Bernanke dismisses oil price threat as US recovery rolls on

first_img Bernanke dismisses oil price threat as US recovery rolls on Show Comments ▼ whatsapp Share whatsapp SOARING oil prices pose only a “temporary” threat to inflation, Federal Reserve chairman Ben Bernanke said yesterday.The dollar, tumbling to a three and a half month low against the euro, received little support from Bernanke’s testimony to the Senate’s banking committee, in which he showed no inclination of a move towards monetary tightening.“The tone of his remarks suggest that the turn in the rate regime is distant, and still likely more distant than what the market is now expecting,” said Eric Green of TD Securities.However, Bernanke also said the threat of deflation is now “negligible.”His testimony coincided with the release of the latest ISM manufacturing index, which delivered more positive news for the US recovery.America’s factory sector shot up to 61.4 in the index last month — its highest level since May 2004, and up from 60.8 in January. The ISM index showed an increase in prices paid for goods to a two and a half year high of 82, from 81.5 in January.“However, this index follows the oil price and tells us very little about the ability of firms to pass higher costs on,” said Paul Dales of Capital Economics.There was bad news from the US construction industry, meanwhile, with spending in the industry down 0.7 per cent in January. Tuesday 1 March 2011 8:04 pm KCS-content Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Tags: NULLlast_img read more

