Toronto TSX-listed The Stars Group Inc underlines its corporate focus of integrating its new international sportsbook assets and reducing its debt load, after publishing its Q3 2019 trading update (period ending 30 September). Incorporating the assets of Sky Bet (UK) and its newly formed Australia division merging Crownbet and William Hill AUS, the Stars Inc records an 8% increase in Q3 …
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Peter Ekmark has been appointed as the new CEO for Internet Vikings, a hosting and SEO content provider for the iGaming industry. A month after securing its first major acquisition through Costa PBN, he arrives as part of a new series of changes for the company called ‘Internet Vikings 2.0’. Formerly of William Hill, Jackpotjoy and Unibet, Ekmark has a …
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Industry provider Digitain has bolstered both its betting and skill gaming portfolios by launching Quantis, a new proprietary random number generator (RNG) engine. Running off the very latest in technology, ID Quantique’s physical RNG engine exploits the elementary process of quantum optics via the transmission of photons (light particles) to generate random events, allowing for the ultimate game of chance. …
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The Gibraltar government has communicated to its business community that changes to laws agreed under its ‘Tax Treaty’ mandate with Spain should not impact employee rights. Last March, Gibraltar and Spain’s tax authority agreed to terms established under a ‘Tax Treaty’ related to the tax status of individuals working in Gibraltar and residing in Spain. From the start 2020, in …
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News UK has confirmed the appointment of Simon Collins as new Managing Director, charged with leading the media publisher’s revamped Betting & Gaming division. A 25-year industry executive, Collins has led and developed a number of the UK’s leading igaming brands, across multiple verticals. Collins is the former managing director and enterprise co-founder of Cashcade, recognised as one of the …
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London-listed Rank Group Plc has confirmed the appointment of Liam Wallwork as inbound Director of Transformation for its Interactive division. Wallwork joins Rank’s executive management team from William Hill, where he formerly served as Commercial Director and Director of Gaming (2017-2019). A digital strategy expert for mass-market igaming brands, Wallwork holds further industry experience having served as an operations and …
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Neil McArthur, chief executive of the UK Gambling Commission, has emphasised the need for standards to be raised among overseas gambling businesses targeting British consumers. Speaking at the ARQ Gaming Compliance Forum in Malta, McArthur highlighted three key strategic focus areas to drive the standards of the latter, stressing that “the MGA share our concerns”. This follows a study undertaken …
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Issuing a market filing this morning, the governance of Stockholm-listed LeoVegas AB has agreed to sell its live gaming vertical Authentic Gaming to Genting Group for €15 million (£13m). Updating investors, LeoVegas details that the transaction is undertaken on a ‘debt-free basis’ and represents a return of more than 100% on its investment in the live gaming enterprise. LeoVegas’ investment in Authentic …
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London AIM-listed mobile gaming group Nektan Plc has confirmed that it has secured £2.6 million in working capital, having agreed subscription terms on a new share placement. Issuing its latest market-filing, Nektan governance reveals that ‘certain investors’ have agreed to back the firm’s subscription agreement, set at 52 million new shares priced at 5p per share. In its transaction note, …
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International betting technology firm Sportech has been accepted as an associate member of the World Lottery Association (WLA) after it was recognised for providing gaming solutions to national lottery, pools lottery, and charitable sports raffle operators across North America. The announcement builds on Sportech’s latest lottery contracts in North America, Europe and the Caribbean, with the international gaming technology company making significant investment …
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