The Constitutional Court of Latvia has ruled that commercial restrictions imposed by the municipality of Riga on licensed gambling venues are unlawful. Latvia’s judiciary was ordered to intervene and review the plans of the Council of Riga to shut down 139 gambling venues operating in the capital city. The order was authorised by the city’s council, which approved a decree …
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The newly rebranded MRG Group (formerly Mr Green & Co) has confirmed that it has agreed to acquire Latvian online gambling firm 11.lv. Updating the market, the governance of MRG has agreed to acquire a 75% stake in 11.lv for €2.8 million cash, valuing the Latvian operator at €3.7 million. The acquisition sees MRG expand its presence within the Baltics …
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Publishing its full-year 2017 results (period ending 30 December) FTSE250 gambling technology supplier Playtech Plc has delivered metric growth in-line with corporate expectations, despite facing headwinds in both its regulated and unregulated operations. The industry technology provider reports full-year 2017 group revenues of €807 million, up 14% on corresponding FY 2016’s €708 million. Closing its 2017 accounts, Playtech governance declares …
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Dench eGaming Solutions, the turnkey gaming platform with an iGaming focus, has announced its entry onto the regulated Latvian online gaming market. Going live with Klondaika.lv in April of this year, Dench are set to supply the firm with its Core gaming platform, and the fully automated marketing instrument Giselle. The deal is set to see Klondaika promote its products, …
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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 …
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Sky Betting & Gaming has renewed its partnership with Playtech by agreeing a multi-product deal which extends across Playtech’s dedicated Live Casino environment. The long-standing partnership has facilitated year-on-year growth within gaming, live and bingo verticals at Sky Bet, who recently picked up an inaugural award recognising marketing excellence and innovation across the Playtech Casino network of global licensees. For example, …
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Updating the market, Estonian gambling operator Olympic Entertainment Group (OEG) has completed the liquidation of Belarusian subsidiary Olympic Casino BEL as the company completes its full Belarus exit. Issuing a short corporate statement, OEG governance detailed that its market exit would have no impact on its group performance and that the firm had no remaining interest or assets in the …
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Stockholm Nasdaq-listed live gambling solutions provider Evolution Gaming has confirmed that Chief Operations Officer (COO) Svante Liljevall has resigned from his executive role following eight years of service. The departure of Liljevall who has served as COO since 2008, sees Evolution Gaming lose one of its longest-serving executives. Liljevall had been a key stakeholder in the company’s international growth …
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Genting Alderney, the online casino division of Genting Group, has announced the launch of its brand new Live Casino product, available at www.gentingcasino.com. Streamed from a dedicated studio environment hosted by Evolution in Riga, players can anticipate the same quality in their contact with dedicated Genting tables online as within the group’s UK network of 45 land-based casinos, including dealers trained …
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Igaming content and live games supplier Evolution Gaming has announced that it has purchased further floor space for its Riga (Latvia) offices. The move was sanctioned by the Board of Directors with a view to accommodate Evolution’s growing operations. The additional floor space purchase will amount to a total of €12.4 million. Evolution noted that it had been a tenant …
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