Presenting its audited full-year 2015 results (period ending 31 December 2015), the governance of FTSE listed igaming operator 888 Holdings (888) has described 2015 corporate performance as resilient in facing imposed regulatory impacts. Outlining 2015 core metrics, 888 would post group revenues of $462 million (£320 million), 2% up on 2014’s $455 million. The operator noted that on a like-for-like …
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Denilson signs for 888Poker
The Real Betis and Brazil midfielder Denilson has agreed a deal to become an ambassador for 888Poker. 888Poker has over ten million players registered worldwide and counts Dominik Nitsche, Jackie Glazier and Niner Bruno ‘Foster’ Politano amongst its current crop of ambassadors. Denilson, who was part of the World Cup winning squad in 2002, had this to say for himself in regards to …
Read More »Efficiency & Cost focus helps NetPlay TV post profits in 2015
Declaring its full-year 2015 results (period ending 31 December), interactive gambling operator NetPlay TV posted net revenues of £26.4 million down 4% on FY 2014’s £27.4 million. The London AIM-listed operator who in 2015 had undertaken a corporate restructure focusing on cost savings and operational efficiencies, reversed its FY earnings results posting corporate profits of £600,000 (FY 2014: – £100,000). NetPlay …
Read More »PKR completes 3D migration to Microgaming MPN network
Online poker room PKR has confirmed its successful migration onto the Microgaming powered MPN poker network. The migration which was first announced in February of this year, sees PKR integrate its 3D poker software with MPN network services. PKR players will gain a boost in poker room liquidity by joining the larger poker network. Utilising Microgaming’s MPN Babelfish technology which …
Read More »LeoVegas gains 30,000 shareholders on Stockholm Nasdaq debut
European mobile gaming specialist LeoVegas has announced that its Stockholm Nasdaq First North Premier initial public offering was significantly oversubscribed as the operator hit peak trading of SEK 38.6 (£3.30) per share. Debuting trading under the ticker name ‘LEO’, LeoVegas AB had opened its Nasdaq trading at SEK 32 corresponding to its market value of SEK 3.19 billion (£275 million). …
Read More »Inspired signs Virtuals Connect deal with SBTech
Thanks to the new Virtuals Connect platform SBTech will become the first to offer Inspired’s range of Virtual Sports to third party operators. Virtuals Connect is a turnkey solution designed by Inspired to allow simple integration into all betting systems. This deal will see SBTech license the use of Inspired’s Virtual Sports platform and provide it to its third party operators …
Read More »Online ‘free bet’ offers to be taxed for UK facing operators
During the Budget Speech yesterday the Chancellor George Osborne announced that UK licensed operators will soon have to pay a new tax on ‘free bet’ offers on online casino and bingo games. This is subject to the motion being approved, and should it be it will come into effect on August 1st 2017. This will mean that operators must pay …
Read More »SiGMA to fly 300 affiliates to Malta this November
This year’s SiGMA conference has been moved back to 16-19 November to be further away from BAC and EiG, and to go back to back with MiGS, creating a dynamite Malta Gaming Week. The second edition of SiGMA took place between the 4th and 7th November 2015, as the SiGMA summit cemented itself as the largest iGaming show in Malta and …
Read More »Paysafe on course for FTSE 250 with + $600 million in revenues
Announcing its first FTSE full-year earnings results, online payments provider Paysafe Group (the merged entity of Optimal Payments and Skrill) reported a 68% revenue surge to $613 million (£432 million) for its FY2015 corporate performance (period ending 31 December 2015). As expected Paysafe Group pre-tax profits were impacted by its completed November 2015 takeover of competitor Skrill. The company would …
Read More »David Baazov updates market on Amaya takeover bid
Announcing Amaya Inc 2015 full-year results, which saw the operator post net losses of CAD $25 million (£14 million), CEO David Baazov updated the market on his proposed management takeover of the firm. Baazov alerted the media that his executive team intends to make a formal bid to take Amaya assets private, though no timeline for the announcement of the …
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