Tag Archive : Announces

Flutter announces Stars Group acquisition to be completed 5 May

Flutter Entertainment has announced its acquisition and merger with The Stars Group (TSG) will be completed on 5 May.

The deal will see Flutter acquire all TSG’s issued and outstanding shares, to create a merged entity worth £3.8bn ($4.7bn), which was first announced last October.

Last week, 99.9% of TSG shareholders voted to support to special resolution, with Flutter shareholders voting 99.19% in favour, a week prior.

Flutter has now received all of the remaining regulatory and competition authority clearances, with trading on the London Stock Exchange’s main market for listed securities, and Euronext’s Dublin Main Securities Market, to commence at 8am on 5 May.

The combined business will initially have five reporting segments, including TSG International – excluding current US operators – Sky Betting and Gaming and Paddy Power Betfair (PPB)

Flutter anticipates the Group will report 2020 full-year earnings on that basis, before moving to a four-divisional operating structure, merging TSG International operations with PPB. Paddy Power will then move into a new UK & Ireland division, along with Sky Betting and Gaming.

Flutter CEO, Peter Jackson, said: “The enlarged group brings together exceptional brands, products and businesses, a hugely talented and experienced team, and a diverse global presence.

“The strength of our combined portfolio of assets means that we approach the future with confidence in these uncertain times.”

Northern Lights Announces Yggdrasil GATI Deployment

Online gaming studio Northern Lights has picked Yggdrasil’s GATI (Game Adaption Tools & Interface) standardization technology as its go-to market interface to deliver on its global growth business strategy.

Northern Lights is part of Yggdrasil’s YG Masters partner program.

GATI is one of the latest innovations introduced by Yggdrasil. The technology is language agnostic and standardized and enables online casino game development studios to quickly and securely build and distribute content across Yggdrasil’s ever-growing global distribution network.

Partners of the iGaming software provider that choose to integrate to GATI, Northern Lights included, can cross-sell their games to any global Yggdrasil Franchisee.

Yggdrasil’s unique new model enables partnering studios to swiftly scale distribution and pursue greater revenue opportunities. At the same time, they are presented with new and innovative ways of working and collaborating with fellow iGaming studios.

Yggdrasil’s GATI technology was introduced within the company’s new Yggdrasil Publishing division, which commenced operations early this year. The online gaming provider’s Publishing arm provides three core value propositions – YG Franchise for platform IP licensing, YG Masters for game development and distribution, and YG Game IP for game IP licensing.

Experienced iGaming industry executive Björn Krantz, an ex-COO at NetEnt, is leading Yggdrasil’s Publishing business. Mr. Krantz said earlier that Yggdrasil Publishing is a ground-breaking global licensing business that significantly changes [their] and the industry’s approach to content creation, publishing, and distribution.”

Complete Control of Development Process

As an YG Masters partner, Northern Lights is offered access to GATI and is able to use its “preconfigured, regulation-ready, standardized content development toolkit.” The studio, just as all other YG Masters partners, is thus able to develop and distribute online casino games to operators and players located anywhere in the world.

As explained by Yggdrasil itself, its GATI technology serves as the “enabler” of its Decentralized Aggregation Network and this allows any Yggdrasil Franchisee, no matter where around the globe, to collaborate using GATI and to share its game roadmap with counterparts.

Commenting on their choice to develop games on the GATI platform, Northern Lights CEO Andrew Goodale said that they are very excited and that the technology and its “unique collaborative business model” would enable them to take their business to another level.

Mr. Goodale went on to say that GATI would give them complete control of the entire development process and how they design their games “without having to make any compromises.”

Yggdrasil Head of Partner Strategy and Sourcing Stuart McCarthy commented that their GATI technology is a “complete game changer” for their partners as it offers them complete control over the “rapid development and fully scalable deployment of their games onto our systems and standardized technology, that are fully compliant and packaged ready for distribution to our rapidly expanding operator and Franchise networks.”

