Online sports betting supplier Kambi Group plc reported continued upward momentum in its full year 2017 results. Key performance indicators include: Revenue of Euro 62.1 million (2016: Euro 56.0 million). Operating profit (EBIT) of Euro 7.7 million (2016: Euro 8.8 million) with a margin of 12 percent (2016: 16 percent). Profit after Tax amounted to Euro 5.9 …
Malaysian authorities have bust an online gambling and international football betting syndicate in a joint operation between the Kajang Criminal Investigation Department and Selangor D7 divisions after a week-long investigation. Six Chinese nationals are accused of placing wagers on behalf of gamblers in China on English Premier League football games and horseracing. “By making Malaysia the wagering centre, it would …
The UK Advertising Standards Committees of Advertising Practice (CAP) has published a set of new standards on gambling advertising focused on advertising’s appeal to problem gamblers and on free bets and bonuses. The new standards on problem gambling, comprise: Restrictions on advertising that create an inappropriate sense of urgency like those including “Bet Now!” offers during live events; …
Online gambling supplier Synot and operator Fortuna Entertertainment Group (FEG) have partnered for FEG’s Romanian operations. Synot content will be integrated to Fortuna’s online platform offering customers a range of titles that include Dice Rush, Golden Myth and Alchemist’s Gold. “We are certain this cooperation of such two strong presences will soon bring results and we are really looking …
Kindred Group plc has released its full year 2017 report delivering an impressive year of growth. Key highlights include: All-time high in Gross winnings revenue of GBP 751.4 million (2016: GBP 544.1million). Underlying EBITDA was GBP 185.0 million (2016: GBP 123.7 million). Profit before tax amounted to GBP 132.0 million (2016: GBP 92.8 million), includes non-cash …
Online gambling firm ElectraWorks (owned by GVC Holdings, and formerly bwin.party digital entertainment plc) has been issued a GBP 350,000 fine by the U.K Gambling Commission. The fine pertains to an Advertising Standards Authority (ASA) ruling in August 2016 which found ElectraWorks responsible for “repeatedly misleading consumers with adverts relating to free bonuses,” in an advert on bwin.com. A week later, another …
Prominent CIS online gambling operator Casino Pobeda now offers its customers a wide range of Microgaming slots through its partnership with Slotegrator. “Casino Pobeda is glad to cooperate with the Slotegrator company,” an operator spokesperson said. “Thanks to this collaboration, we create new opportunities in gambling.” “Of course, our team is proud of this successful partnership. We believe that this cooperation …
Online gambling operator NetBet has expanded its games offer with a range of content from Booongo’s gaming studios. Booongo omni-channel games have already been integrated to NetBet’s platform including its “God`s Temple”, “Poisoned Apple”, “Lucky Xmas”, “Christmas Charm” and “15 Golden Eggs”. Booongo currently offer 28 HTML5-built titles with another five in development.
Casino games developer Booming Games has entered into a reseller agreement with white label provider 1Click Games enabling access to a range of its games, including Galactic Speedway, Joker’s Wild, Chicago Nights, Sweet Robots, Fort Knox, and Ice World. “1Click Games continues to work towards increasing the range of quality content available from the platform to operators around the …
Colombian regulator Coljuegos has warned of an increase in unlicensed online betting companies targeting the Colombian market as FIFA World Cup Russia nears kick-off. Only seven companies have been accredited to offer their services in the market, namely: Wplay.co, Betplay.com.co, Zamba.co, Colbet.co, Codere.com.co, Mijugada.co and Masgol.co with another thirteen expected to be operating in the market by the end of 2018. Coljuegos warned …
The rumour mill continues to swirl that Cirsa Gaming Corp. is weighing up acquisition prospects with several major hedge funds wooing Spain’s major casino, bingo hall and online operator. According to numerous Spanish media outlets, Apollo Global Management, Advent International, Blackstone Group and Cerberus Capital Management are all in the mix following the appointment of financial advisory firm Lazard Ltd. by owner Manual …
Online payment specialist, Easy Payment Gateway has struck a partnership deal with SG Digital and finalised the integration of its payment gateway into the NYX Open Platform System. Scientific Games acquired the NYX Gaming Group last year, combining it with its Scientific Games Interactive division to form SG Digital. Keith O’Loughlin, SG Digital Executive Vice …