Information security round up

first_img Justin Bellinger shares the latest updates from the world of cyber security Tech & innovation 21st August 2018 | By Hannah Gannage-Stewart Information security round up Regions: Europe Email Address Topics: Tech & innovation Tags: Online Gambling Subscribe to the iGaming newsletter Justin Bellinger analyses the latest threats to our infrastructure and livelihoods and shares fixes and patches for them. In wider news he takes a look at points of interest from hacking conference DefCon 2018.SoftwareMicrosoft has rolled out some 60 patches in the latest Patch Tuesday release, including two zero-day patches in the 19 critical flaws that were fixed in the releases. A further 39 important flaws were also fixed in the cumulative updates. All fixes are covered off in updates for all versions of Windows including; Microsoft Edge, Internet Explorer, Microsoft Office, Visual Studio, .NET Framework, Microsoft SQL Server, Microsoft Exchange Server, and Adobe Flash Player.Apple’s latest releases are iOS 11.4.1 for iPhone, iPad, or iPod touch, while macOS is now on 10.13.6, tvOS is 11.4.1 and watchOS is on 4.3.2. Some 12 security patches were included in iOS 11.4.1, the majority of which addressed flaws in WebKit.The good news is that USB Restricted Mode made it into iOS 11.4.1 making it much harder for anyone who has misappropriated your device to crack it through the lightning port. The feature is disabled by default but you’ll find it in the Touch ID and Passcodes section in settings.An interesting tip is that if you need to enable this mode in a hurry, pressing the power button on your phone five times in quick succession will enable the mode irrespective of the switch in the settings.Updates to macOS 10.13.6 also address some 12 security flaws in the operating system. Since the update was released news has emerged from DefCon 2018 that it is possible to dupe the macOS, through synthetic mouse clicks, into bypassing security prompts.Digita Security’s chief research officer Patrick Wardle accidentally discovered the flaw after pasting two consecutive synthetic “down” clicks into some code and compiling it, these synthetic clicks were misinterpreted by High Sierra as a manual legitimate click.It is expected that new features in macOS 10.14 Mojave, due out later this year, that block all synthetic events completely will prevent such attacks from occurring at all.Linux: Redhat and Ubuntu among other variants of Linux have been affected by two bugs known as ‘FragmentSmack’ and ‘SegmentSmack’. Both the bugs could trigger a denial of service attack on the device through very small amounts of data, not requiring the volumetric power of a distributed denial of service attack. Keep an eye out with your maintainer for any information on mitigation or patches for affected kernel versions.Oracle has urged users to install a critical patch as soon as possible. Oracle Database versions, and, are all affected by an attack that can be executed remotely which can result in complete compromise of the Oracle Database and shell access to the underlying server. This patch takes the company outside of its normal quarterly patch release schedule, further details can be found under CVE-2018-3110.Network and HardwareIntel is reeling from yet another security flaw discovered on some of its chips, the third time this year after Meltdown and Spectre in January. The company has released security updates for a long list of processors going back to 2015. The new attack dubbed Foreshadow by researchers is similar in make up to Meltdown and Spectre. Intel has named them L1 Terminal Fault (L1TF) bugs. Fixes for the bugs should be sought through hardware and software suppliers and should be applied as soon as possible.The fixes involve disabling some of the chip’s features, much in the same way as speculative operations were disabled to mitigate prior chip flaws. There should be little discernible impact on performance for any tasks outside of extreme data centre type loads but bear in mind that the features were introduced to increase performance in the first place.Note that all OS instances on cloud and virtual machines need to have the patches applied to fully protect the underlying hardware. Intel is expected to release a new range of silicon that does not suffer from the flaws discovered over the last few months a little later in 2018.Cisco have released three patches preventing denial of service attacks in some of its product range. Two of the patches cover a reload condition that can be executed in Cisco AsyncOS Software for Cisco Web Security Appliances and Cisco Adaptive Security Appliances.The third issue affects XCP Router service of the Cisco Unified Communications Manager IM and Presence Service and the Cisco TelePresence Video Communication Server and Expressway. If exploited a malicious actor could cause a temporary service outage. MalwareAZORult Stealer has received an update and is once again proving to be a problem, the malware is regularly altered, one of the reasons that it is so persistent. The latest variant seems to be targeting a North American audience at the moment and typically delivers a password protected word doc.Once the doc is opened using the password contained in the email and the macros are enabled, the AZORult payload is downloaded. The malware both collects information and can also be used in ransomware attacks.Emails typically come out within a day of the malware being updated, naturally any unsolicited email, or emails with attachments in general, should be treated with caution. These latest AZORult mails seem to be on an employment related theme, containing resumes and job candidate type attachments.Marap is a new downloader malware being delivered through the Necurs botnet. Recently discovered from researchers at Proofpoint, the malware currently contains fingerprinting modules, looking for information such as username, domain name, IP address and so on – common fingerprinting information that could be used in future attacks. The researchers warn us that Marap is capable of delivering additional payloads in the future.In the newsDefCon 2018 has thrown up some interesting developments; from the smartphones that ship with malware out of the box through to an attack on Amazon Echo and the first concept piece of malware powered by artificial intelligence.DeepLocker is a truly worrying piece of research brought to us by the people at IBM Research. The researchers have designed malware powered by artificial intelligence, creating what they call a “highly targeted and evasive” piece of malicious code.DeepLocker can leverage several attributes to identify its target, including visual, audio, geolocation and system-level features. In an example given by the researchers these triggers could be set to only deliver the malicious payload to a specific individual that the malware recognises through facial recognition. It could bury itself in video conferencing code for example and compare the feed to publicly available images of the targeted individual before unleashing the malware.DeepLocker is extremely difficult for analysts to detect as it does not reveal what kind of target it is looking for; a person or organisation, or indeed who the target is if it is a person. Finally, as the attack remains fully encrypted until the target is found it is impossible for analysts to figure out how the attack will be executed.Phones shipping with malware out of the box: Security researchers from US Mobile and IoT security firm Kryptowire highlighted some 25 andriod phones that they had discovered shipped with malware in their default applications. The researchers presented a list of these, mainly lesser known, devices at DefCon, there were models from LG, Nokia and Sony in the list however.Amazon Echo was demonstrated to be compromised by security researchers Wu Hui Yu and Qian Wenxiang. The pair demonstrated how the Echo could be used to eavesdrop on conversations without users knowing the device was recording. Don’t panic just yet if you have an Echo however as the researchers have already passed their knowledge on to Amazon and the attack also requires the attacker to have compromised the WiFi network that the Echo is on.As always please stay vigilant, apply patches and updates vigorously and, above all, stay safe. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

