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Bragg Gaming to Sell its Media Division to SN&CK Media

Niji Narayan

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Bragg Gaming to Sell its Media Division to SN&CK Media
Photo Source: aithority.com
Reading Time: 2 minutes

 

Bragg Gaming Group has completed the strategic review of its online media division and entered into an agreement with SN&CK Media Limited (SML) for the sale of its media division, including GiveMeSport.

The completion of the sale transaction is subject to the satisfaction of customary conditions of closing and is expected to be completed in early May 2020.

In August 2019, the Group announced a strategic review of its online media division, which is now completed with the sale of its online media division to SML. The Agreement was unanimously approved by all of the directors of the Group. The Group was advised and the process was managed by Sequence Advisors.

Pursuant to the Agreement, Bragg will receive a total consideration of up to £400,000 for the sale of its online media division. The consideration for the media division consists of an upfront cash payment of £50,000 upon completion, in addition to 10% of the gross revenues from the media division for a period of 21 months following the completion.

“The completion of the strategic review process and the execution of the Agreement for the sale of Bragg’s online media division to SML will allow us to focus our efforts and resources on Oryx, our B2B business, which is growing at an exponential rate. Given the current environment and the significant jump in virtual and digital activities, we have seen demand for Oryx’s online gaming and gambling services increase over the past few months. We have made significant strides over the past year in enhancing our platform and building this asset, and we will now be able to further streamline our activities and reduce our cash burn,” Dominic Mansour, CEO of Bragg Gaming, said.

“This acquisition is highly synergistic and brings our audience size to the next level. With this acquisition, SML will become one of the largest sports media web platforms in the UK and largest globally on Facebook. Both Bragg and SML have long-standing relationships with quality partners that we will be able to mutually leverage in order to grow at an exponential pace. We are excited about combining the two businesses and expanding our platform to take advantage of its 25 million Facebook followers and the great work done by the GMS team,” Niall Coen, CEO of SML, said.

Canada

Canadian Internet Gambling: What New Technologies Are Used for Casino Safety?

George Miller

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Reading Time: 3 minutes

 

This article provides information on how one of the best specialists in the field of casino security systems development implemented his innovative technologies for world-famous gambling establishments. This man has devoted his whole life to casinos, knows firsthand about all the secrets of gambling establishments and is ready to share them with us.

Nora company – invisible casino guard

This is the name of the company of the extraordinary specialist Jeff Jonas. He is literally obsessed with introducing all kinds of innovative technologies in the field of casino security both, online and land-based establishments. His team has developed many different mechanisms to protect gambling clubs. In 2005, Jonas decided to sell one of his first companies involved in identifying the relationship between casino players and the croupiers to IBM.

Thanks to this deal, a unique system called Nora appeared, which determines the relationship between the croupier and casino client, which made the gambling business more profitable. This is probably the most unusual and unique system in this area that has appeared over the past ten years.

Such a system is even used in banking, the largest banks around the world use it so that their employees do not provide loans to dubious clients. Many scammers register offshore companies where they withdraw money earned in an unscrupulous way. Insurance companies also use Jeff Jonas’ security system. And many other organizations use this technology to provide security measures in their enterprise.

Jeff Jonas is currently continuing to develop systems in US, Canada and China. Its activities are incredibly in demand, and every campaign, whether it is a large bank or a casino, is eager to receive from its new innovative technology that will increase the level of security of the organization.

According to Jeff Jonas, who has vast experience in the gambling business, most US and Canadian casinos spend the money they earn on expanding and opening new gambling tables and slot machines, and only few are worried about their own safety. Take, for example, one of the largest casinos, where about two thousand cameras are installed, watching their customers, it would seem that this is quite enough.

But these cameras are only enough for a small number of clients, and they focus only on those who win large sums of money.

Many successful players use a card counting system, Jeff Jonas’ innovative technology is able to calculate how effective a player’s method is, and whether such a client poses a threat to the casino’s profit. If the answer is yes, then the player will be asked to leave the casino and the casino will not lose a large amount of money.

Now every parking lot is equipped with cameras that use police technology, cameras record the vehicle number and transmit information to the casino, the program determines how much money the player spends, how efficient he is and whether he can, in general, be allowed into the casino.

Protection designed for online casinos in Canada and other countries

Everything is clear with protection in land-based casinos, but what about protecting online resources? Jeff Jonas worked with IBM and several casino software companies to develop a custom system. Nora 2.0 is a system used in online casinos around the world including the Canadian online casino Casinonic. Nora 2.0 works through neural networks and self-learning algorithms. All this allows the “program” to find potential threats or malware that third parties may try to inject into the casino platform.

