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Sportingtech introduces Client Cashout System at London exhibition

George Miller

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Sportingtech Introduces New Features
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Sportingtech, online and retail gaming platform provider, will showcase its betting software solutions at ICE London 2019 on Stand S3-262. Most notable features to be presented are Client Cashout System and Cashier Application for retail business.

Cashout System is a new feature that allows customers to cash out single or multiple bets, fully or partially, even before all the bets on the slip are settled.

For example, assume that a customer placed a bet on a bet slip that has three events combined. Two events are settled as won. The third one is waiting for settlement. The customer will have an option to cash out the bet slip without waiting for the settlement of the third event.

If you want to learn more about Cashout System please visit Sportingtech on stand S3-262, send an email to sales@sportingtech.com or book a meeting following this link: http://bit.ly/2CUDGkY.

For the retail business, we have developed Cashier Application – completely web-based, no installation required, simple to use and optimized to any hardware configuration. It will boost the efficiency and productivity of operator’s bet shops.

Full range of Sports Betting markets for pre-match and live betting are already supported, along with Virtual Gaming content.

The ICE London 2019 event takes place at ExCel London on Feb 5-7, 2019. You will be able to learn more about Sportingtech, its Pulse Platform and other products, as well as new features by visiting stand S3-262.

Our team will be happy to meet you. You can find out more information about Sportingtech if you visit this link: http://bit.ly/2CQOYGW.

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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Flutter may have to Sell its Brands to Survive Competition Scrutiny over Stars Group Mega-Merger

Niji Narayan

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Flutter may have to Sell its Brands to Survive Competition Scrutiny over Stars Group Mega-Merger
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Flutter Entertainment and The Stars Group have announced a £10 billion all-share combination that will create the world’s largest online gaming and sports betting group by revenue, earlier this month. According to the analysts, Flutter Entertainment could be forced to sell its brands, including its flagship one Paddy Power, in order to get competition authorities’ blessing to complete the merger.

According to indie financial services firm Canaccord Genuity, Flutter, whose investors will hold a 55% stake in the combined entity, could be ordered to sell both retail and online brands in order to get approval from UK’s Competition and Markets Authority to complete the deal.

Canaccord Genuity analysts say that the most “logical decision” would be for Flutter to sell Paddy Power’s online and retail business, given the importance of The Stars Group’s presence in lucrative markets such the US sports betting market through its BetStars and Sky Bet brands.

Canaccord Genuity says that the sale of Paddy Power would certainly be an “emotionally difficult decision” as the combined group’s plan is to have its headquarters in Dublin where Paddy Power has been based since its inception in the late 1990s.

According to Morgan Stanley analysts, the combined entity’s online betting revenue will be 50% higher than rival bet365’s and about twice as large as that of GVC Holdings, the owner of Ladbrokes Coral and a plethora of other popular brands.

The combination of the two gambling giants is expected to close in the second half of 2020 pending regulatory approval.

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Caesars and Eldorado Set Date for Shareholders Meetings

Niji Narayan

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Caesars and Eldorado Set Date for Shareholders Meetings
Photo Source: bloomberg.com
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Caesars Entertainment and Eldorado Resorts have announced that they will hold separate shareholder meetings on November 15 to vote on their proposed US$17.3 billion merger.

The meetings will see Caesars shareholders cast their vote at Caesars Palace in Las Vegas from 9 am Pacific Time while Eldorado shareholders will converge on Eldorado Resort in Reno. At stake is one of the biggest corporate gaming industry deals in history, with Eldorado looking to acquire the entire outstanding share capital in Caesars by way of a US$7.2 billion cash payment, 77 million Eldorado common shares and the assumption of Caesars’ outstanding net debt.

If approved, Caesars will merge with Eldorado subsidiary Colt Merger Sub Inc and become a new wholly-owned Eldorado subsidiary existing under the Caesars name.

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Privatisation of FDJ to Begin in November

Niji Narayan

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Privatisation of FDJ to Begin in November
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Bruno Le Maire, France’s finance minister, has revealed that the subscription period for Française des Jeux’s (FDJ) initial public offering (IPO) will run from November 7–20. The privatisation of FDJ, the leading operator in Europe, in being anticipated as one of the year’s main highlights.

Bruno Le Maire said that French people and investors will have the chance to subscribe to FDJ shares between November 7 and November 20. He added that the state will not fix a limit for the offering, and that retail investors will get one free share for every 10 shares purchased and a 2% discount on the offer price.

The French state currently holds 72% of FDJ, but after the privatisation, it will only have 20% of the company. Government spokeswoman Sibeth Ndiaye said that the ordinance ends the FDJ monopoly to replace it with a limited-term right, set at 25 years and renewable.

“I hope that this privatisation popularly succeeds with the widest participation possible,” Le Maire said. The minister added that the privatisation will allow the company to develop and reach its full potential.

As part of the privatisation, the French government unveiled the creation of the L’autorité nationale des jeux (ANJ), which will replace L’autorité nationale de régulation des jeux en ligne (ARJEL).

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