Showing posts with label Mansion. Show all posts
Showing posts with label Mansion. Show all posts

June 01, 2020

UK gambling regulator probing M88, Mansion Europe ‘model and operations’

Online gambling operator Mansion’s predominantly Asian-facing M88 brand is reportedly under investigation by UK gambling regulators, resulting in the brand losing its English Premier League sponsorship. 

On Friday, EPL club AFC Bournemouth announced that it wouldn’t be renewing its shirt sponsorship deal with M88 aka Mansion88 when it expired Sunday. The club thanked M88 for its support over the past three years but said it would finish the remainder of the EPL’s current season – which resumes play on June 17 – using a different kit. The sleeve sponsorship with parent company Mansion is reportedly unaffected. 

On Saturday, The Athletic reported that Bournemouth’s decision came after being informed that the UK Gambling Commission (UKGC) was “currently looking at various aspects of M88 and Mansion Europe model and operations.” 

It’s unclear specifically what aspects of that model are under the UKGC microscope but in April, UK media reported that the UKGC was looking at the VIP scheme of Mansion’s MansionBet brand. The report quoted a Mansion rep telling a customer that the site didn’t like requiring customers to reveal the source of their gambling funds “but we have to do it because the UK gambling regulators make us do it.” 

The Mansion Group is no stranger to being on the receiving end of gambling regulators’ disciplinary tools, having been fined €150k by the Netherlands Gambling Authority several years ago for accepting Dutch customers without Dutch permission. 

M88 recently announced that it was withdrawing its services from Cambodia and Malaysia. The company didn’t specify the reasons behind the exits, although those two markets are believed to be small potatoes compared to the brand’s business in China, Thailand and Vietnam. 

The Daily Mail reported that if Bournemouth couldn’t come to terms with a new commercial sponsor, the club could end up featuring a ‘thank you’ message to COVID-19 frontline medical workers on its kit for the nine games remaining in the current EPL season.

May 31, 2020

Mystery Abounds as 138.com Shuts operations; M88 leaves Malaysian, Cambodian Market

Mystery abounds as online gambling operator 138.com shuts down for unknown reasons. Another operator, Mansion88, also exited Malaysia and Cambodia. 
 
At the beginning of this month, several Asian affiliates started reported that 138Bet/138.com would shut down operations. The operator, in a statement, assured customers that they would be allowed to withdraw funds from their user accounts, and also informed suppliers that they would cease their cooperation. 
 
Reasons for 138.com’s rushed exit are not clear. Some gambling affiliates stated that the website would be closed temporarily because their supports based in the Philippines were offline due to lockdown in the country. However, this seems highly unlikely, considering that 138.com has gone offline completely. 
 
Supplementary sources think otherwise, claiming that the reason the site went offline is that its parent company, Suncity Group, is under immense pressure from key stakeholders, who want the company to disassociate with online operators completely. In other news, M88 is scheduled to withdraw its services from Malaysia and Cambodia from the 31st of May. Its customers were notified that the company would discontinue all its promotions starting on the 25th of May. However, they will be allowed to continue gambling with whatever balance is in their accounts. Those wanting to withdraw should do so by the 31st of May. 
 
The company claimed that Malaysia and Cambodia are small markets, compared to Vietnam, China, and Thailand. However, quick research has shown that the company has been recruiting gamblers, propagating the notion that it is the most popular operator in both countries.

August 17, 2017

How gambling has replaced beer on Premier League shirts this season

The season began with Emirates Airlines against Thai duty free giant King Power. Saturday’s games included the clash of the Malta-based bookmakers, ManBetX against Ope Sports, and another all-gambling clash when Kenya’s SportPesa take on England’s very own Bet365.

Premier League shirt sponsorship has changed beyond recognition since the days when Queens Park Rangers promoted Classic FM and Blackburn Rovers McEwan’s Lager. Just as the league itself has modernised, globalised, a magnet to foreign interest and foreign money, the shirt sponsorship market has followed.

