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IGT Introduces Cashless Gaming in Sweden with IGTPay™ Technology

George Miller

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IGT Introduces Cashless Gaming in Sweden with IGTPay™ Technology
Reading Time: 3 minutes

 

International Game Technology PLC announced that its cashless gaming technology is propelling the new era of gaming at Svenska Spel venues throughout Sweden. Through IGT’s INTELLIGEN™ systems product utilizing IGTPay™ technology, Svenska Spel players now have the option to easily and securely fund their play at Video Lottery Terminals (“VLTs”) from their mobile devices.

Svenska Spel’s recent launch of IGT’s INTELLIGEN VLT system and Quasar® VLTs enables players to use their mobile device to register for and log into VLTs by integrating with their individual, nationally available Digital BankID, paving the way for cashless gaming with the addition of IGTPay.

Now, with the deployment of IGTPay, players who are logged onto a Svenska Spel VLT are presented with the option to draw funds directly from their bank account through Swish, a widely used mobile payment service in Sweden that is owned by the banks. Players simply approve the transfer via their mobile device and start playing their favorite VLT games. This end-to-end process takes just seconds. Following completion of gameplay, Svenska Spel can return any available funds directly back to the player’s bank account automatically and instantaneously for a very progressive retail experience.

“Launching IGT’s cashless product provides our players with a reliable, cutting-edge cashless solution that connects directly with the Swish mobile app, helping us drive efficiencies while responsibly advancing the player experience,” said Magnus Lannersund, Director of VLT Operations, Svenska Spel AB. “IGT has been instrumental in our enterprise-wide modernization with solutions such as the Quasar VLT, the INTELLIGEN central system, our responsible gaming functions and now through their next-generation IGTPay cashless technology. This retail project was among the first of its kind in Sweden, enabling a retail business owner to return funds to a consumer’s bank account via a consumer’s mobile app. Svenska Spel is proud to be at the forefront of retail innovation especially when the need for cashless options for the post-COVID-19 era is more crucial than ever.”

“Svenska Spel is at the forefront of innovation with IGT’s cashless gaming solution. This groundbreaking technology introduces a contemporary consumer experience to land-based gaming in one of the most progressive societies in the world,” said Declan Harkin, IGT Senior Vice President and COO, International. “The combination of IGT’s INTELLIGEN and IGTPay products builds upon our payment expertise in the digital gaming and lottery segments to create a solution that enables players to enjoy the convenience and security of cashless gaming in retail.”

“As the relevance of cashless and contactless gaming innovations continues to grow, technologies such as IGT INTELLIGEN with IGTPay become critical components of the player experience, and solutions that can bring tremendous value to our global customers,” said Ryan Reddy, IGT Vice President, Systems and Payments Products. “We have established a dedicated Payments Team to ensure that customers such as Svenska Spel are equipped with IGT solutions and services that deliver modern payment options that align with consumer expectations and future business opportunities.”

IGT has been a Svenska Spel supplier of VLT technology since 2006. The Swedish state-owned gaming operator currently operates 4,750 IGT VLTs in gaming venues throughout the country, leverages the INTELLIGEN central system, and utilizes a vast range of IGT game content.

 

About IGT:

IGT (NYSE:IGT) is the global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Gaming Machines and Lotteries to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 12,000 employees. For more information, please visit www.igt.com.

 

SOURCE International Game Technology PLC

 

Gambling in the USA

Playtech Casino launches with bet365 in New Jersey

George Miller

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Playtech Casino launches with bet365 in New Jersey
Reading Time: < 1 minute

 

Playtech, the world’s leading gambling technology company, today announces it has launched its award-winning Casino content with long-term strategic partner, bet365, in New Jersey.

The launch sees bet365 go live with a selection of Playtech’s best-performing games including Playtech classics like White KingGreat Blue, and Frankie Dettori’s™ Magic Seven.

The partnership marks the first step for Playtech into the US market, with plans to partner with more New Jersey operators in the coming months. This follows Playtech securing regulatory approval for the market just last month. Playtech has also started the licensing process in other US jurisdictions.

bet365 entered the New Jersey market in 2019 and has since been providing its sportsbook and online casino to customers in the state.

A bet365 spokesperson, said: “We’re excited to partner with Playtech in order to expand our content offering to the US market. Given the range and caliber of Playtech’s content, being first to market it is a real differentiator for our platform. We look forward to developing upon our already solid partnership as we continue to grow our Casino offering.”

