Posts

iSoftBet Forms Partnership with Amatic Industries

Leading online and mobile casino games provider iSoftBet has announced a new partnership with another software vendor; Amatic Industries GmbH.

iSoftBet’s Game Aggregation Platform – GAP – will now be able to offer content to its operators from Amatic Industries as part of its diverse games portfolio.

Well known for its complete Multi Game Solution, Amatic Industries is a family-owned business that has been successfully operating within the international gambling market as a designer, manufacturer, and distributor of casino games for two decades.

Head of Business Development for iSoftBet, Michael Probert, commented on the partnership, saying: “iSoftBet Game Aggregation Platform (GAP) has evolved impressively over the past year and holds many distinct features, such as being able to provide fresh and well-performing content continuously. Amatic has an in-depth understanding of player needs in every country, and so partnering with them will surely give iSoftBet an edge over others.”

Amatic’s Tatjana Bauer-Engstberger also commented: “We are thrilled that our games will now be available for online play on iSoftBet’s Game Aggregation Platform (GAP). Our belief and strategy has always been that proven land-based games will set the hallmark for success in online gaming, and we are sure that iSoftBet players will enjoy our content produced with this unique approach.”

iSoftBet’s Game Aggregation Platform is an advanced platform that provides operators with a library of third-party games which are sourced from over 20 software developers and can be accessed through a single, seamless integration.

iSoftBet will also be showcasing at this week’s iGaming summit, SiGMA16 – Malta’s biggest gaming event of the year. If you’re interested in joining us this week between the 16th and 19th, click here to register.

Follow us on Facebook and Twitter for more updates.

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.

Follow us on Facebook and Twitter for more updates.

EveryMatrix Integrates MrSlotty Games Porfolio into Platform

Leading iGaming software provider EveryMatrix has integrated the complete MrSlotty slot games portfolio into its platform.

The MrSlotty games portfolio consists of light-sized html5 slot games, which display full HD video quality that can adapt to several web-based and mobile platforms. The slot games are tailored to fit all mobile devices, and are made to respond to online operators’ demands for better technical integration capabilities.

Anatoliy Peev, CEO for the company behind the MrSlotty brand, Loberta UAB, commented: “I am excited about the fact that the integration of MrSlotty to EveryMatrix platform was successful, and the whole portfolio of MrSlotty games is available to EveryMatrix clients. I am confident that our innovative slot games will be much appreciated by EveryMatrix casino operators.”

EveryMatrix solutions and services have been designed to deliver customised products for all operators within the market, and to respect the principle of collaboration between different providers.

The company is progressing towards offering a complete casino platform that covers all integration requirements, while retaining its tailor-made front end design. It has constantly improved its CasinoEngine, which has now become the biggest content aggregator in the market with more than 3,000 casino and live casino games from top providers including NetEnt, Play’n GO, Microgaming and more.

EveryMatrix and all of the above-mentioned providers will be showcasing at Malta’s biggest upcoming gaming event of the year – SiGMA16. If you would like to join this iGaming summit between the 16th and 19th of November, click here to register.

Follow us on Facebook and Twitter for more updates.

Booming Games gives EveryMatrix Casino Content a Boost

EveryMatrix has strengthened their casino content section with the addition of more than 60 titles from Booming Games. The B2B games provider of proprietary content for the gaming industry is one of the leading providers of casino software.

Booming Games portfolio is available on both desktop and mobile and they have brought to the market a range of popular slot titles like Jokers Wild, Oh! Catarina and Booming 7. Their most recent additions include Freemasons Fortune, Desert Drag and Shark Meet and they utilize the most current of technologies which are integrated with innovative themes and original features.

Booming Games enjoys a worldwide reach of global players through multiple channels and are dedicated to utilizing classic formulas that have been proven to work for success along with the latest advancements in the gaming industry.

Head of Business Development at Booming Games Frederik Niehusen said: “We are thrilled to be partnering with EveryMatrix, who have an impeccable track record in providing software solutions, and we look forward to working with such accomplished experts in the iGaming industry.”

EO of EveryMatrix Ebbe Groes stated: “We have been driven time and time again by a strong conviction to consistently provide our clients with a large selection of games that can respond to their commercial needs. The original portfolio from Booming Games allows our clients to address new audiences, and positions our casino product as the largest casino aggregator in the market.”

Mr Green Enjoys Revenue and Customer Number Increase in Q3 Report

Online gambling company Mr Green has released its interim report for the third quarter, reporting an increase in total revenue of 14% to SEK 229.9m.

Detailing factors behind the rise, the online operator noted the impact of a “broadened product range, a growing number of customers, and a stronger market position outside the Nordic region.”

Revenue generated by mobile products during the July-September period contributed to 43.3% of the total.

Compared to the previous quarter, EBIDTA before non-recurring items dropped by 57.5% to SEK 17.4m.

