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Lottery Insights December Issue
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The WEEK in REVIEW
A Weekly Snapshot of the Top Lottery and Gaming News Stories



INTRALOT


Vol. 82 No. 1 - Monday January 1, 2018


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IGT Extends Agreement with the D.C. Lottery to Provide Instant Ticket Printing Services

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LONDON, U.K. (December 22, 2017) -- IGT announced that it has signed a one-year extension agreement with the D.C. Office of Lottery and Charitable Games (D.C. Lottery) to continue providing instant tickets and related services through December 1, 2018. Under the agreement, IGT will continue to provide a comprehensive range of instant ticket services for the D.C. Lottery including game planning and marketing, research and analytics, graphics support, and the production and printing of instant tickets.

IGT has been a print vendor for the D.C. Lottery since 2014. During this time, IGT has developed multiple tickets for the Lottery, ranging in price from $1 to $10. In addition, the Lottery will launch its first Super Ticket™ with IGT in March of 2018.

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“IGT is pleased to continue working with the D.C. Lottery, and we look forward to enhancing their instant ticket program with creative new content over the next year,” said Michael Chambrello, IGT CEO, North America Lottery.

About IGT

IGT (NYSE: IGT) is the global leader in gaming. We enable players to experience their

favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Interactive and Social Gaming. Leveraging a wealth of premium content, substantial investment in innovation, in-depth customer intelligence, operational expertise

and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play.

We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility.

IGT has over 12,000 employees. For more information, please visit: www.IGT.com

CONTACT:

 

Robert K. Vincent,

Corporate Communications,

toll free in U.S./Canada (844) IGT-7452; outside U.S./Canada (401) 392-7452

James Hurley,

Investor Relations,

T: (401) 392-7190

Simone Cantagallo,

Italian media inquiries,

T: (+39) 06 51899030

 

SOURCE: International Game Technology PLC (IGT).

 

 

Fastrak Chosen to Help Develop the Kazakhstan Lottery

U.K. (December 22, 2017) -- The leading supplier of point of sale display products to the lottery industry, Fastrak Lottery Solutions, has revealed its part in the re-launch of the Kazakhstan Lottery with new scratch card dispensers and promotional material delivered across the country.

Following the successful licence bid by Satty Zhuldyz to run the Kazakhstan National Lottery, the new operators quickly looked to revamp the point of sale units, choosing the Fastrak Lottery Solutions POD scratch card dispenser to display and dispense its new range of scratch cards.

To date Fastrak has built 1,000 modular scratch card dispensers which started rolling out in Kazakhstan in September 2017 with a further 2,000 installations planned for early 2018.

John Barrett, Managing Director of Fastrak said; “The new operators of the lottery in Kazakhstan recognised that they needed an effective solution for the display and sale of their games and identified that a new and vibrant point of sale unit could significantly enhance how they reach and engage their consumer – so we were asked to bring a fresh approach to their instore image.”

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The flexibility offered by Fastrak’s POD modular design allows it to expand as sales grow. Along with this, its ability to be branded for the changing needs of the Kazakhstan Lottery meant that it both made an immediate impact together with preparing for future growth.

The signature marketing features included in Fastrak’s POD design allows for tactical messaging, price point information and the ability to promote feature games, all of which fitted with the Satty Zhuldyz marketing and communication strategies as the range of lottery products expands.

Fastrak’s design team proposed their modular POD system to allow for multiple games to be stacked and displayed within the same unit. This resulted in a range of configurations being delivered including 2x2, 2x3, 3x2 and 1x4 configurations.

Flexibility was of prime importance within the solution,” added Paul Shardlow, Design Manager at Fastrak. “Our team of British designers have over 15 years’ experience in developing innovative solutions, and they have once again used their talent to create a unit that not only gives impact and flexibility, but also has been proven to increase sales.”

