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Twitch bans crypto-casinos, but all other forms are still allowed

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Crypto-casino streaming has been banned by Twitch, but the platform still enables vast amounts of fiat currency gambling. The industry however should take care with promoting such high levels of gambling to young audiences, says Pavlos Sideris, director of Double Up Media. 

 

The decision by the streaming giant Twitch to ban gambling websites whose content includes “slots, roulette, or dice games that aren’t licensed either in the US or other jurisdictions that provide sufficient consumer protection” has been described as a clampdown on gambling-related streaming.    

It is true that the Amazon-owned group has, at a purely technical level, placed a ban on unlicensed gambling sites that stream players playing their online gambling products, but in reality it only refers to crypto-backed casinos, which make up so much of the casino content that is streamed. 

Twitch however hasn’t banned ‘traditional’ online casino, sports betting or poker operators and affiliates that are regulated in the US (or other major markets).   

This is no coincidence. It may be stating the obvious, but the reason Twitch decided to ban cryptocurrency-backed casino play from being streamed is because it is not regulated in the US and as a US company it doesn’t want to attract any more controversy than it already has when it comes to this issue. 

The fact that crypto-casino is also not regulated in the UK and other European markets also played a part, but the audience levels generated by casino streamers in the US are that much more significant, while many of the biggest (regulated) casino channels have marketing agreements with major US brands and are highly active on the platform.    

 

Streaming exposure

The lack of crypto regulation did not stop the large crypto brands such as Stake.com, Duelbits or Roobet from streaming online casino play and subsidising streamers with major sponsorship contracts to ensure they continue to broadcast to their thousands of followers. 

This has given them significant exposure and, one imagines, enabled them to recruit huge amounts of players. These customers will have watched the rap superstar Drake win $12m on a single roulette spin on Stake.com, having lost more than $800k betting on sports a few hours before, and will have been enticed to open accounts with those operators. 

In 2021 and as a nod to wanting to protect its audiences from too much gambling exposure, Twitch outlawed referral codes and affiliate links. The measure however will not have prevented thousands of consumers from easily finding the sites online; while the decision by some of the sites to not accept players from the US is easily circumvented by VPNs.

In fact, looking at its decision to ban crypto-casino streaming, one may wonder what has taken Twitch so long to adopt the measure. After all, crypto-backed casinos and sportsbooks have always been unregulated in the US, UK and other major markets.  

Of course, the reason Twitch did not ban them earlier is commercial. The streams by celebrities like Drake and sponsored players such as Mizkif, Trainwrecks or Niknam attracted huge audiences and that would have been the only metric Twitch paid attention to. 

 

Reputational concern 

Conversely, the most likely factor to influence Twitch into banning crypto casino sites will have been reputational. Cheating scandals or streamers fleecing players out of significant amounts of money to fund their gambling activities have created huge controversies and shone a most unflattering light on Twitch’s ready acceptance of crypto casino play.  

The site is owned by the e-commerce giant Amazon, which likely decided that the safest way to avoid further scandals is to ban crypto casinos outright.

The other obvious point to make is that Twitch on the whole appeals to much younger demographics than those that might play on ‘regular’ slot sites. The company’s advertising and media information says “nearly 75% of Twitch viewers are between the ages of 16 and 34”.

The idea that thousands of young Twitch watchers might have been led into opening accounts on sites that were (and still are) unregulated and where they may have spent huge amounts of money while potentially developing gambling problems would be enough to give any public affairs or compliance executive significant worries. 

 

No gambling ban

In an echo of the point made at the start of this article, campaigners and industry observers have been quick to point out that the new measure by Twitch “isn’t an outright ban on gambling” but just “a blow to crypto casinos”. 

Indeed, what some campaigners want is a complete ban on the streaming of online slots and other casino games on Twitch, because, they say, “it is objectively harmful to the website and its users” and Twitch’s ban on unregulated operators still means that “luck-based gambling will still be alive and well on the website on October 18th” when the ban on crypto casinos comes in. 

A ban is unlikely to happen in the near or medium term at least and a quick scan of the ‘Slots’ homepage on Twitch shows that the crypto casino channels have now been replaced by more ‘traditional’ ones.

In addition, with competing streaming platforms such as DLive more than willing to accept crypto (or other) casino streamers, it seems unlikely that Twitch will broaden its ban to ‘traditional’ casino channels.     

