Month: August 2020

Jamaica to prepare legislation to regulate sugar consumption

first_imgJamaican officials urges Jamaica to consume less foods comprised of sugar, and exercise more to improve the nation’s health. Jamaican officials urges Jamaica to consume less foods comprised of sugar, and exercise more to improve the nation’s health. Less sugar, more exercisePrime Minster Andrew Holness says the next step in the Jamaica Moves (keep fit) campaign will be to take legislation to Parliament to regulate the sugar content in food products.However, Holness who was addressing a crowd in the town of May Pen in the central parish of Clarendon last week, said before this step is made, Jamaicans need to be educated about the ill effects of some of the foods they consume daily.Jamaica Moves road tourThe Prime Minister was attending the final in the series of Jamaica Moves road tours hosted by the Ministry of Health.In his address, Holness pointed out, “Non-communicable diseases (NCDs), such as diabetes, hypertension and stroke, are linked to our lifestyle and how we choose to live. We eat rice, yam, dumpling and banana on one plate and all of that is starch, which converts to sugar. When you have too much of that and you are not exercising, you start to put on weight.”Exercise regularly“We want all Jamaicans to be healthy. We recommend 30 minutes a day of relatively easy exercise, such as walking in the morning; or 30 minutes of moderate exercise daily (which) is good for all of us,” he added.The Prime Minister noted that he, too, had recently embarked on a healthier lifestyle by eliminating sugar and artificial sweeteners from his diet, and is encouraging all Jamaicans to either cut down or cut out sugar. He said he had also reduced his fat intake.“I am also encouraging you to eat more fruits and vegetables, like callaloo and cabbage. We, as a Government, are not just looking at the economy, roads and crime, but we take your health very seriously and are taking the message to you,” he said.Leads crowd in workoutAfter leading the crowd in a 20 minute workout, he commended  Health Minister Dr. Christopher Tufton for doing an excellent job with the Jamaica Moves campaign and for practicing what he preaches by exercising daily.Tufton, in his address, encouraged all attendees to move and participate in the evening’s activities, because “we are trying to get every Jamaican to understand the relationship between physical activity and healthy lifestyle”.“We have too many Jamaicans dying of heart failure, diabetes and arthritis because they sit too much, eat badly, and before they reach 70 they have to take five to six tablets and live at the hospital and doctor. We don’t want that,” he said.The Health Minister noted that “public health is not just about hospitals but encouraging Jamaicans to live healthy lives.”last_img read more


August 31, 2020 0

Caribbean governments urged to include disaster preparedness in budget

first_imgA call has been made for emergency management and disaster preparedness to be mainstreamed in the budgets of Caribbean countries.Barbados’ Permanent Secretary in the Ministry of Home Affairs, Gayle Francis-Vaughan, made the appeal Tuesday as she addressed a two-day Caribbean Humanitarian Assistance and Disaster Relief Seminar in Barbados. “Personally, as the Permanent Secretary in the Ministry responsible for disasters and emergencies, I would like to see emergency management and disaster preparedness mainstreamed in the budgets of our countries,” she said.Francis-Vaughan called on those present to remember the efforts that were made in the fight against HIV and AIDS when budget lines were developed, and funds were made available in every country.“We knew how much money we had and what we had to do with it. It is something you can discuss and explore; it is something that we should do. We have departments, but we have to properly fund them and give the resources to handle the very important jobs,” the Permanent Secretary maintained.Francis-Vaughan said issues related to the development of resilience in Barbados and support for the region were high on the Government’s agenda.Lessons from last year’s hurricane devastation She added that the devastation left behind following last year’s hurricane season was evidence that countries could never be totally prepared, and they could not do it all on their own.“It reminds us that the Caribbean region is really a family that comes together immediately if any one of us is impacted seriously by any sort of disaster but especially disasters brought on by hurricanes. No Caribbean country is alone when preparing for hurricanes and dealing with the aftermath.”Noting that Caribbean countries all shared a common apprehension and anxiety during the Atlantic hurricane season, Francis-Vaughan said they did not have to be lobbied during times of crisis because they rushed to each other’s aid.Commitment reaffirmed Executive Director of the Caribbean Disaster Emergency Management Agency (CDEMA), Ronald Jackson, said the effects of last year’s hurricane season had prompted the Heads of Government of CARICOM, during their annual conference last week, to reaffirm their commitment to the regional agency.last_img read more


