Since Google announced the launch of Alphabet, it’s been all the rage for brands to create parent holding companies which allow them to expand in new areas without compromising their established presence. The latest company to follow in this new tradition is Yggdrasil Gaming – the Swedish online and mobile slots developer which has gone from strength to strength since its launch roughly three years ago. This week the developer announced it will be creating a brand new company to be based in Stockholm, which will encompass Yggdrasil, and any new brands they choose to launch.
Online sportsbook behemoth Coral Interactive have found themselves in trouble after players complained to the ASA (Advertising Standards Authority). The complaints concerned two separate promotions, which offered free bets. A total of five players complained, all feeling like the brand falsely advertised promotions in June, which were ran to capitalise on the Euro 2016 tournament. Continue reading
It’s one of the universal truths of mobile and online gambling that when the industry is doing well, players reap the windfall; that when the companies that run mobile casinos or make slots are booming, we enjoy the benefits of this success. That’s why this week should be looked at as great news by players, as a number of the largest igambling companies have revealed rising and record turnover in the second quarter and first half of the year.
Well, this is a surprise! Long-time betting operator William Hill (known profusely for their hundreds of high street betting shops) and online mobile operator behemoth 888 casino have announced their plans to join forces in a consortium deal worth £3bn — this having come after the news of William Hill's CEO got the sack last week after failing to optimize their online outlets. These two giants becoming one will have enormous repercussions on the industry and that can only be a good thing for the player.Continue reading
The EU referendum has come and gone, and while there's a lot of details to sort out in the near future, Gibraltar is already feeling the hit of the decision. Gibraltar, a UK territory which became the host of one of the largest online gambling industries in the world due to its low corporation tax, is set to lose its EU membership.
As a side effect, Gibraltar will also be losing their EU gambling licences, making it much more complicated for casinos situated there to have gambling agreements with large gambling markets such as Germany. Because of this, operators are becoming nervous and turning to alternative EU states like Malta, to continue operating within the Euro zone. Continue reading
There's no question that as technology moves forward so does everything else, including the online gambling industry. Trying to constantly find innovation in an already saturated industry provokes a desperate need to remain relevant and to stand out from the crowd. Fortunately, this mentality allows for some pretty ground-breaking and industry-changing landmarks in market. Betway casino proves to be no different as it has taken the next step into innovation through their new and improved Live Casino.Continue reading
Casino software giant Playtech has agreed a deal to acquire Quickspin, the slot games studio. The agreement with Playtech involves a capped €50 million payment, which will be given to Playtech across the next 2 years.
An initial payment of €24 million will be made to obtain 100% of Playtech's shares, followed by a further €26 million, as part of an earnout basis, depending on Quickspin's earnings before interest, tax, depreciation and amortisation (EBITDA) during 2017 and 2018. Continue reading
The long awaited merger between Ladbrokes and Gala Coral has finally been approved by the Competition and Markets Authority (CMA). The agreed merger has come at a cost however, with the two companies ordered to sell off 400 of their high street bet shops before the merger can go through.
The merger had been previously attempted back in 1998 and has been in the pipeline once again since July last year. It has been postponed by the CMA amid fears of the merger causing a monopoly, a worry that the bet shop sale condition has apparently solved. Continue reading
There's this software company you may have heard about. Oh, it's no one special. They're only one of the biggest providers of online poker currently around. Amaya, a Canada-based organisation that started from nothing, has grown year upon year since its inception and now many websites such as PokerStars and many other high-profile online poker sites.
Recently, it has come out with reports of an immense surge in all its finances year-on-year despite running into “unexpected challenges”. Why does this matter to the average online poker-player? And why should this matter to anyone else? Because it signifies the ever-expanding growth of this industry and that could mean only good things are to come.
Leo Vegas Casino and B2B sportsbook technology provider, Kambi Sports Solutions, agreed a deal to bring a sportsbook feature to Leo Vegas Casino back in January. This week, that deal has come to a head and Leo Vegas' own sportsbook will be releasing as Leo Vegas Sport.
This is a huge step for Leo Vegas, who has previously only had casino games on offer, which included table games and slots. Leo Vegas already has some very basic features of the sportsbook available to play with, but the full on release will drop this Friday.