Driven by growth in its markets of Estonia, Latvia and Lithuania, Tallinn-listed Eastern European gambling operator Olympic Entertainment Group AS (Olympic) expects a 21% uplift in group revenues for its Q3 2016 performance (period ending 30 September). Presenting its Q3 2016 ‘unaudited’ results Olympic governance reports expected group revenues of €45 million (Q3 2015: €37.4 million). The Eastern European gambling …
Read More »Tag Archives: poland
RGA urges Poland to rethink turnover tax
Industry body The Remote Gambling Association (RGA) urges the Polish Government to change its online sports betting tax regime to one based on gross profits rather than turnover. The Polish Government adopted a Bill on 19 July to amend the existing online gambling law. Despite the stated objectives, which include reducing the size of the unregulated market, the Bill does …
Read More »Fortuna Entertainment reverses 2015 declines posting strong H1 2016
Updating the market on its H1 2016 interim results (unaudited period ending 30 June), Eastern European gambling operator Fortuna Entertainment Group (Fortuna) has revealed improved corporate results throughout its core metrics. Following a tough FY 2015, in which Fortuna financial performance was impacted by increased tax charges in its markets of Poland, the Czech Republic and Slovakia, the company was …
Read More »William Hill boosts development arm with Grand Parade £13.6 million acquisition
FTSE-listed betting operator William Hill has informed the market that it has agreed to acquire industry software development firm Grand Parade for a reported £13.6 million combined cash and shares deal. Confirming the deal, William Hill governance detailed that it had acquired Grand Parade with a view of bolstering its digital development capabilities as the company continues its corporate focus …
Read More »Poland adds further restrictions to online gambling framework
To the surprise of gambling stakeholders, the Polish government has rejected amendments to liberalise its online gambling framework, instead choosing to add further operator restrictions. With foreign operators expecting Polish regulators to add online casino and poker provisions to its online gambling framework, the Polish Council of Ministers announced that slot games would be restricted to play on state-owned lottery …
Read More »Totalizator Sportowy ‘Lotto’ nets Polish Ekstraklasa title sponsorship
Polish state-owned lottery operator Totalizator Sportowy has become the official title sponsor of the national Ekstraklasa league, the highest division of professional football in Poland. Agreeing sponsorship terms with the Polish Football Federation (PZPN), the sixteen team league will rebrand to the ‘Lotto Ekstraklasa.’ PZPN officials were pleased to have found a title sponsor ahead of the start of the …
Read More »ESSA joins forces with Sportradar to tackle Tennis match-fixing
ESSA and sports data and monitoring company Sportradar have joined forces to step up efforts to tackle match-fixing in tennis. It sees two of the foremost organisations in their field come together, pooling resources and expertise, and highlighting an ongoing commitment to rooting out corruption. The partnership will see the combined information from Sportradar’s Fraud Detection Service covering over 450 …
Read More »Hennie Blaauw: How Yggdrasil keeps pushing the boundaries on game design
Hennie Blaauw, Yggdrasil Gaming’s Creative Art Lead, discusses the process of creating a brand new title for the slot market and the freedom that the team has in the development. What’s the process for the design of a brand new game at Yggdrasil? How much input do you have? Does the design fit around the mathematics? Every game starts with the design …
Read More »Fredrik Elmqvist: Yggdrasil Gaming recruiting ‘the very best’
Yggdrasil Gaming CEO Fredrik Elmqvist discusses the reasoning behind the firm’s huge recruitment drive so far this year as the slot developer pushes across Europe. SBC: Hi Fredrik, it’s a pleasure to interview you. Can you detail to SBC readers the need for your European recruitment drive? Why is this initiative required for Yggdrasil operations? Fredrik Elmqvist: Quite simply because we are growing …
Read More »Yggdrasil Gaming to continue push into UK
Yggdrasil Gaming has further expansion plans for the UK to build on the slot developer’s strong start to 2016. The Swedish firm went live in the UK in Q1 and CEO Fredrik Elmqvist wants to see Yggdrasil’s games get a wider reach in the market. He commented: “We are already live with six operators in the UK and there will …
Read More »