August 31, 2020 0

South Florida’s Caribbean Bar Association and Island Syndicate join forces

first_imgFrom left to right: CBA President Charise Morgan-Joseph, CBA President-Elect Tricia-Gaye Cotterell, Island Syndicate Directors Calibe Thompson and David I. Muir | Photo credit: Anisha C Atchanah, Esq. Photo by David I Muir FORT LAUDERDALE, Fla. – Two of South Florida’s premier Caribbean diaspora entities formed an alliance on the evening of January 30, 2019. The Caribbean Bar Association (CBA) signed a memorandum of understanding with 0e, the media, arts, and entertainment creative agency behind international television brands including ‘Taste the Islands’, award-winning print publications, acclaimed art exhibitions including ‘The Reggae Reel’ and the upcoming ‘Caribbean Culinary Museum and Theater Exhibition Series’, and the production of major events in South Florida.The CBA is a voluntary bar organization that has grown from just over 25 lawyers at its inception, to well over 200 attorneys from the Caribbean-American community in South and Central Florida. Co-brandingThe group will enjoy co-branding on several Island Syndicate projects taking place across South Florida throughout the year. They will also have the opportunity to offer consultations to attendees of various Island Syndicate events, expanding their presence and community engagement. CBA members will enjoy special partner privileges and benefits, while Island Syndicate will benefit from the promotional and resource support of these valuable allies.The leaders of both organizations shared their excitement about the collaborative opportunities ahead. Champions of Caribbean excellence Island Syndicate Director David I. Muir said, “I’ve personally been very close to the bar for many years now. The potential to leverage our networks and influence to the benefit of both our organizations, and the communities we serve, is tremendous. Our statuses as champions of Caribbean excellence can only be made stronger going forward.” Charise Morgan, president of the Caribbean Bar Association agreed, “The CBA is committed to enhancing the work and lives of our members and community. This alliance will allow us to do both those things, alongside a team with the same stellar commitment to quality as our own.”last_img read more