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Big-money players fall as Paf announces 4% profit growth

Paf has seen revenue made from customers who lost at least €30,000 ($32,630) in 2019 fall 67% year-on-year to €3.2m.

The number of customers who lost €30,000 or more last year gambling with the operator dropped from 0.13% to 0.04%.

Last October, Paf announced it was setting mandatory loss limits of €25,000, down from €30,000. The initiative saw the operator become the first to set maximum loss limits, first announced in 2018.

Revenue from those losing between €0.01 and €8,000 increased 10% to €79m. Total gross gaming revenue (GGR) for the operator rose 4% in 2019 to €102.8m, with total profit increasing to €25.6m, also a rise of 4%.

The operator also announced its to provide a dividend of €40m, comprising of profits from 2019 and previous years, which will go to government of Åland, to help with the impact of the coronavirus.

Paf Chairman Jan-Mikael von Schantz, said: “We would like to express our sincere thanks to the management and staff for their excellent work. The importance of Paf’s contribution to society appears to be extraordinarily high in situations such as these.”

Speaking about revenue from high-earning players decreasing, CEO Christer Fahlstedt, added: “We believe in openness and that openness gives strong credibility to discussions about responsible gaming. We are proud and happy that our development is going in the right direction.”

Paf won the Global Gaming Award for corporate responsibility at the Global Gaming Awards London 2020 for its player loss limits.

However, critics have suggested Paf’s scheme curbs VIP revenue from those who can afford it but does little to reduce problem gambling at the lower end of the revenue scale.

Relax Gaming Announces Powered By Deal with DreamTech Gaming

Online casino content supplier and aggregator Relax Gaming today announced that a new iGaming studio has joined its Powered By program for commercially independent partners.

Relax Gaming has teamed up with DreamTech Gaming to integrate exciting new content from the developer.

The recently penned deal will provide DreamTech Gaming with access to its partner’s vast and ever-growing distribution network which includes a number of online gaming operators. In addition, DreamTech Gaming will help Relax Gaming add an even wider choice of casino games to its platform.

DreamTeam Gaming was founded in 2017 and has since day one been working diligently to continuously expand its presence in major European markets. The company boasts a strong portfolio of high-quality and extremely versatile online casino content which focuses on unique game mechanics and themes.

Through its Powered By program, Relax Gaming will be able to add hit DreamTech Gaming-developed slot titles such as Legendary Tales and Blood Wolf.

This latest collaboration marks a period of significant growth for Relax Gaming and its Powered By program. The content provider has announced a number of commercial agreements in recent months in a bid to help hand-picked casino suppliers leverage Relax Gaming’s scalable technology and integration platform.

Providing Partners with Content that Excels in Quality and Originality

Commenting on their latest important partnership, Relax Gaming CPO Simon Hammon said that they are resolute in their mission to provide their operator partners with “casino entertainment that excels in quality and originality” and that their collaboration with DreamTech Gaming adds a wide selection of innovative content” to their platform.

Relax Gaming will thus be able to further diversify its offering, Mr. Hammon went on to say, and is looking forward to working closely with DreamTech Gaming and helping the supplier grow its business in major European markets and beyond.

DreamTech Gaming CEO Thomas Lu added that Relax Gaming is “a rapidly growing powerhouse of content distribution” and they are thrilled to establish this new partnership.

Mr. Lu also pointed out that player experience is at the core of their values and that they have a “strong focus on unique, innovative game design and compelling gameplay.”

The DreamTech Gaming CEO further noted that their new partner’s “considerable market reach is the perfect complement to our brand, with the capacity to distribute our products to new markets and audiences” and that they are looking forward to building on a “prosperous future” together with Relax Gaming and deliver the many exciting projects they have in the pipeline.

Relax Gaming currently provides its clients with a portfolio of more than 1,000 casino games, including quality aggregated content from its Silver Bullet and Powered By partners as well as from its in-house studios.

