Latest News
BGC Welcomes Appointment of Poppy Gustafsson OBE as Minister for Investment and Commits to Delivering on Government’s Growth Agenda
Standards body the Betting and Gaming Council has congratulated Poppy Gustafsson OBE on her appointment as Minister for Investment and committed to working with Government to deliver their growth agenda.
The Former Darktrace CEO was appointed ahead of an inaugural International Investment Summit, to harness business expertise and drive economic growth across the UK.
BGC members already make huge economic investments across the nation, contributing £7.1bn to the economy, generating £4.2bn in tax, while supporting 110,000 jobs.
That economic footprint boosts growth around the UK, with nearly two thirds of industry supported jobs currently based outside London, including nearly 20,000 in the West Midlands alone.
BGC members have founded tech powerhouses in places like Stoke on Trent where bet365 are the biggest private sector employer, Flutter in Leeds and Sunderland, Ballys in Newcastle-under-Lyme, Entain in London and Nottingham, Evoke in Leeds and BetFred in Warrington, and support Britain’s hard pressed high streets through betting shops, as well as the hospitality and tourism sector, through casinos.
However, the sector is at a crossroads, as it seeks to implement the measures contained in last year’s White Paper, which will cost the sector around £1bn.
Further tax or regulatory changes now could undermine that investment and threaten jobs and growth in the UK, the BGC warned.
Meanwhile the BGC has previously called for the modest, but mission critical, modernisation plans contained in the White Paper for land-based casinos to be implemented without delay, unlocking significant investment across the UK.
They already boast cross-party support and include much needed reforms on cashless payments, gaming machine allocations and allowing all casinos to offer sports betting, which will strengthen the sector to better meet the needs and expectations of their customers.
BGC CEO Grainne Hurst said: “On behalf of our members, the 110,000 people whose jobs rely on the regulated betting and gaming industry, and the 22.5 million people who enjoy a bet each month, I’d like to congratulate Poppy Gustafsson OBE on her appointment as Minister for Investment.
“Poppy is an accomplished entrepreneur and brings a wealth of much needed business and financial experience to this new role. I’m also delighted to see that she will be a joint minister across the Department for Business and Trade and the Treasury, where I know her private sector expertise will make a huge contribution.
“From high streets to hospitality, from tourism to tech, our members generate £4.2bn in taxes for the Treasury and contribute £7.1bn to the wider economy. This is a sector ready to contribute on growth, jobs and investment across the economy.
“The BGC and our members remain committed to implementing changes outlined in the White Paper, ensuring those measures get the balance right between protecting the vulnerable, while allowing the vast majority of punters who enjoy betting responsibly to continue doing so without unnecessary intrusion.
“Our sector needs a solid and stable regulatory footing and tax environment to be able to unlock new investment and grow across the whole of the country. That is particularly true for our land-based casino members, where policy is already set, but needs to be implemented, to unlock vital new investment.”
On top of the sector’s wider economic contribution, BGC members also provide some of the country’s most popular sport with vital funding, from the grassroots to the elite level.
The Sky Bet sponsored English Football League and its clubs receive £40m, William Hill sponsors the Scottish Professional Football League, while a host of other BGC members from Betway to Kindred are supporting football and other sports.
Meanwhile, horseracing receives £350m, and snooker, darts and rugby league – which is currently sponsored by Betfred – receive more than £12.5m.
The post BGC Welcomes Appointment of Poppy Gustafsson OBE as Minister for Investment and Commits to Delivering on Government’s Growth Agenda appeared first on European Gaming Industry News.
Reelsoft, a leading provider of iGaming technology, is excited to announce its latest partnership with Bigly, an ambitious new game studio. As Bigly’s technology partner, Reelsoft will provide the infrastructure necessary to support Bigly’s innovative approach to game development and distribution.
At the centre of this collaboration is Reelsoft’s cutting-edge Vision RGS (Remote Game Server). This advanced technology enables rapid game development and seamless integration across a wide range of platforms, supporting games like online slots, table games, and multiplayer games such as crash games. By leveraging the power of Vision RGS, Bigly will be able to create high-quality games with the flexibility to deliver them to operators quickly and efficiently.
