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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IGT Group optimistic of 2016 outlook following year of synergy creations
New York-listed gambling and lottery technology supplier, IGT Group closed its full-year 2015 results (period ending 31 December) reporting adjusted revenues of $5.5 billion down 4% on 2014’s (pro-forma) revenues of $5.7 billion. Declaring its first full-year performance as IGT Group (the combined enterprise of GTECH and IGT), the company would declare adjusted EBITDA earnings of $1.8 billion, down …
Read More »Nicholas Wright – Dribble – Fantasy five a side
Nicholas Wright is the Co-Founder at Dribble, a recently launched daily fantasy football app on iOS. With stats powered by Opta, and a smooth operating system which focuses on contests between friends, it’s looking to carve out a chunk of the burgeoning European fantasy market for itself. The legality of real money fantasy contests is a hot topic in courthouses …
Read More »Just how tall is Trump Tower?
As the primaries march on, more and more are placing a rather terrifying bet on Donald Trump becoming the next US President as his Republican candidacy looks ever more likely. There’s another market which has opened in regard to the wall building fanatic however, and it’s somehow more terrifying than the idea of his presidency. Paddy Power is now taking bets …
Read More »Get involved with the Microgaming Soapbox Race
On September 3rd the third annual Microgaming Soapbox Race will take place on the streets of Douglas, Isle of Man and you can join in on the fun. Entries are open now with the chance to build and design your own kart, the whackier the better, take part in the race and contribute to a great cause in the meantime. Prizes …
Read More »Microsoft and ESL team up for Xbox Live esports tournaments
It has been revealed that esports league ESL and Microsoft are working together to ensure that ESL tournaments can soon be integrated on the Xbox Live tournaments platform. This move will allow companies to organise events within their games through Xbox Live. This is one small step for esports, and one giant leap for console esports titles and tournament providers. This …
Read More »Favourit announces $6 million ASX listings plan
Australian based, European focussed online betting operator Favourit has announced that it plans to list a public offering on the Australian Securities Exchange (ASX listing). The listings move comes as the operator completes its takeover of ASX-placed mining firm Celsius Coal Ltd. Favourit governance detailed that the company aims to raise circa AUS $6 million (£3.2 million) on its ASX …
Read More »David Baazov updates market on Amaya takeover bid
Announcing Amaya Inc 2015 full-year results, which saw the operator post net losses of CAD $25 million (£14 million), CEO David Baazov updated the market on his proposed management takeover of the firm. Baazov alerted the media that his executive team intends to make a formal bid to take Amaya assets private, though no timeline for the announcement of the …
Read More »Canadian $ decline and diversification costs impact Amaya 2015 earnings
Updating the market on its 2015 Q4 and full-year results, Toronto-listed operator Amaya Inc would declare 2015 group net losses of CAD $25.9 million (£14 million). The operator which is currently subject to a management takeover bid by Chief Executive David Baazov, reported that its corporate earnings performance had been impacted by the decline of the Canadian $ against core …
Read More »Pinnacle unleashes Lite app for iPhone
Pinnacle Sports has launched its first native mobile app, known as Pinnacle Lite, for the iPhone. It’s initially available to bettors in selected markets, with an Android version coming soon. The app is Pinnacle Sports’ first foray into the native app space and signals the beginning of a mobile upgrade year for the veteran bookmaker. The app offers six of Pinnacle’s most popular markets …
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