Latest News
Martin Stevenson appointed new CEO of Racecourse Media Group
Martin Stevenson has been appointed CEO of Racecourse Media Group (RMG) – the media and data rights holding company for the UK and Ireland’s leading racecourses.
Stevenson has a deep and intimate knowledge and understanding of the RMG business, having joined the Group as the Finance Director of RMG in 2007.
A qualified accountant (FCCA), his previous experience includes the position of Managing Director of the Newspaper Licensing Agency and Group Financial Controller of Trinity Mirror plc.. Stevenson succeeds Richard FitzGerald, who left the post of CEO in September.
Roger Lewis, Chairman of RMG, said:
“On behalf of the RMG Board, RMG’s racecourses and all the RMG staff, I am delighted to announce Martin as the new CEO of the Group.
“After an extensive and rigorous recruitment process, during which we interviewed a number of outstanding candidates, the RMG Board unanimously voted for this appointment.
“Martin’s vision for RMG is bold and imaginative. His relationship with our shareholder racecourses is very special and Martin is passionate that RMG can, and will, deliver the best returns for racing.
“The RMG business model has been severely tested during the last 12 months, but it has demonstrated great resilience, providing vital media rights income for our racecourses. This has been achieved due to the extraordinary efforts of our racecourses who have brilliantly kept horse racing running. We are proud to serve them.
“We are now slowly emerging out of the pandemic and Martin is undoubtedly the right person to lead RMG into its next phase of growth over the coming years.”
Martin Stevenson, new CEO of RMG, added:
“I am extremely excited and honoured to take up the position of RMG CEO. I look forward to working even more collaboratively with our 34 racecourse shareholders, whose media interests have been entrusted to RMG.
“RMG has been a phenomenal success story since its inception as Racing UK back in 2004, having posted year-on-year increases in licence fees payable to its racecourse shareholders nearly every year of trading. It shows what can be achieved via a collective approach to commercialising our racecourses’ media and data rights.
“But RMG never stands still. We will continue to innovate with our output, as evidenced by the recent launch of the Racing TV virtual studio, which follows the introduction of the broadcast and publication of in-race timing information.
“We will also continue to be creative and forward-thinking in how best to commercialise our racecourses’ content, including building on the recent success of the Watch & Bet streaming service, which has been greatly welcomed by bookmakers, punters and race-fans alike.
“RMG has a committed, knowledgeable and loyal team, which, I have absolutely no doubt, will continue to deliver the right results for our racecourses.”
RMG was created by racecourses for the sport of racing and the compelling content generated from the racecourses it broadcasts from has enabled RMG to continue to drive the business forward.
RMG’s quality offering was evidenced recently as five of the top 11 races run in the world in 2020 (rated by IFHA) – headed by the Juddmonte International Stakes at York at number one – were broadcast live on Racing TV.
Recent Key Developments over the last six months at RMG include:
- Virtual studio – Racing TV’s new studio takes horseracing coverage to the next level
- Record viewers – Racing TV memberships hit a record 63,000
- In-race timing service – New tracking service launches on-screen and online
- Watch & Bet – Low-latency and data-rich streaming service enhances output for bookmakers, punters and fans
- Racing TV Extra – Dedicated racecourse streams, with presenters, available from all RTV’s 61 racecourses
- ITV and Virgin Media TV – RMG’s racecourses’ rights are renewed until 2023 in UK and Ireland
- Sportsbet – Streaming and marketing deal with Australia’s largest online betting operator
- British Champions Day – RMG distributes TV coverage to 125 countries via 26 broadcasters
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Compliance Updates
Why stakeholders must be vocal as part of UKGC consultation on gaming machines
As the UK Gambling Commission announces the launch of its consultation on proposed new rules for gaming machines, Nick Arron, lead partner for the Gambling Team at Poppleston Allen urges stakeholders to ensure they are heard
The UK Gambling Commission this week announced the launch of a 16-week consultation, seeking input on proposed new rules for gaming machines in retail venues.
The consultation focuses on technical standards and related testing strategy and aims to improve consumer protection through a number of proposed changes. The consultation is due to end on May 20.
Nick Arron, lead partner for the Betting and Gambling Team at Poppleston Allen, encouraged stakeholders such as operators and licensees to have their say on what impact these proposed changes will have, including the potential costs.
He said: “Robust stakeholder engagement is an important part of this progress. It’s important that operators have their say so that the regulatory framework balances both consumer safety and industry sustainability.
