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Racecourse Media Group generates £117.6m in media and data rights payments for British racecourses in 2022

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Racecourse Media Group (RMG) will pay racecourses £117.6 million in payments generated from their media and data rights in 2022 – compared to £110m in 2021.

The payments are derived from a range of RMG businesses, including via betting shops (Racecourse Retail Business), online bookmaker streams (Digital Streaming), pay TV channel (Racing TV), international betting (Racing TV International) and non-betting distribution, mainstream TV (ITV agreement) and data (Racecourse Data Company).

Roger Lewis, the Chairman of RMG, said: “The RMG model has once again proved to be resilient and reliable – in the face of significant challenges – producing record results, and performing ahead of expectations. The results are a testimony and tribute to the vision and dedication of those racecourses who came together and stuck together to create, grow, and develop the RMG business.

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“On behalf of everyone at RMG I thank all the racecourses, owners, breeders, trainers, jockeys, stable staff and our valued media, technical broadcast, commercial and betting partners for their help and support in enabling RMG to play its role effectively.

“I step down from the Board of RMG this year, having joined the company in 2012. It has been a huge privilege and a great honour to have worked with so many wonderful people. I sincerely welcome my successor, Conor Grant, formerly CEO of Flutter UK and Ireland, who takes up the reins as Chairman, on October 1, 2023.”

The 2022 results were achieved against the headwind of the long-running Gambling Act Review process. RMG has played its role by using its media platforms to bring attention to the Gambling Act Review and ensuring its consumers’ views and attitudes on the subject were made available to politicians, regulators, and media commentators.

The process has led to bookmakers ramping up levels of affordability checking, which has resulted in a clear and material reduction in betting turnover from the early summer of 2022 onwards.

Looking to the future, Martin Stevenson, Chief Executive of RMG, said: “We believe that innovation is key for the business and racecourses to help grow appeal and engagement with the sport, and provide a platform to deliver growth in licence fees to racecourses and the sport in the future.

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“A fundamental building block in technical innovation for the business is the deployment of a highly reliable and accurate tracking system, which we have achieved via the award-winning Coursetrack.

“Beyond purely providing timing, the importance of tracking is that it provides a wealth of real time data that the business can now utilise to develop new products and innovations. These include the roll-out of in-play betting on RMG’s content, currently deployed by BetVictor and William Hill, and with more bookmakers in the pipeline.

“Another key application of tracking data is to help create stimulating, insightful data – a suite of new facts and statistics – to engage our audiences and support betting markets.

“In addition, our Self Service Betting Terminal (SSBT) racing product is being rolled out this month. It’s worth noting that c.80% of football bets struck in shops are placed via SSBTs, compared to just 10% for racing, so this could be a real opportunity for racing to generate additional consumer engagement and turnover in the important betting shop space.

“We have also significantly enhanced our broadcast output, with advances to the virtual studio, the roll-out of augmented reality graphics, the gradual move to remote production, and developments to the production of dedicated racecourse streams. This is bringing horseracing TV coverage up to the high levels that other sports, like football and cricket, enjoy.

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“Our social media initiative, #raceday, which brings an influencer-led approach to the racecourse and engages with a young demographic, has surpassed 20m views, while our free-to-play games, run in conjunction with Paddy Power, have generated 2m entries and proved to be an excellent data capture platform.

“With media increasingly being consumed through digital channels, driving innovation is key to growing audiences and engagement through these platforms. This approach blends well with our focus on strengthening the core capabilities which have enabled us to grow to where we are today, ensuring the business remains ready for the future.”

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7777 gaming elevates global presence through strategic partnership with SoftGamings

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7777 gaming, a leading provider of innovative casino games, announces its strategic partnership with SoftGamings, a prominent online casino content aggregator. Through this collaboration 7777 gaming expands its reach and offers more than 140 of its top-tier casino games to the extensive client base of SoftGamings.

