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France Gambles €690m During World Cup
According to brand new statistics, punters in France wagered a massive €690 million during the 2018 edition of the World Cup in Russia. Betting groups in France have reported that double the usual number of bets was received during the global sporting event, which is considered the largest event in the annual football calendar.
The gaming regulator of France, ARJEL, has noted that over €381 million was wagered during the event across 12 of the nation’s licensed online betting operators. A further €309 million was also bet at 27,000 retail outlets across the country. These bets consisted of €17 million in prop bets, €310 million in late round stage bets, and a whopping €363 million in group stage play wagers.
€67.2m Spent on Final Match
Naturally, the event that drew the most bets from French residents was the final between France and Croatia. According to ARJEL’s recent report, over €67.2 million was wagered on that game alone. In total, World Cup matches in which the French team participated attracted €180 million in cash bets – over a quarter of the money wagered on the entire Cup.
France’s betting numbers for the World Cup were impressive indeed, but there are still other countries that managed to bet far more on their chosen teams during the tournament. Chinese punters beat French bettors to the post by far, with China’s national sports lottery handling bets of RMB46.34 billion (US$6.9 billion) – almost four times the figure that was wagered in 2014.
Chinese Bets Outweigh France’s
Participation from China was staggering, with payouts for the aforementioned bets reaching over RMB33.8 billion and the government earning revenues of RMB8.34 billion (or US$1.24 billion). Surprisingly, these numbers actually fell short of the nation’s expectation of RMB50 billion, but regardless, the results are still impressive.
The final World Cup game saw Chinese punters wagering RMB2.74 billion on their favourite sides, and average daily bets for the nation reached RMB1.4 billion. According to local regulators, this is what the Chinese national lottery was earning the week before the Cup began.
Wagering on any sports in China is heavily restricted, with only the sports lottery and a few other state-run choices available for the nation’s 1.4 billion residents. China has also recently cracked down on illicit betting, although it is well aware that its punters will continue to find new channels through which to gamble.
Source: Latest News on European Gaming Media Network
Latest News
Goa Introduces an Entirely Online Lottery Platform
In a move towards modernising India’s lottery sector, the state of Goa has introduced an entirely online lottery platform, sanctioned by the Directorate of Small Savings and Lotteries. This initiative, known as Great Goa Games, aims to bring transparency and convenience to an industry that has long grappled with allegations of mismanagement and fraud.
Ticket sales commenced Monday, with the inaugural draw set for Sunday. Rhiti Group, led by founder Arun Pandey, was granted the license to operate and market the platform. “Our mission is to democratize opportunities through technology,” Pandey stated, emphasizing the secure and user-friendly nature of the app-based system.
Goa government official Narayan Gad lauded the move as a step forward for the Indian lottery sector. “With our online lottery streamlining processes through technology, we are setting a new standard in the lottery industry,” Gad remarked. “The technology-based product will enhance transparency and ensure improved monitoring and regulation of operations.”
This development follows new rules governing online lotteries, introduced by the Goa directorate in February 2023. Currently, 13 states in India, including Goa, allow lottery games, though others have banned them due to concerns over gambling addiction and operational irregularities.
The post Goa Introduces an Entirely Online Lottery Platform appeared first on European Gaming Industry News.
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Catena Media Announces Board Changes
Catena Media’s board of directors announced the appointment of Stephen Taylor-Matthews as non-executive director and the departure of Øystein Engebretsen from the board of directors.
Based in London, Stephen Taylor-Matthews is a tech entrepreneur, executive advisor and investor with over two decades of experience in online gaming, sports betting and data analytics.
He is the founder of Polynate, an AI-first company delivering next-generation sports engagement solutions, and has worked at Underdog Fantasy, GoatGaming and Betgenius in previous roles.
Stephen Taylor-Matthews commented: “Catena Media is in a transformation phase and I’m excited to be joining the board at this juncture and to contributing my industry expertise and insight.”
The appointment coincides with the departure from the board of Øystein Engebretsen, who has served as non-executive director since September 2018.
Erik Flinck, Chairman of the Board of Directors, said: “Øystein has made a valuable and important contribution to Catena Media for more than six years. I warmly thank him for his efforts and wish him well in his current and future ventures. At the same time, I am delighted to welcome Stephen Taylor-Matthews to the board. His experience and expertise will be a valuable asset for Catena Media as we move forward.”
Stephen Taylor-Matthews’ appointment will become effective once all necessary filings are made with the Malta Business Registry, and his term will run up until the end of the next annual general meeting, in accordance with the Maltese Companies Act and Catena Media’s articles of association.
The post Catena Media Announces Board Changes appeared first on European Gaming Industry News.
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Endorphina Partners with R. Franco Digital to Expand Reach
The leading online slot games provider, Endorphina, has announced a brand-new partnership with R. Franco Digital, a renowned manufacturer of AWP machines. This collaboration allows Endorphina to expand its reach in the Spanish and Latin American markets.
Endorphina is one of the top iGaming software providers for the B2B market, developing online slots that cater to a wide range of slot enthusiasts. Over the years, the provider has established itself as one of the most innovative slot suppliers in the industry, dedicated to expanding its products to players worldwide.
Zdenek Llosa, Senior Partnership Manager at Endorphina, said: “We are genuinely excited to join forces with R. Franco Digital, a trusted name with a rich legacy in the Spanish and Latin American gaming world. Partnering with a platform that shares our passion for quality and player satisfaction is truly inspiring. Together with the R. Franco team, we look forward to creating memorable, fun experiences that bring joy and excitement to our shared communities across Spain and LATAM. This collaboration feels like the beginning of something truly special.”
Franco Digital, a subsidiary of the Recreativos Franco Group, has been known for providing its customers with the best turnkey solutions for over 50 years. As a pioneering manufacturer of AWP machines, R. Franco Digital is founded on an innovative company culture that uses the best methodologies and technologies available, working with talented and disruptive people to deliver the best solutions.
“At R. Franco Digital, we are always striving to enhance our platform with innovative, top-quality content that resonates with our audiences, particularly in Spain and Latin America. Partnering with Endorphina allows us to bring a fresh, engaging catalog of games to our players, combining our platform’s power with Endorphina’s creativity and expertise. This collaboration underscores our commitment to delivering premium gaming experiences tailored for Spanish-speaking markets,” said Javier Sacristán, International Business Director of R. Franco Digital.
The post Endorphina Partners with R. Franco Digital to Expand Reach appeared first on European Gaming Industry News.
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