After reporting that ‘the last three months have been the most turbulent and difficult’ in its company history, Malta-based Global Gaming has been forced to let go of half its staff in a bid to reduce costs. Releasing its interim Q2 report last week, the iGaming operator explained that it had faced tough regulatory headwinds from its home market of …
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Sportingtech has increased its African market share by closing a deal with MENA Sports Consulting, trading as BetOn in Uganda. BetOn will be running off Sportingtech’s multi-management platform, Pulse, which combines sports, technology, casino games and betting into a single solution. The Sportingtech platform is available through online, mobile and retail, utilising key features such as risk analysis tools, content …
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Facing tough regulatory headwinds in its home market of Sweden, an embattled Global Gaming AB has reported that Q2 2019 has ‘been the most turbulent and difficult in the history of Global Gaming’, with revenues and profits bearing the brunt of the licensing decision. Releasing its interim Q2 trading update (period April – June 2019), Global Gaming reported that revenues …
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London AIM-listed mobile gaming group Nektan Plc has begun executive search procedures after confirming the departure of Lucy Buckley as CEO. Issuing a corporate statement, Nektan said that company founder and Executive Director Gary Shaw will act as company Chief Executive on an interim basis. Buckley will ‘remain available to the board’ to help the company with its leadership transition, …
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94 per cent of players want instant access to their winnings, according to research from Trustly on nine of Europe’s leading countries for online sports betting and gaming. The online payment solutions provider was testing the hypothesis that payments, specifically fast payments, can create player value for a sample size of 1,700 across Spain, Poland, UK, Germany, Denmark, Finland, Sweden, …
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The governance of London-listed JPJ Group Plc maintains confidence in the firm’s future prospects, as the company moves to fully integrate operating partner Gamesys, enlarging its commercial capacity. Publishing its interim H1 2019 trading update (period ending 30 June), JPJ records a 14% increase in corporate revenues to £170 million (H12018: £149 million), driven by the ‘strong organic growth’ of …
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Issuing a market filing Stockholm-listed Gaming Innovation Group (GiG) has confirmed that it has reached an agreement to divest its Highroller (Highroller.com) online casino property to Ellmount Gaming Ltd for a total consideration of €7 million. As part of the agreement, Ellmount will become a B2B customer of GiG services, continuing to operate Highroller utilising GIG’s platform, front-end and managed …
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Stockholm-listed Global Gaming AB has suffered a further setback in reviving its flagship Ninja Casino brand, as it confirms that its ‘injunctive relief appeal’ has been rejected by Sweden’s Supreme Administrative Court. The update sees Global Gaming governance overruled for the third time by Swedish administrative courts, in relation to challenging Swedish gambling regulator Spelinspektionen’s indefinite suspension of Malta subsidiary …
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Nasdaq-listed Scientific Games Corporation (SGC) confirms that it’s online gambling technology subsidiary SG Digital will power the US online casino platform and systems provisions of Stockholm-listed Kindred Group Plc. Updating the market, SG Digital informs that Kindred has selected its Open Gaming System (OGS) and Open Platform System (OPS) as lead technology and content solution for its US market profile. …
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London-listed JPJ Group has confirmed that it will retire its Vera&John and InterCasino brands from the UK market, choosing to focus its home market presence through flagship domain Jackpotjoy. JPJ has communicated to existing UK customers that the online casino brands will be officially shut down on Tuesday 3 September, with the operator no longer accepting new player registrations. “We’ve …
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