Credorax Partners with Hero Gaming to Provide Smart Acquiring Services, Streamline Payment Process for European Users


Today, leading smart payments provider and merchant acquiring bank, Credorax, and leading Malta-based gaming company, Hero Gaming, announced a collaboration that will enable Hero Gaming to accept and process payments from players across Europe.

Credorax’s smart acquiring solution is designed to provide companies with an acquiring experience unlike any other. Hero Gaming will have access to Credorax’s tailor-made acquiring solution including value-added business services, approval rate optimization and analysis, and proactive 24/7 merchant account monitoring. This is in addition to the many other benefits Credorax offers, such as telecom-grade (99.999%) availability for processing payments, designed to maximize business growth and optimise operational processes.

“We are excited to offer our robust acquiring services to Hero Gaming,” said Alon Bigler, VP Business Development at Credorax. “Our high approval rates and unified solution will enable Hero Gaming to quickly and confidentially expand into new markets across Europe. We look forward to offering our personalized services to meet Hero Gaming’s diverse payment needs as they establish themselves as a leader in the European gaming industry.”

The online gaming market has experienced significant growth during a time when people are confined to their homes and casinos are closed. It is more important than ever to ensure that payment processing systems have high approval rates and won’t crash due to high volumes of players. Fintechs such as Credorax have the agility to step in and provide superior financial services and ensure high approval rates that inevitably lead to higher conversion rates.

“With their robust and scalable solution, Credorax was the obvious choice when looking for an acquirer,” said David Borg, Head of Payments at Hero Gaming. “We feel extremely confident in our payment processing as we take the next steps to expand in Europe, and it was important to find a partner that we can grow with. As the gaming industry continues to expand, we know that Credorax will support us when we choose to broaden our payment offerings and cater to new markets.”


Belgian Gaming Commission Introduces Advertising Guidelines

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The Belgian Gaming Commission has developed a series of responsible advertising guidelines with Jupiler Pro League, the country’s highest football league.

New measures include a ban on partnerships between the league’s clubs with gambling operators that are not licensed by the commission to operate in Belgium.

All gambling sponsorship deals must be reported to the commission. Meanwhile, the commission will inform the Pro League whenever an operator has committed an infringement or if an operator loses its licence so that the league and the relevant club can take action. The guidelines also say that gambling advertising must not include an inducement to bet.

The commission said that it will also prohibit betting “on certain stages of a match” but has not yet clarified what stage the rule refers to.

It will also create an independent integrity committee comprising academic and sporting representatives to monitor club policies and propose integrity recommendations.

The two bodies said in a joint statement: “The absolute starting point of communication and marketing around games of chance and betting is the protection of consumers.

“It is essential that excessive gambling should be prevented as much as possible. That is why the Gaming Commission and the Pro League want to go further than what is legally imposed today.”


Baler Market Size Worth $8.9 Billion By 2027 | CAGR: 8.9%: Grand View Research, Inc.

The global baler market size is expected to reach USD 8.9 billion by 2027, according to a study conducted by Grand View Research, Inc. It is expected to expand at a CAGR of 8.9% from 2020 to 2027. Baler is used for squeezing together a cut and raked crop to form compact bales, which are easier to handle, store, and transport. The market is primarily driven by the growing demand in the Asia Pacific region, coupled with rising government initiatives to encourage balers’ adoption. For instance, in 2018, the state government of Andhra Pradesh, India, provided paddy balers at a subsidy of fifty percent. As a result, approximately 150 to 200 new farmers adopted balers in the state.

