Irish finance magnet Dermot Desmond has invested £1.3 million (€1.5 million) in London AIM listed igaming systems provider GAN. Updating the market, GAN governance revealed that Desmond’s IIU Nominees (IIU) had purchased +3 million shares in the firms new share placement. Desmond’s purchase sees IIU take an approximate 5% equity in GAN. GAN governance stated that the funds would be …
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Playtech H1 2016 profits hit by significant sterling impacts
Significant sterling fluctuations have impacted Playtech Plc’s H1 2016 profit results, despite the FTSE-listed gambling technology provider recording continued top-line metric growth across its divisions. Presenting its H1 trading update (period ending 30 June) Playtech would declare a group EBITDA increase of 27% to €143 million (H1 2015: €112 million) on group revenues of €337 million (up 18% on H1 …
Read More »iGaming Business appoints Square in the Air as PR lead
Industry news publication and events organiser iGaming Business, has announced that it has a signed public relations and marketing agency agreement with Square in the Air to lead PR for its corporate events portfolio. The communications led agreement will see Square in the Air become official PR partner for leading iGaming Business events including the iGaming Super Show, as well …
Read More »Yggdrasil Gaming launches new online slot Big Blox
Yggdrasil Gaming has announced the launch of its new online slot, Big Blox, which is set in an ancient temple in the rainforest and has 243 different ways to win. During each spin, a larger block of at least 2×2 identical symbols appears on the screen. The block, which can increase in size up to 5×3 symbols, pays out at …
Read More »GVC revamps Casino team with three new senior hires
Updating the market this morning, FTSE-listed GVC Holdings (GVC) has confirmed the appointment of three new senior hires to its online casino division. Announcing the appointments, GVC governance confirmed that Rob Fell has joined as Head of Casino Product with Andrew Whitworth appointed as Head of Content. The new online casino team will also see Oliver Bartlett take up …
Read More »Cherry’s Game Lounge strengthens UK and German coverage with Interclick acquisition
Cherry Gaming affiliate network Game Lounge has strengthened its European coverage by confirming the acquisition of industry affiliate Interclick Limited for a sum of $1.5 million (£1.1 million). Interclick has been an active affiliate in the UK and German markets for the past 14 years, and services a network of 40 industry domains. Game Lounge stated that the acquisition would …
Read More »Nektan raises £1.75 million in asset sell-off
In a move to increase its cash capital, London AIM-listed mobile gambling firm Nektan Plc has confirmed that it has sold three of its gaming brands to Buckingham HMB for a cash consideration of £1.75 million. Agreeing on the sell-off, Nektan will transfer Chomp Casino, Spin Princess and Sapphire Rooms to the ownership of Buckingham HMB. Nektan governance maintained that the three …
Read More »Microgaming Quickfire enters content distribution deal with Just For The Win
Microgaming Quickfire division has entered into an agreement with game development studio Just For The Win (JFTW), to distribute its gaming content to the more than 400 brands live on the Quickfire platform. JFTW is a new player on the gaming scene. While the studio is yet to release its content to the market, the team has more than 40 …
Read More »Pentasia relocates European hub to Barcelona
Industry specialist recruitment and executive search firm Pentasia, has confirmed that it will open its new European regional development office in Barcelona, Spain by autumn 2016. Confirming its relocation to Barcelona, Pentasia management stated that its Gibraltar staff would relocate to the new facility which will now serve as the recruitment firms main European hub. Pentasia Barcelona will focus on …
Read More »Lottoland appoints Frank PR as lead communications agency
UK licensed European online lottery broker Lottoland has confirmed the appointment of London-based PR firm ‘Frank PR’ as its lead communications agency for UK media. Confirming the appointment of Frank PR, Lottoland marketing stated that agency would support its ongoing high coverage UK media campaigns acting as its lead public relations and outreach agency. The London PR firm will additionally …
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