Wire EMEA
Entain to exit from ‘most’ grey markets
Entain is accelerating plans to withdraw from a number of unregulated markets where it no longer sees a path to domestic regulation.
TTe Group, which is currently licensed in more than 30 countries, has not revealed which markets it intends to expedite its departure, nor those in which it will remain.
UK OPERATOR NEWS
SPAIN - Euro Games Technology has appointed Alejandro Mosquera Rey as the new director of its office in Spain., taking the position over from Christian Kostovski. Mr. Mosquera has worked at Codere for more than 10 years, where he held the positions of Product Manager and Chief Information Officer, respectively.
“I am beyond happy that a company of the caliber of Euro Games Technology is providing me with the chance to become part of its international team and I believe that I will justify the great confidence they have placed in me,” commented Mosquera.
BELGIUM – Altenar has announced Belgian operator Starcasino as its latest partner. Following an integration completed at the close of 2022, the provider has now made its full sportsbook solution available to Starcasino.
The offering includes its pre-match and live betting offerings, full promotional suite and customer support across risk management, limits and 24/7 communication. As part of the collaboration, Altenar will act as Starcasino’s technology partner in order to deliver a full 360-degree operation, offering its technology provision for both current and prospective future markets.
GERMANY – The Darmstadt Regional Council has extended HAPPYBET’s licence for sports betting in Germany until 2027. HAPPYBET is a betting brand with around 90 employees, four locations and 130 acceptance points in Austria and Germany.
HAPPYBET was acquired by Snaitech in 2022 and currently has around 9,500 active players per month (online-only players and loyalty cards). The revenues of HAPPYBET have increased by 26 per cent in the first half of 2022 compared to the first half of 2021.
“One of our most important tasks in the coming months will be to meet the standards of the new regulation on player protection in Germany and to identify and prevent potential addictive behaviour,” commented Michele Sess.
UK – International Game Technology will present its diverse portfolio of games, cabinets, systems and solutions at the ICE London 2023 show from February 7-9 at ExCel London.
“IGT’s presence at ICE London 2023 will provide an ideal platform for us to highlight our latest gaming innovations attuned to specific player preferences,” shared Renato Ascoli, IGT CEO Global Gaming. “In addition to sharing the most compelling MLP content in our company’s history, we will demonstrate player-tested, proven performers.”
P22 WIRE / PULSE / INSIGHT / REPORTS
Entain is accelerating plans to withdraw from a number of unregulated markets in a carefully worded announcement earlier this morning. Te global sports betting, gaming and interactive entertainment group has not said that it intends to withdraw from all unregulated markets in 2023, only that it plans to speed the exit in “a number” of unregulated markets where it no longer sees a path to domestic regulation.
Te announcement echoes the commitment made by Entain on November 12, 2020, in which the Group committed to a strategy by which 100 per cent of the Group’s revenue would come from markets that are nationally regulated by 2024. From today, the Group will accelerate this process by exiting its few remaining markets where there is no clear path to market liberalisation via domestic regulation.
Te Group, which is currently licensed in more than 30 countries, has not revealed which markets it intends to expedite its departure, nor those in which it will remain. However, Entain does clarify that there are a “small number” of markets where it expects changes in regulation that will enable it to obtain domestic licenses in
due course. With the exception of these markets, 100 per cent of the Group’s revenue will now derive from domestically regulated markets where it is licensed.
Tellingly, Entain expects that net gaming revenue and EBITDA impact from these closures will be relatively small, suggesting that it’s exiting minor markets, with the small number of markets in which it remains, more significant in terms of revenue loss, should it withdraw.
Te difference being, is this a statement announcing Entain is speeding its commitment to its 2020 goal, or a clarification of why it’s not going to hit its 100 per cent target this year?
Barry Gibson, Entain’s Chair, commented: “As part of the transformation programme that Entain has undergone in the last few years, we took the decision in 2020 to only operate in nationally regulated markets. Today’s announcement is therefore a continuation of that strategy, and should be taken as a clear demonstration of Entain’s commitment to the highest standards of corporate responsibility, governance, sustainability, and player safety.
Switzerland Swiss Casinos submits licence application
Swiss Casinos has submitted a licence application for a new casino in Oftringen, in the district of Zofingen in the canton of Aargau. Te operator is hoping that the Federal Council will decide on the award of the concession in October this year with the plan to open on January 1, 2025.
Te casino would be located in the modern multi-complex Campfield, on one of Switzerland’s main transport axes, right next to the A1 and A2 motorways. With over 300 parking spaces and within walking distance of public transport stops, the multi-complex can be reached quickly and easily. A hotel, various restaurants and many other interesting offers are planned in the modern commercial property. It would create around 70 new jobs.
Te operator stated: “Swiss Casinos wants to enrich the regional nightlife offer on around 3000 square meters with a casino. Saunier Group Holding AG,
representative of the owners and project developer of the property, is happy to complement the impressive property with an attractive partner.”
Swiss Casinos will be involved in the region beyond its business activities with cultural and social commitments. Marc Baumann, CEO of Swiss Casinos, said: “Te quality of life in Switzerland is close to our hearts. Tat’s why we are happy to support cultural and social organisations that promote social cohesion with their commitment.”
“We are pleased that the municipality of Oftringen supports our concession application and that we will be able to enrich the Mittelland with an attractive entertainment offer from 2025.”
Te Government Council of the Canton of Aargau has been informed about the project of Swiss Casinos.
UK
Advantech will be showcasing its dedicated portfolio of industrial gaming and display products at ICE 2023 in London from February 7-9.
Te supplier will be almost doubling its presence at ICE 2023, with a larger stand in a new location in the South Hall, (Stand S6-241) allowing Advantech-Innocore to highlight more of their gaming platform solutions, peripherals such as LED Controllers, and discrete graphic cards.
To complement the gaming hardware, Advantech Industrial Display Solutions will also be showcasing the latest in display technologies.
“After the last two years, and following on from a successful G2E last Oct, it is great to be back for ICE 2023,” explained Edward Price, Managing Director, Advantech-Innocore.
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