Tag: Industry News

Spinmatic, a leading developer and supplier of premium casino games, has signed an agreement with the Italian operator Snaitech. As per the deal, Snaitech players in Italy will be able to access Spinmatic’s amazing video slots.

“We are very proud to launch Spinmatic’s games in the Italian market. This agreement will allow us to meet the needs of our most demanding customers and confirms Snaitech’s strategy to provide an increasingly high performance and safe product,” Alessandro Graziosi, Snaitech Digital Director, said.

“We are very happy about partnering with Snaitech. They have a huge reputation worldwide and a great knowledge of the Italian players. Italy has always been one of our focus markets, and this deal is going to help us grow there and reach more clients with our carefully developed stories. We know what Italians like when playing slots,” Adam Spisak, Spinmatic’s Sales Director, said.

BetConstruct has launched its latest game x50Wheel.

This is a continuous game that the players can join at any moment. With 4 coloured buttons with different odds, x50 Wheel suggests players predict where the wheel is going to land. The players choose one of the offered colours and place the bet.

The winning position is not determined at the moment when results are in, but rather 5 games prior to the ongoing round to assure fairness.

The game highlights some very appealing features, such as a demo mode, dark theme option, background music switcher as well as statistics and game history.

By integrating the new dynamic x50Wheel, BetConstruct’s operators will take full advantage of the game by accepting bets 24/7 and providing their players with an easy-to-play bet-on game.

The French Ministry of Economy and Finance has initiated its “public reward” for investors that took part in the Paris Euronext IPO of Française des Jeux (FDJ) in November 2019.

Groupe FDJ’s public investors will be awarded one additional share for each tranche of 10 IPO shares bought, with the supplement paid for by the French government. The offer, which will be activated from May 24, has been guaranteed for public investors who have kept hold of their FDJ IPO shares for the past 18 months.

FDJ said in a statement to shareholders: “These additional shares already exist and are currently owned by the State. There will therefore be no creation of new shares or dilution of shareholders following this transaction.”

The reward was established by Bruno Le Maire, France’s Minister of Economy, as an incentive to stimulate public investment in FDJ, supporting the En Marche government’s plans to privatise the former state-owned lottery operator by listing FDJ on the Paris Euronext Exchange.

WorldMatch and Cristaltec have signed a partnership deal that will give WorldMatch exclusive porting on selected Cristaltec’s AWP slots.

Proceeding with the omni-channel strategy applied to SlotBar brand, the product born from the partnership between WorldMatch and the main producers of AWP and VLT like Octavian, Nazionale Elettronica and Baldazzi, WorldMatch will port Cristaltec’s AWP games into online slots and will exclusively distribute them worldwide, strengthening both companies’ presence around the globe.

“We’re very proud of this achievement, we have always believed in the potential to combine the quality and recognizability of retail games with the online distribution channel and the results of SlotBar products are proving us right. We’re completely satisfied of our outcome as aggregators of land-based products, and seeing land-based competitors like Octavian and Cristaltec both relying on us for the conversion and online marketing of their most successful products really made us realize our potential,” Andrea Boratto, CEO of WorldMatch, said.

“We are pleased to work with WorldMatch too, this is a big step for our company’s new path to the online market. WorldMatch’s proven technology and respected experience will give us great opportunities for growing our business on the online portion of the market, internationally. We have promising plans for this partnership and there’s no doubt that the players will love this new collaboration too,” Pierangelo Berdin, CEO of Cristaltec, said.

Quik Gaming has entered into a partnership with EnergyCasino.

 As per the deal, EnergyCasino players will soon have access to Quik’s diverse portfolio of Unique Live Games, including the sophisticated SuperBlocs, the twist-on-a-classic Lotto Roulette, as well as the thrilling Wheel of Fire, a dynamic, multi-featured wheel of fortune style game, that is available in both Live and Single Player versions, and last but not least – Race for Cash, a fast-paced, innovative racing lotto-style game.

“We look forward to working with Quik Gaming. Quik’s games offers a gaming experience which we are convinced that will appeal to all type of players because of the different layers of playability and overall game experience,” Marcin Sobieraj, Casino Operational Manager at EnergyCasino, said.