Key suggestions from the report:

  • By product, the round balers segment is anticipated to expand at the fastest CAGR in terms of revenue and volume over the forecast period owing to its rising adoption in Asia Pacific
  • The square balers product segment is further segregated as small and large square balers. Small square balers accounted for more than half of the total square balers’ shipments in 2019
  • Asia Pacific held the largest revenue share of 36.7% in 2019. This share is attributed to the increasing adoption of baler in developing countries, such as India and China

Read 101 page research report with ToC on “Baler Market Size, Share & Trends Analysis Report By Product (Round Balers, Square Balers), By Region (North AmericaEuropeAsia PacificLatin America, MEA), And Segment Forecasts, 2020 – 2027” at:

The growing adoption of livestock farming due to the increasing demand for meat is expected to augment the demand for balers over the forecast period. Farmers are increasingly adopting baler as it is convenient to use bales for the transportation and storage of straw and hays. Furthermore, leading baler manufacturers, such as CNH Industrial N.V, Deere and Company, and KUBOTA Corporation, are investing in the development of customized balers to cater to the different needs of the farmers.

The market is characterized by a moderate degree of competition due to the presence of several companies operating at the global level. These companies are investing in R&D to enhance their product offerings by the introduction of technologically-advanced equipment. For instance, in July 2019, Kubota Corporation established a new research and development center in Georgia. Through this, the company aims to determine the specific needs of the North American market accurately. The center is dedicated to the development of mowers, utility vehicles, and balers.

Grand View Research has segmented the global baler market on the basis of product and region:

  • Baler Product Outlook (Volume, Units; Revenue, USD Million, 2016 – 2027)
    • Round Balers
    • Square Balers
      • Small Square Balers
      • Large Square Balers
  • Baler Regional Outlook (Volume, Units; Revenue, USD Million, 2016 – 2027)
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa

List of Key Players of Baler Market

  • AGCO Corporation
  • CLAAS KGaA mbH
  • CNH Industrial N.V.
  • Deere & Company
  • IHI Corporation
  • Kuhn SAS
  • Kubota Corporation

Find more research reports on HVAC & Construction Industry, by Grand View Research:

  • Agricultural Ventilation Fans Market – Global agricultural ventilation fans market size was valued at USD 540.7 million in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 10.9% from 2020 to 2027.
  • Mobile Cranes Market – Global mobile cranes market size was valued at USD 12.76 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2020 to 2027.
  • Livestock Farm Equipment Market – Global livestock farm equipment market size was valued at USD 16.4 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 3.4% from 2020 to 2027.

BGC Welcomes Re-opening of Scottish Betting Shops

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The Betting and Gaming Council (BGC) has welcomed the re-opening of Scottish betting shops that were closed in response to the Covid-19 pandemic.

Around 400 shops had been shut since the most stringent Level 4 restrictions which were imposed three weeks ago across 11 local authority areas. But after being moved to Level 3, they are now allowed to re-open alongside other high street shops.

BGC urged the Scottish Government to also allow casinos to re-open in Level 3.

Michael Dugher, chief executive of BGC, said: “It’s great news for staff and customers that betting shops can open their doors again.

“They have introduced a range of anti-Covid measures, including Perspex screens, hand sanitisers and strict social distancing rules, so they are a safe environment for people to work and enjoy a bet.

“But so have casinos, so they should be able to safely open their doors again as well.”

He added: “The economic contribution betting shops – and casinos – make in terms of tax paid to the Treasury, as well as the jobs they provide, will be vital as the UK recovers from the impact of the pandemic.

“Betting shops’ contribution to horse racing – which has suffered financially as a result of the ban on spectators – also cannot be overstated. Scotland’s five racecourses have taken a huge hit due to the pandemic and we are delighted that revenue from shops can now flow through to the racing industry.”


Ecopetrol expects to invest between US$3.5 and US$4 billion in 2021

– The investment plan approved by the Board of Directors is oriented towards restoring the Ecopetrol Business growth’s path, increasing competitiveness, strengthening the energy transition of the Ecopetrol Business Group, and enhancing its sustainability agenda through positive social and environmental impact in the communities where the Company operates.

– Approximately to 80% of the investment is expected to continue to be allocated to projects in Colombia, and the remaining 20% mainly to investments in the United States and Brazil.

– The plan foresees reliable, clean and safe operation, with a production of hydrocarbons expected between 700 and 710 thousand barrels per day in 2021, a greater joint refining throughput of between 340 and 365 thousand barrels per day, and transported volumes over one million barrels per day.

