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Big Betting Brands to Build on New Revenue Streams in 2021

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Big Betting Brands to Build on New Revenue Streams in 2021

 

Rain, shine, regulation issues or pandemic, it seems nothing stops the UK sports betting industry from moving forward with new plans to evolve and find additional ways to turn a profit.

That being said, there’s no question that 2020 has been one of the more challenging years, even for the giants of the UK sportsbook sector. Beyond the lockdowns of physical betting shops as well as football and other major sports leagues shutting down for three months, regulation is always a concern. This is especially true when it comes to the protection of underage and problem gamblers.

For instance, recently, the Gambling Related Harm All-Party Parliamentary Group (APPG) called for a ban on gambling advertisements in the UK. The issue the APPG has isn’t specifically related to the ads themselves, but the serious negative effects they may have on individuals who are trying to distance themselves from the industry due to gambling-related problems, addiction or any other reason.

Still, even with the ongoing pandemic and the threat of tightening regulations, UK bookmakers, particularly the industry’s big bookies like BetFred, William Hill, Ladbrokes and Coral, to name a few, continue to push forward with the hopes of making 2021 a more profitable year than 2020.

Betfred Hopes to Make it Big in the US Betting Market

Taking a look at Betfred, this isn’t an operator that is keen to put all of its eggs into one basket and is quick to find new revenue streams whenever given the chance. For instance, it jumped on the mobile betting bandwagon years back when it became available and now the brand holds one of the most downloaded betting apps in the UK market. Meanwhile, Last year (2019), it entered the US betting market with big plans for its Betfred USA operations.

Even though Betfred USA had not yet launched online when everything shut down due to the pandemic, once Iowa casinos reopened and they launched in Colorado, the sport that has brought Betfred the biggest action in the US market has been MMA. While this certainly pales in comparison to the big US team sports such as the NFL, NBA and MLB, once these are back in full swing next year, the company expects to see an uptick in volume.

William Hill Intends to Merge its Retail and Online Businesses

William Hill is another big bookie making the news. William Hill is set to merge retail and online businesses according to a recent announcement made by the UK operator. Phil Walker, William Hill’s UK online managing director has announced that he will take over responsibility for the UK Single Market Division and will work alongside the head of the retail division, Nicola Frampton, during a six-month transition period before Frampton steps down.

The merger is William Hill’s new plan to overcome regulatory and economic obstacles, including the betting restrictions decision on FOBT in 2019, which resulted in the shuttering of 713 of its betting shops.

Ladbrokes and Coral Re-open Betting Shops

Wasting no time for the opportunity to welcome back profits from their physical betting shops, GVC announced the re-opening of its Ladbrokes and Coral betting shops in England back in June. Since 15 June, all 2,455 shops in England have opened their doors with the ease of the pandemic lockdown in the UK.


That said, new health and safety measures have been put into place to support social distancing and additional hand sanitizer stations. Moreover, there are pre-shop opening checks as well as clear guidance on maximum customer occupancy levels, which are based on the layout and size of each shop. GVC is gearing up to make the most of the remainder of 2020, readying to welcome in a more revenue rich 2021.

All in all, it will be interesting to see what other new steps UK bookies – big or small – will take to ensure that next year is a profitable one.

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Navigating the Challenges: The Impact of UKGC Regulations on UK Casino Affiliates

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The United Kingdom Gambling Commission (UKGC) has been instrumental in shaping the landscape of gambling in the UK, including the realm of online casinos and their affiliates. While the primary aim of UKGC regulations is to ensure safe and responsible gambling, these regulations have presented significant challenges for casino affiliates in the UK. This article explores how the UKGC’s regulations have affected UK casino affiliates, focusing on the experiences of platforms like Fruity Slots.

Stricter Advertising Guidelines

One of the key areas where UKGC regulations have impacted casino affiliates is in advertising. The UKGC has implemented stringent guidelines to ensure that gambling advertising is responsible and does not mislead or exploit vulnerable individuals. For casino affiliates, this means adhering to strict standards in terms of the content and presentation of promotional materials, which can limit the scope and creativity of marketing strategies.

