GamCare, Playtech, BGC and another blockbuster: the week in numbers
Eac h week, CasinoBeats drops down the numbers behind some of the most interesting stories in the industry. In the latest issue, we look at more states that have legalised gambling and sports betting, the fallout from the Peers for Gambling Reform report, another Victorian blockchain, and GamCare's call for cooperation from UK financial institutions and companies.
GamCare has called for more collaboration to tackle "gaps in gambling blocks" after the charity held a sector-wide workshop on gambling-related financial harm.
It says a number of ways have been identified that would enable self-excluded players to deposit with online operators, highlighting the need for more information to be made available to banks, payment processors and operators to prevent circumvention and strengthen protection.
It has also been suggested that e-wallet providers are introducing gambling locks similar to those used by banks in the UK, with a system of cross-referencing between the company's financial services and partners from the TalkBanStop pilot, including the trio of GamCare, GamStop and Gamban, also approved.
Further recommendations include raising awareness of the risks associated with unregulated gambling operators; developing a mechanism to notify consumers of gambling failures; and proactively monitoring new payment methods that are not identified by gambling blockers.
Playtech will focus on its technology-based offerings in B2B and B2B gaming, after the group confirmed the long-discussed sale of its Finalto financial trading division to 210 million $
Buyers are guided by Barinboim Group and supported by Leumi Partners i Menora Mivtachim Insurance , with Playtech confirming that talks were ongoing in January following media speculation
According to this gaming technology company, the divestment is in line with the group's strategy to simplify operations; unlock significant capital; and increase predictability and stability of cash flows.
Completion is expected in the final quarter of the year, with the deal unanimously backed by Playtech's board of directors, and is in the best interests of shareholders.
Betting and Gaming Council reaffirmed its commitment to change and its belief that "ministers will make sensible decisions for the future based on serious evidence" rather than what the association calls "fantasy figures" in today's Peers for Gambling Reform report
A report produced by NERA on behalf of PGR suggests that reforming the gambling industry would likely have positive social effects on employment, tax revenue and workers' earnings.
The review assessed the economic impact of the reforms on the UK gambling sector proposed by the House of Lords Select Committee on the social and economic impact of the gambling industry.
These include structural restrictions on the size of stakes and the speed of online play, controls on the affordability of online play, the introduction of a compulsory levy on gambling operators, the classification of video game boxes as gambling and a ban on direct sponsorship by gambling operators.
"We 100 percent committed to change and hope that the white paper will lead to a package of reforms that will continue the recent significant improvements in safer gambling, "he said Michael Dugher, Chief Executive Officer of BGC .
Crown Resorts '' Business operations in Melbourne were shut down for a period of one week after the state of Victoria entered its latest circuit breaker lockdown following a spike in COVID infections - 19.
On the advice of his public health team, James Merlino, Premier of Victoria , updated that the region will implement the added restrictions from 11: 59 p.m. Thursday afternoon, May 27, 2021, to 11: 59 p.m. Thursday, June 3, 2021.
This comes just days after the reinstatement of other rules that included private gatherings at home limited to five people per day, public gatherings are limited to 30 people and face masks must be worn indoors unless an exception applies.
Reported region 12 new cases acquired locally in the past 24 hours, bringing the total number of active cases to 34. In total Australia recorded just over 30, 000 cases and 910 deaths.
Aristocrat Leisure plans strong growth throughout the year to September 30, 2021, after detailing a one per cent decline in revenue for the first half of the year in the group's latest financial update.
The company says it enters the second half of 2021 with "excellent momentum, resilience and confidence" after revenues fell one per cent to $2. 22 billion (2020: $2. 25 billion) for the six months ending March 31, 2021.
The main driver of this, Aristocrat says, was "the exceptional performance in , "And" the solid recovery "in North America g aming operations.
Aristocrat digital recorded a 14. 3% increase in H1 revenue to $1. 19 billion (2020: $1. 04 billion), with the group's Australia and New Zealand segment also recording growth to end the period at $ 209. 1 million , up 1.7% from $ 205. 6 million.
The Americas division fell 11. 1 percent to AU $ 810. 2m (2020: $ 911m), with the International Class III segment falling 81. 5 percent to AU $ 16. 8m (2020: AU $ 90. 6m).
The state's governor has welcomed final legislative approval by the state senate for a bill that will legalize online gaming and sports betting in Connecticut, Ned Lamon t .
Anticipating a start date of Sept. 9, before the first day of the NFL season, the bill is to be forwarded to the governor for signature and is the result of an agreement the Lamont administration reached earlier this year with The Mohegan tribe i Mashantucket Pequot Tribe .
The legislation is House Bill 6451, a bill to authorize, license and regulate online casino gaming, online retail and sports betting, fantasy contests, keno and online lottery ticket sales.
Lamont said he plans to sign the bill in the coming days. Then his administration and the tribes will seek approval from the Bureau of Indian Affairs at the U.S. Department of the Interior to amend the state's agreement with the tribes.