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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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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.

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Unibet Confirms Launch of BetUp Instant by Commologic

Unibet, a Stockholm-listed European sports betting operator, has confirmed the launch of its latest product, BetUP Instant, with industry UX developers Commologic.

Unibet was the first ever industry operator to integrate Commologic’s BetUP product. The product allows its players to participate in instant pool-betting games predicting events within live football matches.

The BetUP Instant update will provide Unibet with up to 30 additional betting opportunities for every football match.

BetUP Instant acts as a micro-pool on the next BetUP question. This increases game turnover with a guaranteed and fixed profit margin for the operator.

The new instant bets allow BetUP to become an even more engaging game, giving players an enjoyable experience from kick-off to the final whistle.

Players can now join a BetUP Instant game without a ticket, and can still enjoy the product if they are behind on the core BetUP game or if they missed the start.

Head of Sports Betting at Unibet, Erik Bäcklund, commented on the integration of the BetUP Instant product: “Once again we are excited to be rolling out another great product from Commologic. BetUP Instant satisfies customer demand for an instant gaming experience within the longer engagement of the game.

“We have seen BetUP work well in parallel to our in-play product and we hope BetUP Instant should make the product stickier, increase revenues, and educate the mores casual customers to bet in-play.”

Tamir Berler, Commologic CEO, added on to Bäcklund’s statement, saying: “We are always trying to innovate the in-play experience for sports fans. BetUP Instant now allows for a fan engagement experience at any time of the game.

“We are learning together with our partners and delighted they are backing the evolutions of our products. We are looking forward to rolling out more innovations together”.

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BetConstruct to Add Mr. Slotty Games to Spring Platform

Industry software and platform provider BetConstruct has announced that it has signed a games supplier agreement with new industry HD slots developer Mr Slotty.

With aim to promote fresh online games to its client base, the agreement will see BetConstruct’s Spring Platform opening up new Mr Slotty games.

Mr Slotty is an industry games studio operated by Loberta UAB, a Lithuania-based web developing company, which aims to bring best-in-class graphics and in-game features to iGaming operators.

Its HD portfolio of games and slot content is multi-channel compatible includes titles such as Emoji Slot, Super Dragon Fire, and MEME Faces.

Commenting on the agreement, Loberta UAM CEO, Anatoliy Peev, said: “We are pleased to be a strategic slot game content provider with BetConstruct and look forward to showcasing our best-performing games to the industry with this integration.

“The agreement with BetConstruct is an excellent opportunity to distribute Mr Slotty’s light-weight, html5, full HD slots to their rapidly growing network of casino clients, and we are sure our innovative slot games will be a hit among their players!”

COO of BetConstruct Sergey Harutyunyan welcomed Mr Slotty’s content onboard BetConstruct’s Spring Platform, commenting: “BetConstruct enjoys working with developers who don’t follow a well-trodden path. Mr Slotty fits this description very well and we are happy to offer their content to our growing partner community.

“Focused on mobile, Mr Slotty will enhance our multivendor portfolio of 3000 casino games and prove very popular with our partners’ players.”

BetConstruct will also be showcasing at Malta’s biggest upcoming gaming event of the year, SiGMA16. If you are interested in joining 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.

Kiggit Obtains UKGC License Approval and Plans UK Launch

Social betting app Kiggit has officially confirmed that it has been awarded a UK Gambling Commission remote operator license.

Within the coming months, the Copenhagen start-up will now move to launch its social pool betting app in the UK on both Android and iOS.

“A mix of Betfair’s Exchange and The Football Pools” – Kiggit describes itself as a hybrid betting product. Its app allows users to create bet slips and participate in daily and weekly pools and even bet against a group of friends.

Kiggit CEO and founder Jakob Hagemann commented: “Although the process has required a lot of work on documentation for the UK Gambling Commission, we now feel this has really paid off and that we have solid IP on our hands with the license.”

