Casino & Slots
BETSSON CONQUERS COVID-19 STORM BUT BRACES FOR REGULATORY PRESSURES
iGaming
BETSSON CONQUERS COVID-19 STORM BUT BRACES FOR REGULATORY PRESSURES
Image courtesy of Betsson AB
Stockholm-listed online gambling group Betsson AB has published its 2020 interim results, revealing record revenue despite the COVID-19 crisis.
Betsson saw Q2 revenue come in at SEK 1.532bn (€150m), up 20% year-on-year, with the group’s online casino properties responsible for 84% of that, a growth of 40%. This helped offset a 34% fall in Q2 sportsbook revenues, which amounted to some SEK 226m.
Operating income for the first half of the year was SEK 478m (€46m), up 6% on the H1 2019, while closing H1 trading Betsson reported a year-to-date net income of SEK 422m (€40m), up 5% year-on-year.
During the period the Betsson saw several significant events, completing the acquisition of GiG’s B2C vertical, and announcing entries to the US (Colorado) and Kenyan markets.
Reflecting on the group’s performance, President and CEO of Betsson AB, Pontus Lindwall, said:
“We responded quickly and decisively to make changes in our offer, and I am particularly pleased to see the strong performance in casino.
“Sports betting revenues continued to be impacted in the second quarter by the pandemic as expected, however benefited from the progressive return of football and other sporting events at the end of the quarter. Our business has remained financially robust and resilient to this impact, being both diversified and flexible.”
The company has said that things are looking strong for Q3 2020, with daily revenue 35% higher than average, but has sounded a note of caution regarding regulatory environments in key markets.
Specifically, the company is facing higher tax burdens in Denmark, a payment ban in Norway, the suspension of online gambling in Latvia, and most worrying of all, the controversial emergency gambling restrictions in Betsson’s home market of Sweden.
Regarding the situation in Sweden, Lindwall said:
“During this pandemic, governments have been modelling a range of scenarios of potential impact, several governments took immediate temporary actions on our industry such as either suspending gambling both offline and online or implementing restrictions on marketing.
“In the beginning of the third quarter, when most countries had removed Corona-related restrictions, Sweden sadly enough implemented restrictions on online casino, without empirical evidence. This measure will, unfortunately, push even more consumers to play outside of the Swedish regulation.”
AYO.NEWS says:
With Betsson’s extensive online casino offering, it was well-placed to ride out the COVID-19 storm compared to operators more exposed to sports betting. However, as we’ve been cautioning for some time, the crisis looks to be far from over and a second wave of infections later in the year could result in more lockdowns, and more severe economic disruption. But, as Pontus Lindwall highlighted, the biggest threat to successful operators like Betsson is most likely politicians rather than the virus.
‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates.
All original content featured on this site is © Pentagon Digital Limited, 2020
With several years experience in the igaming and sports betting industries in Malta under his belt, over the last few years Oliver has developed a passion for blockchain and an interest in esports. He’s also a published novelist and has a background in art and photography.

Maarja Pärt
Coingaming Group has appointed a new CEO and COO in a major reshuffle.
Former COO Maarja Pärt is taking the reins as group CEO, and will oversee a stronger focus on the Sportsbet.io, Bitcasino.io, and Slots.io brands.
Commenting on her promotion Pärt said:
“Today marks a new chapter at Coingaming and it’s a chapter that in comparison to our beginnings, looks incredibly different. We now have more pioneering projects, partnerships and possibilities than ever before but still, our core mission to disrupt and innovate remains unchanged.”
Former Head of VIP and Customer Support at Coingaming Group, Anita Brinke, has taken over Pärt former role as COO, and will be “overseeing the ascension and outreach of Coingaming’s operations.”
Regarding her new appointment, Brinke said:
“I’m thrilled to be able to take on such a position within the business. Working together with Tim, Maarja and the wider Coingaming Group there’s a sense that everything is possible and as I take on the COO role, I’ll endeavour to keep that spirit alive, ensuring that operationally we’ll also continue to go from strength to strength.”
Following the changes, Coingaming Group Co-founder and CEO, Tim Heath, will be focusing on growing the Group’s venture capital arm, Yolo Investments – who’s portfolio currently includes 44 early-stage fintech and gaming ventures.
Discussing the reshuffle, Heath said:
“We are very excited to extend our focus into banking and disruptive crypto opportunities, alongside our existing gaming and fintech assets; the future looks very exciting. One immediate benefit of these changes is that we’ll be able to work with our the Sportsbet.io and Bitcasino.io brands, spearheaded by our newly appointed CEO, as investments alongside the other 44 the Group has made to date.”
