IGaming

Cherry AB delivers excellent final statement as a Stockholm enterprise

The governance of Cherry AB has today published the online gambling firm’s last trading statement as a Stockholm Nasdaq-listed enterprise, as Cherry transitions to new ownership, managed by private equity vehicle Intressenter Bidco. Continuing its strong 2018 momentum, a reformed Cherry AB posts a 44% increase in full-year group revenues to MSEK 3,236 (2017: MSEK 2,252), detailing growth across its core B2C …

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Therese Hillman – NetEnt unafraid of tackling tough choices for delivering growth

Publishing its full-year 2018 results, Therese Hillman new Chief Executive of Stockholm-listed industry games developer NetEnt AB, has emphasised that her new executive team will continue to execute ‘changes delivering efficiencies for commercial growth’. NetEnt’s CEO closes a transformative Q4 2018 trading period, in which the games developer has undertaken a series of organisational adjustments – significantly reducing headcount within …

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LeoVegas looks to the future after closing challenging 2018

LeoVegas - Two chairs with flags of UK and sweden isolated on white. 3D illustration

Stockholm-listed online gambling group LeoVegas AB recovered from a transitional Q3 period to post a 25 per cent revenue increase to €84.5m for Q4 2018 (1 October to 31 December) trading. However, the operator’s organic growth in local currencies excluding the UK was just 14%, a figure which, according to Regulus Partners, “represents a material gap down on what the …

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Stride places itself under ‘offer period’ reviewing all future options

Issuing a market statement, the governance of London AIM-listed online gambling group Stride Gaming Plc has clarified its strategic position/intent, following media reports that it seeks an outright sale of the business. Stride governance confirms that at present ‘all strategic options are being considered’ with a view to maximising shareholder value, including – i) implementing an aggressive UK and international …

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Videoslots joins the Swish Swedish market assault

Swish - Copyright: yuran-78 / 123RF Stock Photo

Swish has secured its third high-profile gaming client in a little over a month after striking a deal with Videoslots.com for the online casino operator’s Swedish players. The deal, which follows similar agreements with both LeoVegas and Mr Green, will help Malta-based Videoslots to strengthen its position within the re-regulated Swedish market. Following this re-regulation of the Swedish gambling market, …

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UKGC boosting online safety with new age verification standards

The Gambling Commission has released a new set of rules, ensuring that operators implement a new wave of age verifications checks “to make gambling safer and fairer”. Following an open consultation, and to further guard against the risk of children gambling, new rules mean operators must verify customer age before they can either deposit funds into an account or gamble with …

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BetConstruct brings the glamour through FTVGG Live Casino

BetConstruct has upped the glamour within its in-house live studio after launching a branded Live Casino hall for FashionTV Gaming Group (FTVGG). It is the latest joint project between the two parties, who initiated a partnership in November of last year by launching a new, unique line of branded slots. BetConstruct said that this new addition to the studio “exudes …

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Paysafe Group signals US betting intent with ‘Single Point API’ launch

Global payments and e-merchant services provider Paysafe Group has stated its corporate intent to lead transactional services within the liberalised US sports betting market in 2019 and beyond. Yesterday at the ICE London 2019 conference, Paysafe leadership announced the launch of its industry-specific ‘single point API’, which will deliver a unified payment platform/solution for all igaming/betting incumbents. Launching its new vertical, …

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SBC launches PaymentExpert.com for changing industry demands & dynamics

Digital and retail payments, verification, compliance and fraud professionals working within the gambling industry now have a new business resource to help them keep up to date with the latest developments in the sector courtesy of SBC’s PaymentExpert.com. This new website joins SBC’s growing news network, which in the month of January 2019 attracted an audience of over 170,000 unique …

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Rebecca Sotomora: Groove Gaming at the epicentre of aggregator disruption

Ahead of ICE 2019, Rebecca Sotomora commercial lead for Groove Gaming, details to SBC readers how industry turn-key technology dynamics and reputations have changed through quick access plug–n-play platform cutting resources with effective delivery…. _________________ SBC: Hi Rebecca, thanks for the interview, since its enterprise inception in 2017, what do you believe has been the foundation for Groove Gaming’s fast …

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