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Swedish Stock Exchange has the largest number of online gambling companies
Stockholm’s stock exchange seems to be most preferred destination of European online gambling companies. The stock exchange hosts as many as such companies. Most of them arrived during the last year or so, following a wave of IPOs beginning in 2017.
This is a welcome news for the industry, as the country is preparing for structural re-regulation and liberalisation of its online gambling market.
LeoVegas, Aspire Global AB, Cherry, Kindred Group, and Betsson are companies who have opted either for Nasdaq Nordic, known to be the main Stockholm board, or the First North market over the past years.
Danish developer of online gaming products Better Collective was the latest company to float on the Stockholm stock exchange. It started trading its shares on the main Nasdaq Stockholm market on June 8.
As mentioned above, the Swedish capital currently has 19 listed companies operating in the European online gambling industry, beating out the London Stock Exchange which is currently home to 16 gambling companies.
As many as seven iGaming companies have listed on the Nasdaq Nordic or First North markets since the beginning of 2017, with those being Global Gaming, Scout Gaming, Evolution Gaming, Better Collective, Cherry, Aspire Global, and LeoVegas, Bloomberg notes. Some of these have listed through initial public offering, others have moved from other platforms.
The business news outlet further points out that the companies’ performance has varied after their listing. Aspire Gaming has thus reached a 35 per cent increase in its post-listing fortune, while LeoVegas has slumped 30 per cent.
In terms of market value, London still accounts for the largest portion of European online gaming and betting companies’ collective value. However, it is important to note that Stockholm and London together currently account for 78 per cent of the total market value of gambling companies across the continent, with Greece, France, and Spain comprising top 5.
According to Nasdaq Head of European Listings Adam Kostyal, Stockholm has become an attractive stock exchange due to its well-developed community of experts and investors as well as local entrepreneurs’ reputation of early adopters of technology and innovation. The expert further told Bloomberg that he expects more listings by both local and international gaming and betting companies to take place in near future.
Sweden’s new gaming act aims to replace the country’s Lottery Act of 1994 and the Casino Act of 1999 and will scrap Svenska Spel’s monopoly over the provision of the majority of legal gambling services in the country.
Source: Latest News on European Gaming Media Network
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White Hat Studios launches with Betly mobile sportsbook and casino in West Virginia
Partnership sees leading branded content and popular Jackpot Royale integrated into Delaware North’s Betly online casino in the Mountain State
White Hat Studios, the “House of Brands” provider to the United States iGaming market, has partnered with Delaware North to launch on its Betly mobile sportsbook and casino in West Virginia.
The leading provider aims to build its online casino offering with the addition of the industry’s top-performing games.
Betly players in West Virginia will now have access to White Hat Studios’ acclaimed portfolio of premium branded titles, including Ted, The Goonies, and the award-winning 7s Fire Blitz series.
Also included in the rollout are the popular Jackpot Royale and Jackpot Royale Express progressive jackpot networks, currently live across more than 40 titles, and the first Betly-branded iCasino game – Betly Player’s Choice Blackjack.
Designed to elevate player engagement and boost retention, the addition of these promotional tools adds another layer of excitement to the Betly casino offering.
White Hat Studios has made significant strides in its U.S. growth trajectory since launching in 2021, consistently delivering high-performing content across multiple states. West Virginia remains a key market for the provider, following its remarkable success in all seven regulated U.S. iGaming states.
The collaboration represents another major step in White Hat Studios’ expansion across regulated U.S. states and reinforces its reputation as a go-to content partner for forward-thinking operators.
Daniel Lechner, SVP Sales and Marketing at White Hat Studios, said: “We’re thrilled to be partnering with Delaware North on the Betly online casino app in West Virginia.
“This partnership reflects our ongoing commitment to delivering top-tier content quickly and seamlessly to operators across the U.S. With our portfolio of fan-favorite branded titles and innovative features like Jackpot Royale, we’re confident we’ll make an immediate impact for Betly and its players.”
