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Having a responsible gaming strategy is good for prospective buyers, advises Blackstone MD, Haide Hong ahead of appearance at iGB Live! HQ

George Miller

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Having a responsible gaming strategy is good for prospective buyers, advises Blackstone MD, Haide Hong
Haide Hong, Managing Director of The Blackstone Group
Reading Time: 2 minutes

London, July 6, 2018 – Gaming owners wishing to make their businesses more attractive to potential buyers, would be well advised to have in place a credible strategy around responsible gambling, according to Haide Hong, Managing Director of The Blackstone Group and a key note at The Boardroom, one of four immersive learning environments being featured at the first iGB Live! (17th – 20th July 2018, Amsterdam RAI).

Mr Hong, who has been involved with the analysis and execution of  a number of  high profile private equity investments, believes Environmental, Social and Governance (ESG) is becoming more of a consideration for prospective buyers.  He explained: “Businesses should focus on having a cogent strategy and delivering on that. Prospective buyers will care about financial performance, scalability – but also the quality of the management team and assets they will be acquiring, and if there is a differentiated ‘story’ they are buying into. But ESG is also an important factor – buyers would like to know that prospective acquisitions care about responsible gaming and that companies have a credible strategy around that.

Despite its vulnerability to regulatory control he believes that gaming remains attractive to investors. “Gaming is a large, global business with strong cashflow generation and opportunities to buy/create scale market leaders – hence the interest to private equity” he advised. “It is right that regulation is a key risk and consideration whenever one evaluates investments in gaming – and we have a strong focus on that as part of our diligence process on every potential investment.

There is general consensus that online gaming will grow faster than land based – but land based will continue to grow.  As such, one should expect to see more investment in online, but land based gaming can still offer attractive opportunities.

He confirmed the rule that multiples ultimately have reference to the prospects and qualities of each individual business and that they have in general increased relative to the crash years of 2008 – 2011, with Blackstone typically triangulating between EV / EBITDA, P/E and EV / EBITDA-Capex multiples.

Mr Hong will be the keynote speaker in The Boardroom and his session will be taking place between 14:00 – 15:00 on the 18th July 2018 in the iGB Live! HQ area. iGB Live! HQ is the paid for conference and networking area with The Boardoom hosting the keynote sessions.

Sadie Walters part of the Clarion Gaming team responsible for creating the feature, said: “While The Boardroom may be the most conventional of the events four learning areas, its content is far from ordinary. Attendees will be able to see how the rest of the world innovates, learn from elite level influencers and innovators, be inspired by those outside the industry who are ripping up the rule book and rewriting the way we work and leave The Boardroom with a head full of new ideas and a pocket full of tools to put them into action.

iGB Live!, is a consolidated three brand event and the biggest dedicated igaming exhibition and conference in the world. Part of Clarion Gaming’s commitment to streamline the events calendar, iGB Live! has been curated to meet stakeholders networking, education and business needs, in the process delivering a unique opportunity to engage across the entire igaming space.

For more information on The Boardroom and the featured elite level influencers and innovators, visit: www.igblive.com/igb-live-hq

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Sportradar partner with BBC to show European Badminton

Niji Ng

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Sportradar partner with BBC to show European Badminton
Photo Source: laola1.tv
Reading Time: 1 minute

 

The BBC has reached an agreement with right holder Sportradar to live telecast the semi-final and final of Badminton’s European Mixed Team Championships in Copenhagen. The matches will be shown tomorrow and day after tomorrow on the BBC Sport website and digital platforms.

The tournament started on 13 February, with defending champions Denmark facing challenges from teams like France, the Netherlands and Spain in their group.

England, seeded second, have to face Ireland, Germany and Russia in their group.

England’s Men’s Singles player and National Champion, Rajiv Ouseph, assessed their chances.

“As players, we always enjoy the European team events and go to Denmark with the strongest possible squad which, due to injury, has not always been the case in past seasons.”

“When you pull on that England shirt, you really feel the pride of playing for your country, and we’re already excited to have another opportunity as a team to show that on court in front of the fans.”

Lutz Tigges, senior director audiovisual broadcast at Sportradar said, “We are really looking forward to starting coverage of the European Badminton Mixed Team Championships in Denmark. Demand for the broadcast coverage has been really strong and being able to add the BBC to that across their digital channels is another endorsement of the event.”

Live action will also be available to a global audience through Sportradar’s digital platform for the tournament, www.laola1.tv/badmintoneurope/

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Ubisoft join hands with Mozilla to create AI coding tools

Niji Ng

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Ubisoft join hands with Mozilla to create AI coding tools
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Ubisoft and Mozilla, who developed Firefox web browser, are joining hands to develop a AI-coding tool called Clever-Commit AI coding assistant. The partnership, initially signed for three years, involves exchange of ideas, techniques, and skills between the two companies in the development of Clever-Commit.

“Working with Mozilla on Clever-Commit allows us to support other programming languages and increase the overall performances of the technology,” said Mathieu Nayrolles, technical architect, data scientist, and member of the Technology Group at Ubisoft Montreal. “Using this tech in our games and in Firefox will allow developers to be more productive, as they can spend more time creating the next feature rather than fixing bugs. Ultimately, this will allow us to create even better experiences for our gamers and increase the frequency of our releases.”

This AI is being developed by the Ubisoft Technology Group, and evaluates whether or not a code change will introduce a new bug and proactively fix it by learning from past bugs and fixes. By applying Clever-Commit to both game development and Firefox development, Ubisoft and Mozilla will learn more about other programming languages and increase the knowledge of the AI’s toolbox.

Clever-Commit was first unveiled last year as a prototype (Commit-Assistant) by Ubisoft La Forge, a research branch of Ubisoft Montreal that works alongside academic institutions, in collaboration with Concordia University. In an effort to improve the overall quality of Ubisoft games, Clever-Commit learns from the development of major AAA games, and quickly identifies and fixes bugs so that teams can release more high-quality features, more frequently. To date, the AI has been able to identify if a code contains a bug with 70 per cent accuracy.

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Login Casino launches contest for 2 VIP passes for RGW

Niji Ng

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Login Casino launches contest for 2 VIP passes for RGW
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The Login Casino magazine, the media gambling sponsor of RGW 2019, announces the contest for two VIP tickets for the leading gaming conference in Russia – Russian Gaming Week.

In order to compete for the prize one has to come up with a name for the RGW symbol – matreshka, and send their variant to be considered by the jury of experts. Competition for the tickets starts on February 12.

The winner will be defined on April 17. In general, the applications with contestants’ suggestions will be accepted till April 16 inclusive.

According to the event organizers, this year’s RGW will be even more intensive and diverse. First of all due to the fact that the number of applications for participation exceeds 3000.

Besides, the agenda of Russian Gaming Week also promises to be informative. According to Oksana Marisenko, manager of this project, the list of those presenting their ideas and latest developments will include software developers, payment systems manufacturers and law consultants in the field of gambling business.

The Betting Awards ceremony will include several nominations with the aim to highlight the leading representatives of the betting industry whose achievements in 2019 were the most outstanding”, said Oksana Marisenko.

The VIP pass provides several benefits. Firstly, these are special seats at the conference and a separate registration desk. Moreover, such ticket makes it possible to meet and talk with speakers and delegates in person and in a relaxed atmosphere.

In order to take part in the contest – register here.

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