Posts Tagged "Casino"

Final Contenders of the LaunchPad Announced by EiG 2015

Final Contenders of the LaunchPad Announced by EiG 2015

The 8th EiG Start-up LaunchPad competition is set for the 22nd day o November at the Arena Berlin and will incorporate subjugated tendencies in sports trading technology, anti-fraud, casual gaming as well as eSports.

This event is held two times every year in the Clarion flagship events; EiG in Berlin and the GiGse in San Francisco attracts the participation of prominent firms such as the Imperus Technologies (buyer of Diwip and Akamon), NumberFire (acquired recently by FanDuel), BlueBat Games (acquired by Novomatic) and Element Wave (now an established mobile solutions provider).

The event is organized by an association with the GamCrowd and since its initiation it has included a panel of judges from the iGaming segment. Among them includes; Evan Hoff from Velo Partners, Ian Hogg from GamCrowd and Mark Blandford from Burlywood Capital. Moreover, of late it has included investors from various global firms such as Revenue Engineers, Found Fair Ventures and Partech Ventures who together forms the questioning group to the attendees of the competition.

The final list of the participant to the event who would be in search of a glorious award winning are; Dupzadder a company that specializes in perceiving fraud among clients who may have several identities or accounts, Stratagem Technologies a company that eyes pro traders as well as investors in opening up sport trading value, eSportsPolls.com (ESP) the creator of tedbets.com which gives clients a resourceful analysis of fantasy league games, Casino VR a multi casino stage that encompasses several games and knowledge and Skillzzgaming a new platform in real money betting that gives clients time to play in their passionate games.

The selection criteria involves through examination on various global firms that submitted their applications between April and August. The selecting team comprising of chair Melissa Blau from iGaming Capital, Clarion’s Ewa Bakun, and Chris North from GamCrowd claimed that the selection criteria has been so stressing provided that all the applicants had qualified with flying colors and this formed a hard decision in choosing and leaving others. Nonetheless, the three selecting panelist were able to come up with five main contenders for the main prize. They claimed that it was their hope that the winner of this year’s event would have a greater future ahead.

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Casinos incorporate more payout slot machines

Casinos incorporate more payout slot machines

Several gamblers have claimed that outdated slot machines have had a grip of their money and are not paying out to their maximum. This has made most of them avoid these slots and opt for table games. However, to curb this phenomenon, casinos in Las Vegas have incorporated new slot machines that come along with enticing features such as virtual roulettes and digital spin wheels that pay handsomely.

It has been reported by the Association of Gaming Equipment Manufactures that most casinos in the US have been keeping the cash waged by bettors more onto them unlike they give out payouts. This has prompted gamblers to walk away from these machines which in turn have rendered income decrease. Statistics have shown that in Nevada, the number of machine dedicated for slot and video card-game have decreased by 15% to record at 152,263.

Another thing that can return back slot bettors back is the incorporation of the skill. The gaming industry should appeal their players to have a challenging hunger that has skills as a basic point of view. This move has been initiated by Nevada which has allowed a player’s skill be fundamental in giving in a win.

Some casinos such as MGM Grand have their floors expanded to create room for dealer-less table games that includes roulette, craps and baccarat with a stadium seating style.

Despite these innovations, the casinos have not bid goodbye to traditional slots and for the sake of traditional betting lovers, they have beautified them with famous movies and TV shows. The IGT has claimed that it will debut its new slot games namely; “Breaking Bad” and “House of Cards”.

Nonetheless, slots income has accounted for a 61% totaling to $11 billion in the 2014 fiscal year.

Another thing that could boost slots revenue is the aspect of gamblifying games. For instance, the Downtown Grand casino hotel has incorporated a sandwich situated between two bars with one being paying attention on craft beers. There will be a big screen where spectators have the opportunity of watching other gamblers who will be battling out to win some cash. The hotel also claimed that it is making proper preparation for the initiation of its own e-sports event such as “icing on the cake”.

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Betting Technology Key in Income Generation in Asia

Betting Technology Key in Income Generation in Asia

Of late Macau has propelled in the gambling industry and with no time, experts believe that it will surpass both Las Vegas and Atlantic City. The nation provides gamblers with a wide variety of gaming floors with new complexes. The gaming experience in Macau is brought about by live casino that takes place on a studio purposely built for it and incorporates games such as blackjack, roulette; sic Bo tables as well as baccarat. Online casino betting in the nation can be done visually, via PCs, laptops, smartphones or even tablets.

The new technology has incorporated use of video footage with two cameras. One is focused on the actions of the dealer while the other covers the top of the table. These images are wired to server room where they are streamlined live through internet where gamblers are in wait. The online gaming also incorporates server software which enables player to access and send vital instructions to the game controller more often in placing bets as well as calculation of the payouts.

