Latest News

GAMSTOP marks fifth anniversary with highest number of self-exclusions in a single month

Published

1 year ago

April 24, 2023

Reading Time: 2 minutes

More than 8,500 new registrations recorded in March 2023, a 24% YOY increase
Increase in activity comes as GAMSTOP marks its fifth anniversary
Independent evaluation shows support for lifetime exclusion option

The UK’s independent online self-exclusion scheme, GAMSTOP, recorded 8,504 registrations in March, its highest ever figure in a single month, and a 24% year-on-year increase.

The unprecedented spike in self-exclusions comes on the eve of the fifth anniversary of GAMSTOP’s inception. The service was launched in April 2018 and in March 2020 it became a licensing condition for all UK operators to integrate with the scheme, in addition to operating their own self-exclusion schemes.

More than 365,000 people have registered with GAMSTOP from its inception to the end of March 2023, choosing to exclude themselves from all UK operators for a period of either six months, a year or five years, with nearly 330,000 still excluded.

The most likely explanation for the surge in self-exclusions was the Cheltenham Festival, which took place from March 12-15th, attracting hundreds of millions of pounds in wagers. The biggest days for registrations were in the immediate aftermath of the festival.

GAMSTOP recently commissioned independent research agency, Sonnet, to interview a sample of its users, following up a comprehensive evaluation of the service in 2021, which showed that 84% felt safer from gambling-related harm and more in control of their gambling after registering.

The interviewees said that GAMSTOP provided an important safety net and knowing an exclusion was in place helped their recovery because it made them feel safe. Many wanted to have the option of a lifetime exclusion and felt it would help to signal the seriousness of gambling addiction, similar to alcohol or drugs, and to remove social stigma.

Fiona Palmer, CEO of GAMSTOP, said:

“Our most recent data shows that, five years after our inception, GAMSTOP is providing an increasingly important service to potentially vulnerable consumers who want to take a break from gambling. The record monthly registrations shows that we cannot underestimate the demand for a scheme such as GAMSTOP. It is extremely important that we continue to raise awareness to make sure that anyone who needs us knows about us. We also need to continue to listen to our users and develop and improve the scheme to meet their needs.

GAMSTOP registrant Jack Scott spoke about the impact GAMSTOP has had on his life:

“I signed up to GAMSTOP in December 2020 and its impact has been nothing short of life-changing. Prior to signing up for GAMSTOP, I suffered from a lengthy addiction to online gambling that saw me gamble away a terrifying amount of money, often money which I didn’t have.

Since then, I’ve been able to take comfort in the fact that I am unable to access or gamble on those online sites and have been able to commit myself to my real passion of ultrarunning, something I simply wouldn’t have been able to do without GAMSTOP.

I encourage anyone who thinks that they might be suffering from a gambling-related issue to research GAMSTOP or to take advantage of the TalkBanStop partnership, which combines self-exclusion with device blocking software, bank blocks and getting the support you might need through Gamcare”.

Blockchain

Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity

Published

1 hour ago

April 25, 2024

Wladimir P.

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Reading Time: < 1 minute

Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.

This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.

Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”

This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.

The post Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity appeared first on European Gaming Industry News.

Latest News

Sportradar Names New CFO, Craig Felenstein

Published

1 hour ago

April 25, 2024

GamingAmericas.com

sportradar-names-new-cfo,-craig-felenstein

Sportradar Group AG today announced that Craig Felenstein has been named Chief Financial Officer of the Company, effective June 1, 2024. Felenstein joins the Company from Lindblad Expeditions where he most recently served as Chief Financial Officer. He will report directly to Sportradar Chief Executive Officer Carsten Koerl.

Felenstein brings nearly 30 years of senior finance and operating experience for US publicly listed companies across the media, entertainment, experiential and digital content industries to his new position at Sportradar. Most recently, Felenstein served as Chief Financial Officer at Lindblad Expeditions, a global leader in expedition cruises and adventure travel, where he oversaw the company’s global finance organization, as well their corporate development, information technology and human resources functions. In his role as Sportradar’s Chief Financial Officer, Felenstein will lead the company’s global finance, accounting and investor relations functions. Felenstein has a unique blend of financial rigor and operational insight and will partner with the rest of the executive leadership team to advance the company’s key strategic initiatives and grow the business while maintaining strong relationships with the investment community. He will be based in New York.

