Latest News
Scottish operator Fair City Amusements set to offer OKTO’s cashless experience
Fair City Amusements, the Perth-based leading independent operator serving both the Free Trade as well as major national retailers throughout Scotland, has become the latest member of the UK industry to join OKTO’s digital cashless revolution.
The OKTO.WALLET, open-loop, omni-channel mobile payment app and platform will be available across over 700 venues in more than 1800 machines, enabling mobile-first, cashless, responsible payments to users in Scotland.
Announcing the latest agreement, Rob Peché, OKTO’s UK Country Manager, said: “I am pleased to confirm our partnership with Brian and the team at Fair City, a company that’s widely acknowledged as the leading operator of gaming and pub amusement equipment in Scotland.
This agreement marks our first entry into Scotland extending OKTO’s reach from Plymouth in Devon to Aberdeen in the North of Scotland. Alongside, the partnership demonstrates how the OKTO solution is suitable for all progressive businesses in the sector, and it shows how straightforward it is to on-board with OKTO in a compliant and seamless way. Fair City is also unique in so far as it has its own AGC business which will also feature the OKTO solution.”
Welcoming the partnership, Brian Campbell, Director at Fair City said: “As the amount of cash in people’s pockets decreases it’s vital that we are able to offer our customers a cashless solution for gaming machines. To this end, we are delighted to link up with OKTO, the market-leaders and to be able to offer a mobile-first, responsible, digital, cashless solution to our customers that require it as well as in our own AGC operation.
With years of experience behind us, we have earned the reputation for being a forward-thinking progressive company. We understand the challenges facing licensed businesses and are always looking for new products or technology that can benefit our customers. In addition, we are fully committed to the delivery of a safer gambling experience and are supporters of The Responsible Gambling Trust, the leading charity in the UK committed to minimizing gambling-related harm. The tool-kit of safer gambling features that are a central part of the OKTO solution is certainly important to us as a family-run business and also to our customers. This is an exciting partnership and one which we are thrilled to have completed.”
OKTO continues to lead the market by relentlessly enhancing, expanding and improving the payment experience, making transactions faster, smoother, safer and more enjoyable for the end-user.
Latest News
PIX’s Undefeated Popularity in Brazil: How PIX Became the Payment King
A glance at a recent study within the Brazilian landscape reveals PIX as the undisputed leader in payment methods, a trend that KTO highlights. Data from KTO’s platform over the past year shows PIX’s popularity and dominance, capturing a staggering 97.41% of all deposits. This clear preference for PIX among users is a reflection of the nation’s preference, underscoring its efficiency and widespread acceptance.
Despite PIX’s supremacy, the study from KTO acknowledged the importance of diversity in payment options. Digital wallets, including Pay4Fun, account for 2.31% of all transactions, with Boleto trailing at 0.22%, and Bank Transfers at a mere 0.03%. The presence of traditional banking options, such as Pay4Fun and Banco do Brasil, represent a small fraction.
Additional survey data indicates that security, speed, convenience, and transaction fees are important factors influencing users’ choice of payment methods. Notably, 64% of consumers would abandon a purchase if their preferred payment method were unavailable, emphasizing the necessity for gaming operators to support widely used options like bank cards and PIX.
An overwhelming preference for PIX is evident among players, with 81% favoring it over other methods. Bank cards follow at 46%, with Boleto, cryptocurrencies, and digital wallets capturing smaller segments of the market. This pattern highlights the significance of security, speed, and convenience in choosing payment methods, with PIX emerging as the most favored due to its simplicity and efficiency.
The survey results also reveal that 80% of users feel confident making online gaming transactions, with PIX leading in security ratings at 82%, followed by bank cards and bank slips. Digital wallets and cryptocurrencies are perceived as moderately secure, further solidifying PIX’s position as the safest and most user-friendly payment option.
PIX stands out for its ease of use, with 93% of respondents finding it the most practical payment method. While bank cards also score highly for user-friendliness, Boleto and digital wallets elicit mixed reactions. Cryptocurrencies, though less intuitive, indicate a burgeoning trend in digital payments.
The data showcases PIX as the predominant payment method, with a commanding 97.41% share of all deposits on the KTO platform. While alternative payment methods like digital wallets, Boleto, and bank transfers have a presence, their relatively minor share reflects the compelling advantages of PIX. The necessity for operators to integrate and support preferred payment options is underscored by the potential loss of customers, with 64% willing to abandon transactions if their preferred method is unavailable.
Latest News
7777 gaming expands in MGA-regulated markets with Condor Gaming
7777 gaming expands its reach in MGA-regulated markets with Condor Gaming. Due to this agreement, 7777 gaming online casino games are integrated into multiple MGA-regulated brands powered by Condor Gaming.
7777 gaming’s extensive portfolio of MGA-certified games will now be made available to a wider audience of players within the Malta Gaming Authority (MGA) jurisdiction, such as Tournaverse, Gambeta10, Pedalada10, 24Bettle, b-Bets, Big5Casino, Casino Sieger, Rembrandt Casino, and LuckyBull.
Larisa Karaboycheva, Account Manager at 7777 gaming commented: “The collaboration with Condor Gaming underscores our dedication to delivering top-tier online casino games to a broader audience within the MGA-regulated space. We believe that our MGA-certified games, known for their quality and innovation, will complement Condor Gaming’s commitment to excellence, compliance and user-centric approach.”
Prash Patel, CMO at Condor Gaming stated: “7777 gaming’s online casino content is a fantastic addition to our portfolio and aligns perfectly with our commitment to delivering the best possible gaming experiences to our players. This collaboration enables us to enhance our offerings and provide a broader selection of high-quality games, ensuring that our MGA-regulated brands remain at the forefront of the industry.”
Latest News
An analysis of responsible gaming patterns in Brazil
7JP recently shared revealing details about gambling habits among Brazilians, supported by data-driven insights. It provides an insight of how frequently players in Brazil engage in gambling activities, highlighting a trend towards moderation and responsible gaming.
With only a small portion of the population gambling on a daily basis and the majority participating only occasionally, the research highlights the nuanced landscape of iGaming in Brazil.
Exploring the frequency of gaming among Brazilians offers insightful conclusion. In the 7JP study, only a small fraction, 8%, play daily, with an even lesser 2% dedicating over an hour to their favorite real-money games. This distribution illustrates a sporadic engagement, with 38% playing a few times per year and 23% once or twice a month.
These statistics paint a picture of a community where gaming, for the majority, is an occasional entertainment rather than an everyday habit. The findings challenge stereotypes about gaming habits and highlight the moderation within the Brazilian iGaming scene.
Multiple factors come into play why Brazilians are drawn to online casinos. According to the study, 48% of players are influenced by their budget or disposable income, making it the most significant factor. The thrill of playing as an exciting form of entertainment captivates 40%, while 31% are attracted by the quality of games.
Regulatory and legal aspects of gaming in local currency appeal to 24%, slightly overshadowing the availability of gambling opportunities (23%) and ads or promotions (20%). Recommendations from friends or family influence 25%, and 17% consider the fairness of gambling options or operators to be crucial.
The study unveils an understanding of gaming behaviors among Brazilians, with a strong emphasis on casual and responsible engagement. The majority’s sporadic participation highlights gaming’s role as a form of leisure rather than a compulsive activity.
Economy and the quality of gaming experiences show as key drivers, indicating a market that values selective and responsible entertainment. The research is a comprehensive overview that provides valuable insights into the Brazilian gaming landscape, emphasizing the importance of balanced gaming practices and the diverse factors that influence player engagement.
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