“Changes will require affected businesses to update their processes and technologies to ensure that any changes are not only implemented by the required date but also properly enforced.
“As this consultation progresses, operators will need to weigh the implications of adopting these new standards, not least the cost. While the intention is to enhance consumer protection, businesses must carefully assess the operational and financial implications of the proposed changes.
“While the Gambling Commission’s initiative is a positive step in prioritising consumer safety, the real challenge will be ensuring that the proposed regulatory adjustments are manageable for businesses already operating under thin margins.”
Tim Miller, Gambling Commission executive director for research and policy, said: “We recognise that regulatory changes that impact the design of machines can come with considerable costs.
“We are encouraging consumers, gambling businesses and other interested groups to share evidence that will assist us in measuring both the likely regulatory impacts of the proposed changes and the likely costs of implementing them.
“This evidence will be invaluable to helping make a robust assessment on whether the benefits to consumers are proportionate to the costs involved.”
The post Why stakeholders must be vocal as part of UKGC consultation on gaming machines appeared first on European Gaming Industry News.
Balkans
Pateplay’s newest partner in Bosnia and Herzegovina
Pateplay is thrilled to unveil its latest strategic partnership with WWin, a premier online operator in Bosnia and Herzegovina.
Martin Yonovski, BDM & CMO at Pateplay, on the collaboration: “Partnering with WWin is a significant step forward for Pateplay. We’re eager to combine our strengths and expertise, and we’re confident this collaboration will open new doors for growth and huge success for both parties”.
Through this alliance, Pateplay is further accelerating its global expansion efforts, poised to achieve extraordinary milestones and deliver unparalleled experiences to players worldwide.
The post Pateplay’s newest partner in Bosnia and Herzegovina appeared first on European Gaming Industry News.
Compliance Updates
GoldenRace fuels growth in Europe with renewed MGA certification
GoldenRace, leading provider of award-winning Virtual Sports and betting solutions, is thrilled to announce the renewal of its Maltese certification, successfully tested by BMM lab and approved by the Malta Gaming Authority (MGA). This renewed certification keeps unlocking opportunities in Romania, Poland, Serbia and other MGA-regulated territories, giving operators a golden ticket to tap into new revenue streams in highly regulated markets.
In Romania, where 88% of the population has internet access, the online gambling market is thriving, offering significant opportunities for operators to attract a tech-savvy audience. Serbia, ranked 8th in Europe for gambling revenue, continues its rapid expansion with over 2,200 betting shops and a flourishing online gambling sector. Meanwhile, Poland’s well-regulated and mature market is a compelling destination for operators seeking sustainable growth.
Any games that have been approved under its newly recertified license in Malta, are also eligible for inclusion under its Class II license in Romania, upon the successful completion of the ONJN approval process. While this certification eases the path in these markets, local regulators may require additional approvals. Operators are advised to present these certifications to their respective regulatory authorities to ensure seamless compliance.
Markets on the rise demand winning content
Compliance may open the door, but content is what keeps players loyal. GoldenRace is helping operators target new demographics and grow market share by offering an incredible portfolio of certified games.
In markets such as Romania and Serbia, football is the main revenue force. GoldenRace continues to dominate this space with its newly certified football games, including its most new football format and games such as Football League, World Cup, Euro tournaments (Champions League & Euro League), La Libertadores and Single Soccer.
With online sports betting making up 58% of Romania’s gambling market and Serbia’s sports betting sector projected to grow by 4.93% between 2025 and 2029, GoldenRace has certified games such as Penalt2Win, Basketball 3×3, Horse and Greyhound racing, MMA (Single & Tournament) and several thrilling motor racing titles, such as Grand Prix Indianapolis 60, Motorbike and Speedway racing.
Eastern Europe’s enduring love for number-based games creates another profitable avenue for operators. Certified games such as Keno & Keno Deluxe, Spin2Win (Royale & American) and Perfect6 are designed to meet the unique preferences of players in these regions.
Insights show that players in Poland and neighboring regions prioritise financial rewards, with 56% listing it as their top motivator for gambling. For those players seeking big payouts potential, Crash Games are leading the charge. After a stellar debut in GoldenRace’s Crashmas campaign, games like Jet Escape, Boom Ball Juggle, Fire Crash, Bank Run and Meteoroid are now part of the certified portfolio.
The post GoldenRace fuels growth in Europe with renewed MGA certification appeared first on European Gaming Industry News.
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