Kindred details plans for proprietary sportsbook

When announcing an extension to its partnership with Kambi earlier this month, Kindred revealed that it was to develop an in-house sportsbook, and stop using its former subsidiary’s technology. This will be build around its horse race betting product, Kindred Racing Platform, and is expected to launch in 2024.

Providing more information on the new sportsbook product, chief product officer Erik Bäcklund said the move would give Kindred greater control over what it delivers to customers.

“What underpins our strategic intention is moving away from being a sales and marketing-led business, towards a product- and customer-experience-focused organisation,” he explained. “A key part of this strategy is having full control of our product suite.” 

Bäcklund added that a proprietary sportsbook was the “missing piece of the puzzle” for Kindred, after it acquired online casino supplier Relax Gaming outright in 2021.

“After the hugely successful development of our racing platform, the opportunity to expand its capabilities into a fully-fledged sportsbook platform was obvious,” Bäcklund said. “In fact, it was built with sports in mind from the start. 

“That is the route we are taking and we continue to make very good progress behind the scenes.”

He added that the sportsbook will include a number of automated processes for trading among other elements.

“Big headlines for the platform include the broad integration of fast, rich data, sophisticated presentation algorithms and automation in as many operational areas as possible,” he said. “This includes trading and margin management.”

Meanwhile, group head of trading Ben Colley revealed that the operator’s racing product had been designed with a view to one day expanding to cover sports betting as well.

“Since we launched the racing product a few years ago it has outperformed some ambitious expectations,” he said. “We set out to create what we considered to be the first truly 24/7 racing product, with as much streaming and rich content that we could lay our hands on. 

“When we first started building that racing platform, we always had one eye on a possible future role in mainstream sports betting, so the paving slabs were laid some time ago for what we’re working on now.”

Colley added that he still saw a place for a relationship with Kambi and Sportradar – which in 2019 acquired the Optima platform used by Kindred – despite the plans to create a new sportsbook product.

“Our main sportsbook suppliers, Kambi and Optima (Sportradar), are both excellent and very well-established products that have worked well for Kindred for many years,” he said. “Indeed, we see a future partnership with Kambi and Sportradar as one that evolves with our own, proprietary aspirations.”

Swedish trade association names Maria Wennerberg Sedigh as new CEO

Wennerberg Sedigh will replace Jenny Nilzon in March, with the latter having announced her departure from SPER after five years in the job.

Wennerberg Sedigh has been a senior adviser at SPER for the past four years and has many years of experience in gaming regulation from both the Lottery Inspectorate and the Ministry of Finance.

She also worked in the Gaming License Inquiry, which produced a proposal for new gaming regulation that resulted in the Swedish Gambling Act and a new licensed framework from January 2019.

Wennerberg Sedigh said: “It feels exciting, and I am happy to have gained the trust. I will continue to develop SPER’s work with self-regulation, consumer protection and industry confidence. This is a big and fun assignment.”

Wennerberg Sedigh will take up her position before SPER holds its annual meeting for members at the end of March. SPER’s members include Betsson, IGT, Svenska Spel and Yggdrasil.

Patrik Hofbauer, chairman of SPER and chief executive of Svenska Spel, said: “We on the board are extremely happy that Maria will be the one to lead SPER further. She has a unique knowledge of the industry and I look forward to our collaboration.”

Caesars announces sports betting partnership with Cleveland Cavaliers

The deal will also see Caesars named as the official casino partner for the team.

Plans are also in place to open a retail sportsbook at Rocket Mortgage FieldHouse – home of the Cavaliers – pending regulatory approval.

The 10,355 square foot sportsbook will also utilise official Cleveland Cavaliers logos and marks, broadcast and digital content, in addition to TV-visible in-game signage.

The Caveliers deal represents Caesars’ latest sports team agreement. The company has partnered with the NFL’s Buffalo Bills, Indianapolis Colts, and Baltimore Ravens, in addition to sponsoring the NHL’s Washington Capitals.

