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Mr Green Moves its Main Market Listing to Nasdaq Stockholm

Online gambling company Mr Green has announced that the company has officially moved its main market listing from Sweden’s mid-sized AktieTorget to the bigger Nasdaq Nordic Market.

The European iGaming operator was founded in 2007 and is now the 76th enterprise to list at Nasdaq’s Nordic markets in 2016.

Earlier last month, Mr Green’s governance stated that it would change its main listing, given that it was a “logical step” for the company’s long-term progression.

Mr Green also believed that its placement on the main Nasdaq Scandinavian market would help the operator in its quest to target international growth, helping it to attract a broader range of investors.

Commenting on the firm’s Nasdaq Nordic listing, Mr Green CEO Per Norman said: “We launched our new technology platform earlier this year and have already started to implement and deliver on our new business strategy, and there is no doubt that our customers like the new Mr Green.”

He added: “I am happy and proud of what our organisation has achieved in such a short period of time and look forward to our journey of change towards continued growth.”

Adam Kostyál, Senior Vice President and Head of European listings at Nasdaq, also commented: “We welcome Mr. Green to the Nasdaq Stockholm main market, where it will make a compelling addition to our consumer services sector.

“Mr Green is yet another example of an online gaming company leveraging Nasdaq Stockholm as a platform for future growth, and we congratulate the company on its listing.”

Reuters reported Mr Green’s financial targets in conjunction with the new listing, stating that the company plans to achieve annual organic growth that exceeds the online gaming industry.

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PokerStars First to be Granted Online Poker Licence in Portugal

PokerStars, subsidiary company of Amaya and the largest online poker cardroom in the world, is now the first company to be granted a casino and poker licence to operate its website in the Portuguese market.

The Serviços de Regulação e Inspeção de Jogos (SRIJ) national regulatory body has confirmed that it has awarded the online poker licence to REEL Europe Ltd – a division of Amaya – who will operate the PokerStars website, Pokerstars.pt.

The new website is currently under development, displaying a “coming soon” splash screen. Following the recent Portuguese gaming laws, however, when the site does eventually launch, betting services will be limited until a deal is struck to share liquidity with other regulated gaming markets within the European Union, such as Italy, Spain and France.

The SRIJ licence entitles PokerStars to offer tournament poker, Hold’em and Omaha cash games, as well as Blackjack and Roulette. The new website will mark the first time for Portuguese players to be able to gamble legally on PokerStars since the company left the market in July 2015 following the country’s adoption of new gambling regulation.

PokerStars made its official debut in Bulgaria’s new regulated market and was joined earlier this month by Bet365’s iPoker skin. The duo has now been joined by GVC Holdings’ Bwin.party, which launched a Bulgarian-licenced poker site under its Bwin brand. The company has informed players that held Bwin poker accounts before the country imposed its new licensing regime where their old account info is no longer valid and they must open a new account.

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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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UKGC Says Online Gambling is Dominant in UK market

According to the latest set of figures released by the UK Gambling Commission (UKGC), online gambling is the largest form of gambling in the UK market.

Covering the period between April 2015 and March 2016, the statistics reveal that online gambling accounts for 33% of all gambling activity in Britain, generating a gross gambling yield (GGY) of £4.5 billion to online operators within that period.

The gambling industry generated an overall GGY of £13.6 billion within those 12 months, with retail betting accounting for £3.3 billion and land-based casinos bringing in a total of £1 billion.

The UKGC also reported that since September 2016, there were 8,709 betting shops in the UK, representing a decrease of 1.8% on the previous year.

The amount of bingo premises in the country has also declined, dropping by 4.3% to 575 locations between March 2016 and September 2016.

UKGC Programme Director James Green said: “Our latest statistics show that with the growth in online gambling the industry is increasingly taking a creative approach to using technology to engage consumers.

“As the online sector grows operators will also need to demonstrate that they are taking an equally innovative approach to ensuring gambling is safe for all online consumers.”

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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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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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Yggdrasil Gaming Records Impressive Results for Q3

Superior online and mobile casino games provider Yggdrasil Gaming has reported rapid growth for Q3, with revenue climbing 299% year-on-year to SEK21 million.

EBIDTA for the quarter shot up to SEK9.2 million, compared to SEK1.9 million in 2015, while EBIDTA margin amounted to 44%.

The number of players also grew dramatically during Q3, with the number of transactions increasing 427% to 438 million.

During the third quarter, Yggdrasil launched its social media sharing tool, BRAG, and also appointed Frida Gustafsson as CFO, which are of note in the company’s quarter performance.

Yggdrasil CEO Fredrik Elmqvist commented: “It has been yet another hugely successful and action-packed three months for Yggdrasil, and we now have a fantastic team in place that is fast establishing us as the industry’s number one online casino supplier.

“Yggdrasil remains in a phase of rapid expansion, as displayed by the quarter’s surging revenue growth. While the immediate results have been impressive, it is equally important that we lay the foundations for sustainable, long-term growth.”

He went on to say: “We are expected to continue growing much faster than the market and we will carry on investing in our business while also delivering results moving forward.”

He also noted the importance of expanding into regulated markets that Yggdrasil has undertaken, commenting: “Our commitment to regulated markets saw us acquire licences to provide our content to operators in Romania, where we will go live shortly.

“We are a relatively late mover in terms of regulated markets, but we are catching up fast, and will continue to enter regulated markets that make commercial sense.”

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