Super Group (SGHC) Limited, a leading betting and gaming company, has recently announced the resignation of John Collins from its Board of Directors, effective 31 December 2023. Collins’s decision to step down relates to his investment in a National Hockey League (NHL) team. However, Super Group stressed that the two parties did not have any disagreements regarding the company’s practices.

The Departure Should Not Affect Current Operations

Collins is currently the chairman of the Nominating and Corporate Governance Committee of the Board and a member of the Audit Committee of the Board. Jonathan Jossel, who joined the company in May 2022, will take up the former position, ensuring Super Group can maintain its operations without disruptions.

Collins has been an integral part of Super Group’s growth and an influential figure during a year marked by significant development for the company. His departure comes at a time of impressive growth. In its recent third-quarter report, Super Group disclosed revenue of €356.9 million ($381.4 million), a notable 16% year-on-year increase.

The company attributed this growth to its expanding operations in Europe, North America, Africa, and the Middle East, despite declines in markets like South/Latin America and Asia-Pacific. Neal Menashe, CEO of Super Group, highlighted the remarkable third-quarter revenue, record monthly active customers, and predicted further expansion within the global iGaming sector for the company.

Collins Will Leverage His Sports Management Expertise

Collins’s decision to step down from his position on the Super Group board likely stems from his increasing focus on his interests within the NHL. He joined the New York Islanders ownership group in July 2023 as the Operating Partner for the Club. Collins’s rich history within the League shows his enduring dedication to the sport, and he will likely continue with his contributions.

Collins is more than qualified for his management position with the Islanders, drawing on his experience as COO of the National Hockey League, President and CEO of the Cleveland Browns, and a senior executive at the National Football League for fifteen seasons. He has been responsible for some pioneering developments within the NHL, and his business acumen will be invaluable to the team.

Collins’s decision to focus on his involvement in the NHL marks a transition for Super Group, which continues its trajectory of growth and expansion in the dynamic betting and gaming industry. While Super Group loses a seasoned industry veteran, it has the talent to ensure enduring success. Meanwhile, Collins is now free to pursue his priorities.

The post John Collins Resigns from Super Group’s Board to Focus on NHL Investments appeared first on Keno Wizard.

Soft2Bet, the powerful international supplier of platforms for online casinos and sports betting websites, has decided to detail its strategy regarding gamification features as a key component of the iGaming industry.

Yoel Zuckerberg, Chief Product Officer at Soft2Bet, described gamification as “more than a “nice-to-have” item for iGaming companies, the executive explained that gamification “drives substantial revenues and enables iGaming companies to keep up with technological advances.”

Soft2Bet, a company that also owns and operates ten different online gaming and betting brands, revealed that gamification has been a priority for them “from day one.” The company calls it “Motivational Engineering” and explains that technology is a key component which drives growth in the iGaming industry.

The supplier also revealed that legacy platforms which lack innovation could cause the industry to fall behind. To prove its claims, Soft2Bet gave the example of Betinia, its own brand that operates in Denmark and Sweden, two very competitive markets that also require strong regulatory compliance.

During the past twelve months Betinia recorded an increase in gross gaming revenue of 65 percent when compared to non-gamified brands. Moreover, the features adoption rate was 60 percent, demonstrating a strong engagement from players.

Soft2Bet also revealed that almost half of the players who engaged with the gamification features ended up depositing bigger amounts of money and also deposited with a frequency that was 30 percent higher.

Other key metrics also revealed improvements: average revenue per user went up by 70 percent for half of those who engaged with the gamification features, while the gross gaming revenue increased by more than 60 percent compared to those who did not engage with the features.

Fully Integrated

Soft2Bet made sure it integrated the Motivational Engineering technology fully in its Player Account Management system, delivering an easy to use and comprehensive gamification solution for its online casino operator partners.

The integration with their online casino platform is seamless, making the features easy to deploy from the back office. The platform also comes with gaming content created by a dedicated games studio, a payment gateway and solutions that are tailored both for online casino operators and retail venues.

Soft2Bet has received plenty of awards as recognition for their innovative work in the past. The company was awarded Best Online Product of the Year at MIGEA Awards 2021, Online Casino Provider of the Year and Platform of the Year at Sigma Awards, White Label Supplier of the Year at SBC Awards 2021, Workplace of the Year at Sigma Americas Awards, Highly Commended at EGR Nordics Awards 2022, and also the White Label Supplier of the Year at Starlet Awards.

Source: “Soft2Bet’s gamification features combine innovation with modern technology“. European Gaming. November 9, 2023.

The post Soft2Bet Declares Primary Focus on Gamification Features appeared first on Keno Wizard.

PAGCOR, the Philippine Amusement and Gaming Corporation, is undergoing a significant transformation, with plans to shift its focus entirely to regulatory functions by 2025. 

PAGCOR Commits to Employee Security Amid Regulatory Transition

At a recent event where Alejandro H. Tengco was a keynote speaker, he elaborated that the motivation behind the decision to transition to a purely regulatory role lies in PAGCOR’s dedication to equalizing opportunities and securing the future growth and sustainability of all gaming industry participants. This strategic move comes on the heels of PAGCOR’s earlier announcement to launch its online casino platform, Casino.Filipino.com, in the first quarter of 2024.

While the move toward regulation is aimed at benefiting the industry as a whole, it may have implications for some employees within the gaming sector. To address potential job displacement, especially in PAGCOR-operated casinos, the agency is actively formulating plans to mitigate these impacts.

Tengco emphasized that PAGCOR values its employees as its greatest asset and has been conducting town hall meetings across the country to reassure them. He stressed that there is no need to worry, as measures are in place to minimize if not entirely avoid, personnel displacement.

PAGCOR Aims to Achieve Gold Standard in Asian Gaming Through Regulation

In addition to focusing on its regulatory role, PAGCOR is making essential changes to its corporate structure, business processes, and procedures to enhance its responsiveness and competitiveness. These changes include consolidating into a single corporate office to streamline coordination and efficiency.

PAGCOR’s move towards privatization is expected to extend to its gambling operations, including the Casino Filipino chain of casinos that currently operates in eight locations across the Philippines. The agency’s commitment to regulatory oversight remains a priority, with the goal of ensuring the continued integrity and growth of the gaming industry in the region.

PAGCOR also initiated an extensive upgrade program for its self-operated casinos ahead of privatization. PAGCOR Chairman Alejandro H. Tengco unveiled three key initiatives, including modernizing its infrastructure, upgrading Electronic Gaming Machines (EGMs), and emphasizing the benefits of privatization to enhance the corporation’s competitiveness and regulatory capabilities.

Tengco expressed confidence in PAGCOR’s potential to become a gold standard in the Asian gaming scene as it shifts its focus to regulation. This transformation coincides with recent efforts to establish new rules for offshore gambling in the Philippines, aimed at addressing illegal offshore activities within the country.

The post PAGCOR Shifts Focus to Pure Regulation for Equitable Growth appeared first on Keno Wizard.