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90 suspicious betting alerts reported by IBIA in Q2 2024

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90 suspicious betting alerts reported by IBIA in Q2 2024
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The International Betting Integrity Association (IBIA) reported 90 alerts of suspicious betting to the relevant authorities in the second quarter (Q2) of 2024.

The Q2 2024 total is 3% less that the revised figure of 93 alerts in Q1 2024 and an increase of 80% when compared to the Q2 2023 total of 50 alerts. IBIA and its growing membership monitor over $300bn per annum in betting turnover (handle) across more than 125 sports betting brands globally, making IBIA the largest betting integrity monitor of its type in the world.

The 90 incidents of suspicious betting in Q2 concerned 8 sports, across 25 countries and 5 continents. Other key data for Q2 2024 includes:

  • Three sports (eSports, football, table tennis) accounted for 84% of all alerts in Q2.
  • eSports provided around 50% of the Q2 total; however, the majority of those alerts concern a single linked case, which has also contributed to a revised Q1 figure of 43.
  • Poland had the highest number of country specific alerts with 6 cases.
  • The 19 alerts on sporting events in Europe in Q2 2024 is an increase of 15 on the 4 alerts in Q1, but a decrease on the 31 cases in Q2 2023.

Khalid Ali, IBIA CEO, said: “An increase in the Q2 and revised Q1 alerts compared to previous quarters is primarily related to a linked case in eSports. The situation is being monitored closely and heightened vigilance advocated as we seek to work with stakeholders to investigate. While the increase in alerts may understandably draw attention, it should be noted that eSports saw a significant reduction in annual alerts across IBIA’s membership in 2023. The case again highlights the importance and effectiveness of customer account monitoring in the detection of suspicious betting and the protection of sporting events, consumers and regulated betting markets.”

The Q2 integrity report includes a focus on Brazil ahead of the opening of the market to licensed operators which is expected to see $34bn in betting turnover onshore, creating $2.8bn in taxable revenue by 2028. IBIA has also recently called for other Latin American jurisdictions to adopt the Brazilian regulatory framework and integrity provisions, which include a requirement that licensed sports betting operators should join an independent integrity monitoring body.

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“INTRALOT announces Revenue at €173.6m and EBITDA at €59.5m in 1H24”

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INTRALOT SA (RIC: INLr.AT, Bloomberg: INLOT GA), an international gaming solutions and
operations leader, announces its financial results for the six-month period ended June 30th, 2024,
prepared in accordance with IFRS.

Group Revenue at €173.6m in 1H24 (-0.9% y-o-y, including the impact of €-10.3m due to the exchange rate movement in Argentina within December 2023).

  •  EBITDA at €59.5m (-5.3% y-o-y) in 1H24, with EBITDA margin reaching 34.3%.
  •  EBT in 1H24 shaped at €6.1m and NIATMI (Net Income After Tax and Minority Interest) at €4.6m, higher by 4.4% vs. 1H23.
  •  Operating Cash Flow at €45.0m in 1H24.
  •  Group CAPEX in 1H24 was €11.7m.
  •  Group Cash at the end of 1H24 at €85.4m.
  •  Adjusted Net Debt at €338.2m at the end of 1H24, lower by €142.3m vs. 1H23.
  •  Adjusted Net Leverage ratio at 2.7x in 1H24. In the respective period last year, Net Leverage ratio shaped at 3.7x.
  •  On June 11, 2024, INTRALOT announced the successful migration of the British Columbia Lottery Corporation’s (BCLC) retail lottery system to its innovative LotosX Omni ecosystem fully deployed on a Cloud technology stack. This achievement signifies a major milestone for INTRALOT in North America, while making BCLC one of the first lotteries in the world to adopt a fully cloud-based lottery system.
  •  On August 26, 2024, INTRALOT S.A. announced the three-year contract extension of its subsidiary in The Netherlands, INTRALOT BENELUX B.V., with Nederlandse Loterij Organisatie B.V. (NLO) to continue providing operations and management services for TOTO retail sportsbook has been activated. TOTO is the sports betting brand of NLO and is operated through a retail network of 4,000 POS. The contract extension is through June 2027.
  •  Also, on August 26, 2024, INTRALOT S.A. announced that its subsidiary in Ireland, INTRALOT Ireland Ltd., has signed a three-year (3) contract extension, through November 2027, with Premier Lotteries Ireland DAC (PLI). This extension allows INTRALOT to continue providing its advanced central gaming system for the operation of the National Lottery of Ireland through a retail network of more than 4,300 INTRALOT terminals, as well as serving mobile and web players.

