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Vixio Launches Market Assessment Tool to Support Clients’ Market Entry and Growth Plans
Vixio Regulatory Intelligence, the leading provider of regulatory and business intelligence to the global payments and gambling industries, announced today that it has launched a new tool and a first of its kind for the industry to provide an at-a-glance view of over 140 global jurisdictions’ approaches to online gambling.
The Market Assessment Tool (MAT) enables clients in compliance and strategy roles to quickly filter and compare key variables to support decision making around market entry, new product launches and expansion plans.
According to MAT, approximately 58% of covered global jurisdictions across Europe, North and Latin America, Africa and the Asia-Pacific region have either fully or partially regulated their online gaming and betting markets or are actively in the process of establishing a licensing regime. Almost half of these fully or partially regulated markets can be considered to have either restrictive or very restrictive regulatory regimes, offering limited licensing opportunities, requiring high upfront fees or otherwise establishing burdensome compliance obligations for operators.
Some 32 jurisdictions, primarily in Europe, have restrictive or prohibitive approaches to online gambling advertising and 16 jurisdictions covered by MAT are in the process of tightening their regulatory regimes to establish stricter rules.
By offering a balanced view of risks and opportunities in one dashboard, the MAT provides immediate insight into the over 140 covered jurisdictions available, with additional markets to be added in future. MAT also takes collation a step further with a range of functions that allow users to interact with the data directly, giving our clients the ability to compare variables across jurisdictions in order to identify market opportunities that meet specific characteristics based on their company’s profile.
The nine key variables provide insight into each jurisdiction’s regulatory status and restrictiveness through to market size and growth trajectory.
“Over the past few years, online gambling regulation has spread quickly outside of core European markets into the Americas, parts of Africa and Asia,” the Chief Content Officer for Vixio Regulatory Compliance, Roseanne Spagnuolo, said. “This means leading operators and suppliers need to monitor and understand an increasing number of diverse regulatory regimes on a global scale.
“Feedback from our executive clients stated that they need to be able to find this information quickly and we are proud to be able to support this requirement by launching a new powerful tool; saving considerable time when assessing compliance and business requirements.”
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Bulgaria first for Push Gaming with Kaizen Gaming’s Betano
Push Gaming has entered the Bulgarian market thanks to an exclusive deal with Kaizen Gaming brand Betano, marking a milestone in its expansion in globally regulated markets.
For 12 weeks, tier-one operator Betano will have exclusive rights to Push Gaming’s portfolio in the country as it brings the studio’s hugely popular titles to Bulgaria for the first time.
Push’s extensive back catalogue of major hits, including Razor Shark, Razor Returns, Jammin’ Jars, Big Bamboo and Wild Swarm, are now ready to be enjoyed by players in Bulgaria, with more recent releases due to roll out imminently.
The launch enhances Push’s relationship with Kaizen Gaming, which has already seen success with its award-winning content in Greece, Denmark, and Brazil.
Agreements with over 15 direct integration partners have been achieved in 2024, and the supplier’s significant growth will be bolstered by several more announcements in the remainder of Q4.
Fiona Hickey, Chief Business Development Officer at Push Gaming, said: “Bulgaria is a territory we’ve been working on for some time, so it’s particularly pleasing to launch there with such an established and respected name as Betano.
“We know the strength of our product, and allied with Kaizen Gaming’s prominent positioning across regulated markets, we can make the most of our regional entries. They’re a fantastic strategic partner to work alongside, which breeds exceptional confidence that every launch period will perform strongly.”
Evangelos Dedoulis, Director of Product, Gaming and Rewards at Kaizen Gaming, added: “Push Gaming is responsible for some of the finest games on the market, and as such, we have been eagerly anticipating bringing them to our Betano platform in Bulgaria too. In other markets where we have integrated Push Gaming’s titles, the reception from our audience has been exceptional, and we expect the same in this case too.”
The post Bulgaria first for Push Gaming with Kaizen Gaming’s Betano appeared first on European Gaming Industry News.
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Mindway AI Partners with SportsBroker to Elevate Responsible Gaming in UK Market
The post Mindway AI Partners with SportsBroker to Elevate Responsible Gaming in UK Market appeared first on European Gaming Industry News.
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Kambi Group plc and BetCity strengthen partnership with multi-year extension
Kambi Group plc (“Kambi”), the home of premium sports betting solutions, has agreed a multi-year extension to its successful sportsbook partnership with BetCity, a leading online sports betting and gaming operator in the Netherlands. In 2022, BetCity was acquired by Entain, one of the world’s largest sports betting and gaming groups.
The extended agreement will see Kambi continue to provide BetCity with its online Turnkey Sportsbook, the world’s leading end-to-end sportsbook solution. BetCity also leverages native app technology from Shape Games, Kambi Group’s Front End division, to provide an enhanced user experience.
Kambi first partnered with BetCity in 2021, successfully launching on day one of the Netherlands’ regulated online gambling market opening in October of that year. Following the launch, BetCity quickly established itself as one of the Netherlands’ leading brands.
Werner Becher, Kambi CEO, said: “We are delighted to extend our partnership with BetCity, a brand that has demonstrated exceptional ambition since its inception. This agreement reflects the strong relationship we have built over the past few years and underscores Kambi’s commitment to empowering partners with the premium technology and services needed to succeed in regulated markets. We look forward to continuing this journey with BetCity and supporting their next phase of growth as part of Entain’s stable of brands.”
Vic Walia, CEO of BetCity, added: “Since partnering with Kambi, BetCity has gone from strength to strength, achieving a prominent position in a highly competitive market. Kambi’s advanced Turnkey Sportsbook and high-quality service have been pivotal to our success, and we are excited to extend this collaboration as we continue to deliver a premium betting experience to our players in the Netherlands.”
The post Kambi Group plc and BetCity strengthen partnership with multi-year extension appeared first on European Gaming Industry News.
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