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The WEEK in REVIEW
Vol. 92 No.1A - Monday July 6, 2020

 

 

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Jumbo Interactive Announce Long Running Channel Partnership with Tabcorp Extended for 10 Years to 2030

 

JUMBO CEO Mike Veverka

 

TOOWONG, Qld., Australia (June 29, 2020) -- Leading internet lottery business, Jumbo Interactive Limited (ASX:JIN) has extended its 15 year relationship with Tabcorp Holdings Limited and associated subsidiaries (ASX:TAH) with the signing of a binding term sheet on 28 June 2020 (subject to certain conditions precedent, as set out below) in relation to new reseller agreements for the next 10 years to around July 2030.

Jumbo’s CEO and Founder, Mike Veverka said “The next 10 years will see a lot of advances in the lottery industry both in Australia and abroad. The new 10-year reseller agreements are the longest ever term in Jumbo’s history and provide a basis for continuing expansion. In addition to growing the Australian online lotteries business with continued access to Tabcorp’s existing successful portfolio of lottery games, Jumbo will continue to pursue international lottery opportunities, leveraging Jumbo’s lottery SaaS platform. Having a long-term distribution arrangement with Tabcorp with its world class operational capabilities and significant commercial relationships will support our future growth aspirations.

Extended Reseller Agreements

The revised reseller agreements (covering NSW, Victoria, South Australia, Northern Territory, ACT and Tasmania, as well as international jurisdictions) recognise the importance of Jumbo as Tabcorp’s largest authorised lottery ticket reseller, with the 10-year term.

The revised agreements also recognise the enlarged scale of Jumbo and the fundamental value of Tabcorp’s lottery licences to Jumbo. Accordingly, Jumbo will pay Tabcorp:

  • An upfront extension fee of $15m for the 10-year term; and
  • A service fee of 4.65% of the ticket subscription price, phasing in at 1.50% in FY21, 2.50% in FY22, 3.50% in FY23 and 4.65% thereafter. For FY 21-23, where the value of subscriptions is in excess of $400 million for each applicable financial year, Jumbo will pay a service fee of 4.65% on the value in excess of $400 million.

 

The payment of the upfront extension fee and the entry by Jumbo into a new deed of guarantee and indemnity in favour of Tabcorp are the conditions precedent to the new reseller agreements.

In addition, the parties must act in good faith to enter into long form agreements as soon as practicable.

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If long form agreements are not entered into within 60 days from the date the binding term sheet was executed, then the term of the reseller agreements reduces from 10 years to a term expiring on 1 May 2023, with a partial refund of $13.5m of the upfront extension fee and a partially reduced service fee.

The revised agreements will not include the sale of Tabcorp’s lottery products to Western Australia (subject to transition arrangements within 45 days), where Tabcorp does not hold a lottery licence.

The revised agreements will include customary termination rights for distribution arrangements of this type permitting Tabcorp to terminate each of the reseller agreements on 30 days’ notice if (among other things) Jumbo fails to perform its obligations, a change of control of Jumbo or Jumbo enters into similar arrangements with third parties.

Western Australia Jumbo is in discussions with Lotterywest in relation to arrangements for its Western Australian customers (representing approximately $33 million or 10.5% of ticket sales in FY19). There is no guarantee that these discussions will result in any agreement being reached with Lotterywest. If an agreement with Lotterywest cannot be reached, then Jumbo will seek alternative options for maximising the value of its WA customer base.

FY20 Guidance

With 39 large jackpots now a certainty for FY20, Jumbo reaffirms its guidance (announced April 1, 2020) despite initially estimating 41 large jackpots. Sales on a like-for-like basis have been stronger than expected as players have turned to the online channel during the COVID-19 period.

 

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In FY20, there will be 39 large jackpots (FY19: 49) with an aggregate value of $1.57 billion (2019: $1.88 billion) and average value of $40.1m (2019: $38.4m). The element of chance plays a role in Large Jackpots with the number fluctuating from year to year. Despite the significant decline in Large Jackpots during FY20, Jumbo is expected to increase sales compared to the previous year driven by greater demand for online lotteries over the COVID-19 period.

About Jumbo Interactive

In 2000, Jumbo sold its first lottery ticket on the internet and witnessed a dramatic rise in

popularity due to the convenience of buying tickets online. The Company operates the popular website www.ozlotteries.com in Australia under agreements with Tabcorp (ASX: TAH) that date back to 2005. Tabcorp became a substantial shareholder in Jumbo in 2017.