August 31, 2020 0

ISSA Justified in Lamar Walker Decision

first_imgKINGSTON, Jamaica – We fully support the stance taken by the Inter-secondary Schools Sports Association (ISSA) on reserving its decision to deny Clarendon College student/athlete Lamar Walker from taking further part in the 2019 ISSA/WATA DaCosta Cup football competition.Defending champions Clarendon College was initially granted permission to suit-up the player, who led them to DaCosta Cup and Olivier Shield honors last season, but the decision was later reversed after other schools protested his participation in the competition, because he’s a professional player.He had already played in one game after returning from what was deemed “an assessment exercise” which lasted for three weeks with the famed Brazilian club, Vasco da Gama.It is understood that the school decided to appeal ISSA’s ruling because Walker is not now a professional player, but ISSA’s president Keith Wellington stood firm on the decision to disallow professionals from competing in its amateur competitions for secondary schools.From our vantage point, we are disappointed in Clarendon College’s desperation to have Walker play in this season’s competition, which has now reached the quarter-final stage.Where are their morals? Is it all about the win at all costs and glory for the school? What about what is best for the student/athlete?Does Clarendon College want the best for Walker, who brought titles to the school over the past few seasons, or are those in charge merely being selfish in their desire to have him bring further glory to the school? What about his future development in the game and how does another season at the lower schoolboy level aid in that development?The 19-year-old Walker only recently made his debut for Jamaica’s Senior Reggae Boyz, playing in two games against Aruba inside Kingston’s National Stadium, and at Stadion Ergilio Hato in Curacao.He came off the bench in the first game and looked every bit an international player in helping Jamaica to a workmanlike 2-0 win, then he was granted a starting place in a reshuffled starting team in Curacao and was masterful in helping Jamaica to a 6-0 hammering.He also netted his first senior goal in the game, scoring the third goal.But before his recent senior international exploits, Walker represented Jamaica at the Pan American Games in Peru for Under-23 players. There he was a standout in an otherwise ordinary Jamaican team performance, and his talent was spotted, which made for the three-week trial at Brazil’s Vasco da Gama.He excelled and at the end, the storied Brazilian club was ready to sign him, but unfortunately, time and circumstance conspired against the move. Firstly, according to reports, Vasco had thought that he was an amateur, having just emerged from the schoolboy competition.In that case, the club would have signed him as an amateur outside the official FIFA transfer window, but the deal fell through when it was discovered that he had a standing professional contract with defending two-time Red Stripe Premier League champions Portmore United.By this, the FIFA transfer window had closed and the possible move to the Brazilian club was delayed.Former Technical Director of Jamaica’s football program, Brazilian Clovis de Oliveira, who facilitated the move, bemoaned the unfortunate situation which stymied the deal.“Unfortunately, the windows closed and that’s why he did not sign a contract, but we are talking already to see that it happens in January because this boy is a great talent.“When I saw him training, basically with the ball, I did not see much difference between him and the other players, as he played with the Brazilian style,” added de Oliveira, who led the Jamaican Under-20 team to the FIFA World Cup Finals in Argentina in 2001.“He can make a difference because of his skill, his speed, control of the ball, good reading of the game. Those are the details that Brazilian coach told me about Lamar,” added de Oliveira, who served as technical director of Vasco’s youth department and acted as a technical observer to the senior team.For Walker, the stint in Brazil was an experience that excited him.“I missed out on the opportunity to sign with Vasco because the window close, and therefore I have to await the next window. My immediate goal is to represent Portmore in the Premier League and continue to improve my talent until the right opportunity comes,” he told the Jamaica Observer last month.“I learned a lot from my recent experience as it was a great eye-opener. I now better appreciate what professional football is all about, which is having the right mindset and attitude, and this is a very important part.”It is our view that another season floating through the lower schoolboy league would not have benefitted Walker as much as his talent and skill set demands. We believe testing himself in the top-tier Premier League, in which he is yet to feature, would accelerate his development much faster.It’s time that his handlers seriously examine the best long-term plan for this super talent and not let the opportunity go to waste. The Jamaican landscape is replete with such examples.Enough said.last_img read more


