The SBC Weekly Digest for 17/01/20

Your weekly roundup of the most popular articles from SBC News, SBC Americas, CasinoBeats, Insider Sport & Payment Expert.

Good week for…
NEW JERSEY

The Garden State continued its trend of breaking records in sports betting, with gross gaming revenue for the year reaching the $3bn mark.

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PAYSAFE

Payments platform Paysafe elevated its omni-channel offering through the launch of the Cloud SDK from Handpoint.

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Bad week for…
UK BETTING INDUSTRY

A week of negative headlines sees Regulus Partners advise leadership to stop obsessing on regulatory outcomes and focus on ‘creating conditions of trust’.

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KINDRED

US expansion costs and weak sports betting margins are expected to hinder Q4 results for Kindred Group as the operator published its pre-market update this week.

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QUOTE OF THE WEEK
“@2x
“The biggest drivers of change will always be regulation and public opinion in this industry. Right now, the tide is very much against us and will continue to be unless we do something to change it.”

Christina Thakor-Rankin outlines what needs to happen for the industry to witness substantial changes in workplace diversity and inclusivity.

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NUMBERS GAME
10
The New York Lottery has extended its agreement with Everi Holdings Inc for a further ten years to continue offering the video lottery central system until September 2029.

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£7.6m
From April – December 2019, industry charity GambleAware received £7.6m in voluntary contributions from industry stakeholders.

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54
54% of consumers have admitted to researching products on social media platforms such as Instagram before making a purchase.

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$4bn
The $4bn acquisition of Honey by PayPal has been dubbed a ‘security risk’ by global online giant Amazon in a warning to its customers.

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VIDEO OF THE WEEK
What does 2020 hold video image 1920x1080

Following the glamorous SBC Awards last month, we spoke to industry stakeholders about their predictions for the year ahead.

Recommended Reading
Payment Expert spoke to licensing expert David Clifton on the implications of regulatory changes that face the UK gambling industry.

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With the sports betting bill in New York yet to gain the necessary approval from Senator Joseph Addabbo Jr, SBC Americas looks at why it should be included in the State Budget for 2020.

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SEM Global’s Philip Canavan emphasised to Insider Sport that gambling operators must be more diligent when it comes to advertising standards.

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Claire McDaid, VP of Bingo at Pragmatic Play, explains to SBC News why diversification is paramount when attracting new customers to play bingo.

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Sports Betting Community Ltd, Riverbank House, 1 Putney Bridge Approach, Putney, London SW6 3JD, United Kingdom

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