Industry News
From strength to strength, Ivo Doroteia, CEO of Sportingtech, looks at the growing prominence of Portugal’s betting market
Ivo Doroteia, CEO of Sportingtech, looks at the growing prominence of Portugal’s betting market and the country’s prospects for becoming an established presence in Europe
The Portuguese market is one that has often operated in the shadow of its neighbor, Spain. With good reason: a much larger country, it possesses a player base that dwarfs Portugal’s and has always historically been further ahead in terms of regulating online gambling.
Prospects for a narrowing of the gap between the two came following the introduction of a regulated online framework in 2015, though optimism for positive change in Portugal was initially met with skepticism in equal measure. The naysayers were inevitably proved wrong; today, market growth is clear to see, with several high-profile operators performing well in the region, even in comparison to other, much larger European countries.
From my perspective, this was expected – Portugal’s land-based industry has always been robust, with bricks-and-mortar casinos consistently displaying good numbers for the likes of lottery and bingo, and the renaissance of sports betting is just another string to the market’s bow.
These past 18 months have seen a dramatic shift in fortunes for the Portuguese market – figures from Q4 2020 onwards show strong growth for gambling in the country, with sports betting leading the charge. The growth can be attributed to a number of factors, including Covid-induced lockdowns benefiting the shift from land-based to online and a changing of fiscal policies in 2020 removing the higher rates of tax for betting and gaming.
Whatever the cause, it is clear today that the presence of top-tier industry players now makes Portugal an extremely attractive proposition indeed, and no one is better positioned to take advantage of this fact than Sportingtech, with its extensive knowledge of the market and varied range of leading sports betting platforms.
Portugal is a country with sports at its heart, and now it has an effective means to bet on it. Questions have been raised about the long-term viability of this growth, some suggesting that a post-lockdown world will revert to type, with land-based betting once again taking precedent.
I disagree with this sentiment – the ingredients for sustained success are very much present in Portugal and I see no reason to suggest that this market will be anything other than a bastion for sports betting on the worldwide stage. The difficult battle, acquisition, has already been won – retention is now the market’s key directive. Sportingtech’s Quantum platform is expertly placed to assist in this – Quantum Power, for instance, is designed to improve and boost both player acquisition and retention and is a fully localized product, featuring open APIs for full integration and customization.
The sharp increase in numbers will level out in time, but this is to be expected. What the market must do to future-proof the progress it has made is provide stability with robust and scalable platforms. This, combined with high-quality content and good UI/UX, will provide a workable framework for a continuation of current trends. This would, in turn, attract even more tier-one operators who, once established with a tried-and-true platform like Quantum, could fuel the second wave of growth.
Online gambling in Portugal has now established itself, and emphatically so. While proceeding with caution, the market must take constructive steps to solidify its position as a potential cornerstone of the European industry. Putting faith in the platforms that have already proved they are worthy of fuelling growth, such as Quantum, is one such step. The stage is set for this market to truly make its mark on the betting industry: underestimate it at your peril.
Industry News
Does ESPN’s Legacy Offer an Edge in the Betting Landscape?
In a landscape dominated by established players and disruptive newcomers, ESPN’s foray into sports betting raises a compelling question: can the iconic sports media brand leverage its legacy to secure an advantage in this competitive market? As sports betting continues to grow in the U.S., fueled by the 2018 Supreme Court decision to overturn PASPA, the convergence of media and wagering has created fertile ground for innovation. ESPN, synonymous with sports entertainment for decades, seems poised to capitalize on this evolution, but its success is far from guaranteed.
ESPN’s Brand Equity: A Built-in Advantage?
ESPN’s brand recognition is unparalleled in the sports world. For millions, the network is a trusted source of news, analysis, and live sports content. This established trust is a critical asset in the betting industry, where credibility and reliability significantly influence customer choices. Unlike newer entrants, ESPN doesn’t need to build its audience from scratch—it can tap into a loyal base of sports fans who already engage with its ecosystem.
Moreover, ESPN’s ability to integrate betting content seamlessly into its broadcasts and digital platforms could offer a unique edge. From real-time odds updates during games to expert betting analysis on flagship shows, ESPN has the infrastructure to make sports betting a natural extension of its content offerings.
Challenges in the Competitive Landscape
Despite its advantages, ESPN faces significant hurdles. The sports betting industry is fiercely competitive, with established operators like DraftKings, FanDuel, and BetMGM already commanding substantial market share. These companies have invested heavily in user acquisition, technology, and partnerships to dominate the space.
For ESPN, entering this saturated market requires more than brand strength. Success will hinge on its ability to deliver a compelling user experience, innovative features, and competitive odds. The network’s partnership with Penn Entertainment, which includes rebranding Penn’s sportsbook to ESPN Bet, is a strategic move. However, Penn’s track record in the betting space has been mixed, and its previous ventures with Barstool Sportsbook fell short of expectations.
The Role of Cross-Promotion and Content Integration
One of ESPN’s most significant advantages lies in its ability to cross-promote its betting platform across multiple channels. With a vast array of digital assets, including ESPN.com, the ESPN app, and its social media presence, the network can drive traffic to ESPN Bet in ways that few competitors can match.
Content integration also presents a unique opportunity. By embedding betting features directly into live broadcasts and digital experiences, ESPN can create a seamless journey from watching to wagering. For instance, interactive features allowing viewers to place bets on in-game events without leaving the broadcast could redefine the sports betting experience.