iGB Diary: Corbyn, new deals, high street bookies and GBBO

first_img14th September 2018 | By Hannah Gannage-Stewart iGB Diary iGB Diary: Corbyn, new deals, high street bookies and GBBO Subscribe to the iGaming newsletter Looking at Labour’s fundraising strategy, Bede’s big win, bookies and Bake Off Topics: iGB Diary Happy Friday igamers! This week we clock questions over Labour’s fundraising strategy, celebrate Bede’s big win in Canada, assess the future of high street bookies and spy pre-watershed shirt sponsorship on the Great British Bake Off.Chance of a lifetime The name Tony Blair is mud in Labour Party circles these days, but Corbynistas may soon find another reason to take against the former PM. Buzzfeed has noticed that a competition where party members are asked to donate to be entered into a draw for the chance to meet Jeremy Corbyn at backstage at the party conference may breach UK gambling regulations. Sure, there is an option to enter the draw without making a donation, but this is hidden away in the small print beneath umpteen requests for donations. And who passed this legislation that might see JC’s party fined by the UK Gambling Commission? Why, none other than Labour under Tony Blair, back in 2005! It’s the biggest conspiracy to hit the party since 2016’s Portland Group coup.Mixing it with the big boys Bede again showed it can stand shoulder to shoulder with the big boys in the supplier space yesterday when it announced it had won the contract to supply the Ontario lottery with an igaming platform. Bede has come a long way since convincing Rank to become the first Tier 1 operator to move off away from the old guard of OpenBet, Playtech et al. Chairman Joe Saumarez Smith and recent iGB pod interviewee of course advised the lottery on its choice of its first ever internet gaming platform way back in 2011 via his Sports Gaming Ltd consultancy. So it must have been gratifying to say the least to return with his company’s own platform and win through the procurement process against a shortlist including Openbet/SciGames and IGT. Way to go Joe!High street bookies: future tense? The UK retail betting sector is in urgent need of a reboot and needs to sharpen up if it is to overcome the major challenges it will be facing in the next 12-18 months. That was the key message from the “Future of the UK high street bookmakers” event that took place in London yesterday. Some of the main points, in no particular order of importance: FOBTs, attracting a younger demographic to LBOs, show maturity and stop infighting (“Good luck with that” was the pithy response from some audience members). William Hill’s Lyndsay Wright issued a stark warning that bookmakers had to decide whether they wanted to be like the alcohol industry, a widely accepted social pastime with no major image problem; or follow tobacco, whose products are plastered with gruesome pictures of the physical harm it causes and its users shunted to dark doorways. That’s the Diary’s take on it, but you get the message. There were many more very interesting discussions and points made, which iGB will cover early next week (or as soon as the Diary can find its notes!).SBOBet hits primetime Eagle-eyed viewers of the Great British Bake Off may have noticed an inadvertent pre-watershed plug for sportsbook SBOBet this week, proving the benefits of shirt sponsorship. Budding pro baker Jon from Newport was whipping up some Cardiff City-themed Chelsea buns when a picture of him and his son sporting the Bluebirds’ strip flashed up on screen, emblazoned with the SBOBet’s logo. Fortunately, Bake Off’s new home on Channel 4 eliminates the risk of post bags overflowing at Points Of View.That’s all for this week folks. Have a wonderful weekend! AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