The team at Fastrak were chosen for the project due to their experience in working with some of the largest lottery operators in the world through which they have proven their understanding of the consumer journey, engaging the customer and lottery sales.

Although official sales figures on the Kazakhstan Lottery project have not yet been released, it was confirmed that a sales increase was achieved from the launch of the new POD units, and are continuing to grow as consumers recognise the impactful displays and understand the products on offer.

John Barrett, Managing Director of Fastrak, said; “Our solutions are all designed to inform the consumer, sell more product and expand the displays as the success of lottery sales grow. Its projects like these that show how we can take a client’s brief, and provide a customised solution from our standard range of products that really works and delivers a measurable increase in sales.”

Fastrak Lottery solutions are world leaders in providing specialist point of sale to the lottery industry offering the most extensive and advanced range of lottery point of sale products available anywhere in the world.

For more information on Fastrak Lottery Solutions, visit www.fastraklotterysolutions.com email hello@fastraklotterysolutions.com or call UK (+44 (0)1625 439966), Australia (+61 411 552 393), Hong Kong/China (+852 3755 4511) or The Unites Stated (+1 212 729 1990).

SOURCE: Fastrak Lottery Solutions.

 

 

Implementation of Scheme of Arrangement; Tatts is Now a Wholly-Owned Subsidiary of Tabcorp

SYDNEY, Australia (December 22, 2017) -- Tabcorp Holdings Limited (Tabcorp) advises that the Scheme of Arrangement (Scheme) in relation to the combination of Tabcorp and Tatts Group Limited (Tatts) has been implemented today. Tatts is now a wholly-owned subsidiary of Tabcorp.

Scheme Consideration

In accordance with the Scheme, 0.8 new Tabcorp shares per Tatts share have been issued to eligible Tatts shareholders.1 Holding statements for the new Tabcorp shares will be despatched shortly and trading of these new Tabcorp shares is expected to commence on a normal settlement (T+2) basis from the next trading day (Wednesday 27 December 2017).

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The new Tabcorp shares will be eligible to participate in the interim dividend payable in respect of the half year ended 31 December 2017. The aggregate cash consideration under the Scheme is $0.425 per Tatts share. $0.16 of the cash consideration under the Scheme was paid by Tatts on 19 December 2017 by way of a special dividend of $0.16 per Tatts share. The balance of the cash consideration of $0.265 per Tatts share has been despatched to Tatts shareholders today (either via nominated bank account or cheque).

Tatts Shares

Tabcorp notes that Tatts has submitted an application to ASX to remove the ordinary shares of Tatts (ASX: TTS) from the official list of the ASX. It is expected that Tatts shares will be delisted from ASX from the close of trade on 27 December 2017.

Tatts Bonds

Tatts Bonds (ASX: TTSHA) will continue to remain quoted on ASX, with ASX having approved a change in Tatts’ admission category to an ASX Debt Listing.

For more information:

Media: Nicholas Tzaferis, GM Corporate Affairs, +61 3 9868 2529

Financial analysts: Sacha Krien, GM Investor Relations, +61 3 9868 2794

1. The new Tabcorp shares that would otherwise have been issued to ineligible foreign shareholders have been issued to the sale nominee appointed by Tabcorp. The sale nominee will sell the new Tabcorp shares, and remit the net proceeds to ineligible foreign shareholders, in accordance with the terms of the Scheme of Arrangement.

SOURCE: Tabcorp Holdings Limited.

 

 

WPFH Secures Online Gambling License in Spain & Partners with VXL Payment Solutions to Expand the WPFH Cryptocurrency Platform

LOS ANGELES, CA (December 22, 2017) -- World Poker Fund Holdings, Inc. (OTC PINK:WPFH), a leading developer and operator of online and event-based social gaming platforms and brands, announces today that it has secured a coveted online gaming license in Spain. To maximize this new online gaming license, WPFH has partnered with VXL Payment Solutions, a global merchant services company, who is a leader in merchant services and payment processing for online casinos.

