GiveMeSport enters gaming sector with Oryx deal

first_img UK digital media firm GiveMeSport will move into the betting sector after parent company Breaking Data agreed a deal to acquire Oryx Gaming and set a long-term target of expanding from the UK to the US.Breaking Data announced today (Thursday) that it had entered into a transaction agreement through which it will acquire all of the shares of Oryx as it plans to leverage GiveMeSport’s audience of 26 million fans on Facebook by launching a new online sports betting brand, GiveMeBet.The transaction has been valued at €7.5m (£6.7m/$8.7m) plus performance-based earn-out payments.A Breaking Data spokesman told iGamingBusiness.com that there is no set timeline for completion of the deal, which is expected to see Oryx renamed Bragg Gaming Group. However, the spokesman added that it is a reasonable expectation that GiveMeBet could launch towards the end of this year or in early 2019.Dominic Mansour – a former chief executive of the UK’s Health Lottery who has also held senior roles at FullTilt poker, GTECH G2, NetPlay TV and Globalcom/WMC UK – will become CEO of Bragg Gaming, with former NetPlay TV and Sporting Index executive Akshay Kumar becoming chief financial officer.In announcing the deal, Breaking Data suggested that it would model the development of GiveMeBet on how Sky Betting & Gaming was built from the ground up by UK pay-television broadcaster Sky.“The acquisition of Oryx is the first step on the road to the creation of a new global gaming group,” Mansour (left of picture) said. “We plan to follow this with other acquisitions in the gaming sector as we position Bragg Gaming as a next generation gaming company.“The newly-combined group will now have the opportunity to grow into gaming and to leverage synergies through the combination of the businesses. GiveMeSport has a bigger following on Facebook than ESPN and Sky Sports and we plan to use this as a platform to grow into sports betting initially in the UK and further into the US.”Matevz Mazij, who will retain his role as Oryx CEO, added: “The deal with Breaking Data is a fantastic opportunity to capitalise on our international expansion plans. In the last five years since Oryx was founded, it has developed in to a leading global provider of turnkey solutions for top gaming and betting brands.”Nick Thain (right of picture), currently CEO of Breaking Data, will continue to run GiveMeSport. Breaking Data shareholders will vote on the deal at the company’s annual general meeting next month, with the transaction requiring at least 50% approval.The takeover is also contingent on financing, TSX Venture Exchange approval and certain other closing conditions. Breaking Data said it will provide further information as it becomes available with regard to the financing, which may be either equity, debt or a combination of both. Ex-Health Lottery CEO Mansour to lead GiveMeBet with an eye on US expansion AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Finance Topics: Finance Sports betting GiveMeSport enters gaming sector with Oryx dealcenter_img 23rd August 2018 | By contenteditor Regions: UK & Ireland US Email Address Subscribe to the iGaming newsletterlast_img read more

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DraftKings expands into live casino with Evolution

first_img24th January 2019 | By contenteditor DraftKings expands into live casino with Evolution Tags: Online Gambling Email Address DraftKings has widened its igaming offering in New Jersey after agreeing a deal with Evolution Gaming to launch a live dealer gaming offering. DraftKings is to expand its New Jersey igaming offering with the addition of live casino services from Evolution Gaming.Evolution will provide content to DraftKings from its new US live casino studio, which opened in Atlantic City in August 2018, through the agreement.Traditionally a fantasy sports operator, DraftKings has expanded into new verticals over the past year, establishing itself as a leading sports betting brand in New Jersey.Last month, DraftKings ranked second behind rival FanDuel in the state’s sports betting market, reporting revenue of $6.7m (£5.1m/€5.9m).James Stern, chief business officer for the Americas and land-based market at Evolution, said the supplier is looking forward to helping DraftKings expand its services.“DraftKings is a young and dynamic company that has blazed a trail in recent years with its best-in-class technology and extensive knowledge of sports,” he said.“DraftKings was first to market in New Jersey with online sports betting, just a couple of months after filing for its licence with the New Jersey regulators,” Stern said. “We very much look forward to working with DraftKings on this project.”Evolution is also working with a number of other operators in New Jersey as it seeks to take advantage of the growing market.Last month, the supplier expanded an existing deal with Unibet to provide the Kindred Group brand with its live casino services in the state. Evolution’s other clients in New Jersey include The Stars Group and Hard Rock Atlantic City.Image: Karen Topics: Casino & games Tech & innovation Table games Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Regions: US New Jerseylast_img read more

