Yggdrasil Gaming announces impressive growth in their 2016 Q4 report

Superior online and mobile casino games provider Yggdrasil Gaming has today updated the financial market with their Q4 performance for 2016. According to the report, revenues for the period increased drastically by 207 percent year-on-year to SEK 31.8 million compared to the Q4 in 2015 which was SEK 10.4 million.

EBITDA for the period more than doubled to SEK 13.2 million from the SEK 4.9 in 2015 with the EBITDA margin for the period amounting to 42%. EBIT for the period also increased to SEK 9.3 million.

Emerging as one of the industry’s most respected and acclaimed suppliers since their launch in 2013, they have been providing games for some of the world’s biggest operators. Last year saw them releasing three new games:  Empire Fortune, Super Heroes and Vikings Go Berzerk. During the past year, Yggdrasil Gaming saw their number of player transaction grow by 210 percent year-on-year to 633 million with mobile gaming now at 51 percent of their total gross game win.

Along with 10 new licence agreements that were signed, including with Tain, Gaming Innovation Group, SuprNation and Lottoland, Yggdrasil Gaming also launched industry-first gamification tool Missions. To top that off, they also paid out the largest ever progressive jackpot of €3,291,513.

Their continued new business development initiative such as the Yggdrasil Dragons, promotions and launches of new titles like Alchymedes and new appointments that has headlined the gaming news earlier namely the two senior appointments with Andrew Pegler named chief commercial officer for Gibraltar and Krzysztof Opalka promoted to chief product officer, has Yggdrasil Dragons on top of their game for further success.

Fredrik Elmqvist, CEO of Yggdrasil commented on their success: “Yggdrasil Gaming continues to go from strength to strength during yet another quarter which has seen excellent growth, new operator signings, new games and new industry firsts.

The figures for the quarter are particularly pleasing, with revenues up 207 percent and EBIT hitting a new quarterly high of MSEK 9.3.

When we founded Yggdrasil in 2013, we had a very clear mission to become the industry’s best games supplier, and we continue to make rapid progress towards this goal.

While we may be an underdog compared to some of the industry’s titans, we are now very much established as a force in this sector.”

Elmqvist concluded: “I am delighted to report that we have the full confidence of our operator partners, in large part because they trust us to continue to deliver the innovations and games they require to keep their players engaged.”

“It would be an understatement to say this an exciting time for Yggdrasil. The growth in recent years has been fantastic, but more importantly, we have laid the foundations to build a sustainable, world-class gaming supply that will continue to push this industry forward.”

 

Are you a startup? Then apply for the SiGMA Startup Pitch 2017 and meet hungry investors. View Startup Pitch 2016 gallery here.

 

Tipbet is the Official Betting Partner of SK Sturm Graz

From the first home match of 2017 in the Tipico Bundesliga, SK Puntigamer Sturm Graz can now proudly present Tipbet as their official sponsor.

Tipbet at SiGMA16

Tipbet at SiGMA16. View the full gallery here.

We are happy to welcome our up-and-coming sponsor Tipbet into the SK Sturm Family. It’s another step to present SK Sturm better to our fans. Congratulations to the SK sales team and the responsible people at Tipbet for the trust that they have invested”, said CEO Economics Thomas Tebbich.

The best Odds

Tipbet offers more than 50,000 pre-match and 10,000 live matches every month and aims always to have the best odds for thousands of small and big sports events. The betting selections can easily be made from home or on mobile devices. Bets can be placed within a few seconds and are safe and reliable during live events.

Philippos Naskos, Product Manager at Tipbet, said: “We are really pleased that Sturm Graz has extend their portfolio with another great partner. On the German market Tipbet already owns a big percentage in both the online and shop sectors and always offers the best bets and odds.”

“Through our partnership with Sturm Graz, we aim to get closer to the Austrian customers. Therefore, SK Sturm is an ideal partner as they have a long tradition and a big audience. We are looking forward to the partnership with SK Sturm Graz and wish the team a successful rest of the season.”