Nora 2.0 has already established itself well in the field of online gambling, having prevented about 3 thousand attacks on servers with casino software in 2020. The main beauty of Nora 2.0 is that the algorithm does not need updates, it is completely autonomous and is able to carry out all updates on its own. Who knows, maybe soon it will be used as an anti-cheat protection in video games as well.

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Canada

Passport Technology Signs Cash Casino Calgary and Cash Casino Red Deer and Introduces New POSpod® Self-Service Kiosks

George Miller

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Swintt strengthens European presence with Mybet deal
Reading Time: 2 minutes

 

Passport Technology, the leading provider of casino cash access services internationally, now provides cash and cashless services to over fifty percent of Alberta casinos with the launch of ACM OwlTM solutions at Cash Casino Calgary and Cash Casino Red Deer. Passport Technology’s self-service platform delivers maximum cash to the casino floor, operational efficiencies to the casino and numerous social responsibility features, it also provides social distancing measures within COVID-19 planning criteria through self-service kiosk technology.

Passport Technology’s CashValet PCI-DSS Level 1, P2PE-certified solution, and cloud-based application facilitates immediate and maximum approval amounts and supports real-time reporting of the transaction cycle while providing casino guests with an enhanced experience including dynamic fee structures, free play credits, self-exclusion options, and numerous security and regulatory compliance features. Passport’s POSpod® kiosks are custom-built with the latest peripherals to meet the demands of the high-traffic casino environment, while deploying a best-in-class user interface custom developed by market and  customer. The POSpod® line of self-service kiosks include free standing, countertop and the new mobile cashier enhancement, all of which provide the Patron and Operator the same experience and feature functionality. ACM OwlTM  technology provides industry leading ATM services combining transaction speed, maximum throughput, local support and a truly elegant design.

“We’re excited to collaborate with Cash Casino Calgary and Red Deer,” states Kurt Sullivan, President of Passport Technology. “Passport’s suite of products and solutions are secure, robust and promote responsible gaming while delivering maximum funds to the casino floor. We look forward to contributing towards the overall success of Cash Casino with the installation of ACM OwlTM during our long-term engagement and providing guests in Alberta with the best possible experience.”

On June 25, Passport announced an agreement to be acquired by Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF), leveraging Passport’s international footprint in brick-and-mortar casinos with Australis’ Cocoon Technology serving cannabis dispensaries in North America and Australis’ Paytron Merchant Services. The full announcement is available at: https://ausa-corp.com/news/australis-capital-announces-expansion-of-fintech-platform-to-include-gaming-through-proposed-acquisition-of-passport-technology-and-private-placement-of-units.

 

 

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Canada

BCLC Contracts with iTel to Support Lottery Network Services

George Miller

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BCLC Contracts with iTel to Support Lottery Network Services
Reading Time: 2 minutes

 

Kamloops’ technology future looks even brighter with a new agreement between two of the city’s largest technology companies: BCLC and iTel Networks (iTel).

Under a three-year contract with BCLC, iTel will provide the fast and secure Internet connection needed to support BCLC’s retail partners located in remote and rural areas of the province to sell lottery products.

“Given the breadth of our network, iTel checked off all the boxes we had on our list,” said Pat Davis, Vice President of Business Technology and Chief Information Officer. “Its unique ability to support our remote network requirements provided an efficient solution to meet our business needs. We’re pleased to work with an organization that shares our support for expanding the local tech business.”

BCLC awarded the contract to iTel for Province Wide Internet Services following a public procurement process that included an August 2019 Request for Proposal.

“Having lived in Kamloops for most of my life, I am deeply invested in this community both personally and professionally,” added Danny Rink, CEO, iTel Network. “I am excited that we have built iTel over the last 12 years to be an organization that can support the vast and robust network needs of an enterprise organization like BCLC, and by doing so, iTel can continue to invest in the community and help further grow the Kamloops tech sector.”

In addition to both being deeply rooted in the Kamloops technology sector, both BCLC and iTel support the Kamloops Innovation Centre (KIC), a non-profit technology start-up accelerator. Rink helped found KIC in 2012 and BCLC has since created an on-site Innovation Lab in partnership with KIC, with the goal of fueling growth of local tech talent.

“Diversification into technology for B.C.’s regional economies requires the active participation of its large technology employers. iTel Networks and BCLC have proven themselves to be those catalysts in our community,” said Dr. Lincoln Smith, executive director, KIC. “Both of these corporate leaders are directly and indirectly helping to create the ecosystem in Kamloops where new technology-enabled businesses can start up and thrive.”

Thanks to lottery players and retailers across B.C., the lottery business helped BCLC generate $1.4 billion for the Province of B.C. last year to support health care, education and community programs across B.C.

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