Monthly Archive February 28, 2022

EveryMatrix reports strong 2021 results, EBITDA growing 65% to €19.7m

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EveryMatrix has released its 2021 financial results covering the company’s performance for Q4 and the full year of 2021.

B2B iGaming technology provider EveryMatrix has released its 2021 financial results covering the company’s performance for Q4 and the full year of 2021.

EveryMatrix shows strong growth in 2021 powered by past product investments. The company has successfully launched new client brands, expanded its footprint with tier 1 operators and made key progress in the U.S. market. Continued hiring and investment in development have taken place throughout the pandemic.

Strong financial performance
The newly released report shows gross profit, gross revenue less direct costs to e.g., game suppliers, at €13.9m in Q4 2021, an increase of 26 per cent compared to the same period last year. For the full year of 2021, gross profit increased by 32 per cent YoY to €51.5m.

The EBIDTA also shows strong development and amounted to €4.4m, an increase of 23 per cent compared to the same period last year. For the full year of 2021, EBITDA increased by 65 per cent YoY to €19.7m.

Ebbe Groes, Group CEO of EveryMatrix, says: “I am delighted to report excellent results for the fourth quarter and 2021 as a whole in terms of strong gross profit and EBIDTA growth, onboarding of new clients, and deals signed. We delivered this result despite the regulatory changes in Germany which have impacted the Casino segment significantly. This achievement proves the positive effect of the bold leap EveryMatrix took when investing heavily in product and technology. It has given us a strong, diverse and competitive product offering and the ability to attract new clients.”

U.S. market expansion
EveryMatrix continues to invest in the highly attractive regulated U.S market and has made key progress in Q4. After fulfilling the license requirements in New Jersey, license applications were submitted in Q4 in West Virginia and Michigan, with more fillings to happen soon in the U.S. and in Canada. Several new distribution and partner agreements were signed, including a games contract with Golden Nugget Online Gaming.

Key milestones in Q4
OddsMatrix surpassed EUR 100 million total placed bets in each month of the quarter, almost double compared to Q4 2020.
10 game vendors integrations with CasinoEngine completed.
SlotMatrix RGS live with 9 partners end of Q4, including EveryMatrix’s own Spearhead and Armadillo Studios.
SlotMatrix RGS available in 15 regulated markets by the end of Q4.
18 games launched on SlotMatrix RGS, including three by Spearhead Studios.
13 payment integrations resulting in 80+ payment integrations in total.
Ongoing product enhancement and new key signings
EveryMatrix’s footprint with tier 1 operators is expanding at a good pace and in Q4 agreements were signed with four new clients, all of them in markets outside Europe: the U.S., Latin America, and Africa, leading to a total of eight new tier 1 operators in 2021.

Eight turnkey projects with new client brands were launched in the quarter. This adds up to 19 turnkey launches for the full year, including launches with brands in the regulated markets in Denmark, Cyprus, Greece, Malta, Romania, Mexico and Africa.

“The number of active leads, client launches, and new product launches makes me confident about our prospects and further demonstrates the momentum with EveryMatrix’s innovative product offering and highly scalable and modular software platform”, concludes Ebbe Groes.

Read also the news from HERE.

Paysafe partners with Hard Rock Online Casino New Jersey

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Paysafe (NYSE: PSFE), a leading specialized payments platform, today announced a partnership to provide online credit and debit card payment processing for the Hard Rock Online Casino New Jersey mobile app.

Through Hard Rock Online Casino New Jersey’s streamlined integration with Paysafe’s own best-in-breed payment gateway, the iGaming payments specialist with 20+ years’ global experience is now processing New Jersey players’ card deposits. Whether a bettor wants to wager on major sporting events or enjoy the online casino’s suite of branded and original slots, table games and live dealer titles, they can fund their player account in seconds using their credit or debit card, with the transaction processed seamlessly and securely by Paysafe.

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The partnership covers the complete payments journey for New Jersey players. Through Paysafe’s connection to third-party warranty ACH services, Hard Rock Online Casino New Jersey customers can get real-time access to their winnings through their registered bank account.

“We’re thrilled with the product performance and incredible service that Paysafe has provided for the Hard Rock Online Casino New Jersey mobile app,” said Matt Primeaux, Executive Managing Director and President of Hard Rock Digital. “Paysafe has been a great partner and we continue to explore ways to further incorporate their payment solutions into Hard Rock Digital’s suite of products as we expand into new markets.”

Zak Cutler, CEO of North America iGaming at Paysafe, commented: “We’re proud to partner with Hard Rock Digital to facilitate online payments for its iGaming and sports-betting brand as well as its customers in New Jersey. We hope to continue to grow our relationship with Hard Rock and its brands in the future.”