Over the years Jumbo has grown a large and loyal database of predominately younger customers attracted to the Jumbo innovations. These include Lotto Party which promotes social group play, iPhone/Android Apps and Google voice. In addition, Jumbo has grown a wide range of lottery games that include popular charity lotteries that also appeal to younger demographics.

Since entering the Lottery SaaS (Software as a Service) market with the signing if its first customer in November 2018, Jumbo has built momentum in the charity lottery segment with a significant TAM (Total Addressable Market) largely underserviced by optimised technology solutions.

In December 2019 Jumbo entered the UK market with an acquisition of Gatherwell Limited and has embarked on a “$1 Billion vision” to reach $1 Billion in ticket sales on the Jumbo platform by FY2022.

For further information CONTACT: Mike Veverka, CEO and Executive Director, Ph: 07 3831 3705.

SOURCE: Jumbo Interactive.

 

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IGT PlayDigital, PlayRGS Solution and PlayCasino Content Advance Digital Gaming for Svenska Spel Sport & Casino in Sweden

LONDON, U.K. (June 29, 2020) -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that a subsidiary (hereinafter "IGT") has entered into an agreement with Swedish lottery operator Svenska Spel Sport & Casino AB to deliver IGT PlayDigital's PlayRGS (remote game server) solution and PlayCasino content.

IGT (NYSE:IGT) is the global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Gaming Machines and Lotteries to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 12,000 employees. For more information, please visit www.igt.com.

"The introduction of our powerful PlayRGS remote game server and player-tested PlayCasino digital content, combined with IGT's extensive experience in the government-regulated digital gaming market, will help ensure the ongoing success of Svenska Spel Sport & Casino's digital program," said Jonas Reuter, Regional Vice President Northern Europe, IGT International. "As part of our commitment to promoting responsible gaming and sustainably growing our customers' business, IGT was also among the first supporting members to join the Swedish Gambling Association, SPER. We will continue to work with SPER and its founding member, Svenska Spel, to contribute to a sustainable gaming market in Sweden."

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The agreement, which is for a minimum term of three years from launch, includes access to the complete library of IGT PlayCasino game content, as well as maintenance, monitoring, and support.

One of the most advanced cross-platform delivery systems on the market, PlayRGS provides operators with premium game content and plugs seamlessly into an existing back office. A single integration grants access to an extensive library of slots, table games, video poker and instant win games (eInstants), making them immediately available to players where and when they want to play: on desktop computers, mobile phones, and tablet devices.

In addition to introducing its PlayRGS (remote game server) solution and PlayCasino content, IGT provides Svenska Spel with its PlayPoker (online poker), INTELLIGEN™ VLT (Video Lottery Terminal) central system, VLTs and content, as well as land-based casino cabinets and content. IGT also recently announced the introduction of IGTPay cashless technology for VLTs operated by Svenska Spel.

IGT PlayDigital's PlayRGS solution powers sites for more than 100 customers around the globe for both lottery and commercial operators. In addition to Svenska Spel, IGT supplies its PlayRGS solution to World Lottery Association (WLA) customers including Norsk Tipping in Norway, Veikkaus in Finland, Loterie Nationale in Belgium, and Lottomatica in Italy. IGT also supplies PlayRGS to Canadian members Loto Québec, Ontario Lottery and Gaming Corporation, and the British Columbia Lottery Corporation. In addition, IGT supplies Danske Spil in Denmark with its PlayRGS solution through a third party.

For more information, visit IGT.com, or go to Facebook at facebook.com/IGT, follow us on Twitter at twitter.com/IGTnews, or watch IGT videos on YouTube at youtube.com/igt.

About IGT

IGT (NYSE:IGT) is the global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Gaming Machines and Lotteries to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 12,000 employees. For more information, please visit www.igt.com.

CONTACTS:

Phil O'Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452

Francesco Luti, +39 3485475493; for Italian media inquiries

James Hurley, Investor Relations, +1 (401) 392-7190

Rhonda Whittaker, Global Communications, +1 (506) 860-6471

 

SOURCE: International Game Technology PLC.

 

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Lotteries Resilient to COVID Collapse

Findings from the New Edition of the Global Gambling Report

CASTLETOWN, Isle of Man (June 29, 2020)

Summary: Lotteries will fare better in 2020 than other sectors of global gambling. The ability to continue holding lottery draws and make sales via digital channels has meant lottery revenues will fall less than other gambling activities.

Lotteries resilient to COVID collapse

Lotteries have proved to be resilient to the global pandemic lockdown, faring better than their retail competitors in the difficult operating conditions of 2020. Research by GBGC for the 15th edition of the Global Gambling Report has shown that global lottery revenues will contract less than casinos or betting. In 2020, global gambling revenues will fall by around 20% across all sectors. But global lottery revenues will decline by a more modest 10%.

