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#bofcon2017 – Future Perspective – ‘Long road to finding out who will be the new betting industry champion’

first_img StumbleUpon OPTIMA: Taking an operator-led approach to R&D April 12, 2019 Sportradar: Embracing the “next generation” for collecting sports data May 8, 2019 Share Racing Post times Intellr launch around Betting on Football April 2, 2019 Related Articles Share Submit Opening the 2017 Betting on Football Conference (BOFCON) an expert panel debating ‘Future Market Challenges’, details that industry stakeholders are now facing a new reality following mass consolidation and a realignment of the sector’s major players.Simon French Senior Executive at Cenkos Securities states that ‘it is simply too early to judge the winners of market consolidation witnessed in 2015/16’. French points that the sector’s enlarged enterprises now face the realisation of changed market conditions as competitors look for effective scalability, omni-channel capabilities backed by costly player acquisition and marketing spend.Simon Davies Head of European Research at Canaccord Genuity points to new interesting dynamics witnessed between sector competitors. Whilst much attention was garnered by the mergers of Paddy Power Betfair and Ladbrokes Coral, Davies points to Sky Betting & Gaming as being the sector’s best ‘growth performer’, that can compete digitally without any corporate constraints.Assessing industry innovation Ed Birkin Director of Ignite Research, details that sector stakeholders are focused on ‘omni-channel’ gains for their retail assets combined with ‘deeper personalisation’ at a digital engagement level.Birkin notes that the industry will likely see a wholesale change in strategy to retail betting divisions, which moving forward may act as an ‘omin-channel’ acquisition point to bookmaker’s digital services, thus becoming another function of ‘operator marketing’.last_img read more

Israel government settles GBI Racing contract termination

first_img StumbleUpon Having implemented a federal ban on horseracing wagering, the government of Israel has settled its dispute with UK and Ireland racing content distributor GBI Racing.GBI Racing, the joint venture of broadcasters’ Racing UK and At The Races, will gain a compensation of 23 million Shekels (£4.9 million) for the termination of the contract with Israel Sports Betting Board (ISBB), which was set to run until August 2018.Since 2016, racing wagering has been under review by the Israel Finance Ministry, which has set out to diminish state-sanctioned betting/gambling services.In June 2017, Israel’s parliament announced that it would proceed to ban betting on racing. GBI officials would counter the abrupt termination of the ISBB contract, demanding circa £40 million in compensation for its initial claim.The Racing Post details that Israel had become a ‘top-five’ territory for GBI services with revenues believed to be around £4m a year. The content distributor had invested significant funds and resources tailoring systems and translating terminal content into the Hebrew language.Updating stakeholders, a GBI communication stated that the distributor felt that the contract compensation was a ‘fair settlement given the circumstances’.“The closure is a shame, given the giant strides GBI Racing has made in the four and a half years of trading in Israel. The country had no history of horseracing, no infrastructure to facilitate betting on horseracing, and had no real affiliation with a uniquely British product”. GiG ups code security oversight with Checkmarx July 10, 2020 Share Related Articles Share Richard FitzGerald steps down as RMG CEO August 6, 2020 Ian Hogg joins RPM Gaming as Chairman May 5, 2020 Submitlast_img read more