WPFH continues to expand its gaming offerings by securing a license to run an online gaming casino in Castilblanco, Spain as a sub-licensee. These talks continue as WPFH seeks to secure an additional sub-license for a land based casino license in Castilblanco, Spain.

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As it expands its online gaming, WPFH enters into a mutually beneficial partnership with VXL Payment Solutions, in which WPFH will provide to VXL Payment Solutions a global license to the WPFH Cryptocurrency platform while VXL Payment Solutions will provide its innovative and industry leading merchant services solutions to all of WPFH's payment processing needs, with a special eye to its expanding online gaming presence.

VXL Payment Solutions is a global payment processing and merchant services company with headquarters in Spain and Sweden, where it is one of Sweden's largest payment processors.

Earlier this week, WPFH announced that it has launched a new division which will allow for the integration and use of digital currency with its existing and future technologies and applications. In addition to acquiring a digital currency wallet, WPFH is developing and exploring cryptocurrency mining opportunities specifically geared toward its social gaming projects and its users.  WPFH is planning to integrate blockchain mining into its social games, casino games, and applications.

About World Poker Fund Holdings, Inc.

World Poker Fund Holdings, Inc. is a leading developer and operator of online and event based social gaming platforms and brands. The company is currently in the final stages of launching its two-core celebrity driven social gaming brands for online poker and casino gaming. The company does not offer any games or gaming opportunities for cash in the United States and is not licensed as a gaming operator in the United States or any other jurisdiction.

To learn more about World Poker Fund Holdings ( WPFH ) and its upcoming events, please visit www.worldpokerfund.com.

SOURCE: World Poker Fund Holdings, Inc. press release distributed by Globe News wire.

 

 

WyoLotto Announce New Member to Board of Directors

CHEYENNE, Wyoming (December 21, 2017) -- WyoLottoTM officials announced the appointment of Jim Willox as the newest member of the 2017 Board of Directors. The Board consists of up to nine members who oversee the Wyoming Lottery Corporation, with each member appointed by the Governor.

“I am pleased Jim Willox accepted the appointment to the Lottery Board,” said Governor Mead. “Jim is a businessman. He has been a Converse County Commissioner for over ten years and has served on a number of boards and commissions. His experience will serve the Lottery Board well.”

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WyoLotto CEO Jon Clontz added to the Governor’s sentiment. “Jim is already a great addition to the board, bringing local community perspective and thought leadership to add to the expertise and energy we have with our board. Governor Matt Mead did a great job selecting this addition,” said Jon Clontz, WyoLotto CEO.

Jim Willox is a fourth generation Converse County resident. He was raised on his family ranch south of Douglas. In 2001, the family decided to sell the ranch and move into Douglas.

“Wyoming is my home, and getting to be an active member of this board is an honor and one that excites me very much,” Willox said.

Willox graduated from the University of Wyoming with a degree in Agricultural Business.

He has previously served as an officer of the Converse County Stockgrowers, Douglas Moose Lodge and the Douglas Board of Realtors. He was also an active member of the Wyoming Republican Party, in which he served in several positions, culminating as State Chairman from 2003 to 2005.

He was sworn in as a Converse County Commissioner in January of 2007, and has been active and engaged in many local issues while a commissioner. As a member of the Wyoming County Commissioners Association, he served as Chairman of the WCCA Transportation Committee for 6 years before being elected Treasurer of the WCCA in December 2016.

Willox is also active in other realms of his community, including his involvement with the Wyoming High School Activities Association as a basketball official for 15 years and as a USA wrestling official for 10 years.

Jim and his wife, Tione, have two sons, Bo, who lives and works in Douglas, and James is a junior at the University of Wyoming.

The Board of Directors for the Wyoming Lottery Corporation are:

  • Sandi Chitwood, Chairman
  • Gerry Marburger, Treasurer
  • Dave Bonner, Secretary
  • Gina Monk
  • Mary Throne
  • Ross Newman
  • Jim Whalen
  • Jim Willox
  • Sandra Wallop

 

For more information about Wyoming Lottery Corporation and the Board of Directors, visit wyolotto.com.

