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Monte Carlo Operator’s Gaming Revenue Declines 84.5% in Q1 2020

Niji Narayan

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Monte Carlo Operator’s Gaming Revenue Declines 84.5% in Q1 2020
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Monte Carlo casino operator Societe de Bains de Mer has reported revenue of €45.1m for the three months ending on June 30, the first quarter of its 2020-21 fiscal year, a 60.5% year-on-year decline.

The Societe’s gaming sector was particularly badly affected with revenue falling 84.5% to €9.6m after all of its casinos closed in mid-March to limit the spread of the novel coronavirus.

“This decrease is mainly linked to the closure of all establishments on the first two months of the year, but also to lower revenues in June compared to the same period of the previous year given the health crisis and the travel restrictions in effect,” the group said.

While the Casino de Monte-Carlo and the Casino Café de Paris reopened on 2 June in line with Monegasque government guidelines, the Sun Casino and the Bay Casino are still closed.

The Societe’s hotel revenue fell 88.3% year-on-year to €10.8m, while its residential rental revenue grew 14.9% to €24.4m. Other revenue fell 76.7% to €1.5m.

The group said it has implemented strict cost and investment controls to limit the impact of the virus on its finances.

“All investment projects have been reviewed and a reduction has been made in large budgets while non-essential investments have been suspended. In addition, the SBM Group has negotiated with its creditors to create, to the best possible extent, a better distribution of its financial commitments over time,” the group said.

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Casino.org Launches “Player Assist” Service

Niji Narayan

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Casino.org Launches “Player Assist” Service
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Casino review site Casino.org has launched its exclusive “Player Assist” service, bringing a new level of support to its players. The casino review site’s new service allows its users to issue complaints about any of its partner sites in just four simple steps.

A site which puts honest, expert advice at the forefront of everything they do, Casino.org wanted to echo this sentiment further than just choosing a casino through their site. The Player Assist service has been launched to aid them in following through with their users if anything should go wrong past the referral stage.

The feature will run completely independent of the partners on the site, so that they can offer their services 100% free of charge.

Casino.org is one of the most popular guides to online casinos and gambling. Its team of experts provides players with a wealth of information to help them guarantee safe play online and win more.

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Spain’s CONFAD Publishes Action Plan for 2020/2021

Niji Narayan

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Spain’s CONFAD Publishes Action Plan for 2020/2021
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Spain’s National Commission to Combat the Manipulation of Sports Competitions and Betting Fraud (CONFAD) has published its action plan for 2020/2021, outlining 21 directives to safeguard the integrity of Spanish sports.

Supporting CONFAD directives, Spain’s Consumer Affairs Ministry states that the action plan will be implemented by the DGOJ and further coordinated with Spain’s National Sports Council, federal police force and Guardia Civil.

CONFAD and government counterparts will work together to improve all Spanish professional sports understanding of integrity threats and competition fraud related to betting. Initiatives include developing a training programme for athletes, coaches and further stakeholders on identifying integrity risks and criminal activities.

The action plan further aims to improve all core disciplines related to integrity monitoring and reporting of suspicious events, improving data transfer and cooperation frameworks between sports clubs, betting operators, government departments and police agencies.

As a final objective, CONFAD and its government counterparts will work to ensure that Spain’s legal framework is “accurately adjusted” to help prosecute sports integrity criminal cases.

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BetConstruct Adds Hi-Lo to its Live Casino Portfolio

Niji Narayan

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BetConstruct Adds Hi-Lo to its Live Casino Portfolio
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BetConstruct has enhanced its live casino offering by launching Hi-Lo game. Hi-Lo is an adaptation of The Higher Lower, which was once a viral web game.

 Hi-Lo is a live game which suggests players predict whether the next card dealt by a dealer is of a higher, lower or equal value to the one lying face-up on the table. Apart from a single prediction, Hi-Lo allows for a number of side bets which liven up the game and add up revenue figures.

Hi-Lo is perhaps the most straightforward game within BetConstruct’s portfolio. However, the simplicity of the rules in no way diminishes the game’s appeal to players or decreases the profitability for operators.

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