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BetConstruct Secures Class II Romanian Gaming Licence

Award-winning developer and gaming solutions provider BetConstruct has secured a Class II gaming licence from the Romanian National Gambling Office (ONJN). The company will now be able to supply its platform to all online gaming operators within the Romanian regulated market.

Commenting on the news, BetConstruct CEO Vahe Baloulian said: “BetConstruct views Romania as a significant and forward-looking jurisdiction. With the ONJN license, we are bringing our powerful betting technology to local operators enabling them to stand-out in this important market.”

This licence adds on to the company’s licences granted by Malta Gambling Authority, the UK Gambling Commission, as well as other jurisdictions, which allows BetConstruct to help its partners meet any necessary requirements for operating in different regions.

After having been given the title of Best Sports Betting Product Award at the SBC Awards just two weeks ago, Baloulian commented: “Being recognized as the Best Sports Betting Product supplier by the only awards dedicated to betting, speaks for itself. BetConstruct cherishes the industry’s acknowledgement and the responsibility that comes with it.”

He went on to say: “We will continue building on our success and providing the best products the operators and players expect and enjoy.”

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Best Gaming Technology Confirms Partnership Extension with Stan James

Innovative retail technology company Best Gaming Technology (BGT) has confirmed that it will supply 83 widescreen terminals to new Stan James betting shops.

Commenting on this update, Stan James director Euan McCormick said: “We have recently completed the deployment of 30 widescreen Storm terminals into our estate. Following our acquisition of the Coral/Ladbrokes shops, it was clear that we would need to have an enhanced product to retain existing customers and to compete in the modern market place.”

McCormick pointed out that they are pleased to have placed an order for the latest widescreen Storm terminals, offering the full BGT product range including Racing Post and a variety of numbers betting. He mentioned that the bookmaker plans to place a minimum of two terminals in each shop to ensure availability to customers.

He went on to say: “As part of our upcoming re-branding and relaunch as Megabet, we are looking forward to investing in, and improving, our Sports Betting offering along with all other areas of the business from the shop environment to the range of products and services on offer.”

Also commenting, BGT UK Managing Director John Pettit said: “BGT is extremely happy to be able to work with Stan James/Megabet in providing the very best in sports betting technology, offering a seamless transition of BGT services, including the introduction of our new-look homepage, Racing Post and numbers betting. We look forward to further developing our relationship with Stan James.”

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Catena Media Acquires US Online Gambling Assets

Online lead generation company Catena Media has entered the regulated US online gambling market by confirming the acquisition of licensed affiliate website assets from three separate US founders.

Catena Media governance, specifying acquisition details, stated that it has agreed to pay an upfront cash and shares deal valued at €15 million, with 25% of the deal being settled through a distribution of a total of 440,669 new shares in its business.

As a further deal incentive, based on revenue performance of the assets over a three-year period, it has placed a $45 million cap earn-out.

Catena stated that its new assets would contribute directly to corporate performance, and further detailed that the acquired websites had an estimated revenue €1 million per quarter, with a 75% operating margin.

The revenues generated stem from licensed operators in the regulated Casino and Poker markets in the states of Nevada and New Jersey. It is estimated that following the acquisition, close to 50% of Catena Media’s revenue will be derived from regulated markets.

While Catena governance did not disclose the name of individual assets, it did confirm that playnj.com and USPoker.com are among its acquired US online websites.

Commenting on the US acquisitions. Catena Media CEO Robert Andersson said: “We are very excited about this opportunity, which will not only see Catena Media becoming the largest regulated casino affiliate in the US, but also puts us in pole position to take advantage of further re-regulation in what has the potential to become the world’s largest iGaming market. This is an important step in realizing our vision to become the world´s number one provider of high-value iGaming leads.”

This year has seen Catena Media move to increase its international affiliate network as the company moves to extend its player marketing footprint in regulated iGaming and betting markets. This month, Catena confirmed its £10 million acquisition of leading UK player portal Casinouk.com.

Website co-founder and seller to Catena Media, Aaron McCann, commented: “We are impressed with Catena Media and are excited to join their strong and experienced team, which will enable us to take advantage of the many strategic and 2 D-2452017-v2 financial benefits expected from the regulation in the US. We look forward to continuing the journey we have started, and Catena Media is a great match for us.”

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Unibet Group Officially Renamed Kindred Group Plc

The proposed name change of the holding company Unibet Group plc to Kindred Group plc has officially been approved by shareholders at a General Meeting in Stockholm yesterday.

