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BGC Calls for Urgent Implementation of Casino Modernisation Plans

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Standards body The Betting and Gaming Council has welcomed the modernisation plans for casinos, and called for their swift implementation.

Proposals outlined by the Department for Culture, Media and Sport, in their White Paper consultation response on land-based betting and gaming, included a host of modest, but mission critical, modernisation measures.

While it will take time to consider the full impact of the proposals, they did include the introduction of cashless payments, new rules on gaming machines allocations and allowing all casinos to offer sports betting for the first time.

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In a further move welcomed by the BGC, the government said the Gambling Commission would consult on player protection measures to ensure the correct standards are in place where debit card payments are used on gaming machines.

While these proposals are welcome, the BGC urged ministers to act swiftly to implement the plans, so businesses could improve their offer to customers without delay.

Michael Dugher, CEO and Acting Chair of the Betting and Gaming Council, said: “Casinos are a vital pillar of the UK’s leisure, hospitality and tourism sector and we welcome the Government’s consultation response which is positive progress on the modest, long-overdue but mission critical modernisation reforms needed for the land-based casino sector to compete and thrive.

“Casinos currently employ more than 10,000 people, contribute £300m annually in tax and generate an estimated £800m a year to the UK economy.

“Much needed reforms on cashless payments, gaming machine allocations and allowing all casinos to offer sports betting will strengthen the sector to better meet the needs and expectations of their customers.

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“While we welcome these proposals, attention must now shift to the timeline for implementing policy changes and we urge the Government to urgently set out a clear timeline for progressing the relevant legislation to make them reality for our members.

“Too many casinos have sadly closed in recent years as successive administrations failed to deliver the changes we needed to protect jobs and growth. The BGC and our fantastic casino members have campaigned for these new measures for years to allow businesses to modernise, innovate and grow, and we strongly welcome the Government’s approach to ensure casinos are better placed to make that happened.”

The new proposals were outlined in a Written Ministerial Statement, by Minister for Sport, Gambling and Civil Society Stuart Andrew MP.

Announcing the new measures, he said: “As set out in the Gambling Act Review white paper, the measures we consulted on are therefore necessary to modernise the outdated and overly restrictive regulations that apply to the land-based gambling sector.”

Casinos are a vital pillar of the regulated betting and gaming sector, as well as the leisure, tourism and hospitality sector. In London alone, they deliver an additional £100m to the capital’s economy. Each month around 22.5m adults in Britain enjoy a bet, whether it’s buying a lottery ticket, having a game of bingo, visiting a casino, playing online or having a wager on football, horseracing and other sports.

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The regulated betting and gaming industry, including the land-based sector, already makes a huge economic contribution throughout the UK, with BGC members supporting 110,000 jobs, generating £4.2bn in tax and contributing £7.1bn to the economy. Meanwhile, the most recent NHS Health Survey for England estimated that 0.4% of the adult population are problem gamblers.

The post BGC Calls for Urgent Implementation of Casino Modernisation Plans appeared first on European Gaming Industry News.

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INSPIRED DELIVERS BESPOKE GOLD CASH FREESPINS™ TITLE FOR BETFRED RETAIL

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Inspired Entertainment, Inc. (“Inspired” or the “Company”) (NASDAQ: INSE), a leading B2B provider of gaming content, systems, and solutions along with The Betfred Group, UK based bookmaker proudly announce the launch of Betfred Gold Cash Freespins™.

Immersing players in the atmosphere of Betfred’s distinctive style, Betfred Gold Cash Freespins is a 5-reel, 4-row, 40-win line slot adorned with Betfred-branded Wilds and symbols. Enhanced by a Free spins Bonus and a gamble feature, this game promises excitement at every spin. Triggering the Free Spins bonus requires three bonus symbols in a single spin, rewarding players with eight free spins.

Players have the opportunity to wager for additional Free Spins or to increase their cash winnings through the gamble feature. With a choice between two gamble wheels, players select their preferred wheel to activate this exciting feature. Featuring stacked Wilds on reels two, three, and four, these symbols act as substitutes for any other symbol on the reels, adding an element of excitement and anticipation to the gameplay.