Chris Holdren, co-president of Caesars Digital, said: “We’re ready to welcome Ohio sports fans into the Caesars Sportsbook Empire, while also making history with our second sportsbook at an NBA arena.

“Building upon our already established roots with Scioto Downs in Columbus, we’re excited to announce our partnership with the Cavaliers at an exciting time in their franchise’s history. As we prepare to launch sports betting in Ohio later this year, this wide-ranging partnership enables us to connect with the Cavs’ passionate and highly engaged fanbase.

“Caesars Sportsbook at Rocket Mortgage FieldHouse will be a first-class venue providing an exciting atmosphere for sports betting and more.”

Sports betting is soon to be implemented in Ohio, after the state’s House and Senate approved sports betting legislation back in December.

Reels to wheels: How Raw is reinventing slots

Tom Wood’s igaming heritage stretches back years, taking in NordicBet, Betsson, Jadestone Networks and the many iterations of Scientific Games’ online division, most recently SG Digital.

Backed by his track record of innovation and hundreds of game launches, Wood is building out his team at Raw iGaming, making games that transcend the usual slots fare.

Navigating a “sea of sameness”

Wood’s hope for Raw is that the business can punch through what he sees as the ho-hum, cookie-cutter slots that igaming players encounter on a daily basis.

“We want to develop and deliver gaming technologies that go beyond what we call the ‘sea of sameness’, the never-ending ocean of 3×5 and 4×5 games.”

There’s nothing wrong with traditional slot formats, arrays and themes. But Wood argues that the mechanics blend together, and one company’s game can come across pretty much identical to that of a direct competitor.

“Think about what you find in the cereal aisle at the grocery store,” he says. “You know the feeling, standing there looking at a long corridor packed with cornflakes. You don’t know which to choose because they all look and probably taste the same.”

The current state of igaming sounds an awful lot like that cereal aisle, according to Wood. “It’s our vision to provide game and platform mechanics that stand outside of the commoditised slot world and offer new, exciting experiences that will resonate with players.”

If the industry represents a “sea of sameness”, you need a solid crew to help you navigate. Raw is already assembling a team of industry veterans.

“I’ve had the incredible fortune of hiring two industry giants,” Wood says. Those are Henrik Fagerlund, formerly of NetEnt/Evolution, as the startup’s chief operations officer and Videoslots veteran Ricardo Ruiz as chief technology officer.

“With Ricardo and Henrik onboard, plus our team of investors, we have the security of a wealth of experience we can draw upon.”

For their part, Fagerlund and Ruiz each bring a unique perspective to the business, which Wood hopes will help the company overcome the commoditisation that churns beneath the waves of sameness.

Fagerlund emphasises the broad spectrum of his role. Operations covers a lot of ground at a startup, and Raw is no different. “I am involved in almost everything at this phase,” he explains. “I’ve been tasked to ensure Raw iGaming operates in a reliable, compliant and efficient manner.”

“Perhaps the most important aspect of my role,” Fagerlund continues, “is to ensure that we deliver to the level of quality and innovation we want to be known for.”

Ricardo Ruiz is equally excited by the opportunities Raw presents.

“The company vision is to totally differentiate on top of all competitors and there is clear support for disruption from the business side […] that alone is a dream for any technical person,” he says.

“At the same time when you get to be in a company in its early stages, that’s the perfect moment to introduce and work with the latest tech solutions,” Ruiz adds. “It’s a win-win for the business, long-term.”

Ruiz says his “product first” approach is a good fit for Raw: “Ideas cannot be limited by feasibility. Let tech instead be the enabler and driver of disruptive ideas. [We’ll] build differentiated concepts, which will need smart solutions. I believe all challenges can be overcome; no idea is impossible to implement.”

The pair are keen to emphasise that they’re looking to do the impossible, or at least the implausible. The company’s early offerings look completely different from the run-of-the-mill reel arrays and themes slot players fans already know and love.