Mr Green attributed this decline to higher local betting duties and increased marketing costs.

The number of active customers grew by 39% to 102,429, while customer deposits hit an all-time high, climbing by 21% to SEK 687.2m.

CEO Per Norman commented: “During the period we continued to work intensively on implementing our new business strategy, which we call Mr Green 2.0.

“The business strategy is built on five cornerstones: brand, user experience, product offering, geographical expansion and being the leading player in Green Gaming (responsible gaming).

He went on to say: “I am happy and proud of what our organisation has achieved in such a short space of time and look forward to our journey of change towards continued growth and increased profitability.”

Mr Green will also be showcasing at SiGMA16 – Malta’s biggest upcoming gaming event. If you’re interested in joining this iGaming summit in November, click here to register today.

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”

For more updates, click here or follow us on Facebook and Twitter.

NetEnt Posts Boosted Q3 Revenue & Profits Report

Stockholm-listed industry games developer NetEnt AB has published its Q3 2016 trading period, reporting a further consecutive quarter of top-line growth on all metrics.

Closing the Q3 period ending 30th September, NetEnt recorded a corporate revenue increase of 27.7% to SEK 357.4 million, compared to SEK 279.8 million in the same period last year. Its strong revenue performance achieved operating profits of SEK 129 million (€13.3 million), and profits after tax of SEK 119 million (€12.2 million).

Detailing performance drivers, NetEnt governance pointed to the firm’s strong commercial pipeline which had seen 11 new customer agreements signed during the period – including UK gambling operator Rank Group Plc.

Updating investors on its year-to-date performance, NetEnt governance is confident to reach all corporate expectations as the company hits a yearly operating profit of SEK 380 million (€39 million).

Governance detailed that the company will continue its focus on expanding its services within regulated European markets. It also stated that it will support its strategy by “increasing the number of employees” and adding further resources to the development of its platforms.

Commenting on corporate performance, President and CEO of NetEnt, Per Eriksson, said: “NetEnt’s growth strategy keeps delivering results – we grow in new markets, with new products and with more customers. During the quarter, we launched our games in the regulated market in Romania and we rolled out our live casino product for mobile.”

“The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year. Our ambition to achieve continued strong sales growth in 2016 remains.”

NetEnt will also be showcasing at Malta’s upcoming gaming event of the year, SiGMA16. If you’re interested in joining this iGaming summit in November, click here to register.

Follow us on Facebook and Twitter for more updates.

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.

Follow us on Facebook or Twitter for more news and updates.

Olympic Entertainment Group forecast 21% increase in Revenue

Thanks to the expansion of its markets in Estonia, Lithuania and Latvia, Casino and Online gambling operator Olympic Entertainment Group (OEG) has experienced a revenue rise of more than one-fifth this Q3 2016 (Q3 period of the last three months ending September 30)

The Tallin-listed operator released their unaudited figures where the OEG governance reports an overall rise of 21% to €45 million this Q3. The Estonian market proved to be the biggest gains rising 20.2% to €10.1m while the Latvian market contributed to the overall amount earning €15.6m, a 16% increase.

Apart from Poland, who experienced -9.5% in figures, and Belarus where there was zero contribution to the overall figure, the operator having to withdraw from Belarus this September citing ‘poor market conditions and declining prospects for its business growth’, the gambling operator has reported growth across all other key markets.

The new €45m Hilton Tallin Park which opened in June of this year aided in OEG Estonian business contribution to the quarter’s figures being the first Hilton to open in the Baltic region and boasting of what OEG calls its new flagship gaming venue, the Olympic Park Casino.

EG governance issued a shareholder notice on the 10th October disclosing that the company would be paying a dividend 0.05 EUR per share on 14th October 2016.

The unaudited results of OEG see their year-to-date revenue at €131.5 million, an increase of 16% from the same point last year.

888 Holding set to launch localised service in Romania

888 Holdings, the Online gambling operator has announced their intent on September 1st to launch a new localised service in Romania. The company’s Romanian version, 888.ro will unify its poker, casino and sport arms all together in a single account.

888 Holdings chief executive Itai Frieberger states that the company has been one of the world’s dominant and trusted gambling operators for close to two decades with their award winning proprietary software and services as their backbone.

A conglomerate formed by 888 Holdings and Grosvenor Casino operator Rank submitted two bids for Will Hill last Thursday that were both refused. The consortium suggested a three-way tie up where the two companies would combine to form a brand new company called Bidco with the aim to gain Will Hill.

Frieberger admitted his disappointment after William Hill board did not share the views of 888 and Rank for the business because he considered the proposed merger to have “compelling industrial logic” behind it.

“Our flagship brands, 888poker, 888casino and 888sport, operate in several regulated markets around the world, including the United Kingdom, Spain and Denmark, and have been an online destination of choice in these markets for years,” added Frieberger. “We aim to offer 888.ro to Romanian players as a global brand with a unique, local flavour.”