– 77% of investments are expected to be oriented towards exploration and production projects, targeting assets with the highest strategic fit and profitability, with a goal of accelerating the value capture.

– The plan calls for an increase in the allocation of resources to energy transition and sustainability initiatives. 14% of investments are expected to be directed at expanding the gas chain and other energy sources, including expected investments of over US$200 million in energy efficiency projects and the incorporation of renewable energies. More than US$150 million is expected to be allocated to the decarbonization projects and over US$90 million to efficient water management in operations.

– The plan includes resources for the development of Integral Research Pilot Projects (PPII for its acronym in Spanish) in Colombia and continuing of operations in the Permian Basin.

– Nearly US$80 million is expected to be allocated to investments in technology and innovation, focusing on digital transformation, enhanced recovery, and energy transition.

– The 2021 plan expects to set aside approximately COP$405 billion for social investment allocated to the development and well-being of communities where we operate

– The generation of cash and the materialization of efficiencies is expected to facilitate a positive free cash flow and achieve a gross debt to EBITDA ratio of less than 2.5 times for 2021.

BOGOTÁ, ColombiaDec. 14, 2020 /CNW/ — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that its Board of Directors approved the 2021 organic investment plan for the Ecopetrol Group (GE) for an estimated amount between US$3.5 and US$4 billion.

The plan is oriented towards restoring the Ecopetrol Business Group’s growth path, while continuing to prioritize cash generating opportunities and with better equilibrium prices, focusing on the execution of key assets development plans, and the preservation of asset value through investments that provide reliability, integrity and continuity to the Ecopetrol Business Group’s value chain.

The plan was based on an expected average Brent price of US$45 per barrel for 2021.

80% of the investments are expected to be allocated to projects in Colombia, and the remaining 20% is expected to be invested mainly in the development of projects in the United States and Brazil.

In line with Ecopetrol Group’s strategic priorities and the sturdiness of its integrated value chain, the plan holds as strategic objective the growth of the Upstream segment, towards which 77% of total investment is expected to be allocated, with a focus on accelerating the development of resources and reserves estimated at 3.7 bboe, through exploration, drilling and enhanced recovery. Production in 2021 is expected to reach levels of between 700 and 710 thousand barrels of oil equivalent per day (expected to be comprised of 81% oil and 19% gas). If the investments included in the plan are carried out as currently foreseen, it is expected that the Ecopetrol Business Group’s production levels will be approximately 750 thousand barrels by 2023.

In terms of exploration, 9 exploratory wells are expected to be drilled, 8 of which are expected to be located in Colombia in the Llanos Orientales, Mid-Magdalena Valley, Low-Magdalena Valley and Sinú-San Jacinto basins, as well as continuing activities aimed at appraising discovered resources for more than 450 million barrels equivalent.

With regards to unconventional reservoirs (YNC for its acronym in Spanish), investments of approximately US$600 million are planned for the scaling up of development activities in the US Permian Basin in Texas. Investments for the development of initiatives related to Integral Research Pilot Projects for Unconventional Deposits (PPII) in the Mid-Magdalena Valley Basin are also expected to continue.

Investments in the Downstream segment are expected to remain to focus on ensuring the reliability and sustainability of the operation of the Barrancabermeja and Cartagena refineries, as well as the development of fuel quality and wastewater management programs, thus ensuring increasingly clean effluents. The joint throughput expected from the refineries for 2021 is estimated to range between 340 and 365 thousand barrels per day, in line with the expected recovery of demand and refining margins. The investment priority in the project to interconnect the original crude unit of the Cartagena refinery with the new refinery remains, with estimated investments of US$48 million for 2021.

The Midstream segment is expected to represent 7% of the total investment, mostly aimed at guaranteeing the integrity and reliability of the infrastructure, while achieving greater flexibility and efficiency in the logistics for the transportation of heavy crude oil. These investments are expected to enable the optimization of future operating costs through the upgrading of equipment and improved performance. The volumes transported are estimated to reach over one million barrels per day, in line with the country’s crude production expectations and the national demand for refined products.