Enhanced Due Diligence Requirements

The UKGC requires casino affiliates to conduct thorough due diligence to ensure that the casinos they promote are compliant with licensing requirements. This increased scrutiny means affiliates must invest more time and resources into vetting casinos, a process that can be both time-consuming and complex.

Responsibility in Promoting Safe Gambling

Casino affiliates are also required to promote safe gambling practices actively. This includes providing clear information on the risks associated with gambling, as well as links to resources for help and support. While promoting responsible gambling is crucial, it adds an additional layer of responsibility and complexity to the operations of casino affiliates.

The Challenge of Compliance

Keeping up with the constantly evolving UKGC regulations poses a significant challenge for casino affiliates. Compliance requires ongoing monitoring and adaptation, which can be resource-intensive. Affiliates must stay abreast of regulatory changes and adjust their operations accordingly, often necessitating legal expertise and increased operational costs.

Impact on Revenue Streams

The UKGC’s regulations have also impacted the revenue models of casino affiliates. With tighter controls and increased compliance costs, the profitability of affiliate marketing in the gambling sector has been affected. Affiliates must find a balance between compliance and commercial viability, which can be a delicate and challenging endeavour.

The Burden of Compliance and its Impact on Innovation

One significant impact of the UKGC’s stringent regulations on casino affiliates is the potential stifling of innovation. The need to remain compliant often requires affiliates to prioritise regulatory demands over creative marketing and innovative strategies. This focus can limit the ability of affiliates to experiment with new and engaging ways to attract and retain players, ultimately impacting the diversity and richness of the online gambling experience.

Increased Operational Costs

The stringent regulations set forth by the UKGC have led to increased operational costs for casino affiliates. Compliance requires not only a significant investment of time but also financial resources to ensure all aspects of the affiliate’s operation meet regulatory standards. These costs can be particularly burdensome for smaller affiliates, who may struggle to allocate the necessary resources towards compliance while maintaining profitability.

Enhanced Player Protection – A Double-Edged Sword

While the primary objective of UKGC regulations is to enhance player protection, this focus also presents a complex scenario for casino affiliates. On the one hand, these regulations help build a safer and more trustworthy online gambling environment, which can attract more players in the long run. On the other hand, the stringent rules can limit the ways affiliates interact with and engage players, potentially impacting the effectiveness of marketing campaigns and player acquisition strategies.

The Challenge of Maintaining Competitive Edge

In an industry as competitive as online gambling, maintaining a competitive edge is crucial for survival and growth. The UKGC’s regulations have created an environment where casino affiliates must continuously innovate within the confines of compliance to stay ahead. This necessity for balancing innovation with regulation demands a strategic approach and often requires affiliates to be more agile and adaptable in their operations.

Navigating the Evolving Regulatory Landscape

The regulatory landscape overseen by the UKGC is not static; it evolves in response to industry trends, technological advancements, and societal concerns. Casino affiliates, therefore, face the ongoing challenge of adapting to these changes. Keeping abreast of new regulations, understanding their implications, and implementing necessary changes in a timely manner are critical for continued operation and success in the UK market.

Fruity Slots: A Model of Compliance and Adaptation

In the midst of these challenges, Fruity Slots stands out as a model of compliance and adaptation. By continuously updating their practices in line with UKGC guidelines, they manage to offer a comprehensive platform that recommends slots and the best UK lottery sites, keeping the player’s safety and enjoyment at the forefront. Their ability to adapt and evolve in this regulated environment is commendable and serves as a benchmark for other casino affiliates in the industry.

The impact of UKGC regulations on UK casino affiliates is profound, encompassing increased compliance burdens, higher operational costs, and the challenge of maintaining innovation and competitiveness. Despite these hurdles, affiliates like Fruity Slots demonstrate that it is possible to navigate this complex landscape successfully. Their commitment to compliance, coupled with a focus on player safety and satisfaction, ensures that they continue to provide valuable services to both casinos and players in the UK gambling market.