Fans profit

As part of the agreement, Tipbet will be present on many advertising spaces in the stadium and as well on the SK Sturm website. With lotteries on the Black and Whites’ social media channels, fans can also profit from this partnership. The contract runs until the end of the seas

on 2016/17, and a long-term partnership is the goal.

Are you a startup? Then apply for the SiGMA Startup Pitch 2017 and meet hungry investors. View Startup Pitch 2016 gallery here.

LeoVegas completes its first acquisition in group’s history

LeoVegas today has carried out their first acquisition in the company’s history with the purchase of the Italian gaming operator Winga.it. The Italian operator holds a licence for the Italian market which is currently the largest regulated gaming market in Europe according to data from H2 Gambling Capital. With this addition, it gives LeoVegas and established positioning there.

LeoVegas party held during SiGMA16

LeoVegas party held during SiGMA16

LeoVegas will acquire 100% of the company who in 2016, had a revenue of €8 million. The agreement includes a cash consideration of €6.1 million.

Winga, an organisation comprising of 33 employees, offers their customers a full product offering with 50 percent of their revenue being generated from Live Casino. This includes studio environment and their unique product which is broadcasted live on Italian TV as well as Sky TV. LeoVegas plans to gradually introduce their brand into the Italian market while Winga benefits from their data-driven marketing approach and strengths on the product side and mobile technology around the customer experience.

The purchase price to the seller of Winga which is Paf (Ålands Penningautomatförening) will be paid in two parts and expected to be finalised on 1st March 2017 subject to customary conditions and approval from the Italian authorities.

LeoVegas’ Group CEO Gustaf Hagman commented: “This is yet another milestone in LeoVegas’ development.”

He continued: “The acquisition of Winga.it will enable rapid expansion in Italy, as we are acquiring a company with local knowledge and an established position. LeoVegas’ expansion strategy is to grow in markets that are either regulated or in the process of being regulated. Our focus on mobile gaming and our proprietary, flexible technology platform create the conditions for a successful acquisition.”

LeoVegas has evaluated around a dozen acquisition opportunities during the past year and having a cash position of over €55 million, they are in a position to continue with new strategic acquisitions moving forward.

This acquisition sees LeoVegas holding gaming licences in the UK, Denmark, Ireland, Malta and now Italy.

 

Are you a startup? Then apply for the SiGMA Startup Pitch 2017 and meet hungry investors. View Startup Pitch 2016 gallery here.

MGA Grants First Betting on Lotteries License to Jackpot.com

Jackpot.com websiteLmatrix Ltd, the company which runs Jackpot.com, recognized as a world leader in the online lottery market, has become the first operator in the lottery field to receive a remote gaming license to accept bets on lotteries from the Malta Gaming Authority (MGA).  The license is the third that the Jackpot.com Group has received in the six months it has operated since its launch in August 2016, after receiving its Remote Operating License from the UK Gambling Commission, and its Remote Gambling License from the Republic of Ireland National Excise License Office. The MGA License will enable Jackpot.com to continue the momentum generated since its launch through expansion into other markets.

Jackpot.com enables customers from various markets to instantly take part in the excitement of the world’s biggest jackpots.  With customers from over 50 countries, the user-friendly platform is available on all devices (PC, smartphones, tablets), and includes a wide variety of the most popular draws including US Powerball, Euromillions, US Megamillions, Eurojackpot, German 6aus49, and more.  By allowing customers to bet on lottery results, and insuring payments of prizes through a unique insurance model, Jackpot.com’s innovative offering is positioned to disrupt the lottery world.

Yariv RonYariv Ron, co-founder of Jackpot.com, “We are very excited to be the first operator to receive the Secondary Lottery License from the Malta Gaming Authority, in line with our long-term strategy to continue expanding our business.  We plan to work closely with the MGA to continue to expand the range of this offering, while increasing our presence in Malta as we grow”.