Obtaining a UKGC license, Kiggit management will move to fully integrate a real-money wagering and payment solution in its app. The app will be launched for customers in the UK following a beta testing period, with a view of engancing its upcoming release.
Commenting on the future ambitions for the start-up, Hagemann further added:

“We aim to position Kiggit as a leading social betting app, but also take a shot at the traditional pools providers. We simply believe our tech stack is ready and our Nordic focus on UX has what it takes to enter the highly competitive UK market. We aim for a deeper social integration, whereas more traditional operators consider it social to simply have a Facebook page.”

MGA to Simplify Regulatory Regimes for Gambling-Related Businesses

When investing in a certain country, one of the factors that businessmen consider is the time needed to process business permits and licenses. Joseph Cuschieri of the Malta Gaming Authority (MGA) is working on improving the business environment for Malta-based operators and future investors.

Businessmen do not have the time to go back and forth submitting necessary documents and other requirements needed to open a business. Due to the legendary bureaucratic red tape that they must cut through, many businessmen have no choice but to sometimes forego their investment plans in other countries.

For this reason, the MGA is planning on simplifying regulatory regimes in order to give operators some elbow room to move in order for the country’s gambling industry to keep flourishing.

Joseph Cuschieri said that the regulatory regime needs to be simplified and must focus on objectives rather than prescriptive and expired kind of processes and regimes.

He said: “It’s about simplifying because the industry has been through major changes in the last 12 years and the cost of compliance have increased significantly, particularly in Europe. I think that will give regulators more flexibility to focus on outcomes and objectives, and the industry will have an environment which enables it to innovate and grow sustainably.”

He also pointed out that the government is trying its best to provide a conductive environment for the industry to develop, in order for consumers and players to have a better overall experience.

With regards to providing opportunities for gambling operators, Cuschieri believes that Malta continues to be an attractive jurisdiction. He also believes that gambling operators that are considering to move out of the UK following the country’s historic Brexit vote will find Malta to be a viable location due to its size and reputation within the industry.

He also revealed that the MGA is already in touch with other regulators in South America and Asia, adding that they have established some very good contacts. “Nothing has materialized but I believe that Malta can help,” he said.

Evolution Gaming Partners with iSoftBet for Romanian Live Casino Launch

Since the Romanian gambling regulator started granting full gaming licenses to international operators and providers, Live Casino supplier Evolution Gaming has announced that it is opening the first live studio in the country at Grand Casino Bucharest.

To do this, the leading provider partnered with UK online casino games developer iSoftBet.

The Live Casino studio will be launched later in September and will be located one level below the casino’s actual gaming floor. It will initially offer Evolution Gaming’s core titles, and more content will be added at a later stage. Games will be available on both desktop and hand-held devices.

Under the partnership, iSoftBet will be able to provide its clients with such offering from the Grand Casino Bucharest studio.

iSoftBet CEO Nir Elbaz said that the expansion across regulated iGaming markets forms part of their growth strategy. Being licensed in Romania, therefore being given the opportunity to provide more than 60 titles, is a huge step towards its implementation.

Mr Elbaz said that given the quality of the games offered by Evolution Gaming, the Live Casino supplier was the natural choice for a partner. He also pointed out how the company will now be able to sell multi-product offering to clients operating in the regulated Romanian market and their players.

James Stern, Director of Business Development and Land-Based Sales at Evolution Gaming, said that with Grand Casino Bucharest being a venue that local players know very well, they have chosen the best possible location for their Live Casino studio.

He added that being the first Live Casino providers to roll out their products in newly regulated markets is something they have always strived to achieve. Mr Stern expressed confidence that with Evolution Gaming’s proven track record of successful launches across newly regulated jurisdictions, such as Italy, Spain and Belgium, the upcoming roll-out in Romania will prove to be just as successful.

888 Holdings Hits Incredible Record Revenues for H1 2016

The governance of one of the world’s most popular online gaming operators and platform providers, 888 Holdings, has officially declared a record revenue performance driven by “outstanding casino and sports growth”.

