Australia
VGCCC: Shepparton Hotel Operator Fined $100,000
Goulburn Valley Hotel (GVH) Shepparton Pty Ltd has been issued a $100,000 fine for providing false information to the Victorian Gambling and Casino Control Commission (VGCCC).
In November 2022, GVH applied for a licence to operate 40 poker machines at the Shepparton hotel but did not disclose that the licence nominee had been found guilty of 2 counts of negligently dealing with the proceeds of crime, without conviction, in June 2022.
VGCCC CEO Annette Kimmitt AM said it is a requirement under the Gambling Regulation Act 2003 (Vic) that criminal offending is disclosed as part of the licence application process.
“By providing wrong information, an applicant impedes the regulator from fully assessing their suitability to hold a licence,” she said.
“We expect applicants to abide by the law and provide complete and accurate information. This is a critical part of ensuring that the gambling industry operates with safety and integrity and is free from criminal influence or exploitation.”
Ms Kimmitt said GVH’s cooperation with the investigation was taken into account in determining the fine.
“The $100,000 fine reflects the severity of the offence and should demonstrate to other applicants and operators that we’re serious about compliance with legal obligations.”
Additional licence and reporting conditions have been applied to GVH and another venue operator licence associated with the nominee, Pan Hotels Pty Ltd.
The post VGCCC: Shepparton Hotel Operator Fined $100,000 appeared first on European Gaming Industry News.
Australia
Elections, Bitcoin, and the Australian Open: Slotegrator breaks down prediction markets in new ebook
Annual trading volume in the prediction market vertical grew from $500 million to $64 billion in only three years. What’s behind their explosive popularity? In a new ebook, Slotegrator lays out why this latest evolution in betting has so much appeal for players and what operators need to consider before launching their own prediction market.
Why have prediction markets captured so much attention? In a new downloadable ebook, Slotegrator lays out the factors behind the vertical’s popularity, analyzes how prediction markets are disrupting the modern betting landscape, and provides a checklist to help readers decide if
the time is right for them to add a prediction market to their platform.
In the ebook, Slotegrator highlights generational shifts in preferences and behavior, such as the increase in younger players who are familiar with trading and financial markets, as one of the main drivers in the rise of the format. There’s also a widespread change in values; players view the P2P exchange mechanic, in particular, as a more transparent form of betting than wagering against the house.
“Today, the audience’s attention shifts in real time across platforms, and digital experiences evolve constantly. If you’re not actively tracking where engagement is moving, you’re not just behind the trend — you’re already losing relevance in the market,” comments Olga Ivanchik, COO of Slotegrator.
Opinion-based betting allows users to trade literally any event from politics to current events. The pursuit of getting a more interactive, dynamic, and fair experience is reflected in prediction market mechanics: the odds in this type of betting are not set by the house but fluctuate in accordance with supply and demand — players bet against each other, and the platform generates revenue on commissions based on the amount of bets.
“This transition eliminates the old conflict of interest and gives us a more transparent, equitable, and stimulating experience where value is defined by the market itself”, says Maksym Shtun, Product Owner at Slotegrator.
The report provides analytics with key figures, regulatory notes, expert comments, and an explanation of the mechanics involve. It also includes useful tips for readers:
- A checklist that will help operators understand whether they need prediction markets on
their platform - Tips and recommendations on the events for betting by region
- Comparison of prediction market mechanics with classic sportsbooks
- Analysis of relevant psychological factors
- Breakdown of how exactly how prediction markets generate revenue
Download the guide and get a full understanding of the prediction market phenomenon. Be among the first operators to make the most of the quickest growing opportunity in iGaming.
ABOUT THE COMPANY
Since 2012, Slotegrator has been one of the iGaming industry’s leading software and business solution providers for online casino and sportsbook operators.
The company’s main focus is software development and support for online casino platforms, as well as the integration of game content and payment systems.
The company works with licensed game developers and offers a vast portfolio of casino content: slots, live casino games, poker, virtual sports, table games, lotteries, casual games, and data feeds for betting.
Slotegrator also provides consulting services in gambling license acquisition and business incorporation.
The post Elections, Bitcoin, and the Australian Open: Slotegrator breaks down prediction markets in new ebook appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.
Australia
Elections, Bitcoin, and the Australian Open: Slotegrator breaks down prediction markets in new ebook
Annual trading volume in the prediction market vertical grew from $500 million to $64 billion in only three years. What’s behind their explosive popularity? In a new ebook, Slotegrator lays out why this latest evolution in betting has so much appeal for players and what operators need to consider before launching their own prediction market.
Why have prediction markets captured so much attention? In a new downloadable ebook, Slotegrator lays out the factors behind the vertical’s popularity, analyzes how prediction markets are disrupting the modern betting landscape, and provides a checklist to help readers decide if
the time is right for them to add a prediction market to their platform.
In the ebook, Slotegrator highlights generational shifts in preferences and behavior, such as the increase in younger players who are familiar with trading and financial markets, as one of the main drivers in the rise of the format. There’s also a widespread change in values; players view the P2P exchange mechanic, in particular, as a more transparent form of betting than wagering against the house.
