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UK REGULATOR GREENLIGHTS EVOLUTION’S $2.26B NETENT ACQUISITION

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UK REGULATOR GREENLIGHTS EVOLUTION’S $2.26B NETENT ACQUISITION

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Live casino supplier Evolution has received the green light from the UK’s CMA to complete its proposed acquisition of casino supplier NetEnt. 

The approval from the UK’s Competition and Markets Authority (CMA) follows approval from the Malta Competition and Consumer Affairs Authority in September, and means the supplier can now move ahead with the deal, worth SEK 19.6B (approx. $2.26B USD).

NetEnt shareholders now have until 20 November to accept the offer, with Evolution saying it hopes to have made unconditional on 23 November, with settlement slated to start on 1 December. 

Evolution is the dominant force in Live Casino, while NetEnt, which also owns Red Tiger, is one of the world’s premier slot suppliers, giving the merged company a formidably strong position in the igaming sector, including in the rapidly emerging US markets. 

At the end of October, both Evolution and NetEnt reported dramatic revenue growth in the 3rd quarter of 2020. 

Staying with Evolution, last week the supplier became the first in the world to launch online live craps.

 

 

All original content featured on this site is © Pentagon Digital Limited, 2020.

With several years experience in the igaming and sports betting industries in Malta under his belt, over the last few years Oliver has developed a passion for blockchain and an interest in esports. He’s also a published novelist and has a background in art and photography.


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GREENTUBE ENTERS BELARUSIAN MARKET WITH GRANDCASINO

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Greentube, the NOVOMATIC Interactive division, has entered Belarus with online casino operator GrandCasino. 

Belarusian players can now enjoy online adaptations of iconic Multi-Gaminator titles such as Book of Ra™, Lucky Lady´s Charm™, Sizzling Hot™, and Dolphin’s Pearl™, and more content from Greentube Collections, an exclusive portfolio which encompasses all the supplier’s games series, is set to be integrated soon.

Many of Greentube’s slot titles will already be familiar with GrandCasino’s players through its well-established land-based casino. The operator was one of the first to be granted a Belarusian online license, when the regulated market launched in 2019.

Commenting on the news CFO/CGO at Greentube, Michael Bauer, said:

“NOVOMATIC games are market leading in the land-based sector in Belarus, driving domestic as well as neighbouring tourist gamblers to our Gaminator slots, and we are now pleased that we can also offer them online with such a renowned operator as GrandCasino. It has been a successful year for Greentube so far, and this partnership and market entry is another jewel in our crown as we continue to expand and grow in regulated markets.”

 

While Director of GrandCasino, Andrey Dvoretskov, added:

“GrandCasino aims to create an innovative and secure gaming platform for our customers where they can enjoy a high-quality range of games. Our offering has been significantly strengthened by adding content from Greentube, a leading provider of slot games. We are thrilled to be the first operator in the country to provide their premium titles and look forward to a fruitful partnership.”

 

Greentube has launched in several new markets this year, most recently Denmark and Paraguay, and has expanded its existing presence in several other European and Latin American countries. 

 

 

All original content featured on this site is © Pentagon Digital Limited, 2020.

 

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EVOLUTION LAUNCHES WORLD’S 1ST ONLINE LIVE CRAPS GAME

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Image credit: Evolution

Live casino solutions provider Evolution has launched the world’s first online Live Craps game.

Evolution has given the new game extra retro appeal by setting it in an authentic underground, speakeasy-style studio, and added new features to make the game more accessible for new players. 

Commenting on the launch Chief Product Officer at Evolution, Todd Haushalter, said:

“Craps completes the Evolution portfolio in terms of offering every game you can find in a land-based casino. Developing the game and capturing the unique excitement of the Craps table, but in an online setting, was a complex project. 

“The team has done a phenomenal job and we now have a fantastic finished product that I know will thrill Craps enthusiasts in the US, Europe and beyond, as well as attracting legions of new fans.

“We understand that not everyone knows how to play Craps. That’s why the game has both an ‘Easy Mode’ and a simple online interactive tutorial that clearly explains how to play and enjoy the game. Craps has been our most requested new game by both players and operators for years – now it’s finally here. I think players are going to love it.”

 

Staying with Evolution, earlier this month the company announced a partnership with FanDuel, significantly expanding its reach in the United States. 

 

AYO.NEWS says:

With the ‘new normal’ of the COVID-19 crisis severely disrupting land-based casinos around the world, and promoting people to look for online human interaction, live casino has seen significant growth over the past six months or so. But, despite this, most providers have simply expanded their capacity, so kudos to Evolution for bringing a totally new game to the virtual casino floor. 

We wonder if the speakeasy theme is a subtle nod to the secret bars and clubs now springing up all over the world, as people attempt to avoid COVID regulations?

 

 

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 
All original content featured on this site is © Pentagon Digital Limited, 2020.

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FLUTTER’S VAUGHAN LEWIS TO JOIN 888 AS CHIEF STRATEGY OFFICER

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888 Holdings has announced Vaughan Lewis will be joining the company as Chief Strategy Officer. 

Lewis is currently with Flutter Entertainment, where he has been transformation lead following its acquisition of The Stars Group in May 2020, and is expected to join 888 early next year to take on the newly created role. 

Before Flutter, Lewis held several senior positions, including SVP of Communications at The Stars Group, and Director of Corporate Development at Sky Betting & Gaming.