Note:  Due to rounding, numbers presented throughout this, and other documents may not add up precisely to the totals.

For the entire report check the attached document

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Play’n GO Music announces collaboration with EDM artist Humansion for Quantum Rush release

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Music division of the Swedish-founded gaming giant announces hit single release as part of collaboration with MoneyGram Haas F1 Team

Play’n GO Music, the music division of the world’s leading casino entertainment provider, has today announced a collaboration with renowned EDM artist Humansion to release an exclusive single, Quantum  Rush, another feature of its partnership with MoneyGram Haas F1 Team.

Quantum Rush is a unique project in the world of motor-racing and is the first collaboration of its kind involving a professional motorsport team. The song is available as of today on all music streaming platforms and is the product of months of behind-the-scenes work between Play’n GO Music and the up-and-coming Canadian artist Humansion. The single was produced on behalf of MoneyGram Haas F1 Team as part of its collaboration with Play’n GO Music and will serve as a pump-up track for both fans and staff of the American motorsport team ahead of race weekends.

Quantum Rush will be officially released at 5pm this afternoon ahead of the race weekend in Monza and is just the latest release under the Play’n GO Music brand, all of which can be found on spotify.  

Check out the Play’n GO Music Instagram page at 5pm on August 30th for more information.

Ebba Arnred, Chief Marketing Officer and Co-Founder, Play’n GO said: “We’re very proud of the success of Play’n GO Music in the short time since it launched, and this might be our coolest project to date. We really admire the work created by Humansion, and it’s very exciting to have an artist of his quality working with our brand, and all the more exciting to do so in collaboration with our friends at MoneyGram Haas F1 Team. We’ve already seen the popularity of our playlists with the team this summer, and we’re hopeful that this might be our best collaboration yet.”

Ayao Komatsu, Team Principal at MoneyGram Haas F1 Team said: “As fans of my Ayao’s Anthems playlist will already know, EDM music doesn’t feature too heavily in my day-to-day listening, but I have a feeling that might change with the release of Quantum Rush. Everyone at MoneyGram Haas F1 Team has really enjoyed working with Play’n GO music on our playlists this year, and this latest collaboration with the team to have this song produced for us is really awesome.”

Humansion, EDM artist and Quantum Rush creator added: “This collaboration is more than just music… It’s a fusion of creative minds and hearts, a journey that’s challenged and inspired us both. I’m so excited for you to hear what we’ve been creating together!”

To find out more about Play’n GO’s partnership with MoneyGram Haas F1 Team, and well as more about Play’n GO Music, please visit: playngo.com.

 

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NetGaming Enters Ontario iGaming Market

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NetGaming Expands into Ontario’s Igaming Market

NetGaming, a global provider of innovative and high-quality online casino games, is proud to announce its official entry into Ontario’s regulated iGaming market in partnership with BetMGM. This launch marks a significant milestone in NetGaming’s ongoing expansion strategy and reinforces its commitment to providing world-class gaming experiences in regulated markets globally. Earlier this month, NetGaming successfully launched in New Jersey, one of the largest iGaming markets in the USA.

Over the coming months, NetGaming will integrate its diverse portfolio with more online casino operators in Ontario, offering players in the region access to a wide range of engaging and immersive online casino games. NetGaming’s offerings include a variety of slots, table games, and non-traditional content, all designed with a focus on innovation, player engagement, and responsible gaming.

Pallavi Deshmukh, CEO of NetGaming, commented on the expansion, saying, “We are thrilled to enter the Ontario iGaming market with BetMGM. This move is a testament to our ongoing efforts to expand our footprint in regulated markets and bring our top-tier gaming content, such as Wicked Wins – Fortune Pick, Zeus’s Thunderbolt 5000, and Fireball Inferno, to new audiences. Ontario is a dynamic and rapidly growing market, and we are excited to offer players in the region a unique and thrilling gaming experience.”

Ontario’s regulated casino market represents a significant opportunity for growth, and NetGaming is well-positioned to meet the needs of this market with its compelling game content. This entry into Ontario is part of NetGaming’s broader strategy to expand its presence in key regulated markets globally, following successful launches in Europe and other North American regions.

 

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