This season will see just four UK-based brands on Premier League shirts, the lowest number in history. And, not unconnected to that, it will see nine bookmakers as shirt sponsors, one down from last season’s record of 10.

Looking at the changes in shirt sponsorship over time shows how clearly the market has changed. When the Premier League started, in 1992-93, the biggest sectors for shirt sponsorship were consumer electronics, with six deals, and beer, with four, according for research for The Independent by Ken Berard. Electronics and beer remained a steady presence through the 1990s before dwindling in the 2000s. Last season there was just one beer sponsor, Chang Beer on Everton’s shirts. They have now been replaced too, and this year, for the first time in Premier League history, there will be none.

The story of the second half of the Premier League era has been the story of gambling replacing alcohol as the sector that dominates its shirts. When BetFair first appeared on Fulham’s shirts in 2002-03 it felt quirky but now it is utterly commonplace.

Alcohol was synonymous with the first decade of the Premier League, which had Carling as its title sponsor from 1993 to 2001. But while beer partnerships are still part of the fabric of English football, those brands do not take quite the same direct approach as they used to. “The market reflects a changing dynamic among alcohol brands,” explained Tim Crow, CEO of leading sports marketing firm Synergy, “as beer brands have moved away from shirt sponsorship.”

The Portman Group is made of Britain’s leading alcohol producers and three years ago they brought out a new sponsorship code advising brands to be responsible in their sponsorship of sports, in part because they do not want to be seen to be marketing to children. Of course all Premier League teams have their own alcohol partners, but those brands have now stepped back from shirt sponsorship itself.

Into that space, gambling firms have moved. It is easy enough to see why it is an attractive move for them. With global viewing figures higher than ever, a shirt sponsorship is a fairly cheap way to reach millions of people all over the world. “The Premier League is a global advertising platform because of its reach,” Crow explains. “As a global advertising campaign for a brand, shirt sponsorship can be a cost-effective media buy.”

The big six clubs are so famous now that their shirt sponsorship deals are appropriately expensive. Chevrolet pay an estimated £53million to sponsor Manchester United’s shirts, Yokohama Tyres pay £40m each year to Chelsea. But while the top clubs charge a premium, for the smaller 14 it is a buyers’ market. Their shirts will cost in the mid-single figures of millions for each year. Not a big price to pay to be seen all over the world.

Online gambling is becoming bigger and bigger business, as anyone who watches football on television knows. In 2014 football revenues exceeded those for horse racing for online bookmakers in the UK and the gap has continued to grow since.

While only Bet365, who sponsor Stoke City and BetWay, who sponsor West Ham United, target the UK betting market, there has been a recent rise in investment from foreign bookmakers. They are far less interested in the UK markets, and more in the global audience the Premier League provides. That is why Sport Pesa, ManBetX, Fun88, LeTou, M88, Dafabet and Ope Sports – brands not especially well-known in the UK – are now seen on our televisions every weekend, during the segments of football that break up the adverts for British bookmakers.

While there is some criticism from the marketing industry that shirt sponsorship is a very “blunt instrument” ill-suited to reaching a targeted audience, there is little doubt that the sponsors themselves are happy with their investment. A source close to one such deal said that the sponsor found it to be “incredibly effective”, not just through the shirts on the players themselves, but the LED exposure around the pitch and even fans wearing the shirt all over the world.

But there is also a concern that, not for the first time, English football has sold out to the highest bidder. There are times when a Premier League match, whether live or on television, can look like an advertising channel for the gambling industry.

In June this year the Football Association ended its sponsorship deal with Ladbrokes, deciding that it was not appropriate for a governing body to have a gambling partner, in the light of the Joey Barton ban. In doing so the FA gave up an estimated £12m. That moment could yet mark a change in English football’s relationship with gambling money. Or, as the tide of cash comes in, and the clubs keep saying yes, it may not.

