Number Crunching - BetConstruct, Monmouth Park and Playtech

Number Crunching - BetConstruct, Monmouth Park and Playtech

Wednesday, May 16, 2018 Posted by Joseph Streeter
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Breaking down all the week's news into a set of easy to manage figures

€850m - Having purchased leading Italian gambling operator SNAITECH for €850 million, during Q1 2018, Playtech Plc outlined its ambitions to further expand with mergers and acquisitions in 2018.

Ahead of its corporate Annual General Meeting (AGM), Playtech revealed to its investors that it is making progress on both its ‘organic and M&A’ disciplines.

$30m - Commencing at the start of 2019, the Victorian Government is to introduce an eight per cent online point of consumption tax, which it has been stated will raise an estimated $30m per year, report Australian media outlets.

Treasurer Tim Pallas outlined that the tax has been designed to ensure sufficient steps are taken to address the harms of problem gambling, telling Australian Broadcasting Corporation (ABC): “We’ve got a situation at the moment where online gaming operators are effectively avoiding tax, they don’t pay a cent of tax.

“The aim here is to make sure that we do no harm to the racing industry but we stop the leakage in revenue that should properly be the just desserts of Victoria.

“We do need to recognise that harm is being done through the provision of gambling products and the appropriate payments by those operators to assist in dealing with that harm has to be made.”

40 - Games developer 1X2gaming, part of the 1X2Network, has announced the launch of its latest game innovation, Roulette Diamond.

In Roulette Diamond, the traditional 36-number roulette wheel is replaced with a unique 40-number betting board, giving players even more ways to win with a better Return To Player (RTP).

Kevin Reid, CCO at 1X2Network, said: “With Roulette Diamond, we have taken a classic table game and given it some added glamour.

“The innovative 40-number betting board we have developed is an industry first and will appeal to traditional players as well as those looking for a slots/table games hybrid. We have already had significant interest from a number of tier one operators and look forward to launching Roulette Diamond to players shortly.”

14 - After the repealing of PASPA this week, New Jersey horse racing track Monmouth Park has revealed it’s aiming to become the first venue outside of the state to offer regulated legal wagering, much down to extensive pre planning, it’s anticipated that Monmouth Park could take its first bet within the next 14 days.

CEO Dennis Drazin affirmed that two weeks is realistic, stating: “There’s a possibility we could be ready sooner. It takes a couple of weeks to finish the technology. We weren’t sure which way the Supreme Court would rule.

“We were very confident of victory but there were two paths and we wanted to make sure we got it right. Now that they have determined PASPA is unconstitutional the legislator will enact new laws, the governor will sign that into place here in New Jersey and in the meantime we’re going to try to get up and running until that happens on a privately regulated basis.”

2 - BetConstruct announces that it has been granted two Class I licences by the Malta Gaming Authority. With these licences the company is now enabled to provide gaming products of the well-known Malta-based casino providers.

Karine Kocharyan, BetConstruct Head of Licensing and Certification, comments: “Class I Remote Gaming licences granted by the Malta Gaming Authority to BetConstruct is yet another step forward for our company in securing a full package of gaming products offered in the regulated European market.

Coupled with our current MGA licences for Sports Betting and Controlled Skill Games, the newly obtained Casino licences are opening up added alternatives for our customers, who enjoy using our gaming products. Additionally, it is an excellent opportunity for our partners to use our fully-fledged white label offerings through one skin, keeping in mind that Class III licence for Poker is also coming soon.”

The gaming operator became the first BetConstruct partner to launch the operation of the mentioned casino providers under its MGA Class I licences.

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