SOURCE: Wyoming Lottery Corporation.

 

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The Danish Gambling Authority Release Certification Programme for Online Bingo

ODENSE, Denmark (December 20, 2017) -- Due to the liberalisation of online bingo from January 1st 2018 the Danish Gambling Authority (DGA) is currently working on an update to our certification programme.

An updated version is published later this week. We know that a number of interested parties are awaiting the updated requirements, so these will be specified here.

The requirements in the certification programme will reflect the requirements in the executive order. Here are the most significant:

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  • Only online bingo with 75, 80 or 90 numbers/symbols is allowed
  • Bingo cards for games with 75 numbers/symbols must have 5 times 5 squares
  • Bingo cards for games with 80 numbers/symbols must have 4 times 4 squares
  • Bingo cards for games with 90 numbers/symbols must have 3 times 9 squares
  • The sale of bingo cards cannot start until 30 minutes before the game starts
  • There must be at least 3 seconds between the draw/presentation of each number/symbol
  • The player cannot select numbers/symbols for the bingo card themselves or make changes to their bingo cards. The players are however allowed to select bingo cards between a number of bingo cards randomly generated by the gambling system
  • Both manual and automatic marking of drawn numbers/symbols must be possible
  • The game must end when the first player has a full bingo card

 

The specification above is with reservation for the content in the final executive order, which will come into force on January 1st 2018.

The DGA is aware of and appreciate the fact that it will be very difficult to have games tested and inspected before the end of the year. We must however point out that whether or not a bingo game is tested, it must comply with requirements in the coming executive order.

SOURCE: Spillemyndigheden (The Danish Gambling Authority).

 

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AGA: What Tax Reform Means for Gaming

WASHINGTON, D.C. (December 20, 2017)

Dear Gaming Industry Colleague:

 Moments ago, Congress approved the most extensive changes to the tax code since 1986. While time will tell whether this broad overhaul ultimately leads to the type of economic growth proponents have promised, AGA is proud to have actively led an inclusive industry effort to ensure changes to the corporate tax code provide a net benefit to our members.

A reduction in the corporate tax rate from 35 percent to 21 percent requires many industries to concede significant, long-standing tax preferences and deductions. In this climate, the gaming industry emerged with several important wins. Specifically, the final agreement protects three priorities for our industry:

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  1. Largely preserves the ability for our customers who itemize to net their gambling income, despite a late effort in the Senate to eliminate this deduction;
  2. Exempts most operators from limitations on interest deductibility and provides reasonable transition provisions for all businesses that pay interest on corporate debt; and
  3. Helps to ensure favorable rules for research and development, which gaming suppliers rely on to constantly innovate.

 

A more detailed summary of the key provisions to the gaming industry is available HERE and a document discussing the impact of tax reform on casino patrons can be found HERE.

While there were wins, there are other areas where we will need to continue to engage to protect and promote the industry as “fixes” are considered in 2018 and beyond. High priority targets include:

  1. Lifting the Slot Tax Reporting Threshold: The $1,200 slot tax reporting threshold was set in the 1970s. The tax reform debate provided us an opportunity to introduce this topic to legislators and pave the way for adjusting the threshold in a favorable way for our members and customers. I encourage your continued engagement to help us make a compelling case for how a higher reporting threshold will help lower administrative costs and provide our customers an improved experience when they visit your facilities;
  2. Promulgating Regulations that Work for the Industry: Legislation of this size and scope will undoubtedly require significant details to be determined by the IRS and the Treasury Department. AGA will remain vigilant to ensure any rulemaking by executive agencies is consistent with industry practices and priorities; and
  3. Assessing and Addressing the Impact of Certain Changes: It may take some time to fully understand the effect some changes have on the industry and our customer base. For example, doubling the standard deduction for individuals will likely result in fewer taxpayers electing to itemize and net their gambling income/losses. AGA will need your continued input to know whether this has a measurable effect on customer behavior, and we stand ready to work with Congressional champions to help address any unintended consequences that threaten the health of the industry.

