Bingo NEWS

Today’s BIS SiGMA Americas conference featured a panel discussion with distinguished experts who have made significant strides in the video bingo market. The panellists included Fabiola Jaeger, CEO of Caleta Gaming, Mariana Tostes, Head of Operations at FBMDS, Sebastian Perrier, Co-Founder of Neko Games, and Helen Zuñiga from Betmotion. Each brought a wealth of experience, unique insights, and proven strategies to the table.

The discussion revolved around ‘Successful Strategies, Insights, and Challenges in the Video Bingo Market’. Being at the forefront of this expanding sector, the panellists shared their experiences and strategies for navigating the challenges and capitalizing on the opportunities ahead.

The conversation provided a comprehensive overview of success strategies in the video bingo market, from understanding player preferences to adapting to regulatory and technological changes.

Video Bingo has evolved from a simple game of chance into a comprehensive experience for players worldwide. While the fundamental gameplay of marking numbers on a card remains, Video Bingo has undergone substantial changes. Traditional paper cards and physical bingo rooms have given way to captivating graphics, engaging gameplay mechanics, and exciting bonus features. This transformation has made Video Bingo a popular online gaming choice, attracting a large number of players. The immersive and interactive experience of Video Bingo, beyond the potential for winning, is a crucial factor in its success.

In the global Video Bingo market, Brazil’s significant influence cannot be ignored. With its enthusiastic player base and favourable regulatory environment, Brazil emerges as a major player in the industry. The Brazilian market has seen exponential growth in recent years, driven by increased internet penetration, rising incomes, and a growing appetite for online entertainment. These factors have collectively contributed to the expansion and popularity of Video Bingo in Brazil.

The panellists offered valuable insights into this dynamic industry. Fabiola Jaeger, CEO of Caleta Gaming, a company that provides a comprehensive gaming platform and supports game integration from other companies, said that the video bingo vertical gained significant recognition. This success earned the company the title of Best Video Bingo Supplier at the SAGSE Ranking in March. She emphasized that it’s not just about creating better games, but also about developing tools like GP5, a gaming engine that optimizes the development process.

The rapidly evolving Video Bingo market offers abundant opportunities for growth and expansion. However, these opportunities come with their own set of challenges that operators must navigate to achieve success. Key challenges include regulatory complexities, technological advancements, and shifting player preferences. These factors present a complex landscape for operators in the Video Bingo market.

Despite these challenges, operators can unlock significant opportunities with the right strategies and a deep understanding of the iGaming market dynamics. By staying ahead of the curve and adapting to the changing environment, operators can position themselves for long-term success in the Video Bingo market. Balancing the management of challenges and seizing opportunities is the key to thriving in the iGaming industry.

Philippine gaming giant DigiPlus Interactive Corp (DigiPlus) has recorded Php 4.1 billion (€67.1 million) in net income in 2023, signifying an extraordinary 596 percent surge from the preceding year.   

This remarkable feat contrasts starkly with the company's modest net income of PHP 686.8 million (€11.2 million) in 2022 and the challenging net loss of PHP 894 million (€14.6 million) endured during the pandemic-ridden year of 2021.  

The company has attributed over 90 percent of its total revenue to its diverse gaming portfolio, which includes traditional onsite bingo operations, BingoPlus platform, and various e-games.   

The surge in revenue during 2023 was primarily fuelled by the widespread engagement of millions of Filipinos in bingo, both in physical parlours and through online channels.  

DigiPlus revealed that its earnings skyrocketed by 306 percent to reach Php 27.3 billion in 2023, largely propelled by heightened user traffic on its flagship bingo platform, BingoPlus, and the sportsbook ArenaPlus.   

This surge was further augmented by the introduction of new digital offerings, marking a significant expansion in the company's gaming repertoire.  

The pioneering efforts of DigiPlus' subsidiary, AB Leisure Exponent Incorporated, in introducing bingo gaming to the Philippines have been instrumental in the company's success.   

