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NOVOMATIC: Rating Upgrade “BB+” by Standard & Poor’s with Stable Outlook
The international rating agency Standard & Poor’s (S&P) evaluates the NOVOMATIC AG Group, which is listed on the Vienna Stock Exchange with bonds, with an upgrade of the rating to “BB+” with a stable outlook in the course of the annual audit of the fiscal year 2022.
In the course of the current rating, Standard & Poor’s analysed the strengths and risks of NOVOMATIC AG in comparison to international competitors and currently rates the Group with a “BB+”. S&P justifies the upgrade of the rating from “BB” to “BB+” with NOVOMATIC’s solid operating performance in fiscal year 2022 and the reduction of debt.
Against the backdrop of the recovery in the Gaming Technology and Gaming Operations segments due to the lifting of COVID restrictions in all markets, several acquisitions as part of the international expansion strategy contributed to profit growth in FY 2022. Foremost among these was the acquisition of a majority stake in the Italian HBG Group.
“The improvement in our rating once again confirms not only the success of our dual strategy as a producer and an operator, but also our growth and investment strategy in our core markets. This puts NOVOMATIC among the top credit ratings in Europe and puts it in an excellent 2nd place in global comparison, ahead of other gaming technology groups,” NOVOMATIC AG Executive Board Member Johannes Gratzl said.
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REEVO Announces Strategic Partnership with YEEBET Gaming
REEVO, a leading innovator in the iGaming industry, has announced a strategic partnership with YEEBET Gaming, a trailblazing game provider renowned for delivering cutting-edge, immersive entertainment experiences. This partnership marks a significant step forward in REEVO’s mission to connect players with world-class gaming content while providing unparalleled value to its partners.
“At YEEBET Live, our commitment to innovation and delivering the highest-quality iGaming experiences drives everything we do. Our partnership with REEVO is a testament to our shared vision of enhancing player journeys and redefining what online gaming can be. Together, we are setting a new benchmark for entertainment excellence,” said Michael Lee, Chief Executive Officer of YEEBET Live.
Through this partnership, YEEBET’s cutting-edge content will be seamlessly integrated into REEVO’s aggregation platform, offering operators a diverse and innovative portfolio designed to captivate players worldwide. This collaboration empowers both companies to leverage their unique strengths, driving the evolution of the iGaming landscape.
Daniel Cuc, Head of Account Management at REEVO, said: “Our collaboration with YEEBET aligns perfectly with REEVO’s vision of delivering extraordinary gaming experiences through innovation and creativity. By bringing YEEBET’s groundbreaking content to our platform, we are enabling our partners to offer players an experience that goes beyond expectations. This partnership is a bold step forward in shaping the future of iGaming, and we couldn’t be more excited about what lies ahead.”
The post REEVO Announces Strategic Partnership with YEEBET Gaming appeared first on European Gaming Industry News.
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Go on an intrepid slot adventure with Jenny Nevada and the Diamond Temple
Embrace the spirit of adventure in Jenny Nevada and the Diamond Temple, the latest slot from the in-demand content provider, Rival.
This is a game that will appeal to intrepid explorers, those willing to venture into the darkness to discover the glistening gems and potentially big wins that await.
Players join Jenny Nevada as she makes her way through the jungle to the Diamond Temple where they can claim some of her loot for themselves.
But there are plenty of surprises along the way, too. This includes Wild symbols that can appear on any base game spin and substitute for all other symbols to help form more win combos.
Jenny is the Scatter symbol and when 3, 4, or 5 land in the base game, players unlock a Free Spins frenzy with 10, 20, or 50 Free Games up for grabs..
But the most valuable diamonds and biggest wins are found deep within the temple, and this can only be reached by taking on the Temple Maze Bonus Round.
This sees players stack huge rewards as they uncover the treasure hidden throughout the temple.
For players who want to head straight to the action, there’s the option to Buy the Bonus and choose between Free Spins or the Temple Maze.
Jenny Nevada and the Diamond Temple quick stats:
Reels: 5 reels, 3 rows
RTP: 95.93%/94.75%/92.52%
Paylines: 20 ways
Volatility: Extreme
Bet range: $0.20 to $20
Max win: 10,004x
Ryan Maclean, Head of Games at Rival, said: “Jenny Nevada and the Diamond Temple takes players on a thrilling adventure in search of precious gems and big wins. Those who venture deep into the temple will find the greatest treasures and will be helped on their quest by some gripping bonus features.
“Wilds, Free Spins and the Temple Maze Bonus Round promise to get the adrenaline pumped with the extreme volatility bringing unprecedented anticipation to each.
“As will all Rival slots, Jenny Nevada and the Diamond Temple has been developed and produced to the highest standards, ensuring a quality player experience from the first game round to the last.”
The post Go on an intrepid slot adventure with Jenny Nevada and the Diamond Temple appeared first on European Gaming Industry News.
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DGOJ Holds Conference on Prevention of Money Laundering
The Spanish gaming regulator (DGOJ), in collaboration with the Public Treasury and the Executive Service of the Commission for the Prevention of Money Laundering and Monetary Offences (Sepblac), has held the first Sectoral Conference on the prevention of money laundering and terrorist financing with online gaming operators.
The meeting, which took place at the headquarters of the DGOJ on February 6, brought together representatives of authorised online gaming operators and regulatory and supervisory bodies to address current challenges in the prevention of money laundering, related to the area of regulatory compliance and the main risks of the activity.
The meeting was inaugurated by Mr. Mikel Arana, Director General of Gaming Regulation, together with Ms. Irene Sánchez Pérez, advisory member of the Public Treasury.
Arana then moderated the various presentations in which leading experts from Sepblac, the Financial Intelligence Unit and the Supervisory Authority for the Prevention of Money Laundering and the Public Treasury analysed the latest regulatory developments and sanctions at European and international level, presented the main findings in inspections of operators and spoke about the role of financial intelligence in the prevention and detection of risky operations, among other topics.
This was followed by a round table discussion, attended by experts such as Alberto Navarro, deputy assistant director of inspection at the DGOJ, and representatives of Sepblac and the Public Treasury, where the questions and doubts raised by online gaming operators were resolved.
The post DGOJ Holds Conference on Prevention of Money Laundering appeared first on European Gaming Industry News.
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