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LVBet goes live with LVision’s BetBooster across multiple brands

George Miller

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LVBet goes live with LVision’s BetBooster across multiple brands
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Leading operator adds AI-driven bet stimulation tool to three flagship sites

LVBet has gone live with LVision’s unique AI bet stimulation technology to drive further revenues and provide unrivaled levels of player engagement across three flagship sportsbook brands.

LVBet is a leading operator across multiple regulated markets. The company has integrated LVision’s BetBooster product across Lvbet. com, Lvbet.lv in Latvia and EnergyBet. com.

LVision’s flagship BetBooster product is a fully automated, data-driven sports insights service based on historical data, live incidents, and AI analysis. Delivered as a widget or API, the product covers both pre-match and in-play odds and is compatible with more than 100 popular betting markets.

Provided with full bet slip integration, the product provides brands with instant bet stimulation with proven results of at least 15% increase in turnover and stakes.

BetBooster currently covers tennis, soccer and basketball with more sports to be added throughout 2021 including cricket, esports and major US sports. Its AI-based insights come in multiple languages to maximise reach and stands at an average of more than 20 million insights per year.

New data from four leading LVision operator partners has shown BetBooster to increase the average number of weekly pre-match and in-play bets by up to 18,000 and 2,500 bets respectively, with steady growth.

LVision’s innovative product range of advanced data-driven bet stimulation tools are proven to increase sportsbook turnover and engagement. Its services include a variety of bet stimulation products such as live, high-quality, visualisation of sports, tennis player props markets, re-visualising historical tennis matches into new 24/7 content, and much more.

Ido Lazar, Founder and CEO of LVision, said: “We have signed some of the industry’s biggest operators in recent months and they have instantly seen the benefits of our unique AI-driven products. I’m thrilled LVBet has gone live with BetBooster and look forward to seeing the results come through in what promises to be a huge year for LVision.”

Marcin Doszczeczko, CEO, LVBet, said: “LVision’s BetBooster adds a new dimension to three of our biggest brands, further enhancing our customers’ sports betting experiences and driving additional revenues in an action-packed year of sport. We’re delighted with the results so far.”

Baltics

Lithuanian Regulator Issues Fine for Illegal Ads on Basketball Website

Niji Narayan

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Lithuanian Regulator Issues Fine for Illegal Ads on Basketball Website
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Lithuania’s Gambling Supervisory Authority has fined an employee of a digital media business for placing illegal gambling ads on basketball news and information website Krepšinis.net, after a court confirmed its authority to take action.

The site was found to be hosting gambling ads with slogans and animated backgrounds, and featuring promotional bonuses, all of which are prohibited under Lithuanian regulations. These ads also lacked the mandatory warnings required in gambling ads.

The regulator said that Krepšinis.net had been a “refuge for illegal gambling advertising for several years.” This, it explained, was due to the site being registered outside of Lithuania, making it difficult to enforce advertising regulations.

However, the Vilnius City District Court ruled that advertising gambling in a way that contravenes Lithuanian law on the site is not permitted, as the site targets Lithuanian customers.

“With gambling advertised on Krepšinis.net, law-abiding Lithuanian portals found themselves in an unequal situation, and citizens were illegally encouraged to participate in gambling,” the regulator explained.

After conducting an investigation, the Gambling Supervisory Authority determined that the ads were placed by a business named UAB All Media Digital, which provides advertising services for websites. As a result, the employee responsible for placing the ads was fined €1500.

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Baltics

Tom Horn Gaming continues Latvian charge with SynotTip

Zoltan Tundik

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Tom Horn Gaming has deepened its Latvian footprint after taking its portfolio of award-winning slot games live with SynotTip, an operator brand powered by SYNOT Interactive, part of the SYNOT Group.

SynotTip runs on a platform provided by a Czech content aggregator and platform provider SYNOT Interactive and is lauded as one of the biggest operator brands in Latvia, with a number of new players steadily growing every day.

Through the agreement with SYNOT Interactive, the operator’s users are now able to enjoy Tom Horn’s popular titles like 243 Crystal Fruits, The Secret of Ba as well as some of the most recent additions.

Ondrej Lapides, CEO at Tom Horn Gaming said of the partnership: “Combining our strong product and the local competence of SynotTip allows us to confidently look forward to strengthening our presence in Latvia. Our focus on high quality content and superb technology aligns well with our new partners.

We already see that our products are in huge demand among Latvian players and we’re looking forward to catering to their increasing appetite for an exciting online gaming experience that is safe and fair going forward.”

“We’re extremely happy to onboard Tom Horn Gaming as we continue to improve our content offering with exciting new titles that appeal to local audiences. Tom Horn Gaming is a leading igaming supplier in many markets, including the Baltics, and its expertise in slot provision coupled with a profound knowledge of the local player preferences is a guarantee of success.

We’re sure this will be a long-lasting and fruitful partnership and together we will grow our footprint in many regulated markets for years to come, “ added Michal Hýbl, CEO at SYNOT Interactive.

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Baltics

Entain Plc Completes All Enlabs Takeover Duties

Niji Narayan

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Entain Plc Completes All Enlabs Takeover Duties
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Entain Plc has announced that it has contractually completed its €370 million takeover of online gambling group Enlabs AB.

Issuing a market statement, Entain confirmed that it had secured 67 million Enlabs shares, corresponding to 96% of the Nordic Nasdaq First North firm’s total shareholding.

Prior to this announcement, 94% of Enlabs shareholders had approved of Entain’s revised SEK 53 per share offer, disclosed on 22 March – qualifying its takeover approach as unconditional for Enlabs shareholders.

As part of its buyout obligations, Entain had extended its offer acceptance period until April 1, in order to enable existing Enlabs shareholders to accept its deal terms.

Completing its outstanding duties, Entain maintains its revised deal timetable in which the FTSE100 betting group expects to declare the full settlement of its Enlabs takeover on April 13.

Updating stakeholders, Entain emphasised that remaining unsettled Enlabs shares held “no financial exposure,” allowing the company to proceed with the full settlement of its deal – for which Entain will not extend its acceptance period any further.

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