 

Mass availability 

Twitch’s rise as a showcase for online slots and other casino games has been steady and long trailed over the past few years. 

What the platform also shows is that live casino continues to evolve. From its original and current incarnation as a product aimed mainly at VIPs and ‘whales’ on regular casino websites,  to one that, thanks to Twitch, is becoming more focused on online slots and has been made available to a much broader and younger section of the population.

Without wanting to be too alarmist, the fact that younger demographics are exposed to gambling products much earlier than might have been the case in the past should be a cause for concern for all of us as stakeholders. 

There have already been a number of addiction or problem gambling stories of young players who became familiar with gambling through Twitch. Criticising the industry for not intervening earlier will be of no use if all gambling streaming eventually gets banned on Twitch.

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FAVBET partners with BETER Live in major boost to its live casino offering

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FAVBET partners with BETER Live in major boost to its live casino offering

 

BETER Live’s suite of premium games is now available to all of FAVBET’s users in Ukraine, Croatia, and Romania

Ukraine’s leading iGaming operator FAVBET and BETER Live, the live casino division of the betting content and data provider BETER, has announced a long-term partnership to expand FAVBET’s live casino experience.

From now on, BETER Live will provide FAVBET with a portfolio of authentic and interactive live casino titles in markets across its 3 markets of operation. This includes more than 20+ games and variations covering Roulette, Blackjack, Gravity Blackjack, Gravity Roulette and Ukrainian Roulette.

Game presenters have been trained to the highest possible standards and also know how to provide an engaging player experience, chatting with players throughout their time at the table.

FAVBET has recently launched a UA Roulette table, powered by BETER Live, which has been tailored to meet the specific preferences of Ukrainian players. The new localised game has already found a response among players, showing a near 40% higher conversion rate and 4x more organic traffic compared to the provider’s regular roulette.

“Being a trailblazer in the Ukrainian online casino scene, FAVBET is constantly looking for new and exciting ways to engage our players while offering them the best possible experience. We are happy to have added BETER Live’s games to our portfolio and be able to provide a fully localised experience to our players and stand out from competition. We now look forward to working closely with BETER Live to continue to enhance our live casino offering and have many great products and updates in the pipeline,” commented FAVBET.

Anna Vikmane, Director of BETER Live, said: “We are delighted to share the news of another successful partnership between BETER Live and a leading operator, FAVBET. It is one of the most recognised brands in the Ukrainian market and one that players trust.  Localisation is key to FAVBET’s success, and we have been able to work with the operator to ensure our content delivers a localised player experience. Shortly after we launched our first games and FAVBET could see they were a big hit with its customers, we rolled out Ukrainian Roulette — the operator’s first step towards a dedicated offering for the market.” 

 

About FAVBET:

FAVBET is an international iGaming company founded in 1999 in Ukraine. Operating under international and regional licences in Ukraine, Croatia, Romania and Malta, it is currently offering top-notch sportsbook and online casino experience for more than 3 million registered users.

 

About BETER Live: 

BETER Live is a B2B full cycle provider that delivers next-gen services of live casino games. BETER Live is the part of betting content and data provider BETER, whose product verticals cover fast sports, esports and live casino solutions.

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Better Collective acquires Danish sports media Tipsbladet.dk

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Better Collective acquires Danish sports media Tipsbladet.dk

 

Digital sports media group Better Collective strengthens its position in Denmark through the strategic acquisition of Tipsbladet.dk, one of the leading soccer media in the country producing prime content for Danish sports fans.

For 75 years Tipsbladet has been a trusted sports media in Denmark covering sports news from across the world. Over time, the media has developed from publishing a printed magazine to now developing and distributing prime soccer content across digital channels. From October 2nd 2023, Tipsbladet.dk becomes part of the digital sports media group, Better Collective, headquartered in Denmark. Better Collective acquires Tipsbladet.dk for 6.5 mEUR.

Jesper Søgaard, Co-founder & CEO of Better Collective, says: “I am very proud that we have acquired Tipsbladet that for 75 years has been a go-to sports media for many Danes that want to engage with prime soccer content. The acquisition fits perfectly with our vision to become the leading digital sports media group and our strategy to acquire strong media brands with a loyal audience. I look very much forward to welcoming the dedicated editorial team at Tipsbladet to the Better Collective group and I am convinced that together we can further elevate the content that for years has excited so many Danish sports fans. ”

Founded in 1948, Tipsbladet is the oldest soccer magazine across the Nordics. Since 2000, the digital edition, www.tipsbladet.dk has developed into one of the leading digital sources for soccer related content such as news, articles, match previews, betting tips, videos and analysis with a monthly audience of around 6.8 million visits and more than 110 thousand followers across Facebook, X/Twitter, Instagram and TikTok.

