Tag Archives: malta

Catena bets on Tech & AI upgrades to overturn dire FY2023 results

Catena Media

Catena Media Plc has initiated an extensive internal investment programme to advance its tech platform and AI capabilities, as investors are warned that challenging trading conditions will continue until the second half of 2024. The Stockholm-listed igaming media group published its full-year 2023 results, reporting a dire close to year trading, registering Q4 revenues of €14.5m, a decrease of 41% …

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Malta NRA notes igaming AML improvements but stresses financial flow monitoring 

SBC News Malta NRA notes igaming AML improvements but stresses financial flow monitoring 

The government of Malta has detailed that it has strengthened policy and compliance in the gambling sector to minimize exposure to threats and vulnerabilities stemming from money laundering (ML) and terrorist financing (TF). Measures were outlined by the ‘National Risk Assessment (NRA) on Money Laundering (ML) and Funding for Terrorism (TF)‘, a review of financial risks across Malta’s business sectors. …

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Payhound: Reliability as a trust forming factor in the cryptocurrency space

SBC News Payhound: Reliability as a trust forming factor in the cryptocurrency space

Speaking to SBC, Payhound’s Managing Director Elton Dimech revealed why his company puts an emphasis on reliability and stability rather than market disruption when it comes to leaving a mark in the crypto space.  SBC: For those of our audience unfamiliar with Payhound, give us an introduction to the brand and its key offerings. Elton Dimech: Payhound has emerged as …

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Finixio recruits Sacha Kinser as Head of Gambling Content

SBC News Finixio recruits Sacha Kinser as Head of Gambling Content

Finixio has announced the appointment of Sacha Kinser to the new position of Head of Gambling Content, overseeing editorial disciplines across its sports betting and igaming media network. An expert in SEO and brand building, Kinser joins Finixio from Game Lounge, where she most recently served as Head of Content for the Malta-based affiliate marketing network. Finixio confirmed that Kinser …

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HappyHour.io appoints Patrick Soric as Investment & Portfolio Partner

SBC News HappyHour.io appoints Patrick Soric as Investment & Portfolio Partner

HappyHour.io has confirmed the appointment of Patrick Soric as Investment & Portfolio Partner of the Malta-based igaming venture capital fund. An expert in corporate finance and private equity, Soric holds a distinguished career in investment banking in which he served as a former partner of Danske Bank (2018-2022) and Luxembourg’s Union Bancaire Privée (2022-2023). HappyHour.io cited: “As Investment & Portfolio …

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Intralot maintains ‘EBITDA resilience’ as leadership restructures debt

SBC News Intralot maintains ‘EBITDA resilience’ as leadership restructures debt

Intralot SPA maintains a stable outlook for year-trading, despite the Athens-listed technology group reporting continued revenue declines impacting its commercial performance. Publishing its latest year-to-date (YTD) report, Intralot corporate revenues stand at €280m, down 7% on 2022 comparatives of €301m. The decline in YTD headline revenues reflects the absence of discontinued Malta lottery (B2C) revenues, accounting for a decrease of …

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PressEnter recruits Phillip Bell as new commercial lead  

SBC News PressEnter recruits Phillip Bell as new commercial lead  

PressEnter Group continues to strengthen its executive management team by appointing Phillip Bell as Chief Commercial Officer (CCO).  Bell will lead the commercial development of PressEnter’s portfolio of challenger brands, which includes UltraCasino, NitroCasino, 21.com, XLBet and JustSpin. An expert in customer acquisition and devising ROI strategies, Bell joins PressEnter from igaming publisher QIH Group, where he served as Head …

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MGA launches dedicated ESG Code for online gambling

SBC News MGA launches dedicated ESG Code for online gambling

The Malta Gaming Authority (MGA) has announced a landmark initiative, becoming the first regulatory authority to introduce an Environmental, Social, and Governance (ESG) Code of Good Practice specifically designed for the online gambling sector. Hosting a press conference, MGA leadership cited: “The ESG Code seeks to serve as an instrument for self-regulation, helping remote gaming companies align with best practices …

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MGA begins CEO hunt as Carl Brincat confirms 2024 exit

SBC News MGA begins CEO hunt as Carl Brincat confirms 2024 exit

The Malta Gaming Authority (MGA) has formally announced that Carl Brincat will conclude his tenure as CEO in January 2024.  The announcement sees the MGA undertake an executive search to find Brincat’s successor, who has led the Maltese authority since January 2021 proceeding former CEO Heathcliff Farrugia. Prior to serving as CEO, Brincat held several prominent roles within the MGA’s …

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Intralot maintains EBITDA growth in H1 of B2C adjustments

SBC News Intralot maintains EBITDA growth in H1 of B2C adjustments

Intralot SA highlighted its enhanced operational earnings and cash flow despite commercial adjustments that affected its revenue performance. Releasing its H1 2023 interim trading results, the Athens-listed gambling technology group reported corporate revenues of €175m, a 14% decrease from the 2022 comparative results of €205m. The decline in headline revenues was mainly due to Intralot discontinuing its Malta business, which …

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