Latest News
Russia to simplify online sports betting account registration
Russia’s government is helping bookmakers by simplifying the cumbersome online sports betting account registration process.
Russia’s Ministry of Finance recently drafted new legislation that would eliminate the current requirement for online betting punters to register online with a centralized payment hub (TSUPIS) and then confirm that registration by physically presenting proof of identity at a land-based betting shop or at the bookmakers’ retail partner.
The draft legislation states that a Russian-licensed online bookmaker “has the right to entrust … the identification of a gambling participant to the center for the recording of online betting of bookmakers or sweepstakes, operating in accordance with the requirements of the Federal Law of December 29 2006 No. 244-FZ.”
The move follows a meeting earlier this week between government officials and representatives of Russia’s 14 licensed online bookmakers, who expressed frustration with the two-step registration process.
The bookmakers argued that, in addition to presenting serious obstacles to punters who reside in rural areas far from betting shops or the retail operations of bookies’ payment processing partners, the registration process is infinitely simpler at the many internationally licensed online gambling sites that continue to cater to Russian punters.
The bookmakers urged the government to act quickly to resolve the situation, so that operators can cash in on the expected football betting bonanza from Russia hosting this year’s FIFA World Cup.
In December, Russia approved new banking laws that allowed customers to submit biometric data for facilitating online transactions. However, some Russian betting industry figures dismissed suggestions that this new tool would lead to an influx of new online bettors.
ANONYMOUS PAYMENTS BAN IN THE WORKS
As the Russian government giveth, so doth it taketh away. On Wednesday, the Kommersant media outlet reported that the government is preparing to ban anonymous online payments.
More specifically, the plan is to prohibit the transfer of funds to ‘non-personal electronic means of payment (NESP)’ – electronic wallets, prepaid bank cards, etc. – from anything other than a Russian bank account. The same would go for withdrawals from any NESP source to anything other than a bank account.
The Electronic Money Association estimates that there are currently over 100m active e-wallets and prepaid cards in Russia, and customers are able to transfer up to RUB 15k (US$267) in any single transaction.
As ever, the justification for such restrictions are combatting terrorism and other illegal activity, but it fits the pattern of Russia’s general mistrust of any online activity over which the government doesn’t wield absolute control.
Latest News
Kambi Group plc publishes 2023 Annual Report and Accounts
Kambi Group plc, the world’s trusted sports betting partner, has today published its 2023 Annual Report and Accounts
This can be downloaded from the company website kambi.com or accessed via the PDF in this press release. The report is also available at .kambi.com/annualreport2023/.
Key highlights for Kambi during the year include:
- A 13% increase in revenue to €173.3 million when excluding the one-off termination fee from Penn recorded in Q4 2022
- €25.2 million in EBITA (acq)*
- 10 new operator signings including Bally’s Corporation, LiveScore Group and Svenska Spel
- Seven partnerships extensions including ATG, Betplay, LeoVegas Group and Rush Street Interactive
- 60+ sportsbook launches across multiple markets in Europe, Latin America and the US
- Repaid the full €7.5 million convertible bond previously held by Kindred Group to give Kambi full control over its future strategic direction
*EBITA (acq) = Earnings before interest, taxation, Items affecting comparability and amortisation on acquired intangible assets
The Annual General Meeting will be held on 21 May 2024 at 14:00 CEST in Birkirkara, Malta.
Latest News
SOFTSWISS and Evolution Launch Evo Prime Drop Campaign
The SOFTSWISS Jackpot Aggregator, a multipurpose gamification system for managing promotional campaigns, launched the Evo Prime Drop campaign in partnership with Evolution Gaming Group AB in March. The Evo Prime Drop aims to enhance player engagement and highlight captivating games integrated with Evolution.
Evolution is a leading B2B solution provider for casino operators offering live casino, live game shows, slots and more. The Evo Prime Drop leverages Evolution’s extensive portfolio, available through the SOFTSWISS Game Aggregator, to feature premium games from such developers as NetEnt, Red Tiger, and Big Time Gaming (BTG).
An exceptional aspect of the Evo Prime Drop is its accessibility to casino operators within the SOFTSWISS Game Aggregator network at no extra charge. This arrangement between Evolution and SOFTSWISS supports their partners in enhancing player engagement and retention.
