Connect with us
Atlaslive is a robust, scalable, and reliable igaming platform that supports the growth of our partners’ business by ensuring 99.9 percent uptime, one of the best in the industry.

Latest News

Looking back on a successful year for 888

Published

on

Looking back on a successful year for 888Reading Time: 4 minutes

 

Guy Cohen, Head of B2C at 888 Holdings, talks about what has made 2019 such a big year for the tier one online gambling operator

 

Q: It has been an interesting year for 888 especially following your acquisition of BetBright. Can you tell use a little more about why you chose to acquire the company?

A: Ownership of our own sports technology was the missing link in our proprietary technology stack. Since launch 888 Sport has been powered by the Kambi sportsbook platform which is a great product. We have always wanted to own our own technology across all four verticals – Sport, Casino, Bingo and Poker – and with the acquisition of the technology and team from BetBright, we have achieved this goal. We initiated a post-merger integration process and are investing in the platform to ensure it is ready for deployment.

Q: What was it about BetBright that made it the ideal fit for 888 moving forwards? You must have considered other acquisition opportunities over the years?

A: We have spent many years looking at various options that would allow us to own our own sports betting platform and BetBright stood out as being the only way we could achieve this and deliver the best in class sportsbook offering that we strive to offer our players. The technology product and group of people that we acquired from BetBright fit well into the wider 888 business.

BetBright has a talented and highly-skilled group of people that have the sport and betting knowledge and passion that we need to take our sportsbook offering to the next level. When this combination came at the right price, we knew it was the perfect opportunity for us.

Q: Why did you take the decision to acquire your own sportsbook technology? What advantages and opportunities does this provide?

A: Owning our sportsbook technology allows us to control our destiny. It allows us to invest in our technology talent and use this, along with the platform, to deploy our business strategy and drive growth in a way that we have not been able to do in the past.

For example, we are looking to provide a superior experience to 888sport customers through personalisation, AI and more. Having our own technology allows us to deliver this. In addition, it will provide a more seamless experience across all of our brands – 888casino, 888poker and, of course, 888sport.

Q: 888 was among the first to launch an online sportsbook in the New Jersey. How have you found the US market so far?

A: The US market has and continues to be very important for 888 as a whole and our sports business, which launched in September 2018, was among the first be made available to players in New Jersey. Today, we have a dedicated team in the US which is actively marketing the 888sports brand to customers in the state and we are already seeing positive trends and results.

Q: Outside of the USA, how will the global sports betting sector change as we move into 2020?

A: We believe sport will continue to grow through mobile and live betting. In addition, sport will provide a more personalised experience in both UI and dedicated tools like bet builders. On the marketing side, sport brands will have to adjust to the new advertising rules we see in places like Italy and UK. This all makes for a hugely exciting period ahead.

Q: While sports has stolen the headlines this year, you have also made tremendous strides forwards with your 888poker offering. Tell us more.

A: The current online poker landscape is one of challenges and opportunities, but we still see it as an important vertical and one where there is plenty of chance to grow. 888 Poker is still considered one of the top brands across the various online poker networks and we have achieved this by delivering an unrivalled player experience to both recreational and experienced players with a great range of games, tournaments and promotions.

The poker vertical may not have enjoyed the same levels of growth as sports betting and casino in recent months, but the team at 888poker is working to a new roadmap that we believe puts us on a smoother road and one that will lead us to growth.

888poker is a very important and trusted brand in the online poker world, and although the poker vertical may not have enjoyed the same levels of growth as sports betting and casino in recent months, the team at 888poker is working on a new roadmap that we believe puts us on a smoother road and one that will lead us to growth. It will also ensure our players receive the best experience when it comes to online tournaments, promotions and live events around the globe.

Q: What does this roadmap entail and what are your plans for the 888poker product?

A: Back in March we began the global roll-out of our hotly anticipated Poker 8 platform. Poker 8 takes the player experience to the next level with a vastly improved design and functionality, including new backgrounds, animations, sounds and avatars.

We are also hard at work on bringing additional upgrades to Poker 8 including a revamped poker lobby and significant improvements to our mobile poker offering in order to provide a seamless experience to our users across all platforms.

In addition to this, we continue to run our innovative tournament and campaigns formats such as our new multi-flights feature, The Dragon High Roller, Blast, our seasonal XL Series and many more in order to keep delivering maximum entertainment and value to our players.


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: Looking back on a successful year for 888

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

Wizard Games embarks on a spellbinding adventure in Wynmor’s Tales – The Rise

Published

on

Reading Time: 2 minutes

 

Wizard Games is ready to deliver magic and mystery in its enchanted new release, Wynmor’s Tales – The Rise.

Players are faced with a 5×4 matrix, situated within an eerie mansion, looking to land mystic items across the slots 40 paylines.

If a spellbook lands on the fifth reel, then all Cash Symbols are collected, paying out magical rewards.

The Orb Treasures Feature ensures cash symbols that land are added to the collect meter if there is no spellbook present. If it fills up, then it can award prizes of up to 2,500x.

When three castle-themed scatter symbols land, the Lock N Spin bonus is triggered. Players are then given three respins where only cash symbols can land. If an entire reel is filled with symbols, then the scroll multiplier atop the reels is awarded.

