Company Reports

Inspired Gaming Group has reached a long-term agreement renewal with the UK-based lottery company 49’s Limited. The latter, which is currently among the leading Fixed Odds Betting companies in the country, also became the first company to bring into effective action the virtual sports option provided by Inspired. According to the statement issued on the matter, the new contract is to provide 49’s Limited with access to the latest graphical upgrades made of Inspired Gaming to their tracks, including Steepledowns, Brushwood, Sprint Valley, Millersfield and Portman Park. In addition, as…

The Canada-based online gambling company Intertain Group has revealed that it intends to go on with its intentions to get listed on the UK stock exchange. The plans came after the operator did not manage to get any satisfactory takeover offers. The Chairman of Intertain Board of Directors Neil Goulden commented on the news, saying that the entire team of the company was excited about the great variety of opportunities that came along with the ordinary shared offering of ListCo. He also added that the company was aimed at getting…

On Tuesday, BetVictor announced that it is to launch BetFinder – a special product that has been developed in collaboration with Timeform, which is focused on making betting on horse races simpler, easier and more personalised. The BetFinder service is to be available on BetVictor, including on its Android and iOS mobile applications. The newly-released product is part of a series of gaming and betting innovative solutions which were initiated and designed by BetVictor in order to bring improvement and upgrade to the sports betting experience of its customers. Using…

The Irish bookmaker Paddy Power has made a content deal with the Isle of Man-based start-up slots developer Red Tiger Gaming. According to the partnership agreement, the betting operator will have the games of Red Tiger available for customers of its website. Under the terms of the deal, Red Tiger will have its gaming content, including casino table games, virtual slots machines, progressive jackpots innovations and Smart Spins bonus engine application offered at the Paddy Power website. The Commercial Director of the UK-based start-up Giles Potter confirmed of the deal…

As initially expected, the Competition and Markets Authority (CMA) has decided that between 350 and 400 shops must be sold by Ladbrokes and Gala Coral in order for them to get a regulatory approval of their merger. This way, the merger between the two companies is set to be finalised in the autumn of 2016. The Inquiry Chair of CMA Martin Cave commented on the final decision of the watchdog, saying that it is the variety and large choice of betting shops in the local areas which make the competition.…

Gauselmann Group’s AGC operator Praesepe Plc has continued to grow its business through the purchase of 25 Adult Gaming Centres (AGCs) from the William Clark operation. The sum of the venue’s acquisition deal has not been officially revealed, but the contract comes as part of the UK-based company’s strategy to consolidate its presence at its national market. Speaking of the takeover deal, William Clark said that Teddy Clark’s AGC brand had been one his oldest ones after being established 40 years ago. He said that the sale of such a…

The Isle of Man-based gambling software developer Playtech has reached a new content distribution agreement with PokerStars. Under the terms of the deal, the already existing collaboration between the two parties is to be extended to a new level. The web-based casino section of PokerStars will be supplied with some of the most popular gaming titles provided by Playtech. The gaming content of the Isle of Man-based provider will be rolled out among the PokerStars offerins at several stages. Various Playtech titles have been launched especially for the Amaya-owned brand’s…

As expected, William Hill made a statement concerning the eventual takeover offer by gaming operators 888 Holdings and Rank Group saying that it remains doubtful on the matter. The bookmaker confirmed that it had already received a preliminary bid, but no acquisition price, transaction structure, terms and conditions and form of consideration were proposed by the two operators’ consortium. The latter had not suggested the takeover’s timing as well. According to the official statement issued by William Hill on Monday, the company’s Board is ready to “listen and consider” any…

The online betting company 888 Holdings and the casino operator Rank Group are having negotiations over a joint takeover bid for William Hill, which has been lately having some difficulties. The joint bit is estimated to £3 billion. An eventual takeover would be the latest in a series of acquisition deals between gaming groups at a time that most companies are facing some difficulties associated with harsher regulations and increased new taxes have influenced on profits in the sector. The information was made public through a joint statement of the…

According to a statement made by the investment firm IBID Group, an acquisition of the entire share capital that Pragmatic Play had issued has been finalised. The latter is a business-to-business company that currently provides a variety of virtual casino gaming options to clients worldwide. Pragmatic Play’s offices are based in Malta and the Isle of Man to date. As revealed by IBID Group in its statement, the investment development company intends to turn Pragmatic Play into a major business-to-business digital gaming content supplier by working in collaboration with first-class…