iGaming

European igaming operator Cherry AB  has confirmed that it has decided to issue a four-year senior secured bond in the amount of €50 million, with maturity on July 11, 2020. The net proceeds will be used to partly finance the acquisition of 49% of the shares in ComeOn Malta Ltd (tranche one) with an option to acquire the remaining 51 % …

Following a period of corporate restructuring, London AIM-listed mobile gambling software provider Nektan Plc is confident that it can reverse its financial performance in the second half of 2016. Last week, Nektan governance provided a preliminary update on its H1 2016 performance detailing that it expected to post £4.2 million in net gaming revenues (H1 2015: £1.6 million). The company …

Gibraltar industry trade association the ‘Gibraltar Betting & Gaming Association’ (GBGA) has moved to quell stakeholder concerns regarding the UK’s referendum decision to leave the European Union. The industry body which represents twenty Gibraltar-based European online betting operators, stated that governance of the British Overseas Territory remained ‘strongly committed’ in maintaining its present industry operations and framework. Following the UK’s …

Industry virtual games supplier Kiron Interactive has boosted its Russian and CIS presence by agreeing to a content supplier partnership with Blue Ocean Gaming. The deal will see the full suite of Kiron’s popular games made available to the casino platform’s customers across Russia and CIS regions.  This will comprise up to nine virtual sports, including Version Two of their greyhound …

Sporting Index has rolled out a Casino product suite for mobile and tablet users to coincide with the increased traffic during the knock-out stages of Euro 2016. The content for the new product will be provided by NetEnt and Microgaming. Following a successful desktop launch in March 2016, the strategic launch will see mobile and tablet users provided with over 50 …

Amaya INC governance has met with shareholders at yesterday’s Annual General Meeting (AGM), discussing the company’s current position regarding the potential management takeover by former CEO & Chairman David Baazov. Company stakeholders remained tight-lipped regarding discussions, disclosing no information to news sources (media were not allowed at the AGM). The AGM was the first meeting between Amaya governance and investors …

Intertain has announced the appointment of Neil Goulden as its new Chairman of the Board and Andrew McIver as the new CEO. With McIver’s appointment, John Kennedy Fitzgerald has resigned as CEO, and Brent Choi has also resigned from the Board. Neil Goulden has spent the last twenty-five years at the board level within a number of significant gaming and …

It has been announced that mybet is to stop offering poker on its site as it looks to reassess and focus its efforts on betting and casino games. This announcement follows the news that mybet has sold its stake in Pferdewetten.de, the German horseracing betting firm, in order to raise some much needed funds. The mybet group lost €8 million (£6.6m) last …

iSoftBet, the London-based online and mobile casino games provider, has been granted a production and distribution of gaming software licence by the National Gambling Office in Romania. Romania is the latest regulated European market to welcome and license iSoftBet, with the company having already been awarded permits in the UK, Spain, Italy, Denmark and Portugal. The licence allows the company …

Microgaming has announced details for the upcoming July release of Reel Spinner, a five reel, 15 payline fishing-themed slot game, featuring colourful maritime symbols, an exciting soundtrack and a brand new game feature. The game will go live to Microgaming and Quickfire operators on desktop, mobile and tablet on 6th July 2016. It follows the successful June launch of Pretty …