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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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Betsson AB Seeks SEK Bond for Increased Corporate Acquisitions

Stockholm-listed European sports betting operator Betsson AB has published a short market update, confirming that it has issued a mandate to Nordic investment banks, DNB Markets and Swedbank, in order to “arrange fixed income investor meetings starting 14 November 2016”.

The betting operator is seeking to secure a three-year bond issue, from which the proceeds will be used to facilitate Betsson’s ongoing acquisition strategy, its refinancing debt, and general corporate purposes.

Betsson AB CEO and President, Ulrik Bengtsson, commented on the update, saying: “Betsson has a clear acquisition strategy and we constantly review opportunities that could materialise in the short or medium-term. The planned bond issue creates increased financial flexibility for Betsson to continue to be active in the consolidation of the gaming sector.”

Betsson continues its strategy of focusing its growth via acquisition in related markets. The operator’s recent acquisitions include TonyBet’s Lithuanian sports betting asset for a total consideration of €4 million, for which the deal was completed in September 2016.

Following a hard second half in 2016, Betsson governance declared that the operator was back on track after experiencing a successful third quarter performance, recording an operating income of €24 million.

Last October, Betsson revealed a new brand refresh for its flagship division Betsson.com, launching the new tagline: “Anytime’s Playtime”

This week, Betsson is also exhibiting at Malta’s biggest iGaming summit of the year, SiGMA16. If you’re interested in joining us at this gaming summit this week from today till Saturday 19th, click here to register.

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Cherry iGaming Subsidiary Obtains UK Gaming Licence

Cherry iGaming subsidiary PlayCherry Ltd has been granted a local UK gaming licence for gaming operators from the Gambling Commission.

The company will initially use this licence for CherryCasino.com as its flagship brand, which can now officially be launched in the UK.

Recently relaunched white-label gaming website EuroSlots will also be rolled out shortly after. Meanwhile, iGaming brand Sunmaker, which has always been popular with international players, will be the third one launched into the UK gaming market.

This latest announcement comes as part of Cherry iGaming’s strategy to expand into new regulated jurisdictions. The operator will use its brands to reap the benefits from the UK market, which is known to be one of the largest regulated markets across the globe.

CEO at Cherry iGaming, Jonas Wåhlander, commented on the announcement, saying: “This is an additional step in the evolvement of Cherry iGaming. Through a wide offering we will have a brand for every key customer segment in the UK market, encompassing all types of products to engage with them.”

He went on to say that: “With the current presence and insight we have, combined with ComeOn’s experience, we expect a positive entry into the market and are excited about the potential of this very important market.”

This gaming licence covers both casino and sports betting, and allows the company to engage the entire UK market. Cherry iGaming also holds gaming licences in Malta, Curacao, and Schleswig-Holstein.

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

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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.

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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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Gaming Innovation Group Publishes Strong Q3 Results

Malta based Gaming Innovation Group has published its Q3 results, showing a continued strong growth in both performance and revenues.

The company’s Q3 results brought €14.5 million in the third quarter, meaning that it saw an increase of 201% from the same period last year.

With this in mind, the report also noted that the group expects to exceed the guided 100% organic growth for full year revenues, and that revenues will exceed €120 million next year.

One of the factors contributing to the strong results throughout 2016 was the acquisition of Betit Holdings, which added a total of three brands to the company’s B2C gaming operations – Kaboo.com, SuperLenny, and Thrills – which expanded its presence in the lucrative Nordic market considerably.

This acquisition is relatively recent, having been announced in late June for a fee in the region of €54 million.

The Gaming Innovation Group report also detailed that its casino brands – Guts.com, Rizk.com, and Betspin – have continued to perform well, whilst other sectors of the business saw similar successes, including the growth of the affiliate business in Innovation Labs through an expanded customer base.

In addition, the company’s operators saw an increase in active users from 81,645 in the 2nd quarter to a total of 177,587 in the 3rd quarter. Of course, Betit was a significant part of this, though there would still have been an impressive increase of 95,401 without the acquisition.

