IGaming

Sportech broadens gaming capacities with LOT.TO strategic investment

LSE-listed wagering and racing systems provider Sportech Plc has entered a ‘strategic alliance‘ with London-based iLottery systems provider LOT.TO – seeking to ‘broaden its suite of gaming opportunities’. Sportech has moved to acquire LOT.TO’s enterprise outright on a share-for-share basis. The transaction sees LOT.TO continue to operate as a stand-alone outfit, with Sportech confirming that ‘the acquisition would be non-material …

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Vereeni & RB Capital back Kalamba Games as new igaming hot property

Venture capital fund Vereeni Investments has agreed on an investment partnership with industry brokerage RB Capital to acquire a 20% equity share in hi-definition igaming development studio Kalamba Games. The transaction is conducted for an undisclosed seven-figure sum and will seek to accelerate the introduction in game capacities for Kalamba partners, whilst accelerating the content provider’s commercial pipeline. RB Capital specialises in identifying the industry’s best value investments, …

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Vera&John delivers for JPJ against a tougher UK backdrop

The governance of London-listed online gambling firm JPJ Group Plc signs off on its latest Q3 2018 trading update (period ending 30 September), confident of delivering on its full-year 2018 corporate expectations. Reporting increased customer activity across its overall portfolio, while maintaining a higher gaming revenue per customer of £99 (10% increase), JPJ records Q3 revenues of £78 million- up …

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UKGC hits Stride Gaming with £7m fine for consistent AML & SR failures

Daub Alderney an online gambling subsidiary of London AIM-listed Stride Gaming Plc, has been fined £7.1 million for failing to meet UK Gambling Commission (UKGC) rules and standards on money laundering and protection of vulnerable customers. Concluding an investigation under the mandate of the ‘2015 Gambling Act’, a UKGC review panel found that Daub had consistently failed to: Conduct appropriate monitoring …

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Inbet and Iforium join forces to create successful software deal

Iforium

Inbet Games has boosted its portfolio by partnering with leading egaming software company Iforium. The company has subsequently seen its online games integrated into Iforium’s multi-vendor white label casino platform. Combining Inbet’s premium gaming solutions with Iforium’s casino aggregation platform, Gameflex, greatly expands the availability of Inbet games’ unique products advertised on a wider range of distinguished operators. This means …

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Strong B2C & B2B mix delivers Q3 double-digit growth for GiG

Oslo-listed online gambling firm Gaming Innovation Group (GiG) continues its strong 2018 momentum, reporting double-digit growth across all its core corporate metrics and performance KPIs for Q3 2018 trading. Citing group-wide initiatives undertaken to improve profitability and general performance, GiG records operating revenues of €37 million up 21% on Q3 2017’s €30 million. Updating investors, the Oslo enterprise details a …

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PlayOJO delivers ‘Brexit Facts’ with Luisa Zissman

Online casino operator PlayOJO has launched one of the industry’s most unique viral marketing campaigns, recruiting former Apprentice and Big Brother contestant Luisa Zissman as new spokesperson. Breaking industry norms, PlayOJO will not utilise Zissman to promote its online casino promotions, instead, the TV personality is set to present ‘the real facts about Brexit’. “In a series of short videos …

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LeoVegas looks for economies of scale to counter UK tax hike

Tax

LeoVegas has pointed to the tax rate in Denmark as evidence that a 21 per cent remote gaming duty on games of chance will not impact the sustainable running of its UK business. This week, Chancellor Philip Hammond confirmed to Parliament that UK Remote Gaming Duty would rise from 15 per cent to 21 per cent, effective from 1 October …

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GiG Games secures UK B2C supplier licence

Gaming innovation Group (GiG) strengthens its UK provisions, confirming that it has been approved a UK Gambling Commission ‘B2B licence’ allowing the firm to supply its proprietary online casino content. Updating the market, GiG informs that it’s in-house games development studio – ‘GiG Games’ has been approved as games provider by the UKGC, allowing the firm to service its UK-licensed …

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Yggdrasil muscle & ComeOn recovery see Cherry AB confident of future prospects

Stockholm-listed online gambling group Cherry AB continues its strong 2018 momentum, reporting a further trading quarter driven by organic growth, delivering double-digit increases across its core metrics and KPIs. Publishing its Q3 trading update (period ending 30 September), Cherry reports a group revenue increase of 58% to MSEK 899 (Q3 2017: MSEK 567), with the firm delivering year-to-date revenues of …

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