Zlatan Ibrahimović fined €50,000 over links to betting operator

The Uefa Appeals Body decided to fine Ibrahimović after he was found to be in violation of article 12(2)(b) of the Uefa Disciplinary Regulations, which prohibits financial investment in a betting company.

Ibrahimović was also handed an order to cease all association with the betting operator.

Uefa also handed a warning and a fine of €25,000 to AC Milan for violation of article 12(2)(b), because the club’s player was found to have financial links to a betting company.

Uefa first announced the disciplinary investigation into Ibrahimović in April. Although the betting operator Ibrahimović was found to have ties with was not officially named, Swedish newspaper Aftonbladet reported that the player has ownership in Bethard through his Unnamed AB business.

Ibrahimović began working with Bethard in March 2018 in a developmental and ambassadorial position.

This month, Esports Entertainment Group agreed to acquire Bethard in a deal worth €22.1m (£19.1m/$27m).

Crown Melbourne shuts as Victoria announces Covid-19 lockdown

Victoria’s government today (27 May) said that the state would enter a week-long “circuit-breaker lockdown” from 11:59pm local time this evening until 3 June, in response to a rise in Covid-19 cases in Melbourne.

The latest figures released by the government show 12 new cases of Covid-19 in the state, the highest daily total since 12 October last year.

As such, all non-essential retail will be required to close until the end of the lockdown, with Crown confirming all gaming activities at its Crown Melbourne casino will be halted.

Crown Melbourne will also pause food and beverage, retail, banqueting and conference facilities, though hotel accommodation will continue to be provided for approved purposes.

The closure comes at a time when Crown Resorts is the subject of a takeover proposal from private equity giant Blackstone Group and a merger offer from rival Star Entertainment.

Last week, Crown turned down a revised takeover proposal from Blackstone Group, saying the offer undervalued its business.

Blackstone had offered AUS$12.35 in cash per Crown share, representing a 4% increase on its previous offer of $11.85 per share submitted in March.

However, Crown’s board unanimously concluded that the latest proposal undervalued the business and would not be in the best interest of shareholders.

In regards to the Star Entertainment proposal, Crown said its board had not yet formed a view on the “merits” of the offer, saying it had requested further information from Star “to better understand various preliminary matters”.

XLMedia forecasts FY revenue growth despite further casino “weakness”

In a statement released ahead of the business’s annual general meeting today (27 May), chief executive Stuart Simms said revenue is likely to reach between $65m (£46m/€53m) and $70m.

The lower end of this estimation would represent an 18.2% year-on-year increase on the $55m posted in 2020, while the upper end of the forecast would mean a 27.3% rise.

Simms said this forecast was based on what he described as a “solid start” to 2021 by the business, supported by a good performance in the personal finance and European sport verticals

He also noted XLMedia’s recent acquisitions in US sports vertical will continue to partially offset ongoing declines across its European casino assets.

In March, XLMedia acquired sportsbook review website Sports Betting Dime for $35.6m, while the affiliate in December also purchased US-focused sports gaming and sports betting business CBWG Sports.

“The integration of our US sports assets is progressing well and is expected to add materially to the group revenue for the current financial year and beyond,” Simms said. 

“However, and as previously disclosed, we expect revenues in the casino vertical to decline further in 2021 and will continue to adjust our cost base accordingly as we further stabilise this vertical in the medium term.  

“We expect this decline to be partially offset by the improving performance of both European sport and North American personal finance.”

Simms added that XLMedia plans to we continue to invest in the ongoing transformation of the business, including the systems and technology to support its growth plans. 

“This investment, and the additional operating costs associated with the recent acquisitions, will hold back profit progression in the current year,” Simms said.

“In the medium term, the company expects to deliver year-on-year profitable revenue growth and to leverage the infrastructure investment to reduce ongoing operating costs, leading to a gradual return to the operating margin levels last experienced in 2019.”

Sports betting drags Italian market into unseasonal monthly fall

Revenue across all verticals dropped to €288.1m in April, down 8.7% on March’s total, though this figure still represented an 83.5% increase on the same month last year.

