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Mobinc – Preventing bonusing abuse

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Alex Bolton Casino Manager at Mobinc

With operators reporting a rise in the abuse of promotional offers by players, the cost of such activity to the industry is huge. In this interview, we discover the strategies that are being put in place to prevent the abuse of bonuses, including the use of advanced technologies to address the problem.

 

Is bonus abuse simply a cost of doing business for operators, or a much bigger problem?

When it comes to customers abusing bonuses, in addition to cost, there are also significant concerns present including money laundering and issues related to problem gambling. Addressing one of these inevitably means you mitigate the potential problematic outcomes of the other and so with this in mind, we’ve incorporated tools that identify and combat bonus abuse, which also mitigate possible AML issues. At Mobinc, we take bonus abuse very seriously and are constantly monitoring our brands to ensure that they provide a safe and secure environment for our customers.

How has the problem evolved in recent years and are operators doing enough to combat it?

Bonus abuse is constantly evolving to circumvent the new mechanics, regulations and software that were originally put in place to prevent it. You could compare it to a virus in that it is constantly adapting to circumvent the measures used to prevent previous attempts from succeeding. We have made things harder for abusers by making bonus rules more intricate, altering bonus payouts and blocking high-risk locations, but as an industry we must remain vigilant and share intelligence across what is an ever-changing landscape. By cooperating we can hopefully avoid exposing ourselves to future vulnerabilities.

 

What strategies have traditionally been put in place at a platform level to control the issue and how is new technology improving matters?

We have a variety of strategies in place to combat bonus abuse, such as implementing software which alerts us about the use of multiple accounts, identifying patterns relating to opposite betting strategies, updating our KYC technology, as well as a system which identifies and prevents abusive gameplay. By constantly developing our technology, we’re able to make it harder for abusers to bypass it. It’s crucial for operators to regularly update services with the latest technologies so that the industry can stay one step ahead.

Can operators employing the latest machine learning tech gain an important competitive advantage by getting the problem under control?

Of course, operators are certainly able to supply more attractive bonus offers and ultimately provide a superior experience to customers. However, the landscape is always changing and what may be considered new technology might be considered to be outdated in an alarmingly short amount of time. Therefore, it’s imperative that operators and partners embrace these updated technologies and work closer together to stamp out a problem which costs the industry millions every year.

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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Wizard Games embarks on a spellbinding adventure in Wynmor’s Tales – The Rise

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Wizard Games is ready to deliver magic and mystery in its enchanted new release, Wynmor’s Tales – The Rise.

Players are faced with a 5×4 matrix, situated within an eerie mansion, looking to land mystic items across the slots 40 paylines.

If a spellbook lands on the fifth reel, then all Cash Symbols are collected, paying out magical rewards.

The Orb Treasures Feature ensures cash symbols that land are added to the collect meter if there is no spellbook present. If it fills up, then it can award prizes of up to 2,500x.

When three castle-themed scatter symbols land, the Lock N Spin bonus is triggered. Players are then given three respins where only cash symbols can land. If an entire reel is filled with symbols, then the scroll multiplier atop the reels is awarded.

Wynmor’s Tales – The Rise is designed as the first episode in a sequence of interconnected stories, showcasing Wizard Games’ dedication to expanding its varied gaming repertoire. It joins recent releases such as Surtr’s Fury and Chicken Burst. The provider’s diverse collection of titles now exceeds 150 titles and continues to expand.

Megan Easey, Director of Operations at Wizard Games, said: “Our latest release, Wynmor’s Tales – The Rise, promises magical wins cast through the innovative Cash Collect and Orb Treasures Feature as well as the Lock N Spin Bonus.

“We’re confident that players will love the immersive world of this title and hope it will appeal to a new demographic of players that can be captivated by the mechanics and the graphically advanced nature of our portfolio of content.”

Abhishek Singh, Game Producer at Wizard Games, said: “As well as the stunning visuals and adventurous spirit, the first slot of our latest series is extra special as it includes the face of our brand mascot– Wynmor!

“The sorcerer reflects Wizard Game’s enthralling offering and Wynmor’s Tales – The Rise treats players to an unforgettable experience that will have them on the edge of their seat for every spin.”

The post Wizard Games embarks on a spellbinding adventure in Wynmor’s Tales – The Rise appeared first on European Gaming Industry News.

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Raketech Announces Q1 2024 Results

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Raketech has announced its Q1 2024 financial results.

