Sportradar Teams up with Formula 1 EMEA
Sportradar has expanded its F1 betting offering with the introduction of new, live in-race betting markets
Introducing live in-race betting opportunities is a starting point to unlocking opportunities and increasing interest and engagement amongst fans
UK SPORTS BETTING
SOUTH AFRICA – The founder and former Chairman of Kerzner International, Sol Kerzner, died aged 84 at his Cape Town home on March 20. Mr. Kerzner was a pioneering within the hospitality industry and is widely credited as a visionary who redefined the scope and scale of destination resorts.
The youngest of four children, born in Johannesburg to Russian immigrants, Mr. Kerzner's early career began in accounting before taking the helm of the family owned and operated hotel chain. He bought his first hotel, the Astra Hotel in Durban, in 1962 and quickly went on to build South Africa's first 5-star hotel, the Beverly Hills hotel. Several more hotel development projects followed, expanding beyond South Africa, until 1979 which saw the development of Sun City, the most ambitious resort project in Africa. The 10-year project encompassed four hotels, a man-made lake, two golf courses and an entertainment centre with an indoor 6,000-seat arena that hosted many stars including Frank Sinatra, Liza Minnelli and Shirley Bassey.
Many astute acquisitions, developments and expansions followed across the globe including the creation of the internationally recognised resort brand Atlantis, as well as One&Only Resorts. Both brands continue to grow with new projects planned for One&Only Resorts in China, Montenegro and Saudi Arabia as well as significant extension plans for the Atlantis property in Dubai. Tycoons such as Sol Kerzner this industry will never see again.
UK – The Gauselmann Group has acquired a significant majority stake in Bede Gaming. Bede develops and markets online gaming platforms for operators of casino, sports betting and lottery offerings. The acquisition strengthens Gauselmann Group's digital presence, creating new opportunities for the opening of the German online gaming market from 2021. Furthermore, it is gaining a foothold in the North American lottery market, in which Bede Gaming is an important partner to the Ontario Lottery and Gaming Corporation (OLG), one of the world’s largest lotteries. “Bede’s technological expertise is very impressive and its highly complex solutions are first choice for leading gaming companies not only in the UK, but around the world," explained Paul Gauselmann, CEO and founder of the Gauselmann Group. "This acquisition will allow us to broaden the existing technology base within the Group and at the same time enable us to offer it to our customers and partners."
Bede Gaming will operate as an independent business unit within the Gauselmann Group and continue to maintain its offices in Newcastle upon Tyne (UK), Sofia (Bulgaria) and Toronto (Canada). The management will also continue to hold a stake in the company.
P16 NEWSWIRE / INTERACTIVE / MARKET DATA
Exclusively offering official F1 data, Sportradar will deliver a fast and comprehensive range of pre-race and in-race markets available to operators. Live data taken directly from the track on a race day will be made available from each of the 22 rounds in this year’s F1 World Championship.
Te live odds product will utilise untapped, historical F1 data to create new live odds models. Initially, live odds will be provided for 20 plus in-race markets with practice and qualifying sessions added as the season progresses. Existing pre-race models include driver markets covering winner, podium and top 10 finishes, along with constructor markets, group winners, drivers to be classified, race head-to-heads and pole position head-to-heads.
Sportradar Managing Director Sports Partnerships, David Lampitt, described the launch of live in-race betting as “a ground breaking move for F1 that will increase engagement and bring new fans to the sport.”
Betway to pay record fine for failings linked to VIP customers
UK
Te UK Gambling Commission has ordered Betway to pay £11.6m, alongside implementing a package of measures, for a series of social responsibility and money laundering failings linked to dealings with seven of its high spending customers. In one instance, the operator failed to carry out source of funds checks on a ‘VIP’ customer who deposited over £8m and lost over £4m during a four-year period. In another, Betway failed to carry out effective social responsibility interactions with a customer who deposited and lost £187,000 in two days.
Te investigation found that as a result of a lack of consideration of individual customers affordability and source of funds checks the operator allowed £5.8m of money to flow through the business which has been found, or could reasonably be suspected to be, proceeds of
He added: “Formula 1 is one of the world’s most recognised sports brands with unique commercial opportunities that continue to expand. Introducing live in-race betting opportunities is a starting point to unlocking those opportunities and increasing interest and engagement amongst fans worldwide.”
Adam Crothers, Head of Digital Media Rights, F1 said: “We are very excited to be working with Sportradar who are world leaders in data distribution and share our passion to make F1 a significant player in this field.
“We believe this partnership will provide our fans with yet another platform to engage with the races in a manner that hasn’t been possible until now, as we head into another exciting year of racing. For a long time now our sport has been synonymous with data as it is such a key component of F1, and this agreement will allow us to bring that data to life through Sportradars exciting in-race betting offering which is set to expand throughout the season.”
crime. Te majority of this money will now be divested and returned to victims. Te regulator probe also revealed inadequate management oversight and investigations into responsible Personal Management Licence holders are ongoing.
Richard Watson of the Gambling Commission, said: “Te actions of Betway suggest there was little regard for the welfare of its VIP customers or the impact on those around them. As part of our ongoing programme of work to make gambling safer we are pushing the industry to make rapid progress on the areas that we consider will have the most significant impact to protect consumers. Te treatment and handling of high value customers is a significant piece of that work and operators are in no doubt about the need to tackle the issue at speed. We have set tight deadlines for when we expect to see progress and if we do not see the right results then we will have no choice but to take further action. Tis case highlights again why progress needs to be made.”
Russia
Summit Ascent Holdings, which owns 60 per cent of Oriental Regent, operators of Tigre de Cristal in the Russian Far East, has said the casino saw an increase of 18 per cent in EBITDA and a 15 per cent increase in revenues in 2019. Adjusted Property EBITDA generated came in at HK$214.8m in 2019, up from HK$181.4m in 2018, whilst revenue came in at HK$532.8m. Profit saw a significant increase to HK$82min 2019, compared to HK$7.6 million in 2018. Te slot business outperformed the company’s other lines of business in 2019 and recorded revenue of HK$185.6m, up 30 per cent compared to HK$142.9m in 2018. Rolling chip business also saw significant improvement with revenue increasing by 12 per cent from HK$109.5m in 2018 to HK$122.5m in 2019. In addition, a new private club, a new hot pot section in Pan-Asian restaurant, and stand-alone noodle bar are being added to the property’s amenities.
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