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Esports Betting in Central & Eastern Europe: Oddin.gg Sponsors Hipther’s GamingTECH CEE

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HIPTHER Agency is excited to introduce the Sponsors of the highly-anticipated GamingTECH CEE Summit, taking place on September 26-27, 2023, in Budapest!

The #hipthers are delighted to announce Oddin.gg, the world-leading B2B esports betting solutions provider, as the Badge Sponsors of GamingTECH CEE, the most popular in person event for the iGaming industry in the region of Central and Eastern Europe!

We sat down with Oddin’s co-founder and CEO, Vlastimil Venclik, to find out more about the company’s history, their success story, and Oddin’s position in the CEE region.

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Hello, Vlas, thank you for taking the time to talk with us! Can you please introduce yourself and tell us and our readers a bit about your role at Oddin.gg?

My background is in Cybernetics and Intelligent Buildings, my work experience is mainly connected to software development. I started as a mobile developer, then transitioned to cloud and finally ended with AI. My esports journey began in 2015, when I joined one of the first esports startups. Unfortunately the market was not ready at that time and we went bust. I felt that there is still potential and co-founded Oddin.gg in 2018. We became a multi-award winning B2B provider of esports odds feed, risk management, and iFrame solutions. I am leading the IT, Business Intelligence and data processing part of the company, along with the top-level leadership duties.

 

Esports have been the talk of the industry since the early 2010s, touted as “the future of the iGaming industry”, and during the pandemic many sports-based titles became the go-to sportsbook options in lieu of real life events. What is the position of eSports in the market today?

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We are now in the fully recovered market that has shaken off all the anomalies caused by Covid. Esports as an industry is definitely going through consolidation: teams, brands, platforms, all parts of the ecosystem can’t go forward only on the initial enthusiasm and are professionalizing. There will be winners and losers in this process. Even so, all key metrics are showing significant growth. Revenue in the esports market is projected to reach US $10 billion this year. Revenue is expected to show an annual growth rate (CAGR 2023-2028) of at least 8 %, but up to 13 % The largest market in esports is the one we mainly operate in: esports betting. Its market volume should reach US$ 10 bn in 2023, and estimated 24 bn USD in 2028, and we have so much space in offering much higher bettor engagement, much more fun when spectating esports.

 

Oddin.gg is a world-leading B2B esports betting solutions provider. What is “esports betting” exactly, and what do Oddin’s offerings entail?

Esports betting is the act of placing wagers on the outcomes of professional video game matches and tournaments, just like you would in traditional sports. The main difference is that online games, especially when played by professional esports teams whose number of actions per minute is just astonishing, are generating huge volumes of data every second. Maybe only the NFL is comparable to the volume and quality of analyzed data of player actions and the whole match. At Oddin.gg, we provide a comprehensive suite of solutions for businesses wanting to delve into esports betting. This includes the very construction of the odds feeds, providing risk management, that means guardian anomalies both on the bettors side and players side, and user engagement tools. We are ensuring operators can offer a seamless and engaging esports betting experience to their users.

 

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What makes an eSports betting experience truly engaging for users? Can Live Markets work for eSports?

An engaging esports betting experience hinges on a few key elements. First, the accuracy and depth of live match data. Fans want to bet on various events, not just the final outcome. Live Markets are absolutely crucial in this regard. Just like in traditional sports, the dynamics of an esports match can change moment to moment, and the ability to bet in real-time enhances the thrill. We believe that offering varied, accurate, and instant live betting opportunities is pivotal to captivating the esports audience. And that we can improve the experience much further from the actual state.

 

What are the benefits that eSports offerings bring to operators, and how does Oddin.gg recommend their offerings to be marketed and utilized in operators’ business strategy?

Esports offers operators a unique opportunity. The demographic engaged in esports is typically younger and digitally native. By catering to this audience, operators can diversify and future-proof their user base. Esports fans are tech-savvy and demand a frictionless experience; therefore, integrating esports offerings helps operators elevate their technological standard.

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As for marketing and integration, Oddin.gg emphasizes the importance of authenticity. Operators should genuinely understand and appreciate the esports culture, or have a partner who does. Collaborations with esports influencers, sponsoring tournaments, and creating dedicated esports betting platforms or sections are some strategies we recommend. As with sports, it’s essential to speak the language of the community to gain their trust and loyalty. Esports community can be very rewarding, but also it can punish you heavily and you can lose a lot of traffic overnight. But we are here to offer both personal assistance and technological means to jump start any client in the world of esports, and esports betting in particular. Our iFrame product is built exactly for that.

 

Hipther’s GamingTECH events have been all about how the iGaming industry evolution has been propelled by Technology – and eSports stand on the very intersection of tGaming and Tech. What is Oddin’s message to GamingTECH CEE attendees about the value of eSports now and in the future?

