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STS Completes Acquisition of Betsys

Niji Narayan

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STS Completes Acquisition of Betsys
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Polish bookmaking giant STS has completed the acquisition of Czech betting software provider Betsys.

Under the agreement, the terms of which were not disclosed, STS will take full ownership of Betsys, a software business in which it was already the majority shareholder. It acquired a 50% stake in the supplier’s parent company Greep in April 2017.

Betsys is STS’s main provider of software for both online and retail channels, and also counts the likes of Czech gaming conglomerate Sazka among its clients.

STS did not state what impact the acquisition would have on its financial results, but did reveal that Betsys generates “revenues of several million Euros per year.”

“This is a significant investment which secures our further development. The proprietary bookmaking system, and the possibility for its in-house development, constitutes a key advantage in our industry. We have already been generating more than 85% of our revenues via online channels, so further growth in IT solutions is of strategic value to us,” Mateusz Juroszek, chief executive of STS, said.

“The integration of Betsys and STS is not only a confirmation of the high quality of our services but above all, it allows us to expand our competence in the sector of IT solutions for the bookmaking industry, which is growing dynamically,” Jiri Najman, chief executive of Betsys, said.

“Betsys, as part of the STS Group, is guaranteed stable growth and the possibility of creating and developing significant competitive advantages for the bookmaker in terms of technology,” Jiri Najman added.

Central Europe

RTSmunity strengthen their position on the european market with forBET partnership

George Miller

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RTSmunity strengthen their position on the european market with forBET partnership
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RTSmunity, esports odds and trading provider, continue their expansion on european betting market with new partnership. The new cooperation with polish sportsbook operator forBET comes in a time where many major sports are facing problems, and esports are working as a stable stream of revenue. Customers of forBET will now be able to experience the top esports offer, improved in every measurable aspect – number of markets, uptime, odds.

The partnership between RTSmunity and forBET confirms the strategy that RTSmunity outlined earlier this year, which is continuous expansion on the european market, combined with new partnerships in the US and LatAm region. With many sportsbook operators looking to esports in a new new perspective, forBET demonstrated ability to be fast and agile company, by quickly enhancing their esports betting offer through RTSmunity odds feed.

Pavol Krasnovský, CEO of RTSmunity, said: We are very happy to start a new partnership with forBET. They have been able to succeed in very competitive betting market in Poland, and bringing their esports offer to the top level is the obvious step forward. We are very confident in our solution, and we have demonstrated that we are able to make esports a growing stream of revenue for sportsbook operators.

Petr Pacinek, General Director of forBET, said: The cooperation we have just started is a clear signal of the way we have chosen – continuous improvement of our offer, in order to support growth of our market share. Esports betting is still a developing industry, but already very competitive, and you can’t succeed without having the best offer. That’s why we have chosen RTSmunity to be our new partner, and we count on them to bring us to the top.

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Central Europe

German States in Discussion Over Possible Transition Period for iGaming

Niji Narayan

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German States in Discussion Over Possible Transition Period for iGaming
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Several German states are in discussions over a potential transition period that could allow operators to continue offering online casino products until the vertical is legalised from July 2021.

The exact nature of the discussions and whether this would allow operators to provide online casino without any sort of restriction, is as yet unclear, with reports telling that they do not want to pre-empt the talks.

“The federal states are currently coordinating the extent to which enforcement measures against illegal gambling can be effectively implemented in the transition phase,” a spokesperson for the state government of Nordrhein-Westfalen said.

While other states are yet to respond to requests for comment, local media reports that the chancelleries in Bavaria, Hamburg and Berlin are also involved in the discussions.

The discussions are playing out ahead of the implementation of the Glücksspielneuregulierungstaatsvertrag (GlüNeuRStV) from 1 July 2021. This revised regulatory model, which is currently subject to a standstill period as it is considered by the European Commission, expands the online market beyond sports betting for the first time.

From July next year, online casino and poker will be regulated, albeit under strict conditions, such as a €1 per spin cap on slot stakes, and table games licences restricted to the number of land-based casinos in each state.

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Central Europe

Illegal Gambling on the Rise in Austria

Niji Narayan

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Illegal Gambling on the Rise in Austria
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The Austrian Financial Police have carried out a total of 278 inspections on suspected black market gambling venues since January, resulting in the confiscation of over 660 gaming machines. Over half of the seized machines were found in Vienna, the capital city of Austria.

In a statement issued on July 28, Austria’s financial police set out the progress it has made this year towards a reduction in illegal gambling in the country. It made clear that the majority of illegal gambling activity is taking place in larger urban centres such as Vienna and Linz.

In rural areas, illegal gambling has been largely reduced – for example, in the states of Burgenland, Styria and Vorarlberg combined, only two devices have been found since January.

“I congratulate the colleagues from the financial police on these remarkable successes. Illegal gambling is now concentrated in the metropolitan areas and – thanks to the excellent work of the financial police – is no longer active across the country,” Austria’s finance minister Gernot Blümel said.

“The fight against organised illegal gambling will of course continue to protect players. The ‘gambling mafia’ benefits from peoples addiction and destroys their finances, so we must show absolutely no tolerance here,” he added.

Finance minister Blümel called this year for the creation of an independent gambling regulator for Austria, taking responsibility for the activity away from the treasury.

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