Launched in January 2022, BingoPlus, also known as bingoplus.com, has amassed an impressive user base of 20 million registered users within four years of its inception.  

The platform holds an exclusive license from the state-owned Philippine Amusement and Gaming Corporation (PAGCOR).  

Asserting its dominance in the digital bingo market, DigiPlus claims a commanding 31 percent share.   

In March, the FTSE Global Equity Index Series DigiPlus Interactive Corp. in its Micro Cap Category.   

In a statement, DigiPlus said that this move highlights the company's growing significance in the digital technology sector.   

The Ministry of Public Security of China revealed on Wednesday that more than 800 Chinese citizens involved in online gambling and telecommunications fraud have been returned from Myanmar. 

This repatriation marks the culmination of extensive collaborative efforts spanning a year between law enforcement agencies from China, Thailand, and Myanmar, all committed to thwarting cross-border telecom fraud and online gambling activities. 

In a press statement, the ministry emphasized its dedication to bolstering international cooperation in law enforcement to effectively combat such transnational crimes.  

It added that this commitment aligns with China's broader strategy to relentlessly crackdown on offenses of this nature. 

In a proactive stance against gambling-related crimes, China, Thailand, Myanmar, and Laos initiated a joint operation last August, targeting not only gambling but also fraud, human trafficking, kidnapping, and unlawful detention. 

Moreover, earlier this year, Myanmar authorities handed over six individuals suspected to be key operatives in a cyber scam fraud syndicate and four other significant crime suspects to Chinese public security authorities, further underscoring the ongoing efforts to combat such illicit activities. 

In February, a joint operation with Thai authorities, military police in Myanmar raided a venue in Tachileik, a town situated along the Thai-Myanmar border, resulting in the arrest of 689 individuals allegedly involved in illegal online gambling.  

Local media reports indicate that the raid focused on a compound near or at the 1G1-7 Hotel, leading to the apprehension of 540 locals, 148 Thai nationals, and one Chinese suspect. 

According to the report, the operation, which saw the confiscation of 400 computers, 270 smartphones, 170 motorbikes, and 10 cars, underscores the significant crackdown on illicit gambling activities in the region.

In a strategic move to enhance its gaming content offerings, multinational lottery operator , headquartered in Switzerland, has unveiled a cutting-edge collaboration with Instant Win Gaming (IWG). The partnership is set to boost Allwyn's gaming portfolio by tapping into IWG's extensive experience as a global supplier of online instant win games for lotteries, particularly establishing a strong presence in 25 national and state lotteries worldwide, with a notable focus on North America.

Allwyn's collaboration with IWG is not merely a business alliance but a concerted effort to harness IWG's expertise in the online instant win games sector. The collaboration will entail close cooperation with IWG's co-founders, Rhydian Fisher and Simon Bucknall, in order to identify and capitalize on new opportunities in this burgeoning gaming niche.

Allwyn's Chief Information Officer, Stepan Dlouhy, expressed enthusiasm about the collaboration, highlighting its potential to elevate the overall gaming experience for players across international markets. Dlouhy affirmed that the partnership with IWG is instrumental in realizing Allwyn's ambition to be the operator of choice, emphasizing the value brought by Fisher and Bucknall's wealth of sector knowledge and creativity.

IWG's CEO, Rhydian Fisher, echoed the sentiment, expressing excitement about the partnership and its potential to take IWG's success to new heights. Fisher acknowledged the synergies between Allwyn's deep understanding of the lottery consumer and IWG's innovative game development team, envisioning immediate and significant value for existing partners, along with the creation of new opportunities.

Underpinning this collaboration is a significant investment structure, with Allwyn acquiring a substantial 70 percent stake in IWG. The financial resources for this venture will be drawn from Allwyn's existing assets, positioning the multinational lottery operator as the majority stakeholder in IWG. The investment is slated for closure in the latter half of 2024, subject to customary closing conditions.

This collaboration marks another milestone for Allwyn, following its recent success in securing the Fourth National Lottery Licence. The alliance with IWG underscores Allwyn's commitment to staying at the forefront of the gaming industry and providing unparalleled user experiences.

