Tag Archives: Latvia

Altenar: The flexibility to match customer requirements and meet operator challenges for specific markets

Altenar - 14921102 - image of a vector world map against a colorful blue sky background.

Altenar is a sportsbook software and services provider, who continued a pattern of punching above its weight in 2018 by posting ‘doubled’ revenues for the third year in a row. The company powered a successful 12-month period that saw Wplay.co – the first approved licensee for the regulated market in South America – grow to become one of the early …

Read More »

Mr Green would accelerate William Hill international growth

Mr Green

William Hill has laid out some of the rationale behind its £245m offer to acquire online casino group MRG, the parent company of Mr Green in its offer document to shareholders. The company believes that the acquisition will give William Hill access to an international hub in the shape of Malta from which to drive international growth together with deeper …

Read More »

New journey begins for Olympic Entertainment as Odyssey completes takeover

Legacy Eastern European gambling operator, Olympic Entertainment Group (OEG) begins a new chapter as a private enterprise. Last Friday, OEG governance completed the firm’s delisting from the Tallinn Nasdaq Exchange, as private equity firm Odyssey Europe completed its €290 million outright takeover of OEG, a transaction first announced on 19 March 2018. Prior to the company hosting its ‘extraordinary general …

Read More »

Kambi hails World Cup and SCOTUS in latest interim report

Sports betting technology and software supplier Kambi Group Plc has reported a strong financial performance in the group’s Q2 2018 interim report. Year-on-year revenues have shown a 25 per cent growth for the second quarter of 2018, reaching €17.6m (15.65m) from the previous years €14.1m (£12.54m), aiding a 20 per cent H1 jump from €28.3m (£25.1m) to €34m (£30.2m). Addressing …

Read More »

Kambi and Latvijas Loto reach sportsbook agreement

Copyright: hstocks / 123RF Stock Photo

Sports betting technology and software supplier Kambi has announced that it is to supply its online sportsbook to to the national lottery operator of Latvia. Signing a long term agreement with SJSC Latvijas Loto (Latvian Loto), a provision of its full managed sportsbook and services is to follow, which is set to be offered through digital channels. The Government owned …

Read More »

Yggdrasil Gaming expands Betsson deal

BetBright

Yggdrasil Gaming has agreed a new comprehensive deal with Betsson, which will see entry to a number of key regulated markets, in addition to strengthening its strategic partnership with the operator. Denmark, Italy, Spain and Latvia are a selection of the new regulated markets that the collaboration will extend to encapsulate, following the fresh agreement. The first of those to …

Read More »

Olympic Entertainment majority shareholders accept Novalpina’s €288 million buyout offer

Luxembourg-based private equity firm Novalpina Capital has put forward a bid to acquire Tallinn (Estonia) listed gambling firm Olympic Entertainment Group (OEG) outright. Issuing a market update, Novalpina details that it has placed a €1.90 per share offer for OEG’s enterprise through its investment vehicle Odyssey Europe AS. Offering a 3.3% premium on OEG’s ‘average exchange price’ for the past six …

Read More »

‘Live in Riga’…Playtech completes largest ever Live Casino customer migration

Playtech development has today announced that it has completed the ‘industry’s largest migration’ of dedicated live casino rooms to its new ‘next generation’ studio in Riga Latvia. Completing one its key corporate initiatives for 2017, Playtech migrates its live casino operations to an 8,500 square capacity site built on top of the city’s fortified 16th-century walls in the heart of Riga Old …

Read More »

11.LV Latvia launches affiliate program on NetRefer

Latvian operator SIA Viensviens LV has announced that online gambling property 11.LV will be launching its affiliate marketing platform utilising NetRefer software.   SIA Viensviens is the second largest gambling market operator, and is fully licensed by the Latvian Gaming Supervision Inspection authority. Launching subsidiary 11.LV (www.11.LV), the company seeks to build the leading online gambling brand for Latvia. Utilising …

Read More »

Estonia & Latvia growth offsets Olympic Entertainment closures in Poland & Belarus

Led by growth in its core markets of Estonia and Latvia, Eastern European gambling operator Olympic Entertainment Group (OEG) has reported full-year 2016 revenues (before tax) of €205 million (FY 2015: €177 million) Closing its FY 2016 corporate performance, OEG would declare net revenues of €161 million (FY 2015: €136 million), with its Estonian home market generating revenues of €45 …

Read More »