 

We recognize Congressional consideration of major changes to the federal tax code creates both opportunities and challenges for our multifaceted industry. AGA initiated an inclusive process to determine the most important aspects of tax reform to our membership and to develop a consensus list of priority issues. Through your partnership, we are pleased with the outcome and look forward to continuing on this success in 2018.

 

Regards,

Geoff Freeman

President and CEO

American Gaming Association

 

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Synot Acquires Stake in Bosnian Willy Klub

PRAGUE, Czech Republic (December 23, 2017) -- SYNOT continues to expand its business activities in the Balkans. After recently joining the Macedonian company The Slots, which is one of Macedonia's largest gambling operators, it has now strengthened its position in Bosnia and Herzegovina. Specifically, she joined WILLY CLUB. This is an operating network that currently runs nearly 700 game machines.

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"With this company, we established contact in 2015 when we started our business in Bosnia and Herzegovina. We have now decided to extend the cooperation and join the company WILLY CLUB. Our plan is to stabilize the entire network by the end of the year and increase the number of machines operated by WILLY CLUB to approximately 800," said Neofytos Neofytou, director of SYNOT International Limited, adding: "B alkane is a very interesting market for us. In addition, in the coming year, there will be an adjustment to the conditions for running online lotteries, which has not yet been legislated."

SYNOT has been operating in the Balkans for nearly 10 years. Specifically, in this region and its immediate vicinity, Bosnia and Herzegovina is also active in Romania, Serbia, Macedonia and also in Greece. Earlier next year, he plans to enter the Croatian market.

CONTACT: Mgr. Magda Pekařová, spokesperson, The SYNOT Group, Mobile: +420 739 604 032, E-mail: magda.pekarova@synot.cz.

SOURCE: The SYNOT Group.

 

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Editec Chose Btobet as Technological Partner to Grow Its Business Online, Across the Whole African Continent

MALTA (December 21, 2017) -- EDITEC, a leading sports betting, lottery and gaming operator in Africa, with a strong presence in twenty countries as well as offices across Europe and the Middle East, signs a partnership agreement with the multinational iGaming platform and Sportsbook provider BtoBet.

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Online, EDITEC operates under the renowned brands of Premier Bet, SBA, Guinee Games, and R&S Betting and is one of the fastest growing online operators in a number of regions in Africa, already with a well-established retail estate and network of agents.

Alex Rutherford, EDITEC Head of Online, stated:

We were extremely impressed by the flexibility and functionality of the BtoBet platform and look forward to an incredible partnership which will push EDITEC’s brands to the next level and give our customers a truly exciting betting experience’.

Commenting on the partnership, BtoBet’s Chairman Alessandro Fried reported:

“The growing number of gamblers and the spread of mobile in Africa is indicating the need to adopt a suitable platform and fitting software to have the greatest insight into players’ data and behaviour in order to drive and manage the gaming business in the most efficient way.

In this perspective, we are very proud to support EDITEC as a partner in Africa and to provide our technology and solutions, to increase the company’s revenues.”

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About BtoBet

BtoBet is a multinational company and is part of a group with 20 years of experience in software development in IT, finance, telecommunication, e-commerce and banking, strongly committed to technology and widely investing in technology research and development.

The experience gained in these advanced environments, allows BtoBet to be visionary in the iGaming and Sports betting industry with a deep understanding of the requirements of the market, catching changing trends and anticipating bookmakers’ and operators’ needs. BtoBet is a true partner in technology, offering a standalone platform and services for the iGaming and Sports Betting industry.

