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SiGMA is Back and Bigger Than Ever

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SiGMA is Back and Bigger Than Ever
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TA’QALI, Malta, August 23, 2018 — 2018 has been good to SiGMA. From the launch of new ventures to a full complement of global road show events, SiGMA has never been busier.

SiGMA’s flagship show has gone from strength to strength, with last year’s summit opening its doors to over 8,000 visitors and featuring 200+ exhibitors – a record-breaking figure which saw 2016’s numbers doubled. The show offers a perfect balance of entertainment and business opportunity – providing the ideal climate for delegates in the iGaming sphere to network and debate industry trends.

SiGMA 2018 is all set to carry on this tradition of quality and, as Malta continues to position itself as a haven for industry, can expect to host more industry elites under its roof than ever.

The fifth edition of SiGMA will take place from 28th – 30th of November at the MFCC, Ta’ Qali. Positioned at the cutting edge of a very competitive industry, it has evolved into the definitive iGaming showcase. SiGMA 2018 will welcome over 400 sponsors and exhibitors, 200 industry-leading speakers and a record-breaking 12500 attendees – solidifying its reputation as a staple on the global iGaming calendar.

Tickets are still available for SiGMA’s flagship show, and for those looking to score a good deal, the Standard Pass is priced at just €80. Find more information on how you can register here.

Following the success of the previous two years, SiGMA Pitch will also be back, providing a space for innovative young start-ups to gain valuable exposure. Finalists will gain a unique opportunity to win a space on the expo floor, score valuable invites to networking events and reel in potential funding and mentoring from industry veterans.

In light of the islands’ thirst for talent, SiGMA has added a new platform to its growing repertoire – SiGMA Careers, one of the three main pillars holding up a revamped site. The recruitment tool aims to facilitate a solution to an increasing need in the industry to source quality talent. A substantial SIGMA Careers database offers recruiters a gold mine of opportunity, through which those in the iGaming sector can reach into the deep pool of untapped creativity waiting to be explored.

Bolstering this initiative will be a first-of-its-kind conference, the SiGMA Careers Convention, which will take place later this year. The convention will provide ample opportunity for networking and will feature an open talk in the form of a panel discussion.

SiGMA 2018 will also host a number of lavish global events throughout the year. From Hong Kong to Kiev, there really is no better place to enjoy making money.

Between the 11th and 12th of September, SiGMA will also take advantage of the buzzing LatAm gambling market, staging the Alpha Boot Camp in the cosmopolitan city of Buenos Aires – bringing together 200 operators and 10 suppliers from across Europe for a first-edition conference.

A full calendar of iGatherings and conferences has bolstered our position as the go-to purveyors of quality events for those looking to cement their position in the iGaming sphere.

For more information, contact us on [email protected]

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Compliance Updates

Cyprus National Betting Authority Launches National Self-Exclusion Platform

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The Cyprus National Betting Authority during a press conference on February 20, 2024, announced the launch of the National Self-Exclusion Platform (NSEP). This strategic initiative is part of the Authority’s commitment of safeguarding players and the public, as outlined in its Safer Gambling Strategy 2022-25.

The NSEP facilitates players to control their betting activities and opt for self-exclusion, either temporarily or indefinitely, from all online bookmakers who are licensed in the Republic of Cyprus. The player acknowledges that their betting activity has brought gambling related harm on their life, hence, they may use the self-exclusion tool for a more effective control of their betting activity. During the self-exclusion period, the player has access to their current account only for the purpose of withdrawing their deposits and cannot create a new account in a licenced bookmaker’s website.

Registration on the platform is free, simple and straightforward, enabling the player to set their self-exclusion across all betting service providers by registering at https://www.exclusion.cy/. Specifically, players have the flexibility to choose between temporary self-exclusion, long period self-exclusion or for an indefinite time.

During the press conference, Ms. Ioanna Fiakkou, President of the NBA, expressed her satisfaction with the platform’s launch, underscoring its significance as “a robust tool for every player, designed to promote safer betting behaviour and safeguarding vulnerable groups of people.”