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Fruitbat Crazy by Betsoft

first_img In Fruitbat Crazy, clusters of low-value symbols always pop first, allowing higher-paying stacks to mount up before splattering them in one big explosion. Unlike other cascading slots, Fruitbat Crazy’s roster of symbols also collapse on a combo-by-combo basis, with smaller wins resolving before triggering their own collapses – creating the chance for some seriously succulent payouts.Beyond the 3X5, 243 ways to win base game. Find 3 or more Fruitbat symbols and a whole flock will descend from the trees and gorge themselves over the course of 10 or more free spins.Fruitbat Crazy also contains the signature feature-buy-in mechanic, allowing players to trigger free falls at any time – and a special symbol can reduce the cost of buy-in to zero if enough appear at once.You can try a demo of the game here! Fruitbat Crazy by Betsoft AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Subscribe to the iGaming newsletter In Fruitbat Crazy, clusters of low-value symbols always pop first, allowing higher-paying stacks to mount up before splattering them in one big explosion. Unlike other cascading slots, Fruitbat Crazy’s roster of symbols also collapse on a combo-by-combo basis, with smaller wins resolving before triggering their own collapses – creating the chance for some seriously succulent payouts. 25th March 2019 | By Aaron Noy Topics: Casino & games Slots Email Addresslast_img read more

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Journey Flirt by BGaming

first_img BGaming has visualised a road trip love story in their adventurous new slot – Journey Flirt. The game is a 5×3 scheme slot featuring 243 ways to win, 4 bonus-cities are opened step by step: Havana, Mexico, New York, and London. The game is loaded with free spins, sticky and expanding wilds, and flexible and fixed multipliers!Learn more about this slot here! Casino & games Subscribe to the iGaming newsletter 15th October 2019 | By Aaron Noy AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Topics: Casino & games Slots Journey Flirt by BGaming Email Addresslast_img

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MaxEnt to withdraw from UK market over Brexit

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Legal & compliance Slots Subscribe to the iGaming newsletter Regions: UK & Ireland MaxEnt to withdraw from UK market over Brexit Casino & games Tags: Slot Machines Email Address 2nd January 2020 | By Daniel O’Boyle Malta-based Slotty Vegas operator Max Entertainment (MaxEnt) has opted to withdraw from the UK market, citing the UK’s forthcoming departure from the European Union as the reason.In a release dated 30 December, the operator announced that UK customers will no longer be able to register with MaxEnt with immediate effect but the site will remain open for a “short period” so that existing customers may withdraw money.The operator said that it made the decision following the December 2019 UK general election, in which the Conservative Party won a significant majority of seats. MaxEnt said that, as this made Brexit a “practical certainty,” it was no longer worthwhile to be active in the UK market.“We take this decision with a heavy heart,” said Greg Bennett, chief executive of MaxEnt, said. “We’ve been watching the market for some time, and the looming threat of Brexit has been a source of concern for us. Now that the Conservative Party have won and can push it through, we feel that we are better focusing on well-regulated European markets.”The operator’s licence was revoked by the British Gambling Commission in June following a change in ownership, due to concerns about the source of funds used for the deal and question marks over its new ownership. The decision to withdraw from the market means that MaxEnt will no longer contest this decision as it had originally intended.MaxEnt said it was “not ruling out the possibility of returning to the UK in the future,” but in the shorter-term its focus would be on the rest of Europe as many countries adopt the local-licencing model.The operator said it expects to receive its Swedish licence early this month and will look at applying for a Dutch licence when its market opened.MaxEnt also announced that it has launched a new no-registration plan, GoSlotty, to be launched in Germany and Finland this month. Malta-based Slotty Vegas operator Max Entertainment (MaxEnt) has opted to withdraw from the UK market, citing the UK’s forthcoming departure from the European Union as the reason.last_img read more

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PA Media unveils new umbrella brand for betting operations

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter PA Media unveils new umbrella brand for betting operations Subscribe to the iGaming newsletter The PA Media Group has announced the launch of PA Betting Services, the new umbrella brand for all of its sports betting operations. The PA Media Group has announced the launch of PA Betting Services, the new umbrella brand for all of its sports betting products and solutions.PA Betting Services will encompass all multimedia betting content and services for existing customers, as well as key target markets such as the US and Africa.According to PA Media Group, which runs the PA Media national news agency for the UK and Ireland, the rebrand will enable the business to diversify into new sports and multimedia solutions, while continuing to offer its existing services.PA Betting Services already provides data collection and distribution for horse racing, greyhound racing and football, as well as sports editorial and esports products.In addition, the new umbrella brand will consolidate certain specialisms within the PA Media Group, including video streaming, expert editorial across words, images, video and infographics, it added.“The creation of this new brand identity is an important step in our strategy to provide a wider range of customers with an innovative new offering that responds to their changing needs,” PA Media Group’s managing director of racing and betting, Michael Grenham, said.“PA Betting Services is uniquely positioned to capitalise on PA’s unparalleled expertise and international reach as the global betting market continues to evolve,” Grenham explained. “Ours is a brand that is trusted around the world – PA has been synonymous with quality and integrity for decades and those attributes will continue to guide our growth ambitions.”Image: Steindy Regions: UK & Irelandcenter_img Topics: Sports betting Strategy Email Address Sports betting 16th January 2020 | By contenteditorlast_img read more