Shimon Akad, Playtech Chief Operating Officer, said: “This is a significant moment for Playtech and our development in the US. Launching Playtech’s software in the US is a landmark, and we are very pleased to be taking this step with one of our most trusted partners in bet365. With more titles and content launching in the coming weeks and months, there are exciting times ahead. This launch also serves as a prime example of our commitment to partnering with leading operators to bring leading software services and great content to new and growing markets.”

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Baltics

Official list of winners at the Baltic and Scandinavian Gaming Awards (BSG Awards 2020)

Zoltan Tundik

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Reading Time: 2 minutes

 

The winners of the Baltic and Scandinavian Gaming Awards 2020 have been decided by the participants of MARE BALTICUM Gaming Summit Tallinn.

 

Yesterday, on the 6th of August 2020, at the MARE BALTICUM Gaming Summit, which was held in Tallinn this year, the industry gathered for a full day of learning and networking at the first live conference since March.

As usual, the conference featured the yearly Baltic and Scandinavian Gaming Awards (BSG Awards) and the winners have been decided by a final vote, which was submitted by the attending participants.

So, the winners at the BSG Awards 2020 are the following:

1/36 – BEST ONLINE CASINO IN THE BALTICS 2020: PAF
2/36 – BALTICS – BEST CUSTOMER SUPPORT IN ONLINE CASINO 2020: OPTIBET
3/36 – BEST SPORTS BETTING OPERATOR IN THE BALTICS 2020: BETSAFE
4/36 – BALTICS – BEST CUSTOMER SUPPORT IN SPORTS BETTING 2020: CBET
5/36 – BEST ESPORTS SERVICE PROVIDER IN THE BALTICS 2020: SPORTRADAR
6/36 – BEST FANTASY SPORTS / VIRTUAL SPORTS PROVIDER IN THE BALTICS 2020: GOLDEN RACE
7/36 – RISING STAR IN BALTIC FANTASY SPORTS / VIRTUAL SPORTS 2020: DS VIRTUAL GAMING
8/36 – RISING STAR IN BALTIC SPORTS BETTING TECHNOLOGY 2020: SINGULAR
9/36 – BEST SPORTS BETTING INNOVATION IN THE BALTICS 2020: SG DIGITAL
10/36 – BEST SPORTS BETTING PROVIDER IN THE BALTICS 2020: SOFTGAMINGS
11/36 – BEST MOBILE BETTING PROVIDER IN THE BALTICS 2020: GOLDEN RACE
12/36 – BEST ONLINE CASINO PROVIDER IN THE BALTICS 2020: TOM HORN GAMING
13/36 – BEST ONLINE CASINO INNOVATOR IN THE BALTICS 2020: BETGAMES.TV
14/36 – BEST SLOTS PROVIDER IN THE BALTICS 2020: EVOLUTION GAMING
15/36 – BEST LIVE CASINO PROVIDER IN THE BALTICS 2020: EVOLUTION GAMING
16/36 – RISING STAR IN BALTIC ONLINE CASINO TECHNOLOGY 2020: MICROGAMING
17/36 – BEST PAYMENT SERVICE PROVIDER IN THE BALTICS 2020: CONNECTPAY
18/36 – BEST TESTING LABORATORY IN THE BALTICS 2020: GAMING LABORATORIES INTERNATIONAL(GLI)
19/36 – BEST ONLINE CASINO IN THE NORDICS 2020: CASUMO
20/36 – NORDICS – BEST CUSTOMER SUPPORT IN ONLINE CASINO 2020: NINJA CASINO
21/36 – BEST SPORTS BETTING OPERATOR IN THE NORDICS 2020: BET365
22/36 – NORDICS – BEST CUSTOMER SUPPORT IN SPORTS BETTING 2020: OPTIBET
23/36 – BEST ESPORTS SERVICE PROVIDER IN THE NORDICS 2020: ULTRAPLAY
24/36 – BEST FANTASY SPORTS / VIRTUAL SPORTS PROVIDER IN THE NORDICS 2020: SCOUT GAMING GROUP
25/36 – RISING STAR IN NORDIC FANTASY SPORTS / VIRTUAL SPORTS 2020: GOLDEN RACE
26/36 – RISING STAR IN NORDIC SPORTS BETTING TECHNOLOGY 2020: ALTENAR
27/36 – BEST SPORTS BETTING INNOVATION IN THE NORDICS 2020: NSOFT
28/36 – BEST SPORTS BETTING PROVIDER IN THE NORDICS 2020: TGLAB SPORTSBOOK & MODELLING
29/36 – BEST MOBILE BETTING PROVIDER IN THE NORDICS 2020: BEST GAMING TECHNOLOGY (BGT – PLAYTECH)
30/36 – BEST ONLINE CASINO PROVIDER IN THE NORDICS 2020: NETENT
31/36 – BEST ONLINE CASINO INNOVATOR IN THE NORDICS 2020: TOM HORN GAMING
32/36 – RISING STAR IN NORDIC ONLINE CASINO TECHNOLOGY 2020: GREENTUBE
33/36 – BEST SLOTS PROVIDER IN THE NORDICS 2020: PLAY’N GO
34/36 – BEST LIVE CASINO PROVIDER IN THE NORDICS 2020: EVOLUTION GAMING
35/36 – BEST PAYMENT SERVICE PROVIDER IN THE NORDICS 2020: TRUSTLY
36/36 – BEST TESTING LABORATORY IN THE NORDICS 2020: GAMING LABORATORIES INTERNATIONAL(GLI)