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Binance Announces P2P Trading for Indian Rupees and Indonesian Rupiah

Global cryptocurrency exchange Binance enters into the Indian and Indonesian markets; adds P2P trading support for Indian Rupees (INR) and Indonesian Rupiah (IDR). 

As a part of its global expansion plan, cryptocurrency exchange Binance is now foraying into the Indian and Indonesian markets. Binance recently announced that users will now be able to execute P2P trades for Indian Rupees (INR) and Indonesian Rupiah (IDR).

Both INR and IDR will be available for trading on the exchange’s website and mobile app. Moreover, these will be compatible with 5 trading pairs – Bitcoin (BTC), Ether (ETH), Tether (USDT) Binance Coin (BNB) and Binance Dollar (BUSD). 

Binance CEO Changpeng Zhao stated, “On Binance.com,  we offer our users various fiat-to-crypto access, and P2P trading is a simple approach for users to buy and sell crypto in multiple payment methods. Moreover, users can earn profits from trading cryptocurrencies with other users or verified merchants on the Binance P2P trading platform.” 

He went on to add, “India and Indonesia are two of the largest emerging markets with tremendous potential in crypto adoption, and we are pleased to empower the massive population with easy-to-use crypto access,”

Binance’s activity in India and Indonesia

Last year, Binance acquired Indian crypto startup WazirX, and as a part of that partnership, Binance enabled India users to directly place orders for buying USDT against INR. 

Binance also rolled out an Indonesian version of the Binance Academy (Binance’s educational initiative) in February 2019. 

The recent announcement about adding support for INR and IDR can be linked to Binance’s prior investments in both India and Indonesia. It seems that Binance had identified the crypto potential in both these countries quite a long time ago. 

As of now, Binance supports P2P trading for 20 national fiat currencies. It claims that more than 200 P2P merchants are using the platform, thus reaping benefits like zero fees on security deposits and targeted customer support. 

 

Ethereum’s PoS Developer CasperLabs Announces Own blockchain

According to a recent announcement, CasperLabs has decided to launch its own blockchain in collaboration with Singapore-based crypto exchange BitMax. CasperLabs is also the firm that is responsible for developing Ethereum’s Proof of Stake mechanism. 

Through CasperLabs’ Exchange Validator Offering (EVO), retail investors will get access to CLX tokens. As a part of the collaboration, BitMax will also offer a full node of the network to enable staking for retail sale participants. 

The total supply of CLX tokens will be 10 billion and investors will have access to 10% of those. After the mainnet launch, CasperLabs will roll out 20% of the total supply for circulation in the first year. 

The mainnet is scheduled to be launched in the third quarter of 2020, and all purchased tokens will have a 90 day lockout period after the launch. During this period, these tokens will participate in validator staking and earn staking rewards. Once the lockout period is over, the tokens will be rolled out gradually over the next nine months at a rate of 1/38th per week. Furthermore, BitMax announced that the sale will have a target of 3,000,000 USDT. You can know more about CasperLabs blockchain here

During the EVO, CLX tokens will be sold at $0.01 each, and the public sale later will be set at a minimum price of $0.02 per token.

The announcement further explains the sale mechanics, “CasperLabs has made no token offerings to date and all funding has been conducted via a standard Series A equity financing. The decision not to sell tokens was based on ensuring open access to the underlying system. […] CasperLabs, together with BitMax.io, is taking a novel approach to challenging the status quo of staking power consolidation amongst institutions by conducting the industry’s first EVO.”

CasperLabs CEO Mrinal Manohar clarified that the platform is specifically built to scale blockchains without losing decentralization and security.

Last year, CasperLabs nabbed in $14.5 million for its blockchain scalability solutions. 

Relax Gaming Announces Appointment of Nadiya Attard as Director of Sales

Relax Gaming, iGaming aggregator and supplier of unique content, has appointed Nadiya Attard as Director of Sales to push forward on its global expansion strategy and realise new growth opportunities.

