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Tobias Fagerlund appointed new CEO and President of Global Gaming

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Global Gaming’s Board of Directors has appointed Tobias Fagerlund as the new President and CEO of Global Gaming with immediate effect from today, July 2nd, 2019. Tobias has been the company’s Acting CEO since April 29, 2019.

Peter Eidensjö, Chairman of Global Gaming, said: “It is with pleasure and complete confidence that we confirm Tobias Fagerlund as President and CEO of Global Gaming. His long experience of both the industry and change management, coupled with his deep understanding of our current situation and the fact he possesses the personal qualities required by the situation, clearly make him the right person to shoulder the great responsibility and challenge entailed by being the CEO of Global Gaming in the future.”

Only two weeks ago, the Swedish Gambling Authority unexpectedly revoked the licences held by one of the company’s Maltese subsidiaries for the provision of online gambling services in the Swedish market. The decision was appealed and is currently in the appeal process.

Of his new role and the company’s situation, Tobias Fagerlund commented: “It is with confidence and humility that I have agreed to take on this role. I would have naturally preferred to be appointed under different circumstances, but I have no reservations in accepting it. I have a great deal of faith in Global Gaming and stand by what I have said in recent weeks: the regulator’s decision to revoke our licences is incorrect and disproportionate. We are confident that we are compliant with the requirements of the Swedish legislation, and I have faith in the judicial process and look forward to its outcome.

“The current situation is damaging to us, our customers, our employees and approximately 6,000 shareholders for every day that goes by. We will do everything in our power to restore as much confidence as possible in us, in order to be able to offer our brands to our customers in Sweden again soon.”

Tobias will remain a member of the company’s Board of Directors.

 


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: Tobias Fagerlund appointed new CEO and President of Global Gaming

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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PLANZER LAW announced as European Regulatory Sponsor at CEEGC2019 Budapest

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PLANZER_LAW_CEEGC2019 PLANZER LAW announced as European Regulatory Sponsor at CEEGC2019 BudapestReading Time: 2 minutes

 

The 4th edition of CEEGC Budapest is recording unprecedented interest from the industry and confirms 14 sponsors.

It is a pretty high number for a boutique-style conference and it seems that the 2019 edition which takes place on the 24th of September at The Ritz-Carlton Budapest is once again bringing together the largest names of the industry.

Among the esteemed sponsors, we are honored to announce the support of PLANZER LAW as European Regulatory Sponsor! You can meet their team at the conference, so don’t forget to register!

Secure your seat now!

We are honored to announce again the sponsorship support of PLANZER LAW and also have the opportunity to welcome Dr. Simon Planzer in Budapest. He has supported our events with his network and expertise from its early days. Central and Eastern European Gaming Conference and Awards is the must-attend conference in the region and in 2019 even more, companies are understanding the mission of the event. We look forward to welcoming many delegates in Budapest and are keen to hear the insights that our European Regulatory Sponsor will bring to the event.” stated Zoltán Tűndik, Head of Business at European Gaming Media and Events.

It is a pleasure to continue our support for the Central and Eastern European Gaming Conference and Awards. It is also an expression of our recognition of the organizers’ hard work. Within only four years, European Gaming Media and Events have established this event as a leading and well-noted gaming conference in Central Eastern Europe. 

Gaming and e-sports companies are facing a complex, challenging and ever-changing regulatory landscape in Europe. In these difficult waters, the conference topics proof to be very topical. Notably, we will discuss regulatory developments in the DACH gaming region including Liechtenstein and the hottest issues in esports. And of course, I am much looking forward also to my Fire Side Chat with the Maltese regulator”, stated Dr. Simon Planzer, Partner at PLANZER LAW.

Make sure you take advantage of this unique opportunity of learning and networking with the gambling industry in the CEE and Balkans region via the CEEGC platform which is committed to bringing together industry shareholders and government officials from the region on a yearly base.

Browse the official event website for more details: www.ceegc.eu

About PLANZER LAW

PLANZER LAW is a boutique law firm specializing in gaming, entertainment, and online businesses. Its team notably provides strategic, regulatory and legal advice on all matters relating to EU and Swiss gaming regulation as well as business development into new markets. Clients profit from an unrivaled global network and highly specialized expertise.

