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Online gambling is the runaway winner of this World Cup
Online gambling has profited most from the pulsating action in the football World Cup in Russia, especially from the fine showing of the young and unfancied England team.
The London Times has reported that the brits could end up betting for about 2.5 billion pounds ($3.31 billion) when the World Cup concludes. It represents a 50 per cent hike from the figure of the previous tournament held in Brazil. The trend points to a possible rise in the number of problem gamblers too. Curbing advertising, without cracking down on betting platforms, seems to be the best way to control problem gamblers without troubling the responsible bettors.
The spread of technology and decades of fairly permissive regulation, with betting shops a common sight on British streets since the 1960s, have laid the groundwork. The UK’s online gambling market is the biggest in Europe, with gross revenues of $5.7 billion, according to consultancy GBGC. Markets like France are catching up, but keep the sector on a much tighter leash.
Yet advertising and marketing really keep the wheels turning. The tens of millions of UK viewers tuning in for a World Cup match regularly come face-to-face with a celebrity cheerfully promoting online bets, somewhere in between the teams’ national anthems and the start of play. It’s hard to reconcile the glossy scenes of groups of friends laying down victorious bets between swigs of beer with reality.
The ads are the logical conclusion of a deregulation drive that began a decade ago, and which led to ads so in-your-face that some politicians and the Church of England have called for further restrictions. Sponsorship deals between clubs and betting brands have soared.
Rules and standards are belatedly being tightened, notably around the tone and seductive financial promotions of some ads. But the ubiquity of ads and aggressive messaging remain unchanged. Betting websites’ impressive double-digit operating margins alone should make clear who the real winners are.
Industry bodies have in the past argued that opposition to ads is emotional rather than evidence-based. Dr. Mark Griffiths, of Nottingham Trent University’s gaming research unit, found otherwise. According to his research, normalisation of sports betting could hurt vulnerable sections of society: Some 70 per cent of children have seen gambling ads on social media, according to the Gambling Commission; and problem gamblers mention advertising as a trigger.
A direct crackdown on online gambling is probably more paternalistic than UK society would support; it would also just fuel a black market. But consumers would benefit from a nudge in the right direction. Advertising and awareness campaigns about the risks of gambling could balance the scales a little better. A proposal from Bournemouth University’s Raian Ali suggests re-routing the data harvested by gambling platforms back to the consumer, so gamblers can see the full record of their activity and money spent (and lost).
These measures would make a great deal of sense. But future regulatory efforts should still target the marketing machine of an increasingly volume-driven and commoditised betting market. A reduction or ban in betting ads would no doubt help with gambling addiction. But, as with alcohol and cigarette advertising, where heavy restrictions now apply in the UK, firms are unlikely to hold back voluntarily. Betting on less exposure could pay out for society over the long run.
Source: bloomberg.com
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Fast Track welcomes PolarLotto: taking online lotto in Sweden to new heights
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
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
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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