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Russian Ministry Proposes the Prohibition of Instant Lotteries on Internet

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6-9 Russian Ministry Proposes the Prohibition of Instant Lotteries on InternetReading Time: 1 minute

 

The Ministry of Finance of Russia has proposed to prohibit the sale of tickets of instant lotteries on the Internet. Currently, Russia only allows state lotteries organised by the Ministry of Finance and the Ministry of sports.

Instant or draw lottery is a lottery in which winning or losing is incorporated in the ticket immediately, but her party will be able to know the result only after a purchase. As follows from the bill of the Ministry of Finance, under the guise of such lotteries in the network is often arranged illegal gambling.

In addition, the Agency proposed to limit the maximum size of the prize Fund of each lottery 70% of its revenue. Also clarifies that targeted deductions from lotteries should go to the Federal budget.


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: Russian Ministry Proposes the Prohibition of Instant Lotteries on Internet

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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Gambling.com Group Releases 2019 Q1 Interim Report

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gambling-com-group-q1-2019 Gambling.com Group Releases 2019 Q1 Interim ReportReading Time: 3 minutes

 

Q1 Interim Report | 3 months ended 31 March 2019

JAN – MARCH 2019 COMPARED TO JAN – MARCH 2018

  • Revenues totalled EUR 5.24 (3.46) million, an increase of 52%. The organic growth rate was 50% (98% of total growth).
  • Adjusted EBITDA excluding non-recurring costs totalled EUR 1.75 (1.32) million, an increase of 33%, corresponding to an adjusted EBITDA margin of 33 (38) %
  • EBITDA totalled EUR 1.75 (0.99) million, an increase of 76%, corresponding to an EBITDA margin of 33 (29) %
  • Net cash generated from operating activities was EUR 1.05 (0.93) million
  • New Depositing Customers (NDCs) totalled 26,525 (15,984), an increase of 66%

SIGNIFICANT EVENTS DURING THE FIRST QUARTER 2019

  • Approval to Expand Business in New Jersey | The Group has been granted approval by the New Jersey Division of Gaming Enforcement to expand business deals with operators to include revenue sharing components.
  • American Gambling Awards by Gambling.com | The Group announced a new annual awards program aiming to recognise excellence in the American market for regulated online gambling. The results of the program will be announced in the second quarter.
  • Sale of Treasury Bonds | The Group has sold treasury bonds with a nominal value of EUR 0.1 million thus increasing net borrowing from the senior bonds issued at 22 October 2018 to EUR 15.6 million at the quarter end.
  • EUR 7,100,000 Convertible Notes Issue 2017/2019 | The Group redeemed early, part of the Notes with a principal value of EUR 0.1 million. The remaining balance matures on 30th June 2019.
  • Department of Justice Wire Act Re-Interpretation | The United States Department of Justice released an opinion which re-interpreted the Department’s own opinion on the Wire Act from 2011. The ramifications of the new opinion are not yet clear but could create headwinds for the roll-out of regulated online gambling in the United States.
  • Regulation of Swedish Online Gambling Market | As of January 1, 2019 the Swedish market is locally regulated and taxed. We have seen our Swedish assets perform well in terms of NDC production but with a commensurate decrease in player value.

SIGNIFICANT EVENTS AFTER THE REPORTING PERIOD

  • New US States Legislation | Indiana, Iowa, Montana, and Tennessee took measures to authorize sports betting.
  • Gambling.com Joins the Fantasy Sports & Gaming Association (“FSGA”) Board of Directors | In April 2019 the Group represented by Gavin Walters, the Group’s director of business development, was appointed to the FSGA Board of Directors.
  • Membership of the Associated Press Sports Editors (“APSE”) | The Executive Committee of APSE has granted membership to Gambling.com Group Plc thus the Group becomes the first member of APSE focused on covering the emerging sports betting market in the United States.
  • Publication of Annual Report | The 2018 Annual Report and consolidated Financial Statements was published on April 25 and is available on the official website of the Group (www.gambling.com/corporate).
  • Increase in United Kingdom Remote Gaming Duty | The UK government has announced an increase in Remote Gaming Duty on operators from 15% to 21% with effect from April 1st, 2019.

“The Group delivered yet another record quarter. Revenue grew 52% to EUR 5.24 million compared to Q1 2018. Virtually all of the growth was organic. Q1 EBITDA was also a record at EUR 1.75 million.” – Charles Gillespie, Chief Executive

 

About Gambling.com Group:

Gambling.com Group Plc is a multi-award winning provider of digital marketing services for the global iGaming industry. Founded in 2006, the group has a workforce of more than 110 and operates from offices in Dublin, Tampa and Malta. The group publishes websites that offer comparisons and reviews of online gambling websites in 15 national markets in 9 languages. Players use these resources to select which online gambling operators they should trust to offer a safe and honest online gambling experience. The Group’s publishing assets include the leading iGaming industry portal, Gambling.com® as well as Bookies.com and the CasinoSource℠ series of portals, among many others.