Interview: Aspiring for greatness

first_img Subscribe to the iGaming newsletter Topics: Strategy Strategy AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Dima Reiderman provides insight on the benefits of focusing on regulated markets and practical experience in growing a white label business 3rd January 2019 | By contenteditor Aspire Global chief operating officer Dima Reiderman reflects on the company’s rapid growth, highlighting regulated markets and practical experience as crucial Founded in 2005, igaming platform provider Aspire Global has established a strong presence in the notoriously competitive market by carving its own niche segment since going public a year ago. The company employs 180 staff, working with over 60 igaming brands, as well as powering and operating its proprietary casino and sports brand Karamba. Currently, it holds seven licences, most recently securing approval to enter Sweden’s re-regulated iGaming market. The fundamentals of its white label solution, says Reiderman, lie in removing some of the challenges which today’s igaming businesses face: “We can just add operators on top of what we have, and this is how [our platform has] been designed from the start. To be successful with us, all you need to be is excellent in marketing, because we handle all the day-to-day operations.” So how have they achieved such rapid progression within the highly competitive online casino market?“We’ve had the solution out there for a while, but we’ve been under the radar, traditionally. It requires knowledge and expertise – not a lot of gaming companies have 12 years under their belts,” Reiderman explains. “In igaming, that makes us a veteran.” One of the issues Aspire directly addresses through its offering is providing partners with the ability to operate under their multiple licences. What Reiderman feels gives Aspire an edge is their long-term strategy focusing on regulated markets, with the company constantly seeking to increase revenue from such territories: “We believe there’s stability in that – an unregulated market always has a certain level of risk because of the level of uncertainty. “You know regulated markets are there to stay, and you have the government to back them up with their own strategy. You can build on a long-term revenue stream in those territories.”Reiderman says that by focusing on regulated territories, copmanies can leverage the expertise of major media businesses, such as Google and Facebook.“Media companies who already have the capability and knowledge in generating a significant amount of traffic can now monetise on it with a completely new revenue stream from igaming.”The sheer size of this opportunity, coupled with the fact that multiple clients operate under its licence, makes it all the more crucial to maintain this whiter-than-white focus. “As a general guideline, we like to stay above board, and we guide our partners on where to go and where not to go,” he says. “We control the platform and the licenses are ours, so if someone does something risky it’s our licenses that are at risk. “ Additionally, Aspire manages players when it comes to CRM, payments and risk, fraud prevention and analysis, as well as the operations, which Reiderman sees as a “huge” undertaking to do alone. One way to reassure potential concerns is through Aspire’s commercial structure, which Reiderman feels is unique from others.“The vast majority of our income from the partners comes as a revenue share deal. In simple terms, we only make money when they do. So interests are really aligned as of day one. A fundamental difference Reiderman sees between Aspire and traditional platform providers is the B2C experience, which was the original focus before the company expanded into B2B solutions.He says: “We have B2C experience, so we know what it takes to be a successful operator just by doing it with our own brands, and Karamba is an example of that – it’s a well-known brand. We know how to replicate success to a partner of ours, and it is easier for them to trust us. It’s the same platform behind the scenes, the same games as well as the same operational backbone.” This expansion from B2C to B2B has led to what he calls “one vast knowledge base” where learnings from both business arms feed into one another. He does, however, note a clear segregation within the company to ensure there is no conflict of interest between competitors. As the company continues to grow and develop, Reiderman notes brand awareness will be the next challenge to overcome: “Traditionally our approach has been more hear-say, and most of our partnerships were referrals over the years. We’ve been changing that over the last year or two.” “We’re not interested in working with operators that are too small to succeed, so we find ourselves saying no more often than we’re saying yes! Trust runs through our DNA, and the commercial model is built to support that.” Additionally, Reiderman shared plans to continue adding further licences to the platform. In 2018, the company introduced two new verticals; sports betting and bingo, having operated as a casino company for 12 years previously. Further developments include the potential for future mergers and acquisitions. While Reiderman stated nothing significant has been executed as of yet, a “very good cash position” is spurring a search for the “right company.” With recent figures showing Aspire Global expects to meet its financial targets for 2020 one year ahead of schedule, the company is updating the new financial targets for 2021 to revenues of €200m and an EBITDA of €32m, excluding material acquisitions, with a raised target for the EBITDA-margin from 15% to 16%. Based on what we’ve seen from the company in recent years and the promising financial developments, the future seems bright for Aspire. Interview: Aspiring for greatness Email Addresslast_img read more