Consistently with the Ecopetrol Business Group’s energy transition strategy, approximately US$150 million is expected to be invested in the decarbonization agenda, including noteworthy tasks in energy efficiency, leakage and vent reduction projects as well as the construction of the Rubiales Solar Park. Moreover, we increased our goal of reducing emissions to 3 million tons of CO2 by 2023, in addition to the 6.6 million tons reduced between 2010 and 2019. These resources are expected to allow us to move towards the goal of incorporating 400 MW in renewable energy by 2023.

The plan reaffirms the resources oriented to the socio-environmental investment program for an approximate amount of COP$1,7 trillion by 2023 for the 2020-2024 period, aiming to close social gaps and promoting the development and well-being of the communities where we operate, through strategic projects in infrastructure, public services, education, sports and healthcare, inclusive rural development and entrepreneurship and business development. In addition, financial support to meet specific needs arising from the COVID-19 pandemic are expected to continue to be provided in the areas and communities where we operate.

In an effort to accelerate the digital transformation process, nearly USD$50 million is expected to be allocated towards capturing benefits associated with artificial intelligence technologies, blockchain, and bots, among others. The ICP (Colombian Petroleum Institute for its acronym in Spanish) is expected to invest approximately US$30 million, mainly in energy transition projects, advanced materials and increasing the recovery factor.

The organic investment plan is expected to be mainly financed by internal cash generation and the existing cash surpluses from the beginning of the year. A gross debt to EBITDA ratio of less than 2.5 times is expected for 2021, reversing the leverage indicator trend seen in 2020.

We believe this plan is in line with (i) our strategy of becoming the energy that transforms Colombia and (ii) the Ecopetrol Group’s cultural principles: life comes first, ethics, passion for excellence, making possible the impossible, leadership and inclusion, and working as a team. Furthermore, we believe it addresses the current challenges with a sustainability approach and ensures a strategy that adds value to the Business Group and the country.

“2020 challenged the Company and proved its resilience and ability to adapt to an adverse and volatile environment. The investment plan for 2021 seeks to recover the Company’s growth path, enhance its competitiveness, enlarge the sustainability agenda and establish the course towards energy transition, in line with our strategic pillars of cash flow protection, cost efficiency, capital discipline and profitable and sustainable growth. With this investment plan we are using our energy to continue constructing a country of all, for all,” said Ecopetrol’s CEO, Felipe Bayón Pardo.

Bogotá D.C. December 14, 2020

This release contains statements that may be considered forward looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. All forward-looking statements, whether made in this release or in future filings or press releases or orally, address matters that involve risks and uncertainties, including in respect of the Company’s prospects for growth and its ongoing access to capital to fund the Company’s business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration and production activities, market conditions, applicable regulations, the exchange rate, the Company’s competitiveness and the performance of Colombia’s economy and industry, to mention a few. We do not intend, and do not assume any obligation to update these forward-looking statements.


Hero Gaming doubles reactivation success with Enteractive

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EGR 50 operator looks at new projects with Enteractive after previous CRM records smashed in last six months 

Enteractive, the leader in player reactivation and retention for the iGaming industry, has helped Hero Gaming double its reactivations in the last six months, breaking all previous records.

Hero Gaming, an EGR Top 50 leader in global iGaming, has seen unprecedented improvement in reactivated player deposits since mid-2020, across their brands Boom Casino, Casino Heroes, and Simple Casino.  The reactivation activity has been undertaken by Enteractive with a focus on markets in Norway, Germany, and Finland.  Complementing a strong internal CRM department, Enteractive’s activity takes on the harder to reach lapsed players, who respond better to a personalised phone call.

Following these impressive results, Hero Gaming is now starting a number of new projects with Enteractive, expanding the remit to include activations as well as the reactivation campaigns.