While comparisons with last year are perhaps irrelevant due to the first wave of the pandemic having been in full swing then, the month-on-month fall this April shows a worrying pattern when compared with previous years.

Though the Italian market has been growing strongly over the past five years, there are seasonal dips in the calendar. However, in all years prior to 2020, the month of April showed a jump in revenues when compared with March.

It was sports betting that dragged the market down last month, with revenues falling to just €103.5m, the lowest monthly total since last June, and a 21.7% drop on March’s total.

Online casino, on the other hand, performed well, with casino and slots hitting their second-highest monthly total ever in April. The €161.2m in revenue represented a 1.6% rise on March’s GGR and a 64.1% increase on last April’s total.

The end result of the strength of casino last month and the weakness of betting was that the former saw its share of the market grow further, reaching 55.9% against 35.9% for sports betting.

In terms of market shares, PokerStars continued to lead the casino, tournament poker and cash poker markets, with shares of 10.48%, 51.28% and 43.58%, respectively.

Snai climbed to the top of the leaderboard for combined online and retail sports betting revenues, even with retail outlets remaining closed all month. Its market share rose to 14.5% last month, up from 12.2% in March.

Sisal fell back to second place with 12.8%, followed by the online-only Bet365, which climbed back into third place with 12.6%.

With retail outlets having started to reopen from May, it will be interesting to see how the market shares of betting operators develop during the rest of the year.

All data and figures from the regulator are processed by leading European corporate advisory firm Ficom Leisure, a specialist in all segments of the betting and gaming sector.

Ficom Leisure also provides monthly figures on the New Jersey online market in the New Jersey iGaming Dashboard, Pennsylvania in the Pennsylvania iGaming Dashboard and Iowa in the Iowa iGaming Dashboard, all of which are available on iGB North America.

It also provides quarterly figures on the Spanish online market in the Spain iGaming Dashboard and the Portuguese market in the Portugal iGaming Dashboard.

First lessons in slots: Lessons #13 and #14

Lesson #13: Warm colours vs cold colours

Graphic artists will tell you that there is a big difference between warm colours and cold colours.  And, of course, there is. They will automatically assume that because it is true that warm versus cold colours help us make decisions in almost everything, then that affects slots as well. 

One assumes that’s correct as well. 

But I tested that pretty early in my career. 

This is the test I did: I looked at the top games at the time and saw that warm colours and cold colours had no influence on a game being a top game.

That was a shocking revelation, and yet, it was true. 

To be a top game you need many, but not all, of this list: a great theme, a great math, great symbol choice, and sometimes great features. But you do not need warm colours nor do you need cold colors to be a top game.

Small sidenotes: Tastes also change regionally. I had the opportunity of testing top games in various casinos. For some casinos the top games were all warm colours while for others the top games were all cold colours.

The lesson here: create slots in both warm and cold colours, and don’t be afraid to use either one. 

Lesson #14: Social is fun

This was the major breakthrough of Playtika: when it launched Slotomania. 

Social slots were nothing before Playtika created Slotomania. You could basically say that even though there were a few attempts at creating slots on Facebook not for real money, until Slotomania skyrocketed, there were no social slots. 

The top team of Playtika came from real money slots with 888. But when they created Slotomania they did some things you never do in real money. 

Slots are a serious business. Slots were almost always serious in how the symbols were drawn. There was little humor in it.

One of their main changes was to make the art fun and humorous and funny. The characters were exaggerated. The non-characters were exaggerated. 

They realised that to play not for real money, players would expect the game to be a lot more fun. 

And they were right. 

Players’ expectations when playing social slots was to have fun more than to make money (since they couldn’t make money in social). Later, I would find out you can create more ‘fun’ in math as well. 

This is one of the few things that real-money slots companies find very hard to understand when trying to create their own social slots.

Guy Hasson worked for Playtech for three years before becoming Playtika’s content manager, responsible for the content of Slotomania and Caesars Casino. He is now a social slot consultant, specialising in game popularity.

Better Collective raises SEK1.50bn to keep further M&A options open

Better Collective issued a total of 6,880,734 shares at a price of SEK218 each, saying that the offering was “significantly oversubscribed” due to high demand from institutional and other professional investors.