No gambling sector has been totally immune from the pandemic’s impact and lotteries across the world have been forced to halt retail operations temporarily. It was back in January 2020 that China’s state lotteries extended their annual new year suspension to halt the virus’ spread. Other lotteries followed.

South Africa closed its lottery shops. New Zealand suspended retail lottery sales for four weeks and only re-opened about 45% of its network at end of April. Italy halted lotteries at the beginning of April, whilst Vietnam suspended lottery draws for 15 days in the same month.

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But lotteries in many jurisdictions have been able to continue holding draws and offering games, even though retail outlets were closed. This has enabled those lotteries with established digital sales channels to mitigate the retail restrictions.

One of the benefits to emerge from the shutdown could be greater investment in lotteries’ online sales channels. Lottery revenues still account for only 10% of all global interactive gambling and there is an opportunity for lotteries to take a much bigger share of the i-gaming sector.

The outlook for all gambling sectors, however, remains uncertain. The International Monetary Fund (IMF) has written that “many countries face a multi-layered crisis comprising a health shock, domestic economic disruptions, plummeting external demand, capital flow reversals, and a collapse in commodity prices. Risks of a worse outcome predominate.”

The future recovery for lotteries depends on multiple factors:

  • The lifting of national lockdowns.
  • The risk of ‘second waves’ of infection, resulting in further partial lockdowns.
  • Recession and unemployment reducing consumers’ disposable income and desire to spend.
  • Sustained changes in consumer behaviour and spending habits.

 

Whilst many countries are still battling their pandemics, it is hard to predict which factors will be the most influential and how they will interact with each other. Subscribing to GBGC’s specialist gambling reports will enable clients to keep up to date with developments in the world’s gambling markets over the next 12 months.

GBGC’s comprehensive Global Gambling Report is in its 15th edition in 2020. In the new edition GBGC has extended the forecasts until 2025 and has given its view as to how gambling will fare in the post-COVID world. There are also updated reports for more than 250 individual gambling jurisdictions.

 

Global Gambling Report – 15th edition

 

Gambling Statistics

 

GBGC's new (15th) edition of the Global Gambling Report is available now (https://www.gbgc.com/publications/)

SOURCE: Global Betting and Gaming Consultants .

 

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Kentucky Lottery Sees Rebound, Solid Sales Months

LOUISVILLE, Kentucky (June 26, 2020) -- In today’s meeting of the Kentucky Lottery Corporation’s board of directors, it was announced strong sales in the month of May has helped get the KLC back on track to meet budgeted sales amounts for the year.

According to Interim Chief Operating Officer Maggie Garrison, May sales were $132.1 Million, which is $33.7 Million or 31.9% more than budgeted.

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This was led by increases in our Scratch-off ticket sales, which jumped 46% or $29.4 million more than expected,” she said.

Total Scratch-off sales for the month were $93 Million. Garrison added the daily Pick 3 and Pick 4 draw games also saw significant increases, with Pick 3 exceeding budget by $4.7 Million (36.5%) and Pick 4 finishing the month with $1.5 Million more in sales than budgeted (38.6%).

Total iLottery sales continued to exceed prior year and budget and even increased 25% from April.

Garrison said June sales are on track to be another strong month.

Through April our sales were $57 Million behind budget, as the initial weeks of the pandemic were experienced,” said Interim President and CEO Marty Gibbs. “Opportunities for discretionary spend were limited and lottery products were available, which led to a significant rebound in May.”

Gibbs said the Lottery took steps in March to suspend all product advertising and shut down Keno monitors in retailers across the Commonwealth, and that these elements had been put back into place in the last few weeks.

In other business, the board approved a two-month bridge operating budget for July and August, along with rules and regulations for six scratch-off tickets, and new or amended rules for 19 Instant Play games.

The next meeting of the KLC’s board of directors will be Thursday August 20th. The meeting will begin at 1:00 PM EST, and will be held at the KLC headquarters at 1011 West Main Street in Louisville.

The audit committee meeting will begin at 8:00 AM EST, as well as the procurement committee at 9:00 AM EST.

For More Information CONTACT: Chip Polston, T: (502) 523-6067.

SOURCE: Kentucky Lottery Corporation.

 

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The ONCE Approves Its Second Corporate Social Responsibility Master Plan

SPAIN (June 29, 2020) -- The Permanent Executive Commission of the General Council of the ONCE has just approved the new  CSR Master Plan ONCE 2020-2022  that will set the guidelines of the Organization in this matter and will consolidate a  Corporate Social Responsibility (CSR) system  within the management, once the validity of the first CSR Master Plan 2017-2019 has ended.

