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Gamenet acquires GoldBet

Niji Narayan

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Gamenet acquires GoldBet
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Gamenet, a gaming company based in Italy, has acquired betting operator GoldBet in a deal worth €265m (£240m/$310m). The acquisition will make Gamenet the “clear leader” in traditional betting segment in Italy.

GoldBet operates about 1000 betting shops in Italy. The company generated earnings before interest and deductions of €40m in 2017. This will increase the number of betting points in the new entity’s fold to 1700.

“This transaction represents a major opportunity for the two companies and will allow us to exploit the synergies and know-how of both companies,” GoldBet CEO Paola Bausano said.

Gamenet chief executive Guglielmo Angelozzi added that the transaction would allow the company to expand its services in a number of verticals.

The combined business will have a 21 per cent share of the retail betting market and a 33 per cent share of the virtual sector, with Regulus Partners’ Paul Leyland stating in an update that the deal will allow the merged entity to become a “clear leader in more traditional betting products and channels.”

However, Leyland added a note of caution with regard to the internet proposition of the combined business, with GoldBet and Gamenet currently only occupying 3.8 and 3.1 per cent of the country’s online market share, respectively.

“Online the combined entity’s total market share is only 7 per cent overall and 11 per cent in betting,” Leyland stated. “This makes it a credible No.4 in betting behind bet365, SKS365 and GVC, but still stuck in the mid-tier of a stubbornly fragmented Italian online market, with neither side bringing anything to break out of this, in our view.”

The note added that overall growth in the country’s gaming sector is “being powered first and foremost by online”, notwithstanding the recently-introduced ban on gambling promotions and advertising.

However, online still represents a relatively small proportion of Italy’s commercial gambling revenue, with approximately 20 per cent of the market in comparison with 80 per cent for machines.

“Combinations with very high machine exposure and relatively limited domestic online capabilities still remain challenged, in our view,” Leyland added. “Conversely, it is telling that all of the top four online businesses in Italy – Stars, SKS365, bet365 and GVC – are online-led and none has material machine exposure.”

 

Source: igamingbusiness.com

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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How to know Bitcoin Casino is trustworthy

George Miller

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How to know Bitcoin Casino is trustworthy
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During the last couple of years Bitcoin has completely revolutionized the world of online gambling. The first major shift happened at the end of the millennium when classic online casinos started to disrupt the gambling industry. From then on, it was widely available to enjoy the betting activities from the comfort of the home. Another major shift of gambling industry derived from the fact that people started avoiding online casinos due to the rumors of rigged gameplay, and that’s where the Bitcoin Casinos came into play. Today, the heavy hitters of the BTC Gambling industry are guaranteeing the fairness through various different technologies that came from Blockchain systems.

BTC Casinos command trust through Blockchain systems

Bitcoins and other cryptocurrencies instill the trust of gamblers thanks to using the Blockchain system algorithms that are absolutely bulletproof when it comes to security and safety. It’s a revolutionary concept that provides anonymity and transparency at the same time, by making the processes visible to everyone within the system, while also keeping all the members and their personal data completely hidden. Although, first and foremost the main benefit of the blockchain system for the safe and fair betting is the revolutionary Provably Fair system that many casinos are incorporating into their gameplays.

Provable Fairness of Bitcoin Casinos

Provably Fair is a groundbreaking system that guarantees the just outcome of the gambling activity. It’s based on the blockchain technology and casinos that use PF have absolutely no chance of tampering with the final results of the game. Provably fair uses advanced SHA-2 algorithms to ensure the absolute fairness, while also providing players with the ability to check the final outcome for themselves. You can look at the hash number before the play and notice that the hash was predetermined from the beginning, making it impossible for casino games to see the results before the end of the play. BTC Casinos that incorporate Provably Fair technology can surely be trusted.

Best way to find the Trustworthy Bitcoin Casino

One of the best ways to find yourself a trustworthy crypto-casino is to look at the gambling forums, pages and groups. Another great option is to look for casino review websites. A good example would be Bitcoingamblers.net. Websites like this are providing all the relevant and helpful information a gambler might need when getting accustomed to and choosing the right BTC Casino to play at.

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Sportradar Publishes Second OTT White Paper for Sports Rights Holders and Content Owners

George Miller

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Sportradar Publishes Second OTT White Paper for Sports Rights Holders and Content Owners
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Sportradar, the leading provider of sports data intelligence, today released its second OTT white paper, The Future of the OTT Experience, in which it examines and explains how rights holders and content owners can best engage with the modern viewer using advanced sports data and statistical insights as part of their video output.

As a pioneer in combining data and video, Sportradar has created a white paper that examines gamification, interaction and personalisation across the video landscape, as well as how the inclusion of betting content and advanced insights can grow engagement with modern audiences and keep them on platforms longer.

The white paper features comment and analysis from Sportradar clients including Borussia Dortmund, Onefootball and the European Volleyball Confederation, offering key takeaway points such as the following:

–          How flexible and scalable OTT features, designed to enhance the experience, can help rights holders stand out in a crowded media landscape.

–          The opportunities that exist for content owners when it comes to personalisation, interaction and gamification overlays.

–          Why data is the key, both when it comes to the personalisation of content and also the overall monetisation strategy.

Felix Blank, Director of Digital Platforms at Sportradar, said: “Following the positive feedback we received around our first white paper – The Monetisation of OTT and Data – we are pleased to be able to continue sharing both our and our clients’ knowledge with rights holders and content owners.

“In a splintered and competitive media landscape, publishers need to ensure their video strategy is as engaging and user-focused as it can be. By using data not only to keep viewers engaged but also properly monetise the overall strategy, rights holders can fully leverage their digital ecosystem.”

Download a copy of The Future of the OTT Experience here.

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Soft2Bet Awarded ISO Certification

George Miller

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Soft2Bet Awarded ISO Certification
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Operator group secures data security and business processes gold standard

 Casino and sportsbook operator group Soft2Bet has been accredited with the leading information security certification, ISO 27001.

The notable achievement demonstrates the group’s commitment to business processes, including the development of online gaming products, data base security, support, and technology infrastructure, as it looks to expand its operations across Europe.

It also certifies the company’s in-house developed IT products, such as the Soft2bet gaming platform and its websites, as well endorsing the trademarks it manages.

Boris Chaikin, CEO at Soft2Bet, said: “We’re very pleased to have been awarded the ISO certification and receive formal recognition of our robust commitment to protecting customer data and running our business the right way.

“When it comes to good practice in the workplace, we measure ourselves against the highest international standards and are confident that this approach will facilitate our expansion into new territories.”

ISO certification also facilitates the process of applying for licenses in new territories, revealing the company’s commitment to enter regulated markets.

Regulators are increasingly acknowledging the value of the ISO 27001 accreditation, with many now waiving certain security auditing requirements if the relevant parties are certified.

Among Soft2Bet’s consumer-facing brands are Malina Casino, Campobet, Zulabet, Wazamba, and Nomini. It also has its own affiliate program, 7Stars Partners.

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