Dr. Simon Planzer, founding partner of PLANZER LAW has recently received the recognition from Chambers & Partners and has been listed as a global gaming law expert. Clients and firms across many practice areas and geographies have trusted Chambers’ research for nearly 30 years.

Dr. Simon Planzer, founder of Planzer Law, is endorsed by interviewees (Chambers & Partners) as “absolutely excellent” and “the top Swiss lawyer” for gaming. He is actively involved in the shaping of gaming regulations in Switzerland, regularly interacting with the authorities, as well as providing regulatory advice to private clients. Based in Zürich, he is additionally active representing fantasy sports companies.

Earlier this year, PLANZER LAW has been nominated in the “Best Regulatory Lawyer or Law Firm of the Year” award at the Global Regulatory Awards 2019 (organized by GamblingCompliance).

For more details, visit their website!


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: PLANZER LAW announced as European Regulatory Sponsor at CEEGC2019 Budapest

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Nolimit City partners up with pioneering brand, Fortune Legends

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nolimit-fortune Nolimit City partners up with pioneering brand, Fortune LegendsReading Time: 2 minutes

 

Fortune Legends enhances games library with Nolimit City portfolio

Paving way for a new deal announcement between emerging operator multi-brand, Mobilt Limited, and video slot specialist, Nolimit City, who announce their partnership in the event of also celebrating going live on the operator’s flagship brand, FortuneLegends.com.

Although new to the scene, the team behind Mobilt are seasoned gambling experts with years of experience behind them. The new platform is set to take the industry by storm, raising high hopes to stand out amongst the big boys. Despite having just launched, the operator has made a name for itself with their unique “Vault” feature. The partnership between the two will see Nolimit’s full portfolio of high-end games present on www.fortunelegends.com, featuring iconic video slot games such as Tombstone, Thor: Hammer Time and the latest release, Pixies vs Pirates featuring new mechanics xWays® and xNudge®

This announcement marks another high-note on the eventful commercial journey for the Malta based Software Provider. A steady content stream is promised by the studio, who are increasing the stakes and have geared up to deliver more exciting games till the very end of 2019.

Malcolm Mizzi, Commercial Director at Nolimit City, stated: “We are delighted to be partnering up with yet another young and ambitious brand name out there. The team behind Fortune Legends clearly have high ambitions to succeed and we want to be part of their journey. We share the same mantra and view this as the perfect match”

Sebastian Rydhed, Head of Product at Mobilt Ltd, added: “We are thrilled to join forces with Nolimit City, an up and coming supplier with a strong portfolio of innovative casino games backed by solid mechanics. Their games are fully integrated into ‘The Vault’, our real time cashback concept which rewards players instantly on every spin.”


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: Nolimit City partners up with pioneering brand, Fortune Legends

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Twin River Creates Partnership With Camelot Lottery Solutions To Offer Competing Lottery Proposal And Requests Opportunity To Bid

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7-8-1 Twin River Creates Partnership With Camelot Lottery Solutions To Offer Competing Lottery Proposal And Requests Opportunity To BidReading Time: 4 minutes

 

Twin River Management Group (TRMG), in partnership with Camelot Lottery Solutions (Camelot), an international lottery company, has submitted to the offices of the Governor, Speaker of the House and Senate President a competing proposal to operate the State’s lottery system that, among other things, provides 1,100 jobs backed by a $100 million guarantee, saves the State and its taxpayers approximately $500 million in fees, invests $75 million in development and improvements including a new 50,000 square foot corporate headquarters in the state, and would limit the control of the casino slot floor to the current state law of 50 percent.

The proposal was developed to provide for a public, open bid process, one in where the State solicits proposals from interested vendors in order to secure the best deal, rather than simply renewing the existing billion dollar contract with IGT for a period of 20 years. Twin River and Camelot requested that the State comply with purchasing laws and proceed with a competitive bid process.