Read also the news from HERE.

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2027 Online Gambling Market forecast with Trends, Growth, and Forecasts made by ResearchAndMarket.com.

Last year, the online gambling market’s value reached over 72 billion USD. The industry has been experiencing significant growth over the last few years. This was especially the case since the pandemic. With so many people around the world doing physical distancing by staying at home, many had to find new hobbies or ways to entertain themselves. A lot of people turned to gaming including playing real money games.

The Best USA Online Casino to play real money games on did experience surges on new users since the pandemic began. Since then, the industry continued to gain more popularity. Even now that the pandemic is starting to wade, the online gambling industry continues to grow significantly.

ResearchAndMarket.com has recently released a forecast on how the online gambling sector would perform in the next few years. According to this report, the market would reach a value of over 131 billion US by 2027 with a CAGR of 9.96% from this year until 2027.

What Pushes the Industry’s Growth?

There are multiple factors that are affecting the industry’s growth including rapid urbanization and the increasing penetration of the internet worldwide. Aside from these, online gambling is becoming less of a taboo subject since more governments are starting to regulate it. With that, more people are starting to be more welcoming about the idea of gambling online.

Technological advancements like the use of blockchain tools are also a driver. While Bitcoin casinos have been around for a while now, people have only recently started to realize what they can do with cryptocurrencies. Before 2020 ended, Bitcoin has reached another all-time high since 2017 and because of this, cryptocurrencies were hyped up. More businesses started to adopt the use of crypto as a payment solution including businesses in the gambling sector.

If back then, crypto gambling sites are scarce, today, most USA Online Casino Sites would accept crypto payments including Bitcoin and other altcoins like Ethereum, Bitcoin Cash, Binance Coin, Cardano, and many more. Some crypto casinos would even have their own currencies and people are there for it. With the popularity of cryptocurrency gambling today, there is a big chance that it will be the future of online gambling.

There is also the pandemic that impacted how people would play casino games. In 2020, many land casinos around the world had to temporarily shut their operations to adhere to government-mandated lockdowns. Casino regulars then turned to online casino gaming and even the ones who have never gambled before also joined in.

Key Market Segmentation

When it comes to how people are gambling, ResearchAndMarket.com found that the most popular online activities are sports betting, eSports betting, casino gaming, and live casino gaming. Some of the regions where online gambling is popular are the following:
North America
The United Kingdom
The United States
Canada
The Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Here are some of the businesses that are leading in the online gambling segment today:
888 Holdings PLC
Bet365 Group Ltd.
Betsson AB
GVC Holding PLC.
LeoVegas AB

Why Are People Gambling Online Anyway?

Aside from the drivers mentioned above regarding the industry’s growth, people also have other reasons for choosing to gamble online instead. Convenience plays a big role in this transition. Thanks to online casinos, players can access any game at any given time and place as long as they can connect to the internet.

It’s also easier to jump from one casino to another if players are online. Because of this, the sky’s the limit when it comes to gaming options. Some online casinos would offer as much as 3000 games to their customers. Along with generous promos and bonuses that are hard to resist.

The thing about online casinos is that they can afford to reward their players so much since they don’t need to run a whole establishment. This is why as soon as players log in to a casino, they are welcomed with numerous bonus offers seems too good to be true. However, these are all legit bonuses that anyone can take advantage of.

Online gambling sites have also ensured that they offer the best payment solutions to make transactions with their customers a breeze. This is also where the use of cryptocurrencies comes in handy. Many gamblers also enjoy the privacy that they can get from gambling online and cryptos can take it to another level. Anonymous online casinos are there because of cryptocurrencies. Players can now make their transactions anonymously, which is advantageous to them.

Read also the news from HERE.

Money Laundering Risks through iGaming Transactions –

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Money Laundering Risks through iGaming Transactions

Alexandru Petrescu
Senior Vice President,
Big Cyber Defense

BIG Cyber – The Managed Security Service Provider (MSSP) for the Gaming industry.

iGamimg and Video-game-related crime is almost as old as the digital industry itself. Recent trends prove just how attractive the gaming community has become for cybercriminals and how lucrative the game-hacking business is becoming, which underlines the importance for developers, manufacturers and gamers alike to take game security more seriously.

Payments, online gaming and cybercrime are more connected than we might think. We explore how online games are becoming the new hunting ground for cybercriminals looking to earn and learn.

