Betsoft signs content agreement with Gamingtec
In a key development in the iGaming world, Betsoft Gaming signed a content agreement with Gamingtec, a B2B provider.
As per terms of the contract, Gamingtec will have access to Betsoft’s wide array of premium 3D iGaming entertainment.
‘Slots3’ collection of true 3D video slots and ‘ToGo’ mobile line of products too are part of this deal.
Commenting on this deal, Gamingtec chief executive Sapar Karyagdyyev said:
“We know from research that these games are popular with players,”
“We are sure that Betsoft games will provide us with a good competitive advantage and will allow us to attract even more players.”
Tom Nyborgof Betsoft stated:
“Gamingtec is a dedicated and comprehensive platform provider; their growth has been phenomenal, a great indicator of the success they will achieve in this industry.
“We are tremendously excited to be partnering with them at this time and are looking forward to what innovative solutions they will bring to the market as they continue to develop.”
Betsson agrees deal to acquire Tonybet’s Lithuanian business
In a big move in the iGaming world, Betsson is set to acquire Lošimų Strateginė Grupė, the parent firm of TonyBet’s Lithuanian business.
According to media reports, a deal in the range of €4 million ($4.5 million) was agreed upon by the two parties.
Betsson confirmed the news and announced it had secured all TonyBet Lithuanian assets for 3.6 times the company’s revenues before interest and tax to-date for this financial year.
Another interesting feature that is part of this deal is the €2 million performance-based bonus that is linked to the assets milestones for 2017.
Commenting on this move, Betsson president and chief executive Ulrik Bengtsson said:
“We see strong synergies in this acquisition, through migration of the operator to Betsson’s technical platform, and development of the casino offering.
“This acquisition is a good strategic fit for Betsson Group as Betsson’s ambition is to increase revenue from locally regulated markets.
“We have now consolidated our presence in the Baltic region by ensuring local licenses in all three markets, and continue to pursue growth across Europe, organically and through acquisition.”
Relax Gaming granted Romania license, NetEnt goes live
In a major development in the iGaming world, Relax Gaming secured a B2B supplier license Romanian's regulated market.
This will help Relax Gaming offer, via the Silver Bullet platform, its multiple casino games to operators.
Not just that, the company's partners will also have access to its bingo and poker games.
Commenting on this move, Patrik Österåker, chief executive of Relax, said:
“Moving into new regulated markets is a natural step for Relax and part of our growth strategy.
“We are very pleased to have been granted a license in Romania, which is an attractive and growing market for us.
“The license allows Relax to support our valued partners as they retain and grow their presence in this important jurisdiction.”
In another significant development, Net Entertainment (NetEnt) launched its games in Romania after acquiring a license earlier in 2015.
Enrico Bradamante, chief of European market operations and managing director of NetEnt Malta, commented:
“We keep delivering on our global growth strategy by strengthening our position on regulated markets and we are very pleased that our popular games are now also available in Romania.”
NYX Gaming Group acquires class-two license in Romania
In a significant new development in the iGaming world, NYX Gaming Group secured a class-two license from the Romanian National Gambling Office (ONJN) national regulatory body.
The acquisition of this license will help the company deliver digital gaming content through its Open Gaming System platform. These services will be offered to not just current but also future gaming operators in the regulated Romanian market.
This latest move is in line with NYX’s strategy of expanding its global reach and building newer relationships with regulated markets like Romania.
Speaking about this latest development, David Flynn, executive vice-president, at NYX stated:
“Expansion within regulated markets is an important part of the NYX growth strategy.
“The achievement of our Romanian license underlines the calibre of our Open Gaming System and omni-channel content portfolio, and allows us to bring our innovative gaming expertise to this continually expanding market.”
This definitely comes across as a smart move by the company. However, experts and analysts will have to wait for a year to gauge its real impact. There is however no denying the fact the iGaming world is experiencing new model of business growth.
Stoloto becomes Russia’s second licensed lottery operator
In a new significant development in the world of iGaming - Stoloto – became the only the second lottery operator to launch a licensed sports betting portal in Russia.
The newly launched 888.ru site (no connection with 888 Holdings) is powered by the Betconstruct platform.
The operator’s Russian license was initially handed to local bookmaker 23Bet.
Stoloto earlier made public its plans of launching. However it had not revealed the date of launch.
On 888.ru, punters will be able to bet on all major events in football, tennis, basketball, American football, badminton, rugby union and rugby league.
Liga Stavok is the other company that has secured an online sports betting license in Russia.
Sky Betting and Gaming pens deal to acquire CORE Gaming
According to media reports in the iGaming industry, Sky Betting & Gaming has inked a deal to buy out content studio CORE Gaming.
Despite Sky’s acquisition, Justin Chamberlain, CORE Gaming’s managing director, will continue to hold his position in the company.