The issue will see the total number of outstanding shares and votes in the business increase from 46,984,072 to 53,864,806, while its share capital will also rise from €469,841. to €538,648.06.

Better Collective said investors who subscribed for the shares should receive their shares by 31 May.

“I am pleased to see the high level of support of our company from both existing as well as new shareholders,” Better Collective co-founder and chief executive Jesper Søgaard said. 

“With the proceeds from this transaction, we maintain a flexible capital structure in order to be able to act on future strategic opportunities.”

Søgaard also said that interest in the issue demonstrated a positive response to its recent agreement to acquire US sports media business the Action Network for $240.0m, in the largest deal of its kind in the affiliate’s history.

“We’re very excited about the transaction and the market’s receptiveness of the acquisition of Action Network, which underpins our strategy to capitalise on the unprecedented market opportunity in the US within sports betting affiliation,” Søgaard said.

The affiliate’s board added that Better Collective “will be well positioned to continue to execute on its growth-oriented strategy – including through additional acquisitions beyond Action” because of the flexibility provided by the share issue.

Better Collective this month also reported a 77% increase in revenue for its first quarter as revenue from paid media skyrocketed following the acquisition of Atemi. Revenue came to €38.8m, an increase of 85.6% compared to the first quarter of 2021.

Florida gaming compact signed into law by Governor

Senate Bill 2-A, which was signed by DeSantis on May 25, will allow sports betting in the state only through sportsbooks and online platforms operated by the Seminole Tribe, or in partnership with pari-mutuel betting operators.

The bill outlines that the Tribe will also be able to offer fantasy sports bets and certain class III games such as slot machines, banked card games, raffles, craps and roulette.

Read the full story on iGB North America.

Esports Entertainment Group scores new partnership with NBA’s Cavaliers

Under the deal, Esports Entertainment will serve as the team’s official esports tournament platform provider and operate three co-branded esports tournaments each year for the Cavaliers using its Esports Gaming League (EGL) platform.

Esports Entertainment will leverage the team’s digital marketing efforts across social, email, mobile and online channels to promote the co-branded tournaments

Other aspects of the deal include courtside LED signage at all Cavaliers regular season home games during the 2021-22 season and be the presenting partner of an esports themed night each season of the deal.

The partnership also covers the team’s Cavs Legion GC NBA 2K League esports affiliate, with brand exposure on the player’s physical jerseys and virtually in-game.

“We are delighted to announce the Cavs as our first NBA team partnership; our robust tournament platform will help the Cavs strengthen connections with their fans, while providing new avenues for engagement,” Esports Entertainment chief executive Grant Johnson said.

Read the full story on iGB North America.

Bovada to block New York players after offshore gambling laws tighten

A statement from the Costa Rica-based Bovada declared that the “future climate” of the New York’s online gambling environment, referring to the introduction of new regulations in the state, led Bovada to decide to ban its residents.

These new regulations came alongside the state’s plans for legal online betting, which were included in the FY2022 budget signed by Governor Andrew Cuomo last month. Among the measures set out under the budget bill are that the New York State Gaming Commission will issue a request for proposals to select at least two platform providers to operate sports betting, with these to receive licences and offer at least four betting skins.

Read the full story on iGB North America.

Connecticut igaming bill passed by state senate

The bill, which was introduced by Representative Brian Smith, was approved by 28 votes to 6 yesterday (25 May), and now heads to Governor Ned Lamont’s office for approval after which it may be signed into law.

It seeks to formalise agreements made by the Governor with the state’s Mashantucket and Mohegan tribes in March, and would permit the tribes to offer sports betting online and at land-based sportsbooks within the casinos they operate, in addition to igaming and fantasy sports contests.

Under the bill, each tribe would be allowed to operate one skin for online sports betting and another for igaming.

The bill also allows the Connecticut Lottery Corporation to run one skin for sports betting outside tribal lands, as well as retail wagering at 15 locations across the state, provided they are located at least 25 miles from tribal reservations.

Read the full story on iGB North America.