Joseph CuschieriJoseph Cuschieri, Executive Chairman at the MGA, “The MGA is pleased to issue its first, secondary lottery licence to LMatrix, upon the successful completion of a very rigorous application process, which gave the Authority the necessary reassurances to proceed with its licence approval.”

 

Are you a startup? Then apply for the SiGMA Startup Pitch 2017 and meet hungry investors. View Startup Pitch 2016 gallery here.

Evolution Gaming inks partnership agreement with White Hat Gaming

Stockholm-listed leading B2B provider of Live Casino systems in Europe, Evolution Gaming has revealed that they have signed a partnership agreement with the UK-licenced gaming platform provider White Hat Gaming.
White Hat becomes the latest client to be added to Evolution Gaming portfolio which is available for desktop, tablet and smartphone.

The agreement allows them access to Evolutions full range of mainstream and VIP Live Casino games including roulette, Baccarat, Blackjack and a variety of poker variants. Access to a new progressive jackpot along with exclusive titles will also be a part of the agreement which is expected to go live on White Hat gaming platform in the early part of Q2 this year.

The UK licenced market leading platform provider is a conglomeration of casino content from dominant providers delivering to their customers’ players the best in gaming experience. They currently work with top multiple igaming brands such as The Grand Ivy Casino, Hello Casino, and 21 Casino.

White Hat Gaming’s Chief Marketing Officer Marc Weinberg stated:  “Adding Evolution Live Casino to our content roster is a strategic step as it significantly increases the number of tables and game variants in our Live offering — and across all devices.”

Weinberg continued:  “The deal greatly expands choice for our customers and their players. At the same time, innovative Evolution developments such as Immersive Roulette and Baccarat Control Squeeze are stand-out games that will significantly help our operators acquire and retain players.”

Chief Commercial Officer at Evolution Sebastian Johannisson also commented: “White Hat Gaming has a growing number of operators using its platform as a ‘one-contract’, solution and we are delighted to serve those operators via this channel. Their players can look forward to access to all of our live tables, including exclusive titles such as Ultimate Texas Hold’em, and to other attractions too. I’m sure our upcoming Dream Catcher game, for example, will be a big hit. As a uniquely different online live lucky wheel, it will appeal to operators’ existing slots and bingo players and add further fun and stickiness to White Hat Gaming’s wide-ranging content offering.”

FIA’s WRC’s official sports betting partners’ technology powered by Finnplay

Finnplay, the Finland-based open gaming platform provider, today announced that it has signed a platform agreement to provide OneBet, a newly launched sportsbook, focusing on betting on FIA’s World Rally Championship with a range of other sports betting options, including pool betting, fixed odds, and live betting with a full casino game selection as well.

Erkki NikunenErkki Nikunen, Partner & Vice President of Sales of Finnplay, commented: “OneBet is an innovative and new sports betting brand, founded by a successful management team with years of sector experience. We are therefore delighted that they have selected our company to provide their brand’s turn-key technology stack.”

Morten Østberg, Managing Director of OneBet, said: “We are delighted to work with Finnplay on the launch of the OneBet sports betting brand. Their solution allows our business to offer an array of betting products that today’s sports bettor demands. As part of our launch strategy, OneBet has signed a multi-year contract as the FIA World Rally Championship’s official sports betting partner, which shall see unique and exclusive content accessible from the OneBet website powered by Finnplay’s technology stack. We look forward to our launch and to a fruitful and productive partnership with Finnplay.”

About Finnplay

Founded in 2008, Finnplay is a privately owned Finnish-based gaming platform provider, which specializes in tailored gaming solutions for the online and mobile gaming industry.

For further information on the company, please visit: www.finnplay.com

About OneBet

The team behind OneBet, has extensive experience in motorsports, marketing and betting. OneBet is a company in the Rush Entertainment Group. Founded in 2017, OneBet is one of the most exciting new gambling sites today. With its partnership with FIA Word Rally Championship, OneBet will provide new and fresh gambling opportunities, in a scale never seen before.