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Uefa urges associations to complete 2019-20 seasons

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Sports betting Tags: Online Gambling OTB and Betting Shops European football’s governing body Uefa has called on all of its associations to complete their 2019-20 seasons despite the ongoing novel coronavirus (Covid-19) crisis. Uefa urges associations to complete 2019-20 seasons Subscribe to the iGaming newsletter European football’s governing body Uefa has called on all of its associations to complete their 2019-20 seasons despite the ongoing novel coronavirus (Covid-19) crisis.In related news, bookmaker William Hill has revealed its plans for settling outstanding bets on competitions that face being cancelled or ended without all fixtures being completed.Almost all national associations that are members of Uefa halted play in their domestic competitions last month to help combat the spread of the coronavirus, with the Belarus Premier League currently the only major league in Europe still playing.Uefa also suspended play across both its Champions League and Europa League cup competitions in mid-March and delayed its 2020 European Championship national team tournament until next year as a result of the outbreak.Though play remains suspended across almost all countries, Uefa has reiterated its desire for all national leagues in Europe to complete the 2019-20 season and discussed a number of potential options with its 55 members during a video conference call yesterday (21 April).“There was a strong recommendation given to finish domestic top division and cup competitions, although it is understood that there may be some special cases,” Uefa said.“With this in mind, Uefa is currently developing some guidelines concerning participation in its club competitions, in order to assist its member associations in case of a cancelled league or cup.”Uefa added that it would discuss any developments at its executive committee meeting due to take place tomorrow.England’s Premier League, Spain’s La Liga and the Italian Serie A are among the major leagues that have already expressed their desire to finishing the current campaign, despite their competitions being indefinitely suspended.However, the Belgian First Division A earlier this month announced an end to its campaign, crowing Club Brugges as 2019-20 champions. Club Brugges was top of the league, 15 points ahead of second, when play was suspended in March. It is not yet clear whether the league will face sanctions from Uefa for ending the season at this time.Questions have also been raised about the future of this season’s Eredivisie in the Netherlands, after the country’s government extended a ban on all major events until 1 September.The Royal Dutch Football Association KNVB said that as a result of the ban, it “intends not to continue playing the 2019/20 competition”. However, the KNVB also said it would discuss its options with Uefa before ending the season, while a meeting with clubs and other stakeholders will take place later this week.A debate is raging over whether to end the Scottish football season. While the country’s lower leagues have already been ended, talks are ongoing about a reconstruction of the Scottish Premiership. Some clubs have asked for a final decision – which would see Celtic crowned champions for the eighth consecutive season – until a feasibility study on completing the 2019-20 fixtures has been carried out.Meanwhile, William Hill has told iGB that it will settle any bets on suspended competitions until a decision over the 2019-20 season is made by the relevant association or organisation.A spokesperson for the bookmaker said if a league chooses to end a season early and declare a team as champion, it would pay out on bets placed for the team to win the league. If a competition were to be cancelled and no champion declared, it would declare all bets void.In terms of wagers relating to other criteria such as top goalscorers, qualification for European competitions and relegated teams, the spokesman said William Hill would judge each bet on a case-by-case basis.Customers unhappy with a decision about a bet would be able to take up their case with the Independent Betting Adjudication Service (IBAS), the alternative betting dispute service, the operator added. Topics: Sports betting Strategy Email Address 22nd April 2020 | By contenteditorlast_img read more

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The Gambling Review Podcast: Episode 2

first_img3rd November 2020 | By Daniel O’Boyle AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The Gambling Review Podcast: Episode 2 Subscribe to the iGaming newsletter Topics: Legal & compliance Listen online here! Regions: UK & Ireland Podcast: Play in new window | Download Daniel catches up with Deputy Leader of Welsh Labour Parlimentary Private Secretary to the Leader of the Opposition and Chair of the Gambling Related Harm All Party Parliamentary Group, Carolyn Harris. Legal & compliance Email Addresslast_img