August 31, 2020 0

Extraordinary Economic Crisis Calls for Extraordinary Economic Measures

first_imgWASHINGTON, D.C. – Among the more dramatic and devastating effects of the coronavirus epidemic in America is the effect it’s having on the economy. This crisis is both a direct threat to the lives and the livelihood of Americans.And, because the most effective way of stemming the spread of the virus is to distant people from each other, most businesses have ceased to operate. This is resulting in the type of economic crisis, unlike any other seen in American history.The implementation of social distancing to stem the spread of the coronavirus means, according to the directives of the government, that people shouldn’t gather in groups of more than ten, and when in public should be six feet apart from each other. This means people cannot gather in restaurants, hotels, sport arenas, schools, colleges, offices, travel on cruise ships, planes, visit their barbers, beauticians, and shop at small businesses.Suddenly, the demand for most businesses has diminished. Without demand businesses have no revenue; without revenue, businesses cannot pay workers; without pay, workers cannot pay rent, mortgage, purchase food, and pay other bills. The result is a major economic catastrophe.Each time a government, local, state or federal, understandably, issue a directive to create more social distancing, instructing that more people stay at home, is the worse it becomes for the economy. More worrisome, where the economy is concerned, is that the restrictions on social contact will likely not end until the rate of coronavirus infection decline significantly, and widespread testing sparks confidence that the threat from the virus is greatly minimized. The problem is that there is absolutely no timetable for this.But the American economy cannot be allowed to wander without control risking a greater economic depression than what occurred in the 1930s. It is imperative that the federal government lead in taking measures to assist both workers and businesses, small businesses in particular.While large American businesses like airlines, and some hotel chains, may have some financial cushion to cope in the economic crisis, typically small business doesn’t have sufficient cash reserve to cover even a month of expenses if their revenues stop coming in. These businesses have very limited profit margins.On the other hand, large businesses also employ large numbers of employees. When airlines, cruise-lines, and hotel chains close, the rate of unemployment rises dramatically. It has been estimated that by March 31, over 20 million Americans could be unemployed depending on benefits like unemployment benefits.It is imperative that the assistance that government gives is balanced by providing citizens with cash or benefits that allow them to pay their inescapable bills, like rent, mortgage and food; and provide businesses with funds to continue paying their employees, even if they are not actually working, and also pay their inescapable business expenses.Normally during an economic recession, like that between 2008 and 2010, the government tries to stimulate consumer demand with stimulus plans that brings revenue to businesses and try to bring an early economic recovery. However, under the current circumstances, the objective of the government’s assistance is not primarily to stimulate consumer demand, since the businesses where most of this demand would be directed have been ordered closed to effect social distancing. So, what the government is doing in effect is taking measures to provide people with funds so they can stay home and be able to pay their basic bills, while simultaneously providing businesses with some of the revenue they are losing in the absence of consumer demand.The type of assistance required from the government is hard to understand because it has never happened before in recent memory. This assistance is going to cost the government trillions of dollars, and more if this crisis continues indefinitely.Some legislators may deserve understanding for finding it difficult to appreciate the need to vote for funds to pay millions of people to stay home so they can practice social distancing. This policy is totally opposite to their ideological thinking. But these are nor ordinary times. These are definitely not times for exercising one’s ideological preferences.These are times to save Americans from being decimated from a wicked virus, and to do this the government has to fill the financial gap existing within families and businesses as they try to avoid this virus.The financial measures are going to cost the government expenses hitherto not contemplated. But if the expenditure help to curb the spread of the virus and keep businesses in a position to rebound as soon as possible after the crisis ends, and keep families from bankruptcy and financial collapse, the measures will be worth it.last_img read more


August 31, 2020 0

London Baby Ice Breaker…Laurent Reysbosch – HiPay

first_img Submit Share StumbleUpon Laurent ReysboschContinuing SBC’s London Baby Ice Breaker series, Laurent Reysbosch Senior Vice President of iGaming at HiPay, details to readers what industry trends and agenda will dominate debate and discussion in 2017A London Baby sponsor, HiPay are a global payment provider processing more than €2 billon annually across 150 countries and 220 payment type. The firm sets itself apart in the saturated online payments sector by harnessing data analytics which helps deliver valuable customer insights which enable HiPay clients’ businesses to significantly more effective within their chosen sectors._______________________________What new service or product will HiPay be bringing to market in 2017?Laurent Reysbosch: Here’s what we are planning:Implementing local payment methods and industry standards ones to answers iGaming needs and offer the best deposit experience on every type of device. The launch of our Omni-channel payments solutions (A Payment-Bridge between Online and Land-based Casino’s/Betting shops)The launch of our Omni-channel payments solutions, which forms  a payment-bridge between online and land-based Casino’s/Betting shops)We’ll go further regarding payments analytics and insights to higher operators’ conversion rate, detect fraud behaviours and help operators to calculate direct return on marketing and communication investment.SBC: What do you think will be the industry buzzword this year and why?LR: 2017’s industry buzzword will continue to be data and mobile,  this surely has to be the trend for some time,  regarding new markets on offer to consumers, I eSport can be considered as another trendy buzzword.SBC:  Which new technology, service or consumer trend will have the biggest impact on the igaming industry this year?LR: In my opinion, Millennials will drive the market’s trends, and their mobile and social expectations are huge. Their engagement, tech–oriented mind creativity will surely have an impact on iGaming industry, and things will move quickly thanks to them and in their way.SBC: Why have you chosen to begin 2017 by sponsoring the London Baby Party?LR: The Human contact is essential for the HiPay IGaming Team. Then every networking event is interesting as it helps to understand customers’ needs in a friendly atmosphere and then come back to them with a custom-made approach.SBC: Finally, where can people expect to find you at ICE?LR: The whole team will walk around at ICE so, the main bar will be sort of an HQ for us. To meet our team, simply email us at [email protected] or call us, then you’ll meet people behind deposit._____________________________Laurent Reysbosch – Senior VP iGaming – HiPay Related Articles Alberto Alfieri: Leading the way for Gamingtec’s B2C growth August 25, 2020 Share Sweden: Soft2Bet CEO Chaikin on prospering in igaming’s brave new world August 18, 2020 Romania’s ONJN adds 20 sites to blacklist August 14, 2020last_img read more