There are two lines of thought with criminals and online video games. One is that these connected platforms offer easier opportunities to attack, compromise and steal data. The other, a relatively new theory, is that these games, accessible through the internet, are themselves becoming a breeding ground for cybercrime.

Cybercriminals essentially see online games as a way of making money – either by stealing and selling data, or convincing the user to hand over their bank details. But while trojans, viruses and, increasingly, ransomware are used to target and steal money from individual gamers, a far bigger problem for the authorities is arguably money laundering.

Cybercriminals are increasingly using online gaming and micro-payments to launder money. With what seems like new technological advances developing daily, cybercrimes are becoming more and more common, with little to no policing in place sometimes. There are many issues faced when it comes to these new methods to commit cybercrime. With the influx of new technology, these issues will create new and possibly more efficient means to launder money.

About personalizing Responsible Gaming (II) messages –

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About personalizing Responsible Gaming messages (II)

By Dan Iliovici, Vicepresident, ROMBET

(continued from previous issue)

In this year’s first issue of Casino Life & Business Magazine, we began presenting the study●1 “Responsible Gaming Message Personalization Strategies”, with the hope that it can be a good source of inspiration for regulators, operators and those directly involved. in the creation and transmission of such messages.
Thus, as I said at the end of the previous article, in order to determine the effectiveness of responsible gaming messages, the study authors analyzed the type of content used, how they are framed, if and to what extent the messages cause players to get involved, by applying those tips and messages to their case.

The content of the message
“The important elements of communication with the consumer include the language, tone and content of the message. The content of the message refers to the simplicity, clarity and understanding of the words that communicate the appropriate level of danger, consequences and / or actions to avoid injury. The type of language used in warning messages can have different impacts on individuals, depending on the culture, emotional state, level of gambling problem, and consumer self-esteem.”

Further analysis of the content of Responsible Gaming (JR) messages states:
“JR messages often inform players about the odds of winning and how the results are determined. These messages are based on the use of warnings for alcohol and tobacco products, informing consumers of the risks associated with excessive or inappropriate use. (…)
It has been hypothesized that if players understood the games and the odds of winning, they would be able to make informed decisions about their involvement. Empirical research suggests (however) that effectively communicating information does not constantly change irrational beliefs or erroneous estimates of chances of winning.
The failure of this information to change behavior is likely due to cognitive biases that allow players to understand the low odds of winning, but I still think they may have a chance of winning. Even when informational messages are accurately remembered, respondents still believe that their chances of winning are greater than the information contained in the messages and do not change their behavior. While informational messages can correct irrational beliefs, there is a limited empirical understanding of how such messages can impact gambling behavior.”

rombet

In a free translation, it seems that in vain we tell the players how much the chances of winning are, in fact, extremely small (eg the Loto 6/49 grand prize), irrational beliefs and thoughts being stronger than any rational argument. Not to mention how the winning percentages for different types of gambling are presented, the so-called RTP (Return to Player). Nobody seems interested in explaining that a 95% RTP does not mean that if a player intends to “put” 100 lei in the devices, after having fun/playing for a while, he will go home with 95 lei, for sure.

Here I would mention one more fact, a marketing practice quite common in our country, unfortunately. I often see commercials where winnings or prizes are presented as GUARANTEED!
Guaranteed, in the mind of an ordinary person, can mean that winning that prize is safe, someone (the organizer) offering the guarantee that it will be so.
GARANTÁT, -Ă, garantați, -te, adj. (About goods) whose value, quality, operation, etc. are insured by the seller of the goods. ♦ (Adverbial; fam.) Sure, no doubt. “I guarantee it.”●2
No comment!

Frame the message
“Perspective Theory●3 suggests that people behave differently when messages are framed as either gains or losses. Positive messages, or framed as a gain, focus on the benefits of improving a certain behavior, while negative messages, or framed as a loss, contain information about the harmful consequences and dangers of risky behaviors.
Although educating consumers about the risks of a product is related to informed choice, research on attitudes and persuasion suggests that focusing on negative impacts is too narrow, and a study on gambling limitation has shown that feedback on breaking a limit did not lead to a deliberate reduction in the game.
Messages are more persuasive if they promote positive attitudes and if the identified behaviors are mutually exclusive (for example, setting deposit limits vs. not having limits).
It has been found that the use of positive message framing has a greater impact than negative framing. For example, research in neuroimaging has found that framed messages of gain are more effective in improving risky choice behaviors than framed messages of loss among people with substance use disorders. When a behavior is presented as a choice, positive messages are more effective than negative messages. The public tends to respond more enthusiastically to the positive things they can do to prevent health problems, and research in many areas of public health suggests that positive messages are more effective than lossy messages when they support behavior. health prevention.”