“We are excited to partner up with EnergyCasino, which offers a variety of choices, whether it’s casino or live casino and with Quik’s live and single players games their portfolio is set to expand even further and we can’t wait to see our games going live with EnergyCasino with Q2 of 2021,” Timothy Bartolo Parnis, Chief Operations Officer at Quik Gaming, said.

Snaitech, the Italian business arm of gambling technology supplier Playtech, has acquired Happybet, an operator with revenues of about €19m and with over 100 employees and 200 points of sale in Austria and Germany.

Snaitech CEO Fabio Schiavolin said: “The integration of Happybet, one of the first companies to receive a national sports betting licence in Germany, and which will continue to operate under its own brand, has accumulated enormous skills and achieved a solid market position.

“Now we want to capitalise on this experience. The integration of our expertise and our know-how with those of Happybet will put us in the ideal condition to seize new growth opportunities.”

Snaitech had revenues of over €520m in 2020 and a network of 2100 betting points. In a press release the company said that the German and Austrian markets recorded overall betting values of over €10bn in 2019, a figure that it believes will grow.

“In both countries the market is currently quite fragmented, with a few large players and many small operators,” Schiavolin added.

Fast Track has appointed Johnny Tominaga as its new head of marketing.

Tominaga joins Fast Track’s Malta team with more than 15 years of marketing and advertisement experience, having worked with major corporations such as Microsoft, Intel, Disney and Pepsico.

“We are at a really exciting stage in Fast Track’s growth and Johnny is going to have a pivotal role in shaping how we communicate with the industry as we continue to evolve. We are already impressed with his wide-ranging knowledge and creativity and know that we can expect great things!” Simon Lidzén, Co-founder and CEO of Fast Track, said.

“Fast Track is disrupting the iGaming industry by creating cutting-edge technology that will continue to change the dynamics of the industry. I’m excited to be part of that journey and help the team continue to tell their story,” Johnny Tominaga said.

Gaming Realms has signed a licensing agreement with Pragmatic Play to produce Pragmatic Play-themed Slingo games.

Under the terms of the agreement, Gaming Realms is to license market-leading brands from Pragmatic Play’s expansive game portfolio, including Sweet Bonanza and Wolf Gold, to create Slingo games.

Michael Buckley, executive chairman of Gaming Realms, said: “This licensing partnership with Pragmatic Play opens up a range of cross-sell benefits to both parties. The collaboration between two organisations with a key focus on content innovation in the digital space is truly exciting.

“Pragmatic Play creates engaging and immersive gaming content that fits perfectly with Slingo; we’re hoping this announcement should excite both operators and players.”

Yossi Barzely, chief business development officer at Pragmatic Play, said: “Creating memorable gaming experiences is a priority for us and Gaming Realms has an excellent reputation through its Slingo portfolio.

“We have an extremely positive feeling about the potential for Pragmatic Play-themed Slingo games and are eager to see this partnership realise its potential.”

Everi Holdings has reported gaming revenue of $76.2m for the first quarter of 2021. It was $57.3m in the same period the previous year.

Net income was $20.5m, compared to $13.5m net loss in Q1 2020. Operating income for Q1 2021 was $40.2m.

Game revenues were $58.1m, while fintech revenue stood at $62.9m. Gaming equipment and systems brought $18m in revenue, still not reaching the $23.1m recorded for Q1 in 2019. Digital revenue nearly doubled to $2.4m in the first quarter of 2021 compared to $1.1m a year ago.

The company’s total revenues for Q1 were $139.1m, a record for the first quarter compared to $113.3m in 2020 and $123.8m in Q1 2019. Adjusted EBITDA was $75.4m, against $61.3m in the 2019 first quarter.

“We are off to a strong start in 2021 with first quarter record revenue; and all-time quarterly record net income. The substantial improvement in our operating results demonstrates the significant ongoing demand for our products in both our games and fintech segments,” Michael Rumbolz, CEO of Everi Holdings, said.

“Our strong start to 2021, which has continued into the second quarter, is a great indication that we are already regaining our pre-pandemic momentum, including our expectation that 2021 full year results will exceed the levels achieved in 2019.”