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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 (Gyorgy Molnar) 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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BetConstruct attends Sports Betting West Africa

George Miller

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BetConstruct attends Sports Betting West Africa
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On July 24 – 26 BetConstruct will be joining the Sports Betting West Africa summit.

Taking the chance to attend the 4th edition of the event, we will join the lively discussion of the West African market diversity with the peers. Ready to offer its solutions tailored for the region, BetConstruct will have its products showcased at Stand 1006. The provider’s innovative and proven offerings include Sportsbook with industry-leading coverage of 30,000 live matches and 55,000+ pre‐match events each month, SMS Betting channel, Fantasy Sports with enhanced graphics, RNG Casino Suite with 4,000+ games, Live Dealer Casino with new gaming features and halls, and many more solution.

For operators willing to get all BetConstruct products as well as services and start their gaming and betting right away, we will demonstrate how our business management platform, SpringBME, works.

Alongside with the products we will also tell more about our data feed solutions provided by FeedConstruct and its sports video market, Friendship Platform.

 

BetConstruct is an award-winning developer and provider of online and land-based gaming solutions with development, sales and service centers in 16 countries.

BetConstruct’s innovative and proven offerings include an extensive range of products and services, including Sportsbook, Sports Data Solutions, Retail Solutions, RNG & Live Dealer Casino, VR Casino, Poker, Skill Games, Fantasy Sports, Social Platform and more. The latest addition is the industry-first complete management infrastructure, SpringBME (Business Management Environment).

All partners benefit from the BetConstruct Spring platform with its powerful back office tools and all-inclusive services that empower operators’ growth and help contain their costs. From stand-alone set up to turn-key and white label solutions, BetConstruct offers its partners unfettered opportunity to succeed.

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Leading blockchain casino platform FunFair Technologies signs RaketheRake as first operator

George Miller

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FunFair Technologies signs RaketheRake as first operator
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16th July, 2018 – FunFair Technologies, the leading decentralised B2B blockchain casino platform, is today announcing its first operator in RaketheRake, the market-leading poker rakeback affiliate.

The partnership represents a key milestone on FunFair’s roadmap as it looks to provide a world of fair, secure and efficient gaming using the power of the blockchain.

Going live with RaketheRake follows a successful closed beta of FunFair’s platform and showcases how it will empower a new generation of casino operators.

Affiliates are just one example of this new generation of operators that can take advantage of FunFair’s expertise in the blockchain and casino sector, while also accessing a new audience who enjoy gambling and come with significant crypto-wealth.

Existing internet operators can also diversify revenue streams via FunFair’s platform and benefit from first-mover advantages as blockchain enters the mainstream.

The deal represents RaketheRake’s first move as an operator, made possible due to the light touch integration process and lower headcount required by using FunFair’s cost-effective platform.

David Greyling, COO at FunFair Technologies, commented: “We are delighted to welcome RaketheRake who will be our first live operator on our platform. This innovative move by a progressive affiliate is an ideal fit for us, and we look forward to providing them and their players with our best-in-class products and services.

“Developing a platform on the blockchain allows for integration lead times far shorter than current industry benchmarks, lower headcount and server requirements, and combined with these reduced costs, our solution empower those who were previously not able to host a casino to do so.”

Karim Wilkins, CEO at RaketheRake said: “FunFair’s promise to revolutionise the gaming industry has enabled us to open our very own casino using the power of the blockchain, which greatly streamlines the process of going live.

“With FunFair’s secure, and user-friendly platform, coupled with our established marketing expertise, we’re confident of a successful launch when we go live with our very own operation later this year.”

RaketheRake’s consumer facing brand name will be released in due course along with other details including territories and go-live dates.

 

About FunFair Technologies:

FunFair Technologies is the leading B2B blockchain casino platform provider which is revolutionising the online casino industry. Its proprietary Fate Channels technology mitigates existing scaling issues on the blockchain ensuring operators can provide their players with a fun, fast and fair gaming experience. FunFair ran a successful token sale in June 2017, which launched its own cryptocurrency, FUN, now held by more than 50,000 worldwide.

Its team has over 100 years of combined experience in the gaming and casino space, as well as 20 years of blockchain expertise, providing the platform to deliver the best slots and table games in a transparent, provably fair manner. Founded in 2017, its growing team of almost 50 are based in offices in Singapore, London, Guernsey, Gibraltar and Malta.

For more information, visit www.funfair.io

About RaketheRake:

Founded in 2004, RakeTheRake quickly became the largest and most reputable rakeback affiliate in the poker market. Working in conjunction with all the top poker rooms to increase traffic to their sites, they secure the best rakeback deals for their players.

The commission they receive from poker rooms is based on the rake customers generate by playing. RaketheRake gives the majority of this commission back to the player as rakeback, which can be up to 75%.

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Press Releases

Nolimit City and Bethard ink partnership deal

George Miller

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Nolimit City and Bethard ink partnership deal
Reading Time: 2 minutes

Bethard agrees to include Nolimit City portfolio across group network

 

2018-07-16: The agreement has been inked just as the summer kicked off, with the two aiming to go live within the coming months. Bethard Group will make room for another stellar provider in their library of games and offer the entire portfolio of innovative games by the Sweden-Malta based software provider.

Malcolm Mizzi, Head of Sales at Nolimit City, added: “Being linked to another tier1 operator in the industry gives us more fuel to deliver more great slot games. Bethard Group has become a leading name in the industry and we’re ecstatic for this partnership to happen”.

Bjørnar Heggernes, Casino Manager for Bethard, stated: “We always aim to give our players the best possible gaming experience they can get, therefore, I am thrilled to team up with a talented provider like Nolimit City. Offering stunning artwork and fantastic gameplay, we are confident that the content will be an instant success across our brands.”

Bethard Gaming has grown to an unprecedented status seeing their international profile rise to new heights with the addition of major football icon and all round Swedish mega-star, Zlatan Ibrahimović, becoming their latest brand ambassador to join the ranks. The operator has legitimately gained recognition for being one of the fastest growing gambling operators in the industry – known for their bold approach and having a strong presence in their key markets.

A multi-year deal has been signed between the two making way for the release of Nolimit’s full portfolio of games on the Bethard network. Bethard operates own in-house brands along with offering a B2B whitelabel platform, allowing cross selling of Nolimit games to their entire network.

 

About Nolimit City:
Nolimit City is a Stockholm-based online casino platform and game developer, offering high-quality content and services to operators around the world. The company has designed and developed its platform in-house from the ground-up; delivering a strong and powerful engine that can take large volumes of play and social interaction in its stride, on both desktop and mobile. It is coupled to an innovative back office and bonus toolbox, providing a one-stop shop for our partners. It is hugely flexible, and can be tailored to individual operator requirements and needs. We employ some of the smartest minds and artistic talents in the industry; people passionate about gambling and technology. They have helped us to create a portfolio bursting with fun and engaging games for both casino and lottery operators, including Oktoberfest, Space Arcade, WiXX, Kitchen Drama: BBQ Frenzy/Sushi Mania and Bet on Poker.

 

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