Staying with Coingaming Group, at the end of August, Sportsbet.io came to the rescue of Southampton FC, after the club was forced to abruptly terminate its three-year partnership with Chinese sports content, marketing and entertainment platform LD Sports after just one year.
All original content featured on this site is © Pentagon Digital Limited, 2020
SBC Digital Summit Africa is to open with an exclusive interview with Yakubu Ayegbeni, the Nigerian football legend and Interwetten brand ambassador.
The interview on 6 October 2020, the opening day of the virtual event for the African betting and gaming industry, will see the former striker discuss his playing career and his work with Interwetten’s recently-launched Nigerian sportsbook.
Delegates will have the opportunity to ask questions about Yakubu’s career, which saw him represent Nigeria at the 2010 World Cup, four African Cup of Nations finals and the 2000 Olympics.
At club level, he won the Israeli Premier League twice with Maccabi Haifa before his goalscoring feats in the Champions League earned him a move to the English Premier League. He went on to score 95 times in 252 games during spells with Portsmouth, Middlesbrough, Everton and Blackburn Rovers, and also played an important role in Middlesbrough’s famous run to the 2006 UEFA Cup Final.
The session comes at the start of a busy two-day conference schedule, which will run alongside a programme of skills workshops and networking roundtables, and an interactive exhibition.
Yakubu said:
“It’s a pleasure to be able to represent Interwetten at the SBC Digital Summit Africa and fantastic that SBC is bringing its virtual events to Africa. I look forward to meeting everyone there online.”
Rasmus Sojmark, Founder & CEO of SBC said:
“SBC Digital Summit Africa is our first ever dedicated event for the African betting and gaming industry, so it’s fantastic to be kicking things off with one of the greats of African football.
“We’re excited to hear more about Yakubu’s illustrious playing career, what he’s been doing since hanging up his boots, and his work with Interwetten.”
Kevan Edgerton, Head of International Markets at Interwetten, said:
“Nigeria is already a huge sports betting market in Africa and Yakubu is a brilliant ambassador for Interwetten in that market. Being able to bring him to the SBC Digital Summit Africa is a fantastic opportunity to promote our partnership.”
SBC Digital Summit Africa, which takes place on 6 – 7 October 2020, is the largest virtual conference and exhibition dedicated to the African sports betting and gaming industry.
It features a speaker line-up comprising the very best local market experts and industry thought leaders, who will share their insights and ideas on the region’s best opportunities over two days of conference content.
The event’s advanced digital platform will also deliver an interactive exhibition showcasing the latest products from major suppliers, along with a selection of networking events to help operators, suppliers and investors interested in markets in Africa to connect. Further details about SBC Digital Summit Africa are available from the event’s official website, where delegates can register for a free access pass.
Image credit: EsportsConstruct
Online casino games distributor QTech Games has strengthened its cross-vertical spread through a deal with EsportsConstruct.
The partnership makes EsportsConstruct’s full portfolio, including FIFA 2000, NBA 2K20, Tennis World Tour, and Mortal Kombat, available to QTech Games clients and their players in developing territories.
QTech Games and EsportsConstruct say they have collaborated to optimise the esports experience for traditional bettors with a raft of recognisable titles, whose format and betting markets scale in synergy with the head-to-head competition of ball sports or big fights. This approach is designed to help establish esports betting as a long-term vertical, rather than simply a short-term alternative.
Discussing the partnership QTech Games CCO, Ulf Norder, said:
“It’s rewarding to team up with EsportsConstruct, whose brand shares our own core values around premium content and innovation. Whatever the state of play, the QTech platform is committed to identifying player demand and delivering it, via a game lobby whose machine learning techniques speak straight to wide-ranging markets and varied player preference.
“Esports, virtuals and Augmented Reality represent the next frontier for igaming – and this period of adaptation is now fast-tracking that process for esports which is here to stay. QTech are again leading the way forward in growth markets with an array of breakthrough deals.”
While CCO of EsportsConstruct, Dan Gibas, added:
“As part of the wider entertainment industry, operators are learning to adapt their offerings to accommodate changing appetites.
“As strategies shift, our esports portfolio is winning the day, realising the vertical’s potential by either engaging dormant sports audiences or cross-selling casino players with an organic diversion of attention. QTech Games’ expansive platform was naturally the perfect vehicle with which to distribute our content across emerging markets, particularly on mobile.”
