Author: Olivia Cole

The Swedish provider of gambling and sports betting products and services Mr Green released a report about company’s financial performance in Q2 and H1 of 2016. According to the released numbers concerning the Q2 results, a rapid growth in the mobile sector has been noticed. The revenue from games played via mobile devices jumped by 69.4% to reach SEK 90.4 million. The total revenue amounted to SEK 211.2 million, which means an increase of 8.4% YOY has been registered. As for EBITDA, it was estimated at SEK 12 million and…

The gaming giant Playtech scooped the prize for the “Most Effective Agency Collaboration”. The award was granted at the International Corporate Event Awards ceremony. The event took place in the well-known Victoria and Albert Museum in London and it was attended by leading names in the gambling industry as well as representatives of well-established and starting companies. As many as 260 guests, representing 104 companies and 15 industry sectors were among the attendees. Awards were given in nine project categories including Best Sponsorship Activation, Best Leadership Event, Most Effective Use…

Representatives of Yggdrasil Gaming, the prominent Cherry AB subsidiary, announced earlier today that the company has a new Chief Financial Officer. The new role is assigned to Frida Gustafsson. Her appointment is a result of the rapid expansion Yggdrasil has been going through over the last couple of months. Gustafsson is no stranger to the gaming business. Before joining Yggdrasil, she used to work for NetEnt. Her most recent position within the company was a Finance manager for tax and new markets. Gustafsson will be based in Yggdrasil’s Maltese office.…

Representatives of the Australian Wagering Council commented on the matter regarding the advertising issues that have befallen the country lately and said that all operators holding licenses, had the legal right to promote their products and services via various communication channels. However, they said they will address the community concerns, related to sports betting ads. The Council has already discussed various options for nationwide regulation of gambling advertisements. Some of the demands included the sports betting ads to be banned during the time slots intended for general audience. If these…

Gaming Innovation Group, a parent company of several iGaming subsidiaries and casino sites including Guts.com and Betspin.com, announced that it is about to have its corporate headquarters relocated to St. George’s Bay, Malta. The company has inked a lease valid for 8 years and the headquarters office is to be located in a modern, innovative campus building. Representatives of Gaming Innovation Group announced that the relocation is expected to be completed by the second quarter of next year. They did not miss to mention that the headquarters relocation is an…

The world’s largest online betting exchange – Betfair – has signed a global deal with FC Barcelona. According to the contract, the Internet betting company is to become part of the official global partners of the Spanish football club. The contract is signed for a period of three years. Currently, Betfair is part of Paddy Power Betfair gambling group that has merged recently. The plans for the merger were announced by the two companies in the summer of 2015, so they joined forces to create a land-based and Internet gambling…

GAN Plc, formerly known as GameAccount Network, has officially announced that the Chicago financial advisory firm David Capital Partners has been welcomed as a new investor. According to the company’s press release, a total of £450,000 have been raised through a non-pre-emptive placing of 1,500,000 ordinary shares to the US-based company and its associates. The shares of £0.01 came at an issue price of 30p each. The new share placement and purchase, respectively, is to grant the American investor with 2.2% of the enlarged GAN Plc total share capital. As…

The special purpose acquisition company Hydra Industries Acquisition Corp. announced on Thursday that it has entered the definitive purchase agreement phase of the takeover negotiations with the London-based Inspired Gaming Group and its subsidiaries and co-investors. The US company has been formed with the purpose of effecting exactly mergers, acquisitions and similar business combinations and is now entirely focused on finalising with the gaming supplier. Inspired Gaming has been estimated to £200 million, including its indebtedness. Transaction expenses have been excluded from the valuation of the UK-based company. The same…

Today GVC Holdings Plc, one of the major online bookmakers on the market, announced a trading update for the six months ended June 30th, 2016. The company revealed that trading was given a boost over the period, and there was an increase in its profitability over the second quarter primarily thanks to the results over the first half of the Euro 2016 as well as to the takeover of Bwin.party. The e-gaming provider, which almost doubled in size after the acquisition of Bwin.party Digital Entertainment Plc, shared that it managed…

Mark Johnston, a horseracing trainer, has publicly asked the broadcaster ITV that is based in the UK to get rid of betting advertising from its sports coverage at the time when the brand is expected to assume exclusive race broadcasting rights at the beginning of 2017. ITV is to take control of Channel 4, and the takeover deal includes broadcasting the major events on the calendar, such as the Cheltenham Festival, the Investec Derby Festival that takes place at Epsom Downs and the Crabbie’s Grand National at Aintree. The takeover…