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Gaming Realms signs sub-licensing agreement with Scientific Games Digital

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8-3 Gaming Realms signs sub-licensing agreement with Scientific Games DigitalReading Time: 2 minutes

 

Gaming Realms PLC, a UK-based developer, publisher and licensor of mobile real money and social games, has signed a three-year sublicensing deal with Scientific Games Digital, which is the US-based online gaming, sports and iLottery business known primarily as the licensee of the MONOPOLY brand rights for the online gaming space.

As per the deal, Gaming Realms will develop and publish the new real money game called Slingo MONOPOLY, which will be launched globally in early 2019 across Gaming Realms’ existing Slingo B2C and B2B channels, as well as through its distribution channel of operators and third-party sites.

“Being given the opportunity to develop a game using the world-renowned MONOPOLY brand is a really exciting moment for Gaming Realms,” Said Patrick Southon, Chief Executive Officer of Gaming Realms. “We continuously look to develop new concepts and offer players an expansive and engaging range of games and believe that Slingo MONOPOLY will offer just that. We are now focused on the development of the game and look forward to announcing the worldwide launch early this year.”

Tom Wood, Chief Creative Officer at SG Digital, added “The timeless MONOPOLY brand has proven immensely successful in the online space, and we are delighted to partner with Gaming Realms on this innovative new spin on the classic boardgame.”

 

About Hasbro, Inc.
Hasbro (NASDAQ: HAS) is a global play and entertainment company committed to Creating the World’s Best Play Experiences. From toys and games to television, movies, digital gaming and consumer products, Hasbro offers a variety of ways for audiences to experience its iconic brands, including NERF, MY LITTLE PONY, TRANSFORMERS, PLAY-DOH, MONOPOLY, BABY ALIVE and MAGIC: THE GATHERING, as well as premier partner brands. Through its entertainment labels, Allspark Pictures and Allspark Animation, the Company is building its brands globally through great storytelling and content on all screens. Hasbro is committed to making the world a better place for children and their families through corporate social responsibility and philanthropy. Hasbro ranked No. 5 on the 2018 100 Best Corporate Citizens list by CR Magazine, and has been named one of the World’s Most Ethical Companies® by Ethisphere Institute for the past seven years. 1

About Gaming Realms
Gaming Realms creates and publishes innovative real money and social games for mobile, with operations in the UK, U.S. and Canada. Through its market leading mobile platform and unique IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats. The Gaming Realms management team includes accomplished entrepreneurs and experienced executives from a wide range of leading gaming and media companies.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Gaming Realms signs sub-licensing agreement with Scientific Games Digital

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.

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William Hill lowers profit forecast

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William-Hill-lowers-profit-forecast-2018 William Hill lowers profit forecastReading Time: 1 minute

 

William Hill is all geared for remodelling its retail business in 2019, after it lowered its full-year 2018 adjusted operating by about 15 per cent lower compared to the previous year.

The company had reduced its profit forecast in November due to increasingly stringent regulations, particularly on lucrative fixed-odds betting terminals (FOBTs), and warned of more losses in the United States.

It said its US business had broadly broken even in the year.

European gambling companies have been looking to expand across the Atlantic in light of regulatory curbs in Britain and as US states ease curbs on betting.

William Hill said 2018 adjusted operating profit from continuing operations would be 234 million pounds, slightly higher than company-supplied analyst estimates of 232.2 million pounds.

Profit was lower in its retail business due to tough high-street conditions and the offering would be remodelled in 2019 as Chief Executive Officer Philip Bowcock looks to make the firm a “digitally-led international business,” the company said.

The company had said in November that it would look at new products to offer alternatives to FOBTs.

“With rapid expansion underway in the U.S. … and the acquisition of Mr Green nearing completion, we look forward to making further progress this year,” Bowcock said in a statement.

William Hill has earmarked about 120–130 million pounds for 2019 to fund its US expansion.

 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: William Hill lowers profit forecast

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FTSE4Good Index admits GVC Holdings

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FTSE4Good-Index-GVC-Holdings FTSE4Good Index admits GVC HoldingsReading Time: 2 minutes

 

GVC Holdings, the multinational sports-betting and gaming group based in Isle of Man, has been admitted to the FTSE4Good Index Series following the FTSE4Good’s annual review in December 2018.

The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. Transparent management and clearly-defined ESG criteria make FTSE4Good indexes suitable tools to be used by a wide variety of market participants when creating or assessing sustainable investment products.

GVC was admitted to the index after an independent scrutiny of its practices and public documents against a series of criteria including:

  • Governance (including risk management, corporate governance and anti-corruption)
  • Social practices (including human rights, labour standards and health & safety)
  • Environmental commitments (including energy usage and waste management)

Kenneth Alexander, GVC CEO commented:

“We are proud to join FTSE4Good and be recognised as a leader in corporate social responsibility, which is at the core everything we do as a business. Acting responsibly and maintaining strong governance is not a luxury but fundamental to our long-term success and a key driver of shareholder value.”

 

About GVC:
GVC Holdings PLC is one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. GVC acquired Ladbrokes Coral Group plc on 28 March 2018 and is now the UK’s largest high street bookmaker, with over 3,500 betting shops. The Group, incorporated in the Isle of Man, is a constituent of the FTSE 100 index and has licences in more than 20 countries, across five continents.

For more information see the Group’s website: www.gvc-plc.com

 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: FTSE4Good Index admits GVC Holdings

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Macau’s casino companies receive rating upgrade

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Macau’s-casinos-receive-rating-upgrade Macau’s casino companies receive rating upgradeReading Time: 1 minute

 

Brokerage Sanford C Bernstein has upgraded the ratings of Macau casinos Galaxy Entertainment Group and Sands China. This was done after a re-evaluation of the companies and also considering the capacity expansion in 2020.

According to Bernstein analysts, Vitaly Umansky, Eunice Lee and Kelsey Zhu, even as GGR is expected to decrease from 14 per cent (2018) to 3 per cent this year, there is a positive future for Galaxy and Sands in 2019. They clarified: “On a longer-term fundamental view, Galaxy now looks relatively inexpensive, especially factoring in Phase 3 and 4 developments of Galaxy Macau.” 

They added: “Galaxy continues to improve its Mass operations at Galaxy Macau and StarWorld while maintaining a leadership position in VIP. While the VIP segment is most at risk of considerable slowdown over the next 6 to 12 months, over the medium term, the key value driver is operating leverage improvement and improving business mix which will enhance margins.”

Furthermore, they explained that Galaxy “stands to have outsized growth over the long run” as it completes Galaxy Macau Phases 3 and 4.

“We continue to look favorably upon Sands China’s management team, product positioning and strategy focused on Mass market, a strong balance sheet and hefty dividends,” Bernstein analysts said about Sands China and added: “Redevelopment of Sands Cotai Central and upgrades at the Parisian will help boost its high margin Premium Mass business. The long-term (beginning in 2020) growth story from hotel suite capacity expansion and the Londoner redevelopment is evident. Sands China’s valuation look attractive for a stock that consistently trades at a premium to Macau gaming stocks and is now trading well below its historical average.”


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Macau’s casino companies receive rating upgrade

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