SoftGamings is renowned for its commitment to providing clients with high-quality, creative, and innovative online casino products. The partnership with 7777 gaming adds a new dimension to SoftGamings’ diverse portfolio, enhancing the gaming experience for players across the globe.

 

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Elena Shaterova, Chief Commercial Officer at 7777 gaming, has commented about the collaboration: “We are excited to partner with SoftGamings and bring our cutting-edge casino games to a broader audience. This collaboration aligns perfectly with our mission to provide players worldwide with top-notch gaming experiences. SoftGamings’ reputation for excellence in the industry makes them an ideal partner, and we look forward to a mutually successful journey.”

 

Anna Kesilova, Head of Partnership at SoftGamings stated: “We are delighted to welcome 7777 gaming to our esteemed list of partners. Their commitment to innovation and quality aligns seamlessly with our vision. The addition of their games to our platform enhances our ability to provide clients with a comprehensive and world-class gaming experience. We look forward to a successful partnership that brings excitement to players and value to our clients.”

SoftGamings is committed to working with the best online casino game providers to deliver unparalleled gaming solutions. The addition of 7777 gaming’s portfolio reinforces SoftGamings’ dedication to offering clients a diverse and engaging selection of online casino games.

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Exploring Online Casinos: A Deep Dive into Finnish, Latin American, and American Platforms

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The world of online gambling has undergone a seismic shift in recent years, with players from all corners of the globe flocking to digital platforms for their gaming needs. From Finland to Latin America to the United States, online casinos have become a staple of entertainment, offering an unparalleled array of games and experiences. In this comprehensive exploration, we’ll delve into the unique characteristics, trends, and player preferences that define online casinos in three distinct regions: Finland, Latin America, and the United States. By dissecting the intricacies of each market, we’ll gain a deeper understanding of the global landscape of online gambling.

Finnish Online Casinos

A Beacon of Innovation and Efficiency Nestled in the heart of Scandinavia, Finland boasts a reputation for technological prowess and innovation, and its online gambling industry is no exception. Finnish online casinos, affectionately known as “pikakasinot,” have garnered attention worldwide for their streamlined and efficient approach to gaming. At the forefront of this innovation is the concept of online casinos without registration, a concept that has revolutionized the way players access their favourite games.

At the heart of Finnish online casinos’ success lies the integration of Trustly’s Pay N Play service, a groundbreaking payment solution that eliminates the need for traditional registration processes. With Pay N Play, players can make instant deposits and withdrawals directly from their bank accounts, bypassing the cumbersome registration forms and identity verification procedures typically associated with online casinos.

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But it’s not just the convenience of Pay N Play that has propelled Finnish online casinos to the forefront of the industry. These platforms also prioritize player security, holding licenses from reputable regulatory authorities such as the Malta Gaming Authority and the UK Gambling Commission. Advanced encryption technology ensures that players’ sensitive information remains safe and secure, giving them peace of mind as they enjoy their favourite games.

In terms of game selection, Finnish online casinos offer a diverse array of options to cater to every taste and preference. From classic slots and table games to live dealer experiences and progressive jackpots, there’s something for everyone at these innovative platforms. And with generous bonuses and promotions on offer, players are incentivized to keep coming back for more.

Latin American Online Casinos

Embracing Diversity and Accessibility in Latin America, the online gambling landscape is as diverse as the cultures that inhabit the region. From the bustling streets of Brazil to the scenic vistas of Argentina, players across Latin America have embraced the convenience and accessibility of online casinos in droves. And much like their Finnish counterparts, Latin American online casinos without registration have emerged as a popular choice among players seeking instant access to their favourite games.

Known locally as “casinos sin registro,” these platforms offer a simplified gaming experience that resonates with players across the region. With no registration required, players can dive straight into the action, making deposits and withdrawals with ease using a variety of local payment methods.