France’s online gambling regulator ARJEL has released figures showing that in FY 2017 French online gambling revenue rose 18 percent year-on-year to Euro 962 million. The increase was attributed to rising bets and entry fees, which collectively grew 9 percent year-on-year to Euro 9.2 billion. Sports betting was the most popular with French punters, delivering …
Online gambling solutions and entertainment provider Evolution Technology Resources Inc. has signed an agreement with Highweb Trade Ltd, a Malta based B2B online casino service provider t/a 1ClickGames that will deliver game development, infrastructure management, white-labeling, support and maintenance services in the area of information technologies, EvoTech’s online gambling site VIPSpel Casino and future platforms. …
Despite strong opposition from lobbyists for US sports leagues MLB and NBA, the Senate Finance Committee in the West Virginia legislature has advanced SB415, a bill that would allow sports betting at the state’s four casinos and at The Greenbrier under the jurisdiction of the state Lottery Commission. The introduction of the new sports betting …
Online gambling group Mansion is using sports sponsorships in its strategy to bulid the new MansionBet brand, this week announcing that it is to sponsor super-middleweight boxer George Groves for his all-British World Boxing Super Series semi-final against Chris Eubank Jr. The company is also sponsoring featherweight world champion Lee Selby for his bout against …
Wild Crypto has launched a new lottery and eGaming platform built on blockchain technology following its WILD token sale in 2017. The platform, powered by Twelve40, is the first of the major new cryptocurrency gaming projects to launch, and does so just four months after it raised 10,592 in Ether (currently around $9 million) during a token …
Gaming Innovation Group (GIG), in the release of its Q4 2017 results, reported profitable growth along with all time high quarterly revenues of Euro 39.9 million and EBITDA of Euro 7.9 million attributed to growth in recurring B2B revenues. Robin Reed, chief executive officer of GIG, said: “We have taken large strategic and organic steps …
The Spanish gambling authority DGOJ’S fourth quarter 2017 report on online gambling shows steady growth and progress across most verticals. Key indicators include: Gross gaming revenues in the fourth quarter of Euro 173.3 million, up 23.49 percent over the previous quarter and 37.94 percent y-o-y. Deposits of Euro 495.5 million, up 17.4 percent on Q3/2017 and 53 …
UK-based game studio Blueprint Gaming has entered the Denmark and Romania markets after securing game certification, significantly expanding its reach in regulated markets. Blueprint’s portfolio of games, including Genie Jackpot, King Kong Cash and the Jackpot King progressive, will now be available to licensed operators in the respective regions for the first time. Matt Cole, Managing Director of Blueprint Gaming, said: …
Videoslots.com has rolled out a selection of Nolimit City content after agreeing a multi-year deal back in 2017. Videoslots customers will enjoy popular Nolimit City titles such as; WiXX, Oktoberfest, Creepy Carnival, and the Kitchen Drama series, with additional new releases scheduled for integration during 2018. “Working with such a key operator in the industry was an important …
The Malta Gaming Authority (MGA) is reportedly collaborating with Italian authorities to intensify controls on licensees who have a connection to Italy following its suspension of Phoenix International Ltd after the arrest of alleged Mafia-kingpin Benedetto Bacchi. Bacchi is alleged to control a large number of illegal betting shops that link to Malta-licensed online gambling websites such as B2875, Bsport24.com and B28sport.com, all …
Gambling.com Group plc has appointed Susan Ball and Pär Sundberg to the Board as independent, non-executive directors as Gerard Hall and Kevin McCrystle step down. In addition, Mark Blandford has been appointed to the new role of Chairman. Blandford is a serial entrepreneur and investor in the gambling industry. He is a founding partner of Burlywood Capital LLP, a digital Pay2Play investor and Chairs numerous boards including FSB …
Kindred Group has joined both the British Sports Betting Integrity Forum (SBIF) and entered into a Memorandum of Understanding (MoU) with the Rugby Football Union (RFU). The SBIF brings together representatives from sports governing bodies, betting operators, sport and betting trade associations, law enforcement and gambling regulation who work towards combatting corruption in sport. In addition, the Group signed a …