Kindred to launch Unibet in Pennsylvania with Mohegan Sun Pocono

first_img29th January 2019 | By contenteditor Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Kindred Group is to debut its Unibet brand in the Pennsylvania through a new strategic partnership with the tribal racetrack and casino Mohegan Sun Pocono. Email Address Kindred Group has revealed plans to launch its Unibet brand in Pennsylvania after agreeing a strategic partnership with tribal gaming operator Mohegan Sun.The agreement covers online and land-based sports betting at the tribe’s Mohegan Sun Pocono racino, as well as igaming services. The deal will run for an initial five years, with the option to extend for two additional five-year terms.Kindred will offer customers an online sportsbook and casino experience, as well as opening a Unibet-branded sports betting lounge at the Mohegan Sun Pocono.Based in the Plains region of Pennsylvania, the racino is owned and operated by the tribe’s gaming arm, Mohegan Gaming & Entertainment.“We’ve aligned with one of the best online casino and sport book operators in online regulated markets which will allow us to offer best in class experience to our existing customers as well as attracting new ones,” Mohegan Gaming and Entertainment vice-president interactive gaming, Aviram Alroy, said.“Introduction of the Kindred offering to the market is a great positive for Mohegan Sun as well as the state of Pennsylvania.”Pennsylvania will become the second state that Kindred has entered, after New Jersey. This month the operator began soft testing its sportsbook with Hard Rock Hotel and Casino Atlantic City ahead of an anticipated full launch in the coming weeks.Kindred said its partnership with Mohegan Sun Pocono forms part of its process to secure regulatory approval in Pennsylvania. The operator has previously spoken about its expansion ambitions in the state.Manuel Stan, SVP Kindred US, said: “We are excited and proud to extend our US footprint into one of the largest US states to regulate both online sports betting and casino.“Finding a strong partner who shares Kindred’s dedication to customer experience and values has been critical, and I am delighted that we have found just that in Mohegan Sun Pocono.”Once live, Kindred and Mohegan Sun Pocono will compete with a host of other operators that have already rolled out sportsbooks in the state, with six currently live.Caesars Entertainment is the most recent to go live, launching its Scientific Games-powered offering at the Harrah’s Philadelphia Casino and Racetrack.Also live in Pennsylvania are the William Hill-powered, Penn National Gaming-owned Hollywood Casino at Penn National Racecourse, the Rush Street-operated Rivers and SugarHouse Casinos, and Greenwood Gaming’s Parx Casino and South Philadelphia Turf Club.Image: Smallbones Tags: Online Gambling Race Track and Racino Horse racing Topics: Sports betting Tech & innovation Horse racing Kindred to launch Unibet in Pennsylvania with Mohegan Sun Pocono Regions: US Pennsylvanialast_img read more

Colossus Bets unveils new charitable initiative

first_img Subscribe to the iGaming newsletter Colossus Bets unveils new charitable initiative Pools betting solutions provider Colossus Bets has launched a new corporate social responsiblity (CSR) initiative to support three high-profile charitable organisations.Through Conscious Colossus, the supplier is to provide fund and raise awarness for Young Gamers & Gamblers Education Trust (YGAM), the Greyhound Trust and Alive and Kicking.YGAM helps inform, educate and safeguard young people against problematic gambling and social gaming, while the Greyhound Trust helps rehome greyhounds after they have finished their racing career. Alive and Kicking, meanwhile, manufactures balls for a range of sports in Kenya, Zambia and Ghana, helping to provide jobs for people in each country, as well as using sports to promote health education.It will promote each charity through its media channels and run fundraising campaigns, with the idea of establishing long-term partnerships with each organisation.“As a company, we are fortunate to provide an inherently responsible product with a low impact ethos designed to minimise problem gambling,” Colossus Bets chief operating officer, Eva Karagianni-Goel, said. “But for a while, we’ve also talked about taking a stance on what it means to be a responsible company in a far broader sense and this is how Conscious Colossus came to be.“The scheme is about engaging with causes that are close to our hearts as citizens and humans, not just providers of a gambling product, and we are really excited to start this journey with three amazing charities that have impressed us with their spirit and impact.” 25th July 2019 | By contenteditor Pools betting solutions provider Colossus Bets has launched a new corporate social responsiblity (CSR) initiative to support three high-profile charitable organisations. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Tags: Online Gambling Sports betting Topics: Sports betting Strategy Email Addresslast_img read more

