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Regulated and taxed market growth fuels 888 Q1 uptake

888

888 Holdings has underlined its confidence in delivering on its 2021 financial expectations and corporate objectives, following a strong opening to its full-year trading.    Publishing its trading results for Q1 2021, 888 registered a substantial increase in revenue driven chiefly by expansion in regulated markets and growth across all core product channels.  The group reported an overall revenue increase of …

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Focus on regulated markets drives Kindred Q1 growth

Focus on regulated markets drives Kindred Q1 growth

Kindred Group Plc’s focus on regulated European markets, alongside a return of a strong sporting calendar, has helped drive the operator’s growth during Q1 2021. Publishing its financial results for the three months ended 31 March, Kindred reported that EBITDA had jumped from £32.5 million in the corresponding period last year to £97.6 million – something which the operator group …

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Pinnacle enhances safeguarding via GamBan software signup

SBC News Pinnacle enhances safeguarding via GamBan software signup

Online sports betting operator Pinnacle has enhanced its self-exclusion capabilities via a partnership with GamBan, taking advantage of the latter’s blocking software. The partnership will see Pinnacle utilise GamBan’s software to offer effective, free-of-charge safeguarding to customers, enabling those who wish to self exclude to not only block themselves from its own website but also from thousands of other gambling …

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Irish Senators debate responsibilities and launch date of gambling regulator

SBC News Irish Senators debate responsibilities and launch date of gambling regulator

The topic of problem gambling has taken centre stage in the Irish Oireachtas, as Senators debated the introduction of Ireland’s independent gambling regulator set for 2023. Under the terms of the ‘Interim Gaming and Lotteries Act’, passed in December 2020, the government will conduct a large overhaul of Irish gambling regulations in 2021, with the aim of modernising existing legislation …

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Scientific Games ranks as Greece’s top tech workplace

SBC News Scientific Games ranks as Greece's top tech workplace

Scientific Games has been recognised as Greece’s best technology workplace, having ranked fifth on the ‘Hellas – Great Place to Work’ corporate employment index.  The Nasdaq technology group jumped-up two spots on the Hellas 2021 employment index, registering as Greek tech’s highest-ranking incumbent. The ‘Great Place to Work’ index is published annually by the Hellas business institute, recognising the companies …

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Kindred sees high risk player revenues decline to 3.9%

SBC News Kindred sees high risk player revenues decline to 3.9%

Kindred Group has underlined the continued progress on its corporate sustainability objectives as its revenues generated from harmful gambling decline to 3.9%. The Stockholm-listed online gambling group published its latest ‘safer gambling update’, informing stakeholders that its ‘share of gross-win revenue derived from high-risk players’ had decreased from 4.3-to-3.9% during the trading period. At the start of the trading year, …

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Evolution hits strong 2021 opening off NetEnt and Red Tiger acquisitions

SBC News Evolution hits strong 2021 opening off NetEnt and Red Tiger acquisitions

Evolution Gaming has reported a 105% revenue increase in Q1 2021, driven by its acquisitions of NetEnt and Red Tiger Gaming, as well as expansion in global markets and continued high demand. Overall group revenue rose to €235.8 million during Q1, whilst the NetEnt takeover resulted in the total closure of the firm’s synergy project nine months earlier than anticipated …

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LeoVegas to challenge Spelinspektionen ‘poor AML’ judgement

SBC News LeoVegas to challenge Spelinspektionen 'poor AML' judgement

LeoVegas AB has launched an appeal against the SEK 2 million penalty (€200,000) issued by Swedish gambling inspectorate Spelinspektionen related to “shortcomings in the work against money laundering and terrorist financing”. Spelinspektionen communicated that LeoVegas had failed to comply in ensuring the risk-based AML safeguards of Sweden’s ‘Money Laundering Act’.  The penalty notice specified that LeoVegas had failed to ‘risk …

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MoneyMatrix adds 25 new payment options during Q1 trading

SBC News MoneyMatrix adds 25 new payment options during Q1 trading

MoneyMatrix has incorporated 25 new payment options into its solutions portfolio so far in 2021, expanding its presence into international gaming jurisdictions with localised payment methods for iGaming operators. Part of the EveryMatrix group, the iGaming payment gateway and processing platform has made an expansion of its payment solutions and active territories a core part of its corporate strategy for 2021. In the …

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GiG: Certification has become a staple of igaming platform development

certification

Certification is the “bread and butter” for igaming platform providers with ambitions to participate in regulated markets, said GiG’s General Counsel Claudio Caruana, who added that certification can guarantee speed to market for partner operators and attract key interest from those aspiring to enter a new market. As part of an exclusive interview for SBC News, Caruana (pictured above) also …

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