It counts on a very talented, continuously trained development team and day to day management support to clients. BtoBet allows licensees to be unique in the market, by giving them the opportunity to completely personalise their offers for Sports betting and iGaming business, online mobile and retail. BtoBet has technical branches with large ever-growing teams of developers in Skopje, Ohrid, Bitola, Belgrade, Nish, Tirana, and Rome. Malta hosts the commercial and marketing centre. Visit our site on: www.btobet.com

SOURCE: BtoBet press release.

 

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Yggdrasil Expands Italian Footprint with Snaitech Deal

MALTA (December 21, 2017) -- Yggdrasil Gaming has further extended its reach in Italy with a deal to provide content to leading Italian gaming operator Snaitech.

The agreement will give Snaitech, leader in betting retail, access to award-winning Yggdrasil titles certified under Italian regulations. Snaitech will receive Yggdrasil’s collection of in-game promotional tools, BOOST™ and social sharing tool BRAG™, enabling the operator to increase and complete its online casino offer.

Yggdrasil CEO Fredrik Elmqvist said: “To agree a deal with Snaitech, one of the most respected names in European gaming, shows that our approach is being welcomed by both operators and players in Italy.

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“This partnership with Snaitech is the latest step in Yggdrasil’s ambitious plans for the Italian market.”

Snaitech CEO Fabio Schiavolin said: “We always work to offer our customers the best selection of content available. So it is with great pleasure that we are able to add Yggdrasil games to our offering. The new titles, the promotional infrastructure and above all the smart approach of Yggdrasil team, will add a further innovative boost to provide a complete, safe, engaging and entertaining gaming experience to our customers.”

Yggdrasil plans to have more than 30 games certified for the Italian market during 2018.

About Yggdrasil Gaming

Yggdrasil Gaming is a provider of superior online and mobile casino games. It has emerged as one of the industry’s most respected and acclaimed suppliers and provides games for some of the world’s biggest operators, including: bet365, Betsson Group, bwin.party, Cherry, LeoVegas, Mr Green, Casumo and Unibet.

The company is headquartered in Malta, with a major development office in Krakow, Poland and regional offices in Stockholm and Gibraltar. The firm holds licences in Malta, Romania, Gibraltar and the United Kingdom.

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Yggdrasil’s slots are renowned for their outstanding graphics and gameplay and many have become global hits. They are integrated via the industry-changing iSENSE 2.0 HTML client framework which allows for simultaneous launches on desktop and mobile, and is supported by BOOST™, a collection of promotional tools focused on engagement and retention via concepts such as Missions, Super Free Spins™ and Cash Race, and BRAG, an industry-first concept which allows for the promotion of games via social channels.

iSENSE 2.0+, launched in April 2017, includes a number of industry-leading features, including retina support for crisper visuals, a new minimalistic mobile UI with a sleek and fresh feel, and a new and easy in-game deposit process.

Yggdrasil was the winner of Innovator of the Year at the 2017 International Gaming Awards, Slot Provider of the Year at the 2016 and 2017 EGR B2B Awards, Gaming Software Supplier of the Year at the 2016 International Gaming Awards and Software Rising Star at the 2015 EGR B2B Awards.

About SNAITECH S.p.a.

SNAITECH, which is listed on the Milan Stock Exchange, is leader on the Italian Gaming and Betting market.

Founded through the integration between Snai Spa and the Cogemat group companies in late 2015, has headquarters in Milan, Porcari (Lu) and Rome.

Thanks to its multichannel technology offers sport and horse racing betting, virtual sports, videolottery, both online and mobile (poker, skill games, casino games, bingo), esports and pari-mutuel. The SNAI retail betting network is comprised of over 1600 points of sale located throughout Italy. The Group also operates 60,000 New Slot and more than 10,000 Videolottery. Convenience payments services, satellite broadcasting and integrated stats and odds services, real time updates on different sport events, contribute toward optimizing the quality and value of products and services. The website, www.snai.it, offers a vast range of gaming and entertaining services including all online products: sport and horse racing betting, poker cash and poker tournament, sport pari-mutuel, bingo, lotteries and number games, virtual sports. Betting and casino apps are available also from website using a technology that adapts to all devices.