The decision to rename the company was made due to Unibet’s ongoing change and development, with a strong focus on its multi-brand strategy. It now has ten consumer-facing brands in its portfolio, many of which were acquired, and all will be represented by the Kindred Group brand.

The name chosen is based on an extensive analysis of the Group culture and identity – kindred – which refers to a relationship between people with similar values, beliefs, and attitudes. This conveys the unified nature of the company and its subsidiary brands.

Commenting on the name change, Unibet Group Chairman of the Board of Directors, Anders Ström, said: “Changing our group name from Unibet Group to Kindred Group marks an historic step for our company, founded almost twenty years ago.”

He went on to say: “We are now in a position to move Kindred Group into the future with enhanced clarity and flexibility, creating better conditions for future growth in a dynamic and changing business environment.”

Unibet Group CEO Henrik Tjärnström added: “As Kindred we can create a greater distinction between our consumer facing brands and the group brand, providing us with the necessary strategic flexibility to ensure we remain at the very forefront of our industry. As a group we have played an important part in driving the industry forward, and we intend to continue to do so in the future.”

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NetEnt Launches New Slot Game – Warlords: Crystals of Power

Leading software development company NetEnt is giving its customers the chance to conquer the world and gain untold riches through its newest slot, Warlords: Crystals of Power.

The new title is one of the company’s biggest in-house creations to date, and the result is an animation-heavy production with mass audience appeal.

The game is set in an age where rulers spend their days waging war over lands and treasure, and following years of conflict, only three Warlords remain – the Barbarian, the Priestess, and the Samurai. Each Warlord holds a Crystal of Power that the others want to claim as their own.

The 5×3, 30-line game offers a triple dose of excitement with three different types of free spins, which each correspond to one of the character symbols. Striking three different scatter symbols will activate the battle between the three Warlords – and the chance to win big prizes.

NetEnt CPO Simon Hammon commented on the new game: “An incredible amount of effort has gone into the creation of the game and the storytelling of Warlords: Crystals of Power. We are thrilled with the 3D graphics, soundtrack and gameplay, the result is simply stunning.”
He went on to say: “Players will be blown away by the attention to detail, especially the animations and interactivity of the characters. We have really pushed the boundaries with this game, and are confident our customers and their end users will enjoy the result.”

NetEnt has been a true pioneer in driving the gambling market since its inception in 1996, providing players with thrilling games powered by its cutting-edge platform. With innovation at its core, NetEnt is committed to helping its customers stay ahead of their competition. The company is listed on Nasdaq Stockholm and has offices in Stockholm, Malta, Kiev, Gothenburg, and Gibraltar.

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Playtech Officially Launches New Prestige Baccarat

Online gambling software development company Playtech has officially launched its new Prestige Baccarat live dealer casino offering.

The provider announced the second instalment of its Prestige live casino suite on Tuesday, following last year’s launch of Prestige Roulette.

Prestige Baccarat is staged in a newly designed environment, offering a custom designed red cloth on the tables, backdrops featuring the Chinese symbol for good luck, a roster of “hand-picked” dealers that are capable of conducting affairs in a variety of languages, and a series of specially positioned cameras that focus on the “squeeze” element of Baccarat.

The game showcases Playtech Live’s first re-engineered user interface. Following the release of HTML5 Roulette, Prestige Baccarat has been built in close co-operation with licensees. Playtech has combined discovery sessions and customer feedback with dealers chosen for their Baccarat skillset and native languages depending on which option players select.

Playtech Live Head of Innovation Kevin Kilminster commented: “A great deal of research, development and close co-operation with licensees has gone into what we are confident is the best live Baccarat product on the market.

“The newly refined live game contains the classic squeeze variations, as well as the squeeze logic associated with one of the most popular casino games in the world. The feedback has been very positive so far and we’re sure it will go from strength-to-strength.”

COO for Playtech Shimon Akad added confidently: “Prestige Baccarat and the Prestige suite of products marks the beginning of a very exciting journey, with Playtech Live unveiling its next generation of live casino games, platform technology and software that we believe will take live casino to an entirely new level of product capability, performance and personalisation.”

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EveryMatrix Appoints Matthew Colledge as New CTO

Leading iGaming software provider EveryMatrix has updated the market, confirming the appointment of Matthew Colledge as its new Group Chief Technology Officer (CTO).

