Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)
728x90 banner available here

Latest News

Playtech PLC is at the 5-year lowest

Published

on

Playtech PLC is at the 5-year lowestReading Time: 2 minutes

 

Playtech PLC, a gambling software developer recently lowered its revenue forecast as the company saw increased competition in the Asian market. This news caused the shares of Playtech PLC, London-listed company, to drop by about 30% the following day. The stock tumbled to a 5-year low of 5.3 British pounds.

A representative from the company commented on Playtech’s revenue prospects, saying: “Given the recent decline and in the absence of any change in market dynamics, we expect a significant impact on revenue throughout the rest of the year.” According to analysts at Investec, this drop could be as large as 25% of first-half average daily revenue in Asia. If the forecast is true, it reduces Playtech’s expected revenue from the Asian region by 70 million euros for the year. “Clearly the recent trading performance in Asia is disappointing,” – commented Mor Weizer, the CEO of Playtech. Aggressive pricing environment is being actively presented as the main cause of the underperformance in the Asian market.

According to Norske Casino webportal, Playtech’s overall performance, on the other hand, is strong and reassuring. Excluding the Asian market, Playtech showed a 7% increase in year-to-date average daily revenue in the B2B gaming business. Playtech expects to earn adjusted earnings before interest, taxes, depreciation and amortisation of 320-360 million euros in 2018. For comparison, Playtech’s EBITDA in 2017 was 322.1 million.

Playtech PLC has established itself in the gambling software market as an innovative provider who cares about the customer experience

Playtech, which was founded in Tartu, Estonia in 1999 offers software for products like online bingo, poker, sports betting, scratch games, mobile gaming and other online casino games. Since its founding, the company has grown quickly to become a powerhouse in the gambling software industry. It is currently listed on the London Stock Exchange and is a part of the FTSE 250 Index. Currently, the company employs over 5,000 people, has offices in 17 countries and has 140 global licenses.

Playtech focuses on customer experience and uses innovative technology to distinguish itself from the rest of the market. “We are committed to offering our partners best-of-breed gaming products and services across all platforms. Our vision is to remove the technology barrier for our customers, while keeping them at the forefront of innovation. With our comprehensive set of products, platforms and content,” – reads the company’s website.

Source: https://norskecasino.casino/nyheter/playtech-plc-pa-sitt-laveste-pa-5-ar/


Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Latest News

Stakelogic Expands Presence in Switzerland with Exclusive Blackjack Launch at Jackpot.ch

Published

on

Reading Time: 2 minutes

 

Award-winning Stakelogic Unveils Branded 7-Seat Blackjack Table at Jackpot.ch, enhancing the Swiss Live Casino Experience

Stakelogic has strengthened its position in the Swiss online casino market by securing an agreement with Jackpot.ch, the online platform of Grand Casino Baden, the country’s second-leading casino.

Offering Swiss players an immersive and premium live casino experience, Stakelogic has unveiled a branded Jackpot.ch Chromakey 7-seat Blackjack table, integrated through Gamanza as part of the partnership, guaranteeing flawless gameplay and outstanding performance.

This milestone is a significant growth phase for Stakelogic in the regulated iGaming market of Switzerland. Jackpot.ch is going to offer a distinctive and exclusive gaming experience to its players with the introduction of a branded blackjack table, thus cementing its position as a leading online casino.

Stakelogic’s Chromakey technology enables highly customisable branding, allowing operators to design a unique live casino setting. The 7-seat blackjack format boosts engagement, delivering a genuine and interactive table game experience.

With its latest launch, Stakelogic has further established itself as a leading supplier of live dealer products, with further emphasis on important regulated markets. Jackpot.ch players can now enjoy a high-quality, custom branded blackjack experience, adding to the online gaming landscape in Switzerland.

Neil Tanti, Head of Sales at Stakelogic, commented: “We are excited to team up with Jackpot.ch, one of Switzerland’s biggest online casinos, to introduce our branded 7-seat Blackjack table. It demonstrates our dedication to delivering innovative live casino solutions, which are tailored to meet the requirements of our operator partners.”