The website, www.snai.it, offers a vast range of gaming and entertaining services including all online products: sport and horse racing betting, poker cash and poker tournament, sport pari-mutuel, bingo, lotteries and number games, virtual sports. Betting and casino apps are available also from website using a technology that adapts to all devices. Furthermore, the Group’s own sportnews.snai.it is a well-known blog providing updated information and news to customers and sport fans.

SNAITECH also owns three race tracks, two in Milan, SNAI San Siro and SNAI La Maura, and one in Tuscany in Montecattini Terme, SNAI Sesana. Its properties include training circuits and accommodation for horses.

SOURCE: Yggdrasil Gaming.

 

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Digitain Agrees Habanero Deal

Platform provider integrates full suite of slots and table games

YEREVAN, Armenia (December 22, 2017) -- Multi-channel sports betting and casino platform provider Digitain is set to integrate content from leading online slots and table game supplier Habanero.

Among the games made available to their operator partners via the deal will be Habanero’s latest release 5 Mariachis, as well as a popular titles Rolling Roger, The Dead Escape, and Panda Panda.

The integration adds some extra muscle to the Armenian supplier’s casino platform, as it continues to expand in international markets, and brings a new premium range to its existing portfolio.

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Suren Khachatryan, Digitain CEO, said: “We have been working hard to forge fresh casino alliances recently and are aiming to arm ourselves with the prized products from the best suppliers in the business.

“Like us, Habanero have been very successful in their expansion during 2017 and together we present a compelling platform and content solution to operators. We’re very pleased to have them on board.”

Daniel Long, Head of Sales at Habanero, said: “We’re delighted to have teamed up with Digitain and we can’t wait to see how our games perform in what in many cases are new markets for us.

“We have launched some fantastic content over the last 12 months, with a wide variety of themes, features, and maths models, and we hope they’ll quickly become firm favourites with operators and players alike.”

About Digitain:

Digitain is an Armenia-based sportsbook and casino platform provider offering best of breed turn-key and white-label solutions. The company’s primary focus is on the regulated European market, with ambitious plans to expand its geographical footprint into the Americas and Asia. It employs more than 800 of the brightest minds and creative talents in the gaming industry, with the aim of providing a one-stop-shop for its customers. The multi-channel Digitain Gaming Platform allows operators to plug-in sportsbook, casino, live dealer and virtual sports modules, and includes an integrated payment gateway, bonus engine, CRM system and dedicated customer support. Its sportsbook product covers 65 sports, taking in 7,500 leagues, and offers more than 3,000 betting markets. It also offers odds on 30,000 live events each month, while its casino solution has 1000-plus games from major casino suppliers.

SOURCE: Digitain press release.

 

 

The Global Tote Signs U.S. Distribution Deal with Watchandwager.com

SYDNEY, Australia (December 27, 2017) -- The Board of TopBetta Holdings Limited (ASX:TBH) ("TopBetta" or the "Company") is pleased to announce that its wholly-owned Alderney-based subsidiary, The Global Tote Limited ("The Global Tote"), has signed a deal that will allow US punters to access its pools on Australian racing for the first time.

Key points:

  • WatchandWager.com will become the first American distribution partner of The Global Tote's pools.
  • North American punters will be able to access The Global Tote's pools on Australian thoroughbred, harness and greyhounds fixtures.
  • Last calendar year WatchandWager.com processed over US$360M worth of wagers into pools around the globe.
  • The Global Tote now has distribution agreements in place to offer pools in the UK and the US.

 

The Global Tote has entered into an agreement to with US company, WatchandWager.com LLC ("WatchandWager.com"), which provides pari-mutuel, or pool-betting, wagering services through a number of distribution channels to an international client base.