Reinventing the wheel

Tom Wood’s experience has shaped the way Raw develops slots products. With the help of Ruiz, Fagerlund, and their teams, the company aims to innovate on tried-and-true slot experiences to craft something fresh.

However, Wood is quick to note that not every idea sticks, especially when you’re thinking outside the box. Or, as Wood puts it, “throwing the box away entirely”.

“Working with new ideas can be a humbling experience,” he says. “Many of my game innovations didn’t strike a chord with players or operators. You just have to learn from the misses and keep pushing the boundaries. In the end, you’ll find your secret sauce.”

Henrik Fagerlund has proven helpful in this approach, bringing his years of experience to the Raw table.

“I’ve packed a huge suitcase full of dos and don’ts,” Fagerlund says. “I think the don’ts are just as important as the dos, and that mindset will help Raw avoid repeat mistakes in our development process.”

Right now, Raw’s flagship product is SuperSlice (patent pending), a unique game engine that combines a completely new slots look and feel with familiar gameplay and mechanics.

“To state the obvious,” Wood says, “SuperSlice is based on a wheel and not a reel set.”

Obvious indeed. One look at the game and anyone familiar with typical slots will immediately notice the distinct wheel-based game format. Raw has commandeered a historically bonus-related game element and reworked it.

“Wheels are almost exclusively used as jackpot bonus wheels and gamification features found in RNG and social games, such as daily bonus spins,” says Wood. “It occurred to us that no one has taken a hard look at how a wheel can be used as the main focus to create a more enriched, dynamic experience and actually represent the base game instead of a bonus round.

“The SuperSlice engine adds an unknown number of random wheel slices to any wheel design. So on each spin, the player doesn’t know how many slices of the wheel they will get, what will be on those slices, or where the wheel will eventually land.

“It can be two slices with two bonus features guaranteeing a bonus win, or 12 slices with different value symbols, bonuses and misses, and so on. The anticipation for the player creates something exciting and unpredictable.”

As if that wasn’t enough, Raw also offers add-ons it dubs Bonus Rush and Clusterspin, which operators can activate to further differentiate the gaming experience.

These can be activated or deactivated at will, based on regulatory requirements or operator preference. When they’re available, Bonus Rush and Clusterspin bring more dynamism to Raw’s content.

“Clusterspin is an innovative side bet game that allows the player to place a wager on whether they will have a winning or losing round based on a set number of spins,” Wood explains. “This is for those days when you feel you’re in the flow on your favourite game or when you can’t seem to hit anything.

“This feature allows you to set an extra wager on the next set of spins which can pay you up to an extra 1,000x on your wager, outside of your normal gameplay wins.”

Then there’s Bonus Rush, for players who don’t want to spin relentlessly hoping for a feature.

Wood notes that Raw’s games lean toward medium to high in terms of volatility, so Bonus Rush is a nice option for players seeking a quicker way to unlock features. “Bonus Rush is for those players who want an alternative to reach the bonus. They can buy direct access into the action,” Wood says.

These are designed as an easy addition, so are configurable for all titles in its portfolio. “We want to provide as much opportunity for players to enjoy our games while keeping things simple for operators.”

Game on

Fuelled by SuperSlice and Raw’s add-ons are Wheels of Rock and Journey to Chaos, two titles directly taking on that sea of sameness. Both launched in January 2022.

“Wheels of Rock is a volatile, music-themed concert of respins, multipliers, free spins and a feature we call MagSpins,” says Wood. “MagSpins offers the players three spins on the MagSpin wheel and the chance to win up to 25,000x their bet on any spin session.

“The respin offers a guaranteed win by removing all losing slices and guarantees activation of the multiplier wheel spin on symbol wins, with multipliers up to 25x. The retriggerable free spins offer an increase of the respin multiplier wheel up to 50x and offers unlimited increasing multipliers that increase the value of each symbol on each win.”