Additionally, this development follows a notable collaboration between the British Columbia Lottery Corporation (BCLC) and IWG in October 2023, resulting in the launch of 'Set for Life' on PlayNow.com. These collective efforts signify the dynamic and innovative strides being taken in the evolving landscape of online gaming and lottery experiences.

Highlight Games Limited, a London-based company specializing in video virtuals and instant win games, has forged a strategic partnership with the Azerbaijan National Lottery.

The company has announced that its collaboration with Azerlotereya OJSC marks a significant expansion of its global footprint.

This move follows the successful affiliation of Highlight Games Limited with Sisal Sans and the Turkish National Lottery. Their video virtual sports products have achieved record turnover since their launch, demonstrating the potential of this innovative gaming format.

The partnership with Azerlotereya OJSC aims to replicate the company’s successful model in Azerbaijan. Highlight Games Limited’s exclusive suite of content will soon be available both online and in retail locations across the country, marking a significant step in the company’s international expansion strategy.

Steven Holmes, the Chief Executive Officer for Highlight Games Limited, expressed his enthusiasm about the new partnership. “I’m delighted to announce this transformative deal for Highlight Games Limited with another national lottery,” he said. “The success of our partnership with Sisal Sans and Demiroren Holdings in Turkey perfectly positions us to replicate that winning formula with Azerlotereya OJSC. I look forward to launching our exclusive content in this new territory soon.”

This partnership represents a significant opportunity for both Highlight Games Limited and Azerlotereya OJSC.

For Highlight Games, it’s an opportunity to introduce its innovative gaming solutions to a new market. For Azerlotereya, it’s a chance to offer its customers a fresh and exciting gaming experience.

As the gaming industry continues to evolve, partnerships like these are likely to become increasingly common. Companies that can successfully navigate this changing landscape and form strategic alliances will be well-positioned to thrive in the years to come. This partnership between Highlight Games Limited and Azerlotereya OJSC is a prime example of this trend in action.

In the coming months, customers in Azerbaijan can look forward to experiencing the unique gaming experiences that Highlight Games Limited’s products have to offer. It’s an exciting time for both companies and for the gaming industry as a whole.

The gaming industry in Azerbaijan has been gaining momentum over the past few years. The market is poised for significant growth, with revenue in the Video Games market projected to reach a staggering US$ 94.65 million by the year 2024. The largest market segment within the Video Games industry is Mobile Games, which is projected to have a market volume of an impressive US$ 52.03 million this year.

The Gaming Equipment market in Azerbaijan is also projected to generate revenue of US$8.9 million in 2024. The demand for gaming equipment in Azerbaijan has surged in recent years, fueled by the country’s growing gaming community and increasing disposable income.

One of the key players in the Azerbaijan gaming industry is Highlight Games Limited, which recently entered into a strategic partnership with the Azerbaijan National Lottery company, Azerlotereya OJSC. This partnership aims to bring their innovative gaming solutions to the Azerbaijani market.

In the esports sector, Team Azerbaijan and Karabakh Horses are notable teams. These teams have participated in various tournaments, contributing to the growth and recognition of esports in Azerbaijan.

Overall, the gaming industry in Azerbaijan is experiencing rapid growth and development, with both local and international companies playing significant roles.

Hilton will launch its third opulent property on the sun-kissed shores on the once-tranquil and low-key Emirate of Ras Al Khaimah.

After the , luxury operators and prestigious hotel groups have been flocking to the Emirate of Ras Al Khaimah, that is only an hour's drive away from Dubai.

The new Hilton will be the latest entrant on Al Marjan Island, a location that is expected to be synomomous with integrated casino resorts, a confident bet by the hotel operator on the success of the future 'gaming state'.

AED500m investment sets the stage

The resort will be situated on Ras Al Khaimah's Al Marjan Island, The AED500 million project, which shows Hilton's commitment to properties in prestigious locations, promises to be a fusion of contemporary design and unmatched hospitality.

