Tag Archives: gibraltar

Yggdrasil Gaming CEO Fredrik Elmqvist spoke to SBC News about building its own platform iSENSE, the challenges of local regulation and the thinking behind its slightly obscure company name. SBC: What does it take to take a gaming developer brand from an unknown entity and newcomer in the space to one that’s well known and respected? FE: Innovation, creativity and …

The governance of FTSE-listed online gambling operator 888 Holdings Plc has begun an international streamlining process which will see the company reduce its staff headcount as 888 seeks to reduce day-to-day operational costs. Last week Israeli business news sources reported that 888 governance would concentrate its cost reduction strategy within its Herzliya North Tel Aviv district office, which houses the …

Updating the market, the UK Gambling Commission (UKGC) has announced that Gibraltar-based online lottery operator Lottoland has been fined £150,000 for advertising failings of unclear communication of its services and promotions. The UKGC details that Lottoland advertising ‘did not make it clear to consumers that they were betting on the outcome of a lottery draw and not actually taking part …

Almost a year ago, the Government of Gibraltar issued a statement following the Brexit vote in which it said that it had been working closely with the remote gambling industry in Gibraltar following that vote and had assured them of its support and vision for the sector in the short, medium and long term. It went on to confirm that …

The European Union Court of Justice (CJEU), the EU’s principal law court has ruled against the motion set by The Gibraltar Betting & Gaming Association (GBGA), that the British overseas territory of Gibraltar should be treated as an independent tax jurisdiction. The GBGA had set its EU legal dispute against the UK government relating to ‘Point-of-Consumption (POC)’ taxes introduced in …

Leading industry platform and software provider Playtech Plc has partnered with ‘Girls in Tech’ a global organisation focused on promoting women and diversity within technology-led businesses. The organisation has announced its latest chapter in Gibraltar, with Playtech acting as its lead sponsor. Playtech is partnering with Girls in Tech Gibraltar as part of its commitment to increase diversity and inclusion …

FTSE100 bookmaker Paddy Power Betfair (PPB) is set to close down its Gibraltar operations, as part of the firm’s ongoing post-merger transition. The enlarged enterprise has made its decision in order to realign its operations by centralizing its core business divisions. The shutdown of its Gibraltar office will see PPB surrender its Gibraltar Government online gambling licenses inventory. At present, …

Presenting its Q1 2017 trading statement, the governance of Yggdrasil Gaming states that it is confident of achieving its full-year corporate expectations having recorded a very strong start to its financial year. Updating investors, Yggdrasil would declare an all-metric improvement, as corporate revenues increased by 134% to SEK 33 million/ €3.45 million (Q1 2016: SEK 14.2 million). The firm’s strengthened …

Gibraltar-based online lottery operator Lottoland has claimed the 128th place in The Financial Times ‘fastest growing European companies index’. The Financial Times’ index ranks the European enterprises with the highest percentage growth between the periods of 2012-2015.   Lottoland which allows its customers to wager on multiple international lotteries such as the US ‘Powerball’ or Spain’s ‘El Gordo’, acts as …