Adam Kamier, Head of Retention at Hero Gaming, praised Enteractive’s outstanding service commenting, “I’m amazed at how well the reactivation campaigns have worked out – we’ve not seen such impressive results prior to working with Enteractive.  The bar has now been set quite high, and we’re keen to see what Enteractive’s teams can do with our activations activity.”

Sam Brown, CCO, Hero Gaming, added, “We knew that Enteractive is a leader in the industry for reactivation and retention services, but we weren’t expecting to see such a big impact on our bottom line.  This opens up a whole new direction for our player activations.”

With total conversions across all clients exceeding 13,000 per month, Enteractive has seen business growth double in the last year.  The Nordic markets have been particularly strong for the company.

Andrew Foster, Business Development Manager at Enteractive, said, “Our teams have been busy through this difficult period, ensuring that our clients are retaining their player’s interest and patronage, while also providing a first response to any gambling problems experienced by players during lockdowns in different countries.   We always go the extra mile for clients, and it’s great to receive such unbridled praise from a leader in the sector such as HeroGaming.”

Enteractive’s personalised, responsible approach, ease of integration and solid ROI for clients sets the company apart from other conversion or reactivation service providers, adding value to the players’ brand experience with each and every call.


Paytm First Games Sees 200% Growth in User Base and 4x Increase in Gameplays During H1 2020

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Paytm First Games has reported 200% growth in its user base and 4x increase in gameplays during the first half of 2020. Currently, Paytm First Games has over 25 million monthly active users and is expecting to cross 40 million in the next 2 months.

“There has been a 200 per cent growth in our user base and a 4X increase in gameplays in the first half of this year. Fantasy Cricket, Rummy, Ludo witnessed the highest engagement on the platform. What is interesting to observe is that while a large chunk of our monthly active users belongs to metropolitan cities, there has been an increasing contribution of the new users from tier-II, tier-III, and the rest of India towns,” Sudhanshu Gupta, COO of Paytm First Games, said.

Even gaming habits have gone through a drastic transformation as the average age group of online gamers has increased from 18-35 years to almost 18-55 years. “The engagement time has increased to almost 45 minutes for an average user. Also, mobile gaming has become a way of socialising with friends and family members as a means of community entertainment,” Gupta added.

Paytm First Games started small by adding a few games at a time on the main Paytm app itself. “It soon gained massive popularity among our users. From quickly entering the app to make payments, availing services, or ordering on the platform and exiting, we saw more users sticking around to play games and staying on the app for much longer. Slowly our games platform became so big and promising that it only made sense to branch it into a separate app and expanding the number of games,” Gupta said.


Hyperlink InfoSystem Renown As One Of The Top App Development Companies In India


India’s IT industry is a critical part of India’s economy. Back in 2017, the IT sector and its multiple sub-sector accounted for 8% of the country’s overall GDP. Later in 2019, this sector in India produced an annual income of $180 billion, a drastic increase from a decade ago. India has made significant progress in the IT sector, even in 2020, during the pandemic crisis due to high digitalization and remote working demand. Lockdowns affected the way people switched to mobile apps significantly. There was a major increase in mobile app installs and usage. Indian IT’s core competencies have attracted tremendous investments from several nations.

Leading Indian tech giants such as TCS, Wipro, Infosys, and Tech Mahindra are displaying great ideas in artificial intelligence and blockchain to customers using research & development and innovation hubs to create distinguished offerings. Technological advancements have increased in several sectors, such as healthcare, fitness, education, lifestyle, entertainment, etc. Mobile app is one such innovative tech that has picked up tremendously in the past 5 years, and is flourishing incredibly. Businesses today need an online presence and digital attention, and mobile apps are one of the best ways to do that. However, from 1000s of IT companies, it can be overwhelming to choose a trusted and reputed company that can serve businesses extraordinarily well.