August 30, 2020 0

‘Disappointing’ Sun Bets one of many impacts on Tabcorp balance sheet

first_img Tabcorp raises $371m through institutional entitlement offer August 24, 2020 Flutter moves to refine merger benefits against 2020 trading realities August 27, 2020 Share Senet Australia appoints Paul Newsom as new client advisory lead  August 27, 2020 StumbleUpon Related Articles Share Submit Major Australian operator Tabcorp believes it has learned some lessons in its involvement with new UK operator Sun Bets, although these appear to have come at a rather expensive cost.The performance of the brand was one of three major deficits to Tabcorp’s balance sheet, which has seen the company report a loss for the financial year of AU$20.8m (£12.6m) compared to a profit of $169m (£103m) the previous year.Tabcorp’s results show that Sun Bets made an operating loss of $47.6m (£28.8m) over the period, and that the firm also wrote down its Sun Bets assets by $20.7m (£12.5m). Other major costs for the company in this time included $53.9m (£32.6m) spent on the proposed merger with Tatts and $61.8m (£37.4m) to settle long running civil proceedings with AUSTRAC. All in all, Tabcorp’s significant items reached $199.7m (£121m), totally wiping out its profits after tax of $178.9m (£108m).The figures show why Tabcorp was compelled to ‘reset’ the Sun Bets business earlier this year with a management shake-up. Chairman Paula Dwyer commented: “The initial performance of Sun Bets has reminded us of the challenges of start-ups. As a consequence we have reviewed its operating model, capability and financial plans and have undertaken a range of initiatives to maximise the prospects of success in FY18 and beyond.”Managing Director and Chief Executive Officer David Attenborough acknowledged Sun Bets performance was ‘disappointing’ but said that the changes mean that the business is focused on customer acquisition and product development.He said: “While we had hoped for a better start to the business in its first 11 months of operation and with performance below expectations, we are confident that the steps that we have taken to recalibrate Sun Bets’ leadership and operations will deliver an improved performance in the year ahead.”The Sun owner News International and Tabcorp signed a 10 year deal on the Sun Bets venture, which sees the Australian operator guarantee a minimum fee every year to its partner. However there is a mechanism to end the agreement in 2019 if performance continues to struggle.Meanwhile Tabcorp and Tatts have said that they remain committed to the merger and are continuing to progress the transaction. Scheme documentation is expected to be released in September 2017, with a meeting of Tatts’ shareholders to vote on the combination expected to be held in October 2017. Tabcorp says it expects to complete the transaction in the last quarter of 2017.The Federal Court is scheduled to hear the ACCC and CrownBet’s applications for a judicial review of the Australian Competition Tribunal’s authorisation of the combination on 28-29 August. The judicial review will focus on discrete points of law rather than the factual findings of the Tribunal. Tatts has joined Tabcorp in opposing these applications.Attenborough concluded: “Our plan for FY18 centres on completing the combination with Tatts. At the same time, we have a clear set of priorities to drive performance in our core businesses and benefit from the strategic initiatives we delivered in FY17.“We will continue to focus on maintaining a disciplined approach to operating expenses and capital expenditure and delivering sustainable returns for our shareholders and partners.”last_img read more


