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ISFE Welcomes German Bundestag’s Approval For 50 Million Euros Of Funding For Video Games Sector

George Miller

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ISFE Welcomes German Bundestag’s Approval For 50 Million Euros Of Funding For Video Games Sector
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ISFE welcomes the decision of the German Bundestag to approve a 50 million euro fund in its 2020 Federal budget for the development of video games. In the coming years, there will be 50 million euros in video games funding every year.

ISFE CEO Simon Little said: “This funding commitment by the German Bundestag shows important recognition of the potential for Europe’s exciting video games sector to drive innovation and economic progress.

“Video games represent one of Europe’s most compelling economic success stories, and a rapidly growing segment of its creative industries. Europe’s games ecosystem has spawned generations of technological and creative talent that continues to set new standards in innovation, artistry and immersive storytelling. No other form of creative expression so uniquely combines technical and artistic disciplines in ways that allow audiences to actively participate in the story as that of video games. The industry’s track record for pushing boundaries continues to redefine entertainment, generate new business models, and deliver technologies with wide-ranging cross-over potential. Games deliver experiences that enrich the everyday cultural lives of more than half of all Europeans, and inspire new ways of understanding and interacting with the world around us.”

Please read the news release issued by GAME, the German video games association for the full story.

Industry News

WorldMatch Renovates its Website

Niji Narayan

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WorldMatch Renovates its Website
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Online gaming company WorldMatch has renovated its website to emphasise its 160 slot machines with 70 game engines, 30 table games and all types of video poker, in HTML5 for both desktop and mobile devices. The new site includes a section dedicated to the individual games and the explanation of their technical characteristics.

The new smart search tool allows filtering the slot machines catalogue, according to the required features and as usual, players can play all the games for free to better appreciate the gaming experience. Real-time updates about the release of new titles, partnerships and participation in events are available in the News page.

The graphic restyling is aimed at pointing out WorldMatch’s mission: to offer a wide range of games that will meet every player’s taste.

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France’s Française des Jeux Secures New Jackpot Insurance

Niji Narayan

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France’s Française des Jeux Secures New Jackpot Insurance
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Française des Jeux (FDJ), the operator of France’s national lottery games, has announced the implementation of a comprehensive insurance policy to cover its counterparty risk from January 1, 2020.

One of the changes involved in the tax and regulatory reform carried out as part of the privatisation of FDJ was the discontinuation of the “counterparty fund” system.

This reform is part of a broader process of clarifying the relations between the state and the company, which is now responsible for covering counterparty risk through an insurance policy, at its own expense.

FDJ has taken out a comprehensive insurance policy with a number of top-tier French and international insurers and reinsurers to cover its counterparty risk, which will take effect from January 1, 2020.

This contract, drawn up with insurance broker Marsh, provides a guarantee for the gains falling within its scope on an aggregate basis. It provides annual coverage of up to €150 million. All costs related to this insurance policy are in line with expectations and are covered by the planned budget.

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Industry News

GVC Opens New Office in Rome to Unify Operational Teams

Niji Narayan

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GVC Opens New Office in Rome to Unify Operational Teams
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Online gambling company GVC Holdings has opened a new office in Rome. The company has migrated all its Italian divisions to the new office, which will house around 360 staff of its Eurobet, bwin and Gioco Digitale Italia properties.

Located in the Lungotevere district near Rome’s city centre, the new six-floor (approx. 4200 sqm) office will house all the operational teams, servicing a key European market territory for the FTSE enterprise.

GVC details that its Rome office relocation forms part of its final post-Ladbrokes Coral merger plans, driving operational and co-synergy efficiencies across an enlarged group.

Establishing its new Rome office, GVC management states that its enlarged Italian division will be better maintained within the Lungotevere district, securing access to a better transport network in an “area which is one of the best served in greater Rome.”

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