Betfred Gold Cash Freespins seamlessly merges Betfred’s iconic branding with Inspired’s captivating gameplay from the Gold Cash Freespins theme, delivering an immersive and personalized gaming journey tailored to Betfred’s audience. This collaboration showcases Inspired’s expertise in crafting tailored gaming experiences that resonate with individual operator brands.

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Inspired’s UK Product Director, Richard Terry, said:  ‘We are proud and excited to be re-launching Gold Cash Freespins in partnership with our long-term customers Betfred. Gold Cash Freespins is extremely popular with players across all gaming verticals and has been transformed for retail with game optimisation functionality and the addition of the iconic Betfred branding.

Speaking ahead of the launch, Betfred’s Head of Retail Marketing, Clare Smith, said: “We’ve been delighted to work with Inspired to bring this new and innovative game to our loyal customers and believe they will be equally as excited by it as we are!”

The post INSPIRED DELIVERS BESPOKE GOLD CASH FREESPINS™ TITLE FOR BETFRED RETAIL appeared first on European Gaming Industry News.

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7777 gaming

7777 gaming secures supplier license in Peru

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7777 gaming has been granted a supplier license in Peru, marking a significant step in the company’s expansion across Latin America. Granted by the Peruvian Ministry of Foreign Trade and Tourism (MINCETUR), this new B2B license allows 7777 gaming to provide its online game content to locally licensed operators in the country. New legislation, which introduced a licensing system for online betting and gaming, came into force in Peru at the end of 2023, with the regulated market soon to go live.
7777 gaming is fully compliant with Peruvian regulations and will enable local operator partners to manage their entire product suite. The Peru B2B license for 7777 gaming is under its Gaming Innovation OOD company entity, registered by MINCETUR under license number PSV0208.
Elena Shaterova, Chief Commercial Officer at 7777 gaming, stated: “7777 gaming has a proven start of successful offerings in Latin American markets, and we are thrilled to be fully prepared and ready to provide our services immediately in the regulated Peruvian online market.”
“Peru holds great potential as a market, and we are eager to support our partners in launching competitive online game content. Our portfolio of premium games will provide an enjoyable experience for Peruvian players.” added Shaterova.
7777 gaming has already received positive feedback from several of the biggest operators and platform providers in the Peruvian market and is currently working to integrate its games with Kaizen Gaming, Betsson, bet365, Apuesta Total, VirtualSoft, UniversalSoft, and others.
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Gambling in the USA

MGM Resorts International Announces Agreement to Acquire Tipico’s U.S. Sportsbook

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MGM Resorts International (NYSE: MGM) (“MGM Resorts” or the “Company”) today announced that its subsidiary, LeoVegas Group (“LeoVegas”), has entered into an agreement to acquire the product and technology platform constituting the U.S sportsbook and online casino from Tipico Group Ltd (“Tipico”).

This acquisition is the second major investment by LeoVegas, following the acquisition of game developer Push Gaming in 2023. The acquisition will allow LeoVegas to operate a purpose-built proprietary sportsbook across all international markets and brands, with the exception of those exclusive to the BetMGM JV, with a focus on a clean, fast consumer experience with top-class product, pricing and functionality.

Tipico will wind down its U.S. operations prior to the closing of the acquisition. As part of the transaction, LeoVegas will acquire certain of Tipico’s U.S. facing management, technology and trading teams across the U.S., Colombia and Europe.

“The acquisition of Tipico’s award winning U.S. platform marks a significant milestone in the strategic development of MGM Resorts’ global digital gaming business, allowing us to operate a proprietary sports betting platform,” said Gary Fritz, President, MGM Resorts International Interactive, “This acquisition gives us control of our entire technology ecosystem, and we are delighted to bring Tipico’s U.S. team, with their track record of developing high quality product and pricing capabilities, into our business.”

LeoVegas CEO Gustaf Hagman added: “By controlling our own sportsbook technology, we ensure that we will deliver the world’s greatest iGaming experience to customers across all our markets and brands. Powering our strong brands with a competitive and innovative sports product will enable us to grow and strengthen our sportsbook offering in both new and existing markets. I look forward to welcoming the talented teams from Tipico’s U.S. business into the LeoVegas Group very soon.”

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The transaction is subject to customary closing conditions and is expected to be completed in the third quarter of 2024.

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