Industry News

Industry event to discuss Future of the UK High Street Bookmakers

Published

6 years ago

August 3, 2018

Zoltan Tundik

Reading Time: 2 minutes

Panels and keynotes planned for September 13 at Soho Hotel, London

London, Aug., 2018: Stakeholders in the future of the UK high street bookmakers will be taking part in a dedicated event taking place on 13 September that will
look into how the industry should respond to the upcoming £2 maximum stake on B2 gaming machines.

The event, to be held at the Soho Hotel in London, is being organised by Clear Concise Media in conjunction with law firm Wiggin and industry intelligence service GamblingCompliance.

Among the scheduled speakers and panellists are Lyndsay Wright, director of strategy and sustainability at William Hill, Alex Frost, chief executive at Alizeti Capital, Gillian Wilmott, chair at Senet and Nick Rust, chief executive at the British Horseracing Authority (BHA).

The afternoon event has been organised in response to the decision by the government in May to limit maximum stakes on B2 gaming machines among other measures.
The Future of the UK High Street Bookmakers will survey the potential new landscape and provide a forum for key participants and stakeholders to explore how the bookmakers can reposition themselves operationally and strategically.

A regulatory focus
The event will take place at the Soho Hotel in London on 13 September. It will run from 2pm to 5.30pm with drinks afterwards and will take place in front of an invited audience of industry operatives, suppliers, media and industry observers.

“The gambling industry has been in the political spotlight for some time. Now that the consequences of the Triennial Review are clear (albeit that the timings are currently less clear), the retail betting sector needs to prepare for the future,” said Stephen Ketteley, partner at Wiggin. “While this will mean addressing some of the negativity surrounding the industry, it also creates an opportunity for the bookies to innovate and offer a product suite that today’s punter wants on the high street.”

Ketteley will take part in a panel discussing the new regulation and the ongoing relationship between the betting industry and the regulators and legislators alongside Gillian Wilmott, chair of Senet Group and Ian Ince, the global head of regulatory and compliance affairs at Playtech.

There will also be a panel on the response of the product providers featuring John Pettit, managing director for the UK and Ireland at Playtech BGT, Phil Horne, managing director at SG Gaming and Paul Witten, product director at SIS.
The challenges facing the sector will also be assessed by a panel of analysts including Simon Davies from Canaccord Genuity, Gavin Kelleher from Goodbody Stockbrokers and Diane Wehrle, marketing and insights director at retail intelligence provider Springboard.

Changes
It is commonly believed the slated move to the £2 maximum stake, still a matter of debate within government, will challenge the UK bookmaking industry more than any other measure in the sector’s recent history.
“The UK’s retail betting sector continues to face heightened political and regulatory risks that have not been ended by the Triennial Review, and they will need to adapt and find new ways to achieve their aims.” said Andrew Gellatly, head of research at Gambling Compliance.
“For all that the anti-FOBT movement accused the bookmakers of using project fear tactics, the industry will certainly see huge changes in the years to come, not least when it comes to potential shop closures,” said Scott Longley from event organiser Clear Concise Media. “This event will be a chance for stakeholders to articulate and discuss how they think the sector can and will adapt.”

Contact:
Scott Longley, Clear Concise Media
Tel: 07899 873017
[email protected]
Event website: http://clearconciseevents.com/programme/

Industry News

Trustly Announces Major Move to Guarantee Growth for Businesses Across Europe

Published

4 hours ago

April 23, 2024

Niji Narayan

Reading Time: 2 minutes

Trustly announced a bold pledge to boost growth for businesses across Europe. In a major move to revolutionise the checkout experience for millions of people, the payments tech firm unveils the new Trustly Growth Guarantee.

The market-leading account-to-account provider is offering clients – current and new – a fresh way to pay at the checkout. As part of this, businesses are guaranteed to see an increase in conversion rates, to as high as 98.8%, and a clear reduction in the fees they pay in comparison with traditional payment methods.

Customers will enjoy fewer steps to pay and the added efficiency of return user recognition; Trustly guarantees supercharged success at the checkout. With predictable pricing, costs will be just one amount per transaction – with no variable fees at all. Trustly also states that it is dedicated to providing a seamless integration and will include Success Concierge as standard.

The initiative, revealed only a matter of days after impressive 2023 growth results were announced for the global leader in the industry, reflects Trustly’s unwavering confidence and commitment to continuing to innovate account-to-account payments. Last week, Trustly announced a 79% increase YoY in annual transaction value – reaching $58 billion in total.