Liam Mulvaney, Founder and CEO of Bigly, stated, “Bigly is challenging the market structure at a time when rising costs and shrinking margins are pushing operators to seek more value. Our games are designed to meet these demands, offering strong returns on investment while delivering an game experience players will love. We’re already in discussions with operators, and there’s plenty of excitement ahead as we bring Bigly’s bold vision to life.”
Reelsoft’s partnership with Bigly aligns with its mission to empower game studios with the tools they need to innovate, scale, and succeed in the competitive iGaming landscape. Vision RGS provides a stable, scalable foundation, enabling game developers like Bigly to focus on creativity while leaving the technical hassle to Reelsoft so they can confidently grow their game portfolio.
Thomas Nimstad, Founder and CEO of Reelsoft, commented, “At Reelsoft, we believe in empowering studios like Bigly with the tools to create standout content. Bigly’s fresh approach to both game development and their commercial model is a breath of fresh air for the industry. We’re excited to see how their innovative vision is embraced, and we’re proud to support them every step of the way, from concept to launch.”
Bigly is set to release 10 top-quality titles annually under a bold revenue-sharing model, which offers operators capped fees. The studio’s first game, Deep Sea Treasure, a cascade-style slot packed with bonus features, is scheduled for launch soon.
This collaboration highlights Reelsoft’s continued commitment to fostering creativity and innovation in the iGaming space, helping studios like Bigly bring their unique ideas to life.
The post Reelsoft Announces Partnership with Bigly to Drive Innovation in iGaming appeared first on European Gaming Industry News.
Compliance Updates
NSoft’s MGA Recognition Notice: A Catalyst for Continued Growth and Innovation in iGaming
The European Gaming Congress (EGC) returns to Warsaw for 2024 on 15-16 October, and organizer HIPTHER is proud to introduce the conference’s esteemed Sponsors – trailblazing companies and accomplished professionals that help make the magic happen!
We are proud to introduce Pen and Paper Sponsor of the #EGC2024, NSoft, and their MGA Recognition Notice – the catalyst for continued growth and innovation in iGaming!
The European Gaming Congress is now live in Warsaw at the Polonia Palace Hotel, and NSoft’s Senior Legal Adviser, Zora Vidmar Kurtović, is with us and looking forward to connecting with all attendees!
NSoft, a leading software solutions provider in the iGaming industry, has held the Malta Gaming Authority (MGA) Recognition Notice. Now, you might be wondering, “What’s the big deal about this recognition?” This esteemed recognition has been instrumental in NSoft’s sustained expansion into new markets and the successful launch of innovative gaming products. It’s been like a secret ingredient in their recipe for success.
The Significance of the MGA Recognition Notice
The MGA Recognition Notice is a formal acknowledgment by the Malta Gaming Authority of a B2B license issued by another competent authority within an EU member state. Holding this recognition signifies that NSoft adheres to the stringent regulatory standards set forth by one of the most respected regulators in the global iGaming industry. It reinforces NSoft’s reputation for integrity, compliance, and excellence in delivering high-quality gaming solutions.
So, what exactly is this MGA Recognition Notice? “Think of it as a gold star from the strictest teacher in school. The Malta Gaming Authority is kind of a big deal in the iGaming world, and when they give you a nod, everyone sits up and takes notice. This recognition basically says, ‘Hey, NSoft is legit. They’re playing by the rules and delivering top-notch gaming solutions’”, explains Zlatan Omerspahić, Head of Legal & Compliance at NSoft.
How the Recognition Notice Benefits NSoft
Now, you might be thinking, “Okay, but how has this actually helped NSoft?” Great question! This recognition has been opening doors left and right for them.
“It’s like having a VIP pass in the iGaming world. We have been able to expand into new markets smoothly, and all the big-shot operators out there love working with companies that have this kind of recognition. It’s all about trust, you see,” Omerspahić explains.
Sustained Credibility and Compliance
With the MGA Recognition Notice in place, NSoft has consistently demonstrated its commitment to upholding the highest operational standards. This longstanding recognition assures partners and clients that NSoft operates with full compliance to international gaming regulations, fostering trust and reliability in all business dealings.
Strategic Market Expansion
The recognition has been pivotal in enabling NSoft to:
- Efficiently Enter New Markets: Streamline licensing procedures across multiple jurisdictions by leveraging the MGA’s esteemed recognition.
