Connect with us
Atlaslive is a robust, scalable, and reliable igaming platform that supports the growth of our partners’ business by ensuring 99.9 percent uptime, one of the best in the industry.

Latest News

New study shows potentially alarming link between military service and gambling disorder

Published

on

Reading Time: 3 minutes

 

  • Research carried out by University of Nevada, Las Vegas (UNLV) and Bowling Green State University reveals rate of problem gambling among active duty military was 3.5 times higher than among civilians
  • Rate of problem gambling among active duty military was 68.6% compared with 18.7% among civilians
  • Of the 102 active duty personnel who completed the survey, 70 screened positive for problem gambling

At yesterday’s International Center for Responsible Gaming (ICRG) Conference on Gambling and Addiction in Las Vegas, Shane W Kraus, Ph.D., Department of Psychology, UNLV, and Joshua Grubbs, Ph.D., Bowling Green State University, revealed a potentially huge and alarming discrepancy between problem gambling amongst the military community compared with civilians.

With research scarce in this field, Dr. Kraus’ research was funded by behavioral health expert Kindbridge Research Institute (KRI) to analyze data from a large, sample of military personnel, representing one of the first longitudinal studies of gambling in this group.

The study of 3,050 US civilians, veterans and active duty military showed the rate of problem gambling among active duty military (68.6%) was 3.5 times higher than among civilians (18.7%). While the sample of 102 active duty service members who completed the survey was relatively small, 70 of them screened positive for problem gambling.

Following his presentation on Monday, Dr. Kraus, said: “Our findings suggest that more comprehensive research is needed to fully understand how widespread the issue of problem gambling is among active duty personnel. Current trends in the data suggest there could potentially be many service members with unmet treatment needs for problem gambling.”

KRI is leading the drive for greater awareness, research and treatment for US veterans suffering from gambling disorder via its Military Research Associate Program (MRAP), which assists veterans transitioning from military service to advanced training in mental health treatment and research, and its 50x4Vets project, whose goal is to increase the rate of research on treatment for veterans with gambling disorder by 50-times in the next four years.

This research was supported by donations to KRI from DraftKings and Playtech. The data was collected as part of funding awarded to Drs. Joshua Grubbs and Shane Kraus for their work on sports betting from the ICRG.

Commenting on Dr. Kraus’ findings, Nathan D.L. Smith, PhD, Executive Director of Kindbridge Research Institute, said: “This really is a ‘canary in a coal mine’ moment. Because of the sampling method and small sample size, the rate of problem gambling in this sample cannot be generalized to the wider active duty military community. However, the significant rate of gambling problems in active duty military is a major red flag and larger, more representative studies of active duty military are now vital to determine what the true rate of gambling disorder is in this population.”

The US Department of Defense (DoD) operate over 3,000 slot machines on overseas bases that produce over $100 million dollars of revenue each year. A recent review of the responsible gambling policies mandated by states and the DoD by KRI placed the DoD worst out of the 36 jurisdictions with legal slot machine gambling.

Dr. Smith said: “Our review concluded that the DoD requires only one of the ten responsible gambling policies recommended by the American Gaming Association, while the average number of responsible gambling policies required in the other 35 states was just over seven.”

Another major issue facing military personnel suffering from gambling disorder is seemingly a discouragement from seeking help.

Dr Smith added: “Active duty military seek help for problem gambling at significantly lower rates than the civilian population. The reasons for this are likely complex, but a major factor may be that active duty military can face consequences in their career, including discharge, if they report a gambling problem to military medical staff.

“People with untreated gambling problems can get caught in a destructive cycle of negative feelings and gambling to escape those feelings, which leads to more negative emotions. In a situation where treatment is not available, these harmful spirals can cause significant damage to a person’s home life, career, mental health, and finances.

“In severe cases, a person in a negative spiral can exhibit suicidal behavior. In fact, in one study, 40% of US veterans receiving treatment for gambling problems reported a suicide attempt.”

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.

Continue Reading
Advertisement


MARE BALTICUM Gaming & TECH Summit 2024
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Latest News

HIPTHER’s European Gaming Congress 2024 Extends to a Two-Day Spectacle at a Stunning New Venue

Published

on

Reading Time: 2 minutes

 

HIPTHER, the leading conference organizer and parent company of renowned online media outlets for GameTech industries, is excited to announce an extended two-day Agenda to come, and a stunning new location for the European Gaming Congress 2024, at the prestigious Polonia Palace Hotel in Central Warsaw.

 

History and Expansion: Compliance, Operations, SEO & Marketing

HIPTHER’s European Gaming Congress (EGC) boasts eight years of success as a dynamic platform for networking, collaboration and growth for iGaming Compliance and Technology.