Assuming the position on 30th March, Attard brings over 15 years of B2B and B2C online gaming experience to the company, having held several senior positions at NetEnt, which she joined in 2013 after five years with Betfair, as well as Pari Match, Marathonbet, and Microgaming.

During her tenure as Director of Business Development at the casino games supplier, Attard was a driving force behind its sales department, having played an instrumental part in its commercial success and global expansion into new and regulated markets.

She joins Relax Gaming at an exciting time in its business journey after the company has significantly expanded its geographical reach this year and grown its portfolio with the addition of several tier one operators and reputable platform providers.

Daniel Eskola, CCO at Relax Gaming, said: “Nadiya’s track record for delivering results and going above and beyond targets is admirable. We are thrilled that she is joining the Relax team and are positive that with her ability to develop long-lasting business relationships she will further the company’s success and make a huge contribution to our future growth. 

Nadiya Attard, Director of Sales, said: “Relax Gaming’s reputation for being a forward-thinking, progressive company makes it a fantastic business to be a part of and I’m looking forward to working with some of the most innovative thinkers in the industry. Relax is already growing rapidly so now is the perfect time for me to help accelerate its success.

“I feel motivated by the opportunities and challenges that lay ahead, and together with all the team I’m convinced that we can transform possibilities into realities. When a product and company’s reputation is this strong, it is a pleasure to be a part of.”

Relax Gaming provides its partners with a selection of over 1000 premium casino games, including high-quality aggregated content from selected Powered By and Silver Bullet studios along with its innovative proprietary products.

CoinTracker Hits 100K Users; Announces Six New Partnerships

As per the latest reports, CoinTracker has surpassed the landmark of 100,000 users. The Cryptocurrency portfolio tracker and tax calculator have also landed by six new partnerships over the last month. Apart from the existing partnerships with Coinbase and Turbotax, CoinTracker has now collaborated with Casa, Compound, Crypto.com, ErisX, IDEX, and Lolli. 

About the Partnerships

As a part of its collaboration with Casa, CoinTracker is offering users with multi-signature facility. On the other hand, the partnership with Crypto.com is aimed to enable users to report cryptocurrency holdings. 

While ErisX users will be able to directly share CoinTracker profile to tax professionals, the tie-up will Lolli will allow users to import transaction history CSVs directly into CoinTracker.

Growth of CoinTracker Amid COVID-19 Pandemic

Chandan Lodha, co-founder of CoinTracker confirmed the news of crossing 100,000 users through a blog post yesterday. He is of the opinion that the bear market due to COVID-19 has acted as a catalyst in the recent growth of CoinTracker. Having said that Chandan seemed pretty optimistic about the future of crypto.

He commented, “What we have uniquely seen with cryptocurrency though, is a surge of retail demand for new users trying to buy the dip. Along with this surge in demand has been increased desire from cryptocurrency platforms to have a compliant tax solution for their users.”

Chandan also stressed on the fact that, despite a lot of skepticism around the credibility of cryptocurrency, the future is pretty bright. He said that crypto is gaining credibility with more number of everyday people using it in a tax-compliant manner. 

He concluded by assuring users about the ease with which they can use crypto in the very near future –  “We are also helping users sync over 175,000 connected wallets and exchanges, and over $20B in cryptocurrency transaction volume. One of the figures we are most proud of is the $600M+ that we have helped users claim in capital losses on their taxes.”

Push Gaming Announces GVC Casino Content Supply Deal

Online casino games supplier Push Gaming has partnered up with major gambling group GVC Holdings to supply its games to the operator’s brands.

The integration of Push Gaming titles will happen in several phases. The first phase will see GVC’s online gaming brands, including Ladbrokes, Coral, and bwin, go live with a selection of titles from the developer’s ever-growing portfolio.

The remainder of games will be rolled out in the coming months. This means that players across GVC’s brands will gain access to hit Push Gaming titles such as Jammin’ Jars, Razor Shark, The Shadow Order, and Immortal Guild, among others.

The integration of content will happen via the supplier’s proprietary gaming platform.