- Forge Strong Partnerships: Collaborate with reputable operators who value regulatory compliance and premium gaming content.
- Enhance Global Presence: Expand its reach to a wider audience, solidifying its position as a global leader in the iGaming sector.
Facilitating the Launch of Innovative Gaming Products
But NSoft isn’t just resting on its laurels. No sir! They’ve been busy cooking up some pretty cool games. The MGA Recognition Notice has allowed NSoft to seamlessly introduce a variety of cutting-edge gaming products to the market. Have you heard of:
Virtual Drag Races: Offering players an exhilarating virtual racing experience that captures the excitement of real-world drag racing.
Crash Cash Online: An engaging game that combines elements of strategy and chance, providing thrilling opportunities for substantial wins.
Casino Slots like Gold of Egypt and Fishy Guy: Immersive slot games that transport players to captivating worlds filled with adventure and rewards.
“The best part? Thanks to MGA Recognition Notice, we can roll out these games faster than you can say “jackpot.” Operators are quick to snap them up because they know they’re getting quality stuff that follows all the rules,” Omerspahić says.
Advantages for Product Deployment
Regulatory Assurance: Operators can confidently integrate NSoft’s games, knowing they meet the MGA’s rigorous standards.
Market Receptivity: Players in MGA-recognized jurisdictions are more inclined to engage with games from trusted providers like NSoft.
Swift Market Entry: The recognition facilitates faster introduction of new games to the market, enhancing competitiveness.
Ongoing Growth and Future Prospects
Building on the foundation provided by the MGA Recognition Notice, NSoft continues to experience robust growth, particularly in the areas of casino slots and virtual games.
“This MGA Recognition Notice isn’t just a piece of paper for NSoft. It’s more like a launchpad. It’s helped us build trust, expand our reach, and keep pushing the boundaries of what’s possible in iGaming,” Omerspahić notes.
The company remains dedicated to:
- Innovation: Investing in research and development to create next-generation gaming experiences.
- Industry Leadership: Pursuing awards and recognitions that highlight excellence in game design, technology, and customer satisfaction.
- Expanding Collaborations: Establishing strategic partnerships to further extend its market reach and influence.
NSoft remains committed to leveraging the advantages of the MGA Recognition Notice to push the boundaries of what’s possible in iGaming. With a focus on quality, compliance, and innovation, the company is poised to continue its trajectory of success, bringing unparalleled gaming solutions to markets around the world.
The post NSoft’s MGA Recognition Notice: A Catalyst for Continued Growth and Innovation in iGaming appeared first on European Gaming Industry News.
Conferences in Europe
Your Platform, Your Way: GR8 Tech Presents Customized iGaming Solutions at SiGMA Europe
GR8 Tech, an award-winning high-performance sportsbook and iGaming platform provider, will exhibit at SiGMA Europe on November 11-14, delivering a more exciting experience than ever before. Attendees can visit GR8 Tech at booth 2163, featuring an immersive, enhanced setup with a second floor dedicated to VIP meetings.
The business-focused team will showcase GR8 Tech’s ecosystem of solutions, including the flagship GR8 Sportsbook, the GR8 Casino, and a range of innovative standalone products such as CRM, Sportsbook iFrame, Feed, and Payment Gateway. Live demos will also be available, giving visitors a firsthand look at the capabilities and potential of GR8 Tech’s cutting-edge technology.
GR8 Tech will demonstrate the customization capabilities of its GR8 Sportsbook, highlighting the value it delivers to operators through a variety of options, including platform customization with widgets, geo presets, margin management, and more. Attendees will learn how GR8 Tech’s advanced recommendation models enhance the sports betting experience by offering personalized suggestions for events, bets, and content tailored to player preferences. GR8 Tech’s team will also show how operators can customize their platform with features like widgets, providing greater flexibility and control to optimize the user experience.
Secure your meeting with GR8 Tech in advance and explore how its high-performance, geo-tailored technology can elevate your iGaming operations.
The post Your Platform, Your Way: GR8 Tech Presents Customized iGaming Solutions at SiGMA Europe appeared first on European Gaming Industry News.
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