Industry News
EUROMAT Unveils Payment Report Showcasing Industry Innovations in Alternative Payment Systems
The Payments Taskforce of the European Gaming and Amusement Federation (EUROMAT), representing the interests of the amusement and low-stakes gaming machine industry, released a new report showcasing the range of innovative payment solutions in use across Europe in the amusement sector. The report features case studies from The Netherlands, the UK, and Spain, demonstrating how the industry balancing innovation with legal obligations in the field of payments.
The most recent study conducted by the European Central Bank reveals that, in 2022, consumers opted for cash in slightly over half of point-of-sale (POS) transactions, a significant decrease from the substantial 79% observed in 2016. EUROMAT is concerned that regulation in many parts of Europe is not keeping pace with market reality with rules either prohibiting payment by means other than cash or making it practically difficult to roll out.
Reflecting on the final version of the Payment Report, the Payments Taskforce Chairman, Greg Wood of BACTA, remarked: “There is already a lot of emerging practice across Europe which are adding value for players and venues. However, we’d like more cooperation from regulators to work with us to see what more can be done to ensure that we can offer players the best experience. This means keeping pace with the rest of the leisure world and give customers the variety of options that they would expect anywhere else.”
EUROMAT President Jason Frost added: “We are a cash-based business and we should always be able to offer this option to players but we have to move with the times and like any other legitimate business, we should be able to offer customers the convenience of other payment methods. We are in danger of becoming the only venues on the high street that can only accept cash at a time when the public are carrying less of it.”
Novomatic Netherlands has appointed Alexander Legat as its CEO.
Legat takes over from Zane Mersich, who has moved onto the company’s Supervisory Board.
His appointment has bolstered Novomatic Netherlands’ management team with two decades of legal and operational experience in the gaming industry.
Legat will also bring knowledge gained at Novomatic’s Austrian subsidiaries into his new role.
“I am grateful for the new operational role in the dynamic Dutch market and look forward to working with the local team and the opportunities that lie ahead,” he said.
The Novomatic Netherlands’ management board said in a statement: “With Dr. Alexander Legat, Novomatic Netherlands is gaining a first-rate legal expert who not only knows the group extremely well but has also already worked closely with the national subsidiaries.
“His appointment is an important step in our work to successfully meet the future challenges in the Dutch market and further expand our position.”
The post Novomatic Netherlands Appoints Alexander Legat as CEO appeared first on European Gaming Industry News.
During this year’s Charity Night, AskGamblers raised €106,500, thanks to their partners who auctioned for paid positions on the website. The funds raised on 12 June are now being donated to the Hydrocephalus and Spina Bifida Association of Serbia (HISBAS).
Every year, AskGamblers hosts a Charity Night as part of AskGamblers Awards, during which the company’s partners auction for paid positions on the website. On 12 June, AskGamblers raised a record-breaking €106,500.
As Charity Month 2024 kicks off, the entire sum raised during Charity Night will be donated to the Hydrocephalus and Spina Bifida Association of Serbia (HISBAS), an organisation that aims to improve and protect the health and quality of life of children living with spina bifida and hydrocephalus.
Dijana Radunović, General Manager at AskGamblers, commented: “It is always a thrill to raise another record-breaking sum, especially as it is all for a good cause. We couldn’t be more grateful to our partners for their contributions; none of this would be possible without them. Thank you for making another Charity Month a success.”
The post AskGamblers Kicks Off Charity Month by Donating €106,500 to HISBAS appeared first on European Gaming Industry News.
Stretch Network, an online poker software provider dedicated to strategically supporting its partners in developing and optimising poker operations, will participate in the SBC Summit Lisbon 2024 at stand B155. Offering a comprehensive range of services, including custom website development, ongoing maintenance and assistance in obtaining the necessary operating licenses, Stretch Network provides tailored solutions for various operational models, such as White Label, API and Turnkey, ensuring that its partners have the most suitable tools for success.
The SBC Summit Lisbon is anticipated to be one of the industry’s most significant events this year, offering a premier platform for learning, networking and exploring the latest industry trends. Stretch’s participation underscores its commitment to innovation and collaboration within the online gaming sector.
As one of 600 exhibitors, the Company will showcase its latest offerings and features, engage with industry professionals and existing partners, explore future collaborations and discuss necessary developments that will shape the tomorrow of online poker.
The post Stretch Network at SBC Summit Lisbon 2024 appeared first on European Gaming Industry News.
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