Its track record for already attracting major global clients – some examples being Meta, eBay, HMRC, Zalando and Hargreaves Lansdown – signifies that there’s been a distinct change in customer preference and merchants priorities.

Businesses are making attempts to remain innovative and ahead of the curve as millions of consumers increasingly adopt open banking-enabled account-to-account solutions instead of other more standard options when they pay.

Jussi Lindberg, Chief Revenue Officer of Trustly Europe, said: “Our market-leading payment setup embodies Trustly’s mission: to be a growth partner for our clients. We don’t just provide payment solutions; we drive efficiency and value in their businesses. Trustly Azura has delivered remarkable results, and now businesses can experience its benefits. Account-to-account payments are booming, and we’re here to help businesses seize the opportunities it offers.”

If merchants do not see a boost in conversion or a drop in payment costs – at a processing rate of at least 50K transactions each month, for three months, Trustly will reimburse three months’ worth of processing fees. The guarantee is available for both new and existing European customers and is subject to Trustly’s general terms & conditions.

Industry News

Wazdan set to gain more ground at Casino Beats Summit Malta

Published

1 day ago

April 22, 2024

George Miller

Wazdan set to gain more ground at Casino Beats Summit Malta

Reading Time: < 1 minute

Wazdan, the gain-focused developer behind some of the world’s most rewarding casino game experiences is set to make the most of the networking and relationship-building opportunities at Casino Beats Summit 2024 and share its groundbreaking Online gaining™ approach.

Leading a formidable team of Wazdan talent will be Chief Commercial Officer Andrzej Hyla. Joining him in Malta is Promo Tools Specialist Marcin Trafiałek, who has been nominated for the prestigious Product Manager of the Year award at the CasinoBeats Game Developer Awards 2024.

Trafiałek’s nomination recognises his pivotal role in the triumphant success of the Mystery Drop™ promo tool. Additional representatives from Wazdan’s Account Management and Marketing departments will also be on hand, eager to connect and share the latest Wazdan innovations.

Wazdan’s commitment to excellence is further underscored by its multiple nominations at the CasinoBeats Game Developer Awards 2024. The company’s exciting new titles and features are vying for top honours in various categories, including:

Slot to Watch: 25 Coins™
Game Mechanic of the Year: Coins™ series
Game Feature of the Year: Coins™ series
Game Music/Soundtrack: Book of Faith™
Game Music/Soundtrack: Los Muertos™ II
Game Retro-Style: Mighty Symbols™: Crowns

As a proud sponsor of CasinoBeats Summit 2024, Wazdan reaffirms its dedication to fostering a vibrant iGaming community and actively participating in industry-shaping events. The company looks forward to setting a course for success and collaboration at the summit.

Andrzej Hyla, Chief Commercial Officer at Wazdan said: “Casino Beats Summits are always fantastic events. This year sees us in the enviable position of being shortlisted for six awards which reflects the hard work our team of engineers and inventors have put into the experiences that add value for demanding players.

“We’re looking forward to meeting friends old and new at the event and sharing how we gain ground and ground gain.”

Industry News

Europe Sports Betting Market Size, Share & Trends Analysis Report 2024-2030 Featuring Bet365, William Hill, Betfair, Paddy Power, 888sport, Bwin, Unibet, Ladbrokes, MGM, and Betsson

Published

6 days ago

April 17, 2024

Peter Tolan

Reading Time: 3 minutes

The “Europe Sports Betting Market Size, Share & Trends Analysis Report by Type, Platform, Sports Type (Football, Basketball, Baseball, Horse Racing, Cricket, Hockey, Others), Country, and Segment Forecasts, 2024-2030” report has been added to ResearchAndMarkets.com’s offering.

The Europe sports betting market size is anticipated to reach USD 65.54 billion by 2030 and is expected to expand at a CAGR of 9.9% from 2024 to 2030

The globalization of sports and the integration of international leagues and tournaments into European betting markets have fueled the growth of sports betting. Major sporting events such as the FIFA World Cup, UEFA European Championship, Wimbledon, and the Olympics attract widespread attention and betting interest from European consumers, driving significant betting volumes and revenues for sports betting operators, thus driving the growth of the sports betting market in Europe.

