iGaming

Bloomberg Technology has reported that a Chinese consortium led by tech billionaire Shi Yuzhu (Founder of Giant Interactive Group) is in talks to acquire Caesars Interactive from Caesars Entertainment Corp (CEC). The Yuzhu-led group has entered negotiations with CEC governance following an auction process with CEC targeting a $4 billion valuation for its asset. Undisclosed deal insiders have stated that …

Marathonbet has gone live with slot games designed by Swedish slot supplier, Quickspin. All Casino players will have access to a full suite of products across both desktop and mobile. Quickspin already work with the likes of Iforium and Betsson, providing a catalogue of games which include feature triggers and tailored free spins. The content roll-out for Marathonbet will also include …

Yggdrasil has brought Chinese fairytale to life with the release of its latest slot title, Legend of the White Snake Lady. The winners of Slot Provider of the Year for 2016 at the EGR B2B Awards have based the new game on Chinese Mythology, with a ‘Win All Ways’ feature. This means it has no pay lines, and any combination …

Updating the market, AktieTorget-listed European online gambling operator Mr Green & CO AB (Mr Green) detailed that despite seeing topline revenue growth during Q2 2016, tax duties and higher expenses have impacted its period earnings. The operator would record increased corporate revenues of SEK 211 million up 8% on corresponding Q2 2015’s SEK 194.8 million. Detailing revenue drivers Mr Green …

Cherry AB has announced the acquisition of the first 49% of shares in ComeOn Malta Ltd, strengthening its market position in Scandinavia with brands including ComeOn, Mobilbet, Folkeautomaten and Casinostugan. The company also has the option to acquire the remaining 51%. The acquisition, which is expected to have an immediate positive effect on Cherry’s profit, included payment with 2,901,475 B-shares …

To the surprise of gambling stakeholders, the Polish government has rejected amendments to liberalise its online gambling framework, instead choosing to add further operator restrictions. With foreign operators expecting Polish regulators to add online casino and poker provisions to its online gambling framework, the Polish Council of Ministers announced that slot games would be restricted to play on state-owned lottery …

The Cyber Administration of China (CAC) regulator of digital services, is reported to be investigated Chinese media giant Baidu regarding the advertising of illegal gambling sites on its search engine listings. Chinese governmental concerns have arisen following numerous cases of illegal online gambling and betting operators being promoted on Baidu listings, breaching national gambling laws. Baidu, China’s largest search engine …

Yggdrasil Gaming (Cherry AB subsidiary) has today announced the appointment of Frida Gustafsson as Chief Financial Officer in a new role created following the supplier’s rapid expansion over recent months. Gustafsson joins Yggdrasil after spending more than six years in a number of roles at NetEnt, most recently serving as the listed supplier’s finance manager for tax and new markets. She was …

Online payment providers QIWI and Skrill (Paysafe Group), have become the latest firms to be penalised by Russian media regulator Roskomnadzor. Last week, the payment providers were served notices by Roskomnadzor stating that they had breached Russian gambling laws relating to facilitating online gaming payments and that their services contained links to unlicensed betting operators. Roskomnadzor has given both payment …

London AIM-listed GAN Plc (formerly GameAccount Network) has welcomed Chicago financial advisory David Capital Partners as new investors raising £450,000 for its business. GAN governance declared that the firm had conducted a new share placement of 1.5 million ‘ordinary shares’ issued at a price of 30p. The completed purchase will see David Capital hold 2.2% of total share capital of …