For further information on the brand, please visit: www.onebet.com

Are you a startup? Then apply for the SiGMA Startup Pitch 2017 and meet hungry investors. View Startup Pitch 2016 gallery here.

NetEnt records increased revenue end of 2016 thanks to UK market

Leading provider of premium digitally distributed gaming systems to the world’s most successful online casino operators NetEnt announced that its full year sales for 2016 increased by 28.5% to a record SEK1.5 billion (£130.8 million/€153.7 million).

Their operating profit for 2016 totalled SEK356m which is an increase of 33.4% from 2015. The company stated that the UK turned out to be the biggest regional market in December for the first time.

NetEnt indicated that its mobile gaming business was a big driver of sales growing by 43% in the last quarter of 2016. The company expects further growth overall in 2017 having signed 31 customers who have yet to launch their NetEnt products. In 2016 the company inked a total of 45 new customer agreement and saw 34 new customer casinos being launched.

Chief Executive of NetEnt Per Eriksson commented:  “2016 was another exciting year for NetEnt with new record levels in revenues, earnings and cash flow. The fourth quarter developed well – revenues increased by 23.9% and the operating margin improved to 39%.”

“Great Britain continues to offer great growth potential for us and in December, it became our largest geographical market for the first time. Looking ahead in 2017, we see conditions for continued solid growth, supported by a strong pipeline of new games, UK, mobile, new customers to launch as well as our expansion in North America.”

How online casinos use new technology

iGaming is an industry that has a storied history of bringing the latest technology to the market. Bingo and casino games online were some of the first to be played online and this sector is continuing to roll out new innovations to the market.

Those at the fore of the industry will easily see the latest tech being developed for use in iGaming. Taking a look back at the mobile boom in this industry, which really hit in 2014, will show how quickly these sites adopt this tech. Some sites are struggling to come to the mobile market, even in 2017, so these mobile sites were really at the top of their game.

The end goal of implementing any new technology is to attract new players, as is the case with mobile gaming or offering a new innovation. Developers are always looking for the latest offerings that their players would find interesting, whether that’s a brand new bonus or theme to contend with. They watch their market carefully to see what sticks with consumers then attempt to replicate it across the board.

Security features are also being used by casinos, as they help wary players to get online. The online security of players is becoming ever more important, because they are more aware of fraud than ever. Bitcoin is becoming popular for this reason and many players are looking for this option when they play. Not every player will want to use this but the ones that do will appreciate the choice to be able to.

Making games more immersive is the agenda of most of the best UK casinos online, like those listed on newcasinosonline.org. These gaming sites are now using the latest technology to make their users feel more of a part of the action, like live casino games. These can attract new players to the casino and also breathe new life into the gaming time of older players too. As we all know, part of the struggle for many casino operators is to keep them coming back for more and these games can be vastly helpful.

Part of the move towards new technology is to improve the player lifecycle but some operators argue that it’s even more important to keep up with the competition. Falling behind in this way would cause them to become irrelevant, so even if a site is just offering what their competitors do, they will be better placed to draw in more customers. Even using other platforms like Facebook can make a site seem a lot more up to date with just a little investment needed.

These are interesting times for the industry, with upcoming technology bound to make a massive impact in the long term. 2017 is going to change what players expect and what operators offer, one thing is for sure though – the market will get more competitive. Standing out will be harder than ever but it just takes one breakthrough to take a casino or bingo site to the top of their game.

Mediarex prepares for the Poker World frenzy in 2017

Sports marketing agency Mediarex Sports and Entertainment, who has dedicated themselves to developing sports formatted Poker competitions will this year be celebrating their 5th year as an entrepreneurial adventure.
During this period they have launched initiatives such as Global Poker League (GPL), Fantasy Poker Manager, the American Poker Awards & Conference, as well as HoldemX and 3v3Poker among others.