Our message is clear: Esports is not just a trend – it’s the future. As technology continues to advance and become more integrated into our daily lives, the line between gaming, tech, and mainstream culture will blur. Esports represents the perfect amalgamation of all these elements. For those in the iGaming industry, now is the time to embrace esports, invest in understanding the ecosystem, and provide offerings that resonate with the community. The value of esports will only grow. The next generation will admire pro-gamers in a way we admire Messi, Jordan or Gronkowski. And esports betting can be adjusted to catering the needs of this upcoming generation, and to fuel the whole esports ecosystem.

 

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Thank you so much Vlas for this exciting interview, and thanks, Oddin.gg clan for your continued support!

We look forward to seeing you in Budapest at GamingTECH CEE for the annual reunion of the best companies and professionals from Gaming and Technology in Central and Eastern Europe!

Speaking of the best in the industry, Oddin.gg has been voted by its peers and shortlisted for the BEST ESPORTS BETTING PROVIDER IN CEE 2023 in GamingTECH Awards!

The Final Voting Session and Ceremony for GamingTECH Awards will take place on September 26th, during the GamingTECH CEE Summit.

Save your seat and join us to support Oddin.gg and grow your business network!

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Looking to follow Oddin’s mighty Drakkar course and conquer your business development goals in iGaming? Become a sponsor of Hipther’s next big event!

Central Europe

Bragg Gaming Continues Global Expansion, Powers Kingsbet.cz Launch with an End-to-End iGaming Solution

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Bragg Gaming Group has launched its full turnkey solution with Czech land-based casino operator Kings Entertainment A.S. (Kings). Kings will operate their online business in the Czech Republic under the brand Kingsbet.

Under the terms of the agreement signed between the two parties, Bragg will provide Kingsbet with Player Account Management (PAM) technology, exclusive content from Bragg studios, aggregated online casino content via the Bragg HUB and a fully localised sportsbook integration in partnership with Altenar.

Bragg provides Kingsbet with an all-in-one solution with powerful automation and marketing tools to seamlessly run its casino and sportsbook operations.

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Bragg’s FUZE player engagement toolset for casino and sportsbook is also included, helping boost acquisition, conversion and retention with tools such as Free rounds, Missions, Quests, Journeys, Recommendation engine and Jackpots.

Kingsbet will additionally be supported by managed marketing and operational services delivered by Bragg.

The agreement and subsequent launch is the latest in a string of deals that Bragg has struck to provide its technology solutions to operators across global regulated iGaming markets, and is the Company’s second PAM and turnkey partner in the Czech Republic.

Bragg Group Chief Executive Officer Matevž Mazij said: “We are proud to be chosen to support Kings Entertainment, a leading European entertainment, casino and poker brand with our full-service turnkey solution as they transition their market leading Czech operations online.”

“The new regulations make this an exciting time to be in the Czech market,” Mazij added.

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David Vaněk, Chief Executive Officer of Kingsbet, said: “Over the past 8 months, both teams worked very hard to prepare the launch of “kingsbet.cz” ahead of the EURO championship. I’m proud that we are the first licensed betting and gaming operator in the Czech Republic who have undergone a rigorous and very demanding licensing process and are currently the sole operator fully compliant with the new Gambling Act, effective as of January 2024.

“Kingsbet will offer players ‘The King’s experience’ in sports betting and casino, and we plan to launch a Live casino product by the end of this year. Bragg’s platform will enable us to enter the Czech market with powerful tools and a highly competitive product offering.”

Founded in 2003, Kings Entertainment operates three land-based casinos: the Kings Rozvadov, Admiral Rozvadov and Hilton Prague properties. At Kings casino in Rozvadov, known as the biggest poker arena in Europe and a premier gaming destination, a variety of poker tournaments including W.S.O.P. are held attracting more than 500,000 visitors per year.

Kings has a 40% share of the Czech land-based casino market and now has ambitious plans to expand into online gambling, an expansion which will be supported by Bragg technology and expertise.

The Czech online casino market is projected to achieve approximately $1 billion in gross win in 2024, according to H2 Gambling Capital. This figure represents growth of 30% on a year-over-year basis from 2023’s figures.

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Under previous Czech gambling regulations, operators were only able to offer online RNG games explicitly licensed under the Czech Gambling Act.

Following pressure from operators, this list was widened to include live dealer games (live casino), an amendment which came into force on January 1, 2024.

The inclusion of live dealer games was one of a number of amendments made to existing Czech gambling laws, the most wide-ranging of which was the introduction of a new streamlined licensing regime for operators.

The post Bragg Gaming Continues Global Expansion, Powers Kingsbet.cz Launch with an End-to-End iGaming Solution appeared first on European Gaming Industry News.

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Central Europe

GR8 Tech Opens New Hub in Warsaw, Poland

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An award-winning iGaming platform provider, GR8 Tech, opened its newest hub in Warsaw, Poland, on June 6, 2024. As a company committed to a remote-first model since the pandemic, GR8 Tech continues to support its diverse international staff by offering flexible and comfortable working conditions. In addition to assisting in home office arrangements, the company also provides local hubs in target locations where employees are concentrated and hiring activities are underway.