“Today, the audience’s attention shifts in real time across platforms, and digital experiences evolve constantly. If you’re not actively tracking where engagement is moving, you’re not just behind the trend — you’re already losing relevance in the market,” comments Olga Ivanchik, COO of Slotegrator.
Opinion-based betting allows users to trade literally any event from politics to current events. The pursuit of getting a more interactive, dynamic, and fair experience is reflected in prediction market mechanics: the odds in this type of betting are not set by the house but fluctuate in accordance with supply and demand — players bet against each other, and the platform generates revenue on commissions based on the amount of bets.
“This transition eliminates the old conflict of interest and gives us a more transparent, equitable, and stimulating experience where value is defined by the market itself”, says Maksym Shtun, Product Owner at Slotegrator.
The report provides analytics with key figures, regulatory notes, expert comments, and an explanation of the mechanics involve. It also includes useful tips for readers:
- A checklist that will help operators understand whether they need prediction markets on
their platform - Tips and recommendations on the events for betting by region
- Comparison of prediction market mechanics with classic sportsbooks
- Analysis of relevant psychological factors
- Breakdown of how exactly how prediction markets generate revenue
Download the guide and get a full understanding of the prediction market phenomenon. Be among the first operators to make the most of the quickest growing opportunity in iGaming.
ABOUT THE COMPANY
Since 2012, Slotegrator has been one of the iGaming industry’s leading software and business solution providers for online casino and sportsbook operators.
The company’s main focus is software development and support for online casino platforms, as well as the integration of game content and payment systems.
The company works with licensed game developers and offers a vast portfolio of casino content: slots, live casino games, poker, virtual sports, table games, lotteries, casual games, and data feeds for betting.
Slotegrator also provides consulting services in gambling license acquisition and business incorporation.
The post Elections, Bitcoin, and the Australian Open: Slotegrator breaks down prediction markets in new ebook appeared first on Americas iGaming & Sports Betting News.
Australia
NSW Scores with Extended Trading for FIFA World Cup
The Minns Labor Government is giving fans the chance to enjoy early-morning matches and provide a boost to local hospitality venues with extended trading hours for licensed venues statewide during the FIFA World Cup.
The biggest and most watched sporting event on the planet is being played in the US, Canada and Mexico from 11 June to 19 July, with 48 nations competing for the Cup.
Pubs, clubs and bars statewide can operate extended hours when they broadcast Australian group stage matches, all the knockout rounds (16 and 32) and the finals.
There are also two free public live sites operating, Tumbalong Park at Darling Harbour and Cathy Freeman Park at Sydney Olympic Park.
Both will host live broadcasts of every Socceroos match on giant screens, beginning with Australia vs Türkiye on 14 June at 2pm (AEST), USA vs Australia on 20 June at 5am, and Paraguay vs Australia on 26 June at 12pm.
Finals matches are also scheduled at Tumbalong Park from 10 July through to 20 July, including quarter-finals, semi-finals and the final.
Extended trading will also apply to licensed premises when the Darling Harbour live site screens afternoon games. This applies to the City of Sydney local government area, including Sydney, Pyrmont, Ultimo, Surry Hills, Darlinghurst, Haymarket, The Rocks, Barangaroo, Dawes Point, Millers Point, Elizabeth Bay, Potts Point, Rushcutters Bay and Woolloomooloo.
This is part of the NSW Government’s Special Event Extended Trading initiative, which allows venues to trade outside regular times during major cultural and sporting events. It is just one of several measures supporting the government’s broader Vibrancy Reforms aimed at enhancing the night-time economy in NSW, catering to industry and consumer needs.
The extended trading covers on-premises alcohol service only, not takeaway, and venues cannot operate gaming machines unless already authorised to do so.
Minister for Gaming and Racing David Harris said: “The FIFA World Cup is the biggest sporting event on the planet and expected to draw strong crowds to venues across NSW, supporting the NSW Government’s commitment to a safe, vibrant and responsible night-time economy during major global events.
“Extended trading hours mean fans can come together and enjoy ‘the beautiful game’ while supporting local venues.
“With many World Cup games screening in the early hours of the morning, this is a great opportunity for fans to get together at their local pub or club, get behind the Socceroos and hopefully celebrate some big wins.
“These extended hours also provide a vital boost to our hospitality industry, a key pillar of our night-time economy, by enabling venues to serve more patrons, create more jobs and increase business activity.
“Venues operating under extended hours must continue to meet responsible service of alcohol requirements and put the right measures in place to keep patrons safe.”
Australian Hotels Association NSW, Director of Policy Chris Gatfield said: “Sydney is a vibrant, international city. There are a lot of football fans here, both homegrown and visiting from overseas, and the extended hours mean they won’t miss a moment of the action.
“We’re particularly pleased hotels will also be able to apply to trade earlier or later for the group matches through an application process.
“Get out of the cold and into a venue – there’s no better place to watch the World Cup than down at the local with your mates.”
The post NSW Scores with Extended Trading for FIFA World Cup appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
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