Latest News
Increase Your Online Betting Odds with Cashback Offer from STICPAY
With the finals of EURO 2020 and Wimbledon fast approaching (both Jul 11) and the summer of sport continuing with the Tokyo Olympics, sports betting fans face a wealth of exciting opportunities to have a flutter. But even if you don’t win big with your bets this summer, a new 10% cashback offer from e-payment wallet provider, STICPAY, could make any losses easier to bear.
Sports betting is a huge global industry and accounts for an estimated 30-40% of global gambling revenue. The industry reached a market size of $203bn in 2020 and employed almost 200,000 people in 31,000 businesses.
According to statista.com, 45% of sports bets are placed using a mobile phone and the online gambling market is expected to be worth more than $92.9bn in 2023. This is a huge jump from the $59bn the market was valued at in Sep 2020 and highlights the rise of online gambling.
The cancellation of live events due to the pandemic will have impacted figures for 2020/21, but the return of sporting events this summer is set to boost the industry’s fortunes. As a rough guide there were more than 10 million bets placed during the 64 matches of the 2014 World Cup in France. This summer’s combination of EURO 2020, Wimbledon, Olympics and more will have online betting firms placing their bets on increased customers.
It’s fun and adds to the excitement of live sports, but there are things to be aware of when entering the world of online betting too. Aside from the risks associated with any form of gambling, online gambling could be subject to the same threats as any online activity, so you need to ensure your money is safe and that hackers won’t all of a sudden have access to your bank account or credit cards. There are many online betting firms around the world to choose from, but whichever you decide on, using an e-payment wallet, such as STICPAY, adds an extra layer of security to protect your money. Paying for your bet using your STICPAY wallet means your bank account or credit card details are never exposed to a third party.
Also STICPAY strictly screens both its merchants and consumers with regular KYC and AML checks. The company also employs advanced anti-fraud measures to eliminate threats and protect its customers.
An additional benefit to the STICPAY e-wallet is that payments can be made instantly in the currency of your choice, removing the need and cost of currency conversions. So, whether you are in Singapore betting on the Grand National in England, or in the South of France betting on the Tokyo Olympics, a STICPAY e-wallet makes it easy, immediate and secure – and the current 10% cashback offer makes this the perfect summer to try it out.
Client Service Director at STICPAY, James Bay, said: “We are conducting so much of our lives online now that it is essential to have a trusted, secure, convenient and easy to use means of making payments online. Paying directly with debit or credit cards online is not secure enough to protect us from the sophisticated hackers that are actively looking to steal people’s payment details, so that is why having an e-wallet like STICPAY is essential. Online sports betting and gambling can be a lot of fun and add to the excitement of live sporting events, but only if you know you are dealing with a trusted payment partner.”
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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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