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: Gambling.com Group Releases 2019 Q1 Interim Report

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Innobet Pens BtoBet Partnership

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btobet-innobet-1 Innobet Pens BtoBet PartnershipReading Time: 2 minutes

 

Leading iGaming technology provider BtoBet has furthered its presence in Africa, with its regional Certified Partner – STM Gaming – striking a partnership with Ugandan operator Innobet. This has been the latest of a series of partnerships to be announced in Africa, with this year seeing operators in Kenya, Nigeria, Tanzania, Chad, Guinea and Namibia amongst other countries already going live making use of BtoBet’s lite yet advanced version of its iGaming platforms.

Seeking to provide an optimal user experience, Innobet will provide its players with a range of betting activities based on a global level such as football, horse racing, tennis, cricket and a variety of other popular sports. The Ugandan licensee will also be diversifying its content offering with a comprehensive list of online casino games and jackpot offerings.

STM Gaming’s CEO, Alessandro Pizzolotto, said that BtoBet’s White Label Partnership Program is constantly gaining momentum with African White Label Operators seeking to enter the local market opting for an approach based on knowledge coupled with simplified yet advanced and highly adaptable technology. Further commenting on the African scenario, Pizzolotto stated that the continent’s iGaming industry is increasingly becoming more appealing, with a number of countries moving towards embracing a regulatory framework, and significant investments ameliorating the local internet and smartphone penetration and infrastructure.

BtoBet will be present at GEFA which is set to take place in Abidjan, Ivory Coast, from the 26th until the 28th June. It has also published a Francophone Handbook, detailing important information on all the countries in the region concerning internet and smartphone penetration, financial inclusion, and how operators can augment the player experience through dedicated content featuring innovative user interfaces. Download the Industry Report and schedule a meeting with our team of local experts by sending an email on sales@btobet.com.

 

About BtoBet:
BtoBet is a multinational company and is part of a group with 20 years of experience in software development in IT, telecommunication, e-commerce and banking, strongly committed to technology and widely investing in technology research and development. The experience gained at the forefront in these advanced environments, compared with the more recent gambling industry, allows BtoBet to be visionary with a deep understanding of the requirements of the market, catching changing trends and anticipating bookmakers’ and operators’ needs. BtoBet is a true partner in technology, offering a standalone platform and services for the iGaming and Sports Betting industry. It counts on a very talented, continuously trained development team and day to day management support to clients. BtoBet allows licensees to be unique in the market, by giving them the opportunity to completely personalise their offers for Sports betting and iGaming business, online mobile and retail.


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: Innobet Pens BtoBet Partnership

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NetRefer Wins Best Industry Contributor Of The Year Award!

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netrefer-migea-2019 NetRefer Wins Best Industry Contributor Of The Year Award!Reading Time: 2 minutes

 

The Malta iGaming Excellence Awards (MiGEA) night took place last Friday 17th May, in an elegant setting at the Laguna Hall in SmartCity, Kalkara. NetRefer supported the evening, as well as participated thoroughly with its submission and got nominated for:

  • Best Industry Contributor of the Year
  • Best Gaming Mark of Excellence
  • Best Technology Provider of the Year
  • Best Customer Support Service Support

MiGEA is a business networking event, offering a unique gathering of Malta’s top iGaming companies and industry leaders, in a casual environment, created for outstanding iGaming achievers. During the evening, networking, new business opportunities and like-minded people, come together to enjoy the event, while celebrating achievements and successes in the past year. Recognition is the key element throughout the MiGEA, which is put together by MBR Publications.

NetRefer’s Marketing & Commercial Teams put together a sound contribution to the Questions put forward, which were the basis for the Awards’ submission. The focus evolved around the Performance of the company via its employees and the way the teams are pushed for optimal accountability, deliverance & dealing with constant change in such a fast-paced environment.

Ms Jacqueline Backman, CPO (Chief Performance Officer) at NetRefer, enforces a Performance-Driven Environment across all departments. The aim is to always push for a maximum sense of belonging and all teams achieve their performance through measured delivery.

Quoting Mr Johann Borg’s speech (Acting DevOps Manager), during the Awards’ night itself, “Most organizations aim for the stars only to land on the moon – We are now aiming for the stars and actually landing amongst the stars” and this led to the highlight of the evening, which was the Awards’ Ceremony.

NetRefer was present amongst top leaders within the iGaming Industry, however, the Best Industry Contributor of the Year Award was well-deserved! Within a short timeframe, NetRefer’s team has exceeded expectations and is still striving to reach new objectives and release new products.

Represented by a team of 7 members, a nice mix of recent employees and those more established, the NetRefer team at the MiGEA Awards’ Night had a good time networking with clients and suppliers alike. Look out for NetRefer’s presence in upcoming events.


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: NetRefer Wins Best Industry Contributor Of The Year Award!

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