The COVID-19 pandemic had a negative impact on the European sports betting market. The cancellation or postponement of sports events during the pandemic restrained the market growth. With major tournaments, leagues, and competitions either suspended or canceled outright, the absence of live sports events severely diminished consumer betting opportunities. It led to a significant decline in betting volumes and revenues for sports betting operators.

The presence of favorable betting policies in the region is driving the growth of the sports betting market in the region. Many European countries, such as the UK, Ireland, Denmark, and France, have progressive policies promoting a competitive and well-regulated betting market. It facilitates the entry of new operators into the market and encourages competition, leading to innovation, improved services, and better value for consumers.

Moreover, established responsible gambling initiatives and regulatory bodies in Europe, such as the European Gaming & Betting Association, help build trust and confidence among consumers by promoting responsible gambling practices, ensuring fairness and transparency in betting operations, and providing avenues for dispute resolution, to protect consumers and maintain the integrity of the betting market, thus driving the growth of sports betting market in the region.

Europe Sports Betting Market Report Highlights

Based on the type of betting, the fixed odd wagering segment accounted for the highest revenue share of 27.7% in 2023 due to the stability and predictability of the payouts
Based on platform, the online segment dominated the market in 2023 and is expected to grow at a significant CAGR from 2024 to 2030. It can be attributed to the collaborations between sports teams, leagues, and betting companies, thus increasing the visibility of sports betting and attracting a larger customer base.
In terms of sports type, the football segment accounted for the largest revenue share in 2023. It can be attributed to the popularity of football in Europe due to popular football clubs like Real Madrid, Liverpool FC, FC Barcelona, and Manchester United.
The UK held a significant share of 34.6% in 2023 and is expected to grow at a significant CAGR during the forecast period. Favorable gambling policies in the country drive the market’s growth.

Company Profiles

Bet365
Ali William Hill
Betfair
Paddy Power
888sport
Bwin
Unibet
Ladbrokes
MGM Resorts International
Betsson

Key Attributes:

Report Attribute	Details
No. of Pages	80
Forecast Period	2023 – 2030
Estimated Market Value (USD) in 2023	$33.75 Billion
Forecasted Market Value (USD) by 2030	$65.54 Billion
Compound Annual Growth Rate	9.9%
Regions Covered	Europe

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Europe Sports Betting Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Market Dynamics
3.2.1. Market driver analysis
3.2.1.1. Increasing number of sport events
3.2.1.2. Growing number of sporting events and leagues in Europe
3.2.2. Market restraint analysis
3.2.2.1. Lack of unified regulations
3.2.3. Market opportunity analysis
3.2.3.1. Growth in E-sports audience
3.3. Europe Sports Betting Market Analysis Tools
3.3.1. Industry Analysis – Porter’s
3.3.2. PESTEL Analysis

Chapter 4. Europe Sports Betting Market: Platform Estimates & Trend Analysis
4.1. Platform Market Share, 2023 & 2030
4.2. Segment Dashboard
4.3. Europe Sports Betting Market by Platform Outlook
4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030
4.4.1. Offline
4.4.2. Online

Chapter 5. Europe Sports Betting Market: Type Estimates & Trend Analysis
5.1. Type Market Share, 2023 & 2030
5.2. Segment Dashboard
5.3. Europe Sports Betting Market by Type Outlook
5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030
5.4.1. Fixed odds wagering
5.4.2. Exchange Betting
5.4.3. Live/In Play Betting
5.4.4. eSports Betting
5.4.5. Others

Chapter 6. Europe Sports Betting Market: Sports Type Estimates & Trend Analysis
6.1. Sports Type Market Share, 2023 & 2030
6.2. Segment Dashboard
6.3. Europe Sports Betting Market by Sports Type Outlook
6.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030
6.4.1. Football
6.4.2. Basketball
6.4.3. Baseball
6.4.4. Horse Racing
6.4.5. Cricket
6.4.6. Hockey
6.4.7. Others

Chapter 7. Europe Sports Betting Market: Regional Estimates & Trend Analysis
7.1. Regional Market Share Analysis, 2023 & 2030
7.2. Regional Market Dashboard
7.3. Regional Market Snapshot
7.4. Market Size, & Forecasts Trend Analysis, 2018 to 2030
7.4.1. UK
7.4.2. Germany
7.4.3. France
7.4.4. Italy

Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company/Competition Categorization
8.3. Vendor Landscape
8.3.1. List of key distributors and channel partners
8.3.2. Key customers
8.4. Company Profiles

For more information about this report visit researchandmarkets.com