Tag Archives: Stockholm

Playtech commits to Quickspin €50 million acquisition

Industry leading gambling technology provider Playtech completes its first major acquisition of 2016, by confirming that it has agreed to acquire Swedish igaming and social games content developer Quickspin AB for a maximum consideration of €50 million. Founded by the executive team of Daniel Lindberg (CEO), Mats Westerlund (CCO) and Joachim Timmermans (CPO) in 2011, Quickspin has become one of …

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Svante Liljevall departs as Evolution Gaming COO

Stockholm Nasdaq-listed live gambling solutions provider Evolution Gaming has confirmed that Chief Operations Officer (COO) Svante Liljevall has resigned from his executive role following eight years of service. The departure of Liljevall who has served as COO since 2008, sees Evolution Gaming lose one of its longest-serving executives.   Liljevall had been a key stakeholder in the company’s international growth …

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Betsson AB sees Q1 2016 revenue & earnings rise despite exchange rate impactes

Unfavourable currency fluctuations relating to Norwegian Krone (NOK) and Turkish Lira (TRY) exchange rates have impacted Betsson AB core metric performance for its Q1 2016 opening (period ending 31 March). Updating the market, the Stockholm-listed European sports betting operator detailed that group revenues had been impacted circa SEK 45 million (€5 million) due to unfavourable exchange rates during the period. …

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Has Betsafe created the world’s greatest apartment for sports fans?

Betsafe has gone all out for its latest promotional campaign by creating what it believes to be the world’s greatest apartment for sports fans. Known simply as the Betsafe apartment and located in downtown Stockholm it includes a 65” Samsung 4k HDTV, two 40” Samsung Smart TVs and an extra tv-screen in the bathroom, rare sports memorabilia, a vintage USA World Cup 94 …

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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). …

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Swedish firm Yamzu brings the esports scene to amateurs

Based in Stockholm Yamzu is a newly launched tournament platform that enables amateur players to compete in esports tournaments for cash and prizes. Currently the platform caters strictly to League of Legends players but more games are due to be added in the near future. Less than a month following its release, Yamzu has had over 1700 registrations. Yamzu CEO Asiad Majeed …

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Online assets help Cherry AB return to black in 2015

Stockholm listed gambling operator, Cherry Gaming AB has returned to full year (2015) positive EBITDA recording group earnings of SEK 35.9 million (£3 million). The operator continues its strong online performance, which contributed 69% of 2015’s FY SEK 528 million (£43 million) group revenues, up 56% on 2014’s SEK 340 million (£28 million). The results presented by Cherry governance, represent …

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‘All-time’ record breaking quarter sees Unibet close 2015 strongly

Stockholm listed betting operator Unibet Plc ended 2015 reporting an all-time record quarter performance for Q4 2015, which saw corporate revenues reach £111 million combined with underlying profits of £24.6 million. The operator’s strong year-end finish boosted 2015 results, as Unibet recorded FY corporate revenues of £354 million, up 13% on FY 2014’s £312 million. Publishing its unaudited year-end statement, …

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Unibet completes €59 million acquisition of iGame

Unibet has informed shareholders and the media that it has completed its acquisition of iGame Holding Plc. Unibet governance stated that all conditions and deal precedents had been met, allowing for the completion of Malta based iGame Holding and its assets. Unibet completes the €59 million (£42 million) cash deal for iGame which was first announced on 7 August. Stockholm …

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Unibet reports record Q2 performance despite currency exchange rate impacts

European sports betting operator Unibet Plc, continues to be hit by negative currency exchange rate fluctuations on its core performance metrics for 2015.  Updating the market on its interim performance, Unibet has disclosed record group revenues for Q2 2015 which amounted to £80.5 million (Q2 2014 – £75.6 million). Unibet would record H1 2015 group revenues of £156.6 million up …

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