August 30, 2020 0

Obrigado… Betway sponsors MiBR Comeback

first_img Share Anthony Werkman, BetwayBetway furthers its coverage and presence within esports, confirming that it will sponsor the newly reformed ‘Made in Brazil’ (MiBR) team.The partnership represents Betway’s second esports team sponsorship, with the bookmaker acting as a lead sponsor of Counter Strike outfit Ninjas in Pyjamas (NiP).Coached by Ricardo “DEAD” Sinigaglia, a leading figurehead in the Brazilian esports’ scene, the MiBR team has had one of the most colourful histories in esports.Founded in 2003, MiBR is Brazil’s oldest esports team, however, in 2012 the outfit dissolved.In 2018, Sinigaglia announced that MiBR would return to Counter-Strike competitions backed by new investment from leading esports franchise ImmortalsMIBR will appear in its comeback competition July 3-8 at ESL One Cologne.  Betway will receive significant rights and assets within the deal including access to MIBR’s star players for the creation of exclusive content.Betway’s Anthony Werkman, said: “Betway is delighted to support the revival of MIBR. We couldn’t be more excited to be working with them in bringing CS:GO fans closer to the team through exclusive content. “Esports is an extremely important part of our portfolio, and through the sponsorship of MIBR, we will continue to cement ourselves as a significant part of the CS:GO community.“We always strive to give back to esports fans by bridging the gap between the event and betting slip through producing great content and exciting markets in which fans can play.”Betway joins K-Swiss clothing, Tinder and Mountain Dew as lead sponsors of MiBR. As team backers, Immortals has confirmed that the team will relocate to Los Angeles to train and practice at the Immortals campusAri Segal, President and COO of Immortals and MIBR, said: “The pace of change in esports continues to accelerate and over the last several months, triggered in part by the repeal of PASPA, we see continued acceptance and adoption of legalized gambling in esports and around the world.“Establishing Betway as a founding sponsor of MIBR delivers professionalism and legitimacy to the esports gambling market in a way that most other names in this category could not. We are excited by the opportunity to develop new esports fans through this unique channel.” Belgian Pro League live betting streaming deal for Stats Perform August 21, 2020 Submit Related Articles Share StumbleUpon ESI Digital – No Drama Please… Esports growth should be treated as business as usual  August 20, 2020 Brazil appoints agencies to accelerate Sports Betting launch August 21, 2020last_img read more


August 30, 2020 0

BetVictor strikes deal to honour BetBright antepost bets

first_imgShare Submit The controversial cancelling of antepost bets by BetBright when the Irish based operator closed down earlier this month is to be rectified after the stepping in of Gibraltar-based bookmaker BetVictor.  Acting in a ‘personal capacity’, former BetBright Executive Chairman Rich Ricci has partnered with BetVictor to announce a plan which will enable former BetBright customers to have their Ante Post bets reinstated.Former BetBright customers that had Ante Post bets (excluding Cheltenham Festival) voided when BetBright ceased offering gambling services on 5th March 2019, may now choose to have their bets reinstated with BetVictor by 4 April. To do so, customers will be required to have a valid account with BetVictor. Commenting on the partnership, Rich Ricci said: “I am pleased that with the help of BetVictor, Ante Post bets placed by BetBright customers can be honoured.” Director of Sportsbook at BetVictor, Matt Scarrott said: “We’re happy to be supporting Rich to address this situation, enabling former BetBright punters to reinstate their Ante Post bets via our BetVictor betting platform – we’ll make the process as simple and frictionless as possible to provide customers with an enjoyable betting experience with us.”The cancelling of antepost bets proved hugely controversial after BetBright shuttered its operations the same week that it sold its technology stack to 888 for £15m. While 888 eventually agreed to honour Cheltenham antepost bets, given the festival was imminent, the antepost bets on other sports were unceremoniously cancelled as BetBright would no longer be licensed. The issue was further inflamed by the Gambling Commission seemingly rubber stamping the move. It also emboldened 188bet to take a similar if less harsh approach to its antepost book when closing its UK & Ireland operations earlier this week.The fact that BetVictor has been able to come to the rescue, and presumably pick up some active customers and goodwill into the deal, has got the UK Gambling Commission off the hook a little, but it appears that the regulator needs to have a think about its position on this in the near future. StumbleUpon Parliamentary report brands Gambling Commission as ‘toothless’ June 28, 2020 Sharecenter_img EveryMatrix ups CasinoEngine gamification tools with CompetitionLabs June 29, 2020 BetVictor boosts casino portfolio with EveryMatrix’s CasinoEngine June 25, 2020 Related Articles Its a horrible precedent, and the UKGC endorsing it shows a complete lack of understanding of gambling and their legal obligations as the regulator.Only viable options.1) hold bets till expiry2) close them at natural cash out value— Bernard Marantelli (@BernardColossus) March 26, 2019last_img read more