Our 2024 event, embracing the “Via Infinita” guiding principles, promises to be even more impactful, expanding its Agenda and focus from Compliance to Operations, SEO and Marketing for iGaming and Technology industries.

#Hipthers are thrilled to bring together compliance experts, regulators, and gaming professionals, uniting the gaming industry with blockchain, AI, and fintech, offering a platform for networking and growth.

In order to successfully host this insightful bouquet of expertise, excellence and innovation, HIPTHER expands the standard one-day EGC Agenda to a buzzing two-day Conference Program fostering growth and offering a variety of quality networking opportunities.

The European Gaming Congress (EGC) 2024 will take place on 15-16 October 2024 in Warsaw, Poland. Early Bird Tickets are Available until 10 July 2024 – Get Yours Now!

 

New Venue: Historical Charm and Modern Elegance Meet the Future

The cutting edge themes of the Congress and the future of Gaming meet historical charm and comfort at the prestigious Polonia Palace Hotel. Centrally located, just opposite the Palace of Culture and Science, it is close to street shopping, train station, tourist sites, restaurants and a large shopping centre.

Between 15-16 October 2024, at the Polonia Palace Hotel, #hipthers will be hosting C-level executives, compliance experts, government officials, and professionals from the iGaming, eSports, Blockchain, Artificial Intelligence, Fintech, Virtual/Augmented/Mixed Reality sectors, and many more who will be ready to share their knowledge and connect with you!

 

Sneak-peek to the Future: First Speakers Confirmed!

The first group of expert Speakers for European Gaming Congress 2024 has been confirmed!

Get ready to gain valuable insights and connect with industry luminaries such as:

  • Adam Lamentowicz, CEO of the Polish Gaming Chamber
  • Marek Plota, Founding Attorney at RM Legal & Gaming In Poland
  • Piotr Dynowski, Partner/Attorney at Law/Head of IP/Media/Tech&Comms Practice at Bird & Bird Poland
  • Andreea Dobre, Senior Manager Internal Audit at Greentube
  • Rebecca Liggero Fontana, Reporter, Producer & Host at COINGEEK
  • Jevgenijs Ravdins, Communications & Marketing Manager at MightyTips
  • Aleksandra Ossowska, Managing Partner at FinLegalTech
  • Stanisław Szostak, CEO at Astral Forest
  • Justyna Grusza-Głębicka, Law Firm Justyna Grusza-Głębicka
  • Alexis Wicén, CEO & Founder at Unibo and Scatters Group

And more – Stay tuned for more exciting Speaker and Agenda Updates!

Save the Date & Book your Seats: We look forward to welcoming you at the premier European Conference for iGaming Compliance and Technology!

Learn More about the European Gaming Congress

The post HIPTHER’s European Gaming Congress 2024 Extends to a Two-Day Spectacle at a Stunning New Venue appeared first on European Gaming Industry News.

Continue Reading

Latest News

EveryMatrix hits 16-year quarterly high

Published

on

Reading Time: 3 minutes

 

EveryMatrix has smashed its historical quarterly high with continued strong revenue growth and profitability hitting a new record. 

Announcing Q1 2024 results, the industry’s fastest growing iGaming technology provider had quarterly net revenue of €39 million across all products, growth of 66% Year-on-Year (YoY), while also setting a quarterly profit margin record of 57% – its fourth consecutive quarter with both growth and profit margin above 50%. 

Q1 2024 EBITDA rose to €22.3m, up 111% YoY. 

The record quarter comes just three months after EveryMatrix registered the strongest financial results in its history. 

STARTING THE YEAR IN STYLE 

The EveryMatrix financial year is underway in style, driven by large value client signings, multiple new client launches across all the company’s core business units, strong sports trading and innovation and continued growth in casino. 

EveryMatrix was among the first wave of iGaming technology providers to gain regulatory accreditation in Peru, while it made further progress in the US launching its first casino aggregation partner with third-party content live on DraftKings in New Jersey. 

The tier-1 supplier also hit a significant post-period milestone reaching 1,000 employees across 13 global locations, with its largest purpose-built office opening its doors to 450 personnel in Bucharest, Romania and a new office launched in Cebu, Philippines, dedicated to focusing on DeepCI data products. 

CASINO AND SPORTS CONTINUE TO SHINE 

EveryMatrix quarterly Gross Gaming Revenue (GGR) performance for operator partners within the Casino segment generated a record quarterly performance of €619m in Q1 2024, up 65% YoY with GGR for the last 12 months at €2.1 billion, a 78% YoY increase. 

Quarterly casino net revenue rose to €19.9m, up 83% YoY while EBITDA reached €13.2m reflecting a 132% YoY increase. The SlotMatrix aggregation product introduced 886 new games. 

