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New ruling in the UK on FOBTs

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Many in the UK consider fixed-odds betting terminals (FOBTs) as the crack cocaine of betting, which ruins a number of person’s lives over the past few years. These terminals have rightly become the topic of heated public debate. In a move to curtail their use, last Thursday, the Department for Digital, Culture, Media and Sport issued a ruling that the stakes on these addictive machines must be reduced to £2 every 20 seconds. The earlier ceiling was from £100 for every 20 seconds.

The B2 machines are widely found in betting shops around the country and are a high-income-generating utility for the industry.

The ruling has been reached following bitter divides within government, and it is still weak in some key areas. For years, myself and others have campaigned for gambling reforms in this country. My father, David, 61, had a gambling habit, which he concealed from his family, that eventually landed him in prison. He stole £53,000 from his employers after making his way through a succession of payday loans, bank loans, credit cards and borrowing. He even remortgaged the family home in secret to keep his addiction from us. I do not blame the industry for his behaviour, but know that the addictive nature of its products lured him in, and he unfortunately became hooked.

Even while he was behind bars, his inbox was flooded with thousands of emails from firms enticing him to bet; some even sent premium-rate text messages to him in a bid to bring him back to gamble with them. This harassment of gamblers through non-stop advertising on TV, radio and online is insidious and needs to stop.

We are taking gambling addiction off the high streets and sending it online. The government has missed a trick in its regulation reforms. The Gambling Commission last year reported that online gambling was a growing area and that 18- to 24-year-olds would suffer the most. Reports showed us how advertising techniques used by the industry could entice youngsters into betting from a young age, further acclimatising them to their products, ready to make them long-term customers.

According to the charity GambleAware, 50% of all gambling is now conducted online. Its report from summer last year also showed that unemployed young men were most at risk of developing a gambling problem through the internet. I have had countless social media adverts targeted at me because I’ve been talking about gambling. I have seen how the industry uses these ads to entice young people who are not of gambling age into games with fascinating cartoons. The government should put its foot down and have these enticements stopped.

There was a 600% rise in gambling adverts between 2007 and 2012, according to research by Ofcom. I have no doubt that their pervasiveness, links to football games and heavy sponsorship of sports matches will encourage a new generation of gamblers, once FOBTs are no longer the gambling machines of choice. With this decision the government has assessed actual harm rather than potential for harm, and has taken a long time to come up with its toothless recommendation that the industry should run its own responsible gambling campaign.

Source: theguardian.com

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Fast Track welcomes PolarLotto: taking online lotto in Sweden to new heights

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Malta, 28th March 2024 – PolarLotto, a leading provider of lotto betting services in Sweden, has just announced a strategic partnership with Fast Track, a leading provider of CRM solutions designed specifically for the iGaming industry. This collaboration aims to propel PolarLotto’s expansion from offline to online offerings, bringing the excitement of the world’s biggest lotteries to Swedish players in a safe and responsible manner.

PolarLotto prides itself on its commitment to transparent and ethical gaming practices, with a focus on player safety and responsible gaming. By teaming up with Fast Track, PolarLotto aims to leverage cutting-edge technology to expand its business model from traditional to online, ensuring a seamless and engaging experience for its customers.

Commenting on the partnership, Benjamin Burstein, CEO of PolarLotto, expressed enthusiasm about the possibilities ahead, stating, “We are excited to embark on this journey of transforming our business with the latest technology and automation tools provided by Fast Track. As we transition to the online space, we are confident that Fast Track’s expertise in custom segmentation, real-time data capabilities, and personalised experiences will enable us to better serve our players and achieve our business objectives.”

Fast Track also expressed confidence in the partnership, highlighting the potential for exceptional results through its Singularity model, which uses AI and machine learning to deliver tailored content to players, at the right time and through the most effective channel. “We are thrilled to partner with PolarLotto and support their online expansion,” said Simon Lidzén, CEO and co-founder of Fast Track. Our tools are designed to empower lean teams to achieve remarkable results, and we look forward to helping PolarLotto maximise their online presence and engagement.”

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Red Bull Gaming premieres ‘Memories of CS:GO’ documentary highlighting the game’s early years

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As the CS2 PGL Major in Copenhagen is set to kick off, Red Bull Media House will unveil a captivating feature-length documentary, “Memories of CS:GO – The Early Years,” an ode to one of the most influential games ever made.

This film takes viewers on an immersive journey through the origins and evolution of Counter-Strike: Global Offensive (CS:GO), featuring personal accounts and defining moments from several of the most legendary figures of the game.

The 90-minute documentary, narrated by Counter-Strike commentator Henry “HenryG” Greer, chronicles the remarkable trajectory of CS:GO, from its grassroots beginnings to becoming a global esports phenomenon.

Produced by Red Bull Media House, the film captures the essence of the game through the eyes of its most well known players, including Olof “olofmeister” Kajbjer Gustafsson, Patrik “f0rest” Lindberg, Richard “shox” Papillon, Gabriel “FalleN” Toledo, and Jarosław “pashaBiceps” Jarząbkowski, among others.

The documentary’s release is timed to precede the playoff stage of the PGL Major Copenhagen, scheduled for March 26, 2024. It will premiere on Red Bull Gaming’s YouTube channel at 21:00 CEST, offering viewers worldwide an insider’s perspective on the beloved game.

Event Details:

  • What: Premiere of “Memories of CS:GO – The Early Years”
  • When: March 26th, 2024, at 21:00 CEST
  • Where to watch: Red Bull Gaming’s Youtube Channel
  • The “CS:GO Memories” documentary can be viewed shareit.redbull.com

 

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Ten Square Games ready for a new development opportunities in 2024

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2023 ESPI package

The following documents in pdf format are equivalents of the official Consolidated Financial Statement which were reported in ESPI (download in the zip file above)

2023 Consolidated Financial Statement

2023  Management Board Report on Activities

Independent Auditor’s Report on the Audit of Annual Consolidated Financial Statements

Link to the stream

Link to the chat with individual investors

Presentation

Factsheet

Financial data

Transcription of the conference and Q&A session

For complete press release visit tensquaregames.com

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