The upcoming 5-star hotel, a brainchild of the renowned architectural firm JT+Partners, boasts a grand total of 410 keys, encompassing 350 meticulously designed hotel rooms and 60 exclusive residences. Among its standout features is the highest 360-degree sky pool in the Northern Emirates, promising guests an unparalleled panoramic view of the stunning surroundings.

This hospitality project is not just about accommodation; it's a complete experience. The property will house an executive lounge, a state-of-the-art convention centre, and three exquisite F&B outlets, providing an array of culinary delights to cater to every palate. For those seeking relaxation and recreation, the hotel offers a suite of world-class facilities to indulge in.

Attraction for investors

Architect Abdulla Al Abdouli, the Chief Executive Officer of Marjan, expressed enthusiasm about the project, stating, "The latest Hilton property will usher in a new era of luxury living on Ras Al Khaimah’s Al Marjan Island as the enduring appeal of waterfront living continues to attract local, regional, and global investors to our flagship development."

The investment of half a billion dirhams in this Hilton-operated flagship will set new standards in hospitality in Ras Al Khaimah. Architect Abdulla Al Abdouli believes that the property will not only elevate the lifestyles of discerning clientele but also reinforce Ras Al Khaimah's position as a leading international tourism, business, and investment destination.

As Hilton adds another state-of-the-art property to Al Marjan Island, the anticipation builds for the grand launch of this exceptional project.

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Gaming Innovation Group (GiG) has made a significant move in its quest for growth by appointing Andrew Cochrane, a former executive from SBTech and DraftKings, as its new Chief Business Officer (CBO) for Platform & Sportsbook.

This announcement confirms GiG's ambitious expansion plans and commitment to staying at the forefront of the gaming industry.

Andrew Cochrane is a well-regarded figure within the gaming sector, known for his ability to drive commercial success. He played a pivotal role in SBTech's remarkable revenue growth and helped establish DraftKings as a dominant force in the US market. His expertise in customer relations, particularly with tier-1 and lottery operators, is widely recognized, and he has personally led the charge on numerous high-profile contracts that fueled revenue growth in both emerging and established regulated markets.

Teaming up with GiG's recently appointed CEO for Platform & Sportsbook, Richard Carter, for the second time, Cochrane and Carter aim to fuel GiG's innovative product suite with new partnerships in burgeoning global markets. Their goal is to solidify GiG's position as a market leader for turnkey solutions."

Former SBTech and DraftKings xxecutive to lead ambitious growth plans

In his role as CBO, Andrew Cochrane will be responsible for implementing GiG's commercial strategies across its comprehensive range of award-winning iGaming platforms, sportsbooks, and AI-powered solutions. This includes overseeing business development, marketing, partnerships, and corporate development. Initially, Cochrane will focus on attracting top talent to GiG to unlock the vast potential in the global markets that the company serves.

GiG's innovative AI-driven technology stack currently powers more than 60 brands in some of the world's most complex markets, earning accolades from industry insiders. The company's momentum has been further bolstered by its recent recognition at the 2023 EGR Global B2B awards, where it received accolades for its "Full Service Platform" and "Multi-Channel Supplier" offerings.

Richard Carter, CEO for Platform & Sportsbook at GiG, expressed his excitement about the new appointment, stating, "Having collaborated with him in previous endeavors, I am delighted that we have Andrew onboard to help propel our commercial efforts to unprecedented heights. His previous record speaks for itself, and the appointment marks a significant coup for the business, helping us to realize the enormous potential we have here at GiG."

Andrew Cochrane, the newly appointed Chief Business Officer, also shared his enthusiasm, saying, "This is an extremely exciting time to be joining GiG. I have already been highly impressed with the ambitious plans in place and its capacity for raising the bar, building innovative and best-in-class solutions. Having been part of teams that have delivered significant results within online gaming, and with the promise of further investment to continue to strengthen our offering, I have similar optimism for success at GiG. We're on the cusp of delivering something really special, so you can expect to hear a lot more about us in the coming months."

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