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Report says stake reduction on FOBTs has positive effect

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7-12 Report says stake reduction on FOBTs has positive effectReading Time: 1 minute

 

The UK government’s recent decision to reduce the stakes on fixed odds betting terminals (FOBTs) has produced social responsibility measures that are “fit for purpose,” a report by the Regulatory Policy Committee says. The Regulatory Policy Committee is a government body charged with providing external, independent scrutiny of new regulations.

The decision to reduce stakes was made to reduce gambling-related harm.

The report used a recent study by the Institute for Public Policy Research to illustrate the consequences and costs of gambling-related harm to society and another report from the Centre for Economics and Business Research that suggested that FOBT gamblers were placing a cost upon themselves and their families of £1.5bn, although the DCMS was unable to substantiate these estimates.

The Regulatory Policy Committee says that at the start of the process of reducing the stakes, the UK had 33,611 FOBTs, 191 in casinos and the rest in betting shops, of which the country had 8677 in March 2017. They had a gross gambling yield of £1.8bn. The DCMS now believes that the imposition of the limitations on stakes will cost the industry £540m.

The GGY losses, says the RPC, may be mitigated by players choosing to gamble at a lower level for longer, with sessions estimated to last on average 28 per cent longer. Other estimates show that the number of people who will no longer play FOBTs may be reduced by 10 per cent.

The report suggests that some improvements to the process of gathering data and analysis might be introduced, including an even closer working relationship between the DCMS and the Gambling Commission to develop a monitoring and evaluation strategy. It also suggests that the DCMS considers the potential impact of electronic, notes, and coins payment methods on staking behaviour.


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: Report says stake reduction on FOBTs has positive effect

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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Skyrocket Deals with Millennium Media, Snaps up Hollywood Film Rights

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9-13 Skyrocket Deals with Millennium Media, Snaps up Hollywood Film RightsReading Time: 1 minute

 

The US based tech-entertainment company, Skyrocket Entertainment, has made deal with US-based Millennium Media and acquired international rights to a number of iconic Hollywood feature films including Rambo 4, The Expendables and the Fallen franchise. Skyrocket will transform these stories and characters into new gaming content and products and migrate them into the worldwide online gambling sector.

Production of the film-branded gaming content will commence from May 2019 with expected delivery slated for 2020. The deal was struck between Skyrocket CEO, Sean O’Kelly and Millennium Media president, Jeffrey Greenstein.

“We are excited to be working with Millennium Media, adding the crown jewels of their library to the Skyrocket slate for this innovative venture. Millennium recognised the value and vast potential of this new revenue stream from day one and we’re looking forward to creating fresh and immersive gaming experiences around these well-loved films, which resonate with existing but also new audiences worldwide,” O’Kelly 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: Skyrocket Deals with Millennium Media, Snaps up Hollywood Film Rights

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AGTech Wins Lottery Hardware Bid in Guangxi Zhuang Autonomous Region of China

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AGTech-18 AGTech Wins Lottery Hardware Bid in Guangxi Zhuang Autonomous Region of ChinaReading Time: 1 minute

 

AGTech Holdings Limited is delighted to announce that its wholly-owned subsidiary, Beijing AGTech GOT Technology Co., Ltd has won the lottery terminals procurement tender to supply lottery terminals to the Sports Lottery Administration Center in Guangxi Zhuang Autonomous Region of the People’s Republic of China, following the winning bids in Tianjin and Hainan since 2019. The successful bid further strengthened the Company’s leading position in China’s sports lottery hardware market and demonstrated the continued competitiveness of AGTech’s lottery terminals.

John Sun, Chairman and Chief Executive Officer of AGTech said, “So far this year, AGTech GOT has already won tenders in various province, municipality and autonomous region across China, further reaffirming our hardware division’s continued dedication to and leading position in China’s lottery industry. AGTech has and will continue to enhance product innovation, ensure safety and R&D compliance, and contribute to the overall healthy development of China’s lottery market.”

 

About AGTech Holdings Limited:

AGTech was incorporated in Bermuda and its shares are listed on the GEM (Stock Code: 08279). AGTech is an integrated technology and services company engaged in the lottery and mobile games and entertainment market with a focus on China and selected international markets. A member of the Alibaba Group with around 400 employees, AGTech is the exclusive lottery platform of Alibaba Group and Ant Financial Group.

AGTech’s businesses are broadly divided into two categories:

  • Lottery (including hardware, games and systems,  provision of distribution and ancillary services); and
  • Games and Entertainment.

AGTech is a Gold Contributor of the World Lottery Association (WLA), an associate member of the Asia Pacific Lottery Association (APLA), and an official partner of the International Mind Sports Association (IMSA).

For more information, please visit www.agtech.com

 

SOURCE AGTech Holdings Limited


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: AGTech Wins Lottery Hardware Bid in Guangxi Zhuang Autonomous Region of China

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Pariplay Launches Dragons of the North

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8-14 Pariplay Launches Dragons of the NorthReading Time: 1 minute

 

Pariplay Ltd., a leading provider of Internet Gaming Systems, has launched Dragons of the North, a new online video slot that sends players on a thrilling journey to a world of fantasy and adventure.

Beautifully realised graphics further add to the game’s allure, depicting a colourful but treacherous landscape that is sure to encourage repeat play and deeper exploration into all this magical world has to offer.

Players can trigger several special reel prizes with the Golden Dragon Egg symbol, which also acts as a Wild in both the base game and free spins. Possible rewards include cash prizes, 10 free spins and one of four different jackpots with multipliers ranging from ×15 to ×1000.

“We’re very excited about Dragons of the North, which is a worthy follow-up to the incredible success of the Rumble Rhino slot that we launched in March. These games are each representative of our commitment to crafting engaging experiences with innovative gameplay features. In the case of Dragons of the North, we’ve included a special feature where each reel has its own prize, which changes with each spin,” Richard Mintz, Commercial and Marketing Director of Pariplay 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: Pariplay Launches Dragons of the North

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