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Bet-at-Home share price continues to fall

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The share prices of Bet-at-Home, the Germany-based gaming operator listed in the Frankfurt stock exchange continues to fall. It fell by 10 per cent this week. The company has blamed its blacklisting in Poland as the main reason for the continuing decline in the share price.

The gambling regulator in Poland blacklisted Bet-at-Home, along with several other operators, about a year ago, as part of the country’s gambling crackdown.

The company’s gross betting and gaming revenue for the six months to June 30 was €66.6m, down around 13 per cent on the same period in 2017. The group’s betting and gaming volume fell by 10 per cent year-on-year to €1.5bn. EBITDA of €11.0m was down on last year’s €17.4m, in part due to high marketing costs during the FIFA World Cup.

According to the company sources, the main reason for the fall was the blocking measures that have excluded foreign betting and gaming operators in Poland since July 2017. These “are considered as a violation of European legislation,” according to Bet-at-Home.

The company was one of the first companies to be black-listed in Poland at the start of July 2017, three months after legislation was introduced that allowed unlicensed companies to be blocked from offering gambling services to Polish citizens.

The legislation introduced a licensing structure and a huge 12 per cent turnover tax on those operating in Poland. At the time, the Remote Gambling Association (RGA) said the “fiscal framework is not workable. Until it is changed, few operators will take up licences in Poland.”

Earlier this month, a Warsaw court ruled against four overseas companies that challenged the legality of Poland’s blacklist, which now contains more than 2000 domain names. The Regional Administrative Court in Warsaw found that the Ministry of Finance – which operates the licensing scheme – had the right to block the ISPs of firms offering gambling services without the necessary permits.

Cherry recently became the ninth licensed operator in the Polish market, and the second company to receive a licence under the new gambling regulations which came into force last April.

Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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OpenBet Powers Record-Breaking 100,000+ Peak Bets per Minute at Grand National 2024

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Provider’s robust engine processed 397 million account transactions during top horse racing festival

OpenBet, a leading content, platform and service provider to the sports betting industry, has reported impressive results at this year’s Grand National Festival, processing 101,000 peak bets per minute, which represents an increase of 21% year-on-year.

The 2024 edition of the iconic race held at Aintree saw jockey Paul Townend secure his first Grand National win with joint-favourite I Am Maximus. During the horse racing festival, OpenBet’s robust betting engine powered the account transactions for market-leading operators such as William Hill, Entain and Flutter, delivering a seamless betting experience for their customers.

Despite a reduced field size of 34 runners during the flagship race, betting interest remained extremely high across the three-day festival, which remains one of the busiest horse races of the year.

 

Significant highlights across OpenBet’s customers included:

  • 101,000 peak bets per minute (BPM), 21% increase vs 2023
  • 3,000 peak bets per second, 34% increase vs 2023
  • 397 million account transactions, 3% increase vs 2023
  • Average Win and Each Way stake was £5.42
  • 100% uptime

Florian Diederichsen, CTO at OpenBet, said: “We continue to deliver record-breaking results at OpenBet, across some of the world’s major sporting events.

“This year, the Grand National continued to attract extraordinary levels of bettors. With an average win and each way stake being £5.42, any downtime would have risked £100,000s of lost turnover. However, our operator partners were able to deliver a seamless betting experience for the historical event with the support of our highly experienced team, and industry-leading technology. We look forward to delivering even more success during the summer of sport ahead.”

The post OpenBet Powers Record-Breaking 100,000+ Peak Bets per Minute at Grand National 2024 appeared first on European Gaming Industry News.

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Push Gaming’s DJ Cat Spins the Discs and the Reels

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B2B gaming supplier Push Gaming has released the second in its series of DJ games, DJ Cat, which brings a range of new features to amp up engagement.

Following the success of DJ Fox, this new follow-up retains the easy-to-understand, win-what-you-see gameplay, adding in larger win multipliers.

Lining up CD symbols helps players to build big prizes while VIP icons grant access to spin the decks and feed the Multiplier Meter. Arrow symbols crank the volume and unlock more reels using the iconic Push-Up feature.

Following a growing trend within iGaming, DJ Cat omits a bonus feature and instead is designed to deliver volatile gameplay throughout the title.

DJ Cat is the first second-quarter release from Push Gaming and launches ahead of much anticipated upcoming titles like Retro Sweets and Cats of Olympuss.

“Win-what-you-see games have enjoyed a surge in popularity recently and we’ve taken that trend and framed it in a contemporary theme, delivering something fresh to players and operators,” the Senior Game Producer for Push Gaming, Craig Turner, said. “In another unique twist from most of our catalogue, we decided not to implement a bonus round but instead designed the entire game with a fast-paced feel that we’re sure players will love.”

The post Push Gaming’s DJ Cat Spins the Discs and the Reels appeared first on European Gaming Industry News.

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4ThePlayer Evolves MoneyWays for Ultra Entertainment in 4k Ultra Gold

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4ThePlayer in collaboration with Yggdrasil is unveiling its new release, 4K Ultra Gold MoneyWays, through the YGG Masters platform.

This game evolves 4ThePlayer’s popular MoneyWays mechanic as seen in the top-performing 4 Fantastic series where cash on the reels is won by forming ways wins without the need for additional symbols or features. In 4K Ultra Gold, every cash symbol is boosted when it lands on the reels, creating additional excitement and anticipation.

In addition, cash can now be collected via scatters on every reel, magnifying the potential wins and creating more ways to win than any other MoneyWays game.

The game features four increasing Boosting Fortunes Prizes; the Ultra, Mega, Super and Big Fortunes can land on the reels and be instantly won along with cash prizes. If a Boosting Fortunes Prize is not won on a spin, then it will be increased for future spins.

The entertainment does not stop there as players can choose between free spins or Collect Spins. In free spins, wilds turn into multiplier wilds to increase your wins. In Collect Spins, a Collect scatter lands on every spin to award every cash prize in view.

“Our newest game with 4ThePlayer is a fantastic addition to our portfolio,” the Senior Product and Program Manager for Yggdrasil, Zoe Bird, said. “4K Ultra Gold is a high-octane experience that offers a host of different ways for players to snag cash prizes thanks to MoneyWays and, with the four Boosting Fortunes Prizes available, there’s so much to go at. This is another game that exemplifies Yggdrasil’s partner programme and offers an incredibly fun addition to any casino lobby.”

“We’re celebrating the return of MoneyWays in this feature-rich release, 4K Ultra Gold,” the co-founder and Commercial and Marketing Director for 4ThePlayer, Henry McLean, said. “With super vibrant visuals, powerful maths and a soundtrack that is as exciting as the gameplay, we’re confident we’ve got an ultra-high-performing game on our hands.”

The post 4ThePlayer Evolves MoneyWays for Ultra Entertainment in 4k Ultra Gold appeared first on European Gaming Industry News.

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