Fansbet operator claims all is well despite affiliate debts

first_img Fansbet operator claims all is well despite affiliate debts Executives of the company behind UK white label sportsbook Fansbet claim the business is in good financial shape, despite acknowledging that the company owes more than £500,000 in late payments to affiliates dating back to August 2019. Finance 9th January 2020 | By Daniel O’Boyle Topics: Finance Marketing & affiliates Executives of the company behind UK white label sportsbook Fansbet claim the business is in good financial shape, despite acknowledging that the company owes more than £500,000 in late payments to affiliates dating back to August 2019.Enda Gaffney, chief executive of Rush Gaming, the Malta-based subsidiary of Rush Entertainment Group which operates Fansbet, said it was behind in payments to multiple pay-per-click (PPC) affiliates. This was down to the business over-budgeting for affiliates, he explained.However, Gaffney added that the company is communicating with these partners and believes it will be able to pay them in full.“Yes it’s a substantial amount but the funds are there,” Gaffney said. “We have probably five or six PPC affiliates that we’re dealing with. We have been in dialogue, we’ve given timelines.”Rush Entertainment Group chief executive Sondre Sagstuen said this overbudgeting led to late payments because the company is undergoing a “restructuring.”Gaffney added that the company was in no risk financially. Although Rush Partners’ listing with the UK Companies House puts the company in debt by £2.6m, leading to suggestions on affiliate forums that the company may be headed towards bankruptcy, Gaffney said these concerns were far of the mark.He said that, as Rush Partners is a subsidiary of Norwegian-headquartered Rush Entertainment Group, the finances of Rush Partners did not reflect the group as a whole.“We’re not going under,” Gaffney said. “The intention is to pay and we will do because we intend to work with these guys in the future.”Rush previously operated three sites in the UK, as well as one under the brand Norske Spil in Malta. However, in November, two of these – Liverpool FC-themed RedsBet and Manchester United-themed RedArmyBet – were closed down and absorbed under Fansbet due to low traffic.Because of the over-indexing of UK affiliates, Gaffney said he anticipates a change in marketing strategy in the future. While the company is likely to still use affiliates significantly, more of these will be focused on territories where operators can do business under Malta Gaming Authority licences, rather than the UK.He added that, while affiliate payments are behind, all other payments, such as those to suppliers, are up to date.Player funds, meanwhile, must be held separately as a condition of a UK Gambling Commission licence. As Fansbet is a white label, these funds are held by white label solutions provider Viral Interactive, a subsidary of Finnplay.“Our key suppliers are Viral Interactive and SBTech and all our invoices are up to date. With marketing it’s just affiliates and operationally we’re fine,” Gaffney said.Martin Prantner, director of Viral Interactive, stressed that marketing was the responsibility of Rush, not Viral.The Gambling Commission’s licence conditions and codes of practice does not mention any responsibilities towards affiliates. While a licence holder must notify the regulator if it defaults on a debt, Gaffney said Rush have not received any formal notice that would suggest a default was imminent.Although Gaffney said Viral was made aware of the late payments, Prantner said this was not the case. He said the only contact about payments between the two concerned payments to Viral.Prantner added that Viral made annual financial checks of Rush, and all other white label partners, as part of its due diligence.“We of course have to do financial due diligence and we periodically review it” Prantner said. “But this relationship between Rush Partners and Viral has been in place for many years, so things, of course, move quickly.“We of course performed due diligence when we entered the partnership and whenever it’s needed. But what we do not check is, for example if there were outstanding invoices towards our client. But of course we do the do diligence on the whole Rush Group, so I think the investment money is on the group level but maybe not in the UK entity at this moment.” Subscribe to the iGaming newsletter Tags: Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: UK & Ireland Email Addresslast_img read more