Carsten Koerl, CEO, Sportradar said: “With Craig’s deep international experience and successful track record building finance organizations as a CFO at US listed public companies, I am confident that he will be a strong addition to our team. His track record of helping drive financial strategy and building shareholder value will be instrumental to our continued success. We want to express our deep gratitude to Ger Griffin for his meaningful contributions to Sportradar during a transformational growth period for our Company.”

Prior to his tenure at Lindblad, Felenstein served as Senior Vice President of Investor Relations and Strategic Finance at Shutterstock where he oversaw all interaction with the investment community while leading the financial planning and analysis and corporate development functions. Prior to Shutterstock, he served in various management roles at Discovery Communications, LLC, including Executive Vice President of Investor Relations. At the same time, he was a member of the executive team for several of Discovery’s businesses including serving as the Chief Financial Officer of Digital, Chief Financial Officer of US Network Revenue and Chief Financial Officer of Animal Planet. Prior to Discovery Communications, he held senior positions at News Corporation, Viacom Inc., and Arthur Andersen & Co.

Felenstein said: “Sportradar has built an impressive leadership position in the rapidly growing global sports technology market and the Company is ideally situated to deliver sustained growth given their strong content portfolio, unmatched product offerings and commitment to industry innovation. I am excited to work with Carsten and the entire Sportradar team, as well as the Board of Directors, to capitalize on the significant growth opportunities ahead and deliver additional value to our clients, partners and shareholders.”

Bitcoin

Should iGaming Be Worried About 2024 Bitcoin Halving?

Published

3 hours ago

April 25, 2024

George Miller

should-igaming-be-worried-about-2024-bitcoin-halving?

Reading Time: 2 minutes

In its LinkedIn newsletter, ‘The SOFTSWISS Special’, SOFTSWISS, a global tech expert with over 15 years of experience in iGaming, delves into the impact of Bitcoin Halving on the iGaming realm.

The recent historical moment of Bitcoin Halving took place on 19th April 2024. SOFTSWISS, a pioneer in crypto-friendly iGaming software, shares its insights and forecasts for how this event may shape the future of iGaming, shedding light on potential opportunities and challenges for industry stakeholders.

What is Bitcoin Halving?

The Bitcoin halving is a scheduled event that occurs approximately every four years or every 210,000 blocks. During this event, the reward for mining and verifying new blocks is reduced by 50%, resulting in miners earning only half the number of BTC per mined block.

Since its launch in 2009, Bitcoin’s mining reward has halved four times, occurring in 2012, 2016, 2020, and 2024. The recent April halving reduced the reward to 3.125 BTC per block. Such events are crucial for Bitcoin’s scarcity and inflation control, ensuring that the total supply never exceeds 21 million coins and aligning with its deflationary principles.

Historically, each halving event has resulted in a rise in Bitcoin’s price. This is attributed to the reduced supply and increased scarcity, although other market factors have also influenced these outcomes.

Exploring the Impact of Bitcoin Halving on the iGaming Industry

To provide an in-depth analysis of the Bitcoin Halving impact on iGaming, SOFTSWISS invited Bradley Peak, blockchain expert and tokenomics adviser, to share its anticipations.

Bets rise: The halving is expected to lead to an increase in Bitcoin’s value. If the trend of impressive price surges persists, Bitcoin-friendly iGaming brands could see a positive impact.
Crypto adoption increase: Implementing crypto-friendly models has the potential to boost player trust and transparency in iGaming. Additionally, it could rejuvenate unique gaming experiences like provably fair games and decentralised casinos.
Regulatory frameworks improvement: The recent Bitcoin halving could prompt regulatory bodies to reassess their stance on cryptocurrency gambling. This could lead to new regulations ensuring fairness, responsible gambling, and anti-money laundering measures in the crypto-driven iGaming sector.

Bradley Peak, blockchain expert, comments on the recent changes: “Any transformation will not be without its challenges. It is important to adapt – invest in employee learning and development, onboard crypto processing, and make sure your platform remains secure in the process.”

Explore the influence of the 2024 Bitcoin Halving on the iGaming industry in the fourth edition of The SOFTSWISS Special newsletter on LinkedIn.

About SOFTSWISS

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

The post Should iGaming Be Worried About 2024 Bitcoin Halving? appeared first on European Gaming Industry News.