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UK MPs Blasted for Using Biased Research in Gambling Machines Review

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LeanBackPlayer Releases UK Casino Revenue Report: A Look At The Industry In Uncharted Times
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British ministers have faced heavy criticism for supposedly using a biased report on the impact of a massive crackdown on the highly controversial fixed-odds betting terminals located in betting shops across the UK, The Times reported earlier today.

 

The Fixed Odds Betting Terminals All-Party Parliamentary Group, which includes 20 British MPs, has claimed that the government might have used a report that contained exaggerated forecasts about the future impact of a significant reduction of the maximum stake FOBTs accept. The controversial gaming devices currently allow players to bet up to £100 every 20 seconds.

The UK government confirmed last fall that it would launch a crackdown into the gambling industry’s FOBTs sector by cutting the maximum stake. MPs then launched a 12-week consultation period, during which they would try to collect and review as much information as possible on the impact of the looming clampdown on all involved parties.

FOBTs opponents have been asking for a reduction of the maximum stake allowed to £2. That option is among those currently considered by MPs. However, bookmakers have argued that a cut of this scope would have a detrimental impact on their retail businesses and profitability as well as on the industry, as a whole.

A report commissioned by the Association of British Bookmakers and compiled by research firm KPMG has stated that the industry could collectively lose nearly £640 million as a result from a cut of the maximum stake to £2.

MPs Might Be Using Biased Report

The anti-FOBTs parliamentary group has voiced concerns that MPs might have used biased industry-commissioned report that does not present a reliable forecast on the impact a massive FOBTs will have on the gambling industry.

Last October, the government published its own estimates, according to which, a cut to £2 would indeed cost bookmakers £640 million. Facing criticism from the FOBTs opponents, MPs have denied that KPMG’s report had influenced their own analysis.

Earlier this month the Centre for Economics and Business Research (CEBR) published its own study on the FOBTs matter. According to that separate research, the impact from a crackdown on the machines would be around 50% lower than what KPMG had estimated. CEBR has found that a reduction of the maximum FOBTs stake would cost the industry around £335 million.

The Association of British Bookmakers has responded to that separate report by saying that the CEBR did not have access to British betting shops’ financial data, which makes its report unreliable. On the other hand, both KPMG and the Treasury had full access to that information, the association has added in a recent statement on the matter, which, it believes, vouches for the adequacy of the KPMG’s report.

The UK government announced last October that it would be looking into three options for a cut in FOBTs’ maximum stake. It may be reduced to £50, £20, or £2. The latter two have been the most broadly discussed over the past several months, but it is all up to the findings of MPs during the ongoing consultation period to determine the best possible outcome.

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ITL Spain head to Madrid for the largest gaming exhibition in the Spanish calendar

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ITL Spain head to Madrid for the largest gaming exhibition in the Spanish calendar
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Innovative Technology (ITL) have announced their participation at the largest global network of gaming professionals in Spain. From 7-9 May 2024, Madrid will become the centre of the Spanish gaming industry, celebrating the 40th anniversary of Feria Internacional del Juego (FIJMA).

FIJMA is the most important event in the leisure and gaming industry in Spain where the main companies, manufacturers and experts in the industry gather to learn about the latest slots and gaming equipment innovations. The Spanish team at ITL will be exhibiting their solutions on stand A49 and plan to have their latest note recyclers and coin handling products centre stage, as well as demonstrating how their biometrics solutions can be utilised to benefit the gaming industry to prevent underage gambling.

Jose Garcia Escudero, General Manager for ITL Spain said, “We are looking forward to showing how combining our compact note recycler (NV22 Spectral) and advanced coin recycler (SMART Coin System) gives the best fit for cash handling efficiency for gaming machines in Spain. These solutions now dominate the Spanish gaming market giving operators considerable float management savings, fewer refills, and a massive reduction in coin starvation for improved machine uptime. We’ll also show the new NV4000 mixed denomination note recycler to the Spanish gaming market for the first time, ideal for high volume applications like change and redemption terminals.”

ITL have a range of AI-powered biometric solutions which perform accurate age verification at gaming venue entrances or integrated in gaming machines.