In the next issue of Casino Life & Business Magazine we will continue the presentation of this interesting academic study●4.

———————————————————
●1 Gainsbury, S.M., Abarbanel, B.L.L., Philander, K.S. et al. Strategies to customize responsible gambling messages: a review and focus group study. BMC Public Health 18, 1381 (2018). https://doi.org/10.1186/s12889-018-6281-0
●2 According to DEXonline.ro
●3 Original Prospect theory – see definition of Investopedia, https://www.investopedia.com/terms/p/prospecttheory.asp
●4 This article is distributed under the terms of the Creative Commons Attribution 4.0 International License
http://creativecommons.org/licenses/by/4.0/

Alfastreet cancelled its attendance at ICE London 2022

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Alfastreet decided to withdraw from ICE 2022 due to the situation caused by Covid and numerous other cancellations by international show exhibitors.

Alfastreet has confirmed it will not be exhibiting at the forthcoming ICE 2022 show being held in April.

Alfastreet has been exhibiting at the ICE London show for more than 28 consecutive years, and they were positive that they’ll attend the show until the middle of January 2022. The decision was as difficult as logical for the company, which looks forward positively for the upcoming second half of the year.

They are hoping that the G2E Las Vegas show will happen in normal conditions and have higher attendance than the previous season, especially because many customers may still experience difficulties traveling.

The 2022 Las Vegas show could be the perfect opportunity to meet again with all the partners and operators, before the next ICE.

The plans of launching new products are still in full swing and the decision to skip the show will not stop Alfastreet from unveiling the novelties that were studied and developed during the epidemic.

Several private events with product presentations are planned in the upcoming months in different countries all over the world, where customers will have a chance to meet with the Alfastreet sales team and distributors on their own locations.

Nika Pockaj, Marketing Manager commented on the last events: “We are very sorry and frustrated that we have to skip this year’s ICE London show, especially because everything was already planned and organized from our side.
Unfortunately, the situation is what it is, and we need to distribute our resources wisely. We’ll modify our plans and make new arrangements for novelties presentation on our distribution locations, where we’ll meet and greet our customers as well.
We stay optimistic for the future and we believe that ICE London 2023 will be one of the best gaming shows in our history. We really look forward to getting back to our normal lives and to unveil our further plans for the next edition of ICE.”

Read also the news from HERE.

ROMBET the most representative association –

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ROMBET the most representative association on the Romanian gambling market

Dan Alexandru Ghiță, Executive President, ROMBET

The Gambling Organizers’ Asociation – ROMBET has become, during a period of intense activity, marked by internal and international events, partnerships, seminars and direct interactions with the representatives of the industry, the most representative. association in the field of gambling in Romania, with more than 60 national and international members. 

The categories of companies that have chosen to become ROMBET members are from the following areas:
– Traditional operators of slot machines, from large companies – several thousand slots operated – to medium and small companies;
– Traditional operators of fixed-odds betting;
– Online games operators
– Online gaming platform developing companies;
– Companies that develop slot machine software, online and virtual games;
– Companies specialized in technical certifications, both in the on-line environment as well as in the traditional one;
– Companies that offer payment processing services for the online market;
– Companies providing software for interconnecting slot machines for the offline environment;
– Slot machines and AWP manufacturers.
 
ROMBET has contribute to the consolidation of the environment
business from industry, with a special concern given to the collaboration with the National Gambling Office – NGO – and the development of programs in the area of ​​Responsible Gaming. The ROMBET representatives are in permanent contact with the legislative and executive environment, with the local and central authorities: we intervene whenever the situation imposes it to stop certain initiatives that would harm industry, or to correct situations of non-enforcement  in the unitary way.
The ROMBET association is extremely active internationally, having the most constant presence at international events, giving its members and the entire Romanian industry more representativenes. 

During all these years ROMBET attended as a delegate or partner the following live and online events: ICE Totally Gaming – London, EGR – Prague, CEEGC – Budapest, SBC Betting on Sports – London, BEGE and EEGS – Sofia, Prague Gam Summit – Prague, VIGE – Vienna, Mare Balticum Ga- ming Summit – Vilnius, iGB Live – Amsterdam, SIGMA – Malta, WrB – London and many more.