The deal with GVC is the latest major partnership announced by Push Gaming as the company is transitioning from a boutique game developer to a full-service supplier of products for the online gaming industry.

As part of its evolution, Push Gaming recently debuted a new logo. The company says that it is part of its growth strategy to foster innovations across the key features of its own iGaming platform and harness new in-game mechanics for better player acquisition and retention.

Looking Forward to Entertaining GVC Players

Push Gaming CEO James Marshall said that they are pleased to be teaming up with GVC and to be providing their games to players at “some of the most popular and successful online gambling brands in the world.”

Mr. Marshall went on that their content has proved to be a big hit with a wide range of online casino players and that they “look forward to entertaining and exciting GVC’s customers.”

Push Gaming has offices in London and Malta. Earlier this year, the company obtained a Game Host license from the UK Gambling Commission and a B2B license from the Malta Gaming Authority for its proprietary iGaming platform.

The supplier said that the licenses were an important milestone in its transition and its strategy to implement innovation by combining “great graphics, intelligent maths and state of the art game mechanics.”

Push Gaming plans to roll out a plethora of new gaming titles this year, in addition to platform-level innovations, following the recent acquisition of Game Server Integrations (GSI).

Last month, Push Gaming announced a partnership with Boom Casino, a newly launched brand that is part of the Hero Gaming online casino group. The partnership included an exclusive promotional bonus campaign offering a bonus round on Push Gaming’s hugely popular Jammin’ Jars title and aimed to spread the word about the new online gaming operation.

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GAN Announces Michigan Online Casino Market Entry

Provider of online gambling software GAN today announced that it is set enter another state as part of its strategy to grow its regulated presence across the United States.

The European company said today that under a recently signed partnership with the Sault Tribe Chippewa Indians and following the legalization of online casino-style gaming and online sports betting in Michigan, its technology would power the tribe’s online gambling effort.

The Sault Tribe of Chippewa Indians is a federally recognized Native American tribe that is based in Michigan’s Upper Peninsula. The tribe’s gaming division – Kewadin Casinos – manages five casinos in the state.

Late last year, Michigan Governor Gretchen Whitmer signed into law a package of bills that authorized sports betting at retail locations as well as digital wagering and casino-style gaming. The legislation permitted the aforementioned activities to be conducted by the state’s three commercial casinos as well as its tribal gambling venues.

Michigan’s first retail sportsbooks opened doors at the state’s three commercial casinos in downtown Detroit earlier this month. However, per a Gov. Whitmer order issued just a few days after the commencement of legal sports betting, the gambling venues had to close to help contain the spread of the coronavirus, the highly contagious virus that has turned the world upside down, affecting every contour of society and global economy.

GAN Ventures Into Michigan

Online sports betting and digital casino gaming was not expected to kick off in Michigan before 2021 as the state Gaming Control Board is yet to draft the rules regulating the online sector. It is to be seen whether the unprecedented situation created by Covid-19 will speed up or further delay the process.

Nevertheless, GAN seems confident in the potential of the Michigan iGaming market. The company said today that it will be providing its technology platform as well as certain operational services to the Sault Tribe of Chippewa Indians in partnership a major US casino operator that GAN has already been working with. The casino operator has requested anonymity pending regulatory approvals.

Commenting on their Michigan entry, GAN Chief Commercial Officer Jeff Berman said that the state “has long represented an attractive market” and that the company’s “technical expertise and ‘day one’ experience in multiple US Internet gaming markets will enable the Sault Tribe to capture their share of the online opportunity.”

Mr. Berman added that they are looking forward to bringing real money online gambling to Michigan and that their entry into a new market remains “at the core of our mission, strategy and purpose in the United States.”

Kewadin Gaming Authority CEO Allen Kerridge said that they are “excited to take this important step with GAN and our mutual partner to bring both retail sports to our consumers at our five casino locations in short course in addition to Internet gaming casino on day-one when first allowed by the State of Michigan.”

Source: GAN Confirms Internet Gambling in the State of Michigan

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