Tag Archives: Stockholm

William Hill closes Stockholm Gametek office

William Hill Plc has begun the phased closure of its ‘Gametek Office’ in Stockholm, a decision the FTSE betting group has undertaken to simplify its operating structures. Issuing a statement to SBC, William Hill brands its Stockholm office closure as ‘a natural step’ in the firm’s integration of MRG Group assets within its wider organisation. William Hill will move to …

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Evolution Gaming tables ‘game changing’ €1.8bn buyout of NetEnt 

The board of NetEnt AB has confirmed that it has accepted an SEK 19.6bn (€1.8bn) acquisition offer put forward by Evolution Gaming AB.  The offer, priced at SEK 79.93 (€7) per share, will see Evolution move to acquire 90% of NetEnt’s corporate shareholding. Evolution’s intended offer represents a premium of 43% on NetEnt’s closing SEK 56.10 share price on the …

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GiG strengthens sportsbook profile as recovery blossoms

Following four consecutive quarters of decline, a reformed Gaming Innovation Group (GiG) has welcomed a return to performance growth. As part of its Q1 2020 trading update, the Stockholm-listed online gambling technology supplier explained that it is benefiting from a group transformation and cost savings programme implemented during 2019, as corporate revenues return to €31m (Q1 2019: €32m). Operational highlights …

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Catena Media praises cost-efficiency programme in strong Q1 report 

Catena Media said it has been able to navigate first-stage COVID-19 business complexities, as the company recorded a strong opening to year trading.  Reporting top-line growth across all core metrics, Stockholm-listed Catena recorded a 2% increase in corporate revenues to €26.7 million (Q12019: €26.1m).  Revenue performance was maintained by its casino segment, which contributed 61% of revenues during first quarter …

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Kindred suspends dividend payouts to protect company’s liquidity

Stockholm-listed Kindred Group Plc has reported a strong start to 2020 trading as part of a corporate update on COVID-19 developments but has been forced to suspend dividend payments as a result of the outbreak. Despite facing unprecedented circumstances, Kindred has forecasted group gross win revenues within the £247-252 million range, maintaining growth against Q1 2019’s £225 million.  This is …

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GiG lists SEK 400m bond on Stockholm Nasdaq

The governance of Stockholm-listed Gaming Innovation Group (GiG) has confirmed that it has secured the right to float a new SEK 400 million (€40m) bond placement with interest repayments due for  2022. Issuing a corporate filing, GiG governance details that it will begin trading its new bond arrangement on the Stockholm Nasdaq Exchange on 27 December 2019. GiG’s transaction has …

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GiG calls for a strategic review as B2B performance flops

Mirroring industry-wide trends, Stockholm-listed Gaming Innovation Group (GIG) reports that Swedish home market adjustments continue to impact its corporate performance. Publishing its Q3 2019 trading update (period ending 30 September), GiG records a 20% decline in corporate revenues to €30 million (Q32018: 37m). Closing October trading, GiG governance issued a Q3 pro-forma guidance detailing that it had been forced to reduce …

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Betsson moves on full CSR transparency by launching OneBetsson.com

Betsson AB has launched onebetsson.com, a new information portal detailing full transparency on the firm’s social responsibility directives and sustainability initiatives. Onebetsson.com will allow the public to access information and maintain progress on Betsson’s ongoing social commitments, partnerships, action plans and corporate social responsibility directives. Launching a key platform, Jesper Svensson, CEO for Betsson Operations, said: “At Betsson, we have …

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Tax burden weighs heavy on Betsson Q3 trading

Stockholm-listed Betsson AB reports a further trading quarter of corporate adjustments, as the online gambling group continues to experience multiple challenges across its core operating markets. Publishing its Q3 2019 trading update (period ending 30 September), Betsson continues to report ‘weak trends’ across Sweden and the Netherlands, recording an 11% decline in group revenues to SEK 1,275 million (Q3 2018: SEK …

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Scout Gaming launches Betflex ‘DFS Player Odds Sportsbook’

Stockholm-listed B2B fantasy sports supplier Scout Gaming advances its wagering capacity announcing the launch of ‘Betflex’ its proprietary built ‘player odds sportsbook’ function and ‘cross-selling tool’ on partner website FanTeam.com. Developed to advance partner cross-sell opportunities with traditional betting engagements, Scout Gaming launches its Betflex vertical a player odds sportsbook which allows customers to bet on players individual fantasy points collected …

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