Henrik Stegger Nielsen, former owner of Tipsbladet, says: “Since 2007, when I acquired Tipsbladet, I have worked hard to make it a healthy and sustainable business. I have succeeded, and I could hardly imagine a better buyer for Tipsbladet than Better Collective. I know that they will both take good care of Tipsbladet and, with their ambitions and competencies, develop it even further,”

Henrik Stegger Nielsen joins Better Collective together with all current employees at Tipsbladet.

Allan Olsen, Editor in Chief at Tipsbladet, says: “For Tipsbladet and its employees, this is a fantastic event. Even though we have experienced lots of growth and great numbers on the bottom line in an otherwise pressured media world, there is no doubt that Better Collective can help push Tipsbladet’s growth even further. We will continue to deliver strong football stories, but with Better Collective behind us, we can really make the content live on many more platforms and reach a wider audience.”

Highlighted synergies

  • Acquiring leading national sports media with a strong brand is an important pillar in Better Collective’s global strategy. Acquiring Tipsbladet.dk enables the Group to increase its presence in Denmark to further leverage its position as a key partner for advertisers in the market.
  • The editorial team at Tipsbladet creates a strong foundation to grow media products on all relevant platforms.
  • Better Collective will leverage its leading tech and search engine optimization (SEO) expertise in order to grow the audience.
  • Better Collective will invest in the development and growth of Tipsbladet.dk.

Esben Skou Vinther, VP of Europe at Better Collective, says: ”As a trusted sports media, Tipsbladet and its employees have built a unique position in the Danish sports market and is a media that will supplement our Danish media portfolio in a great way. We intend to invest in the development of Tipsbladet.dk to further strengthen the content across digital channels. In doing so, Tipsbladet will become an even more attractive advertisement partner for businesses that aim to activate their brand in a relevant and engaging sports context”.

Transaction details
The total purchase price will be 6.5 mEUR on a cash and debt free basis paid in three installments and will be financed with cash. Better Collective estimates that the post synergy 2024 EBITDA multiple will be below 5x. The 2023 financial targets remain unchanged following the acquisition.

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Super Affiliate, betting.bet, Celebrates Brand-defining Re-launch

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Super Affiliate, betting.bet, Celebrates Brand-defining Re-launch

 

Online super affiliate betting.bet has enhanced its flagship brand by unveiling an improved design complemented by new functionalities.

The new website, created by the brand’s proprietors Kontempry Ltd, will aid the brand’s global expansion efforts as it moves from being a UK-centric brand to a “truly global” business.

The design was unveiled last week as part of the company’s re-launch event. Users can now utilise betting.bet to search for the most recent offers from licenced operators worldwide, including brands in Europe, Asia, Africa, the Middle East and so on. This has been made possible through the procurement of gambling licences in multiple jurisdictions and the formation of numerous strategic affiliate alliances.

With live odds feeds, bet calculators, a vast selection of offers, and support functions, betting.bet is now a resource that all punters can utilise. What’s more, betting.bet has forged working relationships with some of the world’s most recognisable brands, resulting in enhanced offers for platform users.

Steve Jones, a spokesperson for the brand, comments:

“We are pleased to offer our consumers a more dynamic service with significant enhancements to offer management, usability, brand diversity, and service reviews. Inevitably, this will enable our users to make more informed decisions when signing up with our esteemed partners. This new design also honours the numerous high-profile sponsorship agreements we’ve signed recently.

I would like to thank the team for their extraordinary commitment to the release of the most recent version of betting.bet. This will enable us to engage with new partners and exponentially expand our player offerings.”

Abigail Moses, the Head of Marketing for betting.bet and the broader Kontempry Ltd. group, explains:

“We are thrilled to introduce the all-new betting.bet to our rapidly expanding community of users and partners. As the brand transitioned from a UK-facing utility to a global comparison portal, a more global-focused design became necessary. It is always challenging to design and market a product that will resonate with audiences in multiple locations. The new version of our website precisely reflects who we are as a disruptive growth company, supporting our global expansion and bolstering our European presence.”

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