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Five leading UK casino and gaming companies to join the Senet Group as new partners

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Senet Group, the UK responsible gambling body, announces that five of the UK’s largest casino and gaming companies, Aspers, Caesars, Genting, Playtech and the Rank Group, have joined Senet.  They join five other funding partners including GVC (LadbrokesCoral), William Hill, Paddy Power Betfair, SkyBet and Scotbet.

The Senet Group was established in 2014 to promote responsible gambling standards in the UK and to ensure the marketing of gambling is socially responsible.  The new partners will now sit on the Senet Group’s quarterly CEO forum, which advises the Senet Board and its independent Chairman, Gillian Wilmot.

Since 2014, the Senet Group has played an important role in the development and improvement of advertising standards in the gambling sector, in addition to running player messaging campaigns under the When the fun stops, stop tagline.  Senet Group also runs MOSES, the self-exclusion scheme for UK high street bookmarkers.

Commenting on the new joiners, Sarah Hanratty, Chief Executive of the Senet Group, said: “With a great many initiatives and projects underway across the gambling industry, aimed at understanding and reducing problem gambling, the sector needs to improve its ability to collaborate on the development, testing and sharing of interventions which work.  Senet is doing its part in leading and facilitating collaborative projects, and I am delighted that our new partners have chosen to recognise the importance of collective leadership on safer gambling.”

On behalf of the new funding partners, John O’Reilly, CEO Rank Group plc, said: “This is a significant statement of intent from all five companies who share the view that responsible gambling should be at the heart of our businesses. The Senet Group is well placed to deliver an ambitious programme of work, and today’s announcement further strengthens the industry’s wider commitment to ensuring a safer gambling environment can be enjoyed by all customers.  There is a lot to do, an appetite to do it, and we are delighted to be adding our collective muscle to the Senet Group’s work.”

About the Senet Group:

The Senet Group seeks to raise standards in the gambling sector through best practice and other partnership initiatives and to promote responsible gambling through a campaign of broadcast, print and digital advertising and player messaging.

The most recent survey of the reach and impact of the “When the Fun stops, Stop” campaign can be found at: http://senetgroup.org.uk/responsible-gambling-campaigning-works-sustained-consistent-tuned-audience/


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: Five leading UK casino and gaming companies to join the Senet Group as new partners

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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Rise in Staffing Costs Results in Full-year Revenue Loss for Genius Sports

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9-10 Rise in Staffing Costs Results in Full-year Revenue Loss for Genius SportsReading Time: 1 minute

 

Genius Sports Group has posted a loss of £7.6m for the year 2018 despite a 23.9% yearly rise in revenue for the 12-month period.

Revenue for the year ended December 31, 2018, amounted to £65.8m, up from £53.1m in the year 2018. Genius Sports experienced momentous growth in its rest of world business, with revenue up from £200m to £31.3m. UK revenue also climbed from £6.1m to £7.3m, while rest of Europe revenue increased a little from £26.9m to £27.2m.

Though, GS also noted a growth in expenses for the year, with the cost of sales rising 52.4% from £18.4m to £28.0m and administrative expenses up from £23.3m to £29.5m. Hiring more staff costs particularly hit Genius, with this jumping from £22.3m to £29.7m as the business increased its employee numbering from 669 to 901 in the year.

The increased costs drove Genius from an operating profit of £5.9m in 2017 to an operating loss of £4.2m for the full year. Evaluating the results, Regulus Partners said that Genius’s historical pattern of growing revenue at the expense of profitability also need to be changed in order to deliver viable potential.

Market Analyst at Regulus also emphasised Genius’s acquisition of English and Scottish football official betting data from what is now Stats Perform, saying that this is “transformational to Genius and potentially transformational to the betting as well as sports rights sectors.”


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: Rise in Staffing Costs Results in Full-year Revenue Loss for Genius Sports

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Svenska Spel Launches Verisec’s Freja eID Technology

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8-9 Svenska Spel Launches Verisec’s Freja eID TechnologyReading Time: 1 minute

 

Svenska Spel has launched Verisec’s Freja eID to enhance its customer identification process.

The new gambling legislation that came into force on 1 January this year requires gaming companies to use an e-ID for registration of their customers. This is to increase safety and to ensure players’ age and identity. Until now, the customers of Svenska Spel have been referred to a single e-ID but with the introduction of Freja eID is given both greater choice and independence, by not being locked to a specific login method.

“Most companies that digitize their services put considerable resources on good user experience and to eliminate eventual friction for users who want to access the digital service. Thus, not keeping users locked to a specific sign-in solution is an important step. We believe that this is not only positive for the users, we also believe it is a strong competitive factor in that Svenska Spel is the first gaming company with a gaming license that offers its users more than one e-ID,” Johan Henrikson, CEO of Verisec 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: Svenska Spel Launches Verisec’s Freja eID Technology

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Trustly Launches its New Product Trustly Live

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7-10 Trustly Launches its New Product Trustly LiveReading Time: 1 minute

 

Online banking payments provider Trustly has launched Trustly Live, the product built specifically for land-based gaming. With the introduction of Trustly Live, Trustly is helping to remove the need for cash at land-based casinos and sportsbooks.

With Trustly Live, players can scan a Trustly QR code with their smartphone and instantly deposit funds from their online bank account. This helps operators to lower cash handling costs while also catering to the preferences of their players. Additionally, Trustly Live can strengthen KYC and AML checks, ultimately helping to enhance the trackability of players and meet increasingly strict regulatory requirements. Trustly Live is currently live with Cherry Spelglädje in 45 locations in Sweden and plans to expand across Europe in the coming months.

“The launch of Trustly Live will help land-based operators thrive in today’s increasingly cashless economies. Cash handling is expensive, unsafe and, frankly, outdated. Consumers are already adopting safer and more convenient ways to pay and Trustly is excited to be bringing innovation to the land-based gaming world by helping operators keep pace with their players’ preferences,” Samuel Barrett, Director of Gaming at Trustly 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: Trustly Launches its New Product Trustly Live

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