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“It is going to be a slow process – but great things take time”: Exclusive interview with R Franco Digital on the return of sports betting in Spain

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Mario-Benito “It is going to be a slow process – but great things take time”: Exclusive interview with R Franco Digital on the return of sports betting in Spain
Mario-Benito-1 “It is going to be a slow process – but great things take time”: Exclusive interview with R Franco Digital on the return of sports betting in SpainReading Time: 3 minutes

 

After notching up a series of high profile deals with the likes of Dafabet and BetConstruct, we sat down with R Franco Digital’s Chief Commercial Officer, Mario Benito to talk Spain’s return to sports betting and his outlook for the market as the lockdown is lifted.

R Franco Digital has certainly signed a couple of notable deals recently, can you give us the lowdown? 

It has been a busy few weeks as we get back on track in Spain! All in all, we’ve already signed agreements with several of the Spanish market’s leading tier one operators and will be announcing additional partnerships in further markets in the very near future.

Key to this has been our industry-leading portfolio of supporting products; including our IRIS Platform, as well as our Wallet, online games and renowned IRIS Power Vault – developed in tandem with the Spanish regulator, the DGOJ.

In terms of what we’ll be doing, R Franco Digital will be providing three major international operators with these tools to enter the Spanish market – as well as signing a succession of aggregator partnerships to further boost the reach of our fantastic collection of games.

We’re also expecting plenty of developments on the LatAm front (which is our second home), as well receiving our MGA Critical Gaming Supply licence in the very near future.

Is this a vote of confidence for the Spanish market returning to normal? What’s happening on the ground there? 

There’s no question that the entire industry has felt the impact – with Spain (as you may have seen from the headlines) being no different. Given the need for entertainment under lockdown, there has been a considerable uptick in iGaming, despite the Spanish government’s two-month suspension on promotional activity.

Since the resumption of Europe’s most popular sporting tournaments, the sports betting vertical is gradually returning to full strength, although this process will not be complete until the new season. Given our home market is both dynamic and resilient, we are confident that the commercial landscape in Spain will return to its pre-COVID trajectory soon enough.

Having said that, land-based will likely take longer to re-emerge to full strength given it has received the brunt of the impact from COVID. To persevere, operators who have not already done began to diversify through digital channels. We set up R Franco Digital a decade ago with this role in mind – and it’s certainly proved instrumental for our local partners during this time.

What do you forecast for the first few week’s betting activity once La Liga has returned? 

The resumption of Europe’s top football leagues, particularly La Liga, have seen dormant sports bettors return to the vertical en-masse. However, I do not believe activity will revert to its previous level until the new season begins. The numbers certainly back this up, and from what we’ve seen so far, the total amount wagered in the Spanish market has fallen by 40% compared to the week before La Liga was cancelled.

Plenty has been said around the cross-sell between sportsbook and casino in the past few months – has it rang true in Spain?

It’s been invaluable – and for many operators, turned from a promise to a reality. However, we shouldn’t get too carried away with the hype; we have not seen a whole legion of sports betting fans converted to slots in three short months.

To build a pandemic-proof portfolio, operators (and platform providers) need to take a long, careful look at what disciplines lent themselves well to sports bettors betting behaviours during lockdown (such as live casino) and capitalise on it moving forward.

What other alternative sporting markets have proven popular during the lockdown?

The most successful markets have been Table Tennis, and football leagues in more ‘exotic’ countries such as Belarus, that did not see their sporting calendar hindered by lockdown. Esports and virtuals have also experienced a similar spike activity as sports betting enthusiasts look to get in on alternative entertainment, although these disciplines are likely to attract a more niche type of player, especially in the case of esports, which has become a bastion of the millennial demographic.

And finally – how fast do you see retail betting returning in Spain? 

It is going to be a slow process – but great things take time. The decision to re-open now falls under the mandate of Spain’s regional authorities, and it will be at their discretion. We can see this happening in real time – as although the state of emergency has ended, not every region has yet allowed betting shops to reopen. Along with land-based casinos, retail is by far one of the most severely affected sectors of the market, and I anticipate it will be a long road to recovery for many that had to endure three months of closure. Of course, we’ll be there to help.


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: “It is going to be a slow process – but great things take time”: Exclusive interview with R Franco Digital on the return of sports betting in Spain

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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Belgium Implements Capacity Limit for Land-based Gaming Venues

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6-11 Belgium Implements Capacity Limit for Land-based Gaming Venues
6-11-1 Belgium Implements Capacity Limit for Land-based Gaming VenuesReading Time: < 1 minute

 

The Belgian government has published a new decree limiting the capacity at land-based gaming venues in the country to a maximum of 40 people as the number of Covid-19 cases increases.

Also, casinos, gambling halls and betting shops must remain closed between 11:30 pm and 6:00 am, and upon arrival, customers must register their details for contact tracing.

The sale of food and drink onsite is prohibited, and customers are also obliged to wear masks, a rule which has been in effect in all public places in Belgium since July.


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: Belgium Implements Capacity Limit for Land-based Gaming Venues

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Playtech Extends Greece Footprint with Novibet Deal

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5-14 Playtech Extends Greece Footprint with Novibet Deal
5-14-1 Playtech Extends Greece Footprint with Novibet DealReading Time: < 1 minute

 

Playtech has announced the launch of its Casino and Live Casino software with Novibet. This multi-market deal sees Novibet initially adding a dedicated Playtech Casino tab and Live Casino offering in Greece, with the UK and Italy to follow shortly thereafter.

“We’re delighted to expand our game offering with Playtech to bring its industry leading content to our wide-ranging audiences. We look forward to developing this partnership further as we continue to grow our content offering,” Nikos Olympitis, General Manager of Novibet said.

“We are delighted to partner with Novibet, one of the industry’s leading operators. Novibet continues to grow in Greece and across Europe and now its players can enjoy our industry leading Casino and Live Casino content. Our scale and distribution is a powerful offering for potential partners, and this is a great example of our commitment to partnering with fast growing companies in fast growing markets,” Yori Arami, Commercial Director of Playtech, 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: Playtech Extends Greece Footprint with Novibet Deal

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Yokohama Mayor Fumiko Hayashi Says She Would Respect IR Referendum Results

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2-10 Yokohama Mayor Fumiko Hayashi Says She Would Respect IR Referendum Results
2-10-1 Yokohama Mayor Fumiko Hayashi Says She Would Respect IR Referendum ResultsReading Time: < 1 minute

 

Fumiko Hayashi, the mayor of Yokohama city, has committed to respect the results of a public referendum that will decide whether the city will compete to host an integrated resort.

The mayor said: “If the referendum as to IR takes place and the majority votes for opposition, I would act as in accordance with the results.”

Opponents campaigning against the IR plans collected voter signatures to trigger a referendum on the issue. A bill to permit the referendum will be submitted to the city’s council early next year.

On October 13, authorities in Yokohama announced a fresh request-for-concept (RFC) phase for its proposed IR bid to take revised proposals from potential private partners following the central government’s publication of its basic policy document on IR. This RFC will run until the end of November.


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: Yokohama Mayor Fumiko Hayashi Says She Would Respect IR Referendum Results

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