Casino; Janet Beronio, Retired, Senior Vice President and General Manager for Harrah’s Rincon; Omer Sattar, Co-Founder and Executive Vice President Strategic Initiatives, NRT /Sightline Payments; Clive Hawkswood, CEO Remote Gambling Association UK; John Hagan, Partner Harris Hagan UK; Tracy Damestani, CEO National Casino Forum Europe; Sue Harley, Retired UK Gambling Commission and Ladbrokes Executive; and Stacy Papadopoulos, AGA senior vice president of industry services and general counsel.

The Great Women of Gaming Awards, originally created by Casino Enterprise Management (CEM) Magazine in 2004, were designed to recognise and encourage outstanding achievements by women in the gaming industry. In 2016, CEM transferred the Awards to Global Gaming Women. In keeping with the mission of Global Gaming Women, the Awards have been updated to broaden the awareness, strengthen prestige and celebrate the success of women in the worldwide gaming industry. Additionally, the Awards seek to engage more women in fields related to gaming and further Global Gaming Women’s goal of diversity in leadership.

Source: GamingMeets.com

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