Hyperlink InfoSystem is one of the leading app developers in India and commenced its operations in 2011. It has its offices in Ahmedabad & Mumbai and also planning to open one in Bangalore soon. It has its offices even in the USA, UK, UAE, and Australia. Hyperlink InfoSystem has served over 2,300 clients, with most of them in the States. The company offers IT services such as web & app development, AI, AR/VR, Blockchain, IoT solutions, Salesforce, and more. With an experienced and skilled team of 250+ developers, the company strives to deliver its best when it comes to services.

Founder & CEO of Hyperlink InfoSystem, Harnil Oza, says, “I started this company with the dream of making it the world’s one of the best app development companies. Today I already feel I have somewhat reached there with the strength & efforts of my team. Hyperlink envisions delivering the utmost client satisfaction and offering them the latest technology for their services.”


OKEx deepens commitment to users listing a further 6 innovative projects last week

OKEx (, a world-leading cryptocurrency spot and derivatives exchange, has strengthened its commitment to delivering the widest product diversity for its users by listing six new innovative projects last week. OKEx users can now invest in some of the most in-demand tokens in the industry with reduced trading fees thanks to OKEx’s ongoing user loyalty campaign.

Earlier last week, spot trading pairs of popular tokens API3, COVER, HEGIC, PICKLE and KP3R went live against USDT with trading pairs against BTC and ETH available one hour later. Deposits and withdrawals of these five tokens has now opened. Spot trading of NuCypher’s decentralized cryptological network token NU will be available from today, Dec. 11.

With the addition of these latest cutting-edge blockchain protocol tokens, OKEx once again reinforces its support for the furtherment of the DeFi industry as well as the continued development of the decentralized web.

Cover Protocol (COVER) provides peer-to-peer coverage with fungible tokens, allowing the market to set coverage prices as opposed to a bonding curve, and protecting DeFi users against smart contract risk. Hegic (HEGIC), on the other hand, is an on-chain options trading protocol built on Ethereum for trustless creating, maintaining and settling of hedge contracts, while Pickle Finance (PICKLE) provides another option for keen yield farmers, making it easy for users to earn generous compounding yields on their deposits by farming, staking and swapping.

Keep3r (KP3R), API3 (API3) and NuCypher (Nu), meanwhile, are focused on building out the decentralized web with secure tools and innovations. Keep3r is a decentralized job-matching platform for connecting external DevOps with projects. API3 provides decentralized APIs for Web 3.0 that allow developers to create powerful DApps using decentrally governed and quantifiably secure data feeds, and NuCypher is a decentralized cryptological network offering accessible, intuitive and extensible runtimes and interfaces for secrets management. Its network is permissionless, censorship-resistant and accessible to anyone.

“We are extremely pleased to see the constant avant-garde thinking that comes out of the DeFi economy, with further innovations such as Hegic’s on-chain options contracts and even more flexible yield-farming propositions from Pickle Finance. It’s also refreshing to see projects such as Cover Protocol actively seeking to protect DeFi users from smart contract vulnerabilities and make transacting in the space safer,” said OKEx CEO Jay Hao, adding:

“There are also so many fascinating sub-sectors in the blockchain industry that don’t always grab as many headlines as Bitcoin, Ethereum, or DeFi. But, we’re very excited to see the next waves of innovation in the decentralized web and cryptography.”


1XBET Wins SBC Award for “Esports Operator of the Year”

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1xBet has been named “eSports operator of the year” at the 2020 SBC Awards. The ceremony announcing the winners took place online on December 9.

The company was also nominated for the same award at the 2018-2019 edition. Therefore, the current victory can be considered as confirmation of 1xBet’s progress to the highest level in this direction.

Furthermore, SBC awarded 1xBet the title of Highly Commended in two other categories – “Marketing Campaign of the Year” and “Sponsorship of the Year,” while also being shortlisted for “Football Sportsbook of the Year,” “Best Mobile Operator App” and “Best Affiliate Program.”

“Such success is very important for us, because the SBC Awards is already a brand in the betting industry, and the best of the best await the results of the ceremony every year. We were confident that 2020 was a successful year for 1xBet in many ways. Still, it’s always a pleasure to get the confirmation that you are an industry leader,” the company representative said.