AYO.NEWS says:
Increasingly we’re seeing both suppliers and operators realise that iGaming needs to start seeing itself as part of a complex digital entertainment ecosystem, of which the combined video gaming/esports space is already the dominant part. Of course, this new reality was already forming before the COVID-19 crisis, but there’s no doubt it is acting as a catalyst for even faster change.
‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates.
All original content featured on this site is © Pentagon Digital Limited, 2020
Scientific Games Corporation and Gamesys Group plc have launched MONOPOLY Casino in Spain.
The new venture follows the success of the MONOPOLY Casino UK site, launched back in 2015, and will offer Spanish players a tailored offering based on the classic board game.
The casino’s games portfolio leverages well-known Hasbro branded games from Scientific Games, many of which are localised for the Spanish market, including MONOPOLY Rising Riches and MONOPOLY Paradise Mansion.
Players will also have access to MONOPOLY Daily Free Parking, a free-to-play game that has been customised to feature some of Madrid’s most famous properties.
Discussing the launch Country Manager, Spain, at Gamesys Group plc, Raul Ibanez, said:
“We’re really excited to be working with Hasbro and Scientific Games once again, bringing the already successful MONOPOLY Casino to a new audience in Spain.
“MONOPOLY is one of the most recognizable brands and continues to entertain players all over the world with new versions of casino games inspired by the classic board game. Together with Scientific Games, we’re taking the player experience to new heights with a truly localized offering for Spanish players.”
While SVP Gaming at Scientific Games Digital, Dylan Slaney, added:
“Combining the power of the MONOPOLY brand with the expertise of Gamesys is a no-brainer for us, and we can’t wait to build on the success we’ve already achieved together in the UK by extending our partnership into the Spanish market.
“We’ve evolved the Hasbro brand in recent years by bringing fresh new gaming experiences that really resonate with players. We’re sure MONOPOLY Casino will be a big hit in Spain and look forward to working alongside Gamesys and Hasbro over the coming months.”
All original content featured on this site is © Pentagon Digital Limited, 2020
iGaming
MARKETING, LOTTERIES AND NORTH AMERICA TAKE CENTRE STAGE ON SBC SUMMIT BARCELONA – DIGITAL DAY THREE
Affiliates, lotteries and the US market take centre stage on day three of SBC Summit Barcelona – Digital, with a line-up of senior executives ready to share their insights on the future direction of these key areas of the betting & gaming industry.
Following on from the first two days of in-depth insights and high-level discussions at the industry’s largest ever virtual conference and exhibition, delegates attending on Thursday 10 September can look forward to three conference tracks.
The Marketing & Affiliation Track, sponsored by Clever Advertising Group, includes a Leaders Panel focused on the evolving relationship between affiliates and betting & gaming operators. Toby Bentall (CEO, Oddschecker Global Media), Simon Pilkington (CEO, KaFe Rocks), Christian De Cailleux (CEO, Skores), and Marcos Oliveira (Chief Affiliate Officer, Clever Advertising Group) are set to participate, with Lee-Ann Johnstone (CEO, AffiliateINSIDER) in the moderator’s chair.
The track also features sessions on a number of topics crucial to driving business growth, such as social media, player retention, sports sponsorship, and alternatives to the traditional affiliate model.
Speakers ready to share their expertise with the audience include Neill Simpson (Brand Director, Mr Green), Eitan Gorodetsky (Acquisition Director, Betsson Group), Dan Towse (Head of Brand, Marathonbet), Yaroslav Stanev (Head of Marketing, Oddspedia), Chris Harrison (Industry Head – Finance Trading & Egaming, Google), and Thomas Ash (Sr. Client Partner – Sports Betting & Gaming, Twitter).
Completing the track is Parimatch’s CMO Ivan Liashenko, who will deliver a presentation detailing how the company developed into a global brand.
The Lottery Daily Track, sponsored by GLMS, will take an in-depth look at a crucial part of the gambling ecosystem, addressing topics such as player protection and the role of lotteries now that many of them also offer betting and casino games. The expert speaker roster includes Jens Nielsen (Sportsbook Director, Danske Spil), Camilla Folladori (Head of Lotteries Concession Renewals, SISAL), Vincent Perrotin (Head of CSR, FDJ), Tay Boon Khai (Chief Risk & Compliance, Singapore Pools), and Thanos Rigas (Sports Team Director, OPAP).
As the business day gets underway in North America, so does the US Market content. It features four sessions addressing how brands can reach American bettors, the progress of state-by-state regulation, the potential investment gold rush, and the future of sports betting.