Compared to H1 2015’s $220 million, the operator posted group revenues of $262 million, up 19%. Despite being affected by adverse currency movements of around $3 million, the firm’s record-breaking performance translates to a period EBIDTA of $38 million, compared to the $28 million in the same period last year.

Strong top-line metric growth sees the firm report H1 group profits of $27.8 million, up 39% when compared to last year’s $20 million.

The company recorded growth throughout all its core divisions, highlighting the strong performance of its casino product with active players in the 2nd quarter of 2016 up 35% year-on-year, driven by innovative CRM and premium content.

888 Holdings governance was pleased with the progress of its sports betting division which had hit period revenues of $25 million, boosted by the success of the Euro 2016 marketing campaigns.

CEO of 888 Holdings Itai Frieberger commented on the H1 2016 performance, saying that: “888 has delivered a very encouraging performance in H1 2016, resulting in a 19% increase in Group revenue to a record $262.0 million. This strong outcome was driven by outstanding momentum at 888Casino and 888Sport where we achieved impressive revenue increases of 31% and 63% respectively.

“In line with our strategic focus we have made further excellent progress developing 888 in regulated markets and have grown regulated revenue by 29% against the prior year, reflecting strong performances in the UK, Spain and Italy as well as 888’s recent successful launch in Denmark.”

“888’s continued success is built on our first class technology and core expertise in CRM, marketing and analytics. These strengths, along with the fantastic efforts of our highly skilled and dynamic team, mean that the business is in excellent shape to deliver long term sustainable growth.

Trading in Q3 has started well with average daily revenue until 27 August 2016 15 per cent. above strong previous year comparatives and 22 per cent. higher on a like for like basis. With this strong momentum the Board remains confident of delivering against expectations for the full year.”

888 Holdings will also be showcasing at Malta’s biggest gaming event of the year, SiGMA16. If you are interested in watching 888 and the other exhibitors at this iGaming summit in November, click here to register today.

Evolution Gaming Announces Partnership with The Hippodrome Casino

Leading provider of Live Casino solutions Evolution Gaming has announced that it has officially added another major client to its ever-increasing portfolio.

Under the agreement between the company and the London-based Hippodrome Casino, the supplier will provide an online Live Casino service for the gambling venue and a “Live from the Hippodrome” feed solution for its full network of existing and future licensees.

The Hippodrome Casino’s Live Casino offering will constitute Evolution Gaming’s live tables that are located in the company’s Riga-based gaming studios, as well as a special Dual Play Roulette Table that will be located at Lola’s, which is known as the emblematic London-based casino’s underground gaming facility.

With the innovative Dual Play Roulette product, Hippodrome’s online players will get the chance to play against players seated at the actual table at Lola’s. The dual-play option, otherwise known as convergence, has been enabled through the installation of an Evolution Gaming Live Casino camera and sound studio around the table. The game will be available to gambling customers on desktop as well as handheld devices.

New and existing licensees of Evolution Gaming will be able to access the “Live from the Hippodrome” feed that will give them a view of what is happening at the Dual Play Roulette Table at Lola’s. Through this, not only will gambling customers be able to bask into the unique 20th century atmosphere recreated at Lola’s, but so will the players of the Live Casino supplier’s B2B client network.

Commenting on the announcement, George Constantinou, Director of Online Operations at The Hippodrome Casino, noted that being a powerful and widely recognisable brand, their casino has now further diversified gambling options on offer to customers through the addition of Evolution Gaming’s Live Casino games. Players will therefore be able to play not only at the historic casino itself, but also online at an actual table that fully catches “the unique and pulsating atmosphere of Lola’s.”

Jens von Bahr, CEO and co-founder of Evolution Gaming, said that the partnership marks another big and important step in their land-based distribution and convergence strategy which will diversify the experience for online gambling customers and also enrich the options available to his company’s network of licensees.