Q1 2024 Financial Highlights

  • Revenues in Q1 of 2024 totaled EUR 19.0 million (EUR 15.8 million), reflecting an organic growth increase of 20.1% (24.4%), driven by continued strong performance from sub-affiliation partially offset by weaker-than-expected results within affiliation marketing.
  • EBITDA, adjusted for restructuring costs, was EUR 5.1 million (EUR 6.1 million), impacted by a weaker performance in Sweden compared to the previous year and soft performance of the Casumba assets following the Google Core update during the quarter. Other regions and products performed well, with sub-affiliation delivering a strong quarter in terms of EBITDA contribution.
  • Operating profit, adjusted for costs related to re-structuring, amounted to EUR 2.0 million (EUR 3.8 million).
  • Free cash flow before earnouts increased to EUR 6.5 million (EUR 5.6 million) with a positive working capital development from trade receivables.
  • Earnouts settled during the quarter amounted to EUR 13.0 million.

Full-Year Outlook

Current trading, including April, implies an adjusted EBITDA of around EUR 20.0 million for the full year. Free cash flow before earnouts for the full year is estimated to come in just below adjusted EBITDA.

Subsequent Events After the End of the Period

On May 14, 2024, the board decided to withdraw its previously announced proposal to distribute dividends in 2024, in line with its commitment to maintaining financial flexibility and supporting the company’s long term growth ambitions. The primary focus is delivering value to shareholders and continuing to evaluate opportunities to enhance shareholder returns in a way that aligns with the Company’s long-term value-creation objectives.

Current Trading

Revenues in April 2024 amounted to EUR 5.9 million (EUR 5.9 million).

Raketech Acting CEO Johan Svensson said: “In the first quarter of 2024, we delivered EUR 19.0 million in revenues, representing an organic increase of 20.1%, primarily driven by Sub-affiliation. Adjusted EBITDA came in at EUR 5.1 million, while EBITDA was EUR 4.3 million, consistent with our trading update published on 1 May. We remain confident in our market-leading product offerings and see promising growth opportunities through our strategic initiatives in sports offerings, exclusive partnerships, and media deals. These efforts will position us well for continued growth in the coming years, and we remain committed to maximizing shareholder value.”

The post Raketech Announces Q1 2024 Results appeared first on European Gaming Industry News.

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Play’n GO conduct an electrical revolution in Spark of Genius

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Play’n GO pits Woodrow and Jačova against one another in a race against bolts in Spark of Genius.

Play’n GO has an extensive slot portfolio of over 300+ dynamic titles. With the newest addition to the slot roster, the iGaming titan once again channels innovation and quality game design with Spark of Genius.

In this dynamic 6×6 grid slot, players are transported to the dawn of the 20th century, where the clash between industry pioneers Maynard Woodrow and Tess Jačova ignites. Players will harness the power of Resonant Energy and Manifest Energy as these characters vie for dominance over the grid.

Players must the learn the abilities of Tess Jačova and Maynard Woodrow, opening gameplay advantages in the epic quest for scientific supremacy. With features like Gyrota and Relay – this slot’s home to thrilling spins and explosive wins.

This slot has features that’ll make any slot enthusiast’s hair stand on end. The abilities of our two scientists are vital for accessing the Bonus Round, where Tess introduces Gyrota and Dynamo, offering strategic symbol rotations and special connectors for increased winning potential.

Meanwhile, Maynard presents Relay and Overload, obliterating symbols and cascading disruptions. Maynard’s Empire Energy Spin boasts a 2×2 connector – potentially securing players up to 35 Free Spins with surging Win Multipliers.

Spark of Genius seamlessly blends historical rivalries with cutting-edge gameplay and our signature FuseWays mechanics drawing players into intrigue and excitement. Fans of science-driven and sci-fi slots like Dr Toonz and Fortune Rewind will feel right at home with this electrifying adventure.

Games Ambassador at Play’n GO, Magnus Wallentin said: “We’re excited for the fandom to experience the spectacle that is Spark of Genius. This title is a little different, because it uses real-world science to influence the grid slot setup, alongside our signature new mechanic FuseWays which is really cool and something we haven’t done before. From the powerful Empire Energy Spin to character-driven abilities, this slot’s got lots of dynamic quirks we’re sure fans will love.”

With unique abilities, an immersive historical setting and thrilling features – Spark of Genius promises an electrifying gaming experience like no other.

The post Play’n GO conduct an electrical revolution in Spark of Genius appeared first on European Gaming Industry News.

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