IGaming

Zeal counters Lottoland criticism of Lotto24 takeover

The governance of Zeal Network has responded to yesterday’s open letter published by Lottoland CEO, Nigel Birrell urging Zeal shareholders to reject the firm’s approved takeover of German competitor Lotto24 AG. Representing Lottoland as a shareholder of Zeal, Birrell questioned the valuation, legitimacy, management and due diligence of a Lotto24 takeover, stating that should the transaction be processed it would …

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CasinoDesignPro adds to BetConstruct games library through SlotBuilder

CasinoDesignPro - Copyright: welcomia / 123RF Stock Photo

CasinoDesignPro has followed in the footsteps of Vegas Kings by designing two new games using the SlotBuilder from BetConstruct. Just a month after Vegas Kings utilised the service to launch Bling Spins and Soccer Shootout, the Lithuania-based igaming design studio has added Mystical Amber and Midsummer Magical Night to BetConstruct’s existing library of games. SlotBuilder has been designed to provide …

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Lottoland CEO urges Zeal shareholders to drop Lotto24 takeover

Lottoland Chief Executive Nigel Birrell has urged Zeal Network SE investors to reject the firm’s planned acquisition of German competitor Lotto24 AG, a transaction which will be voted for at a scheduled Zeal AGM on 18 January. Yesterday Birrell published an open letter to Zeal’s Dr Helmut Becker (CEO) and Jonas Mattson (CFO) questioning the ‘value and economic sense’ of …

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Nektan on course to ‘€ break-even’ in 2019

London AIM-listed igaming platform and games provider Nektan Plc has this morning published its Q2 2019 trading update (period ending 31 December) reporting record KPI growth, new commercial partnerships and progress on its US market foundations. Updating investors, Nektan reports record cash wagering across its active business verticals of £222 million, a £40 million increase (22% growth) on Q1 2019’s …

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Red Tiger ups regulated market reach through EveryMatrix deal

Red Tiger

Red Tiger Gaming has secured extra access to regulated markets including the UK and Denmark after signing a content distribution agreement with EveryMatrix’s CasinoEngine. The CasinoEngine platform, which features around 8,000 games, already includes those from top providers such as NetEnt, Evolution Games, Microgaming and Play’n GO. It has been designed to accommodate those operators that want to differentiate through …

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Danish regulator issues crackdown on illegal gambling sites

Danish regulator Spillemyndigheden has ordered local internet service providers (ISPs) to block 18 sites found to be in violation of the Danish Act on Gambling. This was just one of the key outcomes from a report based on three web searches conducted by Spillemyndigheden through December 2018 to identify those operating without the required licence from the Danish Gambling Authority. …

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Dr. Laila Mintas to chair Advisory Board for Bet.Works

Mintas

The former Deputy President for Sportradar US, Dr. Laila Mintas, has been appointed as Chairwoman of the Advisory Board for Bet.Works. Dr. Mintas, who left her role at Sportradar in December 2018, believes that the sports betting platform provided by Bet.Works, a US-based iGaming and sportsbook technology platform supplier, will “fill a major void” that exists in today’s marketplace. Recognised …

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Penn unites with Vici for $376m Margaritaville acquisition

Penn National Gaming and Vici Properties have confirmed the $376m purchase of Louisiana’s Margaritaville Resort Casino. Vici secured the land and real estate assets of the property for $261m, while Penn purchased the operating assets of Margaritaville for $115m. Alongside the closing of this transaction, Penn National entered into a triple-net lease agreement with the company. The lease has an …

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GVC confirms Swedish launch for bwin and partypoker

GVC Holdings has confirmed that following receipt of a Swedish gaming licence, it has launched bwin and partypoker in the country. Both brands now offer dedicated websites under the .se extension, with an Android mobile app is also available, with an iOS version expected to follow over the coming days. bwin.se will utilise the feature-set and content from the group’s …

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Playtech reaches £25 million deal with Israeli tax authorities

Israeli - Copyright: tsyhun / 123RF Stock Photo

Playtech has agreed to pay Israeli authorities approximately £25 million following a civil tax audit assessing its activity in the country between 2008 and 2017. The gambling software company confirmed this morning that it had reached a settlement on 31 December 2018, after acknowledging that the Israeli tax authorities had made “transfer pricing adjustments in relation to certain functions”. The …

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