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Mr Green Granted Approval for Nasdaq Stockholm Listing

Online gambling company Mr Green & Co AB has been granted the right to a public offering on its stock exchange by the Listing Committee of the Nasdaq Stockholm.

Mr Green governance declared while updating the market and company stakeholders that the operator would target a 30 November float on the Nasdaq Stockholm, moving its prime listing from the Swedish Aktie Torget market.

Mr Green CEO Per Norman issued a corporate statement, declaring: “Mr Green is well positioned to continue the implementation of the new business strategy in order to achieve its targets to grow faster than the market with increased profitability and to become the leading player in sustainability and Green Gaming.”

Backing the decision, Mr Green’s board stated to investors that it viewed a Nasdaq Stockholm IPO as a “logical and important step in the company’s development and the continued implementation of its new business strategy.”

While confirming its potential Nasdaq placement, Mr Green governance further states that its IPO plans would help the operator to secure a bigger group of investors for its ongoing international growth strategy.

Mr Green’s EBIDTA results in its 2016 trading have been impacted by higher costs attached to increased taxes and operational expenses, despite the operator recording higher corporate revenues.

Moving forward, Mr Green governance will release a prospectus for the listing on Nasdaq Stockholm which is expected to be published on 29th November.

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LeoVegas Publishes Strong Third Quarter Results

Swedish mobile gaming company and online casino provider LeoVegas has announced its third quarter report ending 30th September, posting its highest ever revenue so far of €39.7 million, up 76% year-on-year.

The Nasdaq First North-listed company reported EBIDTA of €9.8 million – a margin of 25% – attributed to reducing its marketing-to-revenue ratio from 60% to 36% over the quarter, as planned in the company’s second quarter report earlier in the year.

With deposits from customers reaching €39.7 million – an increase of 87% compared to the 23% in the second quarter – the growth is considered to be entirely organic.

Gross profit for the third quarter increased to €31.1 million, corresponding to a gross margin of 78.3%.

Announcing its long-term goals, LeoVegas said that it is determined to reach €300 million in revenue by 2018. The operator also wants to achieve an EBIDTA margin of 15% within the same year.

LeoVegas CEO and Co-founder Gustaf Hagman commented: “The launches of LeoVegas Sport and LeoVegas Live Casino have laid the foundation for strong growth in new customers and gave us considerable momentum into the autumn and third quarter.”

LeoVegas will also be showcasing at Malta’s biggest upcoming gaming event of the year next week between the 16th and 19th of November. If you’re interested in joining SiGMA16, click here to register.

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BetConstruct Expands Asian Presence with New Office in Taiwan

Moving closer to its existing and future potential partners in Asia, award-winning software development company BetConstruct has opened a new office in Taichung, Taiwan.

The company has been working in the region for a few years already, and had targeted the opening of the new office as a part of its overall development plan within the Asian market.

The opening of the new office presents an ideal opportunity to satisfy BetConstruct’s long-term intention to expand its local presence, and the decision has been taken very seriously.

Head of BetConstruct regional office in Asia, Lichun Hsiao, explained: “We have comprehensive gaming products and services, 24/7 technical support and all-embracing marketing tools, which means our partners in the region will have all the necessary tools and assistance.”

He went on to say: “Our Asian office is dedicated to offering intuitive and localised services for partners in Asia. Such an approach will eliminate the language barrier and, most importantly, lead to fast and responsive support.”

BetConstruct will also be showcasing at Malta’s biggest upcoming gaming event this month – SiGMA16. If you’re interested in joining this iGaming event between the 16th and 19th of November, click here to register today!

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Evolution Gaming Confirms Executive Corporate Restructure

Leading live casino games supplier Evolution Gaming has officially confirmed an executive restructure of its governance and leadership teams.

These changes will see current Chief Executive and Co-Founder Jens von Bahr take on the role of Executive Chairman. Evolution Gaming has informed investors that Joel Citron has stepped down as company Chairman, effective on November 1st. Citron will be taking up a board position with the supplier.

Von Bahr’s promotion to new Chairman sees Evolution Gaming appoint Martin Carlesund as Group CEO. Carlesund joined the games supplier company in June of this year from industry marketing and player acquisition specialist Highlight Media Group, taking on the position of Malta CEO.

Evolution Gaming is also appointing Johan Nordström as Carlesund’s Malta leadership replacement, after having served as President of Asia for international education and learning firm “EF Education First”.

Commenting on the corporate restructure, Jens von Bahr said: “Ever since the IPO, Martin and I have collectively focused on creating an organisation which can take Evolution to the next level. We now have that in place, and Martin is the right person to lead it; which he has proven during his time as CEO of the operational entity.”