Continuing Jose said, “We will also have our age check devices on the stand for visitors to demo which can help operators prevent someone potentially underage or even self-excluded trying to play a machine or access an age restricted area. ICU Lite can be fully integrated in a gaming machine or betting terminal to automatically estimate age to prevent minors from playing. MyCheckr can be utilised at 18+ entrances to prevent access. Both devices have a one-off cost with no subscriptions and no internet required. Our technology is affordable, available to all and trusted, with no biometric personal data stored.”

Concluding Jose said, “We have very strong relationships with the Spanish market and we’re proud to know that our products will be displayed on a number of stands from our long standing customers. We’re looking forward to seeing everyone in person in Madrid and we welcome you all to stand A49.”

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NetBet Denmark joins forces with Wazdan

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NetBet Denmark joins forces with Wazdan
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NetBet Denmark, a leading name in the iGaming sector, has signed an agreement with Wazdan as it continues to expand its portfolio of the industry’s finest games.

As part of this newly forged partnership, NetBet Denmark is set to integrate the full spectrum of Wazdan’s cutting-edge games into its platform. Players at NetBet can now enjoy an array of engaging titles, including popular offerings such as 9 Coins™ Grand Diamond Edition, Mighty Wild™: Panther, and 16 Coins™.

This collaboration aligns with the operator’s mission to provide its players with an unparalleled gaming environment, marked by innovation and a diverse selection of top-quality games.

Players at NetBet can seamlessly access and enjoy the new additions to their gaming repertoire by visiting the official NetBet Denmark website. The integration of Wazdan’s games is expected to enhance the overall gaming experience for players, offering them a broader selection of titles that cater to various preferences and playstyles.

Claudia Georgevici, PR Manager at NetBet Denmark, said: “Wazdan has come a long way since its founding back in 2010, developing rapidly to propel the company to the forefront of the iGaming industry. As well as innovation, the company has always prioritised enjoyment and responsible gambling in equal measure – making them an ideal partner to help NetBet expand our operations in the Danish market.”

Andrzej Hyla, Chief Commercial Officer at Wazdan, said: “It brings us great excitement to forge a partnership with NetBet, a well-established presence in the thriving landscape of Danish iGaming. The potential in Denmark is vast, and our collaboration with NetBet is poised to fortify our standing in this dynamic market.”

NetBet players can now explore the thrilling new titles from Wazdan by visiting the official NetBet Denmark website.

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Pariplay® adds Kero Gaming Micro Betting Product Suite to Fusion® platform

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Pariplay® adds Kero Gaming Micro Betting Product Suite to Fusion® platform
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NeoGames S.A subsidiary Pariplay®, the leading aggregator and content provider, has further enhanced its Fusion® platform offering through its latest partnership with Kero Gaming (“Kero”), which will see sports betting options added to the aggregator for the first time.

Kero, a leading supplier of micro betting data feeds, products and services will integrate its full product suite onto the Fusion platform.  The Kero platform allows players to watch, bet and chat by combining dynamic, next-play betting markets, live chat for player socialization and the live stream of any match into a single entertainment destination within the sportsbook.Kero’s micro betting technology is uniquely powered by a recommendation engine that leverages proprietary algorithms to create contextually relevant betting markets that are delivered to players, creating a casino style sports betting experience where players can bet on any individual play or moment throughout the course of every match.

The latest provider relationship boosts the wide variety of content available on the rapidly expanding Fusion® platform into the sports betting sphere as Pariplay® maintains its focus on providing enhanced entertainment value for players in regulated markets worldwide.

The Fusion® aggregation offering features over 14,000 games from more than 150 of the industry’s leading game developers and a suite of back-office conversion and retention tools that enhance player value.

Ashley Bloor, Director of Partnerships at Pariplay®, said: “Our content deal with Kero Gaming Inc.      demonstrates our position as one of the world’s pioneering gaming aggregators and we are thrilled to be welcoming its portfolio onto the Fusion® platform.

“With both parties solidifying themselves as visionary forces in the industry, we are confident the partnership will spearhead success as we branch into new sports betting technologies and will resonate with players globally.”

Tomash Devenishek, CEO at Kero Gaming Inc., added: “We at Kero are continually striving to innovate and enhance the sports fan experience by integrating our advanced recommendation technology with real-time micro markets. Pariplay stands out as a leader, powering some of the most renowned global brands. Our shared clientele lays a solid foundation for this collaboration.

“This partnership represents a significant stride towards delivering exceptional sports betting products globally. We are thrilled to embark on this journey with Pariplay as our partner.”

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