In a third quarter interim report, Stockholm-headquartered online gaming firm Cherry AB (Plc) reported a 131 percent rise in EBIT for its online gaming and 339 percent for its Yggdrasil Gaming sectors. Key performance highlights for the three months ending September 30, 2015 include: – Group revenue increased 71 percent to SEK 154.1 million (Q3/2014: …
Sportech PLC delivered a trading update for the period August 21 to November 9, 2015 on the back of the termination of potential acquisition talks with Contagious Gaming Inc. (see previous report). The company said it is in talks regarding another preliminary proposal for the company’s The Football Pools but did not reveal the name …
GAN (formerly GameAccount Network) has appointed gaming industry veteran and former SHFL head of online gaming Michael Daly to the position of Executive vice president of systems for the North American market. Daly will be responsible for managing relationships with casino equipment manufacturers who work with GAN to bring their machine-based games to online across …
Online betting and gaming operator Bet-At-Home reported strong EBITDA growth for the nine month period ending September 30, 2015 despite an increase in tax obligations of Euro 6.1 million. Key performance indicators for the nine month period include: – EBITDA of Euro 22.1 million, up 28.4 percent (9M/2014: Euro 17.2 million). – Profit before income …
Hero Gaming will take on an entire product suite from Yggdrasil Gaming for integration into its casinoheroes.com and casitabi.com operations. Hero Gaming’s online operations will gain access to Yggdrasil’s portfolio of 16 video slots, Yggdrasil’s Infinite API™ for gamification, its Super Free Spins promotional concept and iSENSE 2.0, an HTML5 framework that allows games to …
Virtual sports and mobile games provider Inspired has expanded its partnership with Italian operator SNAI to include access to its first collection of Mike Tyson gaming products for the Italian market. SNAI’s initial Tyson package will include Inspired’s new Virtual Rush Boxing game for retail and online as well as omnichannel slots and table gaming …
UK-licensed bookmaker TonyBet has integrated a selection of eSports betting offers that include popular tournaments Counter-Strike, League of Legends, StarCraft II and Dota 2. “We believe that this market has a lot of potential,” a press statement said. “It’s clear that the gaming culture is gaining popularity, becoming more mainstream and people are willing and …
Platform provider SoftSwiss has entered into a direct B2B and B2C reseller deal with NetEnt. The company reportedly underwent “rigorous compliance checks” by NetEnt in order to prove their standing as a reliable partner. SoftSwiss chief executive officer, Ivan Montik, said in a press statement: “I am very happy to begin his partnership with NetEnt, …
The Swedish online gambling trade association, Branschforeningen for Onlinespel (BOS), has become an affiliate member of the European Gaming and Betting Association (EGBA). “For many years, we have been following the important work of the EGBA in Brussels,” said Gustaf Hoffstedt, Secretary General of BOS. “If we are to achieve full effect in the EU-related …
Software developer Play‘n GO has released its monster-themed “Rage to Riches” simultaneously on mobile and flash. Rage to Riches is a five-reel, 20-payline game that was initially launched as a bespoke game for Unibet earlier this year. It offers a smashing bonus game, a free spin mode with guaranteed wins and win multipliers.
Virtual sports provider Kiron Interactive’s remote game server, BetMan, will become available on the QuickFire – powered by Microgamingplatform following a deal announced Monday. The deal is a strategic signing given the rise of the virtual sports gaming market enabling Quickfire operators to capitalise on the emerging and growing trend says Tom Chamberlain, head of …
Stockholm-based software developer Quickspin has appointed Paul Myatt as vice president of sales based in Malta. Myatt will oversee commercial operations at the Malta office while spearheading an ambitious sales and marketing drive. He joins the company having spent the past five years as head of new business for NetEnt AB.
SG Interactive has partnered Société Des Casinos Du Québec Inc (Loto Quebec) for the provision of online real money gaming content for espacejeux.com. Under the terms of the deal, Loto Quebec will utilize content from Bally, Barcrest, Shuffle Master and Williams – the four game development studios that make up Scientific Games. Jordan Levin, president, …
The Australian Association of National Advertisers (AANA) is launching a public discussion paper addressing concerns around the gambling industry, but says it is not a reaction to the news that the New South Wales government is considering a ban on the advertising of live betting odds. The consultation opened Monday and will close on December …
Nick Chan, who recently vacated the Australian media group Seven West Media chief operating officer post with a pay-out of over a million Aussie dollars, has been appointed chairman of TopBetta, a fantasy football tournament company with public listing ambitions. TopBetta, which is targeting an Australian Securities Exchange listing before year’s end, was founded by …
The chairman of the Pennsylvania House Gaming Oversight Committee, Representative John Payne has reiterated that despite the cancellation of hearings on online and other gambling issues in October (see previous reports) the issue remains live and will receive the attention of the committee. Observers now report that the online gambling and other related proposals such …
For the third consecutive week business at major daily fantasy sports sites has slowed as the US debate on regulating the vertical continues. FanDuel, whose CEO Nigel Eccles claims the slowdown is simply a seasonal blip, reported that his business has declined by 13 percent since the DFS scandal erupted on October 11 . The …
Michael Epps, a ten-year former member of the New Jersey Casino Control Commission, entered the daily fantasy sports regulatory debate over the weekend with an op-ed in the publication NJ.com, warning against the application of casino-style regulations to DFS, and asserting that the vertical is “simply not the same beast”. Epps, who is upfront with …
With a growing number of game providers launching their products simultaneously on land, mobile and internet channels, social gaming is developing into an increasingly interesting vertical offering the latest games…the launch of the “Orange is the New Black” slot through both land and the DoubleDown social casino is the most recent example. Industry analyst Chris …
Cambodian land casino operators are increasingly going online with live-streamed gambling, the Phnom Penh Post reported Saturday, noting that lax regulation and limited supervision has created an environment conducive to such a development. The newspaper claims that Chinese investors are playing a prominent role in the Cambodian push into webcam-based live dealer gambling, especially in …
The regulation of daily fantasy sports is a hot topic in Massachusetts and Illinois, according to reports over the weekend in the Boston Herald and the Daily Herald in Illinois. The Boston newspaper reports that the Massachusetts State Lottery is considering the development of a daily fantasy sports game, with lottery director Michael Sweeney exploring …
After months of negotiating that has necessitated two stock exchange extensions to the mandatory bargaining timeframe (see previous reports) UK-based Sportech plc and Canada’s Contagious Gaming have abandoned acquisition talks. Announcing the failure to reach agreement despite negotiating since August this year, Contagious said that it had not proved possible to secure mutually acceptable terms, …
In an interview with Bloomberg business news this week, Nigel Eccles -the CEO of US daily fantasy sport market leader FanDuel – revealed that he plans a sortie into the British market next year. However, some elements of the expansion will be an experiment, Eccles said, explaining that there was a need to prove that …
Claiming exclusive knowledge, the publication Gambling Invest has revealed that Amaya subsidiary The Rational Group, parent of Full Tilt and Pokerstars, has secured .com and other domains featuring the BetStars brand as it moves toward a new branded and dedicated identity in the online sportsbetting market. The publication reports that the domain BetStars.com previously hosted …