In the face of the extreme health, economic and social crisis caused by Covid-19, the CSR of organizations must be more present than ever. In this sense, the ONCE has turned to solidarity, reaffirming its link with society, both for blind people affiliated with the Organization, workers, and the rest of the citizenry.

This commitment to social responsibility is now evident with this new CSR Master Plan, which defines 6 strategic lines to follow, establishes 17 objectives to be met and has 77 lines of action to be carried out to achieve it.

The aim is to transversally manage the strategic initiatives related to social responsibility and ethical, economic, environmental and social issues identified as relevant by stakeholders, attending to the new needs of society, all framed and aligned with the Sustainable Development Goals (SDGs) of the United Nations 2030 Agenda.

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In this sense, the strategic lines that make up the ONCE 2020-2022 CSR Master Plan are the following:

  • Quality and innovation of our social services: social services must be provided with quality, applying an approach towards excellence, which implies intensifying social innovation and being responsive. We will also continue to generate quality employment for people with disabilities.
  • Social and responsible lottery: we must remain at the forefront in the development of responsible gambling policies and in the protection of vulnerable consumers and the promotion of responsible behaviour towards gambling. It is essential to value our social and responsible lottery model before society.
  • Our team of people: we must take care of our human team promoting their development and commitment, guaranteeing equal opportunities and non-discrimination and ensuring an attractive and safe working environment. Likewise, we will manage as a priority the generational replacement of the professional staff.
  • Good governance, sustainability and ethics: we must ensure transparency, ethical management and credibility in operations, promoting a culture of integrity and responsibility for the entire workforce, as well as for suppliers. It is also necessary to guarantee economic sustainability, promoting best governance practices, developing innovative solutions and promoting a socially responsible management model.
  • Reputation communication and measurement: We must maintain our reputation so that ONCE continues to be easily recognizable and reliable. Our brand is synonymous with social commitment and a leader in the disability movement.
  • Commitment to the environment: we must align the environmental performance of sustainability with our outstanding position in the social field, contributing to the fight against climate change and the reduction of environmental impact. We will also transfer this commitment to our staff and suppliers.

 

SOURCE: Organización Nacional de Ciegos Espanoles (O.N.C.E) via CYBELAE.

 

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The Secretary of State Has Reappointed Stephen Cohen as Commissioner of the Gambling Commission

From: Department for Digital, Culture, Media & Sport

LONDON, U.K. (June 30, 2020) – Stephen Cohen has been reappointed by the Secretary of State for Digital, Culture, Media and Sport as a Commissioner of the Gambling Commission for four years from 12 November 2020 to 11 November 2024.

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Stephen has over 40 years’ experience in asset management, in Asia, Europe and the USA. He started his career with Mercury Asset Management and worked both as a portfolio manager and in business development.

Stephen is also on the board of the Health & Care Professions Council, a healthcare regulator and is Chair of Audit for both the JPMorgan Japan Investment Trust plc and the Schroder UK Public Private Trust plc. Stephen brings a global business perspective, deep experience of finance and financial services regulation, corporate governance, as well as board engagement, activism and fintech.

This role is remunerated at £295 per day. This reappointment has been made in accordance with the Cabinet Office’s Governance Code on Public Appointments, the process is regulated by the Commissioner for Public Appointments. The Government’s Governance Code requires that any significant political activity undertaken by an appointee in the last five years is declared.

This is defined as holding office, public speaking, making a recordable donation or candidature for election. Mr Cohen has not declared any activity.

SOURCE: Department for Digital, Culture, Media & Sport.

 

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NeoPollard Interactive Congratulates Virginia Lottery on Successful iLottery Launch

Expanded partnership between NPi and the Virginia Lottery introduces full iLottery program to Virginia Lottery players

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LANSING, Michigan (July 1, 2020) – NeoPollard Interactive LLC (“NeoPollard Interactive” or “NPi”) is proud to celebrate the Virginia Lottery’s successful launch of its comprehensive iLottery program on July 1, 2020. Through a five-year contract extension to October 2026, with an option for renewal to 2031, NPi is honored to strengthen its longstanding partnership with the Virginia Lottery to enhance its existing eSubscriptions solution to include single-ticket, same-day purchases of draw-based games and a compelling portfolio of NPi’s industry-leading eInstant games at launch.