Trust and Responsible Gambling
In an industry often criticized for its potential to encourage problem gambling, ESPN’s reputation as a responsible and family-friendly brand will be scrutinized. The network must navigate this tension carefully, balancing the promotion of its betting platform with a commitment to responsible gambling practices. Transparent communication, robust player protection measures, and partnerships with advocacy groups will be essential to maintaining its credibility.
The Future of Media and Sports Betting
ESPN’s venture into sports betting is part of a broader trend of media companies entering the gambling space. Competitors like FOX Bet and NBC’s partnership with PointsBet have demonstrated varying degrees of success, highlighting both the potential and pitfalls of such initiatives. For ESPN, the stakes are high. A successful entry could solidify its position as a leader in sports entertainment and open new revenue streams. Failure, however, could tarnish its legacy.
Ultimately, ESPN’s success in sports betting will depend on its ability to leverage its brand while innovating in a rapidly evolving market. By combining its unparalleled reach with strategic partnerships and a focus on responsible gambling, ESPN has the potential to redefine the sports betting experience. Whether this potential translates into market dominance remains to be seen, but one thing is clear: the intersection of media and betting is just getting started.
Industry News
EGBA: Record Participation As European Safer Gambling Week Expands to 26 Countries
The European Gaming and Betting Association (EGBA) announced record-breaking results from its fourth annual European Safer Gambling Week, held 18-24 November. The initiative – which included a social media campaign and events programme – demonstrated the broader European sector’s strengthening commitment to safer gambling through new levels of participation and expanded geographic reach.
The campaign saw record engagement with 195 partners actively participating – a 20% increase from 2023. Eight national gambling authorities participated, more than double the previous year, by either joining the social media campaign or speaking at the various events.
The campaign’s reach also expanded significantly to 26 countries – a 30% increase from 2023 – with partners in Croatia, Serbia, Slovakia and Ukraine joining for the first time, reflecting the growing pan-European dimension of the campaign. This was helped by social media graphics being made available in the local languages of 27 countries.
The social media campaign reached 3.1 million users across Facebook, Instagram, LinkedIn and X platforms, generating 1169 social media posts – a 67% increase from the previous year.
A cornerstone of this year’s campaign was its comprehensive events programme, featuring 20 specialised events – an 11% increase from 2023. The events attracted record participation with 4500 registrations and 3000 attendees. Key discussions explored trends in AI, problem gambling prevalence reporting and innovations in safer gambling tools and messaging. The events featured 105 speakers, including senior representatives from gambling authorities in Belgium, Denmark, France and the UK.
The initiative builds on EGBA members’ year-round commitment to safer gambling, which in 2023 resulted in 67 million safety messages sent to their European customers. This dedicated week amplifies these ongoing efforts while encouraging greater collaboration between operators, regulators and harm prevention organisations.
“The success of this year’s edition reflects the sector’s deepening commitment to player protection. The significant increase in participation, especially from health organisations and regulatory authorities, demonstrates the common purpose and growing unity in our approach to safer gambling. Through this collaboration, we’ve reached a record number of Europeans with crucial safety messages during the campaign. Together, we’re making gambling safer and we already look forward to building on this success in next year’s edition,” said Maarten Haijer, Secretary General of EGBA.
Industry News
CT Gaming to Participate in ICE Barcelona 2025
CT Gaming is going to participate in ICE Barcelona 2025, which will take place from 20 to 22 Jan 2025.
“It is always a pleasure to kick off the year at ICE. This year is particularly special as we explore a new location, which we anticipate will bring fresh connections and exciting opportunities,” said Biser Bozhanov, Director of Business Development and Strategies at CT Gaming.
Positioned at stand #3C56, CT Gaming will present an impressive lineup of its signature products alongside exciting new additions, including the multigame Diamond King 4.
“We are eager to showcase our latest offerings and engage with clients, colleagues, and industry professionals to gather their valuable feedback. This year’s selection is a strong testament to CT Gaming’s enduring legacy and commitment to excellence,” added Bozhanov.
Among the products displayed at stand #3C56 will be the slot cabinet NEXT, known for its ultimate comfort and functionality. This cabinet comes with 27″ or 32″ high-definition screens, an optional premium stand, a USB phone charger, a bill validator with a stacker and an enlarged CMS panel for seamless operation. Other representatives from the slot cabinet family are EZ Modulo 32/32/32 and EZ Tower. Both of these cabinets combine sleek designs with advanced technology set to deliver an unparalleled gaming experience.
Alongside the slot cabinets, the company will showcase its staple multigame titles, such as Diamond King 3, Mermaid’s Quest, Tower Link and the newest addition to the multigame portfolio – Diamond King 4. With 40 exciting games, 20 of which are linked to a progressive jackpot, the multigame takes player engagement to new heights. Unlike previous versions, players can now win any of the three jackpot levels directly from the base game, while the cascading white and pink diamonds promise thrilling rewards at every turn. Designed with the next generation of players in mind, Diamond King 4 features enhanced graphics, modern themes and an immersive experience that’s perfectly in sync with today’s gaming landscape. The newly conceptualized linked progressive jackpot, Diamond Tree Deluxe, presents an elevated reward experience with its upgraded features.
Last but not least, CT Gaming will unveil the latest updates to its Casino Management System – Rhino, designed to enhance operator functionality and player engagement.
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