June 03, 2014

Vietnam charges 59 over links to M88.com sports betting site

Vietnamese authorities have filed charges against 59 individuals over their involvement with online sports betting site M88.com. The illegal betting ring was broken up last January following a three-year investigation into the local connections of the Philippines-based website. Police said the ring involved some 12k locally registered bank accounts the site used to transfer money to and from local bettors via agents on the ground. The ring is believed to have processed wagers worth hundreds of millions of US dollars before being shut down.

Among those facing organized gambling charges are Nguyen Le Sang, a former deputy director of PR and marketing at the Vietnam International Bank. Thanh Nien News reported that Sang was paid US $100k to open eight bank accounts through which more than VND 585b (US $27.6m) in betting funds was transmitted. Cu Thi Thanh Hai, a former deputy director with telecom firm News Plus, was paid $35k for opening six accounts through which VND 64b was wagered. Two other agents are accused of opening accounts handling over VND 500b apiece, for which they received unknown remuneration.

Nugyen vo Hoai Tram, also a director at News Plus and the ring’s alleged mastermind, remains at large. Police say Tram began his relationship as M88’s advertising agent in 2010. The timing of the charges was no doubt intended to remind other would-be sports betting entrepreneurs that handling wagers on this month’s FIFA World Cup is not without its potential downside.

Not content to focus on football, Vietnamese authorities are also taking action against illegal lotteries. A major illegal numbers operation that handled “dozens of billions” in daily wagers (12b VND = US $564k) was broken up in Ho Chi Minh City last month. Players could win up to 80x their original wager by playing the so de numbers game, which was based on the official state lottery. Police fingered 36-year-old Nguyen Ngoc Thang as the ringleader who utilized dozens of agents across the city to collect bets and pay winnings. Police arrested 28 individuals and seized computers, phones, fax machines and over VND 2b in cash.

July 29, 2008

Mansion's owners move into online banking

The owners of online gaming company Mansion have launched an independent online bank aimed at gaming enthusiasts.

FSA-regulated Ivobank will provide its customers in the UK, Ireland, Canada and Spain with instant transfers, competitive rates of interest and a virtual debit card.

Ivobank’s managing director Timothy Sawyer said the online bank aimed to fill a gap in the online gaming market.

”The online gaming industry has developed rapidly in recent years, but the financial services supporting it have not kept pace,” said Sawyer.

”Many online businesses and customers have been ill-served to date, resulting in relatively high costs and relatively low levels of service.”

Gibraltar-based Mansion has suffered a number of setbacks in the past couple of years, including the closure of its sportsbook business and disappointing results from its sponsorship of premiership football club Tottenham Hotspur. But billionaire backer Putra Sampoerna is optimistic about this latest venture, with plans to attract one million customers during the next five years.

October 11, 2007

Mansion live on Ongame

Gibraltar-based operator Mansion went live on the Ongame network last night. Mansion had been expected to join a poker network for some time and with Playtech already providing it with its casino games, it was expected to join the company’s iPoker network.

Guy Gussarsky, chief executive of Mansion, said: “We chose Ongame as one of the most tried and trusted platforms online and for their superior poker software, but an equally important deal-maker has been their ability to enhance our business rather than consume it.”

With its casino and poker products now being supplied by two different providers, a source close to Mansion said the integration of all the products would require some extra work but would not bring substantial problems. Asked why it had chosen Ongame over Playtech, they said: “The intention of the company is to provide its services with the best poker and casino products and Ongame have been experts in online poker from the start while Playtech have been experts at casino games.”

Since launch, Mansion has struggled to build the liquidity needed to operate its own poker platform and has already closed down its sportsbook with rumours of its betting exchange due to close in near future.

Asked what they would do differently to attract enough players to build up liquidity levels now that they were part of a network, they said: “We will maintain our guaranteed tournament series and also offer all the network promotions. We will also continue to raise our brand awareness levels through our continued sponsorship of Tottenham Hotspur and other marketing activities.”

http://www.egrmagazine.com/cgi-bin/item.cgi?id=2183