rombet

“ROMBET will intensify the efforts to represent the interests of the Romanian gambling industry at national and international level, in the context of pandemic, which tested the entire economy, and especially the landbased gambling operators. 
In addition, we have clear signs that many Romanian companies will start an expansion process in various countries in Europe, following the model of one of the largest members of the association.
Locally, we are convinced that the association will continue to grow – our current and future members are the ones around which we build our strategies. It is obvious that the market has matured, the competition has strengthened all aspects of the business, and the relationship with authority – either directly, at the level of NGO, or at a wider, legislative and executive level – will tend this year towards normalization.
Our association will continue to be an active pole of action and influence and we will try to permanently change the sentiment in the industry, from an almost defensive one to a leadership one, characteristic of the new global business environment .
 We will always support through dialogue a modern approach to the field, which must evolve naturally at the same pace as technology and all the requirements of the society in which we live.  We are campaigning for a transparent, balanced legislative framework, which offers a fair competitive evolution and at the same time does not create possible situations of double standard or abuses.”, said Mr. Dan Ghita, Executive President with ROMBET.

INTERNATIONAL DATA PROTECTION DAY –

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INTERNATIONAL DATA PROTECTION DAY
– JANUARY 28, 2022 –

By Mugurel Olariu, RPD protectie date

January 28th is a special day, not only for the Council of Europe, but for the entire global data protection community, and especially for every person protected by this essential right.

Thus, Data Protection Day is celebrated on 28 January 2022 by the Member States of the Council of Europe.

At the same time, we are celebrating the 41st anniversary of Convention 108, which was opened for signature on January 28, 1981, a document that has influenced and shaped the protection of privacy and data protection worldwide. Its upgraded version (known as Convention 108+) continues to do so.

Convention 108 remains, to date, the only legally binding international instrument on universal data protection as a field, making it the “Global Convention on Data Protection”. Convention 108 may not be known to the general public and the billions of people it protects (55 countries in Africa, Latin America and Europe have ratified or acceded to Convention 108, implementing it on a daily basis), but its role has been crucial in improving our protection.

At national level, Law no. 290/2021 was adopted, published in the Official Gazette. no.1171 / 10.12.2021, which ratified the Protocol, adopted in Strasbourg on October 10, 2018, signed by Romania on June 26, 2020, amending the Convention for the Protection of Individuals against Automatic Processing of Personal Data, adopted on Strasbourg, 28 January 1981.

Data protection issues, including their cross-border dimension, are extremely present in our daily lives – at work, in our dealings with public authorities, in the field of health, when buying goods or services, when traveling in other countries or when surfing the internet.

The purpose of Data Protection Day is therefore to inform and educate the general public about their day-to-day rights, but it can also give data protection professionals the opportunity to meet with data subjects.

Data Protection Day should be a special occasion, a time for each of us to become familiar with a largely unknown but major facet of our daily lives.

The purpose of Data Protection Day is to give people everywhere a chance to understand what personal data is collected and processed about them and why and what their rights are with respect to such processing. They should also be aware of the risks inherent in and associated with the illegal management and unfair processing of their personal data.

The Council of Europe has organized the Conference on Convention 108+ as a global standard of confidentiality, building a free data transfer area while maintaining human dignity*1, and videos on Data Protection Day were made presented by Bjørn Berge, Under-Secretary-General of the Council of Europe, Didier Reynders, Commissioner for Justice, European Commission, Alessandra Pierucci, Chair of the 108th Committee of the Convention, Fiorella Salazar, Minister of Justice and Peace of Costa Rica and Drudeisha Madhub, Commissioner for data protection, T-PD member for the Republic of Mauritius.

At EU level, the working tool represented by the GDPR manages to impose standards with a high level of personal data protection.

► A video clip was made by the EU Specialized Body – European Data Protection Board*2, with the participation of the 31 representatives of their members, which promotes a message on the importance of data protection.

► At the national level – ANSPDCP, launched the Guide on the processing of personal data carried out by the owners’ associations*3 and posted the dedicated Brochure European Data Protection Day

As our lives become more active and our societies continue to harness the potential of the digital age, Convention 108+ is becoming increasingly important to each of us, ensuring humanity, dignity and integrity in an age of artificial intelligence and algorithmic decision-making, providing a common legal space at international level to facilitate data flows between countries.

We conclude that January 28 is the day that reminds us that new technologies, especially new artificial intelligence, must serve us in a way that respects human rights, especially the rights to the protection of privacy and personal data.

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1. https://www.coe.int/en/web/data -protection / conference-on-convention-108-as-the-global-privacy-standard-building-a-free-data-transfer-area-while-preserving-human-dignity
2. See https://edpb.europa.eu/news/news/2022/edpb-celebrates-data-protection-day_en
3. See https://www.dataprotection.ro/page=Comunicat_Presa_28_01_2022&lang=ro

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