Latest News
NuxGame: Fully-Fledged Risk Management Tools
Sports betting platforms cannot afford any downtime as this may dramatically impact business. To ensure that, Nuxgame offers tools for around-the-clock risk control for uninterrupted gambling services. Based on the risk-threshold limits the system accepts a betting ticket, denies it, or sets a threshold limit value.
Full Risk Control in the Interests of the Customer
Risk management entails identifying, analyzing, and responding to vulnerabilities to future-proof a business. For any business, whether online or traditional, to stand the test of time, proactive measures must be in place to control future outcomes. A good risk management structure sets successful businesses apart from mediocrities or failed ones. Such a system weighs the risks and manages their impacts. The effect of similar risks may be different from one organization to another. Gauging the tolerance level of a business is an essential part of creating an effective risk management system. With proactive risk management, decisions are made based on whether a risk can be avoided, mitigated or accepted if contingencies are developed.
What does risk management include?
Not to be confused with threats. Risk comes in different forms, depending on the company and industry it operates. It explains why industries have different standards for various aspects of operations. The goal of risk management and the business objectives should align. To grow, every business is subjected to uncertainties. Market and geographical expansion top the list of contexts for defining the risk management framework of a company. Also inherent in the context are the company’s products and services and how it introduces them to the market. Strategic linking of the business objectives and risks should include processes, policies, and legal entities. So a company’s risk framework plays a crucial role in combating unforeseen events while also serving as a cornerstone for its future expansion, superior market advantage, and financial growth.
Risk Management Solution Provided by Nuxgame
Part of a sportsbook solution should be monitoring and preventing suspicious activities and behaviors of players. Nuxgame is an online gambling solution that makes it possible to integrate an authorization process for every ticket. Solutions provided by Nuxgame allow setting a specified threshold limit that checks the odds and other parameters before approval.
How Risk Management Helps Betting Business
Creating a holistic risk management system is always business-specific. Any approach for a betting platform considers the type of betting services offered and the region it operates. A viable model, with some tweaking, integrates other betting verticals and adapts to new target markets.
There are different approaches employed in the betting industry to reduce or eliminate the common risks. For instance, the betting market is volatile and requires the operator to have some control. A loss limit is a model that limits operator loss to a predetermined limit. It offsets an excess imbalance in the betting pattern by putting the market on hold when the defined risk is exceeded. Such a balance is crucial for betting operators in maintaining financial security and maximizing profit.
Latest News
7-Eleven selects Jackpot.com as their official lottery partner
Online Lottery Courier Service Jackpot.com Announces Exclusive Collaboration with 7-Eleven, Inc.
Jackpot.com will serve as the official lottery courier service of 7-Eleven, Inc., initially launching in Ohio and Massachusetts
Jackpot.com – the online lottery courier service that allows consumers to purchase official state lottery tickets on their phone, tablet, or computer – announced today an exclusive collaboration with 7-Eleven Inc., the largest convenience store chain in the world, to serve as their official lottery courier service.
As part of the collaboration, 7-Eleven customers in Ohio and Massachusetts will be able to sign up and play lottery games and scratchers on the Jackpot.com app or website. The program will initially be launched in over 600 7-Eleven and Speedway stores in Ohio and Massachusetts, with a special launch promotion that gives 7-Eleven customers a free lottery ticket on their first deposit by using promo code, “7Eleven”.
“We’re thrilled to work with 7-Eleven, the leading retailer of lottery tickets in the country,” said Akshay Khanna, CEO and co-founder of Jackpot.com. “Leveraging our technology and innovation, we can provide additional convenience for their customers, while adding an additional source of revenue. A true win-win relationship for all.”
By launching in Ohio and Massachusetts in 2023 and 2024, respectively, Jackpot.com aims at adding another avenue for player convenience with one of the most widely recognized brands in the convenience-retailing space. With a presence in Ohio, the nation’s seventh-largest lottery market, and Massachusetts, whose state lottery produced $1.2 billion in net profit for the Commonwealth during the 2024 fiscal year, Jackpot.com’s collaboration with 7-Eleven represents an added layer of accessibility for players.