The campaign’s jackpot prize pool is another highlight, featuring a generous 50,000 euro. The campaign is designed to be inclusive, allowing players to participate with a minimum bet of just 1 euro. The campaign started on 11 March and will conclude on 31 March.
The prize distribution is thoughtfully structured to maximise the number of winners, with 20 top prizes of 1,000 euro each, 100 prizes of 100 euro, and 400 prizes of 50 euro. This tiered system adds to the appeal of the Evo Prime Drop, making it a highly anticipated event in the online gaming calendar.
This inaugural campaign, launched in collaboration with a game provider, paves the way for further initiatives for SOFTSWISS Game Aggregator clients. The Jackpot Aggregator’s unique mechanics and the Game Aggregator’s user-friendly settings make the launch seamless and fast.
Aliaksei Douhin, Head of SOFTSWISS Jackpot Aggregator, comments: “We see immense potential in such campaigns because they present a win-win solution for all parties involved.
Beyond addressing the casino’s primary objective of retaining and attracting players, these mechanics offer providers additional opportunities to promote their games. Furthermore, players gain new experiences, exactly what draws them to us.
Thanks to the quick and easy launch, we view these campaigns as a positive development for the industry.
Special thanks to Evolution for their pivotal partnership in Evo Prime Drop. Evolution’s support is instrumental in bringing these gaming opportunities to life, showcasing the strength of collaborative efforts in advancing the gaming industry.”
Nicholas Peters, Chief Business Development Officer Europe at Evolution, adds: “We are excited to partner with SOFTSWISS in the Evo Prime Drop campaign. Collaborating with the expert team behind the Jackpot Aggregator, and given the excellence of SOFTSWISS’ software solutions and the premium games from providers integrated by Evolution, we are confident in the campaign’s success.
We are constantly looking for new technologies and mechanics to maintain a leading position in the market and provide innovative solutions to our customers. We are pleased that our collaboration with the SOFTSWISS Jackpot Aggregator has proven to be mutually beneficial. “
About SOFTSWISS
SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.
About Evolution
Evolution Group is a leading B2B provider of online casino content. Evolution’s brands are synonymous with outstanding solutions and the widest choice in the online gaming world. As well as being a world-leader of live dealer gaming with its Evolution and Ezugi brands, the NetEnt, RedTiger, Big Time Gaming and Nolimit City studios produce some of the industry’s most innovative and commercially successful slots. The Digiwheel brand is the developer of the world’s first patented HD spinning gaming wheel, offering opportunities to bring the very best of wheel based online games to land-based casinos. Livespins is an innovative B2B social streaming game provider that enables.
Latest News
BetConstruct Introduces 3 New Advanced Services: Zone Solutions, Pro DDOS Protection and Business Dashboard
BetConstruct, a global leader in iGaming technologies committed to constant progress, has launched 3 services aimed at the high performance and growth of its partners: Zone Solutions, Pro DDOS Protection and Business Dashboard.
These services are precisely crafted to address the diverse needs of BetContruct’s partners providing them with leading-edge solutions to foster success in the competitive world of iGaming.
Zone Solutions
Zone Solutions is an all-encompassing suite of domain management services and solutions tailored specifically for Turnkey partners with domain management on their side to upgrade online operations and handle domain management with ease and confidence. From proactive strategies to meeting regulatory compliance measures, Zone Solutions helps businesses enhance an efficient online presence.
Pro DDOS Protection
Pro DDOS Protection is a comprehensive cybersecurity solution tailored specifically for White Label and Turnkey Partners, with domain management handled on the provider’s side. This leading-edge product is designed to combat Distributed Denial of Service (DDOS) attacks and safeguard web applications. With its instant threat detection, enhanced WAF capabilities, and rapid response, the DDOS mitigation service provides security and reliability of the digital assets of White Label and Turnkey Partners.
Business Dashboard
Business Dashboard is a powerful analytics platform that delivers real-time insights and simplifies gaming business management. This comprehensive tool allows to track key metrics across finances, player acquisition, and website traffic. It helps to optimise casino & sportsbook performance and make data-driven decisions for success.
Embracing these services, partners can confidently navigate challenges, elevate their online operations, and seize opportunities for growth in the dynamic world of iGaming. With BetConstruct as a trusted ally, the future of online gaming holds limitless potential for those who dare to innovate and succeed.
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