He went on to say that: “In the role of Executive Chairman, I will be able to focus fully on the development of our ongoing, successful growth strategy. Among other things, I see the need to increase the time we look at potential acquisitions and strategic partnerships going forward”

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Play’n Go Signs Multi-Year Landmark Agreement with Paf

Swedish slot supplier Play’n Go has officially signed a multi-year agreement with international gaming operator Paf.

The deal, which is understood to be for an initial three-year period, will see Play’n Go’s award-winning suite of mobile and desktop content become available to Paf’s customers for the first time, including award-winning premium titles such as Gemix, Grim Muerto, and Eye of the Kraken.

Paf has been around for around 50 years, and has grown to serve countries including Finland, Sweden, Estonia, Spain and Italy. Apart from its online gaming site, Paf also offers gaming entertainment in their casinos and on cruise ships. Its selection of games includes slots, lotteries, casino games, bingo, poker, and betting.

Commenting on the agreement, Paf’s Director of Games, Kim Johansson, said: “Play’n GO is well known across the industry for producing some of the best titles around, and we’re thrilled to be give our players the chance to share in the fun and excitement.”

Chief Executive Officer of Play’n Go, Johan Törnqvist, also commented: “We’re delighted to have signed an agreement with Paf, one of the most well-respected companies in the industry. Paf is known in the business for being in the forefront when it comes to responsible gaming, with all of their profit going to good causes.”

He went on to say that: “As a Scandinavian company at heart, we feel strongly that our suite of premium titles with industry leading performance will be music to the ears of Paf’s customers. We’re looking forward to working closely with Paf in the years to come, and are confident that this agreement is just the beginning of a long and fruitful relationship.”

Play’n Go will also be showcasing at SiGMA16 – Malta’s biggest upcoming gaming event of the year. If you’re interested in joining this iGaming summit in November where you can watch Play’n Go among the many other exhibitors, click here to register today.

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Betfred and Stan James to Purchase 359 Ladbrokes and Coral Shops

A total of 359 shops belonging to Ladbrokes and Gala Coral are set to be sold to Betfred and Stan James in order to complete the merger between the two betting companies.

The final steps of the £2.7billion merger between Ladbrokes and Gala Coral have been cleared, with the pair having agreed to sell an amount of their shops to Betfred and Stan James.

The pair will be selling 359 shops to comply with the ruling of the Competition and Markets Authority (CMA), of which 322 will be purchased by Betfred for £55million, and 37 to go to Stan James for a cash consideration of £500,000, with the intention being that the £55.5million received will be used to repay debt.

Ladbrokes has confirmed that the 359 shops being sold generated fully costed EBITDA of £16.8 million in the year to 31st December 2015. The betting company is going to be selling a total of 185 shops, while Gala Coral is going to be letting go of 174 locations.

The CMA will be assessing the shop sales, with the merger to be completed upon its approval and the sale of one further shop.

Chief Executive of Ladbrokes, Jim Mullen, said of the matter: “The sale of these shops will clear the last significant hurdle to delivering on the merger with Coral and paves the way for our focus on completion and quickly delivering on the opportunities the merger offers.”

Ladbrokes will also be one of the exhibitors showcasing at Malta’s biggest upcoming gaming event, SiGMA16. If you’re interested in joining this great iGaming summit in November, click here to register today.

Ladbrokes on Rumours Regarding eSports Market Temporary Drop

Bookmaker Ladbrokes has officially stated that it will continue to take bets on the vertical, responding to news reports that it had closed down its eSports market.

eSports Betting Report was the first to notice that the online bookmaker had taken eSports off the virtual shelf. The reports by esportsbetting.com stated that eSports would no longer be offered as a market, and Ladbrokes cleared up these rumours.

The bookmaker detailed that the rumours of its eSports closure were simply a misconception between the news source and its customer support services. It stated that its eSports market had been closed temporarily in order to carry out improvements to the vertical.

Commenting on the matter, PR Manager and Head of Ladbrokes News, Alex Donohue, said: “We have been in the process of upgrading our eSports product. At no point have we decided to stop taking these bets, and we will shortly have more markets available to all our customers.”

Ladbrokes is a British-based betting and gambling company that aims to provide its customers with an enjoyable experience available from its shops to its website, mobile app, and phone services to make betting simple and fun.

Ladbrokes will also be showcasing at the biggest upcoming gaming event of the year – SiGMA16. If you are interested in coming to watch Ladbrokes as well as the many other great exhibitors at this iGaming summit in November, click here to register today.

BtoBet Signs Partnership with NairaBet for Expansion to African Market

Following sportsbook and gaming platform BtoBet’s actions to expand into the African market, the company is proud to announce that it has officially entered into a partnership with Nigerian online betting and gambling operator, NairaBet.