As Chief Strategy Officer, Lewis will be responsible for developing 888 Holdings’ long-term strategy, including mergers and acquisitions. He will also be managing investor relations, and work with the CFO to develop relevant strategies. 

Commenting on the news 888 Holdings CEO, Itai Pazner, said:

“We are delighted to welcome Vaughan as 888’s first CSO. Vaughan is a highly experienced gaming industry professional with a wealth of relevant expertise across both strategic development and investor relations.

“I have no doubt that his skills and background will support 888 to identify and deliver further growth opportunities over the coming years.”

 

While Lewis himself added:

“888’s unmatched scalable technology, coupled with its strong brand and marketing expertise have supported its growth to become an industry leader, and provide a powerful platform that underpins the Group’s significant continued growth potential. I am delighted to join a great team and to help drive forward the compelling growth opportunities that lie ahead.”

 

Staying with 888 Holdings, in October the group confirmed its interest in acquiring William Hill’s European businesses from Caesars Entertainment, when its planned $3.72B USD acquisition of the British bookies has been completed. Caesars had previously announced it only intended to keep William Hill’s US operations. 

 

All original content featured on this site is © Pentagon Digital Limited, 2020.

 

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REAL DEALER STUDIOS TO LAUNCH NEW CASINO FORMAT IN BELGIUM, DENMARK & SWEDEN

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Image credit: Real Dealer Studios

Casino game producer Real Dealer Studios has gained certification for launch in Belgium, Denmark, and Sweden.

Malta-based Real Dealer Studios creates games that combine Random Number Generator (RNG) mechanics with movie-style cinematography, using professional film crews and a real private casino as a set. 

The studios’s roulette titles are now available to operators in Belgium, Denmark, and Sweden. Featuring named dealers (Sarati, Bailey, Holly, and Caroline), the company says its games create a one-on-one feeling between the player and the dealer, in sharp contrast to the typical live studio ambience. 

Commenting on the news sales manager at Real Dealer Studios, Christoffer Melldén, said:

“We are delighted to have secured certificates for Sweden, Denmark and Belgium, which we have identified as key markets under our international growth plan.

“Our casino games are truly unique, combining cinema and casino in a way that has not been achieved before. We look forward to working with operators in this trio of markets and for their players to experience our titles for the very first time.”

 

All original content featured on this site is © Pentagon Digital Limited, 2020.

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ORYX GAMING TAPS COMPLITECH DATABASE TO ASSIST REGULATED MARKET ENTRIES

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Omni-channel turnkey supplier Oryx Gaming has partnered with Maxima Compliance to assist new market entries. 

The deal will give Slovenia-based Oryx Gaming access to the Complitech compliance database, which includes all technical compliance requirements for nearly 30 regulated markets, and a suite of tools to perform gap analysis. 

According to Maxima Compliance, Complitech users are able to enter regulated markets on average 60% faster than others, and net considerable cost savings in the process. 

Commenting on the news Oryx Gaming CEO Matevz Mazij, said:

“In regulated markets, meeting technical compliance requirements faster and more efficiently is a significant competitive advantage for Oryx Gaming.

“This is why we are so excited to be using Complitech, a one-of-its-kind tool which is already helping us make more informed strategic decisions about future market entries.”

 

While Maxima Compliance Managing Director, Antonio Zanghi, added: 

“Oryx Gaming is not only one of the most innovative and fastest-growing suppliers around, but also a company which takes a modern approach to compliance.

“So, we are thrilled to see Oryx utilising Complitech to create additional efficiencies and cost-savings. We continue to build new features into Complitech, and will work closely with Oryx to ensure it delivers exactly what is required.”

 

Complitech launched earlier this year as the gaming industry’s first technical compliance database. It lists over 10,000 requirements from almost 30 regulated markets.

 

All original content featured on this site is © Pentagon Digital Limited, 2020.

 

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SWEDISH GOV’T PLANS TO EXTEND ‘TEMPORARY’ GAMBLING RESTRICTIONS THROUGH JUNE 2021

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Ardalan Shekarabi (Image credit: Kristian Pohl/Government Offices of Sweden)

The Swedish government has proposed to extend the current emergency online gambling restrictions through June 2021. 

Originally introduced under the pretext of protecting players from developing gambling problems during the long hours stuck at home during the COVID-19 crisis, the restrictions have been repeatedly slammed by operators as cynical and politically motivated. 

Now, a memorandum, which has been submitted for consultation until 23 November 2020, proposes the extension of the “temporary measures”, including the SEK 5000 deposit limit, until the end of June 2021. 

Supporting the proposal, Minister of Social Insurance, Ardalan Shekarabi, said:

“We see that the development of covid-19 is going in the wrong direction in several parts of the country. The situation is very serious. In the wake of the pandemic, we see continued risks in the area of ​​gambling, which means that we need to act to reduce the risks for vulnerable consumers.”

 

AYO.NEWS says:

When Shekarabi and co pushed these measures through, we predicted they would turn out to be less “temporary” than advertised, and it looks like we were right. Given the fact that all the restrictions have done is push vulnerable gamblers into the arms of unlicensed offshore operators, where they are completely unprotected, it is difficult to see how the extension of these restrictions can be justified. 

Nevertheless, we expect they will be pushed through by zealots like Shekarabi, and furthermore, we wouldn’t be surprised if they are extended again when June comes.

 

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 
All original content featured on this site is © Pentagon Digital Limited, 2020.

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