NPi first partnered with the Virginia Lottery to provide an enhanced eSubscriptions solution and related services in 2016, following a competitive procurement process. Since then, the Virginia Lottery has been leveraging NPi’s NeoSphere iLottery platform and NeoDraw Central Gaming System to enable an end-to-end digital experience for players to purchase subscriptions online for Mega Millions, Powerball, and Cash4Life games. The eSubscriptions solution has grown significantly since launching in 2016, slated to generate $18 million this fiscal year, an increase of approximately 27% over fiscal year 2019.

With the introduction of a portfolio of the best performing eInstant games in North America, and the ability for players to purchase single tickets of their favorite draw-based games, the Virginia Lottery is just the sixth lottery in the U.S. to offer the capability for players to purchase a full suite of lottery games online. The timing of today’s launch is significant in that the legislation enabling online lottery sales comes into effect as of July 1, 2020. The Virginia Lottery team was steadfast in their commitment to delivering iLottery on this date to maximize funds raised for K-12 public schools.

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“The collaboration between the Virginia Lottery and NPi teams demonstrates a shared commitment to bring a top quality online lottery option to Virginians,” said Virginia Lottery Executive Director Kevin Hall. “We are excited that our customers now can access our games wherever they are and whenever they want. By modernizing the way we deliver our products, we provide the convenience consumers have come to expect and also strengthen our ability to continue generating millions of dollars for Virginia’s K-12 public schools."

“NPi is honored to celebrate with the Virginia Lottery team who worked tirelessly to ensure a successful launch of its iLottery offering today – the first day authorized by the legislature,” said Liz Siver, General Manager, NeoPollard Interactive. “This exciting day is the culmination of the Virginia Lottery’s careful attention to every fine detail of its program planning, strategy, and goals to ensure it will delight players and maximize funds in support of public education. We are grateful to our partners in Virginia for entrusting the success of its iLottery offering to NPi!”

The contract extension provides for an additional term of NPi’s iLottery managed services, including player experience services, such as NPi’s 24/7 Customer Support Center, and revenue-generating services such as game content and development as provided by NPi’s in-house Game Studio. The launch of the Virginia Lottery’s comprehensive iLottery program stands as a testament to NPi’s stature as the trusted provider of the most profitable iLottery programs.

About NeoPollard Interactive

NeoPollard Interactive LLC (“NeoPollard Interactive”) is jointly owned by two of the world’s most trusted and reputable companies in lottery and internet gaming—Pollard Banknote Limited (“Pollard Banknote”) and NeoGames S.à r.L. (“NeoGames”). Established in 2014, NeoPollard Interactive combines the marketing expertise and extensive worldwide lottery experience of Pollard Banknote with the proven leadership and technology of NeoGames in launching new online and mobile gaming products and services suited to an ever-evolving marketplace. The company leverages the strengths of each partner company to develop, implement, operate, and maintain innovative online gaming services that enable regulated lottery clients to generate revenues for good causes.

For More Information About Neopollard Interactive, CONTACT:

 

Doug Pollard

Co-Chief Executive Officer

Telephone: 204-474-2323

E-mail: doug.pollard@neopollard.com

Moti Malul

Co-Chief Executive Officer

Telephone: 1-734-353-4275

E-mail: moti.malul@neopollard.com

 

SOURCE: NeoPollard Interactive LLC.

 

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Passing of Racing Industry Bill Signals New Era for New Zealand Racing and Sport

Press Release: TAB

NEW ZEALAND (June 25, 2020) -- The revitalisation of New Zealand racing has taken a significant step forward following the passing of the Racing Industry Bill following its third and final reading today at Parliament.

Racing Industry Transition Agency (RITA) Executive Chair Dean McKenzie said the Bill, which transfers racing administration functions to the racing codes and establishes TAB New Zealand (NZ) with a clear mandate as a commercial betting operator, delivers the critical reform required to enable the industry reach its potential.

“The changes which underpin the Racing Industry Bill require the TAB to have a resolute focus on our customers and maximising profit for the racing industry and returns for sports, while at the same time ensuring a strong commitment to responsible gambling.

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“Many of the changes enabled by this Bill have been mooted for decades but never progressed. It’s significant to see some of these proposals finally put into action.

“RITA was established by the Minister for Racing one year ago to enable the transition of the industry into a financially sustainable future. Despite the significant impact of COVID-19, the Government has been steadfast in their commitment to New Zealand’s racing industry and tens of thousands of New Zealanders who depend on it for their livelihoods.”

In addition to the creation of TAB NZ and additional responsibilities for the Codes, the changes include a requirement for offshore bookmakers to pay for their use of New Zealand racing and sport information, a new approval authority for introducing new wagering products, changes to address unresolved, historic venue structure issues, the establishment of the Racing Integrity Board and the creation of Racing New Zealand as a collaborative forum of the racing codes.

