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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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NetEnt and PaddyPower Enters Contract for UK Retail Market

Slots creator NetEnt has signed an agreement with PaddyPower to license their gaming content for use in UK land-based gaming machines. This deal also covers the present partnership existing with their online business as they aim to increase the crossover between the two.

Paddy Power currently has 339 LBOs totalling more than 1,300 gaming machines in the UK. NetEnt games, according to the agreement, will now be distributed in Paddy Power’s land-based gaming machines in the UK.

This makes it the second retail agreement by NetEnt for the UK Licenced betting Office (LBO) market. Their ultimate goal is an omnichannel agenda having the games and products available across all channels to all customers.

Enrico Bradamante, Chief of European Market Operations and MD of NetEnt Malta Ltd, commented: “I am very pleased that we are extending our partnership with Paddy Power to include distribution to gaming machines in their betting shops. I am confident that their players will enjoy our thrilling, award-winning games.

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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Loyal EnergyCasino Player redeems Maltese Holiday EnergyPoints

A loyal Czech Republic based player of EnergyCasino has been enjoying a winning streak, one of the best ever seen on EnergyCasino and has become the first player to redeem his EnergyPoints on a Maltese holiday.

At the start of July Jaroslav, the Czech Republic player collected €45,884 on the slot game ‘Roaring Forties’ and at the end of August he again scored an impressive €22,974 on ‘Stunning Hot and Elements: The Awakening’

Jaroslav has also accumulated enough EnergyPoints by playing at EnergyCasino to earn himself a Malta holiday. He was met by an EnergyCasino representative when he flew into Malta whose job was to ensure Jaroslav’s fantastic time in the Mediterranean paradise. The Czech certainly lived it up with jet boat rides in clear waters to lounging by the hotel poolside living the plush lifestyle like the winner he was.

Marcin Sapinski, EnergyCasino CEO, explained: “At Energy, we see our players as more than just statistics, they are our friends. Without them, we wouldn’t be here, so it’s really fulfilling when we have the chance to personally meet winners and make their experiences something truly special.”

There is a long list of items that EnergyPoints can be redeemed on via their EnergyShop. It ranges from hoodies and t-shirts to iPads, swiss watches and holidays.

Cherry Announces Strong Q3 results for Online Gaming

Cherry AB, Swedish gambling operator has announced that they have grown “substantially faster than the market” in the Q3 results (three months to September 30, 2016) after recording widespread financial growth.

Revenue for this third quarter amounted to SEK214 million (€21.4 million/$23.8 million), up 39% from 2015.

Earnings before interest, tax, depreciation and amortisation (EBITDA) totaled SEK30.9 million (€2.1 million/$3.3 million) an increase of 78% from the same quarter last year.

Earnings before interest and tax (EBIT) rose to SEK21.5 million (€2.1 million/$2.3 million) despite the costs involved in the acquisition of 49% stakes in gambling company ComeOn Malta Ltd with a consideration €80 million earlier in July.

Game Lounge is Cherry’s Malta based newly added subsidiary which handles online marketing within the gambling industry. There was a 167% increase with EBITDA rising by 104% to SEK6 million (€601K/$658K)

Cherry’s game development studio Yggdrasil Gaming jumped in quarterly revenue and EBITDA of SEK9.2 million (€922K/$1 million), an increase of 385% from the same period last year.

Group revenue for the year to September 30 was at SEK583 million (€58.4 million/$64 million) a hike of 64% to the SEK356 million (€35.6 million/$39 million) posted at the same time last year.

EBITDA rocketed 472% year-on-year to SEK714 million (€71.5 million/$78.3 million), EBIT improved from a loss of SEK3.1 million to a positive of SEK45 million (€4.5 million/£4.9 million), with online gaming revenue also up 78%.

Fredrik Burvall, chief executive of Cherry, said: “Cherry continues to grow substantially faster than the market.

“For the third quarter, organic growth amounted to 38% and total growth of 39%. The formula for success is based on the strategy Cherry implemented two years ago, in which we have developed our business areas and added strategic acquisitions of fast-growing companies where the founders and entrepreneurs continue to stay active in the business.

“Today, Cherry is an innovative and fast-growing gaming company, operating across a broad part of the gaming value chain.

“Our business areas provide Cherry with diversified and profitable revenues from four separate and strong business areas, with the potential for strong onwards development.

“Our ambition is to continue to grow faster than the market, and we are well prepared to do this, both through organic growth and via acquisitions.”

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.

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Unibet to Deliver its Strongest Ever Full-Year Performance

Following a consecutive “all-time high” Q3 performance, European sports betting operator Unibet Plc is on target to deliver its strongest ever full-year performance.

The Stockholm-listed operator detailed that period group revenues had reached £142 million compared to the £83 million in the same period last year. Its strong revenue performance sees Unibet declaring a period EBIDTA of £33.9 million.

Closing the quarter on September 30th, Unibet governance declared profits after tax of £21 million, compared to the £12.9 million in Q3 2015.

The operator continues its strong momentum in 2016, which Unibet governance stated was a testament to the expanded group’s strategy and effective scalability.

Updating investors on its year-to-date performance, Unibet governance declared £391 million worth of group revenues, compared to YTD 2015 with £242 million – combined with YTD group profits after tax of £54 million, compared to 2015’s £36 million.

The combined enterprise of Unibet, iGame, and Stan James has seen the operator hit + 1 million active players during Q3 – 220,000 of which delivered by iGame and Stan James brands.

Unibet governance further informed investors that the operator is closing its full-year 2016 strongly, as the company has been able to sustain its new player acquisitions and revenue momentum gained during the Euro 2016 championships this summer.

Commenting on corporate performance, Unibet Group CEO Henrik Tjärnström stated: “Strong performance across all brands and successful acquisitions deliver 65 per cent increase in Gross winnings revenue (42 per cent in constant currency, of which 27 per cent is pure organic growth)”

“High activity levels driven by the ability to retain the customers from the Euro tournament that started in the second quarter has led to a continued gain in market shares. The margin in the sportsbook was in line with the prior year and the long-term averages, so it was pure activity growth that delivered a new all-time high in Gross winnings revenue of GBP 142.3 million.”

He went on to say that: “It is of course particularly satisfying that the excellent top line growth converted into a new all-time high in EBITDA, demonstrating again the scalability of the Group’s business model which is structured to meet the future challenges of further regulation.”

“All our brands performed very well in the third quarter. The Group underlying EBITDA grew by 38 per cent in constant currency. If iGame Group and Stan James Online had been part of the Group for the full third quarter 2015, their combined EBITDA would have grown by 95 per cent in constant currency.”

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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.