Wire EMEA
Inspired Spreads OKTO’s Mobile App
OKTO app users will enjoy a rapidly growing number of Inspired gaming machines on which OKTO payments are accepted across UK pubs.
OKTO.WALLET platform allows pubgoers to move funds instantly across the entire payment ecosystem via the open and interconnected OKTO mobile app.
UK FINTECH
UKRAINE – VBET has become the premium sponsor of the Ukrainian national football team. The sponsorship for three years commenced on September 1 , for the Ukraine vs Kazakhstan match in the 2022 World Cup qualification round.
"The support of sponsors and partners creates a solid basis for the development of national football and the realization of goals. We welcome Vbet to our big football family. I am sure that together we can make the favorite game of millions more spectacular and interesting for the fans. Attending the matches of the national team is not only about watching the match, but it's about special patriotic atmosphere, many interesting events, an unforgettable holiday, when millions of hearts beat for one goal - for the Ukrainian National Team. We believe in victories and we head towards them together with our partners," said Andrey Pavelko, Ukraine Football Association president and a member of the UEFA Executive Committee.
ITALY – Stakelogic has significantly increased the distribution of its classic slots, video slots and live dealer titles after partnering with BLOX, a platform provider and content aggregator with a focus on the Italian market.
The deal means that operators powered by the BLOX platform will be able to access the developer’s full suite of titles for the first time. This includes titles such as Black Gold 2 Megaways, Viking Smash, Hero Clash, Sea God, and Raging Bison, plus classic slots such as Joker Wild Blaster, Hot Joker and Ultra Joker.
AUSTRIA – In a comprehensive recertification process, NOVOMATIC AG has renewed its G4 certification for player and youth protection according to the internationally recognised highest standards of the Global Gambling Guidance Group.
BELGIUM – Belgium’s Constitutional Court is to abolish the country’s 1999 Gambling Act, with the effect that casino games will no longer be allowed to be offered alongside sports betting products on the same website.
FRANCE – French casino operator Partouche is operating at above its pre-pandemic level with its overall third quarter revenue rebounding to €114.2m, up 73.1 per cent compared to the third quarter of 2020 and 8.9 per cent higher when compared to 2019's levels.
With the group's activities gradually resuming in Q3, Partouche reported GGR of €151.5m, up 38.8 per cent from a year earlier, and down just eight per cent from 2019's third quarter which pre-pandemic benefited from normal operation.
P12 WIRE / PULSE / INSIGHT / REPORTS
OKTO has teamed up Inspired Entertainment to expand the network of gaming machines in the UK leisure sector that accept the OKTO app for mobile cashless payments. Te deal marks the start of a strategic partnership between OKTO and Inspired across different channels.
Te fintech provider will offer its fully licensed OKTO.WALLET electronic money payment platform on Inspired gaming machines across UK Pubs. Tanks to the collaboration between OKTO and Inspired, more pubgoers will now be able to deposit and withdraw funds on gaming machines in a safe, transparent, seamless, and fast way through the OKTO mobile app while at the same time benefitting from the use of a range of integrated social responsibility tools designed to enhance player protection and encourage safer gambling.
Te OKTO app includes a secure Know Your Customer (KYC) process along with age verification and also provides facilities for consumers to enable transaction limits and time-out breaks. Te OKTO.WALLET platform allows pubgoers to move funds instantly across the entire payment ecosystem via the open and interconnected OKTO mobile app that can be used in all touchpoints of the venue and beyond through the OKTO Prepaid Mastercard linked to the users’ OKTO wallet account. Te solution launched with Inspired’s key pub retail partners in September and is available on Inspired’s
latest range of Category C gaming products.
Simon Dorsen, Director of Gaming at OKTO, said: “Inspired is a major supplier to the UK Pub and Gaming sector and this collaboration along with other recently announced partners in the sector, strengthens OKTO’s position as the go to mobile payments app for consumers and operators in the leisure sector. Digital payments for F&B sales are surging in pubs due to the pandemic accelerating changing habits, and now OKTO enables pubs to extend and satisfy their customers’ desire for digital payments also at the gaming machines.”
Peter Davies, Managing Director of the Leisure business at Inspired, commented: “From our initial introduction to OKTO we were extremely impressed by the breadth of knowledge and experience of cashless payment solutions demonstrated by the OKTO team. Teir understanding and practical knowledge of the gaming sector in particular have allowed them to develop a mobile payment solution that fits perfectly into our product offer. In particular the focus on player protection and social responsibility stood out, together with the simplicity of the solution itself. We are delighted to be working in close collaboration with OKTO and are looking forward to rolling the solution out in conjunction with our customers and offering machine players a safe, secure and feature rich alternative to cash.”
Tanzania Tax cuts and advertising ban reversal in Tanzania
Te Tanzanian government has lowered casino tax in the nation from 20 per cent to 15 per cent.
Te government announced it would, pertaining to Part 5, Section 31A of the Tanzanian Gaming Act, enact the change immediately.
Additional amendments made by the Tanzanian government include an amendment to the sports betting tax portion discussed within the Act concerning the ways in which betting tax revenue can be spent.
Tis stipulates that five per cent of the tax must be paid to the Sports Development Fund to help support and develop the progress of sporting initiatives across the nation of Tanzania. In the past, the
Gaming Board of Tanzania imposed a 10 per cent tax on virtual games, part of an amendment to the Gambling Act made in Autumn 2019 that gave companies the right to provide virtual games for customers.
Te Tanzania Gaming Board has also published a proposed Advertising Code of Practice for Gaming Activities, which would allow operators to advertise gaming products nationwide, reversing a previous ban. Advertising would be permitted by the Advertising Code of Practice, published in August, with caveats including a radio and TV blackout at specific times of day and strict compliance for print, outdoor and grounds signage with the new rules.
Gibraltar
BtoBet has signed a deal with payments platform BridgerPay, with bookmakers set to start benefitting from an optimised payment flow. BtoBet’s partners will now be in a position to boost their conversions, providing their players with a portfolio of local payment types. Built with scalability in mind BridgerPay also allows bookmakers to simplify their expansion to new markets by giving them access to over 100 countries and 900 payment methods. Trough the now natively integrated Bridger Retry engine, BtoBet’s partners will also be minimising failed player transactions, improving the customer experience, and boosting conversion rates.
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