According to Marc Crisafulli, Executive Vice President of Twin River Worldwide Holdings, Inc. and President of Twin River Rhode Island, the binding partnership was formed to jointly respond to any RFP in Rhode Island that combines lottery systems (Camelot) and VLTs (Twin River). The highlights of the joint proposal include:

-A commitment to provide 1,100 jobs over the life of the contract, which is guaranteed by $100 million to the State if provisions of the bid are not met;

-A contract term of 12 years versus the 20 years proposed by IGT which will allow the State to assess its market/technology needs and rebid the contract earlier;

– A total cost to the State of less than $500 million which is approximately half of what is proposed by the $1 billion IGT no-bid deal;

-50% share of VLTs at the two Rhode Island casinos to stimulate increased competition among suppliers and preserve and/or enhance current State revenue of approximately $300 million annually. This is in accordance with existing state law – in stark contrast to the 85% sought by IGT in its proposed deal which requires a change to existing law;

-As part of the commitment to invest $150 million, $75 million is committed to economic development including $50 million at Twin River and the development of a 50,000 square foot new corporate headquarters in Rhode Island. Targeted communities include Providence, Pawtucket, Cranston, Warwick and Lincoln.

“We believed all along that Rhode Island would secure a much better deal through a competitive bid process and today’s bid submittal demonstrates exactly that,” said Mr. Crisafulli.

He continued, “As is evident, we have significantly improved upon the no-bid deal under consideration for IGT in many areas, notably in the shorter term, the lower fees to the State, meaningful investments in real estate development and a $100 million guarantee to secure 1,100 new jobs, all while matching every other element of the proposed IGT deal.”

Crisafulli concluded, “We’re grateful the General Assembly will now take up this issue and can best decide for themselves, on behalf of their constituents, which is the better course for the State. Importantly, they can do so knowing that the 1,100 jobs thought to be in jeopardy if the IGT contract was not automatically renewed absolutely will be guaranteed.”

In Rhode Island this week, Wayne Pickup, CEO of Camelot Lottery Solutions said, “We’re excited about the possibility of teaming up with Twin River to compete for the State’s lottery business and strongly believe, if given the opportunity to do so, we will help the State secure a much better deal. We see a lot of opportunity to create more value for the State and its residents, and look forward to replicating the success we have delivered for our customers across the globe.”

Both TRMG and Camelot are experienced operators in the casino and lottery gaming industries respectively. Camelot has decades of lottery experience and has delivered outstanding results on contracts in Illinois, Arkansas, UK, Ireland and Switzerland.

Earlier this year, Camelot successfully delivered the largest retail and technology transformation (from IGT) in US lottery history for the Illinois Lottery, rolling out 50,000 pieces of equipment across more than 7,200 retailers and seamlessly converting the lottery gaming system.

Other recent achievements include:

  • Record returns of $731 million for Illinois Public Schools, following Camelot’s first full year of operations in Illinois
  • Record sales and returns for the Arkansas Scholarship Lottery in its most recent financial year, with 35% growth in net income since 2014, in partnership with Camelot
  • Sales growth of over 20% for the Irish National Lottery since 2014, in partnership with Camelot.

TRMG is one of the lowest levered casino owner/operators in the United States. Its parent company, Twin River Worldwide Holdings, Inc., or TRWH, owns and manages four casinos; two casinos in Rhode Island, one in Mississippi, and one in Delaware, as well as a Colorado horse race track that has 13 authorized OTB licenses. Properties include Twin River Casino Hotel (Lincoln, RI), Tiverton Casino Hotel (Tiverton, RI), Hard Rock Hotel & Casino (Biloxi, MS), Dover Downs Hotel & Casino (Dover, DE) and Arapahoe Park racetrack (Aurora, CO). Its casinos range in size from 1,000 slots and 32 table games facilities to properties with over 4,100 slots, approximately 125 table games, and 48 stadium gaming positions, along with hotel and resort amenities. Its shares are traded on the New York Stock Exchange under the ticker symbol “TRWH.”

 

Source: Twin River Worldwide Holdings, Inc.


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: Twin River Creates Partnership With Camelot Lottery Solutions To Offer Competing Lottery Proposal And Requests Opportunity To Bid

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