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Boomerang Media is the Best PPC Affiliate at SiGMA Europe Awards 2023

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Boomerang Media is the Best PPC Affiliate at SiGMA Europe Awards 2023

 

Boomerang Media claimed “The Best PPC Affiliate” nominee at the recent SiGMA Europe Awards 2023, reinforcing its position as an industry leader

Boomerang Media, part of Boomerang Partners, won “The Best PPC Affiliate” at the SiGMA Europe Awards 2023, demonstrating its competitive strength among top industry players. The award ceremony was held on the opening day of the SiGMA Europe Malta event on November 14. Boomerang Media was honored after an open vote and jury decision, beating out fellow nominees Identi and RevenueLab.

“We are thrilled to have secured this prestigious SiGMA Europe award this year,” said Vitalii Prokofiev, CEO of Boomerang Partners. “It validates our team’s dedication and commitment to offering best-in-class experiences tailored for each market we operate in.”

Not just a contender for prestigious awards, Boomerang Partners has also appointed its leading brand – Boomerang Sportsbook, a sponsor of the ‘Best East Europe Affiliate 2023’ category. This underscores their commitment to emerging European markets. With a strong presence in these regions already, Boomerang offers affiliates extensive opportunities to expand globally, including into both Europe and Latin America.

“We applaud Boomerang Partners’s dedication to expanding across Europe and beyond,” Denis Dzyubenko, CIS Region Director at SIGMA Group. “Earned win for Boomerang Media in the “The Best PPC Affiliate” nominee and Boomerang Partners’s sponsorship of the “Best East Europe Affiliate” category demonstrates a strategic understanding of key growth regions and a commitment to supporting the entire ecosystem. Operators like Boomerang, who foster industry development while delivering innovative platforms, are vital to our sector’s success”.

SiGMA Europe is a premier global gaming event and forum for industry experts and affiliates. It convenes over 800 sponsors, 200 exhibitors, 200 speakers, and 25,000 delegates to discuss gaming trends, share ideas, and network. SiGMA has raised over €300,000 for charity since 2020 through its global events. For 2023, the SiGMA Foundation aims to launch significant initiatives, including an educational facility in Ethiopia for 1,000 students, two Camino de Santiago hikes with €70,000 targets each, summiting Mount Toubkal, and continuing the Kilimanjaro Challenge, which has raised €1 million since 2004 – all guided by principles of transparency and impactful philanthropy.

“It’s great to be recognized by the industry’s best. We are glad that our initiative to develop professional sports around the world did not go unnoticed,” stated Vitalii Prokofiev, CEO of Boomerang Partners. “We will continue to push the envelope and deliver the best products in our categories experience globally.” At the SiGMA Europe in Malta, Boomerang Partners is represented by the booth of its flagship brand Boomerang Bet.

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Ukrainian Cyber L&G team belonging to Alona Shevtsova Launches Exclusive Merchandise Line

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Ukrainian e-sports team L&G is thrilled to announce the launch of their exclusive merchandise line, available for purchase on the official website.

The new merchandise line includes the L&G Black Jersey, gaming sleeve, cap, and gaming mat. Fans and esports enthusiasts now have the opportunity to support their favorite team in style, and incorporate new equipment into their home CS:GO gaming setups.

“We are excited to offer our fans the opportunity to express their support for L&G Team through our exclusive merchandise line,” said Mykhailo Malkiss Shulga, a sniper at L&G Team. “The launch of these items is a testament to the passion and dedication of our team, and we look forward to seeing our fans proudly donning the L&G brand.”

L&G Team has quickly become a force to be reckoned with, achieving triumphs in major tournaments and securing a position among the top 100 best teams globally. Their journey has been marked by a relentless commitment to success, as evidenced by their notable presence in the European ESEA League playoffs and a prestigious spot in the top 10 among Ukrainian CS:GO teams.

The L&G eSports team was founded in 2021 on the initiative of Alona Shevtsova, a Ukrainian businesswoman, philanthropist, and active participant in the Ukrainian fintech community. Both in Ukraine and abroad, Alona Shevtsova is known as the founder of the LEO International Payment System. In addition, she was a shareholder and chairman of the supervisory board of a large Ukrainian bank. Alona Shevtsova uses the money earned in business for various charitable, educational, and cultural projects, as well as to support the Ukrainian Armed Forces.

L&G Team offers convenient delivery options for fans in Ukraine and around the world, including international shipping. To explore the entire L&G merchandise line and make a purchase, visit www.lngcybersport.com

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