August 30, 2020 0

Trustly study finds 94 per cent support for instant withdrawals

first_img Share Submit StumbleUpon Internet Vikings appoints ‘marketing pro’ Stefan Backlund as corporate advisor March 20, 2020 Related Articles Share SBC Digital Summit: ‘Cashless’ environments to take centre stage when retail returns – Samuel Barrett April 30, 2020 SBC Magazine Issue 8: International expansion and picking up the sporting slack April 7, 2020 94 per cent of players want instant access to their winnings, according to research from Trustly on nine of Europe’s leading countries for online sports betting and gaming.The online payment solutions provider was testing the hypothesis that payments, specifically fast payments, can create player value for a sample size of 1,700 across Spain, Poland, UK, Germany, Denmark, Finland, Sweden, the Netherlands and Estonia.“Traditionally, online gaming sites have lacked the instant gratification a player gets from winning in a land-based setting due to a delayed withdrawal process,” explained Ciaran O’Malley, Head of Commercial Strategy at Trustly. “While offline players walked away with winnings instantly, online players often had to wait several days to claim their prize.”The study, designed to examine the power of fast payments, alleviated the old-school operator concern that instant withdrawals will reduce revenues. It found that, on average, 80 per cent of players would play more often if offered instant withdrawals. In Spain, more than 90 per cent of players would play more.O’Malley said: “Operators are concerned about losing revenues through allowing their players to withdraw instantly, when in fact instant withdrawals represent a revenue growth opportunity. “Player acquisition costs are now so high that maximizing loyalty is key to profitability. Our study found that players will reward a great service by playing more.”While 94 per cent was the average amount of players who craved instant access to winnings, this figure actually reached 99 per cent in both Finland and Spain. In fact, Sweden was the only country that dropped below the 90 per cent mark (88 per cent).The second key finding of the Trustly study was that players want to deposit immediately from their bank accounts. This has led to a growing demand for automated bank payments, with over three-quarters (78 per cent) of players surveyed feeling comfortable paying via bank transfer.Despite being typically considered as “card markets”, players in the UK (87 per cent) and Denmark (79 per cent) were comfortable paying via bank transfers. This is influenced by the comparative ease of remembering your bank account details over your card number.In all nine of the countries, more players had memorised their bank log-in credentials than card number and security code. Poland came out on top for the number that could recount bank details with a high of 85 per cent, with Denmark close behind (84 per cent).The third and final key finding was that it is especially crucial to cater for VIPs. While 80 per cent of regular players said they would play more often if offered instant withdrawals, this figure reached 87 per cent among VIPs. The sentiment was especially felt in the UK, Spain and Poland, where VIPs agreed roughly 20 per cent more than other players.Given that these are customers with a preference for playing with higher amounts, it was perhaps unsurprising that more than 40 per cent of them said that instant withdrawals added the most value in the €100-€500 category, against just 20 per cent for less than €100.Finally, whereas 78 per cent of regular players said they were comfortable playing from their online bank, this number hit 87 per cent for VIPs. This included 95 per cent of VIPs in Finland, 94 per cent of those in the UK and 92 per cent in Denmark.O’Malley concluded: “Sports betting and gaming operators have traditionally solved the problem of acquiring players by offering larger and larger headline bonuses. “However, as this ‘race-to-the-bottom’ arrives at breaking point, highlighted by a widespread bonusing crackdown by the industry’s regulators, these operators can now leverage the power of fast payments to create the ‘wow-factor’ to stay ahead.“The transition into this new landscape – one in which the powers of the standard acquisition through bonus model starts to wane – will undoubtedly create winners and losers. Those that act quickly and effectively have a considerable opportunity to redefine player acquisition and loyalty, ultimately driving growth and profitability.”To download ‘The power of fast payments’ ebook from Trustly, click HERE.last_img read more


August 30, 2020 0