Industry IT veteran Colledge is joining EveryMatrix operations from sports betting solutions provider Offsidegaming, where he led the technology and product development departments as CTO between 2011 and 2016.

EveryMatrix governance was pleased to have secured Colledge’s services, stating that it had gained an experienced CTO with a strong understanding of the industry innovation, business operations, and delivering on iGaming and betting projects.

CEO Ebbe Groes commented on the appointment, saying: “Matt’s leadership in technology caught our attention some time ago and we are happy to have him join our ranks. With his wealth of industry experience and technical skill set, he will oversee ongoing operations and provide the ideal boost for our present drive to increase capacity, top-notch technical support and faster development.”

Colledge joins the EveryMatrix team as the company expands its industry services internationally. Throughout this year, EveryMatrix has informed the market that it has gained 26 new clients, making it one of the fastest-growing technology providers in the sector.

Commenting on his appointment, Colledge said: “EveryMatrix is known in the industry for its ability to come with a flexible approach towards providing software solutions that can respond to operators of all sizes. I am happy to provide the leadership to deliver along with my colleagues a solid and secure infrastructure, a reliable gaming platform and exciting products.”

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NYX Gaming Extends UK Presence with Rank Group Casino Content Deal

Leading digital gaming provider NYX Gaming Group has announced that a selection of its casino titles has gone live with UK gambling operator The Rank Group.

The agreement sees NYX Gaming delivering gaming content developed by its in-house NextGen Gaming studio via the Open Gaming System (OGS). The first titles have already been rolled out.

It is also important to note that the OGS platform hosts titles developed by third-party gaming studios and that NYX Gaming will supply the UK operator with some of them, too.

The latest partnership represents an extension of the Canada-listed provider’s presence into the highly popular and competitive UK gambling market.

Commenting on the announcement, NXY Gaming Commercial Director David Johnson said that, following the quick integration of the OGS platform, his company is now able to boost Rank’s casino offering with in-house produced gaming content as well as products by recognised developers that NYX Gaming has been representing.

Adam Joseph, Director of Digital Operations at Grosvenor Casinos – Rank’s casino gambling brand, said that the deal marks a partnership between two leading gambling companies – an operator and a supplier – and that they are excited about providing “the widest breadth” of gaming content to be available in the market.

Grosvenor Casinos manages the largest chain of brick-and-mortar casinos around the UK as well as a casino website. Apart from Grosvenor Casinos, the major gambling operator also runs the UK-facing Mecca online and retail bingo brand, as well as the Spain-facing Enracha bingo brand.

The announcement about the expansion came shortly after the company posted its results from the third quarter of the year, during which NYX Gaming launched its products with eight new clients. The supplier’s revenue for the quarter ending 30th September totalled C$54.4 million, up 308.9% from the same period in the previous year. The revenue jump was attributed to recent acquisition activity, including the purchase of online sportsbook provider OpenBet.

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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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Ladbrokes, Coral and Betfred Offer Bets into HKJC Pools

Following an agreement between Hong Kong Jockey Club (HKJC) and the UK Tote, Ladbrokes, Coral and Betfred customers in the UK will now be able to place bets on the pari-mutuel pools in Hong Kong.

The operators will accept bets both online and in betting shops for the tote pools, although fixed-odds betting will not be available. The live broadcasts will be distributed by SIS.

HKJC’s Executive Director Richard Cheung commented: “Given its tremendous legacy in the sport of horseracing, it is a great pleasure to welcome the UK to our expanding list of co-mingling jurisdictions.

“While we are certain that UK racing fans will be attracted to the world-class racing, especially with our Longines Hong Kong International Races looming on Sunday, December 11, our midweek racing, often at Happy Valley, is a perfect midday option for customers.”

The HKJC anticipates making more agreements with UK operators within the coming months. Commenting on this, the co-mingling director George Irvine said: “A high street presence is a must in the UK market, and this agreement will enable some of the world’s finest racing fans to participate in the excitement of Hong Kong’s competitive racing.

“This deal ensures Hong Kong racing will be available in thousands of retail betting outlets, while future agreements we are finalising will enable delivery direct to millions of UK households. Meanwhile, the placement of Hong Kong race cards in the Racing Post will reliably inform punters in a familiar style.”

Ladbrokes is also currently showcasing at Malta’s biggest gaming event of the year – SiGMA16. If you’re interested in joining us this week till this Saturday 19th November, click here to register now.

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