Journey to Chaos, meanwhile, draws from the ever-popular well of Egyptian mythology and folklore. “It’s the world’s first cascading wheel game,” Wood says. “Each god represents a multiplier from 1x to 4x in the base game and 2x to 8x in the free spins feature.

“Triggering a win on each wheel triggers the cascade to the next god wheel, increasing the multiplier and hopefully leading to the RA wheel, which offers spin win multipliers up to 4x as well as 8 or 12 free spins.”

Wood argues the titles are designed to offer a fresh take on what a slot can be. But surprisingly he shies away from saying he’s setting out to disrupt the industry.

Entertainment over disruption

Wood avoids using the word “disruption” in general, he says. That’s not his, nor Raw’s intention.

“Rather, I want to give players and operators a new category of entertainment. It’s entirely possible that these games could carry their own tab on an operator’s site – it’s a new experience, perhaps newer-feeling than other recent successes such as Megaways.”

Wood hopes that Raw becomes a benchmark for new ideas and inspiration, opening up new opportunities for developers to take risks or give newfangled ideas a shot in a crowded market.

“As an industry, we must find new channels for entertainment if we’re going to compete with the likes of streaming, video games, movies and music.”

Ruiz agrees, and emphasises the need for products that influence the development of new technologies, instead of the other way around. “Technology is not really the problem,” he says. “It’s the lack of product innovation, and Raw is already unique in those aspects and has been since day one.”

Fagerlund, meanwhile, takes the view that the company should be as lean and focused as possible. “I have already gone deep into product development by reviewing and giving feedback on our upcoming games,” he says. “I want to ensure we operate in the right way from the beginning, but without too much admin or bureaucracy. We’re laser-focused on staying fast and nimble.”

Wood, for his part, admits that Raw’s approach is new and will take time to take root in the industry. Therefore, the year’s focus is less on exploding into operators’ minds and more on presenting ideas to them, learning and working with partners and operators to evolve both the content and its philosophy as a company.

“We’ve got a lot of big news planned for this year, so keep your eyes and ears open.”

Connecticut online gaming revenue reaches $18.8m in January

This revenue was after promotions, which came to $3.6m. Before promotions the total was $22.4m.

Out of the $18.8m in revenue, the Mashantucket Pequot Tribe brought in $11.1m and the Mohegan Tribe the remaining $7.7m.

Players staked $780.0m on online gaming, a fall of 4.2% from December.

The Mashantucket Pequot Tribe’s Foxwoods Resort Casino saw the most staked, at $502.5m- a decline of 4% month-on-month. Customers staked the second highest amount with Mohegan Digital, hitting $277m. Mobile-on-premise stakes at the Mashantucket Pequot Tribe’s Foxwoods Resort Casino – mobile gaming that took place at the casino itself – made up the remaining $440,460.

Player winnings topped $757.3m, down 4.6% month-on-month, with the highest amount – $488.6m – coming from Mashantucket Pequot Tribe’s Foxwoods Resort Casino.

Aa total of $3.3m was paid to the state in January from this online casino gaming revenue. This was up 15.2% from December 2021.

Mohegan Digital contributed $1.3m to the total, while Foxwoods paid $2.0m.

Online sports betting GGR came to $7.4m, a rise of 17.6% from December, while online wagering was recorded at $149.3m.

This resulted in a payment of $1.0m being made to the state, 60.8% more than in December. Mashantucket Pequot Tribe’s Foxwoods Resort Casino generated $635,480 of this, while Mohegan Digital added $333,522 to the total. The Connecticut Lottery Corporation made up the remaining $60,020.

Retail sports wagering came to $8.7m, 34.3% higher than December. Winnings rose 29.6% month-on-month to $7.8m. As a result, overall retail sports betting GGR was $825,369.