They are such avid believers in the poker game and its dazzling future ahead being die hard poker fans at heart that they have also eagerly bolstered established initiative properties including the GPI, The Hendon Mob and the European Poker Awards.

The past five years have also seen them as an innovation lab uplifting the face of the poker world by experimenting with and launching new initiatives “that subvert our audience’s notions of what poker is or has the potential to be.”
Their experiences, as any other lab, has observed both hit and misses which just strengthens them, learning from it all convinced that they are moving in the right direction.
They have also observed in the past few months that although they have been focusing specifically in one direction being to grow the game and industry of poker, it has created an offshoot as they had to operate as 2 separate businesses to accomplish this. In the end, creating two units that offer different types of innovation –  The ‘Industry Ambassadors’ Unit and the Pokertainment™/ Sportify Poker™ Unit.

Mediarex highlights both these units breaking down their individual roles:

The ‘Industry Ambassadors’ Unit main focus is on the promotion and rewards of poker players and helping to organise and assemble the world of poker operators, strengthening the “current conventional poker ecosystem”. This unit includes the GPI, TheHendonMob and their twin Awards and Conference initiatives.
It is safe to say that they have reached their targets with GPI and The Hendon Mob in their corner aiding greatly in reaching out to the poker world being the Poker’s de facto ranking authority and online portal. They boast of more than 7 million visits per year, ranking 500,000 players in 97 countries and working with 1700 organisers. This Ranking & Database Authority is the online GPI poker ranking authority.

Pokertainment™/ Sportify Poker™ Unit is considered the “mad scientist unit” as this is where ideas are born for out of the box fan experience and a direct player to player initiative such as GPL, HoldemX, 3V3Poker, PokerDraft and Fantasy Poker Manager. Their main goal is the creation of “disruptive content, media experiences and gaming products geared towards engaging a new generation of digital consumers and developing exciting platforms capable of making a new poker narrative – one that is more aligned with modern gaming trends, esports & players’ thirst for experiences that may be poker-based but transcend the conventional confines of the game.”

Mediarex considers this unit the tougher unit to operate but at the same time, in their words “gratifying and fun”.

They are eager to embark on the new year and all it holds for the poker world while continuing the separation of their two units which will enable them to accomplish more and be more efficient.

They welcome you to their 3rd American Poker Awards being held next week on Thursday 23rd February 2017 at the Sofitel Beverly Hills, California.

Microgaming signs extension of Bingo deal with Broadway Gaming

Award winning bingo, casino and poker software provider Microgaming has agreed to continue to provide their bingo software to the Malta-licenced online gaming company Broadway Gaming.

Since its launch in 2010, Microgaming has powered the flagship “Butlers Bingo” brand along with supplying the platform for other new sites such as ‘Glossy Bingo’, ‘Rehab Bingo’, ‘Dotty Bingo’, ‘Bingo Diamond’ and their latest, ‘Casino of Dreams’ which came out in 2016, all of which Broadway has also been utilising.

These games are licenced by the UK Gambling Commission as well as the Malta Gaming Authority and hold eCOGRA’s Safe & Fair seal with the software being compatible on both desktop and mobile.

David Butler, CEO of Boardway Gaming, had this to say about the deal: “Since the company’s launch in 2010, we have had great success with our bingo offering; working with Microgaming has helped us to achieve this thanks to the quality of their bingo product, including a full suite of casino games, as well as their excellent customer support.”

“They also allow us to feed into the product development, which is critical to ensure we provide the very best bingo experience to our players.”

“We look forward to working with Microgaming long into the future. 2017 is set to be our biggest and best year yet, as we expect unprecedented levels of growth thanks to a number of key initiatives scheduled throughout the year.”

Jean-Luc Ferriere, director of network games at Microgaming added: “Working with Broadway Gaming from the offset has meant we have built a very strong relationship over the years.

“We’re delighted that the company has signed an extension and we look forward to working closely with them to ensure continued growth.

“We have some exciting plans for Microgaming bingo in 2017 and this deal is a great start to the year.”