The server has a monitor which is directed to the dealer who sees the bigger wins of clients as well as informing him or her if there are additional clients in a game. For blackjack, the server indicates the action a player wishes to undertake during the play.

In Makati City of Philippines, live casinos studios are almost in every corner of the town. There are two major buildings- the RCBC Plaza and the PBCom Tower which houses over six betting firms among them Novenix, Playtech as well as EntwineTech.

With increased gambling in Asia, the benefits are ripped by companies in the continent. Among these beneficiaries includes Opus Gaming based in Philippine, a corporation that specializes in casino softwares, sportbooks, in play options as well as live casino options. The firm has been providing these services to various betting firms such as M88 a subsidiary of Mansion gambling firm based in Gibraltar.

Other firms have also benefited from the increased betting firms. For instance, there has to be watchdog that provides surveillance and security in and out of these casinos. This calls for the incorporation of security firms in the industry. As players enjoy gambling, they need something for their energy and hence the initiation of hotels and fast food restaurants has become another emerging trend in Asia.

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Fundamental performance implants courage to 32Red

Fundamental performance implants courage to 32Red

Despite £2m bill by the UK’s Point of Consumption Tax as well as marketing raise in Italy, 32Red has had a fundamental performance. The firm claimed to have immersed EBITDA of £1.2m in the initial six months of the year in comparison to the £2.3m in the H1 of 2014. Profits before taxation dropping to £100,000 from £1.2m. Nonetheless, the Total Net Gaming Revenue sprung to £18.6m from £15.2m.

Ed Ware the CEO of 32Red claimed that he was pleased to announce a glorious revenue increase to his firm in the first six months of 2015 fiscal year which saw the NGR rise by 22%. This performance was evident due to its bold new brand with many clients to their name as well as marketing profession from the driven investments. The business also saw the rise EBITDA by a whopping 57% which sees a strong business momentum.

32Red initiated its products in the Italian markets in the initial half of the year which in turn brought in an increment of 67% of NGR to £0.9m. Consequently, a total of 4,285 new clients were recruited at the period compared to 3,084 in H1 of 2014 and thus bringing a total of 8,443 active players.

The company claimed that the investment growth in the Italian markets has been a positive one but there still calls for some actions in the player and revenue growth sector that has lagged behind. This lag has been attributed to the low quality casino games offered in Italy as compared to top class games in the UK market.

A business analyst at Edison Investment Research Jane Anscombe claimed that she saw some potential in the market growth of 32Red. The mobile gaming incorporated by 32Red has been fundamental for it has contributed 40% of all the total incomes. This has increased the EBITDA by 57% to record at £4.2m before taxation.

The 32Red management is confident that their firm will meets its objective of x10 the EV/EBITDA. The firm has clearly showcased that a group which is managed properly can deliver awesome revenue, cash flows as well as adequate dividends in the current POC world.

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Offshore Gambling Operators to face Australian wrath

Offshore Gambling Operators to face Australian wrath

Betting operators are keen to see the outcome of the Australian government review that would oversee some changes in the old legislation on gambling.

Australia is blessed with some well-known betting operators from across the globe. Such includes; Casino Mate, Guts Casino and Betspin. However, these firms may see radical change to their rules by Christmas as the federal government led by Tony Abbott the governor and Prime Minister of Australia.

The main agenda in this category involves the changing of the legislation that is 140 years old with offshore betting operators given the freedom to offer their clients without necessarily requiring government’s clearance. This move has been pushed hard by Senator Nick Xenophon who claims that even after few changes made to these rules in 2001, nothing much has made impact. This has prompted the Australian government in according the 2001 Interactive Gambling Act review to social service minister Scott Morrison.

Morrison took the initiative of assuring all betting operators that it is his duty to perform the task given without any prejudice and especially in a free and fair method that would not favor any of the sides. Nonetheless, it has been claimed that Xenophon may have come up with the final conclusion to the matter. This comes after it was evident that he had drafted a revised legislation that would forever eradicate both the in-play betting as well as betting markets in any sporting event.

His review comes congruent to another review that was made in 2013 and claimed that the in-play betting be made lawful depending on the results of sporting events. Nonetheless, the 2013 review was not implemented at all despite it being published. In any way, it is evident that in-play betting in Australia is demising day in day out.

In making it clear on the contents of the review, Morrison claimed that he would acquire the clear understandingthe betting operators as well as global regulators in advance of coming up with a fresh legislation towards year end. At the moment, the main and probable issue to be implemented would involving acquitting problematic bettors to safeguard themselves.

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    Always bet responsibly and never gamble what you cannot afford. Here at sports-bettingsites.com we support responsible gambling. If you think that problem gambling is affecting you and/or those close to you you might want to contact gamcare and if you want to gain greater gamble awareness you can visit gambleaware.co.uk for more information.