GC survey confirms worsening public perception of gambling

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter GC survey confirms worsening public perception of gambling Tags: Online Gambling Regions: UK & Ireland Topics: Casino & games Legal & compliance Lottery Sports betting Social gaming 27th February 2020 | By Daniel O’Boyle Only 29% agreed with the statement “gambling is fair and can be trusted”, though this was higher among gamblers – 32% of players claimed it was fair, compared to 25% of non-players.  Subscribe to the iGaming newsletter Casino & games Negative attitudes towards gambling in Great Britain are increasingly prevalent, according to the Gambling Commission’s Behaviour, Awareness and Attitudes Report, with 29% of those surveyed now calling for a total ban.The report, which also found that the number of total gamblers remains steady despite growing online and mobile participation, was based on a telephone survey of 4,003 people conducted in December 2019. This found that 29% of people agreed that it would be better if gambling was banned altogether, up from 25% in December 2018. Respondents were also overwhelmingly of the opinion that there are too many opportunities to gamble today, with 82% saying this was the case.A variety of other questions further highlighted the negative perception of the industry. The survey found that 73% believe gambling is dangerous for family life – up from 71% in 2018 – while 62% said that gambling should be discouraged.Support for the industry appeared to be falling away, with respondents that said people should have the right to gamble whenever they want, falling from 62% to 60%. Those said that gambling “livens up life” fell to 26%, while those that felt gambling is good for society declined to 13%. Despite the increasingly negative attitudes, participation rates appear to be holding steady. Respondents were quizzed on whether they gambled in the past four weeks, with 47% saying they did so, a slight increase from December last year. However, this figure includes National Lottery participation. When this is taken out, it falls to 32%. Gambling is still a male-dominated pursuit, with men making up 51% of participants, compared to 43% of females surveyed. There was evidence that gambling participation was growing among younger demographics. Among 16-24 year-olds surveyed, 40% said they gambled, up from 36% in the prior year, while among 25-34 year-olds this figure grew to 49%, and to 50% among 35-44 year-olds. Older generations, meanwhile, appear to be gambling less. Of 45-54 year olds, participation fell one percentage point to 52%, and to 48% among 55-64 year-olds, down from 55%. For over 65s, it remained steady at 42%.The proportion of people who gambled online, however, increased from 18% to 21%, of which half gambled using a mobile phone, up from 44% in 2018. Those using desktop PCs and laptops to gamble declined to 26% and 38% respectively.Among online gamblers, 95% gambled at home, 15% did so at work and 12% on their commute. A total of 7% of online gamblers did so at pubs or clubs, and 4% at sports venues.In-play betting declined in popularity as the number of online gamblers taking part declined from 23% to 21%, after reaching a high of 26% in 2016. The decline was strongest among younger people, with the proportion of 18-24 year-olds falling from 40% to 37% and 25-34 year-olds falling from 38% to 30%. The average number of accounts per online gambler remained steady at 2.7.The proportion of problem gamblers remained steady at 0.5% of adults, but this was slightly below 2016’s figure of 0.7%. A further 0.8% were found to be at moderate risk of developing a gambling problem and 2.7% at low risk.Those who said they had registered for self-exclusion schemes declined slightly to 5%, while those who were unaware the schemes existed remained steady at 53%. This figure may rise going forward after the Gambling Commission mandated all UK-licenced operators sign up for the Gamstop self-exclusion scheme from 31 March.The proportion of gamblers who gambled twice or more per week remained steady at 20%. Those who gambled once a week fell slightly to 31%, while those gambling less than once a week increased from 47% to 49%.Those who said they had received or seen gambling information from operators such as advice on how to seek help or the chances of winning at a certain game remained steady at 60%.The National Lottery was by far the most popular form of gambling, with 30% playing, up from 2018 but still below 2015. The number playing other lotteries also increased to 12% and those playing scratchcards declined slightly to 10%.Sports betting (excluding horse racing) was the next most popular form of betting, with the number of players increasing slightly to 6.7%. Private bets declined from 6.1% to 5.6%, fruit and slot machine participation increased from 3.7% to 4.2% and horse racing from 3.8% to 4.0%. Those playing casino games declined slightly to 1.5%.Of those who bet on sports, 81% placed bets online and 27% in person. In the national lottery, 36% played online and 73% by retail. For casino games, 74% of players played online and 47% in person.Esports betting increased in popularity, as 6% bet either money or in-game items on esports, up from 4% in 2018.The amount of people who had seen or heard gambling advertising or sponsorship also remained steady, at 87%. Of this group, 51% said they saw these ads on television, 31% on non-gambling websites, 30% on social media, 18% on radio and 23% in newspapers.Those taking part in social gaming declined slightly to 20%. Most of these played slot machine-type games, at 64%. Those playing social poker declined to 29% of social gamers while the proportion playing social casino games fell from 42% to 32%.When asked about nine different areas of gambling policy, more than 60% said they “don’t know anything” about each policy area. The two policy issues that the general public were most aware of were the controls in place to ensure that children and young people are not exposed to gambling, with 38% stating that they knew something about the topic; and the maximum amount that can be bet on machines in bookmakers, with 35% saying that they knew something about this.A total of 32% of respondents said the most important gambling policy issue is having controls in place to ensure that children and young people are not exposed to gambling, the highest figure for any issue. Setting a stake limit on machines in bookmakers was second with 13% and 10% cited increased regulation of non-UK based online gambling operators.Television news was the most popular source of information about gambling, informing 40% of respondents. Personal experience was next at 31%, followed by newspapers at 26% and online news at 25%. Negative attitudes towards gambling in Great Britain are increasingly prevalent, according to the Gambling Commission’s Behaviour, Awareness and Attitudes Report, with 29% of those surveyed now calling for a total ban. Email Addresslast_img read more