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Raketech boosted by Lead Republik and US expansion in Q3

first_imgCasino remained the operator’s strongest segment, contributing 85.5% of total revenue compared to 67.3% in Q3 2019. Finance Raketech boosted by Lead Republik and US expansion in Q3 11th November 2020 | By Richard Mulligan Raketech was boosted by income from recent acquisition Lead Republik and US growth as it posted a double-digit increase in revenue during the third quarter. In a trading update for the three months to 30 September, the Stockholm-listed online affiliate and content marketing provider said revenues were up 23.9% year-on-year to €7.4m. In terms of geographical footprint, revenue from the Nordics reduced from 90.4% to 80.4%, as Raketech welcomed greater input from other markets, including the US, where TVsportsguide went live ahead of schedule. It now has licences in seven US states, with Pennsylvania, Michigan and West Virginia added during Q3. Tags: Raketech “With this acquisition in place our global footprint is significantly widened, and the US has shifted from a strategic target to a strategic market.” “The third quarter of 2020 was yet another operationally productive and stable quarter where we managed to deliver strong results despite tough and volatile macro conditions,” said chief executive Oskar Mühlbach. Revenue share agreements made up 42.5% of income, which was down on 56.4% in Q3 2019. Upfront payment grew to 39.7% while flat fee increased to 17.8%. EBITDA grew by 8.3% to €2.9m, although margin was down from 45.5% to 39.8%, which was primarily due to Lead Republik being a lower margin product offering. Other major outgoings included product development costs and an increase in employee benefit expenses due to the onboarding of senior management and a slight increase in headcount. The impact of Lead Republik – the Canada and Germany-facing performance marketing company which was acquired in March 2020 – on the results was highlighted by Raketech’s sizeable leap in overall revenue compared to organic growth of just 3.2%.center_img Direct expenses increased to €1.9m in the main because of an uptick in paid media through the new product offering following the acquisition of Lead Republik. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The operator posted an overall operating profit of €1.5m, which was down 2% on 2019. “As previously announced our M&A efforts have during the quarter been intensive and I am happy to be able to conclude that we, only a few days prior to this report, managed to close the acquisition of AmericanGambler.com, which is a sports asset targeting the US. Topics: Finance Q3 results 2020 Raketech said that while sport has not yet returned to pre-Covid 19 levels, there was a significant upswing towards the end of the reporting period, most notably in relation to flagship assets TVsportsguide and Denmark’s BetXpert. Sport contributed 11.1% of revenues, compared to 27.5% in Q3 2019. New depositing customers almost doubled from 26,782 in Q3 2019 compared to 52,344 this year, in part due to turbulence in the Swedish market in the early part of the reporting period. “We also delivered on strategically important milestones such as a footprint in the US. The operator said the rest of the world is expected to contribute as much as 25% of revenue by the end of this year following the €5m acquisition of AmericanGambler earlier this month. Regions: Nordics Subscribe to the iGaming newsletter Email Addresslast_img read more

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Syncronite by Yggdrasil Gaming

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Slots Email Address Syncronite is a classy, art-deco style game with atmospheric music and the possibility to win 64,000x bet on a single spin. Companies: Yggdrasil Topics: Casino & games Slots Game type:Video slotGo-live date (expected):19/11/2020Game special features:Splitz mechanic: the Splitz feature happens when between two and six Splitz symbols land on the reels. When they land, they all split up to eight times and turn randomly into one of the other symbols, with the result that all will reveal the same symbol for a more significant win. Synced reels: Syncronite is all about being in sync! Our new Synced reel feature can lead to some exciting wins. 2-6 reels are synchronized and mirror each other on each spin. The more sync, the bigger the win.Number of paylines:729 – 21,168Number of reels:6RTP% (recorded/theoretical):96%Variance/volatility:HighNumber of symbols to trigger feature/bonus?:3+ land on 3+ adjacent reels from the leftmost reel. There is also the diamond symbol which pays out from just 2 symbols.Can feature be retriggered?NoNumber of free spins awarded?NoneStacked or expanding wilds in normal play?NoStacked or expanding wilds in feature play?NoNumber of jackpot tiers?NoneAuto-play function?:Yescenter_img 10th November 2020 | By Aaron Noy If the Great Gatsby was a slot machine, it’d be Syncronite. Sync and win big in this exciting new slot featuring the Splitz mechanic. Syncronite by Yggdrasil Gaming Subscribe to the iGaming newsletter You can play the demo of this slot here!last_img read more

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