These hubs, available in several locations across Europe, including Cyprus, the Czech Republic, and, from now on, Poland, offer employees the opportunity to work in an office-like environment if they choose. This initiative is part of GR8 Tech’s ongoing efforts to ensure that its employees have the best possible working conditions in any location they choose to work from—efforts that have been recently recognized with the “Best Workplace 2024” title by SiGMA Americas Awards.

The new Warsaw hub will serve as a convenient workspace for the 80+ specialists already located in Poland and all new employees joining the company. It will also be available to any GR8 Tech employees traveling internationally who require a professional environment to work from.

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The opening of the Warsaw hub aligns with GR8 Tech’s broader strategic activities across Europe and specifically in Poland. Recently, GR8 Tech participated in the largest Polish IT festival, Code Europe, held on June 10-11 in Krakow, as the technology partner, with GR8 Tech’s Chief Talent Officer, Tetiana Davydova, holding a talk on “Mastering the Science of Negotiation: Secrets to Successful Dialogue in Tech” at the event. GR8 Tech will also participate in the Devoxx conference in Krakow on June 19-22 as a partner. The company’s Deputy CTO, Pawel Grzegrzolka, will hold a talk on “Integrating quality gates in IaC”.

To learn more about GR8 Tech and its upcoming activities, visit the company’s website and join its communities on LinkedIn and Facebook for business-related topics or Instagram for the highlights of the GR8 work environment.

 

About GR8 Tech

GR8 Tech is an international iGaming provider of high-performance Sportsbook and Casino platform. Holder of the “Best Workplace 2024” title by SiGMA Americas, “Best Online Sportsbook Provider 2024” by SiGMA Eurasia, and, most recently, “Rising Star Provider of the Year” by Affpapa iGaming Awards.

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GR8 Tech’s flagship product, GR8 Sportsbook, renowned for its exceptional event coverage and robust feed, manages heavy user loads with real-time anti-fraud processing and advanced margin management capabilities. Complementing the Sportsbook, GR8 Tech’s portfolio includes the GR8 Casino platform and vital standalone products like CRM, payment gateway, player account management, etc.

Focused on the personalized approach and lifetime partnership, GR8 Tech perfectly alleviates iGaming operators’ challenges by delivering customized, scalable solutions that evolve with business growth.

The post GR8 Tech Opens New Hub in Warsaw, Poland appeared first on European Gaming Industry News.

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Central Europe

KJM Endorses IDVerse to Tackle Rising Concerns Over Minor Protection

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The Commission for Youth Media Protection (KJM) has officially endorsed IDVerse, a leading provider of online age verification solutions, to address the growing need for enhanced minor protection. This endorsement comes in the wake of concerning statistics from the Javelin Report, which underscores the critical importance of safeguarding children online. With 54% of households not monitoring or restricting their children’s online activity, the risk of exposure to harmful content is significantly heightened. KJM’s endorsement of IDVerse is a significant step towards robust and comprehensive solutions for protecting minors online.

KJM, as the central oversight body for youth media protection in Germany, plays a crucial role in evaluating and endorsing effective age verification and protection systems. Comprises experts from federal and state media authorities, KJM ensures that digital content adheres to stringent youth protection regulations. The organisation’s endorsement is a significant mark of credibility and reliability for solutions like IDVerse.

The Javelin Report, a comprehensive study on online safety, reveals that more than half of households do not monitor their children’s online activities, leading to increased risks of identity fraud and exposure to inappropriate content. The lack of oversight amplifies the need for advanced technological solutions that can provide a safer online environment for minors.

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By endorsing IDVerse, KJM champions innovative solutions that prioritise the safety and well-being of minors in the digital age. IDVerse’s advanced age verification technology offers a proactive defense against online threats, ensuring that minors are protected from identity fraud and inappropriate content. This endorsement is particularly valuable for the iGaming market, where preventing underage gambling is a critical concern.

Peter Violaris, Head of Global Privacy at IDVerse, said: “We are honored to receive the endorsement of KJM, which validates our unwavering commitment to minor protection and online age verification. The alarming statistics on unmonitored online activity among children underscore the critical need for robust solutions.

“At IDVerse, we have developed cutting-edge technology that not only protects children but also respects the privacy of all users. Our system ensures that only the necessary information is shared and that data is securely handled and promptly deleted after verification. Together with KJM, we are dedicated to creating a safer online environment for children worldwide.”

The endorsement of IDVerse by KJM sets a precedent for future initiatives aimed at enhancing minor protection and safeguarding children from age-restricted or inappropriate content. It underscores the importance of collaboration between regulatory bodies and industry leaders in addressing the evolving challenges of the digital landscape.

The post KJM Endorses IDVerse to Tackle Rising Concerns Over Minor Protection appeared first on European Gaming Industry News.

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Offering comprehensive coverage on all aspects of the gaming sector, our daily posts include online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

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