Retail sports wagering contributed a payment of $113,488, all of which came from the Lottery Corporation’s Rush Street Interactive sportsbook. This was more than double that of December’s payment, which came to $54,457.

Connecticut’s online gaming and sports betting market opened in October, with a seven-day soft launch that began on October 12. It then launched fully on October 19.

The Mohegan Tribe, the Mashantucket Pequot Tribe and the Connecticut Lottery Corporation are the only groups allowed to operate sports betting in the state of Connecticut.

IGT finalises 20-year Rhode Island lottery extension

The gaming technology group said its IGT Global Solutions Corporation subsidiary would continue to provide its solutions and services over the course of the deal and committed to maintaining 1,100 jobs in the state. The confirmation comes after state regulators last year passed a law authorising the extension.

Under the terms of the new deal, IGT will form a joint venture with Bally’s Corporation that becomes the exclusive supplier of video lottery terminals to the Lottery from January 2023.

IGT will also replace Rhode Island Lottery’s draw-based lottery central system with its Aurora product and all related lottery terminals and telecommunications equipment later this year.

IGT will replace the lottery’s video lottery central system in 2025 and upgrade its iLottery system in 2023, offering an enhanced suite of analytics. It has committed to replacing all the central systems with its latest technology between 2033 and 2035.

The group will also continue as the exclusive printer and supplier of instant tickets to the Lottery.

Mark Furcolo, Rhode Island Lottery director, said: “The Rhode Island Lottery has partnered with IGT since the early days of both businesses and has benefitted from piloting numerous IGT innovations over the years, including exciting iLottery solutions and sophisticated new ways of ticket printing that are now part of our growing portfolio.

“This extension signifies an impressive milestone, and we look forward to continued success and implementation of the most advanced lottery systems and solutions for many years to come.”

In June 2021, Rhode Island Governor Dan McKee signed legislation, passed by the Rhode Island General Assembly in May 2021, authorizing the lottery to enter into the extension. In connection with the extension, IGT has agreed to certain economic development initiatives, including agreeing to maintain 1,100 jobs in Rhode Island and a minimum Rhode Island payroll commencing with 2022, pay an aggregate of $27m to the state ($13.5m in each of 2023 and 2024) and invest $155m in Rhode Island through to 2043.

Jay Gendron, IGT’s chief operating officer of global lottery, said: “IGT’s history is rooted in Rhode Island as the company is one if its most successful high-tech startups, with the Rhode Island Lottery being our very first customer.

“IGT’s good jobs and great people are the foundation of our success and one of the reasons why we have been able to support the Lottery in its continued evolution throughout our decades-long partnership. Over the next 20 years, we are committed to delivering unrivaled gaming experiences that engage players and drive maximum growth for Rhode Island’s third-largest revenue stream.”

The Rhode Island Lottery transferred $293.9m to the state’s General Fund in the 2020 fiscal year. Prior to the pandemic, that number was nearly $400m in 2019.

Under the law passed last year, legislators agreed that an upfront payment to the state would increase from $25m to $27m, while IGT’s financial commitment in Rhode Island will be set at $155m. Both IGT and Bally’s also agreed to keep headquarters in the state capital of Providence until at least 2043.

In addition, a commitment to funding problem gambling schemes is to be increased from a minimum of $125,000 to at least $200,000.

Century Casinos to acquire Nevada’s Nugget Casino Resort

The agreement will see Century purchase 100% of Nugget Sparks LLC (OpCo), which owns the operations, and 50% of Smooth Bourbon LLC (PropCo), which owns the property, from Marnell Gaming for a total of $195.0m (£145.1m/€173.7m).

The deal also includes a five-year option to purchase the remaining 50% stake in PropCo for $105.0m, plus 2% per annum.

Century will pay $95.0m to acquire the initial 50% stake in PropCo, and lease the property to OpCo for an annual rent of $15.0m. 