The passing of the Bill results in the dissolving of RITA, however the current Board of RITA has been confirmed as the interim Board of TAB NZ pending future appointments under the new legislative process by the incoming Government.

McKenzie added that the new Bill provided added impetus for the racing industry to work together in a positive and constructive way under a new framework.

“The passing of two pieces of far-reaching racing legislation in the last 12 months has given the New Zealand racing industry all the necessary levers to enable it to deliver a financially sustainable future. What it does with those levers presents unprecedented, generational opportunity.”

“On behalf of the RITA Board, we want to thank the Minister for Racing - Rt Hon Winston Peters, Government officials and the Select Committee for their commitment and focus in passing this important Bill.”

The Racing Industry Bill will come into effect on 1 August 2020.

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SOURCE: TAB Press Release via Scoop Media.

 

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Realistic Games Launches BAR-X™ Pull Tab in Collaboration with Electrocoin

Network release follows widely successful exclusive launch with 888bingo

READING, U.K. (June 25, 2020) - Award-winning content developer Realistic Games has launched Bar-X™ Pull Tab to its entire network, a modern instant win title based on the iconic land-based brand.

After becoming the first Realistic game to launch exclusively with 888bingo, the Pull Tab is now available to all of the supplier’s partners, offering engaging gameplay with slot-inspired features and a classic theme to maximise cross-sell potential.

Bar-X™ Pull Tab features four tabs that players virtually pull back to reveal prizes, which include cash pay outs, free games and re-triggers up to a maximum win of 2500x their bet.

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As players pull back the tabs, finding scatter symbols will award them entry to the Free Games Bonus Round. Finding 2 scatters awards 10 free games, whilst finding 3 awards 30 free games. Each win line in the bonus round contains a win multiplier up to x10. The Free Games Bonus Round can be re-triggered.

Bar-X™ Pull Tab has been available to players exclusively through 888bingo for a four-week period and follows the release of Bar-X™ Game Changer, an innovative online slot based on the classic Electrocoin brand that features Realistic’s unique board game bonus round.

Robert Lee, Commercial Director of Realistic Games, said: “We’re massive fans of the Bar-X™ brand and are proud to reinvent Electrocoin’s well-loved game for new online audiences, engaging players who prefer a quick and easy gameplay with an added twist.

“By incorporating mechanics inspired by slots, our instant win games have proven to boost cross-sell opportunity for our partners and Bar-X™ Pull Tab promises to be no different with a brilliant feature set.

“As our first exclusive launch with 888bingo, Bar-X™ Pull Tab is a significant addition to the Realistic portfolio, and we are looking forward to seeing continued high performance as it becomes available to the network.”

Gabino Stergides, President of Electrocoin, added: “We are very excited to see the Bar-X™ brand in the new form of the Pull Tab, exclusive to Realistic Games.  We are very much looking forward to building our relationship with a number of other titles in the coming months.”

Source: Realistic Games press release.

 

IGT NASPL

 

IGT Streamlines Business and Leadership Under New Organizational Structure

 

- Aligns with the Company's strategic focus.

- Provides a simplified, more agile, and customer-centric approach to market.

- Renato Ascoli appointed as CEO, Global Gaming.

- Fabio Cairoli appointed as CEO, Global Lottery.

 

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LONDON, U.K. (July 1, 2020) -- International Game Technology PLC ("IGT" or the "Company") (NYSE: IGT) today announced a new organizational structure focused primarily on two business segments: Global Gaming and Global Lottery. This new structure is designed to:

  • provide greater responsiveness to customers and players;
  • increase IGT's effectiveness and competitiveness in providing products and solutions that address the opportunities of each market segment;
  • harmonize best practices across both B2B and B2C channels in each product category; and
  • reduce complexity and increase organizational efficiency to support IGT's intrinsic value.

 

"A simplified organizational structure grounded in our core competencies creates a stronger, more focused IGT," said Marco Sala, CEO of IGT. "We have always maintained a customer-first mentality and are positioning ourselves to meet ever-evolving needs in a dynamic, global marketplace. Global product segments enable us to leverage our extraordinary talent, unique insights as both an operator and service provider, and economies of scale to continue delivering unrivalled gaming experiences and create value for all stakeholders."

Reporting to Marco Sala, Renato Ascoli will serve as CEO, Global Gaming; Fabio Cairoli will serve as CEO, Global Lottery. This new structure is effective from July 1, 2020, and IGT will start reporting its financial results under these two business segments starting with the third quarter of 2020. Financial results for the second quarter of 2020 will be reported in line with the legacy organizational structure.

