Published on December 25, 2016
The concept of Virtual Sports Betting is very common in Europe, but is completely new in the US.
The Pala Interactive LLC, partnered with Leap Gaming to introduce virtual sports betting for the first time ever in the US. While in Europe, the idea is popular since over a decade and comprises all sorts of games from football to darts to horse races.
A quick introduction of virtual sports betting
Similar to betting in a real life sports events, contests or races, virtual sports betting involves placing bets on virtual games where the player/team performance is randomly generated by a computer.
When betting on a virtual sports event, you need to choose your bet from available options and then watch the live streaming of the event just like the real life events. The only few differences/exceptions of these virtual events are that the performance of players is randomly generated and the duration of each event is very small (even if it is a football match). The outcome of sports events is based on advanced computer algorithm, the skills of the participants, and their luck.
The biggest advantage of betting on is that unlike real life games, you do not need to wait for next event to begin. The action is waiting for you 24/7 whenever you want to try your luck. You can watch live streaming video of the match you choose to bet on without wasting any time. And immediately after the match is over and results are announced, your bets would be settled straight away. In case your team didn’t win, you can start over every 3 minutes.
Bringing the Virtual Sports Betting to the Silver State – Nevada
In the US, Nevada is the only state where ‘Sports betting’ business is legal. So, it is naturally easier for another similar business to get a license in this state.
Earlier this month, a leading virtual reality sports company and a leading mobile gaming company named, ‘Inspired’, published a that confirms their agreement with the William Hill sports books and the approval from the Nevada Gaming Control Board in order to offer virtual sports betting in Nevada.
The company received the regulatory approval from Nevada’s immediately after their Virtual Sports gaming products were successfully trialled in the William Hill sportsbook in Nevada.
The chief commercial officer at Inspired, Steve Rogers, said that the regulatory approval for virtual sports betting in Nevada was a ‘fantastic news’ for their business. This agreement confirms that Inspired is the leader in virtual sports innovation, and we are all set to bring a cutting-edge entertainment package with an edge to all William Hill’s customers based in Nevada. This expansion of new sports segment in the US would be a strategic focus for Inspired, and we are ready to modify our virtual sports offering according to the specific needs of this market.”
However, the crowd will have to wait just a few months more as the full rollout of Virtual Sports Betting in Nevada is expected to occur by first quarter of 2017.
Virtual Sports in New Jersey
In addition to setting up its base in Nevada, Inspired is also set to complete its talks with two casinos ‘Golden Nugget and Resorts’ in New Jersey to bring the concept to New Jersey as well. And this deal is also expected to begin operation by spring 2017.
The New Jersey virtual sports market is quite different from that in Nevada, where the sports betting business is legal. But because this concept of virtual sports is so flexible, both companies ‘Resorts and Golden Nugget’ see a lot of potential in the business despite a lack of famous brick-and-mortar sportsbook.
In the absence of a sports betting licence in NJ, both companies still expect to run the business successfully because the outcomes of these virtual events would not be based on real-world performances of athletes. They can offer virtual sports betting online through their licenses for online gaming sites as well whether the players are at their bars or at their iGaming Lounge.
Apart from Inspired, Leap Gaming is also providing virtual sports in New Jersey since early this year, when they Interactive LLC to add virtual sports betting concept to its social casino.
Published on December 14, 2016
Read about Virtual Sports betting in this article or skip forward to the last paragraph to read about Leap Gaming..
Virtual sports have been around in Europe for roughly a decade. But the idea of betting on virtual sporting events — from football to darts to horse races — is still something of a curiosity in the US gaming industry.
But this seems to be changing.
A quick primer on virtual sports
Virtual sports are essentially video games where computer software plays out sporting events, races or contests. Advanced algorithms determine the outcome; they account for the skill of the participant(s) as well as the luck elements inherent in real-world sporting events.
For instance, European operators offered sports betting on a virtual version of Euro 2016 this year.
The virtual sports operator can set lines and offer wagering on these games. Since they’re not “real,” they can be offered 24/7 and at whatever intervals the operator chooses.
Virtual sports are intriguing products that seem to have many possible uses, and US casino companies are starting to see their potential.
Successful field test for virtual sports in Nevada
Last week, Inspired Gaming’s virtual sports product received regulatory approval from the Nevada Gambling Control Board after the product was successfully trialled at a William Hill sportsbook in the state.
A full rollout of virtual sports in Nevada is likely to occur sometime in 2017.
