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Exclusive interview with Yiannis Gangas, Chief Product Officer at Vermantia
Reading Time: 3 minutes
Vermantia’s round the clock live racing service has been turning heads in the industry for some time now. European Gaming caught up with Chief Product Officer Yiannis Gangas to get the low down.
Tell us more about the live racing channels and what they offer.
In short, it’s the most comprehensive source of live horse and greyhound racing that any retail or online operator could require. We deliver more than 70,000 premium live events a year from the best tracks in the world, including the United Kingdom, Australia, South Africa, and USA. These feature highly-competitive racing that are proven to attract high-levels of customer engagement and ensure good margins as well as profitability. Crucially, they are available 24/7, so that wherever operators are in the world they can rest assured that they have a high-quality live product on tap for their customers. It is an end-to-end solution too, with a complete odds service, adaptable data feed, automated channel production platform and the latest in broadcasting and streaming technologies.
What makes the Vermantia service different to what else is currently available?
Our live racing content is round the clock, suitable for any time zone, and the most extensive available. Its presentation is also bespoke to each operator. We appreciate that there are local requirements in every territory, so we localise the service by customising the design and content, as well as offering an adaptive data feed for faster deployment. We’re very careful to make sure we don’t bundle content together which operators don’t want. It’s very much about listening to what they require and adapting accordingly. We can provide professional live commentary and race cards in any language required and can provide sales and marketing support too. We appreciate not every market has the horse and greyhound racing in its DNA, so there is an educatory requirement on occasion. But we have found that operators who take the plunge even in these markets are not disappointed.
What role does virtual sports have to play in all this?
Virtuals is a really important product and very popular with players. Our service is among the best out there with 20 virtual channels delivered to customers internationally. I’m also delighted our unique baseball game was also recognised at the SBC Awards in London earlier this month. Virtuals has an army of fans around the globe who enjoy it in its own right, as well as those who are happy to get involved in between live sports coverage. But for the latter group, who I think are the majority of customers, it is all about live. I am very pleased to say that Vermantia broadcasts 40 per cent more live racing action than any other provider in the industry. That is particularly important in some countries who do not allow virtuals, of course. But for the others, any operator will tell you that the real sweet spot for customer engagement, whether that’s in retail or online, is good quality data, readily available betting markets, and live pictures. That is the holy trinity.
How is this live content distributed?
There is no one size fits all when it comes to distribution and it is important to be flexible. A retail operator in Africa is going to have different requirements and infrastructure to an online brand servicing the Nordics. As a result, we can use either satellite broadcast or streaming to deliver our live race channels. The former covers the globe and offers 24/7 playout monitoring, SLA, and high efficiency video coding for maximum quality at minimum bandwidth. Our streaming solution is ultra-low latency. It’s less than a second, in fact, which is as fast as anything in the industry, and much faster than some of the options available to operators.
Which markets do you service at the moment and which operators currently take live racing from Vermantia?
Our live racing channels are deployed in Europe, CIS, and Africa with operators as large as OPAP and Intralot Group who are among our long-standing partners. We are also rolling out as we speak to new clients from Central and Southern Europe to the Caribbean, proving that this type of content delivered in such a user-friendly fashion has universal appeal wherever operators and their customers find themselves in the world.
Source: Latest News on European Gaming Media Network
Reading Time: 1 minute
Oriental Group, the Asian-based online gaming giant, has got approval form PAGCOR, the gaming regulator in Philippines, to develop two hubs for the purpose of hosting accredited Philippine Offshore Gaming Operators (POGOs). The hubs will be based in Clark and Cavite.
The hubs will not only house the offices of accredited POGOs but also workers’ residences and relevant government agencies. The idea is to make it easier for PAGCOR to regulate the industry.
“We are making business more comfortable and easier for the operators by now licensing POGO hubs. Since it’s easier for us to regulate when they are in hubs, then there are some special privileges there like five-year licenses,” PAGCOR chair Andrea Domingo said.
According to Kevin Wong, General Manager of Oriental Game, the Clark hub which is covering an area of around 10 hectares is already operational and will be able to accommodate 5000 workers once at full capacity. The Cavite hub, which will cost Oriental Game Php8 billion (US$156 million) to build, will cover 20 hectares and house 20,000 workers.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Oriental Group Gets Approval for Developing Gaming Hubs to House POGOs
Reading Time: 1 minute
Sands China, the integrated resort developer and operator in Macau, has launched a special financing programme for its local SME suppliers, in cooperation with six local banks.
The new financing programme is part of Sands China’s F.I.T. initiative which offers Financial Support, Invitational Matching and Training and Development to local SME suppliers.
Through the Sands China SME Financial Support Programme, six local banks are offering special loans and credit to local SMEs who have contracts or purchase orders with Sands China. The goal is to support the development of local SMEs through faster, easier and more favourable bank financing loan products.
“Sands China is very pleased to be the first integrated resort operator in Macao to present this new financing program for our local SME suppliers. It is important for our company’s growth to go hand-in-hand with the growth of local businesses, and this latest initiative is part of Sands China’s ongoing and long-term commitment to supporting local SME suppliers. We want our presence in the marketplace to provide opportunities for smaller companies in Macao to benefit from the business opportunities that are created as a result,” Dr. Wilfred Wong, president of Sands China Ltd said.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Sands China Launches Special Financing Support Programme for Local SMEs
Reading Time: 2 minutes
Isle of Man-based corporate services provider Middleton Katz has today announced a deal to join the SMP Group of Companies, a global professional and financial services group. The transaction has been approved by the Isle of Man Financial Services Authority.
Middleton Katz is a well-respected service provider on the Isle of Man, delivering corporate, tax, and accounting services to a broad range of clients. The company has built its reputation on professional expertise, personal service, and attention to detail.
Martin Katz, Principal of Middleton Katz, commented: ‘I am incredibly proud of the business and sense of community we have built; as a small, close-knit team, we have consistently punched above our weight in terms of the services we deliver. However, joining a larger group gives us the back-office support we need to extend and improve the services we offer clients much farther than we could alone. For us, SMP was a clear candidate from the beginning. We have dealt with them many times in the past and always been treated fairly and respectfully, so we already have strong relationships with many of their team.’
David Hudson, CEO of SMP Group, added: ‘Middleton Katz is an efficient and highly skilled company that is well-loved and respected by both clients and staff for its personable and reliable service and culture. We know they will integrate very naturally into our business, and we believe our shared history and ambitions will be hugely beneficial for their clients and staff.
‘Middleton Katz is our second acquisition since completion of the MBO on 14th June and represents another significant milestone for our Group.’
The deal has been undertaken with the support of Palatine Private Equity LLP, the UK mid-market private equity house that took SMP through its 2019 MBO, with additional debt funding from Apera Asset Management.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Middleton Katz Joins SMP Group
Oriental Group Gets Approval for Developing Gaming Hubs to House POGOs
Sands China Launches Special Financing Support Programme for Local SMEs
Middleton Katz Joins SMP Group
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