The expert panelists ready to analyse the next steps in the evolving US market include Greg Carlin (CEO, Rush Street Gaming), Todd Kobrin (CEO, Oddsium), Max Bichsel (VP of US Sales, Gambling.com Group), Bill Pascrell III (Partner, Princeton Public Affairs Group & Trustee, GVC Global Foundation), Daniel Politzer (VP, Equity Research. JP Morgan), and Richard Schwartz (President, Rush Street Interactive).
Outside the virtual conference rooms, KPMG and Pinnacle will be staging workshops on the benefits of automation and the prospects for esports betting in the US, respectively. There are also themed networking roundtables for the Asian, CIS, and LatAm markets, as well as a casino industry session and a gambling affiliate meet-up, all of which will provide an easy way to find and connect with fellow delegates with shared business interests.
Delegates who missed the opening two days will also be able to use the event platform’s on-demand feature to catch up with the conference content they missed. The second day saw a focus on international markets, including the Australia – Pushing Back On Restrictions session, which examined whether online operators would be permitted to join retail bookmakers in offering in-play betting.
Jake Henson, COO of BetMakers Technology Group, suggested that a change in legislation would only be possible if professional sports lobbied for it, something that would only happen if TV ratings began to dip. He said:
“As we know, with time-sensitive millennials, a two-hour field game is difficult to sit through, and they would like to be doing something else. In-play wagering could be a patch-up for that issue – something which the AFL and NRL are going to have to address at some point.”
In the same session, Peter Cohen, Director of The Agenda Group, outlined why online casinos are unlikely to be legalised in Australia in the near future. He said:
“The federal government isn’t going to amend its Interactive Gambling Act to allow online casino games – largely because they won’t get any of the revenue from lifting the ban. The tax revenue is directed towards the state, so there is no incentive for the federal government to have a fight with anti-gambling people to allow online casino games.
“I can’t see it happening. I actually think that getting rid of the ban on in-play betting has a miniscule chance of happening – but lifting the ban on online casinos has no chance.”
SBC Summit Barcelona – Digital takes place over four days this week (8 – 11 September) and features four main zones – Sports Betting, Casino & Gaming, Payments & Compliance, and Affiliate & Marketing – each of which have their own conference tracks, networking roundtables and interactive expo halls.
Click here to secure your free pass for the betting & gaming industry’s largest ever virtual event.
Gaming platform provider The Mill Adventure and Casinobud have teamed up to launch a new casino syndicate product.
The new product, Casinobud.com, launched in Finland in July and went live in other European markets last month. It claims to be the world’s first proposition offering online syndicate betting on video slots and live casino products.
At Casinobud.com players can play casino games together in group sessions, pooling money to aim for collaborative wins. Users can either play with a group of friends, or other Casinobud players online. One member of the group takes charge as captain, and the others are able to follow the progress, chat, and interact via a sophisticated interface. Sessions can also be streamed live via Twitch, giving non-users the chance to watch the action.
Discussing the new product Co-founder and CEO of The Mill Adventure, Dario Arruda, said:
“Casino players have been craving that social interaction, and Casinobud offers them exactly that. I definitely believe this industry first product has a huge future in the casino vertical, and can’t wait to see how it evolves over time. Together with Casinobud, I believe we have created something new and unique here, while making sure it’s done in the right way.
“Our mission at The Mill Adventure is to provide world-class and innovative iGaming platforms, solutions and services that allow companies – from startups to top-tier brands – to remain relevant to their players. We’re doing this by inventing new concepts, operating with an expert team and improving efficiency in all sectors.
“Casinobud is a fantastic example of our commitment to this mission, and I’m thrilled to showcase this cutting-edge concept as part of our ever-growing portfolio of innovations.”
While CEO of Casinobud, Fredrik Sehlstedt, added:
“The concept itself has existed in other verticals within gaming like sports betting and lottery for some time, both in physical shops and online to a certain extent, but it has not yet been made available for all product verticals such as online casino.
“This is a very exciting moment for us and the cooperation we have had with The Mill Adventure, from the planning stage to execution, has exceeded our expectations.
“The strong technical experience and knowledge from The Mill Adventure, and our product vision, was a perfect and essential match to reach the mutual goal for this exciting, yet challenging feature to become a reality.
“What we have launched is just the tip of the iceberg. Together, we are exploring new features, as well as new market opportunities. We have some very exciting times ahead of us and expect to make a big impact on the online casino industry.”
AYO.NEWS says:
Online casino has been crying out for some truly groundbreaking new concept for years. Will this social syndicate model be it? Well, the COVID-19 crisis has definitely increased the demand for both online gaming and online social interaction, so we wouldn’t be surprised if this takes off.
‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates.
All original content featured on this site is © Pentagon Digital Limited, 2020
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