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Staffan Lindgren appointed Chairman of the AMGO iGaming Board of Directors

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AMGO-directors Staffan Lindgren appointed Chairman of the AMGO iGaming Board of DirectorsReading Time: 2 minutes

 

The AMGO iGaming Board of Directors was recently extended with two industry veterans as Staffan Lindgren and Temur Mikeladze. Both was woted into the board at the EGM held in April 2019 in Stockholm.

On the first board meeting with the newly established board, Stafan Lindgren was elected as Chairman of the Board.

Staffan Lindgren has been a pioneer in the iGaming industry for a decade and have founded several companies that have established themselves as market leading technology suppliers. He has a profound experience when it comes to making these companies public and have listed companies on the Toronto Stock Exchange and the Exchange in Stockholm. Staffan also holds several Board positions and have completed numerouss M&A’s, so it is a highly experienced capacity that will spearhead AMGO iGaming in the future.

Nicolas Fleiderman, Group CEO of AMGO says: “Staffan is an obvious choise for Chairman of the board. He has a life-long experience in this industry and have build up iGaming companies from the ground. AMGO can draw from his extensive knowledge on a strategic and operational level. His mindset as a entrepreneur also fits the DNA of our company, so I am really excited about the opportunity to work close with Staffan moving forward”.

The board of directors will be joined in Stockholm in June as the next EGM will be held at the 27th of June.

Staffan Lindgren, Chairman of the AMGO Board states: “This is an amazing challenge and I personally look forward to the journey that is just started. It is always an hounor, when industry peers ask you to be the Chaiman of the Board and I will do my best to develop and grow the company. The foundation is in place and with the latest M&A’s that AMGO are engaged in, I foresee a positive future”.


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: Staffan Lindgren appointed Chairman of the AMGO iGaming Board of Directors

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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Oregon Lottery Shares its Expectations in Sports Betting

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3-12 Oregon Lottery Shares its Expectations in Sports BettingReading Time: 1 minute

 

The Oregon Lottery, which will be in charge of running sports betting in the state, has shared its sports betting expectations. The Lottery said that it expects to generate US$141.2 million in revenue.

The estimations are part of an analysis of the first three years after the launch of its SBTech-powered retail and mobile sportsbook, which was signed last month. The Oregon Lottery said that it will launch mobile sports betting soon.

The Oregon Lottery published projections for the sports betting market and said that total handle over the first three years of operations will total US$1.6 billion. The first year of operations could bring US$332.8 million, while the second would rise to US$555 million and US$722 million by the third year.

The Lottery also said that it expects customers to win around US$306 million in the first year, US$507.4 million in the second and US$656.2 million in the third. This means that the Lottery expects winnings to total US$1.5 billion after three years.

Gross gaming revenue (GGR) would stand at US$141.2 million. It would start at US$26.6 million in the first year of the contract and then increase to US$48.5 million in the second year and US$66.1 million in the third year.


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: Oregon Lottery Shares its Expectations in Sports Betting

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State Duma Approves the Bill to Simplify Customer Registration of Russian-licensed Online Sports Betting Sites

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2-12 State Duma Approves the Bill to Simplify Customer Registration of Russian-licensed Online Sports Betting SitesReading Time: 1 minute

 

Russia’s lower legislative body has approved the bill to simplify the customer registration process for Russian-licensed online sports betting sites.

State Duma has approved the third and final reading of federal law 423799-7, which will dramatically simplify the customer registration process. To take effect, the bill now requires the approval of the Federation Council and Vladimir Putin’s signature.

The bill explains that the “complex duplicate identification procedures” currently required to register with a Russian online bookmaker “encourages players to search for ways to overcome government measures … in order to gain access to foreign sites subjected to blocking by [Russian telecom watchdog] Roskomnadzor.”

The new legislation would allow bookmakers to delegate responsibility for customer identification to the TSUPIS, which will have three business days in which to transfer the info to the bookie. However, bookmakers may opt to conduct some due diligence on any new customer, just to be on the safe side.

If a bettor has already registered with Russia’s public services portal, both the bookmaker and the TSUPIS can accept this information as proof of the customer’s identity, so the customer need not make a physical trip anywhere.

There are some downsides to the simplified registration process, including a cap of RUB60k per individual transaction and a monthly cap of RUB200k for all transactions. However, this monthly cap can be overridden if the player verifies his document at TSUPIS partner’s retail location.

Nikolai Oganezov, who represents Betcity told that the new simplified registration could boost the overall domestic online betting customer base by 5% this year, with the growth up to 15% possible by the end of 2020.


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: State Duma Approves the Bill to Simplify Customer Registration of Russian-licensed Online Sports Betting Sites

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Maine Legislature Passes Sports Betting Bill

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1-12 Maine Legislature Passes Sports Betting BillReading Time: 1 minute

 

Maine legislature has passed the sports betting bill. The Legislative Document 553 was given final approval by each chamber of the legislature and will now pass to Governor Janet Mills to be signed into law.

LD553 opens up the market to all of the state’s bricks and mortar gaming venues, such as commercial racetracks, off-track betting facilities, and commercial and tribal casinos. It will also allow mobile operators to apply for licences without the need for a land-based partner in the state.

Successful applicants will have to pay $20,000 as licence fee, 10% tax on land-based wagering revenue and 16% rate for mobile wagering. The bulk of revenue raised through these taxes will be allocated to the Maine General Fund.

Operators will be permitted to offer odds on all professional, collegiate and amateur sports events. Betting on events involving Maine-based colleges and universities will be prohibited. Only citizens aged 21 and above will be allowed to bet.


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: Maine Legislature Passes Sports Betting Bill

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