According to a press release from Inspired Gaming, a full complement of virtual sports products will be available at William Hill’s sportsbooks in Las Vegas. Sportsbooks will display virtual sport contests and races on monitors and TV screens inside the books, alongside real-world sporting events.
Rush Football 2 Matchday (English) from Inspired Gaming Group on Vimeo.
Inspired’s chief commercial officer for digital games, Steve Rogers, called the regulatory sign-off “fantastic news for the business.”
“This announcement again confirms Inspired as the world leader in virtual sports innovation and deployment, and we look forward to delivering cutting-edge entertainment with an edge to William Hill’s customers in Nevada,” Rogers said. “Expansion in the US is a strategic focus for Inspired, and we’re excited to extend our virtual sports offering to specifically suit this market.”
Inspired in New Jersey
In addition to Nevada, Inspired has already dipped its toe into another market in the US: New Jersey.
In New Jersey, Inspired is working with two casinos: Golden Nugget and Resorts. Both casinos are likely to roll out virtual sports products in the coming months.
The New Jersey market is quite different from Nevada’s, where sports betting is legal. But because virtual sports is such a malleable product, Resorts and Golden Nugget see plenty of potential, despite their lack of a brick-and-mortar sportsbook.
Since the outcomes aren’t based on real-world sporting events or real-world athletes, virtual sports won’t run afoul of federal sports betting law. Therefore, both properties have the option to offer virtual sports online through their licensed online gaming sites and on their property, either at bars or in special areas, such as Resorts’ iGaming Lounge.
As is the case in Nevada, the debut of virtual sports in New Jersey is likely to occur in the first quarter of 2017.
Leap Gaming in California
Inspired isn’t the only virtual sports provider trying to get a foot in the door in the US market.
Earlier this year, the Pala Band of Mission Indians in California partnered with Leap Gaming to add virtual sports to its social casino. Perhaps, further down the road, virtual sports will be added its real-money online gambling products, including the tribe’s NJ online casino.
“I’m very excited about this new collaboration with Leap Gaming which will allow us to be one of the first platforms to launch virtual sports as a social gaming product in North America,” said Pala Interactive’s Chief Social Gaming Officer Brett Calapp in a press release.
Calapp went on to hint about virtual sports expanding to other platforms.
“Leap’s virtual sports products are truly state of the art and provide a visually stunning player experience across all platforms,” he said. “We look forward to start offering this premium content to our customers.” Read more
Published on November 29, 2016
Vermantia, leading provider of omni-channel content solutions for lotteries, gaming & betting operators worldwide, announces its partnership with LEAP Gaming, an innovative and proven gaming company in creating ultra-realistic Virtual Sports products.
This partnership enables Vermantia to expand its virtual games portfolio by adding new virtual sports, including Virtual Tennis and Virtual Speedway, all available for retail, online and mobile. The new games by LEAP will be integrated onto Vermantia CONNECT, the company’s proprietary gaming platform, enabling operators to select virtual games from the largest single-source collection globally.
Dan Fischer, LEAP Gaming’s Chief Commercial Officer, stated: “We are excited to partner up with Vermantia that enables us to reach a larger and diversified customer base. Our virtual games, being already successful among premium online operators, are now accessible also to the retail networks of large operators being powered by Vermantia’s solutions.”
Yiannis Gangas, Vermantia’s Chief Product Officer, commented: “We are delighted to kick off our collaboration with LEAP Gaming in line with our strategy for making available to our customers the widest choice of premium virtual games in the marketplace. Through this agreement, LEAP games will become instantly available to all our existing and new customers through a seamless integration to our CONNECT platform.”
Published on November 6, 2016
An article written by our CEO Yariv Lissauer for Gambling Insider mag. on the future of gaming, and why it must continue evolving.
Published on October 27, 2016
Diamond Game to launch NexPlay™, a next-generation suite of self-service terminals, at the Conference
LOS ANGELES, CALIFORNIA, October 2, 2016 – INNOVA Gaming Group Inc. (“INNOVA” or the “Company“) (TSX: IGG), today announced that its wholly owned subsidiary, Diamond Game Enterprises (“Diamond Game”), will unveil NexPlay™—a new suite of innovative lottery products—at the North American State and Provincial Lottery (“NASPL”) Conference October 4-6 in Atlanta, Georgia. The Conference is the largest lottery show in North America.
