Posts made in May, 2016

AGEM organization joined by Bet Construct

AGEM organization joined by Bet Construct

An announcement by from BetConstruct confirmed that Association of Gaming Equipment Manufacturers (AGEM) through its board of Directors that there was a unanimous agreement for it be a member of the association. BetConstruct is now a member of the association which is nonprofit and deals with representation of suppliers as well as manufacturers of electronic gaming devices, key components, table games, systems support products and services and online technology all for that are designed for the gaming arena.

BetConstruct through their Chief Executive Officer, Vahe Baloulian, said that they were honored that they had gotten a unanimous vote, into them joining the association that they considered stemmed and plays an important role in helping active and relevant players in the industry come together. He further added that the Association of Gaming Equipment Manufacturers was in the front line in providing great services to the members and help is solving issues that are faced in the industry in the day to day endeavors. Baloulian said that they were glad for the move and were eager to work with other members in the Association.

AGEM also showed its enthusiasm of BetConstruct joining as a member of the association. Through the words of Marcus Prater, AGEM’s Executive Director. He said that they were glad to welcome BetConstruct in their fraternity at a time that was crucial for suppliers around the world and together they would help deal with the day to day issues facing the industry as a whole. He added that having an association with AGEM is of great importance for companies that were trying to establish themselves in the industry of gaming that is tied with many rules and regulation. Prater said that BetConstruct will for sure benefit from the wide advantages and benefits that comes as being a member of the Association.

AGEM, which is based in the United States, said that they were working to address issues that were being faced by the gaming companies as well us furthering gaming equipment supply all across the globe. They were working to achieve this through trade show partnerships, political action, information dissemination as well as good corporate membership.

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Pride and Passion of Ladbrokes to be restored by Mullen

Pride and Passion of Ladbrokes to be restored by Mullen

Jim Mullen, the current Chief Executive Officer of Ladbrokes, said that he wanted to restores the companies pride and passion of being the go-to company when it comes to sport betting across the globe and in all what it does. He did this as he was announcing the company’s business review that in a way had been delayed. In his merger on Ladbrokes deal with Coral, Mullen showed his plans that he had for the development of Ladbrokes of which he seemed to have set in place since he took over the Bookmaker’s leadership as the CEO at the start of the year.

He had a three year plan laid out for the bookmaker which include a campaign that was market oriented. Some of the plans set in the campaign include; a growth in the United Kingdom market in the Digital recreational sportsbetting customer base and would achieve these through direct marketing and intense branding, they would plan to achieve an accelerated growth and build a digital scale.

In the campaign also they plan to increase on the football retail across the UK and would do this through marketing, increased sponsorship and also selective improvement to fabric which would help to increase the company’s revenue. He also added in his campaign a plan to deliver a revenue growth across all channels from the Digital customers to the UK retailers and would achieve this through relevant offers and systems, retail staff training for the in shop avenues and also using incentives.

With the detail plan, Mullen further added that the program in place was planned to grow Ladbrokes as a whole in the Retail shops in the United Kingdom, through the Digital spectrum and also the Australian customer base. Through all this, his main goal was restoring Ladbrokes pride and passion on being at the heart of betting on sports in cultures.

He further added that this was an untapped resource and opportunity for the Bookmaker that would help the company grow to even higher scales. Through this Ladbroke would grow by 11% on the retail level alone not accounting for the online customer base. He said that their Australian business is a goldmine as it was showing rapid growth and much enthusiasm on sportsbetting and with continued support and innovation much is expected from this.

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Sport betting to be a game of skill as agreed by ESPN-DOJ and NFL

Sport betting to be a game of skill as agreed by ESPN-DOJ and NFL

Soon sport betting will be considered a ‘game skill’ if it is legalized in the United States. ESPN, a US sport network has revealed that the NFL and the Department of Justice, through legal documents that they are considerations to make sport betting a ‘game of skill’. The definition from both these two parties may be of importance in giving the distinction that would help determine whether sport betting will be made legal in the United States.