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The Global Gaming and Global Lottery segments will have all of the key operating capabilities and autonomy necessary to manage the business, including product management, sales, technology and research and development. The business segments will be supported by central corporate support functions that remain largely unchanged from a leadership standpoint, with the addition of a New Business and Strategic Initiatives function. The new structure addresses key synergy and development areas, while continuing to ensure appropriate governance.

Global Gaming will have full responsibility for the IGT Gaming business, consolidating North America, International and Italy B2C Gaming responsibilities. This includes PlayDigital, Sports and Italy Gaming — led by Enrico Drago — as well as Global Gaming Sales, Global Gaming Product Management, Global Gaming Studios, Global Manufacturing, Operations and Services including Global Gaming Technology.

Global Lottery will have full responsibility for the IGT Lottery business, consolidating North America, International and Italy. This includes Global Lottery Sales and Operations, Global Lottery Product and Sales Development, and Global Lottery Technology and Support. This structure enhances global strategic vision and framework, leveraging proven customer focus and execution while positioning the organization for improved collaboration and best practices sharing.

Reporting to Marco Sala, Walter Bugno will lead a New Business and Strategic Initiatives corporate function. In line with the strategic objective of having a clear focus on our business' priorities within IGT's portfolio, this group is responsible for leading business development in jurisdictions where IGT is not present, and where — while there may be a company presence — there is no defined product segment presence.

Additionally, the New Business and Strategic Initiatives group is responsible for managing new in-country initiatives during the start-up phase and offering on-demand commercial support globally for key accounts with multiple product requirements. It will also be responsible for managing key strategic initiatives within existing jurisdictions as needed and as determined by company leadership. The group will work in unison with the two new global business units in delivery of all initiatives, with financials rolling up to Global Gaming and Global Lottery.

Executive Biographies

Prior to his appointment as CEO, Global Gaming, Renato Ascoli served as CEO, North America of IGT PLC. In this capacity, other than serving all North America Customers, he held global responsibility for product development, manufacturing, product management, technology and delivery of all the Company's portfolio outside of Italy.

Prior to his appointment as CEO, Global Lottery, Fabio Cairoli served as CEO Italy of IGT PLC, where he was responsible for managing all business lines, marketing services, and sales for the Company's Italian operations. Through his leadership of the largest lottery operator in the world, Mr. Cairoli shares insights and best practices with other organizations in the Company.

Prior to his role as leader of IGT New Business and Strategic Initiatives, Walter Bugno served as CEO, International of IGT PLC, where he was responsible for the management and strategic development of the International region. He led the Company's lottery, gaming, and interactive businesses throughout Europe (except Italy), as well as in the Middle East, Latin America and the Caribbean, Africa, and the Asia-Pacific region.

For more information about IGT, visit IGT.com, go to Facebook at facebook.com/IGT, follow us on Twitter at twitter.com/IGTnews, or watch IGT videos on YouTube at youtube.com/igt.

About IGT

IGT (NYSE:IGT) is the global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Gaming Machines and Lotteries to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 12,000 employees. For more information, please visit www.igt.com.

CONTACTS:

Phil O'Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452

Francesco Luti, +39 3485475493; for Italian media inquiries

James Hurley, Investor Relations, +1 (401) 392-7190

 

SOURCE: International Game Technology PLC.

 

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Camelot Lottery Solutions and Arkansas Scholarship Lottery Agree Two-year Contract Extension

Agreement will see CLS continue to provide consultancy services to help maximize net proceeds for scholarships in Arkansas

CHICAGO (July 1, 2020) – Camelot Lottery Solutions and the Arkansas Scholarship Lottery (‘ASL’) have announced today that an agreement has been made to extend Camelot’s strategic partnership role with the Lottery for a further two years.

The agreement will see Camelot Lottery Solutions continue to work with the ASL to help implement its commercial plans, with a greater focus on data-driven insights and business intelligence.

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Under the terms of the contract extension, Camelot Lottery Solutions is incentivized to improve net proceeds, ensuring all parties are aligned to maximize returns to Scholarships in Arkansas.

Wayne Pickup, CEO of Camelot Lottery Solutions, said, “We’ve been fortunate to work closely with the Arkansas Scholarship Lottery for the past five years and are exceptionally proud to play our part in helping to increase the money available for scholarships in the Natural State.

“Competition for the attention and dollars of consumers today is as fierce as it has ever been. We are passionate about ensuring lotteries like the Arkansas Scholarship Lottery remain competitive in a changing landscape by harnessing the power of data and intelligence to continue growing sales and delivering benefits to the communities it serves.”