CORE Gaming and Sky Betting & Gaming have been working in tandem for quite a few years now. The former has been supplying the UK-based company with its portfolio of mobile casino games.
Commenting on this new development, Sky Betting & Gaming’s gaming director Conor Grant said:
“This acquisition makes what was already a close relationship even closer,”
“CORE Gaming has been a key part of our mobile casino success story and we believe their unique position to understand our customers and build great content for our players will further drive our gaming business forward.”
Simon Lloydbottom, senior director at Orbis Partners, oversaw the deal.
“Given the already close relationship between CORE and Sky Betting & Gaming there is a natural strategic rationale for the deal.
"We are delighted to have worked so closely with the shareholders in order to deliver a deal which works well for all involved, and we look forward to seeing CORE continue its development under new ownership,” he stated.
There is no denying the fact that the iGaming industry is shrinking duo to multiple mergers and acquisitions. Companies are joining hands to improve innovation and offer better products to their customers. Like Sky and CORE, more firms will soon come forward to collaborate in the remainder of the year.
After UK, Yggdrasil Gaming secures Gibraltar license
In a new significant development in the iGaming world, Gibraltar Licensing Authority has awarded a B2B remote gambling license to Yggdrasil Gaming.
Yggdrasil is now in a position to cater to online gambling operators based in British Overseas Territory and UK with its gaming platform and slot games via its Gibraltar infrastructure.
This latest move comes after the company secured a UK license for its Malta-based infrastructure in December 2015 from the UK Gambling Commission.
Fredrik Elmqvist, CEO of Yggdrasil, commented:
“The Gibraltar licence really is an important piece of the jigsaw for Yggdrasil; we’ve had great success in Malta and things have been going really well since we received our UK licence in December.
“Gibraltar is a hugely important jurisdiction with a large number of major operators and we are delighted to become part of the Gibraltar e-gaming community.
“We’ve established a point of difference compared with other suppliers which will help us achieve our aim of becoming the best supplier in the industry.”
Scientific Games bags Lotterie Nationale Belgium contract
Scientific Games earlier in the week secured a one-year contract to not just design but also manufacture instant games for national lottery operator Loterie Nationale Belgium.
As per this deal, lottery will be offered with complete marketing support from the end of Scientific Games. It also must be noted that the contract includes options to extend for three more years.
As of now, the company is the biggest player in the market, supplying 23 of the world’s 25 leading lotteries.
Loterie Nationale Belgium administrateur délégué Jannie Haek said:
“One of the primary reasons we selected Scientific Games is the results experienced by several other major lotteries in Europe with instant game products.
“We believe that Scientific Games' consumer insights, marketing strategies and the innovation they are bringing to instant games will be a means to entertain our players and grow revenues for Loterie Nationale.
John Schulz, senior vice-president, Scientific Games, stated:
“Instant products, often supported by interactive second-chance drawings on mobile and web, continue to be the largest year-on-year revenue growth for lotteries in many jurisdictions around the world.
“Our expertise with instant games is unrivalled, and we believe we can empower Loterie Nationale with the analytics, strategy and creativity to entertain Belgian players and grow sales."
Greek government approves fixed 35% tax rate for online gaming operators
The Greek government has given its nod to charge 35% tax on gross gaming revenue for licensed online gaming companies operating in the country.
Greece at the moment is functioning under a 30-35% duty system, which will now be substituted with a new model come January 2017.
There are 24 licensed operators in debt-ridden European country. The 35% tax rate will apply to not just all of them but also product types.
Under the new structure, state-owned operator OPAP will match these rates so that European Union (EU) can be assured of fair business competition practices.
Greece currently is faced with several loan sanctions from the EU and the government needs to meet a surplus of 3.5% of its national budget.
Hence the introduction of new tax system for iGaming operators aims at helping the state in raising approximately €54 million from the industry’s duties.
NYX strengthens Italian presence with Eurobet deal
NYX Gaming Group’s Italian operations received a major boost after the company signed a content agreement with Eurobet.it and Game360 platform.
As per the deal NYX’s digital casino content will be launched via Game360 with the sportsbook operator.
Now, customers of Eurobet.it will have access to titles from NYX's NextGen Gaming studio such as ‘Foxin’ Wins’ and ‘Merlin’s Millions’.
Interestingly, NYX last month signed a similar deal in the country with Sisal.
Eurobet’s head of gaming Alfredo Melloni said:
“We continue to invest with new suppliers and NYX is the right supplier for our customer base.
“Our partnership with NYX and Game360 has enabled us to offer our players the very best in multi-supplier casino content available.”
Andrea Guzzon, general manager for Game360, stated:
“Our portfolio offering supports Eurobet's strategy to give their players the most comprehensive and engaging selection of mobile and desktop slot games certified for the Italian market.”