Latest News
LaunchPad finalists announced for iGB L!VE
iGB L!VE organisers have confirmed the five trailblazing start-up businesses who will be showcasing their ground-breaking ideas to a panel of industry entrepreneurs in the final of LaunchPad which is taking place in the Pulse Theatre 16:30 – 18:00 on 18 July.
The visionary enterprises who will be pitching to the judging panel are Match Hype, Swap Profit, AMARIX, SavageTech GmbH and Lucky Lady Games.
Confirming the shortlist which was handpicked by the iGB L!VE team, Clarion Gaming’s Jamie Coles who is leading the exciting new initiative said: “These businesses will not only gain invaluable exposure, but they will also compete for substantial cash prizes and receive expert guidance from our judging panel of industry titans comprising Michael Caselli, Non-Executive Chairman – Clarion Events; David Sargeant, Investor, Advisor, Consultant – iGaming Ideas; Vladimir Malakchi, CEO and Managing Partner – Xanada Investments; Tony Pearce, CEO and co-founder – Reality+ and Justin Anastasi, CEO, VentureMax Group.
“We are also extremely grateful to Becky Liggero Fontana, Reporter, Producer and Host of Coingeek for agreeing to chair this first edition of LaunchPad @ iGB L!VE.”
He continued: “LaunchPad is not simply a competition; it’s a platform to showcase ground-breaking ideas, pitch to a panel of influential leaders, and secure the support required to take start-ups to the next level. Our vision is to discover those scalable solutions which have the potential to revolutionise the market.”
LaunchPad judge Michael Caselli who also serves as Non-Executive Chairman at Clarion Events highlighted iGB L!VE’s status as a hub for innovation in the industry. He explained: “With Launchpad we are highlighting the latest innovations in the industry and providing a formal platform for innovating businesses to attract the funding or partners they need to make their visions a reality. That is very much the ethos and the DNA of the show.
“Bank finance is a difficult issue as some banks and funds are excluded from backing gaming companies. iGB L!VE is totally different in that we have individual and institutional investors that are actively looking to invest in this space and have the knowledge and experience in the sector to know what projects fit their portfolios.”
“We don’t see supporting entrepreneurs as a responsibility as much as a pillar of what we do and what we stand for. The core value of iGB L!VE is to bring all elements of the industry together to foster collaboration and partnerships in order to drive the iGaming industry forward. Supporting iGaming entrepreneurs is fundamental to that formula.”
Part Dragons Den part Shark Tank, LaunchPad has been curated to add to the onsite experience. Finalists will be limited to a 10-minute on-stage presentation followed by a scrutiny session by the judging panel. The top three will receive a cash prize comprising €6,000 for first place, €3,000 for second and €1,200 for third.
A projected 10,000 delegates are expected at iGB L!VE 2024 which will feature 300+ exhibitors and sponsors occupying 21,000+ square metres of gross space, a figure which is 35% higher than in 2023.
The post LaunchPad finalists announced for iGB L!VE appeared first on European Gaming Industry News.
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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