Bishop Woosley, Executive Director of the Arkansas Scholarship Lottery, said, “Making sure the Lottery is in the strongest possible position to responsibly maximize returns to scholarships is always our number one priority.

“We want to provide our players with great experiences in order to benefit the citizens of Arkansas with more money for scholarships. Camelot has been a good partner to the Arkansas Scholarship Lottery in helping us to achieve that goal.”

Total lottery sales and net proceeds in Arkansas have grown by more than 25% since the beginning of the partnership between Camelot Lottery Solutions and the Arkansas Scholarship Lottery began in 2015.

About Camelot Lottery Solutions:

Camelot Lottery Solutions (CLS) is a leading lottery solutions and advisory provider to lotteries around the world. CLS’ digital and data platforms and digital services power some of the most innovative and fastest growing digital lotteries in the world, including the Illinois Lottery, the Irish and UK national lotteries, and Loterie Romande (Switzerland). CLS is the integrated business manager of the Illinois Lottery and is a long-term strategic partner to the Arkansas Scholarship Lottery.

For more information, visit camelotls.com.

About The Arkansas Scholarship Lottery:

More than 92 cents of every dollar of Lottery revenue goes to prizes, scholarships, retailer commissions, and other expenses in Arkansas. Since 2009, the Lottery has provided more than $803 million to help fund more than 542,000 college scholarships, more than $2.9 billion in prizes to players, more than $250 million in retailer commissions and more than $126 million in state and federal tax revenue.

For more information, visit MyArkansasLottery.com.

SOURCE: Camelot Lottery Solutions (CLS).

 

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Sportradar Signs 10 Year Agreement with European Handball Federation for Data Collection & Distribution Rights

LONDON, UK (July 1, 2020) --The European Handball Federation (EHF), EHF Marketing GmbH (EHFM) and Sportradar, a global provider of sports content and intelligence, today announced a long-term partnership to include official data collection and distribution to media organisations and betting operators.

The multi-year agreements, set to run until 2030, will see Sportradar, as the ‘official data partner’ of EHF and EHF Marketing, collect and distribute official EHF data to multiple media and betting entities. In addition, Sportradar will utilise the full breadth of its technological capabilities, including AI and machine learning, to develop new solutions for analyzing data and identifying new insights to improve the sport and provide an unrivalled experience for fans and EHF partners.

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The deal includes the collection of live data and comprehensive statistics for more than 1,500 national team and beach handball matches and more than 750 European Cup matches per season across all of European handball’s elite club competitions.

For the European Handball Federation, the agreement includes the Men’s and the Women’s EHF EUROs and their Qualifiers, the EHF’s younger age category events, the European matches of the World Championship Qualification and the Beach Handball EUROs.

On the side of EHF Marketing, the contract includes all matches in the EHF Champions League Men and Women, the EHF European League and the EHF European Cup.

Today’s announcement of the new cooperation follows the existing partnership between Sportradar and EHF and EHF Marketing which started when a multi-faceted data, marketing, and digital services agreement was signed in June 2017.

In February 2018, Sportradar further expanded its scope with the organisation to include the provision of education and monitoring services aimed at safeguarding the integrity of the EHF’s competitions.

The agreement with EHF underlines Sportradar’s expertise within handball and strengthens a portfolio that includes long-term relationships with HBL (German Handball Bundesliga), DHB (German Handball Association), spusu LIGEN (Handball League Austria) and HBF (German Handball League Women).

Martin Hausleitner, Secretary General of the European Handball Federation, said: “As European handball enters a new era, the agreement with Sportradar is another important piece of the puzzle to elevate our sport to new and unprecedented heights. We are making a significant step forward, not only in terms of the number of matches we are offering live scouting for, but also when it comes to the depth of data available for our fans and partners.”

David Szlezak, Managing Director of EHF Marketing, added: “It is absolutely vital to offer high quality and accurate data from the EHF’s club competitions. With this new cooperation, we are adding to the top-level scouting we have already achieved with Sportradar. For example, right from the first rounds, data collected in the new EHF European League will be on EHF Champions League standards. We are looking forward to working with Sportradar over the next decade to realise the full potential of this data.”

David Lampitt, Managing Director, Sports Partnerships at Sportradar, said: “We have a longstanding relationship with EHF and EHFM and we are delighted to have further extended our partnership to secure a long-term data and distribution rights agreement. We will be working alongside them to continue to grow the sport via our extensive network of media and betting partners.”

SOURCE: Sportradar media release.

 

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