Bob Akeret, General Manager for Betly, added: “We’re excited to welcome White Hat Studios onto our Betly platform in West Virginia. Their reputation for delivering engaging, high-quality games, especially branded content, makes them an ideal partner as we continue to elevate our casino experience.”
The post White Hat Studios launches with Betly mobile sportsbook and casino in West Virginia appeared first on Gaming and Gambling Industry Newsroom.
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Games Global and Slingshot Studios expand Cashingo™ series with Eruption Blaze Cashingo™
Title pairs advanced Cashingo experience with ULTRA Link&Win enhancements
Games Global, together with its exclusive studio partner, Slingshot Studios, has released Eruption Blaze Cashingo, bolstering the popular series with a feature-rich release, where jackpots up to 5,000x chart a path to 13,283x win potential.
Set against the backdrop of a lava-spewing volcano, every cash and jackpot coin that lands is added to the mirrored Cashingo grid, with the value of all prizes paid out when a horizontal, vertical or diagonal row is completed.
Adding further variety to the action is the integrated ULTRA Link&Win feature, which can be activated by landing six or more coins. The feature begins with three respins on a 5×5 reel set, with three extra rows initially locked. Keys can unlock additional rows, expanding the reels and increasing win potential.
Special Boosters can appear during the round, including Doublers that increase the value of up to four cash prize coins and Collectors that gather all visible cash coin values at once. Persistent versions of these boosters remain active, while Extra Life coins award an extra spin once the initial respins are exhausted.
Free Spins offer a change of pace and greater depth, with a Power Stacks feature enhancing wild and coin symbols to elevate potential.
Eruption Blaze Cashingo showcases Slingshot Studios’ continued refinement of the Cashingo franchise, delivering an engaging, well-paced gameplay experience.
Richard Vermaak, Creative Director at Slingshot Studios, said: “Our goal with Eruption Blaze Cashingo was to take what players enjoy about Cashingo and give it more room to develop.
“The combination of the Cashingo and Power Stacks mechanics introduces a dynamic element to the base game, and the enhanced ULTRA Link&Win feature adds clear progression as the grid expands. We are delighted with how the experience comes together.”
David Reynolds, Director of Games Strategy & Partner Management at Games Global, added: “Eruption Blaze Cashingo is a strong addition to our portfolio and a great evolution of the Cashingo concept. Cash and jackpot coins open up new ways for the game to build, while the updates to the ULTRA Link&Win feature bring more variety to each round.
“Slingshot Studios has continued to grow the series in a way that feels natural and engaging.”
The post Games Global and Slingshot Studios expand Cashingo™ series with Eruption Blaze Cashingo™ appeared first on Gaming and Gambling Industry Newsroom.
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13 gambling company executives in appeal against ATG’s proposal to raise gambling tax in Sweden
BOS – The Swedish Trade Association for Online Gambling – is today submitting a letter to the government. The letter is signed by 13 gambling company executives and BOS’s secretary general. In the letter, the signatories urge the government not to support the gambling company ATG in their proposal to raise the general gambling tax in favour of a reduction in the tax on horse racing.
As a main argument, the signatories highlight the fact that the level of the gambling tax affects the proportion of consumers who choose to gamble on the legal licensed gambling market, and that too many consumers are already opting out of the safety of the licensed market with its extensive consumer protection.
“Horse betting has a channelisation rate of between 98-99 percent. Online casino, according to the most optimistic estimates, has a channelisation rate of between 72-82 percent. The higher the tax, the greater the risk that the consumer will choose unlicensed gambling, where neither gambling tax nor consumer protection exists. To then lower the gambling tax for horse betting, which already has a very strong channelisation, and raise it for online casino, which has a very weak channelisation, would be completely incomprehensible. At least for those who prioritize consumer protection,” says BOS Secretary General Gustaf Hoffstedt.
You can read the full letter here: Letter to Government on ATG gambling duty
The post 13 gambling company executives in appeal against ATG’s proposal to raise gambling tax in Sweden appeared first on Gaming and Gambling Industry Newsroom.
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