Louisiana casinos to reopen with 25% occupancy

first_img Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Email Address Casinos across Louisiana will be permitted to reopen from today (May 18) after the state’s Governor, John Bel Edwards, lifted a number of restrictions related to the novel coronavirus (Covid-19) pandemic. Tags: Card Rooms and Poker Casinos across Louisiana will be permitted to reopen from today (May 18) after the state’s Governor, John Bel Edwards, lifted a number of restrictions related to the novel coronavirus (Covid-19) pandemic.Edwards last week said that Louisiana would enter Phase One of its ‘Roadmap to a Resilient Louisiana’ on May 15, permitting a number of businesses to reopen after they were forced to temporary close due to the outbreak.Restaurants, cafes, gyms, shopping malls, cinemas, museums and fitness centres were among the facilities allowed to reopen from May 15, while racetracks were also permitted to open, albeit without spectators in attendance.Casinos and video poker establishments are also able to recommence activities from today, but with certain limitations in place. Such facilities may only operate at 25% capacity, while only offering 50% of their gaming positions, which must also be spaced out to allow for social distancing.Read the full story on iGB North America. Topics: Casino & games Poker Regions: US Louisiana Louisiana casinos to reopen with 25% occupancy 18th May 2020 | By contenteditorlast_img read more

Lotto NZ forecasts 8.4% sales decline for FY2020-21

first_img New Zealand Lottery Commission (Lotto NZ) has released its statement of performance expectations for the financial year ending 30 June 2021, showing an expected decline of 8.4% from forecasted sales for 2019-2020.Sales are expected to fall from 2019-20’s reduced forecast of NZ$1.34bn (£682.2m/€754.5m/$889.4m) to NZ$1.23bn in the coming year. The amount to be paid to the Lottery Grants Board, which uses lottery revenue to support charitable causes, is also expected to be down 6.7%, from $300m to $280m. Meanwhile, operating expenses are expected to increase from 5.3% of total sales in FY19/20 to 6.6% for FY20/21.“At this point it is too early to accurately predict what the impact of [novel coronavirus (Covid-19)] will be on New Zealand, and therefore on Lotto NZ’s performance,” the lottery explained. “However, given the unprecedented nature of what we are witnessing we have taken a conservative approach to setting targets for the 2020/21 year, and have set our sales and profits targets slightly lower than the modelled long-run median.”The statement offered two explanations of the lower forecast for FY20/21 compared to FY19/20. The impact of the Covid-19 pandemic is cited as a key reason, as well as the “exceptional Powerball jackpots in 2019-20”, which included a must-be-won $50m draw.Lotto, Powerball and Strike games are expected to make up $1.025bn of next year’s sales, 83.4% of the total forecast. ‘Instant Kiwi’, and other games such as Keno, Bullseye, and Play3, are expected to make up the remaining sales revenue.Retail currently accounts for the majority of sales made, however forecasts for 2019-20 have been downgraded from their original targets. At the beginning of the financial year, sales targets for retail amounted to $984.4m; however the channel is now forecast to generate $935.2m, down 5%.Retail forecasts for FY20-/21 are lower still at just $810.4m, down a further 13.3% from the forecasted figure for FY19/20.The operator expects to increase its digital sales revenues in FY20-21, up 2.8% from a forecasted $406.8m in 2019/20 to $418.3m.This comes after the closure of NZ Lotto retail locations moved more players online, resulting in the forecasted digital revenue FY19-20 being up over 50% from the original target of $270.2m. Lotto NZ forecasts 8.4% sales decline for FY2020-21 Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Lottery New Zealand Lottery Commission (Lotto NZ) has released its statement of performance expectations for the financial year ending 30 June 2021, showing an expected decline of 8.4% from forecasted revenues for 2019-2020. Email Address Lottery Regions: Oceania New Zealand 30th July 2020 | By Conor Mulheir Tags: Mobile Online Gamblinglast_img read more