Macao Srl, a reputable stakeholder in the Italian iGaming industry, has entered a partnership with OKTO, a digital payment solution provider. Under the deal, the operator will use the provider’s cash-to-digital payment solution, OKTO.PVR, reportedly designed to revolutionize digital transactions in Italy while ensuring compliance with regulatory standards.

Dante Micucci, Country Manager Italy of OKTO, said: “Our partnership with Macao Srl reflects a shared commitment to payment compliance. OKTO.PVR, an innovative solution, simplifies adherence to new Italian regulations for iGaming operators, providing essential tools to thrive in this evolving regulatory environment. Our goal is to empower gaming operators with the necessary resources for success in the ever-changing regulatory landscape. OKTO.PVR embodies our dedication to innovation and delivering solutions that drive success for our partners.”

About the Partners

OKTO powers digital payments for retail and online environment and boasts of solutions facilitating cashless payments, as well as payment aggregation and multiple payments through a single integration. The OKTO.PVR product is an addition to the OKTO.WALLET product line tailored for the Italian Top-up Sales Points (PVR) market.

Macao Srl, a 100% Italian company and a renowned operator of legal gambling in Italy, offers a wide range of quality products and services, such as omni-channel online games for desktop, mobile, and app. The operator uses an innovative approach and a comprehensive technology to operate sports betting, live streaming, live casino games, poker, lotteries, and more. The company pays particular attention to market changes and the implementation of the latest solutions to meet the highest iGaming standards and simultaneously provide easy-to-use solutions to players.

B2B Partnership

The partnership between Macao Srl and the digital payment solution provider OKTO represents a move aligned with the operator’s strategy. The latest deal will therefore result in the OKTO.PVR integration with the operator’s respective payment facilities to enable fast, reliable and compliant transactions among operators and their customers.

Product Bridges the Gap

Andra Ribotta, chairman of the board of directors of Macao Srl, said: “Incorporating OKTO PVR into our offering was a seamless and efficient process. OKTO’s digital payment solution seamlessly integrates with Exalogic, enabling Macao Srl players to easily top up their i-gaming accounts with cash at retail locations equipped with recharge points. OKTO.PVR bridges the gap between the digital and physical realms, blending the excitement of online gaming with the tangible world of cash transactions. This ensures convenient access to funds and uninterrupted gaming experiences for our players.”

Source: “Macao Srl Joins OKTO’s Revolutionary Cash-to- Digital Payments”. EuropeanGaming. December 11, 2023.

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Moving forward, SIS’ 24/7 live betting services will become part of Altenar’s sportsbook offer, with SIS covering more than 76,000 events every year through its 24/7 Live Racing Content, which will also be the first product to be featured with Altenar.

Altenar Strengthens Betting Experiences with SIS

Altenar provides the platform for partner operators and as such, the 24/7 Live Racing Content module will also be available to its partner operators.

Another product that Altenar’s network of operators will benefit from is the SIS Competitive Gaming solution, which is a unique esports product that offers more than 200,000 round-the-clock events that are produced in-house. All the while, Altenar has been expanding its reach in individual markets, including Italy.

SIS guarantees that each of these events follows the highest integrity standards and ensures that players have access to a reliable and equitable betting experience on esports. This is the latest milestone for SIS which is looking to continually grow its reach and deliver its products with more providers of sportsbook infrastructure such as Altenar.

SIS head of commercial partnerships Andy Kelly has welcomed the opportunity to see Altenar and the company tie the knot on a sportsbook partnership. Kelly hailed Altenar’s own successes in growing its offer across the sports betting space worldwide and argued that the deal would have a significant geographical impact on SIS as well. Kelly added:

We are confident that our extensive and premium Live Racing Content, delivered from tracks worldwide, will prove to be a hit with Altenar’s partners and we look forward to the subsequent roll-out of our Competitive Gaming offering and highly popular numbers range.

SIS head of commercial partnerships Andy Kelly

Thinking Outside the Box and Injection Innovation in Betting

Altenar director of operations Antonis Karakousis was similarly excited about the opportunity that this collaboration brought. Altenar, Karakousis said, was constantly on the lookout to expand its offer and bring even more worthwhile experiences to its partner operators.

This is precisely what is happening through the tie-up with SIS, the director added, touting the value of innovative out-of-the-box betting experiences. “Regular short-form betting opportunities around the clock can only benefit our operator clients and we look forward to integrating the entire SIS range of products in the coming months,” Karakousis concluded.

SIS has been methodical in building up its reach as well. The company partnered with Spreadex in July to bring the platform its advanced CS:GO betting markets.

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The famous and trusted gaming and entertainment company, Caesars Entertainment, confirmed its plans for a massive renovation of one of its Las Vegas Strip properties, Paris Las Vegas. On Monday, the company unveiled details regarding a renovation with a price tag surpassing $100 million. The ambitious plan will see the company integrate Horseshoe’s Jubilee Tower into Paris Las Vegas. Caesars confirmed that the new tower will be named Versailles Tower.

Representing an investment surpassing $100 million, the new Versailles Tower is expected to offer an all-new interior, as well as exterior. This overhaul will help deliver some 756 luxury guestrooms. Additionally, the renovation will bring a pedestrian bridge that helps connect the new Versailles Tower to the existing Paris Las Vegas resort.

True to Caesars’ supreme hospitality, the new Versailles Tower will offer some of the biggest standard rooms on the Strip. The space per room will start at 436 square feet. According to Caesars, the renovation project is expected to be completed late this year. On the other hand, the pedestrian bridge will likely be finished early next year. The company is yet to confirm when a ribbon-cutting ceremony will be scheduled for.

Visitors to Benefit from Luxury Hospitality

Sean McBurney, Caesars’ regional president, acknowledged that Paris Las Vegas is a property that is loved by the guests as well as Caesars Rewards members. He explained that in the last year, the company has been focused on implementing improvements and enhancements that helped elevate the experience for Paris Las Vegas visitors. Those include the new concepts like Nobu and Vanderpump à Paris and the revamped sportsbook outlet, Caesars revealed.

“We know our guests, especially our Caesars Rewards members, love Paris Las Vegas. Over the past year we’ve made significant enhancements to elevate the destination, bringing new concepts like Vanderpump à Paris, Nobu, The Bedford by Martha Stewart and most recently, a completely renovated sportsbook.“

Sean McBurney, regional president of Caesars Entertainment

Now, according to McBurney, the new Versailles Tower will help make Paris Las Vegas one of the biggest resorts at the heart of Las Vegas, the Strip. The regional president spoke about the revamped interior and exterior that will help transform and improve the hotel rooms. Finally, McBurney said that visitors to the reimagined site will be able to enjoy different gaming options and amenities such as restaurants, once the project is completed this fall.

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