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Gambling Business Group urges DCMS to act on gaming regulation

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Gambling Business Group urges DCMS to act on gaming regulation
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April 26, 2018 London – Peter Hannibal, Chief Executive of the cross sector strategic body, the Gambling Business Group, has called on the government to create a new organisation dedicated to the regulation of time loot boxes and skins, the in- video game cosmetics which change the appearance of weapons or characters. Frequently utilised as virtual currency for betting, skins are then cashed-in for real money via online trading platforms. A 2017 study by the UK Gambling Commission found that 11% of 11-16 year olds in the UK had placed bets with skins, a statistic that suggests around 500,000 children under the age of 15 could be using skins for gambling.

Hannibal’s request follows the publication of the report Daily Fantasy Sports & In-Game Gambling; Skins and Loot Boxes 2018-2022, by Juniper Research, which predicts that total spend will reach $50 billion by 2022, up from under $30 billion this year, growth of some 60 percent.

Research author Lauren Foye explained: “Skins are acquired both through playing video games and from opening purchased loot boxes. These items have value depending on rarity and popularity within game communities. On PCs, skins are traded for real money via Steam’s ‘Marketplace’; the platform has 125 million registered users globally.

According to the report issues arise where third-party websites facilitate wagering of skins on eSports matches and casino-style games in the process creating an unregulated gambling market, a development which it argues, should be of great concern to regulators.

Peter Hannibal explained: “The video gaming or eSports world is a good example of where addiction is on the increase, particularly with the young. The UK Gambling Commission has been struggling to reach a firm position on issues with gaming in a society where there is a natural propensity to conflate the two things. I would question whether it’s really for the Gambling Commission to regulate a completely separate sector.
“Instead the DCMS should ensure that gaming has its own industry regulator and the Gambling Commission should liaise with them as they do with other associated regulatory bodies. It’s not for the gambling sector to fix the problems surrounding addiction, fairness and transparency that are being created by another separate industry over which we have no control.

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BETER’s Setka Cup opens table tennis arena in Poland

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Setka Cup, the international table tennis platform, has opened its venue in Gdańsk, Poland. This is the 13th sports arena of the Setka Cup, powered by betting and gaming content provider BETER, and the first launched by the platform in Poland. The opening of Gdańsk sports venue is another step in the Setka Cup’s ambitious expansion strategy.

The new table tennis arena will hold one tournament a day. The tournament system consists of round-robin stages in which 6 players compete with each other for prizes. In total, the tournament includes 15 fast matches. Thus, BETER will provide its operator partners with 450+ additional matches every month.

The Setka Cup has already launched sports locations in several European cities, such as Prague and Chisinau, as well as in a range of Ukrainian cities, including Kyiv, Dnipro, Sumy, and Lviv, collaborating with local table tennis federations and associations.

Being powered by BETER, Setka Cup organizes more than 10,000 fast and dynamic table tennis events every month, available via BETER Sports with live streaming, data and odds. Each match lasts around 30 minutes, giving viewers plenty of time to soak up the action and pick the best bets from up to 25 different markets of each event.

Maria Mashchenko, General Manager of BETER Sports, said: “We are thrilled to share news about the Setka Cup’s international development. The launch of the new arena will strengthen and expand our tournaments and sports community, which already consists of 800 athletes.
Setka Cup’s tournaments comply with the principles and rules of fair play, which are part of BETER’s in-house Integrity policy. All events of the Setka Cup maintain a consistently stable margin, fit the high demands of the betting industry, and are designed to meet the needs of next-gen players.”

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The Second Phase of Fasttoken’s Private Sale is Open

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The Second Phase of Fasttoken's Private Sale is Open
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On November 29-30, the Harmony Meetup 3.0 by Fastex hosted around 300 partners from around the world in a fantastic Web3-based gathering for Fastex and Betconstruct partners.

Within two days, the industry’s leading professionals gathered for exciting discussions around Web3 technologies and games, networking and an eventful agenda.

The first stage of this initiative was a huge success, and the second phase of Fastex’s native token’s sale is now open. The public sale of Fasttoken will be unlocked on January 18.

Harmony Meetup 3.0 by Fastex ended with unforgettable memories, new deals, clear business promotion plans, and the confidence to be a guest of SoftConstruct again in Armenia.

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NetEnt’s New Cupcakes Slot Brings a Sweet Experience with Delicious Features

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NetEnt has launched its sweetest video slot this season, where Gumdrops and fluffy Cupcakes come together in a symphony of mouth-watering features boosted by Scatter Pays and signature Avalanche™ mechanics.

When at least eight Gumdrops of the same color pop onto the reels, the Scatter Pays kick in for potentially delightful payouts. As giant Cupcakes fall to the bottom of the reels, they will collect Gumdrops of the same color. When at least ten Gumdrops fill the frosting atop the Cupcakes, they turn into Multipliers to enhance the original wager. Multipliers reset on each spin in the Main Game, as opposed to Free Spins when they only reset at the end of the Bonus Round.

During the spectacular Crush feature, giant Cupcakes may randomly rain down the reels to the bottom, crushing symbols in the way. Coming to rest at the base of the reels after the Crush, Cupcakes will start collecting Gumdrops atop their whipped cream to enhance Multipliers, once again. Free Spins Scatters may also hit the reels during the Bonus Round for retriggers.

Gionata La Torre, Chief Executive Office Europe at Evolution said: “Gumdrop symbols stockpiling on giant Cupcakes for Multipliers is an engaging concept created by the teams to bring additional excitement into this delicious-looking game. This novelty comes in addition to the well-known Avalnche™ mechanic, when the symbols disappear on payout and the empty places are filled with new characters. Cupcakes will surely be a mesmerizing title for all the cake enthusiasts and gum candy aficionados.”

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