One of the key advantages of Latin American online casinos is their commitment to catering to local tastes and preferences. From culturally-inspired slots and traditional table games to live dealer experiences that capture the essence of Latin American hospitality, these platforms offer a diverse array of gaming options that resonate with players on a personal level.

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But it’s not just the games themselves that set Latin American online casinos apart; it’s also the way they prioritize player security and trust. By partnering with reputable payment providers and implementing robust security measures, these platforms ensure that players can enjoy their gaming experience with peace of mind.

American Online Casinos

Navigating a Complex Regulatory Landscape in the United States, the online gambling landscape is as complex and varied as the country itself. With regulations varying from state to state, navigating the legal framework can be a daunting task for both players and operators alike. However, despite these challenges, online gambling has continued to gain traction in the US, with several states legalizing and regulating online casino gaming in recent years.

While traditional registration processes are still common in many parts of the country, there are signs of a gradual shift towards online casinos without registration as the industry evolves. Platforms such as Rush Games and DraftKings Casino have begun to gain traction, offering players a streamlined and hassle-free gaming experience.

In terms of game selection, American online casinos offer a wide range of options to cater to every taste and preference. From classic slots and table games to innovative new titles and exclusive partnerships with leading software providers, there’s no shortage of excitement to be found at these platforms.

But perhaps the biggest draw of American online casinos is their commitment to player safety and security. With stringent regulations in place to protect players’ interests and prevent underage gambling, players can rest assured that they’re in good hands when they play at a licensed and regulated online casino in the US.

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Conclusion

As we’ve seen, the world of online gambling is a diverse and dynamic landscape, with each region bringing its own unique characteristics and player preferences to the table. From the streamlined efficiency of Finnish online casinos to the cultural richness of Latin American platforms to the complex regulatory landscape of the United States, there’s something for everyone in the world of online casinos.

By exploring the intricacies of each market, we’ve gained valuable insights into the global landscape of online gambling and the factors that drive its continued growth and success. Whether you’re a casual player looking for some entertainment or a seasoned gambler seeking your next big win, online casinos offer an unparalleled gaming experience that’s sure to satisfy even the most discerning of tastes.

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Rank Group announced as first live customer of DoTrust Complete

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Department of Trust (dotrust.co.uk), the award-winning provider of financial risk assessments for safer gambling, has launched DoTrust Complete – the first dedicated platform offering end-to-end frictionless and enhanced financial risk checks to support all stages of the player journey.

The company also announced Rank Group plc, one of the UK’s largest online and land-based gaming operators, as the first live customer of the new service.

Gambling operators in the UK until now have had to rely on multiple providers to conduct financial risk, affordability, AML and other compliance and safer gambling assessments on their customers. This has led to complexity, cost and a poor player experience as well as significant regulatory penalties for poor execution. The challenge is set to increase following the UK government’s review of the Gambling Act which is likely to require more frequent vulnerability checks on players even at lower levels of spend which will require frictionless and accurate assessments.

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With DoTrust Complete, operators can run all necessary checks in a single platform, including frictionless income and vulnerability tests using the best available public and proprietary data, much of which has not been deployed in the gambling industry before. Operators can even design their own risk methodology and gain full auditability of decisions to ensure proportionality and meet regulatory requirements.

Commenting on the new platform launch, Michael Byrne, DoTrust Chief Operating Officer, said: “We are delighted to officially launch Complete ahead of the expected change in regulation this year. Operators now have a reliable, comprehensive and industry-first service they can rely on to meet all current and future requirements. Complete reduces friction for customers and increases certainty and efficiency for operators.”

Liam Smith, Director of Customer Operations for Rank Interactive, commented: “Rank has always been at the forefront of consumer protection and are constantly seeking ways to improve our player experience within a safe environment. DoTrust Complete is the first tool we have found that has been specifically developed for gambling operators. The efficiency and degree of control which Complete gives is impressive and we are excited to leverage these capabilities in building our business.”

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