Tag Archives: NASDAQ

Scientific Games beefs up mobile games portfolio with Red7Mobile acquisition

Issuing a market update, Nasdaq-listed industry technology provider Scientific Games Corporation has moved to expand its mobile gaming proficiencies by acquiring UK independent mobile games and app developer Red7Mobile. Confirming its outright acquisition of the Bristol-based industry games developer, Scientific Games chose not to disclose details regarding its deal. However, Scientific Games detailed to its stakeholders that it would gain …

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Kambi secures Colombia full services deal with Corredor Empresarial

Updating the market, Nordic Nasdaq-listed industry platform and software provider Kambi Group Plc has confirmed that it has secured full services betting provisions contract with Colombian gambling group Corredor Empresarial SA. The partnership will see Kambi become the exclusive platform provider for Corredor’s new online gambling brand BetPlay, servicing the asset with sports betting and casino provisions. Furthermore, Kambi will …

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Aspire Global eyes Stockholm North Premier IPO

Issuing a short market update, Malta and Tel Aviv based industry white label and turnkey platform services provider Aspire Global has detailed that it has begun to seek a public offering listing on Stockholm’s First North Premier market. The news of Aspire Global seeking a Stockholm IPO, follows this month’s announcement that the company has appointed former Cherry Gaming CEO …

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Ladies First…Mr Green relaunches Garbo.com

Nordic Nasdaq-listed European online gambling group Mr Green & Co (Mr Green) has announced the relaunch of its female player focused online casino brand Garbo – Garbo.com. Named after iconic Swedish-American film actress Greta Garbo, Garbo.com formed part of Mr Green acquisitions undertaken in 2014. However, the female-focused brand was put on hold as Mr Green management expanded its flagship properties. …

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Codeta moves to the ‘next level’ completing €2.3 million funding round

Updating the market, Live Casino focused operator Codeta (Codeta.com) has confirmed that it has secured its second major round of venture funding, gaining an investment of €2.3 million (£2 million). Codeta management informs that the funding capital will be used to strengthen its internal resources and roll-out new marketing campaigns within key operational markets. The company detailed that half of …

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LeoVegas returns to profit in Q1 2017

Completing its first full year as a Nordic Nasdaq-listed enterprise, LeoVegas Group AB has recorded strong organic growth within its product verticals as the company seeks to expand its footprint beyond its home markets of Scandinavia. Presenting its Q1 2017 financial update (period ending 31 March), LeoVegas would announce a corporate revenue lift of 49% to €44 million (Q1 2016: …

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Betsson AB reduces 2017 dividend program in order to support corporate strategy

Issuing a market update, the governance of Stockholm Nasdaq-listed Betsson AB has informed that the company has changed its investor dividend policy ‘in order to increase the company’s financial capabilities’ in order to be active in the consolidated European online gambling sector. The new dividend scheme will be applicable as of this year and will see Betsson governance reduce its …

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Kristian Nylén – Kambi sets corporate goal of ‘Winning by Outperforming’

Kambi Group Plc Chief Executive Kristian Nylén has stated that 2016 was the perfect period for his firm to test its services against its market competitors, detailing the high wagering activity recorded during the UEFA Euro 2016 football championships (June – July) and Rio Olympics (August). Publishing a forward-looking statement on Kambi’s ‘2016 Annual Report’, Nylen details that corporate governance …

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Enlarged Scientific Games reduces group net losses in 2016

Publishing its full-year 2016 results, Nasdaq-listed Scientific Games Corp (SGC) has reported group net losses of $110 million for its Q4 2016 performance (period ending 31 December). The industry games machine manufacturer reports that its losses were incurred despite combined SGC divisions reporting a fifth straight quarter of revenue growth to $752 million (Q4 2015: $737 million). Closing its full-year …

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New look Caesars will seek to create quick cashflows & investor value

Closing its full-year 2016 performance, the governance of Caesars Entertainment Corp (CEC) has posted net operating losses of $2.7 billion, with the gambling operator detailing that it had paid $5.7 billion in accruals for bankrupt division Caesars Entertainment Operating Company (CEOC). CEC would record full-year 2016 corporate revenues of $3.9 billion, driven primarily by its Las Vegas portfolio. The company …

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