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Report says stake reduction on FOBTs has positive effect

Niji Narayan

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Report says stake reduction on FOBTs has positive effect
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The UK government’s recent decision to reduce the stakes on fixed odds betting terminals (FOBTs) has produced social responsibility measures that are “fit for purpose,” a report by the Regulatory Policy Committee says. The Regulatory Policy Committee is a government body charged with providing external, independent scrutiny of new regulations.

The decision to reduce stakes was made to reduce gambling-related harm.

The report used a recent study by the Institute for Public Policy Research to illustrate the consequences and costs of gambling-related harm to society and another report from the Centre for Economics and Business Research that suggested that FOBT gamblers were placing a cost upon themselves and their families of £1.5bn, although the DCMS was unable to substantiate these estimates.

The Regulatory Policy Committee says that at the start of the process of reducing the stakes, the UK had 33,611 FOBTs, 191 in casinos and the rest in betting shops, of which the country had 8677 in March 2017. They had a gross gambling yield of £1.8bn. The DCMS now believes that the imposition of the limitations on stakes will cost the industry £540m.

The GGY losses, says the RPC, may be mitigated by players choosing to gamble at a lower level for longer, with sessions estimated to last on average 28 per cent longer. Other estimates show that the number of people who will no longer play FOBTs may be reduced by 10 per cent.

The report suggests that some improvements to the process of gathering data and analysis might be introduced, including an even closer working relationship between the DCMS and the Gambling Commission to develop a monitoring and evaluation strategy. It also suggests that the DCMS considers the potential impact of electronic, notes, and coins payment methods on staking behaviour.

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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Betmotion Migrates to Patagonia Platform

Niji Narayan

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Betmotion Migrates to Patagonia Platform
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The Latin American Gaming Platform Betmotion has migrated its online gambling offering to a brand new omni-channel platform powered by Patagonia Entertainment. The mobile-first platform will give Betmotion customers an enhanced user experience.

Much of that market dominance has come from Betmotion’s sportsbook and Patagonia’s platform will build on that momentum thanks to its wide selection of world-class proprietary and third-party games.

These additional games will complement Betmotion’s market-leading iGaming offering. Betmotion now boasts of a one-stop-shop to satisfy all demand across the intricate LatAm territory. Players will be able to clearly differentiate between their bonus balance and real-money balance thanks to Patagonia’s independent wallet design.

Patagonia Entertainment’s platform will enable Betmotion.com to provide an unrivalled user experience and offering its customers a unique state-of-the-art home for entertainment.

“The first half of the year has been one of relentless growth for the business and our migration to the Patagonia Entertainment platform sets us up perfectly for accelerated expansion. Our mobile-first strategy and dedication to offering the best user experience possible is key to further success in LatAm,” Betmotion.com’s COO Luis Traversa said.

“Our omni-channel platform will enable Betmotion to diversify its offering and continue its strong growth in Latin America. We’re thrilled to welcome Betmotion as a partner and give our games extra exposure,” Victor Arias, Patagonia Entertainment’s Global Business Development Manager said.

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Wildz Casino Pairs Machine Learning and Automation with iGaming

Niji Narayan

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Wildz Casino Pairs Machine Learning and Automation with iGaming
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Wildz Casino has paired the Machine Learning and Automation with iGaming. Wildz Casino, powered by a Rootz platform, entered the gaming sector at a time when innovation and “Machine Learning” are emerging as dominant factors in this industry.

In the iGaming industry, the innovative team behind Wildz.com is leading the charge into a “Machine Learning” assisted future. By 2025, the global AI market is projected to be valued at almost $60 billion. Wildz entered the market with a perfectly functioning machine having superb player incentives and unrivalled Loyalty programmes.

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RummyCircle Names Prosenjit Chatterjee as Brand Ambassador

Niji Narayan

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RummyCircle Names Prosenjit Chatterjee as Brand Ambassador
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Online rummy platform RummyCircle has selected popular Bengali actor Prosenjit Chatterjee as its Brand Ambassador.

RummyCircle, the largest online rummy platform in India, is an initiative of Play Games24x7 Pvt. Ltd. Prosenjit Chatterjee who has spent years on the wide screen is a big fan of the popular Indian card game rummy.

“Bengali people have always been fond of card games and rummy is one of the best entertaining card games of India. I am sure everyone will love this new experience of playing the card game online on rummycircle.com with players from all over India. It is really great fun,” Prosenjit said.

The brand unveils its new marketing campaign running with the name #BhorpurManoranjan, giving a completely new fan experience to its players.

“Online rummy is all about entertainment, what we call #BharpurManoranjan. And who better than Mr. Prosenjit Chatterjee who has been the face of the entertainment industry in West Bengal for over a decade. We are very excited to have such a talented person as our brand face and hopefully Bengalis will love playing online Rummy,” Avik Das Kanungo, Brand Head of RummyCircle said.

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