Wynmor’s Tales – The Rise is designed as the first episode in a sequence of interconnected stories, showcasing Wizard Games’ dedication to expanding its varied gaming repertoire. It joins recent releases such as Surtr’s Fury and Chicken Burst. The provider’s diverse collection of titles now exceeds 150 titles and continues to expand.

Megan Easey, Director of Operations at Wizard Games, said: “Our latest release, Wynmor’s Tales – The Rise, promises magical wins cast through the innovative Cash Collect and Orb Treasures Feature as well as the Lock N Spin Bonus.

“We’re confident that players will love the immersive world of this title and hope it will appeal to a new demographic of players that can be captivated by the mechanics and the graphically advanced nature of our portfolio of content.”

Abhishek Singh, Game Producer at Wizard Games, said: “As well as the stunning visuals and adventurous spirit, the first slot of our latest series is extra special as it includes the face of our brand mascot– Wynmor!

“The sorcerer reflects Wizard Game’s enthralling offering and Wynmor’s Tales – The Rise treats players to an unforgettable experience that will have them on the edge of their seat for every spin.”

The post Wizard Games embarks on a spellbinding adventure in Wynmor’s Tales – The Rise appeared first on European Gaming Industry News.

Continue Reading

Latest News

Raketech Announces Q1 2024 Results

Published

on

Reading Time: 2 minutes

 

Raketech has announced its Q1 2024 financial results.

Q1 2024 Financial Highlights

  • Revenues in Q1 of 2024 totaled EUR 19.0 million (EUR 15.8 million), reflecting an organic growth increase of 20.1% (24.4%), driven by continued strong performance from sub-affiliation partially offset by weaker-than-expected results within affiliation marketing.
  • EBITDA, adjusted for restructuring costs, was EUR 5.1 million (EUR 6.1 million), impacted by a weaker performance in Sweden compared to the previous year and soft performance of the Casumba assets following the Google Core update during the quarter. Other regions and products performed well, with sub-affiliation delivering a strong quarter in terms of EBITDA contribution.
  • Operating profit, adjusted for costs related to re-structuring, amounted to EUR 2.0 million (EUR 3.8 million).
  • Free cash flow before earnouts increased to EUR 6.5 million (EUR 5.6 million) with a positive working capital development from trade receivables.
  • Earnouts settled during the quarter amounted to EUR 13.0 million.

Full-Year Outlook

Current trading, including April, implies an adjusted EBITDA of around EUR 20.0 million for the full year. Free cash flow before earnouts for the full year is estimated to come in just below adjusted EBITDA.

Subsequent Events After the End of the Period

On May 14, 2024, the board decided to withdraw its previously announced proposal to distribute dividends in 2024, in line with its commitment to maintaining financial flexibility and supporting the company’s long term growth ambitions. The primary focus is delivering value to shareholders and continuing to evaluate opportunities to enhance shareholder returns in a way that aligns with the Company’s long-term value-creation objectives.

Current Trading

Revenues in April 2024 amounted to EUR 5.9 million (EUR 5.9 million).

Raketech Acting CEO Johan Svensson said: “In the first quarter of 2024, we delivered EUR 19.0 million in revenues, representing an organic increase of 20.1%, primarily driven by Sub-affiliation. Adjusted EBITDA came in at EUR 5.1 million, while EBITDA was EUR 4.3 million, consistent with our trading update published on 1 May. We remain confident in our market-leading product offerings and see promising growth opportunities through our strategic initiatives in sports offerings, exclusive partnerships, and media deals. These efforts will position us well for continued growth in the coming years, and we remain committed to maximizing shareholder value.”

The post Raketech Announces Q1 2024 Results appeared first on European Gaming Industry News.

Continue Reading

Latest News

IGT Reports First Quarter 2024 Results

Published

on

Reading Time: < 1 minute

 

International Game Technology PLC has reported financial results for the first quarter ended March 31, 2024.

“Innovative game, hardware, and systems solutions drove better-than-expected Global Lottery and Gaming & Digital performance in the first quarter. As a result, we are upgrading our full-year 2024 revenue and profit goals, which reflect broad-based momentum across key performance indicators in the balance of the year. We continue to make progress on separating Global Lottery from Gaming & Digital and preparing for the proposed transaction with Everi,” Vince Sadusky, CEO of IGT, said.

Key Highlights:

  • Announced Gaming & Digital business to be spun off and combined with Everi Holdings Inc.; transaction expected to close in late 2024/early 2025
  • Recognised with top honours at ICE London 2024 awards programmes including “Lottery Product of the Year” and “Best Diversity and Inclusion Employer”
  • Received a supply contract extension from the UK National Lottery
  • Executed licensing agreement with the Maryland Lottery for IGT’s patented Cash Pop draw-based game
  • Mystery of the Lamp named “Top Performing New Premium Game” at 2024 EKG Slot Awards Show
  • Awarded contract to provide PeakDual 27 video lottery terminals across Quebec
  • Launched iGaming content in Rhode Island
  • Achieved AAA MSCI ESG rating, the highest rating possible, and earned a gold medal sustainability rating from EcoVadis.

“We delivered a record organic profit performance in the first quarter, if we exclude Separation & divestiture costs. The Company is operating from a position of strength with historically low net debt leverage, ample liquidity, and manageable near-term debt maturities,” Max Chiara, CFO of IGT, said.

The post IGT Reports First Quarter 2024 Results appeared first on European Gaming Industry News.

Continue Reading

Trending

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