This document came into light when it was discovered by the biggest sports broadcaster, ESPN, as they were searching through public records. This game changing definition was outlined by the lawyers that stood in for NFL alongside Loretta Lynch who is a US Attorney General.

The earlier definition that determine the ‘Games of Skill’ is according to 2006 UIGEA law. This has been used for those who oppose sport betting on the grounds that despite the fact that some skill may be involved. When it comes to sport betting just like any betting activity the element of chance plays a greater role in determining and influencing the outcome.

Attorney General Lynch in 2013 noted that Sport betting involves some skill by the bettors but despite this Sport bettor would decide to exploit on the odds that would not reflect necessarily reflect on the outcomes of the games. This superior knowledge would effect on the mind set of those wagering and influence on the decisions they would make on the bets.

US betting advocates will be surprised by the news that ESPN have disclosed. This is because the NFL have always against sport betting being legalized. They were the first to be against sport betting being legalized in the State of New Jersey for the whole of 2014. Roger Goodell told the media in April that the NFL where still opposing the sport betting which where contrary to the words of Adam Silver who urged the senate to set up a legal framework that will allow and legalize sport betting.

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£50 Million Prem Predictor competition launched by William Hill

£50 Million Prem Predictor competition launched by William Hill

With the start of the new premiership football season around the corner, William Hill has made an announcement of a £50 million jackpot in the Prem Predictor. This would be on for grabs among their customers and would in a way draw new punters to this renowned bookmaker.

On the jackpot, players and customers of William Hill will be required to place a correct prediction on the positions for all the 20 Premier League clubs in the table and with win £50 million. There is a price of £2 that is charged per prediction and a maximum of 250 entries per individuals and the whole competition allowing a maximum of one million entries.

The UK bookmaker has plans to boost their marketing and reach many customers. Punters will be allowed to access the betting website and the Prem Predictor feature that would apply through the digital spectrum through TV verticals and mobile phones. With this they hope that this feature will be able to reach many of their customers at the comfort of their homes.

William Hill made an official statement on the release of this new feature and in it they said that with the new feature they were giving their customers a chance to win the £50 million. But in an addition to this a customer or customers who will have the most right prediction by that time of the season will stand a chance to walk away with hundred thousand euros. In the event that there will be more than one entry with the same number of predictions then the amount will be shared equally among them.

In addition, if at the end of season there are more than one successful predictions and their entry then the amount will have to be equally shared among the customers with the successful predictions. But if there is no successful prediction on the jackpot then there is no winner on the £50 million. However there is a consolation price that will be offered by William Hill on those who made the most successful entries. The amount of the consolation stands at £100000.

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Russia mulls easing restrictions on sports betting advertising

Russia mulls easing restrictions on sports betting advertising

In making betting public across Russia as well as acquiring more clients, the Russia’s Communication Ministry has put in place the 24 hour advertisement on various betting sites and bookmaking offices in the nation. This is a new bill that was tabled to the parliamentarian and is expected to go through as betting will form a basis of revenue for the Russian Government through taxation.

This new bill that is to be tabled will act as an amendment clause to the Article 27 of the Law on Advertising. This amendment will imply that betting and bookmaking office advertisement will be made throughout the day across the nation. Nevertheless, the Government will take full control of the advertisement and will in turn incorporate stern rules and terms that would avoid any bias or exaggeration of the advertised product. Hence, the products to be advertised will be put on check.

One of the main restrictions to be incorporated would involve being on the lookout especially to those adverts that would focus mostly to the under age or those who have not attained the betting age. It will also make sure that the betting agents do not put more pressure on wagers to make them see it as a way to earn a living. This means that the adverts will avoid inflating winnings which would be hazardous to some bettors.

These advertisements on gambling are scheduled to be staged via TVs, Radios, printing media, at various facilities that offer sports as well as physical fitness, online advertising and also in various buildings where an array of activities takes place. On the other hand, these adverts are banned in airports, rail station, metro stations or any other related fields.

The to be amended Article 27 of Law on Advertisement implied that these adverts would only be made via TVs and radios. On other platforms such as areas of interests like gyms, the adverts were time restricted only from 10 p.m to 7 a.m.

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