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 …
Read More »Tag Archives: malta
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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »MGA bites back against criticism of Bill 55 legislative amendments
The Malta Gaming Authority (MGA) has sought to convey ‘clarity, accuracy and transparency’ regarding recent criticism of amendments to the Maltese Gaming Act, known as Bill 55. A statement from the regulator addressed ‘recent remarks shared by sections of the media’ about Bill 55, which would add a new article to the Gaming Act. In particular, the MGA stressed that …
Read More »GGL brands Malta Bill-55 a “protective shield incompatible with EU laws”
Gluecksspiel (GGL), the Federal Authority of German gambling, maintains its opinion that Malta’s ‘Bill-55’ is incompatible with European Union laws and member-state protections. Signed in June by Malta President George Vella, Bill-55, titled the “Gaming Amendment Bill’ allows Maltese courts to “refuse the recognition and enforcement of foreign judgements related to the online gambling sector.” As such, the Act prevents enforcement …
Read More »WeAreGame: Delivering a full spectrum of sportsbook and igaming solutions
Tim Scoffham, CEO of the newly-launched WeAreGame brand, offers some insight into the creation of the company, its core values and expectations for emerging markets such as Brazil. SBC: You recently announced the formation of the WeAreGame brand. Can you tell us more about the two organisations behind the launch, WeAreTechnology Group and BelloaTechnologies? Tim Scoffham: WeAreTechnology Group provides premium …
Read More »ComeOn promotes Owen Parry to lead customer engagement
ComeOn Group has announced the internal promotion of Owen Parry as new Head of Customer Engagement. Parry has formally led ComeOn’s central promotion team as Head of Customer Proposition over the past year. He will now shift focus to overseeing customer engagement operations, working across the group’s multi-brand portfolio. As part of its growth strategy, ComeOn has emphasized identifying and …
Read More »