Subject to approval from the Nevada Gaming Commission, Century will also purchase 100% of OpCo for $100.0m. This acquisition, Century said, is expected to meaningfully enhance its free cash flow, as well as be immediately accretive to earnings.

In connection with the deal, Goldman Sachs Bank USA has provided a commitment letter for $350.0m in senior secured term loan financing to support the acquisition, refinance existing debt and for general corporate purposes, as well as a $30.0m senior secured revolving credit facility. 

“We have been looking at entering the Reno market for a long time, and we believe the Nugget is a perfect fit for our portfolio. We look forward to welcoming the great team at the Nugget to Century Casinos,” Century Casinos co-chief executives Erwin Haitzmann and Peter Hoetzinger said. 

“We believe there is a lot of up-side to this transaction and that we identified some areas of improvement to continue the Nugget’s growth. “We expect the Nugget to seamlessly integrate and provide added synergies for Century Casino’s US portfolio.”

Located in Sparks, Nevada, Nugget Casino Resort is full-service resort with a gaming floor featuring 50,200sq ft of casino space, 859 slot machines and 29 table games. 

The resort also includes two hotel towers, 110,000sq ft of convention space, a 8,555-seat amphitheatre, a number of casual and fine dining options, on-site bars and lounges, and a five-story 1,200 space parking garage. 

Should the deal go through as expected, the acquisition would expand Century’s North American portfolio to 10 casinos with 6,700 gaming machines and 140 table games. 

The PropCo transaction and the financing are expected to close early in the second quarter of 2022, while the OpCo purchase is expected to complete within one year after the PropCo transaction, subject to approvals of the Nevada Gaming Commission. 

The deal comes after Century last month ended its association with Century Casino Calgary after selling the land that houses the casino facility.

Sportradar extends integrity deal with Brazilian Football Confederation

Sportradar Integrity Services, the integrity arm of sports tech company Sportradar, first began its deal with the CBF in 2017.

The agreement extension will incorporate more Brazilian football competitions for Sportradar to monitor.

Sportradar Integrity Services will deploy its Universal Fraud Detection System as a new addition to the deal, using it to monitor 27 state-level competitions, Brasileiro U20 and Campeonato Brasileiro de Aspirantes.

Overall, the extension will mean 3000 CBF-sanctioned games will be monitored by Sportradar Integrity Services per year. This includes the existing monitoring of Serie C and Serie D matches.

“Having witnessed growing integrity issues across global sport in recent years, particularly in lower levels of competition and youth sport, it is commendable to see the importance the CBF place on preventative measures,” said Andreas Krannich, managing director of Sportradar Integrity Services.

“Through this ongoing partnership, we look forward to continuing our work in a country with such rich footballing history and future.”

Sportradar will also provide three online integrity workshops for players, coaches, staff and referees in an effort to educate on match-fixing and other integrity threats.

“Sportradar Integrity Services have been a valued and trusted partner of ours, with their UFDS bet monitoring providing vital insights into the betting activity on our competitions,” said Ednaldo Rodrigues, acting president of the CBF.

“Extending this partnership helps to strengthen our mission to protect Brazilian football, and by adding their live integrity workshops, we will gain an extra layer of protection by ensuring that education is delivered on the integrity dangers facing our competitions.”

The extension comes after Brazilian Deputies voted to legalise online and land-based gaming yesterday (23 February).

Deputies voted 246-202 in favour of Bill 442/1191.

Sportradar has signed a number of integrity deals this year so far, including agreements with the United States Football League, Athletes Unlimited and the World Baseball Softball Federation.

Churchill Downs returns to profit as revenue grows 51.1% in 2021

This was an increase of 51.1% compared to the net revenue reported in 2020.

Gaming made up $695.4m, a rise of 59.7% year-on-year. CDI’s TwinSpires online product recorded $431.7m in revenue, up 4.1%. Live and historical racing revenue rose 141.2% to $409.1m while all other revenue topped $61m, almost double the year prior.

Read the full story on iGB North America.