Leading the next wave of self-service player terminals, Diamond Game is excited to unveil NexPlay™, a new suite of products that combines all the benefits of traditional self-service sales and ticket checking with a modernized and more engaging interactive video display. Two new products in the suite will be shown: the NexPlay™ self-service terminal (“SST”) and the NexPlay™ enhanced ticket checker. The suite of products connects to our robust central system, a greatly enhanced system designed for lottery markets. The system facilitates many new, innovative features, as well as providing all of the features lotteries’ require from central system providers.
The NexPlay™ SST, via two large HD monitors, offers both draw and instant game sales, animated ticket checking, multi-game functionality, downloadable content, cashless payment options, age verification, and other robust responsible gaming features. And, of course, the NexPlay™ SST offers players the same engaging display of ticket results as Diamond Game’s popular LT-3 machines.
The NexPlay™ ticket checker provides lotteries with the next step in player activated ticket checking of instant and draw game tickets. The checker provides beautiful animated graphics on a large, touchscreen HD monitor which can be mounted on a wall, table, or pedestal. The checker’s video monitor, with download capabilities and an internet connection, also doubles as a dynamic in-store marketing tool.
The Company will also showcase its existing deployments of its LT-3 instant ticket vending machines, including Ontario, Missouri, Maryland, Quebec, Michigan and New Hampshire.
Lastly, Diamond Game will feature an Innovation Lab, where it will be showcasing several interactive games that the Company is offering in new partnerships with third party developers, including an interactive horse race game with Leap Gaming and interactive video scratch games with Telos Entertainment Inc.
“Diamond Game has invested significant resources over the past twelve months in technology and innovation. We are looking forward to sharing the results of these efforts with our lottery customers,” said Richard Weil, Chairman and CEO of INNOVA. “With our LT-3 product now approved in six jurisdictions in North America and over 2,000 terminals deployed, lottery organizations across the continent are realizing what a valuable addition the LT-3 can be to their product portfolio. I am also confident that every lottery organization will see value in our exciting new NexPlay™ suite of products.”
About INNOVA Gaming Group Inc.
INNOVA develops unique games and products for the global gaming industry, with particular focus on state and provincial lotteries. Through the Company’s wholly owned subsidiary, Diamond Game, INNOVA focuses on enhancing the revenues of government-sponsored lotteries and other regulated operators by offering its unique “extended play” products in traditional and non-traditional gaming venues. Its primary product is the LT-3, an instant ticket vending machine that dispenses tickets while simultaneously displaying the results of each ticket on a video monitor in an entertaining fashion. For more information, please visit www.innovagaminggroup.com.
(more…) Read more
Published on September 26, 2016
Leap Gaming is to provide its virtual sports turnkey product to Pala Interactive’s white-label social gaming platform after the two companies agreed a deal.
This partnership will see the first introduction of virtual sport into the North American social gaming sector.
(more…) Read more
Tangelo Games Corp. and Leap Gaming have entered into a partnership agreement under which Leap will be providing its virtual sports turnkey product to Tangelo’s social gaming platform. This partnership is a meaningful step taken by both companies as it represents one of the first times virtual sport is deployed as a social gaming product, and will include several innovations designed to optimize Leap’s product for social environments. Leap’s portfolio will be available across Tangelo’s European and Latin American facing social casino environments.
Published on August 3, 2016
It’s been quite a month at Leap Gaming. While we continue to work hard to develop new 3D virtual reality games that are ultra-realistic, responsive, and immersive. We also moved our offices!
Our new space in the heart of Tel Aviv is the perfect inspiration for our games. It’s an open space concept giving us an even more collaborative work environment.
During the move we were reminded of these four tips that made our move easy & fun:
1. Label all of your boxes with what’s inside and which room the box needs to go to when you’re packing – make sure you make your computers accessible.
2. Share the moving schedule with your staff using a shared Calendar. Planning your move and keeping your staff in the loop means less work will be interrupted.
3. Change your address at least 2 weeks before you move. You don’t want to miss any deliveries.
4. Coffee, coffee, & more coffee Read more
Published on July 25, 2016
Leap Gaming’s CEO, Yariv Lissauner and Head of 3D Development, Dani Rosen contributed a Guest Column for Gambling Insider Friday, July 22, 2016. Thanks, GI Friday! Read the column below or here:
Published on July 12, 2016
Read what Leap Gaming’s CEO, Yariv Lissauer says about how we’ll crack the US in EGR North America
Find the article in EGR North America