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The RISQ igaming insurance platform (iGiP) pays out record £25m jackpot

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RISQ igaming insurance platform (iGiP) pays out record £25m jackpot
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RISQ, the leaders in insurance-backed acquisition and retention services for the igaming industry, have announced their first £25m jackpot winner via the sweepstake and contests platform, Happy Pay.

The lucky winner of this life-changing prize entered the free-to-play prize draw via one of Happy Pay’s popular portfolio of promotional jackpot products, available across a range of assorted ecommerce websites.

Since partnering with RISQ over a year ago, Happy Pay’s clients have reported significant boosts in daily entrants due to increased jackpot sizes, whose levels RISQ has escalated by over 150%, proving their worth as a driver of traffic, player-engagement and sales across all platforms and devices.

RISQ’s insurance-backed solution enables the creation of non-networked prizes across a wide range of game types and channels. This diverse and tailored jackpot provision adds real substance and value to a company’s product offering and marketing campaigns, as evidenced by RISQ’s wide scope of B2B partnerships.

It’s the latest application from RISQ, whose leading igaming insurance platform is creating new levels in player acquisition and retention via its scalable jackpots of up to £150m. These flexible solutions offer operators and platform-providers access to some of the biggest payouts in the industry.

RISQ’s B2B Director, Tom Mitchell, said the record £25m jackpot provided ready proof of RISQ’s unique ability to pay out promptly on even the biggest industry jackpots, thanks to their contracts with A-rated reinsurers.

Mitchell said: “As volumes increase on our insurance platform (iGiP), jackpot payouts will become more and more frequent. Ultimately, in the event of any jackpot win, our clients rely on our ability to pay out quickly and with no hidden complications.

“I certainly feel that we have proven this capacity with Happy Pay. As we grow and develop, our goal is for the platform to give clients access to any winnings within 24 hours. By continuing to improve our technology, processes and reinsurance contracts, I believe that this is a realistic target.”

 

About RISQ:

RISQ’s iGaming insurance Platform (iGiP) creates new levels of player acquisition and retention with scalable jackpots and high limit bets. These flexible solutions offer operators and platform-providers access to some of the biggest non-networked jackpot payouts in the industry. RISQ also provide ancillary coverage for betting-on-lottery platforms up to £150m (featuring national, state and provincial lottery betting) as well as free-to-play sports predictor games for event-based competitions. RISQ’s insurance platform is backed by a team of innovative and experienced professionals in both risk and sporting analytics, leveraging over a dozen insurance markets, including Lloyd’s of London and their affiliates.

 

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Industry News

Vbet Wins Best Online Casino Operator 2024 at SiGMA Europe 2024

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Vbet has been crowned the Best Online Casino Operator 2024 at the highly coveted SiGMA Europe event, cementing its position as a leader in the online gaming industry.

This achievement highlights Vbet’s commitment to providing an exceptional user experience by combining cutting-edge technology with a vast range of options and a secure process. The dedication to creating a responsible, enjoyable environment for players was recognised with this award, making this accolade even more significant. As Vbet continue to expand into new markets, the list of strategic partnerships grows alongside our constant drive to expand its offering. This award serves as a stepping stone on its path to reach more players and set new standards in the industry.

Arman Khachatryan, VBET’s Managing Director, said: “We are incredibly proud to receive the Best Online Casino Operator award at SiGMA Europe 2024. This recognition is a testament to the hard work, passion, and effort of our entire team. Our mission has always been to deliver the highest quality experience in the safest environment possible to our users. This award not only recognizes our dedication to this mission but also motivates us to continue expanding into new markets and territories.”

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ICE Barcelona to deliver razor-sharp focus on LatAm and evolving Brazilian Market

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January’s first edition of ICE Barcelona will feature a programme of content, discussions and C-suite networking curated specifically to meet the needs of the new regulated market in Brazil and the broader opportunities which exist in Latin America.

Living up to its reputation for being the business-to-business event which is at the forefront of industry developments across both regulation and emerging technologies ICE 2025 will feature a three day program which is dedicated to all aspects of the market in Brazil including regulation, compliance and the adoption of new technologies including the use of biometric recognition in relation to age verification and consumer protection.

Announcing the program and confirming ICE Barcelona’s role as the meeting place for international decision-makers and stakeholders, Clarion Gaming Managing Director Stuart Hunter said: “ICE was recently described in trade media as being the most important gaming event on the ‘planet’ and I believe that the show will live-up to that accolade when we welcome the world industry to our new Barcelona home in January.

“Some industry events place a strong emphasis on the past but for ICE our focus is unashamedly on the future. To this end we have been working closely with colleagues and stakeholders in Latin America to ensure that ICE is on the front foot bringing together the lawmakers, regulatory bodies, thought leaders, operators, innovators and technology providers all of whom have an important role to play in developing the market infrastructure.”

He added: “The importance of LatAm will be evident from the very start of ICE Barcelona when Vicente Fox, the former President of Mexicoheadlines the World Regulatory Briefing taking place Monday 20 January when he will address the topic of ‘Regulation and Revitalisation’ and the requirements needed to balance economic growth with community protection.

“A critic of the populist movements sweeping the region, he will outline his business-centric approach to the development of Mexico, and why he favours casinos as a tax benefit to reduce Mexico’s dependence on unpredictable oil income, and for heling to grow the local tourism industry. The keynote reflects the importance of Latin America as a leading voice in the global gambling industry and represents a major coup for ICE Barcelona.”

“The following day we will be staging a seminar which will cover the very latest business-critical information on the market in Brazil which will be supplemented by sessions focussed on Latin America. On the closing day the LatAm sessions will address the key issue of responsible gambling including the ground-breaking use of biometrics which will be of huge interest to regulators and operators from throughout the world.”

He concluded: “In all of the extensive research that we undertake in order to identify the most important issues impacting the business Brazil and Latin America consistently top the list. By attending ICE Barcelona gaming industry professionals will be able to connect with the main players, learn everything they need to know about doing business in Latin America and find the right organisations to collaborate with. For anyone with an interest in Latin America and in particular the Brazilian iGaming market ICE Barcelona is undoubtedly the place to be.”

For more information on the world’s greatest gathering of gaming professionals and to register: icegaming.com

 

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Industry News

FDJ Announces its First Bond Issue

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La Française des Jeux (FDJ), one of Europe’s leading betting and gaming operators, will meet investors over the next days with a view to launching its first bond issue, subject to market conditions.

FDJ recall that, on 7 November, Moody’s assigned the Group a long-term credit rating of Baa1 – stable outlook.

With a total value of €1.5 billion, in 3 tranches with maturity of 6, 9 and 12 years, the bond issue would be used to refinance most of the €2 billion bridging loan, drawn on 7 October to finance the acquisition of Kindred shares for nearly €2.5 billion. The bonds will be listed on the Euronext regulated market in Paris.

Furthermore, FDJ is finalising a €400 million syndicated loan with top-tier French and international banks, which will be repaid over 5 years. This financing is also intended to repay the bridging loan which will be settled with Group’s cash.

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