Brian Christner, Chief Online Gaming at Jackpot.ch added: “We are very excited about this partnership with Stakelogic. Their cutting-edge technology and dedication to quality align with Jackpot.ch’s mission to provide our players with the best gaming experience. The launch of our branded 7-seat blackjack table is a significant moment for us, as it sets a new standard for premium live casino entertainment on the market.”

The post Stakelogic Expands Presence in Switzerland with Exclusive Blackjack Launch at Jackpot.ch appeared first on European Gaming Industry News.

Continue Reading

Latest News

Logifuture and Bolabet deepen partnership with addition of Zoom Soccer

Published

on

Reading Time: < 1 minute

 

Immersive virtual product adds 30,000 extra events to leading African sportsbook

Logifuture, a leading supplier of award-winning iGaming products, has strengthened its partnership with leading African sportsbook Bolabet with the integration of Zoom Soccer.

Zoom Soccer delivers ultra-realistic virtual events for sportsbook users, delivering tens of thousands of events every month for nonstop 24/7 action. With no off-peak moments and a packed schedule that’s always relevant, Zoom ensures continuous engagement. Powered by RNG for steady margins and consistent profits, it creates a fast-paced, immersive betting experience that mirrors the excitement of real football games.

This extended partnership means Bolabet is now able to offer more than 30,000 extra pre-match and in-play betting events each month to its players in Africa.

The move follows the successful addition of Simulate – another of Logifuture’s pioneering virtual products – to the Bolabet platform in August 2024.

Niccolo Cassettari, Group Chief Business Development Officer at Logifuture, said: “We are thrilled to deepen our collaboration with Bolabet through the addition of Zoom Soccer, building on the success we have seen with our Simulate partnership.

“At Logifuture, we remain focused on delivering fast-paced and entertaining sports products, and with the expansion of Zoom Soccer, we are poised to meet that demand.

“As the need for dynamic, quick-turnaround sports content increases, particularly in emerging markets, this integration will further strengthen Bolabet’s virtual sports portfolio and offer players an unparalleled gaming experience.”

Bolabet CEO Justin Palmer said: “Bolabet aims to deliver an engaging and interactive experience for our players and it’s a pleasure to welcome Logifuture’s Zoom Soccer to our product portfolio.

“The addition of Simulate last year has been hugely popular with our players and we are sure Zoom Soccer will further enhance our players’ experience.”

The post Logifuture and Bolabet deepen partnership with addition of Zoom Soccer appeared first on European Gaming Industry News.

Continue Reading

Latest News

A Royal Commemoration: ELA Games Releases Its Latest Title, Noble Crown

Published

on

Reading Time: < 1 minute

 

ELA Games, an innovative iGaming game provider, presents its newest development, Noble Crown. This title, with its high-quality graphics, enticing animations and contribution to a balanced portfolio, is a testament to the studio’s design and development philosophy.

This 5×3 slot includes iconic symbols commonly seen in classic pub games, such as crowns, diamonds and lucky sevens. These revamped symbols are adorned on a polished setup, providing players with an enticing visual experience.

Scatter symbols give players cash prizes wherever they land on the reels for more dynamic gameplay. Additionally, players can boost their bankroll and experience majestic payouts on every win.

David Fall, ELA Games’ Business Development Manager, commented on the game’s release, “Noble Crown is a throwback to classic pub games, but we’ve put our own ELA Games twist on it with newly designed visuals. The game is an excellent addition to our diverse portfolio, and we’re excited to see players interact with it and rediscover classic slot gaming experiences.”

The post A Royal Commemoration: ELA Games Releases Its Latest Title, Noble Crown appeared first on European Gaming Industry News.

Continue Reading

Trending

EEGaming.org is part of HIPTHER, parent brand of various prominent news outlets and international conferences. These platforms and events span a wide range of industries, including Entertainment, Technology, Gaming and Gambling, Blockchain, Artificial Intelligence, Fintech, Quantum Technology, Legal Cannabis, Health and Lifestyle, VR/AR, eSports, and several others. This indicates that EEGaming.org is part of a larger network that focuses on a diverse array of sectors, particularly those related to cutting-edge technology and modern lifestyle trends.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2025 HIPTHER. All Rights Reserved. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.