Author: Olivia Cole

The prominent subsidiary of Cherry Ab – the online and mobile casino gaming operator Yggdrasil Gaming officially announced that it has inked a deal with the platform and content supplier Tain. Under the terms of the agreement, Yggdrasil will provide Tain, which is known as one of the longest-serving platforms in the online gaming industry, with its portfolio of high-quality video slots games. The Chief Executive Officer of Yggdrasil Gaming Fredrik Elmqvist commented on the agreement, saying that the entire team of the company was very happy with the fact…

Malta-based performance marketing company Catena Media has finalised another large acquisition in the UK, which comes as part of Catena’s strategy to consolidate its fast-growing presence in the European lead generation market, and more specifically in the iGaming sector. The company announced it has acquired the website of the Casino UK brand – casinouk.com – together with its related assets at the prize of €10.6 million. The prize of the takeover agreement will be paid as soon as the deal is finalised. The Chief Executive Officer of Catena Robert Andersson…

The online gambling operator Mr Green started trading of its shares on the Nasdaq Stockholm market, becoming the 76th company that got listed at the main Nasdaq’s Nordic markets in 2016. The official start of trading was given as planned on November 30th. The Senior Vice President and Head of European listings at Nasdaq Adam Kostyál welcomed the Stockholm-based company to the main market of Nasdaq, saying that the company would be one of the greatest additions to the operators included in the consumer services sector. Mr. Kostyál congratulated the…

The online casino and gambling software developer Playtech officially revealed that its co-founder Teddy Sagi has disposed of 12% of his stake in the company at the price of £329 million, which accounts for 850 pence per share. The stake that has been sold was larger than the 10% that were originally planned to be traded. In the statement confirming the deal, Playtech revealed that the placing is planned to settle on Friday. The company also emphasized on the fact that it is not party to the placing, so no…

Today, the UK National Lottery operator Camelot published an official statement, revealing that two days ago, on November 28th, the company became aware of “suspicious activity” affecting a small number of players as part of its monitoring of online security. Regardless of the speculations in the media, the company shared that neither the core National Lottery systems, nor the its databases were affected by an unauthorised access, so no actions affecting the National Lottery draws or prize payments were inflicted. In addition, no money has been embezzled through deposits or…

The Malta-based iGaming services provider Gaming Innovation Group (GIG) revealed that it has made some changes to its senior management team. The overhaul came as part of a new organisational restructure that is planned to have a major and widely applicable effect on the company’s operations. It is also initiated in order to assist the successful integration of the assets that have recently been acquired by the company and added to its online gaming and betting brands’ portfolio. A new business-to-consumer unit of the company has been established in order…

The UK-based leading online slot gaming operator Stride Gaming plc officially announced its results for the fiscal year which ended on August 31st, 2016. The Chief Executive Officer of Stride Gaming Eltan Boyd shared he was very satisfied with the excellent results presented in the annual financial report of the company. He explained that it was a great thing the web-based slots operator had managed to deliver strong organic growth and also praised the fact that the company had undertaken some transformational acquisitions. He reminded that the company owned a…

The largest casino, betting and gaming software developer Playtech revealed it has appointed Dr. Armin Sageder as a Chief Executive Officer of its BGT Sports division. As a result of the appointment, Dr. Sageder, who is known for the founder of the company’s BGT brand, is to become responsible for the BGT Sports’ businesses of Playtech. He will also bear responsibility for the customer relations of the team and will report to Playtech’s Chief Executive Officer Mor Weizer. The new boss of the BGT Sports division Dr. Armin Sageder commented…

UK betting giant Ladbrokes Coral has been reported to be approaching the largest bookmaker in Australia with a takeover bid that could cost the company over £2 billion. Although Ladbrokes Coral itself has completed a merger deal estimated to about £2.4 billion only a few weeks ago, the company has hired advisers to help it assess a suitable takeover offer for Tabcorp. The deal could come as part of the UK-based company’s strategy to further expand its reach and consolidate its presence on the global regulated markets. At the beginning…

The sports betting solutions provider Kambi Sports Solutions obviously sticks to its strategy for further global expansion, since the brand announced its has expanded its agreement with PlayCity. Kambi Sports Solutions first signed a deal with one of the divisions of Grupo Televisa – the PlayCity parent brand – in June 2015. The deal with Apuestas Internacionales S.A. de C.V. allowed the sports betting company to provide its self-service betting terminals and over-the-counter (OTC) betting in two casino venues of the PlayCity brand. In addition, the last year’s agreement provided…