Jackpot.com remains committed to responsible play and has significantly invested in protocols by allowing customers of legal age to set spend limits and limits on daily deposits, all while providing access to local and national responsible gambling resources, self-exclusion, self-suspension and automated notifications that offer help should problematic behavior be detected. Jackpot.com is also the only lottery courier service to launch with an iCap certification from the National Council on Problem Gambling.
To learn more, visit jackpot.com. First-time users can also download the official Jackpot.com Lottery App on the iOS or Android App Stores, where available.
eSports
The World Esports Summit 2024 Is Here!
The IESF World Esports Summit returns this December to Busan, South Korea. Hosted at the Busan Esports Arena (BRENA) from December 5-6, the Summit will bring together prominent figures from Esports, global brands, government officials, and sports executives for a deep dive into the current Esports trends, its rapid transformations, and future challenges.
This year’s theme, “Building Bridges, Not Barriers, Through the Power of Esports,” will highlight the role of Esports in uniting cultures, ideas, and industries. Under the slogan “We Empower Success,” the
Summit provides a great platform for Esports experts to engage in meaningful discussions and sessions, sharing their insights on trends and presenting forward-looking ideas for our industry.
The event, strategically timed at the close of the competitive season, presents a perfect environment for reflection on the year’s biggest events, industry shifts, and the next steps for Esports. Attendees can follow the expert’s perspectives on topics like:
- (R)Evolution in Esports
- East Meets West
- Esports Integrity: The Role of Referees
- The Rise of International Esports Competitions
- (In Korean) Korea’s Secret Sauce etc.
Also, featured at this year’s event are the IESF World Esports Training Camp and the World Esports Referee Academy.
These are very important IESF programs that are aimed at advancing the skills and professional standards of the next generation of Esports leaders.
Join us in Busan for two days designed to inspire, connect, and empower the international Esports community.
Registration for the World Esports Summit is free and open to all interested attendees.
To register, please complete our online registration form: iesf.formstack.com/forms/wes2024_participation_registration
See you in Busan!
eSports
Akhil Sarin CMO at Easygo named as key note at ICE Esports Conference
Clarion Gaming has confirmed that Akhil Sarin CMO at Easygo, the technology powerhouse behind the success of global brands Stake and Kick will headline the Esports & Games Conference (EGC) taking place on 21 January as part of the ICE Barcelona experience. As a key member of the executive team, Akhil Sarin has been instrumental in securing the high-profile partnerships that have accelerated Stake’s growth, including the Stake F1 team, UFC, Drake, and Premier League Everton FC.
Through these strategic alliances he has amplified Stake’s brand presence at the same time as creating unique, immersive player experiences, in the process setting new industry benchmarks.
Announcing the high profile speaker Will Harding, Head of Esports at Clarion Gaming said: “Securing Akhil Sarin as EGC key note at ICE Barcelona represents a remarkable opportunity for our attendees to gain invaluable insight into cutting-edge strategies in digital and influencer marketing .
“Akhil’s expertise with Stake and Kick.com embodies the forward-thinking, innovative approach that defines the digital marketing landscapes. His participation underscores the calibre of knowledge-sharing that we are committed to delivering at ICE and he is sure to both inspire our attendees and elevate their strategic perspective.”
Looking ahead to ICE Barcelona, Akhil Sarin stated: “Collaborating with Clarion Gaming at ICE Barcelona is an exciting opportunity to showcase Stake’s journey and continued focus on bold partnerships and creative marketing strategies that resonate with audiences.”
He added “The EGC is a vital platform for exchanging transformative ideas and shaping the future of gaming and entertainment. I look forward to discussing Stake’s vision and collaborating with industry leaders to inspire growth and innovation across the sector.”
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