The Malta Gaming Authority (MGA) has published its Annual Report, providing a breakdown of its supervisory activities, regulatory objectives and policy initiatives undertaken during the financial year ending 31 December 2021. The report outlines the MGA’s evaluation of achievements and performance governing its licence holders who operate across multiple European online gambling jurisdictions. 2021 saw the MGA carry out 54 …
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IGT completes €160m takeover of iSoftBet
The board of IGT Plc has notified investors that the NYSE gambling technology group has completed its acquisition of iSoftBet in a cash deal worth €160m. Last April, IGT entered definitive terms to acquire Malta-based, games developer and online casino solutions provider iSoftBet – deemed as an essential transaction to bolster IGT’s interactive unit. Of significance, the acquisition of iSoftBet …
Read More »National Lottery of Malta secures home-based supply deal with EveryMatrix
National Lottery plc has signed an agreement with B2B betting and igaming firm, EveryMatrix, which has been chosen to provide online games to the National Lottery of Malta. The National Lottery recently gained the ability to manage and operate the National Lottery of Malta, which for the first time in 18 years will be run by a fully-owned Maltese company. …
Read More »Altenar launches scale-proof next-gen retail betting terminals
Altenar has announced that it has developed a new in-house retail terminal system for sportsbook operators that is ready for commercial launch. The Malta-based technology group has designed its retail offering to provide incumbents with the first next-gen terminal solution which includes a fully customisable on-screen UX. The terminal solution has been developed to provide all levels of retail clients …
Read More »PressEnter recruits ‘growth pro’ Nicolas Renaux as Head of Strategy
PressEnter Group has strengthened its senior management team, confirming the appointment of Nicolas Renaux as Head of Strategy and Business Development. Renaux will be charged with spearheading the commercial development of PressEnter Group’s portfolio of challenger igaming brands that include 21.com, Neon Vegas, RapidCasino and NitroCasino. A former long-term executive of Kindred Group, Renaux previously led group commercial development and …
Read More »Intralot narrows Q1 losses as group reorganisation improves balance sheet results
Intralot SPA continues its recovery momentum into 2022 trading as its core business units and global divisions maintain growth benefitting from the group’s capital restructuring programme. Publishing its Q1 trading update (period ending 31 March), the Athens-listed gambling technology group registered corporate revenues of €415m – up 20% on corresponding 2021 results of €345m. The €70m increase in consolidated revenues …
Read More »Malta requires Hungary to clarify licensing conditions to EU member states
Malta has become the first EU member state to submit a ‘detailed opinion’ on Hungary’s draft proposals to reform its online gambling laws, ending its state-owned monopoly regime. Last February, the government of Hungary notified the European Commission (EC) of its plans to review draft proposals that will establish a new regime liberalising its domestic online gambling marketplace. Back in …
Read More »Nicky Abela: Fast Track – AI and machine learning explained…
Artificial intelligence (AI) and machine learning (ML) are often referenced in discussions about the future of the igaming industry. We spoke to Nicky Abela, Producer at Fast Track, to get a better understanding of the applications for this technology in player engagement and how the company is helping operators prepare for a future of machine learning-powered CRM. SBC: Can you …
Read More »More German woes as Frankfurt court backs gambler’s claim against online casino losses
A flood of lawsuits could be on the horizon for German online gambling incumbents, as the High Court of Frankfurt supports a ruling that an online casino customer was entitled to reclaim losses. Brought to light by German weekly news magazine Spiegel, a gambler from the region of Hesse had made a claim against a ‘Malta-based operator ‘declaring that his …
Read More »IGT expands online casino suite executing €160m takeover of iSoftBet
IGT Plc has moved to expand its B2B online casino offering, by securing definitive terms to acquire Malta-based online casino solutions provider iSoftBet. This afternoon, the board of IGT notified investors that it has agreed on a €160 million cash deal to acquire iSoftBet – undertaking an acquisition that will “more than double the IGT PlayDigital content library to approximately …
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