“The development of the National Self-Exclusion Platform underscores the NBA’s dedication to player protection and the establishment of a sustainable and fair betting sector. The platform at this point offers self-exclusion from online betting service providers, but its operation is dynamic and poised to integrate additional functionalities. Thus, we extend a public invitation to all stakeholders to join our efforts for safeguarding society and include specific groups such as athletes in the platform’s operations, in collaboration with relevant federations and governmental bodies, to join the platform. Through this collaborative effort, we aim to fortify the fight against match-fixing and enhance transparency in sports, aligning with key objectives outlined in the Authority’s strategic framework. We are particularly satisfied to witness the realization of another significant milestone, as we advance towards achieving the goals set forth in the Safer Gambling Strategy, reinforcing protective measures for the public and fostering the industry’s sustainability in the right direction,” Ms. Fiakkou said.

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Cyprus: National Betting Authority Reveals Strong Growth in Q3 2023

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The National Betting Authority has released the financial outcomes for the third quarter of 2023, showcasing a continual surge in the revenue of the betting sector, underscoring its robust and consistent growth.

As per the disclosed financial results, the gross betting revenue for both Class A (land-based betting) and Class B (online betting) recipients reached €259,440,696. This signifies a noteworthy 9% surge in comparison to the third quarter of 2022 (€238,175,857) and an even more substantial 35% increase in contrast to the third quarter of 2021 (€192,087,098).

Breaking down the figures, Class A recipients contributed €70,941,349, while Class B recipients accounted for €188,499,347 of the total gross revenue. Class A recipients observed an 8% increase in gross revenue compared to the same period in 2022 and a substantial 21% surge in comparison to the third quarter of 2021. Meanwhile, Class B recipients experienced a 9% rise compared to the corresponding quarter of 2022 and an impressive 41% increase compared to the third quarter of 2021.

Profits for both Class A and B players continued their upward trajectory, reaching €232,011,110. This represents an 11% uptick compared to the same period in 2022 and a notable 38% increase from the third quarter of 2021. Notably, the lion’s share of profits, specifically €172,726,941, belonged to Class B players during this quarter.

However, Class A and B betting earnings totaled €27,429,585, reflecting an 8% decrease compared to the corresponding quarter of the previous year (€29,705,139). Specifically, Class A betting receipts amounted to €11,657,180, marking a 14% decrease compared to the third quarter of 2022, while Class B betting receipts totaled €15,772,406, presenting a 2% decrease compared to the same period.

Examining the landscape of Class A properties, their number decreased by 2% in the third quarter of 2023 compared to the corresponding period of the previous year. The licensed properties, predominantly concentrated in Nicosia (169), Limassol (140), Larnaca (88), Paphos (54), and Famagusta (39), amounted to a total of 490 Cypriots.

Despite the positive financial indicators, there was a 44% increase in license cancellations or application withdrawals compared to the corresponding quarter of 2022. The number of individuals employed in licensed premises reached 1472, showcasing a 3% increase compared to the same period in 2022.

Addressing the issue of illegal betting, the report highlighted a 2% increase in blocked websites compared to the second quarter of 2023, with a total of 339 illegal websites added to the list. The current roster of prohibited betting service websites now stands at 18,577.

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THE IBIZA CASINO WELCOMES MIGHTY HAMMER, THE NEW GAMING SENSATION ON THE ISLAND

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The Ibiza Casino has added the thrilling multi-game by Zitro, Mighty Hammer, to its entertainment offerings. This innovative title, renowned for its global success, provides players with three levels of excitement and multiple possibilities, each connected to a different bonus link.

The management of the Ibiza Casino expressed, “The inclusion of Mighty Hammer in our gaming hall has generated great satisfaction among players, who enjoy this game due to its impeccable graphics and innovative mechanics.”

Jaime Aníbal-Álvarez, Director of Casinos in Spain for Zitro, has expressed gratitude to the Ibiza Casino for the opportunity to collaborate and bring Zitro’s products to their gaming hall. “With the inclusion of Mighty Hammer, we have no doubt that players will surrender to its highly entertaining gaming experience, featuring a dynamic gameplay.”

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