The OddsMatrix sports division saw turnover rise 31% YoY to €1.3bn, with GGR climbing 308% YoY to €96m. Net revenue for Q1 2024 reached €10.5m, up 78% YoY, while EBITDA hit €6.2m, reflecting a 313% increase. 

OddsMatrix covered a record 173k live events in a single month. The average monthly number of bets placed reached 39m. 

Platform saw quarterly net revenue reach €7.3m, up 28% YoY, with EBITDA at €3.2m, up 13% YoY. The EveryMatrix Player Account Management (PAM) system hit a massive new record of 230k bets per minute at peak times. 

The Affiliate Platform division, including PartnerMatrix and DeepCIsaw net revenue grow to €1.4m during the quarter, up 39% YoY, with EBITDA down €0.4m due to continued product and commercial investment. DeepCI added 22 further geos to its offering and signed 14 new clients, while PartnerMatrix signed 15. 

Ebbe Groes, Group CEO of EveryMatrix, said: “It’s been more than a year of the company breaking records and hitting new highs, and this quarter has been the best yet. 

“It’s mind-blowing how far we’ve come and how much progress continues to be made across the entire business. From casino, sports and platform that are all showing extremely positive signs of sustained growth and expansion, to our affiliate, payments and live casino divisions that are pushing the boundaries of technology and paving the way for future success, we’re in a fantastic position for the remainder of 2024 and beyond. 

“Watch this space as there is plenty more to come from EveryMatrix this year!”

Q1 2024 HIGHLIGHTS 

  • Among first wave of B2B technology providers to gain regulatory accreditation in Peru 
  • Signed a turnkey customer estimated to deliver more than €3m annual net revenue 
  • Live on DraftKings in New Jersey with first US casino content aggregation partner – Supremeland Gaming Inc 
  • Launched game content with Entain (BetMGM), Golden Nugget Online Gaming and DraftKings 
  • 886 new games on SlotMatrix aggregation platform bringing total to 27,825+ games 
  • Integrated seven new casino vendors bringing total to 158 
  • In-house games studio Armadillo Studios launched several games including Alice’s Mad Fortune, Shamrock Surprise, Gummy Galaxy and Paws & Claws 
  • Released 30+ new betting types across multiple sports 
  • Signed 15 and 14 new PartnerMatrix and DeepCI clients respectively 
  • Increased total company headcount post-period to 1,000+ including opening an office in Cebu, Philippines focusing on DeepCI products 
  • Four new senior hires in Q1 including CEO MoneyMatrix, CEO PlayMatrix, CCO PlayMatrix, CCO PartnerMatrix 

The post EveryMatrix hits 16-year quarterly high appeared first on European Gaming Industry News.

Continue Reading

Latest News

EvenBet Gaming sharpens anti-fraud capabilities to combat growing rise of poker bots

Published

on

Reading Time: 2 minutes

 

Global developer commits to providing a transparent player experience amid growing trend

EvenBet Gaming, a leading developer of online gaming software and solutions, has reinforced its anti-fraud detection technology to combat the rise in AI-powered bots and align with stringent anti-money laundering (AML) policies.

The increase in machine-learning technology sophistication has resulted in AI bots becoming harder to identify within the global gaming industry, posing huge financial and reputational risks to operators and affecting the transparency of the player experience.

To combat this escalated risk, EvenBet has introduced rigorous measures that can pinpoint potential bots with up to 99% precision, including Fingerprint JS Pro technology, multiple anti-fraud verification processes, and behavioural analysis procedures.

This includes cutting-edge in-game player inspection during poker rounds, monitoring several factors such as hand strength, potential knowledge of opponents’ cards, session duration, location, and jackpot hunting or tournament endgame dragging. Each factor is then compared to normal player behaviour to calculate the likelihood of AI-powered bots in poker rooms.

EvenBet has also supplemented its registration process with further Know Your Customer (KYC) checks, implemented to tackle the 112% and 184% growth in identity theft and synthetic identities respectively. The leading developer utilises temporary email identification techniques and assesses potential email forwarding and re-login attempts to ascertain the risk of a new sign-up.

The improvement of existing technology and the addition of new measures analyses risk from the moment of registration and monitors behavioural factors throughout the player journey, demonstrating EvenBet’s dedication to eliminating AI bots, complying with rigid AML guidelines, and providing the optimal gaming experience.

Dmitry Starostenkov, CEO at EvenBet Gaming, said: “With the rapid development of artificial intelligence in the 21st century, it has never been more important to stay ahead of the curve with regards to anti-fraud processes.

“EvenBet continues to develop and implement the latest anti-fraud technology to ensure our platform remains a trusted industry leader providing an entirely transparent user experience.”

The post EvenBet Gaming sharpens anti-fraud capabilities to combat growing rise of poker bots appeared first on European Gaming Industry News.

Continue Reading

Trending

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.