Under the terms of the deal, WatchandWager.com can provide The Global Tote pools on a non-exclusive basis on Australian racing, harness and greyhound meetings across its distribution network and Advance Deposit Wagering ("ADW") platform to punters across North America.

TopBetta CEO, Todd Buckingham, said:

"WatchandWager.com will become the first American distribution partner of The Global Tote's pools, bringing in both retail and sophisticated handle/turnover which is expected to create greater liquidity to The Global Tote's thoroughbred, harness and greyhound pools."

"Last year WatchandWager.com processed over US$360M worth of wagers into pools around the world, and now that existing customer base will have access to the full suite of The Global Tote products and pools."

"This deal is the result of much hard work and we are very excited to bring The Global Tote into the US via this new channel, which, again, we expect will also benefit Australian racing bodies with more race field fees via this new turnover."

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The agreement with WatchandWager.com commences on 1 February 2018 for an initial term of 12 months (with successive further 12 month terms) and The Global Tote will receive 2% of the takeout from bets placed by WatchandWager.com with The Global Tote.

Technology integration work are expected to commence in CY Q1 2018 and The Global Tote pools are expected to be open in the US by CY Q2 2018. The agreement is subject to the usual approvals from racing and regulatory bodies.

WatchandWager.com President, Ed Comins, said:

"WatchandWager.com is currently the fourth largest ADW in the US. We believe this partnership with The Global Tote, offering new products and pools on Australian Racing, creates a great opportunity for WatchandWager.com to further increase our global racing handle via our network of sophisticated and recreational players."

About The Global Tote

The Global Tote Ltd is a wholly-owned subsidiary of TopBetta Holdings Ltd based in Alderney, UK. It operates under a Category2 eGambling B2B wagering license granted by the UK's Alderney Gambling Control Commission.

Since it launched in May, 2017, The Global Tote has fielded on more than 1300 race meetings with unaudited turnover of more than $65million and the product is currently used by multiple bookmakers in Australia. The Global Tote has also recently entered into an agreement with the Official UK Totepool, Totepool Alderney Limited, to give it the ability to distribute its pools through 10,000 plus UK and European betting shops and some of the world's top global wagering websites.

About Webis Holdings plc and WatchandWager.com

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Webis Holdings plc is a holding company with subsidiaries operating in the gaming and technology sectors. The company is listed on the Alternative Investment Market in London and operates from offices based in Douglas, Isle of Man, Lexington, Kentucky and San Francisco Bay Area, California.

WatchandWager.com LLC has its operational base in Lexington, Kentucky, with its head office in San Francisco's Bay Area, California, and provides pari-mutuel, or pool-betting, wagering services through a number of distribution channels to a global client base. The company holds United States pari-mutuel licences for its ADW business in the US, namely a multi-jurisdictional licence issued by North Dakota and individual licenses in California, Kentucky and New York, as well as several other US States. The business provides wagering opportunities predominantly on horse and greyhound racing and has contracted with a significant number of prestigious racetrack partners within the United States, Hong Kong, Canada, United Kingdom, Ireland, Australia, South Africa and France, amongst others. It provides wagering facilities to customers through its website, watchandwager.com, and mobile product as well as offering a Business Trading product and a telephone call centre.

WatchandWager.com LLC also operates Cal Expo Harness Racetrack in Sacramento, California, under a licence issued by the California Horse Racing Board.

About Topbetta Holdings Ltd

TopBetta Holdings Limited ASX TBHTopBetta Holdings Limited (ASX:TBH) is licensed to conduct race wagering and sports betting under the Bookmakers and Betting Exchange Act 1998 (Northern Territory).

The Company has built proprietary technology platforms that combine an online racing and sports wagering offering with a fantasy wagering platform and enables sports fans to compete against each other via online tournaments.

SOURCE: Topbetta Holdings Ltd press release distributed by ABN Newswire.

 

G2E Asia 2018

 




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