Congratulations to all the winners!

To have the award delivered to your office, please contact Andrada Marginean for more details.

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Gambling in the USA

Michigan’s Sports Betting and Online Gambling To Bring $650M In First-Year Revenue, According to MichiganSharp.com

George Miller

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Michigan's Sports Betting and Online Gambling To Bring $650M In First-Year Revenue, According to MichiganSharp.com
Reading Time: 2 minutes

 

Sports betting and online casinos could produce as much as $93 million in first-year tax revenue in Michigan, according to projections from MichiganSharp.com.

The first of Michigan‘s online sports betting and casino platforms might launch by the end of 2020. This sets the stage for Michigan to become one of the top online gambling states in the U.S.

Competitive State Tax Rates Make for an Online Betting Hub

Gross revenue from sports betting, both online and retail, will be taxed at 8.4% from the state. Detroit‘s three commercial casinos pay an additional 1.25% city tax.

Michigan hosts 26 land-based casinos, all of which can be expected to offer sports betting and online gaming to the state’s 10-million population at some point.

“All of the pieces are in place for Michigan to become a major hub for sports betting and online gambling,” said Geoff Fisk, analyst for MichiganSharp.com. “Virtually all of the state’s casinos should want a piece of the new market, especially with the attractive tax rates.”

By comparison, New Jersey taxes land-based sports betting at 9.75% and online sportsbooks at 13%. Indiana‘s online sports betting tax is levied at 9.5%, while Pennsylvania taxes sports betting at 36%.

State lawmakers passed House Bill 4916 in December 2019, which legalized both retail and online sports betting. The bill also brings online casinos and online poker to the state, setting the stage for Michigan to become one of the biggest legal online gambling markets in the US.

All 26 of Michigan‘s retail casinos can apply for sports betting and internet gaming licenses through the Michigan Gaming Control Board. In a situation unique to Michigan, the state’s three commercial casinos, as well as the 23 tribal casinos, are eligible to offer internet gaming.

Online sports betting has proven massively successful in Pennsylvania and New Jersey. In both states, online wagering accounts for more than 80 percent of total sports betting revenue.

First-Year Revenue Projections of $650M, According to MichiganSharp.com

MichiganSharp.com projects that the state could bring in as much as $400 million in total first-year sports betting revenue, producing $33.6 million in tax revenue for the state.

“Mobile wagering should be the major revenue driver for Michigan‘s sports betting market,” Fisk said. “The convenience and ease of access of online sports betting opens up a whole new world of opportunities for both bettors and sportsbook operators.”

Online casino and poker revenue will be taxed at 20-28% from the state, using a tier system dependent on earnings. MichiganSharp.com projects that online casinos and poker could earn as much as $250 million in first-year operations, bringing in a possible $60 million in tax revenue.

MichiganSharp.com projects that total revenue from sports betting, online casinos, and online poker, could earn $650 million in year one of operations, resulting in $93.6 million in tax revenue for the state.

For more analysis and news on the latest developments in Michigan‘s legal gambling industry, visit MichiganSharp.com.

 

SOURCE MichiganSharp.com

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