NairaBet, – The home of sports betting – is a leading in-play bookmaker that offers a wide range of betting opportunities on all sports, as well as virtual racing and games.

CEO of NairaBet, Akin Alabi, said of the partnership: “As a leading sports betting operator in the Nigerian market, we are always on the lookout for quality partners and products to ensure a great experience for our customers.

“One such partner is BtoBet, and we are looking forward to working with them.”

BtoBet is a pioneer in new technologies for iGaming operators and the betting industry. The company uses technological intelligence as its main base for its products, and it offers unique, customisable, flexible, and secure cloud-based systems to deliver unprecedented capabilities to drive the sportsbook and iGaming business.

Also commenting on the partnership, BtoBet CEO Alessandro Fried added: “We are very proud to have NairaBet as a partner in Nigeria.

“The growing number of gamblers and the spread of mobile is indicating the need to adopt a suitable platform and fitting software to manage player data and gambling-related business anywhere, from land-based shops to mobile and online.

“I firmly believe BtoBet’s next-level omni-channel platform – B Neuron – will provide NairaBet with the greatest insight into players’ data and behaviour and will drive the company to increase revenues.”

BtoBet will also be showcasing at Malta’s biggest upcoming gaming event of the year, SiGMA16. If you’re interested in joining this iGaming summit in November and watching BtoBet among the other exhibitors, click here to register today.

Tipbet signs up to become Official Betting Partner of SV Werder Bremen

Sports betting operator Tipbet is the Official Betting Partner of Bundesliga team SV Werder Bremen for the 2016/17 season.

As the Official Betting Partner, the Malta-based operator will be represented in advertising space around the Weserstadion and will organize a series of activities for the engagement of Werder Bremen fans.

TipbetUnder the Tipbet brand, numerous betting shops are operating successfully in Germany. SV Werder Bremen with their Bundesliga presence, will comprehensively contribute towards the growth of the betting office network and to further increase of the brand awareness of Tipbet, to establish its position as an excellent betting provider.

With SV Werder Bremen, founded in 1899, Tipbet has added another traditional Bundesliga club in its portfolio of sponsorships. Werder Bremen has already won four-times the German Bundesliga, six-times the DFB Pokal and once the UEFA Cup Winner´s Cup.

With an average weekly attendance of 43.000 fans per game, the German Bundesliga has the best attendances in Europe. Bremen themselves welcomed almost 700.000 fans at their stadium in the last season. That makes them the fifth most watched team on Sky Deutschland, averaging 430.000 viewers per game.

Philippos Naskos, Product Manager Tipbet:

“With Werder Bremen we have not only acquired a very successful Bundesliga team on our side, but also a well-established European brand. As a betting partner with Werder Bremen we are striving to increase our reputation. Therefore, we have agreed to an advantageous promotional package. We wish Werder Bremen the utmost success in the Bundesliga (and in other tournaments).”

Klaus Filbry, CEO of SV Werder Bremen

“We are delighted with the agreement for Tipbet to become our official betting partner. We are sure it will be a long and successful partnership. Partnering with a trustworthy sports betting company such as Tipbet will be an important part of our marketing strategy going forwards.”

Ladbrokes Publishes H1 2016 Profits Showing Accelerated Growth

Ladbrokes Plc governance has published this year’s H1 results, stating that its ongoing corporate strategy has seen it deliver an “accelerated multi-channel” growth on all core metrics.

The bookmaker would close H1 ending 30th June 2016, recording group revenues of £661 million with an increase of 13% compared to the £585 million from same period last year.

Reversing its H1 2015 losses of -£37 million, the revenue uplift would see the operator post an operating profit of £37.7 million. Ladbrokes would record pre-tax profits of “25 million, maintaining its strong start in 2016, as it reverses 2015’s corresponding £50 million group losses.

Commenting on the H1 2016 performance, Ladbrokes Chief Executive Jim Mullen said: “These strong numbers show customers are responding positively to the new strategy at a time when the sporting gods have generally been on our side and we’ve enjoyed some helpful bookmaker friendly results. This combination has helped boost profits in the first half of the year.”

He went on to say: “We will continue to compete hard on pricing, product and customer services and maintain a relentless focus on meeting and exceeding customer expectations. With the merger on the horizon we recognise there is a lot of hard work still to come, but this is an exciting time for Ladbrokes and we approach the opportunities ahead with a strong sense of confidence.”

Ladbrokes will be exhibiting at Malta’s biggest iGaming summit of the year, SiGMA16. If you would like to join this gaming event and watch Ladbrokes along with the many other exhibitors in November, click here to register.