Gaming Cloud (iGC) also signed two new clients during the quarter, bringing its total to 18. Another announcement included in the report was that the company will be “undergoing an organisational change”, following this period of strong growth.

Gaming Innovation Group will also be exhibiting at Malta’s biggest upcoming gaming event of the year this month. If you’re interested in joining SiGMA16 between the 16th and 19th of November, click here to register.

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iSoftBet Reveals New Paranormal Activity Based Slot Game

Leading online game supplier iSoftBet is launching an all-new digital slot machine game based on Paramount Pictures’ Paranormal Activity.

Inviting players to experience shocks and chills, the game incorporates the same haunting themes that fans have come to expect from what is known to be one of the most horrific franchises of all time.

iSoftBet’s Paranormal Activity slot game comes with impressive visuals and spine-chilling sound effects, and is guaranteed to be the scariest slot you’ve ever played.

Nir Elbaz, Managing Director at iSoftBet, commented on the launching of the game, saying: “Branded games drive player popularity, as it gives fans a chance to interact with their favourite franchises in the form of a slot machine. We are excited to launch a branded game based on one of the most popular horror franchises in Hollywood.”

The Paranormal Activity game is a 5-reel, 3-row, blood-curdling slot game, featuring wilds, bonuses, free spins, and scatters for players to enjoy.

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

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Golden Race First to be Awarded Class 4 Licence by the MGA

Betting industry supplier Golden Race has become the first ever virtual sports developer to receive a Class 4 licence in Malta.

The innovative company received recognition from the Malta Gaming Authority (MGA) earlier this month following an extensive application process.

The award of this license is the latest development in Golden Race’s push to be the largest virtual sports provider for the regulated markets in the industry.

Golden Race CEO Martin Wachter commented: “We are extremely proud to be the first virtual company to receive a Maltese Class 4 licence, which allows all companies who work under the Maltese Gaming Regulations to take advantage of our product there.”

He went on to say that: “The process takes a lot of time and effort to ensure all of the stringent guidelines are adhered to, but at Golden Race we strive to provide exactly what customers need to be successful, regardless of their location and regulations. Now those operators who love our products can use them fully licensed – it’s win-win all around.”

The supplier’s games suite is used all across Europe, Africa, CIS countries, Latina America and Asia. Golden Race is the creator of the new revolutionary Real Fighting game – a global pioneer in pre-recorded video virtuals, and its 3D Virtual League product is one of the most commonly played in the world.

The MGA license is one of three recently obtained by the heavy-hitting company as it continues to expand across the globe.

Golden Race will also be showcasing at SiGMA16 – Malta’s biggest upcoming gaming event of the year. If you’re interested in coming to watch Golden Race along with our many other exhibitors this month between the 16th and 19th November, click here to register.

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Ladbrokes-Coral Merger Officially Approved by UK CMA

The merger between Ladbrokes and Gala Coral has officially been given final approval by the UK Competition & Markets Authority (CMA).

The £2.3 billion deal has taken 18 months to complete since the original announcement for the merger in June 2015. In the final review, the CMA approved the operators’ sale of 322 betting shops to Betfred and 37 to Stan James for £55.5 million.

The Ladbrokes-Coral merger has been under review by the CMA since December 2015, with focus on a market competition study that the operators’ combined retail portfolio would “reduce consumer choice in a number of local areas”, and has subsequently forced the companies to sell 359 retail outlets combined.

Ladbrokes and Coral governance will publish a combined corporate prospectus detailing its joint entry as a single entity on the London Stock Exchange.

The new business seeks to register a premium listing on the LSE granted by the Financial Conduct Authority.

Jim Mullen, CEO of Ladbrokes, will remain leader of the new entity, and Coral CEO Carl Leaver will take on the role of Executive Deputy Chairman for 12 months, charged with delivery of corporate synergies between the newly combined companies.

Commenting on the news of the merger, Mullen said: “I am delighted that the CMA has given approval to our merger with Coral. Both businesses are approaching the merger with good momentum and we are now focusing on completing the merger and delivering on the opportunities it offers.”

Ladbrokes will also be 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.

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